Vietnam legislature to review Vinashin scandal Vietnam's communist legislature prepared yesterday to examine the 'serious' case of state-run shipping group Vinashin, which was driven to the brink of bankruptcy, government leaders said.
LNG re-exports from US to Asia on the rise Cheniere Energy's Sabine Pass liquefied natural gas terminal in Louisiana sent a cargo of LNG to Asia on Tuesday, the first of two US re-export deals this week as shippers try to make the most of higher gas prices overseas.
French strikers block oil barge flow on Rhine Strikers blocked oil product barges on the river Rhine at the French border near Strasbourg on Tuesday to prevent suppliers importing fuel from other countries, trade sources said. Nearby refiners in France, Switzerland and Germany have either halted or cut production because of French strikes in the port of Fos-Lavera and nation-wide industrial action over pension reform. Suppliers have instead opted to import fuels such as diesel from a storage hub in Rotterdam on barges down the river Rhine to keep fuels flowing to petrol stations.
Kerry Logistics JV launches Brunei Halal Products in Singapore A Kerry Logistics joint-venture company, Ghanim International Food Corporation (Ghanim), has successfully launched Brunei Halal range of products to the Singapore-based supermarket...
Daikin renews and extends its collaboration with Ceva Logistics Ceva Logistics, a leading global supply chain management company, has extended its agreement with Daikin AC Spain SA, a leading global company in the design, production and distrib...
New WWPC member appointed for North Brazil/Amazonia Based on the growing number of significant projects in Brazil, the out-of-gauge cargo specialist WWPC (Worldwide Project Consortium) recently appointed Aerobrasil to repr...
Port of Dunkirk takes control of internal rail network Dunkirk recently became the first French seaport to take over control of its internal rail network. A governmental decree, issued on 4 March 2008, gave Dunkirk the possibility...
Port of Zeebrugge: more cars and more containers The port of Zeebrugge (Belgium) has reported an increase in throughput. In the first nine months of the current year a total of 37.3 million t of goods passed over the port's quays...
German logistics congress from 20-22 October in Berlin The 27th German Logistics Congress is taking place from 20 to 22 October in Berlin. The motto of the German Logistics Association (BVL)'s event is "Growing intelligently"...
Costamare heads to Wall Street BOX SHIP owner Costamare today filed for an IPO of 13.3M shares, seeking to raise proceeds to pay for expanding its fleet
Sarkozy orders blockade lifting FRENCH President Nicolas Sarkozy said today he has ordered authorities to lift blockades imposed by protesters at all fuel depots in France
Bourbon plans drybulk exit FRANCE'S Bourbon has followed up the sale of the group's 16-vessel Supramax fleet to Genco Shipping & Trading by announcing the sale of its remaining bulk shipping business
Wärtsilä orders rise 160% FINLAND'S Wärtsilä has reported a major rise in orders from its ship power business in the third quarter ' in the same week that it unveiled more job cuts
Wilh Wilhelmsen lent $232M NORWAY'S Wilh Wilhelmsen announced today that it has secured $232M in Japanese loan financing for two ro-ro newbuildings
Vopak wins Santos bid DUTCH tank terminal operator Royal Vopak has won the right to rent an area at the Brazilian port of Santos with a bid of 52.8M reais ($32M)
Typhoon forces oil shutdowns CNOOC has evacuated crews and shut down production at several platforms in the South China Sea as Typhoon Juan accelerates towards China's southern coast, IHS Global Insight reported today
Costamare reveals $260m IPO Greek owner comes clean about New York listing in a move which will take Gregory Zirkos back to Wall Street.
Navig8 caught in bunker beef Million-dollar security payment sits in escrow while Singapore-based tanker operator fights Liberian owners' fuel efficiency claim.
'Not so fast, Norden' Dane's tanker Nord Fast pulled over in UK with sleepy driver while Grimaldi ship suspected of pollution.
Vijay Sheth plots comeback Former Great Offshore chief is planning a return to shipping, starting from scratch.
Seacor wing inks Aussie deal New York-listed shipowner's aviation arm grabs 33% slice of Australian aerospace outfit as Oivind Lorentzen settles into CEO seat.
Saipem strikes offshore pacts Italian construction giant clinches nearly $1bn worth of offshore installation contracts.
Gotland gets less as costs rise Swedish tanker and ro-ro owner's 2010 profit weaker despite revenue rise.
