Cruise industry sails into pricier territory If you are planning a cruise vacation in 2010, get ready for higher prices, better entertainment, water parks and one of the most innovative concepts to come along in awhile
Augustin Network takes over Logwin division and becomes East European partner The Austrian service provider Augustin recently announced that it has taken over Logwin's Eastern European road and rail activities, as well as the latter's general cargo netw...
South Africa sticks with Cape gauge size Chris Wells, the acting head of the state owned transport operator Transnet, has led a discussion with the South African parliament's portfolio committee on communications abo...
Scania reports net sales decrease of 30% The Swedish truck maker Scania AB reported a 30% decrease in net sales to SEK 62.74 million (EUR 6.22 million) in 2009. The operating income fell to SEK 2.473 million from SEK 1251...
British government wants to ban HGVs from fast lanes The British government is considering a law change to prohibit HGVs from using the fast lanes of motorways and restricting their speed to 65mph. "We want to provide clarity fo...
European Commission receives complaint against Polish authorities The Independent Rail Operators Federation has lodged a complaint against Polish authorities with the European Commission. The trade body alleges that the Polish government granted ...
The worst year ever for French seaports Jean-Luc Vialla, the new chairman of the port of Dunkirk's supervisory board, recently declared that "2009 was a bad year for us." His statement reflected what almos...
Basel's inland ports suffering from lack of space Switzerland's inland ports on the River Rhine in Basel are suffering from a dramatic shortage of space for handling operations. In Kleinh'ningen (a suburb of Basel), the port ...
Gondrand group changes management in corporate finance division Gondrand, a transport and logistics group based in Basel (Switzerland), assigned the position of chief financial officer to St'phanie Fontugne, with effect from 1 Fe...
Capital injection for CMA CGM The French shipping company CMA CGM Sannounced that a consortium of banks have signed an agreement to release USD 80 million in financing to the group on 2 February "This financing...
Shipping shares tumble SHIPPING stocks were dragged down Thursday in a market-wide sell-off spurred by concerns over sovereign debt and unemployment
Aker signs deal with Spain NORWAY'S Aker Solutions told Fairplay today it has signed a $20M contract with Spain's oil company Repsol Investigaciones Petroliferas
Fish 1, FPSO 0 TOTAL'S tanker loading at Angola's Girassol offshore oilfield returned to normal today after an FPSO crossed swords with a fish and lost
Dockwise urges naval escorts VESSELS unable to keep up with convoys to evade Gulf of Aden pirates should be escorted by naval ships, a senior Dockwise officer told Fairplay today
US salvor warns of rate rise A US SALVOR has said any extra costs caused by a review of OPA-90 regulations will have to be passed on to vessel operators
Franklin's slice Mutual fund manager Franklin Resources reveals 5% stake in Overseas Shipholding Group.
Capex sued Coal trader Bulk Trading secures arrest order for Capex Europe cargo at Louisiana's United Bulk Terminals in $8m FFA dispute.
Tender interest US-listed driller Transocean Ltd eying participation in Petrobras' tenders for 28 newbuilding rigs and drillships.
TK forecast hiked Deutsche Bank analyst cuts fourth-quarter estimates for Teekay Corp but increases forecasts for 2010 and 2011.
Firm gets out Arbitrage player Highbridge Capital Management holds a 0.1% slice of Trico Marine after formerly holding sizeable stake in warrants and bonds.
Ethiopian evades US Navy boards suspected pirate skiffs after apparent attempt to hijack the general cargoship Andinet.
$30m for cape Restis Group helps Nasdaq-listed Seanergy grab cash to fund capesize addition.
$118m for Swiber Raymond Goh-led owner's offshore vessels to go to work in South Asia in EPCIC gig.
Signal closes Marine fabricator finalises deal to buy Bender Shipbuilding & Repair's Mobile yard.
Costly kidnapping Crew seizure that led to Teekay suezmax failing to load Nigerian crude cargo costs Transworld $8.7m.
Plus to minus Lazard Capital Markets tips Teekay Corp to post red ink in the fourth quarter.
