|MAY 11, 2012|
- MOL, Evergreen launch Asia-US east coast loop via Suez from June 3
- Hanjin posts operating loss of US$196 million in first quarter
- Troubled Horizon Lines widens first quarter loss to US$26.8 million
- Danaos quarterly profit up 54pc to US$6.2 million as revenue rises 35.6pc
- ICTSI first quarter net profit grows 24pc to US$35.4 million
- Guizhou province to complete express transport network by 2015
- Jiaxing river port volume breaks quarterly record at 17,527 TEU
- Luzhou port volume falls 5pc in first quarter to 5.33 million tonnes
- Emerging markets represent what little growth exists in container trade
- Evergreen's Chang awarded Japan's 0rder of Rising Sun for help in quake
- Kerry Logistics joins Australian firm to expand cold chain distribution
- Ex-Safmarine CCO Eric Herman jumps ship to become global CCO at Damco
- CaroTrans expands presence in Pacific Northwest with Seattle office
- Virgin Atlantic Cargo to serve Chicago daily, speeding Midwest connections
- Etihad Airways signs Lulu deal to fly fresh produce in and out of UAE
- Lufthansa Cargo makes comprehensive worldwide management changes
- Implant Sciences sniffs out new markets for Quantum detectors
|MAY 10, 2012|
- CFCL Australia orders new locomotives
US- based Wabtec Corporation reported that its subsidiary MotivePower has received an order to build ten locomotives for CFCLA Rail JV Pty Ltd, a joint venture of CFCL Australia Pt...
- Chrysler Australia group to distribute Fiat, Alfa Romeo and Fiat Professional brands
The Chrysler Australia group will act as the distributor for Fiat, Alfa Romeo and Fiat Professional brands in Australia. Under the new agreement, the current Fiat and Alfa Romeo de...
- Paranagua/Brazil receives Liebherr STS container cranes
Two Liebherr container cranes were recently delivered to the TCP Paranagua terminal in Brazil. The cranes have a lifting capacity of 65 t, or 75 t under the hook. The new units wer...
- UPS express freight service expands into Nicaragua and Honduras
The US parcel service provider UPS is expanding its UPS express freight service into Nicaragua and Honduras, two emerging economies that count the USA as their No. 1 trading p...
- Cargo up for Finnair in April
In April, the Scandinavian carrier Finnair reported flat cargo traffic, measured in terms of available tonne kilometres. Measured in terms of revenue tonne kilometres, the volume ...
- Change of CEO at Envirotainer
Niklas Prager, the CEO of ULD producer Envirotainer, has opted to leave his operational position at the company and return to a post on the board of directors. In connection w...
- Riga International airport sets cargo loading record
Riga international airport (Latvia) handled 7,519 t of cargo in April, an unprecedented amount to date in the history of the airport and 657% higher than in April last year. The fa...
- Pacer International and CSX sign transport agreement
Pacer International, a leading asset-light North American freight transportation and logistics services provider, has entered into a new multi-year agreement with the railway compa...
- Hanjin deploys mega-containerships on NE6 East Asia-Europe Service
The "Hanjin Sooho", the South Korean shipping company Hanjin's largest containership to date, berthed in the port of Hamburg on 4 May, during its maiden voyage. With a sl...
- Meneghin & Partner reinforces team in Basel
Meneghin & Partner (M&P), a Muttenz, near Basel (Switzerland)-based personnel and company advisor, has strengthened its team this month (May) by the addition of a new partn...
- Siemens and DB Schenker Logistics agree on a frame agreement for warehousing
Siemens and the German logistics service provider DB Schenker agreed on a frame agreement for warehousing to enable the business relationship of the two partners within contra...
- Kerry Logistics expands cold chain distribution in Australia
Kerry Logistics, based in Hong Kong, has set up a joint venture with Mosskito Logistics in Australia to tap into the cold chain distribution segment in the latter country. The join...
- No more Iveco HGVs from Ulm
The truck manufacturer Iveco is closing its production plant in Ulm (Germany) for economic reasons. The assembly work will be transferred to Madrid. The Fiat subsidiary Iveco noted...
