Cosco expects to hit rate hike target in new contracts China Cosco Holdings, the nation's largest container-ship operator, expects to win its targeted rate increase in new contracts as world trade rebounds and shipping lines curb capacity.
Feb throughput slips 6.4% to 2.1m TEUs THE caution that container lines have been showing going into the first quarter appears to be justified.
Dhaka to urge Beijing to use Chittagong port Bangladesh will persuade China to use Chittagong port as a commercial outlet for its southern Yunnan province, Foreign Minister Dipu Moni said on Sunday.
JostGroup equips fleet with Transics IT solution The Luxembourgian transport company JostGroup has equipped its fleet with Transics on-board computers. The new order follows a long and successful cooperation between Jost and the ...
Rail investment by the state creates more jobs than building motorways Around 66% more jobs are created when the state invests in railway infrastructure than when it pumps its money into building motorways, according to calculations presented by Vienn...
Deutsche Post DHL reports substantial net profit in 2009 Deutsche Post DHL, one of the leading postal and logistics service corporations worldwide, generated an underlying ebit of EUR 1.47 billion in 2009, exceeding its November forecast...
Gefco Germany relocates Munich airport branch Gefco Germany has replaced its Eching location with a new branch office in Schwaig-Oberding, near Munich airport (Germany). The Gefco group has eleven subsidiaries in Central and E...
Rhenus Freight Logistics opens Nancy office Rhenus Freight Logistics opened an office in Nancy (France) in February where it offers all its logistics services, including consolidation, distribution, charter traffic and wareh...
APM Terminals top candidate to run port of Monrovia APM Terminals, which responded to a public tender issued by the Liberian government for the concession to run the port of Monrovia in December 2009, has now been named as the prefe...
DP World cautiously optimistic Global marine terminal operator DP World handled a total of 25.6 million teu in 2009 in its 28 consolidated terminals (those in which it has majority ownership or operational/manag...
Wind turbine plans for Antwerp The Antwerp port authority and the Left Bank Corporation plan to collaborate with private partners to build a large wind farm in the port area on the left bank of the River Scheldt...
Andreas Keller named vice-president at Swissport Aviation Security Swissport International, a leading provider of ground handling services to the aviation community, has appointed Andreas Keller as its new vice-president and head of its Aviat...
Geodis appoints new director of groupage division Geodis Calberson, the express and groupage division of the French logistics group, recently nominated Bruno Mandrin as its new director. Mandrin has served Geodis Calberson since 1...
Majority of Great Wall Airlines now with China Eastern Airlines Shanghai-based China Eastern Air Holding Company, the parent of China Eastern Airlines, has acquired the 51% stake of Great Wall Airlines (GWA) previously held by Beijing Aerospace...
Australia still investigating cargo airlines The Australian Competition and Consumer Commission (ACCC) instituted proceedings in the federal court against Korean Air Lines Co Ltd, the twelfth airline to be the subject of ACCC...
FMC promises capacity action THE US Federal Maritime Commission has told Fairplay it will take action to address growing concern among liner shippers about a lack of vessel capacity
Wilhelmsen reshapes for funds NORWAY'S Wilh Wilhelmsen told Fairplay today that it will split its shipping and logistics activities from the rest of the group to create a new listed company
COSCO Pacific traffic surges COSCO Pacific today reported a 27% year-on-year increase in total container throughput at its terminals in February to 3.2M teu
LNG speed up seen GLOBAL LNG shipment volumes are expected to rise at a faster pace this year than last year, JP Morgan Chase said in a new report
Worker killed at breaking yard A WORKER has been killed by a falling steel plate at Bangladesh's Sitakunda demolition cluster
Cyclone hits South Pacific A CYCLONE has caused damage and mass evacuations in the South Pacific
PNG LNG passes final hurdle THE PNG LNG project will proceed after major shareholder and operator ExxonMobil announced its financial details are completed
Gas tankers heading for cold lay-up The world's largest LPG carrier operator, BW Gas, has decided to send four gas tankers, equivalent to eleven per cent of its fleet, to long-term lay-up. At least
Danish captain wounded during robbery in Brazil The Danish captain of the product tanker Nord Butterfly is currently hospitalized in the Brazilian city of Salvador. He is being treated after being hit by a gunshot, while he
Mols-Linien reports loss Mols-Linien A/S managed to improve its figures last year, the loss went down from DKK 56.7 million in 2008 to DKK 1.8 million in 2009. Mols
Baltic Breeze I finally leaves Vejle The old coaster Baltic Breeze I, which has been moored in Vejle since May 2009, has finally left the port. The Baltic Breeze I was towed by Svendborg Bugser's tug
EN Navfor intercepted suspected pirates On Sunday the EU-Navfor German warship Emden intercepted a suspected pirate group consisting of a mother ship and two skiffs in the Somali basin between Somalia and the Seychelles
Wilh Wilhelmsen in major reshuffle The Wilh Wilhelmsen group will be split into two entities, one of which will be listed on the stock exchange. Shipping and logistics activities will be transferred to a new
Stena Bulk orders more 'environmentally friendly' tankers New vessels from Samsung Shipbuilding expected to reduce fuel and bunker consumption by up to 15 percent.
No lasting damage from Queensland's largest spill Scientists confirm no long term impacts, MoU will place emphasis on areas of environmental significance.
Prices softening as week begins NYMEX prices fall more than $1 in early trading.
Middle east prices lack direction One supplier still out of Durban spot market.
Measuring sulphur content in bunker fuel Technology firm says new instrument can be used in blending fuel to meet MARPOL Annex VI requirements.
'Ailing' shipping companies being 'kept alive' Maersk CEO says support for loss making players is distorting the market.
Sulphur limits will cause 'tremendous pressure' Fuel supply and quality questioned, cost to 'affect profitability for all stakeholders'.
Saudi refinery offers 380 cSt fuel oil cargo Traders say offer is linked to maintenance turnaround.
Bunker price movements mixed Bunker demand in Singapore healthy.
Singapore box throughput up 17.9% Compared to worst performing month in the past 36 month; figures 25% short of July 2008 peak volumes.
Singapore February sales up 13% Sales volume, however, is down 5.9% from January.
Titan disposes Proceeds from the sale of the VLCC will be used in the company's exchange offer.
Japan's January bonded sales drop 13.4% It is the fourth consecutive year-on-year fall in bunker volumes.
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