DP World sees little sign of volume recovery Dubai-based port operator DP World said yesterday that there was no end in sight to a fall-off in activity caused by the global downturn, after reporting an 8 per cent drop in trade volumes in the first two months of 2009.
Bulk shipping rates seen stagnating Rates to ship commodities such as iron ore that have more than doubled this year may stagnate until the middle of May, Greek shipping line Hellenic Carriers said.
Logistics
Alaska warming to Exxon slowly Twenty years ago, when crude oil was gushing out of the wrecked Exxon Valdez supertanker and Prince William Sound was being blackened by what would become the nation's worst tanker spill, oil giant Exxon Corp was vilified in Alaska.
FedEx may pull Boeing orders if union law changes FedEx Corp, the second-largest US package-shipping company, said that it may not buy 30 more Boeing 777 freighters should federal law be changed to make it easier for its employees to join a union.
TUI posts loss on merger costs, ups savings forecast TUI AG, the German owner of Europe's largest travel company, reported a full-year loss on costs to integrate its purchase of First Choice Holidays plc and raised its forecast for savings from the deal.
DP World sees little sign of volume recovery Dubai-based port operator DP World said yesterday that there was no end in sight to a fall-off in activity caused by the global downturn, after reporting an 8 per cent drop in trade volumes in the first two months of 2009.
Bulk shipping rates seen stagnating Rates to ship commodities such as iron ore that have more than doubled this year may stagnate until the middle of May, Greek shipping line Hellenic Carriers said.
Logistics
Alaska warming to Exxon slowly Twenty years ago, when crude oil was gushing out of the wrecked Exxon Valdez supertanker and Prince William Sound was being blackened by what would become the nation's worst tanker spill, oil giant Exxon Corp was vilified in Alaska.
FedEx may pull Boeing orders if union law changes FedEx Corp, the second-largest US package-shipping company, said that it may not buy 30 more Boeing 777 freighters should federal law be changed to make it easier for its employees to join a union.
TUI posts loss on merger costs, ups savings forecast TUI AG, the German owner of Europe's largest travel company, reported a full-year loss on costs to integrate its purchase of First Choice Holidays plc and raised its forecast for savings from the deal.
Athens sea-air project back in business The ability to act quickly and efficiently has resulted in new and valuable shipments for the Athens sea-air project. Aktis Shipping and Forwarding, a leading player in ocean freig...
Benghazi in RJ route network as of 1 June On 1 June, Royal Jordanian (RJ) will start operating a direct, regular, twice-weekly service between Amman (Jordan) and the Libyan city of Benghazi. It thus puts the destination ba...
European Commission proposes easing of EU-Switzerland customs regime The European Commission has presented a proposal that would that would extend the scope of the 1990 customs agreement between the EU and Switzerland. This would bring the pact in l...
BLS AG: Rudolf St'mpfli to succeed Hans Lauri as board chairman Dr Hans Lauri, the chairman of the board of the Swiss rail service provider BLS AG, is resigning. Lauri has led the BLS executive board since June 2002. The railway board's designa...
Intercontainer implements managerial changes The combined transport operator Intercontainer-Interfrigo SA, based in Basel (Switzerland), has been given a new management team. At a recent meeting Interfrigo's board of dir...
Qatar Airways operating more flights to Muscat The Arabian carrier Qatar Airways is set to provide more flights to Muscat. With effect from 29 March, the airline will boost its connections from 15 to 21 per week ...
Continental to inaugurate non-stop New York-Shanghai service Today (25 March), Continental Airlines is inaugurating a scheduled daily non-stop service with a B777-200 from the airline's hub at Newark Liberty international...
Etihad Crystal Cargo augments African network Etihad Crystal Cargo, a division of Etihad Airways, will now operate its A300-600 freighter aircraft between Abu Dhabi (UAE) and Nairobi (Kenya) twice a week, following a new inter...
World economy leaves mark on Marseilles Fos Marseilles Fos, the leading French cargo port, reported that its throughput in January and February 2008 fell by 21% compared with the first two months last year, as the global rec...
London Thamesport welcomes new SAECS service London Thamesport has welcomed the return of the SAECS intermediate service. This is to be followed a new reefer express Service, also operated by the South Africa Europe Container...
Hamburg S'd holds naming ceremony for vessel in Argentina The German shipping company Hamburg S'd recently held a ship naming ceremony in Buenos Aires (Argentina). The ship, which was given the name "Monte Alegre", is the ninth in a serie...
New route to Umm Qasr Tuscor Lloyds UK Ltd, the UK-based NVOCC and freight forwarder, has reported that its new route to Umm Qasr (Iraq) is highly successful. Having found a niche in the market, Tu...
Dryships in billion-dollar loss DRYSHIPS has posted a billion dollar loss in its fourth quarter results
Private has edge over public PRIVATE shipping companies appear better equipped to handle the downturn than public firms, with smaller public entities in the weakest position
DP World posts strong results TERMINAL operator DP World today posted strong yearly results, but warned of a challenging year ahead
MPC Capital defers placings LISTED KG house MPC Capital has been able to postpone a number of equity placings for ships after negotiating delivery delays with the shipyards
Hapag seeks cost reduction GERMAN container line Hapag-Lloyd has launched a '365M ($492M) cost cutting plan, according to former parent group TUI
Russian shippers looking abroad LACK OF port capacity and corruption in Russia is forcing the country's shippers to do business elsewhere, British consul general for Russia William Elliott told Fairplay today at a London Ports and Terminals Groups meeting
Owners up ante for loan repairs THE looming question ahead for bankers is whether shipowners who earned billions during the boom will continue to pay up to repair existing loans
New information on arrest of Hebei Spirit officers The master and the chief officer of Hebei Spirit were not arrested for having caused the situation when a crane barge hit the tanker resulting in the worst ever oil
EU demands IACS to open up The EU Commission has ordered the International Association of Classification Societies, IACS, to amend its membership criteria, chairman Kong-Gyun Oh told a conference in USA, Lloyd's List reports. He
Billion dollar quarterly loss for DryShips Nasdaq-listed DryShips reports a Q4 2008 loss of just above USD 1 billion. Impairment of goodwill from the acquisition of Ocean Rig amounted to USD 700 million. A revaluation
J Lauritzen reports satisfying result J. Lauritzen A/S came out of 2008 with a satisfying result of USD 154.7 million (USD 347.1 million in 2007). It was a 50 per cent dive
Erria A/S logs huge loss in 2008 Erria A/S reports a DKK 38.2 million deficit in 2008 against a profit of DKK 7.8 million in 2007. The deficit is much due to the fourth
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