Tough year ahead despite China demand China's expanding appetite for foreign iron ore, coal, and grains will not be enough to lift the world's maritime industry out of its doldrums as it faces a flood of new vessels next year.
Shanghai grants shipping licences to international shipbrokers The Shanghai government has granted trading licences to shipbrokers Braemar Shipping, Clarkson, and at least three other foreign firms, allowing them to trade in the local currency for the first time, Braemar's chief executive said yesterday.
Global container industry regains confidence: Hanjin Confidence has returned to the global container industry, a key indicator of world economic growth, with shipping demand expected to outpace supplies next year, a senior executive said yesterday.
PD Ports welcomes youngsters to its graduate training programme PD Ports recently welcomed four talented graduates to its team on Teesside. Gemma Holmes and Liam Callaghan are postgraduates who have completed their studies at Leeds Metropolitan...
Lehnkering taking over liquid bulk business in Hörstel from Nijhof-Wassink On 1 November Lehnkering took over the liquid bulk business for rubber-lined equipment in Hörstel (Germany) from Nijhof-Wassink. This division of the Dutch company's German subsidi...
K Line starting Honolulu service K Line is launching a connection between Asia and Honolulu HI (USA). The link offers slots on an existing service between Asia and the west coast of South America, operated by K Li...
MOL transporting medical supplies for non-profit organisation Mitsui OSK Lines Ltd is set to cooperate with the non-profit organisation PH Japan in the maritime transportation of medical and health supplies, including masks to prevent infecti...
Tiaca, Iata, Fiata and GSF to present single industry voice to regulatory authorities worldwide A letter of intent committing several trade associations to working towards the formation of an industry advisory group facilitated by Tiaca to ensure the air cargo industry has a ...
Norbert Dentressangle completes Schneider acquisition The French transport and logistics group Norbert Dentressangle has completed the acquisition of Schneider Logistics International's freight forwarding activity in the US and China....
DSV opens airfreight office in Rotterdam DSV Air and Sea has expanded its activities in the Netherlands by opening an airfreight office in Rotterdam. The company already has four air and sea freight offices in the Netherl...
Steder Group and Hansaeng combine power for Thai plant The Steder Group, a member of the Worldwide Project Consortium (WWPC) in the Netherlands, was awarded a contract to handle the logistics for a petrochemical plant in Thailand. All ...
Etihad celebrating seven years of service Etihad Airways, the Abu Dhabi-based national airline of the United Arab Emirates, celebrated its seventh anniversary on 5 November. Seven years of rapid growth have seen Etihad ope...
Logistics industry celebrates centenary of first air cargo flight The world's first commercial cargo flight was undertaken by US aviator Philip Orin Parmalee, who had worked with the Wright brothers, 100 years ago, on 7 November 1910. His 65 mile...
Panalpina I: corruption cases with US authorities resolved Panalpina has announced the final resolution of claims against it arising from an investigation by the US department of justice (DoJ) and the USA's Securities and Exchange Commissi...
Pirate human shields feared PIRATES might be using human shields in escalating their war against shipping
Ferry passengers stranded PASSENGERS are reportedly stuck today on a ferry off Scotland because of harsh weather
'K' Line adds Honolulu stop 'K' LINE is boosting its Trans-Pacific service from Asia by stopping in Honolulu on its route to the West Coast of South America
NAT primes for Olsen battle TANKER operator NAT is digging in for lengthy arbitration with Fred Olsen in their dispute over a Suezmax newbuilding
Offshore workers taken hostage GUNMEN have reportedly attacked an offshore rig and support vessel and taken five workers hostage off Nigeria
Dover board blasts rivals THE DOVER Harbour Board today accused a rival bidder to run the port of making "unrealistic and undeliverable" promises to win the concession
GE Shipping sees low tanker rates PROLONGED weak demand in Western countries, coupled with an increase in fleet supply, will put extra pressure on tanker rates, according to Great Eastern Shipping
Eagle Bulk soars high Sophocles Zoullas-led bulker owner triumphs in the third as revenue climbs 75%.
NATS mum on next move New York-listed tanker owner still has sights set on acquisitions but CEO Herbjorn Hansson is keeping cards close to his chest.
Fairstar oils bond press Oslo-listed heavylift owner on the brink of shooting $52m worth of notes into the bond market.
Chinese yard loses conversion appeal Guangzhou Dockyard fails in bid to appeal arbitration finding of fact in $69m VLCC to VLOC contract dispute.
Ship & Shore forges scrap deal Pakistan claws its way back into demolition game as Nigerian products tanker hits the breakers.
Stealth reels in fresh catch Harry Vafias-led StealthGas lands trio of time charters amid fanfare fuelled by rescue of four Chinese fisherman.
