Escalating piracy hits six-year high: IMB Piracy on the high seas rose to its highest level in six years in 2009, with attacks becoming more frequent and more violent across the globe, a maritime watchdog said Thursday.
Cold weather to boost tanker shipping rates The cost of shipping two million-barrel cargoes of Middle East crude to Asia may advance from a 15-month high as cold weather in the Northern Hemisphere strengthens vessel demand.
Kuehne & Nagel head wants TUI to sell Hapag-Lloyd stake German entrepreneur Klaus-Michael Kuehne called on TUI AG to sell its Hapag-Lloyd stake to make room for a new owner and a more stable shareholder set-up at the container shipping line.
Interporto Verona ranked top European freight village A German freight village association has carried out the first ranking of European freight villages. The body collected data from 70 centres in more than 30 countries. Interporto V...
Kühne once more signals interest in DB Schenker overland division Klaus-Michael Kühne, chairman of the board of the giant logistics service provider Kuehne + Nagel International, has again publicly signalled his interest in acquiring DB Schenker'...
New eurovignette web site A web site has been established for road hauliers who use the new electronic eurovignette system. The eurovignette is required to pay road tolls in Belgium, Denmark, Luxembourg, th...
DB Schenker Rail ups Nord Cargo stake DB Schenker Rail has increased its stake in the Italian railfreight operator Nord Cargo by another 11%, bringing its share to 60%. The Deutsche Bahn subsidiary acquired 49% of the ...
Toll Global Forwarding opens Zurich regional centre The Australian transport and logistics corporation Toll Global Forwarding (TGF) has opened a new regional management centre in Zurich (Switzerland). The move symbolises the increas...
Panalpina moving Rhone Alpes office The Basel-based Swiss transport and logistics corporation Panalpina is planning to move its Rhone Alpes/Bourgogne regional office to a new location in the Satolas Green industry an...
Agility to handle procurement for Starco Logistics service provider Agility is going to handle procurement logistics for the Starco Group, a leading European tyre, tube, wheel, complete wheel and stub axle supplier. Agili...
Sea Box moving headquarters to East Riverton NJ Sea Box Inc, a leading supplier of military and specially-designed containers, has completed the purchase of a 378,000 sqft facility located on 51 acres in East Riverton NJ (USA). ...
Combi Lift's newbuilding named "Combi Dock IV" The new "Combi Dock IV" was recently named at the German shipyard Lloyd Werft Bremerhaven GmbH. The newbuilding was sponsored by Maria König Poulsen, who is married to J....
Höegh adds Charleston calls to Middle East service Höegh Autoliners, one of the world's largest rolling stock and vehicle transportation operators, has added the port of Charleston (USA) to its Middle East service. The first vessel...
Bülent Görer new Ran Logistics CFO Bülent Görer was named the new chief financial officer of the Turkish freight forwarder and logistics service provider Ran Logistics, which is based in Istanbul and runs worldwide ...
Shipping barriers slow quake aid EARTHQUAKE relief at Port-au-Prince, Haiti is delayed indefinitely due to heavily damaged port facilities preventing vessel access to cargo docks
Putin advances Ceyhan pipeline RUSSIAN Prime Minister Vladimir Putin has suggested that Russia wants to speed progress on a proposed new oil pipeline to Turkey
Union issues threat on CMA CGM FRENCH union CFDT today threatened to blockade ports if banks do not inject CMA CGM with a $500M promised credit line
Marquette taps bond market MARQUETTE Transportation has sold $250M in junk bonds to refinance existing debt
Statoil goes steady NORWAY'S Statoil intends to focus on keeping oil production on the country's continental shelf steady over the next decade, IHS Global Insight reported today
German terminal operators cut GERMAN terminal operators BLG Logistics and HHLA are cutting labour costs in response to sharp drops in volume
German box earnings pooled SEVERAL German owners have formed an earnings pool for 2,800teu box ships, industry sources told Fairplay
VLCCs by June Sergio Machado says Transpetro's next round of newbuilding tenders will seek the company's biggest owned vessels yet.
