Bulk Shipping IPO 's Start At The Bottom - But At Least They Start
Offers Taken Up by Investors as Genco Extends Another Charter

12 March 2010
US – Two new flotations hit the New York Stock Market this week, the first such shipping company initial public share offers since the crisis in bulk and container shipping started to bite. Baltic Trading, a dry bulk company whose details we published in February, and a new oil tanker group, Crude Carriers Corporation, a Marshall Islands registered Greek initiative, both achieved their launch targets but prices were at the bottom end of estimations.
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MOL Confirm New Container Shipping Route Changes
CSW Service to Take in Extra Ports

12 March 2010
ASIA – SOUTH AMERICA – SOUTH AFRICA - In line with their recent policy of optimising all routes container shipping giant Mitsui OSK Lines (MOL) yesterday confirmed the changes to their Asia East Coast – South America Service (routing via South Africa) known as CSW, effective with the sailing of the "MOL Dignity" Voy. 4510AB from Xingang, with an estimated departure date of the 25th March.
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TV Series To Be Presented By UK Freight Transport Entrepreneur
Channel 5 will Feature Pall-Ex Boss

11 March 2010
UK – For those who like to take their work home with them a new weekly TV show may prove on interest. Hilary Devey CEO and Chairman of the Pall-Ex Group, Britains leading palletised freight distribution network, and the lady behind the outfits growth as well as her responsibility for the original concept will present The Business Inspector at 8pm for four weeks from 17th March.
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DHL Awarded Four Year Logistics Contract For BP Convenience Stores
Companies Will Work to Improve Cost and Carbon Savings

11 March 2010
UK - DHL Supply Chain has been awarded a four year contract worth £75 million to manage the UK warehousing and distribution of dry goods and chilled produce for BP's UK Convenience Retail business which manages the oil giants fuel station convenience stores.
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Freight Transport Body Welcomes Government Recognition Of High Risk Alien Trucks
Foreign Lorries Condemned in Commons Report

11 March 2010
UK – The Road Haulage Association (RHA) joined others in the British haulage community in the release of today’s House of Commons Public Accounts Committee (PAC) report which confirms that overseas vehicles are more likely to be involved in accidents on the country’s roads. The Association is particularly encouraged by the report’s acknowledgment that “they contribute little in the way of revenue and pose a particular challenge in terms of enforcing regulations”.
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New Container Shipping Company Due To Go West
Inaugural Sailing Set for April

11 March 2010
CHINA – US – At a time when only the bravest might consider a major investment in container shipping by way of a brand new venture as a bright idea, next month TCC - The Containership Company – say they will launch their new “no frills” service between the two countries. Rumours in October that John Fredriksen would back the venture are said to have come to nought with the Norwegian tanker billionaire said to have been advised to avoid a possible conflict of interest. Mr Fredriksen is a major stockholder in other shipping groups.
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Clarksons Shipping Services Deliver Profit Despite Economic Downturn
Market Share Expands in Tough Conditions

11 March 2010
UK – Clarkson PLC, one of the worlds leading shipping services and brokerage firms, has announced its preliminary profits for 2009. Though the company has seen its revenues drop from 2008 Clarksons state that they have returned a profit and believe that their position in the global ship broking and shipping services sector strengthened through market share gains, new clients and new personnel from ship brokers who have failed.
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Spotless Record For Greatwide Logistics Freight Truck Driver
US Driver Passes Four Million Mile Mark

11 March 2010
US – Rick Gassman has been hitting the road, without hitting anything else, for over half a century, and yesterday he was honoured by his company, Greatwide Logistics, national 3PL providers, for passing four million miles without even as much as a moving traffic violation let alone an accident whilst shipping customers product from his Dubuque, Iowa base. Even by his employers 26% improvement in safety over the past four years, Rick’s record appears exceptional.
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Tanfield Receive Bid For Smiths Electric Vehicles
US Sector makes an Offer for UK Company

10 March 2010
UK – US – Tanfield plc have confirmed to the Handy Shipping Guide that they have received a non-binding conditional offer for the groups Smith Electric Vehicle division, producers of the Ford Transit based Edison van series, from Smiths Electric Vehicles US Inc. The company’s move into the US market was announced here in October last year and the pace of this rapidly expanding market is such that the offer is not entirely unexpected.
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Big Apple Clean Trucks Air Quality Plan Gets Freight Community Approval
American Trucking Associations Give Scheme the Thumbs Up

10 March 2010
US – After some quite fractious negotiations in California, not to mention ongoing litigation, when attempts to purge the atmosphere of vehicle pollutants emanating from older rigs was proposed and then introduced, it seems authorities in New York have learnt by their southerly cousins’ mistakes. Today the American Trucking Associations (ATA) praised the leadership of the Port Authority of New York and New Jersey for developing a Clean Trucks Program designed to improve air quality at the port.
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