TCC to launch slimmed-down shipping services One of the boldest shipping ventures of the past two decades is to start operations next month during the sector's worst downturn with the first sailing by a simplified container shipping operationRead more: FT.com - Shipping

Vessel port fees U-turn attacked Shipping organisations say the cut in a proposed increase in the fees charged to vessels visiting British ports is too small to make a significant differenceRead more: FT.com - Shipping

Greek Crisis Is Over, Rest of Region Safe, Prodi Says The worst of Greece’s financial crisis is over and other European nations won’t follow in its path, said former European Commission President Romano Prodi.Read more: Latest News

Asia Coal-Prices fall below $94; Chinese buyers on the sidelines Australia's thermal coal prices, a benchmark for Asia, fell 2 percent to below $94 a tonne this week, as sluggish demand from China foiled sellers' hopes that the world's largest coal consumer would swiftly revive their buying spree.Read more: Latest News

China's ship exports surges 70.6% in Jan China exported US$3.79 billion worth of ships, boats and floating structures in February, 70.6% more than in the same month of last year, according to statistics released by the Ministry of Industry and Information Technology yesterday.Read more: Latest News

Dock strike threatens Finnish recovery A strike that has crippled Finland's ports for the past week is threatening to undermine recovery in an export-dependent economy still reeling from its deepest recession since the country won independence from Russia in 1918Read more: FT.com - Shipping

Cautious Unifeeder grows LEADING European feeder box line Unifeeder has increased the chartered ships it operates to 35, a Gdansk conference heard today.Read more: Fairplay Daily News

Undersea cable upgraded ALCATEL-LUCENT has completed the upgrade of a 22,000km submarine cable system linking the US with Latin America, IHS Global Insight reported today.Read more: Fairplay Daily News

China's Sinotrans plummets PROFITS crashed 69% last year, Sinotrans Shipping, the drybulk division of Sinotrans Group, told Hong Kong stock exchange today.Read more: Fairplay Daily News

Seaspan Accepts Delivery of Two New Vessels Seaspan Corporation announced the delivery of its 44th and 45th vessels, the Guayaquil Bridge and the COSCO Japan. The Guayaquil Bridge, a 2500 TEU vessel delivered on March 5, 2010, was built by Jiangsu Yangzijiang Shipbuilding Co., Ltd. It is...Read more: Latest News

India: Shipping companies raise freight rates up to 30% April could be a dicey month for consumers. Truckers have threatened to go on an indefinite strike from April 5, and shipping companies have announced a 15-30% increase in container freight charges because of rising oil prices.Read more: Latest News

Baltic Trading Raises $228 Million in IPO at Low End Baltic Trading Ltd., the New York- based shipping company formed to operate dry-bulk vessels, raised $228 million in its initial public offering after selling shares at the low end of its price range.Read more: Latest News

MSC focuses on post-Panamax build MSC Cruises is reported to be “quite busy” working on various aspects of a post-Panamax newbuilding project, according to Pierfrancesco Vago, chief executive officer, although he says the ...Read more: Riviera Martime Media

Korean yard close to cruise deal? Louis Cruises is reported to be in talks to commission a new cruise vessel at South Korea’s Daewoo Shipbuilding. If this deal goes ahead it would be the yard’s first cruise ship contract, ...Read more: Riviera Martime Media

Essar may trim shipping stake ESSAR, the Indian conglomerate, is considering selling a slice of equity in its listed shipping, ports and logistics entity, sources close to the company have told Fairplay.Read more: Fairplay Daily News