Greece cannot scrap Cosco port deal Greece cannot backtrack from a disputed port deal with Chinese transport operator Cosco that has sparked recurring strikes from protesting dockworkers, the Greek economy minister said on Sunday.
JFE ship unit needs time to assess merger JFE Holdings Inc's shipbuilding unit, Japan's second-largest by output, said plunging demand means it needs more time to assess a planned merger with IHI Corp's operations, 19 months after the tie-up was proposed.
Falling rates drive up storage of oil products in ships Traders increased the amount of heating oil and jet fuel stored at sea last month as declining freight rates made the transaction more attractive, said Simpson Spence & Young Ltd, the world's second-largest shipbroker.
New TX Logistik Oslo-Rotterdam intermodal link TX Logistik has started a new intermodal link between Oslo and Rotterdam. The intermodal freight forwarders Bring Logistics and Bring Frigoscandia, both 100% subsidiaries of the No...
Swiss road toll charges adjusted The Swiss customs authority has adjusted road toll charges for foreign vehicles, in a move arising directly from a recent judgement concerning Switzerland's distance-related heavy ...
Geodis Wilson appoints vice-president for Asia-Pacific region The freight management provider Geodis Wilson has installed Mathieu Renard Biron as regional vice-president for the Asia-Pacific region. He is responsible for spearheadin...
Aramex promotes regional specialist to key role Aramex, a global logistics solutions provider, has named Tommy Kelly as chief executive officer, Europe. Based at the company's Ballyboughal facility just outside of Dublin (Irelan...
Deutsche Post DHL Q3 revenues down Deutsche Post DHL, the world's leading mail and logistics service provider, saw its Q3 revenues fall by 18.6% to EUR 11.2 billion. The bottom line was a quarterly loss of EUR 83 mi...
Expeditors International Expeditors reports lower net profit Expeditors International of Washington Inc, a transport and logistics service provider based in Seattle WA (USA), made a third quarter net profit of USD 57.8 million, down by 33% f...
K+N to manage logistics requirements for Parker Drilling Parker Drilling, a leading contract drilling and project management solutions provider to the global energy industry, has entered into an agreement with Kuehne + Nagel to manage lo...
Alfred Talke Belgium to handle Benelux distribution for IMCD The IMCD Group, a leading international marketing, sales and distribution company for speciality chemicals, food and pharmaceutical ingredients, transferred its supply chain activi...
Online reservations only at Hupac The Swiss multimodal operator Hupac offers two e-booking systems for the reservation of transports to and from its terminals: web booking (also available via the Cesar platform) an...
New A330-200 freighter takes to the skies Airbus's A330-200F, its new dedicated freighter variant of the successful A330 family, recently took to the skies during a four-hour maiden flight over Toulouse (France). This mile...
Cuba signs $150M in investments CUBA HAS signed deals worth $150M at an investment fair in capital Havana, IHS Global Insight reported today
Beijing to lend $10Bn in Africa CHINA is strengthening its position in Africa by reportedly providing of $10Bn in low-cost loans over the next three years for ports and other infrastructure
Angola raises oil projection ANGOLA is reportedly predicting oil production of up to 3M barrels a day over the next five years, a boost to the tanker sector
Far from base, pirates foiled PIRATES today attacked a VLCC, in an assault farther from their Somalia bases than ever before staged
Higher margin bolsters DVB GERMAN shipping and transport bank DVB continues to rake in good profits despite the recession and higher default risk in many shipping segments
Maersk seeks TSA reunion DENMARK'S Maersk Line said today it has applied to rejoin the Transpacific Stabilisation Agreement after five years outside
TBS in the red TBS International posts $18.1m loss as revenues plunge and puts "current" tag on debt despite ongoing bank talks.
Computer glitch Sovcomflot corruption trial told that theft of laptop in mysterious burglary pointless as PC had new hard drive.
Phase 3 mulled Sergio Machado-led Transpetro is reportedly evaluating the potential for a third phase of tanker fleet expansion.
