Baltic Dry Index sees biggest weekly jump The Baltic Dry Index, a measure of shipping costs for commodities, had its biggest weekly jump in 11 weeks on surging rates for capesize-class vessels to haul coal and iron ore.
Elaa welcomes new EU block exemption for consortia The European Commission has adopted a new block exemption regulation for liner shipping consortia. The regulation is important to the industry, according to the European Liner Affa...
Time for Middle Eastern shipowners to speak out on climate change A leading maritime industry expert has warned of mounting pressure on Middle Eastern shipowners to join the international climate change debate on mechanisms to curb carbon emissio...
Famous Pacific Shipping opens Central and Eastern Europe gateway in Odessa Famous Pacific Shipping, a rapidly-expanding Asian NVOCC and freight service provider, now offers weekly ocean freight consolidation services from Hong Kong to a key central Europe...
KLG Europe and Pekaes form Dutch-Polish partnership The Dutch logistics company KLG Europe and the Polish logistics group Pekaes began an exclusive collaboration for overland services between the Netherlands and Poland on 15 Se...
BLS Cargo feeling economic slump The challenging economic situation has affected the H1/2009 results of the Swiss freight railway BLS Cargo. There has been a massive, sustained drop in demand since autumn 2008. Th...
Gasunie and Vopak to investigate feasibility of a operating a carbon dioxide hub Gasunie, a Dutch gas infrastructure company, and Royal Vopak, a major provider of bulk liquid storage, have decided to jointly investigate the feasibility of developing a...
Magna selects Kuehne + Nagel to manage inbound logistics to Russia Magna Exteriors & Interiors, a leading full-service supplier of exterior vehicle appearance systems to the global automotive industry, is outsourcing the entire inbound logistics f...
Maersk abandons recovery hopes and looks to slash officer jobs Box giant seeks over 280 voluntary redundancies from UK and Denmark and refuses to rule out more could be on the way.
South Africa to bar Russian P&I Pool insured ships MARITIME authorities to prevent vessels from entering country's ports following Seli 1 grounding.
Germany approves Hapag-Lloyd aid STEERING group in charge of distributing money from the national bailout fund votes in favour of line's application for government guarantees.
Paribus Capital targets troubled KG funds NEW venture aims to invest in stricken closed-end shipping funds.
Maersk axes UK officers MAERSK'S UK operation will cut 113 jobs in the light of vessel lay-ups, it told Fairplay today
EC grabs green Italian scheme THE EUROPEAN Commission could adopt an Italian subsidy programme that encourages sea-freight when it reviews its Marco Polo funding programme next year
Blast kills Brazilian yard worker AN EXPLOSION killed one man and seriously injured two more at a shipyard in Santos port complex, Brazil last night
US scanning row erupts A ROW has broken out between two industry specialists at a port security conference in Barcelona over whether boxes can be fully scanned for shielded radiation objects and explosives at US ports
Nod for Oz grain shipping Australia's three largest grain handlers have had their export accreditation renewed after satisfying terminal access competition concerns at the third attempt
Charter Party integrity must be maintained Box 21 of BIMCO's Standard Time Charter Party for Container Vessels (BOXTIME 2004) is normally the most discussed during fixture bargaining: it is the entry for the daily hire rate.
'Nearly all' funded As Seaspan closes on second tranche of $200m cash infusion, Gerry Wang says the owner has almost all the cash and financing it needs for its orders.
China surprises Yards in the People's Republic prove the surprise package in the demo sector taking four ships.
Almost innocent! Where are the "mythical millions" that former Sovcomflot chief Dmitry Skarga squirreled away, challenges lawyer.
STX wins work South Korean clinches newbuilding work worth $150m to build dredgers for Belgium's Jan De Nul.
Vale expands As it rolls out first tug in 51-vessel domestic building program, miner reveals order for two catamaran passenger ferries.
Another chop Danish container line Maersk follows up Danish redundancies with plan to oust 113 UK officers.
'Political vendetta' Nikitin's lawyer says Sovcomflot allegations are politically motivated.
NYK plan axed Deal with Port of Tacoma to build a new terminal killed as container volumes drop.
Man with gun Stamford police evacuate TradeWinds, shipowner Groton Pacific Carriers and insurer XL over reports of a man with a gun.
Hapag wins cash Struggling container line finally wins approval for German state loan guarantees worth EUR 1.2bn.
Broker under fire Yuri Nikitin turns legal guns on Clarksons and demands that $15m of commission be paid.
No deal Bulgarian owner Navibulgar scraps contract for handysize bulker at domestic Varna shipyard two months from its launch.
Bond backing Oslo-listed Fairstar wins approval to defer bond loan repayment until March next year.
Bulk gains Taiwan Navigation pushes up first-half operating revenue and profit, but is hit by lower investment returns.
New5 in Numb3rs Claus-Peter Offen and George Gyftakis feel the heat while CMA CGM has a huge clearout.
Prisco fixes Russian owner wins eight-year charter for new HHI-built aframax from Sakhalin Energy.
Bigger loss Lazard Capital analyst stretches his projected third quarter losses for Frontline with 2010 view also dimmed amid oversupply fears.
Islamabad leaves PNSC cargoship freed in Myanmar after out of court settlement for delayed cargo.
False start Celtic Link's new service to Cherbourg delayed by mysterious hull puncture to Norman Voyager.
Officers out Maersk Line wants 170 low-level Danish officers to retire so it can bring in cheaper Asian crew.
Cosco re-jig Singapore-listed shipyard takes on semi-submersible as US owner agrees new payment plan.
Two Danish ships to be sold at compulsory auctions Danish Ship Finance A/S (Danmarks Skibskredit) has arrested two vessels, which will be sold at compulsory auctions in the near future. The larger of the two units is the
Mærsk to replace 170 Danish junior officers with Asian officers A P Møller-Mærsk will replace 170 Danish junior officers on Danish flagged container carriers with Asian officers in order to reduce costs relating to the running of the ships
DFDS cuts more jobs DFDS Group continues to cut jobs in order to reduce costs due to the current weak market. The group announces that the Copenhagen headquarters will lose 27 positions, equal to
EU grants Polish Register full recognition The Polish Register of Shipping has been given full recognition by the European Union. The organisation had previously ben granted only a partial recognition due to a number of "shortcomings
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