Baltic Dry Index drops close to 2-week low The Baltic Dry Index, a measure of shipping costs for commodities, fell to its lowest level in almost two weeks in London on speculation that demand is weakening.
VLCCs shrink to 30: ICAP Shipping The number of supertankers being used to store crude and oil products shrank by about a third since March, according to ICAP Shipping, a unit of ICAP plc, the world's biggest broker of deals between banks.
Aircraft carrying weapons impounded in Nigeria A Ukrainian company's cargo aircraft has been impounded by the Nigerian authorities for carrying weapons. A Meridian An-12 en route to Equatorial Guinea from Croatia made what was ...
DHL investing in Vietnam DHL is investing USD 10 million over the next five years in DHL Global Forwarding (Vietnam), a new joint venture with its local Vietnamese partners, including Oriental Logistics. T...
Schenker runs solar inverter warehouse for SMA Schenker Deutschland started running a warehouse for SMA Solar Technology in Kaufungen (Germany) recently, from where it supplies the largest solar inverter production plant worldw...
Geodis Logistics expanding in Germany Geodis Logistics Deutschland is growing and expanding its warehousing capacities in Rodgau near Frankfurt from 10,000 to 17,000 sqm, with parts thereof already pencilled in for new...
Boeing postpones B787 Dreamliner maiden flight US aircraft manufacturer Boeing has postponed the first flight of the B787 Dreamliner, due to the need to reinforce an area in the side-of-body section of the aircraft. A new date ...
CargoSmart introduces 10+2 importer security filing solution CargoSmart Limited, a leading shipping and logistics software solutions provider, has launched an Importer Security Filing (ISF) solution. It lets importers and logistics service p...
15th Annual Cargo Facts Aircraft Symposium set for 15-17 September Cargo Facts 2009, the 15th Annual Aircraft Symposium, sponsored in part by Boeing and Airbus, will take place at the Seattle Sheraton Hotel in the heart of downtown Seattle WA (USA...
Box lines staring at $50bn revenue collapse Shipping analyst Alphaliner puts the anticipated drop in revenue from 2008 levels at $40bn-50bn.
Platou and Fulford-Smith plot Greek office GREECE has emerged as the next port of call for Norwegian shipbroker RS Platou and its new London-based partner Richard Fulford-Smith.
Financial backers desert US satellite tracking specialist SARS CLARENCE Group, understood to be a vehicle for a small number of financial backers, has foreclosed on US satellite tracking specialist SARS.
China finds massive iron ore deposit A new iron ore deposit estimated to amount to more than 3Bn tonnes has been discovered in China's north-eastern Liaoning province
Chiquita assures on service CHIQUITA is seeking to alleviate growing market fears that Great White Fleet operations will be impaired by Eastwind's Chapter 7 liquidation
HSH 'not open for new business' LEADING lender HSH Nordbank will not have capacity for new shipping business this year and has predicted both more capacity and more "problem situations" in 2010
FESCO faces drops, analysis says RUSSIAN fleet operator FESCO is facing a 35% drop in revenues this year, according to a report released today
China to convert naval port BEIJING is following up its trade initiative with Taiwan with a plan to convert part of naval facilities in the western Taiwan Strait to commercial use
GrandUnion eyes Aries takeover PRODUCT tanker and box shipowner Aries Maritime Transport is considering a deal that would transfer control to Greece's GrandUnion
Chemoil shares sale confirmed CHEMOIL Energy confirmed today that the family of founder Robert Chandran is discussing a proposal to sell its 51% shareholding in the bunker fuel supplier
Tanker takeover Cash rich Gulf Nav close to buying large tanker fleet from rival.
KG crunch Konig & Cie boss says company shifts debt payback strategy after banks clamp down on credit lines for paid-off vessels and describes liner sector as "close to bankruptcy."
Trico shares soar Nasdaq-listed shares in offshore vessel owner Trico Marine Services jump by 16.8%.
TEN to the rescue Products tanker Andes saves seven fishermen after their fishing boat sank off South America.
