The CEO of Norwegian bulk carrier Western Bulk ASA said Tuesday his group would expand its Panamax fleet, as K2 Shipping of Oslo would be re-letting some cargo contracts and chartered-in vessels to Western Bulk.
Libya's interim prime minister, defense minister Abdullah al-Thani, hopes to be able to bring about an end to the 10-month blockade of the country's eastern oil ports through dialogue with rebels, rather than force.
Singapore Airlines Cargo Friday said it would make a financial provision of S$6 million in its financial statements for the current financial year, in the context of a proposed amicable resolution to the competition investigations in the air cargo sector in Australia.
Long awaited privatisation of Piraeus Port Authority (PPA) formally got under way 7 March, with state sell-off fund TAIPED inviting expressions of interest while explaining the tender framework for the sale of a 67% stake in the PPA.
THE container manufacturing arm of AP Moller-Maersk, Maersk Container Industry (MCI), is forecasting that reefer volumes will grow by four to five per cent this year, compared with one per cent demand growth last year.
The U.S. Coast Guard marine inspectors and investigators from the Coast Guard Marine Safety Unit Texas City are investigating the cause of a collision between the cargo ship Genius Star VII and a barge loaded with 840,000 gallons of #6 fuel oil in the Houston Ship Channel, Friday.
Union Rural Development Minister Jairam Ramesh sought to allay fears of the people of Seemandhra, saying many projects like the Dugarajapatnam major port in Nellore district were in the pipeline and that this would usher in jobs and industrial development in the residuary State of Andhra Pradesh.
Deutsche Lufthansa AG (LHA), Europe’s second-largest airline, reinstated dividend payments and maintained a target to triple operating profit within two years after European operations returned to profit.
The CMA CGM Group is very pleased to announce the addition, on its PC north service, of a new direct call in Buchanan (Liberia), located 100km south of Monrovia, thus expanding its service opportunities in Africa and becoming the only shipping line calling Buchanan in 20 years.
Mainboard-listed offshore marine group Otto Marine on Thursday said it has secured a contract worth US$24.9 million for three offshore support vessels to be deployed for work in Mexico and West Africa.
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