Somali pirates set to gain from Asia coal boom Booming Asian demand for South African coal will put more ships at risk from Somali pirates operating in the Indian Ocean and raise insurance and freight costs already hiked due to seaborne attacks.
Need for compliance services rising GROWING global concern over environmental and security issues and the resulting requirements to comply with new regulations such as the EU Reach and US Importer's Security Filing 10+2 programmes are causing more supply chain companies to see a need for more compliance services and to outsource some or all of their compliance functions, with the trend being highest among Asia-Pacific companies, a recent survey found.
Overseas Shipholding posts over US$23m loss for Q4 Overseas Shipholding Group (OSG), the largest US-based oil tanker owner, reported a fourth-quarter loss of US$23.2 million as shipping rates tumbled.
Sembcorp's rig for seadrill
Strait Talk
Muted response to emissions breakthrough I HAVE been a shipping journalist for over 20 years now but I am sure I have never come across a story like the one about Singapore-based Ecospec Global Technology's CSNOx gas abatement system.
Somali pirates set to gain from Asia coal boom Booming Asian demand for South African coal will put more ships at risk from Somali pirates operating in the Indian Ocean and raise insurance and freight costs already hiked due to seaborne attacks.
Need for compliance services rising GROWING global concern over environmental and security issues and the resulting requirements to comply with new regulations such as the EU Reach and US Importer's Security Filing 10+2 programmes are causing more supply chain companies to see a need for more compliance services and to outsource some or all of their compliance functions, with the trend being highest among Asia-Pacific companies, a recent survey found.
Overseas Shipholding posts over US$23m loss for Q4 Overseas Shipholding Group (OSG), the largest US-based oil tanker owner, reported a fourth-quarter loss of US$23.2 million as shipping rates tumbled.
Sembcorp's rig for seadrill
Strait Talk
Muted response to emissions breakthrough I HAVE been a shipping journalist for over 20 years now but I am sure I have never come across a story like the one about Singapore-based Ecospec Global Technology's CSNOx gas abatement system.
Thorsten Meincke joining Militzer & M'nch executive Thorsten Meincke, a highly-qualified and experienced logistician, will join the top executive of the Militzer & M'nch International Holding, an international transport and logi...
Santiago airport reopened after temporary closure The heavy earthquake that rocked the central Chilean coast around the city of Concepción on Saturday has also hampered air traffic in the country. The international airport in the ...
Kuehne + Nagel optimistic despite declining sales and profits The global logistics service provider Kuehne + Nagel (K+N), based in Schindellegi (Switzerland), registered declining profits in the crisis-ridden year that was 2009. K+N's net ear...
Damco gains Michelin contract in Vietnam The global freight forwarder Damco has been mandated to carry out logistics and customs clearance tasks in Vietnam for Michelin, one of the world's largest tyre manufacturers. The ...
Brenntag opens new facilities in France and Thailand Chemical distributor Brenntag has opened a new storage and distribution centre for speciality chemicals in Amiens (France). The facility, which can store 9,000 t, covers 15,000 sqm...
Bayernhafen Group lifting more boxes The Bayernhafen group, a German port service provider, successfully overcame last year's difficult market environment. The group reported handling 8.4% more containers in 2009. In ...
Greencarrier to open in Denmark The Gothenburg (Sweden)-headquartered logistics specialist Greencarrier opened its first office in Denmark on 1 March, parallel to its renaming of the recently acquired f...
Shippers turn to forwarders for downturn 're-tuning' Businesses facing the global trade downturn and market volatility are using international freight forwarders to reduce fixed costs, secure a wider carrier base and shift business r...
E.R. Schiffahrt names first three of its capesize bulkers in South Korea The Hamburg (Germany)-based shipping company E.R. Schiffahrt has held a naming ceremony in South Korea for the first of its new capesize bulkers. E.R. Schiffahrt's vessels, each we...
