Genco shielded from slide in spot rates The recent slide in the Baltic Drybulk index, which measures spot freight rates, does not imply a risk to revenue at Genco Shipping & Trading Ltd as most of its revenue comes from long-term charter contracts whose prices are fixed in advance, a top official said.
Freight Links builds $45m chem hub Homegrown integrated logistics provider Freight Links Express Holdings has invested in a new $45 million chemical hub in Penjuru Lane for storing chemical and dangerous goods.
Shipping unites in 'crisis call' to Mitropoulos for piracy action BIMCO, Intercargo and Intertanko among signatories urging IMO head to press United Nations for 'forceful' naval support.
New call for action on Somali piracy
Jiangsu Shagang accuses Vale of iron ore go-slow CHINA's largest privately owned steelmaker says loading slowdown is delaying Chinese vessel.
ABS chief slams Brussels over class clampdown ROBERT Somerville says prolonged campaign against class will erode safety at sea.
Carnival assures on Europe CARNIVAL Corporation remains confident that it will see good returns on its huge increase in European capacity, despite a slowdown in European economies
European cruise yards 'volatile' CARNIVAL chairman Micky Arison cited turbulence in the European cruise building sector, while noting that newbuild decisions can't simply hinge on improving dollar-euro rates
Owners reconsidering Aden transit ATTACKS on merchant shipping in the Gulf of Aden have prompted shipping companies to consider deviating via the Cape of Good Hope on Mid East-Europe routes, it was claimed today
Rosyth-Zeebrugge service revived NORFOLKLINE is to take on the ferry link between Rosyth, Scotland, and Zeebrugge, Belgium
Enterprise demolition blocked DHAKA High Court has stayed the beaching and demolition of oil tanker Enterprise in Bangladesh
Sovcomflot posts record first half SOVCOMFLOT has posted record results for the first half of the year despite significantly higher operating costs
Carnival dampens outlook CARNIVAL Corporation's profits fell $44M in the third quarter and forward bookings are weakening
Port of LA-Long Beach, truckers file legal arguments in clean-trucks appeal The Southern California ports say they need to stick to schedule for implementing the clean-trucks concession plan on October 1.
AIG bailout won't affect Ports America, says CEO
Houston port re-opens
FedEx earnings fall 22%
Panama Canal cargo volume expected to be flat in 2008
Rail freight off again
Shippers call for elimination of antitrust immunity
Absalon captures 10 pirates in the Gulf of Aden The Danish frigate Absalon seized two speed boats in the Gulf of Aden yesterday. The boats and their crew of ten persons are now in custody on board Absalon, where the Danes are trying to identify them. The two boats ...
Helcom identifed seven illegal discharges of oil At Helcom's CEPCO North 2008 aerial surveillance flights, which were conducted on 16-17 September over the north-eastern parts of the Baltic Sea, seven illegal discharges of oil were detected. The total amount of oil in all detected slicks has ...
Ship's emissions could be cut by 90 per cent The international environmental foundation Bellona and five other environmental NGO's have jointly published a report, entitled "Air Pollution From Ships," discussing emissions, health effects, regulatory regimens ' and the potential for improvement. The report shows that the technical and regulatory means ...
Carnival: Q3 profits hit as fuel prices increase 77% Bunker prices hit bottom line but cruise line says forecasted fuel prices are lower than previously expected.
Russian bunker supplier to invest $220 million Gazpromneft to build two new terminals and rebuild another.
More ex-pipe closures in Durban Port's spot market supply remains uncertain after unusual straight-run fuel parcel sells out.
Asian bunker prices firming Singapore prices for 380 cst up by $12.
Rotterdam firm following crude gains
Investment bank still trading in fuel oil swaps But reports says Morgan Stanley brokers in Singapore are not posting bids via trading window.
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