Wincanton renews contract with Heinz in UK The British logistics service provider Wincanton has secured a contract renewal of its thirteen-year collaboration with food manufacturer, HJ Heinz. The new contract will see a thr...
Stobart Group collaborates with Nestl' in UK The UK-based transport and logistics service provider Eddie Stobart Ltd, part of the Stobart Group, has signed a ten-year contract to provide warehousing facilities to Nestl' UK Lt...
New contract for Rhenus Contract Logistics in the Netherlands The Netherlands-based company Rhenus Contract Logistics Tilburg has officially been appointed business partner of Thuiswinkel.org, a Dutch branch organization that represents the i...
ELAA data confirms shrinking cargo volumes BOX lines' own statistics show the full extent of the collapse in cargo volumes late last year.
Idle tonnage grows as box trade slump deepens
Samsun is latest victim of dry bulk crisis SAMSUN Logix forced to apply for court protection following cash flow crisis.
Korea Line agrees lower rate with Hellenic Carriers FINANCIALLY troubled dry bulk operator renegotiates 37% drop in time charter rate for the Konstantinos D.
DryShips agrees debt deal DRYSHIPS today reached a preliminary agreement with Nordea Bank Finland for covenant waivers regarding an $800M credit facility set up to part finance the acquisition of Ocean Rig, a Norwegian drilling company
Analyst cuts OSG & Teekay ratings A LEADING shipping analyst today cut the ratings of Overseas Shipholding Group and Teekay Corporation on the back of a growing supply of crude oil tankers
Environmentalists OK Dutch port DUTCH environmentalists have given up their legal battle with Rotterdam port over an expansion project in exchange for a deal on emissions reduction
Panama ratifies ILO convention PANAMA is the latest country to have ratified the ILO's Maritime International Labour Convention, that aims to guarantee maritime workers' rights
Maersk China box charge opposed MAERSK-Sealand has increased its terminal handling charge in most Chinese ports, amid strong criticism from cargo companies and the Guangdong Shippers' Association
STX Europe to delist from Oslo SHARES in Oslo-based shipbuilding group STX Europe will be delisted from the Oslo Stock Exchange tomorrow, according to the company
MOL bumps up freight rates MOL will increase the freight rates on its Asia-Europe trade to maintain service levels during the current economic climate, the company said
Exemptions for some CPSIA importers CPSC stays enforcement of new safety rules, won't impose penalties on importers of certain products such as wood or cotton that rarely contain lead
Transalba afloat Chavez-hatched venture between Venezuela and Cuba emerges as buyer of Nordic Lisbeth and makes way for more tankers.
Spin-off unspun? Analyst says DryShips loan waiver is likely to stand in the way of drilling asset spin-off on the near term.
Neste restructures Finnish oil company re-jigs operations, including shipping business, to boost efficiency.
Rickmers rocked Singapore-listed boxship player books impairment charge while annual profit drops.
Samsun folds? Troubled Korean bulker and tanker owner files for court receivership following difficulty paying charter fees, reports say.
Waived again DryShips gets second loan reprieve in two weeks, this time on an $800m facility with Nordea-led consortium.
TK, OSG cut Analyst downgrades US-listed tanker owners over expectations of a long market slump expected.
Dodging car crash Cheaper fuel and advancing US dollar will have helped Wilh Wilhelmsen counter fourth quarter fall in auto exports, Pareto says.
Bahia Blanca clear Fishermen blocking vessels from entering Argentine port stand down for 60 days.
Number 119 Unions angry as 30-year-old yard worker's death at Tuzla in Turkey adds to massive total of 119 in last seven years.
Three crew dead Lack of oxygen blamed for deaths on Hong Kong-owned cargoship off Myanmar.
Rem sells again Age Remoy cashes in AHTS newbuilding to prepare for falling vessel values and a weaker charter market.
"Self-defence" Libyan leader Muammar Gaddafi says Somali pirates are merely protecting their people from "greedy Western nations."
