Tankers

LNG re-export club welcomes new member

27-01-2012 - ANOTHER port has joined the LNG re-export club, with Montoir in France to start offering a re-export service next month. Re-export cargoes from here, like those from ports in the US and Belgium, will end up in Asia.

Dry Bulk

Supramax lay-ups imminent if rates slump continues

27-01-2012 - IF THE current rates slump continues much longer, shipowner will be forced to lay up their ships, brokers predict.

Containers

Zodiac lets 16,000 teu newbuilding options expire

27-01-2012 - CONTAINER lines have turned down the opportunity to add 16,000 teu ships to their fleets, with Zodiac Maritime letting four newbuilding options expire due to lack of interest from prospective charterers.

Insurance

Political interests erode world trade

27-01-2012 - THE International Union of Marine Insurance has criticised politicians for restricting global trade through sanctions and regional regulation, writes Liz McMahon.

Logistics

Forth Ports acquires 100% of Tilbury terminal

27-01-2012 - FORTH Ports has acquired full ownership of London’s Tilbury Container Services box terminal after buying out fellow shareholders DP World and Associated British Ports for £95m ($147.9m).

Regulation

Media’s speculation over Costa Concordia jeopardises a fair trial

27-01-2012 - From the Nautical Institute

Ship Finance

$140bn unpaid for global orderbook

27-01-2012 - MORE than half the global orderbook remains unfunded, with around $140bn needed to fill the gap, according to fund manager Tufton Oceanic, writes Liz McCarthy .