Cosco Pacific posts 56% drop in H2 profit Cosco Pacific Ltd, Asia's third largest container-terminal operator, posted a 56 per cent drop in second-half profit as the company did not repeat one-time gains of the previous year and the global recession dampened trade.
Deutsche Post mulls over stake in Royal Mail The German mail service provider Deutsche Post has begun negotiations to buy a stake in the UK's Royal Mail. Various newspapers reported that Deutsche Post manager had met boa...
Ceva Logistics expands activities with TecnoCom in Spain Ceva Logistics, one of the world's leading supply chain companies, has renewed and extended its contract with TecnoCom in Spain. TecnoCom is a leading Spanish information and commu...
JF Hillebrand reports higher sales in 2008 The JF Hillebrand Group, a specialised logistics service provider for the beverage sector, reported that it closed 2008 with the highest turnover in the firm's history. Sales ...
BAWC adds Chicago service British Airways World Cargo (BAWC) launched a second weekly freighter service to Chicago on 1 April. The additional Boeing B747-400F service will be routed from Stansted to Frankfu...
Schenker International (HK) Ltd names new managing director for South China at Schenker International (HK) Ltd selected Soren Poulsen as managing director, South China on 1 April. Poulsen graduated from a shipping academy in Copenhagen in 1991, and started hi...
Buss Group: new face in communication division The Hamburg-based Buss Group, a medium-sized provider of port, logistics, financing and logistics real estate services, appointed Melanie Moriz as its manager corporate communicati...
Yard blocks delivery of IRISL ships over stalled payment HANJIN Heavy refuses to hand over three boxships to Iran's biggest owner in first major stand-off of the shipbuilding crisis.
Iran changes 40 vessel names
Crew regains control of Maersk Alabama THE crew of Maersk Alabama, the boxship captured by Somali pirates Wednesday morning is said to be back under the control of its crew.
Hapag-Lloyd begins E500m cost-cutting exercise RESTRUCTURING will see company cut jobs and apply short-time work as well as reduce regional offices from five to three.
Maersk Alabama drama unfolds THE crew of the US-flagged Maersk Alabama has wrested control from Somali pirates who hijacked the vessel early this morning ' but the ship's captain reportedly remains a hostage
Excel posts massive loss EXCEL Maritime suffered a $329M loss in its fourth quarter after it wrote off goodwill on its Quintana fleet acquisition
US 'Rule B' uniformity sought A NEW US initiative seeks to instil more consistency for Rule B maritime attachment orders in the Southern District Court of New York, Fairplay learned today
Keppel Cebu, union settle KEPPEL Cebu Shipyard settled a month-long labour dispute today
Epic price for NCL's newbuilding NORWEGIAN Epic's cost has escalated to $1.2Bn, Norwegian Cruise Line has disclosed
Bank sees midyear China rebound CHINA'S economy might begin to rebound as early as the middle of this year, the World Bank predicted in its midyear report on East Asia and the Pacific
Hapag juggling gets dicey GERMAN container giant Hapag-Lloyd is under pressure to come up with a plan to cut €400M (nearly $530M) in costs in the next three weeks
Not over yet Maersk Alabama master still reportedly held hostage even after crew retakes control of containership.
Containers lost Boxship YM Taichung loses 14 containers and still has 26 damaged ones on board as it arrives in Los Angeles port.
Helix shares soar US offshore vessel player sees share jump by 31% to highest point in nearly three months.
Crew retakes ship US crew retakes control of hijacked Maersk Line containership Maersk Alabama and detains a pirate.
Ezra still strong Lionel Lee-led offshore owner sees adjusted bottom line rise by two thirds as revenue races.
Cruise cool down Hillary Clinton says the United States wants to put new restrictions on cruiseships that increasingly visit the coast of Antarctica.
Maersk ship hit Danish boxship with all American crew hijacked off Somalia less than a week after German boxship seized.
US 'monitoring' Obama spokesman says the White House has a close eye on the hijacked, US-crewed boxship Maersk Alabama.
Pirate impunity Maersk Alabama unlikely to be last ship snatched way off Somali coast as ships "are on their own", official warns.
Cosco bleak Hong Kong-listed port giant says 2009 shrouded with unprecedented challenges after full-year profit hurt by wave of financial trouble.
Crewman named Police identify worker who died after suffering crush injuries onboard a Technip vessel as David Stephenson.
Axel cleans slate Eitzen Gas axes its entire orderbook after paying $2.5m to eliminate six gas ships in Japan.
BHP's port pain Worker is struck by train at Port Hedland in latest safety blemish at miner's Western Australian operations.
'No overloading' Turkish owner of tanker in distress off Sri Lanka denies claims it was overloaded with sulphuric acid.
Eitzen axes five Oslo-listed shipowner chops chemical carriers in Japan to slice $175m from its orderbook as it sits down with banks to restructure debt.
EOC extends Singapore offshore player sees charter contract for accommodation barge extended in deal worth $8.8m.
Collision risk Two P&I clubs warn of an "increased risk of collision" off Singapore due to laid-up vessels.
Hijackers hold Maersk captain hostage The crew of the US-flagged container carrier Maersk Alabama has retaken control of their vessel, according to Maersk Line. "The armed hijackers who boarded this ship earlier today have Read more
Maersk vessel hijacked off Somalia Somali pirates have, according to unconfirmed press reports, hijacked the US-flagged container carrier Maersk Alabama, owned by Maersk Line Limited, Norfolk. The hijacking is reported to have taken place Read more
Nina to Vidar Shipping Turku-based Vidar Shipping Company Ltd has bought the 2,700 DWT dry cargo vessel Nina from Vallis Mare Ltd in the Meriaura group of companies. The vessel has switched from Read more
Norden manages eight per cent sulphur reduction D/S Norden reduced the sulphur content in bunkers by eight per cent in 2008. The average sulphur content of bunker oil was reduced from 2.51 per cent in Read more
Finstaship recorded loss in 2008 The deteriorating financial climate in the autumn of 2008 is clearly visible in Finstaship's result for last year. Finstaship is the government-owned shipping company for the Finnish icebreakers and
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