Drydocks looks beyond offshore marine sector SHIPYARD giant Drydocks World-SE Asia is looking for business beyond the offshore and marine sector to keep its four yards busy, says chief executive Denis Welch.
Bulk shipping rates to dip further: Nomura Commodity shipping rates will fall 74 per cent this year and drop further in 2010 because of weakening demand growth and expanding fleets, Nomura Holdings Inc said.
Shanghai shipping traffic rises on economic stimulus Shanghai, home to the world's second-largest container port, said international shipping through the city rose for the first time in seven months as the government's economic stimulus plan attracted more vessels.
Somali piracy still raging
How third-party ship managers are coping with the financial crisis
Port of Tacoma continues support for environment protection The Port of Tacoma is continuing to support efforts to reduce diesel emissions in the Puget Sound region and has lauded voluntary environmental stewardship of ocean carriers and au...
SDV Logistics opens new refrigerated warehouse in France The French logistics company SDV Logistics, which is part of the Bollor' group, recently started operations in a new temperature-controlled warehouse in Rungis near Paris. The 6,00...
TNT and Con-way Freight join forces The Dutch post and express service provider TNT and the US freight forwarder Con-way Freight have agreed to collaborate in the transportation of airfreight consignments weighing mo...
Weiss-R'hlig opens Thai office The Austrian logistics service provider Gebr'der Weiss is investing in Thailand, having founded a joint venture in Bangkok together with its partner R'hlig. East-West Logistics, GW...
Massive capital increase for EIB The European Investment Bank (EIB) has approved a EUR 67 billion capital increase, which brings the bank's capital to EUR 232.4 billion. The capital increase was originally planned...
Trade Tech and Chubb group add marine insurance option Washington-based Trade Tech, a major supplier of web-based supply chain and transportation applications, has entered into a partnership with the Chubb Group of Insurance Companies ...
APM Terminals cites African progress at World Bank Hans-Ole Madsen, APM Terminals' regional vice-president for business development for Africa, the Middle East and India, discussed the progress made in Africa thanks to increased tr...
Hapag-Lloyd plans to shed UK jobs HAPAG-Lloyd is planning to outsource its UK documentation offices to its global service centres in India and China.
CMA CGM in $600m cost-cutting drive as profits slide FRENCH box line plans to cut operating costs by $600m in 2009 following a sharp slide in 2008 profits.
Saadé sees box consolidation CONTAINER shipping is particularly ripe for consolidation, CMA CGM's boss said today in reporting a fall in net profits
Rio Tinto Alcan cuts jobs RIO TINTO Alcan plans to cut more than 700 employee and contractor jobs
Maersk raises rates MAERSK Line announced a general rate increase today on many routes to the Middle East and South Asia
Beijing stimulus seen aiding ports CHINA'S ports stand to benefit from investments by the government to prop up the economy, shipping leaders have told Fairplay
Chávez finds new funds in Japan LNG PROJECTS in Venezuela will receive $10Bn of Japanese investments in the next five years, President Hugo Chávez said today
Russians play down ship seizure A RUSSIAN company whose subsidiary owns a ship under arrest in Georgia told Fairplay today it has no information about why the vessel strayed into a no-go zone
Yet another wound for CSAV CHILE'S CSAV got yet more bad news when another ratings agency graded down shares in the Valparaiso group
Finnlines ro-pax vessels change trades Finnlines continues to redeploy tonnage due to the changed market situation. The large ro-pax ferry Europalink will be transferred from Nordö Link to Finnlines' service between Helsinki and Travemünde
Close to one million passengers on Riga route By the end of March, a total of 920,900 passengers had travelled on Tallink's ferries on the Stockholm ' Riga service that celebrates its third anniversary. During this time, the ferries
Slight downturn in the passenger traffic to Sweden Statistics from Passenger Shipping Association in Sweden shows that the financial crisis has only slightly decreased the number of passengers on the ferries sailing to and from Sweden or in
318 helicopter rescue operations in 2008 The Danish airborne rescue service was called out 318 times in 2008. All told the rescue helicopters were alerted in 825 operations, but 507 operations did not relate to any
New ferry service Gotland ' Saaremaa? A test trip for a possible connection between the Swedish island of Gotland and the Estonian island of Saaremaa ('sel) may be carried out this summer. Renno Tammleht, managing director
Refiner to return to normal operations Turnaround at Singapore refinery blamed for bunker shortages in Hong Kong.
Shipping downturn could last beyond 2025 Projected fleet supply outpacing demand growth for many years to come, leaving market fragile.
Hong Kong group posts shipping loss Group profit down by 90% as shipping division returns loss following 42% increase in fuel costs.
ECA proposal 'boosts' prospects for scrubbers Plans from US and Canada for reducing harmful emissions will be difficult to meet by switching to low sulphur bunker fuel.
Asian: Singapore prices fall from five month high But prices in other ports still firming.
Singapore suppliers' contract dispute continues $12 million cargo dispute subject to arbitration in Singapore after US court rules it is not a maritime claim.
Aramco sells 380 cst cargo, offers 180 cst parcel Latest tender for 180 cst fuel is the refiner's eighth lot in a month.
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