Iron ore pricing switch may lift freight rates A switch by major miners to quarterly pricing of iron ore contracts is likely to lift rates in the short-term for larger capesize ships with volatile freight activity expected, brokers and analysts said on Friday.
MK Airlines temporarily suspends operations The Swiss forwarding and logistics service provider Panalpina announced Friday that it has been informed by its partner MK Airlines that the carrier is temporarily suspending ...
Over 330 events planned for Germany's logistics day Germany's official logistics day, which will take place on 15 April, has attracted over 330 events, surpassing what was offered last year, when 25,000 participants showed...
DHL wins logistics contract with Staples DHL has been awarded a multimillion dollar contract by Staples, the world's largest office supplies company. DHL will manage 32,000 teu annually of Staples' bonded export dist...
BPS Spedition sending trailers to Spain by train The Swiss forwarding company BPS Spedition has announced that with effect from today (12 April), it will forward four swap bodies per week on the new Basel-Barcelona (Spain)-Basel ...
The Howe Robinson Container Index on a rising tide The Howe Robinson Container Index (HRCI) climbed from 374.1 points for the week ending 17 March to 382.6 points for the week ending 7 April. The 8 point rise in the HRCI represents...
Port of Prince Rupert increases container throughput in March The Canadian port of Prince Rupert handled 22,942.8 teu in March this year, a solid increase compared to the 14,786.32 teu lifted in March 2009. Imported containers amounted t...
Grimaldi Group honoured as a 2009 supplier of the year by General Motors The Grimaldi Group (Italy) was recognized by General Motors as a 2009 Supplier of the Year for its significant contributions to GM's global product and performance achievement...
Damco appoints country manager for Panama The Danish logistics service provider Damco recently assigned the new post of country manager for Panama to Edgar Urrutia. He succeeds Fredrik Grill. Urrutia has 17 years...
MOL names new president and chairman The Japanese shipping company Mitsui O.S.K. Lines (MOL) has promoted its president Akimitsu Ashida to chairman of the board, and its senior managing executive officer Koichi Muto t...
Klaus-Michael Kühne sells more shares in Kuehne & Nagel Klaus-Michael Kühne, majority owner of the logistics group Kuehne & Nagel, has sold another 1 million shares in his company for around CHF 107.4 million. At the end of November...
Reef bulker refloated SALVORS today successfully refloated Shenzhen Energy's coal carrier Shen Neng 1, which ran aground on Queensland's Great Barrier Reef nine days ago
Paragon purchases Panamax PARAGON has announced that it is buying a Panamax bulker for $41M as part of its fleet renewal programme
Maersk cautious on recovery GLOBAL box trade growth might slow again as inventory levels across the economy are restored to more normal levels, a senior Maersk Line manager warned today
Pirates free Turkish bulker SOMALI pirates have freed a bulk carrier and hijacked a general cargo ship, EU NAVFOR has reported
Ership and CIMSHIP indicted PORTUGUESE shipowner CIMSHIP and Spanish ship management company Ership have been indicted on charges of conspiring to sidestep US pollution laws
China records trade deficit DEMAND for raw materials imported by ship has contributed to China recording its first monthly trade deficit in about six years, IHS Global Insight reported today
New Century IPO predicted RENEWING an IPO bid that foundered in 2008, New Century Shipbuilding of China is reportedly seeking to list in Singapore
Seadrill swoops on Scorpion John Fredriksen's offshore outfit targets controlling stake in Oslo-listed Scorpion Offshore days before its NYSE listing.
Bulker spurs 'magic pipe' cliff hanger Two European shipping outfits are facing fines of up to $18m in the US if convicted for alleged environmental crimes.
Transocean in SIX listing Zug-based drilling giant joins ranks of 'duel-listers' after getting green light from Swiss Exchange for a stock market listing.
Shen Neng 1 refloated No new oil leak visible from Chinese bulk carrier after successful lifting off Great Barrier Reef.
Where are the bulker fixtures? China's trade restrictions signal a sluggish week for dry sector but hunger for iron ore still stable, an analyst said Monday.
Frontline a 'cash machine' again Arctic Securities boosts tanker giant Frontline to buy amid promise of decent dividend ahead.
Ro-ro spills oil in Germany Investigation begins into incident at Bremerhaven involving Vasaland.
Paragon buys Greek bulker Michael Bodouroglou-led owner spends $41m on Irika Shipping panamax Iorana with three-year charter fixed.
Sevmash axes Odfjell payout Jan Hammer-led owner may hit Russian courts as shipbuilder says $45m arbitration award unenforceable.
Tsakos shares on the shelf Greek tanker owner registers to sell up to 2.32m shares "from time to time", partly for fleet expansion.
Star Bulk snares second cape Akis Tsirigakis-led owner confirms second capesize newbuilding order at Hanjin Heavy Industries.
Eitzen Chemical shoots up Shares in Oslo-listed shipowner are on the march Monday following upgrade from First Securities.
Chinese bulker pulled afloat from Great Barrier Reef The Chinese bulk carrier Shen Neng I, which run aground on the Great Barrier Reef on April 3 has been pulled afloat, international news agencies report. The vessel, carrying 65,000
Ten Swedish tankers to hoist the Danish flag The flight from the Swedish registry continues and the next company to lower the Swedish flag is Dons'-based Sirius Rederi. The company has opened an office in Fredericia in
Those responsible for Great Barrier Reef grounding to be prosecuted Those responsible for the Chinese bulk carrier Shen Neng I running aground on the Great Barrier Reef and leaking oil, will be prosecuted as the vessel clearly was on an
Two Esvagt vessels for Greenland drilling campaign Esvagt A/S has chartered two standby/rescue vessels from Scottish Capricorn Energy Limited (a subsidiary of Cairn Energy PLC UK), Edinburgh, for its drilling campaign off the West coast
Heavylift carrier loaded Svitzer tugs The German heavylift carrier Annegret has successfully loaded the two M-class tugs from Svitzer Scandinavia in Bremerhaven. The Svitzer Menja, to be renamed Svitzer Myall, was loaded first, followed
Bulk carrier released ' another ship hijacked The hijacked Turkish flagged bulk carrier Yasin C has been released, reports EU Navfor Somalia. The vessel was hijacked 250 nautical miles east of Mombasa, Kenya, on April 7. The
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