Container volume here continues to fall THE trend that started in the last quarter of 2008 kicked in fully in January as transhipment at the port of Singapore plunged 19.6 per cent to 1.97 million twenty foot-equivalent units (TEUs) from 2.46 million TEUs a year ago.
MMC can now sell Johor port stake to foreign firms The Malaysian government has allowed MMC Corp Bhd to talk to foreign parties on the proposed sale of its port in Johor, relaxing an earlier stand, according to a report in Malaysia's Business Times, citing sources.
Daimler Trucks defies crisis with higher sales The commercial vehicle manafacturer Daimler succeeded in raising its turnover in 2008, despite the global downturn in the automobile sector. The number of trucks and buses sold ros...
Air France-KLM reports half-billion loss The Franco-Dutch carrier Air France-KLM flew into the red in the final quarter of 2008, reporting a loss of EUR 505 million. The turnover stagnated at 5.97 billion. The compan...
Short-time work at Lufthansa Cargo The German airline Lufthansa Cargo will introduce short-time work from 1 March, because of the decline in the air freight market. All 2,600 ground staff will work 20% less. Lu...
LAN to double the number of flights between Germany and Peru The South American airline LAN will raise the frequency of flights from Germany to Lima (Peru) from three to six weekly on 18 June. It will also provide better onwar...
Air Tanzania gets new partner Chinese investors are increasing their engagements in Africa. One of the beneficiaries is Air Tanzania. The Tanzanian government has sold a 49% stake in the airline to China Songan...
Labour heat rises on Hebei Two SOUTH Korean ships calling at Indian ports can expect close attention from Indian unions in a bid to publicise the Hebei Spirit case, the ITF said today
APL pays $26M in gouging claims NOL'S US subsidiary APL has agreed to pay $26M to settle federal claims that it overcharged the US military on shipments to Iraq and Afghanistan
CMA CGM to bypass Panama Canal FRANCE'S CMA CGM plans to reroute its Asia/Mexico/Caribbean PEX2 service and bypass the waterway on the homebound leg of the service via the Cape of Good Hope
Cyprus seizes Iran-tied materiel CYPRUS is today holding cargo from the Russian-owned general cargo vessel Monchegorsk ' cargo that has been at the centre of international intrigue for the past few weeks
ITF offers credit crunch advice THE ITF is offering to help shipowners facing difficulties from the fallout of the credit crunch
Good year for CMP Copenhagen Malmö Port (CMP) reports a SEK 181 million (EUR 16.6 million) pre-tax profit for 2008, up by 24 per cent compared with 2007. The result is the
Sharp drop in Suez transits The world economy downturn and the piracy hazard off Somalia has led to a 22 per cent decrease in Suez Canal transits in January, compared to January last year. A
Russian navy captures pirates off Somalia The Russian navy captured two small high-speed boats and a support vessel off Somalia, ten suspected pirates also were detained. Officials from the Northern Fleet's military service are currently
Former minister joins JL board The former Minister of Business Affairs Bendt Bendtsen has joined the J. Lauritzen Group as board member in the J. L. Foundation A/S. The foundation was set up in
Danish dredger recovered old ammunition off Estonia A explosion occurred in the pump-room area on the Danish dredger Gefion R last week. It turned out that the dredger had recovered grenades from the seabed during a
Maersk Supply takes delivery of the third T-class unit Maersk Supply Service has taken delivery of the third of the ten T-class vessels under construction from STX Shipyards in Brattv'g. In January the ship, newbuilding no 124, was
Unity Line cancels ferry order Polish Stemship has cancelled the order for two ro-pax ferries at SSN in Szczecin to be delivered to the company's subsidiary Unity Line in 2010 and 2011, respectively. Unity
Four crew members died on bulker Four crew members died on the South Korean-flagged bulk carrier, Bright Star, after a suspected food-poisoning outbreak onboard, off India, Tradewinds reports. The Indian Coast Guard were alarmed
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