- Agility appoints Patrick Jaeger as managing director area west
The global logistics provider Agility has appointed Patrick Jaeger as managing director of area west in Europe. In his new role, Jaeger will be responsible for defining growth stra...
|MAY 10, 2012|
- Construction of NCL Breakaway class cruise ships moves ahead
- Horizon Lines to drydock three ships in Asia
- Damen Shiprepair Götaverken helps owners deal with upcoming...
- European ECO2 inland waterway vessel to be LNG-fueled
- Diamond Offshore orders drillship, sells four jack-ups
|MAY 10, 2012|
- Celebration marks completion of new Sea-Tac car rental facility
- Freight transport service index drops during month of March
- Goods and services exports stay on positive side during March
- Evergreen joining MOL in new Asia/US East Coast run
- Parsons Brinckerhoff to manage Port of Long Beach bridge project
|MAY 10, 2012|
- Asia pumps money into US LNG
Deal includes sales and marketing to appeal to region's customers
- Atlantic basin refineries make a surprise comeback
New refinery rescue deals offer hope for West African suezmaxes
- English court stands firm in defending arbitration
Ruling demonstrates determination to ensure arbitration awards are final and immediately enforceable
|MAY 10, 2012|
- Tanker hijacked off Oman
A GREEK tanker was today hijacked by pirates south of Oman, EU NAVFOR confirmed to Fairplay.551978.timg
- Ex-Exxon Valdez barred
INDIA'S Supreme Court has barred Oriental Nicety, once Exxon Valdez, from entering the country for recycling.648971.timg
- Bharati yard and lenders cut a debt deal
LENDERS of Bharati Shipyard, India's second-largest private builder, have agreed to recast 56Bn rupees ($1.1Bn) in debt.
|MAY 10, 2012|
- CSAV Posts $175 Million Operating Loss
Chilean carrier CSAV said its first quarter loss on continuing operations narrowed to $175 million from $213 million a year...
- USPS Says $3.2 Billion Loss Shows Need for Reform
The U.S. Postal Service pointed to its $3.2 billion loss in the fiscal second quarter, a $1.1 billion deeper gash...
- Caterpillar to Sell Majority Stake in Logistics Company
Caterpillar, a major exporter of heavy equipment, plans to sell off the majority interest in its third-party logistics company to...
- Spot Rates Ease in Asia-Europe Container Trades
Average spot rates in the Asia-Europe trades eased on May 10 after their 19 percent jump last week following carriers'...
- Johnson Out as Saint Lawrence Seaway Development Corp. Head
The Obama administration appears to have finally pushed Collister Johnson Jr., head of the Saint Lawrence Seaway Development Corp., out...
- Two Accused of Port of NY-NJ Clean-Trucks Scam
A truck dealer and scrapper were indicted on charges of filing false insurance documents for participation in the Port of...
- Schneider, BNSF Extend Intermodal Partnership
Schneider National and BNSF Railway have extended their intermodal partnership by signing a multiyear contract, giving customers of the latter...
- XPO Logistics Plans Acquisitions Worth $250 Million
XPO Logistics is willing to absorb a little pain for future gain. While the former Express-1 Expedited Solutions reported a...
- LaHood Says PTC Exemptions to Save Railroads $775 Million
Transportation Secretary Ray LaHood on Thursday said the rail industry will save up to $775 million over 20 years through...
- Matson's First Quarter Profit Up 50 Percent
Matson Navigation Co.'s first quarter profit from continuing operations rose to $8.1 million from $5.4 million a year earlier, boosted...
- India's Trade Deficit Narrows
A sharp deceleration in imports pulled India's trade deficit in April to its lowest level in a year despite 3.2...
- MOL Executive to Shippers: Seek Out Long-Term Deals
Shippers who want reliable services at consistent prices should sign long-term deals with shipping lines, an MOL executive says. ...
- Shipowner Costamare Reports Income Growth
Greek container ship owner Costamare boosted first quarter income 37 percent from a year ago to $24.5 million as charter...
- Growing Fleet Rockets First Quarter Profit at Danaos
Greek container shipowner Danaos reported first quarter net income surged 72 percent from a year ago to $9.34 million as...
- Hapag-Lloyd Posts $172 Million First Quarter Loss
German ocean carrier Hapag-Lloyd's first quarter net loss widened to 132.4 million euros ($172 million) from 22.1 million euros ($28.7...
