Local firm paves way to cleaner vessel emissions When it comes to greenhouse gas emissions, the shipping industry is neither lean nor green. Ships carry about 90 per cent of global trade, and until recently, such has been the demand for coal, cars and electronics, that there has been little concerted effort to rein in the growth of polluting emissions from ships.
Baltic Dry Index hits two-week low The Baltic Dry Index, a measure of shipping costs for commodities, fell to the lowest in more than two weeks as rates for grain and iron-ore transporters dropped.
FedEx ground volumes may reflect bottoming FedEx Corp, which handles about one-third of packages shipped in the US, may say today that overseas express deliveries plunged while stabilising freight and ground volumes suggest the country's economy may be bottoming.
DHL wants to invest in Sri Lanka DHL recently announced that it plans to invest USD 8 million in Sri Lanka over a three-year period. The investment will go towards a joint venture with Capitol AEI, called DHL Glob...
New Zealand opens "pure clean green" temperature-controlled freight hub A new standard in temperature-controlled international freight-forwarding and logistics hubs has been officially opened by Hellmann Worldwide Logistics in the New Zealand city of C...
Lehnkering constructing new hazmat warehouse in Rotterdam The logistics service provider Lehnkering signed the contract for the construction of a new warehouse for hazardous goods in Rotterdam at the end of February. This represents a new...
Vopak announces changes to supervisory board Rotterdam-based Vopak has announced that Mr R.M.F. van Loon, member of the supervisory board, has resigned because of health reasons. Vopak's supervisory and executive boards are v...
Global Maritime Agency launches new service module Global Maritime Agency is adding a new service module known as Global Logistics to its portfolio. The module takes the shape of a 7,500 sqm new covered storage installati...
Port of Helsinki recognises the "Celebrity Constellation" The port of Helsinki (FI) has given its "Green Attitude recognition" to the cruise ship "Celebrity Constellation". The latter has been discharging its wastewater into the Hels...
NYK's "Izumi" makes maiden call at port of Hamburg The multi-purpose ship "Izumi", operated by the NYK Hinode Line, recently made its maiden call at the port of Hamburg. The vessel, which is suitable for transporting project cargo,...
Leonhard Imhof AG bankrupt The Swiss forwarding company Leonhard Imhof Spedition & Lagerhaus AG, based in Aesch, has fallen behind in paying its Swiss heavy vehicle fees. Banks are no longer willing to provi...
Excel Maritime delays results pending bank talks DRY bulk operator holds off releasing its 2008 financial results as it battles to nail down agreements with banks.
Excel keeps tight-lipped as Molaris quits as chief
Patrick eyes staff reductions NEGOTIATIONS underway with the MUA on voluntary redundancies to the tune of around 100 jobs.
Lay-up rate hits year low THE NUMBER of ships entering lay-up has fallen to its lowest rate this year, according to figures from AXS Alphaliner released today
STX Europe warns on defaults SHIP BUILDER STX Europe has warned that its customers are at risk of defaulting on payments due to the recession
Japan orders plunge JAPANESE shipbuilders received just five orders for export ships in February, the lowest for 10 years
Korea's SNC goes bust KOREA'S SNC Shipbuilding has gone bankrupt, according to reports coming out of Gwangyang city
Singapore Exchange raps NOL THE SINGAPORE Exchange has reprimanded Neptune Orient Lines for not "sufficiently addressing' market rumours
Gazprom slashes gas exports RUSSIA'S Gazprom has slashed gas exports to its principal European customers, and the government is suggesting that the company may be ordered to cut spending on its new offshore oil and gas field projects in the Barents Sea
NZ shelves shipping fund NEW ZEALAND'S government today confirmed that spending commitments made by the previous Labour administration to coastal shipping would be upheld, but no further funds would be made available
Cheap Swedish ice winter 2007/08 The 2008/2009 ice season was an extremely easy one with the lowest ice extent since the beginning of the 20th century. Only 49,000 km2 of the Baltic was covered Read more
SRAB cancels tanker trio to massive loss Stockholm based ship owner SRAB reports a SEK 32 million loss when cancelling the order of three 8,400-DWT tanker newbuildings at Eregli Shipyard in Turkey. The cancelling means that Read more
German shipbuilders face cancellation wave According to the German Economy Ministry, German shipbuilders face order cancellations worth as much as EUR 936 million in 2009, in 2008 the shipbuilders received cancellations worth EUR 730 million
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