Playing musical chairs HOW recession resistant is shipping? On the face of it, the answer may seem pretty clear. Not at all.
All shipping firms will lose money in '09: Maersk CEO All container shipping companies are likely to lose money this year and some will go out of business if freight rates do not recover, Maersk Line's chief executive told Reuters on Monday.
Strait Talk
IMO alliance for a cause OVER the years the International Maritime Organisation (IMO) has taken an increasingly active stance on issues affecting world shipping. It is becoming far less simply a body that reacts to issues that come to its attention through its member states.
Playing musical chairs HOW recession resistant is shipping? On the face of it, the answer may seem pretty clear. Not at all.
All shipping firms will lose money in '09: Maersk CEO All container shipping companies are likely to lose money this year and some will go out of business if freight rates do not recover, Maersk Line's chief executive told Reuters on Monday.
Strait Talk
IMO alliance for a cause OVER the years the International Maritime Organisation (IMO) has taken an increasingly active stance on issues affecting world shipping. It is becoming far less simply a body that reacts to issues that come to its attention through its member states.
AFC and Nord-Flyg offering service from Germany and Benelux to Spain The Munich (Germany)-based specialist for air freight consolidation Air Freight Consolidator (AFC) and the Swedish airline Nord-Flyg Madrid offers connections from the main cargo c...
Konrad Sch'tte to strengthen Air Partner's sales team Konrad Sch'tte has moved to the sales division of Air Partner, one of the world's biggest charter aircraft providers. He has been gathering experience of the charter business in th...
Hapag-Lloyd board candidates The Hapag-Lloyd supervisory board plans to appoint Peter Ganz to the executive board as chief financial officer at its next meeting. After studying business administration, Ganz be...
Maersk: general rate increase in the Europe-Middle East and South Asia trade The Danish shipping giant Maersk recently announced that it will raise its rates on 1 April, as the current tariff is unsustainable and demand is improving. The increases on eastbo...
Port of Turku handles record number of new cars The port of Turku (Finland) imported a record number of new cars in 2008. The port saw 93,577 cars pass over the quayside, a 28% increase over the preceding year. In contrast, good...
DB Schenker expands Middle East network The German service provider DB Schenker continues to expand its network in the Middle East by founding a separate company named Schenker Saudi Arabia LLC on 1 March. The new entity...
Albion Chemicals Group renamed The Brenntag-owned Albion Chemicals Group has now been renamed Brenntag UK & Ireland. "Rebranding to Brenntag UK & Ireland positions the business as a global leader in chemical dis...
Kuehne + Nagel strengthens capabilities in the oil and gas logistics market The Schindellegi (Switzerland)-based logistics and supply chain management service provider Kuehne + Nagel recently announced that it has entered into an agreement to take over J. ...
Harwich International Port gets 'wings' Harwich International Port, one of the UK's leading multi-purpose freight and passenger ports, recently welcomed the arrival of some unusual cargo to its no. 5 berth. The shipment ...
Germany: first decrease in inland shipping in 2008 According to provisional data of Germany's Federal Statistical Office (Destatis), inland waterways traffic in Germany in 2008 did not reach its record level of 2007: Compared with ...
Frozen Food Express substantially improves Q4 figures The refrigerated trucking company Frozen Food Express Industries (FFE) lost USD 201,000 in Q4/2008, compared with a loss of USD 3.5 million in the same period in 2007. The improvem...
Global oil outlook trimmed THE new Energy Information Administration outlook predicts that world oil consumption will fall by 1.4M bpd this year, to 84.3M bpd
Martinoli takes NCL helm CRUISE industry veteran Roberto Martinoli was appointed president and chief operating officer of Norwegian Cruise Line today
Argentine yard victorious A New York judge has thrown out an attachment order used by Wilhelm Finance to garnish $2.3M in funds from Argentinean yard Astillero Rio Santiago
US policy changed as fine erased POLITICAL pressure from Congress has forced US Customs to change penalty guidelines under the Passenger Vessel Services Act and refund at least $800,000 in fines, Fairplay has learned
German exports falling fast GERMANY'S export activity dropped by 4.4% to $85Bn in January, after a 4% reduction in December, as the recession's impact deepened
PDVSA closes big gas deal VENEZUELA'S government-owned oil giant PDVSA has formed a multibillion-dollar offshore gas venture with Portuguese, Argentine, US and Japanese groups
DFDS's figures better than expected The DFDS Group did better than expected in 2008, according to CEO Niels Smedegaard. The group was affected by the global decline in all its markets. The overall figures show
Hamburg Süd scales down Due to deteriorating market conditions, Hamburg Süd has decided to reduce capacity in the trade between the Mediterranean and the East Coast of South America with immediate effect. In a
Karmsund loses Singapore contract Norwegian Karmsund Maritime is fighting for its survival, but after the Singapore-based Ezra Holding cancelled two anchor handling supply vessel contracts worth NOK 1.240 billion in total, the
Shipping should act to cut emissions Head of DNV wants more research on using natural gas as a bunker fuel.
Aegean facing new commission lawsuit Previous case in Greek court was unsuccessful, Aegean says claim is 'meritless'.
Distillate supply concerns as regulation deadline approaches Market is being stretched, concerns over price escalation, says study.
Russian navy looks to oil companies for bunker deliveries Head of fuel procurement for the Russian armed forces says oil companies should provide bunkers to naval ships.
Hedge losses cost shipping company over $80 million Norden's hedging losses significantly worse than predicted.
DFDS rides out bunker price fluctuations Total bunker cost increase in 2008 even as company cuts consumption, but Q4 price drop helped.
Asia: Bunker fuel prices see marginal gains Traders in Tokyo Bay seeing more enquiries as prices undercut Busan.
Cargo ship sinks after collision Wide oil slick spotted near accident site off the coast of central Japan.
Bunkering resumes as cyclone threat eases
Iran supplier wants larger share of Bandar Abbas market Currently supplies about 20% of bunkers needed by foreign vessels.
Indian refiner urged to bunker foreign ships Foreign-owned vessels unable to buy bunkers at Paradip port.
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