DHL to cut jobs, use UPS services for North America Seeking to end years of losses at its struggling express delivery business in the US, Deutsche Post, the German mail and logistics group, said on Wednesday that it would cut at least 1,500 jobs in North America and hire its rival, United Parcel Service, for air-cargo services.
UPS expects US$1b a year from DHL deal United Parcel Service Inc (UPS), the world's largest package delivery company, said that it expects as much as US$1 billion a year in new revenue as it takes over US air shipments for Deutsche Post AG's unprofitable DHL unit.
Nations agree to protect Arctic environment after summit The five nations that ring the Arctic Ocean affirmed on Wednesday their willingness to cooperate to protect its environment, at the end of a day-long ministerial summit in Greenland.
DP World reports strong 1Q INTERNATIONAL ports and terminals operator DP World reported a strong first quarter for this year and "excellent" results for 2007 at its AGM in Dubai today
Agri-workers plot total seize-up ALL CATTLE deliveries for meat processing were halted today as the third phase in Argentina's largest agribusiness strike entered its second day
Golar LNG marks ships for conversion GOLAR LNG has earmarked a fourth ship for conversion into a floating storage and regasification unit
Gulfmark snaps up US rival GULFMARK Marine has snapped up competitor Rigdon Marine in a cash and stock deal that further consolidates the US offshore industry
Attica axes Rosyth-Zeebrugge run GREEK operator Attica is ending the Rosyth (Scotland)-Zeebrugge (Belgium) ro-pax ferry service, served by Superfast Ferries, in mid-September, blaming high fuel costs and low passenger numbers.
FMC's Creel says EC review of consortia, VSAs bears watching in United States Federal Maritime Commissioner says the way the European Commission looks at carrier alliances should be closely watched.
House panel criticizes TWIC helpdesk issues
Two employees leave Horizon Lines in wake of Justice probe
DP World hopes to get into U.S. terminals business
Weyerhaeuser exploring sale of ocean shipping unit
ILA's Campbell to lead New Orleans port board
FMC to meet June 4
Aker Philadelphia Shipyard gets new chief executive
Pacer expands Southern California warehouse operations
Safe Bulkers hits market Hajioannou family's US listing hits the New York Stock Exchange and slips by 2% after pricing at $19.
Accounting hurt Navios shares Cantor Fitzgerald analyst says results were discouraging but outlook is still bright.
Navios sells early US-listed bulker owner secures early sale of a capesize bulker already set to leave fleet.
Tidewater pays up US offshore vessel owner boosts dividend by 67% to $0.25 in its first increase in 12 years.
Navios wades in deeper US-listed bulker owner doubles the size of its South American logistics fleet with $72m in purchases.
Binary Star shines Akis Tsirigakis-led bulker owner says it has bagged nearly $100m from warrant conversions since it absorbed Star Maritime in November.
Westwood for sale US-listed Weyerhaeuser considering "strategic alternatives" for four-ship bulker operation.
Colombo yard up 22% Sri Lankan shipbuilder and repairer sees first-quarter net profit rise on soaring sales.
Navios revenue up Angeliki Frangou-led bulker owner sees revenue surge, but slipping profits miss Wall Street forecasts.
Petrobras pushed abroad Brazilian shipyards' bulging orderbooks will force energy giant overseas for first 12 drillships.
NCSP up in first Port of Novorossiysk in Russia pushes up quarterly profits as cargo volumes grow.
Lasco happy Latvian products tanker player sees first quarter operating profit rise in tough market
STX's whopper Korean shipbuilder claims to have designed a 22,000-teu containership. No, that's not a misprint.
Another 'no' to LNG Long Beach in California is latest to deny a terminal for imported 'clean' gas.
HHI digs deep Korean shipyard spending $329m on factory to build excavators and other construction gear.
Cargoship aground Papua New Guinea officials checking for pollution after Consort Express vessel hits reef.
Crew blacking threat Blacklisting fear for seafarers refusing to unload cargo in Scotland in wages dispute.
Majestic sale begins US cruiseship group Ambassadors International puts operations on the block.
Sell to survive? Hurtigruten considers offloading fast ferry unit and 1990s built cruise ships after first quarter profits slump.
More for Mipo Order boom continues for Korean yard as it books deals for two chemical tankers and two con-ros.
Swap pain for Golar Oslo-listed LNG carrier company has been pushed to a first quarter loss by financial hits.
Rosyth route axed Greek operator Attica closes ro-ro service from Scottish port to Zeebrugge.
APM upgrades Apapa Maersk terminal outfit is doubling handling capacity at Nigerian port with more gantry cranes.
GulfMark buys rival Futher consolidation in offshore sector as US offshore vessel operator is set to acquire smaller rival.
Chao signs up owners Noble and U Ming emerge as cornerstone investors as Wah Kwong launches Hong Kong IPO.
Horizon suspends six US container line sends staff on "administrative leave" over Puerto Rico price fixing probe.
Global's profits vanish Malaysian tanker owner sees a decline in first quarter performance on lower fleet utilisation and rates.
Wärtsilä to streamline the handling of spare parts Wärtsilä has launced a EUR 70 million investment to centralise its warehousing and logistics of spare parts. A new distribution centre will be built in the Netherlands near the company's current service unit. The intention is to outsource logistics and ...
US oil inventories fall against predictions But markets ignore bullish report to post big one-day fall.
Explosion at major Russian fuel oil producer Officials say fuel output at plant near St. Petersburg will not be affected after deadly blast.
Global bunker market report
Rotterdam market quiet
Chemoil opens office in Greece New location providing 'synergies', company saying.
Singapore: Residual fuel stocks continue to fall Fuel oil inventories dip on increased demand for marine fuels.
New trader for Dan-Bunkering Additional staff for Middelfart office.
Indian refiner offers 180 cst cargo for June loading Offer made amid background of surging bunker prices and slow Chinese demand, traders say.
Reduction of emissions in shipping 'manageable' Industry expert says it is vital that the shipping sector addresses climate change.
Maersk repeats backing for slow steaming Cutting speed lowers CO2 emissions and reduces bunker consumption.
Bunker industry heading to 'all distillate world' SustainableShipping Forum told that ship operators face higher costs at a time when income streams 'may well be drying up'.
IOC's marine sales up 12% But Indian refiner posted a net loss of $96.86 million in the quarter ended March 2008.
SMP sees no short-term alternative to carbon-based fuels Head of Shell Marine Products calls for 'aggressive fuel savings measures'.
Liners wary of new bunkering procedures Any regulations that bring delays would be the 'last straw', says liner operations manager.
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