Baltic Dry Index extends longest drop since 2005 The Baltic Dry Index, a measure of commodity-shipping costs, extended its longest slump in five years on speculation Chinese steel mills are cutting imports of iron ore.
Ceva Logistics wins contract with BMW in Italy The logistics service provider and SCM specialist Ceva Logistics has signed a three year agreement with BMW Italia SpA for the operation of the new Dealer Metro Distribution Center...
Dachser building new logistics centre in Mannheim Dachser, a global logistics provider based in Germany, is rebuilding its branch in the Friedrichsfeld-West industrial estate in Mannheim. The official ground-breaking ceremony was ...
Raben Logistics Germany investing in Wuppertal Raben Logistics Germany, a member of the international transport and logistics company Raben Group, is constructing a new forwarding terminal on a 26,600 sqm tract of industrial la...
EU Commission starts legal proceedings against Germany The European Commission has decided to initiate legal proceedings against Germany and some other countries in the European Court of Justice. The EU claims that Germany has failed t...
Arrow Air ceasing scheduled service operations immediately Arrow Air Holdings Corp. (Arrow), operating under the trade name Arrow Cargo, a US all cargo air carrier operating out of Miami international airport FL, announced that it will cea...
CMA CGM launching new Morocco-Marseille reefer service The French shipping company CMA-CGM will launch a new weekly direct reefer container shipping service aimed at Moroccan fruit and vegetable exporters from Casablanca-Agad...
Iran sanctions fail to halt NITC charters London brokers continue to fix deals but one European energy company to consult legal advisers before chartering further ships
Iran considers IMO appeal over 'unfair' sanctions
Iran mulls IMO appeal over 'unfair sanctions'
Vale could use five capesize ships to store iron ore Brazil miner could use recently-chartered vessels to store as much as 885,000...
Vale's latest investment takes total to over...
Rickmers names 13,100 teu ships as container confidence grows Rickmers names four vessels, destined to join Maersk Line
Box sector heading for major round of...
Highest quarterly suezmax spot fixtures since 2008 Fixtures between April and June reach 404 voyages reported
Obama signs Iran sanctions SHIPPING companies linked to Iran refined products imports could be barred from US dollar currency transactions from today
US cruise safety law passed US CONGRESS has passed the Cruise Vessel Security and Safety Act of 2010 in response to incidents of passengers falling overboard and shipboard assaults
Russia relents on Kiev's chickens THE RUSSIAN government has reportedly dismantled import barriers for Ukrainian poultry
Eitzen sells ship management arm NORWAY'S Eitzen Maritime Services announced today that it has sold its ship management business in order to focus on ship supplies
Islands face box shortage THE GLOBAL shortage of container equipment is now affecting smaller liner trades in the Caribbean, spurring a peak season surcharge in the region
A Whale joins Gulf cleanup A TAIWANESE VLCC converted to an oil skimmer has a good chance of making a dent in the Gulf oil spill, according to National Incident Commander Thad Allen
Evergreen orders 10 box ships TAIWAN'S Evergreen Group today confirmed its order of ten 8000teu container vessels from South Korea's Samsung Heavy Industries
The double-dip express or a slow-steaming recovery? There is disagreement on the likelihood of a crippling second global slump. A double-dip recession would derail the recovery and stymie growth; potentially plunging the world into a 1930s-style depression and making the 2009 annus horilibus look like plain sailing for the shipping industry.
EMS sells ship managment arm Eitzen Maritime Services has sold off its shipmanagement business to Sanary of Bermuda.
Nordea boost for Stolt-Nielsen Norwegian bank places strong buy tag on shipowner following its bumper second quarter showing.
Owner spots silver lining to BP oil spill TMT's Nobu Sue sees opportunity for more VLCC sized pollution clean up vessels if A Whale passes US test.
NATS has cash to spend Herbjorn Hansson says New York-listed owner has the fire-power to pick up two more vessels without tapping shareholders.
Parry takes post at Globus Former Aries chief Jeff Parry lands non-executive director role at George Karageorgiou-led bulker owner.
