Hyundai Heavy reports better-than-expected profit Hyundai Heavy Industries, the world's largest shipbuilder, boosted third-quarter profit by a more-than-estimated 62 per cent as it built more offshore platforms and power plants.
Distillates demand to spike on pollution curbs New pollution curbs on marine fuel set to kick in over the next decade could result in a 50 per cent spike in global distillates demand by 2030, said the global head of ExxonMobil's marine fuel division yesterday.
China Cosco in the black on shipping rebound China Cosco Holdings, Asia's largest shipping firm, reversed year-ago losses to post a quarterly profit as global trade regained momentum and the company lifted container shipping rates.
Horizon Lines orders 12,500 containers The US shipping company Horizon Lines, which is launching a new liner service named the Five Star Express in December, has ordered 12,500 new containers. The new weekly sailing, de...
Bayernhafen group seeking to improve links to northern Italy The regions around Bologna and Verona, important centres of economic activity in Italy, offer great potential for intermodal connections with southern Germany, according to members...
APM Terminals Rotterdam serves 89% of trucks on time APM Terminals Rotterdam has shifted its focus from average service levels to a defined maximum acceptable service time for trucks, as recent market research has revealed that truck...
Norbert Dentressangle opens two terminals in Portugal The French logistics group Norbert Dentressangle is expanding in Portugal by phasinged in two new logistics platforms in Lisbon and Porto. The one in Forte da Casa in greater Lisbo...
Project Professionals Group now has 101 members The Project Professionals Group, a heavylift freight forwarding network, has passed the 100 member milestone thanks to the acquisition of new international members. PPG general man...
Itella acquires full ownership of Norwegian JV Finland's state-owned Itella Corporation, an international service business with core expertise in the field of information and product flow management, has agreed with Norway Post...
Anthony Harris new senior VP for Ceva in the Americas Ceva Logistics, one of the world's leading supply chain companies, has appointed Anthony Harris as senior account management vice-president for the Americas. He will report to Matt...
Crew dies when cargo aircraft crashes in Congo A Let 410 plane (registration reportedly 9Q-CUA), which was operated by the EU-blacklisted company Tracep, was damaged last week beyond repair in an accident near Bugulumisa (D.R. ...
Pirates riddle U-Ming VLCC PIRATES have fired shots at a VLCC west of India, while a products tanker has been attacked while in a convoy in the Gulf of Aden
Mass strike hits French ports CARGO handling is at a standstill at leading French ports today after workers joined a national protest over changes to pensions, a day after the parliament adopted the new laws
HHI profits rise 62% SOUTH Korea's Hyundai HI has posted a 62% year-on-year rise in net income to 863.4Bn won ($768M) for the third quarter
Mercator revenues surge INDIA'S Mercator Lines today reported a 60% year-on-year jump in consolidated total income to 6.66Bn rupees ($152M) for the July-September quarter
China COSCO recovers CHINA COSCO Holdings today reported profits of 2.1Bn yuan ($314M) for the third quarter, compared with losses of 710M yuan a year earlier
Essar Shipping to raise capacity ESSAR Shipping, Ports & Logistics said today it plans to ramp up capacity
SeaCube IPO pricing flops CONTAINER equipment lessor SeaCube has been forced to accept a huge discount to push through its IPO
Nobu Su wins empty futures victory Supreme court finds for TMT in major FFA dispute days after an out of court deal is done with Petros Papas' Oceanbulk group.
Exmar ahead in gas game LNG carrier earnings boost Euronext-listed owner's bottom line as Q3 profit inches ahead on the heels of Teekay partnership.
Economou or eggplant? Connecticut's shipping elite feast on savoury steaks while digesting George Economou's four-step plan for sealing shipping stardom.
Trico two being laid-up off Leith Owner's financial troubles and a weak spot market lead to PSV pair being tied up off Scotland.
Mercator reverses loss in Q2 Indian tanker owner sees depreciation fall in second quarter as earnings rise.
TEN's timing under the microscope JP Morgan questions why tanker owner is issuing stock with its share price under pressure.
Big rebound for China Cosco Containership and bulker giant makes massive return to profit, but falls short of analysts' forecasts.
ACL logs third quarter victory Michael Ryan-led tug and barge giant back in black as volumes and pricing help boost the bottom line.
D'Amico looking for recovery Italian products tanker owner hoping for improved market before year end as third quarter brings loss.
U-Ming VLCC in pirate attack U-Ming and Hellespont tankers fired on in piracy incidents while Maersk boxship also has a scare.
Essar posts 385% profit rise But Indian ports and tanker owner's second quarter earnings still low compared to revenue.
ISC looking to shed the red Niels Johnsen's International Shipholding Corp stung by impairment charges but future looks bright as it hunts for "accretive opportunities".
