Container market stirring as lines adjust capacity THE container market is starting to stir again after months of quiet consolidation, with lines shuffling capacity around and shippers starting to complain about rising rates.
Lower profits for Hutchison, Cosco Hutchison Whampoa Ltd's port unit, the world's largest container terminal operator, and Cosco Pacific Ltd posted lower second-half profits as a global recession dampened world trade.
Women on the board: the reality and the myth MANY businesses worldwide are still failing to make the most of female talent, according to a report issued on International Women's Day by the World Economic Forum.
Strait Talk
Balanced on a knife-edge ANYBODY sitting through the keynote conference session at last week's Asia Pacific Maritime trade show will have come away with a much better idea of the current state of shipping markets, especially of the liner trades.Â' I know I certainly did, and I spend most of my time writing about those topics.
Container market stirring as lines adjust capacity THE container market is starting to stir again after months of quiet consolidation, with lines shuffling capacity around and shippers starting to complain about rising rates.
Lower profits for Hutchison, Cosco Hutchison Whampoa Ltd's port unit, the world's largest container terminal operator, and Cosco Pacific Ltd posted lower second-half profits as a global recession dampened world trade.
Women on the board: the reality and the myth MANY businesses worldwide are still failing to make the most of female talent, according to a report issued on International Women's Day by the World Economic Forum.
Strait Talk
Balanced on a knife-edge ANYBODY sitting through the keynote conference session at last week's Asia Pacific Maritime trade show will have come away with a much better idea of the current state of shipping markets, especially of the liner trades.Â' I know I certainly did, and I spend most of my time writing about those topics.
Momentum Logistics opens third new office in Abu Dhabi A little under 18 months after it first opened its doors in October 2008, Sharjah-based Momentum Logistics, a subsidiary of international port management company, Gulftainer, has c...
UTi with higher revenue and operating profit in Q4/2010 The forwarding and logistics company UTi Worldwide Inc, headquartered in Long Beach CA (USA), has reported its financial results for its fiscal Q4/2010. Revenues were USD 991.5 mil...
DB Schenker Logistics with less revenue and operating profit in 2009 DB Schenker Logistics, the logistics division of the state-owned German rail and logistics operator Deutsche Bahn (DB), has released its 2009 results. Revenue fell by 23.4% to...
Indian ports see growth With economic activity picking up in Europe and across many other countries, Indian ports have registered growth in February for the seventh consecutive month. India's major ports ...
WWL expanding North America-Middle East service Wallenius Wilhelmsen Logistics (WWL), a global leader in factory-to-dealer logistics, has announced significant enhancements to its ocean service from North America to the Middle E...
Grimaldi Naples serving Libya with new direct link from Spain The Naples (Italy)-based shipping giant Grimaldi has strengthened its Mediterranean network by a direct ro-ro line connecting Barcelona and Valencia (both Spain) to the Libyan port...
New ferry call in Le Havre The "Norman Arros", afast ferry chartered by LD Lines, made its first call at the Terminal de Grand-Bretagne at the port of Le Havre (France) on 29 March. The vessel is t...
Emirates and Etihad inaugurate service to Tokyo With the start of the new 2010 summer schedules, the UAE-based airlines Emirates and Etihad launched their new nonstop services to the Japanese capital Tokyo. Etihad's Tokyo servic...
European reactions on outcome of EU-US negotiations ACI Europe, the European region of Airports Council International (ACI), the worldwide professional association of airport operators, has welcomed the outcome of latest round of EU...
JAL reduces its international cargo fuel surcharge Japan Airlines (JAL) is reducing its international cargo fuel surcharge for flights departing from Japan only on 1 April. In April 2009, JAL began to adjust its cargo fuel sur...
