Daewoo Shipbuilding sale scrapped, says report Daewoo Shipbuilding & Marine Engineering Co's 6.3 trillion won (S$6.9 billion) sale to Hanwha Group was scrapped by Korea Development Bank, said a person familiar with the transaction.
China Merchants to slash capital spending China Merchants Holdings (International) Co, the investor in ports moving a third of China's containers, expects capital expenditure to fall as much as 50 per cent this year as trade wanes amid a global slowdown.
Mascalzone Latino wins Key West regatta Italian businessman Vincenzo Onorato raced Mascalzone Latino to a win and a second-place finish at the Acura Key West regatta on Tuesday.
Excel calls off deal to buy ship
Logistics
Likelihood of UPS-DHL deal in doubt UPS Inc's talks with DHL about carrying some of its air packages have gone into overtime, raising questions about whether a deal will ultimately be struck.
Daewoo Shipbuilding sale scrapped, says report Daewoo Shipbuilding & Marine Engineering Co's 6.3 trillion won (S$6.9 billion) sale to Hanwha Group was scrapped by Korea Development Bank, said a person familiar with the transaction.
China Merchants to slash capital spending China Merchants Holdings (International) Co, the investor in ports moving a third of China's containers, expects capital expenditure to fall as much as 50 per cent this year as trade wanes amid a global slowdown.
Mascalzone Latino wins Key West regatta Italian businessman Vincenzo Onorato raced Mascalzone Latino to a win and a second-place finish at the Acura Key West regatta on Tuesday.
Excel calls off deal to buy ship
Logistics
Likelihood of UPS-DHL deal in doubt UPS Inc's talks with DHL about carrying some of its air packages have gone into overtime, raising questions about whether a deal will ultimately be struck.
GPLN welcomes new member in Germany GPLN, the global project logistics network, recently welcomed the German service provider Westfracht Spezialverkehre International GmbH, as the newest member. The co...
BNSF relacing rails and ties in Texas Fort Worth TX (USA)-based US rail operator BNSF Railway Company recently dispatched four maintenance crews to replace rail and ties between Galveston and Temple, and Alvord and Rho...
Rail sector welcomes publication of "truth about trucks" study The European rail sector has welcomed the publication of the CE Delft study "Are trucks taking their toll?" which provides solid and unbiased scientific evidence on environmental, ...
Fly LAL terminates all services FlyLAL - Lithuanian Airlines surprisingly ceased operations on 17 January for financial reasons. A report on the airline's website said that the promised investments from Swiss Cap...
Air France Cargo suspends flights to Guangzhou The French freight only airline Air France Cargo has terminated all freighter flights between Europe and Guangzhou (China) with immediate effect. The move is due to poor load facto...
GAC Group opens new office in France The Dubai (UAE)-based global logistics group GAC opened a logistics business development office in Lille (France) this month (January). The facility is run by European ke...
Dachser relocates Nuremberg logistics centre The German service provider Dachser relocated its Nuremberg logistics centre to Thomas-Dachser-Strasse 4 at the end of December 2008. The company said that its facility on a 1...
Honold building in Augsburg Honold, a German logistics group, recently held a ground-breaking ceremony for a 8,500 sqm handling and logistics platform, with 90 truck docks, and 1,600 sqm of office space. The ...
Grimaldi goes low cost on its new links The Grimaldi Group of Naples (Italy) has just announced that it will open nine new Motorway of the Sea links for passengers and cargo. The new low cost offer will deploy the c...
Iberia Cargo increases services to the Canaries The Spanish freight airline Iberia Cargo is increasing cargo capacity by 33% on routes to/from the Canary islands this year. Iberia plans to carry out 1,025 flights with Airbu...
Transhipping Air Cargo one year in Bilbao The Spanish Iata cargo agent Transhipping Air Cargo recently celebrated the first aniversary of its office in Bilbao (ES). The latter is managed by Begonia Garin. The company, whic...
Port of Kiel: cargo volume dips The port of Kiel (Germany) has further consolidated its position as Germany's most popular cruise shipping port and posted a big increase in passenger totals, a spokesperson said. ...
Elite Transport Services Ltd chooses 'TOPS...on the go' from Fargo Systems Elite Transport Services Ltd, the UK container transport company, recently committed to rolling out the 'TOPS...on the go' mobile telematics solution from Fargo Systems as part ...
Rhenus opens multimodel container terminal in Moscow The Rhenus group, headquartered in Holzwickede (DE), is developing its logistics activities in Russia. Rhenus reported that it phased in a multimodal container terminal in Yuzhniy ...
BigLift expands the heavy lift fleet Amsterdam (Netherlands)-based BigLift Shipping will put five more heavylift vessels into service in 2010. The "D-4" class ships will be delivered by the Oukra yard in China from mi...
Carlsberg switches to Jungheinrich The British-based brewer Carlsberg is upgrading the materials handling equipment fleet throughout its UK distribution operation with products from the Jungheinrich range. Carlsberg...
CSCL forecasts 50% profit plunge CHINA Shipping Container Lines warned of more than a 50% drop in profit in 2008.
PIL and Wan Hai cut transpacific service
EP Carriers faces legal claims, vessel arrests CLAIMS for $3.9m have been filed against struggling Singapore container line EP Carriers and three of its four vessels have been arrested.
Kyoto 2 to include ship emissions THE EC will propose next week that measures to cut air pollution from ships will be included in the successor to the Kyoto Convention on climate change, sources in Brussels said today
Obama targets tanker imports US President Barack Obama wants to "eliminate current imports from the Middle East and Venezuela within 10 years", according to the new energy policy released upon his inauguration
Antwerp posts recession-proof 2008 ANTWERP sustained its port throughput growth in 2008 despite the global economic downturn in the last quarter
Scrapyards feast on recession DEMOLITION statistics today revealed a global rise of 32% for ship disposals this year up to 20 January, compared with the same period of last year
Matson slashes jobs, freezes wages MATSON Navigation will slash 60 non-union jobs and is freezing some pay raises
Nordcapital bucks equity trend NORDCAPITAL Holding said today it had record equity placings last year, thus bucking the sector's general downward trend
Nigerians seize man, dynamite ship A ROMANIAN seafarer was kidnapped today in an attack on a chemical tanker off Nigeria
Sole look-out on Mirabelle when she grounded The timber-laden 3,650-DWT Mirabelle, built in 1985, which grounded on Friday last week in the Hardanger Fjord in Norway, broke against international regulations as the vessel had only one officer on watch on the bridge at the time ...
Broström to 96 per cent Danish A.P. Møller-Mærsk now controls 96.2 per cent of the capital and 97.6 per cent of the votes in the Swedish tanker owner/operator Broström. The acceptance period for the SEK 57 per share offer to those shareholders ...
Novoship takes delivery of ten tankers JSC Novorossiysk Shipping Company (Novoship) will take delivery of ten large tankers during 2009, reports SeaNews.ru. Hyundai Heavy Industries in South Korea is building a series of four 112,000-DWT aframax products carriers and six 156,000 suezmax tankers are under ...
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