Norway shipping body stresses ties with S'pore THE close maritime ties between Singapore and Norway were emphasised yesterday at the Sustainable Marine Transportation Conference 2009, where industry leaders shared their views on the challenges facing the industry.
Maersk aims to cut costs by additional US$1b Danish shipping and oil group AP Moller-Maersk plans to cut costs by US$1 billion this year in addition to cuts it has already announced, its chief executive said on Wednesday. 'The world has changed, and we have to adjust to the new global reality. We cannot go on doing business as we have done until now,' Nils S Andersen told the company's employee magazine, the Maersk Post.
LNG tanker rates fall on increase in vessels Charter rates for liquefied natural gas tankers on short-term hauls declined 17 per cent last year because of an increase in new vessels, Poten & Partners said.
Skylink Handling gains Tapa A status Skylink Handling Services Amsterdam was awarded Tapa A status by the Transported Asset Protection Association (Tapa) in February. The certificate shows that an organisation can tra...
Martinair Cargo offers new Amsterdam-Sao Paulo link Dutch cargo carrier Martinair Cargo launched a twice-weekly (Mondays and Thursdays) MD-11F service from Amsterdam to Sao Paulo early in March. The cargo is expected to consist of c...
Singapore Airlines Cargo with new Sao Paulo freighter service Singapore Airlines Cargo began a Sao Paulo, Quito and Bogota connection in February. The services are operated with Boeing B747-400 freighters. The flight departs Brussels on Satur...
Finnair raises frequency to New York Finland's flag carrier Finnair has added three additional flights between Helsinki and New York JFK from June to September, bringing the number of Finnair's weekly services on this...
Economic situation getting worse in German logistics industry The business mood in Germany's transport and logistics industry was characterised by the crashing economy and the expected effects of the increased truck toll in the fourth quarter...
Transnatur and Sifte Berti to collaborate Spanish transport and logistics group Transnatur has entered into an exclusive collaboration agreement in Spain and Portugal with transport and logistics service provider Sifte Ber...
Dachser expanding in Magdeburg The German logistics service provider Dachser is reacting to growing demand for logistics services in the Marburg region by investing EUR 6 million in the expansion of its Magdebur...
Mann+Hummel trusts in Ceva Logistics Ceva Logistics, a leading global supply chain management company, has renewed an aftermarket logistics contract with Mann+Hummel, one of the leading manufacturers of filtration and...
System Alliance Europe expanding in Lithuania System Alliance Europe recently welcomed its 48th partner to the network - Rhenus Svoris from Lithuania. Now the European groupage cooperation has a presence in 23 countries. Rhenu...
Regular container handling commences in Kiel Regular container handling began in Kiel in mid-March with the arrival from Riga on board the "Vera Rambow" of the first 100 teu in the port's Ostuferhafen. The service between Rig...
February cargo figure reflects slump The ongoing economic troubles were reflected in the port of Long Beach's docks in February, as the movement of cargo containers slowed by 40% to the lowest level since 2004. Port s...
Italy speeding up Tirrenia privatisation The Italian government has approved a decree to speed up the privatisation process of the ferry group Tirrenia. Credit Suisse will advise on the sale of the stake held indirectly b...
Appeals court rules on Rule B THE US 2nd Circuit Court of Appeals issued a game-changing decision today that should stem the tide of 'Rule B' asset attachments in New York
Builders warn on cruise gap EUROPEAN cruise yards fear their subcontractor networks could be seriously impacted if there is a lengthy gap in cruise newbuilding orders
German shipowner Kniffka dies GERMAN shipowner Harro Kniffka, founder of Bremen-based shipping companies Hanseatic Lloyd and Hansa Mare, died last Monday following a short but severe illness, it emerged today
TEN ready for challenges TSAKOS Energy Navigation logged record profits in 2008 and assured that it's well-positioned to ride out a weaker tanker market this year
Chinalco challenge for Rio chairman RIO TINTO'S newly-appointed chairman Jan Du Plessis is facing immediate problems with Chinalco's proposed $19.5Bn investment, after prominent Australian politicians ramped up public opposition to the deal
Excel in covenant squeeze BULKER owner Excel Maritime has been forced to delay its year-end earnings release as negotiations drag on with lenders over covenants
DP World takes over Algiers port DP WORLD has today taken control of operations at the Port of Algiers, which will now be known as DP World Djazair
Further cruise passenger growth in Europe expected According to statistics published by European Cruise Council at Seatrade Cruise Shipping Miami, the number of passengers joining a cruise from a European port has grown significantly in recent years
Bangladeshi scrap yards face closure The Bangladeshi High Court has decided that all shipbreaking yards without environmental approval must close within two weeks, the NGO Platform of Shipbreaking reports. According to the NGO, none of
Mærsk to reduce cost dramatically A. P. Møller-Mærsk will cut its costs by another USD 1 billion in 2009. This is the clear message from CEO Niels Smedegaard Andersen in the latest edition of
Study predicts future of bunker fuel Research gives 'insight into costs of meeting new ship emissions requirements'.
Europe: Prices continue to rise in the North Strikes fail to stop bunker deliveries in French oil port.
Cargo volumes plummet at key US ports Los Angeles and Long Beach cargo throughput down by more than 36%.
Owner braced for bunker spill compensation claims 'Categorically denies' accusations that it lied about the size of the spill.
New technology claims 'must be verified' Abatement technologies should be subject to 'high integrity validation process'.
Asia: Mixed day for bunker prices Demand was mostly average in the region on Thursday.
New head for O.W. Bunker's Piraeus-based trading team Staal is 'graduate' of O.W. Bunker's three-year training programme.
Singapore fuel oil stocks at four month-high Observers point to weak demand for bunker and power-generation fuel.
Tankers change flag for cheaper bunkers Lower domestic bunker prices prompt tankers to switch to Indonesian flags.
China offers Bunker Convention certs to HK ships The China Maritime Safety Administration will act as the issuing authority for Hong Kong-registered ships.
Hyundai signs $64 million fuel oil deal with ExxonMobil The South Korean refiner will supply high sulphur fuel oil to the US oil major.
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