Arab anti-piracy force proposed Arab states of the Gulf and Red Sea said on Monday that they are planning a joint anti-piracy force, insisting defence of the crucial Red Sea waterway was the 'primary responsibility' of littoral states.
Strait Talk
Bad times call for better ship safety checks THE International Maritime Organization (IMO) has once again urged carriers not to compromise on ship safety as a way to deal with the current downturn.
Arab anti-piracy force proposed Arab states of the Gulf and Red Sea said on Monday that they are planning a joint anti-piracy force, insisting defence of the crucial Red Sea waterway was the 'primary responsibility' of littoral states.
Strait Talk
Bad times call for better ship safety checks THE International Maritime Organization (IMO) has once again urged carriers not to compromise on ship safety as a way to deal with the current downturn.
Port of Marseille's head office under attack Yesterday morning (29 June), more than 40 men, a large number of whom were masked and carrying iron bars or axes, attacked the offices of Marseille's port authority. The port's dir...
Rhenus building logistics centre for John Deere Rhenus AG, one of Europe's leading service providers, is having a new logistics centre built in Mannheim (Germany). It is destined for the use of John Deere (JD), the world's large...
SDV International Logistics creates SDV Pakistan SDV International Logistics has teamed up with the Worldwide Logistics Ltd Group, which is involved in various transport-related activities (air freight, airline representatio...
New standard for damage incurred to vehicles during transportation AIAG and ECG (European Car Transport Interest Group) recently rolled out a new global standard to report damage incurred to vehicles during the transportation process. Collabo...
Correction The French transport and logistics group Norbert Dentressangle is to sell its 15.1% stake in Novatrans, not Novotrans, as was mistakenly reported here yesterday.
Ashland Inc agrees to sell its marine services business Ashland Inc has signed a definitive agreement to sell its global marine services business, known for many years as Drew Marine, to J. F. Lehman & Co, in a transaction valued at app...
Northern expansion of port of Brake opens for business The "Medum", belonging to the Leer (Germany)-based shipping line Briese, recently called at the northern expansion of the port of Brake (Germany), marking the launch of o...
Qantas cancels Dreamliner order The Australian carrier Qantas has announced the cancellation of an order for 15 B787 planes. It is also delaying the delivery of another 15 until 2010-2013. Qantas initially p...
Ivo Romani is new financial director of Ceva Brasil Ceva Logistics has hired Ivo Romani as the new administrative and financial director of Ceva Brazil. Before his arrival, this position was held by John Durgan, who will n...
Slovak airline in trouble The Slovakian carrier SkyEurope Airlines has obtained the local equivalent of Chapter 11 protection and continues to fly. Listed on the Vienna stock exchange, the company...
Cosco hits out at dominance of iron ore giants GLOBAL dominance of Vale, BHP Billiton and Rio Tinto "could be very harmful to the industry".
China ore demand ties up one fifth of capesize fleet
Questions raised over sustainability of dry bulk rally FREIGHT rates recovery likened to "a condemned man on death row who has had a quite unexpected reprieve".
Belgium refuses request to arm Belgian ship COUNTRY turns down request from vessel transiting Gulf of Aden as it was sailing under foreign flag.
US energy groups to merge TEPPCO and Enterprise Product Partners have decided to merge, which would consolidate their significant US-based terminal, storage and tank-barge assets
Singapore takes over terminal SINGAPORE'S government has taken over development and ownership of the country's first LNG import terminal
Germany's BLG cuts staff hours GERMANY'S BLG Logistics will reportedly make further cuts to staff hours at ro-ro terminals due to a drop in shipments
Top axes 4 bareboat charters TOP SHIPS has terminated its four remaining bareboat charters and will pay a termination fee of $11.75M
Top faces 'going concern' issue THE ANNUAL filing from Top Ships includes new disclosures on lender pressures and questions on whether the company can maintain 'going concern' status
Poland, Qatar sign LNG deal POLAND and Qatar have signed a contract for the delivery of LNG to the new terminal in the northwest Polish port of Swinoujscie
Liberian vessels face stricter law A CHANGE in Liberian law, which it adopted to instil confidence in lenders and investors, makes it easier for ships to be arrested
Power of three Analyst lifts OceanFreight's profit estimates after owner buys a capesize and says it has the ability to buy three more.
Siem gets busy Norwegian shipowner unveils NOK 1bn private placement as it snares former Solstad AHTS hull.
Globus sells George Karageorgiou-led bulker owner books $4.2m loss from the sale of the handymax Gulf Globe.
Barger rating hit Morgan Keegan downgrades American Commercial Lines to 'market perform' as barge market weakens.
Down but not out Hamburg shipbrokers mull panamax containership index to augment struggling ConTex.
SKS Trinity saves OBO plucks 10 refugees out of the waters off Spain, although one does not survive.
$21m for Keppel Singapore-based shipyard group Keppel Marine & Offshore to upgrade and repair three semi-submersible rigs.
