Cochin Shipyard eyes IPO to help fund dry-dock Cochin Shipyard Ltd, building the first Indian-made aircraft carrier, may hold an initial public offering to help fund a 10 billion rupee (S$303.9 million) dry-dock as the government presses ahead with privatisation plans.
Hamburg Süd: new agency for Algeria With effect from 9 February 2010, Arkas Algerie SPA took charge of all agency duties for the German shipping company Hamburg Süd in Algeria. Arkas Algerie SPA has offices in the tw...
Port of Dunkirk launches sustainable development and action plan The port reform of July 2008 gave French ports a new role in the area of sustainable development. In line with this, the port of Dunkirk is now preparing a sustainable development ...
TFG Transfracht boosts Salzburg-German seaports service The German service provider TFG Transfracht has started a new train service that rotates beteen the Salzburg region (Austria) and the German seaports Hamburg and Bremerhaven. The c...
Russian Railways' subsidiary forms joint venture with Alpine Bau RZDstroy, which was formed by spin-off of Russian Railways' construction subsidiaries, and Alpine Bau GmbH, a construction company located in Salzburg (Austria), have set up a...
European Commission serves statement of objections to Panalpina The Basel (Switzerland)-based forwarder Panalpina has received a statement of objections from the European Commission. The company said that the objections are in connection w...
Davies Turner wins full AEO status Davies Turner & Co Ltd, the UK's leading multimodal independent transport company, has become a fully authorised economic operator (AEO type F) just 18 months after Davies Turn...
Gazeley builds new logistics centre for Butcher's Pet Care The logistics real estate developer Gazeley has kick-started the new year with a deal to develop a state-of-the-art warehouse at G.Park Crick near Birmingham (UK). The facility wil...
Yusen Air & Sea Service selects CargoWise for software solution CargoWise, a globally recognized technology supplier for logistics service providers, has been selected to provide a global enterprise solution for Yusen Air & Sea Service (YAS...
Bimco endorses the Fonasba quality standard for ship agents and brokers The Federation of National Associations of Shipbrokers and Agents (Fonasba) has taken a daring initiative towards setting quality standards for ship agents and brokers. The quality...
Throughput in Helsinki down in 2009 Throughput in the port of Helsinki in 2009 totalled a modest 8.6 million t, which represents a 21% decrease in comparison with the previous year. The amount of containers and wheel...
Rail industry welcomes EU transport commissioner Siim Kallas Unife, the European Rail industry organisation, has welcomed the appointment of the EU's new college of commissioners, and in particular the nomination of Siim Kallas as vice-...
Chemfreight investing in Krems Wagon lessor Chemfreight, a subsidiary of RCA, has taken over Logwin's location in Krems (Austria) and will now invest in the facility. The move means that Chemfreight will become ...
IEA: oil demand inching up THE IEA again raised its forecast for global oil demand today, but stressed that all gains are being fuelled by developing, non-OECD countries
Greek tax regime defended AS GREECE recovered today from street demonstrations, its point man for shipowners said the country should be grateful to its income tax-free shipping sector
NOL sees upside despite losses NOL, THE Singapore-listed box shipping and terminals giant, said today it had net losses of $741M for 2009, from profits of $83M a year earlier
Star plans share issue STAR REEFERS will release 100,000 shares to minority shareholders this month after today reporting a 62% drop in net income last year
Newbuild 'black hole' seen SHIPOWNERS will probably need to find up to $150Bn to pay for newbuildings on order, a key shipping banker told Fairplay today
Boxes vanish from trade CARRIERS might face a shortfall of containers later this year as retirements outpace production, according to box equipment lessor Textainer
Three die in pirate captivity THREE crew members died while their vessel was in the captivity of Somali pirates for 10 months, anti-piracy organisation Ecoterra reported today
Öresundsvarvet buys Landskronavarvet and constructs new drydock Swedish shipyard Öresundsvarvet has bought its neighbour Landskronavarvet from the Bergen Group for a sum neither of the parties is willing to disclose. "We are doing this to enhance our
Rem Offshore in re-sale deal Norwegian Rem Offshore has acquired a platform supply vessel currently under construction at Keppel Singmarine in Singapore for delivery in March this year. The 4,500 DWT vessel was originally ordered
DFDS confirms charter of the Queen DFDS Group has now confirmed a three-year charter agreement regarding the cruise ferry Queen of Scandinavia. The charterer is the St. Petersburg-based Inflot Cruises and Ferry Ltd, which
Mols-Linien switches to LNG Mols-Linien A/S has decided to spend around DKK 150 million in a rebuilding project, where its three fast ferries will change fuel to Liquefied Natural Gas (LNG). It
Large newbuilding from Odense ' three more to go Odense Steel Shipyard will soon deliver the third of the six capesize bulk carriers to the Greek operator Carras (Hellas) Ltd. The vessel (hull no. 225) has been named the
Germany wants to halt newbuilding deliveries Several German shipping companies want to delay taking delivery of vessels they have ordered at South Korean shipyards, this due to the global recession. The owners are also seeking an
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