LNG tanker rate to stay low Charter rates for liquefied natural gas (LNG) tankers may stay low because of a surplus in LNG shipping capacity, Merrill Lynch & Co said.
Busan port sees upturn on the cards South Korea's Busan port, the world's fifth- busiest, took a hit from the worst global downturn in decades but now sees first signs that the slump may be approaching the bottom, an executive said yesterday.
Agrati outsources distribution centre to Kuehne + Nagel The Agrati Group, a European market leader in the design and production of fastening systems for the automotive and industrial sectors, has awarded Kuehne + Nagel a four-year contr...
Scan-Trans Project Services joins GPLN Scan-Trans Project Services, headquartered in Barcelona (Spain), is the newest member of the Global Project Logistics Network (GPLN). Scan-Trans Project Services is a well-kno...
Weber Distribution with new customer Weber Distribution, a leading third-party logistics and supply chain management provider, has entered into an agreement with SunOpta, a specialist in sourcing, processing and distr...
Geodis Wilson sets up new distribution facility at London Heathrow The forwarding specialist Geodis Wilson, which belongs to the French forwarding and logistics group Geodis, has taken a long-term lease on a new distribution facility at Londo...
Schmitz Cargobull to eliminate 500 jobs Schmitz Cargobull is letting go of 500 workers in order to adapt to a drop in demand. The company said that measures such as shorter working hours and ...
Etihad Crystal Cargo awarded Cargo 2000 certification Etihad Crystal Cargo, a division of the Arabian carrier Etihad Airways, has been awarded the Cargo 2000 quality certification by the International Air Transport Association (I...
Beef up naval presence, urges BIMCO USE of spotter planes and focus on tackling motherships needed to curb Somali piracy.
Talks underway to free Maersk Alabama master
Excel plans 'unaffected' by $329m fourth quarter loss FOURTH quarter write-downs and other book losses have dragged Excel Maritime Carriers to a net loss of $44.7m for 2008.
Cosco to slash 2009 capital expenditure by 37% CONTAINER terminal operator braces for 'unprecedented challenges' in 2009, as profits slump 36%.
Transpacific carriers on brink THE Transpacific Stabilization Agreement has proposed "unprecedented" minimum Asia-to-US freight rates for 2009-10 contracts to prevent some carriers from ceasing service
Hapag's CEO details shake-up MICHAEL Behrendt, Hapag-Lloyd's CEO, has confirmed reports about a major restructuring at the world's sixth-largest container line
Pirates still hold captain PIRATES continued today to hold a box ship's captain in a small boat after the Maersk Alabama's crew dramatically retook the vessel
Lanka to sue as acid ship sinks SRI LANKA'S navy said a Turkish tanker carrying more than 6,000 tonnes of sulphuric acid sank today off the east coast
Use Q ships against pirates? NAVIES should take a page from history to battle piracy by resurrecting the Q ship tactic from the 20th Century's two world wars, a security professional has told Fairplay
US Shipping sues Blackstone US SHIPPING Partners revealed today that it has filed suit against private equity firm Blackstone, its partner in a Jones Act product tanker newbuilding programme at NASSCO
Happy Easter from Fairplay BECAUSE of the Easter break, Fairplay Daily Email News will not be sent on Friday or Monday
It is time to rid shipping of this piracy scourge The unfolding events of the hijacking of the US-flagged container vessel the Maersk Alabama this week and the subsequent hostage taking of its master has propelled the Somali piracy problem back into the mainstream news. One can only imagine the angst that the boxship's crew experienced as they suffered a sustained five-hour-long assault by pirates armed with AK-47 assault rifles; and not least the distress felt by the brave captain's family back in his home town, sitting and waiting for news of his safety.
MSC Beatrice boost for European ports
US destroyer puts the heat on Maersk Alabama pirates
Pirates hold Maersk captain hostage The crew of the U.S. flagged container carrier Maersk Alabama has re-taken control of their vessel, according to Maersk Line Limited. "The armed hijackers who boarded this ship earlier
Eitzen cancellations reach eleven vessels Camillo Eitzen & Co has cancelled six 2,500 cbm gas tankers ordered from Sasaki Shipbuilding in Japan. The move follows the cancellation by Eitzen Chemicals of five 12,000 DWT chemical carriers
Korean shipyard refuses to deliver newbuildings Hanjin Heavy Industries is refusing to deliver three 6,500 TEU container carriers to IRISL, Iran's largest shipowner. The vessels are completed and are at anchor awaiting a solution. The shipyard
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