PSA, Wharf put projects on hold: China official Singapore's PSA International and Wharf Holdings' container terminal unit have put on hold their multi-million dollar investment plans in container terminal projects in eastern China as the financial crisis hurts global trade, a Chinese port official said yesterday.
Somali pirates seize German cargo ship Somali pirates have hijacked a German- owned cargo ship in the Gulf of Aden, a maritime watchdog and a statement from the government of Antigua and Barbuda, where the vessel is flagged, said yesterday.
DSV also runs into difficulty in Q1/2009 The Danish transport and logistics corporation DSV, based in Brøndby (near Copenhagen), increased its turnover by 10.9% in the first quarter of this year, from DKK 8.52 billio...
Aramex signs contract in Palestine The Middle East-based CEP, forwarding and logistics service provider Aramex has signed an agreement with Wataniya Mobile, one of the region's new mobile telecommunications operator...
Gefco wins Delphi Pinnacle Award 2009 The US company Delphi, a world leader in mobile electronics, transportation components and systems technology, has singled out the French logistics group Gefco as the first Europea...
A.P. Moller-Maersk Group reduces CO2 emissions by 9% The A.P. Moller-Maersk Group is diminishing its impact on the climate and reported a 9% drop in carbon dioxide emissions in 2008 compared to the previ...
Khorfakkan achieves 279 moves per hour with "CMA CGM Pelleas" The Gulftainer-operated port of Khorfakkan in Sharjah (United Arab Emirates) truly cemented its position as the number one port in the region with regards to productivity...
A new project and heavylift specialist in Germany A new German shipping line, Baris Schifffahrtsgesellschaft mbH, officially started business on 1 May. Its director is Ralf Maehmel, who is also the founder and majority s...
First BBC Chartering vessel makes maiden call at port of San Francisco's pier 80 marine terminal The "BBC England", a 10,380 dwt general cargo carrier operated by BBC Chartering, recently made its maiden call at the port of San Francisco's Pier 80 marine terminal to discharge ...
Emirates receives further B777 The US aircraft manufacturer Boeing delivered the 75th B777 to Emirates Airlines at the end of April. It is a B777-300ER.
New York registration no good in New Orleans, says Rule B expert REGISTRATION in New York will not protect foreign shipowners from having their ships or bunkers attached or arrested in other US ports.
An A-Z of Rule B
DnB Nor sticks to $153m writedown forecast WORLD'S second largest shipping bank predicts writedowns in the ship finance portfolio could reach $153.1m in 2009.
STX Europe seeks fresh funds as orders slump SHIPBUILDER has to replace existing credit facilities to pay bonds and loans in a tight market for new finance.
Pirates seize escorted ship A GERMAN-owned ship with 11 crew members has been seized by pirates from within a warship-escorted convoy in the Gulf of Aden transit corridor, EU naval forces reported today
STX Europe's results drop NORWAY'S STX Europe today reported a huge drop in income for this year first quarter
Russians fight over port shares A BITTER fracas is continuing between two powerful Russian companies over a 20% shareholding in Vostochny's port in the Russian Far East, government and company officials have told Fairplay
H&W's profits surge 500% HARLAND & Wolf is celebrating today the wisdom of abandoning shipbuilding, with pre-tax profits jumping more than 500% in 2008 from 2007 figures
Ferry relaunch delayed AN IRISH-LED co-operative has postponed the planned relaunch of Swansea/Cork ferry services until 2010
Timecharters tied to Diana drop LOWER profits reported today by Diana Shipping show how the slump is harming companies with conservative timecharter strategies
Russian port to open this year RUSSIA'S government-owned crude pipeline company Transneft will start loading oil tankers at Kozmino, the newest Russian oil port to be opened, as soon as December
TBS in the red Tweendecker and bulker owners slumps to first-quarter loss after "devastating" effects of economic decline.
Iron more Analyst says China's iron ore import record in April could be a negative for shipping.
Cal Dive for sale Profits shrink at offshore player Helix Energy, as executives say they are seeking sale of majority stake in dive support owner Cal Dive.
Oops In WebTV video, pirates filmed off Somalia after going after French naval vessel.
