TSA members plan to raise Asia-US rates by US$500 Shipping lines operating half the world's container vessels plan to raise Asia-US rates, ending a price war that contributed to industrywide losses. Falling demand and a flood of new vessels may stop them.
Ransom demand made for Arctic Sea: report A ransom demand has been made for the lost merchant ship Arctic Sea, Finnish media said on Saturday, but the whereabouts of the vessel were still unknown in a saga looking increasingly like the plot of a spy thriller.
Fiege lays foundation stone for new logistics centre in Italy The German logistics service provider Fiege is currently building a logistics centre in Colloferro, in the province of Rome, which - once completed in July 2010 - will be the third...
GLS Germany granted AEO status GLS Germany has reported that it is one of the first parcel service providers in Germany to be registered as an Authorized Economic Operator (AEO) at the German customs. The A...
TNT: new depot in the Philippines The Dutch service provider TNT has officially has opened its new North Luzon depot in San Fernando, Pampanga (Philippines). The platform increases the company's connectivity and pr...
Norbert Dentressangle expands in West London The French transport and logistics service provider Norbert Dentressangle (ND) has opened a strategic new distribution centre in Hounslow, West London (UK), to enhance network...
Container truckers tackle empty run problem In order to prevent empty truck runs, five large container trucking companies from the Rotterdam Rijnmond region (NL) have established the company Truck Load Match Rotter...
Russia submits a new proposal for a container decree Finland's minister of transport, Anu Vehvil'inen, has received a letter from her Russian counterpart, Igor Levitin, to inform her that the Russian Customs Services has redraft...
Maersk says farewell to its shipyards The Danish conglomerate A.P. Moller-Maersk recently announced that it will end its shipbuilding activities. Due to continuing heavy losses in its shipyard division, Maersk has now&...
Dockwise secures USD 27 million in near-term contract awards Bermuda-based Dockwise Ltd recently said that eight new near-term contracts have been awarded to its subsidiary, Dockwise Shipping. The agreements are for the transportation o...
London Thamesport gets operational boost The operational capability of London Thamesport (UK) will increase still further thanks to its placing an order for an eighth ship-to-shore gantry crane. The ultra post-p...
Toll Global Forwarding: Graham Ward succeeds Alan Brown Alan Brown, Toll Global Forwarding's UK ocean director, has retired after a distinguished 44-year career. Brown joined Turnbull Gibson, a subsidiary of Matheson & Company, in 1965,...
Progress with RFID tracking The US Air Force (USAF) has approved the use of Savi Technology's RFID asset tracking and security devices aboard all sizes and classifications of fixed-wing and rotary-wing aircra...
China Airlines suspends Taipei-Nashville service China Airlines has suspended its cargo service between Taipei (Taiwan) and Nashville TX (USA). The carrier operated a B747-400F on the route, six days a week, since 2001....
Search continues for Arctic Sea SEARCH continues for missing cargoship Arctic Sea after ransom demand made at the weekend
Sightings of vanished Russian ship wide of mark
Rickmers Maritime delays newbuildings deposit fee RICKMERS Maritime has delayed $20m payment for two boxships as it struggles to find $711m in finance.
DVB's Lunde warns of worse to come THINGS will be worse in the second half of the year, says Dagfinn Lunde.
Writedowns drag MPC Capital into the red GERMAN KG house posts a loss of €41m in the first half of 2009 due to significant writedowns on assets.
Arctic Sea hijackers demand ransom FINNISH police investigating the disappearance of the cargo ship Arctic Sea told AFP news agency today that a ransom demand had been received
Hapag owners agree capital boost HAPAG-Lloyd shareholders have agreed on a capital increase for the box giant, paving the way for government loan guarantees of up to €1.2Bn ($1.7Bn)
Mystery ship said 'sighted' MYSTERY continued today over the missing cargo ship Arctic Sea, including an unconfirmed report indicating that the vessel had been spotted near the Cape Verde islands
The last chance saloon for GRIs A deluge of general rate increases (GRIs) has swamped our news desks in the last few weeks as ocean carriers endeavour to convince their sceptical shareholders that they are doing everything possible to turnaround the ugly red mess of their H1 results.
HHLA still going strongly
Hutchison Ports sees H1 decline following cargo slump
New research ship to Estonia The Marine Systems Institute at Tallinn University of Technology has taken delivery of the research ship Salme SRC Laevateenindus. The university bought the previous fishing vessel partly financed by the
New Maersk Oil CEO The Maersk Oil CEO and partner in A. P. Møller, Thomas Thune Andersen, will retire from his position as from the end of August. Thomas Thune Andersen will be replaced
Heavy fines and pilot in jail after bridge collision The operator Fleet Management has in a plea deal with the US Department of Justice plead guilty to crime against environmental legislation and to have falsified documents after its vessel
Maersk Oil announces new CEO Thomasen to become executive board member of A.P. Møller-Maersk.
Technologically-advanced fleet consumes high rate of fuel Plans for conventional ships that are more fuel efficient.
Bunker markets react to collapsing oil price Suppliers jittery as week ends with surprise crude drop.
Fleet conversion will provide 30 percent fuel savings Harley Marine Services converts fleet to hybrid.
Q2 result lifts Aegean's share price Share price touches highest level in 10 months on Thursday.
Bunker prices end week firm in Europe Early crude gains give way to heavy losses on the NYMEX.
Biodiesel problematic in marine fuels Experts warn of growing contamination of regular marine fuels as well as problems with using pure biodiesel on ships.
Chinese bunker market 'to double by 2013' High prices temper Chinese fuel oil imports, but bunker market growth expected to keep fuel oil demand up.
Erratic bunker price movements in Asia Bunker market mostly quiet in Asia Friday.
Hapag-Lloyd shareholders agree on rescue deal The firm can now apply for '1.2 billion in German state aid.
Singapore July container throughput up 5.6% July throughput up from June, but sharply lower from same period last year.
Titan sells Titan Gemini at $17 million loss VLCC sold to a Thai firm; Titan to dispose more of its own fleet.
Hindustan to sell Mumbai MGO to bunker traders Move will 'significantly improve bonded MGO availability' at Mumbai port.
Sale of arrested ship pending purchase of bunkers onboard Company must pay for bunkers left onboard Global Container Lines ship.
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