Seacor sells two US offshore vessel owner Seacor Marine unloads pair of crewboats to an undisclosed buyer.
Horizon higher New York-listed Horizon Lines sees shares surge by 10.6% after containership outfit cuts debt and reveals stronger cash flow.
Davie switches Canadian shipbuilder appoints new president and CEO weeks after a client secures $100m loan agreement to finance two newbuildings.
Log-In teus down Quarterly volumes for Log-In Logistica fall by 23.1% compared to a year ago but show an improvement on the third quarter.
Kim at TSA helm Hanjin Shipping's chief executive replaces Ronald Widdows as the Transpacific Stabilisation Agreement increases carrier participation.
Charges in blast Federal grand jury in Chicago indicts captain and owner of tank-barge company Egan Marine Corp in 2005 barge blast case.
Sov sells two Sovcomflot suezmax pair featuring in $800m corruption trial sold in $33m deal, brokers say.
TSA optimistic Transpacific Stabilisation Agreement (TSA) sees gradual improvements in Asia-US trade at start of the year as it forges ahead with rate hikes.
Finns mull aid Finnish government drawing up package to save struggling yard industry, including possible subsidies to owners.
Navios upped Pointing to contract cover that's "in the money", Lazard Capital Markets analyst hikes price target on Navios Maritime Holdings. Earnings estimates shrink.
Wrist reaches US Danish ship supplier expands again with takeover of largest operator in the Americas, One Source.
Lower Horizon US liner operator reduces debt by $38m in fourth quarter as pace of volume decline slows.
Yard rescue? Croatia reportedly mulling buying ships from ailing yards if privatisation fails again this month.
One year window Peter Georgiopoulos-led Genmar is looking to buy ships this year before tanker marker rebound, analyst says.
Ace-Link files Eitzen-owned Swedish ferry player applies for bankruptcy as passenger numbers drop.
Loads of Lee-way Lionel Lees' Ezra Holdings says quarterly sales just "inched down" but last year's result shows $52m drop.
Piracy surges Ship seizures spike off Somalia with over 1,000 crew taken hostage as global piracy hits six-year high.
Bonds for Rem Norwegian offshore owner joins growing list of firms looking to bond market for extra cash.
SeaMetric bust Debts of $125m lead heavy-lift owner SeaMetric to file for bankruptcy, reports say.
Big freeze Huge Zim newbuilding still waiting to be assigned following Christmas delivery, reports say.
Navios: 'No deal' President Ted Petrone shoots down talk of double capesize order at Sungdong Shipbuilding.
Bidders circle Hapag-Lloyd shareholder Klaus-Michael Kuehne says investors are being attracted to possible sale of TUI's 43% stake.
Same again Key CPC crude terminal in Black Sea expects volumes to be stable in 2010.
Aegean clash Greek coast guard ship and Turkish patrol boat collide off disputed Imia islets in Aegean.
US boxes up US ports see first year-on-year increase in container volumes since the country slide into recession.
$318m for Tianjin Chinese port group sells 986.5m new shares in Hong Kong cash raising effort to help fund acquisition.
We're coming Royal Caribbean to continue calls as normal to north coast of Haiti, bringing in aid.
One for MHI Japanese shipbuilder bags JPY 17.3bn government order for exploration vessel.
FPSO boosts EOC Singapore offshore outfit sees profits jump thanks to contributions from first ever FPSO project.
Japan holds 13 December port state control inspections lead to detention for a slew of general cargo ships.
Bulk carrier suspected of causing power failure The special maritime police units on Bornholm have detained the Maltese bulk carrier Timberland anchored off Bornholm. The police are awaiting better weather before boarding the vessel to conduct an
Swedish tanker to be sold at auction The Swedish owned chemical tanker Dover will be sold at an auction in Korsør on February 24 if it attracts any buyer. The auction was been ordered by Danske Bank's
Åbo yard to reduce workforce Negotiations with the employees concerning lay-offs and permanent cuts have been concluded at STX Finland Oy's shipyard in Åbvo. The yard's activities will be adjusted to the current market
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