TUI's Q3 profit slumps 42% TUI AG, the German owner of Europe's largest travel company, reported a 42 per cent drop in third-quarter profit after paying a larger share of income to minority investors and spending money to combine tourism brands.
US shipping seeks slice of stimulus US SHIPPING is following insurance companies, banks and the auto industry in asking for a share of its planned economic stimulus package
UK frigate foils pirates again THE BRITISH frigate Cumberland, which is part of NATO's security force patrolling the Gulf of Aden, has foiled a pirate attack for the second time this week, CNN reported
Steel blip sharpens decline CRUDE steel production fell on the commodities markets by almost 9.5% from September to October, market sources have told Fairplay
Hapag rises above the gloom GERMAN container line Hapag-Lloyd is on track to increase its profitability this year despite a 20% decline in its third-quarter operating results year on year, its parent group TUI has declared
German shipping banks defy pinch GERMAN shipping banks have assured that it will take more than this global liquidity squeeze to close their books entirely for the year
Antarctic ship remains in limbo ARGENTINA has freed the Maltese-flagged passenger ship Lyubov Orlova to sail, but it is still at Ushuaia undergoing inspection by class surveyors
Drybulk carrier slashes dividend FREESEAS is the latest drybulk operator to announce a dividend cut in response to a radically altered business environment
LA, Long Beach delay clean-trucks fee Southern California ports delay Nov. 17 start of collection of $35-per-TEU clean-truck fee; no new collection start date announced.
G20 summit: dont waste the opportunity The Group of 20 (G20) world leaders have arrived in Washington ahead of this weekend's emergency summit to discuss solutions to the growing global financial crisis which is tipping the economic superpowers into a deep and painful recession. But the G20 nations - which represent about 90% of world economic output - must not shirk from the responsibility empowered upon them: to play a crucial role in repressing the financial tsunami which is threatening to escalate into a global human catastrophe.
Touax Group on the acquisition trail
Fesco box vessel attacked by Somali pirates: but RN shows its teeth
Vinalines buys A second owner under the Vinalines umbrella wades into the smaller bulker market with a handysize deal.
Seabee sells Despite a drop in value, Thenamaris appears to have made a profit on a handymax bulker sale.
NYSE warns TMM Decline in stock prices leads fourth shipping sector company to fall afoul of listing standards.
Activists strike Greenpeace claims to have briefly blocked chemical tankers carrying palm oil exports from Indonesia.
Stocks fall back US shipping shares erase some of the prior day's gains as fears over world trade grip investors.
Solvang scraps Norwegian owner's 1977-built LPG carrier Hera heads for the breakers' yard.
Deeper south CMA CGM continues moves into South America with new joint service with Hamburg Sud and Hapag Lloyd.
Bryde battered Nordic Tankers' stock racing after chairman fails to force through changes at stormy shareholder meeting.
New Year revival? In a week that that the Contex container index passed the half price point Thomas Rehder is hopeful that Chinese New Year will bring some relief.
Norden takes five Carsten Mortensen-led shipowner takes in former Brit Bulk quintet, now owned by a mysterious investor.
Lily in the lead Surge of votes from colleagues and compatriots gives Eletson entrant narrow lead in TradeWinds' Cartoon Capers contest.
Wilson Sons sinks Foreign exchange changes lead net income to plunge and future is "difficult to predict."
Awilco sells out Norwegian offshore firm surrenders OHL shares as Spencer closes in on full control.
Minus mark for UK Stormy weather for P&I club as it battles rating downgrade, operating loss, cash calls and potential loss of tonnage.
Yard scrap Korean foremen claim they were beaten by Filipino workers sick of rough treatment by Hanjin bosses.
Two go for JRB France's CFNR goes up against tycoon Zoran Drakulic in battle for Serbian river shipping company.
Boxship attack Fesco vessel comes under gunfire from pirate speedboat off Somalia, but no crew hurt.
Kansai cut Japanese ferry owner sees first half losses widen as revenues slump.
STX profit slashed South Korean shipbuilder sees third quarter bottom line cut in half but returns from its European unit save the day.
Green is red Norwegian reefer owner plunges to bigger nine-month loss on vessel write-downs.
One-horse race Todd Shipyards the only bidder for Washington State Ferries car ferry contract.
Costs hurt JES Chinese shipbuilder sees third quarter profits decline 18% largely due to increased material costs.
"Send in UN" India calls for a "blue-helmet" navy to defend Gulf of Aden after one of its ships was refused help by coalition forces.
Hapag higher German container line's volumes and rates rise in third quarter, and nine-month profit soars.
Swissco up Higher rates and larger fleet help lift third quarter profits at Singapore offshore operator.
FreeSeas slices Ion Varouxakis-led bulker owner FreeSeas is cutting its dividend to 50% of distributable cash flow.
Cairns cruise lift Australian state of Queensland to upgrade terminal ahead of growing number of ship visits.
Pittas cuts payout US-listed bulker and boxship owner's profits miss expectations as the company plans to reduce dividends.
FSG sold off Egon Oldendorff sells Flensburger Schiffbau-Gesellschaft (FSG) shipyard to management and investors.
British navy killed three pirates in the Gulf of Aden Three pirates were killed when trying to hijack the cargo vessel Powerful, 70,000 DWT, off Yemen in the Gulf of Aden last Tuesday. The British frigate Cumberland and its Russian collegue Neustrashimy tried to thwart the attack. The pirates then ...
Hurtigruten fights for its survival The debt-burdened Hurtigruten is negotiating with its banks concerning a financial rescue package. 'The content is not yet agreed, but it will likely involve a share issue', Hurtigruten informs the Oslo Stock Exchange. The company has presented a NOK ...
German yard sold The German shipowner and drybulk operator Egon Oldenforff sells the Flensburger Schiffbau-Gesellschaft (FSG) at an undisclosed price. According to TradeWinds a management buy-out has been confirmed involving chief executive Peter Sierk backed by investors. Egon Holdendorff has controlled ...
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