Hijacked ships ignored safety measures Piracy specialists said last week that most of the hijacked ships off the coast of Somalia had ignored safety precautions, and at least 25 per cent of the commercial ships that pass through the Gulf of Aden continue to do so.
Ship fire at Keppel Batangas yard FIRE broke out on a cable ship being repaired at the Keppel Batangas shipyard in the municipality of Bauan in Batangas province, Philippines at around 10.30 am on Wednesday.
IRU sees need for retention of skilled road haulage staff The International Road Transport Union (IRU) staged a seminar in Brussels recently entitled "Image and Employment in Road Transport". The event was attended by profession...
Kombiverkehr registers success in new markets The German intermodal service provider Kombiverkehr, based in Frankfurt, transported 16% fewer goods in 2009, compared to 2008. The shortfall equates to a total of 855,553 shipment...
Freight train collision closes Simplon route Two freight trains, operated by BLS and Crossrail, recently collided between Brig station and the entrance to the Simplon tunnel (both Switzerland). Numerous railcars were derailed...
RZD signs agreement with Russian Technologies Russian Railways (RZD) and the Russian Technologies State Corporation signed an cooperation agreement to develop all fields of transportation technology. RZD president Vladimir Yak...
Aeroflot's largest private investor jumps ship The Russian airline Aeroflot is losing its largest private investor. The media in Moscow have reported that multimillionaire Alexander Lebedev is selling his 25.8% stake in th...
Ecu-Line announces management changes The Ecu-Line Group of Companies is making a few important changes to its management structure to meet growing demands in various regions. Franky Van Doren has been appointed region...
DHL investing in Bangladesh The German service provider DHL has announced a new joint venture (JV) in Bangladesh with Trade Clippers Cargo. The JV, which is called DHL Global Forwarding Bangladesh, ...
JF Hillebrand acquires ABV Logistics JF Hillebrand, a global service provider specialising in the transport of beverages, has strengthened its capability to provide dedicated wine and beverage logistics services ...
Nurminen Logistics enters into a cooperation agreement with Mongoltrans Nurminen Logistics (Finland) and the Mongolian logistics company Mongoltrans signed a cooperation agreement in January 2010. Under the terms of the contract Mongoltrans will r...
Logwin opens new office in Dubai Logwin, an international logistics service provider based in Grevenmacher (Luxembourg), opened an additional office in Dubai Airport Free Zone on 20 January. Logwin's new...
Suez Canal container terminal takes the lead Many terminals were struggling for volumes and market shares in 2009, as overall global container throughput declined by an estimated 10%, and the total number of vessels transitin...
APM Terminals and Hanjin Pacific ink agreement on Kaohsiung terminal APM Terminals, the independent port operating division of the Danish A.P. Moller-Maersk Group, and Hanjin Pacific Corporation recently announced they have entered into an...
ISO certification for Florida international terminal The Florida (USA)-based Port Everglades recently reported that Florida international terminal (FIT), a marine terminal operator, has earned the International Organization for Stand...
AirBaltic appoints MAC Holdings in Sri Lanka and the Maldives MAC Holdings ' a Colombo (Sri Lanka)-based member of the EGSAC cargo GSSA network - has been appointed to represent Latvia's airBaltic Cargo offline in Sri Lanka and the Maldives. ...
ANA: route expansion and cargo fuel surcharge reduction The Japanese carrier All Nippon Airways (ANA) is extending its network on 1 July, and particularly wants to augment its services to/from Germany. ANA is planning to operate a ...
Iata statistics: 2009 with the largest ever post-war decline The International Air Transport Association (Iata) reported December and full-year 2009 demand statistics for international scheduled air traffic. The figures showed that the indus...
J.B. Hunt announces Q4/2009 results J. B. Hunt Transport Services has announced that its Q4/2009 net earnings came to USD 41.7 million. The Q4/2008 profit was USD 53.3 million. Total operating revenue, at USD 877 mil...
Carnival tallies green cost CARNIVAL Corp revealed today that proposed US and Canadian emission control areas could inflate its fuel bill by up to $200M per year.
Hamburg KG placings tumble SHIPPING equity placing shrank dramatically last year for listed Hamburg KG houses HCI Capital and MPC Capital, as German private investors gave shipping investments a wide berth
Tug to try freeing tanker THE TUG Megas Alexandros will try this weekend to free a tanker stranded for a week in Crete, owner Tsavliris & Sons told Fairplay today
CPP trims dividend DIVIDENDS continue to be slashed across shipping, with Capital Products Partners today revealing a lower payout plan for this year
Pineapple search yields arrest A SUSPECT was arrested today in the seizure of 378kg of nearly pure cocaine at Valencia's port
Indonesia's military accused A STUDY has found that Indonesia's military is profoundly involved in illegal logging, IHS Global Insight reported today
INTTRA sells majority stake PRIVATE equity firm ABS Capital Partners has bought a majority stake of box shipping e-commerce company INTTRA for $30M, it was confirmed today
Rethink, Redesign, Rebuild The highest town in the Swiss Alps is the picturesque setting this week for the World Economic Forum (WEF). Davos is the host for the annual WEF, where 2,500 world leaders - the great, the good...and politicians - are assembled on the slopes to debate the issues of a fragile post-recession world.
TK sells Guardian Aframax tanker Guardian Spirit reportedly fetches $10m to $11m from Asian interests.
Practically normal Tankers resume transiting Texas Sabine-Neches Waterway after Eagle Otome oil spill.
