S'pore is BMW base for Asia-Pac treasury solutions German car maker BMW has moved into phase two of its effort to centralise its treasury management for the Asia-Pacific region in Singapore under BMW Asia Pacific Capital.
Pirates warn S Korean destroyer to stay away Somali pirates warned a South Korean destroyer chasing a hijacked supertanker with 24 sailors on board not to get any closer or else risk endangering the crew, Seoul's Foreign Ministry said yesterday.
Geopost reports sales decrease in 2009 The French mail and CEP service provider Geopost, a subsidiary of the French La Poste group, posted a consolidated turnover of EUR 3.093 billion in 2009, 4.6% less than in the...
DHL signs contract with VW in Slovakia DHL Supply Chain and Volkswagen stepped up their long-standing co-operation with a five-year contract valid from 1 April 2010. Under the terms of the pact, DHL Supply Chain wi...
Gefco expands in Brazil Gefco Brazil is extending its Sete Lagoas site in Minas Gerais (Brazil), almost doubling storage capacity from 465 vehicles to 990. The expansion is in response to customers' deman...
DB Schenker boosts gateway capacity in Milan Schenker Italiana has expanded its capacity in Italy's greater Milan area. The company's overland transport gateway in Peschiera Borromeo is oper...
IRU indices forecast flat economic growth and truck sales The International Road Transport Union's Road Transport Indices, an online data source of GDP growth, road freight transport volumes and new vehicle registrations in 51 c...
Afraa responds to EU black list The African Airlines Association (Afraa), based in Nairobi (Kenya), has expressed concern about the European Union's latest list of airlines banned from the European airspace due t...
Janine van Oosten installed as Amsterdam harbour master Janine van Oosten became Amsterdam's new harbour master on 1 April. She has been in charge of the port's traffic control since December 2008. Previously (as of 1995) she was (...
DHL Supply Chain names new CEO for Germany, Austria and Switzerland Martin Seidenberg took over as the new chief executive officer for the Germany, Austria and Switzerland region at DHL Supply Chain, a Deutsche Post DHL subsidia...
Wataniya to launch Kuwait-Alexandria connection Kuwait's Wataniya Airways will start a regular service to the Egyptian port of Alexandria on 1 June. The new schedule will provide four flights a week on Tuesdays, Thursdays, ...
Professional driving school in Germany offers free evaluations to meet deadline German regulations stipulate that transport and logistics enterprises must prove that their truck drivers have taken a 35-hour further training course by 10 Septembe...
BNSF recognised for excellence in quality performance The North American company BNSF Railway has been recognized by Toyota Logistics Services for "Excellence in Quality Performance" in 2009. BNSF received this award ba...
US tanker outlook pared PROJECTIONS for US crude, LNG imports and products have been scaled back by the EIA
Total plans Erika appeal FRENCH oil giant Total said today it would appeal an appellate court's ruling that it was criminally responsible for environmental damage from the Erika oil spill
China iron ore boycott urged THE CHINA Iron & Steel Association has reportedly urged Chinese steelmakers and traders to stop iron ore imports over the next two months
US importers seek China clarity US IMPORTERS in the trans-Pacific trades have raised concerns that their 2010 contract terms with carriers could be compromised by Chinese regulators
Norway tax horror: the sequel NORWAY'S shipowners are seething over the prospect of being forced to pay about $670M in back tax, Fairplay was told today
Asia fuels Europe box volumes THE VOLUME of containers shipped eastbound from Asia to Europe rose by more than a third in January compared to the same period last year, according to ELAA figures
KGs, Koreans and Navios oh my! Germany's Ernst Jacob and Dae Sun Shipbuilding tipped as sellers in Navios Acquisition's $458m tanker leap.
Cargill hunts Odfjell carrier Colossal grain player sparks clash with Norwegian outfit, urging authorities to seize ship over vegoil spat.
Navios in shock tanker splash Navios Maritime spin-off to fork out nearly $460m on fleet of tanker newbuildings.
Get shot at sea and live? US shipyard to offload $29m order from NYPD and FDNY for patrol vessels outfitted with bullet-proof life vests.
Bonus cut hit Harris' pocket James Fisher chairman saw his 2009 pay packet shrink after bonus was sliced and Clarksons money disappeared.
Scorpio execs seize stake President Robert Bugbee and tanker team snatch 55,200 shares in Emanuele Lauro's freshly minted shipping outfit.
Buss boxship in pirate hit German owner's CSAV Rio de Janeiro avoids capture a week after another of its ships attacked.
Ships 'vulnerable' off Nigeria Piracy attacks down in first quarter but violence increasing as shipping threatened off West Africa.
Seadrill hires new CFO Ex-Shell executive Esa Ikaheimonen fills seat vacated by Trond Brandsrud.
Were you sleeping, mate? Federal investigators are exploring whether the first mate of bulker aground on the Great Barrier Reef was snoozing at the time of the crash.
Capes lead dry delivery burst A capesize newbuilding was delivered almost every other day in the first quarter as dry-cargo fleet growth accelerated.
Hallin takes Seacor AHTS UK owner taps new financial firepower to buy offshore vessel from Seacor Marine.
Globus snaps up supras George Karageorgiou-led bulker owner buys two China-built 57,000-dwt bulker resales for $65.6m.
Owners may seek tax costs Norwegian government could be slapped with claims for costs arising from axed unconstitutional tax bill.
Three of Rio four log appeals Only Stern Hu will not challenge sentence handed down by Chinese court following bribery and corruption scandal.
Tallink numbers turn rosy Estonian ferry group sees passenger numbers and freight levels jump across the board on a year ago.
Scandlines inks ro-pax duo Baltic ferry operator invests EUR230m on two ro-pax vessels at beleaguered Volkswerft Stralsund.
Five-day cruises from St. Petersburg The Russian company S-Continental, which is a part of the Petersburg Music Industry media group, is planning to launch a cruise service from St. Petersburg to Helsinki, Stockholm and
Norwegian shareholder in Swedish safety firm Anthon B Nilsen AS has taken a stake in Scandinavian Safety Training Centre, SSTCAB. The Norwegian company has through a private placement acquired 1/3 of the shares in SSTCAB
Bulk carrier hijacked The Turkish flagged Bulk Carrier Yasin C has been hijacked 250 nautical miles east of Mombasa, Kenya, EU Navfor reports. The vessel has a crew of 25, all believed to
Sharp hike in volumes for Tallink March 2010 became a much better month for Tallink than the corresponding month last year. The number of passengers on the Estonian operator's routes increased by 36 per cent, private
Prices weaken across Europe NYMEX showing further losses in early trading.
Russian yard expects orders for bunker tankers Nevsky Shipbuilding and Ship Repair Plant will deliver second bunker vessel next month.
Middle East prices fall Demand and avails 'fair' in Fujairah.
Shipping company to pay 'heavy price' Australian officials say issues of liability for grounding of a bulker on the Great Barrier Reef will be pursued 'very, very strongly'.
Bunker mother-ships collide Investigation underway in Gibraltar.
Aegean ready to develop Jamaica storage facility Purchase of Kingston property agreed, further investments expected.
Vessel allowed to bunker after Indian port relents Ukraine had asked India to ensure the vessel was given assistance.
Singapore prices sliding Bunker prices in other key Asian ports show mixed price movements.
Singapore residual fuel stocks hit record-high Middle distillate stocks also rose to a three-week high.
UBT moves to new office in Singapore Growing business spurs move to larger head office.
Malaysian multi-products oil hub to be ready by August 2011 The project, delayed by seven months of land stabilisation works, is 61% completed.
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