Maersk posts 9-month loss Danish shipping and oil group AP Moller-Maersk reported a deeper-than-forecast net loss for the first nine months of the year, hit by a global slump in freight, and said that it would lose US$1 billion this year.
Logistics
Trade triangles centred on Asia set for big role Asia is at the heart of three trade triangles, comprising intra-Asia, Middle East-Africa-Asia and Latin America-Asia, that are expected to contribute to almost 40 per cent of global trade by 2028, according to a report shared by global logistics player DHL yesterday.
Maersk posts 9-month loss Danish shipping and oil group AP Moller-Maersk reported a deeper-than-forecast net loss for the first nine months of the year, hit by a global slump in freight, and said that it would lose US$1 billion this year.
Logistics
Trade triangles centred on Asia set for big role Asia is at the heart of three trade triangles, comprising intra-Asia, Middle East-Africa-Asia and Latin America-Asia, that are expected to contribute to almost 40 per cent of global trade by 2028, according to a report shared by global logistics player DHL yesterday.
SNCF ready to press ahead Guillaume P'py, director of the French railway SNCF, has signalled strong resolve. He wants to transform the company into a "global logistics champion comparable to DB Schenker, DH...
French senate approves postal reform The French senate has cleared the way for the French post office to raise EUR 2.7 billion in capital. A majority voted in favour of the draft law after about 70 hours of debate. La...
Wincanton profits and turnover down in H1/2009 Wincanton, the internationally active transport and logistics enterprise based in Great Britain, recently published its interim results for H1/2009. The turnover dropped by 9....
Rhenus Office Systems now archiving in Austria Rhenus Office Systems GmbH will open its first security archive in Austria on 13 November. The company built a state-of-the-art security facility with a capacity of 30 km of docume...
Grand Alliance announces Asia-Europe winter programme Grand Alliance (GA) partners Hapag-Lloyd, Nippon Yusen Kaisha (NYK) and Orient Overseas Container Line (OOCL) have announced their winter programme for Asia-Europe services, w...
Colombia: CTQI standard for port of Cartagena Two terminals in the port of Cartagena have been certified by Germanischer Lloyd (GL) according to the Container Terminal Quality Indicator (CTQI) standard. Both terminals are oper...
Etihad raising frequencies to Frankfurt Etihad Airways will offer more flights between Frankfurt and Abu Dhabi (United Arab Emirates) from 12 December, raising the total to 13 a week. The frequency will be increased...
Maersk Line to re-join trans-Pacific Stabilisation Agreement Maersk Line has decided to apply for membership in the Trans-Pacific Stabilization Agreement (TSA) after a five year absence. Once the company is accepted, there will be 15 me...
Rotterdam to introduce crisis discount in 2010 The port of Rotterdam (Netherlands) is making a major effort to help shipping companies. With effect from 1 January 2010, the port will reduce its harbour fees by 7% and the q...
DHS completes northern border RPM installation The USA now has complete coverage of its northern border ports of entry with drive-through radiation portal monitors designed for commercial vehicles, according to the Department o...
Boskalis wins Smit this time ROYAL Boskalis Westminster and Smit Internationale, two Dutch maritime service companies, said today they have agreed to combine
Galp gulps 49% income drop PORTUGAL'S largest company, the oil giant Galp, has told Fairplay today it is "delighted" with its third-quarter results ' despite posting a 49% drop in net income year on year
APM losses tied to share fall DENMARK'S APM reported deep losses today for its box shipping business, sparking a share fall of almost 4%
NYK selling 460M shares NYK SAID today it hopes to raise a ship-purchase war chest of ¥142Bn ($1.58Bn) by selling up to 460M new shares
North Sea exit After four Petrobras charters, Felipe Menendez-led Ultrapetrol is poised to send its last two North Sea PSVs to Brazil.
Three yards bid Trio of yards, including greenfield facility tied to STX Offshore & Shipbuilding, compete to build gas carrier octet for Sergio Machado's Transpetro.
Loan for TK Teekay Offshore Partners bags $260m credit facility to fund purchase of FPSO from parent Teekay Corp.
Danaos converts? Coustas-led containership owner back at the table with shipyards to discuss delays and even conversions to bulkers. Cash injection in the works.
'Reasonable' price Statoil cheers fixtures of Diamond Offshore and Saipem drilling rigs at 2006 levels.
