Baltic Dry Index posts third weekly drop The Baltic Dry Index, a measure of shipping costs for commodities, posted a third weekly drop as Chinese raw material demand weakened and new ships took to sea.
Woodland inaugurates new logistics centre in UK The Woodland Group has opened a new warehouse and logistics facility in Rotherham, South Yorkshire (UK), which has become a key regional distribution centre for the group...
Go! Express & Logistics business on a par with last year The German CEP service provider GO! Express & Logistics reported a stable number of shipments in the first six months of this year. The volume of 1.46 million consignment...
Hanjin Heavy puts IRISL boxships up for sale FINANCING dispute prompts fire sale of three 6,500 teu vessels originally ordered for around $100m each.
Owners in the dark as Hanjin Heavy delays order in bid to save $1.3bn deal
GSL agrees revised terms on $800m facility GLOBAL Ship Lease suspends dividends and agrees to cancel $200m from the undrawn amount, among other concessions.
Berlin sets timing for Hapag-Lloyd state aid BERLIN government will decide on Hapag-Lloyd's application for state guarantees by mid-September.
Low rates and poor demand hit Lauritzen SHIPOWNER hit by low bulk rates in the first quarter of the year and by drop in demand for its tanker fleet in the second.
Iran orders VLCCs from China NATIONAL Iranian Tanker Co has placed firm contracts with two state-owned Chinese shipyards for 12 VLCCs, a shipbroking source in London told Fairplay
Maersk looks to rates and costs DENMARK'S AP Møller-Maersk told Fairplay today it expects its recent freight rates rises to hold fast and it will keep slashing costs in the face of today's heavy losses
75 said to die on migrant boat SEVENTY-five out of 80 migrants reportedly died en route to Europe after they set sail on a dinghy from Libya 20 days ago
Nordbank hit by writedowns EMBATTLED financier HSH Nordbank has notched up a deficit exceeding '100M ($143M) from its shipping business after loan loss provisions in the first half of the year
Early Norway recovery seen NORWAY'S economy emerged from recession in this year's second quarter, IHS Global Insight reported today
Slow go for US ro-ro CARRIERS calling on US ports are getting little help from their ro-ro car carrier divisions to take up the slack from their foundering box business
Dropping off the rubbish CONTAINERS of dangerous waste exported illegally from the UK to Brazil arrived back at Felixstowe today, the UK's Environment Agency told Fairplay
Is trade rebalancing a requirement for a sustained recovery? It's official: the green shoots were real, the recovery is here! News from Japan this week that the world's second largest economy had joined France, Germany and Hong Kong in emerging from the recessionary black hole was further confirmation that the worst really is over; but now the hard work begins, to sustain the recovery.
Swiss flag sale Brokers report a handymax sale for delivery six months from now.
Sealift scores The US Navy is spending $31.4m on this feedership over the next five years.
Log-In takes two Log-In Logistica Intermodal has chartered a pair of containerships to replace smaller ships and has struck a deal with a rival that will carry cargo to and from Manaus.
Matveev appeals Solchart chief is looking for answers on Arctic Sea and crew as he claims authorities have left manager in the dark.
C&C bags $50m Petrobras hires C&C Technologies for two-year work with the seismic survey vessel Northern Resolution and an underwater vehicle.
Arrests imminent ITF to seize two Latvian-owned ships in the Netherlands with crew crying foul on third ship in Ireland.
Eco-warriors 'Green' Somali pirates have Baltic brothers as alleged Arctic Sea 'hijackers' claim to be environmentalists.
Rubbish returns MSC Serena to dock in UK port with majority of rotting waste illegally dumped in Brazil last month.
Lauritzen lashed Danish shipping group's first half profit dwindles as bulker earnings plunge, but second half will be better.
Maersk posts loss Danish behemoth slips into the red at the half-way stage of 2009 on weaker boxships and tankers.
It's quotes time The Arctic Sea may have been found but the truth seems to have gone AWOL.
Pelindo spends Indonesian state company leading consortium ploughing $500m into port development.
Ro-ro plan India's Gujarat Maritime Board to tender for an owner to run a ferry link from new terminals to the south.
Siem scores Norwegian owner fixes supply ship for nearly a year's well work.
Holiday woe Elderly woman taken from Carnival ship Holiday to hospital after damaging leg off US.
Ufuk-ed Philippines coastguard detains Turkish ship Captain Ufuk and crew with alleged illegal weapons cache.
Less bulky Norway's Belships posts profit of just $309,000 in the second quarter as revenues crash.
Deficient duo A DS Schiffahrt boxship and ST Shipmanagement cargoship end up on Hong Kong's July detention list.
Down in fourth Fall in revenues hurts bottom line at Singapore offshore shipbuilder and repairer ASL Marine.
Tanker snag King Everest caught on buoy cable after overshooting turn in approaches to Humber, UK.
Havila hits target Norwegian offshore owner bags NOK 300m in bond issue but makes no mention of refinancing debt.
GSI weaker China's Guangzhou Shipyard sees interim profits cut in half by higher material and labour costs.
Zepter to bid Serbian tycoon Philip Zepter aiming to buy three of the five Croatian shipyards being privatised this year.
Damen deal Yemeni ports group orders another workboat from Dutch shipbuilder for delivery in 2010.
Alam bucks trend Malaysian offshore company Alam Maritim bucks the downturn to post 40% jump in profits.
Hopes fade The worst is feared for nine crew members missing from fire ravaged Formosaproduct Brick.
More plug-ins The Port of Long Beach in the US is expanding its number of cold-ironing capable berths.
BC sinks to loss Canadian ferry group hurt by higher operating and interest costs in first quarter.
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