Ecospec develops system to cut vessel emissions HOMEGROWN research and technology company Ecospec Global Technology has developed a new system to reduce emissions from vessels. The firm believes the technology may have the potential to generate over US$100 million in sales in its first year alone.
Baltic Dry Index falls ahead of China's five-day holiday The Baltic Dry Index, a measure of shipping costs for commodities, fell for a second straight day as demand to haul iron ore weakened ahead of China's New Year break.
Jurong Shipyard completes first of Larsen rig orders JURONG Shipyard has completed the first of four ultra-deepwater semi-submersible drilling rigs for Larsen Oil & Gas.
BLG builds new platform in Oberbuchsiten Basel (Switzerland)-based BLG Basler Lagerhaus- und Speditionsgesellschaft AG is constructing a new logistics centre in Oberbuchsiten in the canton of Solothurn (Switzerland). Ober...
New Transmec Group company: Transmec Rimini The Campogalliano (Modena, Italy)-based transport and logistics provider Transmec Group has opened a new company in San Mauro Pascoli (FC). The company wants to strengthen the grou...
Rieck establishes Czech subsidiary Berlin (Germany)-based Rieck Logistik-Gruppe founded Rieck Projekt Kontrakt Logistik (RPKL) Mikulov in Czechia on 1 January. This is the company's first contract logistics subsidia...
Container traffic through LA-Long Beach collapses BOX imports plummet in final weeks of 2008 as economic slump worsens.
LA and Long Beach downshift on Saturdays
Tui shares slide on Hapag sale scare SHARES fall 11% on Friday amid fears the German tourism group may be unable to obtain the agreed price for Hapag-Lloyd.
US to sign Kenya deal to prosecute Somali pirates THE US government is understood to be nearing a deal with Kenya to detain and prosecute pirates captured off Somalia
California gateway plummets YEAR-END figures from the ports of Los Angeles and Long Beach have revealed the extent of the trans-Pacific box decline and how losses accelerated in December
ISH refutes Liberty claims INTERNATIONAL Shipholding Corp. (ISH) shot back at Liberty Shipping today, following Thursday's announcement that Liberty had ended its takeover bid
Bank withdraws from Hapag-Lloyd sale Royal Bank of Scotland drops out of financing sale of container carrier Hapag-Lloyd as German buyers look to renegotiate better deal
US contests EU poultry ban
Sides exchange proposals in Vancouver contract talks
Outgoing Marad chief sees short sea, other progress
Canada exporters rate largest US market as 'risky'
Export ABCs: Cargo Insurance -- Part 2
Lakes ore trade crumbles
Hutchison breaks ground on China container terminal
Memo to banks: Keep faith with shipping After another week of economic doom and gloom it is refreshing to hear some old-fashioned bullish statements from key industry executives: reminding us that - despite reports to the contrary - the world will not stop trading and that the glass should be seen as half-full; not half-empty.
Drewry: The toughest year on record
Oil price sinks to USD35 a barrel
Swire re-works Asian services
Kalmar launches new 'driver-friendly' terminal tractor
Grand Pacific sold Nippon Yusen Kaisha succeeds in selling single-hull VLCC to Malaysian buyers.
Chorus sold Japan's K Line is said to have offloaded a 7-year-old panamax bulker for $24.1m.
ISC strikes back New York-listed owner says its actions in Liberty's takeover bid were intended to protect shareholders.
Nordic fraud row Fight over future of Danish tanker owner turns nasty with former chairman reported to public prosecutor.
Skaugen axes divi Norwegian tanker and gas-carrier owner also to shave costs as dire fourth quarter wrecks annual result.
AHTS sinks After incident off Alaska, US-flag Monarch has completely sunk under the Granite Point oil platform.
Relief for Armada Threat of ship arrests lifted as New York bankruptcy court grants troubled Singapore charterer provisional protection from creditors.
TUI gets tough Tourism giant says banks that financed Hapag-Lloyd's purchase of own ships must honour loans until sale to German consortium is sealed.
Brazil FPSO axed Petobras' plans for two offshore units, including an FPSO for the Papa Terra project, are killed as bids come in too high.
It's quotes time Armada's Tommy Rathleff sits down for some Q&A&Q but creditors think the whole debacle is no fairy tale.
Icy mission Fesco multipurpose heading to Antarctica to deliver supplies and scientists to Australian research bases.
Kim survives cull Samsung's shipbuilding chief wins promotion as one of only two over 60s to survive group's executive exodus.
Share sale delay Struggling Norwegian cruise ferry owner Hurtigruten has not yet won creditor consent to issue new stock worth $45m.
Armed attacks up Pirates doubled gun usage last year with 11 seafarers dead and a further 21 missing following unprecedented level of hostility, IMB report shows.
Six bulkers axed Two owners rip up contracts for handymax newbuildings at Chinese yard with delivery of a further six units pushed back.
Clipper ship free Ransom airdropped to pirates onboard CEC Future which takes Russian escort to Oman.
Death ship drama Vessel which smashed Danish bridge in 2005 killing one grounds and takes on water off Norway.
Red Sea mix-up Lack of coordination between watch officers led to massive smash between VLCC and boxship at Bab el Mandeb.
Sale off Great Eastern fails to offload elderly supramax bulker as buyer defaults.
Opinions split US analysts are at odds over the future of cruise industry giants Carnival and Royal Caribbean.
STX to axe 1,060 Talks begin at Korean group's Finnish shipyard Turku over big redundancy programme as work dries up.
Philippines falls Cargo volumes drop 8% year-on-year to October, latest government figures show.
Crewman airlifted Filipino flown to hospital from P&O's Nordbay ro-ro in Irish Sea after suffering head injuries.
Polar pair fixed GC Rieber bags charters worth $12m for subsea support vessels.
Suez suffers Revenues at canal down again in December as ships divert round South Africa because of pirates.
Long Beach hurts US west coast port feels the pain of the global recession with 11% fall in container volumes.
Aegean buys Nikolas Tavlarios-led bunker company picks up second hand bunker tanker for Greek deployment.
Hebei officers released The Supreme Court of South Korea has ordered the release of the two jailed officers from Hebei Spirit, Jasprit Chawla and Syam Chetan. The almost symbolical bail was set at USD 7,500. Both are to stay at a hotel in ...
More piracy activity 2008 The number of reported attacks by pirates increased by eleven per cent to 293 last year, reports International Maritime Bureau. Eleven seafarers were killed and 21 are missing, presumed dead. 111 of the attacks were off Somalia, where pirates held ...
Danish vessel free after a ransom was paid Clipper's 7,300 DWT CEC Future, built 1994, has been released by pirates after having been held for ten weeks off Somalia. A ransom has been paid and the vessel is escorted by the Russian navy to Oman where the crew ...
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