|APRIL 17, 2012|
- Long Beach March volume up 12pc to 461,600 TEU, sparking hopes of recovery
- Kuehne + Nagel results beat market, but EU antitrust fine slashes profits
- Grounded 3,860-TEU Taiwan boxship refloated without harm off Karachi
- Abu Dhabi Terminals at Mina Zayed 2011 volume up 47pc to 767,713 TEU
- Pirate ransoms inevitable, seizing booty risks more than it gains: lawyer
- US Army Corps of Engineers backs beleaguered Savannah dredging scheme
- CN makes deal with CSX, providing west coast imports Ohio Valley access
- Mumbai's JN port boxes up 1.17pc, showing best performance in 5 years
- Transnet to invest US$4.3 billion to up South African capacity in 7 years
- British Columbia premier expects US$25 billion to go on infrastructure
- American Feeder Lines wins US$500,279 financing from Nova Scotia
- Cathay Pacific and Dragonair March cargo down 10.7pc to 144,140 tonnes
- China Southern Airlines launches daily Guiyang to Bangkok service
- Hactl implements US$31million COSAC-Plus cargo handling programme
- FedEx's four 757Fs to boost northern European next-biz-day service
- AirBridgeCargo Airlines gains IATA operational safety certification
|APRIL 17, 2012|
- Emirates Shipping joins Korea East Asia Middle East service
- ITIC says shipbrokers must protect commission entitlement
- Koper port in new container service connecting Egypt & Adriatic Sea
- Maersk Mc-Kinney Moller no more
- MOL acquires Competence Management System (CMS) certification from DNV
- MOL enhances Asia-Mexico, West Coast South America service
- New rail service from Port of Le Havre
- NSCSA unveils new brand identity-Bahri
- NYK LINE upgrades ALEX (Asia Latin America Express) service
- Despite EU turbulence, textile exports climb 11 pc
- Exporters caught unawares by jump in Basmati prices
- India urges Iran to lift ban on wheat imports
- IPGA urges govt to allow re-export of pulses
- Oilmeal exports slip a tad in March
- US asks India to streamline norms for import of poultry, toys
- Angré Port to be inaugurated on April 24
- Forex reserves tumble $ 1.47 bn to $ 292.92 bn
- RBI pegs $ reference rate at 51.05
- SECR freight traffic surges 7 pc in FY12
- Sensitive items imports jump 42.6 pc during April-Jan.
- Set up fund to provide dollar loans to SMEs, Fieo tells RBI
|APRIL 16, 2012|
- Dusseldorf welcomes UAE service expansion
Air Berlin, now a member of the One World Alliance, began daily flights between Dusseldorf (Germany) and Abu Dhabi (UAE) on 28 March 2012. The carrier uses an A330-200 with a cargo...
- Finland's national railway reports drop in freight volumes
VR Group, Finland's state railway, only hauled 34.8 million t of goods in 2011, 2.7% less than in the preceding year. The company was also forced to post of loss of EUR 10.8 millio...
- US market: German manufacturers see strongest March since 2007
German manufacturers noted that their sales of light trucks (SUV, CUV, vans and pick-ups) in North America grew faster than the US market in March 2012. Whilst sales overall jumped...
- Denmark: police and transport industry start fight against crime
The Danish police and the country's transport industry organisations recently had their first meeting in a new cooperation. The alliance's goal is to go on the offensive against cr...
- Tarros restyling and upgrading Great Pendulum Service
Tarros, a regional container carrier and multi-transport operator specialized in the Mediterranean region, recently completed the restyling and upgrading of its Great Pendulum Serv...
- CMA CGM introducing peak season surcharge
The French shipping company CMA CGM is introducing a peak season surcharge of USD 200/teu today (16 April). The rate hike applies to services between North Europe, the Red Sea and ...
- Air China temporary reduces Dubai service
From today (16 April 2012) until 1 July 2012, Air China is reducing its Beijing - Dubai service. The carrier is operating the link four times per week instead of five. The Monday s...
- ABC awarded IOSA certification
AirBridgeCargo Airlines (ABC), Russia's biggest cargo carrier, has successfully completed an audit to be listed in the Iata Operational Safety Audit (IOSA) regis...
- BLS Cargo hauled more goods in 2011
The Swiss freight railway BLS Cargo reported that its earnings before interest and tax came to CHF 4.2 million in 2011, CHF 1.8 million more than the previous year. The company's t...
