Market to return to growth next year: Maersk AP Moeller-Maersk A/S, the owner of the world's largest container shipping line, said the market will return to growth next year and that freight rates may rise as carriers curb capacity increases.
Consolidation in shipping industry A SLOW recovery in global trade and tight finance could set the stage for a wave of consolidation in the trillion-dollar shipping industry, as it gears up for a second straight year of turmoil in 2010.
Spain pays US$3.3m ransom for trawler As a Spanish warship looked on, a US$3.3 million ransom was delivered by boat and Somali pirates freed a Spanish trawler and its 36 crew members.
DHL Global Forwarding joins INTTRA eInvoice initiative INTTRA, the leading e-commerce platform for the ocean freight industry, recently announced that DHL Global Forwarding has joined the INTTRA eInvoice initiative. DHL Global Forwardi...
Dachser granted AEO status in Austria Dachser Austria GmbH, the national subsidiary of the German forwarding and logistics company Dachser, was recently certified as an authorised economic operator (AEO)....
Werner Enterprises launches Werner Global Logistics Australia Werner Enterprises Inc announced that it has fully established its newest subsidiary, Werner Global Logistics Australia Pty Ltd. The new subsidiary, which was formed in Q3/2009,...
Geis Logistics has new warehouse in Czechia The German service provider Geis Logistics recently leased 14,300 sqm of covered storage space at the ProLogis logistics park in Ostrava (Czechia). The platform...
Maersk CEO honours maritime economics students at Erasmus University Graduation The completion of another successful maritime economics and logistics (MEL) course at Rotterdam's Erasmus University (Netherlands) was celebrated at a graduation ceremony addr...
Netherlands: stiff penalties for minor law infringements The Netherlands recently announced that it wants to introduce a mileage-linked road tax for private and commercial vehicles in 2012. Stiff penalties of up to EUR 74,000 and a four ...
New container terminal in Sremska Mitrovica (Serbia) Jadranska Vrata (Adriatic Gate), the container terminal operator at the port of Rijeka (Croatia), has signed an agreement to manage the new container terminal at the port of Leget ...
Partnership between Felbermayr and Rail Cargo Austria The trans-sectoral cooperation of the Wels (Austria)-based Felbermayr Group and Rail Cargo Austria is about to be expanded. In a recently signed letter of intent representatives of...
Boxship speeds of 14 knots set to become norm Carriers that refuse to slow down vessels are 'throwing money away'.
New members line up to join IACS
Capesize rates surge 25% in two days Australian miners pay daily rates as high as $106,000.
Intertanko urges proactive steps to meet emissions target Tanker sector can reach 20% reduction in greenhouse gas emissions if Brussels sets this target.
Buffett leads off new Fairplay WARREN Buffett has described his takeover of the US rail company Burlington Northern Santa Fe as an "all-in wager" on the country's economic future
Beware of reversing trucks IT'S HARD on the brakes for the truck industry as global sales from January-October plunged 52% from last year, IHS Global Insight reported today
Box ship cohesion urged TERMINAL operators and box liners must work together to emerge from the recession and grow, APM Terminals finance chief Christian Moller Laursen has warned
German terminal aid rejected GERMANY'S new government has rejected pleas to fund a terminal lay-up scheme. Full Story
Spac could buy Navios Maritime Holdings sees opportunities for its special purpose acquisition company to strike.
New liner boss? Former Thales Group chief executive Denis Ranque is reportedly set to take the helm at CMA CGM.
Uruguay upside Navios Maritime Holdings set to benefit from projected doubling of Uruguayan grain exports.
Three down Trico is latest owner to lay-up an anchor handler in the North Sae, brokers claim.
Hedging DryShips George Economou's DryShips preps 22 million shares for Deutsche Bank so bond buyers can take short position on company stock.
'Really smelly' Former Watson Farley Williams boss conspired to backdate newbuilding documents but his own paperwork later tripped up Nikitin and Skarga.
Maritime moods Readers are capturing many evocative images of life at sea as they compete to be TradeWinds' Photographer of the Year.
Iguana sold George Economou-led DryShips reportedly fetches $23.5m for 13-year-old panamax bulker.
Fast getaway UK-flagged Wilhelmsen Lines car carrier outpaces pirates hours after Maersk Alabama escapes.
A sorry tale Sovcomflot UK head Yuri Privalov was lent cash for a new business and bought a laptop and phone to cheer him up. Or was it all a cover?
Paying Privalov Yuri Nikitin says Yuri Privalov's long-term usefulness was a factor in him making payments to the former Fiona Maritime chief.
TEN sells a second Nikolas Tsakos-headed tanker owner cashes in second suezmax this month to clear the way for newbuildings.
