Somali pirates attack Norwegian warship A Norwegian warship inspecting fishing boats off the coast of Somalia for suspected pirate activity was caught in heavy gunfire in the early hours of Sunday, a European Union naval commander said.
Evergreen posts 4th straight quarterly loss Evergreen Marine Corp, Asia's biggest container-shipping line, posted a fourth consecutive quarterly loss as slumping world trade and overcapacity cut freight rates.
Hyundai gets US$1.4b contract from Daewoo Daewoo International Corp, which is leading a group developing a natural gas field off Myanmar's coast, awarded a US$1.4 billion contract to Hyundai Heavy Industries Co to build facilities.
Downturn hits Austria's intermodal traffic Intermodal transport in Austria has been hard hit by the economic crisis. Operators lack sufficient volumes and have been forced to pare down or eliminate some services. But A...
Etihad flying to Japan in 2010 Etihad Airways, the national airline of the United Arab Emirates (UAE), will launch its first services to Japan in 2010. Nagoya will be served via Beijing, with effect from 1 Febru...
Airbus delivers first A380 to European owner Air France has become the first European airline to receive an Airbus A380. The jumbo aircraft, which was recently delivered to the French carrier, will mainly operate a route in t...
Kuehne + Nagel selected by Valeo Service Kuehne + Nagel, the giant logistics service provider based in Schindellegi (Switzerland), has been selected by Valeo Service, the aftermarket branch of the global automotive group,...
Geodis Wilson takes up residence in Houston Geodis Wilson, a global freight management company, has established US headquarters for its specialist industrial projects division in Houston TX. The move brings Geodis close...
TNT opens new gateway in Malaysia The Amsterdam (NL)-based postal corporation TNT has opened its new TNT Penang international gateway in Malaysia. The platform is located at Kompleks Kargo Kedua next to Penang airp...
Frankfurt Hahn airport reports massive decline in freight volumes Frankfurt Hahn airport (Germany) reported a marked decrease in freight volumes in the first nine months of the current year. The airport handled a total of around 118.440...
Air China and Cathay Pacific to set up China's biggest cargo JV Air China and Hong Kong's largest carrier, Cathay Pacific Airways, plan to set up what will be the country's biggest cargo joint venture (JV) in Shanghai, the Shanghai Daily r...
The Arkas fleet welcomes its 27th vessel - the "Bernard A" Arkas, one of the leading companies in the Turkish marine transportation sector, has increased the number of its Turkish-flagged vessels to 27. The firm recently welcomed...
NOL announces Q3/2009 financial results The global container shipping, terminals and logistics group Neptune Orient Lines (NOL), based in Singapore, recently reported a Q3/2009 net loss of USD 139 million, compared ...
Swiss continues to post black-ink results Swiss International Air Lines achieved an operating profit of CHF 113 million for the first nine months of 2009 (compared to a CHF 373 million operating profit for the same period ...
NYK Line halves fleet expansion programme Nippon Yusen Kabushiki Kaisha (NYK Line), Japan's largest shipping firm by sales, has halved its fleet expansion plans and simultaneously raised its loss forecast. The Tokyo-based ...
OSG loan cheaper than bond Morten Arntzen says loan makes it stronger than its rivals.
Precious buys handysize bulker for $22m PRECIOUS Shipping has snapped up a four-year old handysize bulker, less than a week after saying they were biding their time for secondhand purchases.
Globus still in talks over vessels sale Successful sale will leave Globus Maritime with just two ships in its fleet.
OSG suffers dramatic plunge OVERSEAS Shipholding Group today revealed a $217M downward swing in its bottom line, as spot rates nosedived ' in some cases into negative territory
Ship blamed for PR blast A lawsuit has been filed against the owner and manager of the product tanker Cape Bruny in the wake of a three-day inferno at a Puerto Rico tank farm
Key GEBAB figures quit KG HOUSE GEBAB today lost two of its longstanding board members amid growing financial pressures on several of its ship companies
Piraeus strike erupts again PIRAEUS dockworkers today announced another 48-hour strike, to begin at midnight
Talks to free Ariana continue PIRATES are still negotiating over releasing the bulker Ariana and its 24 crew, the ship's operator told Fairplay today
Kremlin sacks agency CEO SHIPYARD sources in St Petersburg were flummoxed today by a reported firing at Russia's government-aid agency for struggling yards
I am a thief! Yuri Privalov admits to stealing from Sovcomflot long before co-defendants came on the scene.
