Teledata aims software at freight market Marine and logistics IT provider Teledata Marine Solutions hopes to bring its expertise ashore to meet the needs of the underserved Asian freight forwarding and land transport market.
Tighter trade finance hits shipping lines AP Moeller-Maersk, the world's largest shipper of containers, and Neptune Orient Lines Ltd, South-east Asia's biggest, said demand is weakening because banks don't want to finance trade during a recession.
Repair ship speeds to severed cables A CABLE repair vessel was sent today to fix major underwater cables that have been cut between Sicily and Tunisia, causing widespread internet outages in the Middle East and India
Algeciras labour deal closed STEVEDORE unions at Algeciras have signed a landmark labour accord with AP Møller-Mærsk Terminals, the Algeciras Port Authority said today
Keppel shuffles its cards KEPPEL announced an executive shuffle today, which will take effect on 1 January
Eagle debt deal a 'bellwether' ANALYSTS have suggested that the agreement between Eagle Bulk and its lenders is a positive sign for the drybulk sector
China to send pirate patrol ships CHINA will send three vessels to patrol the Gulf of Aden and Somali waters to ward off pirates
Port Klang report criticised A WIDELY anticipated report detailing excesses in the Port Klang Free Zone fell short of expectations, according to port officials and leading Malaysian politicians
Bulgaria to import Turkmen gas BULGARIA is to buy 2Bn m' of natural gas a year from Turkmenistan
Snow hampers Pacific Northwest ports Trucks waited at Eagle Marine Services gate in Tacoma (left) Monday as record snowfall closed terminals there and in Portland.
New ro-ro for Tampa
Portland boxes off 4%
New Fla. port planned
FedEx delays freighters
Directors leave Horizon Lines
First Chilean fruit shipment reaches Delaware port
Deal to die? DryShips reportedly poised to cancel $1.17bn deal for nine capesize bulkers controlled by CEO George Economou.
US stocks fall Shipping share prices drop, led by bulker owners, amid slip in broader US stock markets.
Tanker unscathed Products tanker touches bottom near San Francisco but no pollution or damage is reported.
'Negative' view Credit rating agency downgrades outlook on Miami- and London-based cruiseship owner.
Gard takes a hit Stake in hull insurance business could be up for sale as P&I club loses 25% of free reserve in four months.
Swiss appeal As Transocean Inc completes its move to Switzerland, rival driller Noble Corp follows suit.
More downgrades After Jefferies downgrades, a JP Morgan analyst cuts ratings on three owners but upgrades OSG.
Nordic bust-up CEO Geir Jansen heads list of departing Nordic Tankers board members after fallout with chairman Steen Bryde.
Cosco wants cash Wei Jiafu-led giant lines up massive $1.5bn notes issue to cover capital expenditure and repay loans.
Faulty fireworks Early iron ore price contract renewals will not light the dry-cargo fire as idle ships and newbuildings will dampen revival, KGI says.
Bank cuts tankers Calling tanker rate environment unsustainable, Jefferies analyst slashes earnings estimates and cuts ratings on the sector's owners.
Bulkers binned Mystery European owner splashes out to swap three bulkers for chemical tankers at Hyundai Mipo.
Warning signs Offshore sector feeling the crunch with small owners most at risk, leading broker says.
Aigaion must pay Greek underwriter must pay its share of total loss of Egyptian anchor handler despite not receiving premium.
Choo gets top job Keppel Offshore & Marine chief bumped up to group CEO replacing Lim Chee Onn.
Target $65m Hurtigruten eyes double offering to boost liquidity but must meet tough requirements to set wheels in motion.
Half to fall Up to 50% of China's shipbuilders will fall foul of the financial crash in 2009, Yangzijiang chairman Ren Yuanlin warns.
Seven in race South Korean giants head chase for SCI VLCCs, with Pipavav also in the hunt.
Oz gig turns sour BWO's LOI for Aussie FPSO project is terminated, but turns ugly as participants argue over costs.
Free Hero fixed Ion Varouxakis-led bulker player in short term fixture of handysize unit amid improving rates.
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