Last week’s top stories on

Lines cut fleets as
profits erode, says
Maersk CEO
Global shipping lines are
starting to take container
ships out of operation
as rising fuel prices and
falling freight rates erode
profits, according to the
head of industry leader,
Maersk Line.
Logistics major in joint
venture deal
Barloworld Logistics has
entered into a joint venture
with Manline.
Trading as Barloworld
Manline Logistics (BML),
the JV became effective on
March 1.
Airline caters
for movie
celebrity’s
unique needs
Uggie, the 10-year-old
Jack Russell Terrier and
star of the Oscar-winning
silent movie, The Artist,
was the latest celebrity
on board Virgin Atlantic
Cargo’s Los Angeles-
London flight. He was due
to appear on The Graham
Norton Show, BBC News,
Channel 5 News, Blue
Peter and Newsround to
name a few.
324 ships now lie idle
The idle containership
fleet stands at 324 units
(aggregating 711 000
TEUs) as at March 8,
based on the latest Lloyd’s
List Intelligence inactive
vessel survey.
Repatriate profits or
else
Zimbabwe’s cabinet has
ordered all foreign-owned
mining companies to
repatriate their export
earnings banked in
offshore accounts saying
the country is losing
billions of dollars in
potential revenue, reports
Voice of America (VOA).