IPO by China Shipbuilding for capacity boost China Shipbuilding Industry Co, the nation's largest maker of vessel equipment, plans to raise as much as 14.7 billion yuan (S$3 billion) in Shanghai in the country's third-largest initial public offering this year.
Nordic banks to lend more to shipping Nordic banks expect a modest increase in lending to the shipping industry next year as financial markets strengthen, but gloomy forecasts for a sector plagued by overcapacity mean that only the best projects would attract funds.
German Federal Environmental Agency demands higher HGV toll The German Federal Environmental Agency (UBA) recently presented this year's data on the environment. Among other things, the document called for a higher truck toll, which should ...
CMA CGM launches additional feeder service from Hamburg The French shipping company CMA CGM launched a new feeder service between the port of Hamburg (Germany) and the Lithuanian port city of Klaipeda and the Russian exclave K...
Intermodal Innovation delivers new container designs Intermodal Innovation LLP recently delivered 10 ft offshore paint store containers. The units were manufactured for ConocoPhillips (UK) at intermodal Innovations facilities in Lanc...
DB supporting the Climate Express project The German national railway Deutsche Bahn is supporting the Climate Express project of the International Union of Railways (UIC), which will mark the occasion of the United Nations...
Safmarine's West Africa service to make a call in Hamburg The "Safmarine Palanca", a vessel operated by the Belgian shipping company Safmarine on its MPV Angola-Congo service, will call at the port of Hamburg for the first time on 17...
Safety certificate for Adria Transport On 1 December, Adria Transport, which is 50% owned by the port of Koper (Slovenia), obtained a safety certificate enabling it to provide freight and railway cargo transport service...
JCL Logistics acquires Dutch Logwin Road+Rail subsidiary The international logistics service provider Logwin has sold its 100% shareholding in the Dutch subsidiary Logwin Road + Rail The Netherlands BV to the Austrian JCL Logistics Group...
Mosolf official releasing agent for Volkswagen India Private Ltd. Mosolf India Logistics Private Ltd has successfully completed its start-up phase as the official releasing agent for Volkswagen India Pvt Ltd in Pune. The joint venture between Hor...
Volvo Parts Corporation prolongs collaboration with Wincanton Volvo Parts Corporation and the transport and logistics service provider Wincanton are prolonging their partnership of many years. Wincanton manages spare parts logistics for&...
Finnlines launches new scheduled ferry service from Rostock The Finnish shipping company Finnlines is starting a new scheduled ferry service in the Baltic Sea today. The thrice-weekly sailing connects the German port of Rostock to...
Swiss goes west to expand Despite an almost 70% decline in profit, Swiss International Air Lines is one of the few carriers which will be able to expand its network next year, thanks to its rigorous cost ma...
USA's DHS criticises airfreight security arrangements According to a report issued by the USA's Department of Homeland Security (DHS) there are still holes in the security arrangements surrounding air cargo movements which one co...
Flughafen Z'rich AG: slight increase in cargo volumes in October and November Flughafen Z'rich AG, the operator of Zurich airport, is sloughing off the name Unique. The executive board decided to adopt a single brand strategy in October 2009. This decision w...
Jade Cargo opens new cargo services from Chengdu to Europe and Middle East Jade Cargo International and Chengdu Municipality (China) have entered into a strategic agreement to establish an international air cargo hub for western China. This hub will suppo...
DHL to be Iata's "e-freight" partner DHL Global Forwarding, the leading air and ocean freight forwarder of Deutsche Post DHL, is once again taking the lead by partnering with the International Air Transport Associatio...
Berlin reassures on tonnage tax GERMANY'S new transport minister Peter Ramsauer has reassured shipowners that existing incentives for shipping will not be axed in the face of budget constraints
Product upside from GHG bill? GREENHOUSE gas legislation under consideration in America may offer a competitive advantage to products importers
Ballast reg concerns mount A US Coast Guard proposal requiring vessel operators to meet tighter ballast-water standards was roundly criticised in a comment period that ended today
West of England unveils rises THE WEST of England P&I club advised its members today of a general increase to be applied at renewal in February 2010
NY port authority to cut jobs THE AUTHORITY responsible for the port of New York and New Jersey has announced plans to cut 150 jobs to reduce costs
Shipping: 'not guilty' of premeditated murder Wedged between full page advertisements for world cruises on the QM2 and long-haul holiday flights, 2 million British readers opened their Mail on Sunday (MoS) newspaper over breakfast on November 22 to be hit by an indigestion-inducing disaster movie-style story: How 16 ships create as much pollution as all the cars in the world.
Newbuilding chartered to M'rsk The PSV (Platform Supply Vessel) newbuilding Havila Her'y owned by Havila Shipping will be chartered to M'rsk Olie og Gas Danmark on a 5-year fixed contract with 1+1
Scandlines closes down Travem'nde service Scandlines will halt its the freight service between Trelleborg and Travem'nde as of January 1, 2010. "The service has not been profitable for some years", says Jesper Waltersson, Communications Manager
Cargo ship released The 2,800 GT Antigua and Barbuda-flagged cargo vessel MV Charelle has been released. The vessel was hijacked some 60 nautical miles south of Oman in the middle of June
Quiet trading to end the week Prices moving in different directions on mixed trading day.
New barge deployed in Panama Company increasing its capacity to nearly 7,000 mt.
Peru offers ultra-low sulphur MGO Local supplier seeing increased enquiries for compliant product.
Bunker prices falling in Rotterdam But markets firm in the Southern Europe.
MSC commits to low sulphur fuels Growing awareness that environmental sustainability is a good financial move.
German port ready to implement sulphur directive Bye laws amended to reflect EU regulation limiting sulphur content for ships at berth.
Bunker delivery notes key to 'cap and trade' UK Chamber of Shipping says BDNs could be part of a 'pay as you go' carbon credits scheme.
Copenhagen Special: Bunkering opinion Buffalo Marine looks at how cap and trade has the potential to cause vast disparaties.
Fujairah prices falling Fujairah sees average demand and avails.
Copenhagen Exclusive: Growing support for Norwegian proposal UNFCCC 'must let the IMO do its job' says Norway's representative at the IMO and the UNFCCC.
Bank willing to support bunkering projects in Brunei AFB points to shipping activity generated by the oil and gas sectors.
Fuel oil inventories up again ARA stocks 40% higher than at this time last year.
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