Scorpio receives bosses' backing New York-listed tanker owner's CEO and president both buy 30,000 shares.
Slow-Steam Packet Company Isle of Man vessel running on three engines for next three weeks after fault found in fourth.
MSC closing but Maersk is still top AP Moller-Maersk holds onto its position as world's largest boxship player as Evergreen slips below APL and MOL outflanks NYK.
Quotes of the week Jester-in-chief Robert Bugbee shows his studs as he tackles Teekay and George Economou off the park.
USC in talks over Nordic Russian shipyard holding company could add former Wadan Yards to growing empire.
Gazprom signs in St Petersburg Russian energy giant agrees 10-year deal to build rigs and vessels at UIC's two yards.
Sydfynske wins Belt work Danish owner signs on until 2018 to run ro-ros between Langeland and Lolland.
Ferry furore in North Carolina New boss sacked after he made claims of waste and nepotism at US' second-biggest ferry company.
New5 in Numb3rs Craig Stevenson gets a heavyweight partner in Glencore while the insurance market shows no ill effects after Deepwater Horizon tragedy.
Forex gain lifts Russia's NCSP Black Sea port group sees quarterly profit soar on better foreign exchange items while revenues also grow.
Bank wins China go-ahead Norwegian ship finance bank DnB NOR says it has been awarded a Renminbi currency licence.
Ugland pens supramax order Norwegian owner picks up yet another bulker at Tsuneishi's Chinese yard with $33m price tag.
Evergreen comes clean Bronson Hsieh confirms to TradeWinds that Taiwan owner has ordered containerships at Samsung.
Samsung signs tanker deal Korean yard enjoys another newbuilding rush as two Asian owners spend $670m.
Jitendran in at Pipavav Indian yard brings in former Cochin Shipyard boss and navy commodore as new CEO.
Nkossa deal extended SBM Offshore says charterers of LPG FSO have lengthened fixtures tenure by up to 10 years.
Evergreen starts box binge Taiwanese shipowner said to be a third of the way through its planned 100 ship order plan.
Siemens eyes A2Sea stake German engineering giant takes 49% stake Danish wind and wave farm installation vessel owner.
Evergreen linked to STX Korean yard likely to be third piece in Taiwanese owner's huge newbuilding jigsaw.
Carnival ship loses power Fascination delayed by technical problem as it returns to Jacksonville in the US.
Keel laying on the first Scandlines newbuildings Scandlines has held a keel lying ceremony for their two first newbuildings ever. It took place at P+S Werften G.m.b.H (former Volkswerft Stralsund) which builds the two double ended
Siemens buys a large stake in A2SEA The wind turbine producer Siemens takes over 49 per cent of the shares in A2SEA from the Danish energy giant DONG Energy. A2SEA has around 200 employees and a fleet
Bunker prices quick to move lower Weaker fundamentals allowing prices to slide to low levels.
Friday sees further price drops Lower numbers as crude approaches $72.
Ireland issues advice on sulphur regulations Says 'all those concerned with shipping and the supply of marine fuel oil should be aware of, and fully implement, the requirements'.
Prices tumble across the board NYMEX showing further losses in early trading Friday.
Markets fall for fourth day NYMEX showing further losses in early trading.
Abu Dhabi to ban single hull tankers Only double hulled vessels will be allowed entry to oil loading ports.
Chile's bunker market recovers from quake 2010 bunker sales likely to be 'similar or better' than 2009 volumes.
FOBAS debunks ISO 8217:2010 claims Most fuels in the market today would meet revised standard, no 'entry into force' date as adoption is voluntary.
IBIA certifies first Bunker Graduates Bunker Cargo Officer Course has been developed in consultation with the MPA.
Supplier 'suspends' offshore deliveries in Fujairah Reports say ENOC has told customers that it is 'temporarily' pulling out.
Key ports end week largely soft Demand 'above average' in Hong Kong, traders say.
Bunker Holding posts profit in 'crisis' year Retains volume and increase its market share in the fiscal year 2009/2010, says Vice CEO.
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