DHL Global gets postal service licence DHL Global Mail - the International Mail division of Deutsche Post DHL - announced yesterday that it has been granted the Postal Services Operator (PSO) licence from the Infocomm Development Authority of Singapore (IDA).
Mitsui OSK says hiving off container unit possible Mitsui OSK Lines Ltd, Japan's second-biggest shipping line in terms of sales, says spinning off its container shipping division is one option to turn around the loss-making business.
Leisure Cargo to manage all cargo business for Air Europa Air Europa, the second-largest carrier in Spain, has signed a total cargo management services agreement with Germany's D'sseldorf-based air cargo sales and marketing specialist Lei...
Dachser establishes own company in Brazil The joint venture partners Dachser and Logimasters are reorganising their business in Brazil and thus terminated their joint venture in March. The German logistics provider Dachser...
Agility acquires Trafinsa in Mexico Global logistics provider Agility has acquired its long-standing partner in Mexico, Trafinsa SA de CV, as well as its US affiliate Trafinsa International. Trafinsa is headquartered...
NYK Logistics wins Nissan UK contract Nissan Motor Manufacturing (UK) has signed a contract with NYK Logistics to provide inbound logistics services at its factory in Sunderland (England). NYK Logistics will support th...
Ceva restructures in South America and opens facility in Brazil Logistics and supply chain specialist Ceva Logistics has implemented a new operating structure in South America, and will now run two large independent business units there - Brazi...
Clark Equipment new Gottwald representative for Australasia Gottwald Port Technology has strengthened its global sales and service network with the appointment of the Sydney-based enterprise Clark Equipment Australia as its sales and servic...
New Bremerhaven car terminal services The shipping company Van Uden, with its own ro-ro ships "Maximahaven", "Julianahaven" and additional charter tonnage, recently relocated a ro-ro service from Hamburg to Bremerhaven...
Franco-Italian maritime trade to be boosted Two projects for the development of transport and logistics in the Italian province of Livorno are now under way. They are financed by the Franco-Italian 'Marittimo' programme for ...
Port of Long Beach investing in reducing air pollution The port of Long Beach has approved its Middle Harbor Redevelopment Program, in keeping with its commitment to sustainable growth and environmental stewardship. It includes USD 15 ...
Ant Logistics investing despite the crisis Ant Logistics, which specialises in finished vehicle logistics, is proceeding with investment plans, even though the automotive industry is very depressed at the moment. The compan...
Cheap iron ore to China the key to dry bulk rates IMPORTS could hit 530m tonnes if price stays low, says expert.
Derivatives crash hits capesize spot rates
Step up anti-piracy fight, urges BIMCO BIMCO calls for greater urgency and stronger action from the international community to stamp out piracy in the Gulf of Aden.
Spot rates drive down box lines' Pacific contract terms APL warns transpacific carriers are faced with unsustainable annual contracts.
Violence flares at Spain's yards CLASHES pitted police against more than 1,500 shipyard and metal workers today in Spain, with 20 injuries reported
Teekay unveils huge quarter loss TEEKAY Corp lost $660.8M in the final quarter of last year ' which it is just reporting today, a full quarter behind the schedule of its competitors
Kroes outlines Uljanik selloff EC COMPETITION head Neelie Kroes has called for Croatia's Uljanik yard to be sold, under a plan in which 57% of the proceeds will go to an investor and 25% to yard workers
Chinalco works on Oz ties CHINALCO chairman Xiong Weiping is in Australia today to promote the company's proposed $19.5Bn investment in Rio Tinto
CMA CGM's Asia/Europe rise CMA CGM has adopted a new rate restoration policy on services between Asia and Europe because it sees signs that box volumes are recovering, the French liner company said today
Jamaica seeks post-collision options JAMAICAN energy minister James Robertson said the country does not face a fuel crisis despite damage from the Petrojam refinery pier being struck by the tanker Great News
Slovenian evades Indian navy stops pirate attack on Splosna Plovba-operated handymax bulker Postojna.
Tug hijacked Singapore-registered tug and barge attacked in growing piracy hotspot off southern Malaysia.
Petrobras bags rig Brazilian oil and gas player to contract Odfjell Drilling newbuilding semi-submersible and has options for drillship duo.
Teekay tanks Bjorn Moller-led shipping giant sent to $660.8m three month loss by write downs and derivatives losses.
Port bags $154m Hamburg Sud-backed company building new Itapoa container port in Brazil garners BRL 300m through notes issue.
