Panama Canal in pact with US port The Panama Canal Authority (ACP) has signed an agreement with Port Everglades of the United States to generate new business, the manager of the Panama Canal Authority (ACP), Alberto Aleman Zubieta, announced on Wednesday.
America's Cup sails to UAE The next America's Cup will be held in the United Arab Emirates (UAE) in February 2010, defending champion Alinghi said on Wednesday.
Dr Stefan Kurrle new Fiege board member The board of the Fiege foundation is being expanded, with the addition of Dr Stefan Kurrle to the logistics corporation's board by 1 February 2010 at the latest. Kurrle will take o...
Agility opens new logistics hub in Malaysia Agility has opened a logistics hub near Kuala Lumpur, boosting the company's warehousing capacity in Malaysia to more than 34,000 sqm. The new 13,000 sqm facility in Bukit Jelutong...
GW starts operations in Maria Saal terminal Gebrüder Weiss' new logistics terminal in Maria Saal (Austria) started operations on 3 August, after a construction period of one year. A 30,000 sqm plot accommodates 2,500 sqm of ...
Renault and Dacia endorse ECG operations manual Renault and Dacia have endorsed the operations quality manual of the Association of European Vehicle Logistics (ECG), which was first introduced in 2007, with version 4 published i...
German inland shipping industry feeling the crisis The financial and industrial crisis has also hit Germany's inland shipping industry, cutting the volumes transported in the first quarter of this year by around 25% to 12 billion t...
HHLA employees undergo re-training during cut in working hours More than 300 employees of the Hamburger Hafen und Logistik AG (HHLA) based in Hamburg will make use of the current cut in working hours to engage in training measures from the beg...
MOL to set up Indian JV with Sical Logistics Mitsui O.S.K. Lines (MOL) recently signed a memorandum of understanding with Sical Logistics in preparation for the launch of a joint venture to operate a completed car yard at Enn...
Norbert Dentressangle appoints Joe Fogg head of UK sales Norbert Dentressangle has appointed Joe Fogg as Norbert Dentressangle Logistics UK's head of sales. Fogg has held a range of operational, account management, commercial and busines...
Panalpina: net profit dropped by 78% The Basel (Switzerland) based forwarder and logistics company Panalpina Group reported that its first-half net profit had dropped by 78%, as cost cuts couldn't make up for a slump ...
Diana wary despite strong second quarter DIANA Shipping has cautioned against taking recovery in the dry bulk market for granted.
Eagle Bulk set to pounce when time is right EAGLE Bulk has forged an alliance with Delphin Shipping to target "exciting purchase opportunities".
Reefer crisis deepens as box lines bite into fruit REEFER vessel values fall 25% and crisis-ridden container operators offer 'distressed' rates to transport fruit.
Top box lines axe Pacific capacity MAERSK Line, Mediterranean Shipping Co and CMA CGM are downsizing their transpacific network from three to two loops.
Smit 'compensates' to profits MARITIME service provider Smit Internationale posted a 9% increase today in profits for this year's first half, despite the recession
NOL loses $391M in first half NOL HAS slumped to first-half losses of $391M on reduced turnover of $2.9Bn
33 sought in ferry sinking HOPES are fading today that up to 33 passengers will be found alive from the sinking of an inter-island ferry last night off Tonga in the South Pacific
Caracas controls key ports PRIVATE operators no longer control a range of key Venezuelan port functions, a maritime lawyer told Fairplay today
GL raises wind energy focus GERMANY'S class society has decided to diversify deeper into the renewable energy sector in reaction to the slump in shipping markets
Excel prices secondary offering BULKER owner Excel Maritime today priced a new offering of 6M common shares at $8 per share, for net proceeds of $45.1M
Maersk's trans-Pacific shuffle MAERSK LINE said today it is making sweeping revisions to its trans-Pacific services
Video: Capt. Mike Lorino, President of the Associated Branch Pilots, discusses the warning signs pilots must look for when guiding vessels through the lower Mississippi River
Chouest builds 12 US offshore vessel building and operator set to start construction on 5,300-dwt, diesel-electric OSV series.
Navigators gains New York insurer Navigators Group post improved quarterly profits but gross marine premiums slip.
Positioned to buy Citing acquisition potential, Cantor Fitzgerald analyst hikes price target for New York-listed Diana owner after drop in quarterly earnings.
Marinsa gets OK Shareholders of CSAV backer Marinsa approve issuing $166m worth of shares.
