Oil products stored in tankers at sea fall The volume of refined oil products held on tankers at sea has fallen in recent weeks and is likely to put more pressure on the clean tanker market already struggling with supply worries, analysts said on Tuesday.
Tianjin becomes homeport to cruise ships Tianjin Port in north China will open to international cruise ships for refuelling and maintenance in June this year, the port operator said yesterday.
Somali pirates free Panamanian-flagged ship Somali pirates said on Tuesday they have released a Panamanian-flagged ship and its mostly Indian crew of 26 after receiving a ransom of US$3.1 million.
P&O Ferrymasters is new partner in Logistics World Alliance The Logistics World Alliance (LWA), which is a network of strong European service providers, has welcomed a new partner into its ranks. P&O Ferrymasters joined the alliance on ...
SmartWay Logistics to manage Kimberly-Clark Europe's shipments Kimberly-Clark Europe and SmartWay Logistics have signed a long-term contract for transport management services. Kimberly-Clark is a leading global company and an indispe...
Emirates stops road construction and plans double-decker trucks The Dubai (UAE)-based airline Emirates has decided not build a road linking Dubai's two airports. Instead, Emirates SkyCargo will deploy double-decker trucks to transport...
JAL to choose partnership within Oneworld Japan Airlines (JAL) has decided to strengthen its partnership with American Airlines (AA). The carriers, both members of the Oneworld alliance, will jointly apply to the...
LAN starts new year with strong cargo surge LAN Airlines SA and its subsidiaries, one of the leading airlines in Latin America, has reported this year's first preliminary monthly traffic statistics. Cargo traffic shot up by ...
UPS starts pilot furlough process UPS plans to furlough at least 300 of its airline pilots, but is continuing its efforts to find a solution with the pilots' union that would avert or mitigate the layoffs...
World's largest cargo aircraft in Fairbanks The world's largest commercial cargo aircraft, the Ukrainian-registered Antonov AN225, stopped at Fairbanks international airport in Alaska (USA) on Tuesday at 10.00 in t...
Iata World Cargo Symposium 2010, Vancouver, 8-11 March 2010 The International Air Transport Association (Iata) is holding its World Cargo Symposium in Vancouver (Canada) from 8-11 March 2010. The theme this year focuses on what it will take...
Famous Pacific Shipping names business development manager for USA-New Zealand trade Famous Pacific Shipping (NZ) Ltd in Auckland (New Zealand) has appointed George Dobovanszky as business development manager with a focus on the development of the freight forw...
China's trade roars back CHINESE imports rocketed 85.5% in January, compared with that month of 2009, IHS Global Insight reported today
Distress pool falls short THE PRIVATE equity component of Diana Shipping's distressed box ship venture has obtained significantly lower commitments than hoped
New Asia/Europe loops seen THE SCARCITY of container slots in the Far East/Europe trade is likely to ease in coming weeks, agency sources have told Fairplay
Shipping banks see more lending SHIPPING banks say they see potential for new loans in 2010, but capacity will remain constrained and relatively costly
US wholesale rise aids carriers SALES AT US merchant wholesalers increased for the eighth month in a row in December, in what might be the start of an export bump for ports and carriers
Statoil: more quality needed NORWAY'S Statoil today said offshore projects will have to meet new quality and cost-efficient requirements to remain competitive
Spanish port discounts quashed THE EUROPEAN Court of Justice has ruled against Spain's port tariff discounts for operators running services to Spanish islands and North Africa
Kayne takes more Investment firm Kayne Anderson now holds nearly 11% of Nasdaq-listed Capital Product Partners.
Let us prosecute Committee of unsecured creditors, including two shipowners, asks judge for authorisation to pursue fiduciary duty claims against Bender Shipbuilding execs.
Venture in doubt Palios-led Diana Shipping's containership foray said to be likely to fall through as company raises less than half of funds target.
Tanker arrested US-listed OceanFreight secures attachment order for the Montiron after Zacchello-affiliated company allegedly stops paying Pierre charter.
Safe is 'solid' Analyst says Safe Bulkers has minimal debt needs to finance its newbuilding commitments.
Solvang cuts divi Market uncertainty and "unsatisfactory" return from shipping activities leads Norwegian gasship owner to axe dividends.
