Deutsche Post ready to make job cuts at DHL in US Deutsche Post AG is poised to announce thousands of job cuts at its DHL Express operations in the United States, possibly as early as yesterday, a person familiar with the decision told AP.
20% of bulk carriers idle as rates plunge At least 20 per cent of the vessels most commonly hired to haul coal and ore are sitting empty as steelmakers cut output and dwindling trade credit halts deliveries, Lorentzen & Stemoco A/S shipbroker Kjetil Sjuve said.
Scrapping up as old ship prices plunge Ship scrapping accelerated in India, Bangladesh and Pakistan after a plunge in the price of obsolete carriers attracted buyers, the largest cash purchaser said.
US box outlook dims again US BOX ports are doing even worse than previously thought, according to the latest monthly Port Tracker survey
Horizon to slash staff HORIZON Lines will cut 10% of its non-union workforce in the face of 'a very difficult environment'
Slowdown hits Oz iron exports A SHARP slowdown in demand from Chinese steel customers will lead to a 10% drop in Rio Tinto's forecast iron ore shipments from the Pilbara region of Western Australia
Shipping stocks up on Beijing move ASIAN SHIPPING stocks surged this morning after China announced it would pump nearly $600Bn into its stuttering economy
NOL's box volume drops NEPTUNE Orient Lines has reported its first drop in volume in nearly three years because of the frigid global economic climate
HSH Norbank CEO resigns HSH NORDBANK's CEO Hans Berger has stepped down from his post amid mounting write-downs related to the financial crisis
Somali pirates widen target zone SOMALI pirates attacked a reefer vessel in two armed speedboats 210 n-miles off the eastern African coast today but failed to hijack it
Lowest peak box traffic in US since 2004 Containerized imports continued to weaken at major US gateway ports as retailers struggle with downturn in economy
Clipper vessel taken by Somali pirates The Clipper owned CEC Future was last Friday seized by Somali pirates while sailing in the recommended corridor along the coast of Yemen, on a voyage bound for Batan in Indonesia. A group of pirates took control of the ship ...
Offshore projects more expensive than calculated The present Norwegian offshore projects will exceed their budgets with NOK 95 billion in total, according to a survey by the Norwegian Ministry of Petroleum and Energy. At the moment there are 23 oil- and gas projects under construction on ...
CGGVeritas bids for Wavefield The geophysical company CGGVeritas has made an offer for 100 per cent of the shares of the Norwegian company Wavefield Inseis ASA which operates a fleet of eight vessels and develops geophysical equipment based on fiber optic technology. In the ...
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