Hungry for coal Eagle Bulk's Sophocles Zoullas says India's coal imports are poised to become a major demand driver for supramaxes.
Lucky 13 Brazil's Petrobras has reportedly approved bids for 13 offshore vessel charters from six companies.
Excel target cut After equity raise, Jefferies analyst lowers price target and estimates for Panayotides-led bulker owner but says there's still upside potential.
Bulk bites Algoma Falling dry-cargo earnings hurt Canadian shipowner's second quarter profit.
Mexican grounds Laden tanker Nuevo Pemex I is re-floated after running aground off eastern Mexico.
Global turns black US subsea and construction vessel owner Global Industries returns to profitability with figures above Wall Street bets.
Di one cent shy Dry-cargo troubles far from over says Simeon Palios as Diana Shipping's Q2 figures land just short of forecasts.
Eagle eyes buys Sophocles Zoullas-led bulker owner in the hunt for ships as new private equity company established.
Future clouded STX Europe still facing unknown losses from bankrupt Wadan Yards as first-half profit falls.
Chemoil slips Downturn hits volumes and profits at Singapore bunker supplier and tanker owner.
Recycle that! MSC boxship to return containers of rotting rubbish dumped at Brazilian ports to Britain.
Excel eyes $50m New York listed bulker owner issuing shares to repay debt.
Two out Australian ports group Asciano loses two top managers in shake-up following rights issue.
Penguin cuts loss Singapore-listed offshore player remains in the red during the second quarter despite improved revenue.
Balance boost Scrapping surge and newbuilding cancellations significantly improve supply and demand balance in the car carrier market, says WW.
Aegean collision Greek cargoship and Hong Kong bulker damaged in clash off Greece.
Job done New LNG spin-off Golar LNG Energy exceeds revised share issue target as it readies Oslo listing.
Aker Philly fine Profit up at Aker Philadelphia Shipyard which warns, however, of possible risks from only customer.
Aqaba slowdown Jordanian port workers protest over compensation for living quarters sold off by bosses.
WW just short Ingar Skaug-led Wilh Wilhelmsen, which has laid-up 20 vessels, sees Q2 operating profit land $2m shy of forecasts.
Costs hurt Eagle Soaring expenses clip Sophocles Zoullas-led Eagle Bulk's wings in second quarter amid strong revenue growth.
Bad to worse Kansai Kisen, the Japanese ferry operator bailed out by MOL, almost doubles first-half loss forecast.
Repair boost UK yard group A&P wins overhaul of SeaFrance ferry, safeguarding Tyneside jobs.
Many feared dead Frantic search for at least 30 in South Pacific as ferry capsizes off Tonga, one body recovered.
Smit inches up Dutch salvage and tug group defies economic downturn to post 9% rise in half year profits.
No way, Jose US-listed boxship owner baulks at requests from CSAV and Hapag Lloyd to renegotiate charters.
NOL runs red Singapore liner operator books $146m loss in first quarter taking first half losses to $391m.
TBS tanks Effects of global stimulus packages yet to reach smaller bulkers says US listed handysize specialist.
More at Mundra Indian port defies gloom with strong set of first quarter cargo numbers, plus 76% jump in profit.
Tamai expects less Japanese bulker owner chops full-year profit forecast in half as first quarter returns a loss.
Red to black Japanese shipbuilder Sanoyas turns around loss in first quarter, despite lack of new orders.
Two suspects after Norway oil spill Work on clearing up oil following the grounding of the Panama-registered bulk carrier Full City is in progress on the Norwegian south coast. The Norwegian Coastal Administration reports that
Golar LNG Energy seeks Olso listing Golar LNG will apply for a full listing of Golar LNG Energy's shares on the Oslo Stock Exchange after an equity offering raised over USD 100 million. "Golar LNG Limited
Foreign minister slams ransom The German Foreign Minister Frank-Walter Steinmeier has slammed Leonhardt & Blumberg Reederei for paying a ransom of USD 2.1 million for the release of their container vessel Hansa Stavanger
Baltic Breeze I crew finally paid The crew of five Lithuanians on board the coaster Baltic Breeze I have now finally been paid and left the vessel, which is lying in Vejle, Denmark. The Swedish owner
Lithuanian seamen kidnapped Armed men attacked Limarko Shipping Company's reefer vessel the Saturnas on August 3, when the vessel was anchored off Nigeria. Five crew members were taken hostage, the kidnappers left the
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