Worst is over for shipping: Cosco chief The current decade belongs to Asia in general and China specifically.
S'pore wins big at Seatrade Asia Awards LOCAL firms and individuals turned in a solid performance at the Seatrade Asia Awards 2010 last night, winning a string of heavyweight awards at the gala evening at Shangri-La Hotel.
BP using robotic vehicles to plug leak British oil giant BP used robotic underwater vehicles yesterday to try to cap a leaking well and prevent a growing oil slick in the Gulf of Mexico from developing into an environmental disaster.
DHL expanding high-value options DHL Freight has expanded its high-value services by extending the required security standards to LTL shipments. SMEs and major corporate clients can now opt for theft-proof overlan...
Swiss private mail service providers call for binding liberalisation measures KEP & Mail, the Swiss association of private mail service providers, underlined its demand for the binding establishment of the next liberalisation measures in the Swiss postal...
LH Dienstbekleidung contract with US army expanded The German company LH Dienstbekleidungs GmbH (LHD) washes personal clothes and equipment of US soldiers stationed in Germany. The US army recently expanded LHD's contract, signed i...
Hamburg Süd performance in 2009 Hamburg Süd, too, was gripped by the world economic and shipping crisis. At 2.3 million TEU, shipment volume in the liner business was 13 per cent down in 2009 on the previous year...
Throughput up in the ports of Vlissingen and Terneuzen Zeeland Seaports, the port authority that runs the Dutch ports of Vlissingen and Terneuzen, has reported that throughput in the two hubs rose by 15% in Q1/2010, in comparison with ...
Fraport prepared to waive aircraft grounding parking costs Fraport, the operator of Frankfurt airport, will not ask airlines to pay for costs that arose as a result of the recent aircraft groundings. Fraport said that it will not ask for p...
Eurogate seeks to delay JadeWeser launch further Terminal needs turnover volume of almost 1m teu to start, says Eurogate president Emanuel Schiffer
Eurogate further delays JadeWeserPort construction
Bailed-out box lines increase market share Chilean line CSAV, Israeli line Zim and Hapag-Lloyd all gain ground, according to latest figures from Alphaliner
US moves to sell AHL arrested ships Government looking to recoup $91m after the Maritime Administration bailed AHL Shipping out in a bond default
Panama Canal transits fall Drop in transits mirrored by reduction in waiting times
Deepwater Horizon well leaking 1,000 barrels of oil a day Spill has potential to unleash ecologicial disaster
China blinks in ore price fight CHINA'S government-owned steelmills have begun importing iron ore on bulkers under quarterly based price rises demanded by global mining groups, IHS Global Insight reported today
UN funds pirate prosecutions A UN BOARD has reportedly approved $2.1M in funding to assist the prosecution of Somali pirates
Unifeeder eats into UK market DENMARK'S container feeder and shortsea operator Unifeeder is expanding into the UK, cementing its lead in northern Europe's market
Socrates brandishes a shovel SIXTY ships are already booked for next year at the upgraded Leixoes's port, Portugal's Prime Minister José Socrates revealed at an opening ceremony for work on its cruise terminal
Pirates attack four ships A JAPANESE VLCC was one of four ships reportedly attacked by pirates in separate incidents off Somalia
Eurogate profits drop 59% GERMAN container terminal operator Eurogate is forecasting stable or slightly improved profits for 2010 after a 59% drop in net earnings last year
APM backs PPP for ports DENMARK'S APM today stressed the importance of public-private partnerships for the development of ports
Paragon on $111m order spree NYSE-listed shipowner shells out millions to construct four bulker newbuildings at a Chinese shipyard.
Steel mills usher in new era Analyst says China may adopt a new steel pricing scheme while the drybulk sector waits for a seasonal steel surge.
Greek tanker held in US Authorities detain chemical carrier as 'whistle-blowers' land ship in lock-up following magic pipe probe.
Crew evacuates offshore rig Workers abandon oil rig in the US Gulf while Transocean despatches drillship to join operation to cap Deepwater Horizon's underwater well.
DSM closes on Nigg rescue Demolition firm buys land next to Scottish shipyard as part of rig-scrapping plan.
Star in Noble legal spat Magic pipe case sparks two-way arbitration fight between Star Reefers and Fleet Management.
Shipping fortunes on the rise John Fredriksen is worth more than Richard Branson and Helene and Marianne Odfjell have more money than the Queen, UK rich list shows.
Cantor's cautious industry outlook Cantor Fitzgerald's shipping sage warns investors to be wary as Wall Street gears up for earnings season.