Plans for new Franco-Italian railfreight crossing Regional authorities in France and Italy are examining the feasibility of a new 19 km rail tunnel under Montgenèvre (Monginevro). They have given the go-ahead for a detailed study ...
UIA's tenth consecutive year in the black Ukraine International Airlines (UIA), Ukraine's leading international carrier, closed 2009 with a net profit of EUR 725,000, 27% less than in 2008, when net earnings reached EUR 99...
Switzerland to invest CHF 2.1 billion in road network Switzerland's federal department of the environment, transport, energy and communications (DETEC) has approved the country's road building programme for 2010. The government is inv...
Iata World Cargo Symposium 2010, Vancouver, 8-11 March 2010 The International Air Transport Association (Iata) is holding its World Cargo Symposium in Vancouver (Canada) from 8-11 March 2010. The theme this year focuses on what it will take...
11th Logistics Forum Duisburg, 10-11 March 2010 The 11th Logistics Forum Duisburg will take place in Duisburg (Germany) on 10 and 11 March 2010. The core topics of this year's event are transport logistics and transport markets;...
Retrack launches Cologne'Györ train service Retrack, a European research project, has launched a weekly railfreight service between Cologne (Germany) and Györ (Hungary). The train, operated by Transpetrol (a member of t...
APM rises as box shipping turns SHARES in Denmark's AP Møller-Maersk have risen by up to 2.5% in the first quarter, with the box shipping outlook improving, an analyst told Fairplay today
Finnlines posts dire 2009 FINNLINES today posted heavy losses for 2009, as revenues plummeted 33% and the result before interest and taxes slumped to €37M ($50.2M), from €98M last year
CMA CGM still paying late NYSE-LISTED Global Ship Lease, which relies entirely on charter-hire from embattled CMA CGM, confirmed today that payments remain behind schedule
Marinakis unveils Crude IPO AN IPO registration has been filed by Evangelos Marinakis-led Crude Carriers ' yet another sign of shipping's re-emergence on Wall Street
Asia takes West Africa crude ASIAN countries are reportedly snapping up record levels of West African crude in the first quarter
Finnish gloom seen lifting FINLAND'S 2009 economy suffered its steepest contraction in 90 years, with exports plummeting more dramatically than any other component, IHS Global Insight reported today
Seafarers released in Somalia SEVEN seafarers trapped in Somalia after their ship was detained more than six months ago have now left the country, Fairplay was told today
Global Carrier out of service for several weeks The Finnish roro-vessel Global Carrier will be out of service for three or four weeks for repairs after a collision in the port of Oxelösund on February 27. The
Wärtsilä main engines to South African research vessel Wärtsilä will deliver the four main engines to a Polar supply and research vessel on order at STX Finland Oy Rauma shipyard for the Republic of South Africa's Department of
MSC to order cruise vessel from France MSC Cruise has signed a letter of intent with STX France about the delivery of a 140,000 GT cruise vessel from the Staint-Nazaire shipyard in 2012. The final contract
Chile ports gradually reopening after quake Bunker suppliers say committed deliveries will go ahead where possible.
Bunker prices softer in Rotterdam, Hamburg NYMEX showing gains of more than $1 in early trading.
IFO prices weaken in Fujairah Many suppliers in Middle East hub fully committed for this week.
NOL reports 63% rise in volumes Container revenue still down year-on-year, but better than in late 2009.
Condition monitoring can help cut bunker consumption New guide gives ship operators an independent view of the monitoring technologies.
'Fuel-saving' air cavity system can be retrofitted DK Group says development is 'a breakthrough'.
Key ports see bunker demand picking up Prices in key Asian ports weaken.
Brightoil bunker sales volume surges 110.6% Net profit rises 155% for the first half of financial year 2009/2010.
Hope for 'shipping-friendly' STS legislation in UK waters Offshore bunker supplier warns tightening regulations could cut the flexible refueling options ship operators need.
China sees lower February fuel oil imports Bonded bunker players are major buyers in the market.
Oil tanker runs aground Tanker loaded with bunker fuel grounded.
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