|MAY 2, 2012|
- 'Go West' boom sees 25 logistics firms open in Chongqing in first quarter
- Fujian road freight up 11pc in the first quarter to 118 million tonnes
- Ningxia first quarter rail freight increases 12.9pc to 12.56 million tonnes
- Chongqing first quarter outbound rail freight volume increases 0.55pc
- Port of Miami to dredge channel to accommodate postpanamax vessels
- Jones Lang LaSalle named property agents by DP World's London Gateway
- Singapore, Norway agree to continue maritime cooperation and research
- Brazil's TCP first in South America to install on-dock rail OCR solution
- FedEx flies orphaned wild sea otter from Alaska to Pittsburg Zoo
- Ruslan to fly giant An-124-100 freighter to Uganda to assist UN in Sudan
- IATA to harmonise global standards to achieve safer aviation
|MAY 1, 2012|
- BIMCO President calls for common roadmap on emissions
- China Shipping, Hanjin expand services
- Far East-South Africa loops from CMA CGM in partnership Maersk-Safmarine
- First "eco-design" Suezmax joins AET fleet
- GCS expands fleet of container flat-cars
- Pak will dismantle negative list by 2012-end: Khullar
- Angré Port berths maiden vessel
- DP World's global container volumes up 10 pc in Q1 2012
- Ficci backs USIBC plan to enhance Indo-US economic ties
- Fresh cotton exports allowed
- Update your Data on Foreign Trade Policy, Customs Law & Exchange Control Regulations-Part-7
|APRIL 30, 2012|
- Gatwick airport between arrival of Korean Air and Air China service
Yesterday (29 April), Korean Air - the national carrier of South Korea - launched three weekly flights from London Gatwick to Seoul, operated with Boeing B777 aircraft. These will ...
- KLM cancels service resumption to Libya
After several service postponements (cf. ITJ Daily of 29 March 2012), the Dutch airline KLM has shelved its plan to resume its Amsterdam-Tripoli service.
- Air India continues to serve LHR with B777-300ER
Air India has decided to prolong its larger Boeing B777-300ER service (belly capacity 44 ULDs) on the Mumbai-London Heathrow route until 15 June 2012. The carrier had originally in...
- Norfolk Southern: railway operation revenues increase by 6%
The US rail service provider Norfolk Southern Corporation reported a Q1/2012 net income of USD 410 million, 26% higher than for the first quarter of 2011. Railway operating revenue...
- Key infrastructure project to boost productivity around Sidney and Port Botany
A new freight terminal in Moorebank, to the southwest of Sydney, will take 3,300 trucks off the city's roads every day and create thousands of jobs for the region. The Australian g...
- MAN plans to reduce its CO2 emissions by 25%
The German truck producer Man intends to reduce its own CO2 emissions at its sites by 25% worldwide by 2020. This mandatory target is set out in the company's new climate strategy....
- Streck Transport phases in new Euro 6 swap body towing vehicle
Streck Transport Schweiz, a forwarding company headquartered in Möhlin, near Basel (Switzerland), has put the first Euro 6 swap body towing vehicle into service. The tractor will b...
- GAC International Moving goes to Sri Lanka
GAC International Moving has opened its second base in the Indian Subcontinent, in the Sri Lankan capital Colombo. This latest expansion comes hot on the heels of the inauguration ...
- APM Terminals Gothenburg welcomes G6 call
The recently established G6 Alliance (APL, HMM, MOL, NYK, OOCL, Hapag-Lloyd) has added a direct call at Gothenburg (Sweden) to its weekly Far East/Europe port rotation. The "A...
- UPS boosts Q1/2012 turnover
The US-based parcel service provider UPS reported that its Q1/2012 turnover grew to USD 13.14 billion, a 4.4% increase compared to the USD 12.58 in the same period a year earlier....
- Three new locations in Central and Eastern Europe for Rhenus Midi Data
Rhenus Midi Data, the high-tech specialist in the Germany-based Rhenus Group, has expanded in Hungary, Poland and Romania. The company opened three new branches in Budapest, Wrocla...
