Vale borrows US$1.2b for 12 new vessels Vale, the world's largest iron ore producer, said it plans to borrow US$1.23 billion from two Chinese lenders to finance the construction of 12 shipping vessels, taking advantage of falling borrowing costs to fund expansion.
Fire briefly halts shipping at large Venezuela refinery A fire tore through a dock where an oil tanker was loading on Saturday, briefly halting shipping at Venezuela's 310,000 barrel-per-day Cardon refinery days after a blaze shut another of the Opec member's oil units.
Pirates attack car carrier off Indonesia; crew unharmed Pirates boarded a Japanese auto transport ship and robbed its crew off Indonesia late on Friday, but no one was injured and the undamaged ship resumed its voyage, Japanese media quoted the transport ministry as saying.
Norbert Dentressangle service provider for Brakes Group The French transport and logistics service provider Norbert Dentressangle has been appointed to provide a frozen consolidated distribution service by leading foodservice supplier, ...
Panopa organising 300th steel coil transport run for Petrofer The German logistics service provider Panopa Logistik GmbH, based in Duisburg, has organised the transport of steel coils for the 300th time for the Swiss firm Petro...
TNT expands activities in China The Amsterdam (Netherlands)-based postal and CEP operator TNT plans to invest EUR 170 million in Chinese domestic road delivery services over the next few years. TNT's EUR 170...
GL releases study for fuel cell systems on seagoing vessels Germanischer Lloyd (GL) and the Hamburg City Administration for Urban Development and Environment have compiled a market study for fuel cell systems. One conclusion of the study&nb...
Hybrid HGVs on trial in Quebec Hybrid trucks are undergoing trials on the streets of Quebec (Canada). The project should encourage forwarders to change to hybrid trucks. The study is being financed to the tune o...
New study shows European seaports recovering well According to a new study compiled by SCI Verkehr, an independent German consulting firm, European seaports are recovering noticeably. This means that the ports'...
Gebrüder Weiss appoints new director The Gebrüder Weiss group, headquartered in Lauterach (Vorarlberg, Austria), has selected its long-serving employee Werner Hagen to be the director of the company's finance and acco...
Horizon Lines receives 2010 Quest for Quality Award Horizon Lines, Inc, a leading US-based domestic ocean shipping and integrated logistics company, has been awarded a 2010 Quest for Quality Award from Logistics Management magazine....
UIRR lambastes German automobile industry association study The association of combined transport companies (UIRR) has sharply criticised a study commissioned by the German Automotive Industry association VDA. The study's findings claimed t...
John Holland closes Oz port deal JOHN HOLLAND Group has won a A$276M ($256M) contract to build wharf infrastructure for Rio Tinto's Cape Lambert Port B project in Western Australia
Two held in HK ivory smuggling ANCHOVIES reportedly turned out to be elephant tusks when Hong Kong customs searched two shipping containers
China's iron ore imports fall IRON ORE imports to China plunged 13% in August, the biggest drop in seven months, the General Administration of Customs said today
Ukraine rejects grain curbs UKRAINE today rejected the option of restricting grain exports
Iran isolated? The past couple of weeks have seen the Japanese and South Korean Governments follow the United Nations Security Council (UN) and administrations in the European Union and the US and impose more rigorous sanctions on Iran over fears of what it's nuclear development programme is all about.
HSBC Global Research points to slowing rates of growth
K-Sea crew fingered in barge bash NTSB says disabled duck boat's radio warnings to K-Sea tug fell on deaf ears prior to fatal allision in US waterway.
Banks back Vale VLOCs Brazilian mining behemoth bags $1bn loan to bankroll 12 bulker newbuildings.
Siem PSV scores EMGS gig Oslo-listed survey player rings Norwegian offshore outfit for aid in acquiring 3D data.
Navios seals Cheng tanker deal Navios Maritime Acquisition ties up seven-unit VLCC swoop amid rumours about seller Fred Cheng's job prospects.
Pirates caught red handed in IRTC Danish Navy forced to shoot through skiff's bow as dramatic pictures show suspects dumping weapons.
Broker Steensland hospitalised Elderly Norwegian shipbroker Inge Steensland suffers stroke and is taken to hospital, TradeWinds hears.
Hong Kong seizes smuggled ivory Customs agents crack open containers to seize $1.4m worth of undocumented elephant tusks destined for China.