Bulker build-up? ACM Shipping still "keeping an open mind" on entry to dry cargo market, says CEO Johnny Plumbe.
Still buying Maersk Mc-Kinney Moller doubles ship agency business with purchase of former Brostrom companies.
Navieras vies Controlling stockholder in Chile's CCNI competes to operate new container terminal in Mexico's port of Manzanillo.
Sale signs The S&P market is winning back some colour with Chinese and Greek leading the way, broker says.
Demand slump Lower Lakes keeps utilisation high as demand suffers, as parent Rand Logistics reports lower net losses.
Port problem Developer Lanco reportedly walks out on project to expand Vizhinjam container terminal in India.
Power cut Wartsila chops 77 staff at its Ship Power unit in Finland as it presses on with EUR 30m cost cutting drive.
Ground work Piracy set to continue off Somalia until 'fractured' country stabilised, says EU naval operations chief.
Third swoop Stamford Drilling takes holding in Norway's Cecon to over 20% less than two weeks after taking a stake in the company.
Delta delivery African Circle Limited acquires three new pollution response ships for Nigerian coast.
Commercial sense EU anti-piracy operation includes commercial shipping personnel to act as conduits for information.
Deal reached Ports of Auckland agrees collective employment terms with 300 workers after nearly three years.
Hedge pledge ACM's Johnny Plumbe embraces derivatives but admits worries about the market some years ago.
Guns no good Wilhelmsen won't be taking armed guards onboard its ships but the debate will rumble on.
Debt promise Andree Goedee's Dockwise to cut nearly $60m from its debt mountain during the second quarter.
Waving goodbye Danish wind and wave farm installation vessel owner A2Sea sold by Clipper and other investors to DONG Energy.
Sveaas defeated Norwegian investor comes up short in Trico election, losing out to chairman Joseph Compofelice.
Heat death? Family claims Hindustan Shipyard worker died from sunstroke as heatwave hits India.
Chiquita OK Food company says its services will be unaffected by Eastwind Maritime's bankruptcy filing.
Pay back time Seized reefer to be sold in Romania with abandoned Eastern European crew awaiting pay.
'Time please' Nexus Floating Production again approached bond holders to waive interest payments on $175m loan.
Marad to sell US maritime administration will repossess and offload two ships owned by failed Hawaii Superferry.
Tug boarded Armed robbers in daylight raid on Singapore-registered vessel off Nipa Transit Anchorage.
Barge bashed Austrian inland vessel has run-in with bridge in Netherlands which destroyed wheelhouse.
Not enough Analyst Drewry warns of long-term capacity glut because owners have cancelled too few ships.
More for Marsh Braemar boss pocketed a bigger salary last year as he and his fellow directors benefitted from record profit haul.
Up for sale? Shares in bunker outfit Chemoil jump 15% after company says major shareholder may offload stake.
Xiamen's woes China's seventh largest container port expects to see 'substantial decline" in 2009 interim profits.
Box cells are go New Zealand okays controversial scheme to let prisoners build their own jails from shipping containers.
Alaskan order US yard ASD to build new ferry to link Ketchikan to Alaska's international airport.
Not so Golden John Fredriksen's bulker arm looks to have made a heavy loss on sale of its stake in Navios Maritime Holdings.
Maersk Group cuts down on ship investments The A P Møller-Mærsk Group will downsize its investments in ships in the future. Instead, the company will take more ships on time charter when it is necessary to
Minor impact of ship waste water According to a survey carried out by VTT Technical Research Centre of Finland, ship waste water discharges have only a minor impact on the state of the Baltic Sea. Totally
Political opening on termination of Danish icebreaker service The termination of the public icebreaker service in Danish waters is getting closer. The new political agreement on the Ministry of Defence budget contains a memorandum saying that the icebreaker
Eastwind files for bankruptcy The troubled New York-based shipping company Eastwind Maritime Inc. has filed a voluntary Chapter 7 petition for liquidation of the company and most of its subsidiaries in the US
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