Make S'pore a maritime knowledge hub: adviser EVEN though the maritime cluster has overtaken all other sectors in terms of annual turnover, value-added and number of workers, it is still an obscure fact that needs to be highlighted.
Sabine Waterway may open today The US Coast Guard said the Sabine Neches Waterway, the Texas ship channel serving four refineries that process about 6.5 per cent of US capacity, may open to limited vessel traffic today after a collision and oil spill shut the passage on Jan 23.
Asian shipping firms face challenging year Asian shipping firms face 'significant' challenges this year due to weakened earnings and limited access to capital, international ratings agency Fitch said yesterday.
Grimaldi reinforces presence in Sicily The Naples (Italy)-based Grimaldi Group is reinforcing its presence in the Western Mediterranean by launching maritime connections for freight between the ports of Catania, Genoa, ...
Panalpina opens office in Murmansk The Basel (Switzerland)-based service provider Panalpina is opening an office in the Russian city of Murmansk, located close to the country's borders with Norway and Finland. The c...
PT FPS Indonesia opens for business in Tangerang PT FPS Indonesia, a member of the international forwarding and logistics network - Famous Pacific Shipping (FPS Group) - has opened a new branch office at Tangerang to consolidate ...
Barloworld Logistics strengthens partnership with Hexomatrixx Barloworld Logistics Middle East & Asia, new owners and operators of Dubai-based Swift Freight, recently signed a memorandum of agreement with Hexomatrixx, reinforcing the comp...
GT Nexus logistics platform sets new USD 10 billion milestone GT Nexus, based in Hamburg (Germany), recently reported a new milestone. Despite the global economic crisis, the amount of ocean and air transportation spending managed by the GT N...
CKYH introduces slow steaming on Asia-Europe/Mediterranean services The CKYH alliance has implemented slow steaming on the eastbound leg of its current Asia-Europe/Mediterranean service loops. The measure is expected to increase eco-friendliness by...
Prince Rupert: cargo volumes hit twelve-year high in 2009 The Canadian port of Prince Rupert sailed safely through the receding global economic storm in 2009, and recorded its highest volume throughput since 1997. The port handled 12,173,...
Truckers threaten to cripple Chicago airports 2,000 truck drivers who are members of the International Brotherhood of Teamsters union will vote whether to take industrial action next week. The outcome could cripple import...
Bad weather led to aircraft crashes in Beirut and Mashhad A Tupolev 154M operated by Taban Air crashed landed at its home base in Mashhad (Iran) on 24 January. Fortunately all 170 passengers could be saved. Following the incident, Taban A...
Russian Railways transported 11% less in 2009 Russian Railways (RZD) recently released its freight figures recently for 2009. The tonnages hauled fell by 15% year on year to 1,108,200,000 t. RZD stated that the decre...
Charging trucks for pollution will benefit the economy A new report has shown that EU plans to charge road vehicles for the damage they do to the environment would have a positive effect on the economy. The researchers conclude that th...
Germany's aviation industry employers establish trade association The German association of air transport employers (Deutsche Arbeitgeberverband Luftverkehr/AGVL), based in Frankfurt, started its work at the beginning of the year. The AGVL r...
EC reportedly contests Hapag aid GERMAN box line Hapag-Lloyd is reportedly facing new hurdles today on its €1.2Bn ($1.69Bn) government loan guarantee
Behind the LNG rate rise UNUSUAL LNG trade patterns and new production coming onstream helped lift freight rates towards the end of last year, according to LNG analyst Andrew Buckland
Guards urged for Haiti ships SHIPS delivering aid to Haiti should install guards at access point to address increased security risks, according to the US Coast Guard
APM axing Liverpool jobs DENMARK'S APM is laying off staff at its UK operation in Liverpool, it told Fairplay today
Iceland, UK companies raided ICELANDIC fraud investigators have raided businesses in the UK and Iceland, as part of investigations into Icelandic tycoons Lydur and Agust Gudmundsson, IHS Global Insight reported today
Texas spill pilots under scrutiny TEXAS pilot regulators have announced an investigation into last Saturday's oil spill at Port Arthur
Pemex plunge continues YEAR-END results of Mexican oil giant Pemex reveal that production has fallen to its lowest level since 1990
Waterway opens Limited traffic allowed on Sabine-Neches Waterway after Eagle Otome oil spill off Texas.
