China Merchants H1 gain up 12% at HK$1.93b China Merchants Holdings (International) Co, an investor in ports moving about a third of the country's containers, has said that first-half profit rose 12 per cent as gains in global trade lifted cargo traffic.
China Merchants, Spence to build Colombo terminal China Merchants Holdings (International) Co and Aitken Spence & Co have won a contract to build a new terminal in Sri Lanka's Colombo port, the head of the island nation's ports authority said.
Vinashin's new boss suspended The new boss of one of Vietnam's largest state-owned companies has been suspended less than a month after the chairman of the debt-laden ship-building conglomerate was arrested on charges of mismanagement, a company spokeswoman said yesterday.
Strait Talk
Peace in our time? A FEW weeks ago, I mentioned that the man behind the Shipper's Voice website, Andrew Traill, is always good value for his opinions. I invariably disagree with them - but it's good to see the other side of the argument, especially when put cogently and colourfully, as is the case with Dr Traill.
China Merchants H1 gain up 12% at HK$1.93b China Merchants Holdings (International) Co, an investor in ports moving about a third of the country's containers, has said that first-half profit rose 12 per cent as gains in global trade lifted cargo traffic.
China Merchants, Spence to build Colombo terminal China Merchants Holdings (International) Co and Aitken Spence & Co have won a contract to build a new terminal in Sri Lanka's Colombo port, the head of the island nation's ports authority said.
Vinashin's new boss suspended The new boss of one of Vietnam's largest state-owned companies has been suspended less than a month after the chairman of the debt-laden ship-building conglomerate was arrested on charges of mismanagement, a company spokeswoman said yesterday.
Strait Talk
Peace in our time? A FEW weeks ago, I mentioned that the man behind the Shipper's Voice website, Andrew Traill, is always good value for his opinions. I invariably disagree with them - but it's good to see the other side of the argument, especially when put cogently and colourfully, as is the case with Dr Traill.
Vopak posts promising interim figures The Dutch tank farm operator and logistics service provider Vopak, headquartered in Rotterdam, boosted its H1/2010 turnover to EUR 543.9 million, 11% more than the EUR 492.1 millio...
Rui Star Trading chooses Ceva Logistics in South Africa Supply Chain Management and logistics service provider Ceva Logistics, one of the world's leading supply chain companies, has signed a new contract worth ZAR 14 million per annum&n...
Toll Group reports higher profit in last fiscal year Australia-based Toll Group, one of Asia's leading transport and logistics providers, reported a net profit after tax, but before nonrecurring items, of USD 292.9 million in th...
Mexicana disappeared from the skies The Mexican carrier Mexicana indefinitely suspended all flights by 12 noon on 28 August, after its financial situation had rapidly deteriorated. Grupo Mexicana, which operates flag...
United and Continental merger currently expected to close by 1 October The US carriers United Airlines and Continental Airlines announced that they have been notified by the antitrust division of the US Department of Justice (DOJ) of the terminat...
Iata: air transport demand shows slower growth but still above trend The International Air Transport Association (Iata) reported that the 22.7% growth in freight markets in July was a little slower than June but still very strong, despite ...
100th mega containership calls at Rotterdam The "Evelyn Maersk", operated by the Danish shipping company Maersk, sailed into the Dutch port of Rotterdam on 26 August. It was the 100th ultra large container car...
Ulusoy Sealines plans to develop ports in Çesme The shipping company Ulusoy Deniz Yollari has announced that it wants to expand the existing port facilities in Çesme/Izmir (Turkey), so that they can be used as a berth ...
Successful handling of heavy-lift equipment at St Petersburg The employees of the First Stevedoring Company (part of the Sea Port of Saint Petersburg group of companies) together with the specialists of PLC 'Universal Forwarder' successfully...
ECUS ports brace for hurricane US EAST Coast ports are keeping close tabs today on Hurricane Earl, with some forecasters warning that the Category 4 storm could smash into the Carolinas later this week
Six sought after VLCC collision SEARCHERS are looking today for six seafarers missing since a French VLCC collided with a Chinese general cargo ship off Zhejiang Province
Typhoon rips into Okinawa TYPHOON Kompasu disrupted shipping today in Okinawa and is likely to close an oil refinery
LD Lines ferry holed LD LINES was forced today to operate its Le Havre-Portsmouth ferry service with a smaller, slower vessel after damage to its fast ferry Norman Arrow
Brazil builder wins loopholes LLX LOGISTICA, Brazil's port builder and operator, has been granted about 70M reais ($39.9M) of tax exemptions by the government to buy equipment for a new iron-ore terminal near Rio de Janeiro
Searchers seek 37 migrants SPANISH rescuers are searching today for 37 migrants whose boat capsized in the Mediterranean
Tan-Drydocks World suit quashed A LAWSUIT by Drydocks World of Dubai in connection with a $1.8Bn takeover deal has reportedly been quashed in Singapore
Wallenius examines LNG operation LNG GOT AB and Wallenius Marine AB have entered a strategic partnership to examine possibilities for LNG as a fuel in existing vessels and newbuildings in the Wallenius fleet. The
Tarbit converts Bit Viking to LNG Swedish Tarbit Shipping has decided to convert their 25.000 DWT product tanker Bit Viking to run on LNG. Both six cylinder Wärtsilä 46 HFO main engines will be converted
Lauritzen bulker seized by pirates The Danish owned handysize bulk carrier Ideal Bulker was held by pirates in the Indian Ocean for a short while until the crew managed to regain control of the vessel
Responding to new Oil Pollution Act requirements New member will enhance environmental protection and emergency response as vessel owners prepare for changes to US rule.
Prices weaken across the board NYMEX show losses in early trading.
IFO prices falling in Fujairah Fujairah players say prompt deliveries are possible.
Lukoil expands Bulgarian operations Offering MGO along Danube river since early August.
Wartsila receives first order for complete LNG system Product tanker running on HFO to be converted to LNG operation with system developed to enable safe onboard storage and bunkering of LNG.
Four Venezuelan fuel oil cargoes heading to Singapore Cargoes are typically high-vanadium 380 centistokes (cSt) product.
Merger leads to name change for Frisol Will be trading under new logo as North Sea Group Bunkering as of September 1.
Nine more trainees graduate from O.W. Bunker programme One of the bunker industry's 'greatest challenges' is finding talented individuals, say HR director.
IFO prices dip at key ports Demand for bunker fuel largely average at major Asian ports.
Bunker tank catches fire at Chennai port Tank containing bunker fuel 'completely melted' by fire.
Minister 'happy' with Singapore's bunkering standards Singapore bunker sector an example of 'supply chain efficiency', says minister.
Brightoil, HHI ink deals to build 5 VLCCs Oil tankers to be use for in-house fuel procurement to lower operating cost of its global marine bunkering business.
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