The Icelandic Coastguard yesterday faced a stiff challenge when a large cargo ship lost its rudder off the country’s southeast coast and narrowly avoided washing up on the shore. Read the full story

Iceland’s biggest road and maritime freight handling company has signed a contract for two brand new container ships — just three years after nearly collapsing under the weight of debt. Read the full story

A lorry in Iceland yesterday spilled around 23 tonnes of fish onto the Route 1 highway because of a road traffic accident. Read the full story

Finland’s transport minister was joined by the Finnish hauliers’ lobby in rejecting a proposal by the Russian Federal Customs Service that wants to move the majority of regional container shipping off the road and onto trains and ships. The unanimous response was that such a shift would result in utter chaos. Read the full story

The Port of Hafnarfjordur is among the largest seaport facilities in Iceland; and as global shipping stretches further and further north and the search for oil has finally made it to Icelandic waters, Hafnarfjordur is only gaining importance with time. Read the full story

Norway’s largest shipping line Hurtigruten has been struggling to stay afloat in recent weeks as the global financial crisis has been trying to sink it. The company had recently put two of its huge ships in dry dock due to the economic difficulties, but now the Norwegian government has come to its rescue with a NOK 125 million bailout in extra funding. Read the full story