Tanker rates poised for hike: report The world tanker market stands to benefit if an improving economy and declining oil inventories prompt the Organization of the Petroleum Exporting Countries to increase production, according to a report from Jefferies & Co.
Ships in key strait risk terror hits Al-Qaeda could target ships in the strategic Bab al-Mandab strait between Yemen and Somalia but could never completely control it, Yemeni Foreign Minister Abu Bakr al-Kurbi was quoted on Tuesday as saying.
UN urges East Asia to protect its seas The East Asian economy could suffer seriously if seas are not protected, according to the United Nations Environment Programme (UNEP), Vietnam news agency reported on Tuesday.
Smith Holland and Contargo: sensitive goods in safe hands Contargo GmbH & Co KG, in cooperation with Smith Holland BV, is now expanding its network of reefer service stations. Following a successful start at the Basel MultiTermin...
TNT reports steep drop in earnings The Amsterdam (Netherlands)-based postal operator TNT announced that its profit plunged by more than 50% from EUR 556 million in business year 2008 to EUR 281 million ...
Bibby wins contract with First Milk in West Wales The UK-based forwarding and logistics group Bibby Distribution has been awarded a new contract to provide a farm collection service for farmers' cooperative First Milk in West Wale...
Hermes lands major contract from Next in Great Britain The German parcel service provider Hermes has secured a new eight-year contract with the British fashion chain. The agreement is Next's biggest ever home delivery deal in the UK, a...
Iraq-Turkey rail link reopened - extension to Syria on drawing board Turkey wants to refurbish and expand its rail network in the Turkey-Syria-Iraq triangle. The national railways of Turkey, Iraq and Syria have agreed to collaborate in ...
InterRail and KTS Kaztransservice step up collaboration Switzerland-based InterRail Holding AG, a member of the TransInvest Group, and Kaztransservice AG (KTS), the container subsidiary of Kazakhstan Temir Zholy, the country's state rai...
SICIS combines container monitoring and ship tracking The shared intermodal container information system (SICIS), an IT platform that forms part of the EU's Integrity project, went into use in September 2009. Since then SICIS has...
Hamburg Süd upgrades services in Mediterranean, Gulf and Caribbean Area The German shipping company Hamburg Süd has decided to replace its current Med-Caribbean service through a slot charter agreement with Hapag-Lloyd's MGX service. The new integrated...
Ecu-Line joins forces with INTTRA to offer the first universal NVOCC documentation platform Ecu-Line, an Antwerp (Belgium)-based NVOCC, has signed a pilot agreement with INTTRA, the leading e-commerce platform for the ocean freight industry. The contract will enable Ecu-L...
Gefco collaborating with Air China The Gefco group, an international service provider based in Paris, has signed a block space agreement with the Chinese carrier Air China. The deal guarantees that Air China will re...
African Airlines Association: new secretary general starts work The Nairobi (Kenya)-based African Airlines Association (AFRAA) has reported that its new secretary general, Nick Fadugba, founder and CEO of the aviation consultancy comp...
FedEx operating first Shanghai-Memphis service The US express service provider FedEx recently launched its first Boeing B777 cargo service from Shanghai (China) to its hub in Memphis, TN (USA). The new service gives c...
Lufthansa pilots' strike unexpectedly deferred The pilots' strike at Lufthansa has unexpectedly been put off after just one day. The largest German airline and Cockpit, the pilots' trade union, met before the Frankfurt labour t...
US regulation bill threatens railroads The Association of American Railroads (AAR) has spoken out against proposed legislation in the US Congress to change regulation of the industry. The proposal threatens well-pa...
Iran steps up the pace of Teheran-Mazandaran highway construction The government of Iran has announced plans to set up a working group to speed up the construction of the Teheran North motorway. The scheme was first proposed in 1965, but not give...
YRC Worldwide gets fresh cash YRC Worldwide Inc has entered into definitive agreements with investors who have agreed to purchase USD 70 million in new unsecured convertible notes in a private placement. Bill Z...
TCB Railway increases frequencies to and from Barcelona The Spanish company TCB Railway has consolidated a range of services in order to increase its train frequencies and offer its clients better services. The cargo service from Barcel...
Contargo adding Frankfurt and Duisburg to reefer network The container logistician Contargo is set to expand its reefer service stations in collaboration with Smith Holland. Contargo wants to provide reefer services at the Frankfurt and ...
VSM: save Germany's yards GERMANY'S shipbuilding association VSM has called for Berlin to forge urgent new policies to ensure the sector's survival
Greek banks face squeeze A NEAR-term effect of the Greek sovereign debt crisis could be a reduction in shipping lending by the country's domestic banks
Bangladesh breakers stymied BANGLADESH continued its breaking crackdown today, sparking shutdowns at about 100 scrapping yards and leaving more than 30,000 people out of work
Big clean-up bill hits COSCO CHINA'S COSCO has been hit with a bill of about $34M by Norway for cleaning up after the grounding of the bulker Full City, Fairplay was told today
US box carriers disappointed US CONSUMER confidence fell sharply in February, frustrating hopes of a speedy turnaround for box carriers in the finished-goods segment
Five of six Total strikes end STRIKES at five of Total Oil's six refineries in France ended today when the CGT union accepted Total's pledge to keep the facilities open for at least five years
Box ship saved from pirates A TURKISH warship has reportedly foiled pirates attacking an 8,106teu APL box ship in the Gulf of Aden
Tropical weaker Nicor-owned Tropical Shipping posts a fourth quarter profit but volumes and operating income continue a steady decline.
