Treasures from shipwrecks on display in KL SEAFARERS from all over the world have sailed through the waters of the Malay archipelago for centuries. Some of their vessels succumbed to inclement weather, leaks or attack and ended at the bottom of the sea.
Cargo traffic on the rise in Azerbaijan Haulage companies in Azerbaijan transported 8% more cargo between January and July 2011 than in H1/2010. According to a report published by the Azerbaijan state statistics committe...
Continental Tires plans major ramp-up in India Following the recent acquisition of the Modi Tyres Company by Continental, the new entity Continental India is ramping up its operations significantly in both replacement and OEM b...
Air New Zealand posts good cargo performance Air New Zealand has announced normalised earnings before taxation of NZD 75 million (EUR 43 million) for the twelve months to 30 June. The result is 45% down compared to the 2010 f...
Rail container handling up in port of Barcelona The railway is gaining ground in the port of Barcelona, for cargo transported to and from the port area. According to the latest statistical report on railfreight between January a...
Sydney ports with new record The Sydney Ports Corporation (SPC) has announced that container traffic through Port Botany exceeded 2 million teu in a financial year for the first time, having loaded and dischar...
Air Mauritius extends contract with Traxon Europe Air Mauritius, the flag carrier of the republic of Mauritius, recently extended and expanded its contract with Traxon Europe, an international provider of electronic airfreight com...
K+N appoints Yngve Ruud as manager for northwestern Europe Kuehne + Nagel has appointed Yngve Ruud as its new regional manager for northwestern Europe, with effect from 1 October. He will succeed Tim Scharwath, who will become a member of ...
New M&M express links in Central Asia The international transport and logistics enterprise Militzer & Münch (M&M), which is headquartered in St Gallen (Switzerland), is expanding its services by adding express ...
Hamburg Süd expanding in Central America Hamburg Süd is set to expand its coverage of the west coast of Central America from 4 September, by joining APL in a two-loop service. Hamburg Süd will provide one vessel to string...
Brunel Awards winners announced The Association of American Railroads (AAR) and the International Union of Railroad (UIC) have jointly announced that 44 projects from twelve nations have been recognised for desig...
Boeing and Delta in massive B737 order Boeing and Delta Air Lines have announced an order for 100 next-generation B737-900ER airplanes. The large single-aisle aircraft order, with a list-price value of more than USD 8.5...
New Spain-Algeria liner service The German shipping line Sloman Neptun Schiffahrts Aktiengesellschaft Bremen is set to launch a regular liner service between Spain's Mediterranean coast and Algeria. The "MS ...
CMA CGM foundation to help Somalia A CMA CGM corporate foundation has joined forces with the World Food Programme (WFP), the United Nations agency at the forefront in the fight against hunger, to transport aid to th...
APL Logistics wins second Rosemount award APL Logistics has received the best supplier award from Rosemount, a subsidiary of the global manufacturing technology giant Emerson Electric Company, for the second year in a row....
Toll Group reports impressive sales increase The Australian transport and logistics giant Toll Group has reported sales revenue of AUD 8.2 billion for the year ended 30 June, up by 18% on the prior year. Total operating profi...
Alpha-Eurobank merger heralds bigger force in Greek ship finance On current business the expanded bank would vault into the top five lenders to Greek shipowners
MSC picks Tauranga as its NZ hub Port of Tauranga gets an edge over its rival Auckland as MSC chooses it as the only New Zealand port of call for its new Oceania Express service
Jaya net profit falls 19% No quick recovery in OSV charter rates likely says owner and shipbuilder Jaya
Rongsheng inks pact with China Development Bank Shipyard adds $4.7bn in credit to recent agreements with banks worth more than $10bn
Offshore construction buoys STX Europe profits Second quarter Ebitda $98, up year on year $38.2m
Follow the leader? The current market malaise, clearly, is everyone else's fault
What is Cosco thinking? What is Cosco thinking? Is it desperation, audacity, hubris or all three that is driving the Chinese giant right now?
Bargain hunters prepare to bag distressed deals KG opportunity fund specialist Oltmann predict rash of acquisition opportunities for anticyclical investors
Omega Navigation hits back at HSH Nordbank Chapter 11 challenge Bank's attempt to force us out of Cahpter 11 is "groundless and offensive" says company lawyer
Chinese steel mills use more local ore Production figures suggest reduced Chinese reliance on iron ore imports
Dry bulk utilisation rates approach key 90% level as demand picks up Reconstruction in Japan is one factor that has tightened the supply of tonnage available
Horizon Lines completes mammoth recapitalisation Noteholders to own up to 95% of company after debt-for-equity swap; reverse stock split announced to stave off delisting
Evergreen profit down 98% in second quarter $10m operating loss offset by investment gains leaving net profit for the quarter at $2.8m
Owners and managers 'unaided' in fight against piracy, says Paradise Greece based manager confirms release of 'Polar' after 10 months captivity, but slams failed international policies
Zim remains in the red Israeli line posts $68m second quarter loss as freight rates keep lines in the doldrums
Star Reefers awarded damages from JFC Russian fruit importer ordered to pay $16.5m
CSX Expands Columbus Intermodal Terminal CSX will spend $59 million to expand its intermodal terminal in Columbus, Ohio, leveraging its new terminal to the north...
Purolator Adds Three US Offices Canadian logistics company Purolator International said it plans to open three more branch offices in the U.S. this year, after...
Diesel Prices Rise First Time In Six Weeks Diesel prices across the United States rose 1 cent in the week ending Aug. 29, increasing for the first time...