- BLG Logistics Earnings Climb 42 Percent on Record Revenue
BLG Logistics pre-tax profit soared more than 42 percent in 2011 from the previous year to 48.5 million euros ($63...
- ANA, JAL International Cargo Volumes Rise
Japan's All Nippon Airways Co. (ANA) said that its international cargo volume grew for the second consecutive month in March...
- Cathay Pacific to Cut Air Cargo Capacity
Cathay Pacific Airways said it would cut operating costs to combat a "challenging" business environment as the carrier issued a...
- Strong First Quarter Growth for ICTSI
Global container terminal operator International Container Terminal Services, Inc., booked a 24 percent increase in net income during the first...
|MAY 10, 2012|
- Higher volumes propels ICTSI's Q1 12 results
Manila-headquartered International Container Terminal Services Inc (ICTSI) has announced sharply higher box throughput figures at its cargo-handling facilities ...
- Horizon Lines sees mixed Q1 results
Charlotte, NC- headquartered Horizon Lines recorded increased revenue and a smaller operating loss for quarter one this year on the back of slightly higher cargo ...
- Global Container Terminals to develop technology advanced terminal at PNYNJ
North American terminal operator Global Container Terminals Inc. has unveiled final plans for a multi-million dollar expansion project to develop a 70-acre technologically ...
- Bright spots in a challenging year for Braemar
The Alan Marsh-led London-listed shipbrokers and shipping services group, Braemar Shipping Services posted a decline in pre-tax profits for its financial year, ...
- Hapag-Lloyd also still in the red in Q1 12
Hapag-Lloyd has joined the growing list of ocean carriers reporting negative figures for Q1 12. Although the carrier's revenue increased by 8% compared to the same ...
- Istanbul to get new container terminal
The Yildirim Group has confirmed that it is building a new deep-water container terminal in Gemlik (near Gemport), just outside of Istanbul, on the southern coast ...
- Brisbane's boxes break one million TEU barrier
The Australian port of Brisbane handled over one million TEU for the first time in its history in 2011. The actual 1,005,208TEU processed was up 8.3% on the 928,547TEU ...
- Panama box-handling capacity to be expanded
A new container terminal with the ability to handle two million TEU of cargo a year should open on Panama's Caribbean coast line by the end of 2014 and be fully ...
- CEVA Logistics files for IPO
CEVA Logistics has filed for an initial public offering of up to USD400 million in the US to help raise funds to pay off interest due on loans acquired to purchase ...
|MAY 10, 2012|
- Time to compromise
Two top Greek insurance buyers warn premium rises will be difficult as owners want value for money.
- AFL masterminds concede defeat
Tobias Koenig and Rudy Mack shed new light on collapse of failed US feeder service in a candid email to supporters.
- Armed pirates hijack Dynacom tanker
Journey from Port Said ends prematurely as gun-toting assailants seize Greek suezmax Smyrni.
- Meldgaard welcomes 'bank owners'
Torm boss is happy to have lenders as shareholders as giant restructuring remains on track.
- Bell tolls at GMR
Retooled General Maritime hands walking papers to longtime chartering manager as cost-cutting begins under Oaktree era.
- Sanko sheds light on Baltimore burn
Distressed Japanese operator confirms bulker arrest in US but insists majority of shipowners support temporary pay freeze.
- Finnlines falling further behind
Finnish ro-ro group bashed by higher costs in the first quarter and expects "volatile" year
- Red ink runs deeper at Torm
Restructuring costs and loss-making sales hurt Danish owner in Q1 as the question about its future lingers.
- Machado to leave Transpetro?
Speculation mounts that Brazilian tanker owner CEO's nine-year tenure could be about to draw to a close.
- Culture change for AP Moller Maersk
Ambitious risk retention programme is already yielding benefits for Danish shipping giant, insurance chief says.
- Black cloud plagues Eagle Bulk
Shares of US-quoted bulker owner suffer double-digit drop as unresolved debt drama overshadows earnings beat.
