Japanese supertanker crash probe triggers attack fears A Japanese supertanker collided with something, possibly a submarine or mine, UAE port officials inspecting the ship said yesterday. The damage triggered fears of an attack in the sensitive Strait of Hormuz oil shipping route.
Emirates: 101 Boeing jets on order The Dubai (UAE)-based international airline Emirates is continuing to expand. On the opening day of the recent Farnborough international air show in England, the airline announced ...
Port of Bilbao: 34% cargo growth to June The port of Bilbao (Spain) reported that its interim throughput reached 15.5 million t, a very similar figure to last year's H1 volume. The amount of dry cargo grew by an outstandi...
Agility launches new Melbourne-Tasmania shipping service Agility, a leading global logistics provider, is to commence an Australian domestic shipping service between Melbourne, Victoria and Bell Bay (Tasmania) in early August. The servic...
CMA CGM takes delivery of CMA CGM "Amerigo Vespucci" The French shipping group CMA CGM recently took delivery of the 13,830 teu CMA CGM "Amerigo Vespucci", built by the South Korean Daewoo Shipbuilding and Marine Engin...
Gruber Logistics opens new office at Hanover airport The Italian forwarding and logistics company Gruber Logistics has always been active in the overland, maritime and airfreight sector. As a response to the steadily increasing volum...
Ryder System with higher revenue and profits Ryder System, a US'based transportation, logistics and supply chain management solutions provider, recently reported its Q2/2010 figures. Ryder's total revenue for the three-month ...
DHL chosen as logistics partner for Australia's largest desalination plant DHL Global Forwarding, Deutsche Post's air and sea freight specialist, has become the logistics partner of a new EUR 2.4 billion desalination plant to be built on the southern coas...
Inquiry begins on VLCC puzzle A TEAM of 10 investigators ' aided by US and UK specialists ' is today trying to resolve the mystery over how a Mitsui OSK Lines VLCC was damaged earlier this week in the Strait of Hormuz
Summer lull hits box ship rates PERIOD rates for box charter vessels are stagnating and in some cases drifting lower as the summer lull drags on
Louisiana well keeps spewing CREWS OFF Louisiana were still trying this morning to cap a wellhead spewing oil and gas into a remote area
Azov-Don racks up 75% rise RUSSIA'S Azov-Don Shipping transported 2.38M tonnes of cargo during the first half of 2010, an increase of 75% on that period of 2009
Danaos forced to follow-on BOX SHIP lessor Danaos disclosed new details of its debt restructuring today, including a mandated $200M follow-on share offering
Smaller bulkers to outclass Capes CAPESIZES will be outperformed by smaller classes through at least 2011, JP Morgan analyst Jonathan Chappell has predicted in a research note
GE Shipping income jumps INDIA'S GE Shipping today posted an 11% year-on-year rise in consolidated net profits for the quarter ending 30 June
A&B bags Matson boost Matson Navigation logs 18% jump in revenue as US-listed parent sees second-quarter profits soar.
Exmar embedded in red Belgian owner falls short in the second as docking days balloon and gas market deflates.
Grupo TMM targets twenty-five Mexican shipowner springs from the shadows with plot for vessel feeding frenzy.
MOL: 'Freak wave unlikely' Japanese owner refuses to rule out pirate or terrorist attack on VLCC M. Star in Strait of Hormuz.
Globus ready to split to US George Karageorgiou-led bulker owner passes reverse stock split and looks set for New York listing.
Seasonal slump stings ACL Michael Ryan-led tug and barge titan tumbles in the second as cargo volumes keep crumbling.
ISC unveils Oslo bulker buy International Shipholding Corp boss Niels Johnsen sheds light on joint venture strategy on the heels of second-quarter profit report.
Nomadic slides to annual loss Norwegian dry cargoship owner posts deficit for 2009, but says 2010 is already looking better.
Seafox snares Singapore jack-up Isle of Man owner forms joint venture with KeppelFELS to build Seafox 5.
