TSA seeks US$400 per 40-foot box rate hike on Asia-US route AP Moeller Maersk, the world's largest container line, and 14 other shipping companies agreed to seek rate increases of US$400 per 40-foot box on Asia-US west coast routes next year as the rebounding global economy revives cargo demand.
Pirates undeterred by trials Ten Somali men go on trial for piracy today in this maritime city, the first such case in Germany in some 400 years.
Basel logistics cluster enters third phase The Basel logistics cluster, which was launched one year ago with a study of the logistics industry in Basel (Switzerland) by St Gallen university's chair for logistics management,...
Austrian post office increases profits but loses sales In the first nine months of the 2010 financial year the Austrian state-owned postal service provider 'sterreichische Post's sales declined by 0.6% vis-'-vis the like-for-like perio...
DHL expanding in Malaysia DHL has expanded the freight management operations of its Global Forwarding arm in Penang (Malaysia), in order to provide customers with value-added services in one of the country'...
More than 500 seafarers still held by pirates The world's independent tanker owners, Intertanko and its members are pleased that Paul and Rachel Chandler have been freed from captivity after more than a year of being held by S...
New company offers maritime security project support The maritime security expert Nick Davis has set up Security Boat Services (SBS), to provide capability and asset enhancement through the supply of suitable security vessels, profes...
Port of Oakland and CMHI in China perishables export agreement The port of Oakland and China Merchants Holdings International (CMHI) entered into an agreement to market and develop supply chain solutions for US exports, particularly agricultur...
Allan Geert Nielsen of Geodis wins Danish transport industry award Denmark's leading freight and logistics companies and their customers have recognised Geodis Wilson's Danish managing director Allan Geert Nielsen for his innovative approach to th...
German banks urge shipping company revamp Mergers are needed to establish larger and more creditworthy structures to attract financing from the country's shipping banks
V for victory: Global recovery shaping up
Retreat by banks cuts owners' finance options
KG model remains in deep water but cannot be written off
Bouchard agrees $7m payoff in oil spill case Additional fine to settle civil lawsuit brought by US government involving Buzzards...
A costly environment for owners
Seroja, Chinese partner to acquire two 80,000 dwt bulkers at $33.1m each China's Zhoushan Jinhaiwan Shipyard will build vessels for delivery end of 2011
Grand China Logistics harbours stratospheric...
Ezra Holidings to invest $130m on four platform supply vessels Company lands $51m worth of new charters for six offshore support units
APM raises €500M with bonds AP MØLLER-Maersk has sold €500M ($683M) in seven-year bonds in another effort to raise funds, it told Fairplay today
Safe Bulkers fattens orderbook NYSE-listed Safe Bulkers today announced yet another Kamsarmax newbuilding contract, bringing its orderbook to eight
Irish shipping dodging storm IRISH shipping hit back today at fear that the national banking crisis has closed it for business
Cruise crew allowed home UKRAINE said today crew members stuck on an arrested cruise ship in Venice since mid-October would finally be allowed to go home next week
Storm damages Brazil port BRAZIL'S Vale said today storm damaged will disrupt shipping operations at its Praia Mole terminal near Vitoria
Marseilles clears ship backlog MARSEILLES said it will unload today the last of the 78 tankers that were held up by the strike at its Fos and Lavera oil terminals
Europe takes US distillates THE US has been shipping extra middle distillates to Europe in recent weeks to compensate for shortfalls caused by French strikes, BoA Merrill Lynch said today
Will and Kate show hijacks centre stage from Somali pirates If not for the announcement this week of the forthcoming wedding of Prince William to Kate Middleton taking copious columns in broadsheet and tabloid newspapers - not to mention reel-to-reel 24/7 coverage on television channels - the arrival back in the UK of the gaunt-looking Paul and Rachel Chandler, the British 'yacht couple' released by Somali pirates at the weekend, would have continued to focus minds on the growing piracy crisis.
U-Sea Bulk sinks to loss Fearful freight forecasts proven accurate as Ultragas-controlled bulker owner sees third quarter profit plummet by 212%.
Safe takes kamsarmax sister New York-listed owner pays out $34m for a new bulker at Zhejiang Ouhua in China.
Cosco ship escapes pirates Chinese vessel and German boxship both avoid hijacking large distances from Somali coast.
ACL shares hit the shelf Michael Ryan-led tug and barge owner paves the way for $108m share sale amid Platinum Equity takeover.
Quotes of the week Gard's Andresen is eyeing the heavyweight division while Norden's Mortensen comes out of his shell.
Stolt-Nielsen springs buyback Norwegian tanker titan on the brink of repurchasing $50m worth of shares.
Maersk ship bashes ferry in UK PSV Maersk Finder leaves "deep gouge marks" in NorthLink's Hrossey in Aberdeen collision.
New5 in Numb3rs NYK plots bulker binge while a Jinhui bulker gets grabbed by Greeks in Singapore.
CSDC turns to China Shipping for cash Hong Kong-listed owner scores $150m loan from parent, claiming bank loans are harder to come by in China.
