Baltic Dry Index posts first fall in 13 sessions The Baltic Dry Index, a measure of commodity shipping costs, fell for the first time in 13 sessions on weaker demand to charter iron-ore carriers.
Iran feels sanctions heat at UAE ports: sources Ships carrying petroleum to Iran face greater scrutiny at ports in the United Arab Emirates as new Western sanctions bite, leaving the Islamic republic to seek alternative hubs, trade and shipping sources say.
Al-Qaeda linked group claims attack on tanker A group linked to Al-Qaeda claimed yesterday that a suicide bomber from its organisation was responsible for an attack on a Japanese supertanker last week in the Strait of Hormuz.
Emons takes over Mauter Spedition KG The German forwarding company Emons Spedition GmbH, based in Cologne, has acquired all the shares in Mauter Spedition KG, which is located in Neustadt-Glewe and Neubrandenburg (bot...
US authorities settle civil complaint against Panalpina The US authorities have settled a civil complaint against Panalpina Houston. The service provider had been named as a defendant in a qui tam civil complaint filed several...
DSV on the right track in H1/2010 DSV A/S, a global transport and logistics service provider based in Br'ndby near Copenhagen (Denmark), has published its interim results for 2010. The consolidated turnover for the...
Agility launches operations in Cambodia The logistics service provider Agility has officially launched operations in Cambodia by opening an office in Phnom Penh. The move supports Agility's network growth strategy and fu...
CMA CGM on the brink of obtaining fresh capital CMA CGM, the highly indebted French shipping company, may be able to increase its capital through external investors in August. The search for new capital had been ordered by the 6...
Peter Vogl joins M&M Militzer & M'nch's management board The Swiss logistics company M&M Militzer & M'nch, based in St Gallen, reported that Peter Vogl bcame its new executive vice-president and a member of its on 1 August. Vogl ...
Freight Co Ltd (Bangkok) names new regional sales manager The Freight Co Ltd (Bangkok) reported that Harm Emaus became its regional sales manager ' key accounts, effective 1 August. Emaus is concentrating on project key accounts in Southe...
Gulftainer opens multipurpose facility The UAE-based port operator Gulftainer recently opened a multipurpose facility at berth 8 in the port of Umm Qasr (Iraq). The service provider welcomes new and present cu...
Plane crashes in Alaska and Canada - update on LH Cargo crash On 1 August, a Fairchild C-123K Provider cargo plane, operated by All West Freight, crashed on the southern flanks of Mount Healy, about 2 km from Denali National Park AK (USA). Th...
Terrorists claim VLCC attack A TERRORIST group linked with Al Qaeda has reportedly released a statement saying it attacked the Mitsui OSK Lines VLCC M. Star last week
Feared Senate bill stalled A US SENATE bill that would have tripled shipping liabilities in US waters failed to gain enough votes to advance yesterday and will be shelved until at least the autumn
Guilty plea in Tampa 'magic pipe' A TURKISH seafarer has pleaded guilty to contravening US pollution laws and faces up to six years in prison
Mundra reports 24% growth MUNDRA Port & Special Economic Zone today reported 24% growth in the April-June quarter, compared with the previous year's period
Eagle soars in the second Sophocles Zoullas-led bulker owner trumps Wall Street estimates as revenue climbs 24%.
Alterna hunts 'perfect deal' Brokers race for a bite of $150m treasure chest as private equity player prepares to pull S&P trigger.
Bow Saga seven sail home Suspected pirates to be set free just twenty-four hours after launching violent attack on tanker.
Cecon insider slices stake Director dumps 100,000 shares in troubled offshore outfit while top brass continues to court Norwegian financier.
Ship smash leaves 12 missing One ship said to have sunk after collision off Indonesia with 11 crew members rescued.
Adani readying bulker splash Indian group eyes $1.5bn bulker binge as part of a wider $30bn spending plan.
Courage bulker hits the breakers Hsu Chih Chien-led bulker owner banks $500,0000 as it sheds over the hill handy.
Cosco Dalian grabs bulker duo Cosco yard gets order for "over $70m" from unnamed Hong Kong owner for post-panamax pair.
Flinter strikes deal with banks Dutch owner's financial shake-up includes transferring 12 ships to management and affiliated shareholders.
OSG tipped for full-year loss Analysts forecast 2010 red ink for tanker owner after worse than expected second quarter.