GulfMark sues Offshore vessel owner files federal lawsuit against Bender Shipbuilding, as OSG reveals details of its cancellations.
Log-In logs loss Brazilian containership owner and logistics player slumps to a first-quarter loss even as shipping volumes improved.
Almezaan freed No ransom reportedly paid for release of ship with Somali-owned cargo snatched at the weekend.
STX in red Redundancy costs and unrealised currency reversals expand STX Europe's losses in "unsatisfactory" first quarter.
Diana dips New York-listed bulker owner's first quarter profit cut, but company says it's well-placed in downturn.
Farewell Prince Fred Olsen is selling its veteran cruiseship Black Prince into Venezuela this autumn.
Transocean slips Write-downs, other charges and falling revenue lead profits at US-listed rig and drillship owner to drop by 18%.
Bocimar smash Up to eight killed as Belgian bulker involved in incident with fishing vessel at the Chinese port of Rizhao.
Spill bill grows Queensland government to pursue Swire Shipping for entire Pacific Adventurer clean-up cost.
German ship held German-owned and managed vessel snatched in Gulf of Aden, Korean ship escapes.
$50m deal axed Solstad's Singapore unit sees technical issues put pay to lucrative term charter with Petroleum Marine Services.
Record low Taiwan's big three box ports handled 23% less cargo in first quarter as trade tails off.
Bridge broken Barge being pushed by tug hits Illinois River span in US, closing it indefinitely.
Uglands up Record year in 2008 for Norwegian shuttle tanker and bulker player, and 2009 looking good too.
Wharf smashed Probe starts into how bulker Accolade II hit and destroyed loading facility at Klein Point, Australia.
Sevan sinks Jan Erik Tveteraas-led FPSO player posts $36.9m loss in first quarter as its falls well short of market expectations.
Safe haven? Sri Lanka gets security clearance to lay-up vessels at Colombo anchorage, with Trincomalee also in the frame.
'Give us guns' Liberty boss Philip Shapiro says ships need to carry guns to help crew fend off pirate attacks.
OSG to the rescue Brand new aframax plucks three Britons on emissions-free voyage from battered eco-boat off Ireland.
Cruise all-clear No swine flu found on Star Cruises vessel in Thailand after passenger quarantined with viral illness.
Storage over? Spot market could soon be flooded with VLCCs as traders mull selling stored crude.
Ferry late Relaunch of Cork-Swansea service delayed until 2010 after ship purchase takes longer than expected.
Nearly there Davie Yards in Canada has sold $14.4m of its $20m share issue as it continues to secure cash for its future.
New Med service French liner group CMA CGM to launch new route linking northern Europe with Greece and Turkey.
Wrist Group takes over Norwegian business Wrist Ship Supply has purchased its third foreign competitor this year after a record high profit in the previous year. In 2008 the Wrist Group reported a turnover of DKK
Finnish bulker Kontula to be sold The Finnish shipping company ESL Shipping Oy will sell its oldest vessel Kontula. The ice strengthened 31,850 DWT geared bulk carrier was built by W'rtsil' Turku shipyard in 1980. The
German bulk carrier hijacked A German owned and managed bulk carrier was hijacked in the Gulf of Aden 120 nautical miles north of Boosaaso in Somalia, yesterday afternoon. The vessel's identity has not been
Odfjell reports loss in Q1 Norwegian Odfjell reports a net loss of USD 8 million in the first quarter of 2008, compared to a profit of USD 15 million in corresponding period last year. The
Maersk reduces CO2 emissions Maersk Group reduced its CO2 emissions by nine per cent in 2008. This represents a reduction of five million tons of CO2 and has been achieved through reduced speed and
Sri Lanka targets lay-up market Sri Lanka is trying to profit from the economic downturn by positioning itself as a lay-up nation. "We have got clearance from the security authorities now to lay up
US pressures for increased security measures on board vessels The US Department of Defense proposes increased security on board commercial vessels transiting the Gulf of Aden to protect them from being hijacked. About 78 percent of the pirate attacks
Hellenic Register received grace period by EU The EU Commission has granted Hellenic Register of Shipping, HRS, limited recognition with substantial restrictions. The approval runs for 17 months, and if HRS fails to meet improvement demands in
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