Floaters sparkle Houston-based rig and drillship owner Diamond Offshore sees quarterly profits fall but deepwater floater revenues improve.
Bulky losses Croatian owner Atlantska Plovidba turns in 2009 loss as markets go sour.
Brief encounter Norwegian cargoship quickly refloated after going aground at port of Andenes.
Loan bind Malaysia's MMM could be held back on tanker purchase by worries over debt rating.
Big guns buy Otto Marine bags $70m from private placement ' helped by former Labroy Marine owner Tan Boy Tee.
'Options still open' Ulf Ryder denies Stena Bulk has declared two suezmax options at Samsung but is likely to before extended deadline.
Hong Kong King Additional $5bn keeps Li Ka-shing top of Hong Kong's rich list with six other shipping names in the top 40.
'Illegal detention' Dubai-based owner accuses Somaliland Port Authority of ignoring a court order to free arrested ship.
HHI's order pain World's largest shipyard books new shipbuilding deals worth only $444m in 2009.
Mols bid Danish tycoon Karsten Ree linked to offer to buy ferry owner Mols-Linien.
Tug charges Two US men face charges of criminal mischief over alleged scuttling of historic Mary Woods 2.
Cargoship seized North Korean vessel held in Ukraine on suspicion of smuggling weapons and drugs.
Double dent Two Norwegian ferries have bashed into quaysides within the last week.
Hedge fund sells Massachusetts Financial Services slices its holding in Royal Caribbean Cruise Lines.
Hanjin posts loss Korean liner and bulker outfit Hanjin Shipping sinks into red on weaker rates but eyes black in 2010.
SMM Brazil bound Singapore group to build a huge new facility in Brazil to cater to the local oil and gas industry.
STX goes heavy South Korean shipowner STX Pan Ocean set to target heavylift sector, with a particular eye on the Middle East.
HHLA boxes slide Hamburger Hafen, operator of Germany's flagship container port, sees throughput down 33%.
Ship boost Japanese shipyard group MHI says nine-month earnings from vessels improves, but other sectors weaken.
TNK ups divi Shareholders in Teekay spin-off Teekay Tankers can expect a higher dividend in the fourth quarter.
Tamai still red Japanese owner eyes return to profit for the full-year but nine-month earnings still down.
A fishy tale Total's Girassol crude shipments halted in Angola after swordfish puncture pipe.
Into the Black CSAV Norasia launches feeder service from Istanbul to Black Sea ports in Russia and Georgia.
Upbeat on NOL Singapore analysts continue to turn more positive on the world's fifth-largest liner company.
North Korean vessel hijacked off Somalia The North Korean-flagged cargo ship M/V Rim was hijacked in the Gulf of Aden yesterday morning. The hijacking took place north of the internationally recommended transit corridor (IRTC
Double digit losses in Rotterdam Losses of more than $3 seen on NYMEX in early trading.
Bunker spill report 'ready by end of the month' California attorneys will decide whether to pursue civil or criminal action.
Middle East hub sees losses Average avails and demand in Fujairah.
Statoil considers IPO for fuel retail business Says unit's growth and further development 'will be best achieved' as an independent company.
Product and personnel changes at Statoil Lowers MGO sulphur content, trader leaving bunker department.
Environmental targets will 'define the future of shipping' Industry still 'needs a strategy for reducing emissions', despite failure of COP 15.
India and China compete in Africa for oil India needs to learn from China's success in dealing with Africa.
Aegean sets the record straight Company says founder has been 'fully acquitted and cleared' - continuing proceedings relate to old Greek civil customs claims.
Bunker prices falling in Asia ports Weaker prices erase mid-week gains.
O.W. Bunker announces another appointment in Hong Kong Company says it is 'critical that O.W. Bunker continues its growth' in the region.
Singapore residual fuel stocks at 7-week high
Asia's March fuel oil cargoes swell Falling rates, high European inventory contribute to volumes.
East China fuel stocks dip on steady bonded demand Inventories down a considerable 33% from week-ago levels.
India's Vinergy eyes dominance in northeast Africa More convenient services for ships near strategic shipping lanes.
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