Panalpina banks on new Changi hub for growth Global logistics player Panalpina will focus on healthcare, pharmaceuticals, oil and gas and aerospace for growth, and its new facility here will help facilitate this, chief executive Monika Ribar said yesterday.
Thai shipping industry faces tough times PLUMMETING exports saw traffic through Thailand's prime cargo port continue to decline last month, painting a dim picture for the country's shipping industry this year.
IMO meet in March to agree on energy efficiency Delegates at the United Nation's shipping agency will likely agree at a meeting in March that it is mandatory for flagship countries to check how energy efficient a new ship is, the chairman of the meeting said on Monday.
Baltic Dry Index surges on China iron ore demand
Daewoo Logistics may delay Madagascar corn project
New funding guide published by rail infrastructure managers The association European Rail Infrastructure Managers (EIM) launched a new version of its "Finding the Funds" brochure at a seminar on rail investment in Central and Eastern Europe...
Kings Transport joins Palletline Kings Transport became Palletline's latest new member in February. The company, which has been established for more than 35 years, offers a full portfolio of distribution and wareh...
FedEx opens new Guangzhou hub US CEP provider FedEx Express began operations at its Asia-Pacific hub at Baiyun international airport in Guangzhou (China) early in February. The hub, in the heart of Guangzhou's ...
Rhenus opens new Riga office Rhenus Revival, a Latvian subsidiary of the Rhenus group, moved into a new 1,500 sqm warehouse near Riga at the end of January, where it offers the entire range of logistics servic...
Eimskip Belgium joins specialised perishables group Eimskip Belgium is a new member of the Perishable Logistics Specialists Network (PLSN), which was founded in 2008 and has been seeking members with the appropriate experience. Eims...
New direct L'beck-Philadelphia link The port of L'beck (Germany) is now linked directly to the port of Philadelphia PA (USA). The first ship on this route, the "Transwood", left L'beck at the end of January. The Swed...
Smoother sailing between EU ports Customs formalities for ships sailing exclusively between European ports are due to be simplified. Guidelines will be established to speed up document checking processes for the tr...
Cochin becomes first Indian e-port India's fast-growing Cochin Port Trust has become the country's first e-port with the completion of ERP implementation. Tata Consultancy Services undertook the project and complete...
NOL profits down Singapore-based global container shipping and logistics group Neptune Orient Lines (NOL) reported a net profit of USD 83 million for 2008, 84% lower than in 2007. The group's 2008 ...
US Navy captures thwarted pirates A Marshall Islands-flagged tanker came under pirate attack today off Somalia and quick thinking by the crew and a rapid response by the US Navy resulted in the capture of seven pirates
Cosco forced to slash costs SHRINKING foreign trade and uncertainty over container prospects in China during the downturn have forced Cosco to reduce costs, according to VP Chen Xiang
Cruiselines refund fuel fees TWO SMALL cruise lines operating from Florida have agreed to refund around $3M in improper fuel surcharges under an agreement with state officials
DVB launches opportunity fund GERMAN shipping and transportation bank DVB has launched a new investment fund for opportunities in the shipping and offshore sectors amid the growing squeeze on loans and equity
US towboat operators are licensed MOST TOWBOAT operators along the US Gulf Coast have proper credentials, the USCG has found during a massive crack-down
Rise in UK flag fleet THE UK-FLAGGED merchant fleet has grown significantly following tax changes in 2000 but is facing tough competition from other flag states, the UK's National Audit Office revealed today
Pemex goes steady MEXICAN oil giant Pemex will abstain from stop and go spending behaviour and will invest steadily in exploration and development, assured Pemex Director General Jesus Reyes Heroles
US halts attack Navy arrests seven suspected pirates off Somalia after distress call from a chemical tanker.
Windstar is all Ambassadors International unveils plan to sell all major assets but Windstar Cruises.
GOGL falling Golden Ocean shares on the rocks following triple blow, while doubt surrounds future of two Daehan capesizes.
US detains 11 Eitzen chemical tanker with multiple deficiencies among vessels caught in US port-state control detentions.
Nordic 911 Denmark's Nordic Tankers calls in police to look at possible "fraudulent abuse" by Steen Bryde and two others.
Bors bites Solvang Heavy losses on stocks and shares coupled with costly newbuildings send Inge Steensland's Solvang into the red during the fourth quarter.
Rand loss widens Great Lakes bulker owner suffers drop-off in cargoes in second half of December.
Help at hand China rubber stamps support package for embattled shipbuilders with crackdown on development of new yards and consolidation encouraged.
Capacity talks off Transpacific Stabilisation Agreement kills effort for US approval for talks to deal with a boxship capacity glut.
'Pilots onboard' Tanker and feedership involved in fiery collision off Dubai were both under pilotage at the time.
Misplaced pass Two general cargoships collided off Denmark after picking tricky spot to pass each other, report finds.
Cost-cutting Finnish state offshore and icebreaking company Finstaship looking to chop staff wage costs by 10% in downturn.
Golden commotion John Fredriksen-backed bulker owner stung by failed sale-and-leaseback and charter defaults as it accepts cut-price offer for second hand panamax.
Tsuneishi expands Japanese yard to splash cash at Philippines facility to turn out ships up to 250,000 dwt.
Oil disappears Opec cuts have taken close to one suezmax cargo per day from world markets, with more to come.
STX sell-off? Korea's STX group could sell some of STX Europe to recoup takeover costs, with new stock listing possible.
GE sells LPG ship Indian owner left with only one gas carrier after sale of elderly unit to mystery buyer.
Q-Ship curtailed Qatari tanker and gas carrier owner sees a chunk taken off its 2008 profit in tougher markets.
SCI SOS Indian state owner asks finance ministry for emergency funding of $2bn to keep delivery of 40 newbuildings on track as credit dries up.
Drilling for cash Norwegian owner Fred Olsen's offshore drilling group FOE enjoys strong 2008, but credit crunch has changed the outlook.
Klang falling Malaysian port expects 2009 cargo volumes to drop 10% from last year's levels in bleak economic climate.
Ship values rise The recent surge in dry bulk rates is having a positive effect on second hand values, says Baltic Exchange.
Sales hike at STX STX Pan Ocean forced into mandatory disclosure by 60% jump in sales but net drops slightly.
A2SEA bags British wind power contract The Danish offshore construction company A2SEA has signed up with Fluor Limited for installation of a number of wind turbines off the British east coast. A2SEA will use their jack
More ships to cut the Suez Canal Maersk Line and other container operators are seriously considering diverting more services to sail via the Cape of Good Hope instead of using the Suez Canal. A number of operators
STX plans part sell-off of STX Europe Just days after the de-listing of STX Europe from the Oslo Exchange, South Korean STX Group is said to consider a sale of parts of its now wholly-owned
OOCL opens traffic on G'teborg In March, Orient Overseas Container Lines (OOCL) starts feeder traffic on the route Hamburg, G'teborg, Klaipeda, St Petersburg, Rauma, G'vle and back to Hamburg. The 868-TEU vessels the OOCL
Korean court caps liability for Hebei Spirit A South Korean Court has set a cap on damages the operators of the tanker Hebei Spirit are liable for after the catastrophic oil spil iln December. The court has
EMSA chairman foresees jeopardized safety J'rgen Hammer Hansen, chairman of European Maritime Safety Agency (EMSA), foresees a great risk of shipowners cutting expenses on safety and environment due to the current financial and economic situation
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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