ReCAAP shares experience with African states The Singapore-based Information Sharing Centre (ISC) for the Regional Cooperation Agreement on Combating Piracy and Armed Robbery (ReCAAP) is sharing its experience with countries in east Africa and Arabia to help them counter the scourge.
Mid-East tanker rates slide for third day The cost of shipping Middle East oil to Asia, the world's busiest route for supertankers, slid for a third day because there are more ships than cargoes.
Deutsche Post DHL ups 2009 outlook Deutsche Post DHL has hiked its 2009 outlook as it released stronger-than-expected third-quarter earnings, saying that cost cuts were helping offset stubbornly weak volumes.
TNT still feeling recession TNT, the Dutch post and CEP services corporation headquartered in Amsterdam, registered a 5.9% decline in sales in Q3, from EUR 2.687 to 2.483 billion. The operating profit fell by...
Norbert Dentressangle reports declining sales The French transport and logistics company Norbert Dentressangle registered a 14.6% fall in sales, from EUR 2.38 to 2.031 billion, in the first nine months of 2009 in comparison wi...
DSV reports interim results for first nine months The Danish transport and logistics provider DSV recently reported its results for the nine months ended 30 September. Revenues rose from DKK 26.117 billion in the same period last ...
Stobart Group reports higher revenues and profits The multimodal transport and logistics service provider Stobart Group has posted its interim financial results for H1/2009. Revenues of GBP 218.2 million from continuing operations...
NFI Global tasked with transporting high-value shipments from Mexico City Transporting high value tequila from Mexico to the USA requires a strong and secure supply chain partner. NFI Global recently filled this requirement by transporting several high-v...
Rhenus Freight Logistics with three new German gateways Rhenus Freight Logistics has established three new gateways in Germany, in addition to its existing direct transportation services, in order to further develop its pan-European tra...
Erfa urges early recast of railway package The European Rail Freight Association (Erfa) has written to Brian Simpson MEP, the chairman of the European parliamentary transport committee, urging him and his TRAN colleagues to...
DHL opens Melbourne airport facility DHL has opened a new USD 32 million airfreight facility at Melbourne airport, to boost Victoria and Tasmania's international trade. The new facility covers almost 50,000 sqm and in...
Cathay Pacific Cargo doubles Frankfurt-Mumbai freighter frequencies With the start of the winter timetable Cathay Pacific Cargo, Hong Kong-based Cathay Pacific Airways' freight division, doubled freighter frequencies from Frankfurt to Mumbai. In ad...
NYK, Mitsui, K Line all in trouble The three major Japanese shipping companies NYK, Mitsui ISK Lines and K Line have all made large losses in the first semester of 2009. The largest deficit - USD 479 million - was r...
Berkshire Hathaway to acquire largest US railroad company Warren Buffett's Berkshire Hathaway Inc has agreed to buy the US railroad operator Burlington Northern Santa Fe Corp in what Buffett described as an "all-in wager on the economic f...
Earthquake hits Iranian port A TREMOR has reportedly struck a port city in Iran, injuring hundreds
Pirates attack Greek ship PIRATES have hijacked a Greek-owned bulker in the Indian Ocean, Fairplay was told today
Petrobras signs $10Bn loan PETROBRAS signed a $10Bn financing deal today with China Development Bank
French port strike tomorrow FRANCE pledged today to push ahead with port changes despite a 24-hour strike planned tomorrow across that sector
Gijón wins port award SPAIN'S Gijón has become the first winner of ESPO's new award for integration of ports with their cities
Liners challenge truck ban IMPORTERS and exporters have received support from the liner trade in opposing the green-truck programme at Port of Los Angeles
Ecuador seeks banana control ECUADOR is poised to set up a national banana exporting company, IHS Global Insight reported today
Eagle target cut Pair of analysts reduce their price targets for Eagle Bulk Shipping's shares but hold firm to bullish views.
Medea listing Crew members awaiting repatriation as Greek-controlled bulker Medea K stuck at Gabonese port for weeks with up to 25-degree list.
Beluga attacked German navy comes to the rescue as multipurpose ship BBC Thames comes under pirate assault.
Low backlog Offshore vessel owner Global Industries turns around quarterly loss but faces backlog at the "lowest level for some time."