Pac Basin plans newbuildings Marginal price difference makes new orders more attractive than second-hand buys, Hong Kong-listed owner says.
Drunk STX PO master jailed Seong Ug Sin gets 14 days for boozing on bulker STX Daisy off US in April.
Erria exiting boxship sector Danish owner sells one containership and puts other up for sale as it focuses on tankers.
12 missing after bulker sinks One crewman confirmed dead as bulker Jian Fu Star capsizes off Taiwan, but another 12 men rescued (two pictured above).
Seaspan splits Wall Street views Cantor Fitzgerald downgrades boxship owner but Lazard Capital predicts spending spree.
Flagging out keeps NITC in business Iranian tanker owner likely to escape tightened European Union sanctions under double concession.
Transatlantic turns black at last Christen Sveaas controlled shipowner reports first profit in two years thanks to a shot in the arm from its offshore division.
Pac Basin pegs slippage rate One third of dry-cargo newbuilding capacity set for delivery in opening nine months of 2010 has not arrived, owner says.
Petrobras storage score for OSG Morten Arntzen-led owner said to have landed a six-month storage contract with Petrobras for one of the largest tankers afloat.
HMM eyes terminal sale Korean diversified shipowner looking to raise over $170m from the sale of stake in Busan outfit.
Solstad newbuild strikes gold Oslo-listed owner pens a potential six-year deal for the Normand Pacific with Veolia.
Fesco ship held in leak probe Russian general cargoship detained in Spain after patrol plane spots oil slick in Bay of Biscay.
Cars forced to back off ferry BC Ferries vessel has to reverse in at Duke Point after front loading door failure.
Turku workers take a break No work at STX's Finnish yard until construction starts next summer on Viking Line newbuilding.
Arpeni wins bankruptcy fight Indonesian owner has Korean creditor's bankruptcy request rejected by court.
Kirby runs low in third Increased fuel prices and lower spot rates send Joe Pyne-led tank barge operator to reduced profit.
Azuma back in black Japanese cement carrier owner puts red figures behind it to post profit in first half.
Offshore orders lift HHI profit Korean builder battles decreased shipbuilding activity to post profit increase on offshore work.
Sohmen-Pao still worried BW Group chief executive believes the shipping industry has not seen the end of the financial crisis.
Costs hurt Siem Offshore Profits at Kristian Siem offshore vessel operator hit by higher operating costs and lower forex gains.
Tanjung ties up tonnage Malaysian offshore operator secures work for tug and utility vessel for three years with local outfit.
Sealink seals order pair Malaysian shipbuilder set to deliver offshore support vessel duo in the fourth quarter of this year.
Pirates strike off Indonesia Singapore-flagged tug targeted by large group of armed robbers east of Selat Berhala, says ReCAAP.
German authorities on board Lisco Gloria The Lisco Gloria is now safely moored at the Lind' Terminal in Odense and is currently being surveyed by German authorities, as the fire started while the ro-pax carrier
Solstad confirms Veolia charter deal The Norwegian offshore operator Solstad Offshore has signed a three-year charter agreement with Veolia ES Special Services Inc for the Normand Pacific, which will be delivered later this year
Floatel to be listed on Oslo Stock Exchange The offshore operator Floatel International has applied for listing on the Oslo Stock Exchange, with estimated entry at the end of November. The company is looking to raise USD 50
EU gets strategic helicopter fuel depot The EU has signed an agreement with the Seychelles Petroleum Company on the establishment of F44 helicopter fuel delivery facilities in Victoria, Seychelles. The depot is at the disposal of
Prices lack direction in Rotterdam, Hamburg Prices soften in South Europe.
Maxcom supplying in Morocco Deliveries are by road tank wagon.
Bunker market mixed in key ports No IFO products in Durban.
Shell sells Swedish refinery and marine business New owners due to take over operations from December 1 this year.
Russian supplier 'prepared for double-hull' regulations Gazpromneft Marine Bunker to buy two MARPOL compliant bunker tankers.
Keith Forget joins DNV Petroleum Services panel of experts 'Marine fuel management has become much more complex', says new Senior Technical Consultant.
Global distillates demand to surge 50% by 2030 Industry players urged to 'begin preparations now' in anticipation of increased demand once 0.50% sulphur cap takes effect globally.
Fos-Lavera: Bunker operations go ahead but strike still has impact One supplier unable to deliver by barge but still delivering by truck.
Barge operator hit by rising bunker costs Kirby Corporation sees dip in Q3 results.
Mixed directions for bunker prices Average demand at key Asian bunkering ports.
Maersk mulls low sulphur switch in Singapore Focus to ensure 'right steps' are taken to identify Asian ports where switch can be made.
Oil spill response cooperative adds new full members Maersk Oil upgrades its role.
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