Bangladesh and Ethical Supply Chains On a Saturday evening last November, an overtime shift at the Tazreen Fashions wearing apparel factory in Dhaka, Bangladesh, was in full swing. Nearly 1,200 workers, mostly women, were packed side-by-side in crowded rooms laboring feverishly at their machines to complete private label orders for customers that include Wal-Mart and...
Shipper Focus: Kimberly-Clark Sharing the Load If more shippers are starting to think about co-loading freight and sharing capacity to fight rising transportation costs, some credit should go to Kimberly-Clark. For more than two years, the $21.1 billion consumer packaged goods company has successfully shared truck capacity with another CPG shipper, Colgate, to improve distribution to...
Profit Climbs at Indian Rail Operator State-owned rail operator Container Corporation of India posted fiscal 2013 consolidated net profit of $167.5 million, up 7.5 percent from a year earlier. Revenue rose 8.5 percent to $800 million, while operating profit increased 3 percent to $216.5 million. Income from the core international freight hauling business grew 8.5 percent to...
Classic Products Bringing Fun Back to Toy Imports You have to wonder if parents these days are buying toys for their children, or for themselves. Toys classified as vintage and classic are all the rage this year, according to the Toy Industry Association. "They're the toys that the parents and grandparents enjoyed," said Stacy Leistner, vice president of strategic...
Ship Finance International Orders 4 Ships Ship Finance International, a Bermuda based charter ship owner, placed a speculative order for four ships capable of carrying 8,700 20-foot equivalent units. The order highlights the growing interest among ship owners in new container tonnage as shipyards slash prices to replenish thinning order books. The ships, which take SFI's order...
Who's No. 1? A year ago in this space, I wrote about the unpredictability of the weather and compared this natural variable to the equally unpredictable nature of our business. Today, the weather is still unpredictable, but with the arrival of this year's Top 100 Importers and Exporters issue, we find some constancy...
Moody's brighter on MISC Malaysian shipowner MISC is likely to go from strength to strength after returning to profit in the first quarter of the year, according to ratings agency Moody's.
LNG life turns frosty Hoegh LNG crewmen warm up with bout of fisticuffs.
CSSC inks bulker double China State Shipbuilding Corp (CSSC) is to build a pair of bulkers after signing its first ship leasing deal.
DSME to pocket $800m Daewoo Shipbuilding and Marine Engineering (DSME) has racked up an $800m order to build modules for offshore plants.
Zim frees up cash Israeli boxship owner Zim has freed up much needed cash by selling off stakes in a pair of Chinese container manufacturers.
Fire hits cruiseship A limited blaze on the Royal Caribbean cruiseship, Grandeur of the Seas, has been extinguished with no injuries reported.
GOGL in double swoop John Fredriksen's Golden Ocean has swooped for a pair of ice-class panamax resales at India's Pipavav Defence & Offshore Engineering in a move that could signal the cancellation of more delayed newbuildings in China.
Hanjin hit by tax row The share price of Hanjin Shipping dropped more than 4% today as chairwoman, Eun Young Choi, was accused of using a shell company in the British Virgin Islands to avoid tax.
Elderly cruiseship sinks An elderly expedition cruiseship is presumed to have sank in the Atlantic bringing a premature end to the vessel's final voyage.
Swedish trio team up Three Swedish tanker owners are teaming up to form Gothia Tankers in an operation that will control over thirty ships.
F Elephant bought A TMT-owned ore carrier has reportedly been sold at auction in China to a company with "close links" to the Taiwanese shipowner.
Trafigura orders at GSI Trafigura has reportedly ordered up to eight MR tankers at China's Guangzhou Shipyard International (GSI).
Harkand to buy Veolia Harkand, the offshore company backed by Oaktree Capital Managament, has agreed to buy Veolia Marine Services.
Imperial Oil wins marine fuel contract for up to $63.4 million 'This is a continuation of existing business to supply marine fuel to the federal government,' says spokesman.
Refinery fire could support LSFO prices Taiwan's CPC Corp has shut a unit at its Kaohsiung refinery.
Prices mixed in Rotterdam Market quiet in Hamburg.
Fujairah opens week firm Demand strong in Fujairah.
Shell to split Italian operations prior to sale More details of plans by Shell to sell much of its downstream business in Italy.
Defining debunkered fuel as waste is 'heavy setback' Dutch move renders material commercially useless.
Surge in cruise activity despite ECA No sign that low sulphur regulations have deterred cruise operators.
Asian bunker prices start week relatively steady Smooth supplies reported across key Asian ports.
BFC deploys another bunker tanker in Russian hub 'This reinforces the Group's position in North West Russia,' says company official.
Lukoil-Bunker sends tanker for servicing Firm's Murmansk branch will continue operating the Desna in the meantime.
LNG bunker players call for 'clear framework' of regulations The use of LNG as bunker fuel is still 'relatively unknown to the general public, market parties and government entities.'
Horizon Terminals to commission Fujairah facility 'this month' Commissioning of the $100 million facility is expected to begin at the end of May.
Condition survey notice issued for fuel oil tankers Members affected given until July 31 by West of England P&I club.
MSC announces new bunker surcharges Charges will take effect from June 1, 2013.
Order placed for 'eco-design' box vessels Vessels will be built to 'very high specifications,' says CEO.
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