Safmarine voted friendliest line in Pakistan Pakistan's Friendly Line award was recently presented to Safmarine Pakistan at Pakistan international freight forwarders association (Piffa)'s inaugural excellence 2012 awards even...
Goodman selects commercial director Europe Property manager and developer Goodman Europe has chosen Kristof Verstraeten to be its commercial director for Continental Europe. Verstraeten has shouldered responsibility for the...
Gotthard railway line reopened Trains are once again able to use the Gotthard railway line in Switzerland after a rock fall closed the Erstfeld-Göschenen section about four weeks ago. This highly important trans...
FAA proposes civil penalty against Martinaire Aviation The USA's Federal Aviation Administration (FAA) wants to inflict a USD 206,550 civil penalty against Martinaire Aviation, a scheduled air cargo and cargo charter company, for viol...
Chep Aerospace Solutions awarded maintenance contract by United Airlines Chep Aerospace Solutions has been appointed by United Airlines, the world's largest airline, measured in terms of traffic, and founding member of the Star Alliance network, to main...
Hermes Hansecontrol: managing director switches to advisory board Eckhardt Fechtner has resigned from the management of the Hermes Hansecontrol Group and transferred to the advisory board of the international test institute. Fechtner, who came fr...
BLG: supervisory board names new CEO The supervisory board of the German service provider Bremer Lagerhaus-Gesellschaft - Aktiengesellschaft von 1877 (BLG) recently appointed Frank Dreeke as the new CEO of the BLG Log...
USA and Sierra Leone negotiate initial open skies agreement On 26 June, delegations representing the USA and Sierra Leone initialled the text of a US-Sierra Leone open skies agreement. Applied on the basis of comity and reciprocity pending ...
Durvenbeck boosts vehicle fleet to 1,000 HGVs The Duvenbeck group of companies, based in Bocholt (Germany), has boosted its vehicle fleet to 1,000 units. 600 of the new trucks came from Daimler. The Mercedes Actros, a truck th...
Scania collaborates with DuPont on first thermoplastic oil pan module An oil sump moulded from DuPont Zytel nylon resin, is helping the Swedish commercial vehicle manufacturer Scania meet new challenges with regard to noise, emissions and weight. The...
Australia's first national rail safety investigator Australia's minister for infrastructure and transport has introduced legislation into the parliament to make rail travel safer for all Australians. The transport safety investigati...
Agility to provide logistics support to Gorgon Project and extends existing contract Agility, a leading global logistics provider, announced a new scope of work to support the Gorgon natural gas project in Western Australia. The work, estimated to be worth AUD 232 ...
Commerzbank pull-out to hit ship refinancing Bank's exit from ship finance is likely to affect customers seeking to roll over existing loans
Expect the unexpected Nothing is certain in the energy industry - not even for the LNG boom
Will Greeks' fresh approach to LNG shipping pay off? Industry observers disagree over how the flood of orders for liquefied natural gas carriers may work out
World trade heads south Economists hail emerging Asia-Latin America trade corridor
Korean Register defends involvement with NITC EXCLUSIVE: Class society concerned that ship safety will be compromised by political sanctions
VLCC spot market suffers as oil buyers wait for crude price to fall Chartering slowdown pushes Middle East-Asia earnings to eight-month low
KG crisis claims new casualty Merkur Sky fund secured too little capital from Commerzbank consortium
German government and ship lenders review Commerzbank fall-out Talks seek sound financing models to secure the industry's future
Is insurance a help or a hindrance? Some may question the validity of equating an insurer's stance on the flooding of a home to its willingness to provide cover which could ultimately go into the hands of pirates
Ten-ship order to boost Stena's chemical tanker market presence Tonnage will support biofuel joint venture
Lauritzen buys offshore support vessels Investment through HitecVision joint venture taps robust oil and gas project demand
Swings in bunker prices reflect volatile crude oil market Prices correct themselves after 25% dip from April peak
Cruise safety body to publish independent emergency guidance Skagerrak Foundation expresses concern over issues raised during the Costa Concordia inquiry
K&R insurance cushions the impact of piracy, says Hiscox Armed guards marketed like 'maritime Viagra' but a political solution matters most
US domestic oil spells trouble for tankers Sunoco revamp heralds new, bearish era for crude tankers
Boxship charter market index posts year's largest weekly fall ConTex index has been falling for the last month as summer leaves demand becalmed
Capesize bulkers agree loss-making index-linked voyage contracts Charterers impose their will on shipowners as market fundamentals weaken
Cowan rejoins Moore Stephens Former group chief financial officer of V.Group and chairman of V.Ships Capital returns to his first employer to be head of corporate finance
Korea Eximbank raises lending to shipyards and carriers Policy bank provides another $880m in loans amid industry woes
Bahri signs $120m deal to complete Hyundai Mipo order Public Investment Fund of Saudi Arabia bankrolls two general cargo ships
Dockwise secures its hold over Fairstar Buyer applies to Rotterdam court to hold extraordinary shareholders' meeting
Long Beach offers incentive for cleaner calling Cap on dockage fees offered for large ships
Yangzijiang gets $150m loan from CDB Credit is backed by shares owned by chairman Ren Yuanlin
