Greek firms to get funding to buy China-made ships China's Premier Wen Jiabao has announced the creation of a US$5 billion fund to help finance the purchase of Chinese ships by Greek shipping companies.
IMO fails to strike deal on carbon emission cuts The International Maritime Organization (IMO) failed to reach agreement on proposals to cut carbon emissions from new ships, delegates said on Friday, adding that further talks would be held in March.
Brazil eases curbs on express imports Brazil plans to publish regulations this week to make it easier for companies and consumers to import goods by express shipment, said Otacilio Dantas Cartaxo, who runs the Federal Tax Service.
Gottwald reinforces its position in South Korea Gottwald Port Technology GmbH (Gottwald), a subsidiary of Demag Cranes AG, recently secured two orders for the delivery of three mobile harbour cranes to South Korea. The equ...
Staci establishes joint venture in Italy The French logistics company Staci recently gained a foothold in the Italian market by establishing a joint venture with its partner DPV, a Turin-based marketing firm. The JV, whic...
Kerry Logistics achieves HKQAA wine storage management systems certificate Kerry Logistics has received the Wine Storage Management Systems Certificate from the Hong Kong Quality Assurance Agency (HKQAA) ' a quality award for our excellence in wine storag...
Kühne Logistics University in Hamburg now open Kühne Logistics University (KLU), a newly-established, state-recognised university for logistics and company management, recently opened for teaching purposes. In the presence...
HHLA ends short-time work The Germany company Hamburger Hafen und Logistik AG (HHLA), which introduced short-time work on 1 July 2009, will end it on 1 November 2010, due to the continuing positive developm...
Port of Koper: handsome H/2010 profit of EUR 16.2 million The port of Koper (Slovenia) reported that its H1/2010 profit amounted to EUR 16.2 million, a 68% increase compared to the same period in 2009. Business revenues, amounting to EUR ...
TBS postpones debt payments TBS International will not make principal debt repayments for the next 45 days as it pursues its second restructuring in five months
Feds target US shipyard US prosecutors have alleged that California shipbuilder NASSCO broke environmental rules by installing non-compliant engines in commercial and military newbuilds
Diana back to buying DIANA Shipping has confirmed the purchase of a 2010-built post-Panamax bulker, resuming its previously announced consolidation push
Six crewmen freed in Cameroon SIX CREW taken hostage from two ships have been released in Cameroon, Jan De Nul said today
Teekay reveals new VLCC JV TEEKAY Tankers is pursuing its third secondary share offering in the past two years, and has confirmed a new VLCC joint venture
New Spanish death stirs protest A TUG'S crew member's death sparked union protests today at Ferrol, in northern Spain's Galicia region
Migrants intercepted off Spain A TOTAL of 173 migrants from north and west Africa were intercepted in several boats off Spain today
Austerity: a hair-shirt bridge too far? Joseph McNamara had his 15-minutes of fame on Wednesday: the 41-year-old drove a concrete mixer truck - emblazoned with the words 'Anglo Toxic Bank', and with a number plate reading 'bankrupt', up to the gates of the Irish parliament. The actions of a deranged individual, maybe; but hundreds of thousands of European austerity-suffering citizens protesting on the mid-week day of action felt empathy with the Co. Galway man.
China: exchange rate 'an excuse for protectionism'
Six hostages freed Crew of Jan de Nul and Ukrainian ships kidnapped off Cameroon last month freed in Nigeria.
Sinopec pens Brazilian alliance Wells Fargo says US-listed tanker players may bag a boost from Chinese energy giant's $7.1bn South American 'pre-salt' pact.
DOF banks bond bonus Oslo-listed offshore owner boosts firepower by $129m as Norwegian investors indulge in bond banquet.
Subsea 7 poised to pocket $250m Kristian Siem-led offshore outfit says it will pick "a number" of ships to work Total pipelay project.
Aussie player chases CSV deals Oceanteam CSV sails from Spainish yard to Australia as new operator inks flurry of fresh offshore contracts.
Diana Shipping admits bulker buy New York-listed owner confirms purchase of post-panamax resale in $40.8m deal.
Four boxships chopped at HHI Mystery European cans half of eight-unit boxship order at Korean yard as $425m cut from deal.