TK offer closes Vancouver-based tanker owner closes book on $450m notes offering and buys back $151m in older notes.
Off by 155 Dahlman Rose analyst says just 200 capesize bulkers, rather than 355, should enter the market this year.
Batista's big plan Brazilian billionaire's OGX says it needs 19 FPSOs and 29 platforms, to be chartered from a sister company.
Star sale Nasdaq-listed owner Star Bulk sells capesize bulker in $22m deal, brokers say.
Win for Modec Japanese outfit and Schahin to charter FPSO to Brazil's Petrobras for 15 years in $3bn deal.
$15m for Princess Ultrapetrol combination carrier is said to have fetched $15m in sale to Chinese interests.
Headed for loss Rig and offshore vessel owner Hercules Offshore expects to report an operating loss of as much as $48m as doubts about Angola Drilling charter surface.
Seventh heaven Herbjorn Hansson-headed Nordic American Tankers collects $137m from its latest trip to the capital market.
Navios bags more Angeliki Frangou's Navios Maritime Partners posts 25% rise in fourth quarter profit.
Ferry tangle Isle of Man ship delayed after rope and chain became caught in propeller.
Songa seeks cash Oslo-listed drillship owner lines up $200m notes issue to pay back debt.
SCI orders two Sabyasachi Hajara-led Shipping Corp of India takes tanker newbuilding pair at China's Jingling Shipyard.
Samsung ahead Korean shipbuilder ends year with fourth quarter profit up 19% as revenue rises.
Box boost Container rates out of China up by a quarter over past three months bringing further hope carriers will soon return to the black.
Golden oldie Hsu Chih Chien-led Courage Marine picks up veteran capesize bulker from Greece's Dalex Shipping.
Navios tops up Navios Maritime Partners grabs extra $24m to pay for three bulkers ' including one now in pirate hands.
C20 closing in Singaporean group firms up details of $125m Swissco takeover.
Loksa axes Estonian shipyard sold by Maersk in 2009 lays off all 525 production staff as orders dry up.
Dover seeks sale UK port asks to be privatised to fund major redevelopment with price tag of up to $565m.
Fleet kick-start China's Exim Bank hands loan to Montenegro which eyes 35,000-dwt newbuildings to begin fleet.
Otto to issue Lee Kok Wah-led offshore player set to raise SGD95m from private placement largely to fund expansion.
China slides Potential boost for tanker market as China's annual crude production falls for the first time.
Shell reigns UK oil major remains top dog in clean charters as spot fixtures grow 16% from a year ago.
Bluewater sells Dutch offshore contractor agrees to sell 55% stake in Jotun A FPSO to US oil major ExxonMobil.
First China bulker to Lauritzen Bulkers Lauritzen Bulkers A/S, a subsidiary of J. Lauritzen in Copenhagen, has taken delivery of the Signe Bulker, which is the first unit in a series from Jiangmen Nanyang Ship
Gothenburg goods volumes down in 2009 The Port of Gothenburg reports lower freight volumes in 2009, compared to 2008. However, a recovery was noted during the second half of the year. Around 504,000 ro-ro units
Bunker prices stable across Europe Little movement in European bunker markets.
Ship emissions could be included in EU ETS Report for European Commission concludes cap-and-trade scheme would be 'best policy instrument' for reducing maritime CO2 emissions.
Mid-week prices mixed in Fujairah, Durban Middle East hub sees IFO prices moving within narrow range.
Mixed signals from US inventory report Sharp drop in crude imports and stocks, bearish demand and product figures.
New Russian refinery to produce fuel oil High fuel oil output during first phase of operation.
New role for former IBIA chairman Joining WWF Norway as conservation officer and senior advisor.
Iran seeks higher premium for fuel oil exports Chinese interest in Iranian product 'is waning' as more cargoes become available from Russia's Far East.
Andatee shares slip in first day's trading Chinese player says market supplying bunkers to small vessels 'is characterised by intense competition and uneven product and service quality.'
Singapore prices show little movement Markets across the region report weak demand.
Tuapse attracts Russian energy giant Gazpromneft expands Black Sea operations.
Singapore court postpones PTC on corruption case
China unveils new rules to fight marine pollution New regulations from March 1 will impact ships entering its ports.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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