Malacca, S'pore straits can handle rise in vessel traffic The critical straits of Malacca and Singapore have sufficient capacity to handle the projected increase in vessel traffic for the next 15-20 years, a study commissioned by the Maritime and Port Authority of Singapore (MPA) has found.
SembMarine completes 2 rigs Sembcorp Marine unit Jurong Shipyard yesterday announced the completion of the two biggest ultra deepwater DP3 semisubmersible drilling rigs it has built to date for major US independent drillng contractor Noble Drilling.
Cosco Pacific Q3 profit drops 49% Cosco Pacific Ltd, Asia's third-largest container-terminal operator, posted a 49 per cent drop in third-quarter profit as the global recession dampened world trade.
Grimaldi Group forecasts pleasing results for 2009 Emanuel Grimaldi, co-managing director of the Naples (Italy)-based Grimaldi Group, recently announced that his group's ebitda will reach EUR 400 million in 2009. The net result is ...
Aramex: Q3 net profit rises 23% to AED 41.7 million Aramex, the Middle East-based global logistics solutions provider, reported a Q3/2009 net profit of AED 41.7 million, an increase of 23%, compared to AED 33.9 million in the corres...
Ryder System reports massive profit drop The USA-based transport and logistics provider Ryder System Inc reported that its Q3/2009 net income fell by 66% to USD 24.0 million, against USD 70.2 million achieved in the ...
DHL Solutions & Innovation presents first plans Deutsche Post DHL presented DHL Solutions & Innovation (DSI), its newly launched business unit at the recent 26th German Logistics Congress in Berlin. As a motor of innovation...
PD Ports and Teesside University welcome first foundation degree students The UK port operator PD Ports and Teesside University (UK) welcomed the first 15 delegates who will study for the newly launched Foundation Degree. The training scheme wa...
Horizon Lines: Q3 volumes down 5.7% The USA-based shipping company Horizon Lines announced its fiscal Q3 results. "During the third quarter, we continued to successfully battle the economic turbulence that gripped ou...
Qatar Airways operates first scheduled service with synthetic fuel The Arabian carrier Qatar Airways recently completed the first commercial passenger flight with an aircraft powered by GtL fuel (gas to liquid). The scheduled Airbus A340-600 fligh...
Brazilian forwarding companies order 100 MAN trucks The first 100 MAN TGS and TGX trucks that will be assembled by MAN Latin America already have owners in Brazil. Julio Simoes, Arcom and Binotto, three of the biggest Brazilian tran...
Panalpina and Atlas Air extend cooperation The global forwarding and logistics group Panalpina, based in Basel (Switzerland), and its long-time airline partner Atlas Air have renewed their cooperation agreement. Within...
Port of Dunkirk phases in new rail track Grand Port maritime de Dunkerque (GPMD), the major seaport in Dunkirk (France), has put its new Saint-Georges rail track into service. The line runs straight from the bulk qua...
Poll shows more crew favour carrying guns ALMOST half of British and Dutch seafarers believe they should be allowed to carry guns in face of pirate threat, a survey by Nautilus reveals.
IMO delegates raise concerns over arming of vessels
Box sector worsens as cash flow dries up LOSSES could be as much as $100,000 a day.
Total defends role in Erika accident GROUP's personnel not guilty of any failures, says chairman Thierry Desmarest.
CMA CGM denies getting offer for Delmas GROUP says it has not received offer from Bollore for its subsidiary.
Florida LNG port approved AN LNG port off Florida has been approved by MarAd Chief David T Matsuda
Arctic Sea nuke scan starts INSPECTORS are testing Arctic Sea, the focus of an international ship hunt, for radioactive and chemical residues, Fairplay was told today
Berlin accused of maritime gap BERLIN'S new conservative-liberal government was already accused today of ignoring maritime concerns
Junk bond trend builds GENERAL Maritime plans to raise $230M from the sale of notes, marking the third maritime junk bond scheme in the past week
GenMar seeks time cover SEVERELY depressed spot rates dragged down General Maritime's quarterly results, as the NYSE-listed tanker company moved to expand its timecharter coverage
W Africa LNG boom seen EQUATORIAL Guinea plans to double its LNG exports within five years, according to an energy ministry spokesman
IEA sees near-term 'gas glut' A GAS GLUT will dominate the LNG sector's near-term shipping future, Didier Houssin, the IEA's energy markets and security chief, has told an energy conference
Photo flood Entries are already pouring in for TradeWinds' Maritime Photographer of the Year contest.
They're cancelled George Economou's DryShips confirms it has struck a deal to cancel deal for two kamsarmax newbuildings.
New for Nikitin High Court hears Sovcomflot had special clauses almost exclusively for charters with Yuri Nikitin's companies.
Campeche bashed ITF releasing report claiming a deadly safety failures and corrupt practices in Mexico's offshore sector.
K-Sea loan woes Shares in tug-and-barge player plunge by 35.1% after warning of potential loan covenant breaches.
Tanker grounds German-controlled tanker quickly re-floated after running aground off Puerto Rico. No signs of pollution.
Back off, comrade Sergei Terekhin told Sovcomflot's deputy manager of fleet operations, 'as a friend' not to ask questions about charters to a Yuri Nikitin-backed company.
Bank loan dearth General Maritime's Peter Georgiopoulos expects limited bank financing to continue next year. Also, company shares plunge following earnings report.
Precious curbed Thai bulker owner still firmly in the black in third quarter, but gains shrink.
House says yes US Congress's lower chamber approves $153m in funds for ice breaker sought by Great Lakes bulker operators.
Pushed back again Sergio Machado-led Transpetro pushes back deadline second time for bidding to provide eight LPG carrier newbuildings.
Dock discussions India's Cochin Shipyard in talks over second drydock at Kerala using IPO cash.
Casualty file Piracy and Cobelfret bulker collision top roundup of marine casualty incidents.
Second for SC Brazil's Santa Catarina state draws second shipyard plan as dizzying race to up country's building capacity continues.
'Brits will burn' Somali pirates threaten lives of two Britons on seized yacht if navies stage rescue bid.
Concordia in red Genmar share sale sees Hans Norin-led Swede forecast $14m annual loss as third-quarter sinks to loss.
Oasis of the Seas handed over On 28 October 2009, STX Europe's Turku shipyard delivered the 225,000 GT Oasis of the Seas to Royal Caribbean International. She is the world's largest cruise vessel and she will
NYK slashes growth ambitions After having announced a USD 320 million loss for the latest six months, Japan's second largest shipowner NYK also reveals a major cut in its fleet growth ambition. According to
Tough times for Tallink despite pay cuts Tallink reports a EUR 8.2 million loss on EUR 792 millions in revenues for the fiscal year 2008/2009. Thanks to increasing passenger volumes, revenues increased however during Q4
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
