Mid-East crude tanker supply drops to parity The supply of supertankers competing for 2 -million-barrel cargoes of Middle East crude fell to parity with expected demand as owners wait for the bulk of May demand to start this week.
Kuehne & Nagel aims to outperform market Logistics group Kuehne & Nagel aims to outperform the market this year as the sector recovers thanks to a pick-up in global trade, the group said yesterday.
More sanctions seen hitting Iran shipping, oil The threat of fresh sanctions on Iran will hurt shipping activity to and from the country while also hampering the Islamic Republic's ability to export its crude oil.
Volcanic ash from Iceland freezes air traffic over Europe Europe is suffering unprecedented interference from natural forces. Ash from the volcano erupting under the Eyjafjallajokull glacier in Iceland since 20 March has be...
UPS volumes clearly up in Q1 The US parcel service provider UPS, based in Atlanta GA, saw an upswing in business in the first three months of this year, following a difficult 2009. "Revenue was stronger t...
GLS Germany: Ground-breaking for new German depot The parcel service provider GLS Germany is expanding. The first sod of earth was recently turned at the site of a future, considerably larger, depot in K¨rnach to replace the GLS f...
Latek Logistics to float IPO in Turkey The Turkish logistics service provider Latek Logistics will start its initial public offering process on 20 April. Some 26% of the company's shares are planned to be sold to t...
DSV disclaims acquisition rumours The Danish transport and logistics provider DSV has recently issued a statement denying speculation that an acquisition is pending. The company said that "DSV's mana...
UK allows ferries to exceed passenger limits Radical move to repatriate stranded travellers will see suspension of Solas rules
UK Navy to rescue stranded travellers
Drewry warns box sector still fragile Cautioned urged as global recovery still at embryonic stage
UK ports hit by jet fuel force majeure Traders call force majeure on deliveries by product tankers due to flight cancellations.
US offers guidance over ransom talks Washington asks shipowners faced with hijackings and ransom demands to consult with Office of Foreign Assets Control
Maersk slams Hamburg costs and productivity Chief operating officer Morten Engelstoft says port too expensive despite being less efficient than its rivals
SeaFrance seeks legal shield FRENCH ferry operator SeaFrance has applied for legal protection from its creditors after warning that it is close to running out of cash
US clarifies ransom policy THE Obama Administration reportedly wants shipowners to seek US approval before paying ransom to Somali pirates
Malta cruise sector recovers MALTA'S tourist officials are pleased that last year's fall in cruise liner passengers has been reversed in this year's first quarter
Get home? It's complicated MADRID would reportedly be the hub for a British scheme to bring home travellers stuck overseas by the volcanic plane disruptions
German ports win pay accord UNDER an accord agreed today, Bremerhaven and other German vehicle carrier ports can deeply slash pay for terminal drivers
Norden buys ships as rates return DENMARK'S bulker and tanker operator Norden today said it will splash out $52M on two Handysize product tankers
Drewry not all 'doom and gloom' A recovery is on the horizon for the containership sector but a leading consultancy outfit remains cautious in their 2010 boxship business outlook.
Volcano update: papers on the move TradeWinds makes its way to some readers in Europe but delivery disruption continues worldwide.
'Secret' piracy panel sparks clarity President Obama's executive order targeting financial assets linked to Somali pirates does not include a general ban on ransom payments.
Mystery surrounds VLCC sale Ill-advised brokers amiss in linking Norwegian shipowner Arne Blystad to the purchase of a Japanese-owned VLCC.
Dry rates resist boycott bluff Analyst says demand for dry tonnage continues to creep forward as China's appetite for iron ore climbs amid proposed import boycott.
Baltic begins as a buy Analysts at both Jefferies and Lazard Capital Markets initiate coverage of newly-listed shipowner with a buy rating on its stock.
Crewman discovered dead Search for missing towboat pilot ends in tragedy after US Coast Guard diver discovers body in the Kanawha River.
Tanker escapes hijacking Pirates chase Liberia-flagged vessel named as White Sea in early morning attack off Somalia.
Frontline admits VLCC buys John Fredriksen-led outfit confirms purchase of two Gulf Marine tankers but mum on third purchase and prices.
Baltic bags $100m loan Peter Georgiopoulos-led Baltic Trading confirms credit facility with Nordea.
Norden takes punt on handysize duo Danish owner buys d'Amato Fratelli tanker pair it has chartered since delivery in 2005 and 2008.
StealthGas grabs Geden tanker Nasdaq-listed shipowner pays $56m for aframax resale at Samsung Heavy Industries.
Charity issues final plea for Manxman Local group makes last-ditch attempt to save historic former Isle of Man Steam Packet ferry from scrapping.
Return to sender for Maersk Nigerian authorities tell Danish owner to send "toxic" container on Maersk Nashville back to Rotterdam.
Fire hits Canadian ferry Nonia pulled from service after electrical blaze between Newfoundland and Bell Island.
Fesco holds what it has Russian container line recommends paying no dividends for third year in a row.
Filipinos fail to flog Ufuk Ship caught smuggling arms for terrorist groups in 2008 bites the bullet in first auction attempt.
Merchant ships to bring Brits home? UK government draws up emergency plan to combat suspension of flights due to Icelandic volcano.
Dragnis buys Ofer boxship Days after switching a boxship order to a bulker Goldenport buys Zodiac Maritime containership.
MISC taps PNG LNG Malaysian shipping giant forms new joint venture for gas projects in Papua New Guinea.
Qatar Gas crewman rescued Filipino seafarer lifted from LNG carrier off Land's End after reportedly suffering a stroke.
India seeks Global Purity damages High court orders arrest of Japanese bulker involved in collision which sank coast guard vessel.
Oz eyes closer tracking IMO called on by Australian government to implement stricter vessel monitoring after Shen Neng 1 grounding.
Yangzijiang eyes PPL stake Chinese shipbuilder-led consortium offers to buy a 15% stake in Singapore offshore rig builder.
Double jeopardy for Sonoro Dutch cargoship grounds in Kiel canal, refloats and is then involved in collision in dense fog.
Tanker robbed off Malaysia Semua Shipping products tanker hit off Tanjung Ayam in fourth incident so far this year.
STX secures $250m quartet South Korean yard takes 2010 tally past $700m as it unveils contracts from three different owners.
Port of Göteborg welcomes new government bill The Swedish government proposes to ease tax on onshore power supply for vessels in its new government bill. The Port of Göteborg welcomes the initiative. "Today's announcement by the government
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