Feeder tie-up Northern Europe boxship feeder operator Unifeeder buys a smaller rival InterMarine Container Lines Container Lines (IMCL).
Seven down Polys Haji-Ioannou scraps fourth VL to take his tanker torching to seven this year.
Cooking the books Former Novoship boss Tagir Izmaylov accused in court of telling finance chiefs to inflate ship sale profits to get deals through.
Discharge hold-up Avin International chemical tanker with suspected discharge violation among five vessels detained at US ports in October.
Sanko sells trio Handymax bulker sisterships gone to undisclosed buyers in deals netting Japan's Sanko Steamship $43m.
Rubber-stampers Former Novoship finance head Vladimir Oskirko claims owner's general board merely waved through S&P deals already concluded by his boss Tagir Izmaylov.
Nine in line Maersk Line to lay-up another nine boxships by year end, taking its idle tally to 25.
FreeSeas to buy? Ion Varouxakis-led Greek bulker owner could acquire tonnage after latest refinancing deals.
ISC buys three Niels M Johnsen-led International Shipholding Corp pays $90m for trio of handysize bulker newbuildings.
Divi to return As it reports a fall in third quarter profit Knightsbridge Tankers says it aims to reinstate shareholder payouts in 2010.
Victory denied Rainy Sky wins Jinse newbuilding refund guarantee payout but Blystad and Metrostar keep the outlook misty.
Rig rescue US Coast Guard comes to the rescue of two men after liftboat damages platform.
Caper challenge Massive orderbook will keep the lid on freight rates for large capesize bulkers, DVB report says.
Bulkers attacked Cosco ship one of two panamaxes to escape hijacking in Gulf of Aden on Thursday.
Sea scenes Mountainous seas, a bulbous bow sun lounger and bioluminescence figure in the latest entries to TradeWinds' Photographer of the Year contest.
NAT lifted Higher dividend hopes and an earnings boost from suezmax purchase lead JP Morgan to raise its rating on New York listed owner.
Still at zero Niels Smedegaard-led DFDS still sees no profit annual profit but volumes nearing 2008 levels as quarter 'better than expected'.
Maersk misses AP Moller-Maersk posts larger than expected nine month loss as container line suffers reversal of over $1.5bn.
STX eyes recovery Near future of dry-bulk market not a "silk-covered playground" but demand forecast "not quite bad", Korean owner claims.
MPC still red Axel Schroeder-led MPC Capital chalks up nine month loss as ship investment crashes.
NYK's cash grab Japanese giant to raise over $1.5bn from huge share issue.
Floating down Japan's Modec sees slumping sales dent third quarter bottom line.
Small hope Mini-bulker owner Wilson eyes positive signals in the market after return to profitability in Q3.
Namura soars Japanese shipbuilder keeps lofty annual profit forecast intact as half-year sums impress.
VLOCs confirmed Yard or yards still unnamed as STX Pan Ocean finally comes clean on $880m octet order, launches bond offering.
STX slashed Korean owner's profit at a tenth of a year ago despite cargoes rising as rates slashed.
Danaos dips Greek container leaser sees third quarter profits slide on increased interest rate swap contract losses.
Smit snapped up Boskalis' on-off pursuit of Dutch outfit finally comes to a head with EUR60 per share offer.
Aegean ahead Nikolas Tavlarios-led bunker player reports jump in both third quarter and year-to-date profits.
Danaos gives in Greek liner owner says it has agreed to new reduced charter rates on six ships fixed to Zim.
Norwegian minister urges shipyards to prepare for tough times "We can't order ships that there is no demand for", said the Norwegian minister of Trade and Industry Trond Giske in the Norwegian parliament Stortinget, NTB reports. Norwegian shipyards have
Norwegian patrol units fired upon In the afternoon yesterday shots were fired at two patrol vessels from the Norwegian frigate Fridtjof Nansen, 83 nautical miles from Boosaaso. The Norwegian crew was unharmed. The patrol vessels
Strike on Turku Shipyard The workers of STX Europe Turku Shipyard laid down work on Wednesday after receiving information that more than 400 yard employees may lose their jobs. The strike will continue the
Latvian Captain banned from Danish waters A 52-year old Latvian captain has been banned from sailing in Danish waters for the coming twelve months as a part of a sentence for being drunk when manoeuvring
Mærsk Group posts heavy losses The A P Møller-Mærsk Group and especially the liner service Maersk Line has been hit hard by the global economic crisis in the first nine months of 2009. The
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