Baltic Trading taps US$228m in NYSE listing Baltic Trading Ltd, the New York-based shipping company formed to operate dry-bulk vessels, raised US$228 million in its initial public offering after selling shares at the low end of its price range.
China Navigation opens head office here With the hard work and the active encouragement of the Maritime and Port Authority (MPA), Singapore saw yet another big shipping industry player set up shop with the Swire Group's deep-sea shipowning and operating arm China Navigation Co (CNCo) opening its new head office at The Concourse this week.
West-bound container trade rises 10.6% in Jan Ship container volumes from Asia to Europe rose for a third consecutive month in January, growing by over 10 per cent year on year in the biggest monthly rise since records started in October 2008, data on Tuesday showed.
Eaton celebrates hybrid power success Eaton Corporation, an industrial manufacturer based in Cleveland OH (USA), has announced that its customers who use the company's 2,400 hybrid systems have collectively accumu...
Australian iron ore mine wants transporters The Australian mining company Western Plains Resources (WPR) has commenced the tendering process for the Peculiar Knob iron ore mine near Coober Pedy in South Australia. The firm i...
PD Ports receives award from leading UK retailer PD Ports, the operator of Teesport in northeast England, has been crowned as the most outstanding service carrier of the year 2009 by leading UK retailer Asda, at its annual nation...
Strikes on hold at LH Cargo The German airline Lufthansa has told customers not to expect any strikes for the time being. There was a recent walk-out due to a wage dispute between the pilots' union Cockpit an...
Horizon Lines appoints new senior vice-president international services Horizon Lines has named Brian Taylor as senior-vice president of international services to support the development of the line's new Asia service. This sailing will be operate...
China exports rise nearly 46% BEIJING said today exports climbed 45.7% in February, compared with that month of 2009
China's Sinotrans plummets PROFITS crashed 69% last year, Sinotrans Shipping, the drybulk division of Sinotrans Group, told Hong Kong stock exchange today
Undersea cable upgraded ALCATEL-LUCENT has completed the upgrade of a 22,000km submarine cable system linking the US with Latin America, IHS Global Insight reported today
US tanker spill tied to wind THE US Coast Guard hearing into the biggest oil spill in the Texas for 15 years continued today, after opening with a dramatic collision description
Cautious Unifeeder grows LEADING European feeder box line Unifeeder has increased the chartered ships it operates to 35, a Gdansk conference heard today
China to use North Korean port A PORT deal has been signed with North Korea that will give China direct access to the Sea of Japan, IHS Global Insight reported today
Baltic Trading raises $228M BALTIC Trading has priced its IPO at $14 per share, one of the offering's underwriters told Fairplay today
D/S Norden still in black after a dramatic year Dampskibsselskabet Norden managed to navigate through 2009 with success and presented the shareholders with another profit of DKK 217.2 million. It is not as much as the year before
Prices largely stable across Europe 24-hour strike scheduled in Greece for Thursday.
Oil prices jump on US inventory data Signs of increase in US oil demand boost oil prices in early trading.
Mid-week prices mixed Durban prices remain unchanged from Tuesday's average.
Markets show indecisiveness Questions remain as to whether crude oil has found a new trading band.
Company claims 'breakthrough' in pour-point research Andatee CEO says additive will boost demand for its marine fuel.
Oman bunker port could compete for Fujairah traffic 'We would not have entered the market if we did not believe we could be price competitive,' SMP tells Bunkerworld.
Fuel problems linked to decline in crew standards Cost-cutting has led to the recruitment of 'less qualified personnel'.
Management changes at Chemoil Emilio Heredia takes over as Vice President, Trading for the Americas, following Douglas Long's resignation.
Bunker prices down on sluggish demand Bunker prices in key Asian ports weaken mid-week.
Glencore net profit plunges 43% Global commodity trader believes 'factors which drove recovery' in 2009 will continue in 2010.
Asia to see heavy fuel oil inflows in April Volumes lower compared to March but still considered heavy.
DNVPS appoints new regional manager in Fujairah Gunnar Kjeldsen replaces Colin Holloway.
Hong Kong supplier eyes Singapore accreditation Vermont has started bunker trading and chartering bunker tankers in Singapore.
Singapore court to hear corruption case Former employee of Chevron to face trial on March 22.
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