US joining UN accord against Somalia piracy The United States is signing onto an international plan to fight piracy off the coast of Somalia, committing itself to a leadership role to protect one of the world's busiest shipping routes.
Grubb takes over as VP of UPS Asia-Pac Christopher Grubb will take over as vice-president of UPS Asia-Pacific from Joseph Guerrisi, who is moving to UPS's headquarters in Atlanta after five years in the role.
US govt asks seamen to resist pirates The US government warned mariners on Tuesday to expect an increase in piracy off the Horn of Africa and in the Indian Ocean and counselled seamen on US-flagged ships to be prepared to defend against boarders.
UTi Worldwide net profits down The logistics service provider UTi Worldwide reported net profits of USD 11.8 million from continuing operations in the second quarter ending 31 July, compared to USD 28.5 million ...
Bucharest logistics terminal officially opened by Gebr'der Weiss The Austrian freight forwarder and logistics corporation Gebr'der Weiss officially opened its logistics terminal in the Romanian capital Bucharest recently. Operations in the centr...
Garbe setting up logistics centre for Caterpillar Motoren Garbe Logistic, a German logistics real estate developer, is establishing a 16,500 sqm logistics centre in Henstedt-Ulzburg (on the A7 motorway between Hamburg and Neum'nster) for ...
Odense Steel Shipyard splits into two divisions The Odense Steel Shipyard has said that it will divide the organisation into two divisions - Lindø Industrial Park and Lindø Shipyard. Lind' Industrial Park is undergoing a develop...
300,000 dwt ore carrier "Rigel" ready for K Line The construction of the "Rigel", K Line's third 300,000 dwt ore carrier, was completed by Universal Shipbuilding Corporation Ariake Shipyard on 8 September. The very large ore carr...
Etihad Airways launches Abu Dhabi-Chicago flights Etihad Airways, the national airline of the United Arab Emirates, has launched thrice-weekly flights from Abu Dhabi to Chicago, the carrier's second US destination and its third in...
Hactl air cargo tonnage picks up The air cargo tonnage throughput of Hong Kong Air Cargo Terminals Limited (Hactl) has picked up gradually. 206,810 t were handled in August, representing a relatively mild year-on-...
German cartel authority allows Air Berlin-TUIfly deal The German cartel office will allow Air Berlin to take over TUIfly's city flights network from winter 2009/2010. TUI and Air Berlin signed an agreement in March and (originally) de...
CMA CGM chairman Saad' calls on EU to "save European shipping lines" Jacques Saad', the chairman of the board of the shipping group CMA CGM, has appealed to the European Commission, national governments and banks to "save the three large Europe...
MSC has no desire for bailout funds MSC chief Gianluigi Aponte says company will not be among those queuing for state handouts.
Zim rescue plan taking shape PARENT company Israel Corp approves transaction report to be presented to shareholders next month.
MAIB slams CMA CGM over safety complacency REPORT says death of Ville de Mars chief officer resulted from complacency.
Exim loan could pave way for distress buys, says OSG LOAN signifies our desire for long-term relationship in China, says chief Morten Arntzen.
Tanker giants ready to pounce as asset prices bottom out GENMAR and OSG eye opportunities as they predict wait for prices to bottom out will be over by end of 2009.
Poland yards 'on borrowed time' POLAND'S yards are "living on borrowed time", the EC told Fairplay today
Italy, Spain ink cabotage deal SPAIN AND Italy today signed an accord to launch public tenders for new sea motorways
MSC to launch Euro-Philly line MSC IS launching a box service linking Europe with Philadelphia
New life for cruise shares ROYAL Caribbean and Carnival shares have jumped on a more optimistic investor outlook for 2010, Wells Fargo analyst Tim Conder said today
Tallink raises passenger total ESTONIA'S ferry group Tallink said its passenger total increased by 15% during the past financial year, which ended on 31 August
Algoma ship loss Self-unloader owned by Algoma Central and Seaway Marine breaks up in the Pacific.