Dolphin sold Brokers say D'Amato di Navigazione has sold a seven-year-old panamax products tanker to Felipe Menendez-led Ultrapetrol for $32m.
Star downgraded Dahlman Rose downgrades Star Bulk Carriers to "hold" based on the company's older fleet profile and active role in risky derivatives contracts.
Loophole probed Could a collection of signatures from Sovcomflot directors prevent it from claiming damages against Yuri Nikitin even if disputed deals proved unlawful?
JES turns red Singapore-listed Chinese shipyard group suffered in 2009 as costs rose and revenue fell.
MISC halved Liner and chemical loss as well as weak petroleum markets send Malaysian owner to reduced profit.
Ro-ro bonanza Philippines state bank aiming to fund purchase of 46 cargoships for "missionary routes" over next four years.
Burmese bidding Myanmar's government invites private companies to run six Yangon terminals, plus build more.
Taxes save Rieber Sven Rong-led offshore vessel owner stays in black due to large tax income on recent Supreme Court ruling.
Li readies cash Port magnate and Hong Kong billionaire Li Ka-shing set for $1.5bn of investments in UK businesses.
Record breaker UAE shipyard Abu Dhabi Shipbuilding posts best-ever annual profit in 2009.
Rig riches Fredriksen-linked drilling company Scorpion Offshore posts six-month profit jump as operating days rise.
Strike off Last-minute talks avoid pilot walk-out at Welsh oil port of Milford Haven
Deal sealed Dutch dredging group Boskalis launches its takeover offer for Smit on Thursday with the full backing of salvage group's bosses.
Star stays red Akis Tsirigakis-led bulker outfit slumps to fourth quarter loss on lower revenues and higher costs.
Cargoship sinks Comoros-flagged Alborada goes down off Greece in storm, but all five crew saved.
Barges sunk Two coal-laden vessels went down in Ohio River after their tug hit a bridge.
Canned ships up Cancelled containership newbuilding orders have now reached 140 ships, says Alphaliner.
In the balance Nexus Floating Production posts fourth quarter profit but its future remains in the hands of its bondholders.
Jungerhans slows German shipowner is the latest to adopt slow steaming strategy; to retrofit vessels with Wartsila kit.
TTA pick Ragnar Former Masterbulk Pte chief executive set to take over shipping reigns at Thoresen Thai Agencies.
Capital prices Evangelos Marinakis-led Capital Product Partners sets price level for planned issue of 5.8m new shares.
OOCL ups rates Hong Kong liner operator set to implement peak season surcharge on Aussie bound cargoes.
BWO SGX bound BW Offshore boss Carl Arnet says the FPSO specialist is set for a dual-listing in Singapore.
Long Beach higher US west coast container port has reported a second consecutive month of growth in volumes.
Tax verdict turns loss to profit for Norwegian owners Reports for the last quarter last year from Norwegian shipowners show that the Norwegian government's defeat in the tonnage tax case came just at the right time for many owners
140 container carriers cancelled Orders for 140 container carriers with a combined capacity of 436,000 TEU have been cancelled, according to Alphaliner. It corresponds to almost seven per cent of the order book in
Obese seafarers ' growing problem in Norway 511 Norwegian seafarers had their health certificates withdrawn in 2009, up 20 per cent from the previous year. The great increase is largely due to a growing number of obese
New Danish maritime minister Brian Mikkelsen became the new Danish minister for maritime affairs on Februari 23, after a major reshuffle of the government under the leadership of Prime Minister Lars L'kke Rasmussen. Brian
Concordia from black to red Swedish Concordia Maritime reports a SEK 81.1 million loss after tax, compared to a profit of SEK 95.8 million the previous year. The company's net turnover increased from
Shipbreakers protest against environmental decree Some 30.000 workers from Bangladesh's shipbreaking industry are reported to have been protesting against the government's new environmental policies. 'The government order is tantamount to a death sentence for
Mukhin leaving Bunker Holdings Evgeniy Kelmanov has been appointed as the new director.
Prices fall across Europe Low demand for IFO in Hamburg.
IFO prices dip in Fujairah Fuel oil prices weaken in Middle East hub but distillate prices firm.
Markets see bullish side of stockpile report Traders focusing on gasoline demand as last week's figures released.
'Significant step' toward more fuel choice MAN Diesel and DSME cooperation could make LNG a fuel option for more ships.
Fujairah players pay high premium for fuel oil cargo Interest from Middle East traders reported to be 'strong'.
Asian prices tumble But spot demand weak as buyers exercise caution.
Markets still have long way to travel to recovery Hedgers who heeded previous recommendation for Singapore 180 cSt fuel oil would be sitting on 'significant gains'.
Maersk lays up high bunker consumption ships The 'B Class' vessels are designed to hit speeds of up to 30 knots.
CEPSA strengthens bunker services in Panama Deploys new barge at the Atlantic side of the canal.
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