Baltic Exchange moves to boost derivatives trading The Baltic Exchange said on Wednesday it had changed the way its chief sea freight index was calculated in a move aimed at boosting freight derivatives trading.
AP Moller-Maersk sees stagnation in 2010 AP Moller-Maersk's liner shipping business expects stagnation at best in the industry next year but will not cut freight rates to win more market share, the head of the division told a German newspaper.
Danaos nets covenant waivers DANAOS has obtained waivers through 31 January 2010 for more than $900M in debt obligations
Three's a partnership in boxes FRANCE'S box giant CMA CGM told Fairplay today it is teaming up with Chile's CSAV and China's CSCL on some direct shipping routes
Chinese yards squeezed CHINESE shipbuilding is reeling, with pressure coming from three directions
Bender gains bankruptcy shield ALABAMA'S Bender Shipbuilding & Repair has been granted Chapter 11 bankruptcy protection
Greenest of newbuildings GREENPEACE signed a €23M ($32.2M) contract today for a new flagship protest vessel with the German yard Fassmer
Liberia law adds eligibility UNDER Liberia's new Insolvency of Foreign Mortgagee Act, Liberia-registered ship mortgages are now eligible as underlying security for German Schiffspfandbrief bond certificates
Counting costs of US air proposal US REGULATORS are considering tougher air rules that could jack up operating costs for US-flagged ships
Pilot project in the Baltic Sea In 2009, the EU Commission plans to establish a project with a value of EUR 2 million in order to "Cut sulphur emissions and nitrogen oxides in the Baltic Sea Read more
GC Rieber cancels newbuilding Norwegian GC Rieber Shipping has cancelled an offshore vessel, newbuilding no. 7037, due to delays. The vessel was ordered in May 2008 by Polar Marine I Pte Ltd, a 51 Read more
Eimskip taken over by creditors The struggling Icelandic shipping company Eimskip has launched a financial re-organisation plan. The plan proposes to create a new and strong shipping and logistics business and to leave the Read more
Eitzen gets loan respite The Norwegian shipping company Camillo Eitzen & Co has been granted a respite for its loans with several banks. The banks will, among other things, alleviate the loan conditions until October
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