Cuba readies to dive into oil exploration A Chinese-built drilling rig is expected to arrive in Cuban waters in early 2011, likely opening the way for full-scale exploration of the island's untapped offshore fields.
DB Schenker helps Deutsche Bahn to make a profit Deutsche Bahn (DB) was able to improve its results from operations (adjusted ebit) by 26.1% to EUR 846 million in H1/2010 in comparison with the same year-ago figure. Freight opera...
Hub Group reports higher income and revenue in Q2/2010 The US intermodal and logistics enterprise Hub Group Inc has reported its results for the quarter ended 30 June, generating income of USD 9.6 million in said Q2. This represents a ...
Agility launches new service in Australia Logistics service provider Agility is set to launch a new domestic shipping service in August in Australia, running between Melbourne in the state of Victoria and Bell Bay, in Tasm...
Greek transport industry strike The Greek transport industry, including its oil haulage segment, has gone on strike. The German freight forwarders' association has warned operators that loading or discharging con...
Japan Airlines shifts to new terminal in New Delhi Japan Airlines (JAL) has relocated its flight operations at Indira Gandhi international airport in New Delhi to the airport's new terminal 3. The construction of the modern termina...
Airbus wins commitments worth billions at Farnborough Airbus received commitments for 255 aircraft worth around USD 28 billion at the Farnborough International Airshow 2010. These developments signal a clear upturn for the aviation in...
AF-KLM reports Q1 results AF-KLM's activities in the first quarter of financial 2010/2011 saw a strong recovery in both passenger and cargo figures, in spite of the five-day closure of European air space fo...
PD Ports creates two new managerial positions The British port operator PD Ports is bucking the trend and creating two new positions. One of the posts is entitled group IT development manager and this job will go to Jan Loland...
Hamburg S'd and dbh cooperate in ENS system The German shipping company Hamburg S'd and dbh Logistics IT AG have agreed to work together on the pan-European Union's entry summary declaration (ENS). As of 1 January 2011, it w...
RTL receives ferry with Ford cars in St Petersburg Russian Transport Lines (RTL) is expanding its activities in the St Petersburg Big Port (Russia). RTL received the first ferry with Ford automobiles at quay N37 of St Petersburg Bi...
UN Ro-Ro establishes Istanbul-Marseille trailer service The Turkish company UN Ro-Ro has established a new liner service for unaccompanied trailers between Istanbul's Pendik and Ambarlin terminals and the French Mediterranean port of Ma...
CMA CGM safety nearing? A FRENCH union leader told Fairplay this afternoon that a '500M recapitalisation ($651.23M) of debt-laden box shipping group CMA CGM looks "imminent".
Maersk pays for sanction breach MAERSK Line Limited has paid $3.1M to settle violations of US sanctions that bar shipments to Sudan and Iran
SCI profits jump 60% SHIPPING Corp of India today reported a 60% year-on-year rise in profits in the April-June quarter
Box surcharges are only delayed DENMARK'S AP M'ller-Maersk told Fairplay today it has merely delayed additional peak season container surcharges on Asia/Europe routes, rather than scrapped them
Port Klang charges filed MALAYSIA has charged a former minister with graft in one of its biggest-ever financial scandals, IHS Global Insight reported today
Key Brazil ports stave off closure SISTER ports in Brazil have reached a deal with environmental agency IBAMA to allow them a further 30 days to submit compliance papers, IHS Global Insight reported today
Philippines halts rice orders THE PHILIPPINES reportedly announced today that it is 'swimming in rice' and has stopped new import orders for this year
Will more VSAs be annulled? In many countries in the western world it is estimated that up to 50% of marriages end in divorce. Business partnerships can also degenerate, and in liner shipping VSA [vessel sharing agreements] are often a marriage of convenience that may not survive the 1st 'paper' anniversary.
China's Hainan Pan enters transpac trade
Philadelphia shortlists operators for new box terminal
NYK takes intra-Asia carrier TSK Line back into fold
Little movement for bunkers this week Prices remaining good value relative to fundamentals.
Markets slightly firmer Prices pushing upward in line with crude shift.
Port awards recognise companies going above and beyond Crowley Marine Services and Matson Navigation Company implement initiatives ahead of regulatory requirements.
Prices end the week firm in European hubs NYMEX showing losses in early trading.
Fire in lubes container Two crewmen injured on Maersk ship.
Gains in Fujairah 'Healthy' demand in Durban.
'Period of adjustment' for new marine fuel specification DNVPS will monitor uptake of 'more complex and demanding ISO 8217' and effect of new 1.00% sulphur ECA limit on quality.
STS oil transfers 'must be properly regulated' UK legislator says 'no one in their right mind' would allow the shipping industry to regulate STS transfers.
Lukoil makes first deliveries at Augusta Company sees demand at its new supply location.
Management changes at Unicom New Bunker Manager appointed following Vitalie Davidciuc's departure after a decade.
Baltic Exchange changes TCE assessments Bunkerworld will continue to provide prices for Baltic Exchange calculations.
New Lagos office for KMC Marine Energy Move is 'part of expansion programme'.
Week ends with upward price movement Demand in Hong Kong above average, while other key Asian ports saw few enquiries.
News sales and marketing director for Chimbusco To oversee global developments for the Chinese company.
Fuel oil stock in East China terminals drop 5% Volumes at 45% of total storage capacity.
Brightoil to seek funds via 300 million share placement Funds earmarked for future business developments.
South China fuel oil imports drop 37% in July China's tax on fuel oil imports dampening demand.
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