Will fall in iron ore prices help drybulk sector? Drybulk shipping companies get a large chunk of their revenue by carrying iron ore across the oceans, and with prices of the raw material set to see a steep fall this year, industry observers are divided if it would provide succour to a recession-battered drybulk sector.
Container volume in Feb down 17% in China China's port container volume in February fell 17 per cent from a year ago, the Xinhua news agency reported yesterday, reflecting a persistent slowdown in the country's export sector.
Korean Air to expand cargo business Korean Air is planning to increase its annual airfreight tonnage to 2.5 million t, up from the 1.66 million t it carried last year. It also wants to boost the number of passengers ...
Thai Airways planning full-freighter activities Thai Airways International is evaluating options for its planned full-freighter activities, which it hopes will boost cargo revenues by THB 4 billion (USD 110 million) a year. Prue...
All or nothing for Lufthansa for takeover of Austrian Germany's Lufthansa says it is all or nothing now for its Austrian Airlines takeover bid. CEO Wolfgang Mayrhuber said he would drop his airline's offer to buy the Austrian carrier ...
Yes we can, China's Wen insists CHINA'S economy, of which shipbuilding accounts for 10%, is expected to grow by 8% in 2009, Prime Minister Wen Jiabao has told the country
Box fall hurts Russia's FESCO THE COLLAPSE of container rates and box volumes is causing severe problems for the only Russian company directly exposed, FESCO
Man hurt in gangway collapse MAJORCA'S port of Palma reopened today, about 24 hours after a cruise passenger, 80, was seriously injured when a gangway to MSC Fantasia collapsed in gale-force winds
Ocean freight alliance launched SEVEN freight forwarders from Germany, Belgium and the Netherlands said today they have joined forces in a new ocean freight alliance called the International Co-operation of Forwarders
Ramsgate/Boulogne route opening BONANZA Express is being readied for a new four-times-daily fast ferry service linking Ramsgate with Boulogne
Owner expected to abandon ship THE OWNER of a 40-year old cargo vessel arrested in Ireland seems likely to walk away from any responsibilities for paying crew, a labour inspector has told Fairplay
Bad Moon Rising Drewry Shipping Consultants' latest financial health check projection for ocean carriers is a look into the abyss, and it is not recommended for the feint-hearted.
Taking on water US Coast Guard responding as suezmax tanker lists and takes on water off Galveston, Texas.
Viking buy denied Noble Group denies reports that it has bought capesize bulker from Belgium's Bocimar.
Upright and stable Coast Guard says SKS Satilla is no longer listing, but cause of incident still unclear.
No attachment Argentina's Rio Santiago shipyard succeeds in throwing out attachment effort in Casanna lawsuit.
'We will survive' Herman Billung vows to give whatever it takes to save Golden Ocean as news of potential equity issue sends its stock spinning.
US teu down 18% February container traffic at US ports comes in 17.7% lower than a year ago, but March gap is expected to shrink.
BW scraps oldie Jan Hakon Pettersen-led owner books a net loss on the recycling of a 29-year-old LPG carrier.
Insurer loses more New York's Nymagic posts wider $19.8m loss as investment portfolio continues to suffer.
It's quotes time Everyone seems to want to know what's left in John Fredriksen's pockets after his latest visit to a "hole in the wall" machine.
Big spender China's Tianjin Port Group ready to invest $1.87bn on boosting coal and crude-handling capacity.
Gulf Island falls Louisiana marine fabricator reports plunge in fourth-quarter profits, which came in far below analyst estimates.
Fugro boosts divi Dutch offshore group lifts 2008 shareholder payout after profit rise but will be keeping a closer eye on its spending in the year ahead.
Futures bright Dry-cargo trading volumes jump 102% during the past month as Imarex's derivatives deals climb 29% to $688m in February.
Charterama lift-off New charterer liability insurance scheme signs first customers within days of launch.
Evasive action South Korean boxships to avoid North Korean waters as tensions rise between two countries.
Ganz in at Hapag TUI finance chief to take similar role at container line he helped to sell.
Yard reprieve Poland's cash-strapped Remontowa seals deal with banks to avoid defaulting on currency option contracts.
Detention warning Denmark vows to get tough on domestic fleet after six vessels detained over safety in first two months of 2009.
Bharati builds Indian yard clinches $54m deal to build interceptor ships for the country's coast guard.
Glowing reference US watchdog report finds no evidence North Korean shipowners are transporting weapons of mass destruction.
Yard death Worker killed by falling metal sheet at shipyard in northern Turkey's Kocaeli Free Zone.
False alarm Forgotten bike on board Washington state ferry sparks four-hour US Coast Guard missing person search.
Attacks drop US officials say naval ships off Somalia getting results, but longer term outlook remains uncertain.
Insurers cough up Ezra and KS Energy joint venture receive payout over liftboat lost overboard from heavylift ship.
Growth for ADP ports in 2008 Associated Danish Ports (ADP), the parent company behind the port operations in Fredericia, Middelfart and Nyborg, had a nice 2008 with growth of several types of cargo. At Fredericia there
Better than expected in Maersk Line Maersk Line, the liner division in the A. P. Møller-Mærsk Group, had a better 2008 than expected. Despite the decline in the market, the division managed to almost double
More passengers, less cargo on Tallink ferries 1.8 million passengers travelled with ferries belonging to the Tallink Group from December to February, the second quarter of the company's fiscal year (1 September to 31 August), up
Fewer attacks off Somalia ' more off Nigeria According to the US State Department, 17 per cent of the pirate attacks off Somalia this year has been successful. This is down sharply from the 64 per cent successful
All time high revenues for Greek shipping Greek shipping raked in EUR 19.2 billion in 2008, according to Bank of Greece. The state of the world economy started to have effect in the two last months
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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