Baltic Dry Index posts steepest fall in 10 months The Baltic Dry Index, a measure of shipping costs for commodities, posted its biggest monthly drop since October on plunging rentals for iron-ore carriers.
Australia says it did not downplay oil spill size Australia denied claims last Saturday that it had downplayed the scale of a massive oil spill at a drilling rig off its northwest coast, and said the slick was dispersing naturally.
SDV International Logistics opens branch in India The French logistics company SDV international Logistics has further extended its activities in Asia by opening a new branch office in Goa (India).
Redhead delivers unusual consignment in Ireland Redhead International's Northern Ireland depot has delivered one of the most unusual consignments in its 20 years in business. Three Portland stone fireplaces worth more than GBP 2...
K+N inaugurates Sochi facility The global logistics provider Kuehne + Nagel, based in Switzerland, has opened a new facility in Sochi (Russia). The site will be directly involved in providing logistics and trans...
Frontline's profits tumble, but beat analysts' projections WEAKER spot market for crude oil tankers sent Frontline's second quarter net profit tumbling by 91%, to $27.8m.
Frontline to wallow at break-even until 2011
US Environmental Protection Agency's response to scrapping row AGENCY says it does not have a good case to detain ships at the centre of a toxic-ship scrapping furore.
Concerns loom on US ECA THE ENVIRONMENTAL Protection Agency today issued its proposed rule to control emissions off US shores, raising new questions on the potential use of scrubbers
Concordia sells GenMar shares CONCORDIA Maritime said today it has sold its 1.5M shares of General Maritime, citing its pessimistic outlook on the tanker trade
Piraeus perks up PIRAEUS Port Authority has announced a 32% increase in profits for the first half of 2009
Arctic Sea 'hijackers' blame captain THE EIGHT men accused of hijacking the cargo ship Arctic Sea pleaded not guilty today and blamed the captain for detaining them
Frontline sanguine on results FRONTLINE today reported lower second quarter income than the same period last year, but did better than expected, the company told Fairplay today
Maruba eyes up rate increases ARGENTINE carrier Maruba has joined the new joint service linking the East Coast of South America and Northern Europe
Teesport imports more tea THE UK'S PD Ports has signed a contract to handle more than 1,000 containers of tea and coffee imports annually
Emission and congestion reductions hinge on intermodal efficiencies Alien analysts landing their spacecraft today on any one of the world's major container terminals would no doubt conclude in their report that harbour facilities are adequate to cope with the earth's supply chain; and with some to spare.
Sharaf points to strength of DP World's business model
Still challenging Exmar sees no substantial improvement in the difficult LPG carrier spot market until the end of the year.
Suez sinking Without cargo, tanker Elli sinks near the southern entrance of the Suez Canal.
Axes sharpened Cancellation of tanker newbuildings to accelerate in the second half while China can ride to the rescue on the demand front, Frontline's Jensen says.
Offer pushed back Overseas Shipholding Group says tender offer for remainder of OSG America will take place in September.
More bids Eight-unit floater tender for Petrobras draws seven competitors, including bids from South Korea's STX, Daewoo and Odebrecht.
Salvador spill Chilean-controlled products tanker suffers spill at Petrobras terminal.
Carmen gets busy Laid-up BW Offshore FPSO lands work with Shell in the North Sea.
'Master seized us' Eight 'ecologists' held against their will by Arctic Sea captain after sailing from Estonia, Moscow court told.
Pain for Lasco Large drop in net profit at Latvian tanker owner which spies recovery and sticks to fleet renewal plans.
Imarex CFO quits Change in job spec and not cost cuts behind departure of Arild Jaeger at Herman Michelet-led Imarex.
Bets topped John Fredriksen controlled Frontline demolishes analysts' forecasts in Q2.
It's quotes time Evangelos Pistiolis is put under the spot light and Victor Matveev goes AWOL for longer than the Arctic Sea.
