Baltic Dry Index has 1st drop in 2 months The Baltic Dry Index, a measure of shipping costs for commodities, had its first weekly drop in almost two months on reduced demand for so-called capesize vessels to haul iron ore for making steel.
Air France-KLM to acquire CSA stake? The Franco-Dutch airline Air France-KLM wants to take a stake in the soon-to-be-privatised carrier Czech Airlines (CSA), according to a report published by the Czech news agency CT...
DPWN reports net loss 2008 did not go as well for Deutsche Post World Net (DPWN) as it expected. The group reported a net loss after minorities of EUR 1.69 billion in 2008. DPWN said that the costs of r...
Clipper Logistics expanding in the UK Clipper Logistics has expanded its portfolio to include the rail-connected distribution centre in the Potter Group site at Selby (North Yorkshire, England). Clipper will take over ...
Martinair adding Sao Paulo to network All-cargo carrier Martinair Cargo is adding a twice-weekly service (Mondays and Thursdays) from Amsterdam to Sao Paulo to its schedule on 2 March. An MD-11F with an 80 t payload wi...
Ethiopian receives first MD-11F Ethiopian Airlines has taken delivery of its first MD-11BCF (90 t payload). The new freighter will be deployed between Addis Ababa and Liege (Belgium), as well as to destinations i...
Norfolkline implementing new schedule early Norfolkline is bringing network changes forward by two months in view of the economic climate. The service between Vlaardingen and Felixstowe will be reduced from four to three ves...
Hapag-Lloyd re-launches website Hapag-Lloyd has completely revamped its website, giving it a new layout and more user-friendly and improved additional functions. One new tool is particularly useful. It displays H...
Box sector hopes seen fading CONTAINER shipowners and investors might have to wait until 2012 for charter rates and ship values to revive, according to Hamburg shipowner Claus-Peter Offen
FFA clearing trend accelerates FORWARD Freight Agreement activity is down and will continue to shift towards cleared trades, according to a panel at yesterday's Connecticut Maritime Association luncheon
Red cards aplenty in port bust SPANISH national police said today officers have arrested 11 men ' including three football players and two former FIFA officials ' in the smuggling of 600 kilos of cocaine through the southern port of Algeciras
TUI sweetens Hapag deal GERMANY'S TUI will increase its holding in the consortium that has agreed to buy its Hapag-Lloyd box group to 43%, from the originally proposed 33.3%
Napolitano doubts 100% box scanning HOMELAND Security Secretary Janet Napolitano has admitted to Congress that the 2012 deadline for all US-bound boxes to be scanned probably cannot be met
Ulstein posts decade's top profits NORWAY'S Ulstein posted its best profits for a decade, far exceeding expectations despite the economic times, the company said today
RBS sees tight shipping loan future ROYAL Bank of Scotland's chief of maritime lending predicted today that RBS will hardly be the only struggling bank to throw many shipping loans over the side
More container ships to be laid-up as charter rates reach new lows Charter owners preparing to lay up scores of vessels for extended periods; total of 1.1M TEUs, 392 ships out of work
Yes; it really is good time to be in liner sales Sales and marketing teams at ocean carrier's offices around the world have no doubt been frustrated by the, short-notice, radical rationalisation and capacity cuts implemented in the past few months by their management. After all, it is not the most pleasant of duties to explain to your key-account loyal customer that the shipping line you have sung the praises of for many years, has decided to withdraw a service; and from next week!
Bourbon needs thousand of seafarers Bourbon Offshore is growing rapidly and is determined to keep on growing. The company has a EUR 1.7 billion newbuilding program comprising of 150 vessels and boats. Deputy CEO
Europeans and Chinese assists each other in piracy waters The Italian-owned 72,700-DWT product tanker Lia, built 2008, was attacked by pirates in the Gulf of Aden on Tuesday this week. The vessel sent a distress signal and
Vesborg to sail on Spodsbjerg-Taars Nordic Ferry Services A/S will re-introduce the ferry Vesborg on the Spodsbjerg-Taars service from the beginning of the summer season. Presently Vesborg is sailing on the Sams'
Best result ever at Fredericia Skibsværft Fredericia Skibsværft A/S reports an all-time-high profit of DKK 61.5 million for the fiscal year 2007/08. The turnover increased from the previous year by some
Tough times for Fredriksen companies Almost every other day, a new sombre report from a John Fredriksen-controlled company is released. Seadrill reports a USD 739 million loss for Q4 2008, against a USD 223
Collapse in the container market UK's Drewry warns that container lines may face a USD 68 billion cut in their global revenues this year. According to Lloyd's List, this represents almost a third of the
Wilson vessels to the lay-up sites The Norwegian giant in the small bulker segments, Bergen-based Wilson Group, will reduce its capacity. In its 2008 annual report, the company says it expects that a lower contract
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