Baltic index to rise slightly in Q1 The main global sea-freight index will nudge up in the first quarter from the current level as strong Chinese demand offsets pressure from an oversupply of vessels that has weighed on the market for the past year.
New Maersk country head for M'sia, S'pore Bjarne Foldager will be Maersk Line's new country manager for Malaysia and Singapore, the shipping giant announced yesterday.
TUI eyeing a listing of Hapag-Lloyd in 2011 German tourism group TUI AG is confident that it can float its stake in container carrier Hapag-Lloyd in 2011, a first step in plans to focus on its travel business.
New generation in charge of Switzerland's Sieber Group The Sieber Group, a Swiss transport and logistics enterprise, will be headed by Christian Sieber as CEO and Michael Sieber as COO from 1 January. Founder and CEO Paul Sieber and hi...
Rhenus takes a stake in Grossmann Sea and Air Logistics The German logistics enterprise Rhenus is expanding its network by acquiring a stake in freight forwarder Spedition Grossmann Sea and Air Logistics, based in the Munich airport car...
Loxx founds Moscow enterprise The German logistics service provider Loxx Group, headquartered in Gelsenkirchen (Germany), founded a new Russian entity called Loxx in Moscow at the end of November. The firm will...
Gazeley building French logistics centre for Stanley Black and Decker Gazeley, a global provider of sustainable logistics properties, has signed a nine-year contract for France with the Stanley Black and Decker group, the world's largest producer of ...
Günther Casjens resigns from Panalpina board Günther Casjens has resigned from Panalpina's board of directors with immediate effect, on account of other time-consuming commitments. A new board member will be elected at the co...
Genmar secures one-month extension on ship sales Deadline for asset sales extended to January 15, 2011
Tanker owners left reeling as rates plunge
Time for new look at kidnap and ransom
The Week Ahead
TEN eyes $520m from shuttle tanker foray New York-listed tanker operator inks 15-year chartering deal with oil major
Japanese owners want slice of offshore action
China inflation to hit iron ore importers as Rizhao Port ups charges Port hikes handling fees across a range of cargo types citing inflationary pressures
Politics continues to cloud China's maritime...
Moody's downbeat on Vietnam Lowers sovereign rating on Vinashin fears and macroeconomic concerns
Carnival fire fallout intensifies THE FINANCIAL impact of the last month's engine room fire aboard Carnival Splendor will be worse than predicted, after five more cruises were cancelled today
Scanscot tonnage sold A NUMBER of multipurpose/heavy lift vessels of insolvent German owner/operator Scanscot have found new homes in recent weeks, Fairplay has been told
TEN reveals shuttle plan TSAKOS Energy Navigation disclosed new details today on how it will use proceeds from October's poorly received secondary offering to enter the shuttle tanker trade
BDI falls again THE BALTIC Dry Index today extended its losing streak to seven days, largely due to weakening Panamax rates
New cruise terminal planned for Southampton ASSOCIATED British Ports unveiled plans today for a fifth cruise terminal at Southampton
Intereuropa gains loan SLOVENIAN freight forwarding company Intereuropa has announced that it has signed a long-term syndicated loan agreement with five local banks for €79.5M ($106M)
GenMar scores more time LENDERS Nordea and DnB have given General Maritime one more month to complete forced assets sales required under the terms of its bridge loan
Greek slapped by second OWS sting Athens-based shipmanager pinched by US port inspectors for second 'magic pipe' infraction in less than a year, report shows.
Marie Maersk busted in US port Danish containership one of eleven vessels collared by US port inspectors for deficiencies.
Genmar seals sales extension New York-listed tanker owner pushes back asset sales deadline for ships tied to $22m bridge loan.
Holger Laufer captures top prize Hamburg shipping fund manager's Chinese shipyard image holds on to lead in TradeWinds' Maritime Photographer of the Year.
Tidewater pounces on Hellespont PSV US offshore giant wraps up $29m raid on German platform-supply vessel, insiders say.
TEN in shuttle tanker splash New York-listed shipowner joins the Brazilian offshore party with two long term contracts topping $500m.