Croats curtailed Bulker owner Uljanik Plovidba sees 2009 profit cut as costs increased.
Yard deal done Bergen Group completes sale of Swedish hull yard for small profit.
Alushta burned Russian cruise vessel badly damaged in fire at repair yard; one man in intensive care.
Japan holds 20 Escobal bulker and Medstar containership on detention list for January.
Rio four face trial China alleges held Rio Tinto staff caused "serious consequences" for steel firms as court date imminent.
Bourbon lower French shipowner sees income slip by just over 10% on weaker performance at both bulkers and offshore.
Sevan sinks Norwegian offshore owner posts larger full-year loss as foreign exchange reverse devours higher sales.
Naikai unchanged Sales soar a third but nine-month profit remains steady at Japanese shipbuilder Naikai Zosen.
Burgas bump Russian cargoship dragged aground in Black Sea storm off Bulgaria.
Hitachi piles it on Japanese shipbuilder posts large nine-month profit but warns of slowdown in final period.
Yen yield Japan's Namura Shipbuilding posts strong nine-month profit growth as revenues jump.
Fancy a job? India's Pipavav Shipyard wants to add nearly 7,000 workers over next three years.
Turkish trouble Istanbul-registered cargoship gets stuck off Croatia in Adriatic Sea.
Safe up on 2008 Profits at Polys Hajioannou-led bulker owner almost double year-on-year due to lower derivatives losses.
Algoma aground Canadian bulker refloated after grounding in St Lawrence River with metal cargo.
Losing steam Japan's Kuribayashi Steamship falls to nine-month loss, but remains hopeful of upturn.
Research tie-up Teekay and Det norske to carryout further development work on new shuttle tanker concept.
Jaya jumps Troubled Singapore charterer and shipbuilder sees second quarter profits jump 32% on a year ago.
Channel charter Transeuropa takes LD Lines' Norman Spirit long-term for ferry run from UK to Belgium.
ITF in Grain Blitz Seafarers union is targeting bulk ships in Australia ports during bumper grain export season.
MISC in Dubai Malaysian shipowner opens Middle East office with eye on liner and halal industry sector.
Sale of Landskronavarvet completed The Bergen Group's sale of its Swedish hull yard Landskronavarvet to neighboring 'resundsvarvet has been completed, the Norwegian maritime technology group says in a stock exchange release. The company has
Fewer tankers for storage purposes Oil traders' speculations in oil and petroleum product prices led to a record number of tankers being chartered as floating storage facilities last year. At the peak, almost 150 tankers
Prima Shipping and Meriaura acquire Tolkkinen harbour The Finnish shipping and logistics companies Prima Shipping Group and Meriaura Group have signed a letter of intent with Stora Enso about taking over the port at the closed-down
Bulker freed after ransom was paid The Panama-flagged bulk carrier Al Khaliq, with a crew of 26 (24 Indians and two Burmese), has been released after a ransom was paid. The Al Khaliq was hijacked
Fuel operations restored at Haiti's main terminal Now able to receive containerised cargoes following January 12 earthquake.
Sealub Alliance expands in the US and Canada Network will produce all marine products and support delivery operations.
EMSA report details marine pollution preparedness As ship traffic is expected to triple in the Baltic by 2017 a number of spill prevention projects get underway.
Rotterdam fuel grade prices stable One supplier fully booked until February 15 in Piraeus.
Fuel oil exports blocked at Rosbunker terminal Russian authorities stop exports from Baltysk.
Fuel oil spills in Russian ports Spills said to have occurred during bunkering operations.
Prices firm in Middle East hub Prices firm for second day in Fujairah.
Panama bunkering terminal expansion underway Project will more than double storage and barge loading capacity.
Work starts on Fujairah storage terminal Aurora promises 'state of the art' facility.
Bunker trading platform to go live Navitas Resources says its trading platform has successfully completed its trials.
Weak demand as prices firm Japanese market expecting little activity for the rest of the week.
CEPSA 'fully operational' at Huelva Puts in place new supply facilities with dedicated berth for its bunker tanker.
SGX targets 3 million mt fuel oil contract volume To achieve the monthly volume by end-2010; contract to start trading on February 22.
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