APL to raise box rates by up to US$250 per TEU NEPTUNE Orient Lines container unit APL has lifted freight rates in the Asia-Europe trade, reversing the slide of recent months and following the lead of Mitsui OSK Lines (MOL) which announced rate rises last week.
Manila plans framework of modular ports THE Philippines plans to pump prime its economy by spending 11.78 billion pesos (S$375.8 million) this year on the construction of 74 modular ports around the country.
DryShips 'doing fine' after loan switch: lender DryShips Inc, the commodity shipping line led by investor George Economou, is 'moving in the right direction' after renegotiating loan terms with Nordea Bank Finland plc, the lender said.
Cruise ship carrying 105 aground in Antarctica
Gas shipping rates to stay low on US demand slump: BW Gas
New project tackles congestion on the Sydney railfreight network Construction work has started on the 36 km Southern Sydney Freight Line, a project that will help clear the single largest bottleneck on Australia's interstate rail network. The AU...
TruckScout24 successful in 2008 TruckScout24, a service offered by AutoScout24, reported a successful 2008, despite the crises in the financial and automobile markets. Europe's large special market for commercial...
Egyptair offers new freighter service to Khartoum Egyptair Cargo, the freight division of the national carrier Egyptair, will start a scheduled weekly (every Saturday) A300F (40 t payload) freighter service between Cairo (Egy...
Heavyweight Air Express offers airport to door service The British carrier Heavyweight Air Express now offers an airport-to-door service in addition to the traditional airport to airport service. The HX-Door service includes the cost o...
Another round of fuel surcharge decreases Air Austral and Air Caraibes are decreasing their fuel surcharge to EUR 0.40 per kilo, based on the actual weight on 23 February. Both airlines apply a minimum of EUR 6.00 per ship...
Fee causes LA-LB traffic jam TRAFFIC jams up to 3km built up around Long Beach and Los Angeles ports yesterday, as cargo vehicles were turned back on the first day of a port container fee
Cry of 'murder' in ship deaths A DIPLOMATIC row grew today between Russia and China over the deaths of eight crew from a dry cargo ship ' including an accusation of "murder"
Caracas to ship Beijing more oil VENEZUELA is to increase oil exports to China, as President Hugo Chavez of Venezuela and Chinese Vice President Xi Jinping signed a dozen co-operative accords
Plea renewed for Antarctica rules THE OCEAN Nova grounding is another argument for stronger regulation of Antarctic cruising, the Antarctic & Southern Coalition said today
UK gas storage plans spoiled? GLOBAL financial problems will probably scuttle UK plans to close the gap with Europe on gas storage capacity, Andrew Knight said today
Battle on hold Courtroom challenge to Armada's protection from creditors put off for two weeks.
'David v Goliath' Small Ghanaian outfit vows to hit debtors of Tsakos in little-and-large battle over unpaid bills.
Price rise 'blip' Diana Shipping chief Simeon Palios says bulker values have climbed more than they should have as he holds fire on cape and panamax buys.
Tanker treat Harry Vafias' Stealthgas improves annual profit as daily TCE earnings rise, mainly due to two new MR products carriers.
Di on the money Simeon Palios-led Diana Shipping hits market expectations for the fourth quarter as bottom line rises 48%.
Hunt goes on Consortium hoping to resurrect Cork-Swansea ferry raises EUR 2m, two thirds of its target.
Tsakos arrest over Greek ship attacked by pirates then arrested in Ghana over alleged payment defaults sails again.
Korean seizure Russian embassy tries to resolve detention of Amur Shipping cargoship by North Korean authorities.
Bigger is better Hornbeck sees fourth quarter bottom line lifted by arrival of newbuildings and higher offshore rates.
Malta bids State-owned Maltese yard group attracts 14 offers for its four shipbuilding and repair divisions.
Navios net dives Huge drop in annual profit at Angeliki Frangou-led Greek bulker owner but new credit terms agreed.
Swan stretches German owner Peter Dohle's container operation adds Danish and Swedish calls to St Petersburg run.
Double breach Dry-cargo losses and sluggish gasship earnings lead Camillo Eitzen to fire profit warning as it admits to breaking terms of loan.
Blame game Captain, pilot, shipmanager and US Coast Guard all fingered in Cosco Busan report which says incompetence made the crash almost inevitable.
Casualty clash China and Russia at loggerheads over sinking of ship 'fleeing port' which left eight dead.
Volga flop Russian owner Volgaflot carried 1.4% less cargo in 2008 as exports fell 24%.
Bank run? Croatian crew union threatens to withdraw EUR 400m from country's banks if tax system for seafarers remains unchanged.
Sandman strikes Officer of watch got three-hour shut-eye before German ship grounded on "gently sloping beach" off UK.
Subsidy return? Indian government close to reviving hand-outs for yards after scheme lapsed in 2007.
Forex hit Canadian tanker and bulker owner Algoma's annual profit dragged down by currency losses.
Jobs threat Union claims German yard group ThyssenKrupp considering up to 1,500 redundancies as orders fall.
Cruise crush Crewman critical after being trapped in hydraulic door on Australian cruiseship during drill in New Zealand.
Thy delay Svein Olaf Olsen's Danish ferry start-up fails to raise enough money to start Norway run on 1 June, but promises 2010 return.
Aegean inks credit Nikolas Tavlarios-led bunker company poised to tie-up $300m secured revolving credit facility.
Defaulters named US investment bank Dahlman Rose has identified the Excel Maritime bulkers in charter default.
Axel sells oldie Camillo Eitzen-unit sells elderly gasship for an undisclosed fee.
Going private? Halim Mazmin's majority shareholders want to de-list the company in face of market downturn.
Ocean Nova afloat Vessel owners say cruise ship that ran aground off Antarctica now free after refloating on high tide.
Tsakos piracy plea Greek owner calls for Gulf of Aden style taskforce for West Africa after its tanker is attacked.
SCI hatches link Indian owner teams with UAE's Hull & Hatch Lines for a Red Sea containership run.
Finnlines' recorded loss The financial crisis has strongly affected the result of Finnlines Group in 2008. Due to the sharp decline in Finland's foreign trade, Finnlines' cargo volumes dropped dramatically last autumn. However
Containerships add sailings to Denmark Containerships has added a weekly liner service between Riga, Klaipeda and Aarhus. The Containerships VIII is operating this new service and will also call at Teesport and Rotterdam. Containerships aims
Early delivery for Celebrity Equinox The outfitting of the Celebrity Equinox proceeds faster than planned at Meyer Werft. The owner Celebrity Cruises has therefore decided to introduce an additional cruise on July 31 to the
Clipper buys more shares in DFDS Group The Clipper Group has invested more money in the DFDS Group. In an announcement to the Copenhagen Stock Exchange, the Clipper Group informs that it now owns more than 15
Only four orders placed at Norwegian yards Only four orders have been placed at Norwegian yards in 2009, and the order intake is still low, according to the yard association Norske Skipsverft. However, the total value of
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