- Militzer & Münch opens new logistics terminal in Morocco
The global transport logistics company, Militzer & Münch, opened a new logistics terminal in the airport in Casablanca (Morocco) in mid-April. With the new terminal, Militzer &...
|MAY 1, 2012|
- DNV introduces dedicated rule book for jack-ups
- Alaska Ship and Drydock signed up for design phase of Alaska...
- Al Qaeda said to have cruise ships on terror wish list
- Jones Act fleet one bright spot in OSG picture
- Cummins to launch high horsepower dual fuel engine line
|MAY 1, 2012|
- Port of Olympia supporting small city economic development
- Evergreen joining Crowley in new slot charter agreement
- Facebook connection helps passengers find cheap airfares at Portland Airport
- Trade between NAFTA partners up during month of February
- Request for qualifications extended for SS UNITED STATES repurposing
|MAY 1, 2012|
- Slow steaming to keep VLCC rates firm in second quarter
Pareto Securities forecasts average daily earnings of $20,000
- All eyes on Asian port development
UKTI launches a handy guide to regional port development opportunities
- Navigating the credit minefield
Securing payment poses a growing challenge to bunker suppliers
- VLCC demolition to pick up later this year
Limited removals in first quarter push fleet growth over 2%
- Fighting piracy on land is now inevitable, says law firm
HFW report backs navies and criticises government inaction
- ABP reports 3% full-year revenue growth
UK port group reports cargo downturn
- ABP welcomes go-ahead for Southampton box berth expansion
Marine Management Organisation approves licences for works and associated dredging at berths 201 and 202
- Clock is ticking for Costa Concordia damages claims
Athens Convention requires passengers to claim within two years of the casualty
- What's in a name?
Vale's fleet of giant VLOCs have changed names but will it charm China into accepting the vessels?
- Zim reactivates two 10,000 teu boxships
Ships idle since December return to service
- Asia-Europe box volumes forecast to shrink in 2012
Downturn could threaten rate recovery efforts
- Heat ebbs from panamax bulker market
Fixtures slow after busy fortnight
- Indian Supreme Court slams Italy's out of court settlement
Enrica Lexie may finally be released
- UK ports' state aid revealed
As industry's debate over 'level playing field' grows, government transport spokesman presents five years' figures
- High Court rules that owners can reject early redelivery
Decision has wider implications for contract law
- Philippines acts on seafarer standards
Maritime authority given improved powers to oversee training
- Vancouver pipeline row targets insurance
Mayor wants backers to cover city for oil spills
- Global box numbers rise 18%
Report shows 7m teu added to world fleet in 2008-2011
- Manila cleans up training
A beefed-up Marina will hopefully be the first step on the road to eradicating abuses of seafarer certification
- OSG logs another loss-making quarter
Second half of 2011 "was bottom of tanker cycle", says Morten Arntzen
- Reefers hit barrier
A major clear-out of conventional reeferships is now under way paving the way for a more modern fleet
- Torm restructuring inches forward
Danish owner expects renewal of debt payment holiday, again
- Eagle Bulk secures one-month extension on bank agreements
Annual meeting notice reveals details of executive compensation
- Baltic Trading maintains dividend record in loss-making quarter
Low debt a highlight, says Wobensmith
- Weak dry bulk rates ravage Genco's quarterly results
Company renews contracts for short periods
|MAY 1, 2012|
- Strike shuts Aden box port
A STRIKE has reportedly paralysed Yemen's Aden box port, operated by Dubai Ports World, for more than a week
- Smugglers foiled in Dubai
CUSTOMS officers in Dubai have reportedly seized 91M contraband drugs valued at 1Bn dirhams ($270M) that were smuggled in shipping containers
- Stragglers miss US deadline
NASDAQ-listed NewLead and FreeSeas have failed to file their annual reports on time, with NewLead warning that its fate is in substantial doubt
- Genco piggybank near empty
GENCO Shipping & Trading might run out of cash next year despite a recent share issue, a shipping analyst has warned
- In reversal, India approves ore deal with Japan
DELHI has approved a deal to export 2M tonnes of iron ore per year to Japan for next three years
- TORM expects new deferral
TORM said today it expects a temporary deferral of installments and covenant standstill to be renewed shortly
- Star Reefers sinks to losses in 1Q12
STAR Reefer's profits were reversed to small losses in 1Q12, mostly because revenues declined in the absence of high season and an impairment
- India lifts ban on new cotton exports
INDIA has formally lifted its ban on new cotton exports
- SAS shortlists chosen
SHORTLISTS for the Safety at Sea annual awards have been chosen by an independent panel of experts
- Product tankers facing an extended squeeze
THE TASK of breaking even will remain a challenge for product tanker owners for the rest of the year, shipping analysts are warning
- Eagle D-Day delayed
NASDAQ-listed Eagle Bulk, which is in restructuring talks with lenders, has confirmed that its covenant waiver deadline has been pushed back by a month
|MAY 1, 2012|
- EOBR Mandate in Transport Bill Divides Trucking Industry
The American Trucking Associations is urging Congress to require drivers to use electronic onboard recorders, while independent owner-operators argue the...