DryShips zeroing in on $500m George Economou-led firm pressing on with offshore private placement despite fears it would come up short.
Geogas offloads LPG carrier Swiss owner and trader trims tonnage with $12m sale of modern gas carrier, brokers say.
Carnival axes Splendor sailings Unspecified "additional issues" and unavailable spare parts force owner to quash quintet of departures.
Lykiardopulo sells VL to DHT Greek owner identified as the seller of a VLCC to New York-listed DHT Maritime.
Boxship breakdown threatens Xmas German containership stuck for a week outside Belize City, with vital festive cargo on board.
Greek bulker in pirate scare Crew of Seatrans handymax Michalakis avoid hijacking by riding out early-morning attack in citadel.
Sykes set for Baltic face-off Clarkson's Janet Sykes set to face her former bosses at Baltic Exchange now she chairs the FFABA's dry section.
BLRT eyes shipbuilding boom Estonian group predicts rise in demand for specialist offshore and icebreaking vessels.
Precious snaps up resales Khalid Hashim-led owner is buying four supramax newbuildings believed to have been sold by Maruti Shipping.
Profit victory for Viking Line Finnish ferry owner pushes up fourth quarter earnings thanks to more operating days, but competition remains tough.
Liverpool disappoints in third quarter Cargo volumes dip slightly at UK port despite rebound in world trade.
ITC tanker sale gets green light Bond affiliates of John Fredriksen's Independent Tankers back the sale of a VLCC at the second time of asking.
Reefer crewman meets icy death Divers find body of Filipino who may have slipped on icy ramp at Esbjerg in Denmark.
STX OSV strikes post IPO high Shares in Singapore-listed shipbuilder climb over 40% above their IPO price.
Eight held in ferry protest Anti-logging activists unfurl banner on Spirit of Tasmania in Hobart, Australia.
"Drunk" Russian master held Captain of Latvian vessel RMS Libava arrested in Netherlands after it ran aground.
Bad buoy gets the blame Faulty light caused Vietnamese cargoship to run aground on Malaysian coral reef.
Northern fixes Enhancer John Fredriksen-backed offshore drilling company finds short-term employment for jack-up rig.
Evidence points to Euronav Last of Belgian owner's older VLCCs looks to be the tanker picked up by DHT Maritime for $55m.
Long Beach volumes ease After a spike in container throughput in October US west coast port resumes steady decline.
Cyanide cargo seized on ferry Philippines coast guard finds deadly chemical on Trisha Kerstin at Zamboanga.
SSI attracts new members Sustainable Shipping Initative, SSI, working for a sustainable future for the shipping industry has attracted six new members: W'rtsil', Daewoo Shipbuilding & Marine Engineering, Rio Tinto Marine, RSA, Tsakos Energy Navigation
Rotterdam market mixed Avails tight for LFSO products in Hamburg.
Refiner 'capitalising' on tight East Asian fuel market Indian Oil Corp (IOC) sells two fuel oil cargoes for January loading.
Russia wants to cut fuel oil production Decision on fuel oil export tax has yet to be announced.
New bunker barge for Gothenburg Vadero Highlander to 'drive' O.W. Bunker's expansion in the region.
Mid-week bunker prices mostly down Enquiries 'mixed' at key Asian bunker ports, according to traders.
Dan-Bunkering appoints team leader at head office
FAL Oil halts bunkering in Khor Fakkan The company is currently discussing 'a minor issue' with the local port authority, according to a company official.
Socar to open Fujairah terminal by 2012 Construction to finish in 'a year-and-a-half,' company official says.
Ecospec's scrubbing system gets 'warm' response in Cancun Confident the CSNOx system will be a 'heavyweight contender' in addressing carbon emission issues.
OOCL increases bunker surcharges to Australia General and reefer cargoes from Southeast Asia, Middle East and Sub-continent will pay more from January 1 onwards.
Slow pick-up for Iran's bunker sales Latest full year bunker sales estimates lower than initial targets.
Mixed NGO views on Cancun agreement Groundwork laid for global GHG framework, but bunkers 'disappeared' from COP16 negotiation text.
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