Somali pirates abandon stranded vessel Somali pirates on Saturday abandoned a vessel they seized early this month without ransom or violence after it ran out of food, fuel and drinking water, an environmental organisation said.
Newcastle to keep coal-ship schedule amid protests Coal shipments from Australia's Newcastle port, the world's biggest export harbour for the fuel used in power stations, are expected to continue as protesters attempt to blockade the shipping channel.
Via Mat opens new branch for valuables in Dubai Via Mat International AG, a global specialist for valuables based in Kloten near Zurich (Switzerland), recently opened a new branch office in the United Arab Emirates. The firm now...
Kerry Logistics opens new chemical tank depot in Thailand Kerry Logistics has strengthened its chemical logistics footprint in Thailand by opening a 10,500 sqm ISO tank depot that incorporates a 1,000 teu storage facility and eight c...
Geis group reports drop in turnover in fiscal 2009 Geis, an international logistics group based in Germany, suffered a drop in sales in business year 2009. Despite the loss the company was able to chalk up black figures in all...
Cargoitalia boosts schedule by 50% Cargoitalia, an Italian all-cargo carrier, is increasing its schedule by 50% this month (March). USA flights will rise to three per week, operating on the Milan Malpensa-New York-C...
JAL shifts to new cargo business model Japan Airlines (JAL) recently announced that it will adopt a new cargo business model that solely utilizes the cargo belly space of the airline's passenger flights. These services ...
Grand Alliance offers new direct call at Vietnam port The shipping companies Hapag-Lloyd (HL), Nippon Yusen Kaisha (NYK) and Orient Overseas Container Line (OOCL), the members of the Grand Alliance, are enhancing their South China Sea...
BDF says use climate protection levies to protect the climate Against the background of the world-wide recognition of the need to lower the CO2 emissions of airlines, the association of the German airlines (BDF) has spoken out in favour of us...
Asia-Europe rates have fallen for the first time in 13 weeks The latest figures from the Shanghai Containerised Freight Index reveal that rates on services from Asia to northern Europe have dropped by USD 60 to hit USD 2,104 per teu. Rates o...
Scandlines CEO Michael Hassing disembarking The supervisory board of the German-Danish ferry operator Scandlines has notified the public that Michael F. Hassing, the line's CEO, will be leaving the enterprise in April. The m...
UK Road Haulage Association points way forward for government The Road Haulage Association (RHA) has pledged to increase its role in politics after the election to encourage the government to help the haulage industry. A blueprint for the fut...
Fret SNCF posts billion euro loss Fret SNCF, the freight arm of the French national railway SNCF, reported a loss of EUR 1 billion last year. The economic recession was the main reason for the shortfall. ...
Shrinking volumes of road and rail freight traversing the Alps A total of 1.18 million trucks crossed the Swiss Alps in 2009, 7.4% less than in 2008. The economic crisis had an even greater effect on the railway. Some 20.9 million ne...
Alma Maritime IPO shelved ALMA Maritime's IPO has been indefinitely postponed due to market conditions, underwriters told Reuters today
Barge explodes in Texas US COAST Guard crews have secured an area near the Texan port of Corpus Christi after an explosion on a barge
Frontline raises $225M in bonds NORWAY'S Frontline today successfully completed its $225M convertible bond offering to fund its newbuilding programme and help it take advantage of market opportunities
Bolloré posts profits jump BOLLORÉ today reported that net profits jumped by 88% year on year to €94M ($126m) in 2009, despite a 17% fall in turnover to €6Bn
Maersk adds Vietnam/LA service MAERSK Line is adjusting its Trans-Pacific 6 service to add a direct service from southern Vietnam to the Port of Los Angeles
US sulphur limits move closer THE IMO's Marine Environment Protection Committee has adopted an amendment on the creation of US and Canadian emission control areas
Russian Railways admits VAT risk A LOAN prospectus for the Russian Railways has admitted that a loophole used by Russian government officials to destroy tanker giant Volgotanker may be used again
Time to play hardball with pirates? As two more cargo ships innocently plying their trade in the Gulf of Aden and Indian Ocean fell into the spiders' web ransom nest of Somali pirates this week, another less successful gang are returning home to the failed-state with a warning to their compatriots that henceforth the glamorous career choice that is 21st Century piracy will be tougher: taking toffees from children just got risky.
CKYH brings back second Asia-Europe service
MISC grows its Intra-Asia business
APM T gains AEO status at Rotterdam
Kopernicki takes over at Chamber of Shipping
Special Boat Service members launch on-board security service
Box exit at Braemar Quartet of containership brokers leave London outfit to set up own shop with chartering duo also heading for the door.
Mykonos Shipping sets the bar Greek owner pockets $20.3m from bulker sale while the Schulte group nets less in similar scenario.
