Piracy attacks rising in S-E Asian region, says report THERE were fewer piracy attacks in April compared to the previous year, but the number of incidents has been rising since January and more are taking place in the South-east Asian region, the ReCAAP Information Sharing Centre said in its April report.
Baltic index at 8-month high on demand The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose to an eight-month high last Friday, driven by Chinese demand for goods.
Container market to pick up by year-end: Maersk Container vessel chartering rates have probably hit bottom and the container ship chartering market is likely to pick up at the end of 2009, said the head of Maersk Broker, one of the world's largest shipbrokers.
Geodis Wilson opens temperature-controlled facility in Paris The forwarding specialist Geodis Wilson will open a new dedicated warehouse for pharmaceutical products at Charles de Gaulle airport in Paris on 3 June. The new facility is de...
Logwin reorganises road and rail and solutions divisions The board and executive committee of the Grevenmacher (Luxembourg)-based logistics enterprise Logwin AG have decided to meet the current challenges in the logistics market, caused ...
Asco enters Asia-Pacific market Asco, an Aberdeen (Scotland)-based oil and gas logistics specialist, has entered the Asia-Pacific market with the opening of a freight management operation in Singapore. Inter...
Gist continues relationship with Marks & Spencer The UK logistics service provider Gist has won a ten-year deal worth some GBP 2 billion with Marks & Spencer. The contract continues a 35-year relationship between the two fir...
DCT Gdansk wins two prestigious Pomeranian Griffin awards Having won both the Golden Giraffe and Amber Duck awards in 2008, the Polish container terminal DCT Gdansk added two Griffins to its menagerie in 2009. The Gryf Gospodarczy (Econom...
Rail investment can stimulate economic recovery The International Union of Railways (UIC) and the European Rail Industry (UNIFE), are present at the exhibition of the International Transport Forum that is currently taking p...
Shipping Australia concerned at recent maritime incidents "Recently there has been a spate of incidents with a barge going aground in Tasmania, a ship hitting a wharf and putting it out of commission in South Australia and then a tug...
CHKY alliance reorganises Hamburg-Far East services The CKYH alliance (Coscon, K-Line, Yang Ming and Hanjin Shipping) has reorganised its CNEU Far East service, and is now once again offering two independent sailings. At the end of ...
ITF-IRU workshop: Road transport can drive global economic recovery A joint ITF-IRU workshop concluded that road transport can be a key driver of global economic recovery, provided that governments worldwide promote and further facilitate...
Trans-Alpine multimodal railfreight traffic prices to fall The Swiss federal government will inject an additional CHF 50 million to support unaccompanied multimodal freight traffic across the Alps. The transport of containers and...
CSAV clinches rescue deal NEGOTIATIONS between Compania Sudamericana de Vapores and German shipowners over period rate reductions and a capital injection for the embattled carrier have been successful
Deal sealed for Polish yards THE DEAL to buy Gdynia and Szczecin shipyards has been signed between Poland and Stichting Particulier Fonds Greenrights, acting on behalf of the buyer, Liechtenstein-based United Investment Trust
Creditors reject Armada debt deal ARMADA'S creditors today rejected a scheme of proposal to restructure the troubled drybulk operator's debt repayments in a vote held in Singapore
Golar's great divide GOLAR LNG is spinning off its spot-trading and project development arm, the company announced today
500 rescued from blazing ro-pax OVER 500 passengers and crew were today evacuated from Italian ro-pax Vincenzo Florio after a fire broke out in its car hold, according to local port officials
Ore miners follow Rio's lead WESTERN Australian miner Mount Gibson Iron has taken Rio Tinto's lead and notified customers it will sell ore at the new Hamersley benchmark, an average 37% reduction on 2008 prices
Piracy bid busted A PIRATE attack on a Liberian-flagged ship in the Gulf of Aden has been thwarted by an Indian frigate, reports AFP
The next threat to the recovery: OPEC's success Slowly, but surely, the price of oil has been inching up; recovering from a low of USD32 per barrel in January to surge above USD66 in today's trading.
