Marine & offshore industry excels THE marine and offshore industry had a stellar year riding the global oil and gas industry boom in 2008, with total output rising to a record $15.4 billion, 18 per cent higher than the $13.05 billion the previous year.
Cutting costs may do more harm than good: DNV AT a time of when many shipowners and operators are desperately cutting costs to stay above water, DNV has warned that some of those measures could turn out to be counter-productive in the long run.
Technological challenges in the Arctic THE Arctic holds significant undiscovered oil and gas reserves, 13 per cent and 30 per cent respectively according to the US Geological Survey; Circum-Arctic Resource Appraisal, 2008.
Strait Talk
Voyage back to good times will be long THERE may be tentative talk of a recovery from the global downturn, but for shipping, it is likely to be a long haul back to the good times.
Marine & offshore industry excels THE marine and offshore industry had a stellar year riding the global oil and gas industry boom in 2008, with total output rising to a record $15.4 billion, 18 per cent higher than the $13.05 billion the previous year.
Cutting costs may do more harm than good: DNV AT a time of when many shipowners and operators are desperately cutting costs to stay above water, DNV has warned that some of those measures could turn out to be counter-productive in the long run.
Technological challenges in the Arctic THE Arctic holds significant undiscovered oil and gas reserves, 13 per cent and 30 per cent respectively according to the US Geological Survey; Circum-Arctic Resource Appraisal, 2008.
Strait Talk
Voyage back to good times will be long THERE may be tentative talk of a recovery from the global downturn, but for shipping, it is likely to be a long haul back to the good times.
Stobart Group reports good results for 2008 The UK-based transport and logistics service provider Stobart Group has reported a pre-tax profit of GBP 23.9 million on sales of GBP 431.1 million, following a string of acquisiti...
Ceva Logistics wins new contract in Turkey Logistics and supply chain specialist Ceva Logistics has signed a three-year EUR 3 million agreement with Danone Tikvesli in Turkey. Ceva Logistics will supply various services, in...
Hamburg Süd upgrades UCLA service and launches new intra-Caribbean sling Hamburg Süd and Aliança are upgrading their UCLA service that plies the trade between the South America east coast, the Caribbean, Central America and the US Gulf at...
Normal gauge tracks going east The Ukrainian government has accepted a plan to build a standard European gauge rail link from Lviv (Ukraine) to Przemysl (Poland). The 85 km stretch of track is estimated to ...
Continental announces Houston-Rio schedule The US carrier Continental Airlines will launch daily nonstop B767-200 flights between its Houston TX (USA) hub at Bush intercontinental airport and Rio de Janeiro (Brazi...
Dockwise secures USD 63 million in near-and longer term contract awards Dockwise Ltd, headquartered in Bermuda, has announced that eleven near-and longer term contracts have been awarded to its subsidiary, Dockwise Shipping. The deals are for the trans...
Klaipedos Smelte plans to build a container hub The international terminal operator Terminal Investment Ltd, which became the main owner of the Lithuanian handling firm Klaipedos Smelte last autumn, recently presented its p...
AirBridgeCargo focuses on Sheremetyevo airport AirBridgeCargo concentrated most of its flights on Moscow Sheremetyevo international airport in May. Sheremetyevo handled 100 t of cargo in one and a half hours. The airport handle...
Finnair deploys A330 to Delhi The third of five additional Airbus A330s for Finnair's fleet started serving New Delhi (India) in mid-May. Two more A330s will be delivered in June and November this year.
BAWC reports increased commercial revenue British Airways World Cargo (BAWC) reported commercial revenue (flown revenue plus fuel surcharges) of GBP 673 million for the full year beginning April 2008, a 9.4% increase again...
Hunziker new boss of Lufthansa Cargo Charter Swiss national Reto Hunziker has been appointed the new managing director of Lufthansa Cargo Charter, with effect from 1 August. He will be leaving his current position as executiv...
CryoPort and FedEx link up to provide frozen shipping services CryoPort Systems Inc and FedEx Express have signed an agreement to provide a frozen shipment solution for the life science industry. The CryoPort Express Shipper allows for product...
Air Berlin to fly to Israel Air Berlin, Germany's second-largest airline, is to fly from Berlin Tegel to Tel Aviv for the first time this summer, operating a twice weekly service from 7 July. Israel and Germa...
Routes Europe - a most successful event Nearly 650 of Europe's key decision makers involved in route development recently joined forces in Prague (Czechia) to explore business opportunities and meet with fellow ind...
Box lines "face $10bn global loss this year" MOL boss says first quarter results from the world's largest carriers showed total losses of around $2.6bn.
Andersen warns of box line failures
Crisis could see Asia become world's dominant maritime force GLOBAL shipping meltdown could be seen as shift to Asian domination of the sector, concludes ship finance forum.
NileDutch and NYK team up in new service NILEDUTCH is taking advantage of record low charter rates to secure ships for an Asia-West Africa service.
Drewry sees tanker sorrows THE TANKER sector will remain weak through mid-2011, Drewry Shipping Consultants predicted today in its quarterly Tanker Forecaster
LNG movement data revealed A NEW TRADING tool for analysis of global LNG movements, LNGLive, has been unveiled by Lloyd's Register-Fairplay and the energy trading software company Innovez
French order spill deposit A REEFER ship's owner was today ordered to pay a €300,000 ($417,316) security deposit in connection with the dumping of vast quantities of oil off the French coast
Pirates taken in double arrest SEVEN Somali suspects believed to have fired rocket-propelled grenades and small arms on a Greek bulk carrier were captured in the Gulf of Aden early today
US antitrust allegations mount FRESH revelations have emerged on the possible involvement of upper-echelon executives in allegations of price fixing in the US box trade
Stuck with pay-the-pirate SHIPPING has no option but to pay ransom to pirates, despite efforts by the US to stop such payments, a London seminar heard today
Eidsiva reverses out of 1Q NORWAY'S ro-ro and car carrier group Eidsiva Rederi, which slipped into the red in this year's first quarter, is not optimistic about the rest of the year
Swedish unit captured pirates Early this morning, suspected pirates attacked the Greek flagged bulk carrier M/V Antonis in the Gulf of Aden. The pirates fired upon the ship with small arms and rocket
Huge loss for Gard despite good return on premiums Norwegian Gard has reported northbound as well as southbound results for the 2008 financial year. The club's combined ratio (claims costs in relation to written premiums) was 78 per cent
Unifeeder's best year ever Unifeeder A/S made their best profit ever in 2008, DKK 540 million. That is double the figure 2007, when the profit was DKK 250 million. The profit in 2008
D/S Norden with higher revenue than expected D/S Norden took the analysts by surprise with its presentation of its Q1 report. Revenues were much higher than expected for the period, although dramatically lower compared with the
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