Order downshift Carnival report says Micky Arison-led cruiseship owner plans to reduce pace of newbuildings to just two or three per year beginning in 2012.
Peruvian scraps Petrolera Transoceanica sends 24-year-old products tanker to the breakers for $1.76m.
Capital divi cut Evangelos Marinakis-led Capital Product Partners to reduce dividend targets as full-year profit drops.
K-Sea cut Analyst downgrades K-Sea Transportation to "underperform" on expectations that dividend won't return soon.
Horizon chops Fourth-quarter results return to the black but Jones Act liner operator Horizon Lines cuts dividend by more than half.
Case closed Florida attorney general closes investigation of cruise line fuel surcharges without action, Carnival says.
Capital: 'Not us' Evangelos Marinakis-led Capital Product Partners denies purchase of Cido Shipping VLCCs.
Ferry free from ice Ice-breakers called in as 850 passengers stranded on Finnish ferry stuck in frozen Baltic Sea.
Seanergy prices New York-listed owner undercuts current share price with $25m stock offering to buy bulker.
CSDC warns Chinese tanker and bulker player says 2009 profit probably dropped by more than 50%.
Essar profit up Increased costs take shine off vastly improved sales at India's Essar Shipping Ports & Logistics.
It's quotes time Greek owners' wallets are bursting at the seams and 'disappointed' shareholders drag StealthGas down.
Daehan demand? Korean shipbuilders STX and Daewoo linked to takeover bid for compatriot yard.
MOL crashes Japanese giant posts nine-month profit collapse, but markets were beginning to improve in the third quarter.
Pant could go Estonian ro-ro owner Tallink's boss will retire this year if he can guide it back into profit.
New5 in Numb3rs MOL and E Nomikos back on the newbuilding horse, Evangelos Marinakis makes VLCC debut and Nobu Su readies bond issue.
Evasive action Scottish trawler escapes serious damage in collision with German cargoship Leeswig.
Weaker Eastern Indian tanker and bulker owner Great Eastern hurt by rate falls in first nine months.
Loss for Varun Indian tanker, offshore and gasship owner sinks into red in third quarter despite disposal gains.
Batuan blaze GMS cable-layer suffers engine room fire while undergoing repairs at Indonesian shipyard.
NYK black again Japanese shipowner posts quarterly profit on cost cuts and rate hikes but full year loss estimate widens.
K Line sinks Japanese owner revises four-year plan in wake of global economic woes as losses stack up.
Shinwa ups target Japanese bulker and tanker owner Shinwa Kaiun posts nine-month profit and raises forecasts.
Partly to blame Shipping Corp of Polynesia chief John Jonesse admits "not doing good job" before tragic sinking of Princess Ashika.
Miclyn eyes IPO Singapore-based offshore owner eyes second attempt at going public this year with $500m float.
Back in the black Nicolas Saverys-led gas player Exmar returns to profit in the fourth quarter, but full-year results are down.
Iino negative Japanese tanker and bulker player racks up nine-month loss, but predicts slim full-year gain.
Meiji makes half Profit at Japanese tanker and bulker owner Meiji Shipping cut by 50% despite sales gain.
Kinkai cut K Line's bulker and ro-ro unit posts profit drop in first nine months, and forecasts fourth-quarter deficit.
Merger mistrust Greek shipowners in overwhelming vote against amalgamations to create P&I megaclubs.
Rhea grounds Blue Ocean Maritime-controlled general cargoship runs aground in Spain's Algeciras Bay.
NYK volumes up Japanese liner giant sees healthy increases in container traffic between Asia and the US and Europe.
Denmark pulls out of vessel deal The Danish Department of Fisheries has finally decided to cancel the almost completed newbuilding from the Spanish shipyard Astilleros Construcciones S.A. at Vigo. The 68.1 metres long combined rescue
Farstad takes delivery of anchorhandler Farstad Supply has taken delivery of the AHTS vessel Far Shogun from STX Norway Offshore. The vessel will trade the spot market in the North Sea, according to Farstad. A
Merger an alternative for Hamina and Kotka The Centre for Maritime Studies has investigated the possibilities to increase the cooperation between the ports of Hamina and Kotka. In its study the expert group recommends a merger between
Market analysis: Prices higher in January Average bunker prices higher to start year, but good value relative to crude.
Crude brings uncertainty to bunker markets Early firming impacts bunker prices, quiet trading.
Increasing fuel cost of US shipping regulations Engines made to meet standards will come at a price, shippers continue to show support for cleaner fuels despite expense.
Towboat sinks in Kentucky, spilling oil Salvage operations to begin when river conditions allow.
Markets mainly soft at week's end Customs strike scheduled in Piraeus.
Fujairah and Durban prices little changed Suez, meanwhile, sees firmer prices.
Hedging firm predicts rising oil and bunker prices in 2010 Inventory overhang to hit refinery output near term, balance restored this summer, says Global Risk Management.
South Korean plant to boost regional bunker production Samsung Total Petrochemical says most of the product will be for export to Singapore and South Korea.
ARA fuel oil inventories dip Fuel oil stocks down 21% since early January.
Asian prices mostly up Prices rise except in Singapore on Friday.
Deepening losses forcing operators to make baseless claims against suppliers More claims were lodged against suppliers last year than in any other year, in an effort to delay payment.
Karachi authority bans uncertified barges Industry claims authority is also banning bunkering after sunset; sales to dip.
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