Daewoo's Q4 profit jumps fivefold Daewoo Shipbuilding & Marine Engineering Co, the world's third-largest shipyard, said fourth-quarter profit jumped more than fivefold to a record after building more vessels at higher prices.
Mitsui OSK rises after Baltic index gains Mitsui OSK Lines Ltd, operator of Japan's largest fleet of iron-ore ships, rose on the Tokyo Stock Exchange after the Baltic index of prices for shipping commodities rose for a ninth day.
2009 a year of hard work, says D'Amico D'Amico International Shipping SA, the oil tanker company whose clients include Exxon Mobil Corp and BP plc, sees a 'challenging' 2009 and may make acquisitions as asset prices fall, chief executive officer Marco Fiori said.
DHL launches real-time tracking in Asia-Pacific03/02/09
SAS and Finnair to merge? SAS and Finnair, the two largest North European airlines, are apparently considering a merger. The Danish business paper "Börsen" has reported that, in the light of a looming takeo...
Spanair now sold The sale of the ailing Spanish airline Spanair has now been completed. A consortium that includes Catalonia's regional government, the city of Barcelona and several private investo...
Paul Günther AG leases out cool trailers Hamburg-based German leasing company Paul Günther AG recently began leasing air conditioned trailers to logistics companies. The specialist has ordered 90 state-of-the-art vehicles...
Easyrail launches Germany-Austria blocktrains The Austrian container operator Easyrail started a regular blocktrain for maritime consignments from Hamburg and Bremerhaven (both Germany) to Vienna and Enns (both Austria) in Jan...
Shipowners press for UK light dues public inquiry BRITISH and foreign shipowners are complaining as they mount a fresh attack on light dues that are about to be increased
Due for renewal: Trinity House to increase fees
Nordic Tankers board declare company 'bankrupt' BOARD of directors and top management resign ahead of shareholders meet aimed at ousting them
Boskalis raises stake in Smit MOVE fuels speculation that it could make another offer for the Rotterdam salvage, terminals and towage group
Record sentence for Sea Star exec FORMER Sea Star senior VP Peter Baci was sentenced Friday to four years in prison for his role in the Jones Act collusion conspiracy
Panama won't relent on tolls THE PANAMA Canal Authority will press ahead with toll increases despite an urgent plea by shipping groups
Nordic Tankers 'bankrupt' NORDIC Tankers says it is technically bankrupt and that its board and two senior executives have resigned following a disagreement with Scandinavian banking group Nordea
India-Europe box rates plummet FREIGHT rates for shipping containers from Indian ports to Europe have fallen by as much as 50% in the last month, industry sources said today
Tinto selloff to impact shipping RIO TINTO'S decision to sell South American assets in Brazil and Argentina could have an impact on the region's maritime players
CPSC delays parts of import safety rules Consumer Product Safety Commission will delay for one year certain lab testing requirements in the Consumer Product Safety Improvement Act
Blizzard snarls UK transport
Eurogate tops 14M TEUs
Pricing drags Hub profit
Canadian National ties up buy of Chicago rail lines
Profits collapse at Yusen
NYKCool CEO steps down
Boskalis ups Smit stake
Ex-Sea Star executive claims he acted under orders
Falling volumes for Scandlines in 2008 Scandlines reports, for the first time, decreasing volumes on their nine services in the Baltic area. A combination of higher bunker prices and the financial downturn in general lies behind
Just two shipping shares left on the Stockholm Exchange 27 February is the last day for trading of the Broström share on the Stockholm Exchange. After that date, there will be only two shipping shares trading on the Stockholm
Steen Bryde leaves with harsh attack on Nordea Bank The management and board of directors in Nordic Tankers A/S left their positions on early Monday, shortly before the extra ordinary general assembly. The company has for some weeks
Italy to send a frigate to Somalia The Italian Government announces that it will send a frigate and a crew of 114 to Somalia, to be deployed in the EU anti-piracy operation Atalanta, reports Lloyd's List
Sweden will not prosecute pirates According to a government bill, pirates detained by the Swedish navy will not be put on trial in Sweden. The Swedish navy will join the EU anti-piracy operation Atalanta
IMO in new pirate measures 17 States from the Western Indian Ocean, Gulf of Aden and Red Sea areas, convened by IMO, have adopted a new Code of Conduct targeting the flourishing piracy of Somalia
Four years in prison for antitrust conspiracy Peter Baci, former high-level shipping executive in a non-named shipping company has been sentenced to four years imprisonment and a criminal fine of USD 20,000 for his role
French aircraft carrier recycled in UK The French aircraft carrier Le Clemenceau will be recycled in the UK after having being turned away from docks in India, Turkey and Greece because of all toxic materials on
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
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