Rongsheng under pressure to complete buyout of Quanchai Group Institutional investors urge China's largest private yard to act as regulatory deadline looms
Berlian Laju Tanker gets a three-month reprieve from creditors Embattled tanker owner vows to fight on with restructuring process amid mounting pressure
Liability proposals to aid German wind schemes SHIPPING and installation activity for offshore wind projects in Germany could accelerate quickly under proposals to limit the liability of grid operators
Lauritzen, HitecVision form JV J LAURITZEN of Denmark today formed a 50/50 venture with HitecVision, the Norwegian oil and gas private equity investor
UAE bypass nearly finished THE UAE's Habshan-Fujairah pipeline is within a month of providing an oil bypass of the Strait of Hormuz, IHS World Markets Energy reported today
Dockwise urges Fairstar EGM HEAVY-lift specialist Dockwise has applied to a Dutch court for authority to convene an extraordinary meeting of shareholders of rival Fairstar Heavy Transport
Shipping invests in Somalia SHIPOWNERS are investing in economic development in Somalia, according to US think thank One Earth Foundation
India clears surplus wheat for export DELHI has approved the export of 2M tonnes of wheat on bulkers to clear warehouse space for new crops
Concordia refloat plans outlined ITALIAN shipbuilder Fincantieri said today it will try to refloat Costa Concordia using watertight caisson boxes
Ship sinks in Philippines A GENERAL cargo vessel has sunk off in the central Philippines, the Philippine Coast Guard told Fairplay today
Court gives BLT more time INDONESIA'S chemical shipping group PT Berlian Laju Tanker said today it has secured another three months' protection from creditors from a Singapore court
Prospects fail to lift MMHE ratings TWO ORDER prospects for Malaysia Marine & Heavy Engineering might not be enough to pull the group out of its 'underperform' rating, CIMB analyst Norziana Mohd Inon said
Judge Bars ILWU From Slowdowns at Portland A U.S. District Court judge on Tuesday issued a temporary restraining order prohibiting the International Longshore and Warehouse Union from...
ISS announces Europe and North Africa team Inchcape Shipping Services (ISS) decision to restructure its organisation and replace a system based on eight regional offices spanning the northern and southern ...
ILA and USMX make 'substantial progress' in contract talks After a fiery start to US East Coast contract negotiations, some positive news has emerged. International Longshoremen Association's (ILA) president Harold Daggett ...
SAECS slows down its ships The Southern Africa Europe Container Service (SAECS), which is maintained by DAL - Deutsche Afrika Linien, Maersk Line, Mitsui OSK Lines and Safmarine, has decided ...
LB port launches incentives to boost marketshare The US West Coast port of Long Beach (LB) is trying to ramp up the use of rail as well as encourage larger, cleaner ships to dock at its facilities via two incentive ...
Drewry ambivalent on ocean carrier profitability in 2012
US recovery 'remains tepid' That is according to the annual report from the International Monetary Fund [IMF], which also warned that America risked falling off the so-called 'fiscal cliff' ...
UK shippers get on their marks for the Olympics With four million extra visitors expected in London for the Olympic Games starting on July 27 and lasting until to August 12 - and with the Paralympics commencing ...
COA looks for refrigerant contamination solutions The latest meeting of the Container Owners' Association, which took place in early June, in Seoul, had as one of its main discussion sessions a debate on the use ...
Tripoli port to retender terminal concession The Lebanese port of Tripoli's plan to find managing operators for its second container terminal, which is currently under construction, will have to be retendered.While ...
Maersk and MSC join forces again in Mediterranean Maersk Line/Seago have switched from using their own vessels between Alexandria (Egypt), Ashdod (Israel) and Novorossiyk (Russia) to chartering space on MSC's Black ...
Densa cape for George Densa Shipping has found work for its latest capesize newbuilding with George Economou's Classic Maritime, brokers say.
DP World banks $138m
Samudera sells bulker
Pallas picks Akdeniz
Chemical tanker coup Swedish partners Stena Bulk and Concordia Maritime have confirmed a ten-tanker newbuilding splash in China, including options.
Yangzijiang shifts yard
Top trump for boxship boys Stocks in Asian container lines enjoyed a strong day as investors were encouraged by a positive top-line profit projection from Drewry.
Ship adrift off India
UTSC at record high
Private equity first for Lauritzen J Lauritzen has turned to private equity for the first time and teamed up with Norwegian heavyweight HitecVision.
Buyers circle P+S
Limarko sells another
Dockwise in legal press Dockwise's heated battle for control of rival Fairstar has entered the courts.
Universal kills IPO Mehmet Karamehmet's efforts to float a tanker company on the Oslo Stock Exchange have failed, it was confirmed this morning.
Trai Thien at 100%
Ingosstrakh pays out
Cargoship sinks off Cebu
BLT gets more time Berlian Laju Tanker (BLT) has won another three months breathing space from creditors the company confirmed Wednesday.
Atlantic goes to Kleven Atlantic Offshore has ordered two platform supply vessels worth nearly NOK700m ($117m) at Kleven Maritime.
Jakarta eyes cruise hub Indonesia is reportedly looking to build an international cruise ship terminal in the capital city of Jakarta.
US port offers incentives The US Port of Long Beach is to offer incentives to encourage larger, cleaner ships to call at the port.
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