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Grim week for shipping industry - FT.com All the main forms of shipping this week produced further evidence of how the worldwide oversupply of ships has pushed the industry into its worst financial crisis in decades, with earnings well below operating expenses in many markets pushing

Shipping alternatives to the Keystone XL pipeline project CALGARY - Canadian oil producers are scrambling to assess what options they will have to ship barrels to the United States in the wake of new delays to bringing the Keystone XL online.

Falling freight rates dragging down Zim The global shipping industry is facing two contradictory trends: an increase in freight and a slump in freight rates.

Nordstrom posts 7% profit increase, cites boost from free-shipping offer Nordstrom said it now expects to make a full-year profit of $3.05 to $3.10 a share, slightly better than its previous projection for $2.95 to $3.10 a share.

UPDATE 1-Singapore releases impounded ship to China COSCO | Metals & Mining | Reuters (Adds details, background) SINGAPORE, Nov 10 (Reuters) - Singapore authorities returned a dry bulk vessel to China COSCO Holdings , six days after it was impounded over a financial dispute with one of

OAG Cargo Extends South American Coverage With Addition of All TAM Airlines Schedules - sacbee.com /PRNewswire/ -- OAG Cargo's coverage of the South American air cargo market is being extended with the addition of all of TAM Airlines' cargo schedules for flights serving Argentina, Bolivia, Brazil, Chile, Colombia, Paraguay, Peru, Uruguay and Venezuela.

Paragon Shipping Inc. Announces New Charter Agreements for Two of Its Panamax Bulkcarriers

The Hindu : States / Tamil Nadu : MoU with Venice Port Authority to boost trade Jawaharlal Nehru Port Trust (JNPT) on Monday entered into a Memorandum of Understanding with Venice Port Authority (VPA) based on the principle of friendship and mutual benefits.

The Hindu : Business / Industry : Minister apprised of shipyard expansion plan Union Shipping Minister G. K. Vasan directed the Cochin Shipyard Limited (CSL) to constitute a committee to carry out a feasibility study for setting up a ship building/repair facility at one of the three locations — Vizhinjam, Poovar or Azhikkal.

Global shipping giants unite to reduce emissions By Godwin Oritse with agency reports A coalition of global shipping companies and NGOs have agreed on an ambitious roadmap aimed at achieving a “step-change” in the industry’s carbon emissions through to 2040.

http://www.sacbee.com/2011/11/01/4023488/coast-guard-shipping-lanes-need.html

Coast Guard: Shipping lanes need to be moved to protect whales - sacbee.com The U.S. Coast Guard has recommended shifting the shipping lanes in the Santa Barbara Channel to move cargo ships out of the way of whales feeding in the Channel Islands National Marine Sanctuary.

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