Somali pirates lick their wounds The floating corpses with their bedraggled bounties of dollar bundles were a chilling symbol to the pirates and a grim victory of sorts for shipping lines.
SSA welcomes bail for Hebei Spirit officers The Singapore Shipping Association (SSA) has expressed disappointment at fines and jail terms handed out to two ship's officers, and has welcomed a decision by South Korea's Supreme Court to grant bail and release the pair from custody.
Daewoo shares gain 14% Daewoo Shipbuilding & Marine Engineering Co led advances among South Korea's shipyards in Seoul trading on expectations of higher earnings as steel-plate prices dropped for the first time in more than two years.
PKP Cargo facing problems PKP Cargo transported less than 10 million t in a month for the first time in its history in November last year, as a direct result of the international economic crisis. The compan...
Eurosib expanding terminal network The St Petersburg-based Russian Eurosib group is pushing ahead with plans to develop a terminal network, with the first phase (to the end of 2009) dedicated to the establishment of...
New Sino-Russian road corridor The longest road freight corridor between Russia and China started operations at the end of 2008, linking northeastern China with the Primorsk region on Russia's Pacific coast. The...
Switzerland-Middle East links soaring Several Middle Eastern airlines are increasing flights to Switzerland, banking on the assessment that the international financial crisis will affect these routes less than other Eu...
New United flights to Moscow and Geneva United Airlines is launching two new long-haul flights from Washington Dulles international, namely a non-stop connection to Moscow at the end of March and a daily link to Geneva f...
Kingfisher launches Bangalore-Dubai link Indian private carrier Kingfisher Airlines is set to launch daily Airbus A320 services between Bangalore and Dubai (UAE) in February. The airline is also adding Hong Kong, Singapor...
Qatar seeking compensation from Boeing Qatar Airways expects to be compensated by US aircraft manufacturer Boeing for the delayed delivery of its B787 Dreamliners, as the airline cannot now expand as planned. Qatar Airw...
Air Mauritius in serious trouble Air Mauritius, the country's national carrier, is going through tough times after oil prices slumped, upsetting its strategy of hedging 80% of its fuel requirements at USD 105 per ...
UAE bans Antonovs The United Arab Emirates' federal aviation regulatory body, the General Civil Aviation Authority (GCAA), banned the Antonov AN-12 for safety reasons on 8 January. The move was long...
Russian railway with impressive preliminary results Despite a decline in the fourth quarter caused by the international economic crisis, the Russian railway has achieved record freight transportation volumes. Preliminary statistics ...
Sunken ship's hull breached? THE HULL of an oil supply ship that sank at an Alaskan oil platform might be breached, explaining signs of an oil spill, Coast Guard officials have warned
China GDP losing double digits? AFTER five consecutive years of double-digit growth, China's economy is losing steam as the global economic crisis deepens
Baosteel-Vale steel deal halted A PROPOSED joint-venture between iron ore miner Vale do Rico Doce and China's Baosteel to build a steel plant in Brazil has reportedly been called off
Oldendorff sues Gulf Industrial OLDENDORFF Carriers KG has obtained a $10.5M attachment order against Bahrain's Gulf Industrial Investment, as the intense legal action in New York City continues
Sirius Star arrives in UAE THE VLCC Sirius Star and its crew, freed on 9 January after being held by pirates, are today in the UAE for R&R before the largest ship ever hijacked can finally resume its voyage
FMC responds in LA-LB trucks case Commission in filing asserts its jurisdiction, says clean-trucks plan would reduce competition, drive up cost of transportation
CSAV revises US-ECSA calls
NJ container port project eyes fall ground-breaking
China rolls out development plan for Pearl River Delta
Two men lost in Greenland-tanker accident The oil tanker Orasila lost two crew members on Friday while operating a several hundred meter long hose. The two persons were onboard the workboat attached to the Orasila, while towing the hose towards the shore, which has been done ...
Mate asleep ' vessel grounds in Hardanger Fjord The timber-laden 3,650-DWT Mirabelle, built 1985, grounded on Friday last week in the Hardanger Fjord in Norway. The crew of 11, 10 Russians and the Norwegian master, was evacuated when the vessel started to take in water. Some ...
Stena Line to withdraw vessel from North Sea service Stena Line has decided to withdraw one of its three vessels from the Rotterdam'Harwich service. The 1,200 lane metre Stena Transporter will be laid-up in Rotterdam pending the development on the freight market. The other two vessel on ...
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