July container volumes hint at slowdown ending Container throughput at the Port of Singapore last month suggests that the slowdown in trade seems to be bottoming out and perhaps easing, Maritime and Port Authority figures show.
Hutchison Port H1 profit in largest fall in 8 years Hutchison Whampoa Ltd's port unit, the world's largest container-terminal operator, posted a 35 per cent drop in profit, the biggest decline in at least eight years, as trade plunged amid the global recession.
Mystery of missing ship Arctic Sea deepens Mystery deepened on Wednesday over a missing Russian-crewed cargo ship last seen in the English Channel last month, as specialists debated whether pirates, a mafia quarrel or a commercial dispute were to blame.
Rhenus wins German warehousing and distribution contract from ASA Selection The freight forwarding and logistics enterprise Rhenus took over warehousing and distribution logistics activities in Germany for ASA Selection recently, transporting ASA Selection...
GAC opens Rotterdam maritime service centre GAC Netherlands has opened a logistics and maritime service centre in Pernis, near Rotterdam, Europe's busiest port and the fourth-largest worldwide. The centre will increase effic...
Virgin America may buy Frontier Airlines' Airbus fleet Virgin America Inc, based in California (USA), may be interested in buying the 40 aircraft strong Airbus fleet of insolvent carrier Frontier Airlines, according to a Bloomberg news...
Germanischer Lloyd presents offshore service vessels' class rules at conference The current status of new class rules, and complementary solutions for the safer operation of offshore service vessels, were presented by Hamburg-based Germanischer Lloyd at the 3r...
PD Ports completes first phase of latest development PD Ports has completed the first phase of the development of its container terminal at Teesport in northeastern England. The GBP 2 million investment involved the relocation of the...
Hapag-Lloyd board discussing implementation of restructuring measures The Hapag-Lloyd supervisory board has studied the restructuring proposals submitted by Roland Berger and will provide them with sustained support. Berger's report confirms that Hap...
Fleet to pay $10m fine for Cosco Busan spill FLEET Management in $10m plea deal with US government prosecuters over November 2007 Cosco Busan casualty.
Cosco Busan pilot gets maximum sentence
STX Pan Ocean posts $112m interim loss COLLAPSE in dry bulk shipping takes toll on South Korean owner as first-half revenues plunge 68%.
Jiangsu Hantong bags order worth $200m NANTONG-based shipbuilder secures order to build seven 57,000 dwt bulk carriers from undisclosed buyer.
Uni-Asia slumps under credit crunch FUND manager posts $6.9m interim loss and warns business will worsen unless market conditions improve.
CSAV sees Q4 turning point CSAV board member Victor Pino believes the embattled box carrier's next two quarters won't suffer a repeat of the huge losses in its first half
Russians quiz Arctic Sea 'owner' THE FINNISH company on record as owning the missing Arctic Sea said its officials have been interrogated by Russian security investigators, Fairplay was told today
Arctic Sea's unstable sisters TWO SISTER ships of the missing Arctic Sea capsized and foundered, LR-Fairplay casualty figures indicate
UK shipping logs 25% growth UK SHIPPING turnover grew in 2008 to £11.9Bn ($19.7Bn), from £9.5Bn ($15.7Bn) in 2007, the UK Chamber of Shipping told Fairplay today
Hutchison Whampoa slumps REVENUES from its port operations have slumped 21%, Hutchison Whampoa said today, in releasing interim results for first-half 2009
Maersk names new oil boss DENMARK'S Maersk Oil has today appointed Jakob Thomasen as the company's new CEO
Star Bulk swings to losses SHARPLY falling rates took a toll on Star Bulk Carriers, but its bankers have allowed the company to pay out a dividend nonetheless
Concordia steams ahead in a depressed market Concordia Maritime reports a SEK 25.4 million pre-tax profit on a turnover of SEK 340.8 million for the first half of the year. The forecast of a
Police raid former Nordic Tankers chairman The former chairman of the board of directors of Nordic Tankers, Steen Bryde, has been raided and charged by the Danish police' fraud squad (Statsadvokaturen for S'rlig 'konomiskkriminalitet) for his
Torm announces dramatic profit slide Dampskibsselskabet Torm has revised its profit forecast for 2009. In a note to the OMX Stock Exchange in Copenhagen, Torm states: "As a result of lower-than-expected freight rates
Aker Solutions shows strong order intake Aker Solutions presents a continued strong order book in its Q2 report. 'These results show that we are on track to deliver according to plan in 2009. In this period
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