Busy first half for pirates in region THE first half of the year was a busy time for pirates in the region, with an apparent shift in focus as incidents declined in Bangladesh, India and Indonesia and rose in the South China Sea and Strait of Malacca as well as ports and anchorages in Vung Tau and Ho Chi Minh City in Vietnam.
$15m TNT upgrade investment pays off INVESTMENTS last year in an expanded country depot and customer contact centre are paying off for TNT Singapore, which has reported a 14 per cent increase in customers.
TNT reports profit plunge in second quarter The Dutch mail and express service provider TNT, based in Amsterdam, again faced a sharp decline in profits in the second quarter of the current year. The profits sank by abou...
Wincanton extends logistics contract with Argos The logistics service provider Wincanton in Great Britain has signed a three-year contract worth GBP 40 million a year with the retail firm Argos. The agreement underscores&nb...
U-Freight Group opens new aviation logistics facility in Singapore In Singapore, the U-Freight Group (UFL) has opened a new logistics facility, which allows appropriate levels of humidity to be maintained during the handling and storage of aircraf...
Institute of Shipping Economics and Logistics reorganises board Germany's Institute of Shipping Economics and Logistics (ISL) reallocated the tasks of its board members with effect from 1 July. Professor Burkhard Lemper took over...
Weber Distribution boosts its transportation team Weber Distribution, a leading US third party logistics and supply chain management provider for 85 years, has hired John Laws as director, transportation and Don Buys as trans...
Frangou 'working on' more deals for Navios NAVIOS boss says companies are well placed to take advantage of upcoming newbuildings.
Kühne withdraws from Hapag-Lloyd talks TEMPERS flare as shareholder Klaus-Michael Kühne refuses to participate in the first stage of a refinancing package.
Exmar revenues hit by charter rates slump LOW charter rates for gas carriers and a heavy dry-docking programme led to a 25% drop in Exmar's operating profits.
Maersk raises Atlantic rates DENMARK'S Maersk Line told Fairplay today it has raised trans-Atlantic rates
Hapag gains €315M injection AILING German box giant Hapag-Lloyd has received a €315M ($444M) cash injection from shareholders
Samsung wins $5Bn FLNG deal SAMSUNG HI of South Korea announced today it has been selected as sole supplier for the Shell FLNG ship programme
ECSA-Europe alliance formed CMA CGM has formed an alliance with Hapag-Lloyd and Hamburg S'd to link the East Coast of South America with northern Europe
Recession, flu hurt RCCL ROYAL Caribbean Cruise Line swung to painful losses in its second quarter, as the recession and the swine flu scare took hold
LNG supplier profits rise SPANISH LNG supplier Gas Natural today claimed a 10.5% increase in net profits for he first half of the year
15 vessels seized Tidewater has lost four more offshore vessels in expropriations by the government of Hugo Chavez, Dean Taylor says.
Superior holds off US oilfield services outfit player defers plans for a well-intervention vessel acquisition as it reports a $68.9m loss.
Cash hunt rolls on Chilean liner operator CSAV schedules shareholders meeting to approve $300m share issue.
Chavez charge Tidewater profits fall by nearly 48% as offshore vessel giant takes $48.6m charge from the seizure of vessels and unpaid bills in Venezuela.
Barger posts loss American Commercial Lines' revenues plunge as revenues plummet in tough barge market.
'That damn flu' Royal Caribbean's shares plunge after cruiseship owner lowers annual guidance and Richard Fain expresses frustration with the cruiseship market.
Fallout limited Capesize bulker crash at Vale terminal is not expected to a significant impact on iron ore exports, analyst says.
Flu fall Richard Fain's Royal Caribbean, which unveiled a second quarter loss today, will take a near $60m hit from swine flu this year.
Fire hits ferry Marine Atlantic-chartered ferry suffers fire in thermal heating unit. No injuries are reported.
Samudera suffers Singapore-listed feedership owner may slash capacity as waning demand drives profit near zero.
Great gets greater Indian owner Great Offshore sees first-quarter profit balloon 85% but warns of waning sales.
d'Amico turns red Italian tanker owner DIS, led by Marco Fiori, sinks to second quarter loss as revenue slumps.
Dry downer Contract renewals and reduced spot earnings cut first quarter profit at Mercator Lines (Singapore).
PSV escapes Rem Provider secures term deal in Egypt from September as spot outlook remains bleak.
Liner losses Sabyasachi Hajara's SCI sees first quarter profit sliced as container shipping unit drops into the red.
Suezmax success Sungdong breaks order draught with another two ship $140m deal with European owner.
Tanker attacked Yemen forces once again rescue tanker attacked by pirates one week after similar incident.
Nigg to scrap? UK demolition company eyes Scottish yard which was recently earmarked as a ferry builder.
Homeward bound John Fredriksen to switch up to 40 ships to the Norwegian registry but will not be moving back himself.
Varun dives Indian tanker and offshore owner sees first-quarter profit shrink on lower revenues and higher interest costs.
Navios boost Navios Maritime Partners reaps the benefits from having full use of its vessels during the last quarter.
TUI pays up German tourism group spends big to bail out Hapag-Lloyd through purchase of terminal stake.
Precious slips Khalid Hashim's Precious Shipping sees bottom line slump as fleet and revenue shrink.
New service CMA CGM, Hapag-Lloyd and Hamburg Sud to launch direct service between the East Coast of South America and North Europe.
Samsung joy Samsung Heavy wins Shell's $50bn offshore LNG facility order generating $50bn over 15 years.
Shenzhen call Japan's Mitsui OSK Lines is starting a direct Shenzhen-to-Japan service through Da Chan Bay terminal.
US bunker operator expands Florida service Barge to offer 380 and 700 centistokes bunker fuel.
Questions raised over particulate matter California study reveals 'weak relationship' between PM emissions and low-sulphur fuels.
European bunker prices sharply down Crude oil values down more than $3 a barrel in early trading on NYMEX.
Cruise operator increases its bunker hedges Royal Caribbean says decision is based on 'the relatively low fuel prices available'.
Energy markets pull back It would benefit bunker consumers to hedge a portion of their fuel needs.
Asian refiner cutting fuel oil exports 'Weak monsoon' has spurred bitumen demand from construction projects.
Crude trades below $64 on US inventory build Government report confirms industry data showing large increase in stocks of crude oil.
Hapag-Lloyd to sell terminal stake in rescue deal German shipping company secures lifeline from shareholders.
Bunker market becomes 'key outlet' for low-sulphur product Fall in demand from European industry sees low-sulphur product diverted into high-sulphur bunker pool.
Oil demand 'could peak by 2015' New report challenges conventional views and predicts a global peak in oil demand 'may be within sight'.
Bunker prices dive on weaker crude Some players report that tight avails are showing signs of easing.
Brightoil secures storage space in Singapore, says report Official tells Bunkerworld he can 'neither confirm nor deny' the report.
Aramco seals tender for 380 cst parcel Oil trader Vitol buys parcel slated for late-August loading from Jubail.
Ghana to spend $700 million on port upgrade Facilities to include oil storage tanks for bunkering and services to support offshore oil production.
Petrobras buys August cargo from ExxonMobil 90,000 mt cargo of 650 cst fuel oil slated for loading from Yanbu.
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