|MAY 8, 2012|
- Carriers mull new round of rate increases in May as capacity grows
- SITC International quarterly profit falls 46pc while revenues rise 19pc
- Pirates seize petrol-laden 75,678 dwt BW Rhine while at anchor off Togo
- Singapore's manufacturing production declines 3.4pc in March
- Chongqing's first quarter bonded logistics trade cargo value surges 314pc
- Biggest Sino-Russia checkpoint's quarterly cargo volume up 16.6pc
- Talks end truckers' strike at Port Klang's at off-dock container depots
- Old TNT Express, now called Ceva Logistics, files for US$400 million IPO
- London's SBS Worldwide appoints US Midwest regain operations chief
- Beauty chain Sephora extends partnership with Kuehne + Nagel in Italy
- Changes in OTS senior leadership team with appointments of new co-CEOs
- Private rocket freighter to take food to international space station
- Russia's AirBridgeCargo delivers food to NATO forces in Afghanistan
- EU carbon tax insistence leads to Airbus boycott that benefits Boeing
|MAY 7, 2012|
- Allcargo Logistics honours staff on 'Sanman Divas'
- Asia-Europe spot rates up 13.2 pc
- Box carriers remarkably resilient despite operating losses: Survey
- China's freight growth slowdown projected to continue
- Dr Lieb concentrates management focus at DB SCHENKER
- Evergreen Line recognised as top Liner Owner/Operator at Seatrade Asia Awards
- GE Shipping's Q4 net skyrockets
- HAMBURG SUD's changes to Executive Board
- Moore Stephens welcomes change of heart on UK tonnage tax trap
- Govt has second thoughts on setting up 2 shipyards
- Govt lost 70,877 cr. due to export sops: CAG
- International Labour Day celebrated at Allcargo CFS, Mundra
- Railways to invest 4,362 cr. in Chhattisgarh corridors
- Rlys may slash short distance cement freight rates
- Truck rentals on trunk routes decline in April
- Cotton deficit fears loom over yarn industry
- Dairies clamour for allowing SMP exports
- FDI inflow hits all-time high $50 bn
- Free export of sugar will help reduce trade gap: Fieo
- Sugar exports regain sweetness as flagging offsets price fall
|MAY 7, 2012|
- India reducing carbon emissions from running trains
Indian Railways has introduced a clean diesel project to reduce carbon emissions from diesel locomotives and to bring them in line with the international emission standards. As par...
- Rickmers-Linie calling at Myanmar
The German shipping company Rickmers-Linie is once again able to offer calls at Myanmar (Burma) after the lifting of trade sanctions. The country's main port, Yangon, will be serve...
- New motorway for freight transport in New Zealand
The New Zealand Transport Agency (NZTA) has announced the preferred route to build a new motorway between Puhoi and Warkworth, just north of Auckland. The new route will form part ...
- OTS appoints co-CEOs in Los Angeles and Hong Kong
The board of OTS Logistics, a global logistics provider acquired by ManCapital LLP in January 2012, has announced changes to its senior leadership team. Charlie Brennan, CEO, will ...
- Etihad Rail unveils locomotive livery and branding
The locomotives of Etihad Rail, the master developer and operator of the UAE's national railway network, will be finished in a durable light grey paint scheme, relieved...
- New guide for European road haulage
The UK's Freight Transport Association (FTA) has published a new European Road Transport Guide especially for UK's road transport operators visiting countries in the EU and beyond....
- Air and Ocean Freight in new hands at DB Schenker Logistics
The German service provider Schenker AG has announced that Dr Thomas C. Lieb, its chairman of the board of management, redefined his activities with effect from 1 May. Until then h...
- AFL suspends North American feeder service on east coast
AFL American Feeder Lines, a company that was established by König & Cie of Hamburg (Germany), has ended its feeder service on the North American east coast. The intention was ...
- Swissport starts cargo handling services in Copenhagen
Ground service provider Swissport International is to start offering cargo handling services in Denmark from July after coming to an agreement with several airlines, including laun...
- Saudi Airlines Cargo Company expands N'Djamena freighter flights
Saudi Airlines Cargo Co has announced that it is increasing its freighter services to N'Djamena (Chad) via Jeddah to twice weekly. The airline, which began operating flights to N'D...
