Baltic pressing on with central screen launch The Baltic Exchange is pressing ahead with launching a central screen as soon as it can to trade dry bulk freight derivatives despite broker worries over current proposals and a potential challenge from a separate platform.
Sea freight index slides 2.5% to new one-month low The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in a month on Tuesday as slower trade weighed on sentiment.
Mid-East demand fails to clear supertanker surplus Strengthening demand for supertankers to load two million-barrel cargoes of Middle East crude oil failed to reduce a surplus of vessels competing for shipments.
Swiss reports death of chairman of the board of directors Swiss International Air Lines has announced that Rolf Jetzer, its chairman of the board of directors, suffered a heart failure and passed away unexpectedly whilst hiking in the mou...
Fiege phases in new logistics terminal near Lisbon Fiege, an international logistics group based in Germany, is expanding in Portugal. Today (22 September), the company is commencing operations at a 28,000 sqm state-of-the-art logi...
Dachser opens new logistics centre near Copenhagen The German company Dachser has opened a new logistics centre for Copenhagen on a 70,000 sqm plot of land in Hvidovre (Denmark). The global service provider is investing around EUR ...
Ceva supports Peacocks' supply chain Logistics service provider and SCM specialist Ceva Logistics has signed a contract worth EUR 19 million with Peacocks, a value fashion retailer. Ceva has a long-standing relationsh...
NTU and IATA work together to develop human capital for global aviation industry Singapore's Nanyang Technological University (NTU) and the Geneva-based International Air Transport Association (Iata) have signed a memorandum of understanding (MoU) to colla...
AirBridgeCargo adds fourth destination in China AirBridgeCargo Airlines is extending its all-cargo services from China with a new twice-weekly B747-400 freighter flight from Zhengzhou to Europe. Flights from the capital of Henan...
Vopak to invest at Algeciras LIQUID bulk operator Vopak is to invest €130M ($173M) to build and manage a bunker storage terminal, the Algeciras Port Authority said today
Armenia gets Russian seed grain ARMENIA is importing 1,000 tonnes of Russian seed wheat, despite its neighbour's much-publicised ban on grain exports
Hapag-Lloyd targets $500M HAPAG-LLOYD said today it aims to raise $500M in new finance, enabling the line to repay loans from its parent, TUI
US to spend $7M on shortsea US SHORTSEA shipping has received $7M in grants from MarAd for projects aimed at taking trucks off crowded highways
Genmar ties up tanker sextet Peter Georgiopoulos-led shipowner targets $126m from series of time charters as Trafigura continues its quest for tanker tonnage.
Maran Gas pens LPG extension John Angelicoussis-backed gas player ties up VLGC time charter with Naftomar, sources say.
Calais LNG lands USCG approval US Coast Guard gives thumbs up to one billion cbf per day LNG terminal but backers still face roadblocks.
Politician plots $50m port plan Connecticut gubernatorial candidate Dan Malloy says state should cough up cash to bankroll port development projects.
OIG targets $148m payday Clock ticking for Offshore Installation Group as Peter Harren-led alliance wraps up road show ahead of Oslo listing.
Bourbon crew kidnapped Three French crewmen have been hauled off an AHTS during a coordinated attack in the Addex oil field.
Japan holds 14 in August Goldenport bulker and Heung-A containership among shorter than usual list of detainees.
Offshore alliance inks Aussie gig Fugro and EMGS join forces to aid Woodside-backed energy exploration project.
PGS causes more pain in Spain Norwegian owner PGS cancels another newbuilding at Factorias Vulcano and wants EUR 40.5m in refunds.
Citi: 'Buy Cosco Singapore' Reduced risk of bulker cancellations and growing offshore orderbook draw upgrade for shipyard.
SG pact ends forex furore Shipbuilder SembCorp Marine nets $40m from bank to end three-year foreign exchange drama.
Golden cans Daehan bulker Herman Billung-led bulker owner calls a halt to capesize newbuilding deal at South Korean yard.
Yards open to SCI share sale State-backed owner may have finally broken into the shipbuilding arena with Bharati and ABG willing to sell stock.
IRTC 'attack' fear allayed Suspected pirates vanish after Thai-owned bulker reports being threatened in Gulf of Aden.
Hapag fixes its balance sheet German container line rips up state support package after restructuring debt.
Kalashnikov fired up by yard deal Ukraine shipyard Chernomorsky's boss says cooperation with Argentina's ARS should bring in new orders.
Manila contract under review Philippines government to re-examine deal with MNHP to run Manila North Harbor.
MISC going for less in IPO? Malaysian owner sets indicative price for listing of shipbuilding unit which points to smaller pot.
Now's the time for NOL? Macquarie doubles share price forecast for Singapore line as box rates recover.
Master shot dead in Philippines Filipino police likely to investigate possible link with vessel Captain Ufuk as "ship's captain" gunned down.
Pasha picks up state clearance Car carrier owner granted permission to operate in Hawaiian ports through 2013.
Looking handy for handysizes Shipping bank DVB backing smaller bulkers to shine as slow port development limits opportunities for bigger sisters.
Bermudian bashed on to rocks Bermuda loses cruiseship call after passenger tender goes aground in hurricane.
Thoresen offloads Skipper Thailand's Thoresen Thai Agencies has offloaded another of its elderly general cargo vessels.
New ferry ordered in Bangladesh Hundested-Rødvig Færgefart A/S has signed a contract with Bangladeshi Western Marine Shipyard Ltd in Chittagong for at new ferry for delivery in the spring of 2012. The newbuilding
WWF urges black water dumping ban According to the WWF (the World Wide Fund for Nature), less than half the cruise ships discharge their black water at the Port of Stockholm's black and grey water discharge
Green Feeder chooses Helsingborg The port of Helsingborg will get yet another feeder service. Cypriot Green Feeder will call at Helsingborg every Thursday with ships in the Hamburg-K'penhamn-Helsingborg-'rhus-Hamburg loop
Bunker prices soften in key ports Market move lower in line with crude.
Prices ease back in Fujairah, Suez Poor bunker demand in Fujairah.
More confusion than answers for markets Suggestions of soft energy demand down the road.
Bunker conference to vote on reducing GHG emissions Cap-and-trade would give bunker players a window into a 'multi-million dollar' trading market.
Partnership with MAN 'a milestone' for scrubber system Company says ROI is just 18 months for pure ECA operations already at today's low sulphur fuel premiums, and about six months from 2015.
Clean Diesel Technologies looks for marine market expansion Enters commission agent agreement with shipbroker to distribute its emission control products.
Singapore eyes LNG terminal expansion Developing long-term plan to meet future needs for LNG including as fuel for ships.
Midweek bunker prices fall on sluggish demand Weak demand in Asia's key bunker hubs due to ongoing holidays at some of the ports.
Fujairah oil terminal project attracts third investor Partners Socar and Aurora Progress considering addition of 'local investor'.
WFS concludes offering, raises $219 million Proceeds will be use for general corporate purposes which may include 'potential acquisitions'.
Karachi Port Trust increases berth charges by tenfold Local bunker suppliers annoyed; the country's bunker association to meet with KPT chairperson.
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