DCNS' ambitions take wing FRENCH naval defence systems provider DCNS is building on its successful partnership with the Republic of Singapore Navy (RSN), Defence Science and Technology Agency (DSTA) and ST Marine in the Formidable-class frigate programme to take its ambitions in the region forward.
Navigating through global downturn IN recent years, shipping's sphere of influence has been moving inexorably eastwards. Asia has become the dominant force in world seaborne trade, affecting both imports and exports, and Asian interests now control more than half of the global merchant fleet.
Rig count to bottom out by Q2: report Oil and natural gas rigs operating in the United States, which dropped to a five-year low of 1,085 last week, could bottom out at 800 to 1,000 as soon as the second quarter, according to a Pritchard Capital Partners report on Monday.
Strait Talk
Silver lining for marine insurers I AM writing this from a hotel room overlooking the very busy Middle Eastern bunkering anchorage at Fujairah, United Arab Emirates. A well-informed source tells me that there has been no let-up in the number of ship calls and that a 12-day maximum stay period has been imposed. The restriction is designed to stop owners using the anchorage to lay up their ships.
DCNS' ambitions take wing FRENCH naval defence systems provider DCNS is building on its successful partnership with the Republic of Singapore Navy (RSN), Defence Science and Technology Agency (DSTA) and ST Marine in the Formidable-class frigate programme to take its ambitions in the region forward.
Navigating through global downturn IN recent years, shipping's sphere of influence has been moving inexorably eastwards. Asia has become the dominant force in world seaborne trade, affecting both imports and exports, and Asian interests now control more than half of the global merchant fleet.
Rig count to bottom out by Q2: report Oil and natural gas rigs operating in the United States, which dropped to a five-year low of 1,085 last week, could bottom out at 800 to 1,000 as soon as the second quarter, according to a Pritchard Capital Partners report on Monday.
Strait Talk
Silver lining for marine insurers I AM writing this from a hotel room overlooking the very busy Middle Eastern bunkering anchorage at Fujairah, United Arab Emirates. A well-informed source tells me that there has been no let-up in the number of ship calls and that a 12-day maximum stay period has been imposed. The restriction is designed to stop owners using the anchorage to lay up their ships.
Dnata Cargo went all chocolaty for Mother's Day Mothers in the UAE were able to celebrate their recent special day with more chocolate than ever before after Dnata Cargo handled its largest single shipment of the sweet trea...
RS Components renews DB Schenker contract for a further 12 months RS Components has reinforced its working relationship with DB Schenker, a provider of European land distribution services across eight countries, by renewing its contract with them...
Ceva Logistics: more turnover, less profit in 2008 The Dutch service provider Ceva Logistics reported a net loss of EUR 125 million in 2008, compared to a net loss of EUR 196 million in 2007, and consolidated revenues of EUR 6...
FedEx with heavy drop in Q3 profit The US CEP and logistics giant FedEx Corp reported a profit of USD 97 million for Q3, ending on 28 February. This is a major fall of 75%, compared to the same period last year. Rev...
Grendi adds third ro-ro vessel to Sardinia trade lane The Italian shipping company Grendi Trasporti Marittimi, based in Genoa, has purchased a third ro-ro ship to strengthen its links from the port of Genoa (Italy) to Caglia...
Ship-breaking on tidal beaches is illegal The International Ship Recycling Association (ISRA) is quite clear; Bangladeshi ship breakers who are using tidal beaches are, as ISRA understands the court decision, illegal. The ...
CKYH rationalising services The CKYH alliance, comprising Coscon, "K"Line, Yang Ming and Hanjin Shipping, is rationalising its Far East' US east coast services, effective April 2009. The CKYH alliance believe...
Thomann nominated for this year's Swiss fairness prize Luzi Thomann's commercial vehicle company has been nominated for the highest award for fairness in Swiss industry. The public are able to join in by voting on-line, according to a ...
MOL car carrier "Jasmine Ace" escapes pirate attack off Somalia The Tokyo-based shipping line MOL reported that its car carrier "Jasmine Ace" was fired on by pirates in two high-speed boats about 480 miles (about 900 km) east of Somalia on...
Finnair strengthens network Finland's national airline Finnair will add three weekly flights on its Helsinki-Tokyo service during the peak summer season from 13 June to 30 September. Finnair currently operate...
Qatar Airways expands route network The Middle East-based carrier Qatar Airways is expanding its route network from its Doha hub (Qatar) and will offer a new daily non-stop service to Houston TX (USA), from 30 March....
Air Berlin offers new services from Dusseldorf Dusseldorf airport is starting its summer season on 29 March with new airlines (such as Aerosvit, Orenair and Icelandair) and new destinations (Bari, Edinburgh, Reykjavik, Venice a...
Fly Thai to Frankfurt in an A380 Thailand's flag carrier Thai Airways initially wants to deploy its gigantic Airbus A380 on the Bangkok-Frankfurt/ Main route. The new widebody aircraft will be put into service in ...
Lufthansa with drastic profit reduction The German national airline Lufthansa reported group profits of EUR 599 million in 2008. This was a plunge of 63.8% down from the EUR 1.655 billion generated in...
J Lauritzen profits halve DANISH shipping group profits more than halve to $154.7m in 2008 after achieving a record result of $347.1m in 2007.
J. Lauritzen: big orderbook no problem
French port director quits over union deal NANTES-Saint Nazaire port chief, Fran'ois Marendet, told agreement ran counter to provisions of port reform laws.
Lloyd's marine sector premiums hit £1.3bn BUSINESS rises by 9% but report stresses collapse of ship values will result in price renegotiations.
