Dry bulk rates seen coming close to all-time lows Freight rates for dry bulk carriers could tumble near historic lows next year as new ships flood the market and iron ore demand in China weakens, said the head of Precious Shipping yesterday.
Supertanker rates remain depressed by surplus ships A surplus of supertankers competing for two million-barrel cargoes of Middle East crude oil stayed unchanged, undermining owners who have refused charters to try to halt a collapse in rental income.
Hyundai Heavy wants to boost wind-power sales 13-fold Hyundai Heavy Industries Co, the world's largest shipyard, plans to increase wind-power sales 13-fold as concern about climate change spurs demand for alternative energy.
Emirates launching service to Senegal Dakar will be today's catch of the day as Emirates launches flights to the Senegalese capital. Located on the Atlantic coast in West Africa, Dakar has a rich tradition in fish...
Afriqiyah Airways cancels Asia service The Libyan carrier Afriqiyah Airways has cancelled its Far East Asia service. This schedule modifications concern its twice-weekly flights between the country's capital Tripoli and...
Global container handling volume to top 545 million teu in 2010 According to the latest figures published by Alphaliner, the global container handling volume will exceed 545 million teu this year. The strong first-half performance will be&...
Cosco Pacific H1 profit jumps by 82% Hong Kong-based Cosco Pacific Ltd, Asia's third-largest container-terminal operator, said its H1/2010 profit rose by 82%, due to the recovering world trade and the sale o...
Karl Dischinger becomes logistics partner of DB Reise & Touristik SA Basel Karl Dischinger GmbH, a specialised German forwarding company, has established a reception and consolidation platform for temperature-controlled foodstuffs at its headquarters...
DPD banks on expanding in Russia The B2B parcel service provider DPD that belongs to Geopost, the CEP subsidiary of the French mail service provider La Poste, continues to bank on expanding in Russia. To this end ...
GLS Ireland starts express delivery service Parcel carrier GLS Ireland is launching its nationwide express delivery service today (1 September). The product can be easily supplemented with various other GLS services. GLS Ire...
Master plan to upgrade Vietnamese airport The Vietnamese government has passed a master plan to upgrade Phu Bai airport into an international facility by 2020. Phu Bai is located near the central city of Hu', the historic ...
APM Terminals Aarhus and Cargo Service to merge APM Terminals Aarhus (Denmark) and Cargo Service have agreed to combine their two facilities into one port complex to serve the customers better through a single deepwater ber...
Danaos looks beyond crisis WITH QUESTIONS finally answered on financing, Danaos Corp is gearing up to generate much higher revenues
Brazil makes port arrests POLICE in Brazil have arrested seven people in relation to the illegal importation of goods through two Brazilian ports
Armada hunts Ashapura assets ARMADA Singapore is moving to seize US assets of Indian mining giant Ashapura to collect more than $67M in London arbitration awards
K-Sea stock hammered SHARES of tank-barge operator K-Sea Transportation are today being clobbered for the second straight day, as investors await news on credit negotiations
Some India sugar clots dissolved DELHI'S moves to clear imported sugar consignments stuck at ports have partly succeeded
Maersk: going slow is here to stay DENMARK'S AP Møller-Maersk today said slow steaming to save money is here to stay as prospects for the global economy remain shaky
Barclays unit targets shipping A YOUNG equity business is making waves in the shipping industry as it pumps up its energy industry commitments and portfolio
Ridgebury closes in on IPO Ridgebury Tankers ups the anti as UBS and Wells Fargo join Jefferies and Bob Burke in $341m road to Wall Street.
Armada hunts arbitration award Insolvent Singaporean shipping outfit brings $68m COA battle to Chicago courtroom.
Cal Dive charters offshore trio New York-listed offshore player pens $56m pact tied to Bahamas-based pipeline project.
Harren hands over OIG seat Former Ocean Rig chairman steals top spot from Peter Harren as OIG Offshore closes in on Norwegian IPO.
CMA CGM sheds the red Jacques Saade-led liner giant says cash injection still in the cards as 41% jump in revenue reverses first-half loss.
Nanjing Tanker taps $750m war chest Chinese tanker player on the fringe of inking $200m VLCC order as 'deep discounts' fuel fresh spending spree.
Fredriksen loses tanker belief Norwegian tycoon John Fredriksen predicts pain in the pocket for shipowners over the next two to three years.
Eimskip holds profitable course Restructured Icelandic container line turns around last year's losses in first half as second quarter volumes grow.
Russian crew found 'drunk' Wilson captain and coxswain taken away for blood tests after near grounding off Norway.
Turkish ship sinks in Black Sea Crew of Turkish vessel rescued before it sank hours after loading cargo at Romanian port.
Torm bags new dry-bulk boss Alex Christiansen arrives from Nidera to take over from Kim Rasmussen and the departed Soren Christensen.
Wilson bulker bashed in Germany Wooden pilings smashed and bow dented after vessel hit jetty at Cuxhaven.
Crew lost in Korea smash Search on for crew of fishing vessel which sank after collision with small tanker off Korea.
Vinashin appoints new chief Nguyen Quoc Anh is the latest executive charged with reviving ailing shipbuilder Vinashin.
Tanker grounds off China Crew evacuated from small products carrier after incident in bad weather in Yangtze estuary.
Eidesvik ponders Green bid Norwegian shipowner Kristian Eidesvik is mulling Green Reefers takeover offer after taking stake beyond 40%.
Bangladesh owner in the red State-owned BSC racks up first quarter loss as it prepares share sale.
Severnaya surges back to profit St Petersburg shipyard turns around first quarter losses with profitable second three-month period.
Hapag poaches Maersk man Danish line's Asia boss Jesper Praestensgaard to become chief commercial officer at German rival.
Yangzijiang prices IPO high Ren Yuanlin-led shipbuilder eyes full $113m as receipts for proposed Taiwan listing go for top dollar.
Bourbon bitten by bulker sale Impairment charge on 16-vessel deal with Genco lowers first half profit at French owner.
Hanjin looks for 5,000 workers Korean group's Philippines shipyard needs a lot more manpower this year as orderbook grows.
'Rogue ship' sought in Goa spill Indian government vows to track down vessel suspected of dumping oil which washed ashore this week.
Dockwise does dozen deals Dutch heavy-lift player adds $37m worth of transport contracts to backlog.
Wallenius eyes LNG power Swedish shipowner to examine the possibility of using cleaner fuel for new and existing tonnage.
Teekay Corp dropping down four Teekay Corp ready to sell Petrobras chartered FPSO and shuttle tanker trio to a daughter company following fixtures fest.
Danaos still in the red John Coustas-led containership company books another quarterly loss, but vessel costs decline.
Tuticorin eyes Sri Lanka ferry Indian port trust wants to re-establish passenger link to Colombo.
Crewman held on child porn charge Indonesian steward arrested on Carnival Glory in Canada over laptop images.
Tianjin stake buoys TPDH Income from Tianjin Port stake lifts interim profits at Tianjin Port Development Holdings.
China Merchants boosts Colombo Chinese ports player joins venture to add three new terminals in Sri Lankan capital.
OOCL keeps on raising Hong Kong owner announces rate increase for both transatlantic and Southeast Asia to Australia routes.
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