Tanker ops drag down Norden profit D/S Norden A/S, Denmark's biggest commodities shipping line, said that third-quarter profit fell 69 per cent because its tanker operations lost money.
Nordic bags charters for accommodation vessels Singapore-based Nordic Maritime said yesterday it was building four premium accommodation and construction vessels, having already sold one and secured long-term charters for two.
China to ban single-hull tankers on local routes China plans to ban the use of single-hull oil tankers for domestic shipping in a move to prevent potential environmental damage, an official from the Ministry of Transportation said on Wednesday.
Roland Kownatzki new COO of Gondrand Switzerland Roland Kownatzki was named as the new COO of Gondrand Switzerland on 1 November. Kownatzki, who will report directly to Giancarlo Bezzola, the Gondrand group CEO, started his trans...
Wuhan to build country's second-largest inland port The government of Wuhan has given the green light for the construction of an inland port, which should become China's second-largest after the one in Nanjing. The new centre will b...
Marseille's sea wall under repair Work has started on a five-year EUR 20 million project to renovate Marseille's sea wall protecting the port's eastern harbour, with repairs to the first 50 m section now complete. ...
Gondrand Atege opens Norddeutsche Seekabelwerke centre in Germany Gondrand Atege, a member of the Basel-based Swiss transport and logistics group Gondrand, opened a new 6,000 sqm logistics centre for Norddeutsche Seekabelwerke (NSW) in Nordenham ...
DHL consolidation centre contract extended at Heathrow airport Heathrow Airport Ltd (HAL) recently extended a DHL Supply Chain contract for the operation of the Heathrow Consolidation Centre (HCC) to October 2012. The EUR 25 million agreement ...
Panalpina receives award from Sigma-Aldrich Sigma-Aldrich, a leading life sciences and high tech enterprise, has awarded the Basel-based Swiss forwarding and logistics provider Panalpina an award for continued global excelle...
Cargofresh opens insolvency proceedings The German service providers Cargofresh and Cargofresh Engineering have opened insolvency proceedings, with all commercial activities being continued for the moment. The companies ...
Bill Stern elected South Carolina ports authority chairman Bill Stern has been elected to a two-year term as chairman of the South Carolina State Ports Authority (SCSPA), beginning in January 2010. Stern, the owner and president of the rea...
Airbus wins commitments worth billions at Dubai Air Show Airbus announced commitments made to purchase aircraft from its 33 aircraft product range worth more than USD 5.3 billion at the 2009 Dubai Air Show. The commitments include firm o...
Emirates to support new carrier Senegal Airlines The Senegalese government and the Emirates aviation group announced a joint agreement recently for Emirates to support Senegal Airlines. The government launched the new carrier, wh...
CMA CGM debt rescheduling results expected in December Shipping line CMA CGM's financial situation remains tense, but at least the time pressure in the corporation has eased a little recently. The date for the completion of its debt re...
Asia/US capacity slashed CAPACITY on Asia/US East Coast routes will be slashed, the New World Alliance announced today
Bunkerers see profits off UK BUNKERERS are making a fortune from tankers waiting off the UK for oil prices to rise, Fairplay was told today
Russia to slash carbon RUSSIA will cut its carbon emissions by up to 25% below 1990 levels and raise fines on oil companies involved in gas flaring, IHS Global Insight reported today
AT triples pre-tax profits ACCIONA Trasmediterranea of Spain said today the sale of two ferries helped it triple pre-tax profits in this year's first nine months, against that period of 2008
Navios to sell more shares NAVIOS Maritime Partners today priced its third and largest follow-on offering of the year
Norden upped Praising a "pristine balance sheet", Cantor Fitzgerald lifts Danish owner's rating to "buy".
Red flag? Tougher tanker restrictions in Venezuela could sour international owners on lucrative Pdvsa charter business
Maritime moods Readers are capturing many evocative images of life at sea as they compete to be TradeWinds' Photographer of the Year.