Takeover stalls BLT's bid to gobble up Camillo Eitzen has been delayed, Norwegian owner says.
The Costa Coffee High court hears how commissions were served up in deals at centre of corruption case.
Ice driller Transocean expected to announce deal for Arctic-class floater estimated to cost $1.1bn.
'Count us in' Camillo Eitzen pledges $50m to Eitzen Chemical's potential $130m equity issue.
Yard firm unveiled Brazilian construction company Construcap confirms it is negotiating land for yard in Brazil's south.
Dacha deal Talk of kick backs from corrupt Sovcomflot transactions started at Yuri Nikitin's holiday home, court told.
Miami leak Diesel spilled in Miami River during refuelling of US-controlled multipurpose Titan Express.
Bulker escapes Greek crew fights off attack with water cannons as Turkish navy detains five pirates in Gulf of Aden.
Eagle net drops But sharp fall in Sophocles Zoullas-led bulk owner's third-quarter profits beats expectations on Wall Street.
Fear confirmed Meadway Shipping bulker and its 21 strong crew are in the hands of Somali pirates, UN says.
Casualty file WebTV roundup of casualty incidents brings dramatic footage of fires affecting a Puerto Rico tank farm and a Seadrill jack-up rig.
Mittal buying? Mercator boss HK Mittal linked to deal to take over company's shipyard in Maharashtra.
Aries cape fixed Nasdaq-listed owner ties up formerly spot trading bulker on two year deal.
Greek bulker fear A Meadway ship has been hijacked in the Indian Ocean, naval source believe.
BV defiant French class society sees marine revenue grow despite significant slowdown in newbuilding orders.
Trico triumph US offshore vessel player pushes up third quarter profit and revenue thanks to subsea business.
Must do better Norwegian gas carrier owner Solvang says performance unsatisfactory despite profit rising due to financial gains.
Duo detained Canada held Bockstiegel boxship and Euronav suezmax in October after failing safety checks.
Time to spend Sven Rong's GC Rieber to exploit weak offshore markets to make further acquisitions despite third quarter red ink.
Lakes lower Canadian owner Algoma's nine-month profit dragged down by loss-making domestic bulkers.
Olsen earns more Bonheur, Norwegian owner Fred Olsen's holding company, posts fat nine-month profit thanks to offshore drilling.
Still red Ro-ro player Finnlines turns in nine-month loss, but says cost-cutting is starting to have positive effect.
Single skin sale? Oslo-listed Aker Floating Production agonising over sale of 180,000-dwt tanker as it posts Q3 loss.
AI extends US cruiseship owner gives investors longer to sell notes in buy-back deal as it posts third-quarter loss.
Revs limited Clarksons says income from its broking desks continues to be restricted by struggling freight markets but it's a different story for its research arm.
Chilly winter Dof predicts difficult months ahead for North Sea spot market as it reports drop in Q3 operating profit.
K Line yard move Japanese shipowner invests in a second yard in China with stake in Zhejiang Eastern Shipyard.
New fund Former Efibanca director Fabrizio Vettosi puts together EUR 25m pot to invest in shipping.
Jaya jumps Troubled Singapore offshore shipbuilder and shipowner sees profits rise thanks to asset disposals.
Arabian adventure Seamec offshore vessel lands revised $8.5m charter with Dulam International.
Better to come Japanese shipbuilder Naikai Zosen sees profit dwindle in first half, but full year forecast is up on 2008.
Sumitomo slumps Japanese shipbuilder's interim profits decline dramatically, but it revises full-year profits upwards.
Out again Piraeus port workers start two-day strike in continuing protest at Cosco's 35-year deal to run two terminals.
Banks anticipate huge credit losses next year More than nine per cent of the world's ship finance loans will be bad (non-performing) in 2010, according to more than half of 27 top shipping managers in banks
Norway aims at being a world-class shipping nation The Norwegian government has launched the information campaign "Norway as a maritime host country" to attract more shipping companies to the country. "We'll try to bring back Norwegian shipping activities
Maersk Supply to transfer whole fleet from Isle of Man to Danish flag Over the next month, Maersk Supply Service will re-flag its whole fleet currently flying the Isle of Man flag. In the future, the majority of this fleet of 17
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