Somali piracy may cost Egypt dearly For nearly 140 years, it has been a vital shortcut between East and West, cutting days off the time ships must travel from Asia to Europe or America.
Delivery times and cost of goods driven up Piracy off Somalia is driving up delivery times for goods and resources and could tighten inventories of vital commodities, ship industry sources said.
Spotlight on China maritime industry at Sea Asia CHINA'S maritime industry will be in the spotlight at Sea Asia 2009, a regional maritime show scheduled to take place in Singapore next April.
Cargill snaps up capesize for $1,000 per day DIRE conditions in the capesize market lead to commodities giant fixing relet vessel at extremely low time charter rate.
It's going to get bloody, says Pacific Carriers
Chinese yards expect owners to re-negotiate orders REQUESTS to alter ship types and agreed prices on existing orders are expected as the shipping industry deteriorates.
Nordea boss warns on dry bulk newbuild defaults SHIPPING banker Carl Steen says many owners with loan commitments may not be in compliance with their agreements.
Flood could close Brazil port for months IT COULD months rather than days before operations get back to normal at the flood-hit Brazilian ports, devastated by floods and rainfall this weekend, Fairplay learned today
GL hails radical redesigns GERMANISCHER Lloyd said today a radical redesign of newbuildings should shepherd that market through the credit crunch
Ore fall scuppers Oz port project IMPROVEMENTS to the Territory Resources facilities in Darwin have been dropped after the slide in iron ore spot prices hit the company's finances and drove its share price down
Evergreen Line cutting capacity by merging east-west container services Line will merge Asia-Europe, Asia -United States services into one pendulum service with eastbound, westbound legs
Vancouver port plans big spending for expansion
Nordea Bank calls its shipping exposure "modest"
S&P downgrades CMA CGM
Weekly increase for container, trailer rail freight
Norwegian shipping company buys British bulker bargains The Norwegian shipping company Viken Shipping confirms that it has bought five bulk carriers from the bankrupt shipping company Britannia Bulk, Lloyds List reports. The price for the five vessels is not disclosed but according to brokers, Viken Shipping paid ...
Yemeni ship captured Somali pirates has seized a Yemeni bulk ship loaded with 507 ton of steel. The vessel was captured off Somalia and has now been brought to the coast for ransom negotiations, reports several international news sites. According to Lloyd's List ...
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