Safety concerns after BP spill drive rig orders Billionaire John Fredriksen's Seadrill invested US$2 billion in the past two months on oil rigs, leading a jump in orders as safety concerns after BP's Gulf of Mexico disaster spur demand for newer platforms.
Middle East tanker supply still in surplus A surplus of supertankers competing for Middle East crude oil stayed unchanged as returns from shipping two million-barrel cargoes to Asia slid.
No treasure in hunting pirates today Besieged by criminal inquiries and congressional investigators, how could the world's most controversial private security company drum up new business? By battling pirates on the high seas, of course.
Study on container terminal capacity and performance Asian and Middle Eastern terminals generally achieve more intensive use of their resources (quay line, cranes and land) than European ones. North American terminals are generally a...
SNCF Geodis acquires 100% of the German rail company ITL The French service provider SNCF Geodis is acquiring a 25% stake in the German rail company ITL Eisenbahn GmbH. The sale will be effective as of 1 December 2010. As of this date, I...
BLG and Lagermax: new Suzuki cars for Austria via Bremerhaven The Pacific Highway transported the first Suzuki vehicles for the Austrian market to Bremerhaven (Germany) at the end of November. As the exclusive automobile logistician for ...
Puma selects Menlo Worldwide Logistics as its Singapore 3PL Menlo Worldwide Logistics, the global logistics subsidiary of the US company Con-way, has received a new contract from Puma to provide warehousing and inventory management and...
Raben Netherlands wins two prestigious TLN Entrepreneur awards Raben Netherlands, part of logistics service provider Raben Group, received the TLN "Entrepreneur Award" in the category of large enterprises from the Dutch minister of infrastruct...
Iberia and British Airways officially merge on 24 January The merger of Iberia and British Airways is to be officially consummated on 24 January 2011, when shares in the new International Airlines Group (IAG) holding company are listed fo...
Antwerp port authority and Left Bank Corporation seeking wind power partner Antwerp Port Authority and the Left Bank Corporation are searching for a partner to build a wind farm in collaboration with them on the left bank of the River Scheldt. A ...
Vietnam: good progress in seaports infrastructure It is estimated that Vietnam needs investments totalling around USD 70-80 billion in the road, rail and seaport infrastructure sector in the coming five to ten years alon...
Europe's cargo growth slows GROWTH in Europe's cargo throughput could halt in January, according to Danske Bank's latest European Freight Forwarding Index
Insider sell-offs accelerate FRED Cheng's Vanship Holdings may unload its entire stake in Navios Acquisition, just the latest example of a disconcerting trend towards insider sales
No-prisoners scheme leaked THE SCANDAL over WikiLeaks finally touched shipping security today, in a disclosure about piracy and Blackwater Worldwide
Profits fall at Piraeus PIRAEUS has posted a fall in profits for the first nine months of 2009 as the closure of a box terminal for redevelopment hit revenues
Mariner labour balance seen SUPPLY and demand for seafarers will be relatively well balanced over the next year, with only a 2% shortage of officers, according to a new report
MCC sees small-ship future MCC TRANSPORT'S chief commercial officer Rupesh Jain told Fairplay today it's difficult for intra-Asia carriers to operate ships larger than 3,500teu
US ports fear earmark halt US PORTS fear that election pledges by US Republican senators to end home-state project funding 'earmarks' could stymie expansion
Navios shelves Vanship's holding Navios Maritime Acquisition sets the stage for $9m sale of shares controlled by Vanship Holdings.
Who's snapped a shortlist place? We have whittled the entries to our maritime photography contest down to a dozen images. It is now up to readers to vote for a winner.
Oceaneering eyes subsea deal New York-listed offshore contractor hopes to parlay umbilical manufacturing gig into installation contract, sources say.
Bids build in Trico PSV sale Fate of two Trico Marine platform supply vessels rests in the hands of US bankruptcy judge as curtain closes on high stakes auction.
Floatel launches Oslo listing Swedish rig owner scores a seat at shipping's top table after tying up $49m IPO.
DRYS waves 'hello' to new waiver George Economou-led owner has thirty days to secure covenant compliance as it ties up another loan extension.
Kamsarmax score for Cosco Corp Singapore-listed shipbuilder celebrates $110m deal for three bulkers.
Baltic Trading boosts fire power Peter Georgiopoulos-led bulker owner secures larger and longer loan from Nordea.
Karam I search called off Hope fades for five Syrians lost in sinking after collision with Dutch tanker in Black Sea.
Stolt-Nielsen silent on tanker sale Oslo-listed owner shrugs off talk regarding the sale of a chemical tanker to a US company.
Better all round for First Steamship Profit rises for Taiwan bulker owner as revenue grows, while costs shrink.
Wightlink cuts back on sailings UK ferry owner seeking to reduce costs to preserve route to Isle of Wight.
Bonus $20m for Fred Olsen Lundin takes up one of its options on a drilling rig owned by Oslo-listed Fred Olsen Energy.
Mixed feelings on SCI offer Analysts give contrasting advice on Indian owner's new follow-on share sale.
Cape crash a drag for dry-bulk Baltic index set to drop below the psychological 2,000 points level this week as cape rates retreat, analyst warns.
Latvian Shipping deep in the red Tanker operations make money, but Riga owner dragged down by property units.
Hydrogen first for Statue Cruises New York operator orders green hybrid vessel at Derektor Shipyards in Connecticut.
Aboitiz sells out to China China-Asean Marine fund moves in for Philippines' biggest shipowner, merging it with Negros Navigation.
3i eyes second Indian play UK private equity giant planning new $3bn raid on ports and infrastructure.
Passengers held in coke bust Two Italians arrested in Hamburg after drugs found in cabin on Grimaldi con-ro.
Petrobras pact for Acergy Oslo-listed owner grabs $190m deal which will see two pipe-layers employed off Brazil.
Northrop Grumman nails USCG order US shipyard to build new $480m cutter as coast guard replaces 40-year-old vessels.
STX gobbles up Brazilian stake South Korean owner STX Pan Ocean forks out over $1m for juicy slice of trading joint venture.
Great Offshore nets GSPC deal Bombay-listed owner lands $4.3m term deal for one of its anchor handlers with state-owned oil firm.
Sumatec slumps to loss Loss on asset disposal hits Malaysian tanker and offshore vessel operator where it hurts.
Sealink struggles in third Lack of newbuilding sales in the quarter see Malaysian shipbuilder struggle to make a profit.
Canada provides ferry lifeline Government ploughing cash into subsidised eastern routes until 2014.
SapuraCrest wins Oz gig Malaysian offshore contractor wins deal to help reconstruction of Aussie field damaged by fire.
30 years in prison for attack on US vessel The Somali Jaamac Ciidle as been sentenced to 30 years imprisonment by a federal court in Virginia for his role in pirate attack on April 10. What he and his
Officer shortage lower than expected Today, balance rules between supply and demand on the world's seafaring labour market, although there is a modest overall two per cent shortage of officers, the latest update of the
Swedish-flagged AHTS takes Northern Sea Route home For the second time in more than 130 years, a Swedish-flagged vessel will sail through the Northeast passage, North of Russia. In 1879, the Swedish-flagged Vega sailed out
Scandlines charters ropax Scandlines has chartered the Italian-flagged ropax vessel Scottish Viking in order to increase capacity on the Nyn'shamn'Ventspils service as from January 2011. The 2009-built Scottish Viking has
Fayard owner furious over state aid I am opposed and furious at the fact the taxpayer's money is going to be used to increase capacity in a business that is tight enough already' These words comes
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