Pacific Shipping Trust not planning on buying new vessels: CEO Singapore- listed Pacific Shipping Trust expects to maintain revenues in its second quarter as it is not planning to buy any ships, but it may face lowered charter rates for two of its vessels.
Samsung Heavy Q1 net profit falls on steel costs Samsung Heavy Industries Co, the world's second-largest shipyard, reported profit in the first quarter declined 12 per cent to the smallest amount in two years because of higher steel-plate prices.
Ceva manages Middle East logistics for Crocs shoes Hoofddorp (Netherlands)-based logistics company Ceva Logistics, one of the world's leading supply chain companies, has entered into a partnership with Iqdam International, the excl...
NRS expands US west coast operations National Retail Systems (NRS), a leading provider of global logistics services to US retailers and manufacturers, has opened a 15 acre distribution centre in Compton CA, near both ...
LGI wins additional Carestream Health deal Logistics Group International (LGI) recently won a new health care industry contract to handle "consumables" logistics processes for the Toronto-based Canadian company Carestream H...
Maersk seeking to sell Norfolkline A.P. Moller-Maersk has confirmed that it is in discussions with several parties about the possibility of selling its European ferry company Norfolkline. The company said that there...
Höegh Autoliners offering direct Europe-Mumbai link The "Höegh Berlin", the Oslo-based Norwegian car carrier Höegh Autoliners' vessel, will make a direct call from Europe at the port of Mumbai (India). The "Höegh Berlin", which can ...
Jobs secure at BLG The container activities of Germany's Bremen-based BLG Logistics Group have been hit by the global economic crisis, with German terminals registering a 17% deficit in the first qua...
Tiaca elects Ulrich Ogiermann as new chairman Ulrich Ogiermann, the president and CEO of Cargolux Airlines International, has been elected as the new chairman of the International Air Cargo Association (Tiaca). He was previous...
Germanischer Lloyd crosses gross tons record Germanischer Lloyd (GL) passed the 80 million gross tons threshold with the classification of the gas tanker "MT Gaschem Nordsee". More than 6,870 ships are currently surveyed on a...
Consolidate to attract new capital, says Slater SHIPPING needs wholesale restructuring if it is to secure new equity capital and debt financing, says First International chairman.
Ship finance slows as banks rein in lending
Rina warns over single-hull phase out move RINA chief Ugo Salerno says open registries' plan to call for deadline extension would be hugely counter-productive.
Hapag-Lloyd suffers E222m loss as rates and volumes plunge GERMANY's largest container carrier posts first quarter loss compared to '18.5m profit in 2008.
US LNG imports rebound AMERICA'S LNG imports have finally taken a positive turn after last year's severe declines
NTSB urges strict medical oversight The National Transportation Safety Board has issued a barrage of recommendations following their probe of the November 2007 spill of the Cosco Busan in California
Pirates free Greek ship PIRATES have released the bulker Malaspina Castle on Saturday evening, the owners have confirmed
Swine flu on cruise ship? INITIAL tests indicate that a crewmember aboard Royal Caribbean's Serenade of the Seas may have been infected with swine flu
'Rule B' cases abating BOCIMAR International is seeking a $7.4M attachment against Golden Ocean, but the previous flood of New York 'Rule B' attachment filings is slowing to a relative trickle
Russian destroyer defeats pirates THE RUSSIAN Navy destroyer Admiral Panteleyev has again defeated a Somali pirate attack on a Russian oil tanker in the Gulf of Aden
London team helping pirates? A TEAM of 'consultants' in London is directing Somali pirates to their targets according to a European military intelligence document obtained by national Spanish radio station Cadena Ser
Furetank to split from Maersk/Broström The Swedish owner Furetank Rederi has decided to terminate its co-operation with Maersk/Broström. "We have agreed on a solution that benefits all parties", says Lars Höglund, managing director
VLCC owners stands to loose USD 14,000 per day The pressure on VLCC rates is heavy. Stockholm Chartering reports that the rate for a Persian Gulf ' West Europe round trip has dropped to WS 18, corresponding to daily earnings
Scrapping escalates ' prices moves south The interest among shipowners to have elderly vessels scrapped is mounting and the combined vessel sales to the scrappers this year, is closing in on the total sales for the
Bunker prices open week a touch softer Rotterdam bunker market still tight for prompt enquiries.
Liner losses hit MISC Malaysian shipping company says its financial results are under pressure.
Wilhelmsen exploring new technology solutions In talks with several developers of emission abatement systems with marine market potential, says WSE president.
Bunker price gains 'cutting earnings to the bone' VLCC owners on benchmark route facing daily losses as rates collapse.
Singapore bunker prices slip Prices in Singapore and Hong Kong also softening.
O.W. Bunker to offer low viscosity product in Rotterdam Customers placing emphasis on 'quality fuel oil'.
Indian refiner offers early-June fuel oil cargo Indian fuel oil exports resuming as monsoon season begins.
Armada subsidiaries sold before insolvency No fraud was involved says financial advisor report.
Bunkering worries see coal buyers avoid SA terminal Players say replacement bunker tanker has 'much lower' pumping rate.
OPEC meeting has 'two options' Stocks currently at 61 days, according to an Iranian OPEC governor.
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