Slump in worldwide trade affects US ports In another sign of how deep the global recession has become, the ports of Los Angeles and Long Beach on Friday reported their worst combined import statistics for September in nine years.
Rise in cargo demand boosts Baltic index to 2-month high The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose to a near two-month high on Friday with tighter vessel supply and cargo demand boosting sentiment.
Bunker sales in S'pore set to grow as cheaper prices attract ships Demand for marine, or bunker, fuel is set to grow in Singapore this year as cheaper prices attract ships to refuel at Asia's biggest oil-trading hub, a ship owner said.
Kuehne + Nagel only logistics provider among 25 best companies Kuehne + Nagel has successfully defended its 23rd place in the management consultancy A.T. Kearney's second yearly ranking of the world's 2,500 largest publicly-listed companies. A...
Raben Logistics Ukraine receives three best logistics awards The Ukrainian Logistic Association (ELA), a member of the European Logistics Association, held a logistics performance ranking for the first time on 9 October. Leading logistics se...
Toll Group takes control of a top ten logistics provider in Japan The Toll Group, a leading provider of integrated logistics in Asia, recently announced the acquisition pending regulatory approval of Footwork Express, a Japanese express freight o...
Bartolini expanding Italian network The Italian transport and CEP service provider Bartolini expanded its national network recently by commencing operations in an 11,000 sqm parcel and logistics terminal in Pomezia. ...
BDP Project Logistics opens office in Mexico BDP Project Logistics has opened an office in Mexico City, in order to serve the growing Latin American project and heavylift market. Roberto Lange, who previously served as projec...
Debt-ridden Dubai World in equity woes DUBAI World could hand out equity stakes to its creditors and cut at least 12,000 jobs in a restructuring effort to deal with at least $80Bn of debt, according to news reports
ADM buys bulkers to cut costs ARCHER Daniels Midland has bought five dry bulk vessels to help cut transport costs, the company announced today
SeaFrance strike keeps ships in port SEAFRANCE ferry operations were suspended today due to a 24-hour strike by employees in Calais
Guinea tension ups shipping risk THE WORSENING political situation in the West African state of Guinea is prompting fears that it will only be a matter of time before shipping interests are affected
Never on Sunday...or Monday to Saturday Unlike Ilya in the iconic 1960's Piraeus-based film, 1,500 dockers at Greek's largest port are also refusing to work Monday to Saturday: they are demanding that the newly-elected socialist Pasok party overturns a 35-year concession won by China's Cosco Pacific to operate the Mediterranean port's container terminals.
Rule B ripples The wake of the torpedoed "Winter Storm" ruling may wash over maritime legal actions all over the world.
Trico in doubt Offshore vessel owner discloses "going concern" statement but says it will have the liquidity to survive after notes issue.
1 dies, 1 missing A bulker crew member has died after contracting malaria as mystery shrouds the disappearance of the ship's master.
'End of Rule B' A US appellate court has decisively overturned a key ruling that has been the basis for attaching funds in maritime disputes.
OGX fixes rig Brazil's largest independent oil producer takes Diamond Offshore semi days after new discovery.
Payment puzzler Igor Borisenko sweeps aside claim that Yuri Privalov was paymaster in Sovcomflot fraud case
$61m saved CCNI says it has received $61m in charter rate cuts, $4m less than originally estimated.
'Weak' volume Log-In Logistica Intermodal reports lower than expected container volume, which fall by 24.2%.
Exmar to issue Belgian gas carrier owner plans to raise capital to the tune of EUR 100m in effort to shore up finances.
Power of three Ziad Nakhleh becomes third name on DryShips' full-time roster, ending George Economou's two year stint as interim CFO.
Santos smash-up Hamburg Sud containership Alianca Europa and bulker Diamond Ocean collide off Brazil.
Cyprus cash Trial hears how Sovcomflot offshoot raised unsecured funds at lower cost.
Massive drug bust Arrests in Atlantic as US and Serbian forces find $370,000 worth of cocaine on Europe-bound ship.
Not Finnish-ed Finland plans $15m support package for shipbuilders to help prevent mass job losses.
Down and up Lithuania's Klaipeda port sees nine-month volumes drop 20%, but investment set to rise.
ADM into owning Grain trader Archer Daniels Midland acquires five bulk carriers in move into blue water shipowning.
MOL renews at LA Mitsui OSK Lines renews lease at Port of Los Angeles for 30 years, and with more space.
TMT hit in US Greece's Metrostar and NS Lemos have drawn first blood in a fight over four VLCCs.
B Navi ship held Italian bulker with 19 deficiencies joined by three other ships on MCA's September detention list.
It's quotes time Peter G is hitting the Street again while Igor Borisenko's bonuses get probed in court all week.
Missing paper? Readers in Benelux can read TradeWinds online as paper delivery delayed until Monday.
Thai takeover Thoresen Thai Agencies to gobble up coal trader UMS in $130m deal.
New5 in Numb3rs Daewoo secured $300m tanker order, Nicolas Hadjioannou's dry-cargo start-up is off the mark and how much are Galbraith's big wigs earning.
Dalian dares Chinese port will complete $477m domestic listing of shares in first half of 2010.
Strike over Australia's Southern Shipping agrees to pay back-wages to crew who refused to sail ro-ro for a week.
Target hit Singapore-listed Swiber has now tapped investors for close to $150m this year after completing $100m bond issue.
BC to pay Canadian owner to hand out small amounts of cash for distress caused to three passengers during fatal sinking.
Master jailed Polembros' Panagiotis Lekkas will serve six months in prison after admitting oil dumping from bulker Theotokos.
Gorgon gain Dutch dredger Boskalis wins EUR 500m deal to build port for huge new LNG field off Australia.
Water poser German multipurpose held in Bremerhaven after mysterious influx of water discovered.
China first Oslo-listed heavy lift specialist Fairstar secures breakthrough contract in the People's Republic.
Coscol cut Cosco's listed heavy-lift unit sees third quarter profit plunge 98%.
Sinwa buys AHT Singapore marine supply company agrees to purchase offshore vessel and ties up five year charter.
Jobs boost Maersk-owned ro-ro player Norfolkline to recruit 60 people for financial services centre in Belfast.
Baltica bash Passengers unhurt after Stena ferry hits Swedish quayside in strong winds.
B+V could be Abu Dhabi owned Abu Dhabi MAR can become 80 per cent owner of German Blohm+Voss shipyards (newbuilding), Blohm+Voss shiprepair och Blohm+Voss industry (equipment). A letter of intent has been signed
Wisby took delivery of tanker Wisby Tankers has taken delivery of the tanker Wisby Wave from Ferus Smit in Germany. The 7,500 DWT Wisby Wave is time chartered by Preem. The sister vessel Wisby Verity
ESL Shipping cancels newbuilding contract The Finnish shipping company ESL Shipping Oy has decided to cancel the second of its two newbuildings from India because of late delivery. The building schedule of both newbuildings were
Sharp criticism against treatment of Full City officers The Full City captain Zong Aming and third mate Qiland Lu were expected to be allowed to return home to China this week but the Norwegian appeal court reversed an
Container ship hijacked off Seychelles The Singapore-flagged container ship Kota Wajar, 24,637 DWT, was hijacked in the Indian Ocean by Pirates some 300 nautical miles north of the Seychelles yesterday morning. The 1997-built
Danish shipowners suggest fleet reduction If German Hapag-Lloyd and French CMA-CGM are granted state aid, they should at least reduce their respectively fleet capacity', says Jan Fritz Hansen, Vice president of the Danish
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