Baltic Dry Index drops for third straight week The Baltic Dry Index, a measure of shipping costs for commodities, advanced for a second day on Friday as higher rents were secured by owners of iron-ore carriers.
CN to set up new intermodal terminal in Alberta The Canadian National Railway Company (CN) is constructing a 680 acre logistics park with a state-of-the-art intermodal terminal in Conrich, northeast of Calgary (Alberta, Canada)....
US road sector suffering from firms' low inventories The US road sector has had a challenging year as businesses have attempted to kept inventory levels extremely low. Fourth quarter earnings reports show the slow rate of inventory r...
Swiss road haulage body seeks closer ties to railways Astag, the Swiss association of commercial vehicle operators, is pleased that SBB Cargo, the freight division of the Swiss state-owned railway company SBB, is set to create new nat...
110 wagon train will serve INR Energy mines US enterprise INR Energy has announced that a 110 wagon train will serve its metallurgical coal mines in Powellton and Chilton (USA). They will achieve full production levels over ...
Trading of Austrian Airlines shares stops in Vienna Trading of Austrian Airlines AG shares on the Vienna stock exchange was suspended yesterday morning (4 February) until further notice. The German flag carrier Lufthansa took over t...
HHLA meets target According to provisional results the German port company Hamburger Hafen und Logistik AG (HHLA) generated a group revenue of around EUR 988 million in financial 2009 (previous year...
CSCL forecasts 2009 loss due to low freight rates Hong Kong-listed China Shipping Container Lines (CSCL) has warned that it will plunge into the red for 2009 as a result of the sharp reduction in freight rates and container v...
Avianca and Taca finalise joint venture Colombia's airline Avianca and El Salvador's Grupo Taca said the merger they had announced in October became effective this week after all regulatory hurdles were passed. The new c...
SBB Cargo spins off international services into separate company Switzerland's national railway SBB has taken further steps to determine the strategic direction that its freight division SBB Cargo has to take in order to expand its business acti...
Shenzen Airlines boosted cargo traffic The carrier Shenzen Airlines, based in southern China, has reported that its cargo traffic was up by 22% to 306 million FTKs in 2009. Shenzen introduced 14 new aircraft last y...
JAL Cargo announces route changes Japan Airlines (JAL) has announced the following major route changes for international cargo operations for H1/2010, ending on 30 September. Flights to Ho-Chi-Minh (Vietn...
Crew hides from pirates TERRIFIED crew members on a bulker attacked by pirates this morning were all unhurt after locking themselves inside and being freed by Danish commados, the ship's owner told Fairplay
Falklands oil tension mounts ARGENTINA has said the UK's plans to start drilling for oil off the Falkland Islands recalls the 1982 war between the nations, it was reported today
UK fire teams douse carrier A FIRE that broke out on an aircraft carrier being scrapped at a yard this morning in Teeside, northern England, is now "under control", Cleveland Police told Fairplay
Russia accused of nuke dumping RUSSIA is being accused of dumping nuclear waste into the Baltic Sea in the early 1990s, the BBC reported today
Everglades numbers drop STEEP drops in the box business, bulk and beak bulk were offset by a record cruising year at Port Everglades in Florida
US panel targets exports A NEW US panel has been created with the goal of bolstering President Barack Obama's goal to double exports in five years
Drybulk overweighting seen DRYBULK investors have placed too much weight on Chinese bank lending restrictions, JP Morgan analyst Jonathan Chappell said today
Super-slow or Concorde service: give shippers the choice On November 26, 2003, the last flight of the iconic Concorde supersonic Mach 2 airliner arguably heralded a shift into reverse gear for the airline industry in its hitherto ambition to shrink the world.
Wan Hai and PIL to re-launch Asia/N.Europe service
Svendborg tug sold to Norway Svendborg Bugser has sold their oldest tug, Skansund, to the Norwegian operator Polar Slep A/S, Tromsö. The Skansund was taken over in its home port Svendborg, and sailed to
Frontline buys and sells vessel Frontline has bought the VLCC Front Vista from Ship Finance International for USD 58.5 million. However, Frontline has agreed to sell the vessel to an undisclosed buyer. The buyer
Buyers see lower prices as markets 'tank' Crude continuing to put downward pressure on bunkers.
WSC proposal 'shooting itself in the foot'? Poten & Partners consider GHG emission reduction options and the technological benefits of the Council's MEPC 60 submission.
Lower fuel surcharge impacts Matson's revenue Ocean transportation sector faces challenges and opportunities in 2010.
Steep price drops end of week MGO prices in Rotterdam drops by $33.50 pmt.
Heavy losses in Fujariah bunker prices NYMEX shows further losses in out of hours trading.
Bunker spill court ruling exposes owners to more costs US District Judge says owners of Cosco Busan are bound by Californian law that holds them liable for pilot negligence.
ARA fuel oil stocks climbing Product inventories are 22% up against the same week last year.
Matrix makes move in Southern Africa Joint venture will offer 'high quality bunker services' in Durban, Cape Town and Richards Bay.
WFS 'assisting' with collection of 'Iraqi debt' 'Receivables' belong to the previous owners of Tramp Oil.
Singapore sees price of 380 cSt at seven-week low Bunker prices in other key Asian ports weakening.
Chemoil, Glencore in 'preferential' deal Deal includes the supply of bunker fuel to Glencore's shipping subsidiary.
Chinese oil imports continued upward climb last year Senior official warns that 'now the most acute problem in China is the increased importation of crude oil'.
Praxis in Singapore expands New office is double the size of the old one.
Shell to lay off 1,000 more employees this year Suffers $1.8 billion loss from its downstream activities during Q4 2009.
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