Oil tankers stretching routes to avoid Somali pirates Oil tankers are routing their voyages further east into the Indian Ocean away from Somalia's coastline to avoid pirates who are striking deeper out at sea, a senior ship industry official said last Friday.
Panalpina sales and profit down The global forwarding and logistics enterprise Panalpina said that sustained pressure on prices pushed sales and profits down in the first quarter of 2010. The turnover decreased b...
Pesa growing in western Switzerland Pesa (Port-Franc et Entrep'ts de Lausanne-Chavornay SA), a Swiss transport and logistics company based in the canton of Vaud, is growing. It plans to build a new 9,945 sqm bonded w...
DB Schenker reorganises Russian logistics services DB Schenker recently consolidated its logistics services in Russia. The two companies Schenker Russija ZAO and Schenker Ltd have been combined to enable them to offer eve...
Ceva expands partnership with Procter & Gamble Ceva Logistics has signed three contracts with Procter & Gamble (P&G), and will now handle all warehousing activities in Italy for P&G's home care products. The partner...
CMA CGM expands activities in Iraq The French CMA CGM group is inaugurating its new deepwater quay in Iraq's port of Umm Qsar today. The quay is reserved for CMA CGM's own ships and is equipped with state-of-th...
Privatisation of port of Izmir collapses Efforts to privatise the west Turkish port of Izmir have failed for the time being after the withdrawal of Celebi Holding from its bid. Originally a consortium (Global-Hutchis...
Russia and Norway reach agreement to demarcate maritime border Russia and Norway have reached an agreement to demarcate the border between their parts of the Barents Sea and the Arctic Ocean, according to the Prime-Tass news agency. A disputed...
LH Cargo stops in Krasnoyarsk for 1,000th time LH Cargo, the freight division of Germany's Lufthansa airline, made its 1,000th technical stop at Krasnoyarsk Yemelyanovo airport in central Siberia on 26 April. The first regular ...
US plans to outlaw pirate ransom payments panned International Chamber of Shipping and International Shipping Federation issue a scathing attack on Obama policy
Sailing restrictions imposed in US Gulf area Southwest Pass remains open and expected to remain clear of the Deepwater Horizon oil spill for 72 hours
Macquarie says box recovery patchy but stable Company finds little evidence recent volume surge is due to re-stocking
IMO delegates sign HNS protocol London diplomatic conference agrees to bring convention into effect, some 14 years after originally adopted
Forth Ports sees traffic throughput rise at Tilbury First quarter significant improvement in profitability at London hub
Spill affecting ship lanes SHIPS HAVE been ordered to slow in three of four shipping lanes feeding the Mississippi River to protect workers setting up spill booms, a Coast Guard official told Fairplay this morning
Protesters to barge into Paris FRENCH barge operators, who have been blocking northern canals since 26 April, are today preparing a weekend protest in Paris after talks with the transport ministry failed
Fleet Management indicted FLEET Management has been indicted in Texas on pollution charges, and two crew members of a ship managed by the group were charged with conspiracy
Navios goes back for more SERIAL secondary seller Navios Maritime Partners has once again gone to public investors for growth capital
Hanjin's Algeciras row settled SPANISH stevedores settled their dispute today with Hanjin Shipping, so Total Terminal International Algeciras will finally open on 4 May with a call by Cosco Oceania
Reef ship to be lightened REMOVAL of 1,500 tonnes of oil and fouled water from Shen Neng 1 has been completed with no leakage, according to Australian authorities
Bright horizon for Transocean? Shares in drilling giant hammered amid Deepwater Horizon disaster but it may mean opportunity for investors, analyst says.
Schulte denies Russian ties Bernard Schulte Shipmanagement refutes relation to cargoship detained by US authorities in Texas.
TBS snatches third extension Clock ticking for TBS International as the Joseph Royce-led shipowner struggles to subdue its ongoing debt dilemma.
Navios pricing hits price Shares down over 5% as Angeliki Frangou-led Navios Maritime Partners prices potential $92m offering.
Baltic's fixture finale Scorching supramax taken off-ice as Peter Georgiopoulos-led bulker outfit secures spot charter for final unfixed ship.
Tough quarter for Capital Evangelos Marinakis-led products tanker outfit has money in the bank but first-quarter profits slipped 23% amid a murky market.
Spill to send six for scrap Half a dozen single-skinned Vela VLCCs could be torched with Deepwater Horizon tragedy tipped to bring US crackdown.
Baltija battles on as buyers visit Lithuanian shipyard put up for sale by AP Moller-Maersk continued to make money in 2009.
Eagle Bulk boosted to buy Improving dry-bulk indices, helped by 40% delay to newbuilding orderbook, draws upgrade for Nasdaq-listed owner.
Cosco kamsarmax set back Post Lehman Bros bulker delays at Cosco Corp (Singapore) reach 53 as 80,000-dwt unit is pushed back by six months.