No Moon sale President of Greenwich-based Skaarup denies report that bulker Moon Sea has been sold.
Time trouble Antonio Zacchello linked Cargoship Maritime to renegotiate "unsustainable" product carrier period charters in bid to avoid liquidation.
Washington cuts Jonathan Whitworth-led Washington Marine Group is cutting 20% of shoreside staff.
$1m oversight Yuri Nikitin claims he did not monitor payments into his offshore bank account from co defendant Yuri Privalov in Sovcomflot corruption trial.
Aries to rename New controlling shareholders at Aries Maritime Transport plan to call it NewLead Holdings.
Dry shares fall Amid drop in broader markets and sell-off in FFAs, bulker shares give back Wednesday's gains despite flat BDI.
Duo for sale Russia lines up auctions next month for 25.5% stakes in two shipowners.
Balancing act Clarksons' Sovcomflot commissions were split between Nikitin companies through broker court hears.
Stolt buys VLGC Oslo-listed shipowner bags its first VLGC less than a month after its debut in the sector.
Tamils disembark Asylum seekers living for a month on Eidesvik's Oceanic Viking turned over to Indonesian authorities after agreement with Australia.
Sasco suffers Far eastern Russian owner sees earnings chopped in first three quarters as cargo volumes fall and costs rise.
Fast appointment Norwegian media tycoon Trygve Hegnar named chairman of Hurtigruten less than a week after taking a $45m stake in the company.
Lessons learned Masters at helm of Maersk Alabama during both pirate attacks this year spent four years at US academy together.
Norden off colour Danish bulker owner sees profits slide 70% from a year ago due to much weaker drybulk rates.
Brazil bump Ultrapetrol details Brazilian PSV charters at rates well above averages since 2007.
TNWA cuts back Cooperation with Grand Alliance allows containership group to pull vessels from Pacific service.
Juicy stake George Karageorgiou's holding in Globus Maritime swells to over '600,000 after fresh shares are granted free of charge.
BWO back to black Oslo-listed FPSO owner returns to profitability in Q3 after last year's impaired showing.
Double departure Choi Kil-Seon quits as president and CEO of Hyundai Heavy with Hyundai Mipo boss also heading for the exit.
Bergen offloads Norwegian shipbuilder sells Sweden's Landskronavarvet yard 18 months after buying it.
Tanker rescue USCG airlifts 'distressed' crew member from German tanker Fedor off California.
NMM plans issue Angeliki Frangou-led bulker outfit set to issue up to 4.6m new shares to fund its expansion.
MHI selling Japanese shipbuilder lining up bond issue that could be worth up to $560m.
Stay away! Carnival Australia continues fight to ban drunken "schoolies" from cruiseships in festive season.
DryShips buys George Economou bulker outfit says it is buying two unnamed panamaxes, thought to be Cido ships.
On your marks India's ABG and Bharati shipyards win approval to make offer for Great Offshore.
Paying for quality Teekay shipmanagement boss says industry benchmarking is positive.
Tug capsizes Crew escapes serious injury in Fremantle, Australia, after ship overturns.
Heavy revenue Dutch heavy-lift owner Dockwise signs up for $24m of business this year and in early 2010.
Star renews Akis Tsirigakis-led bulker outfit secures employment for three ships as shipmanagement changes hands.
Öresundsvarvet to aquire Landskronavarvet Norwegian Bergen Group has signed a letter of intent with Swedish Öresundsvarvet that is planning to aquire its neighbour Landskronavarvet. In a stock exchange note, Bergen says that it expects
South Africa belives in strong flag South Africa has come to understand the importance of domestic shipping. South Africa must have 300 vessels registered in the country to be able to secure its trade, industry and
Capesize rates jump above USD 100,000 An apparently insatiable Chinese desire for coal and ore has made capesize rates skyrocket to levels not seen since the fall of the Lehman Brothers. On the Australia'China trade
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