PSA container volumes up 7.3% in 2008 Despite the slowdown in world trade, PSA managed to still post an increase in container throughput for 2008, and its globalisation strategy continues to pay off with the pace of growth at its non-Singapore business actually outstripping the local operations.
Alfa Laval to cut 1,000 jobs as orders slide Alfa Laval AB, the world's biggest maker of heat exchangers, said it will cut 1,000 jobs in the first half of 2009 as shipmaking customers cancelled orders.
Chicago boat show to focus on buyers with smaller budgets When the Chicago Boat, RV & Outdoors Show opens this week, exhibitors have a ready answer for consumers spooked by the deep economic downturn and surging unemployment.
Pirate's body washes ashore with US$153,000
Seoul slammed for jailing officers of Hebei Spirit
Logistics
Indian truckers call off strike Indian truckers yesterday called off an eight-day strike that had nudged up prices of commodities and disrupted supplies of industrial goods, after talks with the government on measures including cuts in tolls and taxes.
PSA container volumes up 7.3% in 2008 Despite the slowdown in world trade, PSA managed to still post an increase in container throughput for 2008, and its globalisation strategy continues to pay off with the pace of growth at its non-Singapore business actually outstripping the local operations.
Alfa Laval to cut 1,000 jobs as orders slide Alfa Laval AB, the world's biggest maker of heat exchangers, said it will cut 1,000 jobs in the first half of 2009 as shipmaking customers cancelled orders.
Chicago boat show to focus on buyers with smaller budgets When the Chicago Boat, RV & Outdoors Show opens this week, exhibitors have a ready answer for consumers spooked by the deep economic downturn and surging unemployment.
Pirate's body washes ashore with US$153,000
Seoul slammed for jailing officers of Hebei Spirit
Logistics
Indian truckers call off strike Indian truckers yesterday called off an eight-day strike that had nudged up prices of commodities and disrupted supplies of industrial goods, after talks with the government on measures including cuts in tolls and taxes.
Kingfisher to connect Bangalore and Dubai Kingfisher Airlines, a private Indian carrier, is launching a service between Bangalore (India) and Dubai (UAE) on 8 February. The flights will be operated daily using an A320 airc...
Paramount to enter cargo business Chennai (India)-based Paramount Airways is planning to launch a cargo division and also set up a flight catering business, which will be based in south India. The cargo division wi...
Boeing faces financial demands State-owned Qatar Airways is threatening to demand compensation from Boeing for the late delivery of the B787 Dreamliner. The delay has affected the airline's expansion said Ali al...
Swiss fund to buy troubled Lithuanian airline Investment fund Swiss Capital Holdings has agreed to buy the financially troubled Lithuanian airline flyLAL, the carrier said. The airline, the former state carrier, was priva...
New vehicle carriers face lay-up SHIPOWNERS face the prospect of placing vehicle carrier newbuildings directly into lay-up as new car sales slump.
Cars pile up as Russian imports slump
Idle LNG ships pin hopes on gas projects AS MANY as 30 liquefied natural gas carriers from a tradeable fleet of about 287 are sitting idle.
Police fear for health of kidnapped Panagopulos MASSIVE police hunt has been mounted by Greek police following the armed abduction of Pericles Panagopulos.
India trucker strike suspended INDIA'S eight-day national strike by truckers was called off this evening after a meeting between the government and the All India Motor Transport Congress union
Panagopoulos abducted in Greece GREEK shipowner Periklis Panagopoulos, who heads bulker company Magna Marine and founded Superfast Ferries, was kidnapped this morning in Athens as he was leaving his home in the Greek capital's southern suburbs
Gazprom warns of 'new impediments' THE EC said today that "there are no further reasons or excuses to delay the resumption of the gas supply" from Russia to Europe via Ukraine
Behind oil market's jitters OIL PRICES fell by more than $2 a barrel today as US unemployment figures for December deflated the market and jitters followed the fall of Brent Crude for February delivery to $45.12
Hamburg Süd shuffles SA services HAMBURG Süd has overhauled its service from the South America's East Coast to the US Gulf and Central America
Alfa Laval to axe 1,000 workers A LEADING transport heating and cooling provider, Alfa Laval of Sweden, has axed 1,000 jobs because demand for its products has dropped, a spokesman told Fairplay today
UK/France ferry route planned A NEW fast-ferry service linking British port Ramsgate with its French counterpart will start in March, the route operator has announced
ILA readies contract demands Longshore union listing proposals on wages, safety, jurisdiction and other issues ahead of contract negotiations to begin in February
Lines diverting Vancouver ships as union talks go on
Ransom demand Kidnappers of Greek shipowner Pericles Panagopoulos are reportedly asking for EUR 40m.
