Commodity shipping rates may stay high on demand from China Shipping costs for bulk commodities such as coal and iron ore will stay high in the next few months because of record purchases by China, before flattening by the end of the year as new vessels are delivered, a shipbroker said.
Shipping groups fight Norway over taxes Norway's government met two shipping companies in court yesterday to defend its tonnage tax that imposes a big tax bill on the industry at a time when the global downturn is hammering profits.
Evergreen and China Shipping to cooperate on Asia-Europe, Asia-USA routes Evergreen Line and China Shipping Container Lines have agreed to cooperate on their Asia-Europe, Asia-Mexico-US East Coast and Asia-US West Coast services from June 2009. The joint...
Delmas launches ro-ro line calling at Spinelli's Genoa Port Terminal Delmas, a specialist in the Africa trade, has started a new ro-ro service between the West Mediterranean and West Africa. Two vessels offer departures on a fortnight...
K Line establishes own agency in Brazil Kawasaki Kisen Kaisha (K Line) has established its own shipping agency in Brazil, K-Line Roro & Bulk Agencia Maritima, for car carrier and bulk shipping operations (both dry and li...
Gulftainer named Port Authority and Terminal Operator of the Year Gulftainer, a leading regional port management and logistics firm, was named Port Authority and Terminal Operator of the Year at the third annual Supply Chain and Transport Aw...
RJ opens direct service to Benghazi Royal Jordanian (RJ) started a direct twice-weekly service (on Mondays and Fridays) between Amman (Jordan) and Benghazi (Libya) on 1 June. It thus put the destination bac...
Malaysia Airlines ordered to pay EUR 6.9 million A European arbitration tribunal has ordered Malaysia Airlines (MAS), Malaysia's national carrier, to pay Advanced Cargo Logistic GmbH (ACL) EUR 6.9 million for breach of a cargo ha...
Singapore Airlines deploys Airbus A330 to Nagoya Singapore Airlines commenced daily Airbus A330-300 services between Singapore and Nagoya (Japan) on 1 June. The link replaces the airline's five times weekly Boeing B777 opera...
Airports for sale in Europe? Infratil, a New Zealand-based infrastructure investment company, has hinted at the possibility of offloading its European airport assets after posting an after-tax loss o...
Airbus is 40 years old Airbus has celebrated the 40th anniversary of the Franco-German agreement to launch the A300. The French minister of transport Jean Chamant and the German minister of economic affa...
New Dakar-based airline to rise from ashes On 29 May, the Moroccan carrier Royal Air Maroc and the Senegalese government signed an agreement to establish a new airline in Dakar (Senegal) on 29 May, according to th...
Vopak constructs new storage terminal Koninklijke Vopak NV (Royal Vopak) has taken the final investment decision to build and operate a new storage terminal for oil products in the port of Amsterdam (Netherlands). The ...
Logwin opens new location in eastern China The Grevenmacher (Luxembourg)-based logistics enterprise Logwin strengthened its position in the Chinese market by opening an additional branch office, in Zhangjiagang, a...
BIMCO ready with emissions proposal BIMCO poised to firm up its stance on reducing emissions from shipping after decision at general meeting in Athens.
UK shipping sector vents anger over pollution slurs
Amlin snaps up Fortis for $496m LLOYD'S insurance heavyweight buys Fortis Corporate Insurance in biggest marine insurance-related deal of the year.
Shipowners hopeful of light dues breakthrough UK shipping minister signals progress had been made on a more equitable division of the costs.
NASSCO newbuildings on brink PRIVATE equity firm Blackstone has warned that the US-flag MR product tanker newbuilding order at NASSCO could go into default as soon as August
Dozens of KG placings cancelled DWINDLING returns in container and bulker operations are thwarting many equity placings in the German KG market
Fleet Management fights back FLEET Management, which operated the Cosco Busan during the November 2007 spill in San Francisco Bay, faces serious financial risk after conceding guilt in two misdemeanours
Hamburg shipping trust launched HAMBURG shipping and trading group Komrowski is seeking a listing of its blind-pool investment vehicle Vilmaris on the Hamburg Stock Exchange by the end of this month
Nordea shuffles its deck NORDEA has announced a shuffle, including appointment of Hans Jacobson as the new head of banking in Sweden
Euro/Asia box rate 'disaster' seen A LEADING shipping analyst told Fairplay today that a 56% fall in Asia/Europe container freight rates for the second month of 2009 was "disastrous and devastating"
GL in further takeover GERMAN class society Germanischer Lloyd is gearing up for another takeover
DryShips cancels Capesize bulker with a contract price of $114m is cancelled after $42.8m payment.
