Shipping market still 'vulnerable', says Frontline Frontline Ltd, the world's biggest operator of supertankers, said the market is still 'vulnerable' after almost five months of unprofitable rates. The shares fell the most in 2 1/2 months in Oslo trading.
Viet PM admits failures in Vinashin case Vietnam's Prime Minister admitted government failures yesterday in the case of state-run shipping group Vinashin, which has been driven to the brink of bankruptcy ahead of a key Communist Party Congress.
Baltic index rises on Chinese coal imports The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose on Tuesday with Chinese coal imports boosting activity on the larger capesize vessels.
S Korea urges ships to take extra security measures
Latek Lojistik plans to build logistics centre in Kenya The Turkish logistics company Latek Lojistik is planning to build a logistics centre in Kenya. The logistics provider would like to offer storage and distribution services to its c...
UPS Logistics Technologies to be acquired by Thoma Bravo The US express service provider UPS has agreed to sell its UPS Logistics Technologies unit to Thoma Bravo LLC, a leading private equity investment firm. Financial details were...
Ceva invests to support growing home delivery business in the UK Ceva Logistics, one of the world's leading supply chain companies, has invested in a new UK customer contact centre and deployed an additional new vehicle fleet of 24 units to supp...
Safi Airways trying to bypass EU ban on Afghan carriers The European Commission's ban on flights from Afghanistan, which took effect on 23 November, is a serious setback for scheduled traffic between Afghanistan and Europe, as well as f...
Frontline profits but also warns FRONTLINE today reported net profits of $12.3M for 3Q10, compared with losses of $5.6M in the same period last year
Storm-tossed ship returns MAERSK Sembawang today returned to service, two weeks after diverting to Le Havre because it had lost 26 containers in a storm
Rare-earth exports resume CHINA has restored export shipments of rare-earth minerals to Japan after a two-month suspension, trade minister Akihiro Ohata said today
Vietnam-Lehman tie reported VIETNAM reportedly plans to restructure Vinashin, the debt-ridden shipbuilder, by bringing in the man who organised the break-up and sale of the Asian Lehman Brothers operations
UK seizes £500,000 in pot UK BORDER Agency officials said today officers have arrested a man in the seizure of 188kg of cannabis resin worth about £500,000 ($790,000) at Harwich's port
Frontline sells Navig8 stake FRONTLINE said today it has sold its 15.8% stake in Navig8, the Singapore operator of about 100 product and chemical carriers
EC warns Greece on crews GREECE was warned today that it risks EC fines if it fails to open to non-Greeks the positions of captain and chief mate on its flagged ships
Jensen: 'Thanks for your help' Frontline CEO takes a swipe at owners for not joining spot withdrawal but suggests 2011 will be "fairly good" for VLCCs.
Judge settles Trico OSV battle GE offloads one of three OSVs caught in bankrupt US offshore owner's road to redemption.
Maersk bites back in cake fight Tasty Danish riposte puts the knife into Nautilus' "let them eat cake" jibe over profits party.
Floatel closes in on Oslo float Swedish rig owner pins date and price range for $50m public offering in Norway.
Tsakos tanker to the rescue Greek owner's suezmax Triathlon plucks sailors from Atlantic after marathon shipwreck ordeal.
Tiete seals Transpetro tender 'Virtual' shipyard puts finishing touches on $231m newbuilding contract forged with Sergio Marchado-led tanker titan.
Greek strike misery drags on Ferry crews extend wage walk-out at ports until Friday at least, as they seek pay rise of 2%.
Cautious divi dents Frontline stock Frontline shares are on the slide in Oslo following a weak outlook and a smaller than expected third quarter payout.
Arbitrator to decide Restis row Ukrainian charterer calls in mediator after Greek bulker brought back to Mumbai in cargo dispute.
BBC inks US alliance German heavylift owner expands US footprint by forging fresh partnership with Teras Cargo Transport.
Mogster bets on bonds again Dof aiming to grab over $120m from a bond issue just weeks after a subsidiary completed an identical move.
Shih Wei on the wane Taiwanese bulker owner sees profit slip as investment income chopped back.
Stena Line to widen 2010 losses Swedish ferry company facing SEK 280m deficit this year, while Stena Bulk will also be in the red.
Devil is in the lack of detail Secrecy surrounding Tsakos Energy Navigation's plan for a pair of newbuildings is weighing on its share price, JP Morgan says.
Liner rise drives MISC Malaysian owner's profit lifted by better boxship rates and heavy engineering performance.
Maersk: 'Let them eat cake' Maersk Line's invitation for crew to eat cake in celebrating $4bn profit riles officers' union Nautilus.
Big John sells Navig8 stake Frontline has sold its stake in Singapore tanker operator at a modest loss.
UCS in talks over loan Russian shipyard group wants $1bn to build two new plants in the east with Daewoo and Yantai Raffles.
Dobson: 'No pirate boarding' Cypriot manager of tanker Norna N says razor wire prevented hijacking as sources say citadel used.
Golden Ocean boosted to buy Investors urged to pick up shares in John Fredriksen-led company which has "perfected the art of charter coverage".
Hong Kong detains four ships Hanseatic Lloyd boxship and Calany tanker among quartet of safety check failures.
Erhama debuts with tug order New $2.8bn Qatari shipyard to build 19 vessels for port of Messaieed, with more to come.
HHI orders jump 55% in 2010 Korean shipbuilding giant reveals big increase in new business to end-October as owners return.
All-Star launches new passenger run Philippines owner starting service to Bohol with ro-ro acquired from Korea.
Mermaid adds to war chest Australian offshore vessel owner takes acquisition pot past $60m as it completed latest share issue.
ITC uncertain over VLCCs Ending of bareboat charters for two tankers could hit Frontline-owned company's future profit, it warns.
Neptune axes chief exec Christian Lange has effectively been given the boot at Australian offshore engineering company.
Volgograd edges into profit Russian shipbuilder turns around big loss last year in first nine months of 2010.
Long Beach bucks trend Total container volumes at the US west coast port have reached their highest level in three years.
Wisby Tankers investing heavily ' orders two asphalt tankers Finally it was confirmed, the rumour that has been circling in the market for a while: Wisby Tankers is investing heavily and orders two asphalt tankers on 15,000 DWT each
Six flag states spotless Six out of 107 flag states came through without remark on this year's Flag State Performance Table. The table is issued yearly by the Round Table of international shipping associations
Large part of container fleet on extra slow steaming Currently, 93 per cent of the Far East'North Europe loops and 80 per cent of the Far East'Mediterranean loops have adopted Extra Slow Steaming, ESS, French Alphaliner estimates
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