Asset prices hit by supply overhang A SUPPLY overhang in the transport industry is depressing asset prices, even as global economies begin to show signs of recovery.
Asian cruise body appoints board of directors FOR the first time, the Asia Cruise Association (which acts for the industry in Asia) has appointed a board of directors in its push to expand the regional cruise tourism industry.
BNSF speeding up services The BNSF railway company is reducing transit times on 60% of its domestic intermodal premium container traffic services. The reduction of the transit time on BNSF's main transconti...
Eurotunnel shuttles 15 million trucks Eurotunnel has transported 15 million lorries through the Channel Tunnel since its truck shuttle service began operations in 1994. The operator celebrated the milestone on board a ...
Slump has firm grip on L'beck The global economic slump had a firm grip on the German port of L'beck in 2009. The amount of cargo handled in the hub, that is to say by port operator L'becker Hafen-Gesellschaft ...
Port of Seattle reports container traffic growth in December The port of Seattle has reported excellent container traffic results for December 2009, with imports growing by 32.6% and exports by 103%. While other northwestern Pacific ports su...
Luka Koper receives presidential support Dr Danilo Türk, the president of Slovenia, visited Luka Koper on 26 January to discuss the port operator's development plans. Türk expressed his support for Luka Koper's plans, as ...
Geodis expands Hamburg logistics centre Geodis Logistics Deutschland, a member of the French Geodis group, has expanded its logistics premises in the region of Hamburg (Germany). Geodis Logistics Deutschland and the Humm...
Militzer & Münch and Transnatur broaden alliance The international transport and logistics service provider Militzer & Münch, based in St Gallen (Switzerland), is broadening its strategic alliance with the Barcelona-based Spa...
Azkar with new Cordoba distribution centre The Spanish logistics service provider Azkar has integrated a new distribution centre in Cordoba into its branch network. The Las Quemadas industrial estate distribution centre is ...
Freja Transport to cooperate with Hamann in Belgium Danish transport and logistics operator Freja Transport is starting cooperation with Hamann International Logistics in Belgium on 1 February. Wetteren-based Hamann is one of the co...
Leif Krönkvist new Agility area west business development director Agility has appointed Leif Krönkvist as the director of business development of its area west. He will be based in Basel (Switzerland) and report to Hans Enzler, the area CEO. Krön...
C.H. Robinson selects Union Pacific as intermodal rail carrier of the year Union Pacific Railroad has been named "intermodal rail carrier of the year) for the frist time by C.H. Robinson, one of the world's largest third-party logistics companie...
Cummins' staff rose to green challenge Employees of Cummins Inc. responded to the company's 90th anniversary by participating in an environmental challenge. Since March 2009, 3,200 employees from eleven countries worked...
Volvo turns Nissan Diesel into UD Trucks Nissan Diesel Motor Co Ltd, the Volvo Group's Japanese truck company, is being renamed UD Trucks Corporation. In conjunction with the name change, which will take effect on 1 Febru...
Hupac opens new terminal in Antwerp The Swiss intermodal operator Hupac has opened a new, outdoor handling terminal at the port of Antwerp (Belgium). The port operator DP World, which is participating in the pla...
Japan Airlines decides on new top management positions The Japan Airlines Group has announced the names of the new group president and executive vice-president who will take office on 1 February. Masaru Onishi has been e...
Royal Caribbean avoids 4Q loss ROYAL Caribbean today announced that it doubled its fourth-quarter profits, as it reported promising booking trends
JNPT box facilities approved PLANS for a fourth container terminal at JNPT port near Mumbai in India have been approved by the cabinet committee on infrastructure
K-Sea shares KO'd A third of K-Sea's public equity value was wiped out Thursday after a surprise loss and an axed dividend
Tremors close Haiti port again AFTERSHOCKS have reportedly again closed Haiti's main port, less than a week after it was reopened for aid deliveries
Iron miners chase price rise MOVES by the world's biggest iron ore suppliers to negotiate 2010 prices with Japan and South Korea could hit China hard, Deutsche Bank has reported
Kremlin uncorks wine inquiry RUSSIA'S trust-busting Federal Antimonopoly Service has determined that wine imports cost 10 times too much ' and has begun a price-rigging inquiry
OSX preps IPO Upstart Brazilian shipbuilder and FPSO owner files papers to launch Eike Batista's fifth initial public offering.
