Surge in crude oil tanker bookings to Middle East The number of crude oil tankers booked to ship Middle East crude has surged, crimping supply and boosting freight costs, shipbrokers said.
China tells ships to avoid Somali pirate area China has warned domestic shipping lines to keep away from the area where Somali pirates hijacked a China Cosco Holding Co's bulk carrier in the Indian Ocean two days ago.
Vietnam to launch first cargo airline According to local media reports, Vietnam's aviation authorities have granted Trai Thien Air Cargo a licence to provide domestic air cargo services. Expected to begin operations ea...
Kuehne + Nagel earnings slip in Q3 The global forwarding and logistics service provider Kuehne + Nagel, based in Schindellegi (Switzerland), reported that its decline in profit slowed in Q3/2009, due to the consiste...
Thai Airways to expand airfreight business in 2010 Thai Airways has announced that it has signed a blocked space agreement with the US carrier Southern Air for two of its Boeing B777-200LRs. Pruet Boobphakam, Thai executive vice-pr...
Lufthansa Cargo and Hermes intensifying cooperation Lufthansa Cargo and Hermes Transport Logistics are intensifying their cooperation. Since early August, the German cargo carrier has been handling the logistics of all incoming ship...
Kuehne + Nagel reorganising overland transport division The Kuehne + Nagel Group (K+N) is continuing its stringent cost management programme, which will have a major impact on the global operator's overland transport division. The logis...
Raben Group expanding in Poland The Raben Group recently commenced building another distribution centre in Strykow (Poland). It is the group's third investment in Strykow to date. The new facility, with a total c...
Cargomasters new Experts for Experts partner in Finland and Baltic states Experts for Experts (e4e), a global management consultancy and executive search group specialised in the transportation and logistics sector, announced that Cargomasters, a Helsink...
Applica extends contract with Weber Distribution Weber Distribution, a leading third party logistics and supply chain management provider for 85 years, has signed an extended multi-year contract with Applica Consumer Products Inc...
Top international air cargo industry representatives to assemble in Leipzig/Halle Leipzig/Halle airport (Germany) will host the International Air Cargo Association's executive summit and annual general meeting on 16-18 May 2010. During the three-day Tiaca event,...
Rail associations link up to make interoperable railways a reality European Rail Infrastructure Managers (EIM), the Community of European Railway and Infrastructure Companies (CER) and the International Union of Railways (UIC) recently announced t...
LUKoil rejects new pipeline RUSSIA'S second-largest oil producer and exporter LUKoil told Fairplay today it has no interest in supplying crude for a pipeline scheme agreed this week by Russia's energy minister
US box slump eases MONTHLY drops in US container imports are lessening, according to a new survey by IHS Global Insight and the National Retail Federation
Banks appoint 'workout' teams SHIPPING banks, faced with growing defaults on ship mortgage loans, are seeking closer ties with ship management companies to ensure smoother foreclosures
Leixoes sets quarter record PORTUGAL'S Leixoes port moved 8% more containers in the third quarter of the year than the previous quarter, the port confirmed to Fairplay today
MOL seals China iron deal MOL HAS sealed a long-term deal with Jiangsu Shagang of China to transport iron ore from West Australia and Brazil to Ningbo, China
IMB sees worse pirate violence PIRATE attacks against merchant shipping are becoming more frequent and more likely to involve guns, the International Maritime Bureau has warned
Box ship, bulker collide SAO PAULO port officials are today investigating the collision of a Hamburg S'd box ship and a bulker off Brazil's Santos port
Seacor net dives Seacor Holdings reports 65% drop in third-quarter profits as the company cold-stacks 26 vessels.
Privalov to appear Key player in trial of the decade to give evidence via video link, it was confirmed today.
Dispersant used Authorities to use aircraft to spray fuel oil spilled from a Novoship tanker off Texas as weather prevents on-water clean-up.
Bulkers cut back Jefferies analyst ratchets down bulker earnings estimates but keeps bullish view on the sector.
Declines shrink US container port numbers still lower than last year but are whittling down the gap.
OK for Chapter 15 US federal bankruptcy judge gives South Korea's Daewoo Logistics protection from creditors
Hercules surges Rig, liftboat and offshore vessel owner sees 12.5% jump in Nasdaq-listed stock price.
Texas tussle Oil spills after Novoship tanker and AET offshore supply vessel collide off Galveston.
Cash drawer Ex-Sovcomflot CFO Igor Borisenko kept $250,000 in cash in a drawer at his home before giving it to Tagir Ismailov to invest, he tells London court.
