Two Maersk businesses get revamp A.P. Moller-Maersk is consolidating its supply chain and freight-forwarding businesses under the Damco brand from Sept 7.
Oil firms storing crude in tankers off UK coast Oil companies are storing crude on at least seven supertankers off the coast of the UK, enough to supply the country for more than a week, even as rising prices reduce the incentive to put more oil into storage.
Daewoo's Brazil customer gets Korea Exim credit Export-Import Bank of Korea will provide US$300 million in loans and guarantees to a Brazilian customer that placed an order for two drill ships with Daewoo Shipbuilding & Marine Engineering Co in May last year.
Wincanton improves sales and operating profit Logistics service provider Wincanton increased its sales by 9.1% in the just-completed financial year, from GBP 2.16 billion (EUR 3.1 billion) to GBP 2.36 billion (EUR 2.8 billion)...
Schenker China establishes Wuhan branch Schenker China has obtained a business license from the Hubei provincial administration for industry and commerce to establish a new branch in Wuhan. It commenced operations on 1 J...
Weber Distribution celebrates 85th anniversary Weber Distribution, a leading third party logistics and supply chain management provider headquartered in Santa Fe Springs CA (USA), is celebrating its 85th anniversary this year -...
Gefco Italy takes on distribution in Italy for Yamaha Gefco Italy is taking on all national distribution tasks for Yamaha motorbikes in Italy with immediate effect. The Italian national branch of the French logistics service provider ...
Menlo expanding relationship with Maquet in Europe Menlo Worldwide Logistics, the global logistics subsidiary of Con-way Inc, recently expanded its relationship with Maquet Cardiovascular, a division of Maquet GmbH & Co KG. Menlo i...
BLG slipping from record year towards crisis The 129th AGM of the German company Bremer Lagerhaus-Gesellschaft (BLG) analysed 2008 and laid down its expectations for 2009. The stock exchange-listed corporation increased its a...
Sea Terminal Sassnitz handles Baltic Sea pipeline logistics The Sea Terminal Sassnitz (STS) has been in charge of all logistics operations for the Baltic Sea pipeline conducted over the past year in Sassnitz/Mukran (Germany) for the French ...
Transfennica adding third unit to Zeebrugge-Bilbao service Transfennica has given the market a clear signal of its commitment by deploying a third vessel on its fast-growing Zeebrugge-Bilbao route from 15 September. Transfennica started se...
Felixstowe welcomes Maersk AE1 service with additional trains The English port of Felixstowe has welcomed the first call of Maersk Line's AE1 Asia-Europe service, and with it the 28th daily train service from the Suffolk port. The 6,600 teu "...
Safe Bulkers cancels one of two newbuildings SAFE Bulkers has trimmed its capital expenditure by $12m by cancelling one of its two capesize newbuildings.
Safe Bulkers profits from charter calls
Chinese steelmakers eye iron ore price cuts of 33% CHINESE steelmakers have been tipped to accept iron ore price cuts averaging around 33%.
FreeSeas inks short-term charters for handysize trio FREESEAS has found short-term takers for three handysize bulkers at $9,000 to $13,400 a day.
US Shipping bows from battle US Shipping Partners has relented in its fight with private equity firm Blackstone over the two parties' joint venture to build five product tankers at NASSCO
Swine flu hits Zaandam FIVE crewmembers aboard Holland America Line's Zaandam have contracted swine flu, a company spokesperson confirmed to Fairplay
CMA CGM: a pox on ratings FRENCH box ship giant CMA CGM today barred the top three agencies from rating its debt after they downgraded its credit due to the tough global market conditions
Eastwind denies it's on brink COURT documents allege that Eastwind Maritime is at risk of imminent vessel foreclosures, but the company rebutted this assertion when contacted by Fairplay today
Tug safe after escaping pirates A DUTCH warship is today escorting a tug freed in a daring escape from pirates in Nigeria, the Dutch defense ministry said
Safe Bulkers cancels Cape SAFE BULKERS today announced several changes to the timing and composition of its newbuilding programme, which will reduce its cap-ex by $12M, net of associated costs
Sempra seals Qatari LNG deal THE SOON-to-debut Cameron LNG receiving terminal in Louisiana has signed a supply deal with Qatar's Ras Laffan LNG Co Ltd 3, terminal owner Sempra LNG said today
Oasis on sea trials The building of the world's largest passenger vessel Oasis of the Seas proceeds according to plan at the STX Europe shipyard in Turku. Monday morning, the giant left the outfitting
Finnish shipbuilding in top research project STX Europe's Finnish shipyards will participate in an extensive, long-term development program, supporting its strategic core business as a builder of large passenger vessels. The project is included in
Seafarers stranded on bankrupt tanker Eighteen seafarers are stranded on the Malta-flagged chemical tanker Dover, moored at the Danish port of Korsør. The vessel is owned by Elgar Shipping AB, Sk'rhamn. The tanker arrived
Better planning would reduce CO2 emissions Shipping could already today reduce its emissions of CO2 by 15 per cent, simply by better planning, claims DNV in a study made public today. The reduction would be possible
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