China opens new high-speed rail line Two bullet trains glided silently out of a gleaming new station yesterday to inaugurate China's latest high speed rail line, as officials boasted of setting world records using domestic technology.
China Railway Construction slumps on Saudi rail loss China Railway Construction said it expects to lose 4.2 billion yuan (S$816.29 million) in unforeseen costs on a rail line for Muslim pilgrims in Saudi Arabia.
US sets new standards for trucks and bus emissions The United States on Monday unveiled new standards for heavy-duty trucks, vans, buses and delivery vehicles, aimed at improving their fuel efficiency and reducing emissions by up to 20 per cent.
Cargo ship freed but Somali pirates escape
Asian demand to sustain growth: Braemar
Strait Talk
P&I club system under threat TO outsiders the P&I club system must seem to be one of shipping's deeper mysteries. 'P&I' stands for protection and indemnity which does not really tell the uninitiated very much.
China opens new high-speed rail line Two bullet trains glided silently out of a gleaming new station yesterday to inaugurate China's latest high speed rail line, as officials boasted of setting world records using domestic technology.
China Railway Construction slumps on Saudi rail loss China Railway Construction said it expects to lose 4.2 billion yuan (S$816.29 million) in unforeseen costs on a rail line for Muslim pilgrims in Saudi Arabia.
US sets new standards for trucks and bus emissions The United States on Monday unveiled new standards for heavy-duty trucks, vans, buses and delivery vehicles, aimed at improving their fuel efficiency and reducing emissions by up to 20 per cent.
Cargo ship freed but Somali pirates escape
Asian demand to sustain growth: Braemar
Strait Talk
P&I club system under threat TO outsiders the P&I club system must seem to be one of shipping's deeper mysteries. 'P&I' stands for protection and indemnity which does not really tell the uninitiated very much.
A new direct call for CMA CGM in Vietnam The French shipping company CMA CGM recently announced that it will add a new direct call in Vietnam to its FAL3 Asia - Northern Europe service on 9 November. The FAL 3 loop, ...
Port of Rotterdam recovery remaining strong The port of Rotterdam (Netherlands) reported that its throughput increased over the first nine months of 2010 by 13.4% to 321 million t. Virtually all categories of goods show...
Barloworld Logistics Middle East appoints new managing director Sean Bradley has joined Barloworld Logistics as managing director - Middle East. He began his career in Kuwait in 1979 and brings more than 27 years of supply chain experience from...
Easyfresh: New global player in reefer logistics A group of well known international logistic operators recently formed an entity known as Easyfresh pool. The alliance is headed by Arkas A. Lojistik (Turkey), Gulf Ba...
DB Schenker and Kraft Foods open new distribution centre in Columbus, Ohio DB Schenker and Kraft Foods have built a 93,000 sqm state-of-the-art storage terminal in Groveport (Columbus) OH (USA). The facility was recently inaugurated by the managing d...
Transworld group of companies win three prestigious awards The Transworld group of companies has won three prestigious awards at a maritime and logistics award event held in Mumbai (India) on 30 September. The awards were presented for per...
Royal Caribbean beats outlook ROYAL Caribbean today reported stronger earnings than expected for the third quarter and predicted steady yield improvement in 2011
Fain mum on newbuildings ROYAL Caribbean could face a dry spell in newbuilding deliveries of at least a year, executives confirmed on today's conference call
French strikes persist, bill passed SEVEN of France's 12 refineries are still blocked today, and oil terminals at Marseilles and Le Havre remain strikebound as the country's industrial unrest comes to a head
Shreyas revenues grow 27% MUBAI'S feeder service operator Shreyas Shipping & Logistics, part of Transworld, today posted a 27% year-on-year rise in revenues for its July-September quarter
Brazil box expansions planned THREE companies plan to spend almost 1Bn reais together ($590M) to expand box terminals in Rio de Janeiro, Salvador and Santos
Tata advances iron ore plan TATA STEEL told the Bombay Stock Exchange today that a subsidiary is joining New Millennium in a joint venture to produce 4M tonnes of iron ore per year in Canada
Lawsuit filed over ACL deal THE PROPOSED $777M sale of American Commercial Lines to private equity firm Platinum Equity has spurred an investor lawsuit in Delaware
Tsakos warns of loss in third Nikolas Tsakos-led TEN expects tough tanker markets to bring red ink in third quarter but eyes full-year cheer.