Cruiseship whale "already dead" Post-mortem reveals humpback probably lifeless when Princess Sapphire hit it off Alaska.
Crude to show its true colours Evangelos Marinakis-backed company will find Wall Street a happier hunting ground after its second quarter results, analyst says.
Do you want a tanker with that? Knutsen ship comes within 10 feet of riverside restaurant in Michigan after losing power.
Nyborg 'surprised' by orders Pac Basin boss Klaus Nyborg does, however, see more value in newbuildings than second-hand units.
Cash-rich Greek makes its move Kritsas Shipping makes long-anticipated S&P play with $24m bulker buy, brokers say.
DVB: 'Too soon to sound all clear' Boss Wolfgang Driese says bank remains selective as large orderbook signals volatile times ahead.
Terrorists claim M Star hit Al-Qaeda-linked group says suicide mission on Japanese VLCC aimed at hurting global oil trade.
Jewel suffers engine trouble Royal Caribbean cruiseship skips Stockholm after hydraulic motor breaks down.
Drydockings clobber Aboitiz Scheduled ship maintenance pushes Philippines ferry owner to first half loss.
Aberdeen enjoys busier Q2 Cargo volumes, passenger numbers and shipping traffic all rise at Scottish port in the second quarter.
Vroon adds one more wind ship Dutch owner's MPI Workboats declares option for wind farm support vessel at UK shipyard.
Profit takes a dip at Daewoo World's second largest shipbuilder sees its second quarter bottom line slump.
China takes more tankers Fixtures from West Africa to Chinese ports doubled during July, although it failed to lift rates.
World Fuel profits rise Bunker player sees strong second quarter as marine arm reports highest gross profits since early 2009.
SILK seals Islamic funds Malaysian holding company ties up $70m facility to part finance two anchor handler newbuildings
SGX in first box swap Singapore Exchange has cleared its first container swap trade since launching service on Monday.
TAS Offshore weaker Newly-listed Malaysian offshore vessel shipbuilder decline from previous quarter due to higher costs.
Six hurt in ferry smash Propeller tangle blamed after BC Ferries' Queen of Nanaimo hits dock at Mayne Island, Canada.
Signal wins rig work US driller Noble takes advantage of Gulf of Mexico drilling moratorium to upgrade semi-sub.
Alam in barge venture Offshore players Alam Maritim and Pacific Radiance team up in accommodation barge deal.
CalMac under fire over breakdown Scottish ferry owner takes the flak after Clansman out of action a day after returning from repair yard.
Uni Tankers sells the oldest unit to Russia Uni Tankers, Middelfart, has sold their veteran tanker Arctic Swan to Russian Luk Oil. The tanker has been delivered and is now engaged in bunker operations in the Black Sea
Greece implements extended dry-docking programme The Greek flag state will implement Germanischer Lloyd's extended dry-docking programme. GL states in a press release that it "offers owners and operators the chance to extend the dry
Spain fails in Prestige claim The district court in New York has ruled in favour of the classification society ABS against Spain, which filed a USD 1 billion lawsuit against ABS for the disaster involving
Stockpile report fails to dent oil's optimism Prices firming as markets digesting today's numbers.
Rotterdam sees rise in Asia-bound fuel oil cargoes Fall in charter rates 'decisive factor'.
Outage at Saudi refinery Plant uses fuel oil as feedstock.
Rotterdam IFO prices stable Good demand and avails in Hamburg.
Crude continues to defy gravity But debate rages over whether economic recovery is meaningful.
Prices lack direction in Fujairah NYMEX showing slight gains in early trading.
Vancouver honours cleanest shipping port users Launches award in recognition of 'commitment to environmental stewardship' by participants in emission-reduction scheme.
Judge dismisses $1 billion claim against ABS Fuel oil spill: 'Owners must take ultimate responsibility for seaworthiness.'
WFS posts 'strong results' Marine fuel division sees its highest quarterly gross profit for more than a year.
IFO prices continue to firm through mid-week Low demand for bunker fuel at most major Asian ports.
Bunker supplier to pay pirates $2 million Previous figure of $20 million 'misquoted' by Arab-based newspaper.
Bunkering operations resume in Dalian Full services to resume by Friday.
South Korea bunker volumes up 6.25% in August Traders signal no need to import bunker fuel.
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