Baltic index up a 5th week with 3% gain The Baltic Dry Index, a measure of shipping costs for commodities, posted its fifth weekly gain and first monthly climb since June on demand for ships to haul iron ore to make steel.
Emirates SkyCargo fast tracks F1 cars to Abu Dhabi Excitement in the Middle East is building in the lead-up to the UAE's first F1 Grand Prix ' to be held in Abu Dhabi on 1 November. However, the big day arrived earlier for Emirates...
Aramex breaks ground on new logistics centre in Dubai Logistics City The logistics service provider Aramex recently held a ground-breaking ceremony for its logistics centre in Dubai Logistics City (DLC). The AED 120 million facility, which...
New container capacities in Poti A new multi-purpose container terminal at the port of Poti (Georgia) was recently put into service by the port's owner RAK Investment Authority, based in the UAE. Extensive reconst...
Kenco Logistic Services selects Komatsu Kenco Logistic Services LLC, a third-party logistics provider, has been selected by Komatsu America Corp (KAC), a US subsidiary of Japan-based Komatsu Ltd, as the total solutions p...
JAL to consult with ETIC about restructuring Japan Airlines (JAL) Asia's largest carrier, will table a third restructuring plan in less than three months as it seeks government funds to avert collapse. The carrier has as...
Gefco Czechia receives ISO 9001:2000 certification The certification organisation Bureau Veritas recently awarded the ISO 9001:2000 certificate to Gefco Czechia for its entire logistics and transport activities (overland ...
Rail sector optimises high-speed rail brake system An important step been taken to increase performance and interoperability in the European high-speed rail system by concluding Modbrake, a four-year European project standardising ...
PD Ports: MGT power station another step closer The British port operator PD Ports has received consent from the Marine and Fisheries Agency (MFA) for its QEII berth redevelopment scheme at Teesport (UK). This consent, together ...
GPLN takes on a new commercial director The Global Project Logistics Network (GPLN) has appointed Luzius Haffter as the new commercial director of the GPLN team, with immediate effect. Haffter is a Swiss citize...
Lufthansa Group posts operating profit of EUR 226 million for first nine months of the year The German flag carrier Lufthansa has posted an operating profit of EUR 226 million for the first nine months of 2009. For the first time, this figure also includes the r...
Shifting more freight from the road to the railway The Bavarian state secretary for industry, Katja Hessel, obtained information about logistics solutions in eras of economic change during a visit to the Logistics Competence Centre...
Dusseldorf Airport expands to Indian market Given the large number of business opportunities in India's air cargo industry, Germany's third largest airport Dusseldorf will become a gold sponso...
Scrapping boom slashes prices THE GLOBAL scrapping boom has drastically cut the prices of condemned ships, according to a leading cash buyer
UK releases LNG ship THE LNG carrier Margaret Hill, which was detained in Southampton on suspicion of illegal scrapping, has been released by the UK Environment Agency
Sale bait? Not Delmas CMA CGM told Fairplay today it sees its Delmas subsidiary as a key asset, rather than sale bait
Estonia grants Tallinn credit TALLINN has reportedly been granted credit of up to €50M ($73.7M) over 15 years by Estonia's government
Are we in the midst of a 'W' double-dip recession? Another week, and another batch of miserable third quarter results get posted by the transport industry majors. But don't worry, we are emerging from the recession, things will be better next year - won't they?
CMA CGM rumours continue
NOL 2009 losses hit half a billion
ELAA chief: conference demise contributed to rates freefall
Expansion in mind A&B says it plans to expand its transportation offerings after reporting fall in Matson Navigation profits.
Seadrill rig burns Fire breaks out on jack-up drilling unit owned by John Fredriksen company off north west Australia.
Tropical falls Liner operator Tropical Shipping keeps suffering from falling volumes but cost cutting keeps it in the black.
Spill in San Fran Emirates Trading products tanker connected to 1.6-kilometre spill in San Francisco Bay.
More preferred Navios Maritime Holdings asks shareholders to quintuple authorised preferred share count.
Algeciras oily Fuel oil spill from containership MSC Shenzhen reaches Spanish beaches as city council plans to file charges.
Out for $300m General Maritime plans to issue $70m more than previously expected on bond market.
Rights exercised Micky Arison-led Carnival Corp repurchases debentures after holders of $409m in the debt securities exercise their rights.
PSV ordered Among a raft of vessel transactions, Dean Taylor-led Tidewater places order for a PSV at Quality Shipyards.
'No ransom set' Greek owner of hijacked bulker reportedly due for imminent release denies an agreement has been reached.
Premium sliced Void between single skin VL conversion and scrap deals closing fast, consultant says.
Qinfa inks bulker CSSC Guangzhou to build half-price kamsarmax for compatriot China Qinfa Group.
Deeper red Lazard Capital widens its loss estimates for Teekay for both the third quarter and full year due to dire product tanker market.
Futures fray London court rules on how FFA deals should be 'washed out' following dry cargo market collapse.
CSDC scrapping Li Shaode-led owner books $2m profit following the disposal of a bulk carrier.
Change at Hellenic Fotini Karamanlis joined at top by Elpida Kyriakopoulou as CFO Dimitris Sfakianakis steps down.
Worst in 17 years Evangelos Marinakis' Capital Product Partners sees profit drop as tanker markets suffer.
It's quotes time DryShips is cancelling...eventually and Harry Vafias could get dragged into an FFA fight.
Less for Essar Indian owner Essar keeps its nose in the black during the second quarter but its profit is a long way short of last year.
More ships axed? Lloyd Fonds could be axing another eight newbuildings as it warns of large loss on 'exceptional effects'.
Selling again Clarkson research guru Martin Stopford pockets nearly $70,000 from the sale of shares in the shipbroker.
New5 in Numb3rs Greek investor Dionysis Slamaris runs out on FIG before any vessels have been bought, while Clarkson's has some good news for owners on the newbuilding front.
Profit in pipeline Japan's Mitsubishi Heavy pledges to post positive figures this year despite loss making first half.
Seadrill CFO quits Trond Brandsrud leaves John Fredriksen-controlled offshore player to clock on at Norwegian giant Aker.
Safe Bulkers fixes Polys Hajioannou-led bulk operation ties up recently delivered panamax for up to 14 months.
GE weaker Stronger offshore performance not enough to buoy India's Great Eastern which dives in second quarter.
EMS in reverse Oslo-listed shipmanager and supplier sees market value tumble following third quarter loss.
We can wait Khalid Hashim-led Precious Shipping says it is in no hurry to replace the 25 ships it is scrapping.
FOE profit down Norway's Fred Olsen Energy looking forward to firmer market but third quarter weak.
Azuma bites bullet Japanese bulker owner gives up on notions of annual profit after reporting first-half loss.
Mercator cut Analysts only see downside to India owner's stock after it reports sizeable decline in second quarter profits.
Oasis on her way On Friday morning at 7.00 am the tugs Hurtig Triton and Ukko started to pull the 360 metres long Oasis of the Seas out from the outfitting pier at
Hapag-Lloyd cuts pay The crisis stricken liner company Hapag-Lloyd has announced pay cuts across the organisation ashore and at sea. Board members will see their remunerations cut by 20 per cent, managing
New Maersk Line direct service Poland'Far East Maersk Line will be the first international operator that includes a Baltic port in a direct service to the Far East. As from January 6, Gdansk will be the turnaround
Coaster owner and operator files for bankruptcy The Danish coaster owner and operator C J Helt & Co, Svendborg, has filed for bankruptcy and closed its business. The bankruptcy comes after serious problems in the present market for
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