Union fights BC Ferries ruling Canadian arbitrator says masters and other senior officers should be excluded from workers' organisation.
Blaze closes PDVSA crude terminal A key Caribbean tanker transhipment terminal has been put out of action by a major fire.
Tidewater eyes buys with refinancing Dean Taylor-led offshore vessel owner to raise $425m in two private placements with tonnage on menu.
Quotes of the week Norwegians wax lyrical about Brazilians as Todd Hornbeck prepares to give US decision makers a ticking off.
Missing today's paper in Norway? Due to a flight problem from London Heathrow, TradeWinds will be delivered in Norway on Monday.
New5 In Numb3rs Top tanker owner NITC is facing sanctions trouble despite efforts to distance itself from the Iranian state while a group of hijackers find piracy doesn't always pay.
CSC eyes return to glory Sri Lankan owner aiming to make a profit within six months and expand into passenger shipping.
Lauritzen confirms Caecilie sale Danish owner says 2009-built capesize has gone to Sinokor of South Korea.
Samsung hauls in five South Korean shipbuilder says it has won orders for five tankers and an offshore platform.
Tanker blast leads to spill Clean-up continues following explosion in cargo tank on FSO off Indonesia.
Forklift fiasco at Newcastle Driver rescued after plunging into sea while unloading P&O cruiseship in Australia.
Warship and tug collide UK destroyer damaged in collision with Svitzer vessel off Southampton.
Gotlandia II ferry hits ramp No injuries reported after Rederi AB Gotland vessel suffers damage at port of Oskarshamn.
Marineco opts for Damen Scottish vessel operator goes to Dutch specialist shipbuilder for offshore wind industry newbuilding
Kawasaki Kinkai to rise Japanese bulker and ro-ro owner looking forward to better first half although revenue increase to be modest.
Passengers tell of 'horror cruise' Pullmantur abandons African cruise in the Canaries after air con, toilets and electricity fail.
AtoB@C to order newbuilding AtoB@C Shipping in Ystad on the Swedish south coast has ordered a newbuildning from the Dutch shipyard Bodewes. The newbuilding is a 4.000 DWT dry cargo vessel with
Dueodde sold to New Zealand Bornholmstrafikken has sold their ropax ferry Dueodde to a New Zealand buyer in accordance with the future plan for the traffic to Bornholm. Dueodde will be delivered after docking shortly
Two Danish vessels sold on auction Two Danish owned vessels have been sold via auctions. In Miami the German Lubeca Marine Management hammered down the coaster Stella Maris for USD 3.5 million. The 2008-built
STX Norway to build LNG powered PSV STX Norway Offshore has entered into a new contract with Olympic Shipping for the building of an LNG powered Platform Supply Vessel. The vessel is scheduled for delivery in Q1
Bunkers waiting for more market direction Debate between bulls and bears still ongoing.
Bullish crude nudges bunker numbers higher Firming mostly seen, but local factors coming into play.
Performance monitoring can cut bunker costs Eniram says its Fleet Performance Monitoring System (FLEET) allows active monitoring of key performance indicators.
End of week prices mainly down in Rotterdam, Hamburg NYMEX showing gains of more than $1.50 in early trading.
IFO prices rise in Fujairah Tight avails for prompt deliveries in UAE bunker hub.
LNG marine fuel an 'economically positive reality' DNV to class 'world's first' LNG-fuelled coaster.
German owner to pioneer LNG-fuelled container ship A first for use of LNG as fuel on a container ship and in worldwide trading says partner DNV.
Bunker operations will 'start in a big way' But SLPA chairman refuses to give details of Hambantota plans.
Bulker 'to blame' for Mumbai collision, says inquiry Bio-cleaning 'oil zapper' being used to clear bunker spill.
Hong Kong IFO prices up by $5.50 pmt Demand generally weak in key Asian ports.
ABS to study add-on device for 3-4% enchanced propulsion Teams up with Shanghai Merchant Ship Design & Research Institute for two year R&D project.
Wartsila Marine ECC product improves power by 8-12% Uses 'Organic Rankine Cycle' technology to generate more energy.
10% of Germanischer Lloyd fleet to get Environmental Passport Reflection of trend to reduce environmental implications of shipping, company says.
Aegean expands bunkering operations with newbuild Takes delivery of new bunker tanker to serve markets in Gibraltar and Tangiers, Morocco.
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