China to lead In about face, China is set to become co-chair of the Shared Awareness and Deconfliction anti-piracy group.
Red for Novoship Russian tanker owner turns in nine-month loss as revenues slip.
Chairman Heje Jorgen Heje confirmed as Per Ditlev-Simonsen's successor at Eidsiva Rederi.
Costly crews HSH Nordbank says manning costs for German boxships will continue to rise this year despite the recession.
Serious Star Vela taking no chances of a second hijacking of the VLCC Sirius Star ' the largest ship ever seized by pirates.
Pain for MSCo Tanker owner Murmansk Shipping sees nine-month profit fall 150% as rates decline.
Master 'killed' North Korean captain of hijacked Singaporean chemical tanker dies from gunshot wounds, report claims.
La Princesa freed Crowley Maritime container barge ' featured in this week's "Casualty file" ' is freed from Virginia Beach.
Alabama hit again Maersk Alabama, briefly hijacked in April before US Navy stepped in, attacked off Somalia again.
Saade happier Jacques Saade-led boxship giant CMA CGM raises annual operating profit forecast to 'breakeven'.
Navios tops bets Angeliki Frangou-led bulker owner tops Wall Street forecasts in the third quarter as its adjusted bottom line rises.
Ship sinks, 6 lost Frantic search-and-rescue operation off China as high winds sink North Korean vessel.
Newbuild fixed Deep Sea Supply AHTS joining Petronas for up to three years at "very acceptable" rate.
Taking control Chinese container maker CIMC plans to enter offshore fabrication with purchase of Yantai Raffles Shipyard stock.
Dodgy davit Faversham Ships replaces workboat mechanism after two crew suffer serious injuries following fall.
Torm tumbles Weak tanker demand sends Mikael Skov-led Dane's profit diving with fleet valued 'below book value'.
Friendly funds NOL turns to Temasek-linked DBS Bank for $160m loan to help pay for new ships.
Half price sale Former ICG majority shareholder Liam Carroll's stake hawked off by Irish bank in fire sale.
Pirates kill master The North Korean master of the 22,300-DWT chemical carrier Theresa VIII, built 1981, has died after having sustained gunshot wounds when pirates took over the vessel. The tanker was
EMSA adds Finnish icebreaker to its fleet The European Maritime Safety Agency (EMSA) has entered an agreement to add the Finnish icebreaker Kontio to its readiness fleet of oil recovery vessels. Kontio has a tank capacity of
Conflict about Åland's new ferry A conflict has sailed up on Åland whether the new inter island ferry Skarven fulfils the specification or not. The delivery of the Lithuanian-built ferry was heavily delayed and
Maersk Alabama hit again by pirates The US-flagged container carrier Maersk Alabama has again been attacked by pirates in the waters off Somalia. In the early hours of Tuesday the vessel was attacked by a
Gard's Claes Isacson takes the helm at International Group Claes Isacson, CEO of the P&I Club Gard, has been elected chairman of the International Group of P&I Clubs. Isacson is a Swedish citizen and the first non
Scandlines in the market for new tonnage Scandlines A/G has dusted off the old plans for new tonnage on the Gedser'Rostock run, and is presently in the market for at shipyard with a contract of
Stena Bulk signs LoI for Suezmax quartet Stena Bulk has signed a Letter of Intent with South Korea's Samsung for four 158,000-DWT Suezmax tankers. A final order is subject long term charter deals
Bunker prices continue to firm in Rotterdam Avails tight for some suppliers in Rotterdam.
Container line to save 'millions of dollars' in fuel costs and cut emissions CMA CGM is preparing to extend slow steaming to all its ocean-going ships.
Bunker prices firming Regional prices up across the board but a mixed picture for avails.
Oil firm after unexpected US oil inventory draw Weekly government report shows falling stocks of crude and key products.
Shipping group sees losses on bunker derivatives Firming bunker prices put Torm under pressure.
EU preparing measures if global agreement is delayed IMO's lack of progress on regulating ship emissions is political, not a technical problem, EC official says.
Bunker spill: Fuel tank overflowed US investigators focus on valve on receiving vessel.
'Optional ports' adding flexibility to physical hedging Global Risk Management says fixed price agreements 'need not be inflexible'.
Prices hit 13-month highs Singapore players report good demand.
Bonded bunker supplies resuming at Indian port Independent firm offering all marine fuel grades over a decade after tax-free bunker sales were suspended at JNPT.
European fuel oil prices hold firm after Monday's jump Prices stayed firm on Tuesday on healthy bunker demand.
Claims against bunker suppliers up 'Unsubstantiated' claims said to be avenue for shipping companies to delay payments.
WFS announces stock split Move is to improve liquidity.
Singapore court adjourns hearing on corruption case
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