- Fitch Affirms VPA's 'A' Rating
Fitch Ratings affirmed its long-term "A" rating of the Virginia Port Authority's outstanding port facilities revenue and refunding bonds. It...
- Expanding Export Orders Elevate China's PMI
China's official Purchasing Managers' Index expanded for a fifth month in April, aided by expanding export orders. The China...
- Genesee & Wyoming Reports Flat Profit on Revenue Rise
Genesee & Wyoming's profit was nearly flat at $22.2 million in the first quarter, as an expiration of a tax...
- ISM Factory Index Expands for 33rd Straight Month
U.S. manufacturing grew at a faster pace in April and registered its 33rd consecutive month of expansion, according to the...
- Evergreen, Crowley Enter Slot-Charter Accord
Evergreen Line and Crowley Latin America Services have filed a slot-charter agreement that will allow Evergreen to provide weekly northbound...
- Allianz to Waive Deductibles on Some Truck Cargo Theft
Allianz Global Corporate & Specialty said it will waive the insurance deductible on theft of truck cargo in transit if...
- NAFTA Trade Up 17.4 Percent in February
The value of surface-transportation trade between the U.S. and Canada and Mexico rose 17.4 percent year-over-year to $78.1 billion in...
- JSC Transcontainer's International Traffic Jumps 17.8 Percent
Russia's leading intermodal operator saw international transit traffic handled increase by 17.8 percent last year as Asia-Europe overland transport options...
- Idle Container Ship Capacity Falls by a Third
Container lines have started reactivating their idle container fleets for the summer peak shipping season, which has resulted in a...
- Charter Rates Climb as Ships Return to Service
The rebound in earnings on container trades has prompted operators to start reactivating larger tonnage, according to the latest report...
- Modal Shift, 3PLs Transform LTL Trucking
Less-than-truckload motor carriers that survived the recession are struggling with challenges, including modal shift and rising costs, that are transforming...
|MAY 1, 2012|
- Aqaba seeks Iraqi gateway role
Jordan's leading port of Aqaba is keen to enhance its role as a maritime gateway for Iraq and various stakeholders in the port, including the Aqaba Container Terminal ...
- Star Reefer loses money in Q1 12
Star Reefers, one of the world's largest providers of specialist shipping services for the perishable products cargo sector has blamed poor harvests and competition ...
- Dunkirk's box traffic down in first quarter of 2012
Dunkirk's remarkable container traffic growth of 36% last year, up to 274,000TEU came to an end in Q1 12, when the French gateway's traffic declined by 4%, down ...
- Stable Q1 12 for China's ports as volumes rise
China's leading container ports mainly saw increases in their overall container throughout in the opening quarter of 2012, albeit ...
- CMA CGM and Maersk raise India-West Africa rates
The push by ocean carriers to ensure freight rates are providing remunerative returns continues, with Marseille-based CMA CGM and Copenhagen-headquartered Maersk ...
