Hyundai Heavy stock falls 9.6% Hyundai Heavy Industries Co, the world's largest shipyard, tumbled the most in eight months in Seoul trading after CMA CGM said it may cancel vessel orders as part of attempts to avoid collapse.
Neftech, SSC team up to market fuel-saving technology Neftech yesterday sealed an exclusive marketing deal with Singapore Shipping Corporation (SSC) to push its fuel-saving technology to 10 selected shipping lines.
EU looking for aviation CO2 cuts The European Union is looking for aviation to cut its carbon emissions to 10% below 2005 levels over the next ten years. The EU is expected to propose this measure as well as a 20%...
CMA CGM worried about finances The French shipping group CMA-CGM has announced that it will establish a steering committee that is dedicated to finding measures to guarantee the group's financial requirements, s...
Intership Navigation and Athena Marine receive quality award The Cyprus-based shipowning companies Intership Navigation (ISN) and Athena Marine have received the "GL Excellence - 5 Stars" certificate from the German classification society Ge...
MOL establishes company to operate container terminal in Vietnam The Tokyo (Japan)-based shipping company Mitsui O.S.K. Line has received approval from the government of Vietnam to establish a new joint terminal operation company that will ...
TNT increasing express capacities between Europe and Asia TNT is enhancing its service capacity between China and Europe with the addition of a new dedicated B747-400ER freighter. Non-stop flights will operate between Hong Kong and TNT's ...
JAL offers free transportation to support relief efforts in Philippines Japan Airlines (JAL) has extended its condolences to those affected by typhoon Ketsana that recently hit the Philippines. The Japanese airline will provide free transport of relief...
Air Cargo Germany granted permit to fly to China The Hahn-based German airline ACG Air Cargo Germany, which entered the market two months ago, has received a permit to operate scheduled flights to Hong Kong and Shanghai ...
Crew face criminal case after Full City grounding TWO seafarers waiting to hear if they will be forced to stay in Norway until a court trial next year.
Korean yards hit by CMA CGM cancellations SHIPYARDS reel as line says it is seeking to cancel newbuildings and delay deliveries.
Berlin delays Hapag decision GERMANY'S parliamentary budget committee startled shareholders of Hapag-Lloyd today by postponing a decision on a loan guarantee from the government
Second tsunami alert cancelled TSUNAMI warnings were cancelled today in the Pacific despite two huge ' but widely separated ' earthquakes and their aftershocks
DNV does business with China NORWAY'S class society DNV has signed a deal with the Chinese, hailing it as the start of a close relationship
Paragon concludes equity sale PARAGON Shipping today completed its most recent 'controlled equity offering', raising $41.1M to fund future vessel acquisitions
Odim wins money-spinning deal NORWAY'S offshore equipment company Odim has won a tidy £25M contract to build a rig in the North Sea
OMG police ruled 'illegal' A SIX-HOUR police raid on the offices of Oslo Marine Group in Russia was illegal, a St Petersburg court has ruled
Estonia wants to be more attractive to shipping companies Two parallel Estonian reports concerning Estonia's new shipping police have now been presented. The reports look at how the legislation can be developed and what is needed to persuade shipping
Arctic Sea on her way to the Mediterranean The Arctic Sea is on her way to the Mediterranean, assisted by the Russian warship Ladny. Solchart Management, which is responsible for the technical and commercial management of the Arctic
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