Kuehne & Nagel reports 13% jump in Q2 earnings Kuehne & Nagel International, the world's largest sea-freight forwarder, said second-quarter profit rose 13 per cent, boosted by more sea shipments.
Russian billionaire increases stake in TUI to 15.03% Russian billionaire Alexei Mordashov has increased his stake in TUI, one of the leading European travel and shipping groups, to 15.03 per cent, a statement to the stock market said yesterday.
Tanker rates may climb on August demand gain The cost of shipping Middle East crude to Asia, the world's busiest route for supertankers, may advance because oil companies are taking longer to hire next month's ships, potentially leading to a demand surge.
DryShips closes $1.13bn of financing for drillships THE credit facility arranged by Deutsche Bank and Dexia Credit is for the two vessels being built by Samsung Heavy.
Royal Caribbean axes 400 Royal Caribbean Cruises has announced a massive lay-off of 400 shoreside staffers as part of a $125M/year cost-cutting plan
Dolly forces Mexican oil terminal to close PEMEX has closed one of its export terminals on the Gulf of Mexico as Tropical Storm Dolly enters the Gulf, having passed over the eastern tip of Mexico's Yucatan Peninsula
Mideast oil production surge seen MORE OIL is being lifted from the Middle East because of an upsurge in production, the Centre for Global Energy has said in London
Crew rescued from drifting ship NINETEEN crew have been rescued from a drifting vessel off by Western coalition forces from CTF 150, which patrols the waters from Pakistan to the Horn of Africa
UPDATE: PMA says union targeting ships, terminals during contract negotiations Sides trade charges, barbs as teams of negotiators continue to work toward a new labor contract for West Coast ports.
O.W. Bunker announces new recruits for training programme International training programme reflects 'importance of bunkering within business'.
Russia's Baltic oil product exports mostly up Statistics show rise in oil product shipments via two ports, but decline in one port in the region.
Global bunker market report
MARPOL sulphur testing 'could have far-reaching implications' Call to bring commercial test procedures into line with IMO sulphur verification protocol.
Singapore investigation 'damaging' industry Bunker suppliers 'scale down deliveries' as probe into alleged malpractices continues.
Rotterdam market very quiet
Singapore bunker prices extend losses Bunker prices in Hong Kong also fall for the fourth consecutive day.
South Korean prices to ease as SK returns Bunker prices are expected to decline to 'levels closer to Singapore', trader says.
Flag state system will compromise emissions reduction More than a quarter of global tonnage unaccounted for in emissions targets.
Cold ironing at German port next month Lübeck is Germany's most progressive environmental port project to date.
Singapore supplier to expand in Fujairah Supplier will bring second bunker tanker to Fujairah.
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