No quick end to high oil tanker storage likely Oil product tankers idling in quiet waters of the world's oceans are unlikely to move on until well into next year when more refinery shutdowns could curb production and force vessels to unload.
Mitsui may boost shipping of LNG, oil Mitsui OSK Lines Ltd, operator of the world's largest merchant fleet, is considering a greater focus on shipping liquefied-natural-gas and oil as overcapacity dampens rates for hauling cargo boxes.
S Korea to ban single hulled tankers from 2011 South Korea, Asia's fourth-largest crude importer, plans to ban single-hulled oil tankers from entering its waters from 2011, bringing the country into line with a global drive against a ship design blamed for oil spills.
Nordana to shift Spanish port operations The Danish shipping line Nordana will move its Spanish operations from the port of Valencia to Sagunto on 1 January 2010. This pertains to the regular ro-ro multipurpose ...
Kuehne + Nagel with new contract in South Africa The global logistics service provider Kuehne + Nagel, based in Schindellegi (Switzerland), has been awarded a contract to manage the BMW South Africa...
Swisslog wins major contract from Tine in Norway Tine BA, Norway's largest producer, distributor and exporter of milk products, has chosen Buchs (Switzerland)-based Swisslog to design and build a new distribution centre in O...
UTi Worldwide reports lower revenue and income The logistics service provider UTi Worldwide Inc generated revenues of USD 967.2 million in its fiscal Q3, a minus of 20% compared to the USD 1.21 billion achieved in the same...
Port of Antwerp: Van Cauwelaert lock out of service The port of Antwerp (Belgium) recently announced that the Van Cauwelaert lock will be out of service from 7 December 2009 to 7 January 2010. Barges which usually use the lock will ...
Qatar Airways to raise capacity to Stockholm Qatar Airways plans to significantly increase in capacity to Sweden. Flights on the Doha (Qatar)'Stockholm route will be expanded from five weekly to ...
Eurotunnel is among top five with ambitions to reduce carbon dioxide emissions A University of Edinburgh Business School study of the carbon dioxide emissions of 634 British companies found that Eurotunnel was among the top five in terms of its...
Slovakia: Road toll starts on 1 January but questions remain Slovakia will levy distance-based road tolls on trucks from 3.5 t beginning on 1 January 2010. The fee will depend on the weight of the vehicle, the number of axles and t...
Russia: Delay of customs union with Belarus and Kazakhstan The customs union between Russia, Belarus and Kazakhstan that was to have taken effect on 1 January 2010 will be delayed by half a year, according to a statement made at the signin...
Only slight decline in German air traffic in Q3 Germany's Federal Statistical Office (Destatis) is marking the occasion of the International Day of Civil Aviation by reporting that the total number of air passenge...
Asia-Europe freight rates head back towards 2008 levels European Liner Affairs Association says volumes and rates are rising after worst slump on record.
Shipbuilding states to monitor subsidy levels OECD working group to remodel government support to improve ability to spot market distortion.
First Ship Lease drops bond issue as investors back out But AP Moller-Maersk returns to bond market as Singapore-listed trust blames Dubai economic crisis for loss of confidence.
Exmar issue to raise $148m Gas ship operator to place shares this week.
Behind Russia's customs purge A PURGE at St Petersburg's customs agency reflects pressures from falling trade and the loss of customs collections, importers and shipping leaders in Russia have told Fairplay
Global warming grows Greenland GLOBAL warming is good for Greenland, a Nordic Council of Ministers spokesman told Fairplay today at the UN climate summit in Copenhagen
Shipping balks at EU goal THE EU said today it wants all industrialised nations to match its target of a 30% cut in carbon emissions by 2020, a figure far beyond the goal set by the shipping industry
German ports reject discounts GERMANY'S twin ports of Bremerhaven and Bremen have decided to step away from a possible price war with other transhipment ports in northwestern Europe
Pirate suspects arrested ELEVEN suspected pirates are being held today by Seychellois coastguards after an attack was met by an EU NAVFOR warship and patrol aircraft
FSL shelves bond plan FIRST Ship Lease Trust today backed out of a $200M bond offering, citing fallout from the Dubai debt debacle
OSG takeover on track OVERSEAS Shipholding Group confirmed today that it has passed a key threshold in its takeover of OSG America
ADM denies buy Archer Daniels Midland (ADM) denies reports that it has purchased a sixth bulker.
