Rolls-Royce moving marine arm's global HQ to S'pore Rolls-Royce said yesterday it is moving the global headquarters of its marine business to Singapore from London.
Maersk cuts forecast after Danske profit drop AP Moller-Maersk cut its 2008 profit forecast after a big drop in profits at Danske Bank yesterday, but its shares rose as investors saw hints that core operations performed as planned. The Danish shipping and oil group owns 20 per cent of Danske Bank, which earlier yesterday reported a 93 per cent drop in 2008 profit.
Lawmakers fear piracy threat may jack up shipping rates The growing threat of pirate attacks in regions such as the Gulf of Aden may disrupt global commerce and lead to higher shipping rates, US lawmakers said.
Somali pirates leave Ukrainian ship after getting ransom
Herbert de Saint Simon appointed SDV director general Herbert de Saint Simon has been appointed the new director general of the French logistics service provider SDV Logistique Internationale. Saint Simon joined the Bollor' group in 1...
Transcamion to cooperate with European Seaways European Seaways currently operates the Bari-Durres-Bari ferry link between Albania and Italy with the "Ionis". The "Apollon" will be deployed on the same route from June 2009, ena...
Breakbulk Asia Transportation Conference, Singapore, 17-18 February An inaugural Breakbulk Asia Transportation Conference and Exhibition will be held at the Singapore International Convention and Exhibition Centre on 17 and 18 February. It will add...
Senator Lines closing down The Bremen-based German company Senator Lines is set to terminate active operations at the end of February. The decision was triggered by the current economic crisis, the concomita...
MOL to establish joint terminal in Vietnam The Tokyo-based Japanese firm Mitsui O.S.K. Lines (MOL) is establishing a joint terminal operating company with the Saigon Newport Company, the Hanjin Shipping Co and Wan Hai Lines...
Maersk calls for cut in Suez tolls LINE poised to divert more Asia-Europe services around southern Africa due to large cost benefits.
Profit warning from AP Moller-Maersk
Baltic chairman stresses need to uphold self regulation standards MICHAEL Drayton warns standards must not be allowed to slip despite inevitable cases of bankruptcies.
Dry bulk share prices rally on firmer rates NEW York-listed and Asian firms firm see stocks rise as Baltic Dry Index makes biggest gain in 24 years.
Pirates reportedly free Faina PIRATES have reportedly freed the Ukrainian ro-ro Faina and its crew after 133 days in captivity
US drybulk shares rebound OPTIMISM on drybulk fundamentals have spurred a sharp rally in US-listed drybulk shares, with Eagle Bulk jumping 31%, Excel Maritime up 27% and Genco up 22%
Europe's drybulk shares firm SHARES in drybulk shipping companies listed on European markets continued to firm, despite generally weak sentiment in which major stock market indices traded lower
Horizon warns on antitrust fallout HORIZON Lines made new disclosures today on its growing criminal and civil liabilities related to a Jones Act antitrust inquiry
Box ship lay-ups rise 69% in month THE NUMBER of container ships in lay-up has risen by 69% in the latest month and more vessels are being taken out of service, according to the latest report of AXS Alphaliner, the internet-based resource
Maersk issues warning on 2008 profit A.P. Moller-Maersk cuts 2008 profit forecast by $600-900 million on loss at banking unit, lower growth across other business units
New proposal could keep Maersk in Charleston
Yang Ming consolidating U.S. agency business
Bill seeks delay of CPSIA
Customs Update: Beyond cargo security
Holidays coming for NY-NJ port terminals
After 2006 fire, Hyundai Fortune returns to charter
Turkish smash-up No injuries or pollution after pair of Panama-flag bulkers are involved in collision off Turkey.
Fuel missing After ferry grounds off Alaska, 6.4 tonnes of fuel oil appears to have leaked but has dissipated.
Sea Star fined Yannis Vardinoyannis-led Sea Star Capital vows to fight $4.8m fine in relation to Anek Lines control.
Transpetro irked Sergio Machado-led tanker owner slams Brazil's largest steelmaker over price for 49-ship newbuilding program.
Pilot power Bar pilot's moves are credited for keeping a tanker from hitting rocks near San Francisco.
Veniamis on top Union of Greek Shipowners votes Golden Union's Theodore Veniamis to head the body.
Danaos to cut? Maxim Group analyst says possibility of a dividend cut by Coustas-led boxship owner are "very real".
Bad habits MSC Lugano fire probably started after oily rags used to clean engine room were ignited ' possibly by discarded cigarette, accident report finds.