Scorpion to sell Norwegian offshore owner to sell rig to repay new $52m loan from John Fredriksen's Seadrill and Christen Sveaas.
Tanker hits pier Products tanker Great News spells bad news for Jamaica's Petrojam Refinery after crash with pier.
Costly trio depart Three Varun anchor handlers heading for Africa after miserable few months in the North Sea, but brokers view of the market is brightening.
Shore line blamed Chronos Shipping says its asphalt carrier was not directly involved in a spill in US waters.
Price pressure Sical Logistics continues to court buyers for the Sical Torino after collapse of $27m TMM deal but it has lowered its sights, brokers say.
Blackstone fights Private equity firm is seeking to prevent US Shipping Partners' efforts to protect its stake in Nassco newbuildings during bankruptcy proceedings.
S&P soars Bulker spending reaches post crash high in May as China dethrones Greece as leading buyer.
Jinhui sells again Three-year-old panamax fetches $39m for Hong Kong owner which sold a supramax on Tuesday.
Back in business Korea's Daewoo Shipbuilding wins first order in nine months ' a barge for Heerema Marine.
Going solo? MOL could spin-off loss making container division to better fight economic downturn, exec says.
400 face axe Norwegian cruise and ferry owner Hurtigruten could double proposed lay-offs to cut costs.
Sri Lanka loss Multipurpose owner Mercantile Shipping's annual result turns red in slump as it cuts workforce.
Dawn to dock Carnival ship carrying nearly 3,000 gets go ahead to call at Sydney after negative swine flu results.
Sale buoys EMS Shares in Annette Malm Justad-led firm on the rise following sale of duty free unit.
Fiji finish South Pacific owner Saliabasaga Shipping lays off workers and wants out of unprofitable government contract.
BP plugs in Long Beach claims tanker cold ironing first as Alaska Navigator plugs into shore-based power.
PTP gets a third French liner group CMA CGM becomes only the third operator to sign up to use Malaysian container terminal.
Hoegh expands Norwegian vehicle carrier operator set to enter trade between Middle East, India and Africa.
APL ups again Neptune Orient Line's liner arm announces second round of rate rises on Asia-Europe trade.
Removal begins Operation to remove the last vestiges of the former Zodiac boxship MSC Napoli has begun.
Arrested pirates to Kenya The seven pirates detained by the Swedish corvette HMS Malm' will be flown to Kenya for prosecution, based on the EU-Kenyan agreement from 6th March 2009. With this sixth
BW Gas and Farstad take government to court The shipping companies BW Gas and Farstad Shipping have sued the Norwegian state because the Norwegian government in 2007 decided to claim back taxes in connection with the new tonnage
LRIT Centre in operation The EU's LRIT Data Centre (Long Range Identification and Tracking) has now started operating and the year-and-a-half preparatory phase by EMSA and its main contractor Collecte Localisation
Odense delivers the first of six ro-ros Odense Steel Shipyard has delivered the first of six ro-ros for the British investment company Epic Shipping in London. The vessel, hull no. 217, is sailing under the name
First power cable across the Great Belt In a few weeks' time, theDanish underwater contractor JD-Contractor and its veteran cable layer barge the Henry P Lading will lay the first ever power cable across the Great
Marine fuel supplier accused of 'price gouging' Alaska city officials considering opening second fuel dock.
European bunker prices falling But crude oil prices up by $2.36 in early trading on the NYMEX.
Chemoil outlines plans for India Supplier wants to begin operations in Chennai this year and in Mumbai in 2010.
Asian bunker prices softening Demand remains 'extremely weak'.
Eco Global Solutions opens headquarters Company making 'environmentally friendly' lubricants and fuel supplements chooses California.
Japanese shipping line warns of further losses Rising bunker prices likely to push annual results further into deficit.
Singapore residual fuel stocks rebound Weak refining margins cause middle distillate inventories to fall.
BP suezmax world's first tanker to cold-iron Crude carrier calls at Port of Long Beach and plugs into new shore-side electrical outlet for discharging operations.
Hin Leong to expand Universal Terminal in Singapore Oil trader also looking to invest in oil storage in southern China.
HKMEx fuel oil contracts still facing delays Fuel oil 'not necessarily' included in energy contracts to be launched next year.
OPEC output up in May Compliance with quota limits appears to be weakening as member states 'take advantage' of higher prices.
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