Mid-East rates may drop as Rotterdam oil fills up The cost of shipping Middle East crude may drop as onshore tanks at Rotterdam, Europe's largest refinery centre, fill with oil.
Chinese shipbuilder Rongsheng plans IPO Privately-held Chinese shipbuilder Jiangsu Rongsheng Heavy Industries Co Ltd is aiming for an initial public offering possibly in Hong Kong this year, its president said yesterday.
TNT to acquire Brazilian delivery partner Expresso Araçatuba The Dutch service provider TNT is to acquire Expresso Araçatuba Transportes e Logística, a key delivery partner of TNT Merc'rio in Brazil's Central West and North regions since 200...
Karl Dischinger receives licence to pack foodstuffs Karl Dischinger, a specialised forwarding company based in Ehrenkirchen-Kirchhofen near Freiburg im Breisgau (Germany), has taken a major step towards assuring quality in the foods...
Con-way reports loss in Q1/2009 The US-based freight forwarding group Con-way reported that revenue in Q1/2009 was USD 962.9 million, down 19.9% from USD 1.2 billion in last year's first quarter. Q1/2009 resulted...
DHL opens new gateway in Taipei The German service provider DHL recently inaugurated its new TWD 210 million Taipei Gateway located at the Farglory free trade zone at Taoyuan international airport (Taiwan. Shipme...
Ceva Logistics to manage European warehouse for Dr Scholl's shoes Ceva Logistics has extended its partnership with SSL, a consumer brand company managing the leading global brands Durex and Scholl plus a diverse portfolio of locally owned brands....
ECT best container terminal in Europe For the fourth time in a row, the readers of an Asia trade magazine have chosen the Dutch facility ECT as the best container terminal in Europe. This confirms the leading role...
Hamburg welcomes the CMA CGM Andromeda - its biggest containership caller ever On 20 April 2009 the new flagship of the French shipping company CMA CGM docked at the port of Hamburg. With a slot capacity of 11,356 teu and 800 reefer plugs, the CMA CGM Androme...
Höegh Autoliners adds New York as port of loading Höegh Autoliners (Oslo), a private Norwegian shipping company jointly owned by Leif H'egh & Co (62.5%) and A.P. Moller-Maersk A/S (37.5% per cent), has announced that, in addi...
Hamburg Süd's results are positive thanks to bulker business Dr Ottmar Gast, the chairman of the German shipping company Hamburg S'd, told the press at its annual press conference in Hamburg that his company had a relatively good year i...
Danaos chief detects first signs that worst is over for box trades PIRAEUS-based containership owner believes worst of the container shipping crisis may have passed.
Shippers go on alert for box line bankruptcies
Irish Continental shares slide as Moonduster scraps bid MOONDUSTER and any parties acting in concert with it will not be proceeding with an offer for ICG.
Another shipping bubble rising? SHIPPING will remain highly cyclical despite of lessons from the global recession, a Lloyd's Register-Fairplay manager has warned ' which could mean a new bubble
Breaking watchdog gets green prize A LAWYER has won an environmental award for promoting a ban on Western nations from depositing ships laden with hazardous waste in Bangladesh
Oakland offers discounts, too OAKLAND, California's third-biggest box port, is matching Long Beach and Los Angeles with incentives and discounts, with the aim of keeping customers and maintaining throughput
Investors pummel Seaspan stock SHARES of box shipowner Seaspan have plummeted since the company announced that dividends would be slashed and newbuildings delayed
US maritime appointments needed THE NEED for the White House to make key maritime appointments became more critical today with the announced departure of another member of the Federal Maritime Commission
Fortescue volume and profits fall PILBARA floods and changed mining techniques harmed third-quarter production for Fortescue Metals, according to figures released today
Asian coal falls predicted DEMAND for thermal coal imports from key Asian buyers will fall this year as industrial output slows, a sector analysis has predicted
Casualty File WebTV roundup offers dramatic footage of rescue from Chinese junk after collision with chemical tanker.
Bottom sighted Danaos CEO says the containership market stopped spiralling downward and began an upturn in the first quarter.
Ro-ro escapes The Italian Jolly Smeraldo was no so happy while under pirate attack, as the IBF expands "high risk" area.
Revenues slump Michael Ryan-led American Commercial Lines suffers $5.46m loss in the first quarter as revenues plunged.
ISC revs up US shipowner reports 54% leap in first-quarter revenue as profits nearly double, but board vote marred by concerns over independence.