Ida shuts Loop Louisiana Offshore Oil Port closed to tankers, Mississippi River traffic halted, offshore production shutting down, ahead of weakening storm. Mexico port reopens.
Genmar notes sold Peter Georgiopoulos' General Maritime sells $300m in senior notes through private placement.
Maersk joins TSA Maersk Line has reapplied to join Transpacific Stabilization Agreeement in the hope of preventing the industry's woes from getting worse.
OSG sued Tanker owner faces class action lawsuits over takeover of spin-off OSG America.
VLCC hit Grenades fired at BW Shipping tanker in 'longest range Somali pirate attack ever'.
Message to myself Sovcomflot corruption trial told of cars gifted to shipbrokers and how Richard Gale wrote e-mails to himself.
FSO nix 'unlikely' Overseas Shipholding Group (OSG) doubtful that Maersk Oil will cancel contract for two 442,000-dwt floating units.
Sales lift Premuda Genoa-based Premuda remains in the black thanks to sales of vessels.
Treble trouble Rickmers Maritime hit by early charter termination as it postpones newbuilding payments and frets over delivery of two more ships.
B+H battered A $35m impairment following fleet clear-out sends Michael Hudner-led owner into the red in Q3.
Not again Korean steel giant Posco will not re-enter race to take over Daewoo Shipbuilding.
DVB dented Large writedown and slumping revenues send nine-month profit tumbling at German ship financier.
Quarter pounder Clarksons' CEO Andi Case tucks away '1.6m after slicing his holding in the London-listed shipbroker by over 25%.
Another fall Suez Canal posts lower revenue for October as vessel transits decrease.
In the balance Shipping Corp of India under pressure from some directors to pull out of loss-making container business.
Solstad stacks two Oslo-listed owner lays-up a construction vessel and an anchor handler and warns of severe PSV spot exposure in Q4.
Arms ship seized UAE-flagged vessel with illegal weapons reportedly snatched by Somali pirates, other ship attacked.
Less bulky Dry cargoship player Taiwan Navigation suffers big drop in nine-month profit as revenues slide.
Rickmers pays out Singapore-listed containership owner maintains dividend despite three-pronged financial burden.
TEN to NATS Is a Tsakos Energy Navigation suezmax is on its way to Nordic American Tanker Shipping?
No chocolate coins Alan Marsh buys $36,344 in Braemar shares as an early Christmas present to his children.
U-Ming chopped Taiwan's biggest bulker owner suffers in tough markets as revenue and profit plunges.
ICTSI falls Third quarter profit down at Philippines ports group, as volumes shrink in downturn.
Bourbon better French shipowner player sees third quarter revenues inch up on improved offshore activities.
Death trap Survivor of Princess Ashika ferry sinking gives testimony of terrifying moments leading up to the disaster.
Not just yet Japan's Universal Shipbuilding needs more time to assess merger with compatriot IHI due to downturn.
NATS slumps Nordic American Tanker Shipping reports third quarter loss of almost $12m on weak spot market.
NATS buys again Herbjorn Hansson-led suezmax specialist acquires eighteenth tanker: second purchase in a month.
Taiheiyo tumbles Japanese tanker and bulker owner slides to a loss of JPY5bn in the first half of the fiscal year.
Todd rises More federal and state business lifts US shipbuilder's second-quarter profit.
Acid leak in Oz Toxic spill in container has Melbourne fire crews scrambling to E R Schiffahrt boxship.
Reefers heat up Japan's Toei Reefer has returned to profit in the first half as costs fell.
Tamai turns red Japanese bulker owner slips to a loss in the first half on poor charter rates and property market.
ABB and Fincantieri cooperate on shore-based electricity ABB, a power and automation technology group, and Italian Fincantieri have launched a new joint project, targeting shore-based electricity for ships. The companies will collaborate on the construction, marketing
Second Capesize bulk carrier from Odense This week, Odense Steel Shipyard will deliver the second Capesize bulk carrier to the Greek shipowner Carras Hellas S.A. The newbuilding, hull no. 224, is named Aquaprincess and will sail
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