China hosts int'l talks on piracy China on Friday opened a two-day international conference on efforts to protect shipping in the Gulf of Aden from Somali pirates, the Defence Ministry said.
Baltic Dry Index up 9.4% for 6th weekly gain The Baltic Dry Index, a measure of shipping costs for commodities, posted a sixth weekly advance as rates for smaller iron-ore transporters rose to the highest in more than a year.
DB Schenker Rail building port of Szczecin hinterland links Karsten Sachsenr'der, a member of DB Schenker Rail's management board, told customers at a meeting in the DB Port Szczecin (Poland) that his company is planning to further strength...
Panalpina profits slide The Basel-based Swiss transport and logistics corporation Panalpina Welttransport (Holding) registered a 34.7% decline in net forwarding revenue in the first nine months of 2009, f...
K+N inaugurates huge logistics centre in Hamburg Ole von Beust, first burgomaster of the free and hanseatic city of Hamburg, and Klaus-Michael Kühne, Kuehne + Nagel International's president of the board, inaugurated one of the K...
JCL acquires majority stake in Kraus & Pabst The Austrian enterprise JCL Transport und Logistik, which is based in the Cargo Center Graz, acquired 74.9% of the German forwarding company Kraus & Pabst in early November. JCL wi...
Logwin returns to profit zone in Q3 The Grevenmacher-based Luxembourgian freight forwarding and logistics company Logwin has returned to the profit zone. After three successive quarterly losses the corporation genera...
Klaus-Michael Kühne worried about port of Hamburg Klaus-Michael Kühne, Kuehne + Nagel International's president of the board, has urgently called on politicians and players in the Hamburg port economy "to do more to make sure...
New direct Rotterdam-Salzburg railfreight shuttle The port of Rotterdam is set to receive a direct Salzburg railway shuttle, with calls at the Rail Service Center (RSC) in the Eemhaven area and at the ECT Maasvlakte facility. The ...
TEN Profits Plunge TSAKOS Energy Navigation's profits dropped 95% to $2.1M in the third quarter as charter rates fell 37%. Revenues decreased 33.4% to $82.8M in the quarter
Statoil plans for a busy future NORWAY'S Statoil is determined to maintain high levels of activity despite the downturn, it told Fairplay today
Balkans to resolve border dispute BALKAN neighbours Croatia and Slovenia have signed a deal to settle a long-running border dispute
West Africa oil co welcomed ANALYSTS have cautiously welcomed the imminent establishment of a new oil company to exploit reserves in West Africa's Gulf of Guinea
The dark side of containerisation In the same week that the UK's BBC 'The Box' year-long container monitoring project reached its final destination, proudly perched on the forecourt of Television Centre, London; another 36 of Malcom McLean's proteges were being prised open in disgrace at Israel's port of Ashdod.
Panalpina still suffering
Evergreen disputes media lay-up reports
MOL ups rates on strong demand transpacific westbound tradelane
Yosemite sold Eastwind Maritime lumber carrier fetches $6m on the auction block in Vancouver from low-profile Turkish owner.
Crew lucky WebTV footage shows rescue of crew from the storm-stricken general cargoship Lucky Dragon.
No jail time After master sent to prison, Theotokos chief engineer sentenced to five years of probation, including ban from US.
Construcap busy Brazilian construction firm negotiating to build yard in Brazil's south also is setting up facility at the port of Suape.
Sold and replaced Nikolas Tsakos' New York-listed company sells 2002-built suezmax, with the buyer keeping an option to buy a sistership. Sungdong newbuildings replace.
First AHTS laid-up Eidesvik Offshore confirms stacking of the anchor handler Viking Troll due to insufficient spot market rates.
'Windy' plot Yuri Privalov admits conspiring with Richard 'Windy' Gale as $17m ship valuation from Clarkson comes under scrutiny.
Navigators up New York insurer Navigators Group posts higher profits as net written premiums rise in the marine sector.
Flinter adds five Dutch cargoship player to merge Finnish owner Nordic Chartering's fleet into its operations.
Lipp service? Geneva's Lipp Brasserie was site of disputed meeting between Sovcomflot executives and broker Chris Bonehill to discuss gift of yacht to President Putin.
HOS accordion Hornbeck Offshore Services strikes amendment to credit facility permitting $100m increase.
$50m at risk Compensation for Ivorian claimants from the Probo Koala case could fall into the wrong hands.
China pulls clear Chinese owners extend their lead over their Greek rivals as largest buyer of dry tonnage as S&P market takes off in October.
