A window to life at sea - warts and all THIS week's column is about a book written with intention of assisting young chief officers, or mates, to do their job. Judged just on that basis, Michael Lloyd's The Complete Chief Officer is a success, and a quite unusual book.
Vopak prospering in Q3/2010 Vopak, a tank farm operator and logistics service provider based in Rotterdam (Netherlands), boosted its Q3/2010 ebitda to EUR 153.8 million, 12% more than the EUR 127.2 million ac...
Express-Interfracht sets up new subsidiary in Croatia The global logistics service provider Express-Interfracht, a subsidiary of Rail Cargo Austria AG, has been working in Croatia under the uniform brand Express-Interfracht Croat...
SBS Worldwide and Blue Water Shipping sign agency agreement Freight forwarder SBS Worldwide and the international shipping, transport and freight forwarding company Blue Water Shipping have signed an agency agreement which covers all sea an...
Several fatalities after cargo plane crash in Sudan According to the Aviation Safety Network, an Antonov 24 cargo plane, operated by Sudan-based Tarco Airlines, was damaged beyond repair in an accident at Zalingei airport ...
Skymark Airlines signs MoU for four A380s Japan's Skymark Airlines has signed a memorandum of understanding (MoU) with the European plane maker Airbus for the purchase of four A380s. The aircraft will be operated on m...
Colombia becomes 100th US open-skies partner Colombia recently became the USA's 100th open-skies partner, when representatives of the two countries reached agreement to liberalize USA-Colombia air services for airlines of bot...
Port of Brisbane sold for AUD 2.1 billion A group led by Abu Dhabi Investment Authority (ADIA) and infrastructure investment fund Global Infrastructure Partners (GIP) have agreed to buy a 99-year lease on the port of Brisb...
Thierry Mariani new French secretary of state for transport The reshuffling of the government in France has now been completed, with François Fillon, the old and new prime minister, presenting his new cabinet in Paris on Sunday. Thierry Mar...
Cargolux names Frank Reimen as CEO, Ulrich Ogiermann becomes special advisor The Luxembourgian airfreight carrier Cargolux Airlines has appointed Frank Reimen as president and CEO of the company, with effect from 1 January 2011. Reimen, who has in-depth kno...
Nicole Gaiziunas to promote tailor-made corporate courses at EBS Business School Nicole Gaiziunas, managing director of executive education at the Supply Chain Management Institute of Germany's Wiesbaden-based EBS Business School, has been promoted to the manag...
Rejuvenation of the CNAN fleet Algeria's Gestramar recently established a programme to purchase 26 new ships for the country's state-owned shipping company CNAN. The scheme will be implemented over the next four...
Horizon Lines launching new service Horizon Lines, a leading US domestic ocean shipping and integrated logistics company, is set to launch an express intermodal container service to key inland US cities when it ...
Wang urges shipbuilders to revolutionise boxship design Seaspan prepared to order up to 40 boxship newbuildings if yards lower prices and adopt new technologies
Wang reveals how Seaspan thrived in a global crisis
Environmental products boost Wärtsilä's orderbook
Costamare takes boxship value case to Wall Street
Hapag-Lloyd posts record results Box line reports revenues of $6.4bn for first three quarters of 2010 after bailout
Zim's new faces focus hard on the bottom...
SITIC Holdings' container volumes record 15% increase in first 10 months Hong Kong-listed container line tops 1.1m teu as average freight rates for period...
Brightoil Petroleum eyes gap in Chinese oil...
Aframaxes set for boost from suezmax rates surge Shipbrokers report that 130,000-tonne cargoes are being split onto two aframax...
NY shipping stocks sink PUBLICLY listed shipping shares in New York were pummeled by investor concerns on reduced Chinese growth and instability in the euro zone
Fire fallout rocks Carnival THE FIRE-damaged cruise ship Carnival Splendor will be out of service far longer than previously predicted, costing Carnival Corp $56M
Frangou follow-on parade continues ANGELIKI Frangou's tanker firm Navios Acquisition has priced an upsized follow-on offering, as shipping's secondary sales show little sign of abating
Scorpio launches follow-on SHARES in NYSE-listed Scorpio Tankers traded down 11% today after a secondary offering and a quarterly loss
Hapag aims for record year SOARING freight rates, cost reductions and a selective sales strategy have put German box line Hapag-Lloyd on track for a record result this year, it was announced today
Paragon profits plunge PARAGON Shipping has reported a sharp fall in quarterly profits but has locked in blanket timecharter protection for 2011
West of England joins 5% club WEST OF England is the latest P&I Club to announce that it will increase premiums by 5% at its February renewals
Stealth mulls sell-off Top boss at Greek gas owner says five vessels may hit the auction block as it fights for victory in tumultuous tanker market.
