Boat Asia show features 18% more vessels Marina at Keppel Bay's partnership with Boat Asia show organiser TMX Show Productions has proved to be a successful one, with the major regional boat show returning to the prime waterfront venue for the second year in a row.
China Cosco to delay ship orders after H2 loss China Cosco, the world's largest dry bulk shipper, posted a bigger-than-expected second-half loss and said it was in talks to delay or cancel some new ship orders to help weather the market downturn.
Deutsche Post DHL shed some feathers in 2008 Deutsche Post DHL AG, one of Europe's leading mail carriers, presented its definite (i.e. consolidated) results for fiscal 2008 at its recent annual general meeting....
Zufall Logistics Group bucked the trend by boosting turnover in 2008 Germany's Zufall Logistics Group was able to grow its turnover in financial 2008 by 3.9% to EUR 241.6 million, despite the looming global economic downturn. The medium sized forwar...
Geodis Germany moves to LogPark Hamburg Geodis Logistics has selected LogPark Hamburg (Germany) as the location of its new distribution centre for northern Europe. Geodis Logistics Germany, a subsidiary of the French rai...
DSV's Harwich and Immingham sites achieve ISO 14001 accreditation DSV, a global supplier of transport and logistics solutions, has publicized its commitment to reducing its environmental impact by achieving ISO 14001 accreditation for its Ha...
Prices for intermodal transport services under increasing pressure too A conference entitled 'Price management in intermodal transport', which was held at the St Gallen University (Switzerland), revealed that "the current market situation is having an...
MSC storms back into boxship charter market CHAIRMAN Gianluigi Aponte takes full advantage of depressed market conditions to charter large boxships at record low rates.
MSC boosts market with post-panamax fixtures spree
Monthly Asia car carrier sailings plunge in March DRASTIC falls of up to 45% emerge for Asia and US car makers in first quarter data.
Cantor Fitzgerald cuts tanker freight rate forecasts BANK lowers rate predictions for every segment of the tanker market and forecasts that asset values will drop as well.
Koreans overturn Hebei ruling SOUTH Korea's supreme court today overturned the sentences and fines handed down to the Hebei Spirit's crew but refused to exonerate the men, who have been in jail for more than a year
Tanker stocks graded down CANTOR Fitzgerald analyst Natasha Boyden cut her ratings on a list tanker stocks today in reaction to a worsening outlook on fundamentals
Fortescue deal advances in Beijing CHINESE regulators have formally approved Hunan Valin Iron & Steel's deal to take a 17.33% shareholding in Fortescue Metals of Australia
Sietas locks horns with unions MANAGEMENT at Germany's JJ Sietas Shipyard is pressing for a reduction of its 880-strong shipbuilding workforce by one-third under a rescue plan for the group
Lifeline for Spanish yards MADRID today approved a €200M ($261M) credit line for small and medium-sized private yards to ensure that current orders are completed
Seoul unveils $3Bn shipping fund SOUTH Korea plans a government fund to acquire vessels from struggling companies as part of efforts to help industries buffeted by the global recession
RCCL expects 'annus horribilis' ROYAL Caribbean Cruises chairman Richard Fain affirmed today that vessels will be shifted to better-performing markets, implying a future upside for Caribbean ports
Boom for officer education applications in Sweden Interest in maritime officer education has reached record levels in Sweden, with far more applicants than available study places. For this year's course start, the Kalmar Maritime Academy has received
Russia sentences New Star captain The captain of the Chinese-owned freight vessel New Star, the indonesian citizen Nazvir Adi, has been sentenced to three months in prison for border violation, by a Russian court
Only sea transport increasing in Russia In Russia, all types of transportation are decreasing with the exception of sea transport, which is bucking the trend and increasing. All the different modes of transport transported a total
Mærsk hit by piracy on the Internet A. P. Møller-Mærsk has been hit by an internet fraud. A false Mærsk website has been offering jobs in the A. P. Møller-Mærsk Group, especially in India, if
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