Chinese navy build-up no threat to Asean CHINESE military experts have told their counterparts from members of the Association of South-east Asian Nations (Asean) that the People's Liberation Army (PLA) Navy will never be a threat to the region.
Piracy insurance premiums take a breather STIFF competition and moves by owners to protect ships better has taken the edge out of insurance costs after pirate attacks off Africa's east coast created a two-year boom for specialist cover.
Maersk Line launches new transatlantic service at Petrolesport container terminal The Petrolesport container terminal, a Global Ports Investments company located in Russia, held a ceremony to mark the inauguration of the new ECUBEX freight route betwee...
PD Ports welcomes extra BG Freight Line link to Rotterdam BG Freight Line (BG) has launched a second weekly direct service linking Teesport (UK) to Rotterdam (Netherlands) to meet rising demand on the route. In April 2009, BG, p...
HHLA with double-digit return in crisis year 2009 The German port service provider Hamburger Hafen und Logistik AG (HHLA) reported a high double-digit return and met its forecast for the financial year 2009, despite the ...
Kerry Logistics opens new hub in Vietnam Kerry Logistics closed a strategically important gap in its Vietnam network when it opened the first phase of a new logistics centre in Danang in Central Vietnam. The facility...
Ceva Logistics announces plans for a new facility in Jafza (Dubai) Ceva Logistics, a leading global supply chain management company, recently announced that a new state of the art warehouse and office facility will be built in Dubai's Jebel Ali Fr...
Strategic merger between Overseas Group and Globe Express The management teams of Overseas Group and Globe Express Services have announced the merger of the two companies. The move was commemorated at a signing ceremony at the Mandarin Or...
Delamode selects Horoz as new partner in Turkey The transport and logistics group Delamode Romania (formerly Tibbett & Britten Delamode Logistics and then Exel Delamode) recently began an alliance with the Turkish logistics ...
French railway workders set to strike on 6 April French railway workers are to strike on 6 April. It is the third time since the beginning of the year. As a date to end the strike has not been set for Fret SNCF, the cargo ar...
Nine seafarers wounded in pirate attack Violent attack on North Korean vessel the most brutal to date
Boxes pile up at Chinese ports Carriers keep a tight control on capacity in the run up to annual contract negotiations and May rate increases
Rickmers Trust clarifies boxship 'rescue' Singapore-listed company still in negotiations with Rickmers Group and lending banks over ship finance
Hapag-Lloyd reassures shippers over transpacific capacity Hapag-Lloyd America president Wolfgang Freese says vessel capacity for the second half of 2010 will be 'sufficient to meet all space requirements'
South Korea shipbuilders see first quarter order jump Top four builders have more than five-fold increase
H-L sees 'sufficient' tonnage THE SURGE in demand for box ships during the peak fall season is unlikely to snarl the container sector, Hapag-Lloyd has predicted
Drill plan fuels Jones Act debate JONES Act operators serving America's offshore oil and gas sector fear that foreign operators will reap the benefits of President Barack Obama's new strategy
Climate levy on shipping mulled THE UN'S panel on climate change has reportedly discussed a levy on shipping as part of a plan to raise up to $1 trillion to address environmental changes
Police guarding ferry services HUNDREDS of French police officers were deployed today at Corsican ports and at Toulon in southern France as ferry workers went on strike
Azerbaijan LNG plan unveiled SOCAR, Azerbaijan's state oil company, is to start processing LNG transported by ship from its refinery in Baku to its Petkim plant in Aliaga, Turkey
TBS scores brief reprieve BULKER and 'tweendecker owner TBS International has another month to cure the loan covenant issues that have dogged the company for the past year
Coast Guard upheld on spills A FEDERAL court has thwarted efforts by Massachusetts to curb US Coast Guard authority in oil spills
Transpetro bags $483m bank loan Tanker arm of Brazilian oil giant secures fresh funds to finance four panamax newbuildings.
Pirate skiff versus US Navy? Today's armed assault on a US Navy vessel in the Indian Ocean sparks fierce debate among industry experts.
FreeSeas frenzied fixture spree Ion Varouxakis-led Greek drybulk outfit cashes in on rate rise after fixing three handysize bulkers.
Scorpio has $260m war chest Newly-listed tanker owner has enough funds for two suezmax and two aframax resales and was profitable in Q4.
Pirates spark violent skirmish A gun battle off the Seychelles Islands has led to the capture of five suspected pirates, the US Navy says.
Fulford second only to Case Former chief executive Richard Fulford-Smith was paid over '1m by Clarksons in 2009, with only present boss Andi Case earning more.
Crew hurt in bloody battle Grenades and gunfire leave nine crew of North Korean ship "seriously injured" in pirate attack off Kenya.
Wage spat ship eyes Gaza UK charity to bust Israeli blockade with ship auctioned after crew abandoned in Ireland.
Trader rejects single hulls Trafigura commits to charter only double skinned tankers for international transportation and storage.
KIC kickstarts tanker splurge Malaysian oil terminal group buys FSOs as it teams with Thais to acquire 22 vessels.
Quotes of the week Braemar brokers seek greener pastures while Howe Robinson hot foots it to Singapore.
Communards yard wins appeal Ukrainian court overturns compensation order over unfulfilled newbuilding contract.
Trust shares fly on rescue plan Singapore-listed Rickmers Maritime sees its market value jump by over one fifth after Bertram Rickmers offers to relieve financial headache.
Hyundai leads Korean surge South Korean newbuilding orders see five-fold rise in the first quarter with HHI at the head of the pack.
Buss boxship evades pirates One-hour pirate assault unsuccessful as Hermann Buss' Delmas Nacala escapes hijacking off Somalia.
New5 in Numb3rs Diana's boxship move in doubt, Rickmers kills nine HHI newbuildings and Evangelos Marinakis' restaurant tab has him in the gossip pages.
Halter hauls in two more US shipyard to build another two articulated tug barges for tanker owner OSG.
Handysize switch at Mipo Bulker order increased but ship size drops at Hyundai Mipo with mystery owner taking later delivery.
Nakilat-Damen wins big order Qatar-based joint venture shipyard to build 19 tugs and service vessels for Qatar Petroleum.
Aban pens $40m contract Indian offshore player finds domestic term work for one of its jack-up rigs.
Celtic and Forth admit defeat UK shipping companies to return cash to shareholders after failing to find suitable tanker buy to re-enter market.
Rickmers set to rescue RMT German owner says prepared to take back seven boxship newbuildings Rickmers Maritime Trust is struggling to finance.
Minoan saved by Hellenic sale All of Greek ferry owner's 2009 profit attributable to offloading of shares in compatriot to Anek Lines.
Guangzhou Shipyard weaker Chinese MR tanker specialist sees full year profits down almost 40% on higher currency and material costs.
Nakilat profits up fourfold Qatar Gas Transport posts huge hike in full-year net profits and instigates first dividend payment.
Austal seals Oman gig Aussie fast ferry specialist secures deal to provide maintenance services to Middle East fleet.
Ro-ro grounds in Canada Ex-Atlantic Freighter forced aground at Port aux Basques after being delivered to new owner.
Maersk restores ME3 Danish liner giant to reintroduce India, Middle East and Mediterranean service and re-jig ME1 route.
Maersk Miami had an engine room fire off India Maersk Line has temporary lost its container carrier Maersk Miami, which had its engine room destroyed by fire while on a voyage off the coast of India. En route from
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