FedEx Q1 profit to beat forecast as fuel costs fall FedEx Corp, the largest air-parcel shipper, said it will report a profit of US$1.23 a share for the quarter ended Aug 31, beating its forecast as fuel costs fell. The stock rose as much as 8.5 per cent after regular trading.
Decoupling makes global economy stronger: Zedillo A DECOUPLING of the developing and developed economies and new ways of looking at supply chains and outsourcing were the key messages from distinguished speakers like former Mexican president Ernesto Zedillo and 2001 economics Nobel laureate Michael Spence at the DHL Leadership Dialogue yesterday.
DHL to pay US$260m for worker severance Express cargo carrier DHL, a unit of Deutsche Post, said on Tuesday that it will pay US$260 million in severance and benefits for employees affected by a restructuring of its loss-making US operations.
Korean steelmaker to shut plant for expansion
Strait Talk
Striking back at pirates IT is only two weeks since this column commented on the dangerous surge of hijackings by pirates in the Gulf of Aden, but I make no apologies for returning to the subject. The situation, already intolerable, has deteriorated since then.
FedEx Q1 profit to beat forecast as fuel costs fall FedEx Corp, the largest air-parcel shipper, said it will report a profit of US$1.23 a share for the quarter ended Aug 31, beating its forecast as fuel costs fell. The stock rose as much as 8.5 per cent after regular trading.
Decoupling makes global economy stronger: Zedillo A DECOUPLING of the developing and developed economies and new ways of looking at supply chains and outsourcing were the key messages from distinguished speakers like former Mexican president Ernesto Zedillo and 2001 economics Nobel laureate Michael Spence at the DHL Leadership Dialogue yesterday.
DHL to pay US$260m for worker severance Express cargo carrier DHL, a unit of Deutsche Post, said on Tuesday that it will pay US$260 million in severance and benefits for employees affected by a restructuring of its loss-making US operations.
Korean steelmaker to shut plant for expansion
Strait Talk
Striking back at pirates IT is only two weeks since this column commented on the dangerous surge of hijackings by pirates in the Gulf of Aden, but I make no apologies for returning to the subject. The situation, already intolerable, has deteriorated since then.
Experts warn African hijackings will continue POLITICAL risk consultants are warning of the likelihood of further attacks on shipping in Nigerian and Somali waters.
Tug and supply vessel attacked in Nigeria
Green issues top owners' lists for new vessels HYPOVEREINSBANK maritime survey shows 94% of owners believe hull and engine effiency are key to reducing fuel costs.
Dry bulk 'crisis' will hit freight rates in 2015 CHINA'S steel consumption will be the key factor to hit future rates, not the glut of newbuildings to be delivered in 2010.
US targets Iran Shipping The US is imposing sanctions against Islamic Republic of Iran Shipping Lines (IRISL) and 18 affiliated companies for allegedly smuggling 'proliferation' materials to Iran's defence ministry
Man hurt in Singapore yard blast A SHIPYARD worker was reported in stable condition today after being blasted overboard by an explosion on the deck of a barge during welding work in Singapore
Russia plans $500M port in Far East MECHEL, the Russian steel and mining group, announced today plans a coal export port worth nearly $500M at Vanino in the Russian Far East, on the Tartar Strait leading to the Sea of Japan
Sinking captain's death confirmed FORENSIC authorities in the Philippines have confirmed that a ro-pax's captain was among more than 800 people killed in its sinking
29 smuggler victims found THE BODIES of 29 people killed at sea have washed up on the shores of Yemen
Mate's catnap costs £16,400 THE FIRST mate was snug and sound asleep when the general cargo carrier Sunna grounded off the coast of the Orkney island of Swona on 10 January 2007, a court hearing heard
No injunction against clean-trucks plan Truckers will appeal judge's decision not to block concession requirements in the LA-Long Beach trucks programs.
Ports urged to postpone clean-trucks start-up
Bush names Connaughton to head FMC
House passes border ban on Mexican trucks
Fuel aids FedEx outlook
Crowley appoints counsel
Container forecast revised for weak finish to 2008
South Korean shipyards have 50 per cent of all newbuilding orders South Korean shipyards have secured 50.6 per cent of all newbuilding orders in the first half of 2007, reports AFP. In total the orders reach 12.4 million GT. In 2007 South Korean shipyards secured 38,9 per cent of ...
Maersk Supply sells AHTS to Norway Maersk Supply Service A/S has sold its first vessel after becoming an independent owner within the A. P. Møller-Mærsk Group. The Isle of Man-flagged anchor handling vessel Maersk Mahone, built in 1983, is bought by the Norwegian ...
Clipper buys more in Eitzen Chemicals The Danish Clipper Group has purchased more shares in the public listed Eitzen Chemical (listed on the Oslo Stock Exchange). Clipper gave notice to the Oslo Stock Exchange that the company now owns 43,896,600 shares, equal to 25.55 per ...
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