ALG cruising Shares lift in London-listed All Leisure Group which expects pre-tax profit to beat estimates.
Hebei claim cap Owner of ill-fated VLCC Hebei Spirit could face $103m payout while insurer Skuld is after Samsung.
Holdup hurt Delayed sale-and-leaseback deal will cut $4m from Hallin's bottom line in 2008 but results will still trump analysts' expectations, it claims.
Fewer men German ship engine maker MAN Diesel is laying off 180 workers in Denmark.
Peene boost German yard secures financing from KfW for two Arkas containerships, safeguarding jobs in tough market.
Bourbon booming Impact of collapsing dry-cargo market brushed aside by growing offshore fleet as French owner's full year income jumps by a third.
Eight scrapped Pace of bulker demolition slows as chartering activity increases, Imarex Asia says.
MOL wants more Japanese container line goes for rate restoration in Asia-Europe trades to "maintain stability" despite global slump.
Limerick time! If you're feeling in limerick mode, Then quick! Send us your nautical ode, And if feeling prolific, Three would be terrific, There's a prize for the best that is showed.
Toei ahead Japanese reefer line expecting to beat 2007's annual profit after posting rise in nine-month earnings.
Cargoship burns All 10 crew safely evacuated from Georgian-flagged vessel that caught fire in Russian far east.
CSDC seeks cash China Shipping Development to issue up to $732m in notes to pay for newbuildings in finance squeeze.
Hellenic rejigs Fotini Karamanlis-led bulker owner ties up Supramax for another year to Korea Line, but at lower rate.
Korea joins fight South Korea has become the latest nation to dispatch naval assets to the pirate infested Gulf of Aden.
Bug hits Balmoral Vomiting bug strikes Fred Olsen cruise ship leaving up to 230 passengers stuck in their cabins.
Qatar coup Boxship owner Qatar Navigation banks plenty of profit in 2008 to see it through economic turbulence.
Bridge bashed Germany's Kaiser Bridge takes a pounding from French freight ro-ro MN Pelican at Travemunde.
Newbuilding for Broström/Erik Thun The 7,600 DWT product tanker Bro Gazelle, number nine in a series of ten, has been delivered to Broström/Erik Thun AB. The vessel is built by ice class 1
Port of Kotka expands The Port of Kotka will build a new quay at the Mussalo harbour to serve the building project of the Nord Stream gas pipeline between Russia and Germany. Kotka and
Good year for Orskov Yard in Frederikshavn The Orskov Yard A/S in Frederikshavn reports a very good fiscal year in 2007/2008 (October 2007 ' September 2008) with a profit of DKK 41.3 million. The result
Skuld takes action against Samsung The owners of the Hebei Spirit, Hebei Ocean Shipping, and its Oslo-based insurer Skuld, have together with the IOPC fund (The International Oil Pollution Compensation fund) commenced recourse proceedings
Rolls-Royce moves to Singapore Rolls-Royce Marine Business moves its global headquarters from London to Singapore. The company has been active in Singapore for more than 30 years and the move is said to
Strong demand in Rotterdam Prices hold steady in European bunker markets.
Lower bunker prices 'opening new alternatives' Maersk considering routing vessels around Cape Horn.
Traces of biodiesel 'may be expected' in bunker stems DNVPS says it cannot join public debate on biodiesel traces but gives 'off the cuff' comment.
Marine biofuel ready for product trials Producer says low-emission fuel has energy value comparable to MGO.
Soft start to week for Asian bunkers Prices fall in line with crude oil.
Korean court caps Hebei Spirit liability Compensation limited to $103 million, but ruling 'no clear indication' on the plight of the tanker's officers.
Oil prices should be 'no less than $70' OPEC to cut output further, says Iraqi oil minister.
Malaysia could 'lose' bunker hub Unresolved ownership dispute could jeopardise government and bank support.
Japan's bonded bunker sales down in 2008 Traders paint a bleak start to 2009.
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