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Shippers face the likelihood of more slow-steaming on the major east-west trade routes from Asia to the U.S. and Europe as ocean carriers take delivery of more big ships, Drewry said. The London-based consultant said it believes carriers are losing money due to the freight rate war taking place...

The Fair Trade Commission said it has obtained the corporate merger application for P3 Network from Danish shipping company Maersk Line and is evaluating whether the shipping alliance could hamper the competition of Korean companies. P3 is a joint corporation being sought by the world's largest...

Saudi Arabia said it will increase oil exports to Indonesia to 325,000 b/d from 200,000 b/d in 2010, underling a rising trend in exports that analyst BMI sees taking place elsewhere in Asia. The move highlights the growing energy relationship between energy-rich Saudi Arabia and fast-growing...

Damco - one of the world s leading providers of freight forwarding and supply chain management solutions - has announced that it has released an app for all of the major mobile platforms; iPhone/iPad, Android and Blackberry. The new app is aimed at providing customers a fast and simple way to...

Avolon, the aircraft leasing group, has announced a firm order for eight A320 aircraft from Airbus. The eight A320 aircraft will be equipped with the new fuel-saving Sharklets option. Avolon will make an engine selection for the aircraft in the near future. Headquartered in Ireland, Avolon is...

Container connectivity between Visakhapatnam and Colombo will get a boost with the launching of a cargo ship service from Visakha Container Terminal Private Ltd (VCTPL) on Monday, reported The Hindu. The ship, the first to be named after Visakhapatnam, as Far Vizag, anchored at VCTPL on Sunday...