SNCF Geodis launches new brand for international rail haulage activities SNCF Geodis, the transport and logistics division of the French SNCF Group, is launching CapTrain, a new brand for its international rail haulage activities. The creation of C...
TNT buys TopPak The Amsterdam (Netherlands)-based postal operator TNT is expanding its e-commerce activities with the acquisition of the Dutch e-fulfilment specialist, TopPak, for an undisclosed t...
Famous Pacific Shipping forms JV with Royale International Couriers Famous Pacific Shipping (NZ), part of NVOCC and freight services supplier Famous Pacific Shipping (FPS) Group, has formed a joint venture with Royale International Couriers, one of...
NOL reports net loss of USD 741 million in 2009 The global container shipping, terminals and logistics group Neptune Orient Lines (NOL), based in Singapore, recently reported a net loss of USD 741 million for 2009, com...
Hapag Lloyd: general rate increase on Far East westbound trade lanes The German shipping company Hapag-Lloyd will increase rates on all containerised cargo from East Asia (except Japan) to North Europe and the Mediterranean by USD 250 per teu, with ...
Lloyd Fonds reduces ship order by two units Lloyd Fonds AG, a leading initiator of closed-end funds and other structured investment products in Germany, has reported that two more vessels that it had in its order book w...
FedEx accelerating transport between Germany/UK and Bulgaria FedEx Express, a subsidiary of FedEx Corporation (USA), has shortened the transit times between Germany and the UK to Bulgaria, thereby improving its range of services in Eastern E...
Richard Stinchcombe appointed CEO of Rickmers (Japan) Rickmers-Linie, a German shipping company that specialises in the transportation of breakbulk, heavylift and project cargo, has appointed Richard Stinchcombe as CEO and r...
Jörg Eberhart to be Aerologic's new managing director Jörg Eberhart has been appointed as new managing director of AeroLogic GmbH, a joint venture between DHL Express and Lufthansa Cargo. He succeeds Dr Thomas Papke, who is moving to ...
Blizzards cripple air traffic on US eastern seaboard The second snowstorm within five days has severely hampered operations at airports on the USA's eastern seaboard. More than 1,000 flights had to be cancelled. The worst hit airport...
EU Commission suspects collusion in air traffic The European Commission has sent statements of objections in connection with alleged anti-competitive activities in the airfreight forwarding industry to several companies this mon...
NYK included in Global 100 for fourth consecutive year For the fourth consecutive year, the Japanese transport service provider NYK has been selected as one of the Global 100 Most Sustainable Corporations in the World (the Global 100)....
AEI to launch MD-80 P to F conversion program The US-based plane converter Aeronautical Engineers Inc. (AEI) has formally launched an MD-80SF passenger to freighter conversion programme. The scheme, which has been in use ...
Shipping feeling credit pinch SHIPPING is locked into its own credit crunch, Rory Hussey, syndicated loans chief at ING Bank, has told Fairplay
Baltic Trading IPO near? DRYBULK start-up Baltic Trading Limited has filed a revised IPO prospectus that suggests it is closer to its long-anticipated flotation
March dredging set for Gateway LONDON Gateway's CEO Simon Moore has told Fairplay that dredging for the huge scheme will begin on 8 March ' but that operator Dubai Ports World will not commit to further construction phases
'K' Line to offer $363M in shares JAPAN'S 'K'-Line today announced it will offer 110M shares of common stock in its restructuring to strengthen its capital base
Shipping hails Norway ruling NORWAY'S Supreme Court has ruled against the government's changes to its tonnage tax system and attempts to make shipping companies pay tax on reserves
Hajioannou buying muted POLYS and Nicolaos Hajioannou, controlling shareholders of Safe Bulkers, have made only minimal use of their insider stock-purchase programme, it was revealed today
NAT spot rates halved NAT logged a quarterly losses today on falling rates but repeated plans for four acquisitions
Are imprudent PIGS about to stymie the Asia-Europe revival? The acronym PIGS, unkindly adopted by the financial markets in reference to the most heavily indebted nations of the 16-member EuroZone [Portugal, Ireland, Greece and Spain], stands for a pigs-breakfast of bad news which threatens to consign ocean carriers on the resurgent blue-chip Asia to Europe tradelane back into the trough of decline.
Norwegian owners win tax dispute case in Supreme Court The Norwegian Supreme Court, H'yesterett, has ruled in favour of the shipping companies that sued the Norwegian government on the issue of deferred taxes. "We are relieved. The Supreme Court
Stena Line builds new harbour in Scotland Stena Line is building a new harbour in Loch Ryan in Scotland. The investment is on SEK 1 billion, approximately EUR 100 million, and the construction is estimated to take
Cormorant crew free to go home Three seafarers, two Ghanians and one Russian, are free to leave Denmark, according to Danish Authorities. The three seafarers were promised work on the Cormorant in August 2009. The vessel's
Japan gives USD 20 million to Alang Japan has signed an memorandum of understanding to support the recycling industry in Alang with some USD 20 million. The Gujarat Maritime Board says the Japanese aid will help to
Record year for Bergen Group Norwegian Bergen Group, which recently sold the repair yard Landskronavarvet to neighbouring Öresundsvarvet, reports NOK 5.1 billion in operating revenues in 2009, compared to 3.74 billion in 2008
Wilh. Wilhelmsen on the road to recovery The Wilh. Wilhelmsen group posted an operating profit of USD 241 million for 2009, compared with USD 352 million in 2008. The total income amounted to USD 2.6 billion
Mixed reactions from bunker markets Crude oil comes off the boil but bunkers slow to respond.
Spill in Washington results in $21,000 fine Incident involving the Black Hawk 'was avoidable' and should not have happened, says Ecology.
KPI Bridge appoints new bunker trader Expansion of London office continues.
Proposed bunker regulation 'ensures UK environmental protection' Coastguard begin six-week discussion on ship-to-ship transfers and bunkering operations of oil in UK waters.
Crude slumps, then bounces on stockpile data Market surprised by inventory build despite ample warnings.
South Europe sees biggest price gains Good bunker demand in Hamburg.
Bunkering unaffected as Vancouver welcomes 2010 Olympics Local players say no increase in demand but Vancouver based assignments could experience delays.
UK study: Sulphur limits could cost nearly $5 billion New report estimates costs and benefits of implementing revised MARPOL Annex VI regulations.
Fujairah prices firms Demand and avails fair in the Middle Eastern port.
OOCL: Rates are 'unsustainable' Ocean freight rates still not enough 'to cover basic operating costs'.
ARA fuel oil stocks fall Gas oil inventories swell on 'relatively limited' demand.
Singapore January box traffic up 18% year-on-year But still 14.5% down from peak achieved in 2008.
Markets slow down ahead of Lunar New Year holidays Prices in key Asian ports mostly firm with the exception of Busan.
Dan-Bunkering to make industry heard As permanent blogger Managing Director Kenni Goldenbeck will give voice to the 'real deals'.
Singapore: January bunker sales rise to 3.2 million mt Sales up 6.4% year-on-year and 1% month-on-month.
Cold snap halts bunkering in Shanghai and major ports Several Chinese ports in the eastern and northern coasts have stopped operations since Wednesday.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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