Spill spurs lawsuit Fishermen and a seafood company waste no time in filing $10m lawsuit against owner, manager and Heidmar after Dubai Star spill.
Suit fingers ship Tanker owner and manager face lawsuit linking unloading to massive Puerto Rico tank farm fire.
Pair upgraded Maxim Group analyst puts "buy" tag on shares of tanker owners General Maritime and Knightsbridge.
Cloak and dagger Private detective hidden in a milk float hears gardener tell of Yuri Privalov's assassination fears.
US ship attacked Pirates fire on Sealift Inc bulker off Somalia but narrowly fail to capture the vessel.
Red but ahead Third quarter loss at Morten Arntzen's OSG not as severe as analysts feared.
Cal less used Owen Kratz-led offshore player Cal Dive International sees utilisation drop 15 percentage points as it gears up for a slower fourth quarter.
Wan Hai low Taiwanese container line slumps to big loss in first three quarters as revenue slides.
Jo scraps again Bergen-based owner sells 27-year-old tanker for scrap in India in $6.47m deal, it is claimed.
Deficit grows Taiwanese container line Yang Ming increases nine-month losses to $328m as revenues shrink.
Dynagas beaten Greek owner loses out to Exmar, Mitsui OSK Lines and ConocoPhillips controlled vessel in race for StatoilHydro charter.
Lay-ups double Siem PSV idled along with Nor Supply Offshore vessel as North Sea lay-up total reaches four.
Srab suffering Swedish tanker owner posts bigger nine-month loss as costs rise.
Losses continue Croatian bulker owner Atlantska Plovidba still in the red, but third quarter fortunes improve.
Tight squeeze Royal Caribbean's huge new Oasis of the Seas passes under Denmark's Great Belt Bridge with less than metre to spare.
Trio detained Hong Kong held three ships during September, including Falcon Shipping bulker.
SAL order cut Bergen Group says a MOU for offshore newbuilding has expired without a contract materialising.
Neste falls Finnish oil and tanker group says freight rates 65% down in third quarter.
Evergreen stung Chang Yung-Fa-led boxship owner takes nine month loss to $224m after worse than expected reversal in the third quarter.
Mississippi mess Pacific Carriers cargoship spills 12,000 gallons of oil near mouth of US river.
Two dead Suspected pirates killed in gun battle with Norwegian warship, Somali officials claim.
Iran ship stuck IRISL multi-purpose vessel runs into trouble at the estuary of China's Yangtze River.
Looking up Japanese shipbuilder IHI says operating profit will increase more than 300% over three years.
MES motors Japanese shipbuilder Mitsui Engineering sees massive year-on-year jump in interim profits.
Shinwa upbeat Japanese coastal bulker operator bucks downgrade trend with increase in interim and full-year profits.
Sanoyas slides Japanese shipbuilder expects interim results to fall short of earlier forecasts, but predicts improved full-year profits.
Seadrill rig burns Fire breaks out on jack-up drilling unit owned by John Fredriksen company off north west Australia.
2,000 ships to the breakers next year Up to 2,000 vessels could be setting out on their final voyages next year, Henning Gramman, head of ship recycling at Germanisher Lloyd's, told a conference in London recently, according
Pilotage monopoly in new pilotage legislation The Finnish Government has approved the contents of the bill on a change in the pilotage act, which has been drawn up by the Ministry of Transport & Communications, One of
Cruise ferries as hotels during the COP-15 summit Two cruise ferries have been chartered to provide floating hotel accommodation during the upcoming COP-15 summit in Copenhagen. The first to arrive will be the Queen of Scandinavia, which
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