Shipping News Daily

Kipp Report
Disputed Sudanese oil cargo yet to unload in Japan
Kipp Report

High fuel costs and overcapacity hit Nol
Financial Times
Denmark's AP Møller-Maersk is also expected to announce significant losses in its Maersk Line container shipping division when it unveils its full-year figures on Monday. The effects of overcapacity and slowing demand growth have been exacerbated in ...

På spaning efter den anka som flytt
Svenska Dagbladet
... 178,1˚O. Där spolades i hög sjögång två staplar däckplacerade containrar, sammanlagt tolv stycken, i sjön från 28 904-tonnaren Ever Laurel, ägd av det grekiska bolaget Technomar Shipping och chartrat av Taiwanbaserade Evergreen Marine Corporation.

3News NZ
Ports of Tauranga profits up 22pc to record - shares hit new high
New Zealand Herald

Ports of Tauranga 1H profit, shares rise to record
Yahoo!Xtra New Zealand News
The dispute cost Auckland contracts with shipping line Maersk and dairy exporter Fonterra Cooperative Group, who have shifted business to Tauranga. Container traffic at the company's Auckland-based, MetroPort, rose 11 percent and this growth expected ...

AEGEAN MARINE PETROLEUM NETWORK INC. : Announces Fourth Quarter 2011 Financial ...
4-traders

Genco Barely Posts 4Q Profit, but Results Better Than Expected
Toronto Star
by Paul Choi | 22 Feb 12 Genco Shipping & Trading GNK reported fourth-quarter results that came in above our expectations, and we think a fair value estimate increase may be necessary to reflect the firm's ability to navigate the weakened dry-bulk ...

Baltic index falls for 6th day, panamaxes weigh
Reuters
By Ratul Ray Chaudhuri Feb 22 (Reuters) - The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell for a sixth straight day on Wednesday on sharply lower panamax rates. The overall index, a gauge of the cost of ...

International Community Targets Pirate Kingpins
The Maritime Executive
Additional action by the International Maritime Organisation and the Contact Group on Piracy off the Coast of Somalia will ensure that shipping travelling through the Gulf of Aden has access to the best and most up to date advice on how to help tackle ...

Hindu Business Line
Italian authorities move Kerala HC to quash FIR
Zee News

South to south box links are a two-way street

Shale industry impact being felt in city
The Steubenville Herald-Star

New Jersey Company Agrees to Fine for Iranian Laser Shipment
Main Justice
IRISL is listed on the Office of Foreign Assets Control's Specially Designated Nationals List. “We disagree with the evidence that we should have known, but we thought it was in the best interest of both parties to settle,” Rickert said.

Select deals signal stronger charter rates

Port Technology International
Maersk Drops as China Manufacturing Slumps: Copenhagen Mover
BusinessWeek

Neptune Orient Seeks $500 Million Cost Cuts, Higher Cargo Rates
BusinessWeek

Neptune Orient Seeks $500 Million Cost Cuts, Higher Cargo Rates
Bloomberg

Maersk Drops Option to Order Last 10 Triple-E Ships
The Journal of Commerce Online
The decision by Maersk Line not to exercise an option to order another 10 mega-containerships with capacities of 18000 20-foot equivalent units was no surprise considering overcapacity on the Asia-Europe trade, said a container shipping analyst.

openPR (press release)
SGS Provides Drilling Equipment Inspection for Maersk Drilling in Australia

Remember Greece is not the only problem
CITY A.M.
Covering the Baltic Dry Index – which measures the cost of shipping dry freight – last week I was surprised by the continued divergence between the recovery in commodities since 2009 and the complete lack of recovery in the index.