Continental goes on trial for Concorde crash US airline Continental and two of its employees go on trial this week for the manslaughter of 113 people who died in a Concorde crash that put an end to the dream of supersonic travel.
Myanmar to privatise business ports The Myanmar authorities will privatise some port terminals' handling business, designating at least three port terminals in Yangon to be handed over to tender winning private enterprises for continued and effective operation, the local weekly Voice reported yesterday.
DP World mulls A$1b IPO of Australian unit0 Port operator DP World is considering a A$1 billion (S$1.25 billion) initial public offering (IPO) by spinning off some of its Australian assets, a media report said yesterday.
GAC new F1 motor racing partner for Williams team GAC will partner the AT&T Williams F1 motor racing team and develop cost-efficient logistics services to support the team's efforts to meet the demands of a cost-reduction prog...
Scan-Cargo celebrates 35th year with new pharmaceuticals services The Austrian forwarding and logistics company Scan-Cargo Spedition, founded in 1975 and based in Vienna, is celebrating its 35th anniversary this year. Besides air and sea freight ...
Rotterdam and Amsterdam introducing export control services The ports of Rotterdam and Amsterdam are aiming to become the leading European export centres. Portbase, both hubs' port community system, is set to introduce export control system...
ETIC and NYK negotiating over NCA/JAL cargo merger The merger between Nippon Cargo Airlines (NCA) and the freight division of Japan Airlines (JAL), announced last August, is on the rocks. NCA is a subsidiary of the Japanese logisti...
Horizon Lines reports Q4 results On a GAAP basis, Horizon Lines net income in Q4 totalled USD 1.3 million, on the back of revenues amounting to USD 299.7 million. This compares with a USD 20.3 million net loss, ba...
International Aero Engines to power 50 Jetstar A320s International Aero Engines (IAE), a multinational aero engine consortium whose shareholders are Pratt & Whitney, Rolls-Royce, Japanese Aero Engines Corporation and MTU Aero Eng...
Air Canada adding seven US cities to trans-border network Air Canada is introducing new services to seven American cities, fortifying its Toronto hub and strengthening its position as the leading trans-border carrier with most daily fligh...
New North Sea wind park on the drawing board The German company Wetfeet Offshore Windenergy recently presented its planned new North Sea wind park Global Tech I. A consortium will realise the project, which will supply renewa...
K Line acquires stake in US logistics provider K Line has acquired a 51% stake in Air Tiger Express Companies (ATEC), a US logistics service provider (26% at first, with an option for an additional 25%). The K Line group has re...
Weber Distribution appoints two new managers Weber Distribution, a leading third party logistics and supply chain management provider headquartered in Los Angeles CA (USA), has hired Chuck Mikel as its new freight services ma...
Nigeria tanker threat returns ROYAL Dutch Shell has shut some oil production in Nigeria after one of its pipelines was sabotaged, the company announced today
Regent backs off bond REGENT Seven Seas Cruises has delayed its $200M junk-bond offering due to "market conditions", a company spokesman confirmed to Fairplay today
HHLA, 'K' Line close deals THIS WEEK began with two key deals in shipping's logistics sector
COSCO Shipping plunges SHARES in COSCO Shipping, the Chinese operator of a fleet of 90 widely varied ships, fell today more than 5% and closed near the day's lows
German H&M book boosted GERMAN hull and machinery underwriters ramped up their insured fleets last year despite challenges in the claims sector
US Senate passes Iran sanctions US SANCTIONS against global companies that ship fuel to Iran have moved a step closer
Ship commandos boost danger? HONG KONG'S maritime industry is reacting negatively to confirmation that Chinese army commados are guarding HK-registered ships in the Gulf of Aden
Norfolk Line sells two ro-ro's to Tunisia Norfolk Line has sold two ro-ro vessels to the Tunisian ferry operator Cotunav. The first of the pair has been delivered and changed names from Maersk Vlaardingen to Amilcar
Karstensens to build large multi-task fishing vessel Karstensens Skibsværft has signed a contract with Norwegian Sævik & Ervik A/S, Fosnav'g, to build a super fishing vessel measuring 80.4 metres in length. The vessel will have equipment
Pirates use car carrier as mother ship Somali Pirates are reported to be using the Asian Glory, Eukor Car Carriers' vessel, as a mother ship. Seatrade Asia online writes that the vessel is now being used by
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