CSAV plots capital injection Chilean container line resurrects plan to boost finances by $400m to fund newbuildings.
NYK rides liner recovery Liner trades main driver as Japanese shipowner returns to the black in the first quarter of FY2010.
Hornbeck Offshore eyeing $200m US-listed offshore vessel owner posts healthy second-quarter profit rise and targets high full-year sum.
Seismic shift for PGS in first half Norwegian survey vessel specialist slips to six-month loss due to vessel upgrades and repositioning.
Chernomorsky bags Damen deal Ukrainian shipbuilder to construct another feedership hull for Dutch yard group.
Banks call time on Hyundai loans HMM parent will have to find cash to repay creditors as they refuse to roll over borrowings.
Costs hurt Kirby in second Joe Pyne-led tank barge owner sees profit drop as diesel engine sales drop while shipping demand returns.
Aban Offshore posts Q1 loss Indian rig company endures tough first quarter, but wins payout for Aban Pearl sinking off Venezuela.
Slow start for Japan's Iino Japanese tanker and bulker owner sees first quarter profit drop, but says annual figure will still beat last year's.
Great Eastern finds a way to profit Indian owner's first quarter earnings rise on lower costs despite crude and products tanker rates falling.
Princess cruiseship kills whale Corpse of humpback stuck on bow of Princess Sapphire as it headed to Juneau, Alaska.
K Line returns to profit Japan's third largest shipowner returns to the black in the first quarter with liner shipping leading the way.
African windfall for Acergy Nasdaq-listed offshore player bags $1.3bn to build and install a deepwater facility off West Africa.
Numbers up and down at Sasebo Japanese shipbuilder sees first-quarter revenues slashed but still posts large profit gain.
Pirates free Turkish ship Frigia Malta-flagged bulker Frigia released after over four months in captivity off Somalia as $4m ransom paid.
Forecasts raised in Japan MOL and K Line are both looking forward to better-than-expected full-year sums as trade rebounds.
Gulf spill hits GulfMark Impairment charge from Gulf of Mexico oil spill fallout pushes US offshore operator into the red.
Genmar sinks to Q2 loss Peter Georgiopoulos tanker operation hit by higher voyage expenses, lower rates and net interest expenses.
Austal seals Saudi deal Australian fast ferry specialist builds on Middle East support work with new five-year contract.
Rand set to re-engine US shipowner plans to convert self-unloading bulker from steam to a diesel propulsion plant.
DRYS eyes drilling delight DryShips posts profits and George Economou says drill rig demand could double as energy giants digest deepwater disasters.
Major steps taken by US Senator to protect the Arctic Provisions put forward by Mark Begich to prevent oil spills, enhance vessel monitoring and encourage citizen participation gains US Senate approval.
Prices mixed across the board Slow demand in Hamburg, players report.
Fujairah bunker market gently firming NYMEX showing gains in early trading.
Bunker costs push tanker company into the red General Maritime Corp reports larger-then-expected second-quarter losses.
New physical supplier in Ukrainian port Global Bunkering deploys two 1,500 dwt barges at Kerch.
Office move for UK-based bunker broker New premises close to London for Hallmarkfuels International.
Brightoil acquires fuel logistics player Group says it will have a new base in east China for its bunker operations.
Hambantota: 'First Phase' almost complete Bunker facilities will be available, says Government official.
Singapore onshore fuel oil stocks at two week high Volumes for August at lowest levels since May.
IFO prices see little movement in Asian hub 'Thin demand' in Singapore.
BP hires two more fuel oil traders Expected to join Singapore-based Asia cargo trading team in three months.
MAN fuel saving retrofit solution gains 'huge' interest Flexible turbocharger cut-out solution targeting slow steaming operations save 5% fuel.
Hong Kong bunker players warn of cargo delays Supplies scheduled for end July will arrive around August 3-4 instead, says local trader.
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