Danish ship industry ready for recovery Danish shippers, which transport a big chunk of world trade, have the capital in place to come out on top when the freight market pulls out of its current downturn, a senior industry official said.
Baltic Dry Index has best week since February The Baltic Dry Index, a measure of shipping costs for commodities, advanced in London to cap its biggest weekly gain in three months as Chinese steelmakers expand iron-ore stockpiles.
Shipowners forced to pay to carry Middle East oil Shipowners are being forced to pay to carry crude oil from the Middle East to the US after demand collapsed and the fleet expanded.
TNT also hit by downturn The Amsterdam-based postal service and CEP corporation TNT has also been hit by the economic crisis in the first quarter of the year. Sales declined by 10.2%, from EUR 2.723 to 2.4...
Logwin dips into the red The Grevenmacher-based Luxembourgian freight forwarding and logistics corporation Logwin dipped into the red in the first quarter of the year. The net result fell to minus EUR 6.3 ...
BLG can weather the storm in 2009 after record year The Bremen-based German company BLG Logistics, which says it is the market leader in the automobile and container sectors on the European mainland, will attempt to weather the stor...
Reinecke & Associates opens Vienna office Reinecke & Associates, a consultancy that specialises in transport and logistics matters, opened a Vienna office in April that will focus its activities not only on Austria but als...
Dachser named German chemical industry association partner Dachser has been named as a cooperation partner of the German chemical industry association (Verband der Chemischen Industrie VCI). The international corporation will offer medium-...
National Retail Systems opens Californian distribution centre National Retail Systems (NRS), a leading provider of global logistics services to US retailers and manufacturers, has opened a 15 acre distribution centre in Compton (CA), near the...
Rotterdam presents European port development agenda The port of Rotterdam's European agenda for 2009-2014 contains fifteen practical recommendations for the further development of a powerful port sector in the European Union. The po...
DCT Gdansk container terminal handles oil refinery equipment The DCT Gdansk container terminal has had several opportunities to demonstrate its versatility since it opened in 2007, for example with the transhipment of motor vehicles from dee...
South Carolina ports and MSC extend agreement The South Carolina State Ports Authority (SCSPA) and the Mediterranean Shipping Company (MSC), the world's second-largest container carrier, have signed an agreement for business i...
Ship scrap prices could plummet to $100 per ldt PRICES set to plunge as demand for ship demolition continues to grow.
Scrapping of LNG and LPG ships to rise, says BW Gas
VLCC owners take gamble in bid to boost returns SHIPOWNERS taking trips from Middle East to US for rates as low as -$6,000 a day to pick up cargo with more attractive returns.
Venezuela government seizes key oil assets MOVE forms part of the nationalisation of service providers to the oil industry.
Venezuela seizes oil services VENEZUELA's National Assembly has approved a law allowing the government to seize any service business operating in the hydrocarbons sector
NTSB urges strict medical oversight The National Transportation Safety Board issued a barrage of recommendations today following their probe of the November 2007 spill of the Cosco Busan in California
Hanjin's losses mean yard talks HANJIN Shipping announced first-quarter operating losses of $177M today and said it plans to cut costs by adjusting the delivery timing of newbuildings
Warsaw sends Gdansk revision to EC POLAND'S treasury ministry said today it has sent a revised restructuring plan to the EC for the Gdansk shipyard
Chittagong OK despite sinking TRAFFIC was normal today in Chittagong's port, Bangladesh officials told Fairplay, despite the sinking of a lighter vessel in its outer anchorage
Schiffsbank income slashed LEADING ship financier Deutsche Schiffsbank announced today that its net income plunged to just €300,000 ($404,000) as the growing default risks in shipping took their toll
Piracy suspects ordered freed A SPANISH judge today ordered seven of the 14 pirate suspects arrested in the Gulf of Aden to be freed
Sorry, but my diary is full until later in the year That is the response ocean carrier procurement teams are increasingly getting from service provider managers. Setting up a 'review' meeting, is becoming more difficult; hardly surprising when the annual rate discussions are only likely to go one way - southwards.
European box terminals play hard ball with carriers
APM T looks at Lekki
Hanjin's Q1 results knocked by global downturn
DP World finalises deal with Flinders for Adelaide terminal
Almost 500 newbuildings cancelled, DNV claims According to the Norwegian class society DNV, 492 vessels with a combined deadweight of 37.2 million tons have been cancelled at the world's shipyards. Of these, 325 vessels totalling
Dutch cargo ship hijacked A Dutch cargo vessel was hijacked by pirates in the Gulf of Aden while sailing westbound in the transit corridor together with three other vessels. The vessel is believed to
Strong growth for Viking Line Viking Line recorded an amazing growth in its passenger traffic between Sweden and 'land in April 2009. Compared to April last year, the volume increased 29 per cent. In Viking
Novoship takes delivery of NS Arctic The Russian shipping company Novorossiysk Shipping Company, Novoship, has taken delivery of the product tanker NS Arctic, 112.000 DWT, built at Hyundai Heavy Industries in South Korea. The vessel
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