LAX Freight Decline Accelerates in July Freight tonnage at Los Angeles International declined for the fourth straight month in July, falling 7.3 percent in an accelerating...
Consumer Spending Jumps 0.8 Percent Consumer spending rose 0.8 percent in July, the Commerce Department reported, as strong demand for motor vehicles led the strongest...
Clean Energy Fuels Gets $150 Million Boost Three global investors will pump $150 million into a U.S. company that plans to build a nationwide network of natural...
DOT's Summer Stimulus Nears $2.2 Billion The Department of Transportation has paid out nearly $2.2 billion to states in stimulus project funds this summer. The...
CMA CGM Forecasts Positive 2011 CMA CGM expects 2011 to be a positive year despite reporting a 72 percent year-over year decline in first-half profit...
Court Overturns Onboard Truck Recorder Rule A federal appeals court overturned a rule that would require certain trucking companies to use electronic onboard recorders to monitor...
Post-Storm Flooding, Road Debris Slows Trucking Major trucking companies along the U.S. East Coast were restricting operations Monday in some areas hardest hit by the high...
Star Reefers Wins $16.5 Million in Damages Star Reefers won $16.5 million in damages from a Russian fruit importer that terminated charters on the Norwegian ship-owner's refrigerated...
Maersk Line Launches Ecuador-Europe Service Maersk Line is launching a direct service connecting Ecuador with Spain, Turkey and the Black Sea in late September, as...
Big Lots Keeps Inventory Low in "Fragile" Market Big Lots is comfortable with its inventory levels being down more than 70 percent year-over-year, considering the "fragile" consumer market....
Ports Open After Irene, Trucks and Rails Resume Service Major East Coast ports re-opened Monday and trucking and railroad companies slowly resumed services as they began making a full...
APL Logistics Takes "Cautious" Outlook Into 2012 APL Logistics is taking a "cautious" outlook for the rest of the year and into 2012, despite a strong first...
Horizon Lines announces refinancing Horizon Lines, the nation's largest domestic container shipping company, said Friday it has entered into a definitive deal to refinance its debt with a group of noteholders who will become the majority shareholders of the company upon completion o...
MSC delays, lowers Asia/Med peak fees Mediterranean Shipping Co. has updated delayed and lowered its planned peak season surcharges on shipments from Asia to the Mediterranean. As of Thursday, MSC said it had postponed a planned peak season fee from Asia to east Med, Black Sea, and No...
Seago to raise intra-Europe rates Seago Line, the A.P. Moller - Maersk Group's intra-Europe specialist carrier, said last week it plans to raise rates Oct. 1. The rate increases apply to shipments to and from northern Europe-Scandinavia-Baltic ports and Greece/Turkey, and southboun...
MSC assesses Chennai congestion fee Liner carrier Mediterranean Shipping Co. said last week it will implement a congestion surcharge on shipments from Asia to the Indian port of Chennai. The fee, effective Sept. 1, is $75 per 20-foot container and $100 per 40-foot container. A trucke...
OOCL vet Wong to retire in October Wong Liner carrier OOCL said last week that long-serving executive Henry Wong, director of corporate logistics and fleet management, will retire from the company on Oct. 31. Paul Devine, senior vice president of sales of OOCL (USA), will be appoint...
U.S. economy grew 1% in Q2 The U.S. economy grew even slower than previously thought in the second quarter. The U.S. Commerce Department on Friday reported gross domestic product for the period grew 1 percent compared to 1.3 percent in its initial estimate. First quarter out...
OOCL expanded Kaohsiung terminal OOCL said Monday it has ordered two super-post-Panamax gantry cranes for its Kaohsiung Container Terminal (KAOCT) in the Port of Kaohsiung. The crane purchases are part of a project to expand capacity at KAOCT, which already has six post-Panamax c...
New MTSNAC members picked The U.S. Transportation Department has appointed 29 members to the new Marine Transportation System National Advisory Council (MTSNAC), established to advise the department on marine transportation issues. The department has asked MTSNAC to develop...
U.S. forges ahead on supply chain security strategy Developing the U.S. government's national strategy for securing the global supply chain has bogged down in the White House's National Security Council, where it has been under review since at least early April, a Department of Homeland Security of...
Crowley commissions new barge 'This class has a long history of safe petroleum transportation and offers compelling economics and exceptional performance.'
Fujairah prices mixed Deliveries available for supply up to and including September 12 in Cape Town.
Russia: Export tax on fuel oil climbs again Russia approves new tax structure for crude oil and oil product exports.
North European bunker markets rise Little demand in Piraeus.
Search for shipping agent 'lost overboard' from bunker tanker MPA asks vessels to keep clear of Bedok Jetty.
ECA will 'hit oldest cruise ships hardest' Bank warns of 'significant' impact when North American ECA is enforced.
Asian refiners 'able to meet' 2012 sulphur standard Refiners in two key Asian bunker markets 'able to supply IFO with a sulphur content of no more than 3.50%'.
Bunker prices mixed at start of week Supplies of bunker material sufficient at key Asian ports.
PSVs to be built with 'innovative' propulsion system Vessels to be fitted with Siemen's Blue multi-drive low-voltage propulsion system.
Aviation case in EU holds 'great implications' for shipping Brussels' proposal to regulate GHG emissions from shipping in EU 'will be heavily influenced by outcome of aviation case,' says Carbon Positive.
Singapore police investigates alleged bunker 'theft' Bunker tanker owner claims MGO was taken while vessel was at the Tuas Anchorage.
EU approves Lubrizol acquisition Berkshire Hathaway gets nod to acquire Lubrizol for $9 billion.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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