Record losing streak deepens, but signs of recovery mount Shipments of manufactured durable goods declined for the tenth consecutive month in May, deepening what was already the longest streak of decreases on record at the U.S. Census Bureau. But new orders increased for the third time in the last four months, in a sign that the bottom of the econom...
Representatives of 11 nations call for resumption of Doha talks Trade ministers of eleven export-oriented World Trade Organization members called for vigilance against protectionism, and said that other WTO members should conclude the long-delayed Doha Round of multinational talks as soon as possible. "We must re...
Weekly service connects U.S. Northeast with South America Seaboard Marine said it will launch a weekly fixed day sailing from Brooklyn , N.Y. to and from Colombia . Calls in Colombia include the ports at Cartagena , Barranquilla and Santa Marta . The service will connect with service to and from Venezuela , Tri...
Australian logistics giant expects to boost Southeast Asia trade In a move expected to boost its share of Southeast Asia trade, Toll Group agreed to purchase all shares in Perkins Group Holdings, the parent of the Perkins Shipping Group. The conditions for the transaction include competition clearance. Toll is a $4.5 b...
Foreign ministers agree to expand to Seychelles , stay to end of 2010 European Union foreign ministers agreed June 15 to extend an anti-piracy operation off the coast of Somalia until the end of 2010. The ministers, meeting in Luxembourg , also approved an earlier decision to extend the geographical scope of Operation Atla...
On the sidewalks outside the Pierre Hotel , the cigarette smoke rose and so did the anxiety. The people, mostly men in dark suits, were taking smoke breaks from the conference, called Marine Money Week, the annual shipping-business confab in New York sponsored by a maritime trade journal of the same name. The accents were Greek, Norwegian, ...
Star Bulk Carriers Corp. (the "Company" or "Star Bulk") (NASDAQ: SBLK - News ) today announced that its Board of Directors declared a cash dividend of $0.05 per outstanding share of the Company's common stock for the three months ending June 30, 2008. The dividend is payable on or about July 14, 2009 to shareholders of record as of July 7, 2009. The Com...
IMO secretary-general Efthimios Mitropoulos has warned shipping companies not to be tempted to cut corners on safety as the industry feels the financial pinch in the global recession. Addressing the opening session of the IMO's Technical Co-operation Committee, Mr Mitropoulos said: "The unprecedented financial and economic crisis that we inherited since t...
Port of Tallinn is the biggest port authority in Estonia and as far as both cargo and passenger traffic are taken into account, the biggest port on the shores of the Baltic Sea.
Qingdao Saint Voyage Logistics Inc. (SVL) is an Experienced International Shi