- New name for Zurich's forwarding association
Zurich's forwarding association (Zürcher Spediteur-Vereinigung/ZSV) recently held its 89th annual general meeting, which was well attended by around 100 members and guests. During ...
- Kandia Dulce Romania trusts in DB Schenker Logistics
Kandia Dulce, one of Romania's leading confectionary companies, has awarded the German service provider DB Schenker a contract to manage its warehousing and transportation activiti...
- Nobert Dentressangle launches new service
Norbert Dentressangle Overseas - the fast-growing freight forwarding division of the French service provider Norbert Dentressangle - has launched 'Red Sky Connect', a managed, end-...
- IJS Global appoints head of ocean freight for EMEA
IJS Global has further expanded the senior management team of its ocean freight division by appointing Matthew Deer as head of ocean freight EMEA and senior vice-president. He repo...
- New UK manager of sales for SBS Worldwide
SBS Worldwide has named Richard Perriman as UK general manager of sales. He has been in the industry for 25 years, working for a variety of freight forwarders. Most recently Perrim...
|APRIL 16, 2012|
- Kvichak delivers RB-M C to Seattle Police Department
- Bourbon AHTS is first vessel drydocked by Damen Shiprepair...
- ACL buys eight SeaRiver tank barges
- Teekay Corporation to sell most of its tankers to Teekay...
- P&O Maritime research vessel carries out survey for Irish...
- Vancouver Shipyards calls in STX to help it gear up for NSPS...
- Mærsk Mc-Kinney Møller dies at 98
- Polar research ship has Raytheon Anschütz IBS
- ASL Marine adds five vessels to its order book
|APRIL 16, 2012|
- Port of Kalama to fill port commission vacancy
- Port of Bellingham schedules airport planning public meetings
- 13th District Coast Guard officer selected as top enlisted person
- Port of Newport seeking Director of Finance applicants
- Wallenius Wilhelmsen Logistics making environmental headway
|APRIL 16, 2012|
- Italian judgment looks set to be an antitrust milestone
Fines imposed on cartel for fixing agency fees could be seen as authorities' opening salvo in a purge of anti-competitive practices
- Brussels supports first non-ECA LNG supply project
Ten-T funding for seven maritime projects has been revealed
- TT-Line plans scrubber trials
Ferry operator plans 2013 retrofit
- Ferry operators trial cold ironing power systems
New standards and EU funding see lines trial shore-based power
- Shipowners ill-prepared for UK Bribery Act
Firms that fall short could be forced out of the market
- LPG carrier owners charge premium for Iran spot market loadings
Iranian fixtures help keep Middle East-Asia spot market stable
- Pipeline repair boosts Mediterranean aframax rates
Turkish oil exports recover as Ceyhan pipeline reopens
- Shipping remembers Maersk Mc-Kinney Moller
Friends, family and colleagues pay tribute to a modest man with a creative streak
- Maersk Mc-Kinney Moller dies
Legendary shipowner leaves extraordinary legacy
- Indonesian mining tax is bad news for bulk shipping
Punitive export duties could be introduced within a few months
- New low price benchmark set for Chinese-built capesize bulker resales
Cancelled orders resold by Jinhai Heavy Industries to European buyers for $36.5m
- MISC sells biggest boxships
Full exit from container shipping underway
- German cargoship diverted amid claims of Syria arms run
Ukraine-chartered vessel to be searched after reported breach of arms embargo
- Vos Logistics posts 5% rise in net turnover
Domestic and international cargo volumes both up in the first nine months of 2011
- Sharp fall in lending to shipowners
Dealogic reports 68% drop in first quarter
- TT Club writes more business
But profits fall by 90% due to difficult claims environment
- Ningbo Marine sells bulker for $3.6m in scrap deal
Shanghai-listed owner legally obliged to scrap 1978-built handysize
- Maersk Mc-Kinney Moller
Death of Maersk Mc-Kinney Moller leaves group facing a new era
- Too tight to mention
Norwegian bond market goes where others fear to tread
- Chinese and Bangladeshi interest boosts scrap prices
Surge in activity prompts Indian breakers to raise prices too
- Brussels fine weakens K+N results
First-quarter results 'unsatisfactory' despite volume growth
- Evergreen confirms 13,800 teu order
Taiwanese line secures ships at bargain price
- China and Germany sign MoU to build onshore power systems for vessels
Countries agree to develop exhibition project in Shanghai and Hamburg
- When Maersk Mc-Kinney Moller called in on Lloyd's List
Said a personal thank you for his Lifetime Achievement award