Chilly rates trip up Star Star Reefers's profit slashed as rates head below cost levels prompting possible mass lay-up.
Storage surges 75% in a week Twenty VLCCs are now being used to store dirty products at sea, says Morgan Stanley analyst.
VLCC prices still climbing Clarksons slaps a $110m price tag on a VLCC resale, up $5m in only one week.
Ven-Trafiken cancels order Swedish owner pulls out of ferry deal after Spain's M Cies yard sought bankruptcy protection.
DP World eyes growth Dubai-based ports giant forecasts better 2010 performance but warns of unpredictable markets.
K Line VLCC attacked Slight hull damage to fully-laden Japanese tanker which evades hijacking in Arabian Sea.
Rig spill threat to shipping? Pollution from wrecked drilling rig Deepwater Horizon extending towards Gulf of Mexico shipping channels.
New yards for Russia Russia's Primorsky territory plans two shiprepair plants in addition to Daewoo and Yantai Raffles ventures.
MISC tanker hit again Malaysian owner's Bunga Melati Dua, hijacked in 2008, comes under pirate fire in Arabian Sea.
KSEW on comeback trail Pakistan yard lures first overseas shiprepair customers in 10 years, targets new shipbuilding business.
Novoship notches much less Sovcomflot-owned Russian tanker company suffers 62% profit plunge in tough 2009.
Alafouzos confirms Samsung brace Aristides Alafouzos-led Argonaftis Investment admits double tanker buy at South Korean yard.
Forth Ports losing patience? UK operator wants Takeover Panel to impose deadline on Northstream bid, report claims.
Bulker goes adrift off Turkey Tug assistance needed after Hanaro Melody suffered engine failure in Sea of Marmara.
Ship held over oil dumping SDS Navigation ship detained in Marseille after 22km slick spotted off France.
Two hurt in barge blast Tank barge rocked by explosion at LBC Tank Terminals on Mississippi River.
Reef return for Shen Neng? Deliberate sinking of Chinese bulker and use as artificial reef a possibility if salvage goes awry.
SembCorp contests PPL sale Singapore yard group says Baker Tech's plan to sell shipyard stake have triggered its pre-emption rights.
Callao coke cargo cracked Peruvian port police pinch pricey powder payload in shipping container bound for Europe.
UK ferry terror-plot fear Intelligence reports suggest Irish dissidents want to use lax ferry security to smuggle bomb into England.
Qatar Nav boosted by merger Qatari container line pockets healthy extra profit after merging with tanker player Q-Ship.
Rickmers Maritime reborn Singapore-listed shipping trust cuts remaining newbuildings and rearranges top up loan facility.
Huge tornado hits US shipyard Northrop Grumman plant closed after being hit by deadly twister in Mississippi.
Northern nails fresh credit John Fredriksen-backed driller Northern Offshore secures eighteen month revolving credit facility from trio of banks.
U.S. charges eleven Somali pirates Eleven men from Somalia have been brought to the United States to face piracy and other charges for attacks on the U.S.S. Nicholas and the U.S.S. Ashland. Five of the
ROV units locate oil spill from Deepwater Horizon Two ROVs (Remotely Operated Vehicles) from the U.S. Coast Guard have located two places where oil is leaking from the well pipe and estimates indicate that up to 1,000 barrels
Distillates show strong gains Meanwhile NYMEX showing losses in early trading.
Bunker prices start the week firm in Middle East hub NYMEX showing early trading losses.
Lukoil begins supplying in Istanbul IFO deliveries could start as early as June or July.
Houston port to consider awarding $7 million to reduce emissions Commissioners look at reimbursing Maersk Line $1.5 million for fuel switching initiative.
WWL achieves 32% cut in GHG for 2009 Says it has saved SO2 equal to annual US emissions from road vehicles over nine years.
UK broker on the move Lindsay Blee will be in new offices from May 10, 2010.
O.W. Bunker appoints trader Fiona Zhao joins Shanghai branch, one of the Group's Asian offices.
Key ports see rise in prices Tokyo Bay sees double digit gains on Monday due to approaching holidays.
Gazprom is world's 'most profitable' firm ExxonMobil still ranks higher in cumulative ranking of size.
New Pakistan firm offers marine lubricants Offers marine lubricants and ship chandling at leading ports.
Mitsubishi Heavy Industries completes first STG system Super Turbo Generating system, which reduces fuel cost of vessels by 10%, will be delivered to APM Maersk.
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