Port workers' strike hits Finnish economy A strike by Finnish dock workers continued for a second week on Friday as unions and employers failed to solve a labour dispute that has closed ports, crippled foreign trade and is costing the country 100 million euro (S$191.7 million) a day.
System Alliance Europe introduces new clearing system The 47 partners in System Alliance Europe, a network of medium-sized forwarders, now benefit from optimised billing procedures and more transparent processes. CargoClear, a web-bas...
Norbert Dentressangle achieved a satisfactory result in 2009 - despite the crisis Norbert Dentressangle (ND), a major French transport and logistics group, overcame the crisis-ridden year 2009 with a satisfactory result and a drop in sales. This was re...
Panalpina with lower volumes and smaller gross profit Panalpina, the Basel (Switzerland)-based global forwarding and logistics service provider, transported less and generated a smaller gross profit in 2009, compared to 2008. Net...
Georgia would like more cross-border flights The Georgian air company Airzena has requested clearance for carrying out additional direct charter flights between the Georgian capital Tbilisi and its Russian counterpart Moscow....
K Line modifying Japan/Asia'North America west coast sling The Japanese shipping company K Line, a member of the CKYH Alliance (Coscon, K Line, Yang Ming and Hanjin Shipping), will make modifications to its Japan/Asia - North America west ...
Evergreen and China Shipping introduce China-Philippines-Thailand express service Evergreen Line (Taiwan) and China Shipping Container Lines (CSCL, China) are set to launch the China-Philippines-Thailand Express Service (CPT), a new joint sailing, ...
HRCI continues upwards trend The Howe Robinson Container Index (HRCI) increased by 2% or 7 points from 357.1 points (week 8) to 364.2 points (week 10). Increases of 12% and 19% respectively mainly took pl...
China Airlines to launch only non-stop connection between London and Taipei The Taiwanese carrier China Airlines will launch a new service from London Heathrow to Taipei Taoyuan airport on 28 March. China Airlines will thus become the only company to ...
Iata: efficiency, quality and security are key for air cargo The Iata World Cargo Symposium which took place in Vancouver (Canada) this week (wk 10), called upon the entire air cargo value chain to drive efficiencies and improve competitiven...
Delta adds further temporary flights to Johannesburg The US carrier Delta Airlines will add eleven additional B777-200LR connections between its home base Atlanta GA (USA) and Johannesburg (South Africa) during July an...
NY IPO wave mounts ANOTHER shipping company filed an IPO today: Alma Maritime, led by Empire Navigation's Stamatis Molaris
Crude Carriers prices its IPO EVANGELOS Marinakis-led Crude Carriers today priced its 13.5M-share IPO at $19 per share ' the low end of its target range
Box ship crew foils pirates PIRATES shot bullet holes into a German-owned box ship's funnel and a crane in the Indian Ocean, but failed to hijack the vessel, EU NAVFOR said today
APM holds Liberia port lead DENMARK'S AP Møller-Maersk told Fairplay today it ranked first among the groups bidding for the contract to operate Liberia's Monrovia port
BDI rises on iron demand FREIGHT rates of the Baltic Dry Index today rose for the third day running, on surging Chinese demand for Brazilian iron ore imports
Top Ships breaches covenants TOP SHIPS was hit by asset impairment charges in its latest quarter and faces new challenges related to breaches of loan covenants
DHT pursues strategic shift MAJOR changes continue at tanker owner DHT Holdings, with Randee Day taking over as acting CEO on 1 April
More than one swallow bodes well, but responsibility and dialogue must be the mantra A year ago the holy grail-like search for the green shoots of recovery occupied copious media columns. The first sightings were akin to the season changes, when we are often reminded of the proverb: 'One swallow doesn't make a summer'; but 12-months on, the swallows are flocking in waves, and if managed correctly the opportunity to turnaround the fortunes of ocean carriers is within grasp.
Ulstein increases profit The yard group Ulstein increased its profit in 2009 to NOK 520,9 million, compared to 371,9 million in 2008. The company had operating revenues of NOK 3.59 billion, compared
Torm shows red figures ' fears 2010 will be even worse D/S Torm reports a loss (before tax) of DKK 103.6 million in 2009. It's the first time the company reports red figures for over a decade. The product
D/S Norden still in black after a dramatic year Dampskibsselskabet Norden managed to successfully navigate 2009 and presented its shareholders with a profit of DKK 217.2 million. It is not as much as the year before (2008), when
Bunkers resist upward pressure Bunker prices remain good value relative to crude.
Markets softening to end week Prices starting to slide as pressure from crude comes off.
Resupply problems for Chile IFO grades unavailable in major ports following earthquake.
Prices mixed in Rotterdam, Hamburg Piraeus IFO prices fall sharply.
Maxcom expands West African market coverage Company is ready to supply bunkers in Senegal.
Distillate prices soften in Fujairah Durban IFO prices slightly weaker.
Fujairah: Tightness in fuel oil market should ease Arbitrage arrivals expected to put downward pressure on bunker prices.
Sulphur regulation hits MDO supply Suppliers in European marine fuels hub only selling 0.1% sulphur MGO as there is 'no demand' for MDO.
'Imbalances' drive demand for tank storage Vopak sees profits climb as markets cope with supply 'imbalances' and demand for environmentally friendlier fuel.
Emergency bunkering off Somalia 'a growing concern' Commercial bunker operations could be viable if security is addressed.
Flow meters 'a new wave in bunkering' Accurate quantity measurement can benefit buyers and suppliers, barge operator sees increased market share.
No clear trend for Asian prices Price of 380 cSt bunkers in Singapore flat.
Chimbusco bonded sales down 20% in February Month-on-month decline comes after setting a historic sales record in January.
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