Cido sells four South Korean owner offloads four boxships, including two unemployed vessels, in $80m deal, brokers say
K-Line pair sold Cyprus Maritime of Greece picks up two boxships from Japanese giant in $15m swoop, brokers say.
DP World cut Port giant one of three government-owned businesses to have rating sliced by Standard & Poor's.
Seismic failure Scan Geophysical pushed to bankruptcy by newbuilding delays and slumping market.
Bye bye BW Singapore-owned BW Gas leaving Oslo exchange on Tuesday as Sohmen-Pao family takes it private.
Mission switch Italian vessel fighting pirates off Somalia diverted to scene of Yemeni air crash off Comoros.
Thai team Raymond Goh's Swiber links up with CUEL in Bangkok-based shipowning joint venture.
No excuses Green shipping group EGCSA urges no delays to new cleaner bunker regulations.
Near misses Canadian government reports five close shaves for BC Ferries ships last year.
Big deficit Vietnam's Shinpetrol expecting sizeable loss in first half after merger with sister state-owned firms.
Tankers top Buyers in Bangladesh and India willing to pay $300 per ldt for the right demolition tonnage.
Confidence boost Shipping Industry in more upbeat mood this quarter, but still less than half are banking on a rise in dry-cargo rates this year, survey says.
TOP terminates Evangelos Pistiolis-led tanker and bulker owner has handed back four handymax tankers.
First gear Japanese giant MOL gets toehold in Indian car export market with Nissan deal.
Chennai: 'Yes' Indian port to allow controversial Sri Lanka aid ship to discharge cargo destined for Tamils.
Workers walk More than 600 staff at Bulgaria's Rousse Shipyard strike over unpaid wages.
Kite rescue Crew member airlifted to hospital by USCG from Eagle Bulk ship in Gulf of Mexico.
Interesting ExxonMobil to pay interest of $470m on $507.5m fine for Exxon Valdez oil spill.
Ports lowered Moody's has changed its outlook for US ports to 'negative' due to the global economic slowdown.
LD dumps Dieppe French ferry line scraps new run from Dover due to lack of demand.
Laker grounds No damage reported as John D Leitch gets stuck in Welland Canal after thruster fails.
Aries offloads US-listed shipowner Aries Maritime Transport has disposed of its containership Ocean Hope.
Rowan resumes US drilling company resumes work on rig newbuilding that was suspended due two credit woes.
Shipping confidence slightly up Overall confidence levels in the shipping industry have shown a slight improvement over the past three months ' up from 5.4 in the previous survey in February to 5.5
Scan Geophysical files for bankruptcy The Norwegian seismic company Scan Geophysical has filed for bankruptcy after its financial restructuring failed. The parties concerned negotiated for several weeks but the negotiations came to a deadlock as
Dof cancels ROV vessel The subsea service specialist Dof Subsea has cancelled one of three ROV vessels (Remote Operated Vehicle) under construction at Tebma Shipyard, India. The vessel's price tag is USD 45'50
Rolls-Royce invests in Odim Rolls-Royce has bought 33 per cent of the shares in the technology company Odim from Aker Solutions ASA for approximately NOK 700 million. The agreement is conditional on the
Sovcomflot and Shell in LNG alliance Shell and Russian Sovcomflot has signed a General Cooperation Agreement ' the two companies will cooperate in potential LNG shipping projects in Russia, including the Arctic region. The agreement includes, among
Oslo district court decides in favour of shipowners Last Friday, the district court in Oslo found that BW Gas and Farstad Shipping were right when they claimed that the transition rule in the new system of taxation for
New Coast Guard vessel to Göteborg on 7 July The Swedish Coast Guard's new combination vessel KBV1 Poseidon will call at Göteborg on 7 July. At present, the vessel is in Rotterdam for some supplementary work. The vessel was
Last unit in Karelia series launched On 26 June, Onega Shipbuilding Yard launched the last vessel in a series ordered by White Sea and Onega Shipping Company. The twelfth vessel in the Karelia series was named
Bunker prices rebound in Europe Crude oil showing losses on early trading.
Bunker player included in new maritime index Series of stock market maritime indices launched by US-based Capital Link.
Product change at Dammam Straight run fuel oil will be replaced by cracked fuel oil.
Coastal traffic 'should switch to LNG' European research institute says liquid natural gas is becoming a viable alternative to conventional bunker fuel.
EGCSA slams INTERTANKO's call for delay of EU sulphur caps Scrubber association says there are 'no excuses' for postponing EU's 2010 0.1% sulphur limit.
Terminal to be linked to new jetties Chemoil gives more details of its Fujairah storage joint venture.
Bunkers surge on crude oil gains Singapore, Hong Kong prices highest since mid-October.
Chemoil moves into Mumbai, Chennai Sees potential for India to sell about 23-24 million mt of bunkers per year by 2011-2012.
IEA forecasts lower oil demand growth Oil consumption will fall this year, the fastest decline since the early 1980s.
Sri Lanka bunker prices close gap with Singapore Sri Lankan supplier targets growth as bunker prices become more competitive.
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