Baltic Dry Index surges on panamax rate hikes The Baltic Dry Index, a measure of shipping costs for commodities, gained last week on a record jump in rates to hire so-called panamax vessels to haul iron ore for making steel.
Arctic region poses greater risks Governments in the Arctic region are unprepared for an increase in accidents involving oil tankers or cruise ships that now have greater access to polar waters as sea ice shrinks, a new report said.
Lamprecht und Navis arbeiten zusammen Die beiden unabh'ngigen, familiengef'hrten Speditionsunternehmen Navis Schiffahrt- und Speditions AG in Hamburg und die Lamprecht Transport AG mit Sitz in Basel (Schweiz) haben per...
US cargo screening mandate The cargo screening mandate due to be implemented in the USA by February 2009 will apply to domestic passenger and international inbound cargo, according to the Transportation...
European parliament lists IMO's 'weaknesses' LONDON-based United Nations body lacks the power to apply its own rules, says report.
Waiting for IMO decision on CO2 is like 'waiting for Godot', says EC chief
Asia-Europe services cut by a quarter GRAND Alliance's EU5 service is latest string to be removed as recession takes toll on world trade.
Banks court Brave over bulker management MANAGEMENT of distressed bulk carriers could be a new source of activity for the Vafias family's Brave Maritime.
Alliance reacts to slide with slash GRAND Alliance members Hapag-Lloyd, MISC Berhad, NYK Line and OOCL today suspended their Europe/Asia route
Turn of the screw at Wärtsilä FINNISH power system supplier Wärtsilä announced today that '800M ($1Bn) of its total orderbook of €6
As Japan slumps, MOL drops forecast MITSUI OSK Lines today cut its economic forecast for its fiscal year ending 31 March, as Japan revealed a 9.6% drop in December industrial output
DryShips settles with Fednav DRYSHIPS has resolved its dispute with Fednav ' but has cut its growth prospects for this year even further in the process
Santos box profits nearly halved PROFITS at South America's biggest box terminal operator, Santos Brasil, were nearly cut in half last year, the company reported
ABG earnings up 54.3% in India ABG SHIPYARD, India's largest private sector shipbuilding company, has reported a 54.3% increase in earnings
Horizon reports sharp reversal JONES Act container carrier Horizon Lines, hit by falling volumes, has declined to offer specific earnings guidance for a "very challenging" 2009
Ex-Sea Star executive: I followed orders Convicted executive claims he participated in Jones Act price-fixing scheme under orders from official at Saltchuk Resources, part-owner of Sea Star
APL restructures US offices
FMC wants more TSA info
Horizon Lines posts Q4 loss
NYK Line earnings hit hard
Grand Alliance lines suspend Asia-Europe loop
Lufthansa to cut hours
Houston tabs new port chief
Alitalia cargo gets offer
MOL cuts guidance after profits fall in latest quarter
South Korea still the biggest shipbuilder South Korea keeps the first place among the worlds ship building nations, a position the nation has had since 2003. With a total of 67.7 million CGT in its
Cancellations worth EUR 333 million During the financial year 2008, Wärtsilä records cancelled orders with a total value of EUR 333 million mainly within the ship power segment due to the economic crisis in the
Plea for no Panama transit fee increase The financial crisis has made a number of shipowner associations to write to the Panama Canal Authorities (ACP) and ask for the coming transit fee increases to be frozen. This
Nordic Ferry Services will run the Bornholm traffic The Danish Trafikstyrelsen has awarded Nordic Ferry Services A/S the contract for the ferry service to Bornholm, for the period from September 1, 2011, to August 31, 2017. Nordic
Pirates hit German LPG carrier German LPG-carrier Longchamp, 4, 316 DWT, has been hi-jacked by pirates in the Gulf of Aden although the vessel had a naval escort. The vessel's 13 crew members
Coral Sea chief officer dies Konstantin Metelev, chief officer on the Coral Sea has died at home in Lithuania. Metelev was jailed, together with the Coral Sea master and bosun by Greek authorities after a
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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