Baltic index climbs for 4th day on BHP speculation The Baltic Dry Index, a measure of shipping costs for commodities, climbed for a fourth day on speculation that mining company BHP Billiton Ltd booked a coal and iron-ore transporter.
Australia to extend Barrier Reef tracking system Australia yesterday said it would extend a satellite ship-tracking system to cover all of the massive Great Barrier Reef after a Chinese ship ran aground threatening an environmental catastrophe.
ID Logistics opens new logistics centre The French logistics enterprise ID Logistics recently opened a new logistics platform in southern France for its customer Leroy Merlin, a French do-it-yourself chain store. The 54,...
FedEx Express launches first overnight service from Hong Kong to Europe FedEx Express, a subsidiary of FedEx Corp, has become the first provider to offer an overnight service from Hong Kong to Europe, according to the company. To accomplish this FedEx ...
Wallenius Wilhelmsen Logistics obtains greenhouse gas certification Wallenius Wilhelmsen Logistics, a global shipping and logistics company based in Scandinavia, has become the first shipping company to receive formal third-party verification of it...
New Ulm'Melzo shuttle with stop in Niederglatt Intercontainer-Interfrigo SA, headquartered in Basel (Switzerland), has been operating a new overnight shuttle service between Ulm (Germany) and Melzo (Italy), with ...
Crash of Mexican A300F kills six people An A300B4-200 freighter operated by the Mexico City-based cargo carrier AeroUnion crashed on approach to Monterrey (Mexico) at around 23.00 local time Tuesday, hitting a roadw...
Marc Y. Bruneau joins Montreal Port Authority board Michel M. Lessard, chairman of the board of the Montreal Port Authority (MPA), said that the government of Quebec (Canada) has asked Marc Y. Bruneau to join the boar...
Panamax surplus forecast to send rates crashing to 2002 levels Surplus of up to 261 panamax bulkers by the end of 2010
Iranian VLCCs back on storage duty As many as 18 vessels owned by national tanker company now deployed off coast
Newbuildings find work but single-hull phase-out to keep rates buoyant Third of new suezmaxes delivered this year from shipyards found employment on the spot market.
APL charters MISC newbuilding pair Singapore line charters two 8,500 teu ships originally committed to Malaysia's MISC
UASC to revive Asia-northern Europe service Line to re-launch its Asia-northern Europe AEC1 service, suspended in December 2008
Volcanic boon for ferries Ash from Icelandic volcano has disrupted flightsP&O FERRIES told Fairplay today demand for its services is "unprecedented" after volcanic ash closed down airports across Britain and northern Europe.
US Navy: follow the pirate loot A TOP US military official has reportedly recommended tracking the spoils of piracy as a way of cracking down on attacks against commercial vessels
Tallink reduces losses ESTONIAN ferry group Tallink has announced losses of 255M kroons ($22M) for the second quarter of its financial year
Croatia extends yard deadline CROATIA today announced that it has extended the deadline for prospective investors to bid for its six government-owned shipyards
Spat over JWP rekindled THE TUG-of-war over timing for the planned 2.7M teu deepsea box terminal in Wilhelmshaven is becoming more acute
Iran sanctions move closer US CONGRESS appears poised to advance its unilateral plan to sanction international companies importing refined products to Iran
Tax break electrifies Gothenburg GOTHENBURG'S port told Fairplay today it welcomes the Swedish government's proposal for a tax break on onshore power supply for vessels
Fledgling liner gets ready to roar With the echo from the last delegates to leave CI's Global Liner Shipping Conference in London this week beginning to fade, and keynote speeches already electronically transcribed into shipping headlines around the world, there is nevertheless no lull in industry news; it is after all a big week for the new carrier kid on the block, The Containership Company (TCC).
Transpetro confirms LPG order Brazilian shipyard scores massive tender for eight LPG newbuildings ordered by transportation arm of domestic oil giant Petrobras.
Boyden buoys Safe on bulker buy An analyst at Cantor Fitzgerald says Safe Bulkers is well positioned for further fleet foray following company's kamsarmax kick.
Rex rests conflict fears Rex Harrington says his dual directorships at Navios Acquisition and Genmar will not violate a US anti-competition law.
Reef short cut turns costly Officers of Japanese owned handymax fined $195,000 for risking Australian spill.
Safe slates two in China Polys Hajioannou-led shipowner taps cash from March equity issue to pen a pair of kamsarmax newbuildings.
Maersk ship held in Nigeria Danish boxship detained in Lagos after one container suspected of carrying toxic waste.
D'Amico crewman rescued USCG rushes to aid of Italian seafarer taken ill onboard suezmax off coast of Texas.
