MCA wants undercutting at Klang port curbed The Malaysian Trades Union Congress (MTUC) wants the Klang Port Authority to regulate the rates of the ancillary services to prevent undercutting by port operators.
Horizon Lines reports Q1 loss The net loss for Horizon Lines in Q1/2010 came to USD 13.2 million, on revenues of USD 286.1 million. This compares with a net loss of USD 10 million, on revenues of USD 272.4 mill...
New Charleston-Far East CSAV service March was the third straight month of year-over-year container volume increases for the port of Charleston (USA). Pier containers were up by 24% in March, compared to the same mont...
Leon Kr'usche to manage Sassnitz's Mukran incentive programme Leon Kr'usche has taken charge of the German ferry port of Sassnitz's so-called Mukran trade and industry incentive programme. He will focus on encouraging large and medium-sized e...
Kuehne + Nagel opens logistics facility near Bogota Kuehne + Nagel, a global full-service logistics provider based in Switzerland, has opened a state-of-the-art facility near the Colombian capital of Bogota, in order to expand its i...
New DSV terminal opened near Stuttgart The Brondby-based Danish global transport and logistics service provider DSV has invested substantially in its Schwieberdingen location near Stuttgart (Germany). Its solutions divi...
Aramex reports higher Q1 profits Aramex, a Dubai-based Emirati global express, freight and logistics service provider, has announced that net profits for the three months ending 31 March rose to AED 47.5 million, ...
Zufall sales down overall in 2009 The Zufall Logistics Group, a G'ttingen-based German firm, registered sales of EUR 219 million in financial 2009, a decline of 9.3% or EUR 22 million in comparison with last year. ...
EU transport ministers agree on volcanic ash limits The EU's transport ministers agreed to unified volcanic ash limits for air traffic on Tuesday, in order to prevent chaos breaking out again in European aviation. A unified European...
AF-KLM increasing cargo options The Franco-Dutch full-freighter operator AF-KL Cargo is adding a weekly MD-11F cargo connection from Amsterdam to San Jose (Costa Rica) tomorrow 7 May. AF-KL Cargo will also offer ...
RZD improves 13% in first four months The Russian railway RZD transported 380.3 million t of goods in the first four months of the year, which represents a plus of 12.9% in comparison with last year. Coal and coke (103...
Deepening of Germany's River Weser may start this year Emanuel Schiffer, a member of the board of the BLG Logistics Group, expects the deepening of the River Weser by 1 m, which is very important for the German port of Bremerhaven, to ...
AEI and Ancra to cooperate on freighter conversions Ancra International, a California-based provider of cargo handling and restraint systems, has been selected to provide Boeing B737-300 and B737-400 main deck cargo loading systems ...
Spill scrambles tanker rates THE OIL spill in the Gulf of Mexico is already playing havoc with tanker charter rates, according to a Houston-based tanker analyst
Transocean warning revealed UK SAFETY officials warned Transocean in 2006 about a defect in one of its rig's blowout preventers ' the same safety device being blamed in the Deepwater Horizon disaster
Russians kill pirate in rescue RUSSIA'S navy today freed the hijacked tanker Moscow University and killed or captured the pirates who boarded it yesterday
China-Japan dispute heats up CHINA and Japan have resumed snarling at each other about a disputed maritime boundary in the East China Sea, IHS Global Insight reported today
Poole makes a splash in Q1 THE UK PORT of Poole has increased its bulk carrying operation, the port's CEO told Fairplay
And the winner is... Pennsylvania-based Keystone Shipping forks over $1.2m at auction for arrested AHL products carrier.
Eagle keeps head above water Eagle Bulk Shipping emerged on top in the first but feathers are flying as profits plummet 73%.
Disaster sparks fixture frenzy BP charters offshore support vessels to aid effort to cap oil leak stemming from the wrecked drill rig Deepwater Horizon.
Paragon orders four more Fleet set to swell as Athens-based bulker outfit ups order and splashes cash four drybulk newbuildings.
Farstad in court victory Supreme court rules on fatal supply vessel fire but marathon legal dispute set to continue in Scottish and English courts.
Chouest to splash $190m Billionaire boss of Edison Chouest Offshore has reportedly shelled-out millions to snag a New Orleans-based basketball team.
'Not satisfactory' for Solvang Norwegian gas tanker owner sinks further into the red as freight rates and activity levels bite.
NewLead scores spot charter Nasdaq-listed shipowner says fresh fall fixture for a panamax bulker balances its chartering strategy.
US cruiseship attacked Greek Navy to the rescue as Panama-flagged liner The Oceanic comes under fire in Gulf of Aden.
Costs continue to hit Tankerska Operating expenses rising faster than revenue in 2010 for Croatian tanker owner.
Golden Ocean tipped to shine Oslo and Singapore listed bulker owner heading for a 50% rise in first quarter profit, analysts believe.
Bonus boost for Aker Floating Oslo-listed FPSO player pushed into profit by performance bonus in the first quarter.
Garware Offshore getting stronger Indian offshore owner boosts annual profit as revenues soar.