Spill sparks Seacor payday New York-listed offshore owner dips into cash stockpile to help shareholders see silver lining in Deepwater Horizon disaster
Sincere earnings still slipping Taiwanese bulker owner sees profit slump in first nine months as costs rise and investment income falls.
AP Moller-Maersk back for more Danish group looks to take its fundraising from the bond market past $2.5bn as it lines up its third play in a year.
Unsigned COA still a valid agreement Court rules that dispute over four voyage coal charter should be resolved by arbitration.
Gydnia yard auction cancelled Lack of interest in Polish shipbuilder's "movable assets" prompts scrapping of latest sell-off.
Laid-up Danish trio sold on Two veteran cargoships heading for Haiti, while another will carry cows in Persian Gulf.
UK 'to feel piracy heat' Government 'not taking Somali pirates seriously enough' as hijackings threaten gas prices.
Stolt bags Gulf Marine VLGC trio Ghassan Ghandour-connected vehicle sells LPG carriers to Stolt-Nielsen Gas and grabs share slice.
Three bidders in for Kraljevica Croatian government receives trio of bids for state-owned shipyard Kraljevica.
Bulls run amok on Irish ferry Chaos erupts on Norman Voyager as truck tips over in bad weather, freeing 71 cattle and killing four.
Saevik sells Tomrefjord shipyard Per Saevik's Havyard Group has offloaded one of its two yards to a management team led by his brother Oyvind.
Blystad eyes quick cash grab Arne Blystad-founded Saga Tankers mulls 'one day only' private placement to raise under $10m.
Electric car caused ferry fire Charging of vehicle blamed for blaze on DFDS vessel Pearl of Scandinavia.
SCI confirms five more orders Indian owner goes to China for two VLCCs and three containerships at around $500m.
Vinashin to focus on yards Restructure of debt-ridden Vietnamese group to centre on shipbuilding after disastrous diversification.
Svitzer prepares to leave Swedish flagg Svitzer is preparing to re-flagg their Swedish flagged tugboats. "We have told our employees and the unions about our intentions. We want an open process", says Torsten Holst Pedersen
Capsized tug refloated ' Captain still missing The tug Fairplay-22 that capsized in Rotterdam has been refloated. A search team tried to locate the still missing Captain inside the tug, but was not successful. The tug
Ulstein received order for two Polarcus ships Dubai-based, Oslo-listed seismic vessel operator Polarcus has ordered two new seismic vessels of the SX134 type at Ulstein Verft. The yard has designed and built several seismic vessels
EMSA hires new response vessel The European Maritime Safety Agency, EMSA, has signed a new contract to provide pollution response by using the Cyprus-based tanker Alexandria. "The newly contracted vessel considerably strengthens EMSA's oil
Criminal investigation completed in Arctic Sea case The Russian Prosecutor General has completed the indictment against six men, all ethnic Russians but four living in Latvia and two in Estonia, accused of the hijacking of Arctic Sea
2010 ' ice-fee free year in Danish waters Danish Minister of Defence Gitte Lillelund Bech has decided to remove the annual ice fee for sailing in Danish waters in 2010. The fee is around DKK 10 million, which
Markets end week with mixed prices Crude lowers as China tightens its monetary policy.
EMSA adds tanker to oil spill response fleet Newly-contracted vessel 'considerably strengthens EMSA's oil-spill response coverage of the Eastern Mediterranean Sea'
New European maritime venture to include bunkering services Bunker barges included in new marine services partnership.
American Marine Group faces fine following spill Virginia state regulators find insufficient preventative and cleanup materials to fully remediate discharge.
BC Ferries announces Q2 results Canadian ferry company records decline in earnings, and passenger traffic.
Bunker barge deployed in Maputo ABS strengthens its operations in Mozambique.
Fujairah bunker market strengthens Durban deliveries available for supply up to and including November 30 to December 3.
Rotterdam bunker market firms IFO bunker prices in Hamburg falling.
LNG to become 'dominant fuel' for global fleet Environmental pressures mean LNG is 'only realistic option', says Det Norske Veritas.
Bunkering restarts after 10-month break South Korean ports of Daesan, Taean and Tangjin to resume supplies under tighter regulations.
Carbon regulations will accelerate drive to nuclear fuel Charging for CO2 emissions will push ship operators away from fossil fuels, says maritime consultant.
Chemoil announces changes in board of directors Promotes Peter Meade to lead independent director while adding Steven Simpson to board.
Bunker prices lack direction as week closes Mixed demand at key Asian bunker hubs, traders say.
Bunker operations in Colombo 'back to normal' after spill Local authorities now more strict with bunker operations, says supplier.
Dan-Bunkering expands Shanghai office New marketing executive joins Shanghai team from October 2010.
Funding partners under review for Kochi bunkering project Five companies shortlisted to provide financing details to port authority.
Sinopec Zhoushan targets two million mt bunker sales in 2011 Plans to expand operations to Qingdao, Shenzhen and Fuzhou by early 2011.
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