180b yuan to expand Wuhan New Port capacity Authorities in central China's Hubei Province announced yesterday that they will invest more than 180 billion yuan (S$35.6 billion) to expand throughput capacity of Wuhan New Port on the Yangtze River between next year and 2020.
Panopa takes over worldwide spare parts logistics for Ammann The German service provider Panopa Logistik has taken over worldwide spare parts logistics in the compacting machines division of Switzerland's Ammann Group, a leading construction...
DHL partnership with Interstate Transport and Trans World Forwarding DHL Global Forwarding has entered into a partnership with Interstate Transport and Trans World Forwarding, in order to offer customers a complete perishable supply chain solution f...
Marketing association to promote Germany as a logistics location Eight German associations and companies recently teamed up in Frankfurt to found a promotional body to market Germany as a logistics location under the aegis of the Association of ...
Padua becomes sixth Italian destination for Loxx Padua became the sixth Italian destination of the logistics enterprise Loxx at the end of November. To this end Loxx intensified its cooperation with Italmondo, one of several part...
Iata believes freight volumes may be turning the corner The International Air Transport Association (Iata) has published international traffic results for October, which show a 14.4% year-on-year increase for international freight. Sinc...
CMA CGM eyes IPO at deal's end CMA CGM could seek a public listing when the $500M investment of Turkey's Yildirim group comes to its term after five years
Most Sky crew released CREW MEMBERS of a Turkish vessel detained in the UK have been released by police in Turkey, a day after they were arrested on their return to the country, the ITF said today
Antwerp seeks wind farm partner THE PORT authority of Antwerp and the local authority-controlled Left Bank Corp are looking for a partner to help them build Belgium's largest onshore wind farm
Golar LNG returns to profits NORWAY'S Golar LNG returned to the black in 3Q10, but subsidiary Golar LNG Energy recorded deeper losses
Partners ponder Gothenburg bid CMA CGM and its new Turkish partner, the Yildirim group, could bid for the Swedish port of Gothenburg's container terminal, Yildirim's chairman said today
Gazprom takes Klaipeda capacity LITHUANIAN oil terminal operator Klaipedos Nafta has signed a fuel oil export deal with a trading subsidiary of Russia's Gazprom, IHS Global Insight reported today
Four charged over weapons FOUR PEOPLE have been charged with arms trafficking after illegal arms were discovered in boxes in Nigeria last month, IHS Global Insight reported today
Offer of cake today but a Guinness tomorrow? A misjudgement of the mood of its seafarers has left Maersk Line with egg and flour on its face. Inviting crew to celebrate a USD4.2 billion nine-month group profit by joining Copenhagen management in eating a slice of Danish lagkage [cream cake], while said mariners were still smarting from an intense period of radical cost-cutting, was in hindsight ill-advised.
CMA CGM confirms more details of its financial restructuring
Saade's deal and no deal Jacques Saade may have opened $500m box but Turkish 'banker' Yildirim had offered CMA CGM twice that.
CSDC keeps on ordering Chinese owner pens new deals for 82,000-dwt bulkers at Guangzhou Longxue, bringing total to 32 vessels since August.
Hope for MCL Bremen crew German owner of ship boarded by pirates off India says crew safe but still in lock-down.
TUI lines up Hapag-Lloyd sale German tourism group wants to sell its near 50% stake in container line, but could retain some ownership.
Pirates board German ship Fate of MCL Bremen and crew unclear after hijack effort closer to India than Somalia.
Normand Ranger blaze contained Solstad Shipping anchor-handler crew bring engine room fire under control off Norway.
Quotes of the week Costamare is polishing its revolver while Jens Martin Jensen sticks the boot into Frontline's rivals.
IPO on Saade's radar CMA CGM could eye listing at end of five-year investment from Turkey's Yildirim Group, French owner reveals.
Restis crew arrested in India Greek bulker Dynamic Striker's master and three officers face criminal charges in Mumbai cargo dispute.
Bond boost for DOF as it raises $97m Norwegian offshore vessel operator satisfied even though bond raises less than upper end of target range.
New5 in Numb3rs Tsakos and NYK plan contrasting entries into the shuttle tanker sphere while Maersk takes containerships into another world.
Hijack fear for boxship Albedo Contact lost with Malaysian vessel as pirates board from seized Greek tanker, three other ships targeted.
New bulker bashes Indian jetty Goldbeam vessel damaged after hitting dock while berthing at port of Paradip.