Sevmash suffering as losses widen Russian shipbuilder posts big deficit for 2009 and things will get worse if Odfjell wins compensation cash fight.
Hornbeck takes a beating New York-listed offshore player sees first quarter profit slump due to poor rates in the Gulf of Mexico.
Bulker drop hurts Cosco Corp Singapore-listed outfit sees first quarter profit dip as dry-cargo earnings tumble.
Shih Wei weaker again Taiwanese bulker player hit by falling investment income and higher costs in first quarter.
Tanker free after shoot-out Gun battle between Russian Navy and Somali pirates ends with hijacked Novoship tanker and crew freed.
TPC strikes death ship deal Korean bulker on which two men died cleared to leave New Zealand after agreement over crew's safety concerns.
Rieber returns to profit Sven Rong-led seismic and subsea player battles large write-down to post first-quarter black figure.
Up and down for MISC Malaysian owner posts weaker full-year result but fourth quarter stronger on LNG and offshore sales.
Navios share sale nets $92m Angeliki Frangou-led company reaches target in recent offering with over-allotments taken up.
Losing start for Deep Sea Supply John Fredriksen-controlled offshore owner sinks into the red in the first quarter as revenue tumbles.
Olsen gets Imarex top job Chief executive and finance roles merged as Geir Olsen lands full-time position at Norwegian derivatives player
Clean tankers still weak for Fisher UK owner points to recovery in many shipping sectors, but products carriers still struggling in spot market.
Wilson slices operating loss Improving market and lower costs help Oslo-listed owner to reduce its first quarter pre-tax loss.
Imarex sinks to loss Norwegian futures broker to concentrate on three business units as costs cut following quarterly reverse.
Excel falls short in first New York-listed bulker owner misses Wall Street forecasts despite improved revenue performance.
Aboitiz slips back as costs rise Philippines ferry owner posts first quarter loss as drydockings and bunker bills take their toll.
Anatoki freed after grounding Kiwi cargoship with controversial "false bow" refloated by fishing vessel in Golden Bay.
Olympic ferry farce for P&O New Dover-Calais ships renamed to avoid copyright clashes with Olympics brand.
Dockwise sinks to Q1 loss Dutch heavylift specialist makes a bad start to the year as vessel utilisation level slips to 71%.
Volcano chaos lifts Tallink Estonian ferry group continues to see jump in passenger and freight levels thanks to Iceland ash.
New Braemer box boss James Buck has been confirmed as the new head of containers following recent mass defections.
Star ties up two bulkers Akis Tsirigakis-led bulker outfit confirms new time charters for the Star Theta and the Star Ypsilon.
Two owners and eleven tankers to leave Torm pool D/S Torm has received the first notice of resignation from shipowners, participating in Torms LR1-pool. The Swedish owners Marinvest and Gotlandsbolaget AB have given three months notice and
Two Norwegian coasters sold for recycling at Esbjerg Two Norwegian coasters end their careers at the Danish recycler Smedegaarden, Esbjerg. The first one to arrive was the 765 DWT Linn Kristin, which was towed to Esbjerg from Karm'y
Odense takes over ro-ro under construction Odense Steel Shipyard has taken over a ro-ro ship under construction at the shipyard. Orginally Epic Shipping Group of London ordered the vessel. However, due to a dull market
Russian navy rescued hijacked tanker The Russian owned and Liberia registered Aframax tanker Moscow University, built 1999, that was hi-jacked Wednesday morning some 350 nautical miles East of Socotra, was rescued a day later
Swedish Coast Guard aircraft finds pirates This Wednesday, the Swedish Coast Guard aircraft KBV 503 detected a suspected pirate action group (PAG) with one mother ship and two skiffs, approximately 400 nautical miles Northwest off the
Major ports see prices slide MGO prices in Rotterdam plummet
Prices continue to fall NYMEX showing further losses in early trading.
Lawsuit against UK on sulphur directive still open European Commission initiated legal proceedings because UK, including Gibraltar, failed to implement directive in time.
Operator faces 'uncertainties' over bunker prices Philippines ferry owner Aboitiz says fuel costs are up by 50%.
Prices drop further in key ports Bunker prices in key ports softening further, Hong Kong and Busan see above average demand on Thursday.
IBC: Ship engines can 'run on anything' Ship diesel engines currently optimised for HSFO, but can be adapted to new fuels.
UN body accepts Australia's commitment to protecting reef Shen Neng 1 grounding highlights challenge of balancing nature and economic development.
Physical deliveries for first contract month 'a success' SGX completes physical loadings amounting to 13,100 mt for its April FO380 contract.
Singapore residual fuel stocks slump Residual fuel stocks at seven-week low while middle distillates rise.
Bunker oil partially removed from Alaskan wreck About a quarter of oil removed since pumping operations began last week.
New flow meter standard 'a milestone' for Singapore Government encourages the adoption of the new standard in September 2010.
China Q1 fuel oil exports surge 72% Amid growing demand for bonded bunker fuel, sources say.
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