- South Africa's trade deficit sharply up in Q1 12
Despite a sharply reduced balance of payments deficit in March compared with February, South Africa's weak export performance meant that Q1 12's trading performance ...
- Foodcareplus and Nova Fresh Logistics link up
In a bid to take out some of the complexity from the seafood supply chain and improve transit times and overall service reliability, the Belgium-based companies ...
- B&M to support Liverpool more
One of the UK's largest retailers B&M Retail has agreed to import 12,000TEU through the port of Liverpool this year, four times more than last year. Until ...
|MAY 1, 2012|
- MDR clinches BG pledge
New York-listed offshore contractor poised to cash in on engineering and transport deal tied to Caribbean gas platforms.
- Total offshoot chugs MR tonic
Rates sail south week-on-week as market digests talk of freshly minted fixtures involving CSSA, Maersk and D'Amico.
- ADM upbeat despite dip
Sluggish ethanol market and lower grain exports overshadow gains at US commodities syndicate's transport unit.
- Red ink on the horizon
Nasdaq-quoted bulker owner readies red pen in anticipation of $88m loss.
- NCL turns it around
US-based cruise line boosted by higher revenue and ticket prices in first three months.
- Seatrade reefer held
Springbok one of seven fresh UK detentions in March after hull breach is discovered.
- Taiyoh III trades on
Japanese aframax reportedly escapes breakers' torches by finding buyer in Thailand.
- NewLead sounds the alarm
Michael Zolotas and Nick Fistes backed owner raises substantial doubts about its future amid hefty full-year loss.
- Pain goes on for OSG
US owner racks up twelfth consecutive quarterly loss as debt rises to $2.24bn.
- Cal Dive suffers Q1 hit
Houston-based offshore owner's profit falls by over a quarter as drydocking takes assets out of action.
- Broker voices MR caution
Disproportionate ordering and clearer demand picture means market prospects may not be as bright as some hoped, ICAP says.
|MAY 1, 2012|
- Best Practices in Freight Payment: Create Savings, Efficiency and Visibility, May 15th, 2 PM EDT
- U.S. industry wants sugar on TPP table
- Washington Notebook: The economy, a transport bill and Twitter
- YRC reaches deal with lenders
- Zim leaves G6 to start own loop
- JDA enhances TMS with analytics
- QuikQ, EFueling team on RF-based fueling
- Port Manatee awards $13 million contract
- DHL sells German logistics space
- Genesee & Wyoming earnings flat, revenue up 8%
|MAY 1, 2012|
- Further insolvencies expected among KG funds
Around 50 German ship owning funds said to be 'financially distressed' and banks may force consolidation.
- Rotterdam prices stable/Piraeus reports falls
Public holiday in many European ports.
- Fujairah prices barely move
Suez prices stable for second consecutive day.
- New barge for Rotterdam supplier
Second delivery vessel for low sulphur fuel oil specialist.
- Bunker tankers will be 'world's first non-seawater ballast ships'
Tankers will operate in Singapore and Southeast Asia.
- PSO in fuel oil buying spree
Offers sought for 910,000 mt for delivery during May through July.
- Torm expecting banks to renew loan agreements
Latest agreement on deferral of debt installments and covenant standstill has expired.
- Sulphur cap will 'impact the whole supply chain'
More industry warnings about economic cost of ECA limits.
- Price of IFOs up at Tokyo Bay
Public holiday in Singapore, Hong Kong and Busan.
- Rosneft bunker sales for 2011 up 34% on year
Revenues from sales of bunker fuel in 2011 were $1.3 billion.
- Costa Rican refiner to increase bunker fuel storage
Costa Rican Oil Refinery places $16.3 million tender for construction of two storage tanks.
- Chinese build first 'Green Series' marine engine
Engine, bound for a 319,000 dwt ABS class VLCC operated by Maran Tankers of Greece.
- Chimbusco reports 'flying start' for domestic sales at Qinhuangdao
Domestic bunker sales at Qinhuangdao port above 20,000 mt during Q1 2012.