Baltic Dry Index jumps 7.6% on China demand The Baltic Dry Index, a measure of shipping costs for commodities, surpassed 3,000 points for the first time since October, buoyed by Chinese demand for iron ore.
Swiss Post profit down in first quarter Swiss Post generated a profit of CHF 198 million in the first quarter of this year, which was CHF 30 million or 13% less than in the same months of 2008. The operating result ...
Röhlig generates less profit in 2008 The Bremen-based German logistics service provider Röhlig reported an ebit of EUR 10.4 million in 2008 (compared to EUR 14.6 million in 2007) and an after-tax net profit of EUR 6 m...
Aramex wins express and logistics contract from Vodafone Qatar The Middle East-based international express delivery, freight forwarding and logistics service provider Aramex has signed an agreement with Vodafone Qatar Q.S.C, one of the re...
Hans-Jörg Hader joins board at Kuehne+Nagel Hans-Jörg Hager was chosen to join the board of directors of Kuhne+Nagel for a one-year term at the recent annual general meeting. Hager was a member of the manageme...
Frontline says a third of tanker orderbook at risk COMPANY believes newbuildings could be cancelled or delayed after axing six vessels on order at Chinese yards.
DryShips secures debt waiver from Deutsche Bank DNB Nor agrees a waiver on $86m in lending that covers two dry bulk ships.
Frontline abandons newbuilds FRONTLINE has announced the cancellation of one-third of its newbuilding orderbook while reporting a steep fall in net income in its financial results for this year's first quarter
APM called top ship borrower THE WORLD'S largest shipping company, AP Møller-Maersk, has borrowed $6.2Bn in the first quarter of 2009, a report by the financial data company Dealogic said today
Japan to tighten Korea sanctions JAPAN is responding to North Korea's latest nuclear test and short-range missile launch by toughening its sanctions against Pyongyang
BBC swallows Asian joint venture GERMAN breakbulk and projects carrier BBC Chartering & Logistic has seized full control of its joint venture Asia Project Chartering
End-game near for Polish sales POLAND'S Gdynia and Szczecin shipyards are due to finish work tomorrow on the selloff ordered by the EC, the government-owned agency responsible for the sale told Fairplay today
Russia looking into scrap closures RUSSIA'S antitrust watchdog is opening an inquiry as to why most of the country's customs clearance points for ferrous scrap exports have been shut down by the customs service
FREE to soar Nasdaq-listed Freeseas climbs 27% on high volume after 'beating Street,' but analyst stays lukewarm on future.
Star dims Investors punish Greek bulker owner for earnings miss, but analyst says fundamentals remain solid.
Freeseas triumphs Ion Varouxakis-led bulker owner builds net profit in first quarter as fleet expands and costs are kept low.
$1bn let-off Deutsche Bank the latest to offer DryShips a reprieve as it waives breach on loan covering two newbuildings.
Two out Indonesia's HIT selling tanker duo to bring in cash for operating expenses.
MMM mulls deals Malaysian Merchant Marine eyes "ship related deals" but admits downturn impacted "significantly".
Pal peril Union claims 800 of 2,400 workers at Indonesian yard could be made redundant.
Frontrunner John Fredriksen's Frontline is the best performer on the Oslo exchange this morning after its results beat estimates and newbuilding cancellations erase financing fears.
Flu for three Three crew on board Carnival cruise ship Pacific Dawn contracted H1N1 swine flu, but no passengers infected, owner says.
John culls six Frontline has cancelled orders for four suezmaxes and two VLCCs, but the dividend stays.
Reefer 'free soon' Eastwind denies Matterhorn master ignored French calls to put into Brest, ship could sail in a few days.
Taiheiyo takeover Struggling Japanese tanker and bulker owner to become fully controlled by giant shareholder NYK.
Dutch deal Royal Vopak confirms new oil storage terminal in port of Amsterdam.
MBC falls back Malaysian bulker and tanker owner sees first quarter profit slashed, but will continue to add to its fleet.
Ferry chief ousted Sydney Ferries boss Geoff Smith sacked over alleged misuse of corporate credit card.
Port pile-up Hoegh car carrier involved in collision with two Maersk vessels and a German feedership at Bremerhaven.
Impairment pain Helmut Sohmen-headed BW Gas plunges to hefty first quarter loss as writedowns ruin its balance sheet.
Q-Ship to sell Qatar Shipping to fetch $110m in sale of LNG tank building division Q-Con.
APC to dissolve BBC Chartering and Clipper Projects set to end five year Far East project shipping joint venture.
Star Bulk shines Akis Tsirigakis-led bulker outfit, part owned by TMT's Nobu Su, sees profits jump on larger fleet.
Long Beach trims US west coast port has cut its annual budget by nearly 14% in face of global economic slowdown.
Frontline cancels a third of the order book John Fredriksen controlled Frontline has slashed its order book substantially after having cancelled six tankers representing 33 per cent of its ordering. Four suezmaxes have been cancelled at Jiangsu Rongsheng
Swedish tanker sold for bunker operation off Africa The Danish bunker operator Monjasa A/S, Fredericia, has purchased the Swedish owned tanker Betty Theresa (on long-term charter to Herning Shipping) and renamed the tanker Energizer. In the
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