Prepare for losses Jefferies analyst says wider losses are expected from tanker owners thanks to weaker-than-anticipated rates.
OSX wants two Brazilian shipbuilding upstart controlled by Eike Batista mulling a second shipyard near Rio de Janeiro.
Sharing spoils? Igor Borisenko shared in funds illegally diverted to an offshore account by Yuri Privalov, QC claims.
Right time Wilh Wilhelmsen takes advantage of better Norwegian bond market to raise NOK 600m.
Future cloudy Germany's ThyssenKrupp in talks with Greek authorities over its Hellenic Shipyards, but no decision taken yet on closure.
Cosco holds back Singapore shipbuilder's Dalian yard in China agrees delays of up to 23 months for five European-owned post-panamax bulkers.
Lasco lashed Investor at centre of share tussle blasts Latvian owner's sale of two LPG ships to Pacific Carriers.
Aker Philly rises Philadelphia shipyard posts stronger nine-month earnings on lower costs, but future remains unclear.
MOL wins ore deal Japan's Mitsui OSK Lines the first foreign shipping line to take long term business from Jiangsu Shangang.
Share-out Indian government likely to offer workers stock options to smooth path of Cochin Shipyard IPO.
Heavy contact Portuguese manager advised to improve bridge planning after cargoship bashes dock in Scotland.
Piracy arms alarm Huge spike in number of gun attacks on ships as 2009 piracy figure already tops last year's total.
Another let-off German warship Bremen lets pirate suspects who jettisoned weapons go for second time in a week.
No fire Arklow Fortune suffered turbo blower failure, not machine room blaze, owner confirms.
Bergen boost Norwegian yard group wins pipe installation deal on Hellesoy Verft offshore newbuilding.
HHI wins Massive $2.06bn contract to build train modules for Gorgon LNG project goes to Korean yard.
Fortunate Fame Norway-flagged ship Fame makes it safely to Scottish port after suffering engine failure.
Ever upwards Taiwan's Evergreen announces another rate restoration to "help restore financial losses."
Demanding times North Sea cargo runs to smash 2008 level this year but PSV rates continue to slide, Broker says.
Pipavav scores Recently listed Indian shipbuilder confirms orders for twelve offshore support vessels from ONGC.
NWA cuts back The New World Alliance and Maersk are cutting capacity on the transatlantic trade by one-third.
Euronike fixed Greece's Tsakos moves suezmax from spot market into oil major charter with profit share.
APL expands NOL liner subsidiary boosts Intra-Asia network with service linking Japan, Thailand and Vietnam.
Tankers need grace period to meet sulphur rules It will take at least one more year before all tankers can comply with the EU requirement for burning bunker fuel with a maximum sulphur content of 0.1 per
ACE Link suspends payments ACE Link that operates pure passenger ferries on the Helsingborg ' Helsing'r run has suspended its payments to suppliers and the Danish part of the company is under reconstruction. A trustee
Copenhagen and recycling on EU agenda The EU environment ministers will discuss and adopt conclusions on the EU position ahead of the Climate Change Conference in Copenhagen when they meet in Luxembourg today. They will discuss
Tanker collision in Gulf of Mexico Ruptured fuel tank spills oil, bunkering continues as normal.
Mid-week bunker prices mixed in Europe NYMEX showing gains of more than $1 in early trading.
Seatrade Reefer Chartering halves bunkering department Eildert van Slooten leaves after 27 years of service.
Bunker demand in Nigeria remains strong Bunker market reformers confident the industry will 'be given the sanity it deserves'.
Stockpile report pushes oil over $80 Market bullish on this week's numbers, posting new high.
Prices slide in Fujairah Durban prices hold steady mid-week.
DNVPS raises concerns about draft ISO 8217 revision Some proposed limits may have 'adverse safety and operational implications', objects to ISO 4259 precision reference.
Supplier seeks fuel oil cargoes Taiwanese state-owned oil company needs 80,000 mt of product for bunker sector.
Hong Kong: Shipping 'major source of pollution' Study calls for urgent action to cut pollution from Hong Kong's container port.
Bunker prices weaken in Asian hubs 'Critically low' supplies in Tokyo Bay.
External: Marine Bunkering (Rotterdam) B.V
SPC says goodbye to SGX PetroChina completes acquisition of all remaining shares in SPC.
European fuel oil prices at year high Partial shutdowns at Europe's two largest refineries lending support.
Singapore bunker prices undercut fuel oil The discounts are 'deepest for almost three years'.
'Speculation' behind oil prices rises OPEC secretary general says crude oil markets have no shortage of supply.
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