SembMarine bags vessel servicing deal SEMBCORP Marine is building on its reputation in the repair and maintenance of liquefied natural gas (LNG) carriers by signing a contract with BG LNG Services.
Aeroflot Cargo to increase frequencies to Asia Russian all-cargo carrier Aeroflot Cargo is increasing its full-freighter frequencies to Asia this summer. Flights to Hong Kong have been increased from two to three a week, with t...
SkyTeam introducing innovations SkyTeam, the airline alliance led by the Air France-KLM group, has announced new initiatives that include a new alliance organisation, a new managing director, a new fare pass, a t...
Mondia Charleroi and Mondia Logistics rebranded under NYK Logistics label Mondia Logistics' activities were integrated into those of its sister company Mondia Charleroi with effect from 1 April. The new structure will be renamed NYK Logistics (Charleroi)...
Fiat Powertrain appoints Ceva Logistics in Italy Fiat Powertrain Technologies (FPT) has appointed logistics service provider Ceva Logistics to manage inbound logistics at its plant and at an external warehouse in Pratola Serra. T...
Gruber Logistics opens new Cologne branch The Italian transport enterprise Gruber Logistics, which is headquartered in Auer near Bozen in South Tyrol, is opening a new branch in Cologne (Germany). It already has 15 Europea...
CMA CGM leading container line serving Ukraine Ukraine's national maritime rating agency has said that CMA CGM was the leading maritime container line serving the country's ports in 2008. It commanded a 14.3% share of all boxes...
Hercules Beta research project accepted by EU The European Commission recently accepted a proposal for the Hercules Beta research project, a cooperative marine engine research and development project supported by the European ...
Evergreen establishes own South African agency The Evergreen Group from Taiwan has recognised the potential of the South African market and its strategic location and has founded its own liner agency company in Johannesburg, in...
Hamburg Süd adds additional Philadelphia calls Hamburg Süd is set to reorganise its Trident service into two separate services, both of which will call directly in Philadelphia. Hamburg Süd and Maersk will operate nine 2,800 te...
New management structure at Rittmann International Swissprofessionalmedia AG has reorganised the management of Rittmann International, the publisher of ITJ Logistics Worldwide, the only trilingual transport trade journal, effective...
Truck tolls postponed in Latvia Latvia's new minister of transport, Kaspars Gerhards, has announced that the introduction of the eurovignette for HGVs of over 12t will take place in 2011, instead of in 2010. The ...
Jones Act jv disintegrates US Shipping Partners' financial crisis has left an order for nine Jones Act product tankers at San Diego yard NASSCO in disarray
FMC allays deregulation fears BOX TRADES to and from the US will be spared ' for now ' from the far-reaching regulatory changes witnessed in the European trades, the CI Global Liner Shipping Conference heard today in London
'K' Line to cut vehicle carriers 'K' LINE has decided to cut 17 vehicle carriers out of its fleet in reaction to the fall of freight volume caused by the recession
Top Ships breaches covenants TOP SHIPS turned a profit in its fourth quarter, but revealed today that it is in breach of several loan covenants
Samsun wards off arrest threat A POTENTIALLY serious risk to Samsun Logix's restructuring has been resolved, a creditor's attorney told Fairplay today
NYK-owned fruit company bust AN NYK-owned perishables logistics company has reportedly gone into administration
Stolt profits slashed STOLT-NIELSEN'S first-quarter results, released today, reflect the impact of the global recession in that virtually all segments of its business posted reduced profits
US tanker row US Shipping delays earnings after Blackstone pushes it out of management of a joint venture, which is facing foreclosure and the sale of options.
Top leads surge Pistiolis-led Top Ships and Excel Maritime Carriers lead shipping sector rally in New York.
Armada hopeful After Transfield complaints, spokesman for Rathleff-led Armada says the creditor will finally meet to discuss the scheme of arrangement.
CSAV cut again Chilean boxship owner suffers bond rating downgrade from Humphreys over deteriorating profitability.
Owners under fire Transfield turns guns on shareholders of insolvent Armada chartering group for not making financial commitment to company rescue.
LNG deal inked Excelerate Energy extends gasification deal at Argentina's Bahia Blanca LNG import terminal for two years.
No Samsun arrest Samsun Logix withdraws temporary restraining order request after Perseveranza pays its bunker bill.
