Somali pirates extend their reach to Red Sea: IMB Somali pirates have carried out 35 of the 39 ship hijackings reported globally this year and extended their reach to the southern Red Sea for the first time, a maritime watchdog said yesterday.
Boustead unit wins naval contract Boustead Heavy Industries Corporation Bhd announced yesterday that its subsidiary, Boustead Naval Shipyard Sdn Bhd (BN Shipyard), has received a letter of intent from the defence ministry to undertake the construction of six second-generation patrol vessels with combatant capabilities.
Canadian activists say 'no tankers' in Vancouver Vancouver environmental activists sent a message to the Canadian government on Sunday, demanding that all crude oil tankers be banned from the British Columbia (BC) province coastline.
World record set as final breakthrough made in world's longest railway tunnel When the final breakthrough was made at 14.18 today in the Gotthard base tunnel, the longest railway tunnel in the world was cut. At 57 km the tunnel has set a new world record, an...
24plus banking on Wincanton for Germany's Heilbronn region The general cargo alliance 24plus logistics network has acquired a new system partner, namely the Heilbronn branch of Wincanton. By finding a replacement for the enterprise Spediti...
KLG Europe investing heavily in Romania The Venlo-based Dutch logistics enterprise KLG Europe completed the largest single investment it has ever made in October, putting more than EUR 25 million into the Rynart (Romania...
Petrolesport opening covered warehouse at ro-ro terminal The Global Ports group subsidiary Petrolesport is set to open a new covered warehouse at its ferry terminal on 20 October. The facility will allow Petrolesport and its partner line...
Deepwater access deemed key to Vietnam port scenario The chief commercial officer of the Cai Mep International Terminal (CMIT), Malcolm Gregory, has observed that the need for deepwater facilities will be one of the significant facto...
Lawyers pounce on ACL sale SECURITIES litigators are probing a deal to sell Jones Act barge major American Commercial Lines to private equity firm Platinum Equity for $777M
$20.3M granted for spill damage THE US Coast Guard has awarded $20.3M to New Jersey for a project to help the Delaware River recover from the 2004 Athos I tanker spill, Fairplay was told today
Antwerp regains boom traffic ANTWERP said today it has returned to pre-recession levels, with throughput increasing 13.2% year on year during this year's first nine months
Sovcomflot plans $500M debt sale RUSSIA'S Sovcomflot has made its first detailed public disclosure to investment markets in a multimillion-dollar debt prospectus
K+N lifts profit margins GIANT forwarding group Kuehne + Nagel said today it exploited the softening in box rates from shipping lines in the third quarter to lift profit margins in its seafreight business
SeaCube nears IPO pricing CONTAINER equipment lessor SeaCube is conducting investor roadshows ahead of an expected IPO pricing on 27 October
Wärtsilä axes 400 jobs FINLAND'S Wärtsilä announced today that it is laying off 400 workers under a programme first revealed earlier this year
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