Hapag investors expected to cut GERMAN container line Hapag-Lloyd will be under pressure to reduce costs and capacity from its new shareholders as a consequence the sale of a majority stake to the Hamburg 'Albert Ballin' consortium
O brave new worlds for shipping! ACADEMICS today predicted several potential 'worlds' for shipping as it struggles to recover from the recession
Not done growing In WebTV interview, V.Ships president Roberto Giorgi suggests thirst for growth not quenched.
Tough time seen Number of VLCCs fixed in March in lowest in recent history, broker Basil Mavroleon tells TradeWinds WebTV.
West Africa too Pirate worries in the Gulf of Aden gets the spotlight, but Intertanko chief says the Gulf of Guinea may even be worse.
Chemical bottom? Chembulk's Jack Noonan says chemical tanker market has flattened out and may be "bottoming out".
TGP to issue stock Teekay LNG spin-off Teekay LNG Partners has announced plans for 4m share issue.
Not persuaded! KPMG role under fire as Armada's efforts to win creditor support for scheme of arrangement fails to convince Transfield.
Lauritzen lower "Considerably lower" profit expected at Torben Janholt-led J Lauritzen this year after weaker 2008.
Aries sees red A write-down due to the falling value of its containership fleet stretches fourth quarter loss at Nasdaq-listed shipowner.
Lloyd's fraud fear Marine insurance market turns in strong performance but warns 'collapse' in ship values may lead to scams.
Rescue round two John Fredriksen ready to dip into his pockets for a second time in possible $100m share issue, Golden Ocean says.
FOP scraps FPSO Knock Taggart sent to breaker's yard booking Fred Olsen Production a $1m gain.
Carnival cuts Micky Arison-led cruise giant braced for lower-than-expected annual profit but first quarter strong.
FreeSeas waived Two banks to ignore any covenants breach by Ion Varouxakis-led shipowner this year as it refinances separate facility used for handy purchase.
Marfin yard bid? Greek investment group reported to be teaming up with French partner to launch Hellenic Shipyards takeover offer.
Second strike Ferry hits quay at Koparneset, Norway - owner Tide Sjo's second accident in two weeks.
Ningbo rises Chinese bulker owner sees 2008 profit rise 75% as domestic volumes increase.
Bakosch back Former Scandlines chief returns to Baltic shipping as CEO of ro-ro owner Finnlines.
Dry debut looms The vessel formerly known as the Exxon Valdez will enter the weakened dry-cargo market within a month after ore carrier conversion is complete, says its new captain.
Deal crunched D'Amico International accepts cut price offer for two product tankers after credit crunch threatened sale.
Scrapping saved? Bangladeshi breakers win three-week stay of execution in row over environmental clearance.
Help at hand Mystery Malaysian investor pens preliminary takeover deal with struggling shipbuilder C&Heavy Industries.
Spill in New York Flyover set for Tuesday as small amount of fuel oil spills during bunkering of Italian ship.
Hebridean sells UK cruise operator quits international market and halves fleet in tough market.
Tembek tumult Some residents near UK's South Hook terminal kick up a stink about noise from LNG ship.
Communards cash Ukraine allocates money to shipyard to pay off wage arrears, but assets may be sold in return.
Ro-ro bond bid Finnlines to issue EUR 21m hybrid bond to major shareholders with rights issue set for May.
Cargoship saved Multraship tug tows Dutch vessel to safety off Netherlands after its cargo shifted in heavy seas.
All at sea MSC Fantasia to accommodate Barack Obama and rest of G8 leaders at 2009 summit.
Aussies hold 27 Swire, STX Pan Ocean and D'Amico among ships detained by Australians due to PSC failings.
Not our fault Former Chantiers chief Patrick Boissier denies responsibility for QM2 gangway collapse that killed 16.
Stocks rally US listed shipping firms ride the Wall Street rally, despite the recent fall in dry and wet freight rates.
New CEO for Finnlines Mr. Christer Antson has resigned as Finnlines Plc's President and CEO. Mr. Uwe Bakosch has been appointed as the new President and CEO for Finnlines Plc. He is at present
Norwegian offshore cancellations Siem Offshore has cancelled two out of ten newbuildings at Kleven Maritime. The yard has been experiencing problems with subcontractors. The two anchor handlers were supposed to have been delivered
Baltic Pilot takes on redundant Finnish pilots Privately owned Baltic Pilot will offer state employed Finnish pilots employment. The offer is valid for the period the pilots are made redundant and on condition that they are allowed
Reprieve for Bangladeshi shipbreakers The Supreme Court in Bangladesh has given the Bangladeshi shipbreaking industry a grace period by overturning a verdict in a lower court that scrap yards would be ordered to close
Bimco wants CO2 tax Philip Embiricos, Bimco president, prefers a CO2 tax to a carbon trading system, he told the Connecticut Maritime Association, according to Fairplay. A trading system would be difficult to allocate
Sale of Hapag-Lloyd concluded The German consortium Albert Ballin Holding GmbH & Co. KG's purchase of the German container shipping operator Hapag-Lloyd is now officially completed. The consortium agreed to pay EUR 4.45
Prestige trio to be tried in Spanish court A Spanish judge has decided to go ahead with the prosecution of the master, first officer and chief engineer of the tanker Prestige, which sank in November 2002 and caused
MOL ship in piracy attack The Japanese shipping company MOL's ((Mitsui O.S.K. Lines, Ltd) car carrier Jasmine Ace was fired on by pirates in two high-speed boats about 900 km east of Somalia on
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