Piracy pushing up cost of business Pirate raids on shipping off East Africa have already pushed up insurance and business costs, and threaten greater harm to trade if the tactics are copied elsewhere, Munich Re said last Friday.
Pirates release crew, take off with tug, barge in S China Sea The Singapore-registered tugboat and barge pair Prospaq T1 and Prospaq B1 respectively have become the latest victims in what appears to be a rising trend of piracy cases in regional waters as the economic downturn drags on.
Charity regatta kicks off S'pore Maritime Week Singapore Maritime Week 2009 kicked off to an appropriately nautical start with a charity event, the Singapore Maritime Week Regatta, that was flagged off by Second Minister for Finance and Transport Lim Hwee Hua at Raffles Marina on Saturday.
Österreichische Post wins contract from Hermes The Austrian postal service provider Österreichische Post has closed a major deal with its competitor Hermes to deliver parcels to end customers. However, the Austrian state-owned ...
BMW selects Ceva Logistics The logistics service provider Ceva Logistics has been awarded a new contract for the management of warehouse operations for the German car manufacturer BMW. The contract applies t...
Rangel enters pharmaceutical logistics field The Portuguese forwarding and logistics corporation Rangel Group, established in 1980, recently expanded its already broad portfolio of services to include pharmaceutical logi...
SIL Barcelona: Pre-Register for free without waiting in line Attending the SIL Barcelona is easier than ever before, as you can pre-register for free without waiting in line. The organizers of SIL and ITJ Logistics Worldwide invite...
Tanker rates collapse EARNINGS dramatically plunge across all tanker types in both dirty and clean trades
Tanker market faces worse slump than first thought
Lines slow to lay up biggest containerships BOX lines are keeping most of their very big ships in service, despite a collapse in cargo volumes this year.
Brussels forced to climbdown over climate change laws EUROPEAN Commission forced to climbdown from its threat to impose regional greenhouse gas legislation on the maritime industry.
75 saved from sinking ship PASSENGERS from a sinking passenger ship are safe today, thanks to a German box ship's crew that rescued 75 survivors off Tanzania
Piracy cost impact discounted SO far, piracy's financial impact on shipowners is less than implied by blanket press coverage, according to Lazard analyst Urs Dur
Blockade forced back to France A BLOCKADE of French fishing vessels that held up ferries and played havoc with local shipping was forced back to Boulogne this morning by a fleet of cutters sent by the French government
Chinese aircraft carriers ahead? CHINA'S territorial disputes over shipping routes, offshore gas deposits and maritime boundaries appear to have produced a major change in naval newbuilding policy
800 laid off at Bulgarian yard BULGARIA'S Rousse shipyard said today it plans to lay off all 800 of its workers
EU halts carbon emissions law THE EU halted plans today to impose regional greenhouse gas laws on the shipping industry because of the global recession
Is the worst over or will the green shoots turn brown? After experiencing one of the worst first quarters in living memory, ocean carriers must hope that President, Barack Obama's comments this week that there are signs of 'glimmers of hope' in the US economy do not eventuate to be 'fool's gold'.
US court blocks FMC injunction in clean trucks case
More Antwerp calls after MSC Beatrice trial success
Clinton piracy strategy welcome; but shipowners need deterrents
86m shares! George Economou's DryShips pumps up the volume en route to new single-day trading record and 29% gain.
Overrated? Economically speaking, piracy is not worth all the media fuss, US analyst opines.
Bulking up DryShips' momentum sparks rally by entire dry-bulk sector on high-volume Wall Street trading.
Banking on less Nordea slices tanker spot rate projections and drops target price for Frontline.
DryShips sailing George Economou-led bulker owner sees stock boosted as $500m share issue leads to upgrade.
Swedes keep BBB Gothenburg based hull and P&I club hangs on to rating despite tough but ultimately profitable year.
SOS success Komrowski boxship rescues 75 off Tanzania as others scared off distress call by piracy threat.
It's quotes time Mathematician George Economou on exs and whys while Somali pirates wage war on the US.
Two more for fight Knut Hundhammer confident of victory as Transfield and Pacific Bulk pledge support to Armada creditor action group.
Skaug bags more Wilh Wilhelmsen CEO's pay climbs in 2008 but other executives are catching up fast.
Trafigura tethered Cargo onboard tanker Nord Observer arrested in Nigeria as local outfit fights trading giant in court.
Power cut Ukrainian shipyard 61 Communards loses electricity supply as unpaid bills to provider mount up.
Mornes mess Sweden's Thun criticised over bridge manning levels after bulker damaged in jetty collision.
Bolters bagged Two of four crew who escaped from a cargoship seized in India have been nabbed by local authorities.
Losses grow Croatia's 3 Maj shipyard posts bigger deficit for 2008 as costs increase and revenues fall.
Switch confirmed Marc Saverys' CMB confirms entry into the tanker market after owning up to switching two capesize newbuildings for three aframax tankers.
Rousse standstill All 800 workers at Bulgarian shipyard are being laid off temporarily as materials run out.
ICTSI pays down Philippines container port player reduces short-term debt and agrees new five-year loan.
Ugland inks resale Norwegian owner in the process of picking up a handymax unit under construction in the Philippines.
Dover profit dips But British port is talking up its prospects despite the economic downturn.
Pier prang Hellenic Seaways ferry damaged in collision off Paros, Greece, but no injuries reported.
Vale delays Brazilian miner delays start of $2.3bn Onca Puma mine for at least a year, while Port Colborne facility set for eight week summer shutdown.
Skuld scales back Norwegian P&I club to close its Singapore office after only two-and-a-half years due to financial crisis.
Japanese merger K Line and Tokyo Senpaku respond to cargo volume drop by combining runs to Malaysia and Indonesia.
Eight safe All crew rescued after tanker takes on water and sinks off Philippines.
Fleeing fire More than 200 workers evacuated from DFDS hotel ferry after blaze breaks out in engine room.
CSAV seeking cuts Chilean liner operator looking for reductions of up to 30% in charter hire payments says PST.
Clause warning North of England advises members to avoid using charterparty clauses requiring RightShip approval.
Wide berth International Chamber of Shipping endorse plan to sail 600nm off Somalia's Indian Ocean coast.
ATM completed George Economou-led DryShips says it has completed its $500m equity offering to investors.
Fire on Queen of Scandinavia ' passengers evacuated Late last night, a fire broke out on the DFDS ro-ro passenger ferry Queen of Scandinavia, and about 250 persons were safely evacuated. No injuries have been reported. The
Container handling drops sharply in European port giants The container handling in Antwerp was down by more than 16 per cent to 1.7 million TEU during Q1, compared to Q1 2008. The total cargo turnover fell by
ICS backs exclusion zone The International Chamber of Shipping, ICS, supports a plan to exclude vessels from an area 600 nautical miles off Somalia's coast to avoid pirates. 'Ships shouldn't sail within the zone
Absalon back home after anti-piracy mission The Danish frigate Absalon has returned to Copenhagen. Absalon has been patrolling in the Gulf of Aden for eight months. During its mission Absalon captured five Somali pirates, they have
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
