China company in US$600m Venezuela port project Venezuela is refurbishing its main port, Puerto Cabello, with Chinese help at a cost of US$600 million after decades of under-investment and spurred on by a scandal over rotting food, officials said on Wednesday.
Surge in pirate attacks in South China Sea Seafarers have reported a surge in attacks by armed pirates in a South China Sea shipping lane, an international maritime watchdog said yesterday.
GAC acquires John Nurminen Navis Oy The GAC Group has strengthened its Baltic Sea region coverage with the amicable acquisition of leading Finnish ship agent, John Nurminen Navis Oy (JNN), a subsidiary of the John Nu...
MOL starts safety campaign The Japanese shipping company Mitsui OSK Lines (MOL) has launched its semi-annual safety campaign for all the vessels it operates. During the campaign, the company will make public...
New Travemünde-Helsingborg ro-ro service takes to the seas The port of Lübeck (Germany) welcomed the arrival of a new ro-ro service on 1 September. The new Travemünde and Helsingborg sailing, which is called SOL Continental Line, is operat...
M+R Spedag group scoops up India's PL Shipping & Logistics The M+R Spedag group, a family-managed global forwarding and logistics company based in Muttenz near Basel (Switzerland), took over the Indian forwarding and logistics co...
FedEx Express boosts services to benefit Chinese exports to Europe FedEx Express, a subsidiary of FedEx Corp and one of the world's largest express transport companies, has announced later pick-ups for all FedEx international low-value shipments b...
Norbert Dentressangle acquires Schneider Logistics' forwarding business The French transport and logistics service provider Norbert Dentressangle (ND) has made its first significant move into the US freight forwarding market by signing an agreemen...
Claus Aagaard named new global head of aid and relief at Damco Damco has appointed Claus Aagaard as its global head of the newly created aid and relief sector. He assumed his new duties on 1 September, and will be based ultimately in South Afr...
Frankfurt Airport expands cargo hub Frankfurt Airport (FRA/Germany), one of the most important airfreight hubs in Europe, is offering an additional 27 hectares of development land at CargoCity South. Fraport AG ' the...
Avianca continues to increase frequency of Mexico flights From tomorrow (3 September), Avianca is launching a third daily Bogota'Mexico City service, thus filling the void of Mexicana's ceased operation. The Colombian carrier Avianca alre...
JAL finally presents restructuring plan After a more than two-month delay, insolvent Japan Airlines (JAL) finally unveiled a restructuring plan on 31 August. According to the scheme, the workforce is to be cut back by on...
Another rig explodes off US AN EXPLOSION set an oil rig afire today in the Gulf of Mexico, the US Coast Guard told Fairplay
Wilmington awaits Earl HURRICANE Earl has again strengthened to a Category 4 storm as it closes in on Wilmington, North Carolina
Typhoon disrupts Korean ports TYPHOON Kompasu weakened to a tropical storm today after it made landfall in South Korea and passed over the capital Seoul
US wheat exports surge A MAJOR new contract to sell wheat to Egypt has underscored the growth in US seaborne agribulk trades, even as competitors suffer
Polish yard worker killed A SHIP repair worker, 59, was reportedly killed today at Poland's MSR yard in Swinoujscie
GAC boosts Baltic business FINLAND'S ship agency John Nurminen Navis told Fairplay today its acquisition by GAC was driven by the buyer's desire to push north to seek more lucrative oil and gas clients
Suez revenues rise 12.2% REVENUES for the Suez Canal has reportedly climbed 12.2% in this year's first eight months, from that period a year ago
Tanker grounds in Arctic Race on to refloat Canadian vessel stuck in Northwest Passage with two millions gallons of diesel onboard.
Crude confirms Shell fixtures Evangelos Marinakis-led shipowner seals suezmax deals with trading arm of oil giant.
Platform blast rocks US Gulf Mysterious OSV rushes to rescue 13 crew members from platform as offshore explosion fuels fire at Mariner Energy oil block.
