China's oil imports seen to drive tanker market China, the world's second-largest energy consumer, may lead an increase in demand for tankers as its energy needs rise, Poten & Partners said in a report.
Cheaper anti-piracy actions needed The US says that it wants to find cheaper options to battle pirates off the coast of Somalia, as an international naval force has pushed the seaborne brigands from the one million square miles of the Gulf of Aden into an area twice that size in the Indian Ocean.
LME proposes joint venture with Baltic Exchange The London Metal Exchange (LME), the world's largest market for aluminium and copper, has proposed forming a joint venture with the Baltic Exchange to take trading of freight derivatives onto a new exchange.
Pacer reports higher revenue and net profit The US service provider Pacer International reported that its Q4/2009 net profit was USD 10 million, compared to a loss of USD 64 million in the same quarter a year earlier. Q...
Ceva Logistics: contract with Multiyork in UK SCM and logistics service provider Ceva Logistics has been awarded a three-year contract to provide a white glove two-person home delivery service to Multiyork, a manufacturer and ...
Loxxess AG investing EUR 5 million in Aurach logistics centre extension The German group Loxxess is investing EUR 5 million in extending its logistics centre in Aurach (Germany). The facility, which was constructed in 2003 and extended in 2007, will be...
A380 sets its wheels on African soil for the first time The Airbus A380 era has started in Africa. On 17 February a scheduled Air France Paris-Johannesburg flight, operated by the giant aircraft, touched down at 10.58 local time in the ...
Singapore Airlines Cargo strengthens partnership with WFS Singapore Airlines Cargo has extended its cargo handling agreement with Worldwide Flight Services (WFS) in the UK and Ireland. The new contract covers Dublin, Shannon and Cork. Thi...
For sale: Hapag-Lloyd's head office The German shipping company Hapag-Lloyd is selling its head office on the inner Alster at Ballindamm in Hamburg to an investor. The board of TUI AG confirmed that it has had defini...
Toll completes roll out of new information platform Toll Global Forwarding (TGF) has completed the global roll-out of its information control platform iCON. The programme, which started in 2009, was finished with the deployment of ...
The Bosphorus was busy in 2009 A total of 51,422 ships sailed through the Bosphorus (Turkey) last year. The number of vessels using the Dardanelle straits near Canakkale amounted to 49,453. Some 9,299 tankers ca...
European railways set up transport alliance Seven European railways have founded an alliance called Xrail for their wagon load traffic. Partners in the undertaking are DB Schenker, SNCB Logistics, CD Cargo, CFL Cargo, Green ...
RHA gets fuel duty gap into minister's report An all-party committee of UK MPs has backed the case for action to level the fuel duty playing field between the UK and the rest of the EU. The British Road Haulage Association (RH...
UK Rail signs up partner for rail project The British rail infrastructure company Network Rail has given a EUR 61 million contract for design and construction to Jacobs Engineering. The latter will lay 1 km (0.6 miles...
New iron ore rail service in Quebec Western Labrador Rail Services (WLRS), a newly formed subsidiary of the Canadian company Genesee & Wyoming, has entered into a long term agreement with Bloom Lake Railway ...
Port of Lille is satisfied Ports de Lille, the operator of the northern French port of the inland port of Lille, has described its result for 2009 as satisfactory, given the economically difficult situa...
Middle East banks to finance UASC's first three 13,100 teu newbuildings Line inks $275m loan for first three of nine boxships on order at Samsung Heavy
LME says traders back exchange proposal Tremendous support for planned joint-venture with Baltic Exchange
Bangladesh shipbreaking protest slammed as fake Yards protest against new national import policy
Somali pirates attack tanker Suspects detained after failed attempts to hijack vessel and an unsuccessful approach to a boxship
China and intra-Asia can absorb extra boxship capacity Report advises operators to deploy excess capacity on those routes
FMC allows slow steaming talk CONTAINER lines in the Asia/US trade have received the go-ahead from the US Federal Maritime Commission to discuss slow steaming
Falklands cruise fallout feared CONCERNS have arisen that cruise routes could be impaired by Argentina's retaliation against Falkland Islands oil exploration
Finland dredging damage feared DREDGING at Finnish ports is causing more damage than a planned natural gas pipeline would, the Finnish Environment Institute reportedly said today
US Navy stops pirate attack EIGHT suspected pirates have been detained by the US Navy after an attack on tanker Barakaale 1 in the Gulf of Aden
Cosco Corp turnover falls COSCO Corp (Singapore), the publicly listed ship repair unit of China's giant group, today posted a 16.6% drop in turnover to $2.9Bn in 2009
Heavy loss for Transatlantic ' offshore split postponed Sweden's Transatlantic reports a SEK 221 million loss for 2009, compared with a SEK 266 million profit the year before, the reasons being a substantial dip in the offshore market
Odfjell buys product tanker Odfjell, listed on the Oslo Stock Exchange, has bought a 51,000 DWT-product tanker from SLS Shipbuilding in South Korea for USD 33.5 million for delivery in April 2010
Hope for reopening the Sundbuss service At least three operators have shown interest in reopening the Sundbuss service between Helsingør and Helsingborg. According to Per-Olof Jansson, CEO of the Port of Helsingborg, three operators are
Russians used rag to fix a hole in the hull The Russian registered cargo vessel Baltiyskiy 110 has been issued with a detention notice by the British Coastguard and Maritime Agency after a port state control inspector found a hole
Pirates hunt in the transit corridor Pirates continue to roam the International Recommended Transit Corridor (IRTC) in search of vessels to attack, reports the EU Maritime Centre. A coalition helicopter has photographed suspicious skiff activity in
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