Conditions set to worsen for ship industry: survey Shipping companies expect conditions in the sector to worsen in the coming months with bank lending set to remain tight for at least 12 months, an industry survey showed.
Select insurance agency offers forwarders new insurance scheme Austria's Select Versicherungsberatung (insurance agent), based in Pasching near Linz, has developed a new insurance scheme especially for freight forwarders that allows the danger...
MOL developing next generation car carriers The Tokyo-based Japanese corporation Mitsui O.S.K. Lines (MOL) has formed a concept for its next-generation vessels by building on and refining technologies it has already develope...
Duisburg Kombiterminal building new facility The newly set up project company Duisburg Kombiterminal (DKT) is building a combined transportation terminal in the Logport. The facility will be equipped with a 65 m span gantry c...
M&M founds Tajikistan branch The St Gallen-based Swiss company M&M Militzer & M'nch International Holding has founded a new branch office in Tajikistan, completing the logistics service provider's Central Asia...
Hummel and 17111 extend European logistics contract The Scandinavian sports and fashion wear manufacturer Hummel and 17111 Transit, Transport & Logistik, based in Osterrönfeld near Rendsburg in northern Germany, are continuing their...
Dallmayr delicatessen to be handled by Loxxess The Munich delicatessen enterprise Dallmayr has entrusted Loxxess, a complex outsourcing projects specialist, with its hamper dispatch activities for another five years. Loxxess wi...
ICTSI names Manuel Fernandez vice-president EMEA International Container Terminal Services Inc (ICTSI) recently appointed Manuel Fernandez as its new senior vice-president for Europe, Middle East and Africa. Fernandez has experie...
IRU calls on governments not to ratify Rotterdam rules The IRU has called upon governments not to ratify the new Rotterdam rules, as the provisions are very detrimental to the road transport industry and other means of land transport, ...
SBB increases H1 profits The Swiss state railway SBB made a CHF 132.8 million profit in H1/2009, a 26.8% increase in comparison with the like-for-like period last year, thanks to some special items. SBB Ca...
Norton Rose survey paints bleak picture for shipping MAJORITY of firms predict that economic conditions will get worse before they get better.
Global downturn 'to create new order' in shipping
Hapag-Lloyd closer to securing €1.2bn aid LINE on track to fulfill conditions set by government, sources claim.
Castalia and Navios Partners back Baltic central screen CASTALIA Fund Management rejects 'rival' screen mooted by London Metal Exchange.
Inactive tankers hit highest level since 2003 NUMBERS soar as protracted slump in crude consumption pushes rates below operating costs.
Piracy Contact Group confirms plans for international funds FIRST will help fund the cost of prosecuting alleged pirates and second to pay for better security measures.
Polish yards endgame starts WARSAW admitted today that Poland is nearly ready to hang up its welding torch and admit defeat on the Gdynia and Szczecin shipyards
Minister backs Hapag aid plan GERMAN transport minister Wolfgang Tiefensee has lent his support for Hapag-Lloyd's application for '1.2Bn ($1.8Bn) of loan guarantees from two German states
Terminal 'hibernation' sought GERMANY'S Hamburg and Bremen state governments have asked for federal aid so they can temporarily close port terminals that are feeling the recession's squeeze
No let-up seen in FFA debate SCREEN trading of drybulk FFAs won't work without a central screen, Castalia Fund Management's managing director Philippe van Abeele has warned
FFA fears tightening rules EU AND US pushes to tighten oversight of derivative trading could crimp the FFA market, a shipping forum was warned yesterday
US ballast rules bring relief BALLAST water regulations proposed by the US Coast Guard will bring relief to shipowners uncertain about the future cost of doing business in US waters, a maritime attorney told Fairplay today
Agility strikes RasGas deal AGILITY said today it has been awarded a multibillion-dollar shipping contract by RasGas, Qatar's prime seller of LNG
In crisis The past month has seen a spate of interim results issued by the ocean carriers and it seems the red ink is getting deeper by the day. And while the losses mount and the drive of companies to secure fresh capital from their shareholders, help from Government and/or dispose of assets in a bid to survive increase, the forecasts get no better. Indeed most analysts covering the liner shipping market do not expect to see a recovery before the end of Q2 10, at the earliest
Viking Line might cancel newbuilding In its latest financial report, Viking Line states that the newbuilding for their Mariehamn ' Kapellsk'r service might be further delayed. At the moment, it is estimated Atilleros de Sevilla S.A
Mærsk Group targets more female leaders A. P. Møller-Mærsk has signed the "Charter for more female leaders" launched by the Ministry of Employment and Gender Equality. The A. P. Møller-Mærsk group will actively work
Norden sells another three bulk carriers Dampskibsselskabet Norden has sold another three bulk carriers in order to strengthen the company's financial position. The sale comprises three handymax bulk carriers, of which two are under construction at
U.S. urges mariners to not surrender to piracy The Maritime Administration has issued new anti-piracy recommendations to mariners and ship operators, as piracy is likely to increase off the Horn of Africa and in the Indian Ocean
Suez Canal's revenues down The Suez Canal's passageway revenues for August were down USD 132.7 million, compared to the corresponding month last year. Revenues in July were down USD 11.1 million, reports
Swedish Coast Guard and US Coast Guard expand collaboration The Swedish Coast Guard and the US Coast Guard are to expand their collaboration according to a new agreement. In practice, this will involve Swedish and US personnel and management
Bear market to end Americas week Prices weaker as traders see a quiet day, oil futures predicted to fall.
Petrobras Bunker appoints new general manager Important positions in good hands, says Brazilian oil company.
Chance to voice opinions ahead of Copenhagen Government, industry and environmental experts gather in San Francisco to discuss shipping's future.
Soft end to the week in European bunker market Biggest price drops seen in south Europe on Friday.
Fos returns to normal after strike More strike action possible later this month and next.
FCC outage boosts fuel oil exports Saudi Aramco's Rabigh refinery sees fuel oil surplus.
Container line on course for state aid Hapag-Lloyd has 'fulfilled the criteria' for cash from the German government.
Asian bunker markets soften Players report weak demand.
Shipping industry believes crisis 'will get worse' Survey shows players expect bank enforcements on trouble loans 'to peak' in three to nine months time.
Aramco sells another September cargo Cracked 380 cst fuel oil scheduled for mid-September loading from Rabigh.
IEA revises 2010 oil demand Forecast of stronger demand from China and US.
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