Volcanic eruption hits TradeWinds Distribution of this week's edition of the shipping industry's favourite newspaper is delayed by European flight cancellations.
Troim takes up Seadrill stock John Fredriksen's lieutenant buys 10,000 Seadrill shares on its New York debut.
Michelet nets farewell pay rise Imarex founder Herman Michelet books bigger salary and bonus in his final year in the CEO's seat.
Royal approval for Acergy Royal Bank of Scotland raises full-year estimate for offshore player by 25% and upgrades to buy.
Camillo Eitzen redraws loan terms Oslo-listed shipowner makes $20m payment and must "monetize" assets as new bank pact kills off need for share sale.
Qatar Nav takes over Q-Ship Chairman hails growth prospects as container line completes merger with tanker compatriot.
Gdansk yard claws its way back Tough-going for iconic Polish shipbuilder but new outsourcing orders ease the pressure.
Cleaning up their act? Hong Kong detained only one vessel during March, a Cambodian-flagged general cargoship.
New5 in Numb3rs Nobu Su's TMT ends two-year ordering freeze, while Sophocles Zoullas remains top of the US-execs' pay league.
Davie lays off more workers Restructuring Canadian shipbuilder to lose another 100 jobs, albeit temporarily.
Ugland estate divvied up Grandson of recently-deceased Norwegian shipowner Johan Jorgen Ugland gets majority share.
Shih Wei way short of profit Taiwanese bulker owner posts big drop in earnings after tough 2009.
Gearbulk to stay anchored in UK Open hatch bulker operation will not follow other Jebsen ventures in moving to Norway.
Quotes of the week Aristotle Onassis' bipolarity revealed and US president Barack Obama takes the fight to Somali pirates.
BLT slips to large loss Dip in revenues and high costs sent Indonesia's Berlian Laju Tanker into the red in 2009.
Daesun bags bulker orders Handysize deals could cost $120m at South Korean yard as Europeans pen five firm and optional contracts.
Weather hits Shen Neng inspection Divers may have to wait days to survey hull of Chinese bulker which grounded on Australian reef.
Malavika oil cleaned up Indian authorities recover nearly all fuel oil that spilled from Essar bulker hit by barge.
Croatia extends yard deadline Government gives potential buyers another month to grab six shipbuilders.
Pipavav eyes rig deal Indian shipyard wants entry into oil and gas market as it lines up takeover of western European owner.
Seadrill in US trading debut Thursday saw John Fredriksen's oil rig company start trading in the US after gaining NYSE listing.
CSAV seals equity swap German shipowners take stake in troubled Chilean liner company in return for $360m investment.
Tallink cuts costs and losses Second quarter more positive for Baltic ro-ro player, but deficit still $22m.
Xiamen Port's profits slide Full year results at Chinese port group impacted by harsh trade conditions and fierce competition.
Hammerodde back in service Bornholmstrafikken's Hammerodde is back in service between R'nne and K'ge after a two months long refit at the STX Europe Shipyard, Helsinki. The ferry has been outfitted with an extra''
Shen Neng 1 ship owners apologise ' accident caused by fatigue Hu Wei, spokesmen of Shenzhen Energy Transport who owns Shen Neng 1, apologize for the problems caused by the ship grounding on the Great Barrier Reef. 'We are fully committed
Stable prices across Europe NYMEX showing losses of almost $2 in early trading.
Softening prices in Fujairah NYMEX showing losses of more than $2 in early trading.
Quarterly oil price forecast turns bullish New 'oil strength' index from Global Risk Management upgraded from 'neutral' position.
Middle East and East Asia fuel oil markets both heavily supplied Another Saudi cargo comes onto the market as Fujairah bunker prices hold well below Singapore.
Algeciras bunker sales buck overall port trend Decline in first quarter bunker volumes despite more than 6% increase in port throughput.
Brightoil to start Rotterdam operations within three months Executive director says long-term plans call for expansion to Houston.
Bunker prices generally firming Busan bunker market sees some of the sharpest increases.
IBIA appoints vice chairman Bob Lintott will succeed Mike Ball as chairman in 2011.
Sinopec (HK) to get first bonded fuel cargo in Shanghai A 380-cSt fuel oil cargo is due to arrive on April 20.
Ship operators must not underestimate impact of lubes Proper use of marine lubricants can make the difference between profit and loss.
Brightoil subleases Horizon Terminal storage Brightoil clarifies it has no direct contract with the terminal in Singapore.
Singapore fuel oil stocks at fresh high More than 25 million barrels have accumulated.
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