Sungdong spac Special acquisition corporation takes seeking to take South Korean shipyard player to a Nasdaq listing.
US talks tough Warning of a piracy ramp up, US Maritime Administration urges American mariners "not to surrender at first sign of a threat."
B+H scraps Michael Hudner-led owner's products tanker reportedly fetches $393 per ldt for demolition in Bangladesh.
New sales Denmark's Norden offloads another two bulkers - newbuildings due from Japan by November.
Carbon cutter MOL's sleek new car carrier design to slash emissions by 41%.
Singapore swing SS Teo lifts Chang Yun Chung's wealth but shipowner's enjoy mixed fortunes in list of Lion Republic's 40 richest people.
Owner issues Dof Installer eyes $7m from private placement to help pay for anchor handler on order at STX.
Eidsiva bags NOK Director Thomas Wilhelmsen the major contributor as Norwegian owner completes $10.24m rights issue.
Ports plan Indonesia to boost East Java with scheme for three new terminals.
'Consistent' third As it revealed $50m in new contracts, Trico Marine Services says it expects quarterly results to be in-line with the second quarter.
Ferries needed US owner WSF ready to tender for at least two new ro-ro vessels.
Money box Colombian customs unearth over $11m in cash hidden in container arriving from Mexico.
Cruise climb Royal Caribbean and Carnival Corp on the up in New York thanks to falling dollar and upbeat outlook.
More time Europe extends deadline for Poland to find buyer for Gdynia and Szczecin shipyards after previous deals failed.
IHB down Bulgarian shipyard group's half-year earnings fall as revenues decline.
Ports for sale Israel lines up IPO for minority chunk of Ashdod and Haifa terminals.
Serious slip Complacency blamed after chief officer died in tank fall on his birthday on board CMA CGM boxship.
EMS in the money Oslo-listed firm rakes in NOK 400m from bond issue.
Omega plunges Kassiotis-led products tanker owner sees shares fall after analyst downgrade and worse-than-expected results.
Zim warns on debt Israeli boxship giant could head for court if creditors reject recovery plan, parent Israel Corp warns.
Chinese checked Ports giant China Merchants sees first-half profit drop as container volumes fall 19%.
Yard sold German group SIAG taking over ThyssenKrupp's Nordseewerke to build wind energy systems.
Brazil gig Subsea engineering and construction company Subsea 7 wins four year charter for a pipelay vessel.
Segamat sold Malaysia's EA Technique is selling a small LPG carrier with funds going towards cutting borrowings.
STX inks loan South Korean shipowner secures finance to help fund pair of VLCCs ordered at sister yard.
Cido sells pair German owner and KG financier Martim Equity pick up 1,700-teu containerships at "half price".
Teekay replaces Tanker giant agrees new ten-year charter with Caltex Australia for ship bought from Italians.
Odense CEO quits his job Finn Buus Nielsen, CEO of Odense Steel Shipyard, has decided to leave his position on November 1, 2009. Finn Buus Nielsen is 60 years old. 'Finn Buus Nielsen has been
Crude slides lower on stockpile report But weak dollar still helping to keep prices supported.
Mixed day for European bunker prices LSFO premiums narrow in Hamburg, prices in the south mostly softer despite firmer cargo values.
Denmark's bunker fund progress Danish Maritime Authority tells Sustainable Shipping it remains committed to GHG reduction initiative.
ARA fuel oil inventories climb Report says no cargoes were exported to Asia.
Existing technology could cut ship emissions by 50% MOL says new generation of energy saving ships will be 'technically practical in the near future'.
Engine manufacturer welcomes 'scrubber' endorsement W'rtsil' says doubts about the effectiveness of scrubbing as an alternative to low sulphur bunker fuel have been answered.
'Doubts' on ZIM's ability to continue as 'going concern' KPMG highlights a close to $2 billion working capital deficit.
Bunker prices in Singapore and Busan firm Hong Kong and Tokyo markets present mixed movements.
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