Barge freight rates in US set for more gains Freight rates to ship grain by barge to the US Gulf, which surged as much as 50 per cent last month, are set to head higher this fall as the corn and soyabean harvest builds momentum, likely raising export prices.
Westports on course for RM900m turnover Westports Malaysia expects to chalk up revenue of close to RM900 million (S$389 million) this year, driven by brisk business activities due to an improved global economic scenario.
Vietnam arrests 4 more execs of troubled Vinashin Police have arrested four additional former senior executives of Vietnam's debt-laden, state- owned shipbuilding company as part of widening investigations into mismanagement, state media reported on Saturday.
Penske opens warehouse in Brazil for Whirlpool Penske Logistics has opened a 11,000 sqm warehouse in Manaus (Brazil) for its customer white ware manufacturer Whirlpool. Penske Logistics Brazil will store and ship Whirlpool bran...
Rhenus expanding in Asia Rhenus AG & Co. KG recently signed an agreement with the Pro-Log Group, based in Asia, to acquire a majority shareholding in the group. The move enables Rhenus to further conso...
GM Europe prolongs partnership with Chep General Motors Europe (GM Europe) has chosen Chep, one of the world's leading pallet and plastic container pooling specialists, to be its service provider once again. The latest co...
Port of Hamburg: throughput rising The port of Hamburg reported that its seafreight handling activities are increasing, thanks to the upsurge in global trade. The port's interim throughput jumped by 8.1% auf 58.6 mi...
Grup TCB expands infrastructure at its terminal in Turkey Grup TCB has acquired a new mobile harbour crane to expand its infrastructure at its TCEEGE terminal in Turkey. This brings the total number of mobile harbour cranes at this termin...
Vietnam's largest container seaport opens second phase Tan Cang-Cai Mep, Vietnam's largest container seaport, will inaugurate its second phase later this year; allowing it to receive ships with a loading capacity of up to 110,000 t. T...
SMM 2010: U-turn on reflagging not enough to rescue KG funds Move to drop requirement in exchange for extension of tonnage tax regime not enough to save struggling KG system
German owners learn true value of training
Container lines bounce back after 2009 losses
Greek owners start to regroup
Caiano set to buy Green Reefers Kristian Eidesvik group to proceed with mandatory offer after taking controlling...
Green Reefers could become takeover target
Socatra sells tanker at premium price of $30m Deal on subjects at reported value $2m above brokers' estimates
Newlead's turnaround on track to bear fruit
Handysizes in demand with medium size gas carriers fully booked Charterers fix handysizes for shipments of ammonia out of the Middle East
Lyttelton is rattled but open LYTTELTON'S tremor-rocked port in New Zealand returned to a full day's operation today, but infrastructure damage in the region will continue to affect deliveries to and from its facilities
OceanFreight cuts losses OCEANFREIGHT, the Athens drybulk and tanker shipping operator, has pledged to forge ahead in renewing its fleet despite second-quarter net losses
Indian commandos foil pirates INDIA'S navy said today commandos from its destroyer Satish have seen off Somalian pirates who were closing in on a dozen merchant ships off Somalia in the Gulf of Aden
Pirates strike off Indonesia PIRATES have reportedly attacked a Japanese chemical tanker off Indonesia
Transneft cites pipeline pledge FUNDING has been agreed for a $4.5Bn trunkline that will join the main Russian pipeline system delivering to tankers at Primorsk, on the Gulf of Finland, Transneft said
Guido Grimaldi dies at 93 GUIDO Grimaldi, founder and chairman of Grimaldi Group, has died in Italy at age 93
An icy waiting game in Arctic ICEBREAKER Henry Larsen is standing by today to aid the grounded tanker Nanny while it waits a sister ship to arrive, the Canadian Coast Guard said
Shipping crisis sparked by greed Eye-watering rates lured investors to splash cash triggering turmoil, says seasoned trouble shooter.
Green Reefers falls on low buyout offer Kristian Eidesvik makes minority shareholders in Oslo listed reefer operator an offer they will find easy to refuse.
Tallink numbers on the up Estonian ferry player posts fourth quarter growth in passenger and cargo traffic.
Indian ship evades pirates Great Eastern bulker Jag Ratan and 11 other ships 'saved' from Gulf of Aden attack by Indian Navy.
