Dry bulk capacity may reach surplus in H2 Dry bulk shipping capacity may reach a surplus in the second half of 2009, pushing charter rates lower, said the president of Cargill Ocean Transportation, a unit of Cargill Inc.
Idled container vessels seen doubling to 20% The world's shipping lines may double the number of idled container carriers to 20 per cent of the global fleet amid a surge in new vessels and as the recession saps demand, said First Ship Lease Trust's Philip Clausius.
Maersk urges shipping climate deal The head of shipping and oil group A.P. Moller-Maersk called on Tuesday on governments to reach a global climate deal for the shipping industry when they meet on a new climate treaty in December.
Virgin Atlantic reports profit increase The UK carrier Virgin Atlantic has reported a sharp increase in its pre-tax profits from GBP 34.8 million in 2007-2008 to GBP 68.4 million in the last financial year. In the 12 mon...
JAL and Mitsui cooperate Japan Airlines Group (JAL) and Mitsui & Co Ltd (Mitsui) jointly announced a business alliance agreement in the logistics field, with JAL offering its air cargo transport services a...
M&M to build logistics terminal in Casablanca M&M Maroc SA, the Moroccan subsidiary of Militzer & Münch, plans to start construction work on a logistics terminal in Casablanca at the end of this year. The 13,000 sqm facil...
Agility Project Logistics working with Chevron Agility Project Logistics has entered into an agreement with Chevron Australia Pty Ltd (Chevron) for supply base operations and transportation services to support the Gorgon Proje...
Rhenus to open two new locations in Italy Rhenus Logistics SpA, a wholly-owned subsidiary of the Rhenus group, recently officially inaugurated two new branch offices in Italy. Shipments primarily for Germany and Austria, v...
German owners set to ink CSAV rescue deal SHIPOWNERS heading for agreement to prevent stricken line from bankruptcy ahead of Thursday's deadline.
CSAV rescue hangs on cancellation of Samsung Heavy order
South Korea to free Hebei Two soon SOUTH Korean diplomats expect duon would be allowed to head home to India within two weeks.
Asian owners stand firm over seafarers criminalisation THE Asian Shipowners' Forum said it would continue to speak out on the unfair treatment of seafarers.
Cargo rate pressures building FREIGHT rates for breakbulk and heavy-lift cargoes are likely to feel pressure in the next months as project investments fizzle, conference was warned today
Seoul joins ship search treaty SOUTH Korea today signed up to an international treaty that allows it to search and detain ships that might be carrying weapons of mass destruction
Somalia reportedly blocks ports SOMALIA'S interim government is reportedly blockading ports in insurgent-run regions to curb piracy
Pacific Dawn flu spreads RISING numbers of South Pacific passengers with swine flu is causing further headaches for P&O Cruises Australia and health authorities
AT to launch new Med services SPAIN'S ferry operator Acciona Trasmediterranea said today it plans two new services from Tangiers-Med in Morocco to Barcelona and to Sète in southern France
Cruise pricing stablising? CLOSE-IN cruise pricing appears to be stabilising after hitting more new lows this month, Wachovia analyst Tim Conder said today
No let-up in Rule Bs AFTER a brief lull early this month, maritime attachment claims in the Southern District of New York are again being filed at a brisk pace
New regime for port state controls adopted The port state control organisation Paris MOU, which currently includes 27 member states and the EU Commission, has at a meeting in Reykjavik decided on changes in the port state
US Navy in Tallinn Bay The US Navy's combined ro-ro and container vessel USNS 2nd Lt. John P. Bobo arrived in Tallinn Bay last week to take part in an international exercise together with
Seadrill's result improves The international offshore drilling contractor Seadrill, controlled by John Fredriksen, reports a record high EBITDA of USD 347 million in the first quarter of 2009. Consolidated revenues for the first
Swedish unit captured pirates Early this morning, suspected pirates attacked the Greek flagged bulk carrier M/V Antonis in the Gulf of Aden. The pirates fired upon the ship with small arms and rocket
Coast Guard predicts 'equipment failures' from low-sulphur fuel California regulation to begin July 1, shipowners offered guidance on fuel switching safety.
Bunker prices surge in Northern Europe But markets lacked direction in southern ports.
Ferry operator reports hedging losses Attica sees loss of over $6 million from financial derivatives.
Petrobras buys fuel oil cargo Deal comes amid expectations of tighter Asian fuel oil market.
New bunker tanker delivered to Italian owner Turkish yard says there is strong interest from European owners for three identical newbuilds under construction.
WFS 'gaining market share' Bunker sales drop 'only a few percentage points'.
IMO report: SECAs have 'significant impact' Current MARPOL limit estimated to have cut sulphur emissions by 42% in European SECAs.
Singapore bunkers at seven-month high Prices in Asian hub jump by over $12 on bullish trading.
Brightoil to become accredited Singapore supplier Chinese supplier awaiting final stages of approval from MPA for its bunkering license.
Maersk backs bunker levy Group CEO says company supports Danish proposal to introduce a 'climate levy' of as much as $45 pmt on bunker fuel.
World will 'run out' of oil in '20-25 years' Nuclear power will be a 'good substitute', says commodities market player.
Bunker hedges help Norden see profit But profit and revenues still fell on lower TC rates and fewer ship days.
GAC responds to demand for lay-ups Ship owners 'increasingly looking to lay-ups to avoid un-profitable journeys'.
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