Carnival reports 48% profit fall for Q4 Carnival Corp & plc, the world's largest cruise ship operator, reported a 48 per cent drop in quarterly profit last Friday because of lower ticket prices, and shares fell 3 per cent as it forecast profit for the current quarter below Wall Street estimates.
Baltic Dry Index declines for a 10th consecutive day The Baltic Dry Index, a measure of shipping costs for commodities, fell for a 10th consecutive day, the longest losing streak since September, because of a lack of cargoes.
BLG doubles number of cars it handles for Mitsubishi Mitsubishi Europe recently contracted BLG Autotransporte, BLG's vehicle transportation division, to distribute all vehicles from its Dutch production plant in Born to German dealer...
Norma extends contract with DSV Norma, a leading German manufacturer of plastic or metal connecting and fastening parts, has extended its collaboration in Germany with the Danish freight forwarding and logistics ...
Fiege wins Media-Saturn Holding distribution contract The German logistics service provider Fiege has assumed the task of distributing electrical and electronic articles for the Media-Saturn Holding, assuming e-commerce logistics hand...
Logwin starts operations in Switzerland for BMW The logistics services provider Logwin now also operates in Switzerland, having started services for the car manufacturer BMW. Logwin has been running BMW's dealer metro distributi...
MAN acquires majority stake in Euro-Leasing The Munich-based German lorry manufacturer MAN has acquired a majority stake in truck rental operator Euro-Leasing. MAN's stake has risen from 25.1% to 50.1% in the wake of a capit...
DB Schenker Romtrans sets up network in Romania DB Schenker Romtrans has set up an LTL network in Romania based on European industrial standards. Shipments are now handled through a new central hub in Brasov. The project got off...
SBB Cargo rejected by DB and SNCF The Swiss state-owned railway company SBB's plans to strengthen its freight division SBB Cargo by selling a stake to a European competitor have come off the rails. Negotiations wit...
Cargologic Freight Services and Cargologic to merge Cargologic Freight Services (CFS) and Cargologic are set to merge on 1 January 2010, with the aim of simplifying and concentrating services and improving efficiency. CFS, founded t...
Banks throw CMA CGM lifeline BANKS have agreed to provide CMA CGM with a credit line of $500M, a move that the French Line said today said was the first step in its debt restructuring
Statoil fined over $4.2M spill NORWAY'S Statoil was today fined 25M Norwegian kroner ($4.2M) for an oil leak on one of its platforms in the North Sea
Somali pirates free Greek ship SOMALI pirates have released a Greek cargo ship and its 21 crew after 43 days of captivity, according to the owner
Carnival tops forecast CARNIVAL Corp posted better results than expected today, citing stronger onboard spending and lower operating costs
Many missing in Med sinking RESCUERS are today searching for survivors from a cargo ship that sank off Lebanon with 83 passengers and crew aboard
2009: an annus horribilis for ocean carriers The noughties started with fears about the Millennium Bug and finished with climate change concerns. Notwithstanding the devastation of the September 11, 2001, World Trade Center atrocity momentarily denting globalisation; for ocean carriers, the decade was largely composed of annus mirabilis [wonderful years] - but there was a poisonous sting in the tail of its final year.
Damco wants more reefer traffic
Obama arrives to save COP15
APM T Apapa working to resolve issues
Messina sticks with ro-ros
MCS singled out by large US department store chain
Cargo vessel sank off Lebanon - 50 persons missing The Panama-flagged cargo vessel Danny F II carrying 83 passengers and crew members sank off Lebanon in heavy weather yesterday afternoon, international media reports. At least 25 survivors from
EU backs on sulphur-rule The EU Commission will recommend the EU member states to show "flexibility" in their implementation of the upcoming obligation for ships at berth and anchor at EU ports to use
Superfast V sold The Greek shipowner Attica Holdings S.A. has announced that it has sold the ropax-ferry Superfast V to the French company Bretagne Angleterre Irlande S.A. (Brittany Ferries) for EUR 81
Experts give advice on offshore in Barents Sea The Barents 2020 cooperation project has now been concluded. The project, involving some 100 Norwegian and Russian experts, is on safeguarding petroleum activities in the Barents Sea. At a conference
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