Hellenic 'evaluating market' Fotini Karamanlis-led Greek mulling newbuilding or second-hand deals as it lets Chinese kamsarmax option go.
Bulker crewman hospitalised Bengali engineer taken from Great Wisdom off Russia with severe prostatitis.
Turkey makes it five UN-backed ship scrapping convention still some way from reaching the 15 signatories needed to enter into force.
Athenian books VLCCs at HHI Minos Kyriakou-led Greek to take up to three VLCCs at Korean yard in splurge of up to $320m.
Grimaldi founder Guido dies "Far-sighted, modern businessman" who started with one liberty ship dies aged 92 in Italy.
PNSC's annual profit plunges Revenues also down at Pakistan state shipowner after it scrapped older vessels.
Volgotanker claim kicked out Court dismisses $200m compensation case against Russian owner over oil spill from Volgoneft-139 in 2007.
Long lay-offs at Turku STX Finland chief Juha Heikinheimo warns of delay in re-employing shipyard workers if new orders are won.
Hellenic down on rate slide Fotini Karamanlis-led Greek bulker owner sees profit fall in first half but eyes rate stabilisation.
Worker overcome by fumes Probe begins into Perkins Shipping employee's exposure to toxic chemical in Australia.
Network Chartering reveals loss Bankrupt Norwegian tanker broker lost nearly $63m in 2009 as chemical markets crashed.
Greek fined in 'magic pipe' case Lengthy jail term avoided as chief engineer of Transmar bulker hit with probation period and fine.
Seadrill in Brazil spin-off? Barclays Capital says such a move could smooth John Fredriksen driller's move into South America.
Four more Vinashin arrests Former directors held in financial probe after ex-chairman Pham Thanh Binh "confesses."
Losinjplov making more money Croatian ro-ro owner enjoys strong second quarter, erasing loss in first three months.
Crew hurt in life boat drill Two men taken to hospital after crank fails during exercise on Finnish ro-pax.
Pirates rob Japanese tanker Focus switches to waters off Indonesia as Chemroad Luna attacked after recent piracy surge off Malaysia.
Ferry and yacht collide USCG reports no serious injuries after Carteret involved in clash off North Carolina.
Drunk master gets a month Ukrainian captain sentenced to jail in Sweden over Flinterforest grounding.
PPL stake sale re-jigged Baker Technology makes key amendments to deal to sell PPL Shipyard stake to China's Yangzijiang.
New Western wins double Bangladesh shipbuilder to deliver two coastal tankers to Bangladesh Petroleum Corp.
Van Oord wins Aussie deal Dutch dredging outfit secures work on new Cape Lambert Port facility in Western Australia.
Naval units to become civilian workboats The Turku-based shipping company Rederi Ab Fakir has bought two surplus units from the Finnish navy. The company has acquired the transport ferries Kampela 1 and Kala 4, which
New plan for another ferry service to Norway The former head of Sams'-Linien, Valter Merrild-Hansen is the frontman in yet another initiative to open a ferry service between Denmark and Norway. 'Color Line have moved their
Viswa Lab illustrates disconnect between price and quality 'Best' quality fuels should be worth over $100 per tonne more than those with a low 'True Worth Index'.
Small price gains in Rotterdam, Hamburg Bunkers trading higher even as crude oil futures show signs of easing.
Fujairah IFO prices firming Tight barge schedules in Middle East hub.
Martek develops system to measure funnel smoke Measuring density of funnel smoke could help shipowners defend themselves against claims.
New team member for Turkish supplier Laura Toplar has joined CYE Petrol as a bunker trader.
New Managing Director at Global Risk Management Christensen will head GRM's offices and work on strategy and business plans.
Clouds spoil voyage for world's biggest solar vessel Vessel aiming to sail around the world using solar power forced to stop to recharge batteries during maiden voyage.
Week opens with bunker prices mostly firm Singapore market sees lacklustre demand.
Iran holding fuel oil stocks at sea Western sanctions facing buyers with 'financing difficulties'.
Japan bunker market more competitive Price differential between Japan and Singapore bunker market narrows as Japanese players seek to attract buyers.
Barge operator swings to a loss Set to raise $100 million to reduce outstanding debts.
Shipping firm to further lower fuel surcharge Attributes reduction to lower bunker prices and company's fuel conservation and fleet optimisation.
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