Baltic index falls as capesize rates slide The Baltic Dry Index, a measure of shipping costs for commodities, fell 4.5 per cent last week on ebbing demand for iron-ore carriers.
3i keen on third port investment in India 3i Group Plc, the London-based private- equity investor that has a US$1.2 billion infrastructure fund for India, is looking to make its third investment in a port as the nation's freight traffic exceeds capacity.
Midex becomes new GLS partner in Middle East Midex International (Midex) began delivering parcels in the Middle East for the GLS Group at the end of August. In the opposite direction Midex uses the GLS network ...
DPD opens new depot in Belgium DPD Belgium recently opened a new depot in Aalter (east Flanders). The facility connects the regions of east and west Flanders with Belgian cities like Bruges and Ghent to DPD's do...
Grimonprez expanding in northern France In mid-September, the French logistics enterprise Grimonprez Logi's'tique opened a 24,000 sqm class A logistics facility in the Zac de la Rouge Porte industrial park in Hallouin (F...
Odense Steel Shipyard sells Estonian subsidiary Odense Steel Shipyard Ltd (Lind' Shipyard) has entered into an agreement on the sale of Loksa Laevatehase AS (Loksa Shipyard) to a consortium consisting of AS Frelok, Crown Solutio...
AirBaltic launches nonstop Riga-Frankfurt flight The Latvian national airline AirBaltic commenced a daily nonstop service between Riga and Frankfurt (Germany) on 17 September. This is AirBaltic's sixth nonstop destination in Germ...
Unifeeder: short sea shipping has a good eco-balance Unifeeder, one of the largest providers of short sea shipping services, has introduced a CO2 calculator designed to encourage eco-friendly logistics planning. The calculator works ...
Evergreen to launch ADL "butterfly" service The Taiwanese shipping company Evergreen is to launch a new Adriatic-Levant (ADL) 'butterfly' service by combining two existing loops - the Adriatic Feeder Service (ADF) ...
Samskip flats moving into new geographical areas Since the beginning of 2009 Samskip has expanded its flatrack services to cover new trade lanes including those to Italy, Iberia, Norway, the Baltic States and Eastern Europe....
Brussels prods China and US to review liner conferences EUROPEAN model touted as way forward.
Korean yards pull guarantees on newbuildings MUNICH Re figures show yards pull guarantees as owners fail to fork out instalments during building process.
Aker Philadelphia in $150m 'emergency' plea YARD could end up laying workers off from next March and shut down totally if such funding is not received.
'Offshore bonanza' will drive Asian yards recovery HSBC report says vessel orders have gathered steam and will be led by offshore sector.
Final Malta Shipyards bidder set to be revealed GOVERNMENT to announce final preferred bidder for the fourth part of its shipbuilding group soon.
Forgery alleged in sinking THE P&I certificate for Black Rose, the bulker that sank off Singapore earlier this month, was a forgery, the head of the ship's P&I club told Fairplay today
India sounds port alert INDIA raised security today at all its West Coast ports, days after police stopped a deadly attack on Pakistan's main oil storage facility, at Port Qasim outside of Karachi
WISTA 'abhors' human trafficking USING ships to transport illegal human cargoes has been condemned in a resolution unanimously adopted by WISTA in London
Court studies Trafigura dossier A DUTCH court has received a dossier of evidence that Greenpeace hopes will spark manslaughter charges against the oil trading company Trafigura in the 2006 Ivory Coast dumping scandal
Navios sale to fund fleet NAVIOS Maritime Partners LP today offered a shares sale to pay for its fleet expansion
Beware 'cloud cuckoo land' SHIPPING'S financial crisis has not even started, Jonathan Jones of insurer JLJ Maritime warned today
US scrapping Jones Act extension SWEEPING proposals to change the Jones Act are being withdrawn, US Customs & Border Protection confirmed today
Is Lehman to blame for the parlous state of ocean carriers? One year ago this week, financial markets crumbled in the aftershock of the Lehman Brothers collapse [September 15, 2008]. The Dow Jones Index shed 4.4% in one session; the UK's FTSE 100 tanked by 10% in four days, global bourses slid down and down as financial terror gripped the world.
18 SepCrude oil falls, Americas prices take different directions Avails tight in Houston, New Orleans sees market pick up.
Deadline for vessel discharge permit New ruling applies to shipowners operating in US waters.
Jamaica's Maritime Authority faces environmental challenges 'Obligation' to implement reduction measures to meet IMO emission standards.
Bunker prices fall in northern Europe But prices in southern Europe continue to firm.
Salvage dispute will not block bunker removal Operations to pump fuel from grounded bunker will continue until there is no longer the threat of a spill.
Off-spec alert in Fujairah Bunker market returns to normal after supplier takes fuel out of circulation.
Bunkers end week on mixed note Bunker prices in Singapore weaken but market in Tokyo Bay firms.
Fuel oil stocks continue to build Inventories are up in the ARA as arbitrage window remains closed.
Indian refiner sells October fuel parcels 380 cst parcels expected to feed into Singapore's bunker market.
New bunker tanker suffers engine fault New Zealand's $20 million bunker barge forced to delay its first loading.
HSFO cargo arrives in Taiwan Bunker supply tightness eases as a result of a cargo arrival.
Nations join to combat piracy New guidelines drawn up to curb piracy off the Horn of Africa.
CMA CGM on track for 15% cut in CO2 Speed reductions and larger vessels are key to reducing emissions.
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