Caribbean outbound Aframax rates down 32% The cost to transport crude from the Caribbean on Aframax tankers fell 32 per cent last week as the number of ships outweighed light demand for voyages.
DPD expanding in Russia DPD opened a depot in Belgorod (Russia) at the end of January, further strengthening its presence in central Russia. Belgorod has 350,000 inhabitants and is an important hub on sev...
FedEx cuts 900 freight division jobs The US parcel service provider FedEx has cut around 900 jobs - about 2.5% of the FedEx subsidiary's 35,000 employees - in its freight division, on account of the economic downturn....
New Netto Marken-Discount warehouse in Germany The German food retailer Netto Marken-Discount has established a new warehouse and leased 10,300 sqm of space in Sohren (Germany). NAI Apollo acted as consultant for the tenant and...
Gilles Fournier new Le Havre supervisory board president Gilles Fournier has been elected as the new president of the supervisory board of the French port of Le Havre.
Randy Richards to lead FreightScan global sales FreightScan, a leader in the development and deployment of innovative technology solutions for the freight and logistics industry, has secured the services of Randy Richards, a for...
Kaohsiung drops out of top ten The Taiwanese port of Kaohsiung has lost its place in the world's top ten container ports. The container volume of the eighth-busiest port in 2007 dropped by 5.6% to 9.7 million te...
Dakosy simplifies airfreight exports More and more freight forwarders are addressing the Atlas-AES issue, as the compulsory introduction of AES on 1 July 2009 moves ever closer. The optimal solution will integrate the...
Port of Long Beach with new electronic gate system The port of Long Beach will begin collecting a clean truck fee in mid-February, to finance the replacement of thousands of polluting cargo trucks. The port will simultaneously kick...
Tarros returning to Thessaloniki The La Spezia-based Italian shipping line Tarros has resumed services to the port of Thessaloniki (Greece), with the first departure by the "Vento di Bora". The link will operate w...
New weekly Far East service for Khorfakkan Gulftainer, a leading regional port management and logistics firm based in Sharjah (UAE), has established a new connection at its Khorfakkan Container Terminal. CMA CGM's Mediterra...
European yards face collapse in credit crisis SHIPBUILDERS and marine equipment industries face being wiped out if credit markets do not ease "soon," warns Brussels.
Brussels extends rules on state aid to EU shipyards
Yards rebuff boxship owners SOUTH Korean shipyards refuse to bow to pressure from hardpressed boxship owners to cancel orders or reduce prices.
Appeals court to curb 'Rule Bs' A US appeals court appears near certain to issue an order that will stem the flood of 'Rule B' asset attachments in New York, which could drastically alter legal strategies during the shipping crisis
Taiheiyo hit by defaults TAIHEIYO Kaiun, an affiliate of the NYK Group, has suffered losses amounting to $256M in the third quarter ending 31 December, 2008 primarily due to charter defaults
Crew deaths linked to food poisoning FOUR crew members of the Korean ship Bright Star have died presumably due to food poisoning
Sietas yard fighting for survival LOSS-MAKING contracts for container and heavy lift vessels and the cancellation of several newbuilding orders are jeopardising the future of Hamburg's Sietas shipyard
Tampa Bay reopens TAMPA Bay port facilities have been reopened to maritime traffic after an oil spill that resulted from an overnight vessel collision was successfully cleaned
Brazil, Argentina in trade spat POWERFUL Brazilian lobby group Fiesp is recommending strong retaliation against imports from rival Argentina, after its near neighbour imposed new tariffs on Brazilian imports
USS lifeline lengthened THE ticking clock for US Shipping Partners has yet again been re-set, with its forbearance agreement with lenders extended until 20 February
Ocean carriers are not Fools These are critical days for ocean carriers. Despite the aggressive pruning of cellular capacity, plummeting volumes have resulted in freight rates - particularly on the once booming Asia to Europe tradelane - collapsing to sub-economic levels. But the gloves are off...April 1, 2009 heralds the big fight back by the bloodied but unbowed carriers against the present ruinous trading conditions that threaten their very existence.
US-ANZ rates backflip but Euro goes up
Containerships adds Riga
A new draft for Itajai but NOT Portonave!
'Reconstruction a must' for Itajai
New Singapore hi-tec logistics centre for Panalpina
Combi Dock III named and delivered Combi Dock III has been officially named and delivered to the Danish/German joint venture Combi Dock A/S. Lone Poulsen, wife of Anders Poulsen, CEO at J. Poulsen Shipping
Absalon prisoners extradited to Holland The Danish warship Absalon has finally managed to hand over the five Somalia pirates, who have been detained on board the ship since early January. Their boat sank after interception
DFDS Queen becomes floating hotel in Oskarshamn DFDS's cruise ferry the Queen of Scandinavia has left the berth at Kors'r, Denmark, after six months of lay-up. The ship has been chartered to function as a hotel
Nordic Tankers reports Steen Bryde to the police Nordic Tankers has reported its former CEO and chairman of the board, Steen Bryde, to the police for fraud and attempt to fraud. After going through all the papers from
Increasing idle container fleet 427 container vessels are currently idle according to Lloyd's MIU, that is 124 vessels more than French AXS-Alphaliner stated only one week ago. The 427 boxships represent 9.1
Record breaking recycling ",The volume of tonnage sent for recycling in only the first month of 2009 was more than 40 percent of the total recycled in the whole of 2006.", says DNV
Latvia demands damages for oil spill along coast The municipality of Kolka detected an oil spill on 23 December, which had drifted ashore on the Courland coast, and informed the authorities. The head of the Latvian authority responsible
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