Stolt scarred Niels Stolt-Nielsen says shipowner's first quarter results reflect last year's panic in the global credit markets as its profit dives.
Oh buoy! German boxship LT Cortesia grounded after chief officer and look-out thought warning markers were fishing vessels.
No dropdown Tough capital markets mean Navios Maritime Partners won't exercise an option for a capesize newbuilding from parent Navios Holdings.
Di's Italian job Simeon Palios-led bulker owner will bag $8m after tying up panamax with Augustea Atlantica for two years.
Top Ships on top Nasdaq-listed owner returned to profit in 2008 as charter costs fell, but talks continue on covenant waivers.
Golden saved John Fredriksen-backed bulker owner Golden Ocean bags $110m from enlarged equity issue as analysts say it is now well placed to ride out the dry-cargo storm.
Second yacht held Panama-flagged unit with seven crew members on way to Somalia after seizure off Seychelles.
Mammoth deal Great Offshore AHTS picks up $32m term contract with Gujarat State Petroleum Corporation.
Jadroplov plunges Croatian bulker and boxship Jadroplov sinks into the red for 2008 as costs soar.
Bulker brace sold Sverre Tidemand's Belships offloads two supramax newbuildings in loss-making deal.
CSSC makes more Chinese shipyard group pushes up 2008 profit by 49%, but says order intake will slow in first half as downturn continues.
Newcastle muted Stormy seas continue to hamper shipments at Australian coal port which shut on Wednesday.
Cruise call Italy launches urgent call for more cruise ships as it braces for influx of people at July's G8 summit.
Tankerska rises Croatian tanker and bulker owner weighs in with hefty 2008 profit despite tough final quarter.
Death toll to rise UK Coastguard facing grim reality that all 16 on offshore helicopter which crashed in North Sea died.
Dof gets cash Mons Aase-led owner gets nearly $30m for its stake in Aker Oilfield Services as it takes sole control of PSV newbuilding.
Kanasashi stops Cash-strapped Japanese shipyard halts shipbuilding activities as funds run dry.
Oil spill in Tampa USCG opens investigation after collision between two tugs leads to spill in Florida port.
Super submerged Probe begins into sinking of passengership Super Mexico at port of Long Beach, California.
Hamburg trims German liner operator is to re-jig its Europe-Australia/New Zealand trades in face of slowdown.
Basalt below Russian research ship sinks off Avacha Bay but no injuries reported.
Systems slow UK gas carrier equipment maker Hamworthy sees orders drop off as shipowners face financing difficulties.
FMG looks west Fortescue looking to sell ore to European mills and says there's nothing wrong with China's money.
Two for CSBC Taiwanese shipyard to win deal for two oil barges, and bulkers may also be on the horizon.
Bonding again Indonesian tanker owner BLT looks likely to sell IDR 500bn of bonds this summer.
Austal inks cat Aussie fast ferry builder secures newbuilding deal from Danish operator Bornholms Trafikken.
Color Line lost money in 2008 Color Line made losses of NOK 184 million after tax and depriciations compared to a NOK 121 million profit in 2007. Operating profit before depriciations was nearly NOK 1 billion
Golden Ocean saved Golden Ocean Group has completed a placement of 180 million shares. The gross proceeds from the placement will be USD 110 million. The placement was significantly over-subscribed as the
Norwegian gas carrier attacked The Norwegian gas carrier Sigloo Tor was attacked by pirates in the Gulf of Aden who fired upon the vessel, but the crew managed to ward of the attack. A
More cruise vessels to Copenhagen Copenhagen Malm' Port (CMP) expects a record high number of cruise vessels to Copenhagen this season, despite the current financial crisis. So far, 332 vessels have been pre-booked carrying
Europe: Rotterdam rallies to 2009 high 380 cst prices in bunker hub at highest level since October 2008.
More 'bunker hedging' losses But lower bunker prices limit damage to Stolt-Nielsen's bottom line.
Cross-industry body warns against bunker tax Bunker levies would 'fail to reward' good behaviour.
Asia: Singapore prices at 7-week high Bunker prices surged across all key Asian ports Thursday.
Singapore residual fuel stocks dip Stocks of middle distillates rise on sluggish demand.
Hong Kong faces supply tightness Avails of 380 cst tight partly due to cargo replenishment delays.
Singapore suppliers' contract dispute closed in US court Case centered on breach of cargo loading contract deemed to be outside admiralty jurisdiction.
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