- Cargo volumes at Dubai World Central up sharply in Q1
Cargo volumes at the UAE airport Dubai World Central (DWC) surged in the first three months of 2012, according to the quarterly traffic report issued by Dubai Airports last we...
- Dachser expanding in Czechia
The German logistics service provider Dachser is expanding its existing premises in Kladno, near Prague, by adding a new cross-docking hall for industrial goods and zero degrees-pl...
- ITX Cargo obtains AEO-F status
The Italian forwarding company ITX Cargo Srl, based in Milan, has reported that it was recently granted the authorised economic operator (type F) status. This certification ensures...
- Kerry Logistics acquires Trustspeed Medicine Logistics in Taiwan
Kerry Logistics has acquired Trustspeed Medicine Logistics (TML) in Taiwan through its member company Kerry TJ Logistics, which specialises in pharmaceutical logistics and distribu...
- New COO for Hansa Heavy Lift
Hansa Heavy Lift, a heavylift shipping company based in Germany, has chosen Joerg Roehl to be its chief commercial officer, responsible for global sales, strategic business develop...
- MOL proposes changes to board of directors and executive officers
The Japanese shipping company Mitsui O.S.K. Lines Ltd has decided on the following changes to its board of directors, executive officers, and their responsibilities. These changes ...
- K Line proposes changes to board of directors
At a board meeting on 27 April, the Japanese shipping company Kawasaki Kisen Kaisha Ltd (K Line) decided to make the following changes: ...
|MAY 7, 2012|
- Gamesa and NNS pull plug on Virginia offshore wind turbine...
- Second Marinette Marine built LCS completes acceptance...
- Drillship will allow Chevron to use new deepwater drilling...
- GE Marine offers hybrid electric systems based on LM gas...
- Newport News Shipbuilding breaks ground for new Apprentice...
- Raytheon Anschütz bridge system first to be type approved to new...
- Kawasaki Heavy Industries takes stake in Brazilian shipyard
|MAY 7, 2012|
- Olympia Port Commission to meet throughout county
- Iowa Pacific Holdings selects Rail Logistics to manage reefer fleet
- CSX Corporation honored for hiring military servicemen
- Department of Transportation funding repairs in three states
- ATA asks congress to hold firm on retaining electronic logging devices
|MAY 7, 2012|
- Eagle Bulk and Trident identified in pirate shooting video
Footage raises questions over the need for an investigation
- HMM posts heavy operating loss in first quarter
South Korean carrier plagued by lower box shipments and higher bunker costs
- Argentina looks to import LNG spot cargoes after Repsol cancels volumes
Shipping market to tighten, leading to higher freight rates
- Chittagong scrap rates stay strong ahead of expected dampners
Budget and monsoon set to reduce interest in Bangladeshi breakers
- Nordic American maintains dividend in loss-making quarter
No compromise on safe vessel operations, insists suezmax spot market specialist
- DSME wins semi-submersible deal
South Korean shipbuilding giant fetches $1.1bn deal with Songa Offshore
- Serco awarded Scottish ferries contract
Seafarer union to seek urgent job talks
- BW Gas fixes VLGC at fresh high in rising market
Rise in rates to ship LPG set to stabilise
- European banks shrink shipping portfolio by 3.5%
Petrofin expects eventual ship finance recovery as survey notes slight global increase in loans
- Zim loses investment grade status
Company argues S&P ignoring business plan
- Seadrill books semi-submersible rig at Hyundai Samho
Total costs lower than $650m, says Fredriksen affiliate
- Pipeline dents Iranian position
Alternative to Strait of Hormuz sends message to Iran
- Watch west Africa
- SICT's first-quarter profit almost halves
Intra-Asia player saw volumes and rates up, but remains plagued by expensive bunker costs
- Pirates release BW Rhine, but steal gasoline onboard
All 24 crew members safe, says shipowner
|MAY 7, 2012|
- NAT losses widen
NYSE-listed Nordic American Tankers reported higher than expected losses today and revealed a new deal with ExxonMobil for its Orion Pool.
|MAY 7, 2012|
- Steady Year-Over-Year Growth in Imports Forecast
Imports at the nation's top container ports will be flat this month compared to May 2011, but imports will then...
- Panama Approves New Colon Container Terminal
Panama will get a fourth container terminal, a new one in Colon at the Atlantic entrance to the canal, under...
