Oil spill may lead to demise of some firms The oil gushing unchecked from an undersea well in the Gulf of Mexico could permanently scar coastal lands and bring down some of the energy companies tied to the accident if efforts to control the spill are unsuccessful, experts said on Tuesday.
New Orleans port sees smooth sailing The main shipping entrance to the Mississippi River has not been affected by the spreading Gulf of Mexico oil spill and should remain open to navigation at least into today, the Port of New Orleans said on Tuesday.
France's CMA expects restructuring deal within weeks The Saade family that controls French shipping company CMA CGM is in talks with investors about a capital increase of US$300 million to US$500 million, a newspaper report said.
TNT posts greatly improved Q1/2010 results TNT, the Dutch express and mail operator based in Amsterdam, reported that its Q1/2010 revenues increased to EUR 2.747 billion, 12.4% more than the EUR 2.747 billion in the like-fo...
Kuehne + Nagel manages inbound supply chain for Ripley in Chile Ripley, one of Chile's top retailers of apparel, accessories and home products, has chosen Kuehne + Nagel as provider for their global order management. Under the agreement, Kuehne...
Grindrod SA acquires Fuelogic in South Africa The South African logistics service provider Grindrod SA has acquired 100% of the issued share capital of Fuelogic from Arrowbulk Carriers, Ukhamba Holdings, Calulo Petrochemicals ...
Grand Alliance: new Asia service via Hamburg The Grand Alliance (Hapag-Lloyd, NYK and OOCL) is again offering four Far East ' North America services via Hamburg, starting with the arrival in Hamburg of the first vessel, the 6...
Hamburg Süd increases rates in Europe'South America east coast trade The German shipping company Hamburg Süd said that the freight rates in the trade from Europe to South America east coast have fallen to a rock bottom due to overcapacity resul...
Arkas to buy pair of 2,500 teu vessels Turkey's Arkas Holding has bought two 2,500 teu resales from Volkswerft Stralsund in Germany. The sales price was not officially announced but according to brokers each vessel cost...
Hupac emerges from the economic crisis in good shape The Swiss combined transport operator Hupac achieved a positive annual result in 2009 despite a slump in traffic and turnover. In the crisis year 2009, the volumes in Hupac's pan-E...
US airlines merge and become "United Continentals" The executive committees of the US carriers United and Continental Airlines officially announced that their two companies tied the knot on 3 May. The new service provider...
Volcanic ash results in occasional closure of British airspace And ash is still pouring out... The volcano under the Eyjafjalla glacier in Iceland is still pouring out ash that is a danger for air traffic in Europe. The Irish (IAA) and the Bri...
Report states Hahn is an alternative to Frankfurt for night flights Frankfurt-Hahn airport (Germany) is an alternative for cargo operations at night should night flights be restricted at Frankfurt Rhein-Main airport. This is the result of repo...
New Century shelves IPO CHINA'S New Century Shipbuilding has cancelled a planned $483M IPO on the Singapore Stock Exchange, just weeks ahead of the listing date
Galp holds out against workers PORTUGAL'S Galp expressed defiance today after its refinery workers revealed plans to stage another strike next month
Fire disrupts cruise project STX EUROPE told Fairplay today that it is unsure whether it will be able to deliver Norwegian Cruise Line's Norwegian Epic next month as planned after a fire on board
Obama drilling reversal hinted PRESIDENT Obama could abandon his initiative to open large areas of US coastline to oil exploration if the Deepwater Horizon spill causes widespread damage, according to his press secretary
Torm counts the defections DENMARK'S listed Danish product tanker and drybulk company D/S Torm has lost two pool partners and 11 ships
Samsung's profits rocket SAMSUNG HI in South Korea has reported rocketed profits during first quarter
BDI firms as China holiday ends THE BALTIC Dry Index strengthened today amid rises in freight rates for all vessel classes
Engineer pleads guilty US Department of Justice scores another win in as crewman from a Greek chemical carrier admits role in 'magic pipe' scheme.
Owner mum on 'magic pipe' Connecticut-based TransAtlantic Lines is silent amid allegations of imprisoning an engineer onboard a containership.
'Dismissed with prejudice' Federal court in Puerto Rico drops antitrust action aimed at unseating US barge giant Trailer Bridge.
Hope for Novoship crew? Master of hijacked tanker Moscow University manages to inform owner crew are locked in engine room.
ACP cleans up small spill Hanjin Monaco boxship leaks 35 barrels of oil in Panama Canal after hitting floodgate.
'Banks losing patience' Distressed sale window will open soon for tanker buyers as lenders begin to pull the plug, analyst says.
