Four BP marine fuel traders in Asia resign: sources Four Singapore-based marine fuel traders have resigned from BP, the largest bunker player in the oil and shipping hub, which comes after most of the oil major's global fuel oil team members quit, three industry sources said yesterday.
Panalpina begins operations in new Dubai facility Panalpina has begun operations at a new 450,000 sqft multimodal transit and logistics hub in Dubai Logistics City. The facility has 30,000 sqft of office space, a 120,000 sqft mult...
Logwin Switzerland bought out by management, to be named FT Logwin, a logistics service provider headquartered in Grevenmacher (Luxembourg), has sold its subsidiary Logwin Solutions Switzerland to the latter's management - Andr' Bucher, Nin...
Toll acquires Asian CEP airfreight business from Qantas Qantas is set to sell its stake in the Asian freight and courier business DPEX Worldwide (excluding the airline's stake in DPEX's Australian operations) to Toll Holdings. The trans...
Hain renews contract with Dentressangle in UK Hain Frozen Foods UK has renewed a logistics contract with Norbert Dentressangle by five years. The move is part of Hain's commitment to reducing its carbon footprint and achieving...
Maersk set to impose huge peak season surcharges Line to bring in peak season surcharge on the westbound Asia-North Europe trade of $750 per teu, $1,000 per feu and $1,200 per high-cube feu
Asia-Europe box recovery takes industry by surprise
Forward bookings point to sustained box recovery
Pacific box trades head back to black
CSAV eyes return to profit and surge in liftings Box line expects to carry about 60%more cargo in 2010 and return to the black by the...
NOL to reactivate all its idle ships
Market surprised by Greek appetite for kamsarmaxes Analysts question popularity of ship type as Greek owners order over $1bn of...
Restis inks deal for kamsarmax trio at HHI
Greek unions ramp up action against UK ro-ro vessel Ropax 1 stranded in Corinth after seafarer union activists prevent it from sailing
BP to upgrade spill response NEW VESSEL assets will be deployed by BP in its Gulf of Mexico spill-capping operations to hike capacity and efficiency
Pirates attack ships in Indonesia CREWS in Indonesia are being warned to take precautionary measures in the Pulau Subi Besar region after two pirate attacks this morning
Suez Canal posts higher revenues THE SUEZ Canal Authority has posted a 15.3% year-on-year jump in revenues to $394.8M for May, IHS Global Insight reported today
Crude freight rates rise DELAYS in VLCCs reaching loading ports have helped propel crude oil freight rates for Persian Gulf/East Asia voyages close to the psychological barrier of 100 Worldscale points
Chavez debuts new exchange VENEZUELA has launched a new dollar exchange that is crucial to the resumption of cargo import flows
USC awarded asset haul RUSSIAN President Dmitry Medvedev has awarded the government-owned United Shipbuilding Corporation 14 new company assets
British Chamber of Shipping in anger over report The British Chamber of Shipping has slamed the newly released report "Review of stakeholder evidence on differential pay in the shipping industry", led by Susan Carter and ordered by the
Danish Sikorsky rescue helicopters withdrawn from service The rescue helicopters in the Danish Air Force, the Sikorsky S-61 units, will finally be withdrawn from service. The helicopter design has been the backbone of the Danish airborne
Sharp criticism of Obama after drilling restrictions The U.S. Senator David Vitter from the Republican Party has slammed the Obama administration for imposing a six-month moratorium on deepwater exploratory drilling. "I am very concerned about the
RINA's new rules for low-sulphur fuels and green yachts Encouraging the use of cleaner fuels and promoting cleaner air.
Markets continue firming Not very strong demand in Rotterdam, say players.
IFO prices up as distillates weaken in Fujairah NYMEX showing gains of more than $1 in early trading.
ECAs may see refiners switching to sweeter crudes Bunker fuel producers may have to switch their 'prevailing feedstock slate away from' grades such as Urals, says IEA.
US Gulf spill equating to massive loss of transportation fuel If refined in the US, the oil could have fulled 1,800 ships for a year, says Professor James J. Corbett.
Moller-Maersk and NYK pool ideas on fuel saving DNV will provide 'perspective and competence' on technology and risk management.
O.W. Icebunker expands to North Norway New operation offering supplies offshore, at roads and in ports.
Will the revised ISO 8217 standard lead to a significant increase in off-spec fuels? Fourth edition introduces new parameters and tighter limits for several others.
IFO prices firm at key ports Demand below average at key Asian ports on Thursday.
Sources report resignation of four BP bunker traders Departures follow string of resignations from oil major's fuel oil trading team.
BPCL bunker sales to double at JNPT Following the launch of an international bunkering terminal at the port.
Arrested product tankers 'owe' $4.1 million for bunkers Total value of claims 'not material' to its total equity, says FSL Trust.
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