- Jury Indicts 11 in $75 Million Warehouse Theft
A federal grand jury in Miami indicted 11 men for sale and distribution of $100 million in stolen freight, including...
- Naatz Leaves YRC's Holland for Kansas City Southern
Michael J. Naatz resigned as president of less-than-truckload carrier Holland, a regional subsidiary of YRC Worldwide, and joined railroad Kansas...
- UPS Expands Air Freight Reach to Nicaragua, Honduras
UPS is expanding its premium air freight service into Nicaragua and Honduras, as the parcel giant taps the growing economies...
- Trucking Industry Slow to Adopt LNG, Survey Says
The trucking industry is reluctant to add natural gas-powered vehicles to its fleets despite the lowcost and abundant supply of...
- Hyundai Merchant Marine Posts $177 Million Loss
South Korea's Hyundai Merchant Marine said higher fuel costs and lower container volumes widened its first quarter operating loss to...
- India Releases Italian Flag Oil Tanker
Indian authorities released the Italian-flag merchant ship Enrica Lexie after an 80-day detention off the Kerala coast, easing a standoff...
- Maersk CEO Andersen Returns to Work
The chief executive of A.P. Moller-Maersk, Nils Smedegaard Andersen, returned to work on Monday after recovering from heart...
- Carriers Cautiously Optimistic on Eastbound Pacific Recovery
What a difference four months can make. When 2012 dawned, a sense of doom prevailed in the containing shipping industry....
- China Cracking Down on Corruption
Lead the people by laws and regulate them by penalties, and the people will try to keep out of jail,...
- Re Salvaging Damaged Goods: Watch Out for Lawsuit
Q: As an attorney, I have to take issue with the advice in your April 5 online column ("Salvaging a...
- Railroads Profit by Marrying Capacity and Demand
Much of the reason the North American railroad industry continually leads other freight modes in profitability is its ability to...
- In Mapping Strategy, UPS Freight Watches the Sea
Jack Holmes, president of one of the largest trucking companies operating on U.S. highways, keeps an eye on the sea,...
- Marine Highway Suffers a Blowout
The failure late last month of American Feeder Lines and its 9-month-old service in the U.S. Northeast marks the latest...
- China's Manufacturing Industry Looks Inward
China weathered the global financial crisis of 2008-09 better than most countries, but the downturn still had a profound effect...
- The Hill Ramping Up Dredging Efforts
The push by U.S. ports for more federal dredging dollars is finally beginning to make waves in Congress. ...
- FMC Revisits Rules Governing NVOs
Federal Maritime Commission Chairman Richard Lidinsky Jr. says the FMC is at a "key moment" in its regulation of non-vessel-operating...
- On Container Shipping: The Evolution Continues
Recent comments by Rep. Allen West, R-Fla., are being compared to the rants of Sen. Joe McCarthy. President Truman's Secretary...
- Prince Rupert Leads the Way in N. America Port Growth
Prince Rupert, British Columbia, was the fastest-growing container port in North America in 2011, ramping up its export strategy and...
- Logistics Challenges Force Shippers to Think Outside the Box
Shippers normally opt for the expense of air service only when they need to expedite high-value cargo such as computer...
|MAY 7, 2012|
- TC Buen to expand its Buenaventura terminal
TC Buen, which operates the Buenaventura Container Terminal in Colombia, is to commence its second phase expansion programme much earlier than expected. The project ...
- Maersk ceo back at his desk
The chief executive officer of Danish shipping and oil group, AP Moller-Maersk, Nils Smedegaard Andersen, returned to work today [Monday] after corrective heart ...
- Kerry acquires pharma logistics company
Hong Kong-headquartered Kerry Logistics has acquired Trustspeed Medicine Logistics - a Taiwanese pharmaceutical logistics and distribution services company.Kerry ...
- More big ships that need to be filled
- Let the port productivity battle commence
According to APM Terminals' head of project implementation, Soren Sjostrand Jakobsen, productivity at terminals will be the new 'battleground' and the winners will ...
- OECD says freight volumes to rise four-fold by 2050
The International Transport Forum (ITF), which is a research and think tank unit of the Paris-based Organisation for Economic Cooperation and Development (OECD), ...