Big John slices Northern stake John Fredriksen dumps shares in Northern Offshore to squash "unintended" takeover bid.
Wilhelmsen gets $232m loan deal Norwegian owner secures major part of finance for biggest ever ro-ro newbuildings from Japanese banks.
Frontline cut as rally hope fades John Fredriksen-led tanker titan downgraded to sell by Pareto as rate forecasts are chopped.
U-Sea snaps up Chinese duo Ultragas-owned company claims newbuilding brace on order at Zhoushan Jinhaiwan Shipyard on 12-year deals.
Omega Navigation bounces back Greek product tanker owner watches revenue rise in the second while top brass continues to fight for covenant extensions.
ITC may sell four more VLCCs Bond affiliate of Fredriksen-led company considers offloading tankers as prospect of more charters disappears.
Marco Polo wins barge deal Singapore owner's Indonesian shipyard builds orderbook with six-unit contract.
Wartsila order intake rises Finnish engine builder reports a 160% rise in third quarter order flow as newbuilding levels return.
Seli 1 salvage costs mount South Africa has spent $3.44m on removing bulker that grounded last September, as crack found in hull.
Ship lost power off Netherlands Norwegian-owned Nina helped by salvage craft after fuel problem off Terschelling.
Akron ship escapes pirates UAE owner which has previously had ships hijacked and attacked sees tanker evade armed assault off Somalia.
Bug hits Caribbean Princess Tourism operators in Canada warned of vessel's arrival with passengers suffering from norovirus-like symptoms.
Teekay looks at buy-backs With stock trading at 40% discount to net asset value shipowner plans to resume repurchasing shares.
Tallink continues under Pant Estonian ro-ro owner's CEO persuaded to stay in top job despite saying he could quit this year if it made profit.
Euronav loss looks grim Listed tanker owner's third-quarter shortfall sheds light on market turmoil as chief executive slams competition's spot strategy.
DSME makes more in third Korean yard giant Daewoo builds profit in third quarter despite small drop in revenues.
NCSP wants Primorsk deal Novorossiysk port operator lining up $2.15bn takeover of northern Russian terminal.
Maersk to cut Asia capacity Changing market demand prompts Danish giant to withdraw 10% of Asia-Europe capacity.
Sharp drop in Baltic Sea container volumes Container volumes fell nearly 25 per cent in the Baltic Sea ports in 2009, according to a Baltic Port List report covering 191 ports in the region. The downward spiral
Strong spurt sparks Tallink figures The Baltic Sea shipping company Tallink reports a strong fourth quarter of its 2009/2010 financial year. Its net profit was EUR 42 million, up 34 per cent. The net
Last large newbuilding from Denmark The bulk carrier Heroic is the very last major newbuilding from a Danish shipyard. The Heroic, hull no. 232, was delivered from Odense Steel Shipyard as the last in a
USD 20.3 million to restore Salem wetlands The US Coast Guard has awarded the department of environmental protection of the state of New Jersey some USD 20.3 million to restore nearly 200 acres of Salem County
Increasing demand for marine engines During the third quarter of 2010, Wärtsilä recorded a positive trend at all levels and stated that the market for marine engines continues to recover. By the end of the
Crude rises as dollar drops Investors worried about the slow economic recovery.
Losses across the board for bunker prices Strong demand in Rotterdam.
China's move raises anxiety over future energy demand Further dollar pressure may widen gulf in terms of growth between emerging and developed markets.
Fujairah bunker market softenng Tight barge schedule for prompt delivery in Fujairah.
Haze cuts visibility in Singapore waters Ships told to navigate with caution.
Hong Kong braces for super typhoon Bunker deliveries will be suspended when typhoon signal number three warning is hoisted, traders say.
Bunkering operations pick up at Fos-Lavera Rise in demand for bunker material in Gibraltar.
Bunker prices down mid-week Generally average demand at key Asian bunker hubs, according to traders.
Experienced trader joins Pakistani bunker supplier Cristy Malik has been working in Pakistan's bunker market for two and a half years.
Typhoon leaves Philippines with two bunker spills Recovery operations in place, according to Philippine Coast Guard.
Engine manufacturer develops guidelines to tackle emissions Targeting MAN B&W engines built in the 1990s 'not previously covered by any guidelines', says company.
Bunkering ops resume at most Philippine ports Super typhoon Megi moves out of the country.
Chimbusco September bunker sales up 11% Chimbusco on track to post record volumes for 2010.
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