ASL Q1 net profit halves to $11.8m ASL Marine has reported a halving in first-quarter net profit to $11.8 million, from $23.9 million a year ago, on lower ship chartering revenue.
Q3 profit at Diana Shipping halved Diana Shipping Inc, a carrier of commodities including iron ore and coal, has said that third-quarter profit fell by half as transport rates declined.
Hactl announces October tonnage throughput Hong Kong Air Cargo Terminals Limited (Hactl) has reported its air cargo tonnage throughput for October 2009. The overall freight volume was further stabilised and began to pi...
Port of Gijon wins first Espo award The European seaports organisation (Espo) has presented its first Societal Integration of Ports Award to the port of Gijón in Spain for a project entitled "Gijón Port and City...
Further delays for Jade Weser Port The German port operator Eurogate reported that it did not receive a sufficient number of competitive offers for bitumen paving at the JadeWeser port, and that the tender proc...
Greece: tension rising at the port of Piraeus A Greek newspaper recently reported that tension is rising at the port of Piraeus (Greece) following recent industrial unrest. Port workers have been protesting against the pr...
DB Schenker to open new terminal in spring 2010 The German service provider DB Schenker is constructing a new logistics center near the Bulgarian capital Sofia. The EUR 10 million complex in Bozhuriste, just 20 minutes from...
Toll Group acquires LDS in the Middle East Toll Group, an Australian forwarding and logistics service provider, has acquired Logistic Distribution Systems (LDS), a Dubai-based international freight forwarding company. LDS p...
All aboard your new Fairplay STARTING with next week's issue, Fairplay will mean business from a fresh perspective
Wider piracy patrols agreed EU NAVAL units can pursue, arrest and detain Somali hijackers in the Seychelles region under an accord the EU has signed with the island government
Ultrapetrol swings to losses MIXED-fleet owner Ultrapetrol has fallen into the red on continued weakness in its South American river trade
Spain terminal ordered razed SPAIN'S Supreme Court has ordered Galicia to demolish a 300,000m' box terminal because it ruled the facility had been built "illegally"
Intertanko names new chief GRAHAM Westgarth was appointed today as Intertanko's new chairman
Dual cover-up Novoship manager admits producing false documents to approve double charter and fudging a later report after TradeWinds flagged up deal.
Bonus brawl Vladimir Oskirko's 2003 bonus withheld by Tagir Izmaylov despite the former Novoship finance chief's need for cash to cover his wife's operation, court hears.
Sea scenes Mountainous seas, a bulbous bow sun lounger and bioluminescence figure in the latest entries to TradeWinds' Photographer of the Year contest.
'No pressure' Former Novoship man Vladimir Sakovich was never threatened or bribed to support fixtures to Yuri Nikitin-backed companies.
Fistes quits Greek head of GrandUnion, left, steps down as Intertanko chairman to be replaced by Teekay's Graham Westgarth.
Norwegian attack Gunfight off Somalia as suspected pirates open fire on two boats sent from warship Fridtjof Nansen.
Davie improving Restructured Canadian shipbuilder cuts nine-month losses as work progresses on Cecon ships.
'Lay-ups loom' Farstad Shipping warns of more woe in offshore support sector even as its own profit soars.
Cash production Dutch FPSO player SBM Offshore banks EUR 181m from new share issue to expand fleet.
Greek ship seized Order Shipping's handysize Filitsa taken by pirates over 1,000 miles off Mogadishu.
Islamic fund first Fortis and QInvest kick off what they say is world's first Sharia'a-compliant ship finance fund.
Miss and hit Thai bulker player Precious won't make revenue target this year, but is eyeing further ship buys in 2010.
Black to red Korean bulker owner KLC hurt by lower rates in third quarter as result turns hugely negative.
Noble booms Hong Kong shipping, drilling and commodities giant announces best ever nine-month profit.
'No arms onboard' Pirates holding alleged smuggling vessel in Somali demand $3m ransom but say there are no weapons onboard.