- Rasmussen and Andersen pay tribute to Mc-Kinney Moller
Passion and vision an inspiration to workforce
- Liverpool tug crews to strike next week
Svitzer faces four-day walkout
- Shanghai box throughput growth slows in first quarter
Port performance in line with forecasts as Chinese growth slows
- Abu Dhabi's Mina Zayed port sees 47% rise to 768,000 teu
Container volumes have more than tripled since 2006 but chief executive says most exciting years are still to come
- UASC fixes $150m loan facility from Burgan Bank
Shipowner plans service expansion in key trades
- Tighter maritime security pays off in Asia
Fewer incidents in Malaysia, South China Sea and Straits of Malacca in first quarter
|APRIL 16, 2012|
- MPP vessel in sanctions row
A GERMAN multipurpose vessel has been pulled from a voyage to Syria by its owner/manager in the Eastern Mediterranean due to fears over a sanction breach
- Grounded ship refloated in Karachi
TAIWANESE container ship YM North loaded with 1,740 containers which ran aground near Karachi Port was re-floated on Saturday
- Canada boosts Churchill prospects
CANADA'S government has created a C$25M ($25M) fund to support the diversification of shipping through the Port of Churchill
- One dead, four hurt in breaking blast
A MASSIVE blast killed one worker and critically injured four others at India's Sachana Ship Breaking yard on Friday
- Indian companies put $300M abroad
India's Mercator, Varun Shipping and ABG Shipyard decided to invest about $300M abroad in March, data released over the weekend by India's banking regulator, the Reserve Bank of India (RBI), has revealed
- Freight hikes hit K+N earnings
Freight forwarder Kuehne + Nagel today reported a considerable drop in first-quarter earnings due to soaring freight rates
- New antitrust suit filed
A major new antitrust action has been filed by 37 shippers related to alleged price-fixing in the US-Puerto Rico box trade in 2002-2008
- Long Beach imports jump
MARCH container imports to California's Port of Long Beach increased 18.3% year-on-year to 226,150teu, spurred by a post-Chinese New Year volume surge
- Seadrill to expand Seabras for listing
SEADRILL, the listed company in the centre of John Fredriksen's offshore business, plans to expand the operations of its Brazilian unit Seabras before listing the company
- US scrappers plead guilty
OWNERS of a US ship-breaking company have pled guilty to environmental crimes stemming from their scrapping business in Virginia
- Bangladesh, China rule breaking game
BREAKERS in Bangladesh and China upped their offers last week as both countries had an avid appetite for tonnage
- Discounts prompt bulker purchases
FALLING asset prices are spurring investments in the secondhand bulker market, despite the Catholic and Orthodox Easter holidays last week
- Torm and banks agree temporary standstill
DS Torm, the trubled Danish product tanker and dry bulk shipping group, and its bank group have extended the deferral of instalments and covenant standstill until 30 April 2012
- Bulker scrapping up; fleet growth also up
THE rate at which dry bulk carriers have been scrapped so far this year has been brisk, but analysts have mixed views about the future
- Asciano, MUA agree to formal talks
AN END to the battle between port operator Asciano and the Maritime Union of Australia appears close, after both parties agreed to a formal resolution process starting today
|APRIL 16, 2012|
- Puerto Rico Shippers Sue Sea Star, Crowley
More than three dozen customers of Sea Star Line and Crowley Liner services have filed a triple-damage antitrust lawsuit against...
- Diesel Prices Fall for Second Time in Three Weeks
Diesel prices across the U.S. fell for the second time in three weeks, slipping 2.1 cents in the week ending...
- US-Colombia FTA Set to Take Effect Next Month
U.S. exporters and importers will be able to better tap the growing Colombian economy starting May 15 when the free...
- UASC Completes $150 Million Financing Deal
United Arab Shipping Co. has concluded a $150 million financing deal that includes a seven-year senior term loan facility with...
- High-Tech Product Launches Lift Cathay Pacific
The launch of electronic products by manufacturers such as Samsung and Apple gave a significant boost to air freight exports...
- Emirates SkyCargo Boosts Dubai-Australia Capacity
Emirates SkyCargo has doubled freighter capacity on its service between Dubai and Australia. The Boeing 777 freighter service will...
- LA-LB Container Volumes Climb
Container volumes at the ports of Los Angeles and Long Beach bounced back strongly in March following a weak February....
