Baltic Dry Index seen stagnating in next quarter The Baltic Dry Index, a measure of world trade, will stagnate in the next three months after what is likely to be a record quarter as annual talks over iron-ore prices stall demand, a survey showed.
Somali pirates fire grenades at Japanese, Greek, HK ships Pirates fired rocket-propelled grenades and automatic weapons at Japanese, Greek and Hong Kong cargo ships off the coast of Somalia but fled after the ships took evasive manoeuvres, officials said yesterday.
February Suez Canal takings fall Egypt's Suez Canal revenues dipped 26 per cent to US$301.8 million last month, compared to US$407.7 million a year ago, and down from US$332.4 million in January, the Suez Canal Authority said yesterday.
Swiss reports favourable 2008 result Swiss International Air Lines (the group) achieved earnings before interest and taxes of CHF 507 million in 2008, a 6.5% decline on the prior-year result. Total income from operati...
Qatar announces new destinations Qatar Airways will add new routes and raise frequencies in the next nine months. Sydney and Melbourne are the two Australian destinations that are to be offered by December at...
Aeroflot Cargo certified to carry pets Aeroflot Cargo was certified to carry pets (dogs, cats and polecats) from Moscow to London under the PETS scheme on 12 March. The certificate was issued by the UK's ...
Gate Terminal expands activities Gate Terminal BV, a joint venture between NV Nederlandse Gasunie and Koninklijke Vopak NV, has signed a EUR 136 million senior financing agreement with the European Investment Bank...
Geodis buys two Giraud International business units The French logistics group Geodis has confirmed its intention to acquire Giraud International's Iron & Steel business unit and Central & Eastern European area division. The transac...
Venezuelan military seizes airport control Venezuela's president Hugo Chavez has ordered the military to take over the country's airports to gain control of installations run by opposition-held local governments. This comes...
DSV and ThorShip ink new contract DSV Air & Sea Holding A/S (DSV) and Thor Shipping Ltd (ThorShip) have signed a new contract that will take effect on 1 May. The partnership opens up new possibilities for both side...
German maritime shipping grew by only 1.8% in 2008 German sea freight throughput in 2008 did not reach the high rate of growth of the previous year. Germany's Federal Statistical Office (Destatis) in Wiesbaden has issued ...
Sea Terminal Sassnitz ships first containers to Finland Sea Terminal Sassnitz GmbH & Co KG shipped its first 28 40-foot containers from its site in Mukran (Germany) to Finland in mid-March. The consignment consisted of machines and...
Port of Le Havre reorganises management The French port of Le Havre will be managed by an executive board with a supervisory board in future. The top executives of Grand Port Maritime du Havre (GPMH) will also be able to...
Deutsche Post DHL launches SmartTruck pilot project in Berlin Deutsche Post DHL has presented its SmartTruck pilot project in Berlin. Two delivery vehicles fitted with dynamic route planning software will operate along routes in the down...
Breakers win Dhaka court reprieve BREAKERS in Bangladesh today won a reprieve from the country's Supreme Court, which overturned a lower court order to clean up their yards in two weeks or face closure
Prestige Three to face trial A SPANISH judge has ruled that three Greek officers charged after the 2002 Prestige sinking and oil spill should face trial
LA-LB to press fees despite ruling PORT OFFICIALS in Los Angeles and Long Beach are pledging to continue with a plan to reduce pollution with a truck replacement programme, despite losing a key court ruling
Car carrier escapes pirates PIRATES have attacked a Mitsui OSK vehicle carrier in the Gulf of Aden but failed to capture the vessel, MOL said today
Canada pipeline clears hurdle A PIPELINE that will deliver natural gas to the Canadian port of Kitimat for liquefaction and export to Asian markets has cleared a major regulatory hurdle
Transprocon takes Swedish Navy to Somalia Transprocon, a company in the Imperial Shipping Group, has been appointed by the Swedish Navy to handle the transport of two corvettes and one support vessel to Somalia. "We have
Torm shareholder in financial trouble The Greek shipowner Gabriel Panayotides who controls the majority of the shares in Dampskibsselskabet Torm along with his son and his sister-in-law (through companies Beltest and Menfield), is
Container feeder aground with drunken crew The officers on the German-owned container feeder Karin Schepers were heavily intoxicated by alcohol, when the ship ran aground in Øresund on Sunday morning. The officer on duty fell
Fewer insurance claims in the wake of the crisis The economic crisis seems to have had a positive effect on the number of marine insurance claims. According to International Union of Marine Insurance, IUMI, the number of total losses
Korean shipyard goes bust According to local media, South Korean SNC Shipbuilding has filed for bankruptcy. The shipyard is not completed and no vessel has been delivered. The aim was to build bulkers up
First of four Turkish newbuildings delivered to Väderötank Väderötank in Grebbestad, on the Swedish west coast, has taken delivery of the first vessel of four 2,150 DWT product tankers from Selay Shipyard In Tuzla, Turkey. The vessel was
Liberia reaches 3,000 vessels The Liberian International Ship & Corporate Registry has now 3,000 vessels registered, Marinelog reports. The milestone was reached by the 105,400 DWT aframax tanker Ise Princess, operated by Tsakos Shipping & Trading
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