It's quotes time A shipbroker denounces greed, a shipping executive admits to being a thief and a shipowning family have a tiff.
Tanker trough Greek owner Tsakos Energy Navigation's nine-month profit slashed, but anticipates better markets next year.
Slow going for JES Delayed deliveries hurt Singapore-listed shipbuilder's bottom line in the third quarter.
New5 in Numb3rs K-Line switches boxships for capesize trio at Hyundai Heavy, Jo Tankers laughs off sale talk and Clarksons pinpoints VLCC price crash.
Banking on oil CH Offshore says rates will not fall further with oil above $75 per barrel as its first quarter profit slips.
Shanghai switch NOL's latest cost cutting initiative will see 200 jobs decamped from Shanghai to Chongqing.
Sado to soar Japanese ferry owner forecasts strong final quarter to boost result after racking up nine-month loss.
Oops! Boxship Husky Racer loses 18 containers at Bremerhaven, with eight falling on to neighbouring Maersk vessel.
Crewman lost A 27-year-old feared dead after falling from German containership in Elbe near Hamburg.
Garware goes long Indian owner ties up spot-trading PSV on two-year deal in the North Sea worth nearly $10m.
Shih Wei chopped Taiwanese bulker owner still making a profit this year, but gains shrink dramatically.
Levant launch Maersk Line reaches out to eastern Med and central Europe with new service from Adriatic.
Finnish failure Cruiseferry owner Viking Line records bigger loss in first six months as depreciation costs rise.
Kyoei cut Japanese tanker owner sees profit fall in weaker first-half markets.
Seadrill pays out John Fredriksen-led rig owner restarts dividends as it reports four-fold increase in third quarter profits.
'Off the bottom' Todd Hornbeck finds sole bright spot after US offshore owner lays-up more ships in the third quarter.
New S'pore yard SembCorp Marine to spend initial SGD750m on new facility in Tuas to combat drydock capacity shortfall.
Seanergy flat Restis drybulk operation sees little improvement in results despite acquisition of more ships.
Ferry deaths Two Dutch nationals killed in collision between Hong Kong passengership and sand barge.
We're out Korea's KTB Securities will not bid for troubled domestic shipbuilder C&Heavy.
Inui crashes Japanese bulker owner posts huge fall in interim profit as revenues plunge.
Statoil slams down on politicians The global energy company Statoil slams down on Norwegian politicians for not permitting access to new areas on the Norwegian Continental Shelf, especially areas off Lofoten, Vester'len and Senja, for
Polar Marine cancels newbuilding Polar Marine, a joint venture between GC Rieber Shipping and Otto Marine, cancels newbuilding no 7038 due to delays. The vessel was ordered in May 2008. The cancellation has been
Ace Link working on a reconstruction plan Ace-Link is working on a reconstruction plan for the service between Helsing'r and Helsingborg. In the plan, which was presented to the court of Helsing'r on November 5, the
Fuel and emission saving solution Hull and propellor cleaning will prevent wasted bunkers and cut CO2, expert advises.
Bunkers follow crude prices downward High values from earlier in the week give way to lower numbers.
Petro Star to offer ultra-low sulphur diesel Refinery reopened following last year's fire.
Software delivers 'up to 20 percent fuel savings' Seaware Routing version 5 upgraded to optimise short sea passages.
IMO Legal Committee clarifies Bunkers Convention certificates Draft resolution on the issuing of bunker certificates of insurance to bareboat-registered vessels.
Bunker prices mixed in Europe No reports of congestion in Hamburg, although prices firming.
Prices end week firm in Middle East hub Fujairah prices up but Durban numbers heading lower.
Two more fuel oil cargoes sold Discounts deepening in face of product surplus.
Container line pushes through rate rises Operator points to rising fuel costs and strong demand.
Markets lack clear direction 380 cSt in Singapore hit another 13-month high after rising a dollar.
Fuel oil stocks up in ARA Inventories 40% higher than at this time last year.
Bigger players 'better placed' for managing risk Also trading more conservatively than smaller players.
Marine fuels first product on new commodity exchange Launched this week, NX-R aims to develop forward markets in various physical commodities.
Bonded bunker transfer centre operational at Qingdao Port has invested $29.3 million in the project.
Chinese refiner secures long-term crude supply Petrobras secures $10 billion loan; to export 200,000 bpd to Sinopec unit.
Chimbusco arm starts supply at Longkou nds history of no bonded oil supply at the Chinese port.
China to up bonded storage capacity by 37% Development will benefit three regions and be completed in 2012.
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