Somali pirates getting bolder SOMALI pirates on Wednesday hijacked a Comoran-flagged vessel as it headed to Tanzania from the Comoros with 29 sailors on board, the European Union anti- piracy mission said.
Dry bulk carrier rates to slip next week FREIGHT rates for large dry bulk carriers on key Asian routes are expected to fall next week on waning Chinese iron ore demand and ample tonnage in the Pacific.
Dutch ports to reward clean ships The ports of Amsterdam, Moerdijk, Dordrecht and Rotterdam will reward clean ocean-going vessels with port dues discounts with effect from 1 January 2011. Vessels that score well on...
Agrexco to switch reefer trade from Vado to S'te The Israeli fruit and vegetables specialist Agrexco Agricultural Export is set to switch its trades from the Vado Ligure reefer terminal to the new logistics hub for the Mediterran...
Launch of "NYK Altair" highlights NYK commitment to environment The recent launch of the "NYK Altair" highlights NYK's commitment to environment-friendly transportation options. NYK is pushing ahead with its JPY 70 billion, six-year i...
DailyFresh Logistics appoints Arjen Keijzer as director for Germany DailyFresh Logistics, a top European logistics provider for fresh produce, has appointed Arjen Keijzer as its new director for Germany. Keijzer has more than 20 years of experience...
Royal Mail reports decline in profit The operating profit of Britain's state-owned postal operator the Royal Mail Group fell in the first six months of financial 2010/11 (ending in September) to GBP 52 million - a yea...
Ceva Logistics renews partnership with Miele in Italy The logistics service provider and SCM specialist Ceva Logistics has signed a three year renewal, worth EUR 2.5 million per annum, with Miele in Italy, a manufacturer of household ...
FPS Sri Lanka and Bertling Logistics gearing up together Famous Pacific Shipping Lanka (Pvt) Ltd (FPS Lanka) and the company Bertling Logistics India are set to collaborate in order to offer comprehensive point-to-point project logistics...
Costamare limps into listing GREEK box ship lessor Costamare confirmed today that it has priced its IPO, but at a steep 25% discount
French unions ease off a bit FRANCE'S principal port union has eased its offensive against the government's port changes after winning assurances about early retirement provisions
Dongkuk takes Brazil stake SOUTH Korea's Dongkuk Steel has agreed to take a 30% stake in a steel slab mill that fellow Korean steelmaker POSCO plans with Vale in Fortaleza, Brazil
Gammon ups terminal stake MUMBAI'S port operator Gammon Infrastructure Projects has raised its stake in the Indira Container Terminal to 74% from 50%
Why not MSC Sophia, then? MSC CRUISES decided today to go glam with its cruise ship being built at STX France's Saint Nazaire yard ' now to be called MSC Divina after Sophia Loren
Drug stowaways convicted STOWAWAYS caught on a box ship in Savannah have been convicted of trying to smuggle $500M in heroin and cocaine into the US
Churchill wheat cargoes boom CHURCHILL on Hudson Bay has reported the second-busiest year for grain exports in this decade
Stolt snaps up seven tankers Norwegian owner does deals in Norway, Philippines and Japan to fill gap left by chemical carrier cancellations.
Dangerously unsafe Seatrade ship held UK safety inspectors castigate reefer that had a dozen deficiencies including an oily engine room.
Wan Hai profit goes higher Taiwanese container line rebounds into profit for the first nine months as revenue grows.
Costamare dips on NYSE debut Greek containership owner's stock quickly slips below IPO price on first day of New York trading.
Solvang's Q3 'unsatisfactory' Oslo-listed owner posts pre-tax loss in the third quarter as shipping division underperforms.
Premuda set for share sale Italian bulker and tanker owner to raise up to $50m to reduce leveraged debt.
Torm expects big rise in 2010 loss Weaker than forecast products carrier market set to drive Danish tanker owner deeper into red.
STX lines up $200m IPO Europe's largest shipbuilder will grab only half what it had wanted from a Singapore listing of its OSV division.
Spill spurs Hornbeck profit Gulf of Mexico clean-up effort helps power offshore shipowner to forecast-shattering third quarter numbers.
Giant port deal signed by Thais Thai construction company to build $8.6bn terminal and industrial centre in Myanmar.