- Frankfurt Airport Cargo Declines 11 Percent
Frankfurt airport handled 11 percent less freight in March than a year ago as a night flight ban aggravated the...
- Intermodal Volume Inches Up 1.1 Percent
U.S. intermodal rail shipments in the week ending April 7 rose 1.1 percent year-over-year and fell. 4.7 percent from the...
- TT Club Income Hit by Record Catastrophic Claims
The TT Club, a mutual insurer of transport and logistics risk, reported a 90.6 percent drop in net income on...
- House Likely to Vote Tuesday on Transport Bill Extension
The House is expected to vote Tuesday on another 90-day funding extension for surface transportation programs, giving Democratic members the...
- Kuehne + Nagel's Profit Slumped in First Quarter
Kuehne+Nagel's first quarter profit slumped to $73.5 million from $167.5 million a year ago as the Swiss global logistics group...
- Maersk Mc-Kinney Moller Dies at 98
Maersk Mc-Kinney Moller, the legendary Danish shipowner who helped build Maersk Line into the world's biggest ocean container carrier, died...
- Ocean Carriers Ready Further Rate Hikes
Ocean carriers are preparing a fresh round of rate hikes on the Asia-Europe trade, taking advantage of stronger-than-expected cargo growth...
- Indian Authority Slashes Rates at PSA Chennai Terminal
India's Tariff Authority for Major Ports ordered a 12.23 percent reduction in tariffs levied by Chennai International Terminals, a PSA...
- Abu Dhabi Terminals Volume Rose 47 Percent in 2011
Abu Dhabi Terminals saw volume rise 47 percent year-over-year in 2011, reaching 767,713 20-foot equivalent units. ADT currently operates...
- ANA, JAL International Cargo Volumes Soar
Japan's All Nippon Airways Co. (ANA) said that its international cargo volume soared 24.5 percent in February from the same...
- Evergreen Orders 10 Mega-Ships
Evergreen Line said it will charter 10 ships with capacities of 13,800 20-foot equivalent units. The Taiwanese...
- Growing World Demand Sparks the End of Cheap Oil
All it took was the March 25 shutdown of a single North Sea oil platform to boost Brent crude oil...
- ILA Talks Off to Quiet Start
After a mighty bluster in the run-up to negotiations for a new contract at East and Gulf Coast ports, the...
- Class 8 Heavy Truck Orders Decline
Are trucking companies losing confidence in the recovery and slowing plans to upgrade or expand capacity? There are signs carriers...
- YRC Freight Streamlines Operations
YRC Freight streamlined its nationwide network last week, implementing changes to reduce freight handling and focus the $3.2 billion less-than-truckload...
- FMCSA Cracks Down on Fraudulent Brokers
When the gavel finally came down on convicted scam artist Kulwant Singh Gill on March 28, it came down hard....
- Potholes Scar Road to US Highway Bill
The curtain is nearly drawn on Congress passing a surface transportation bill this year, but a positive House performance could...
- Senators Want Mexico to Drop Poultry Probe
A bipartisan group of 16 senators, led by Tom Carper, D-Del., and Saxby Chambliss, R-Ga., have sent a letter to...
- Holt Completes Rooftop Solar Power Plant
Gloucester Marine Terminal in New Jersey is one of the nation's largest dockside refrigerated warehouse facilities. Now it is also...
- Purfresh Expands Latin America Staff
Purfresh Inc., which provides ocean transportation and supply chain management technologies that optimize the quality and safety of fresh produce,...
- New Pharma Service for TNT Express
TNT Express has started a service it says will simplify and secure the international movements of pharmaceutical products such as...
- Growing Cold Train Gets Drayage Partner
Rail Logistics-Cold Train and Interstate Distributor forged a partnership in which Cold Train will use a dedicated fleet of trucks...
- Kuehne + Nagel Starts Pharmaceutical Service
Swiss freight forwarder Kuehne + Nagel has introduced a new product for the pharmaceutical and health care industry. KN...
- Klinge Unveils Blast Freezer Box
Refrigerated equipment manufacturer Klinge has introduced a lower-cost version of its blast freezer container, which quickly freezes cargo to minus-76...
- Refrigerated Warehouses See Growth in Profits
The outlook for growth in profits improved for North American public refrigerated warehouse companies in the second half of 2011...
- Savannah Expands Reefer Capacity
The Georgia Ports Authority added 20 refrigerated container racks at the Port of Savannah's Garden City Terminal. Each...