US 'Aaa' safe for now
Montreal has structural advantages
MOL America on the move
CSAV wins a financial lifeline
Mothballed box fleet stable; but off-hire nightmare looms
Missing the boat Norway's Arne Blystad has said thanks to $40.5m where he said no thanks to $87m last summer.
China game Brokers report that Chinese private buyers are continuing their dry-bulk tonnage moves.
Nobu grabs Belgium's Bocimar has sold another capesize in a week of rocketing charter rates.
Fredriksen flogs US-listed Knightsbridge Tankers Ltd is said to have sold its one spot-trading VLCC to Venezuela.
Busy at home Green Reefers' biggest shareholder Kristian Eidesvik has relieved Arnhild Odfjell in the chairman's seat.
Guilty in deaths Three men would have lived if Vroon Offshore had bought an oxygen meter, a UK judge found today.
Cotzias passes Piraeus shipbroker Nicolas J Cotzias died today in Athens, aged 80.
Dividend debate Analysts split on whether newbuilding cull will give Frontline enough cash to keep paying dividend this year.
Armada defeated Judicial manager set to take charge as insolvent charterer fails to win sufficient support for scheme of arrangement.
Boxship box office Kevin Spacey to produce Hollywood film on life and times of Maersk Alabama master Richard Phillips.
Flatline Another quarter with no revenue and growing losses for Malaysian tanker owner Nepline, which is in receivership.
Who dunnit? Indian statement sheds some light on discovery of two dead and four injured after failed hijacking off Somalia.
Home comfort Wilh Wilhelmsen mulling sale-and-leaseback of its head office to swell coffers in downturn.
Bulgarian battle Domestic owners Navibulgar and BRS vying for ferry contract to Russia.
OBO saved, 2 die Indian Navy steps in to foil pirate attack on laden Singapore-managed ship, two found dead in skiff.
It's quotes time Omar Nokta says it's time to take a chill pill over dry-bulk's ailments and Trico tussle gets even tastier.
Golar to split Spot LNG vessels and project development business to be spun off into separate company as Fredriksen-controlled owner restructures.
Casualty file Piracy in the Gulf of Aden once again heads our weekly webTV round but the multinational naval presence is producing a result.
Brokers buddy up Maersk Broker teams up with Berge of Spain in a dry-cargo commercial alliance.
Coal for China Jinzhou port forming joint venture to build a dry bulk terminal at its Liaoning province facility.
Seventh heaven Karl-Johan Bakken's Farstad will bring in $71m from series of long-term deals, with two anchor handlers swapping the North Sea for Australia.
Thai torment Malaysian boxship and bulker player blames interim loss on associated companies in Thailand.
Ferry blaze More than 500 passengers safely evacuated from Tirrenia ferry off Italy after fire breaks out in car hold.
Hearing hearing Two Washington State Ferries workers go to court over damage to their ears while working in engine rooms.
Still not happy Klaus Kjaerulff's Nordic Tankers says first quarter results are unsatisfactory as it warns of full year loss.
ITC edges up Frontline-owned VLCC player posts higher first quarter profit as interest costs fall.
John takes reins Tanker tycoon Fredriksen to try his hand at LNG as Golar boss Gary Smith quits to return to Australia.
Losses chopped Golar LNG benefits from interest swap value rises as its first quarter deficit falls.
NATS makes it six Newly acquired suezmax the latest Nordic American Tanker Shipping vessel to join Stena Bulk pool.
Dry reality check Jinhui puts dampers on dry-bulk rally, with banks and blue chip charterers under fire, as default payments boost its bottom line.
Close shave Ro-ro bashes quayside metres from Istanbul mansions after drifting in Bosporus strait.
CSAV gets bailout Chilean liner operator closes $710m deal with shipowners for much-needed refinancing package.
Escalation impossible when pirates already firing Philip Campbell, assistant naval attach' at the US Embassy in Athens, says the risk of escalating violence is unlikely if crews are armed. "They generally start the attack by shooting Read more
Two Swedish owner coasters blockaded in Denmark Two Swedish-owned coasters have been blockaded in Danish ports as a result of lack of payment to the crews. The Baltic Wind is lying alongside in Aabenraa in a
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