'09 outlook cut Steel demand's slow return leads Jefferies analyst to slash rate projections by 40%.
Cecon bags loan Vote by Norway subsea player's bondholders allows the company to draw on $200m in financing from Export Development Canada for Davie newbuildings.
Swine flu halt Royal Caribbean and Carnival Corp halt all sailings to Mexico in wider response to swine flu.
Reflection time Delegates relax by the Huangpu River at the end of TradeWinds Shipping Energy 2009.
Calmer seas? Dino Caroussis in hopeful mood as massive refinancing of UK Club boosts reserves.
Hammer time Odfjell's COO Jan Hammer to take temporary charge as incoming CEO Haakon Ringdal takes sick leave.
A green agenda DNV boss says a new green awareness is sweeping through China
Belships cut Norwegian bulker player's first quarter net result still positive, but down from 2008.
Okean on slide Wadan Yards' Ukraine plant sees losses widen in 2008 as revenues slump 42%.
Darwin's Rule Shanghai shipping boss says the market is all about the 'survival of the fittest'.
ICG deal dead Moonduster pulls interest in Irish Ferries owner citing credit crunch and poor markets.
ESL shake-up Top dog at Emirates Shipping Line has handed over the reins to counterpart at Taiwanese-owned TS Lines.
Axed rig on block SembCorp quashes PetroMena's rig newbuilding contract and advertises finished unit to the market.
Eitzen axes again Oslo owner rids itself of last newbuildings, cutting its capital expenditure program to zero.
Fesco gets Sly Sylvester Stallone boards captive Russian cargoship and shoots all the pirates ' in new Hollywood blockbuster.
Nothing doing Fred Olsen Production says no new FPSO contracts were awarded worldwide in first quarter as its losses widen.
Russia nabs 29 Talks on over what to do with suspected attackers of Sovcomflot tanker off Somalia.
EMS slips Drop in profit despite soaring sales sends shares in Annette Malm Justad-led Eitzen Maritime Services down.
Tragic risk UK accident report finds danger of deck repairs in typhoon underestimated as chief engineer killed by wave on Maersk Kithira.
Chowgule strong Indian bulker owner increases operating profit in year to 31 March, despite slump in autumn.
Maintain course Shipowner's boss says the industry has not lost sight of green issues amid the crisis.
SEK 40 million loss for SRAB Stockholm-based owner SRAB reports a SEK 40 million loss in the first quarter. Net revenues increased from SEK 18 million in Q1 2008 to SEK 22.2 million. The
Concordia close to zero G'teborg-based tanker owner Concordia Maritime reports a SEK 400,000 profit for the first quarter this year, after writing down of the company's USD 3.6 million holding in Weavering
Nine suspected pirates released Nine suspected pirates were apprehended by the EU Navfor Spanish warship Numancia 200 nautical miles north of the Seychelles in the Indian Ocean shortly after the attack on the cruise
Brand new car carrier lost in China The brand new car carrier Dyvi Pacific has been declared a total loss only a few weeks before its delivery from the Chinese shipbuilder Samjin Shipbuilding Industries Co at Weihai
Novoship tanker NS Commander in pirate attack During the afternoon of 27 April, pirates attacked Novoship's Aframax tanker NS Commander 300 nautical miles from the coast in the Gulf of Aden while the vessel was en route
Smyril Line expects profit in 2009 Smyril Line P/F expects to generate a profit of DKK 13 million this year. Last year, the company posted a loss of DKK 207 million after substantial depreciation in
Five newbuildings to Laurin Laurin, through its company Anglo-Atlantic Steaamship Company, has taken over three newbuildings from Eitzen Chemical. The three newbuildings at Trogis Shipyard in Craoaia are sister vessels of two vessels
Northern European bunker prices firming But price movements in Southern Europe are more sluggish.
'Resilient' crude may ignore US inventory build Crude oil holding around $50 despite US inventories rising to 19-year high.
Shipping companies still paying for Aleutian bunker spill Alaska's attorney general warns shipping companies of the 'tremendous costs' arising from marine casualties.
Blending system claims $6-10 pmt savings Fuel oil blender and viscosity system cut costs in Namibian port, says Jiskoot.
Singapore bunker prices bounce back Mixed picture in other Asia ports.
China's bunker market has 'huge potential' Guangdong Province to fuel growth that could see China's bonded bunker sales reach 20 million mt.
China fuel oil imports up in April Traders stockpiling products ahead of China lifting geographic restrictions on bonded bunker market.
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