Baltic Dry Index rises on 1.6% capesize demand The Baltic Dry Index, a measure of shipping costs for commodities, posted its first gain in seven days as rates climbed on increased demand for capesize ships.
DP World's H1 profit declines 34% to US$175.3m DP World Ltd, the Dubai government-controlled company managing ports from the United Kingdom to China, reported a smaller-than-expected decline in first-half profit as cost cuts partially offset a drop in container volumes.
Duisburg and Frankfurt: rivals for DB Schenker's HQ The German cities of Duisburg and Frankfurt are battling for the future headquarters of Deutsche Bahn's freight division DB Schenker. A German on-line newspaper reported the servic...
Wincanton expands business with Myllykoski Wincanton, a leading supply chain solutions provider, has expanded its range of services for the Finnish paper maker Myllykoski. The service provider is now responsible for tr...
Agility establishes own sea and airfreight business unit in Norway Agility, one of the leading global providers of integrated logistics solutions, is expanding its services in Norway to include air and ocean freight. The company recently reported ...
Gondrand is preferred supplier of the SDH group The name Swiss Deluxe Hotels (SDH) stands for exclusive quality and the highest standards. The group operates 39 five star hotels around the world, including the Beau-Rivage in Gen...
Canadian government to improve Canada's transportation infrastructure The Canadian federal government, along with public and private sector partners, has committed almost USD 13.23 billion to project investments intended to expand and enhance po...
MOL to raise rates on Europe'Southern Africa trade MOL (Mitsui O.S.K. Line) has said that it has no choice but to announce a general rate increase (GRI) on its Europe'Southern Africa trade. MOL has informed customers that...
Taylors of Harrogate selects PD Ports as supply chain partner PD Ports has won a contract with tea and coffee specialist, Taylors of Harrogate (UK), to handle over 1,000 containers of imported tea and coffee annually. Taylors of Harrogat...
Happy birthday British Airways British Airways celebrated its 90th birthday on 25 August. The company, operating under the name of Air Transport & Travel Ltd, launched the world's first regular scheduled fl...
RAM continuing to modernise fleet The Moroccan national carrier Royal Air Maroc has received a Boeing B767, its fifth long distance aircraft.
Envirotainer uses Apport and Memnon Network Applications The Swedish temperature-controlled airfreight container manufacturer Envirotainer has signed a multi-year cooperation agreement with Memnon Network Applications to use the App...
US Environmental Protection Agency considers response in scrapping row ONE of the two ships at the centre of the toxic ship-scrapping furore in the US has sailed for Brazil.
US government embroiled in toxic ship-scrapping furore
China Cosco in steep first half losses CHINA Cosco Holdings, the Hong Kong-listed liner and dry bulk shipping subsidiary of China's largest shipping company, has reported a loss of $673m.
MSC Cruises mulls move to Italian register MSC Cruises has confirmed it is considering reflagging from Panama to Italy.
Bigger fleet boosts Seadrill revenues NORWEGIAN drillship owner Seadrill reported record profits and revenues in the second quarter of this year.
Nordic Tankers revises loss expectation NORDIC Tankers has further reduced its expectations to a loss of $6m-$10m, with up to $25.8m in vessel writedowns.
Cost jumps for Brazil refinery COST ESTIMATES for building the first new oil refinery in Brazil since 1980 have reportedly jumped to $12Bn, IHS Global Insight reported today
Gulf of Aden piracy heats up WARSHIPS have rescued an Italian general cargo ship that was attacked by pirates in the Gulf of Aden
DPW box throughput drops DP WORLD recorded a 10% drop in container volumes during the first six months of the year compared to the same period in 2008, the port operator said today
Losses mount at Aries ARIES Maritime Transport, which is in the midst of change-of-control talks with GrandUnion, reported widening losses today on lower rates and out-of-service time
Argentina strike stymies BA WITH NO solution in sight, Puerto Nuevo terminals remained paralyzed today by a stevedores strike in Buenos Aires, with workers adding pay demands
Clarkson's upbeat despite fall REDUCED freight rates and asset values have led to a 40% drop in profits for Clarkson's during the first half of 2009, the shipbroking giant said today
Stuve tried in Tordenskjold case in September One of the biggest legal cases concerning fraud in Norway will move forward when Tor Johan Stuve appears in court to explain his involvement in the Tordenskjold case. The shipowner
New record for heavy lifter A Jumbo Shipping vessel has set a new heavy lift record. When the two 900-ton cranes on the Jumbo Jubilee were tested, a ballasted pontoon weighing 1,992 tons was
ITIC warns ship managers The ITIC (International Transport Intermediaries Club) urges its shipmanager members to seek legal advice before entering into any contracts with owners relating to the lay-up of vessels. According to
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