Baltic Dry Index may gain 15% next yr: STX The Baltic Dry Index, the main measure of commodity shipping costs, may jump 15 per cent in 2010, aided by a recovering global economy, said STX Pan Ocean Co.
U-Ming to increase fleet by 20 ships U-Ming Marine Transport Corp, the bulk shipping unit of Taiwan's Far Eastern Group, plans to add at least 20 ships in the next five years as it expands into the crude carrier business, chairman Douglas Hsu said.
Toll Global Forwarding appears on UK roads Toll Global Forwarding's name is starting to appear on UK roads, with the arrival of the first container vehicles in its livery. The vehicles replace BALtrans units, as the latter ...
Railfreight volumes decline in Germany The worldwide economic slump has led to railfreight volumes declining dramatically in Germany. The railways carried 226.4 million t of raw materials and industrial products in the ...
Ökombi sets new truck record on the Brenner ro-mo Ökombi, the operator of the Brenner ro-mo and a 100% subsidiary of Rail Cargo Austria, had already beaten last year's record result (206,000 trucks) by November, having carried 210...
New EU road transport rules for fairer competition New regulations governing road transport come into force recently in the EU that are expected to generate administrative savings of EUR 190 million a year. This latest road package...
SDV acquires Europacific Forwarding in Australia SDV, a subsidiary of Bollor' Logistics, is affirming its ambitions in Australia with the acquisition of Europacific Forwarding. Europacific was created in 1982 in Brisbane, and the...
Wim Bosman group now an authorised economic operator The 's-Heerenberg-based Dutch freight forwarding and logistics group Wim Bosman was recently accorded full authorised economic operator status (AEO). This status - which also appli...
Fiege taking over Leaf Deutschland logistics activities The Fiege group is taking over the logistics activities of Leaf Deutschland on 1 January 2010. The German subsidiary of the Dutch corporation Leaf International primarily supplies ...
Barig signs remuneration contract for Frankfurt airport The Board of Airline Representatives in Germany (Barig) co-signed a contract to gradually raise the fees at Frankfurt airport (Germany) up to 2011. Barig's secretary-general Martin...
Pirates receive Ariana ransom THE GREEK operator of the hijacked bulker Ariana told Fairplay today that it has paid a ransom for the ship's release
China plans steel import duty CHINA is planning to impose a preliminary duty of up to 25% on US and Russian steel imports
Soybeans boom in South America AN ANTICIPATED record crop of South American soybeans in the New Year could reportedly result in a decrease in US exports of the product to China
Record exports of Oz coal and ore AUSTRALIAN exports of coal and iron ore reached record levels in the third quarter, providing employment for bulkers on Asian trade routes
FESCO fumbles bank terms FAR EASTERN Shipping Company (FESCO) has run into a debt refinancing problem with Russian state bank Vneshtorgbank (VTB)
Moscow proposes pipeline tariff RUSSIA'S Federal Tariff Service (FTS) has issued a proposed transportation tariff for crude oil shipments through the Eastern Siberia Pacific Ocean pipeline to the new tanker terminal at Kozmino
US newbuild plan derailed CONSTRUCTION plans for three Jones Act product tankers for AHL Shipping have collapsed after a credit facility default and Chapter 11 filing by the vessel-owning entities
Delays blamed Lawyer for bankrupt newbuilding companies says delays and defective work led to deal's problems.
FMM backs order Through Bndes, Merchant Marine Fund bankrolls Log-In Logistica's order for two bulkers at Eisa.
Fluvialba takes 60 As Chavez and Fernandez meet, Pdvsa-controlled owner is set to order for 50 barges, 10 tugs and six bunkering tankers at Argentina's Tandanor shipyard.
Brazil funds FMM Announcing a new economic stimulus package, treasury minister says $8.5bn is headed to shipbuilding fund.
Atlantic fights After bankruptcy of AHL-linked newbuilding companies, Atlantic Marine shipyard seeks to cancel one contract and defend its liens on the rest.
Ransom paid Greek bulker held for over seven months close to freedom as owner confirms ransom paid on Thursday.
Fire hits Steiner Casino vessel Sun Cruz X suffers fire at US shipyard during conversion.
Green relief Norwegian reefer owner reduces debt repayments by half in deal with banks, but may have to sell ships.
Polembros banned Judge sentences Greek owner to a fine and ban from US ports in a ruling in line with Polembros' plea agreement.
Nice work Scotland-based DOF Subsea wins $8m survey ship contract ' for 18 days work.
Keppel wins trio Singapore offshore yard group secures FPSO, derrick lay barge and drilling rig upgrade contracts.
Nauta sells Polish shiprepairer issues two-year bonds to pay for acquisition of part of Gdynia Shipyard.
'Disaster' warning Worsening weather could cause 'environmental catastrophe' from hijacked Greek VLCC in Somalia, IMO fears.
Orange squashed US report finds juice carrier collided with dredger because master failed to tell crew of ship's tendency to sheer.
Buying both Douglas Hsu's U-Ming Marine looking for more 10 bulkers and $1.2bn worth of tankers over next five years.
Titan downgraded Moody's revises rating on Hong Kong VLCC owner and shipbuilder's $315m bond downwards.
Doosan to deliver Korean ship engine maker gears up for IPO in 2011 on the back of stable revenue from order backlog.
Cracking up Hull crack puts 2007-built fast ferry Iyanough out of service in New England.
Smit cash sought Boskalis launches EUR230m equity offering to fund takeover of Dutch towage and salvage outfit.
Oiler overhaul Todd Shipyards wins maintenance contract for Military Sealift Command tanker Henry J Kaiser.
Alaskan windfall US shipbuilder Marinette Marine wins order for $123m research vessel.
GA cuts back Seasonally low demand sees Grand Alliance temporarily chop route from China to US for winter.
COP15 Exclusive: Talks begin on mitigating bunker fuel emissions Support being shown for option 1 of the bunkers text, says Copenhagen source.
Further losses across Europe Good bunker demand in Rotterdam.
Fujairah and Durban bunker prices tumble Ample avails of 380 cSt material in Suez.
Fuel oil inventories steady ARA stocks still holding above last year's levels.
Nuclear propulsion for merchant ships Research focusing on tankers, bulk carriers, container ships and cruise ships.
Bunker prices tumble Lower prices fail to stimulate demand.
FOBAS issues advice on EU Sulphur Directive Provides responses to 59 'frequently asked questions' in run-up to new 'at berth' sulphur requirement.
Singapore residual fuel falls from peak Buying interest resumes ahead of the new year.
Singapore supplier offered bribes of $52,500 Surveyor and receiving ship's chief engineer conspired to short-supply bunker fuel.
Fundamentals put pressure on energy prices Hedgers looking to protect against bunker prices rising in Q1 2010 can take advantage of the recent drop in prices.
Titan ratings downgraded Negative outlook on all ratings as company struggles with tight cash flow and weak earnings.
Petrobras charters locally built bunker tankers Plans to charter a total of 19 vessels as part of a program to boost the local shipbuilding industry.
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