Qatar keeping some LNG tankers idle Qatar, the world's biggest producer of liquefied natural gas, is idling at least eight tankers in the Gulf of Oman, as prices for year-end delivery exceed those for next month by 20 per cent, the widest margin since October.
MPA, DNV ink pact on maritime, clean tech research The Maritime and Port Authority of Singapore (MPA) will be working with DNV's Clean Technology Centre (CTC) on research in maritime environment and clean technologies.
SDV settles in Mayotte, "the island of fragrances" The French logistics service provider SDV (a brand of Bollor' Logistics) opened a new agency in Koungou in Mayotte, which will become a French overseas department in 2011. This cha...
DB Schenker inaugurates forwarding terminal in Zagreb The Croatian subsidiary of DB Schenker Logistics recently moved into a new forwarding facility in Zagreb. The terminal has 2,500 sqm of storage space, with a bonded warehouse ...
Wallenborn Group opens new office at Frankfurt airport The Wallenborn Group, a Luxembourg-based air-cargo trucking organization, has opened a new office at Frankfurt airport to spearhead its growth in Germany and support its strat...
Russian Railways reports growing freight business The volume of goods transported on Russia's rail network in the first five months of 2010 was 483.4 million t, representing a 12.9% increase over the same period last year. Accordi...
World Maritime University facing cash crisis WMU at risk of closure as funding forecast to shrink to $6m by the end of 2010
HSH Nordbank moves $11bn of problem loans
World Maritime University to host ballast water convention
Class reaches a turning point
South Africa ports backlog could last another six weeks Three-week long strike set to leave box terminals heavily congested weill into the...
South Africa ports facing disruption
Chronic oversupply threatens Asia-Europe box rates recovery HSBC warns of sluggish recovery as additional capacity floods into the sector
HSBC gives bleak outlook for boxes CSBC seeks higher price for Evergreen boxship order Shipbuilder says proposed price of $10,000 per teu is not enough to cover cost of...
Danaos nears finance rescue EMBATTLED boxship owner Danaos Corporation is close to bridging its financing gap, but has suffered a massive loss in its first quarter
Cyclone threatens Oman, India CYCLONE Phet has changed course and is moving towards Oman, but it is still likely to curve towards Pakistan and India, the Indian Meteorological Department said today
Ship freed but captain killed THE HIJACKED general cargo ship QSM Dubai was reportedly freed today by soldiers from Somalia's Puntland region after the ship's captain was killed by pirates
Finland-Caribbean odd couple ONE REGION is plunged into darkness by 1500 in the winter, while the other is bathed in sunshine while tourists sip rum cokctails on the beach most of the year round
Honduras plans cruise port DEVELOPERS have confirmed plans for Banana Coast at Trujillo Bay, Honduras's first mainland cruise port
French shipping fund launched FRENCH fund manager Ace Management has launched a fund to invest in small companies in the maritime and marine sectors
Seanergy posts slim profits RAPIDLY expanding Seanergy barely posted profits today as its first-quarter charter rates plunged
GC Rieber to cash in on subsea sale Sven Rong-led offshore outfit sells subsea support vessel to compatriot Oslo-listed owner in smoking hot S&P deal.
Who are shipping's top power players? TradeWinds takes a look at the industry's high profile entrepreneurs and very private owners to uncover who are really the most powerful players.
OSV exodus from Gulf on the horizon Analyst says US drilling ban could be extended beyond six months as floating assets retreat from the Gulf.
Colombian coal mine strike looming Dry-bulk analyst says Colombian thermal coal exports could come under pressure as miners plan wage war.
Daewoo Mangalia eyes $83m Eastern European shipyard venture lead by Korean powerhouse closes in on loan backed by Romanian government.
Seanergy suffers in first quarter Greek bulker player sees time charter rates fall as profit slashed back.
Tallink numbers resurgent Estonian ferry operator posts big jump in third quarter passenger figures.
Sovcomflot signs ice pact Russian owner and Korean yard Daewoo to bid for ice-breaking vessel contract for Sakhalin-1 field.
