Supertankers may refuse oil cargo: Frontline Supertanker owners may start refusing cargoes within the next three months unless rates return to a profitable level, said Frontline, the biggest operator of the ships which carry almost half the world's oil.
Baltic Dry Index declines for fifth straight week The Baltic Dry Index, a measure of shipping costs for commodities, fell for a fifth consecutive week as easing port congestion and fleet expansion pressured rates to hire capesize-class ships.
Thomas Mahrer new head of environmental department at EuroAirport Jürg W. Tschopp, who was in charge of the environmental department at EuroAirport Basel Mulhous Freiburg, retired on 28 August. He was replaced by Thomas Mahrer, who will work...
Port of Le Havre has new director marketing and sales Hervé Cornede has been installed as the director of marketing and sales at Grand Port Maritime du Havre, which operates the French port of Le Havre. He most recently served as the&...
Panalpina wins KCA Deutag Global Freight tender Building on an existing strong and successful partnership with KCA Deutag, Panalpina has been formally awarded additional business in the key regions Angola, Gabon, Libya, Azerbaij...
Itella Logistics is the new GLS partner in Estonia The GLS Group, headquartered in Amsterdam, began collaborating with Tallinn (Estonia)-based Itella Logistics O' at the beginning of this month. This has knocked one ...
Raben Group opens first cross-docking hub in Ukraine The Raben Group, a Poland-based transport and logistics service provider with Dutch roots, recently opened a 5,400 sqm cross-docking warehouse in Ukraine. Andrzej Kozlowski, d...
Weapons confiscated from containership Weapons from North Korea apparently destined for Iran were discovered on and confiscated from the containership "ANL Australia" at the end of July, according to CMA CGM, ...
Regular new CSCL service for Khorfakkan Gulftainer, a leading regional ports management and logistics firm, has reported a new connection at the Khorfakkan Container Terminal (KCT), which it operates on behalf of the Sha...
New SE Shipping link connects Europe, Pacific, Australasia and South Africa SE Shipping Lines has commenced a breakbulk liner service called the SE Three Oceans Line, which connects Northern Europe with Pacific islands and Australasia and returns to Europe...
Port of Hamburg handles ore ships en masse The port of Hamburg lived up to its reputation as Germany's largest universal maritime centre in the past few days, handling calls from several large bulk freighters. The "Rubena N...
SNCF and Eurotunnel acquire Veolia Cargo The SNCF group and the Eurotunnel company have teamed up to acquire Veolia Cargo, the railfreight business of the Veolia group. Veolia Cargo, Europe's leading private railfreight o...
Saadé slams European ban on liner conferences BRUSSELS accused of penalising Europe's owners.
Rates slump will see more single-hull tankers scrapped ANOTHER 10 vessels will be sold for scrap in the next month, says Frontline boss Jens Martin Jensen.
Costa Crociere bookings leap 20% COMPANY's summer bookings jump but revenues and earnings slip.
Nakilat bonds given stable outlooks FITCH awards strong ratings for two secured bonds due in 2003.
Brussels sets cap on chartered vessels eligible for tax benefits MOVE to prevent management know-how from fleeing Europe.
Monsoon fails India's farms INDIA is suffering through the driest monsoon season for nearly four decades, which has harmed agricultural output
Saadé to sell CMA CGM assets CMA CGM plans to sell off assets because of losses expected this year, chairman Jacques Saadé has announced
Euronav serves up $200M in bonds BELGIAN tanker company Euronav today launched up to $200M worth of fixed rate senior unsecured convertible bonds to raise extra funding
Arctic Sea reporter quits A RUSSIAN maritime journalist at the centre of the Arctic Sea mystery resigned today as editor of the Sovfrakht Maritime Bulletin
Everybody needs rules; but are the 'Rotterdam Rules' the answer? The Netherlands port city of Rotterdam is gearing itself up to host a Colloquium and other events surrounding the opening for signature of the United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea - the 'Rotterdam Rules'.
Sharp improvement for Skuld Douglas Jacobsohn, president of the P&I Club Skuld, was able to present some pleasing figures to the members at the Club's AGM. The result was boosted by the lower
Wadan Yard's German shipyards sold Gazprom board member Igor Yusufov, who is also the Russian President's special representative in energy questions, has bought the German shipyards in Warnemünde and Wismar from Wadan Yards for EUR
Maersk sells its own shares to raise cash A. P. Moller-Maersk gained DKK 8.26 billion after a surprising sale of 250,340 B shares in the company. Earlier this year, CEO Nils Smedegaard Andersen announced that the
30 DFDS seafarers laid off DFDS Group has laid off 30 seafarers on their Danish flagged vessels in order to cut costs as part of the Lightship programme. The programme's aim is to save around
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