Baltic Dry Index records biggest weekly fall in 3 months The Baltic Dry Index, a measure of shipping costs for commodities, posted its biggest weekly decline in three months on falling demand for iron-ore transporters.
Govt seizes Venezuela ports, airstrips Venezuela's government seized seaports and airstrips in at least four states last Saturday, a move that critics say is meant to limit the powers of mayors and governors opposed to President Hugo Chavez.
Dachser and Azkar stabilise partnership The German logistics service provider Dachser recently acquired a 10% stake in the Spanish logistics firm Azkar. They have already been collaborating for two years, and the family-...
Heinrich Ahlers new head of Buss Ports Heinrich Ahlers is moving to the Buss group's executive management team on 1 May, where he will take responsibility for the Buss Ports business unit. Ahlers has been with the Rhenu...
DB Schenker opens logistics centre in Vietnam Schenker Vietnam recently opened a flagship facility in Song Than Industrial Park I in Binh Duong province, close to Ho Chi Minh City. The USD 5.5 million investment, together with...
Ceva Logistics wins General Motors supply chain contract Ceva Logistics, a leading global supply chain management company, has said that its subsidiary AV Manufacturing (AVM) has consolidated its position as a supplier to General Motors'...
Austrian post office increases revenues The Austrian post office's results for 2008 showed that total revenues were 5.4% up, to EUR 2.4 billion. The operating result (ebit) rose by 4.1% to EUR 170 million. The parcels an...
Disruption in Venezuelan port industry Venezuela's president Hugo Chavez has ordered the nation's troops into the country's ports. Amongst other things this has prevented the planned investment by terminal operator DP W...
Intercontainer expanding network Intercontainer-Interfrigo, an unaccompanied intermodal transport operator headquartered in Basel, is expanding its range of products by enhancing services and adding new blocktrain...
Annette Jordan new head of SBB Cargo international business unit Annette Jordan, managing director of SBB Cargo Germany, will join the executive board of Switzerland's state-owned railfreight operator SBB Cargo on 1 April, and take charge of the...
Basel region Rhine ports to improve cooperation The Rhine ports of Basel (Switzerland), Mulhouse (France) and Weil (Germany) are planning to cooperate more closely under a new "RheinPorts" label. Capacity constraints are inevita...
Maersk adding Pipavav to Europe-South Asia service The Indian port of Pipavav is being added to Maersk Line's ME3 Europe-Middle East-South Asia service. The "Nedlloyd Drake" will be the first vessel in the line's ME3 service to cal...
New joint Far East-South America service Kawasaki Kisen Kaisha (K Line), Pacific International Lines (PIL), Nippon Yusen Kaisha (NYK) and Hyundai Merchant Marine (HMM) are launching a joint service between the Far East an...
Delta offering twice-weekly Tokyo service US carrier Delta Air Lines wants to serve Tokyo twice daily from Atlanta from 4 May, deploying a Boeing B747-400. This will be the first Jumbo Jet flight operated by Delta from Atl...
Singapore Airlines reducing flights Singapore Airlines is planning to cut more flights, deploy smaller aircraft and delete individual destinations. Flights to Amritsar (India) were discontinued in February, and the c...
Berlin's airports with new destinations Berlin's airports will offer 16 new destinations in Europe and Asia over the coming months. Middle East Airlines is adding Beirut, Germanwings will offer Bastia, Zadar, Pula, Dubro...
Hainan with new Moscow service Hainan Airlines launched a new service between Beijing and Moscow Sheremetyevo international airport on 19 March, offering three Airbus A330 flights a week on Tuesdays, Thursdays a...
DHL's Leipzig/Halle European hub performing below par Logistics service provider DHL is facing a stiff wind at its European airfreight hub at Leipzig/Halle airport in Germany, Eric Malitzke the head of DHL Hub Leipzig GmbH, has said -...
Attica launching new Superfast Crete-Piraeus ferry The Attica group is launching a new ferry service between Heraklion on Crete and Piraeus (both Greece). The high-speed ferry Superfast XII, built in 2002, will be deployed on the r...
Clouds loom over Thyssen yards A MAJOR restructuring plan announced by German steel and industrial group ThyssenKrupp is fuelling doubts over the future of the company's merchant shipbuilding activities
No issue with SGX, NOL clarifies IN a conciliatory statement to the Singapore Exchange, Neptune Orient Lines has clarified that it not taking any issue with the public reprimand by the Singapore Exchange
Greek bulker hijacked off Somalia PIRATES have seized a Greek bulker off the coast of Somalia, but an EU naval force spokesman told Fairplay that the ship was unescorted at the time
Appeals court rules on Rule B THE US 2nd Circuit Court of Appeals has issued a game-changing decision that should stem the tide of 'Rule B' asset attachments in New York
Eitzen strikes convenants deal EITZEN Chemical is the latest shipping company to reach an agreement with its banks to amend loan agreements
12 injured in Hong Kong collision TWELVE passengers were injured following a collision between a ferry and a reefer cargo vessel in Hong Kong waters early today in poor visability
Welsh port receives first LNG ship THE WELSH port of Milford Haven today received its first shipment of LNG from Qatar
Ro-pax vessels put for sale Finnlines will probably put five of their ro-pax vessels for sale. Rumours tell that the intention is to sell Finnsailor and Translubeca, but also Finnarrow, Transeuropa and Finntrader may
Indian liner service to Göteborg The Indian liner operator SCI will deploy two 4,500 TEU vessels on a new service between Göteborg and Nhava Sheva and Colombo. There will be a vessel calling once every
Port of Saaremaa not up to owner's expectations AS Tallinna Sadam (Port of Tallinn) is dissatisfied with the results posted by the Port of Saaremaa and is considering all options for reducing costs. Last year the Port of
The financial crisis increase STX Europe's risk exposure Due to the worldwide financial crisis STX Europe is more exposed to risks than before. In the board of directors' report for 2008 it is stated that the risk of
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