Bumi Armada charts dominance course Bumi Armada CEO and executive director Hassan Basma is very clear about the company's ambitions over the next two years. 'In a nutshell, I want to be No 1,' he tells BT after the recent launch of Bumi's second floating production storage and offloading (FPSO) vessel, the Armada Perdana.
Hapag-Lloyd owners will extend lifeline The owners of Hapag-Lloyd are preparing to give the German container shipping company further financial support, several sources told Reuters.
Daewoo Shipbuilding buys US wind-power firm Daewoo Shipbuilding & Marine Engineering Co, the world's second-largest shipyard by sales, acquired DeWind Inc of the US for about US$50 million to move into the wind-turbine industry as orders for vessels slumped.
Star Cruises shares up on plans to sell bonds
Shipping veteran's secret to success is to reinvent
Marine industry sails on the Net's wave
Reconciliation for Koreans after years of abuses
Strait Talk
Difficult times ahead for box lines THE half-year results released by Neptune Orient Lines (NOL) last week - showing a core loss of US$379 million - are a stark reminder of the dire condition of the container trade.
Shipping Times
More oversight needed for US subway systems Before June's deadly subway crash, no federal agency stepped in to ensure that the Metro commuter rail system found and fixed the electrical circuits now suspected of contributing to the worst accident in the system's history.
Britain's vehicle scrappage scheme a success British motorists have bought more than 150,000 new cars under a vehicle scrappage scheme, reaching the half-way mark in an initiative to boost the troubled car sector, the government said on Monday.
Bumi Armada charts dominance course Bumi Armada CEO and executive director Hassan Basma is very clear about the company's ambitions over the next two years. 'In a nutshell, I want to be No 1,' he tells BT after the recent launch of Bumi's second floating production storage and offloading (FPSO) vessel, the Armada Perdana.
Hapag-Lloyd owners will extend lifeline The owners of Hapag-Lloyd are preparing to give the German container shipping company further financial support, several sources told Reuters.
Daewoo Shipbuilding buys US wind-power firm Daewoo Shipbuilding & Marine Engineering Co, the world's second-largest shipyard by sales, acquired DeWind Inc of the US for about US$50 million to move into the wind-turbine industry as orders for vessels slumped.
Star Cruises shares up on plans to sell bonds
Shipping veteran's secret to success is to reinvent
Marine industry sails on the Net's wave
Reconciliation for Koreans after years of abuses
Strait Talk
Difficult times ahead for box lines THE half-year results released by Neptune Orient Lines (NOL) last week - showing a core loss of US$379 million - are a stark reminder of the dire condition of the container trade.
Shipping Times
More oversight needed for US subway systems Before June's deadly subway crash, no federal agency stepped in to ensure that the Metro commuter rail system found and fixed the electrical circuits now suspected of contributing to the worst accident in the system's history.
Britain's vehicle scrappage scheme a success British motorists have bought more than 150,000 new cars under a vehicle scrappage scheme, reaching the half-way mark in an initiative to boost the troubled car sector, the government said on Monday.
Bumi Armada charts dominance course Bumi Armada CEO and executive director Hassan Basma is very clear about the company's ambitions over the next two years. 'In a nutshell, I want to be No 1,' he tells BT after the recent launch of Bumi's second floating production storage and offloading (FPSO) vessel, the Armada Perdana.
Hapag-Lloyd owners will extend lifeline The owners of Hapag-Lloyd are preparing to give the German container shipping company further financial support, several sources told Reuters.
Daewoo Shipbuilding buys US wind-power firm Daewoo Shipbuilding & Marine Engineering Co, the world's second-largest shipyard by sales, acquired DeWind Inc of the US for about US$50 million to move into the wind-turbine industry as orders for vessels slumped.
Star Cruises shares up on plans to sell bonds
Shipping veteran's secret to success is to reinvent
Marine industry sails on the Net's wave
Reconciliation for Koreans after years of abuses
Strait Talk
Difficult times ahead for box lines THE half-year results released by Neptune Orient Lines (NOL) last week - showing a core loss of US$379 million - are a stark reminder of the dire condition of the container trade.
Shipping Times
More oversight needed for US subway systems Before June's deadly subway crash, no federal agency stepped in to ensure that the Metro commuter rail system found and fixed the electrical circuits now suspected of contributing to the worst accident in the system's history.
