Dryships to buy bulk carriers for US$689.6m DryShips Inc, an Athens-based commodities shipping line, will buy nine commodity carriers from companies associated with its founder, George Economou, for US$689.6 million in stock.
Fight Gulf of Aden piracy urgently: ASF THE Asian Shipowners' Forum (ASF) yesterday added its voice to calls for urgent action to deal with the piracy problem in the Gulf of Aden, joining the international shipping community and the Round Table of international shipowners' associations in asking the United Nations, the International Maritime Organisation (IMO) and all maritime nations to better address the issue.
Yunnan Airport starts taking bids for freight centre partner Yunnan Airport Group Co, which owns 11 airports in southwestern China, is seeking domestic and overseas partners to build a freight distribution centre to tap cargo traffic between China and South Asia.
Qingdao gives tax breaks
Strait Talk
Goodbye conferences, hello joint services ABOUT a year ago, I got a bit of a telling off from a liner executive for suggesting that now that the conference system is being banned, the obvious way to keep freight rates at reasonable levels is to control capacity through consortia or joint services.
Dryships to buy bulk carriers for US$689.6m DryShips Inc, an Athens-based commodities shipping line, will buy nine commodity carriers from companies associated with its founder, George Economou, for US$689.6 million in stock.
Fight Gulf of Aden piracy urgently: ASF THE Asian Shipowners' Forum (ASF) yesterday added its voice to calls for urgent action to deal with the piracy problem in the Gulf of Aden, joining the international shipping community and the Round Table of international shipowners' associations in asking the United Nations, the International Maritime Organisation (IMO) and all maritime nations to better address the issue.
Yunnan Airport starts taking bids for freight centre partner Yunnan Airport Group Co, which owns 11 airports in southwestern China, is seeking domestic and overseas partners to build a freight distribution centre to tap cargo traffic between China and South Asia.
Qingdao gives tax breaks
Strait Talk
Goodbye conferences, hello joint services ABOUT a year ago, I got a bit of a telling off from a liner executive for suggesting that now that the conference system is being banned, the obvious way to keep freight rates at reasonable levels is to control capacity through consortia or joint services.
UN adopts new resolution to tackle Somali pirates UNITED Nations passes beefed up version of resolution urging the use of military force action against piracy off Somalia.
Seafarers sailing near Somalia to get double pay
Green groups slam draft recycling policy DRAFT convention on ship recycling is a "shameful document which will likely do more harm than good."
Teekay sets aside $200m to buy back shares TANKER and gas shipping group has earmarked $200m to repurchase about 14% of its own shares.
Cruise financial fallout warned Everyone out of the pool on Queen VictoriaMAJOR cruise groups could be in for a rough ride in 2009, with the financial crisis restraining both US and European consumer spending
New Sao Paulo port plans shelved PLANS by Brazilian billionaire Eike Batista to build a $1.7Bn port for the state of Sao Paulo have been shelved because of continuing turbulence in world financial markets
Turkey privatising key ports SEVERAL Turkish State Railways-owned ports are to be privatised once Ankara approves their concession agreements, the Anatolia News Agency reported today
Swedish shipping seen left out SWEDEN is preparing to spend $59Bn on infrastructure over the next decade, but the maritime system has been largely left out, according to Berit Blomqvist, MD of the country's shipbrokers' association
Bharathi targets 40% revenues rise BHARATHI Shipyard, second-largest yard in India's private sector, is aiming for a 40% climb in shipbuilding revenues in the financial year ending March 2009
3PL CEOs see modest revenue growth Conservative growth prospects and continued pricing pressures top concerns in a new survey of 3PL CEOs, due to fuel prices, slow-growth economy
Court rules against US in Jones Act shipyard case
Maersk cuts US-SA fuel fees
Seaway freight gains
DHL steps up cutbacks
Norfolk-Richmond short sea service to be inaugurated
Russia calls for joint anti-piracy work Russia wants to work with the United States and European Union to fight piracy off the African coast and proposes naval forces gathering in the area to coordinate their efforts, according to the Russian Foreign Minister Sergei Lavrov, reports the ...
Cargo ship grounded off Kristiansand The Hong Kong-registred cargo ship Federal Kivalina ran aground at Årsundøya off Kristiansand on Monday, loaded with 35,000 tonnes of aluminium oxide. A salvage team is now offloading the cargo as well as the oil (40 tonnes of diesel ...
Göteborgs hamn needs to increase effectivity Göteborgs hamn reduces its personnel with 100 persons, due to the company's restructuring. "The recession with decreasing cargo volumes makes us to immediately need to reduce our costs. We have noticed a strong braking during the last months and the ...
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