Empty ships flock to Subic Bay to await charters Subic Bay in the Philippines is the busiest it's been since the US Navy moved out 16 years ago. The traffic surge is coming from ships all carrying the same cargo - nothing.
Maersk beats forecasts but expects 2009 profit to dive AP Moller- Maersk yesterday reported a higher-than-expected 2008 net profit but forecast significantly lower results this year, pushing its shares down.
BLG's automobile logistics division renews certification The BLG Logistics Group, based in Bremen (Germany), has renewed the certification of its automobile division after the standard three years. DIN EN ISO 9001:2008 sta...
UPS SCS gives up Innight business in Germany UPS SCS GmbH & Co OHG, the German subsidiary of the US parcel service provider UPS, is terminating its Innight business in Germany at the end of March. This was confirmed by direct...
Austrian Post CEO to step down for health reasons Anton Wais, CEO of the Austrian state-controlled mail operator Oesterreichische Post, will step down at the end of March due to health problems, the company recently announced. Chi...
Zim's CEO hands over helm Doron Goder, CEO of the Israeli shipping company Zim Lines, has quit. A statement from Zim's parent company, the Ofer family controlled Israel Corp, said Goder resigned because of ...
APM predicts sharp profits fall APM FILLED in financial details today explaining why the group has been forced recently to raise box rates: the Danish shipping giant said its 2009 profits will be 'significantly' below those of 2008
Exxon unveils production push ENERGY giant Exxon Mobil revealed today that it will invest $25-$30Bn per year in new oil and gas investments over the next half-decade
Singapore plunge sparks alarm SHRINKING port volume is sparking alarm today in export-dependent Singapore
Union sues over Croatian taxes CROATIAN seafarers' union chief Pedrag Brazzoduro told Fairplay today that it is "very confident" of success in its lawsuit challenging government tax changes for his members
Marseilles yard seeks bankruptcy BOLUDA'S repair shipyard, Union Naval Marseilles, today filed for bankruptcy protection, telling a court in southern France that it could not meet financial obligations
Port halt to be appealed A COURT order suspending work on a new port at Granadilla, Tenerife, will be appealed, the port authority pledged today
Mærsk holds the fort in 2008 A. P. Møller-Mærsk's profit in 2008 was at almost the same level as 2007, despite the changes in the group and high oil prices. Turnover was USD 61.2 Read more
Russian shipping line to Göteborg Commencing on March 10, the Port of Göteborg will have a new link to Russia. The Russian shipping company Delta Shipping Lines, specialising in transport from the continental ports of Read more
Fredriksen wants to save Golden Ocean John Fredriksen's Hemen Holdings, the largest shareholder in Golden Ocean, has offered to buy 2/3 of the outstanding bonds in a USD 200 million bond issue. The offer is Read more
Important design contract for Deltamarin The Finnish consulting and engineering company Deltamarin Ltd will provide the Swiss-based Allseas Group with the complete detailed design work for the Pieter Schelte offshore vessel project. The vessel Read more
Swedish-American new head of WMU Professor Björn Kjerfve has been appointed new president of the World Maritime University in Malmö, Sweden. He will take up the position in May. Kjerfve is currently professor of oceanography Read more
Royal Arctic Line hit by oil prices Royal Arctic Line was affected by the sky-high prices of bunker oil in 2008, which contributed to a DKK 17 million profit decline. Royal Arctic Line reports a profit
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