Denmark's Danena sells last vessel Aarhus-based group offloads remaining chemical tanker to Argentinian owner.
'Don't default due to ban' Hornbeck vows to fight any attempts to ditch term deals following US drilling memorandum.
STX Pan Ocean orders boxships Korean owner contracts two containerships for $50m to boost box business.
Austal bags Caribbean contract Australian shipbuilder wins repeat business from Guadeloupe owner for high-speed ro-pax and passengership.
Scorpio a buy at Fearnley Fonds Historically low ship values and an improving demand picture lead to positive rating for newly-listed product tanker outfit.
Happy year for Happy Day Greece's Excel Maritime charters out panamax to European player for $27,000 per day.
Cape indexes at year high SSY says both its Atlantic and Pacific Capesize Indexes have risen to levels not seen since December.
Tanker rushes to aid tug in trouble A tanker is dashing to help over 20 seafarers stuck in the path of a cyclone off Oman.
Final fling boosts Western India Big fourth quarter result boosts annual profit for India's biggest shiprepair yard.
Ningbo books bulker trio Shanghai-listed owner orders three shallow draft handysize bulkers at China Shipping Industry.
Hanjin wins $158m coal deal boost South Korean shipowner agrees second 15-year consecutive voyage contract with Korea Midland Power.
Labuan Ferry loses island monopoly Malaysian owner will have exclusive ro-ro deal scrapped due to customer dissatisfaction.
Vistamar detained over safety faults Italian-flagged cruise ship detained in Irish port over International Safety Management code deficiencies.
AAUS ups Asia Oz capacity Asia Australia US liner group to add a further string between Asia and Australia for the peak season.
Pirates killed when crew freed their vessel The crew on the 4,800-DWT dry cargo vessel Rim, built 1973, have succeeded to free their vessel from the pirates that hijacked it off Somalia in February this year
No newbuildings for Viking Line There will be no order from Viking Line for a newbuilding for the Turku''land'Stockholm route in this stage. Viking Line has announced that in so far none of
Herning Shipping shows red figures Danish Herning Shipping had a terrible year in 2009 and ended with a loss of EUR 16.2 million (DKK 120.5 million), compared to a profit of EUR 6
First M'rsk tanker switches to Bro-name The A P Møller-Mærsk owned tanker Nibe M'rsk is the first unit to switch name to fit in the Brostr'm fleet. The Nibe Mærsk is now sailing under the
Scandinavian co-operation aims to boost green shipping A three-year long co-operation project with 16 partners in Sweden, Norway and Denmark has received EUR 1.43 million in EU funding to develop marine environment technology, Green
Danena sells its last vessel The Danena Group, Aarhus, has sold its very last vessel ' the chemical tanker Anna Johanne. The buyer is the Uruguayan operator Agencia Maritima Dodero, Montevideo, which has taken over the
Extra slow steaming here to stay Sailing at 17 to 19 knots to benefit the environment and lessen the impact of potentially high fuel oil prices.
Stockpile report sends crude futures higher 'Supportive' numbers give early trading gain.
Prices bounce in major ports Markets head higher after cargo values increase.
Residual fuel 'not about to go away' Chemoil executive says fuel oil likely to remain a key element of global bunker market.
Investigations underway into explosion at bunker storage tank Iranian supplier says no serious disruption to bunker operations.
Singapore's stocks of fuel oil at 18-week low Onshore distillate stocks hit 13-month low.
Hong Kong sees 'rising' bunker demand Prices up across all key ports on Thursday.
MPA, DNV ink R&D agreement Begin several initiatives to 'protect and safeguard' marine environment.
Canadian firm to test CSNOx technology on Great Lakes First deployment of CSNOx technology in a freshwater environment, Ecospec says.
South Korea refineries at 'full capacity' in June Players still concerned about 'insufficient' supply for the spot market.
Firms win 'in principle' approval for Singapore license Chinese firm and Singapore-based trading firm must now meet pre-requisites of Singapore's bunker standards.
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