Baltic's largest gain in 7 weeks The Baltic Dry Index, a measure of shipping costs for commodities, posted its biggest weekly advance in a seven-week streak on a 'tight' supply of capesize ships to haul coal and iron ore.
Invest AD wants to acquire minority stake in Ekol Lojistik Invest AD, a state-owned investment fund based in Abu Dhabi (UAE), formerly known as the Abu Dhabi Investment Company, will pay EUR 50 million to acquire a "significant" minority s...
Ikea names FM Logistic as best logistics service provider in 2009 FM Logistic, a French logistics group, has been singled out as the best logistics service provider in 2009 by the Swedish furniture manufacturer Ikea. There were 35 nomin...
TNT Innight certified for fifth time in a row TNT Innight, which specialises in overnight transportation in Germany, has once again been certified according to the DIN EN ISO 9001:2008 norm by T'V-Rheinland Cert. The...
Offen says box lines to blame for tonnage overcapacity Fierce competition for market share was reason for industry's problems.
China single-hull ban to hit tanker employment options China confirms ban from January 1, but will allow such vessels in cabotage trade to call at its ports.
UK removes officers from jobs shortage list Chamber of Shipping slams move to tighten rules on employing seafarers from outside Europe.
Teekay Corp slides further into the red Third quarter loss worsens as earnings are hit by poor spot market rates.
MAIB Southampton collision report blames multiple errors Overworked and stressed pilot was a contributing factor in three-vessel accident.
Teekay takes huge loss TEEKAY revealed today that it has fallen sharply into the red as it scrambles to reduce its spot exposure
Collision kills four fishing crew FOUR crew members of a South Korean fishing boat were killed and three are missing following a collision with a passenger-roro vessel on Saturday night
Hanjin down despite recovery HANJIN Shipping has suffered losses despite rising container volumes
RCL sees signs of recovery MAJOR Intra-Asia operator Regional Container Lines sees signs of recovery despite suffering losses for the third quarter and half-year
Ore find stirs shipping interest A TREASURE trove of nickel ore has been discovered in Sweden ' and ships are needed to carry the haul, Fairplay was told today
Another food fight for Russians TWO SHIPS and 110,000 tonnes of Russian grain are standing at the Syrian port of Tartous in a standoff over price discounts
Kremlin-watchers awake SHIPPING policies were mysteriously missing from the Russian president's address to parliament, but a Moscow maritime analyst told Fairplay today that's just as well
The trade wall needs to come down On November 9, 1989 the infamous Berlin Wall was breeched and with it the Iron Curtain communist restriction on travel and trading in eastern Europe. In the same year the 4,300TEU Marchen Maersk was the largest containership afloat, and Hong Kong had just surpassed Rotterdam to take the crown of the biggest box port in the world.
Losses mount Chilean liner operator Compania Sud Americana de Vapores reports growing nine-month losses.
Bunge arrests ship Grain player secures arrest of Ocean Freighters bulker off Texas after a litany of problems during a voyage charter.
Vafias fixes MR Harry Vafias' StealthGas puts medium-range products tanker on three-year bareboat charter. Four other new fixtures unveiled.
Chapter 11 over US Shipping Partners emerges from bankruptcy as private US Shipping Corp.
TK confirms Teekay Corp says it sold an older products tanker for $4.6m in apparent confirmation of the Barrington sale.
'Not oil sludge' Platinum manager says black deposits reported by US Coast Guard detention report as oil sludge was biomass.
Gotcha! Navies claim to have busted pirate squad responsible for recent hits on BW Lion and others way off Somalia.
FBR likes tankers FBR Capital Markets analyst issues wet sector upgrade over expectations that supply and demand will come in balance by 2011.
Hampton Rds shut US Coast Guard shuts down Virginia's Hampton Roads port as weather turns severe. Barge grounds in storm.
Hegnar moves in Media magnate takes 20% slice of Hurtigruten after paying over $45m for shares held by three banks, including DnB NOR.
Jolly bad luck Italian ro-ro Jolly Rosso attacked off Africa for second time in three weeks but once again escapes.
'Deal with us' Greek owner of hijacked Ariana says pirates not playing fair by speaking with Ukrainian crew's families.
Sea scenes Mountainous seas, a bulbous bow sun lounger and bioluminescence figure in the latest entries to TradeWinds' Photographer of the Year contest.
House hunting Was a bribe paid when the family of Sovcomflot chief Dmitry Skarga bought a house and land in Moscow?
Red for Teekay Bjorn Moller-led owner watches Q3 profit fall by over $300m but adjusted figures top Wall Street bets.
Paperwork pile-up Three-ship collision at Southampton caused by frustrated pilot's error after tanker berthing was aborted due to customs form cock-up.
Out of gas Teekay LNG Partners falls to third quarter loss as it racks up big currency exchange and derivatives deficit.
Still hungry Teekay Tankers not turned off by quarterly loss as it contemplates further acquisitions.
Dunya duo sold Product tanker pair recently touted in the market sold by Suay Umut-led Turk to unnamed buyers for $53m.
Ban boost Fujairah's crackdown on single hull tankers is "another nail in the coffin", Frontline CEO says.
Paper pain Peter Evensen-led Teekay Offshore posts third quarter loss following $37m reversal on derivatives.
It's quotes time There's a bout of bullying in the Sovcomflot corruption trial while Jim Davis has no Great Expectations for the market.
Swiber stutters Raymond Goh's Swiber sees third quarter profit drop by one tenth as revenue falls away.
Diana draws $40m Simeon Palios-led Greek owner using new loan from German bank to finance capesize buy.
Teekay pays out Tanker owner pays nearly $5m in Q3 dividend as term contracts provide insulation from spot market struggles.
Unlikely escape Tiny, slow-moving Panama-flagged ship with 25 crew somehow outruns pirates in Somali Basin.
New5 in Numb3rs Clarkson hands shipbuilding crown to China, Aon lands flagship hull insurance deal and a Greek owner has a Mexican charterer on the run.
Chemoil crashes Singapore bunker supplier and tanker owner sees nine-month profit plunge as activity shrinks.
Sinking feeling Swedish inspectors raise alarm over ferry life rings that sink when they hit water.
Singapore prang MSC boxship and Libyan-owned aframax tanker collide in early hours in Singapore Strait.
Desperation Passengers were asked to help bail water from Princess Ashika ferry 15 minutes before it sank, inquiry hears.
Passengers saved Japanese rescuers evacuate 28 people from badly listing ro-ro ferry in Pacific on Friday.
'It's our eight' STX Offshore & Shipbuilding owns up to $880m order from STX Pan Ocean for VLOC octet.
Tallink mixed Passenger numbers rose last month at Estonian ferry company, but commercial traffic was down.
ICG sale on? Shares of Irish ferry owner's beleaguered main shareholder, Liam Carroll, being touted in market, report says.
EU stands firm on low-sulphur fuel The EU Commission will not give in to demands to suspend the obligation to use low-sulphur fuel in European ports. Shipowners can either comply or stay out of the
Unifeeder buys Polish feeder operator Unifeeder has acquired InterMarine Container Lines (IMCL), thus creating Northern Europes's leading feeder operator with a total of 33 vessels. Unifeeder transports containers from the
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