USA: 107,000 freight wagons in storage Amid a deepening slump in freight traffic caused by the global economic slowdown, the USA's three largest railroads have put 107,000 freight wagons into storage. This is 17% of the...
BNSF investing USD 2.7 billion The US rail operator BNSF Railway Company (BNSF) announced a planned 2009 capital commitment programme of USD 2.7 billion, which is expected to be approximately USD 150 million low...
Malev in Russian hands The loss-making Hungarian airline Malev has been taken over by the Russian state bank Vnesheconombank. The deal should be completed within the next week. A strategic partnership wi...
Hedging losses Many airlines signed purchase agreements for kerosene last year at a price which is well below today's market price. The losses go into millions of US dollars. The International Ai...
Kenya Airways gets new B737-800 The Kenyan flag carrier recently took delivery of a brand new B737-800. The airline leased the new Boeing from ILFC and is due to receive another similar type aircraft in February ...
Anti-pirate corridor moved PIRATES will have to work harder to reach ships transiting the Gulf of Aden through a new corridor farther from Yemen, military authorities have told Fairplay
OPEC halts oil price slide OPEC'S producers have managed to halt the oil price slide and keep it hovering between $35-45 per after cumulative cuts of more than 3M bpd in recent months
Cyclone threatens western Oz ports PORTS ON the northwestern coast of Western Australian are on high alert late today as Tropical Cyclone Dominic bears down
Pirates reportedly kill captain A GREEK ship captain has been reportedly shot dead by pirates off the coast of Cameroon
Gold Star Line FAIRPLAY 24 reported on 23 January that Singapore's Supreme Court had confirmed the arrest of three vessels over crew and fee disputes
Gdansk yard might make Gdynia bid THE HEAD of the Gdansk repair shipyard said today it might bid to buy at least part of its neighbour, the troubled Gdynia yard
SCI posts 4.9% higher profits SHIPPING Corp of India has posted a 4.9% increase in net profits for last year's fourth quarter, the company told the Bombay Stock Exchange
10+2 rule goes into effect as planned Importer security filing rule takes effect despite White House order that held back implementation of proposed Bush administration regulations.
No new talks slated in Vancouver negotiations
Mexico delays development process for Punta Colonet
Fund cuts back OppenheimerFunds pulls out of Eagle Bulk and slashes holding in Capital Product Partners.
Cape handed back Charterer redelivers Star Bulk Carriers' Star Sigma early, but paying all but operating costs boosts owner's finances.
Stealth sale axed Harry Vafias-led StealthGas to "pursue legal remedies" after Nigerian "buyer" of ship fails to pay deposit.
Aas in top SFI job Ship Finance International promotes former banking heavyweight Hans Petter Aas to chairman as Craig Stevenson steps down.
Marad scraps 3 US Maritime Administration shells out $1.9m to scrap three reserve fleet cargoships.
Release confirmed Industrial Shipping Enterprises CEO says the Biscaglia is bound for a safe port after nearly two months in pirate hands.
Jobs to go UK to Europe ro-ro player Norfolkline will lay off workers as it cut sailings in response to downturn.
Fredriksen re-ups Seadrill cancels forward contracts for stake in US driller Pride International but signs new ones.
BW buys and sells Norwegian LNG, LPG player's balance-sheet boosting continues with transfer of four vessels from parent and offer of new shares to minority investors.
Not tested Gangway brackets' load-bearing capacity not known before fatal collapse at Minaminippon Shipbuilding in Japan.
Ship adrift Portuguese cargoship in danger of sinking off Spain, after one crew dies and five others airlifted to hospital.
Hanjin deaths Two more workers killed in accidents at controversial Philippines yard, including first Korean to lose his life.
DP freezes Dubai ports group reviews expansion plans and puts a block on hiring as growth slows.
Scrapping again Bulker owners sent 11 ships to the breakers last week, as scrap prices dipped.
Unifeeder hungry Danish short-sea player adds new routes to St Petersburg, Russia, and Tallinn, Estonia.
DP up again Dubai ports giant posts 15% rise in container volumes at consolidated terminals for 2008.
Ferry blaze Passengers evacuated from BC Ferries' Queen of Vancouver after vehicle catches fire just before Tsawwassen sailing.
Atlas seeks cover Bankrupt Danish bulker operator Atlas Shipping goes to New York for protection.
Goldenport delays Paris Dragnis-led owner puts back delivery of supramax quartet from Cosco Zhoushan "at no additional cost".
Hot Express Estonian cargoship Cool Express suffers fire off Norway, with two crew hospitalised after inhaling smoke.
Armorique delivered STX Europe's Helsinki shipyard delivered the car- and passenger ferry Armorique to Brittany Ferries on January 26. The vessel is worth approximately EUR 110 million and has been designed specifically for operations on the route between Plymouth and Roscoff. The ...
More piracy attacks off Nigeria Piracy activities are on the rise off Nigeria and last week at least four attacks were reported from Nigerian waters. Last Friday, a supply vessel was attacked off the Bonny offshore terminal. There were no injuries, but the pirates stole ...
Norway eases tonnage tax rules The Norwegian government has announced changes in the much debated retroactive tax requirement in the new tonnage tax system. According to the earlier decision, shipowners are required to pay ten years of back taxes. 2/3 of this is to ...
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