Sea Asia '09 returns with gusto Sea Asia 2009, Asia's premier maritime industry show, is returning with a bang despite the recession - with 60 per cent more exhibition space and 39 per cent more exhibitors compared to its last appearance in 2007.
Poised between low rates and scrapyard A plunge in supertanker rates to their lowest in at least 11 years will likely spur owners to scrap ships and cancel orders for new ones, according to Frontline Ltd, the world's largest operator of the carriers.
US to target assets of Somali pirates Secretary of State Hillary Rodham Clinton said on Wednesday the Obama administration will take the unusual step of trying to seize the financial assets and property of pirates while working with shippers to thwart hijackers off the coast of Somalia.
AirBridgeCargo Airlines augments management in Frankfurt The Russian carrier AirBridgeCargo Airlines has expanded its management in Frankfurt. Stanislav Belov has been installed as deputy regional director Europe, Middle East and Africa ...
Ceva Logistics: CFO steps down The board of directors of Ceva Group plc, one of the world's leading providers of supply chain logistics services, has announced that the CFO, Stuart Young, has stepped down from h...
Night Star Express Honold attracts major new customer Night Star Express Honold took charge of spare parts logistics for the vehicle manufacturer BMW in southern Germany at the beginning of March. The contract foresees 50 t worth...
Panalpina celebrates opening of new office premises in Ho Chi Minh City Panalpina, the global forwarding and logistics service provider, has opened a new office in Ho Chi Minh City (Vietnam). Panalpina CEO Monika Ribar officially inaugurated the new lo...
WCA launches Dangerous Goods Logistics Alliance The WCA Family of Logistic Networks announced the launch of the Dangerous Goods Logistics Alliance (DGLA), a new, dedicated specialist network. The alliance was developed...
Rhenus establishes second subsidiary in Kazakhstan The Rhenus Group is strengthening its presence in Central Asia. It now has an additional subsidiary in Kazakhstan. TOO Rhenus Logistics is headquartered in Almaty. To beg...
Polet Airlines delivers runner for Bratskaya GES The Russian all-cargo carrier Polet Airlines Cargo completed the delivery of a runner for the Bratskaya GES power station on 14 April. The runner was manufactured by...
Drewry says box carriers must cull fleet to survive FAILURE to take the bold steps required to eliminate unwanted containerships will drive some lines out of business.
NOL warns of $240m first quarter loss
Armada creditors ask court to appoint judicial managers COURT asked to probe if any assets were transferred after company filed for creditor protection.
Washington piracy plan 'lacks detail' INDUSTRY says secretary of state Hillary Clinton's four-point proposal is on right track but needs clarity.
Armada battles creditor move ARMADA (Singapore) Pte. Ltd. has vowed to "fight resolutely" against a creditor group's bid to have judicial managers oversee its restructuring process
NOL warns of $240M in losses NEPTUNE Orient Lines warned the Singapore Exchange today that it now expects losses of $240M in the first quarter
US hopes to seize pirate assets THE OBAMA administration will try to seize the financial assets of Somali pirates and prosecute offenders, US Secretary of State Hillary Clinton said today
US piracy stance criticised SCEPTICISM has greeted some elements of US Secretary of State Hillary Clinton's latest policy proposals on piracy
Three killed in migrant boat blast AUSTRALIAN authorities are scrambling today to get more than 50 people to hospitals after an explosion and fire on an asylum seekers' boat off the northwestern coast
Armada overseers demanded CREDITORS indicated today to Fairplay that they have filed a motion in Singapore to have court-appointed judicial managers oversee bulk operator Armada during its restructuring
Samsun-Genco row ratchets up SAMSUN's receiver has threatened Genco's directors with personal arrest as the two companies spar over a charter dispute involving Genco Cavalier
STX Europe to build three icebreakers STX Norway Offshore AS ' a wholly owned subsidiary of STX Europe ' has signed a contract to build three icebreaker tugs for JSC Circle Marine Invest. The vessels will be operated
Baltic Queen delivered On April 16, 2009, STX Europe Rauma Shipyard delivered the cruise ferry Baltic Queen to Tallink. The ferry is worth EUR 180 million and will begin sailing between Stockholm and
Three Norwegian cement carriers to be recycled in Denmark Three Norwegian-controlled cement carriers have been sold for recycling to two Danish shipbreakers. The Danish shipbreaker Smedegaarden, located in Esbjerg, has purchased two cement carriers from Kristian Gerhard Jebsen
Eleven suspected pirates arrested The French frigate Nivose, engaged in the EU anti-piracy operation Atalanta, captured eleven suspected pirates together with their mother ship and two skiffs in the Indian Ocean on Wednesday
Agreement about post-delivery financing for Oasis of the Seas Royal Caribbean Cruises Ltd, BNP Paribas, SEB, Nordea, Finnvera and Finnish Export Credit Ltd have agreed on the post-delivery financing of the cruise vessel Oasis of the Seas. Finnvera
Sharp drop for Japanese shipbuilders A dramatic fall ' the Japanese export ship orders fell 46.8 percent in the 2008 fiscal year (ending on March 31, 2009). This is the largest decline since 1992, according
No supplementary call for Swedish Club members The Swedish Club has decided not to pursue a supplementary call for the P&I policy year 2008/2009. In December last year, the club decided on supplementary calls of
Finnlines expects negative first quarter Finnlines expects a loss of EUR 25'30 million for the first quarter of 2009, Finnlines Plc states in a stock exchange release. The company is trying to adjust capacity
P&I Club warns for more stowaways The number of stowaways has declined steadily in recent years, not least due to the introduction of the ISPS Code. Now it seems that this trend has been broken. The
Tallinn plan for housing in Paljassaare harbour Tallinn city council is planning the construction of 96 residential and commercial buildings in Paljassaare harbour. The plan concerns 31 hectares on the Paljassaare peninsula and the whole port, where
Trawler collides with bulk carrier Diesel fuel spill off of Australia's Northern Territory.
Europe: Prices mixed in key ports Piraeus bunker market closing for Greek orthodox Easter holidays.
Tallink loss deepens Says reduction in fuel cost 'will be more visible' towards the end of its financial year.
Trinidad and Tobago supplier revises barge fees Ventrin announcing revised schedule of charges.
Asia: Prices climb in key ports Bunker prices holding firm on Thursday.
Singapore residual fuel stocks at 7-week low Stocks of middle distillates also fell in the week ended April 15.
Singapore Maritime Week seeks 'opportunities amid the storm' Event to discuss current maritime strategies for weathering the downturn and positioning for the upturn.
Damaged tanker averted oil spill Tanker carrying 4,500 tonnes of diesel oil out of danger.
China, Hong Kong bunker sales could reach 30 million mt Estimates for combined sales from the two near 15 million mt in 2008.
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