CSX lays off 166 management staff and furloughs 193 conductors as part of cost-cutting measures amid financial pressures, reports FreightWaves.

China cuts tariffs on EU pork imports worth over $2 billion, following an anti-dumping investigation linked to EU duties on Chinese electric vehicles.

Ryanair to reduce one million seats and 20 routes in Belgium for winter 2026/2027 due to increased aviation taxes, risking local jobs.

Greenert details cuts to Navyshipbuildingif budget battle continueswtkr.comGreenert details cuts to Navyshipbuildingif budget battle continues. Posted on: 6:12 pm, September 18, 2013, by Laurie Simmons, updated on: 05:57am, September 19, 2013. Chief of Naval Operations Adm. Jonathan Greenert testified before the House ...and more »

The cuts signal the end of more than 500 years of shipbuilding in Portsmouth on England's south coast, with the company consolidating operations at the Govan and Scotstoun yards in Glasgow, Scotland. The company, which has been reviewing its shipbuilding operations for more than a year, said that after consultation with Britain's Ministry of Defence (MoD) it had decided that Glasgow would be the ...

KOREA's Hanjin Shipping narrowed its net loss by 37.8 per cent to US$386 million in 2014 on the back of much improved operating earnings.

THE International Monetary Fund (IMF) reduced its global economic growth expectations to 3.3 per cent from its 3.5 April prediction to take into account of a US first quarter contraction.

CHINA plans to lower tariffs on US$75 billion worth of American-made goods, in a move widely-seen to be keeping up its end of a trade pact with the United States

Greenert details cuts to Navyshipbuildingif budget battle continueswtkr.comGreenert details cuts to Navyshipbuildingif budget battle continues. Posted on: 6:12 pm, September 18, 2013, by Laurie Simmons, updated on: 09:42am, September 19, 2013. Chief of Naval Operations Adm. Jonathan Greenert testified before the House ...and more »

VIRGINIA BEACH—Chief of Naval Operations Adm. Jonathan W. Greenert described a tough road ahead for military shipbuilding Wednesday at a luncheon with business leaders and shipyard executives from across Hampton Roads.

The Maritime ExecutiveHSH Nordbank cuts badshiploans through deal with NaviosReutersThe deal, unveiled on Monday, may provide a blueprint for the financing ofshipsthat are insolvent and a way for the Hamburg-based lender to cut its 9 billion euro (

Global Maritime News & Shipping Industry Updates

Defence cuts delay $8 billion warships projectThe AustralianAWDshipbuildershave welcomed the move, however, with Forgacs in Newcastle saying the new timeframe for the project would extend the employment of its workforce of 1200 people. The Australian understands that a newly revisedshipbuildingschedule...Defence Force begins work on $8 billion air warfare destroyersNEWS.com.auall 4 news articles »

CHINA's National Development and Reform Commission (NDRC) has announced decision to lower customs inspection and quarantine charges for imports and exports

TAIWANESE carrier Yang Ming slashed first quarter year-on-year losses 67 per cent to US$22 million, a result drawn on quarterly revenues of

Global Maritime News & Shipping Industry Updates

IngallsShipbuildingcuts steel for its 29th DDG 51Marine LogSEPTEMBER 13, 2012— Huntington Ingalls Industries (NYSE:HII) this week started fabrication on the U.S. Navy's next Aegis guided missile destroyer, John Finn (DDG 113). The ship will be built at the company's IngallsShipbuildingdivision and will be...

THE International Air Transport Association (IATA) has halved its annual forecast for air cargo traffic growth to two per cent - down from 3

FRENCH shipping giant CMA CGM has announced an up to two-day improvement in shipping between Asia and Mogadishu, Somalia

HONG KONG's Orient Overseas Container Line (OOCL) has announced the suspension of the China East Coast Express 2 (CEC2) from Week 45 as part of its winter programme.

HAWAII's Matson line, a leading American carrier in the Pacific, has launched a US-flagged service between Honolulu and the Republic of the Marshall Islands, reducing cargo transit times by as many as eight days, reports the American Journal of Transportation

DUBAI's Emirates Shipping Line has toned down its scarifying war risk surcharge, reports Singapore maritime news portal Splash

Telegraph.co.ukBAE Systems cuts jobs and ends PortsmouthshipbuildingFox BusinessThe cuts signal the end of more than 500 years ofshipbuildingin Portsmouth on England's south coast, with the company consolidating operations at the Govan and Scotstoun yards in Glasgow, Scotland. The company, which has been reviewing its ...Shipbuildingto stop at Portsmouth but jobs could be saved if Scotland votes...Telegraph.co.ukBritish defense giant BAE systems to cut 1775 jobs, stopshipbuildingat...RTBAE to Stop Building Ships at Historic British SiteNew York TimesThe Guardian -BBC News -Los Angeles Timesall 390 news articles »

Daily PressShipyard says defense cuts shouldn't alter hiring plansDaily PressNewport NewsShipbuildingexecutives say defense spending cuts being considered in Washington are not likely to slow their plans to hire more than 2500 workers this year. Huntington Ingalls Industries, Inc. CEO Mike Petters announced last June that the...and more »