Cash for Tsakos New York-listed Tsakos Energy Navigation reaches for potentially $49m in cash with shares sale.
2 join FLNG JV Repsol and Galp Energia team up with Petrobras and BG Group in floating LNG joint venture.
Brazil fixes 12 Gabrielli-led Petrobras charters 12 Brazilian-built newbuildings for 15 years from Elcano, Sao Miguel, Global and Delima.
Gang grabbed Eleven suspected pirates arrested off the Seychelles in latest sting by naval forces in the area.
Dubai victim Philip Clausius-led First Ship Lease pulls $200m notes issue after Dubai World debt stalling spooked investors.
Primal probe Dmitry Skarga is asked why Yuri Nikitin agreed ship sale to Primal Tankers before quashing Sovcomflot charter pacts.
French fee Container line CMA CGM hikes Europe to India rates by $100 per teu.
Facility stretched American Commercial Lines scores gets eight more months before $250m credit facility matures.
We want it all OSG enforces purchase of all remaining OSG America stock after taking its stake beyond 80%.
McDermott splits McDermott International plans to divide into two companies, making engineering outfit and offshore vessel owner J Ray McDermott a stand-alone company.
Pecuniary pretext Sale-and-leaseback of tanker quartet to Yuri Nikitin and others carried out because Sovcomflot "close to collapse", Dmitry Skarga says.
Little impact South Korean single-hull ban will not bring a major change to the overall market, analyst says.
Hunter hunted Dutch owner Vroon offloads ageing anchor handler to Vietnamese outfit in $3m deal.
NATS ship escapes Pirates fail in attempt to seize laden Norway-flagged suezmax in Gulf of Aden but Pakistani ship feared hijacked.
One-horse winner Finland's RG Line the only bidder for state contract to run ferry service to Umea in Sweden.
Goodbye Aries And hello NewLead, as Greek owner's shareholders agree to change name from 21 December.
Sasco buys again Russian owner snaps up its second vessel in as many weeks with swoop for Lisco unit.
Disputed figures Malta Shipyards says report into losses from Fairstar conversion contract has overestimated the financial damage.
Seven missing Fears grow for trawler crew after collision with IRISL bulker sinks their ship off China.
Saverys takes half Exmar's controlling family snap up $75m of the shares on offer in $148m rights issue.
Korea goes double Asian nation confirms it will ban single-hulled tankers beginning in 2011.
Berytus burns UAE car carrier suffers engine room fire at Antwerp, with three crew taken to hospital.
Scandlines shuts Baltic ro-ro player halts unprofitable Trelleborg-Travemunde run, chartering ship to TT-Line instead.
More from Med Maersk adds $150 per teu to boxes heading from Europe to the US and Canada.
RWE confirms German renewable energy outfit confirms order for one firm plus two option wind farm vessels.
Tough at Tallink Estonian ferry company saw passenger and cargo unit numbers both decline during November.
'Come to China' Wartsila's China boss John Zhu says firms should look east if they want to prosper.
The dragon roars China is on the same road as South Korea in terms of shipbuilding, says BV boss Bernard Anne.
Closing the box Japan's MOL to cut reliance on container shipping due to slump, with tankers and LNG the new focus.
Hamburg to trim tariffs to attract lost traffic The Port of Hamburg has decided to reduce the charge for transhipment containers. In addition, the port authority has decided to freeze a planned two per cent increase in the
Allocean Group sold to Greek ship owner Australian-owned Allocean Group has been sold, including its entire fleet of around 40 vessels, to London-based Lomar Corporation controlled by the Greek Logothetis family for a sum of
South Korea bans single hulls from 2011 The market for single-hull tankers is narrowing at a speed faster than the 2015 limit for vessels younger than 25 years and with approval by its flag state decided
COP15 to curb greenhouse gas emissions COP15, the UN Copenhagen climate change summit opens today. Delegates from 192 countries are gathering in the Danish capital to agree on a new global climate agreement to replace the
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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