AP Moller-Maersk sees return to the black Danish shipping and oil group AP Moller-Maersk said that it would return to a 'modest' profit for 2010 after weak global trade knocked freight rates and dragged it to a deeper loss than expected for 2009.
Finnish port strikes hit goods flow Finnish port workers went on strike yesterday, halting the flow of goods into and out of the country, the Transport Workers' Union said after talks with employers on a new wage deal failed.
Geodis acquires Bertola in Italy The French service provider Geodis recently acquired the Italian firm Bertola, and became a leading multi-business-line service provider in Italy. Through this takeover, Geodi...
Papp Italia is Dachser Food Logistics' new partner The international service provider Dachser started a partnership with Papp Italia srl in February. The pact covers refrigerated food logistics between Germany and Italy. Founded in...
Logistics World Alliance banking on Redur The European contract logistics collaboration Logistics World Alliance (LWA) has won a new partner in the shape of the Spanish logistics service provider Redur. With retroactive ef...
Bimco publishes Reflections for 2010 Bimco, the world's biggest private shipping organisation, has just published its Reflections for 2010. The compelling need to prevent shipping regulation becoming fragmented, ...
NYK Group offers aid to victims of Chile earthquake The Japanese shipping group NYK will be providing donations and free ocean transport for relief supplies in response to the earthquake that occurred in Chile on 27 February. Shipme...
MOL signs contract for long-term charters The Japanese shipping company MOL was recently awarded two long-term charters by an ExxonMobil affiliate and its co-venture partners in a Papua New Guinea LNG project. The cha...
Gefco plumps for the railway to haul Dacia cars The French service provider Gefco has announced that it will use the railway to convey new Dacia cars from Pitesti (Romania) to Monfalcone (Italy). Rail Cargo Austria and...
Germany: road and rail fight ideological battle There has been a slight shift of market shares from rail to road in Germany. This has triggered off discussions about truck traffic. According to provisional figures for 2009 the r...
New chairman of the Berlin-Brandenburg logistics network The Berlin-Brandenburg logistics network (LNBB) recently elected a new chairman in the shape of Professor Herbert Sonntag. He is the vice-president of Wildau technical univers...
VIII International Freight Forwarders' Day in Odessa, 31 May - 1 June The VIII International Freight Forwarders' Day will take place in Odessa (Ukraine) on 31 May and 1 June. The FFD is the annual international conference and event for professio...
YRC lays off 200 people in February The US less-than-truckload service provider YRC Worldwide laid off about 200 workers in February. Reuters has reported that staff were made redundant at YRC's Overland Park headqua...
OSG launches share sale TANKER giant Overseas Shipholding Group will sell 3.5M shares to generate funds that may be used to pay down debt
APM has $600M ghost fleet DEMARK'S AP M'ller-Maersk has $600M worth of LNG carriers lying idle as it reels from its $1Bn 2009 losses, the group confirmed to Fairplay today
Malacca terrorist strike feared SINGAPORE has sounded an alert that terrorists are feared to be planning an attack on tankers plying the Malacca Strait
NGO: toxic ship to be scrapped A GREEN group has told Fairplay that the controversial LNG carrier Margaret Hill will be scrapped after it was sold today
$1Bn in losses hit APM shares APM SHARES traded sharply lower at lunchtime today but recovered from the session's low after the group posted huge losses for 2009, the first in its 105-year history
Teekay still in red Top tanker owner prioritises cost saving, debt reduction and improved profitability.
Spot security Bjorn Moller in optimistic mood as he promises shareholders full spot market earnings will feed through to dividends.
Shuttle pain Teekay Offshore Partners back in the black but shuttle tanker revenue was lower than expected.
STX's yard splash Europe's largest shipbuilder to invest $100m in new Brazilian shipyard alongside partner PJMR.
Less for Saevik Havila boss Njal Saevik took a pay cut in 2009 as offshore market deteriorated.
Box bids Eight groups in the hunt to develop new INR 6bn terminal at JNPT in India.
Finnish shut-down Port workers walk out after talks on new collective labour agreement break down.
Teekay sells trio Offshoot Teekay LNG returns to profit and takes suezmax pair and handymax from parent in $160m deal.
Fresh start Tragedy-hit Philippines ferry group Sulpicio Lines renamed following Princess of the Stars disaster.
Eagle shifts A JP Morgan analyst maintains his rating for Eagle Bulk Shipping but re-evaluates certain estimates as the bulker owner changes charter focus.
Engineers burned Two Maersk crew splashed with hot oil after stuffing rag in pipe, the third in series of similar incidents on the owner's ships in two years.
Greek detention A Piraeus-based shipping company may face charges in a "magic pipe" case after a bulker was detained by the USCG.
Off to Rio Trans Viking anchor handler signed up for a four-month stint off Brazil at a rumoured $30,000 per day.
Malacca threat Tankers set to be target of terrorist campaign in Asian strategic waterway, say Singapore authorities.
Black ink not buys Nils Andersen says AP Moller-Maersk has placed a 2010 profit ahead of distressed buys on its priority list.
Statoil stinger North Sea market rocked by talk Helge Lund-led oil company will not be fixing anchor handlers for rig moves this month.
TNWA adds one Capacity-cutting trend reversed as boxship group deploys extra vessel from US to Thailand.
Finnlines loses Court agrees with pension fund that Finnish ro-ro owner's dividend pay-out should have been EUR 17m higher in 2008.
Diamond deal South African mining ship to go under the auctioneer's hammer in Namibia.
Master summoned Investigation into smash and spill in Texas will see Eagle Otome captain and crew testify at USCG hearing.
Horizon ship stalls Smoke causes crew to shut down engines on Chuck Raymond-led Horizon ship which heads to US for repairs.
SIN revamped Ten years on from Clarksons' original SIN a slicker "wickeder" version is unveiled.
Osprey lighter French navy begins removing cargo from grounded Eitzen Chemical tanker on Pacific atoll.
Smit stagnant Dutch tug and salvage company sees profits largely unchanged from a year ago as revenue falls.
Bonds for STXPO South Korean shipowner set to raise a further KRW200bn from investors with three year bond.
Chemoil crashes Singapore-based bunker supplier sees fourth quarter profits down by over 75% year-on-year.
Brawl on the Wall DHT's largest shareholder MMI lashes management and board over axed dividends and 'opaque' strategy.
Bunker boost Philippines ro-ro owner Aboitiz comes through a year marred by tragedy to post higher profit as fuel bills fall.
Maersk mauled AP Moller-Maersk posts worse than expected full-year loss as red ink from its container line passes $2bn.
Diamond bags trio US drilling company ties up two semi-submersibles and a drillship to Brazilian oil giant Petrobras.
Ferry sinks Passengers and crew leap from burning ship off Philippines, but all rescued by fishing boats.
Maersk posts historic loss A P Møller-Mærsk reports a full-year loss for the first time since World War II. The loss is due to a combination of a a weak container market
Port strike costly for Finland The stevedores of Finnish Transport Workers' Union, AKT, went on strike on March 4, 2010, halting most of the cargo handling in Finnish ports. Even if the ferry traffic and
Heavy fines for those that do not comply with sulphur limit Vessels that call at the port of Trieste and have fuel with too high sulphur content, risk fines of up to EUR 150,000. The port's new regulations came into force
Danish icebreaker service a step closer to termination The Danish governmental icebreaker service has come another step closer to termination. According to the Association of Danish Ports, the country's ports do not need the DKK 30 million annual
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