PSA to sell 10-year US dollar bonds? PSA International Pte, the ports operator owned by Singapore's Temasek Holdings Pte, plans to sell 10-year fixed-rate bonds denominated in US dollars, according to a person familiar with the transaction.
Maersk on the prowl after raising US$1.58b Danish shipping and oil group AP Moller-Maersk is set to buy up distressed assets after raising US$1.58 billion in a share sale, shipping paper Lloyd's List said yesterday.
Singamas posts first-half loss Singamas Container Holdings Ltd, the world's second-biggest maker of sea-cargo boxes, posted a second straight loss as slumping world trade damped demand.
GPLN celebrates 5th birthday The Global Project Logistics Network (GPLN), a network of independent international project logistics specialists and charterers, has turned five. "Our group has many a milestone t...
Seven Seas new Worldwide Project Consortium member The Seven Seas Shipping Co, located in Amman (Jordan), has been appointed as the exclusive member of the Worldwide Project Consortium (WWPC) for Jordan and Iraq with immediate effe...
Agility moving Stuttgart office Agility, a leading global logistics service provider, is moving its Stuttgart office to Korntal-Münchingen, 10 km northwest of the city, in 2010, in order to gain more working area...
AA Cargo unveils express temperature-controlled service American Airlines Cargo has launched an express temperature-controlled service called ExpediteTC, following a successful trial on ten international routes. Customers can make booki...
Two senior executives quit Bmi Two senior executives have left Bmi just weeks after Lufthansa took control as majority stakeholder. Bmi Mainline's managing director Peter Spencer and commercial director Martyn B...
SkyEurope Airlines terminates operations After battling steadily waning passenger numbers and a critical lack of cash for most of the past year, SkyEurope Airlines, the operating unit of Vienna-listed SkyEurope Holding, c...
Airline industry makes USD 6 billion H1 loss The International Air Transport Association has reported that the airline industry lost more than USD 6 billion in the first half of the year. There are signs that passenger number...
Lan Cargo affiliate offers Miami-Maringa link Lan Cargo's Brazilian cargo affiliate Aerolinheas Brasileiras SA (ABSA) began operating between Miami FL (USA) and Brazil's southern city of Maringa in mid-August. One bi-weekly Bo...
AirBaltic launches Riga-Pskov flights Latvia's national airline airBaltic launched nonstop flights from Riga to the Russian city of Pskov on 1 September. A Fokker 50 is deployed on the twice-weekly service (Tuesdays an...
CKYH alliance rationalises service Due to stagnating demand, the CKYH alliance (Coscon, K Line, Yang Ming and Hanjin Shipping), is reducing capacities on its Asia-North Europe/Mediterranean service by around 20% in ...
GNV to launch new Sete-Morocco ro-pax service GNV Grandi Navi Veloci will start a new ro-pax trade from Sete to Morocco in autumn. GNV, which recently improved its Genoa-Barcelona-Tangier line, reckons that sea transportation ...
Damaged "MSC Nikita" to be unloaded in Rotterdam The "MSC Nikita" arrived at the EMO dry bulk terminal at the Maasvlakte in the port of Rotterdam recently. Because of damage the ship has suffered the vessel's 18 m draught is too ...
Eurika's owner fined for spill A FRENCH court today fined Balnautic Shipping, owner of the general cargo ship Eurika, for spilling oil in July 2008 off a protected Mediterranean island
84 migrants rescued off dinghy MALTESE rescuers have picked up 84 migrants crammed into a 10m rubber dinghy that was taking on water
Shipping will track Greek voting GREECE'S Prime Minister Kostas Karamanlis has called a snap general election, to take place on 4 October
US plans pirate eye in the sky THE PENTAGON plans to deploy unmanned drones in the Seychelles to monitor piracy, the US Navy told Fairplay today
Maersk plans Vietnam/US loop MAERSK Line said today it is starting a service from Vietnam to the US West Coast to exploit the Southeast Asian country's fast-developing export market
Teekay GP's profits rise TEEKAY GP today reported an increase in profits during the second quarter of the year
Box maker bruised in poor half BOX MAKER Singamas reported today a dramatic fall in business during the first half of the year, as the recession hit home
Emission and congestion reductions hinge on intermodal efficiencies Alien analysts landing their spacecraft today on any one of the world's major container terminals would no doubt conclude in their report that harbour facilities are adequate to cope with the earth's supply chain; and with some to spare.
Wadan Yard's German shipyard sold Gazprom board member Igor Yusufov, who is also the Russian President's special representative in energy questions, has bought the German shipyards in Warnem'nde and Wismar from Wadan Yards for EUR Read more
Maersk sells its own shares to raise cash A. P. Moller-Maersk gained DKK 8.26 billion after a surprising sale of 250,340 B shares in the company. Earlier this year, CEO Nils Smedegaard Andersen announced that the Read more
30 DFDS seafarers laid off DFDS Group has laid off 30 seafarers on their Danish flagged vessels in order to cut costs as part of the Lightship programme. The programme's aim is to save around
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