Logistics players facing security challenge SUPPLY chain security remains a key challenge for third-party logistics (3PL) players, as there still exists a gap between 3PL users' expectations and the security capabilities of 3PL providers.
TUI sells Hapag-Lloyd in 4.45b euro deal TUI AG, the German owner of Europe's largest travel company, agreed to sell Hapag-Lloyd to a Hamburg-based investor group in a deal that values the shipping company at 4.45 billion euros (S$8.9 billion).
Tanker rates for Nov shipments likely to halt slide The cost of shipping Middle East crude to Asia may halt the biggest drop in two months as demand accelerates for next month's shipments.
Dry bulk set to rebound next month SHIP operators and brokers predict rates will rise from three-year lows in November but fear they will fall further.
Dry bulk levels may be close to their 'logical bottom'
China steel production 'key to dry bulk revival' CHINA'S steel output will grow 9.1% next year, predicts senior analyst Macquarie Securities.
Svithoid goes bust STOCKHOLM based tanker company calls in administrators after announcing that it was unable to pay off its debts.
GS walks from Daewoo bid consortium Daewoo Shipbuilding & Marine EngineeringGS has pulled out of the consortium with Posco bidding for Daewoo Shipbuilding after a board meeting today
USCG opens cruise ship COE US COAST Guard has opened a Centre of Expertise in Miami, where vessel inspectors and investigators working with the cruise industry can refine sector-specific skills
Carnival curbs fuel charges CARNIVAL Corporation will pull back on fuel surcharges as oil prices fall
Caracas plan gets cautious welcome VENEZUELA'S shipping industry has responded cautiously to a state pledge to reinvigorate La Guaira, the port serving the capital, Caracas
MCA calls for LRIT offers THE UK's Maritime and Coastguard Agency (MCA) is inviting organisations who wish to undertake Long Range Identification and Tracking (LRIT) ship equipment conformance testing to get in touch
NAT start quarter well Final quarter of the year has started well for Nordic American Tanker Shipping (NAT) and the debt free company has fixed two of its 12 Suezmax tankers recently at rates that reflect this optimism
Blaze probed aboard APL Peru INVESTIGATORS in Seattle are working today to determine the cause of a fire that erupted in a cargo hold aboard the APL Peru as it transited from Hong Kong to the US last week
TUI sells Hapag-Lloyd to Hamburg group European travel giant agrees to sell fifth-largest container line to Hamburg consortium of investors for $6.11 billion.
Cartoon capers The world economy may be in turmoil, the dry cargo market sinking and the outlook uncertain but TradeWinds has the answer to all this gloom and doom!
Growth eases Neptune Orient Lines has seen year-on-year growth in volumes decline to single digit figures.
Steady as it goes The global economic slowdown is on hold as far as Singapore's two terminals operators are concerned.
A rally, finally US shipping and offshore stocks regain ground as Dow Jones is poised to end losing streak.
OSG defies crunch Just days after CEO Morten Arntzen said that "the credit crunch is real", OSG scores a $500m loan.
Still working Houston still has a problem as the Coast Guard works to restore shipping channels to normal.
Master rescued Bulker captain suffers cardiac arrest while the vessel was on the Mississippi River.
Rate rise warning New Swedish Club chief, Lars Rhodin, adopts action plan to address chronic underpricing of hull insurance.
Svithoid sunk Tanker owner files for liquidation after series of financial difficulties.
Brilliance in Dubai Royal Caribbean deploys 2,100-berth cruiseship in the Middle East beginning in 2010.
Bro nets $5.5m Swedish owner Brostrom earns a profit from a chemical tanker despite slow sale-and-purchase market.
Ulysses tied up Navios Maritime Holdings' latest supramax delivery fixed out on a healthy five-year charter, as the owner ditches plans for it to trade in the spot market.
Costs hit Skaugen Revenues up at Norwegian owner and Middle East market robust, but shipbuilding costs soar.
Holland says 'hola' Carnival's Holland America Line deploys revamped vessel for premium South American voyages.
Farstad hat-trick Karl Johan Bakken-led owner bags possible $107m after fixing three AHTS units on term deals.
Jansen steps up Denmark's Nordic Tankers has new permanent CEO as deputy chairman Geir Jansen takes top job.
Yard clash Locals claim compensation payments for loss of land have stopped as construction workers get tough on new Hanjin site in Philippines.
Kivalina refloated Fednav bulker freed off Norway after grounding with 35,000 tonnes of aluminium oxide on board last week.
Dof does it again Helge Mogster-led owner fixes another offshore vessel in Brazil after bagging $83m three-year deal.
Spill fears grow Environmental group reports bunker oil pollution from grounded bulkers.
Bouncing back Rescue packages breathe life into shipping shares with Norwegian and Danish owners on the march.
NAT so bad Nordic American boss Herbjorn Hansson says tanker owner is in "very good position" in current bumpy market.
Rescue talks flop Embattled Svithoid Tankers to file for reorganisation after emergency meeting fails to fix liquidity crunch.
GS gone Hours after submitting final offer for Daewoo in tandem with Posco, Korean conglomerate pulls out citing "differences."
Greek ship seized Recently-purchased chemical unit becomes fourth Greek victim of Somali piracy.
Hapag-Lloyd sold Hamburg-led consortium triumphs in battle for German liner operator after NOL pulls out.
Place your bets After Hapag-Lloyd deal sealed, focus now switches to Daewoo sell-off as three rival groups submit final bids.
Yours for $0.19 Croatia agrees to sell yards for HRK 1 each, although buyers will have to cover debt and find investment cash.
'We want it all' Peter Berdowski-led Boskalis renews interest in Smit saying its official takeover bid will begin by early December.
Japan holds 26 Korea Express cargoship and International Shipping Partners cruiseship feature on September detention list.
Malta pay-out Government to pay damages of EUR 56,000 to worker left disabled by accident at Malta Shipbuilding.
Faina talks stall Pirates angry at choice of Somali intermediaries abandon talks on release of arms ship.
Boost for STX Korean yard's share price shoots up as it books two bulker newbuildings for $130m.
Give and take Carnival is cutting fuel surcharges in North America, but it is also jacking up prices from 2010.
Hot boxes Seattle firefighters douse smouldering containers on APL vessel after USCG alerted.
Family ties George Economou sells a third aframax tanker to OceanFreight, run by his nephew.
Dalnave detained Greek owner's bulker caught in US with oily-water separator bypass tops September list of detentions.
Svithoid Tankers applies for insolvent liquidation Stockholm-based Svithoid Tankers has not been able to secure the company's financing ' the Board of Directors in Svithoid Tankers AB has therefore decided to apply for insolvent liquidation. Until the final moments the company tried to file for a ...
Hapag-Lloyd remains in German hands The German container shipping operator Hapag-Lloyd will remain in German hands after Singapore-based NOL having backed from their offer and a German consortia have agreed to pay EUR 4.45 billion for the company. The consortia led by ...
IMO agrees on sulphur restrictions The Marine Environment Protection Committee (MEPC) in IMO has decided on a gradual reduction of the sulphur content in bunker fuel. The general limit of 4.5 per cent will be reduced to 3.5 per cent and in the ...
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