French marines repel pirates with gunfire French marines aboard trawlers in the Indian Ocean fired on pirates to repel a dawn attack last Saturday, as two vessels used in the attack were subsequently captured by Seychelles coastguards, sources said.
Lloyd Fonds AG offers more security on investments Lloyd Fonds AG, a leading German initiator of closed-end funds and other structured investment products based in Hamburg, is offering more security on secondary market funds. ...
Shipping industry updates flag state performance table The Round Table of international associations (Bimco, International Chamber of Shipping/International Shipping Federation, Intercargo and Intertanko) have published their latest "S...
New logistics centre near Minsk The Belgian investment firm AOI NV (Antwerpse Ontwikkelings en Investeringsmaatschappij NV) will invest USD 300 million in the construction of a multifunctional logistics cent...
Science to Business GmbH applies for kanban patent LOGIS.NET, a centre of excellence for transport and logistics in the Weser-Ems regional innovations strategy of Science to Business GmbH of the University of Applied Scie...
Weko supports expansion of Post monopoly Switzerland's competition commission (Weko) has approved the merging of the early delivery operations of Swiss Post, the NZZ group and Tamedia. This hands a new monopoly to th...
Maersk Line launches service to Petrolesport Maersk Line has included OJSC Petrolesport (a Global Ports Investments Plc company) in its service schedule. PLP has become the second stevedoring company in the Bolshoy port of Sa...
Mitsui OSK Lines to apply Europe-Asia peak-season surcharge Mitsui OSK Lines will apply a peak-season bill of lading surcharge for all shipments from Europe and the Mediterranean to Asia for all equipment types. The USD 100/teu surchar...
KLM's 90th Anniversary KLM is celebrating its 90th anniversary. KLM Royal Dutch Airlines was founded on 7 October 1919 for the Netherlands and its colonies. KLM is the oldest airline in the world still o...
David Albaiceta is new general manager Asia-Pacific at Lufthansa Cargo Charter The charter experts in the Lufthansa Cargo group have found a genuine all-rounder to replace Eric Erbacher as general manger in Asia. David Albaiceta, a Spanish national who speaks...
Vale agrees to tender VLOCs in Brazil MINING giant Vale plans to order an unspecified number of very large ore carriers in Brazil.
Lula urges Vale to look to home market
EU ferry compensation plan opposed PROPOSAL could bankrupt small companies.
Somalia fails to get bulk of piracy aid LESS than one third of the aid pledged by international donors six months ago to boost security and fight piracy has been received.
Battistello defends Contship management of Medcenter terminal CECILIA Battistello responds to stinging criticism from union.
London Greeks unhappy with shipping ministry shake-up LOSS of Ministry of Merchant Marine is a great loss to the community.
Clipper rejects tax allegations DENMARK'S Clipper Group today firmly denied paying bonuses into offshore accounts for up to 50 staff to avoid paying tax
ABG fully complied with tax laws ABG Shipyard of India has asserted that it has fully complied with income tax laws
Angola snubs US for LNG exports ANGOLA is looking for new LNG export markets as prices in the US continue to fall
Laeisz firm despite Wadan pressure TENSION between German owner Reederei F Laeisz and the administrator of insolvent Wadan Yards over two container ship newbuildings is growing
Storms will generate rice imports PHILIPPINE agriculture officials have predicted the country will need to increase rice imports to 2M tonnes next year
Tanker charterers maintain pressure TANKER charterers maintained the downward pressure on VLCC tanker rates this week
Klaveness stays loyal to Philippines NORWEGIAN dry bulk shipping company TKG is to continue with Filipino seafarers on its vessels as the company looks to an upturn in the sector
Shipping is still a risk business Since September 1, a remarkable eight tropical cyclones have hit the Western Pacific; five of which became typhoons, with two reaching Super Typhoon status. The storms have hit late in the season, and tragically the latest, Typhoon Parma, claimed the lives of 11 seafarers early this week when a feedership was engulfed and sent to its watery grave.