Quotes of the week Thenamaris knows the medicine for getting over a depression and Peter G is asked the million dollar question.
Suardiaz linked to aframax sale Brokers say Spanish owner has offloaded 2003-built tanker Livia for $38m.
ABS pushes on to new record US class society's fleet reaches 162m gt as it wins 10m gt of new orders despite bleak 2009.
HMM blames forex loss Hyundai Merchant Marine points to huge swing in non-operating items for deficit and bashes crisis rumour.
Moody's backs PIL's record Ratings agency's first assessment of Singapore box line sees outlook stable at B1.
New5 in Numb3rs Chevron makes double newbuilding splash at Samsung Heavy Industries while Lindenau returns to the game with a fresh contract.
Dingo date for Shen Neng Crippled Chinese bulker to be shifted close to World Heritage site Fraser Island as weather halts port call.
Total takes Fredriksen rig Total UK will pay $488m to hire a Seadrill semi-submersible for three years from 2012.
Evergreen makes comeback Taiwanese container line's 2009 loss was $314m, but first quarter deficit only $2.77m, although costs remain problem.
Forth toasts Tilbury rise London-listed group says profit at key port improved considerably in the first quarter.
Investment losses hit Wan Hai Financials drag Taiwanese container line into the red for 2009, but operating result is positive.
Hanjin grabs $160m deal South Korean owner celebrates consecutive voyage contract with energy group which will keep a bulker busy until 2025.
Cosco Pacific wants $584m Hong Kong terminal player eyes share sale to fund purchase of Yantian stake from Maersk.
Collision sends man overboard Dutch fisherman plucked from North Sea after clash with cargoship.
China Cosco back in black Big turnaround at Hong Kong-listed shipowner as bulker and container markets blossom.
Courage cape set for scrap Hsu Chih Chien-led bulker owner set to make $400,000 on capesize owned for just one month.
Maersk targets Indian rise Danish container line goes for rate restoration from sub-continent to northern Europe and Med.
Losses grow at Daiichi Japanese bulker owner hit by fall in revenue for 2009, but expects to rebound this year.
Shinwa Naiko pushes up profit Japanese coastal bulker player enjoys stronger year to 31 March despite falling revenue.
Mercator fixes two ships Indian owner's Singapore-listed operation charters out Kamsarmax and panamax both for two years.
Inchcape shortlist drawn up Dubai World has reportedly drawn up a list of five potential buyers of port and shipping agent.
Drydocks gets back to work Chief executive Geoff Taylor says Batam yard hit by riot set to resume work Friday; no damage to projects.
Danish coaster flagged in Togo to cut travel expenses The Danish coaster Faxborg has been re-flagged to the flag of the African state of Togo with Lom' as port of registration. The re-flagging was done in order
More Odfjell vessels to NIS Odfjell has flagged the chemical tanker Bow Brasilia, built in 1997 and 5,870 DWT, and a 51.000-DWT newbuilding from South Korea in the Norwegian International Ship Register (NIS
Swedish tug to Finland The Finnish shipping company Rederi Ab Fakir has bought the tug Per from Svitzer Sverige AB. The 1972-built tug has a bollard pull of 33 tons. "The tug will
Maersk sells stake in container terminal A P Møller-Mærsk and a wholly owned subsidiary has agreed to sell their 13.7 per cent stake in Sigma Enterprises Ltd, which owns an interest in the Yantian
The oil has reached the coast of Louisiana Oil leaking from the well 1,500 metres under the sea in the Gulf of Mexico has reached the coast of Louisiana. The Governor of Louisiana, Bobby Jindal, has declared
Resupply costs pushing bunkers past $500 Fuel oil market firming narrowing discount of bunkers to crude.
Markets finish week firmer Gains in prices across the board.
Prices climbing across Europe 380 cSt material at $503.50 pmt in Gibraltar
Fujairah prices continue firming Healthy demand and avails in Durban.
Bunker industry faced with 'surge of new legislation' The sector has been set new policies but given 'few answers to the practical issues that arise from them.'
Damaged coal carrier in new row Australian legislator warns of 'potential environmental disaster'.
More vessels to use 'trimming technology' to cut bunker costs Hamburg Sud operator hopes to save $4 million in first year and reduce impact on the environment.
Bunker prices climbing in Asian hubs MDO prices in Tokyo Bay buck the trend.
Chemoil warns of net losses in Q1 'Continued' weak fuel oil margins affects business operations during the quarter, says CEO.
Seized vessel to be auctioned after bunker payment default US Court orders sale of AHL Shipping's chemical/products tanker Anasazi.
New consortium to develop next-generation marine energy systems SeEsa wants to help vessels optimise energy use while meeting 'legislative requirements and operational needs'.
Germanischer Lloyd highlights 'other' fuel-saving options Apart from main engine, shipowners can save 16% fuel with the hull optimisation technology, says senior manager.
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