Vale's mega ships to stall maritime recovery for years The rollout of the world's largest dry bulk carriers by Brazilian mining giant Vale in 2011 will slash the cost of shipping commodities and choke off a recovery in the freight market for years.
Tallink group improves its cargo performance in November The Tallink group transported 26,408 freight units (+18%) in November. The key figures for the first quarter of the 2010/2011 business year also showed the centre's positive develo...
Turnover in Germany's inland waterway industry decreases in 2009 Germany's federal statistical office has reported that the nation's enterprises engaged in inland water transportation activities generated sales of EUR 1.27 billion in 2009, a dec...
Port of Long Beach and Panama Canal Authority sign agreement Officials representing the port of Long Beach and the Panama Canal Authority recently agreed to a series of efforts to promote trade between Latin America and the USA. The two auth...
Groupe CAT wins BMW contract in UK Groupe CAT has won a major new long-term contract from the BMW Group in the UK, becoming the latter's technical services provider at sites in Thorne (near Doncaster) and in Oxford....
GAC expands UK network with new Sheffield office Sheffield is the latest city to be added to the GAC Logistics UK network, with the latter opening its doors for business in the city located in Yorkshire (England). GAC's offices a...
Turners Shipping joins BDP Global Network in South Africa Turners Shipping, based in Durban (South Africa), joined the BDP Global Network on 1 December, and will now represent the US global logistics provider BDP International's network i...
German airfreight volumes hit 3 million t in three quarters German airports handled 3 million t of airfreight in the first three quarters of 2010, according to data released by the German federal statistical office (Destatis) on the occasio...
Panama Canal reopened THE PANAMA Canal has reopened, a day after flooding forced its closure for the first time in more than two decades
Venezuela, Cuba warnings WikiLeaked US EMBASSY cables divulged by WikiLeaks have suggested that Venezuela's oil expropriations backfired disastrously and that Cuba is on the brink of bankruptcy
Paraguay's trade blocked RIVER trade to and from landlocked Paraguay has been at a standstill for more than 40 days because of a union blockade, IHS Global Insight reported today
Eurochem acquires rights for Ust-Luga terminal EUROCHEM, one of Russia's largest fertiliser producers and exporters, has acquired the rights to ship from the Baltic seaport of Ust-Luga, it told Fairplay today
Chennai clearing box glut CHENNAI Container Terminal officials said they hope by tomorrow to clear a huge back-up of import containers that mounted during a strike
US adopts box findings THE US government has formally adopted recommendations addressing box liner capacity shortages for US exporters
Mica confirmed as US House T&I chief JOHN MICA was confirmed by his fellow Republican congressmen as the new chairman of the House Transportation & Infrastructure Committee yesterday
The million dollar club Elena Mavrogonatou-led wealth management outfit from RBS and Coutts has $1m entry level.
Great Eastern seals sister deal Indian owner wraps up raid on another of Greek products tanker, brokers say.
Cosco tanker held in charter row Chinese vessel seized in Hong Kong over newbuilding dispute with Germany's Hermann Dauelsberg.
Panama Canal reopens Ships resume passage through vital Central American waterway following closure due to flooding.
Saudi silent on release Naval force confirms TradeWinds' Tuesday report of Al Nisr Al Saudi freedom but owner mum on issue.
Gwadar port deal goes to court Regional Pakistan government wants PSA's 40-year concession to run terminal scrapped.
Tankers chopped at Mipo One or more Asian owners axe chemical tankers at Hyundai Mipo Dockyard with $76m lost.
Polys cans VLCCs at Hyundai Heavy Greek owner Polys Haji-Ioannou chops tanker twins at Seoul-listed shipbuilder, completing his exit from the sector.
Ferry link hopes dashed by cuts Chances of lauching new service between Scotland and Northern Ireland dwindling due to budget reductions.
One dead in tanker smash Two more crew from sunken Jan De Nul dredger missing after collision with Crystal Topaz in Westerscheldt river.
Norborg nets Norden VP role Dane's dry-bulk chief says appointment of second vice-president "not a strategic change".
Floods close Panama Canal Vital South American waterway shuts for first time in 20 years due to severe weather.
Louis cruiseship in U-turn Louis Majesty heads back to Malaga after passenger boarded wrong vessel.
OceanFreight details sales US shipowner offloads aframax and three bulkers as third quarter results slip due to asset disposals.
IRISL denies French loan failure Iranian owner's boss Mohammad Hossein Dajmar says three boxships were not seized because of default to Credit Agricole.
Tug attacked off Singapore Ten armed robbers board vessel in the early hours of Wednesday just west of Jurong Island.
Body found in sunken barge Third crewman confirmed dead after collision with tanker off Hong Kong.
ITC overhauls VLCC sales offer Bond affiliate of John Fredriksen's Independent Tanker Corp revisits auction of Frontline pair as charters near completion.
DSME wins offshore orders South Korean shipbuilder confirms orders for a drillship and a semi-submersible drilling rig.
NOCC notches up another deal Lars Solbakken-led owner boosts its buying power after shedding shares in one of its older vessels.
Smokes smuggled on Spanish ferry Stash of cigarettes found in Colombian passengers' suitcases on Volcan de Tijarafe.
Ferry saves African migrants Acciona's Juan J Sister picks up 44 people from inflatable boat off Spain.
Saudi Arabian vessel freed The Saudi Arabian-flagged product tanker Al Nisr al Saudi has been freed after being held by pirates for several months, reports EU Navfor. It is unclear whether any ransom
Growing demand for offshore vessels The demand for offshore service vessels (OSV) is growing, according to Germanischer Lloyd. There are some 2,500 offshore service vessels worldwide and steady growth is projected from now through 2020
Lauritzen Kosan takes delivery of LPG carrier Lauritzen Kosan has taken delivery of the first LPG carrier in a series of six units from the Chinese shipbuilder Yangzhou Kejin in Jiangdu. The vessel has been named Helle
Last docking at Fredericia T'rntank AB's chemical and product tanker Tarnbris, 11,289 DWT, will most likely be the very last vessel to dock at Fredericia Shipyard. At the end of the this week, the
Japan prepares rescue mission for ailing yards The Japanese government will use subsidies and tax cuts in a bid to help its struggling shipbuilding industry. The Ministry of Land, Infrastructure, Transport and Tourism will shortly announce comprehensive
Bunker prices lack direction Mostly low demand at Asia's key bunkering hubs on Thursday, according to traders.
More share buys for Andatee CEO Has acquired a total of $0.24 million of shares to-date as part of a $0.5 million share repurchase plan.
Work to start on Vitol oil terminal in Cyprus Terminal to have an initial storage capacity of 340,000 cubic metres for gasoline, diesel, jet fuel and fuel oil.
Chemoil may lease Fujairah terminal to Glencore, Itochu Chemoil, GPS plan to retain some capacity for their own operations, says CEO.
Russian oil majors to keep 'equal' bunker share Lukoil and Gazpromneft to have equal share of low sulphur fuel supply in Russian Baltic ports.
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