Easier for shipping firms to borrow now Shipping companies can borrow money more easily now than a year ago, when the banking industry was roiled by the world financial crisis, said commodity carrier Paragon Shipping Inc.
Icelandair to receive fresh capital to reduce debts The north European Icelandair Group is receiving an injection of fresh capital from two investment funds. The Iceland-based Enterprise Investment Fund is making an investment of IS...
Kuehne + Nagel service provider for Moët Hennessy in Spain Moët Hennessy, the premium drinks division of the LVMH Moet Hennessy ' Louis Vuitton Group, has selected Kuehne + Nagel as its exclusive logistics provider for its warehousing and ...
Rhenus takes over Weckerle GmbH Spedition + Logistik The German forwarding and logistics company Rhenus AG & Co, which has its headquarters in Holzwickede near Dortmund, is taking over Weckerle GmbH Spedition + Logistik in Fellba...
Hitachi Data Systems appoints Choice Logistics in Emea region Choice Logistics, a global leader in highly optimized, flexible, mission-critical service parts logistics systems, has been selected by Hitachi Data Systems (HDS) Emea to manage it...
Flag states voice fears over Iran sanctions International flag administrations concerned ships with Iranian links under their control could be targeted
Disentangling insurers from Iran's complex web
Bermuda sanctions put IRISL's P&I cover at risk
Iran impatient to be a global player
Arthur Regan makes shipping comeback Veteran teams up with Apollo Management in new shipping venture, Principal Maritime
New outer harbour 'will never be a white...
ABP port and transport turnover takes hit UK ports operator posts 4.8% fall in turnover to '397.7m from its core business
DB Schenker posts slip in box traffic
SCF posts $68m profit in first quarter Sovcomflot profit performance in line with analysts' and company's expectations
GenMar raises share sale GENERAL Maritime has priced its follow-on offering at $6.75 per share and upped shares for sale by 22% to compensate for weak pricing
EU agrees Iran sanctions THE EU has agreed fresh sanctions against Iran, targeting the country's access to European oil and gas investors, IHS Global Insight reported today
Uruguay-Brazil green push seen URUGUAY has invited Brazil to join a project to monitor the Uruguay River for environmental problems, IHS Global Insight reported today
Strike snarls India's JNP CONCOR, India's government-owned box transporter, has told Fairplay that a strike and slow-down tactics stymied trade at Jawaharlal Nehru Port, but the actions have now been called off
Slovenia-Croatia deal criticised A SLOVENIAN maritime lawyer has today criticised his government's handling of its maritime border dispute with Croatia and has called for Ljubljana to harden its stance in the coming arbitration talks over the issue
Russia's costliest oil deal signed RUSSIA'S government-owned oil producer Rosneft and Chevron have signed an accord to develop an offshore oilfield in the Black Sea
Russian yard move agreed ROMAN Trotsenko, CEO of Russia's government-run United Shipbuilding Corp, has agreed with St Petersburg's government to move the Admiralty yard
Seven Wallenius vessels to be reflagged Wallenius has decided to reflag seven vessels from Sweden to Singapore. The process begins this autumn with three vessels. Swedish crew will be replaced to other vessels in the Swedish
Stena Line and DFDS Tor Line in slot charter deal Stena Line and DFDS Tor Line has agreed on a slot charter deal, adding Esbjerg'Harwich and Esbjerg'Immingham to the Stena Line network. With the two new lines, Stena
Sale of Norfolk Line approved The sale of Norfolk Line to the DFDS Group has been approved by EU. That means that the deal, which has been pending since the sale was announced in May
Statoil refuses Mærsk rig in US waters US president Barack Obamas' ban on deepsea drilling in US waters, in the aftermath of the blow out on the Macondo-field, has now affected Maersk Drilling. Norwegian oil company
Bunker prices still heading higher A week of firming with room to move even higher relative to crude.
Prices mostly weakening on Friday Little direction given from volatile crude trading.
Mixed movements in Rotterdam, Hamburg NYMEX showing small gains in early trading.
Japanese bunker prices to come under pressure China's imports of Venezuelan fuel oil will leave it with surplus product.
End-of-week prices down in Fujairah Distillate prices sharply higher in Durban.
Black Magic pointing to green future for tankers Developer says its solar hybrid vessel can achieve zero carbon emissions by harnessing energy from the sun, wind and waves.
Singapore-bound fuel oil tanker detained in Papua New Guinea Authorities say tanker is suspected of illegally loading product.
CEPSA Marine Fuels ready to offer 1.00% sulphur fuels Says it will have ECA-compliant product 'at all its ports'.
Bunker removal averted possible 'disaster' US Coast Guard says $12 million cost of pumping fuel from 58-year old wreck was 'extremely cost-effective'.
Cargo ship operator fined for violating pollution act Cooperative Success Maritime to serve five years of probation, during which time they will implement an environmental compliance plan.
Jones Act and the Deepwater Horizon incident Reports that clean-up efforts are being 'hampered' by merchant marine act are 'incorrect', says Offshore Marine Service Association.
IFO prices mostly weaken at major ports Fuel oil cargo into Hong Kong delayed.
Caroline Huot leaves Gulf Oil Marine A change in management strategy will see Huot replaced by a former BP executive.
Product tanker arrested for unpaid bunkers released FSL Trust secures release of the Verona I after posting $1.6 million security deposit.
Singapore players adopt 'wait and see' attitude towards new bunker standard Highlights 'extra risk, logistics and capital' related to the implementation of ISO 8217:2010.
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