Sale sting Hans Noren's Concordia braces for red ink in 2009 after offloading its General Maritime shares.
Lee grabs four Lionel Lee's Ezra Holdings takes over management of fund-owned AHTS newbuildings and will have a 50% share of the ships' profit.
ICG profit dives Slumping passenger, vehicle and cargo numbers send first-half profit down at Irish Ferries owner.
$52m for Solstad Norwegian owner pens long term charter deals for three vessels.
Quartet delayed OOIL holds up four more newbuildings at Hudong-Zhonghua by a total of six years.
Forex hurts ITC Foreign exchange movements send profit down slightly at Frontline-controlled Independent Tankers.
New5 in numb3rs Nobu Su closes in on Metrostar VLCC at Hyundai Heavy, while Shanghai start-up gobbles up cancelled Fredriksen newbuildings.
Spot of bother Golar LNG hit by weak spot market in second quarter but positive financials keep it in black.
CECO in red Axel Eitzen-led owner to restructure debt, issue equity and mull ship sales as it sinks into red.
Glencore upbeat Ivan Glasenberg-led commodities giant reports 'encouraging signs' despite first half profit slip.
Sale confirmed Herman Billung-led Golden Ocean announces panamax sale and relets another at double rate.
DryShips leaps George Economou-led bulker and drilling unit owner sees shares take mysterious 10% jump.
Cosco Pac ko'd Hong Kong-listed port giant continues to be affected by the economic downturn with weak first half.
Concordia adjusts 2009 forecast Concordia Maritime has sold its holding in US shipping company General Maritime. 'The decision to sell the holding in General Maritime was made in view of the weak prospects for
Six tough months for SRAB Swedish SRAB Shipping AB made a pre tax result of SEK '50.2 million the first six months of 2009 compared to '1.6 million the same period last year
Golden Ocean sells and leases back Golden Ocean has agreed to be released from the bare boat agreement for the panamax vessel Golden Joy, built in 1994, against purchasing the vessel for USD 10.7 million
Royal Arctic Line stands without shipyard Royal Arctic Line is searching for a new shipyard for building of two ice strengthened container carriers for their service between Denmark and Greenland. The original contract with German Wadan
Arctic Sea eight charged with piracy and kidnapping The Russian Prosecutor General's Office has brought charges of piracy and kidnapping against all the eight captors of the Arctic Sea, one of the suspected has also been charged with
Court rule: No extra compensation to Danica White crew No extra compensation was awarded to three crew members from the Danica White after a court case in Copenhagen. The Seaman's Union (3F) had sued the owner H. Folmer & Co
Time for investment in green shipping technologies Increased focus on clean technology during second quarter 2009, bunker fund could help further research.
Washington oil spill readiness plans approved BP Shipping and Polar Tankers' contingency plans will help protect Puget Sound.
August sees $30-40 climb in bunker prices Average levels at highs for the year in last full week of trading.
New General Manager at Chinese bunker firm Has 'many years of experience' in oil trading and bunkering.
North Europe bunker prices end week firm Prices in South Europe mixed.
Commercialisation of Ecospec scrubber 'the next step' Ecospec 'following up on a number of prospects' for its multiple pollutant scrubber system.
Big jump in ARA fuel oil stocks Almost 55% up from week ago, gas oil stocks at record levels.
Bunkers bullish as week ends Enquiries at key Asian ports were few as bunkers became more expensive.
Chinese fuel oil world's third largest energy futures market Only behind NYMEX WTI and London Brent crude oil futures in total transaction value.
New projects and storage demand boost Vopak profit by 17.5% 2009 outlook raised on the back of 'encouraging results'.
Chemoil still in talks to sell stake Discussions continue on possible sale of some or all of its shares.
Qatar wants OPEC output unchanged 'Not the time' to discuss change in quota as world economy is weak.
Sri Lanka: 8,800 dwt bunker tanker loads first cargo Supplier's first double-hull will help ease shortage of storage space.
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