- Plain sailing for clubs for now
But Stephen Hawkes of PL Ferrari sees longer term pressures on the P&I market.
|MAY 10, 2012|
- Caterpillar moves on 3PL sale
Caterpillar signed a deal to sell Platinum Equity a 65-percent equity stake in Caterpillar Logistics Services LLC, the company's third-party logistics division of subsidiary Caterpillar Logistics. The overall transaction is valued at roughly $750 million.
- Axway powers single window pilot
- Global details Bayonne terminal expansion
Global Container Terminals has announced plans for a multimillion-dollar expansion to its Global Terminal in Bayonne, N.J. that it said will make it one of the most technologically advanced container facilities in the country.
- Cargotec shuffles VPs
- U.S. Customs announces new import centers
CBP will open two more industry-focused units aimed at centralizing the import process for trusted shippers, one for automotive and aerospace in Detroit and one for petroleum, natural gas and minerals in Houston.
- Accellos updates Workspace
- House panel passes port security bill
- FMC reviews 11 OTI license applications
- U.S.-EU ink cooperation pact for trusted traders
- Horizon projects modest growth in 2012
- Hapag-Lloyd sustains big hit in 1Q
The liner carrier was one of a few lines to have been profitable in 2011, but succumbed quickly with an operating loss of $132.9 million in the first quarter of 2012 due to poor rate environments and rising bunker costs.
- Matson benefits from Horizon's Guam exit
|MAY 10, 2012|
- Oil major ships Japanese fuel oil to Singapore
Shell charters tanker to ship 80,000 mt of fuel oil to Singapore in a move described as 'rare'.
- Rubis Terminal revenues up 21% for ARA operations
Partly due to new contract with O.W. Bunker for storing marine fuels.
- North American ECA fuel changover technical notice issued
Vessels to be fitted with exhaust cleaning systems not subject to changeover requirements.
- Bunker prices mostly down in the Americas
Demand picked up today on the US Gulf, players told Bunkerworld.
- LSFO in Colombia will help meet 2012 ECA requirements
Bunkers International to offer low sulphur fuel at ports of Cartagena, Barranquilla and Santa Marta.
- Singapore cargo officers to receive enhanced bunker training
Starting July 1, all new cargo officers will be required to be familiar with the requirements of the Singapore Standard on Bunkering.
- Ship repair yards look to ease cost of meeting environmental regulations
Looking ahead to new rebuilding requirements that come into force in 2015.
- Ship leaking fuel in Antarctica
Containment of the leak is expected to be delayed due to ice.
- IFO prices still falling in Fujairah
Middle East bunker hub sees prices weaken for sixth consecutive day.
- 'Slow day' in Rotterdam bunker market
IFO 380 prices climb in North European hub.
- New waste fuel recovery system geared toward environmental compliance
Changed MARPOL regulations and ban on incinerating oily waste in ECAs were drivers behind development of 'PureDry' system.
- Software technologies hold 'great potential' for shipping sector
'Software can help shipowners improve cost positions and competitiveness,' says GL.
- Torm's losses widen
Q1 results worse than analysts had forecast.
- Fuel oil stocks climb
Singapore inventories up by 642,000 barrels.
- Soaring bunker prices 'burdening costs' in the industry
Hapag-Lloyd reports 'very challenging' Q1 with wider losses.
- Asian bunker markets remain soft
Supplies of bunker fuels fine at key Asian ports on Thursday.
- Owners 'harming themselves' with 'false hopes' for ECA delay
Uncertainty about 2015 sulphur limit delaying scrubber investment, while others don't want to be 'guinea pigs', says Alfa Laval.
- US firm to offer gas turbine hybrid electric marine engines
Hybrid system able to save more than 8% of fuel, says GE Marine spokesman.
- China fuel oil stocks continue to rise
Volume rose 2.3% to 3.17 million mt in the week ending May 9.
- 'Tight' schedule for bunker deliveries in Japan
Due to continued use of bunker tankers for LSFO deliveries to power plants, says sources.
- Sembcorp Marine anticipates scrubber retrofit works
IMO regulatory rules to generate 'substantial amount of work' for the shipyards, the group says.
- MARAD offers $1.5 million for green marine projects
MARAD 'recognises' limited Federal funding opportunities for maritime sector for emission reduction projects.
- WFS fights MISC's allegation of off-spec bunkers
Asserts that bunkers provided were not defective and did not contain any improper substances.