- Border controls block intra-Africa trade
The African Development Bank (AfDB)claims that border controls in Africa are curtailing inter-continental trade as duplicated procedures by customs authorities, ...
- Hapag blazes the GRI trail
Once again Germany's Hapag-Lloyd is leading the way on the rate restoration path asking for a further USD400 per TEU on the Asia [excluding Japan] to north Europe ...
|MAY 7, 2012|
- Investors eye seismic exit
Oslo-listed offshore syndicate launches offer to reel in remaining shares of 3D affiliate Armada Seismic.
- Pool party
Details remain scarce as Nordic American and Frontline-backed suezmax venture pen Atlantic Basin pact with US oil giant.
- Excel sets sights on ATM
Dry downturn and at-the-market stock offerings may threaten US-listed bulker owner's share price, Wells Fargo warns.
- Street scans GLNG tea leaves
Now is the time to grab shares of Golar as sale of FSRU to Times Square-quoted compatriot may be imminent, analyst says.
- Swire plans offshore splash
Hong Kong-listed offshore vessel owner to splurge $1.4 bn on new tonnage over the next two years.
- Chinese owners double up
Sinochem and Nanjing Tankers charging big premiums for chemical tanker trips from Iran as sanctions bite.
- Drydocks asks for delay
Dubai shipbuilder wants debt restructuring hearing halted due to hitch with creditors in Singapore.
- Bumi off to Mexico
Hassan Basma-led offshore outfit inks $65m workboat charter deal.
- NAT slashes deficit
Herbjorn Hansson-led tanker owner pays out for the 59th consecutive quarter despite loss.
- Meiji making more again
Japanese tanker and bulker owner expects better earnings in year ended 31 March.
- Belships bashed in Q1
Norwegian owner's loss widens as $4m is knocked off fleet value, but it is still looking to add tonnage.
- Dock sends Marco soaring
Singapore-listed shipbuilder sees revenue spiral after ramping up capacity.
|MAY 7, 2012|
- Lawmakers: Hands off 'Buy American' policies
- Civil War ship removal in Savannah channel
- European Shippers Council gets new chief
- U.S. spotlights China's new solar trade supports
- Damco takes aims at South Asia pharma
- Long Beach finds contractor for bridge project
- NWA adds calls on TP loop
- Maersk withdraws Europe-WCSA loop
- APL receives largest, most advanced ship
- Expeditors sees more air cargo but less tonnage
|MAY 7, 2012|
- On-board tools undergo integration
Technology has features designed to help ship captains and fleet managers reduce fuel costs and curb carbon dioxide emissions.
- Canada oil spill reponse questioned
Canada marine oil spill response comes under spotlight as resource development projects move forward.
- Fujairah prices at lowest for four months
South African markets see sharp price falls.
- Bunker prices falling by double digits in European ports
Piraeus sees a fall of $36.50 pmt for 380 cSt material.
- Superstructure design will 'cut bunker consumption by 2%'
Japanese shipyard says 'Aero-Citadel' will also provide refuge for seafarers during a pirate attack.
- Bunker spill exercise in Middle East port
Sohar drill imagines rupture in bunker hose.
- New ships failing to meet fuel-efficiency needs
'The fact there is surplus tonnage is not the issue,' says industry veteran.
- SITC profit down 20% on higher operating costs
Increased costs, including bunker and vessel charter costs, eat into Q1 earnings.
- Bunker prices continue to slide in Asian ports
WTI crude oil falls below $100 per barrel.
- Chemoil confirms CFO resignation
Mats Berglund ceases to be CFO and Chief Operating Officer of Chemoil as of May 7, 2012.
- Alfa Laval unveils 'game-changing' waste fuel recovery system
Technology may reduce fuel bills by up to 2% and almost eliminate waste oils that can be costly to dispose of.
- Chinese state-owned trader to import Iranian fuel oil
Khorfakkan to load 80,000 mt of fuel oil from Bandar Mahshahr on May 15.
- Testing of scrubber systems 'takes time'
Leading shipowners Maersk and APL talk about their 'game plan' ahead of stricter ECA sulphur limit in 2015.
- Titan reduces stake in oil storage operator
Receives notice that Warburg Pincus's subsidiary will exercise its subscription rights for China StorageCo.
- Sinopec expands Chinese bonded bunkering operations
Player is supplying at ports in China's Bohai Bay.