Pirates stopped HMCS Fredericton intercepts skiff full of suspected pirates off Somalia but no weapons found.
Ready to beat Richard Fain's Royal Caribbean says it expects far more in first-quarter profits than analysts have projected.
Noble profits jump US rig and drillship owners sees fourth-quarter profits rise above Wall Street bets as it prepares for further gains from newbuildings.
OGX fixes Eike Batista's oil production outfit charters former Nexus 1 FPSO from sister company at $263,000 per day.
RCCL climbs Huge fall in profit no turn-off for investors as Royal Caribbean's shares rise on "better than expected" result.
Wet barges suffer Kirby Corp and K-Sea Transportation miss profit expectations in a tough domestic market. K-Sea shares plummet after dividend cut.
Rhea grounds Blue Ocean Maritime-controlled general cargoship runs aground in Spain's Algeciras Bay.
'Nothing illegal' Logistical misunderstanding behind brief detention of German tanker Marida Marguerite in Malaysia.
Russian raid Murmansk Shipping confirms talks over Sevmash chemical tanker newbuildings, plus Chinese bulkers.
Hijacking denied Syrian operator says ship Layla S nowhere near East Africa as reports claim it was seized by Somali pirates.
Cash pool China Shipping Group to launch CNY 5bn fund to invest in shipyards and insurance.
Bharati up Indian shipyard pushes up nine-month earnings as turnover soars.
Veteran free Decomissioned US tanker pulled off mud bank in James River 69 days after breaking free of mooring.
Not for sale Russian line Fesco will not sell terminals company stake, despite likely offer from partner.
Quarter back Hyundai Mipo's profit down by over 25% in 2009 as newbuilding orders fall.
Navios Orion held Greek-charterer bulker joins plethora of panamaxes and Norwegian tanker on US detention list.
Stolt happy Niels Stolt-Nielsen pleased with forecast-topping profit at the end of a challenging year.
HHI falls Korean yard giant sees fourth quarter profit drop 17% as revenues fall.
Sasebo dips Japanese shipbuilder suffers profit drop in first nine months as revenues take a hit.
Precious sells Thai owner's clear-out of veteran bulkers continues with disposal of Nayana Naree.
Spot a turn off Njal Saevik-led Havila targets more term deals due to poor fourth quarter market in the North Sea.
1 in, 8 in doubt Stolt-Nielsen buys chemical tanker but warns newbuilding octet at SLS could be killed off.
Daiichi dives Japanese bulker owner Daiichi Chuo sinks further into the red but raises annual revenue expectations.
Wartsila wobbles Finnish engine builder sees profits come in higher than a year ago, but marine equipment orders fall 83%.
Tiara taken Globus Maritime panamax finds new charter after stint with Korea Line, but at $46,000 less a day.
Cargo crunch US begins policing tougher shipment declaration rules in bid to counter terrorism threats.
Under control Oil and gas spill from Vietnamese LPG carrier contained off Binh Dinh province.
15 feared dead Three men rescued but rest of 18-strong crew missing after cargoship sinks off Colombia.
Safety shortfalls Three month concentrated inspection campaign finds significant shortcomings in lifeboat safety.
Saipem wins work Italian offshore vessel owner wins work for rigs from multiple locations stretching from Africa to Peru.
Search called off No hope for Myanmarese seafarer who fell from German boxship CAP Gilbert off Alaska.
Saudis order rig Singapore's Keppel FELS yard secures jack-up rig newbuilding order from Saudi Aramco.
Less orders but strong result for Wärtsilä Wärtsilä's net sales grew 14 per cent to EUR 5.3 billion and the profitability is reported to be at a record level, 12.1 per cent of net sales
Loksa Shipyard sacks its personnel Loksa Shipyard is laying off all its production personnel, consisting of of 525 employees, due to the current order drought. The company will keep two members of its management board
Esvagt to build standby vessel for Barents Sea service Esvagt A/S has signed a letter of intent with Eni Norway, subsidiary of the Italian oil exploration company Eni S.p.A, for a harsh environment standby/rescue vessel for all
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