China prepares warships to fight Somalia piracy China is preparing to send warships to fight rampant piracy off the coast of Somalia, the government said yesterday, a day after one of its commercial vessels foiled an attack near the African state.
Baltic Index posts 8th straight rise The Baltic Dry Index, a measure of shipping costs for commodities, posted an eighth consecutive advance on Chinese demand for iron ore to make steel.
TSA warns Pacific price war could cripple lines COLLAPSING transpacific freight rates are wrecking the bottom lines of every containership operator serving that trade.
Transpacific box rates cut as US demand falls
Aponte predicts positive year ahead for MSC Cruises GIANLUIGI Aponte expects MSC's cruise operation to turn in a banner performance next year, despite the economic downturn.
German owners revive loss-of-hire help scheme MUTUAL support programme will provide financial compensation for those with temporarily unemployed tonnage.
Jealous heart shut river JEALOUSY was the root cause of the July collision that spawned a massive oil spill and closed the Mississippi River for days
Carnival: cruise failures possible CARNIVAL believes opportunities could arise in 2009 if competitors with weaker balance sheets lose their struggle with serious booking and finance challenges
Moscow sidesteps OPEC cut RUSSIA kept its observer's status at yesterday's OPEC summit but did not take the membership seat that was hinted at by the Kremlin last week
Obama picks LaHood for transport REPUBLICAN Congressman Ray LaHood is President-Elect Barack Obama's choice for transportation secretary ' a pick that has industry insiders wondering what it means for shipping
Peru gears up its ailing ports THE PERUVIAN government published an emergency decree today giving the go-ahead to a raft of concessions for the ports of Paita, San Martin in Pisco, Salaverry in Pucallpa, Iquitos and Yurimaguas
Maersk Line to leave Port of Charleston Carrier will transfer calls over next two years after ILA locals refused to allow terminal work to be transferred to non-union state workers
FMC's Brennan: Don't delay LA-LB truck program
CMA CGM ratings cut
LaHood to lead DOT
FedEx cuts costs as quarterly earnings weaken
Port of Tampa approves container terminal expansion
World Bank chief warns Asia on protectionism
Hub cuts profit outlook
New cranes for New Orleans
FMC request will delay ports' clean-trucks fee to 2009
Bulk carrier owners sue mining company for USD 135 million At least five bulk carrier owners have filed lawsuits against Australian Fortescue for a total of USD 135 million, after the mining company's announcement that it will cancel charter parties due to unforeseen circumstances. Many of the charters were fixed ...
NYK cuts ship spending The Japanese shipping giant NYK Line will reduce spending on new ships by about 15 per cent for the next three years. NYK had previously planned to invest USD 13.5'14.7 billion in expanding its fleet, this includes ...
Ports of Stockholm and HPH sign agreement The Ports of Stockholm and Hong Kong-based Hutchison Port Holdings (HPH) jointly signed a concession agreement yesterday that grants HPH the right to operate the container terminal in Stockholm Free Port from March 1, 2009. The 25-year agreement ...
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