Saga Tankers 'optimistic' for 2011 Deeper than forecast cuts and delays to orderbook behind Oslo-listed owner's positive view, CEO explains.
Wilson injects $20m into terminal Chinese bank coughs up cash for equipment aimed at boosting capacity at port controlled by Brazilian shipowner.
Pirated Izumi on the offensive An NYK-managed ship in pirate hands leads attacks on warship and Torm tanker.
Offer costs Eidesvik $3.5m Reluctant takeover bid for Green Reefers chalks a few million off chairman Kristian Eidesvik's bank balance.
Exec quits Excel Maritime Chief operating officer Charalampos Mazarakis quits New York-listed bulker owner just months after his arrival.
NATS stays in the red in Q3 Herbjorn Hansson-led owner's third quarter dividend disappoints but its loss is in line with Wall Street forecasts.
HMM preparing bid for HEC Korean shipowner to form consortium to take stake in country's biggest builder.
Cargoship snags ferry's chains Cowes vessel put out of action after incident involving Norwegian ship off UK.
CSB clinches Savannah ferry North Carolina shipyard will deliver 149-passenger ship to Georgia next September.
Lauritzen Offshore IPO on cards Torben Janholt says Danish group looking to sell part of shuttle vessel and support ship business to boost investment.
Louis Dreyfus departs Fairstar French shipowner books decent profit on its shares as Asian investor takes a huge chunk of heavy-lift owner Fairstar.
Skuld moves into Lloyd's market Norwegian P&I club launches most significant diversification in long history as it becomes part of the London hull and energy market.
Turkey in talks over Cyprus ban Secret negotiations reportedly taking place with EU to end bar on port calls from Greek Cypriot vessels.
Songa follows Saga's lead Oslo-listed rig owner is the second Arne Blystad-led firm to report below consensus Q3 results today.
Zim opts out of Tincan Island Israeli container line raising $154m by selling its 47.5% stake in Nigerian box terminal.
Western India returns to profit India's biggest shiprepairer back to winning ways in second quarter after ABG takeover.
STXPO wins domestic CVCs STX Pan Ocean to ship steaming coal for compatriot Korean Southern Power in deals worth $300m.
Suspects walk free in Kenya Seventeen Somalis acquitted of attacking Greek-managed bulker Amira in May 2009.
HJH doubles up after death German manager insists on two watchkeepers after crewman killed by conveyor belt in UK.
Dockwise wants $100m for Semi Heavy-lift specialist plans rights issue to cover half the price tag of 'revolutionary' newbuilding.
Turkish tanker spills lube oil Slick from Kardeniz spreads 700 square metres at Kiel in Germany.
DP gears up for bond bonanza Dubai ports giant issues updated prospectus for $5bn debt offering to fund expansion.
Sailor dies after gas leak A Filipino crewman has died and another was injured aboard a general cargo vessel while in drydock.
Saga suffers in third Arne Blystad-led VLCC owner slumps to a loss on the back of collapse in tanker freight rates.
Shell sticks with Atwood Oil major extends charter of US-controlled semi-submersible drilling rig working off Malaysia.
South Korean yards in bribery scandal 15 executives at South Korean Yards have been arrested by the police on suspicion of taking bribes. 12 of the executives comes from Hyundai Samho Heavy Industries and three are
Norway supports IMO projects with USD 3 million IMO and the Norwegian Development Cooperation Agency (Norad) have signed an agreement according to which Norad will make USD 3 million available for projects "related to the protection of the
Small gains in Fujairah Two players have 'tight inventories' for distillates.
Bunker prices fall in Rotterdam Strong buying interest in Gibraltar.
'Bleak' future for operators who fail to consider alternative fuels More support for LNG as an alternative to residual bunker fuel.
NYK's 'latest green vessel' on maiden voyage Developments in engine design means smokeless operation and lower fuel consumption.
Gothenburg bunker players watching for changes Swedish business sold by Shell includes refinery that supplies LSFO and MGO to local bunker supplies.
High sulphur fuel oil could 'disappear' Changing markets could make refiners 'reassess' their residual conversion capacity, says consultancy.
IFO prices mostly down in Asia Demand for bunker fuel at key Asian ports mostly below average on Monday.
Asia to see 16% more fuel oil imports in December December figures similar to October estimates.
Brightoil eyes further expansion Taiwan, Greece, Japan and 'other countries' on company's radar, say company sources.
World facing shortage of LSFO supply African continent 'only one' with supply surplus as demand increases due to ECAs and sulphur regulations, says Petrobras market analyst.
Mass flowmeter 'natural progression' in measurement integrity Provides transparency, efficiency and traceability in the bunkering process, says ExxonMobil global head of marine fuel division.
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