Hit-and-run bulker caught off Taiwan Dubai vessel intercepted by Taiwanese patrol craft after 102-mile pursuit following incident involving fishing boat.
Sembcorp strong after settlement Singapore yard group pushes up profit partly thanks to final deal with French bank over forex row.
DVB Bank posts record numbers Wolfgang Driese-led bank plots return to pre-crash course after lucrative nine-month returns.
Costamare comes up short Greek containership owner's IPO pot will be almost $80m shy of its initial target.
Wilson on the way back Norwegian mini-bulker specialist turns around last year's losses as revenues grow.
Imarex still behind in profit race Leaner derivatives trader posts lower nine-month profit after traditionally quieter summer months.
Bank boost for tanker owner TEN JP Morgan upgrades shares in NYSE-listed company following brutal sell-off over the past week.
Losinjplov gains on lower costs Croatian bulker owner posts higher nine-month earnings thanks to reducing outgoings.
Boxes turn Hanjin back to black South Korean owner swings back into profit with stronger than forecast third quarter performance.
Q3 kinder to GC Rieber Shipping Norwegian offshore owner sees operating profit edge up thanks to cost cuts.
Bonheur better in third quarter Fred Olsen's shipping empire reports more profit over last three months as offshore drilling drives growth.
Hitachi Zosen expecting profit rise Japanese shipbuilder's half-year earnings fall, but it forecasts full-year growth.
SCI warned off yard deal Government worried Indian owner's plan to buy 15% shipyard stake could hurt its partial privatisation.
Norway's Aker posts bigger loss Owner of Aker Drilling hit by change in value of investments in first three quarters.
Gulf spill costs Transocean World's largest drilling rig operator sees third quarter profits almost cut in half due to Macondo fallout.
OOCL joins HK initiative Local container line operator becomes that latest to sign up to using low-sulphur fuels in Hong Kong.
Goldenport snaps up K Line boxship Paris Dragnis-led Greek owner raids Japan for 1988-built "high-spec" Clifton Bridge.
Bets on Baltic Trading pay off Spot strategy fuels dividends as Genco spin-off posts third quarter profit.
Stolt acquires seven tankers Stolt Tankers, wholly-owned subsidiary of Stolt-Nielsen, has acquired seven parcel tankers from different owners for a total amount of USD 255 million. Two of the tankers, on 37,437
STX Finland to cut jobs After the delivery of the Allure of the Seas the workload of STX Finland has decreased dramatically. To increase competitiveness STX Finland launches a vast cost-cutting program, which may
Greek classification society to Sweden The Greek classification society International Naval Surveys Bureau, I.N.S.B, has opened a regional office in Norrk'ping, Sweden, to serve the Baltic region as well as the Faroe Islands and Island
Hijacked tanker anchored off Somalia The hijacked Panama-flagged tanker Polar has been anchored in the vicinity of Hobyo, Somalia, the EU Navfor confirms. On the morning of October 30 the 72,825 DWT-tanker was
Fujairah sees strong IFO gains Good product availability in Suez.
Bunker prices climb in key hubs Buyers 'very keen' to secure stems in Gibraltar.
EU bunker fuel transport to be subjected to electronic filing system New online system replaces paper-based administration for vessels moving duty-suspended excise goods.
Petersburg Oil Terminal to boost capacity New oil product tanks for export purposes will raise overall capacity to about 400,000 cubic metres.
EU analysis highlights 'insufficient' compliance with sulphur limits SECA compliance best, but up to a quarter of MGO 'off-spec' and passenger ships ignoring 1.5% limit.
Singapore fuel oil stocks down 3.66% Western arbitrage arrival estimated for November lower than October levels.
Bunker prices continue uptrend Mixed demand at key Asian bunker ports, traders say.
Hong Kong government defends its control on sulphur emissions Current average 2.9% sulphur content of bunker fuel at Hong Kong port meets MARPOL requirements, says official.
New bunker traders join Dan Bunkering Two traders join bunker sales team in Middelfart.
Industry group encourages emissions trading for bunker industry Bunkering industry able to play 'intricate' role in reducing GHG.
Bunker unit eats into John Keells profit Bunkering business 'adversely affected' by volatile world oil prices, says group chairman.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