Eagle Bulk in handy sale Nasdaq-listed owner said to have collected $22m after offloading handymax.
Chemical leak deemed safe Hazardous materials experts empty two containers spilling white powder from APL Tennessee in LA.
StealthGas sells LPG unit Nasdaq-listed owner records small loss after offloading the Gas Prodigy.
Fund ups Freeseas holding Newland Capital Management boosts its stake in Ion Varouxakis-led Freeseas.
Novoship tanker hijacked Russian aframax Moscow University seized by Somali pirates while STX bulker and UAE tanker escape.
Zim in talks over sell-offs Israeli container line ready to improve balance sheet by offloading stakes in marine service companies.
'Dyvi deal just the start' Lars Solbakken says "merger" of Eidsiva Rederi and Dyvi Shipping is the beginning not the extent of the listed owner's growth plan.
Merwede makes South African play Dutch shipbuilder buys Cape Town marine diamond mining equipment specialist MMP.
Petrobras fills phase one Brazilian oil behemoth grabs seven product tankers on 15-year deals to complete the first part of the EBN programme.
U-Ming growing profit again First quarter much stronger for Taiwanese bulker player as revenues rise.
Price rise cools bulker sales Buyers' appetite for dry-bulk vessels halted momentarily by higher price tags, report says.
CMA CGM deal 'in weeks' Beleaguered Jacques Saade-led liner behemoth sounds positive note on financial restructuring plans.
Did error sink New Century IPO? Failure to disclose newbuilding contract cancellation may have sunk Singapore listing, reports suggest.
German boxship hard aground Thien & Heyenga's Stadt Hannover stuck on sandbar north of Nassau in Caribbean.
Bourbon revenues steady Booming bulker market and larger fleet negate waning offshore revenues at French owner.
New Century cans IPO Chinese shipbuilder opts to pull Singapore listing plans on concerns over global economy.
MISC set for "phenomenal" re-rating Analyst upgrades Malaysian shipowner to "buy" on recovery in tanker rates and offshore yard spin-off.
Fire hits NCL newbuilding Investigation begins into cause of blaze on Norwegian Epic at STX Europe yard in France.
Vartdal joins Golden Ocean Fredriksen bulker company names new CFO after Birgitte Ringstad Vartdal joins from Torvald Klaveness.
Ezra set to raise $100m Singapore offshore vessel operator opts for conventional debt in latest round of fund raising.
Dockwise adds to order backlog Heavy lift vessel operator ties up another $65m worth of transport and installation contracts.
CCI plots network expansion Indian logistics player will spend $670m on building 25 more container-rail terminals.
Clean-up after Full City accident soon finished The Full City oil clean-up operation in the county of Vestfold, Norway, will be finished by the end of this week. However, the clean-up operation in the county
BP turns to Norway for help The oil company BP has turned to the Norwegian Clean Seas Association for Operating Companies, NOFO, for help to clean up the oil in the Gulf of Mexico. NOFO will
Vancouver bunkering affected by Alaskan taxes As the cruise season begins the numbers aren't looking good, but things are looking up for 2011.
Inventory data causes big crude dip Prices briefly under $80 per barrel as markets caught by surprise.
WWF: No room for HFO in sustainable future Urges shipping industry to be 'part of the solution' to ensure sustainable scenarios as world population grows.
New Zealand considers delaying emission trading scheme Coastal shipping could face increased costs when scheme goes ahead.
Prices mainly falling across Europe NYMEX showing further losses in early trading.
IFO prices plummet in Fujairah Tight barge schedules in Durban end of next week.
Crude suffers pullback Watch for further weakening due to increased inventories.
Del Monte absorbs rise in bunker prices Bunker costs climb by more than 60% but freight costs see only small increase.
IBC: Shipping can do better on emissions 10% cut in CO2 'easy', cleaner fuels desirable, says President of Norwegian Shipowners' Association.
World currency unit to be used for bunker trades Bunker fuel to be the first physical commodity in the world to be priced in Wocus.
Double-digit plunge at key ports Prices dip across all bunker products in Singapore, Hong Kong.
Sharp drop in South China's April fuel oil imports Estimated to have dropped by a quarter from March and by half from last year.
WFS sees 31% increase in net profit But gross profit from bunker sales falls 16%.
Bominflot takes new staff in Houston
KPC sells 380 cSt cargo into Singapore 80,000 tonne fuel oil parcel to load in late May in Kuwait.
Rising bunker prices 'a concern' Rising bunker costs may hamper Odfjell's efforts to return to profitability in Q2.
ICS/ISF: Shipping not a 'cash cow' MBIs should not to be used as source of revenue for governments or as compensating tool for other industry sectors.
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