Britain's vehicle scrappage scheme a success British motorists have bought more than 150,000 new cars under a vehicle scrappage scheme, reaching the half-way mark in an initiative to boost the troubled car sector, the government said on Monday.
Agility's profits grow in H1 Logistics service provider Agility has reported rising profitability for the first half of 2009. Revenues declined by 9% to KWD 821 million in H1/2009, compared to H1/2008. Operati...
Karl Gross opens new China office The medium-sized Bremen-based German enterprise Karl Gross Internationale Spedition recently opened an office near two industrial consultancies operated by two customers in the Chi...
FedEx Trade Networks opens Brazil and Asia offices FedEx Trade Networks, a subsidiary of FedEx, has expanded its global presence with seven new freight forwarding offices in Asia and Latin America. FedEx Trade Networks opened new f...
JAL makes huge loss JAL lost USD 1 billion in the last quarter, as the global economic downturn and swine flu fears caused a slump in passenger numbers. The group announced drastic cuts to its flight ...
Gottwald lands another contract in Georgia Poti sea port, on the Black Sea in Georgia, has ordered two HMK 260 E mobile harbour cranes from the D'sseldorf-based German company Gottwald Port Technology. The cranes can handle...
Freight volume declines in port of Rostock 10.9 million gross t of freight were handled in the port of Rostock (Germany) in H1/2009, 3.1 million t or 22% less than in the like-for-like period last year. The maritime port's ...
Long Beach recycling facility features on port website video A massive recycling facility at the port of Long Beach (USA) turns discarded refrigerators, railroad cars, buses, fence posts and other metal trash into a major export item. ...
Horizon Lines tops Drewry's punctuality list Horizon Lines, one of the USA's leading domestic ocean shipping and integrated logistics companies, which is based in Charlotte NC, has topped London-based Drewry Shipping Consulta...
Tanker Pacific places vessels into lay-up COMPANY lays up vessels in response to dismal spot market rates for suezmaxes and product tankers.
Hijacked crew may have been coerced THE Arctic Sea crew at the centre of hijacking speculation may have been acting under duress when the vessel reported to the British coastguard.
Hapag-Lloyd shareholders still locked in talks NO agreement between shareholders reached, amid signs of a split about how much each should contribute.
Tonga official quits in sinking TONGA'S transport minister resigned today amid new revelations about a ferry that sank last week off the South Pacific nation, with the loss of at least 95 lives
Casualties follow Asian storms CASUALTY alerts are flooding in after huge storms left Asian maritime industries reeling
Lease-cutting costs tip Top TOP SHIPS has taken a financial hit from its lease cancellation strategy but claims to be well positioned for the future, with no remaining capital commitments
Mystery surrounds 'lost' ship REPORTS continued to conflict today on a cargo vessel reported lost at sea with 15 Russian crewmen since July
NCL saves way into black NORWEGIAN Cruise Line turned profits in its second quarter by spending less on fuel and switching from US crews to cheaper foreign seafarers
Sea4 resists takeover bid NORWAY'S Sea4 told Fairplay today it has advised its shareholders to resist a takeover bid by GC Rieber
Ship halted for asbestos check MARGARET Hill, an LNG carrier, has been stopped from leaving Southampton for scrapping on asbestos fears, a UK Environment Agency spokesman told Fairplay today
International master organisation to act in Finneagle case On 29 March this year, an oil spill was detected from the Swedish-flagged ro-pax vessel Finneagle in regulary service between Nådendal in Finland and Kapellskär in Sweden. The
Unsecured hatch cover on Langeland The Swedish Coast Guard has again filmed the Norwegian coaster Langeland, lying at a depth of about 100 metres in the Koster Fjord on the Swedish west coast. The film
Lindø quits shipbuilding from 2012 Odense Steel Shipyard will cease shipbuilding as of 2012 when the current contracts have been completed. The official decision was taken on Monday this week at a board meeting held
Stena Line strengthens capacity on Irish Sea ' unclear situation for newbuildings Stena Line has acquired the SeaFrance Manet which, after upgrading, will be deployed on the Stranraer'Belfast route as complement to the Stena Voyager and the Stena Caledonia. The vessel
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