Maersk to keep capacity flat in face of uncertainty Top container line Maersk will keep capacity flat for now as it lacks visibility for the rest of the year, said Asia-Pacific director of business performance Hennie van Schoor.
China's Weichai Power to open RHQ in S'pore Major China player Weichai Power will spend $20 million on a regional headquarters and showroom at Tuas to reach out to the South-east Asian market, with eventual assembly facilities costing up to US$100 million in two to three years.
DP World full-year profit falls 46%; it sees recovery signs Port operator DP World, a unit of troubled state-owned conglomerate Dubai World, saw a 46 per cent drop in 2009 profit but said it saw signs of recovery for 2010.
Cross-border Eurocombi traffic does not conform to EU regulations The 25 m long eurocombi trucks have been on the road for a long time in some European countries (e.g. Sweden, Finland). The vehicles are being tested in Denmark and Germany. The EU...
HHLA to substantially reduce weekend pay The employees of the German port service provider Hamburger Hafen und Logistik AG (HHLA) are going to be hit where it hurts. The ITJ learned that HHLA's board wants to elimina...
The French logistics trade fair SITL 2010 in Paris now open The French transport and logistics trade fair SITL (Semaine Internationale du Transport et de la Logistique), which is being held at the Parc des Expositions in Villepinte, near Ro...
Gefco logistics provider for Kawasaki in UK The French Transport and logistics service provider Gefco has won a contract from the Japanese manufacturer Kawasaki for the warehousing and distribution of its motorbikes, jet ski...
DHL wins contract with Birds Eye in UK DHL Supply Chain has been awarded a GBP 30 million, three-year contract with Birds Eye to handle exclusive distribution of all the latter company's frozen foods to UK customers. Th...
TNT Ekspres to open new logistics centre in Istanbul in May TNT Ekspres Turkey, the Turkish express subsidiary of the Dutch mail and CEP corporation TNT, wants to move its logistics centre at Atat'rk international airport in the European se...
TX Logistik expands network in Germany The private German railway company TX Logistik is extending its sea port-hinterland network by launching a new connection from Hamburg to Frankfurt/Main on 12 April. The three larg...
VIII International Freight Forwarders' Day in Odessa, 31 May - 1 June The VIII International Freight Forwarders' Day will take place in Odessa (Ukraine) on 31 May and 1 June. The FFD is the annual international conference and event for professio...
BA says strike has minimal financial impact British Airways said the three-day flight attendants' strike, which ended on 22 March, cost the carrier an estimated EUR 23.3 million and that its contingency plans proved "ve...
Big loss for OOIL Hong Kong-based Orient Overseas (International) Ltd (OOIL) , parent company of the container shipping line OOCL, has announced a loss of USD 401 million for 2009. In 2008 the group...
DCT Gdansk terminal: modern technology to stuff containers DCT Gdansk container terminal (Poland) is the first facility in the southern part of the Baltic to have purchased a modern ACTIW LoadPlate unit for stuffing cargo into standard con...
Lay-ups surge seen VESSEL lay-ups are poised to increase in multiple shipping sectors, according to DVB Bank shipping head Dagfinn Lunde
Supreme Court spurns EFT case THE US Supreme Court will not intervene in the 2nd Circuit's landmark decision to ban electronic fund transfer attachments
Russia potash sector faces tax RUSSIA'S potash exporters have failed to stop a government plan to impose an export duty on the product
Guards kill piracy suspect SPAIN said today it is negotiating with Somalia over the body of a piracy suspect killed in a gunfight with private security guards on a cargo ship
Hay Point shut six weeks? BHP BILLITON warned today that it could take up to six more weeks to fix cyclone damage and return both Hay Point Coal Services berths to full operation
Chemical trade in flux THE CHEMICAL tanker sector can expect drastic changes over the next half-decade because of emerging sourcing patterns, the CMA has been told
Cape fears on the rise NEGATIVE sentiment on Capesize overcapacity has re-emerged at the Connecticut Maritime Association conference
Sharp hike in Chinese order volume China's Association of the National Shipbuilding Industry, Cansi, reports that Chinese shipyards secured 5.7 million DWT in new orders during the first two months of this year, up by
Maersk sells three large container vessels to Sweden Maersk Co Ltd, London, has sold three container carriers of the B-class to Swedish Nordea Finans Sverige AB in a sale and lease back scheme. The three container carriers
Two ships hijacked and one attacked Yesterday afternoon the Bermuda-flagged cargo vessel Talca was hijacked approximately 120 nautical miles off the coast of Oman and 180 miles south of Mazera, reports EU Navfor. The vessel
Prices lack direction Customs in Greece will be closed tomorrow.
Expert group to work on market-based instruments Feasibility studies and impact assessment of all MBI proposals to the IMO to be done by mid-August.
New Sales and Marketing Assistant for KPI's Seattle office Company says new appointment will support 'increased business activity'.
Exclusive: Unexpected benefits as ships avoid low sulphur zone Dick McKenna explains the positives of vessels skirting California's coastline and the potential problems of an ECA.
Mid-week prices falling in Fujairah NYMEX showing further losses in early trading.
Inventory numbers confound expectations With stocks both up and down, market looking at other factors.
Bunker spill in Croatian port Ferry collides with pier during docking.
Los Angeles gets go ahead for hybrid system Exceeding technologies in the auto industry, propulsion system cuts fuel usage by 95 percent.
Testing agency 'pleased' with changes to final draft of ISO 8217 DNVPS says the latest revision of fuel standard will be 'an improvement' on the 2005 version.
MEPC 60 considers new part to MARPOL Annex VI Proposal to regulate ships' energy efficiency avoids mentioning limits on CO2 or GHG.
Slow steaming offers 'huge potential' to cut emissions Encouraging slow steaming 'should be a priority for the IMO'.
Busan bucks weakening trend Bunker prices at other key Asian ports declined on Wednesday.
Equal conflicting pressures causing continual contraction in implied volumes Consumer hedges can sell into the still steep but skew in crude to own upside calls for zero cost.
COSCO eyes bigger share in bunker market Singapore-based bunkering arm to expand its core customer base.
Prices should take bearish slant despite uptick in bullish indicators Stalled investment cash flows and geopolitical issues should mitigate demand growth and pockets of shortages globally.
Cargo delay worsens Hong Kong supply shortage Tight supply of 180 cSt product to ease only in April.
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