Daewoo eyes US$5b worth of marine deals Daewoo Shipbuilding & Marine Engineering Co aims to almost triple contracts for offshore facilities this year as economic growth spurs energy demand.
Maersk unit signs lease deal for Virginia terminal APM Terminals, a subsidiary of A P Moeller-Maersk, said it reached a tentative agreement with the Virginia Port Authority over the cover terms of a 20-year lease of APMT's Virginia Terminal to the Virginia Port Authority.
BP hooks tube to siphon oil from well Engineers finally figured out how to siphon some of the oil that has been spewing into the Gulf of Mexico for almost a month, but it could be too late to stop the ooze from reaching a major ocean current that could carry it through the Florida Keys and up the East Coast.
PPG to fly high with Air Cargo Group in China The Project Professionals Group (PPG), a heavylift freight forwarding network, has appointed the Chinese international airfreight wholesaler Air Cargo Group (ACG) as a project supp...
Emirates honoured as cargo airline of the year The Dubai (UAE)-based carrier Emirates SkyCargo has been voted cargo airline of the year ' the highest accolade at the prestigious Cargo Airline of the Year Awards. This is the six...
Deutsche Post DHL starts year well Deutsche Post DHL concluded the first quarter of fiscal 2010 with an increase in revenues and a strong rise in earnings. Consolidated revenues were buoyed by a continuing recovery ...
Stobart Group reports strong results in 2009/2010 The Stobart Group, a UK provider of multimodal transport and logistics solutions, has announced its preliminary results for the 12 months ended 28 February 2010. The group increase...
DHL offers customs brokerage in South Korea DHL has launched customs brokerage services in South Korea, having secured a customs brokerage licence to operate at the capital Seoul's Incheon airport, the world's second-largest...
Airbus spreads Green Wave of awareness In the countdown to the United Nations International Day for Biodiversity on 22 May, the leading aircraft manufacturer Airbus is mobilising its global network of more than 52,000 e...
Iran signs nuclear deal IRAN HAS signed an agreement to ship uranium to Turkey in a bid to head off sanctions over its nuclear program, IHS Global Insight said today
Small box ship markets firm DAILY hire rates for feeder and intermediate box ships are edging away from the bottom as the market recovery broadens
Hamburg box woes continue HAMBURG'S market share of northern Europe's box throughput still receded in the first quarter
Scorpio buys two tankers SCORPIO Tankers announced today that it had agreed to acquire two LR1 ice-class 1A product tankers with existing timecharter contracts
Pirates take ship off Cameroon PIRATES from Cameroon have reportedly hijacked a Russian general cargo ship and taken its master and chief mechanic hostages
BP says gulf leak slowed BP SAID today it has begun staunching the flow of crude oil leaking from a Gulf of Mexico well, nearly a month after the fatal oil rig explosion that caused the spill
MISC seeks half of VTTI A MISC subsidiary said today it is seeking to acquire a half-share of a Vitol Holdings unit for about $735M
Scorpio in second splash Newly-listed owner takes post-IPO spending to $190m after grabbing LR1 brace.
Bulker owners beware Analyst at Commodore Research says recent gains in freight rates could be reversed as commodities stockpiles surge.
Horizon Lines hides numbers Securities regulators grant NYSE-listed liner outfit permission to keep certain 'secret' figures related to pricing out of the public eye.
CSDC scraps small bulker Hong Kong-listed owner books $1m profit on demolition of ageing vessel.
Chavez sparks new seizure spree Venezuela's socialist chieftain grabs iron, steel and shipping outfits in his latest expropriation initiative.
MISC in $735m Vitol merger Malaysian owner to bag half of oil trader's tank terminal offshoot VTTI in all-cash deal.
Russian crewmen seized Armed gang take seafarers hostage following robbery of Greek controlled cargoship at Douala.
Tidewater extends stock grab NYSE-listed offshore giant has pushed the expiration date for a $200m stock buy-back programme to next summer.
Nassco could lay off 1,150 Slowdown catches up with San Diego shipbuilder as big redundancies planned.
Novoship hijack crew head home Master and some others from tanker caught in Somali pirate drama sent home as Russia denies "destroying" hijackers.
DryShips tied to panamax buy George Economou-led shipowner touted as the buyer of $43m Irika Shipping bulker.
St. Lawrence looking up Cargo volumes increase 18% to April through vital US/Canada waterway.
Sembcorp launches PPL suit Singapore-listed shipbuilder begins legal action as fall-out over the takeover of a stake in PPL Shipyard deepens.
Lone offender held in Canada Greek bulker detained for two days in April with deck cracking and deficiencies relating to tanks.
Viking Supply profit dented Christen Sveaas' offshore shipping business sees bottom line slump as split of anchor handler operation is put on ice.
Greek bulker crewman rescued USCG flies an incredible 1,900 miles to reach ill Filipino seaman on panamax Asia Graeca.
Yard worker dies from injuries A 44-year-old painter is second worker to lose his life in a fall at US shipyard Jeffboat.
Daewoo targets offshore orders Korean shipbuilder aiming for $5bn of rig and production facility business as first quarter profit increases.
Two tankers to be torched Scrapping of Lasco and Chandris Hellas vessels offers hope recent chaos is calming.
Bulker casualty rate improving Intercargo figures point to fewer dry bulk casualties over the last decade, despite bad 2009.
Trafigura mulls partial IPO Trading giant could seek $1.5bn listing of industrial assets but keeping trading activities under wraps.
Mermaid Maritime loss stretched TTA's offshore arm sees second quarter deficit extended following subsea slump and the idling of a drilling rig.
Stoltenberg gives yards a boost Norwegian PM increases cash available for export credit guarantee scheme to aid shipbuilders.
Hellenic fixes out Horizon London-listed Greek shipowner moves 1995-built supramax from spot to short term charter.
Qinfa back at Guangzhou Hong Kong listed coal player orders another pair of kamsarmax bulkers at China Shipbuilding yard.
Thoresen Thai profits jump Thai shipowner sees a more than four-fold increase in second quarter results on surge in rates.
RCL remains in the red Costs and low rates weigh down Thai intra-Asian operator as carriers being to compete for cargoes.
VLR repair yard hurt by slump BLRT-controlled Lithuanian shipyard sees 2009 profit and revenue slashed back.
Nicea crew stuck in Malta Seafarers find temporary accommodation after new owner of auctioned ro-ro refuses to re-employ them.
Svitzer orders ECO-tugs from Klaipeda Em Z Svitzer A/S has signed a contract with the A P Møller-Mærsk owned Baltija Shipbuilding Yard at Klaipeda, Lithuania, for three special designed tugs called ECO-tugs
Norway assists struggling shipyards Norway is boosting the struggling shipyard industry, as the government is increasing funds available to its export credit guarantee program by NOK 10 billion. "Shipyards and the related supply industry
Bornholmstrafikken charters Polish ferry Bornholmstrafikken has chartered the Polish owned ferry Skania as back up capacity for 32 specific days during the summer. The Skania, which sails under Bahamas flag, will operate on the
Chemical tanker released The hijacked UK-flagged chemical tanker St James Park has been released after a ransom was delivered to the pirate group holding the ship at anchorage at Garacaad, Somalia. The
Simon Møkster places order at STX The Norwegian shipping company Simon Møkster Rederi orders a Platform Supply Vessel, PSV, from STX Europe for delivery in the first quarter of 2012. The vessel, of PSV 09 CD
PowerLine starts new roro-service The Finnish shipping company PowerLine, which is a part of the Lillbacka group, starts a weekly roro-service between Helsinki and Travem'nde on with the roro-vessel
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