UK eyes cash injection for seafarer training Owners and unions welcome government shift on schemes to boost new intake
Danaos in moves to fend off cash crunch Containership owner in talks over future funding for ongoing fleet expansion
UN climate change group to debate levy on shipping London meeting to be co-chaired by British Prime Minister Gordon Brown and his Ethiopian counterpart Meles Zenawi
Excel Maritime names two new senior executives Chief financial officer Lefteris Papatrifon to be replaced with two appointments made from outside the shipping industry
West/East VLCC trades soar US ANALYST McQuilling has reported new data confirming that West-to-East VLCC trades are playing a far more pivotal role than in the past
Erika spill verdict is upheld A FRENCH appeals court today upheld a ruling that oil major Total and related parties were criminally responsible for environmental damage from the Erika oil spill
Aker-Petrobras deal signed BRAZIL'S Petrobras today signed a three-year deal with Aker Solutions to provide offshore services, Aker announced
Ship towed off Florida Keys A DISABLED box ship was under US Coast Guard tow today 56km southwest of Marathon in the ecologically sensitive Florida Keys
Seafarers sought in sinking SALVORS are searching today for two seafarers from the reefer ship Kea, which sank about 160 miles off northwestern Spain
Results mixed at Polish ports POLAND'S Gdynia, Szczecin and Swinoujscie have recorded a joint 14% drop in cargo handling from 2008 figures
Artis raises TBS stake ARTIS Capital Management, the San Francisco hedge fund, is rapidly amassing ownership in TBS International and now holds 17.6% of outstanding shares
'Ghost fleet ' tied to Saipan scrap bid Salvage outfit tipped to win lucrative scrapping contract for Marad's mothballed Suisun Bay Reserve fleet.
Pricing prospects for Scorpio IPO Wall Street appears anxious for Lolli-Ghetti family tanker outfit to reveal the pricing scheme for its initial public offering.
Iron ore pricing boosts bulkers? Drybulk stocks may see major gains following new iron ore pricing schemes, says an analyst at Deutsche Bank.
Kirby tug in 'big river' crash Barge sinks following collision between two tugs in the Mississippi River.
CMB proposes payout slash Euronext-listed parent of drybulk outfit Bocimar may chop end of year dividend as much as 24%.
Weather sparks piracy threat Marad issues urgent three-month warning for US-flag ships transiting pirate-infested waters.
Total fails in Erika appeal Oil major's protest it was not responsible for the 1999 disaster falls on deaf ears at French appeal court.
Asian carriers in fleet cull Hanjin and NYK lead the pack as Asian carriers shed tonnage via scrapping and second hand sales, Alphaliner says.
Genco profit forecast sliced A looming end to several charter contracts leads analyst to cut full-year view on Peter Georgiopoulos-led shipowner.
Wet woes are brushed aside Six out of 10 tanker charterers predict rate rise this year up from only 20% in January, survey shows.
Curoil confirms product availability All grades available despite refinery strike.
Stena Bulk to test air cushion ship in Sweden Reducing frictional resistance is expected to see energy savings of 20 to 30 percent.
Prices firming across Europe Double-digit gains in South Europe.
Prices lack direction in Fujairah Durban prices also mixed.
NYK's first 'bubble' ship ready Company says it will be the first vessel engaged in overseas transport to make use of a permanently installed air-lubrication system.
Bunker surcharges under attack Asian shippers call the charges 'unreasonable and discriminatory'.
Total loses appeal over Erika spill French appeals court confirms that oil major was negligent.
Quadrise Fuels 'pleased' with marine sector progress Hopes its emulsion fuel will make headway in marine market through cooperation with Maersk, reports narrowing losses.
RN Bunker joins Russian bunker association Members of RosMorRechBunker cover 70% of the Russian bunker market.
Lukoil not yet active in Constanza
Bunker prices strengthening Hong Kong prices, however, are generally stable.
Brightoil spends $7.7 million on cargo pumps Takes order from New York-listed firm, which will supply 180 pumps through 2011.
Singapore floating storage construction tender in progress Government agency completes phase two project studies and targets to call for tender in Q2.
Hong Kong releases 2009 bunker fuel sales data Official statistics similar to industry estimates of 5-6 million mt.
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