Maersk more competitive now than before crisis: CEO Cost cuts at Danish shipping and oil group AP Moller-Maersk have made it more competitive than before the economic crisis began, its chief executive said in a company newsletter.
New England ports prepare for cruise boom New England ports see a bright spot on the horizon as they prepare for what they expect will be a record number of cruise ships during the tourism season this year.
Multinational navies take on Somali pirates How do you tell the difference between a Somali pirate in a small boat and a largely identical, but innocent fisherman? It all comes down to the ladders.
Transcontainer and Gefco to found joint venture TransContainer, a Russian Railways subsidiary, and the French logistics service provider Gefco, signed a memorandum of understanding to establish a joint venture during the recent&...
FedEx finds good end to fiscal 2009/10 UPS, the second-largest US parcel service provider after FedEx, boosted its turnover in Q4 of the 2009/10 business year to USD 419 million, compared to a loss of USD 876 million in...
DHL Lemuir Logistics investing in India The supply chain management and logistics solutions provider DHL Lemuir Logistics Pvt Ltd is investing USD 10 million in a warehouse facility in the Chennai Free Trade Zone, India'...
Africa's largest mechanised cool chain handling facility on track The largest cargo handling facility at Nairobi's Jomo Kenyatta international airport (JKIA) is on schedule to complete its first phase in July 2010, when it will commence handling ...
Finnair agrees compensation terms for losses caused by volcanic ash groundings Finnair, the Finnish Consumer Agency and the Transport Safety and Security Agency TraFi have agreed the principles of compensation practice relating to air traffic halted by the vo...
Southern China halts connection to southern Kyrgyzstan Uzbekistan Airways discontinued its flights from Tashkent and Fergana (both Uzbekistan) to Urumqi, the capital of the Xinjiang Uyghur Autonomous Region in northwestern China, with ...
Dreamliner passes 1,000 hours of testing The Boeing B787 Dreamliner flight test fleet passed 1,000 hours of testing last Wednesday. The programme estimates that it is about 40% through the test conditions required to cert...
China coal imports soar in May CHINA has reported its coal imports rose by 17% in May as its economy bounced back
US protesters see Israel 'piracy' A PROTEST leader warned Fairplay today that a blockade preventing a Zim box ship being unloaded in the US will be just the beginning of similar global demonstrations
AHL files for US Chapter 7 JONES Act operator AHL Shipping has filed for Chapter 7 liquidation two months after its tanker fleet was arrested by creditors
Trafigura faces Dutch fines PROSECUTORS in the Probo Koala toxic waste case in the Netherlands have reportedly called for a fine of up to '2M ($2.47M) for the oil trading group Trafigura
Glory Wealth slapped by NCS Legal tab tops $100m as North China Shipping joins fight for Glory Wealth's US cash claim.
Stena pool adds eight Stena Sonangol suezmax pool set to swell as Principal Maritime throws seven tankers in the mix.
Fred Olsen Energy scores Norwegian offshore player bags $55m semi-submersible contract as UK supermajor heats up action in the North Sea.
Diana's box fund bags two Diana Containerships Inc buys its first vessels with $90m swoop for former Hartmann Reederei ships.
Matson Navigation veteran dies Former A&B and Matson Navigation boss Michael Wasacz passes at age 73 in San Francisco.
Hornbeck executives bet big Topp brass at Gulf Coast offshore outfit snatches shares while lawyers battle US drilling ban.
Evergreen rescues seven off Java Boxship Uni-Pacific plucks seven shipwrecked Indonesians from the water hours after leaving Indonesian port.
Have your say on the Power 100 list It is not too late to add your nomination to who should be on TradeWinds' next "Power 100" list.
Hanjin bulker grounds off NZ Hull of handysize Hanjin Bombay said to have been ruptured in grounding near Tauranga port.
Box rates enjoy 'mini-boom' A phenomenal rebound in container shipping has seen transpacific rates hit a five-year high.
Sovcomflot pens Gazprom deal Sovcomflot and Russian energy giant Gazprom move a step closer to ordering LNG ships for Shtokman project.
BWO in $650m Prosafe swoop BW Offshore moves to create the world's second largest FPSO player with cash and shares takeover of Prosafe Production.
Boxes abandoned in Lagos Government reveals 1,602 cargo units lying around at congested Nigerian terminals.
Torm tanker in clash with boxship No pollution reported following accident involving Danish aframax and giant MSC containership off Gibraltar.