Carnival in Ibero warning Micky Arison-led cruise behemoth flags possible impact of poor Spanish economy but sees profit soar.
FreeSeas seals Nasdaq split Ion Varouxakis-led bulker player approves 1:5 reverse stock split as it battles to boost its share price.
Teekay Tankers chases $115m New York-listed owner taps investors to help pay down debt.
Margrete Laeso getting longer Danish ferry wins government grant for lengthening work to increase capacity.
Samho Dream 'near Socotra' Pirates still suspected of using hijacked VLCC as mothership as it reportedly heads back towards Somali coast.
New5 in Numb3rs ' Anniversary Edition Sammy Ofer sells laid-up box ships to Costamare while Skuld is making a splash at Lloyd's.
Quotes of the week The shipping industry gives Hsu Chih-Chien pins and needles while Bjorn Moller makes a seamless Teekay exit.
Ports merger off after quake Damage casued at Lyttelton calls halt to talks with port of Otago.
Halter to expand with grant US shipbuilder to start upgrade works after securing $8.4m in state cash.
TBS takes a breather Dublin-based bulker owner wins 45-day deferral of debt payments to reorganise finances in weak markets.
Gulmar and Omega end fuel fight Auction threat no longer hanging over Gulmar vessel after $1m dispute is resolved.
Dof adds another AHTS in Brazil Norwegian owner takes its Brazilian newbuilding tally to seven with latest AHTS order.
Veolia muscles in on Bergen French transport group challenges incumbent Hurtigruten for ferry contract to Kirkenes.
Cargoship gets helping hand Molo Trader taken in tow after losing steering in heavy seas off Norway.
Navios Acquisition raising $370m Greek company's new tanker venture selling more debt to pay off existing borrowings as fleet grows.
Sovcomflot eyes more NSR deals Russian owner in talks with Glencore, Lukoil and Rosneft over taking tankers through arctic ice to Asia.
Kenya axes piracy deals 'Threat to national security' and lack of aid throw pirate trials into crisis as Kenya pulls out.
Is speed killing your bottom line? Throttling back may have kept listed owners in the black in the third quarter, RS Platou says.
Wartsila builds Chinese base Finnish group investing EUR 12m in new propeller plant at Zhenjiang.
Nordic resurrecting boxship German shipbuilder hoping to finish and sell vessel cancelled by Laeisz Reederei in 2008.
Latvian seeks property protection Tanker owner begins out-of-court proceedings to stop collapse of real estate business LNI.
Lower rates for Far East trade Freight rates for container shipping from the Far East to Europe has fallen due to reduced demand, according to the French analyst Alphaliner. To reproduce maintain freight rates shipping companies
Norwegian tug back from Greenland The Norwegian owned tug Western Seqi has returned to Svendborg after two years of trading in Greenlandic waters. The tug is flying Danish flag and has been serving the mine
Malaysia ratifies ballast water convention One step closer to its entry into force as total number of parties increases to 27.
Local markets up as crude rally continues Week ends with another round of price increases.
MEPC 61 goes to overtime on GHG Debate on principles delays agreement on draft regulatory text.
Bunker numbers climb in key European ports Hamburg market 'quiet' as buyers hold off.
Sulphur regulations hit competitiveness Plans for reducing the sulphur content of marine fuel will trigger 'monumental cost increases' for sea transport.
Prices firm strongly in Middle East hub Distillate prices in Durban surge by $20.
U-turn on Caribbean ECA proposal US proposal allowed to go forward for adoption at next MEPC meeting.
Bunker dispute settled Supplier reported to have been paid.
IMO considers mandatory fuel quality control ISO 8217 standard alone 'does not guarantee' safety of ship and crew, call for quality control prior to delivery to ship.
Merger will increase 'business efficiency' Merger between Japanese bunker supplier and distributor takes effect on October 1.
Bunker prices continue to firm on bullish crude Slack demand across Asia's key bunker hubs.
LNG bunkers a 'more financially attractive' alternative Price of LNG 'one fourth to one third' the price of MGO, says DNV.
Switch to low sulphur fuel can 'damage' pump equipment Pump manufacturer reports 'clogging', 'sticking' and ' pump deterioration'.
Japan may face tight bunker supplies in October Local refineries to cut production of bunker supplies on scheduled turnaround, says local traders.
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