Hanjin liquidates German unit Hanjin Shipping Co, South Korea's shipping line, will liquidate German unit Senator Lines GmbH as container freight rates collapse amid the global recession.
C.H. Robinson reports net income increase in Q4/2008 The US transport and global non-asset based third-party logistics provider C.H. Robinson Worldwide Inc reported a fourth quarter gross revenue up by 0.2% on Q4/2007 to USD 1.9...
Ceva Logistics wins contract with The Body Shop International PLC Ceva Logistics, a leading global supply chain management company, has been awarded a contract to manage the UK inbound logistics activities for The Body Shop, part of the L'Oreal g...
World Air Cargo Event in Bangkok, 18-20 February 2009 The World Air Cargo Event will take place in Bangkok (Thailand)'s state-of-the-art CentralWorld from 18 to 20 February 2009. In addition, the WCA Family of Logistic Netwo...
"K" Line launches new service for West Africa Kawasaki Kisen Kaisha Ltd ("K" Line) is launching a new service between South Africa and West Africa. The link will enable "K" Line to tap into the growing Asia to West Africa mark...
New World Alliance and Grand Alliance suspend joint service The New World Alliance (TNWA) ' MOL, APL, and Hyundai Merchant Marine (HMM) ' and Grand Alliance (GA) ' Hapag-Lloyd, MISC Berhad, NYK, and OOCL ' announced the suspension of their ...
Trans-Siberian railway: still no breakthrough for transit traffic According to figures published by RZD, the Russian state railway company, the total volume of international container traffic on the trans-Siberian route via Russia's Far Eastern p...
Pallet exchange costs going up The German economy will have to spend more on exchanging pallets in future. The Fraunhofer Institute for Material Flow and Logistics (IML), based in Dortmund (Germany), h...
New Flame collision was avoidable OVER-reliance on electronic navigation aids in a busy shipping area contribued to collision, official investigation finds.
Heavy metal Crane makes light work of New Flame
Efthymiou attacks brokers in swansong as UGS leader MAJOR shipbrokerages have come under fire for their valuations of vessels against the recent collapse of shipping markets.
'K' Line warns 'severe' squeeze DETERIORATION of the global economy will lead to a severe squeeze on box shipping, Japanese shipper 'K' Line has warned
Santos labour boss busted POLICE in the Brazilian port of Santos have arrested the head of the local casual port labour pool on suspicion of involvement in drug trafficking
US logistics hurdles persist LOGISTICS hurdles continue to challenge American exporters, warned Brian Taylor, president & COO of Horizon Logistics
Curaçao inks deal with Panama Canal CURAÇAO Port Authority's plans to expand its cargo and cruise business took a step forward today with the signing of a joint promotion deal with the Panama Canal
Maersk Line UK HQ to Liverpool LIVERPOOL is to become the headquarters for APM's Maersk Line UK & Ireland, the public-private Mersey Partnership announced today
BHP Billiton profits plummet FIRST-HALF net profits for BHP Billiton have fallen 56.6% from that period of the previous financial year
Senator Lines to cease operations The German carrier owned by Hanjin becomes the first high-profile victim of the deepening slump in global container shipping
Wilhelmsen sells ITM to V.Ships Wilhelmsen Ship Management has sold International Tanker Management, ITM till V.Ships. ITM is technical manager for some 45 tankers. The Dubia-based company has offices also in Hamburg, Singapore and
Hurtigruten financial strategy backed by banks The creditors of Norwegian ferry/cruise operator Hurtigruten have agreed to move NOK 1.7 billion in loan payments due between March this year and December 2011 to March 2012
German yards suffer in financial turmoil According to the German Shipbuilders' Association (Verband f'r Schiffbau und Meerestechnik e.V.) the domestic yard industry signed newbuilding contracts for 46 vessels in 2008 ' it's the lowest order intake since
Container giants suspend joint Black Sea service The two large container alliances, the New World Alliance (MOL, APL and Hyundai Merchant Marine) and the Grand Alliance (Hapag-Lloyd, MISC Berhard, NYK and OOCL) will temporarily suspend their
Turkish cargo vessel freed The Turkish cargo vessel Bosphorus Prodigy, built in 1985 and on 3,840 DWT, and its crew of eleven, is said to be released, international media reports. The vessel was seized
Ice-breaker delivered to Lukoil The Russian oil company Lukoil has taken delivery of the multi-purpose ice-breaker Varandey from Keppel Singmarine, Singapore. The vessel will assist tankers arriving at or leaving the Varandey
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