Golar LNG buys back FSRU John Fredriksen-backed owner snaps up vessel from daughter company after banks cough up $125m.
Maersk outlook still murky Nils Andersen says second half prospects are uncertain despite claims container line has seen out the storm.
Maridive cans two at ABG Egyptian owner cancels offshore vessel duo at Indian shipyard, orders others in China.
Alaskan yard wants ferry deal Alaska Ship and Drydock prepares bid for $120m state newbuilding contract.
Five dead after Chinese clash Two more crew missing following collision between Panamanian and Cambodian cargoships off Liaoning.
Color Line extends one at STX Norwegian owner's ferry SuperSpeed 1 to get $16m extension at shipbuilder's Helsinki facility.
Mason quits ICS after four years Tony Mason leaves the International Chamber of Shipping with Peter Hinchliffe stepping up to fill the secretary general's seat.
Subsea 7 and Acergy merge Kristian Siem-led firm teams up with Nasdaq-listed rival in all shares pact.
Eitzen $93m to the good Axel Eitzen resigns as chairman of Eitzen Bulk after CECO completes sale to Ultragas.
Zim tries for general rise Israeli container line slaps $400 per teu increase on all cargoes between Asia, India and Europe.
Crew saved after sinking Five men rescued as their cargoship goes down in storm off Turkey.
Cargoship refloated off Turkey Two tugs pull Ukrainian vessel free after grounding in Istanbul.
Tanjung gets new investor Malaysian government-linked fund set to take 20% stake in domestic offshore vessel operator.
Hedland ore exports up The world's largest bulk exporting port has seen shipments of iron ore increase over 12% in May.
Bunker sales still strong Sales in Singapore see third consecutive month of growth as industry looks to record year.
PT Trada eyes bulker splurge Indonesian owner talks up five-ship purchase in effort to make its business more international.
Passengers rescued after ferry grounds Philippines coast guards take more than 300 people from Cokaliong vessel that got stuck off Cebu City.
BW Offshore in Prosafe take over bid BW Offshore, one of the world's largest FPSO contractors, has launched a take over bid of Prosafe Production, owner and operator of semi-submersible accommodation/service rigs. BW Offshore, which
BP fears Gulf oil well gushes out 100,000 barrels a day An internal BP-document estimates that up to 100,000 barrels a day could be gushing out from the well, 1,500 meters under the surface in the Gulf of Mexico, reports
The father of modern bulk shipping died The Danish/American shipowner Ole Skaarup died in his home in Connecticut recently, at the age of 94. Ole Skaarup was until his death chairman of the board of directors
Torm tanker rammed by container carrier near Gibraltar The Norwegian-flagged product tanker Torm Marina was damaged on Sunday in a collision with the container carrier MSC Camille. The Torm Marina was sailing some 32 nautical miles east
Subsea 7 and Acergy merge The offshore companies Subsea 7 and Acergy will merge. The new entity, to be named Subsea 7, has a market value of USD 5.4 billion, a global organisation of
Vessels collide in the Malacca Strait The aframax tanker Bunga Kelana 3 and the bulker Waily collided 13 kilometres off Singapore in the Malacca Strait ' an estimated 2,500 tons of light crude oil spilled into the
Prices lack direction across the board NYMEX sees gains in early trading.
Fujairah terminal receives first tanker 'This is a logical move from our well established bunkering and trading market,' says port official.
Prices firm in Fujairah NYMEX showing gains for more than $1 in early trading.
University to get funding for shipping emissions research Five-year programme intended to 'look at the totality of emissions from shipping in a holistic manner'.
Moller-Maersk wants more cost cutting Outlook uncertain for rest of the year, says CEO.
Tight Middle East market could ease Saudi Aramco sells 90,000 mt fuel oil parcel to Middle East trader.
Industry to pay for Washington spill response tug Vessels entering the Juan De Fuca Strait will pay an annual first time caller charge.
IFO prices gain at all major ports 'No avails' of bunker material in East Japan, traders say.
Pre-combustion technology cuts up to 40% of PM emissions Also reduces fuel consumption by 8-12%.
Southernpec to start physical bunker operations in Singapore Targeting to sell 100,000-200,000 mt of bunkers a month, says company official.
Sinopec (HK) leases Yangshan oil storage space Wants to capture bunker sales from container vessels calling at the port.
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