Faina 'free' Final few Somali pirates disembark Ukrainian arms ship after ransom of up to $3.5m counted.
Rescue ready Package to help ailing Turkish shipbuilders through the economic downturn is two weeks away, Transportation minister says.
Tummy trouble Empress of the North grounded off Alaska because inexperienced third mate took over watch from senior officer with stomach bug.
Going, going... Veteran US ferry Islander to be sold on eBay after proving too costly to maintain for latest owner.
Damen deal Dutch yard group's Romanian facility to build border patrol ship with EU cash.
CH charges on Singapore-listed offshore player shelling out $2.45m in dividend payments after second quarter profit doubles.
Master ducks jail Filipino master and chief engineer of Greek bulker given fines and probation in pollution case.
Nice for Neste Finnish tanker owner surprised by high crude and products rates in 2008 as earnings soar.
Li leads the way Port tycoon Li Ka-shing retains title as Hong Kong's richest man, with Helmut Sohmen and Stanley Ho also in the city's billion dollar club.
Banking on less AP-Moller Maersk slashes 2008 profit forecast due to losses arising from 20% shareholding in Danske Bank.
Banks close in RBS leads consortium demanding insolvent offshore charterer Oilexco North Sea repay up to $700m.
Scrap sale? Bangladeshi charterer to return elderly panamax a year early as Goldenport eyes scrap sale.
Kinkai looks up K Line bulker and ro-ro subsidiary raises annual profit forecast as nine-month profit jumps.
Hanjin hit Korean shipbuilder posts healthy annual profit, but dips to loss in fourth quarter as won sinks.
Dof pulls out Mons Aase-led firm stalls takeover of four-ship subsidiary, opting to keep the $45m in the bank.
Safety slip Passengers kicked off New Zealand ferry after routine drill ends in lifeboat being lost.
Dragnis refinances Paris Dragnis-led Greek bulker player Goldenport reworks debt and alters dividend policy.
Dutch dent CSAV boxship and Russian cargoship suffer minor damage in collision off Flushing.
Japan yards slow Newbuilding orders placed in Japan in 2008 were the lowest in three years, says industry body.
Precious profits Thai bulker owner sees year-on-year results improve by more than one-third due to stronger rates.
P&O Oz expands Aussie operation to expand to four ships as interest in cruising grows among Australian population.
Maersk raises container rates Maersk Line will raise the price of shipping a container between the Far East and Europe. The company has given notice of a transport fee increase of USD 25 per
Tank laden Faina released Russian and Ukrainian media report that the pirates have left the ro-ro vessel Faina. They evacuated in small groups and one group did not leave before the previous group
Four nations without blob on quality list Germany, Hong Kong, Norway and the UK are the only nations without any remark in the annual flag state performance table, published by the international maritime organisations Bimco, Intercargo, ICS
Minister promises support to Turkish yards We haven't left any troubled sector on its own and have always held their hands to support them. Similarly, we will continue to stand by the strategic business of shipbuilding
UK union slams down on Russian operator The UK maritime union Nautilus and the International Transport Workers' Federation, ITF, have condemned the Russian ship operator, which has abandoned its crew in Liverpool, leaving wages unpaid for more
Insurers in record claim after Rocknes accident In a new trial in Oslo, 13 insurers and the shipping company are suing the Norwegian government for NOK 580 million. The suit claims that the underwater rock the Jebsen
European prices firming in major ports Some smaller markets seeing prices soften.
'Good bunker demand' supporting fuel oil Finnish refiner says fuel oil margins improved in late 2008.
Biodiesel traces should be 'eliminated' from supply chain Testing agency says improving supply chain discipline will be simpler than finding consensus on acceptable limits.
Changes in global fuel oil distribution 65% stock increase in Asian hub while European and US inventories have decreased.
Firm fuel cargo values lift Asian bunkers Singapore bunkers see double-digit gains on Thursday.
Singapore residual fuel stocks at 3-week low Middle distillates stocks also down.
Asia's March fuel oil cargoes below 3 million mt March arbitrage volumes similar to February levels.
Storage on VLCCs 'weighing heavily' on crude prices Floating stocks can be sold quickly when supplies begin to tighten, undermining OPEC intentions.
Chimbusco offering 'competitive' bunker prices Chinese bunker prices offered at below official posted price.
Saudi Aramco offers 380 cst fuel cargo Meanwhile, the refiner has sold one 85,000 mt cargo for late-February loading.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