Fears for ill owner Greek police warn "kidnappers should be very careful" as Pericles Panagopoulos needs daily medication.
Loan weight lifted Bulker and tanker owner OceanFreight scores new loan terms that ease vessel value requirements.
Ships skip BC As labour talks continue past a key deadline, operators are diverting ships to nearby US ports.
Korea responds South Korean officials defend a report into the Hebei Spirit accident that led toimprisonment of two Indian officers.
Owner snatched Police in hot pursuit as Greek shipping stalwart and driver kidnapped at gunpoint in Athens.
More fireworks? Steen Bryde to propose sale of fleet and dissolution of Nordic Tankers to shareholders meeting.
Alfa wields axe Engineering group to cut workforce by 1,000 as $53m of marine orders cancelled.
STX in PSV bid STX Europe's North American engineering arm takes aim at Petrobras offshore tenders.
Loan for Lamnalco UAE based offshore vessel operator secures $125m loan to refinance existing AHTS fleet and buy newbuildings.
Troublesome trio Odd Brevik's Deep Sea Supply is demanding more than $12m for three delayed seismic newbuildings, but Scan Geophysical won't cough up without a fight.
Propulsion fails Electrical problems are blamed after post-panamax Maersk Kawasaki loses propulsion in a California channel.
OSG rescues 162 Heavily pregnant woman amongst Somali refugees saved from sinking boat by OSG tanker off Malta.
Faina fury Current master of hijacked Ukrainian arms ship lashes out at owner as detention heads for 16 weeks.
Five a day axed Scrap market smoking as it reaches its highest level in two decades ' but prices are holding firm, report says.
DFDS appeals fine Lithuanian arm of Danish group is not happy with double penalty for Vytautas spill.
Blaze ship death Romanian engineer of Panama-flagged ship which caught fire in Suez Canal found dead.
Sale terminated Solstad pulls sale of anchor handler after mysterious buyer fails to pay up.
Arms ship wanted US Military Sealift Command seeking vessel to carry "ammunition" to Israel from Greece.
Seoul doubt Is there a market for passengerships to make a 15-hour crossing from Korean capital to China?
Rescue mission New Zealand ferry picks up two sailors from yacht with broken mast in Cook Strait.
Double trouble Two Wilson mini-bulkers suffer engine-related incidents off Norway and Germany in last four days.
Kristiansen in Gulf Nav gets new CEO as Per Westoft Kristiansen moves in to replace Simon Barham.
Topaz two taken Dubai-based owner nets $42m deal with Total for brace of anchor handlers.
Hellenic extends Fotini Karamanlis-led Greek bulker outfit ties up panamax for another two years, but at lower rate.
PAL thinks big Indonesian yard could push up revenues 30% this year as it closes on new $60m state loan.
Port offer Bangladesh's new government could allow seven landlocked Indian states to use its port facilities.
Pirates drowned Five Somali gunmen die after boat capsizes as it brings ashore Sirius Star ransom cash.
Shreyas sells Indian shipowner confirms departure of ageing boxship in $972,637 deal.
Court rejects claim from Prestige master It was ok for a Spanish court to impose a EUR 3 million bail in the case against Apostolos Mangouras, master of the ill-fated tanker Prestige that sank in 2002 and caused a 70,000-tons oil spill. The verdict ...
Maritime lobby office forced to close One of the maritime lobby organisations in Brussels has been forced to close its office for financial reasons. Alliance of Maritime Regional Interests in Europe, Amrie, has for 15 years been lobbying for short sea shipping solutions and has managed ...
Pirates drowned when Sirius Star was released The VLCC Sirius Star was released on January 9, after having been hijacked by pirates since November 17. A USD 3 million ransom was dropped from a plane. The pirates divided the money and left in a number of boats ...
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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