Baltic Dry Index advances on iron ore, coal cargoes The Baltic Dry Index, a measure of shipping costs for commodities, posted a fifth consecutive advance on demand for larger iron-ore and coal carriers with Asia-bound cargoes.
DB Schenker teams up with volunteers to support Haiti earthquake victims DB Schenker, the logistics division of the Deutsche Bahn corporation, is collaborating with "Luftfahrt ohne Grenzen" (aviation without borders), the German branch of a pa...
Port of Marseille troubled by Algerian import restrictions Import restrictions imposed recently by the Algerian government are not only troubling French exporters these days, but also the port of Marseille, one of the traditional shipping ...
Messina orders biggest ro-ro container units in the world The Genoa-based Italian shipping line Ignazio Messina is bucking the current industry trends, having signed a contract with the Korean shipyard Daewoo Shipbuilding and Marine Engin...
Bimco stowaway clause available online The stowaway clause for time charter parties 2009 of the Baltic and International Maritime Council (Bimco) is now available for download. In the light of continuing problems with s...
MOL incorporating R&D project into government-industry initiative MOL is incorporating one of its research and development projects into a joint government-industry initiative aimed at reducing CO2 emissions. The initiative is a technology develo...
Cargoitalia adds new destinations The Milan-based freight airline Cargoitalia is adding two new destinations to its network, after the successful start to its scheduled operations in September 2009. The airline wil...
Senior Air New Zealand Cargo manager implicated in cartel A court in Wellington, the capital of New Zealand, has opened proceedings against Salvatore Sanfilippo, the head of Air New Zealand Cargo's Americas division. The public prosecutor...
AAC Capital Partners acquires Envirotainer AAC Capital Partners, a leading mid-market buy-out firm based in Amsterdam, London and Stockholm, has acquired a majority stake in Envirotainer, headquartered in Knivsta, near the ...
Diana unveils box ship move BULK player Diana Shipping today announced plans for a new investment vehicle for box ships
LNG to Europe surges LNG CARGOES to Europe rose sharply last year, partly in response to a near-25% drop in gas from Russia, according to World Gas Intelligence
French loan shield offered FRENCH shipowners have started to use a new loan guarantee scheme designed to shield their operations
S Korea LNG imports rise 37% SOUTH Korea's LNG imports in December increased by 37% year on year, IHS Global Insight reported today
Statoil stung for $67M A COURT today awarded Norway's government $67M after a dispute with Statoil over the cost of expanding a gas plant
$49M FESCO sale reported FESCO has reportedly sold five small-capacity box ships for $49M
Memo to God: The Land of Mountains deserves a break When pioneering seafarer, Christopher Columbus discovered the Caribbean island of Hispaniola in 1492 he might not have expected that his adopted Spanish ancestors would later surrender part of it to the devil, to be renamed Haiti - The Land of Mountains.
Revival in Asia - Europe volumes and rates
'More of the same'
Piracy surged in 2009: Somali pirates responsible for all but two hijackings
Asian Shippers' Council berates TSA's emergency charge
Tsakos sells duo Brokers say Nikolas Tsakos' Tsakos Energy Navigation has put two aframax sisterships in the hands of Pakistan's PNSC.
Under scrutiny Europe's top antitrust watchdog launches formal investigation in Baltic Max Feeder scheme.
More sales mulled Bankrupt Bender Shipbuilding considers future plans and further asset sales as Mobile yard was "only a portion" of the company's business.
HOS spat settled Documents show Hornbeck Offshore and bankrupt Superior Offshore International quietly came to a $16m agreement in HOS Achiever charter dispute.
100 for Transpetro Brazilian owner's president says the company is preparing to order 100 tugs and barges to carry ethanol.
Boxing clever? Analysts differ on the wisdom of Greek dry-bulk owner Diana Shipping's proposed containership move.
Bender yard sold Signal International submits winning bid in the auction of Bender Shipbuilding's Mobile yard.
Stowaway nabbed Brazilian police detain Nigerian who jumped aboard a Japanese-controlled open hatch carrier.
Tough year IM Skaugen suffers a loss in "a year of much contradiction, challenge and transition."
Moller supersizes Teekay jacks up notes offering by $150m as it bids to cut its debts.
Eyeing boxships Simeon Palios-led Greek bulker owner Diana Shipping investing $50m in new containership-owning company.
30 dead at port Photos provided to TradeWinds show quake-wrought devastation at Haiti's key port, where 30 dock workers drowned in the disaster.
'Further upside' Oppenheimer analyst sees 2010 growth for both tanker and bulker stocks, but he favours the dry sector.
Cargill's cape US charterer snaps up Genco capesize on potential $14m deal.
Four jailed Two masters and two pilots face prison in Hong Kong over fatal Neftegaz-67 collision in 2005.
Bilbao for sale? Axing of service by P&O could lead Irish Ferries owner to flog ferry Pride of Bilbao.
It's quotes time Evangelos Pistiolis and Antonio Zacchello have a slight difference of opinion while Ezra's maths don't quite measure up.
Near-term doubt Focus on box buys leads Oppenheimer analyst to downgrade Pittas-led Euroseas to "perform".
Not a Judas Igal Dafni wins high-profile legal dispute with former employer Zim.
Precious gets loan Khalid Hashim-led shipowner secures $250m facility to help fund acquisition of second hand tonnage.
New5 in Numb3rs Arne Blystad says hasta la vista, handies, and Peter Georgiopoulos is out chasing birds.
Losses cut Ukrainian owner UDSC reduced losses in 2009 as river and passengership operations flourished.
More millions US Maritime Administration lines up another big hand-out to small shipbuilders.
Slow steaming Hanjin containerships set to go slow on Asia US East Coast service effective later this month.
Prospects positive Alan Marsh-led Braemar points to improved dry-bulk, S&P and scrapping markets as reasons for cheer.
Deficient duo Good Faith bulker one of two vessels detained by Hong Kong port state control in December.
Baltica grounds Swedish buoy tender vessel spills small amount of diesel after going aground off Stockholm.
Baltic cut back Danish ro-ro player to withdraw loss making service between Germany and Latvian capital.
Posco back in? Daewoo Shipbuilding shares up on reported renewed interest of takeover from steel giant Posco.
Water scare Scottish ferry Pentalina B towed to safety after suffering water ingress off France.
Seacor pair sold Pair of Seacor Marine-chartered crewboats are sold to an undisclosed buyer.
Close shave Forklift punctures hazardous chemical container on Lehmann Forester in Carolina, but no one injured.
Yet again? Polish government could launch another auction for remaining assets at Gdynia and Szczecin shipyards this year.
All change Emanuele Grimaldi replaces Jon-Aksel Torgersen as board chairman at troubled ro-ro player Finnlines.
First Superflex ferry sold for recycling The first Superflex has been sold for recycling and has arrived at Grenaa to be treated by Forn's on the plant. The ferry is the Gitte 3, which arrived in
DFDS closes the HansaBridge service DFDS Tor Line has decided to close down the HansaBridge service, running from L'beck to Riga, and concentrate their Baltic service to the Klaipeda or St Petersburg corridors. The service
Danish owned vessel damaged by Haitian earthquake The Danish owned coaster Stella Maris got some damage while moored at the Haitian capital Port au Prince during this week's devastating earthquake. One of the harbour cranes collapsed very
406 piracy attacks in 2009 A total of 406 incidents of piracy and armed robbery were reported in 2009, confirms the International Maritime Bureau's Piracy Reporting Centre in Kuala Lumpur. In 2008, 293 attacks were
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