Eitzen's cash dash Two private placements set to net $130m for Eitzen Chemical with Camillo Eitzen taking large chunk.
Bergen builds Norwegian shipbuilding group sees nine-month profit grow as offshore activity increases.
Pleas ignored Tongan marine engineer says he told bosses that tragic Princess Ashika was not in fit condition to sail.
CHO stake sold Fredriksen-controlled Deep Sea Supply has sold its stake in Singapore offshore rival.
Tokai rises Japanese ro-pax owner pushes up nine-month profit despite revenue falling back.
All dried up Ultrapetrol slumps to loss as 'worst drought in 70 years' hits river shipping sector.
Sale hits OCNF Losses from the sale of a panamax bulker push US-listed OceanFreight to a third quarter loss.
Japan holds 17 October port state control inspections lead to detention for two bulkers and slew of general cargoships.
Tankers lagging UK marine services group James Fisher performing "strongly", but coastal tanker fleet yet to improve.
Excel fixes two Gabriel Panayotides' bulker outfit moves two more of its ships to longer term employment.
Bucking the trend Michael Bodouroglou's Paragon Shipping sees third quarter profits dip only 5% despite market turmoil.
Green tie-up Italian shipbuilder Fincantieri and ABB are to partner in port cold-ironing joint venture.
Lost for words Sovcomflot corruption trial hears how large parts of a Novoship meeting agenda seemingly vanished.
Hurtigruten reports strong third quarter The Norwegian coastal ferry and cruise operator Hurtigruten reports a NOK 127 million profit for Q3 and NOK 151 million for the first nine months. The first nine months last
Greek port strikes illegal The Port of Piraeus has long been hampered by strikes and protests. The dock workers are protesting against the agreement signed by the Greek state giving Chinese Cosco a concession
Bulk carrier hijacked in the Indian Ocean Early this morning, the Greek-owned Marshall Island flagged vessel MV Filitsa was hijacked some 400 nautical miles north east of the Seychelles, according to the EU Maritime Centre. The
400 jobs in danger in Turku Next year, STX Europe may be forced to give notice to more than 400 employees and lay off the rest of the workforce at the Turku shipyard. After the delivery
Bergen Group posts strong third quarter figures The Norwegian shipbuilding group Bergen Group reports a strong third quarter, compared to the result in the corresponding period in 2008. "Bergen Group has managed to deliver satisfactory figures in
Danish container carrier attacked by pirates The Danish flagged container carrier Nele Mærsk was attacked by pirates in the Indian Ocean some 1,000 nautical miles east of Mogadishu, Somalia. The attack was carried out by one
New chairman for INTERTANKO Westgarth calls for cooperation with legislative bodies and other industry associations.
Prices still heading upwards While NYMEX shows losses in early trading.
'Misleading' to talk about 'bunker levy' Conflict between an emission trading scheme or a 'tax' on bunkers is counterproductive, says SEAaT.
Prices continue to firm in Middle East hub Fujairah fuel oil supplies could tighten in the weeks ahead.
Firming bunker prices 'boost liner ship demand' Shipping information service says slow steaming will ease tonnage surplus.
Shipping bodies warn against 'politicising' IMO Giving EU formal status 'will not help' UN body deal with environmental issues.
Increased demand for bunker quantity surveys DNVPS says 35% growth in Singapore shows quantity control remains high on operators' agenda.
Japanese refiner to cut bunker output New coker will mean less fuel oil from Cosmo.
Bunkers still firming despite very weak spot demand Singapore and Hong Kong, which regularly suffer from tight avails, are both very robust for prompt deliveries.
Underwater robots to track oil spills Aim is to predict where ocean currents will carry oil spills.
Demand for 180 cSt in Sydney high despite firm prices Leading supplier expecting spot supplies to run out soon.
CMA CGM takes delivery of 13,300 TEU 'giant' Newbuild can run at 'super eco-speed' of 14-15 knots.
Colombo to boost onshore storage New discharge pipeline to be in operation by the end of the month.
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