Swee Joo in default Malaysian bulker and boxship owner in talks with banks after being unable to meet debt repayments.
Pride mends drillship pact Battle between BP and New York-listed drilling giant squashed as parties agree to amend vessel dayrate.
Swiss score for Frontline Tanker giant ties up three-year VLCC deal with Transcor Astra Group.
Wan Hai winning again Taiwanese boxship player continues to forge ahead in 2010 after dire previous year.
Stig Remoy pens Kleven pair Olympic Shipping rocks up at Norwegian yard with double order potentially worth over $120m.
Horizon yard lands $8.7m order US shipyard victorious in heated battle for a bite of government newbuilding deal.
Iranian volumes on the climb Ports handled 56.12m tonnes of cargo in the last five months, up more than 5%.
Capex fears draw BLT cuts Fitch follows S&P in cutting its ratings on Berlian Laju Tanker.
Yang Ming rings up profit Taiwanese container line turns around first-half losses as markets improve.
Tanker free after grounding Atlas ship refloats after hitting Horseback Shoal hard in St Lawrence, Canada.
Heavyweights in K-Sea splash First Reserve and Kayne Anderson inject cash into US tug and barge owner.
Vale 'mulls Malaysian port' Brazilian miner could call for an international tender for a $1bn port near Strait of Malacca.
GEMC finalises tanker targets New Taiwanese tanker venture aims to capture six VLCCs and a products carrier for $700m.
Banks back Ridgebury's IPO Ridgebury Tankers ups the ante as UBS and Wells Fargo join Jefferies and Bob Burke on $341m road to Wall Street.
MOL depreciates to accumulate Japanese owner reportedly extends LNG carrier depreciation period, boosting bottom line.
Dutch LNG plan scrapped Vopak and partners will not now build new terminal at Eemshaven following feasibility study.
River Princess finally going? Original owner of bulker aground off Goa for 10 years looks the favourite to take it away.
Ferries evacuate Carolina coast North Carolina will keep state ships running for residents until Hurricane Earl keeps them in port.
Olympic places order at Norwegian yard Olympic Shipping A/S orders a multi purpose vessel of Marin Teknikk MT 6015 design at Kleven Maritime, including an option of one more vessel. The contract value is NOK
Smyril Line uses Hirtshals as all-year port Smyril Line has signed an agreement with Fjord Line for the use of their terminal and land-based services at Hirtshals. It will be a permanent all-year port for
Rotterdam prices firm Price moves less uniform in other European ports.
Maersk Line reiterates commitment to slow steaming Says slow steaming 'remains a win-win-win situation' even when global shipping crisis comes to an end.
Prices weak in Fujairah NYMEX showing slight losses in early trading.
New 'bunker only' service in the Baltic Suppliers say Baltiysk is the only Russian port in the Baltic to offer this option.
Houston wins Clean Air Leadership Award Recognised as regional air quality leader for projects including voluntary air emission reduction programs from port activities.
Brightoil confirms Singapore oil storage lease Comments on its hiring policy saying more personnel may be needed from within the industry.
Vopak abandons plans for LNG terminal Feasibility study concludes there is 'no basis for a positive investment decision'.
Singapore onshore fuel oil stocks at 31-week low Onshore stocks of distillates reach three week high.
DNVPS appoints global sales and marketing manager Former regional manager John Gilligan says he empathises with operators working in an increasingly regulated environment.
Fuel oil spill could cost ship owners 'millions' Charge could be brought under Australia's Marine Pollution Act.
Bunker prices mainly firm Demand at key Asian ports mostly below average.
Tokyo bunker supplier welcomes new bunker trader To service clients in Far East Asia area.
New fuel saving antifoul coating promises easier application Saves over $450,000 in installation costs on a typical VLCC, says International Paint.
Typhoon halts bunkering operations at Chinese port Operations expect to resume within 1-2 days, a source from Chimbusco says.
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