Amlin grabs FCI Charles Philipps-led insurance and reinsurance group snaps up Fortis Corporate Insurance for EUR 350m.
JS Mattu escapes Spanish airplane prevents pirate hijacking on a general cargoship, and UK warship disarms the suspects.
Green Economou Greek shipowner and broker Banchero and Costa invest in a $300m fund to buy bulkers for green scrapping.
Yard man on 447 Atlantico Sul executive and Croatian seafarer named among passengers presumed lost, as vessels diverted to search for Flight 447 are identified.
CGG seeks more Seismic vessel owner CGGVeritas prices notes worth $350m, $50m more than previously sought.
Exxon hits whale Authorities say a SeaRiver Maritime tanker hit an endangered humpback whale found dead in Valdez.
Asphalt spilt Coast Guard responds after Greek asphalt carrier suffers spill at Sprague Energy terminal in Maine.
Pair picked out Joseph Compofelice and Age Korsvold both singled out for personal treatment in latest mud slinging between Trico and Kistefos.
NSCSA to bulk up Saudi national carrier to enter dry-bulk owning or chartering market through joint venture with compatriot.
Winds of change Bard Engineering takes PSV from Sartor in $6.5m deal, with new identity also on the cards for the erstwhile Ocean Scotsman.
Return to Rieber Sven Rong-led shipowner takes Geo Atlantic back in $58m switch which will cost PGS up to $50m this quarter.
Genco boosted Analysts hike Genco Shipping & Trading's price target after latest charter deals.
PSV deal off TMM and India's Sical Logistics pull plug on $27m Sical Torino sale, TradeWinds understands.
Mixed for Tallink Third quarter passenger figures boost Estonian ferry owner, but freight business declines.
Bharati goes low Indian shipyard offering to buy 20% of shipowner Great Offshore for 5% below Tuesday's closing price.
Lost at sea Filipino seafarer Arden Jugueta named as victim of Air France flight 447.
Safety first Turkey issues new training rules to stop death toll at Istanbul's Tuzla shipyard complex.
Sevan shores up Jan Erik Tveteraas-led offshore player says $175m private placement has removed financial uncertainty which has hung over the company.
Lookouts lashed Australian report finds watch keepers on German boxship and fishing vessel at fault for 2008 smash.
Paris offloads Paris Dragnis-led Goldenport Holdings is selling its only panamax bulker and expects to book a profit.
Tax tussle Norwegian owners' court battle over back-taxes bill begins on Wednesday.
Ferry fall-out Australian shipyard Austal and US maritime administration facing losses from Hawaii Superferry bankruptcy.
Double trouble Russian tanker grounds in Caspian, while cargoship suffers engine room fire in Lake Onega.
Precious sells Thai owner once again sheds an elderly bulker with mystery Greek paying $4.2m for 1984-built handysize.
Puff grand-daddy An 81-year-old tug boat captain faces long jail term after smuggling '36m worth of cannabis into the UK in ballast tanks.
Hellenic fixes London-listed Greek shipowner ties up ship that was previously chartered to Samsun Logix.
Going steady Genco converts panamax bulker charter from spot to fixed rate, expanding fleet's time charter coverage.
Transatlantic stops sale of Atlantic division Swedish owner Transatlantic has decided to stop the sale of its Atlantic division. According to Transatlantic's president Anders K'llstr'm the decision has been taken to create stability for its customers
Bermuda to the top of Paris MOU quality list The port state organisation Paris MOU has published its annually revised list of flag state inspection performance. The list is based on issued detentions in relation to the number of
DNV best in class In addition to the ranking of flag states, the port state organisation Paris MOU also lists classification societies according to their port state inspection results. This year's list covers 27
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