Freight derivatives extend drop Contracts used to bet on hire rates for capesize ships that haul iron ore fell further as immediate- booking rents slid the most since Sept 23.
DPD and newly-founded Posten Norden in partnership Having overcome the last anti-cartel hurdles DPD, a Swedish post office partner of many years standing, has now become a partner of the new Posten Norden in most Scandinavian count...
Kika entrusts logistics operations in Belgrade to Milsped The Austrian furniture wholesaler Kika has entrusted the complete logistics operations for a new 11,000 sqm shop opening in Belgrade (Serbia) at the end of November to Milsped...
Rege Motorenbau extends Wincanton contract Rege Motorenbau GmbH has banked on Wincanton's transport and logistics services since early January 2009, and now extended the transport management, procurement and distribution co...
Rieck and OTM in transatlantic logistics collaboration The Berlin-based German company Rieck Logistik entered into an exclusive transatlantic logistics collaboration agreement with Brazil's OTM Servicos de Logistica Internacional Ltda,...
APM Terminals container handling 9% down APM Terminals' vice-president and CFO Christian Moller Laursen said that the firm's global network has not been immune to the negative effects of a 15% decline in global container ...
New World Alliance changes NYX transpacific service APL, Hyundai Merchant Marine (HMM) and Mitsui OSK Lines (MOL), the carriers that make up The New World Alliance (TNWA), are making some service and capacity changes. From 2 Decembe...
Ust-Luga to break 10 million t barrier The new Russian Baltic Sea port of Ust-Luga will break the 10 million t barrier in 2009, according to port captain Oleg Glukhov, who admitted that the year had been severely compli...
BAA improves air cargo figures The seven UK airports belonging to the British airport operator BAA registered slight air cargo growth in October, for the first time since August 2008, handling 1.5% more tonnes o...
AF-KLM plunges into the red The Air France-KLM corporation has plunged into the red and is thus proposing to cut capacities and implement a voluntary redundancy programme at Air France from 2010 involving 1,7...
US reviews green ship proposals US EPA rules that would require deep cuts in ship emissions for large oceangoing ships are being reviewed at the White House
Yemen exports surge YEMEN'S exports surged 20.9% year-on-year to over 1.5 trillion rials, IHS Global Insight reported today
US ship rules target Madagascar VESSELS bound for the US that previously visited ports in Madagascar, off the southeastern coast of Africa, might be required to post armed guards at ship access points while in US ports
Tajani nears second EU term ITALY'S Antonio Tajani looks set to be reappointed as EU transport commissioner
Inducements denied at inquiry TONGA marine department acting head Viliami Tu'ipulotu denied today that "inducements" had been offered to issue "false" provisional certificates to the 37-year-old ferry Princess Ashika
Poor nations near tariff deal A GROUP of developing countries is reportedly about to close a trade deal would cut preferential tariffs on up to 70% of imported goods
Wonderful, wonderful Copenhagen? In less than two weeks, 20,000 or more of the great, the good and the green will ever so gently put down their carbon footprint in the city of Copenhagen to assemble for COP15, the 15th United Nations climate convention - billed as the last chance for a new global treaty on carbon omissions.
COP15 urged to set climate agreement deadline
Port finance getting harder
Liner shipping is sick
OECD warns recovering nations: 'do not expect a smooth ride'
Bulker hijacked Greek-controlled Red Sea Spirit nabbed by pirates 67 kilometres from the Yemeni port of Balhaf.
'Without merit' Overseas Shipholding Group (OSG) fighting added claims in lawsuit challenging $71.8m takeover of OSG America.
Zhen Hua arrested Kyla Shipping arrests Chinese-controlled Zhen Hua 25 in Alabama over three-way collision off Brazil.
Ship loan woes Even after Europe exits recession, European banks face a shipping recession.
DryShips' duo Brokers say Cido Shipping panamax bulkers are the pair bought by Goerge Economou's DryShips.
Bulker outlook up Lazard Capital Markets analyst's latest projections show drop in projected bulker supply and improvement in demand.
Wait for the sales A separate IPO would have placed pressure on Eitzen Bulk to buy assets in the wrong market, its managing director says
A generous man? Yuri Nikitin (above) challenged over claims he handed out heaps of cash to Sovcomflot's Yuri Privalov for accountancy and consultancy work.
Bogus bills Yuri Nikitin admits approving fictitious service agreements to pay former Sovcomflot London chief Yuri Privalov for work he never did.
Caught on film NATO video footage shows Somali pirate suspects ditching items overboard as Navy closes in.
Back to Hawaii? Marad willing to discuss Hawaii deployment for two ropax catamarans abandoned by collapsed Hawaii Superferry.
White on Black Passenger charged after cocaine found when Fred Olsen ship Black Watch called at UK port.
Cleared to sail Container barge La Princesa cleared to sail but must address structural problems after grounding.
Wilson Mo sold Norwegian owner Wilson ASA sheds small, laid-up bulker for figure short of book value.
London picks 5% Directors of the 'big ship' club set modest general increase for P&I but seek rate rise of 20% on FD&D.
$66m for Navios Navios Maritime Partners says it expects to rake in up to $66.4m in net proceeds from latest offering.
Going public Eitzen Bulk secures Copenhagen listing following merger with Camillo Eitzen sibling Orion AS.
It's quotes time There's upheaval afoot at TMT and Dmitry Skarga runs up Nectar points at the local Sainsbury's.
TTA chest grows Thoresen Thai Agencies gains $200m loan to support its expansion drive.
Eagle flies nest Eagle Maritime of Japan's products tanker Seto Eagle reportedly sold for up to $21m.
HSH takes big hit HSH Nordbank's shipping arm makes loan loss provisions for first nine months of 2009 of almost $1.5bn.
Pirates busted Portuguese Navy thwarts attack in Gulf of Aden while Greek warship nabs five suspect boats.
'Arms' ship free Al-Mizan, alleged to have been carrying illegal weapons when seized by Somali pirates, released.
Last order binned Fourth and final Glenda Shipping products tanker newbuilding canned at SLS, d'Amico says.
Maritime moods Readers are capturing many evocative images of life at sea as they compete to be TradeWinds' Photographer of the Year.
New5 in Numb3rs Theodore Angelopoulos wins High Court haul, RBS readies tanker auction and SLS boss faces embezzlement charges.
BC profits rise Canadian ferry company sees earnings increase as revenue jumps and costs are kept under control.
Norden upped Praising a "pristine balance sheet", Cantor Fitzgerald lifts Danish owner's rating to "buy".
More bonds George Economou-led DryShips stretches notes issue to $460m with proceeds likely to top $380m.
Hanjin restores South Korean liner operator to bump up freight rates between Asia and Europe from next month.
Alam ahead Malaysian offshore player bucks market trend and reports increases in profits and revenue.
Seanergy fixes Restis US-listed drybulk operation ties-up supramax for twelve months leaving only one ship on spot.
Maersk contractor accused of threaths and assault of personnel According to ITF, the Indian company SC Thakur has for several years abused and threatened staff organised in trade unions. Their families have also been harassed. SC Thakur is a
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