Nato tackles piracy, expansion issue Nato foreign ministers on Tuesday tackled concerns about combatting pirates off the Somali coast - where despite a six-week Nato mission attacks continue unabated, leaving the shipping industry reeling and the world community scrambling for a solution.
Greek tanker thwarts Somali pirates with electrified wires Somali pirates have turned the Gulf of Aden into a 'route of terror' while an international taskforce is doing little more than directing traffic, according to Greek sailors who thwarted a raid on their vessel there.
Grim shipping outlook in 2009: OOIL Hong Kong-based container ship operator Orient Overseas (International) Ltd (OOIL) says that the outlook for the industry next year is grim due to overcapacity and weak demand, as the global financial crisis dampens trade.
IUMI backs class over proposed regulatory changes LEADING marine insurers group lends support to class' fight against imminent European Union regulatory overhaul.
UK War Risks Club opens door to Asian market MOVE creates the first international provider of P&I war risk.
Ethiopian troops pullout could hinder piracy attacks WITHDRAWAL by Ethiopia likely to trigger the downfall of Somalia's transitional government
UN renews piracy defence THE UN Security Council passed Resolution 1848 on piracy today, which is the legal backing for naval forces and military aircraft patrolling pirate-infested waterways, especially the Gulf of Aden
Panamax box 'bloodbath' warned PANAMAX box ships ' the cash cows of the previous charter market boom ' are facing a double-whammy, German transport bank DVB has warned: too many newbuilding deliveries and bigger ships from the east/west trade
Requiao ordered to pay up BRAZIL'S federal watchdog panel Tribunal de Contas do Estado has ordered Eduardo Requiao, ex-president of the Paranagua Port Authority to pay the government a fine of 10,000 reais ($4,190)
India security threat: trawlers MORE THAN half of the fishing trawlers operating off India's West Coast are unregistered security threats, an official at Mormugao's port has warned
CMA CGM to pay piracy bonus SEAFARERS on CMA CGM vessels transiting the Gulf of Aden will double their payment, the French carrier announced today
Why quick-buck guards won't work SECURITY companies keen to offer their services to shipping companies routing vessels through the Gulf of Aden are being accused of trying to make a quick buck
Thai to offer shipping aid THAILAND is preparing credit assistance programmes for exporters who have been hit by the global financial crisis
OOIL sees tough box outlook in 2009 The parent of box carrier OOCL foresees a hard year ahead for container shipping amid too much vessel capacity and weak demand
Port of Long Beach delays infrastructure project fee
Maersk Line preps multi-trade refrigerated service
LA-LB tests CNG trucks
UPS finds supply chains unprepared for global risks
Obama chooses former rival Richardson for Commerce
Freight rates down to zero Freight rates on the dry bulk trades continue to slide. On Tuesday December 2 the Baltic Exchange average capesize timecharter rate was down to USD 2,316 per day, more than 99 per cent lower than in the beginning of June ...
IBF extends piracy high risk area The International Bargaining Forum, IBF, have agreed to extend the high risk area to cover the entire Gulf of Aden, backdated to 21 November at midnight. The expansion has been agreed because of the number of attacks which have occurred ...
New piracy declaration by UN The United Nations Security Council renews the right to use force against Somali pirates by adopting a new resolution, 1846. The resolution was adopted unanimously by the 15-nation council. "During the next 12 months States and regional organizations cooperating ...
US report shows unexpected oil inventory draw Crude recovers after touching new three-and-a-half year low.
Russian oil major expands bunkering activities Name change for bunkering arm in recognition of wider supply network.
IBIA wants board to represent membership base 16 nominations for new board of directors received so far.
Bunker prices down on soft crude Prices continue to fall across key Asian ports.
New bunker trader at Dan-Bunkering
MISC chooses Gulf of Aden route to 'save fuel' Malaysian liner says going around Africa would add to fuel and other costs while not eliminating pirate risk.
ExxonMobil sells mid-December cargo Saudi Aramco also seling a similar grade cargo.
Payment fears prompt Chimbusco to trim sales in Korea Chinese supplier expects its bunker sales in South Korea fall further in 2009.
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