'Networking with knobs on' Oil trader Yuri Nikitin's Sovcomflot deals were 'business with friends' and not dishonest, court hears.
Wah Kwong sells capesize China Venture follows Mineral Capeasia out the door at George Chao-led owner in $54m deal.
Skarga 'not a dictator' Case against former Sovcomflot boss Dmitry Skarga 'utterly unproven' as key witness 'unreliable', court told.
Fully-funded Frontline falls Tanker owner sees shares pull back despite bond issue covering the cost of its newbuilding orderbook with plenty to spare.
Officer knifed in pirate attack Turkish chief officer stabbed and one other breaks arm as armed pirates raid Turkish ship off Nigeria.
Fisher bosses hook more shares Tim Harris (above) and Nick Henry rewarded for UK tanker owner's profitable 2009 with stock hand-out.
Summer IPO for DryShips? Drilling arm could be floated within six months, a company executive says.
Uljanik yard wins guarantee Croatian government backing any loan for Croatian shipbuilder to the tune of EUR 50m.
Quotes of the week Arntzen lets off a chemical reaction and Mad Money's Jim Cramer savages new shipping IPOs.
Sovcomflot sell-off mooted Russian economic ministry lines up privatisation of tanker giant, with 25% stake likely to be offered.
Cecon axes repair offer Star Reefers offering completed on same day offshore owner Cecon drops "waste of time" plan.
New5 in Numb3rs Hyundai Heavy and Samsung are raking in newbuilding orders while NYK and K Line may be selling boxships too cheaply.
Cash boost for Belships Sverre Tidemand-led owner receives $3.2m first quarter payment on sold Dayang pair rather than share their future earnings.
Guards repel Zim pirate attack Israeli boxship Africa Star avoids hijack off Kenya with help of armed security team.
Near-miss master fined Chinese captain fined after his ship narrowly avoided hitting a Clipper tanker and then running aground in the English Channel.
CGG extends Eidesvik deal French offshore player CGGVeritas to keep Viking Vanquish until the end of the decade.
Lasco lawyer dies "mysteriously" Tanker owner's fraud investigator found dead at bottom of stairwell in Riga.
Fesco lines up big debt issue Russian container line ready to sell RUB 6bn of bonds as it rejigs debt.
Frontline plans bond issue John Fredriksen's tanker company looking to raise up to $225m from convertible bond issue.
Molaris abandons IPO effort Alma Maritime pulls $236m mixed-fleet effort amid weak investor interest in US.
Kiwis help with Tonga charter New Zealand and Australia to meet some of charter costs of Princess Ashika replacement
KfW turns in strong profit German shipping bank returns to the black in 2009 despite higher risk provisions in downturn.
Torm talks up strategy shift Torm USA president says Stamford office is reaping the rewards of 'ongoing efficiency program'.
LDA predictions prove profitable Philippe Louis-Dreyfus' potential capesize caper made possible by instinctive action three years ago.
Muto on a safety mission New MOL boss wants giant owner to increase focus on safe operation of vessels as he takes the reins.
China to aid shipyards Export-Import bank to support mergers and acquisitions in Chinese shipbuilding industry.
GA in second Cai Mep stop Liner conference Grand Alliance is adding a call at Vietnam's Cai Mep port to another of its routes.
Costs curtail Croatian owner Rising operating expenses and falling revenues slash 2009 profit for Tankerska Plovidba.
More work for Keppel Singapore yard group on a roll after securing further offshore work that takes recent total to $300m.
Miclyn Express starts trading Shares in Macquarie's oil and gas services outfit list in Australia at the bottom of forecast range.
STX Norway bags trio In a very short statement, STX Europe announces that it through its subsidiary STX Norway Offshore has secured an order for three special purpose vessels for deliveries between end 2011
Odense delivers ro-ro vessel to British owner Odense Steel Shipyard has delivered the third ro-ro vessel in a series of six units built under license from Flensburger Schiffsbau Ges. The ro-ro has been named the
Mysterious death might be linked to Lasco fraud investigation The Latvian lawyer Vents Kodols has been found dead at the bottom of a staircase in the house he lived in, and the first reports from the authorities suggest suicide
ITF slams down on Norwegian shipping companies 64 Norwegian flagged vessels have been re-flagged within the last two years, a majority of these vessels operate within the oil industry. A large majority of all bowloaders, which
Nordic Tankers shows heavy losses in 2009 Nordic Tankers A/S suffered, like all the other small-tanker operators, heavy losses in 2009. Nordic Tankers reports a loss (after tax) of USD 94.5 million after substantial
Erria posts heavy losses for 2009 Erria A/S had a bad year in 2009 with a dramatic fall in revenue, a large deficit and halving of the equity. The deficit was DKK 155.5 million
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