Teekay linked to LPG sale Dutch gas owner Anthony Veder snatches ethylene carrier from Teekay LNG Partners, brokers claim.
ST sets sights on Brazil Singapore-listed parent of US shipbuilder VT Halter Marine sets up shop in South America's richest nation.
StealthGas pens ten charters Harry Vafias-led StealthGas finds work for raft of LPG vessels with Far Eastern outfit taking six.
JP Morgan cuts Teekay Corp Equity analyst slashes rating tied to New York-listed owner as tanker rates and third quarter earnings prospects come under fire.
Barents Sea bonanza for Sveaas Christen Sveaas-led Rederi AB Transatlantic celebrates after securing long-term deal for AHTS newbuilding.
Swiber sells Malaysian offshoot Singapore-listed offshore owner hands over Malaysian affiliate to mystery buyer for $1m.
Fain sees gain for RCCL Richard Fain-led Royal Caribbean Cruises booms in third quarter and eyes 'record EPS' in 2011.
Doomed cruiseship gets a tow Demolition candidate Caribbean Express needs help off Cape Town after dragging anchor.
Subsea 7 stung in Q3 North Sea contracts kick $294m to Kristian Siem-led offshore owner but profit still falls short in the third.
Marsh: 'Braemar staying put' No London exit or secondary listing planned by Alan Marsh-led broker which is boosting Asian presence.
Coscol lifts third quarter profit Cosco's heavy-lift arm enjoys hefty earnings gain to 30 September.
Dof Installer hunts $34m Oslo-listed offshore cartel calls on capital markets to fill financing gap tied to trio of newbuildings.
Braemar profit up on dry rise Alan Marsh-led broker boosts top and bottom line in first half as it ships Denis Petropoulos to Singapore.
Hapag-Lloyd hikes bond issue German container line selling another EUR 150m in notes to private investors as part of refinancing.
Shreyas Shipping sheds liner losses Strong recovery from Indian feeder owner in first half as revenues grow.
Worldscale rates on the up Analyst McQuilling predicts big rise in 2011 tanker flat rates after fuel price inflation.
Badger misses out on US cash Last North American coal-fired steamship fails to win $14m grant to convert to diesel.
Great Harvest splashes IPO cash Hong Kong owner reaps reward of share sale by snapping up Cido panamax due for delivery this year.
Prosafe cashes BW Offshore shares Accommodation rig owner sheds holding in Sohmen-Pao-controlled FPSO company weeks after its takeover of Prosafe Production.
K Line counting on Gujarat coke Japanese owner signs five-year bulker deal to import coal for Indian power firm.
Wake-up call for shipyards Singapore manpower minister Gan Kim Yong says yards issued with more than 100 safety warnings in last two months.
ACL under fire over Platinum sale US tug-barge giant being sued by investor who claims $777m private equity takeover undervalues his stake.
FOP breaks losing streak Fred Olsen Production returns to profit in the third quarter as FPSO market continues to improve.
Seaway laker grounds again John D Leitch refloated at Buffalo after second incident in little over a year.
Mermaid makes more from market Australian offshore shipowner lands $35m from investors to fund its first PSV splash.
Yangzijiang up a third Profits at Chinese shipbuilder see strong year-on-year growth on increased newbuilding deliveries.
Mercator profits stay flat Singapore spin-off sees revenues rise 21%, but operating costs jump on increased vessel hire expenses.
Maersk pleaded guilty to violating rest regulations A P Møller-Mærsk, owner of the British-flagged container carrier Maersk Patras, has pleaded guilty to eight charges of failing to provide adequate hours of rest for the crew
Finnlines adds St. Petersburg in ro-ro service Grimaldi-owned Finnlines will expand its existing ro-ro service between Hull and Helsinki by adding St Petersburg. The weekly service will be operated with the ro-ro vessels Finnhawk
Pirates left Beluga vessel empty-handed The Beluga Shipping heavy lift carrier Beluga Fortune is no longer hijacked. On October 24, a group of pirates boarded the ship in the Indian Ocean, but as they did
Egholm II to be salvaged today J A Rederiet (Jens Alfastsen) has signed a contract with the underwriters to salvage the sunken ferry Egholm II. The ferry is expected to be lifted out of the water
276 new container carriers to enter the market Some 276 new container carriers are expected to enter the market in 2010, Alphaliner reports. Total capacity will increase by 9.5 per cent and 1.42 million TEUs (Twenty
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