Viken Shipping seals LPG sale Diversified Norwegian owner left with two gas carriers as Kinna changes hands for $3.2m, brokers say.
Blaze bashes Carnival forecast New York-listed owner says backlash from crippled cruiser, Carnival Splendor, could lead to cuts in fourth quarter earnings.
Tidewater faces PSV fight US owner must wait on the outcome of auction for two Trico platform supply vessels it was set to buy.
StealthGas sours in the third Seasonal slowdown and soft spot market strike Harry Vafias-led gas owner in the third as profit plummets by 86%.
DFDS pens two at P+S Werften Danish ferry owner books a pair of ro-ros at German yard on the back of expanded defence contracts.
Navios Acquisition raises stakes New York-listed tanker owner throws another half-a-million shares on the table as it pins price on $41m foray.
Bulker attacked off Kenya MUR-owned African Eagle evades capture by pirates in armed attack off Mombasa port.
Long view pays off for Navios Greek bulker owner banks more profit in nine-month period as term charters boost margins.
Norden in supramax sale Dane said to have fetched up to $37m for Nord Brave which it only recently purchased as an option.
Scorpio looks for larger scoop Emanuele Lauro-led tanker owner looks for $57.5m from shareholders with Lolli-Ghetti family member chipping in $5m.
Black Pearl reaches west coast France's CMA CGM extends liner run into Ecuador, Peru, Chile and Panama.
Transatlantic finance chief quits Swedish ro-ro owner looking for new CFO as Ola Helgesson takes on similar role at Stena Line.
Stamatis Molaris linked to capesize Greek owner said to have paid $63.5m for a newbuilding nearing completion in South Korea.
Shots fired at Exmar tanker Exchange of gunfire between pirates and security team sees Belgian's managed tanker Valerie escape in Gulf of Aden.
Senegal to reopen Joola inquiry Government bows to pressure from victims of ferry disaster by pledging new probe into tragedy.
Norden drops forecast on dry woe Carsten Mortensen-led owner expects to make less this year as bulkers bite but profit up in third quarter.
Vyborg yard goes into reverse Russian plant racks up nine-month loss as revenue declines.
Maersk joining jack-up rush Danish giant ready to order up to three more rigs over the next 18 months, CEO says.
Axe finally falls at Hyundai Mipo South Korean yard reveals its first newbuilding cancellations since financial crisis as three tankers bite the dust.
Crew safe after ship sinks at Suez Egyptian-managed Maryam goes down in Port Tawfiq after loading bitumen barrels.
Italy's Premuda powers ahead Rosina family-controlled owner pockets more profit as daily tanker and bulker earnings grow.
Roubles pour in at Krasnoye Russian shipbuilder ups production and reaps higher profit in first nine months.
Hamworthy grabs Golar gas contract UK company to supply regasification system for Norwegian owner's Indonesian FSRU.
Cuba back in cruiseship business Spanish-operated vessel's trip to Havana marks end of three-year tourist drought.
Reval close to tanker order Estonian shipbuilder hoping to land $10.8m deal from Turkmenistan's state owner.
Hapag back in the black Albert Ballin Holding, German liner outfit's parent company, returns to profit on back of global recovery.
Spot exposure hits Scorpio US-listed tanker owner halves third quarter losses due to weak rates as fleet starts to take shape.
Trailer Bridge refinancing US owner looking to rework $82m debt as it posts miniscule profit in third quarter on lower utilisation.
Hanjin Heavy seals Delphis eight Korean shipbuilder confirms Belgian owner's order for 3,800-teu boxships.
Guard shoots boy at shipyard Man arrested after wounding 13-year-old spotted swimming near Ravago Shipyard in Manila Bay.
BC Ferries eyes Estonian newbuild Canadian owner runs the rule over new vessel being built for Saaremaa Shipping in Norway.
Transocean picks up rig World's largest drilling company joins the jack-up party picking up newbuilding at SembCorp.
Euroseas sinks to a loss Aristides Pittas-led boxship and bulker player hit by drop in revenues and FFA contract losses.
LA box volumes slow down After six months of double-digit increases, throughput growth at largest port in Americas slows to just 5%.
Swedish warship leaves piracy infested waters The Swedish warship HMS Carlskrona has now formally ended its engagement in the EU Operation Atalanta after seven months of counter-piracy activities in the Gulf of Aden and the
Nuclear powered tanker concept design A research consortium with British, Greek and American industry interests have agreed to investigate marine applications of small modular nuclear reactors (SMRs). The research project aims to produce concept design
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