Three men die in sinking Nine other crew feared dead after cargoship Huiying 168 goes down off China.
NOCC still skidding despite trade boost Oslo listed car carrier operator remains in the red although market shows signs of improving.
Kim Heng fined over yard death Singapore shipbuilder, two employees failed to take adequate safety measures before worker fell to his death in 2008.
"Disguised" stowaways discovered Two Ghanaian men held in Hamburg had sneaked on board German boxship by posing as stevedores.
Sea life through a camera lens We are getting more entries than ever from seafarers with just a week to go before the deadine falls on TradeWinds' annual photo competition.
STX Europe slashes nine-month loss Korean-controlled shipbuilder more optimistic on winning new cruiseship orders as deficit reduced.
Costly quarter for Golar LNG Energy John Fredriksen's spot LNG company hampered by higher operating expenses as losses grow in third quarter.
Golar eyes LNG cheer John Fredriksen-connected owner bullish on LNG fundamentals but finance costs erode bottom line.
CECO sells LPG oldie Camillo Eitzen-led owner reveals sale of Sigmas Master and reports smaller loss despite revenue drop.
Lower costs help STX OSV Norwegian shipbuilder recently listed in Singapore sees profits jump 69% on back of reduced costs.
Saade bags Yildirim cash Jacques Saade-led liner giant CMA CGM finally lands $500m investment from Turkish group for large stake.
BP in VLCC charter victory over NSCSA Saudi owner's claim for demurrage and bunkers for change of berth fails.
PST in fresh bulker splash Supramax orders take Teo Chew Wee-led shipping trust's recent newbuilding spree to $330m.
Keppel wins Standard rig Singapore shipyard joins jack-up drilling rig newbuilding rush with order for Norwegian owner.
S'pore eyes strong finish Lion Republic's container throughput set for second best year in a decade despite uncertain economy.
Most Sky crew arrested in Turkey Seafarers escape "squalid" ship in UK only to be welcomed home by police at Istanbul airport.
Dredger arrested by ITF Denmark Baltic Dredging ApS, a Danish-registered company with Swedish owners, has trouble with ITF Denmark over ten Indian seafarers signed on the Panama-flagged dredger Lesse. The crew has been
Alfons Håkans to rent repair yard The Finnish shipping company and tug operator Alfons Håkans will take over the operations at the repair yard at Suomenlinna off Helsinki from May 1, 2011. The dock is 120
Yildirim Group buys 20 per cent of CMA CGM Turkish Yildirim Group buys 20 per cent of the worlds third largest container company, French CMA CGM, at a cost of USD 500 million. Yildirim will get three out of
Russian company may buy Helsinki shipyard Russian media has reported that the Russian state owned company United Shipbuilding Corporation is going to buy a 50 per cent of STX Europe's Helsinki shipyard. According to the anonymous
Week ends with mostly firm prices Climb in US dollar causes crude futures to slightly drop.
Gastech Hosted Buyers Programme 2011 set for Amsterdam Programme will enable global LNG and LPG community to meet service providers on a one to one basis, according to event organiser.
Bunker prices stable in the Middle East Bunker prices in Suez sees little change.
Rotterdam bunker market steady HSFO products tight in Hamburg.
2020 global 0.50% sulphur cap 'impossible' Industry expert Robin Meech predicts deferral to 2025 or longer to meet the aspirations of MARPOL Annex VI.
PetroChina to strengthen its fuel oil trading unit State-owned company buys out China National United Oil Corp.
New CEO for Ventrin Jones leaves Staatsolie Maatschappij Suriname NV.
'Little time' for shipping to comply with sulphur caps Maersk official warns against a 'late rush' to become sulphur compliant.
Bunker prices firm as week closes Tight avails in Hong Kong, traders say.
OOCL raises bunker surcharges for Australia-Asian routes New rates will apply in December.
Brightoil CFO steps down Sam Cheung retired as executive director of the company at the conclusion of the company's annual general meeting on Thursday.
Essar Oil sells 380 cSt cargo at lower discount Sells third December-loading cargo to BP.
Sri Lankan shipping agency blasts local media over spill report Claims newspaper added a political dimension to the story.
Singapore bunker deliveries 'back to normal' Terminal congestion has eased, according to local traders.
Chimbusco October bunker sales down 6% Chinese supplier still on track to post record bonded bunker sales volume for 2010.
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