No end in sight to BP oil spill BP plc was considering its next move yesterday after its most promising short-term remedy for a massive undersea oil spill in the Gulf of Mexico struck a snag over the weekend, fuelling fears of a prolonged and growing environmental and economic disaster.
Hanjin selling stake in terminal operator Hanjin Shipping Co, South Korea's largest container shipping line, plans to sell 49 per cent of a terminal operator at the nation's busiest port to boost finances after posting a first-quarter loss.
S Africa strike threatens major exports Workers at South Africa's state-owned transport company Transnet Ltd started an indefinite pay strike yesterday, potentially hindering shipments of iron ore, ferrochrome, fruit and the coal that fires many European power plants.
Deutsche Transport-Compagnie and Emo-Trans found joint venture Two German freight forwarders, Nuremberg-based Deutsche Transport-Compagnie Erich Bogdan GmbH & Co KG (DTC) and Filderstadt Bonlangen-based Emo-Trans GmbH, founded a 50/50 Nure...
DHL expanding activities in India DHL has opened a new ocean freight terminal in Cochin, a major port on the west coast of India, and launched weekly direct LCL services from there to Europe, North America and emer...
Logwin runs new cross-docking centre for Douglas The Grevenmacher-based Luxembourgian logistics service provider Logwin started operations for Douglas in a new cross-docking logistics centre west of Stuttgart earlier this year. L...
Bibby Distribution taking over Taygroup The Liverpool-based forwarding and logistics group Bibby Distribution has bought the service provider Taygroup. Taygroup, which operates from its head office in Biggleswade, Bedfor...
Air Menzies International puts Crease in charge of US sales The US branch of Air Menzies International, one of the world's largest trade-only airfreight wholesalers, has appointed Steve Crease as its new general sales manager for North Amer...
Evergreen sets eastbound trade rate restoration programme Taiwan's Evergreen Line is set to implement an eastbound trade rate restoration programme. From 1 June the line will increases its charges for all cargo and commodities, including ...
ACI reports continued strong Q1 freight traffic Airports Council International (ACI) has reported continued strong freight traffic in March, with a 25.6% rise in total cargo compared to March 2009. The figure was boosted by inte...
Port of Mersin increases volume in April The southern Turkish port of Mersin handled 92,706 teu in April 2010, 52% more than in the same month in 2009. The port operator (a joint venture between Turkey's Afken Holding and...
Malta Freeport holds its own in 2009 The number of containers handled at Malta Freeport amounted to 2.26 million teu in 2009, despite the international recession. Traffic in the hub, which has been operated by CMA CGM...
US port fears oil arrival A STATE of emergency has been declared at a US port used by the offshore oil industry because of fears it will be hit by the Gulf of Mexico oil spill
Strike hits South African ports SOUTH Africa's ports are facing major disruption today after rail workers started an indefinite strike over pay
Sea ice cost Shandong $395M DISRUPTION to shipping caused by the worst sea ice in decades contributed to major economic losses for at least one Chinese province, IHS Global Insight reported today
Rates slump on VLCC surplus FREIGHT rates for crude oil shipment from Saudi Arabia to Japan slumped 14% to $42,048 a day last week due to a surplus of VLCC carriers in the Middle East
Workers reject Boluda move WORKERS at the Boluda Group's defunct ship repair yard Union Naval de Barcelona today rejected a move to transfer 90 workers and infrastructure to Valencia
New ash causes cruise chaos CRUISE passengers in Portugal faced major disruption today after volcanic ash forced the closure of several of the country's airports
Grenå'Varberg service turns 50 Last weekend, Stena Line celebrated the 50th anniversary of the Grenå'Varberg service. The service started in 1960, when the Norwegian shipping tycoon Jan-Erik Dyvi launched the service with
ESL Shipping places order in South Korea The Finnish shipping company ESL Shipping Oy has ordered two 56,150 DWT supramax bulk carriers from Hyundai Mipo Dockyard Co Ltd, South Korea. The newbuildings will be built to Finnish
Obama administration gets help from Sweden The Obama administration is evaluating proposals for assistance in cleaning up the oil spill in the Mexican Gulf from the United Nations and the European Union, as well as 14
Mixed prices in Europe NYMEX showing gains of more thab $1 in early trading.
Strong gains in Fujairah Durban prices weakening.
MPA to offer bunker players longer licenses Licenses for suppliers and bunker barge operators meeting certain criteria will be allowed to run for up to three years.
'Drastic drop' in Baltic Sea illicit oil spills Improved surveillance helps cut deliberate oil discharges even as shipping traffic increases.
Fuel management has 'evolved into a specialised function' Seminar for marine engineers highlights growing complexity of marine fuel management due to stricter quality and regulatory requirements.
Demand 'recovering' in shipping markets But consultancy says rates still threatened by excess capacity.
Shipbuilder backs LNG LNG-fuelled vessels provide 'fundamental solution' to environmental regulations, says Samsung.
Shipping firm pays $1.2 million for seized vessel But the US government may wish to file an objection to the sale, district judge says.
IFO price movement mixed at major ports Traders saw different purchasing reactions from shipowners on Monday as crude oil prices surged.
Japan: Supply steady despite refinery turnarounds Traders anticipate that prices for IFO material will not be affected.
Bunker fuel quality - perception or reality? Condemning fuel outright due to the presence, rather than effect, of contaminants could result in costly and unnecessary disputes.
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