Energy Star sold Japanese-controlled panamax said to have fetched comparatively low $29.5m from Greek buyers, possibly Safety Management.
Trico after $400m Norwegian unit of Trico Marine Services prepares to issue $400m in notes to pay existing debt.
Give in Evangelos Marinakis says Chinese and Korean shipyards must bite the bullet and allow newbuilding order cancellations.
Miner eyes local Roger Agnelli-led Vale says it has launched a tender process with domestic shipyards to potentially build bulkers in Brazil
'Nothing sinister' Clipper Group executive says company "very upset" about being associated with tax dodging probe.
Notes priced Hercules Offshore prices $300m senior secured notes at 97.4% of principal amount.
Driller gets loan Brazil's Odebrecht Oil and Gas earns $1.5bn line of credit to build two drillships for Petrobras.
Chemoil faces loss Red ink on the way in the third quarter for Singapore-listed tanker and bunker player, warns CEO Mike Bandy.
Greek tragedy? Shipping body laments axing of Greek marine ministry but Capt Panayiotis Tsakos spies a plus side.
Saved by sale India's Chowgule Steamships posts higher six-month profit due to offloading 1995-built bulker.
TOPS suit settled Lawsuit over $1.8bn Texas Offshore Port System settled, sending Oiltanking to find new investors.
No tax tricks India's ABG Shipyard dismisses accusations of tax evasion as it confirms raids at offices and "officials' premises".
Ready and waiting The question of what constitutes valid notice of readiness is back in court in a dispute over a VLCC chartered to a John Fredriksen linked company.
Kolkata shuts Indian port will not handle boxships until 17 October due to congestion and equipment breakdowns.
'Shore spillage' International Andromeda Shipping official says the company's chemical tanker is not responsible for an oil spill of Brazil.
Crew pay shame Union seeks back pay for crew stranded in Liverpool after Norwegian owner goes bust.
Gard in Rita win London to host Gulf of Mexico hurricane damage fight between Norwegian marine insurance group and Swiss reinsurer.
HH cuts by half Swedish ferry company to shed 100 of 200 jobs as freight volumes fall.
Greener reefers? New Zealand study claims boxships emit 27% more greenhouse gases than reefers.
It's quotes time Sergey involved in some Frank exchanges in a London court while capesize rates get cursed.
Pipavav falls Initial momentum fades as Indian shipbuilder makes trading debut in Mumbai.
New5 in Numb3rs Nobu Su and AP Moller-Maersk are shedding tankers and Bertram Rickmers is chasing VLOC newbuilding switch.
Essar eyes sale Indian group could offer shares in shipping and oil businesses as part of global expansion.
PD to go UK ports company to be bought by Canada's Brookfield to ease Babcock & Brown's debt.
Half must go RS Platou's Bjorn Bodding says 50% of dry-cargo newbuildings need to be axed to balance market.
Laker leaks One crewman reportedly injured as elderly bulker takes on water in Ohio Great Lakes port.
Cash for clunkers Andreas Sohmen-Pao backs idea of bunker levy to encourage green scrapping and help industry.
Greek ro-ro sinks Veteran vessel goes down in Aegean after collision with bulker, killing one crewman.
Vipco surges Vietnamese tanker owner's shares reach 17-month high after profits rise to end-September.
No-go Australian passenger/livestock ro-ro stays put in pay dispute with crew.
Down on cruise Moody's predicts another tough year for the industry, but expects improvements from 2011.
Two missing Search on for crew after cargoship sinks in storm off Indonesia.
Watch out! Ships warned after explosives-filled containers fall from vessel off Papua New Guinea.
Added incentive US west coast port of Long Beach offers help to encourage extra containers through terminals.
Clipper staff in tax trouble The Danish tax authorities have caught a number of people employed by the Clipper Group in Copenhagen in an action against Danes with money in tax shelters around the world
Arctic Sea anchored off Gibraltar According to Russian prosecutors the controversial cargo ship Arctic Sea is anchored off Gibraltar. They dismiss earlier information alleging the ship was under escort to Algeria by the Russian frigate d
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