- Wilmington, Del., Sets Cargo Records
The Port of Wilmington, Del., handled 5,084,478 tons of cargo last year, up 26 percent from 2010, and achieved the...
- Family Dollar to Expand Reefer Product Line
Family Dollar Stores plans to add about 1,000 items to its stores this year, including more frozen breakfast, lunch and...
- Target Set to Break Ground on Food Distribution Center
Target Corp. is ready to begin construction of a $103 million refrigerated distribution center in central Ohio that will employ...
- Trade Blocks Often Protectionist in Nature
Bilateral negotiations to end agricultural trade disputes failed with 46 nations, the European Union, the Gulf Cooperation Council and the...
- Agriculture Trade a 'Risky Business'
Analysts and economists at the U.S. Department of Agriculture are full of good news about sales prospects for U.S. farm...
- US Food Safety Regulations Come at a Price
First came the Facebook posts that got shared and reshared. Within a few days, "pink slime" was a trending topic...
- Reefer Truck Shortages Boost Rates
There will be more Florida oranges coming out of the groves and onto refrigerated trucks this year - good news...
- US Agricultural Foods Whet Chinese Appetites
China's consumers spent $962.8 billion in grocery stores last year, pushing the country to the world's top spot in grocery...
- Food Exporters Note PierPass Flaws
Refrigerated shipments are expected to grow along with the world's middle class, but a representative for U.S. food exporters warns...
- US Exporters Hope for Bigger Piece of Korea's Market
A month after the U.S.-South Korea free trade agreement took effect, U.S. pork producers, cattle ranchers and fresh fruit and...
- In Mexico's Trade Complaint: Parts Ain't Parts
Take 30 seconds to relive part of the 1980s when fast food chain Wendy's spent millions of dollars...
- On Container Shipping: Where's the Logic?
Just when it looked as if ocean carriers were nearing a recovery of some sort, with rate increases taking hold...
- US Auto Production Revving Up Exports
Saratoga Honda's parking lot is full of new cars, a sharp contrast to last summer, when the auto dealer's supply...
- The Shift to a Cleaner, Cheaper Fuel Is a Slow One
Booming natural gas production isn't just giving the truck industry extra loads to haul. Low natural gas prices are providing...
|APRIL 16, 2012|
- K+N takes knock in Q1 12
Despite further cargo growth, Kuehne + Nagel suffered a reduction in profitability in Q1 12 due to lower margins in forwarding and its fine of CHF65 (USD70.2) million ...
- Savannah port move closer to harbour deepening
The US East Coast Port of Savannah is a step closer to realise its ambition to deepen its harbour as after 15 years of study. The United States Army Corps of Engineers ...
- Transpac rate hikes off the agenda?
In its weekly US logistics market review, Wall Street's Wolfe Trahan, has provided more evidence that the rebound in ocean freight rates on the Asia to USWC tradelane ...
- Yusen expands ISO coverage in Europe
Yusen Logistics can now boast 12 countries and 35 individual facilities as compliant under its ISO 14001 quality control certification as it strives to improve ...
- Maersk Mc-Kinney Moller: R.I.P
Denmark's greatest businessman - the driving force and figurehead of a global transport and energy business employing 108,000 people across 135 countries - Maersk ...
- Northport orders more equipment from Cargotec
Northport (Malaysia), which operates one of the main container-handling complexes in Port Klang, and Cargotec, a leading supplier of container-handling equipment, ...
- China boosts yuan
The chief of the International Monetary Fund [IMF] Christine Lagarde, has welcomed the People's Bank of China's decision to allow its currency to move up or down ...
- Mina Zayed powers ahead
Mina Zayed, Abu Dhabi, posted a massive 47% jump in its box throughput in 2011, with a total of 767,713 TEU handled. The rise in traffic volumes was attributable ...
|APRIL 16, 2012|
- Heavy claims hit TT Club
Liner shipping mutual manages to hold on to profitability despite natural disasters, port damage and containership casualties.
- Drunk master jailed
Russian captain found asleep at helm of Danica Hav banned from vessels for a year by Danish court.
- NSCSA brushes off downturn
Saudi tanker owner defies the gloom to post huge first quarter profit.
- Tanker raided off Singapore
Robbers board Vietnam's Great Fish, threaten crew and steal cash before escaping.
- Seadrill IPO delayed again
Fredriksen drilling company focuses on new structure for Brazilian spin-off ahead of listing.
- 'Demanding but inspiring'
AP Moller CEO and chairman add their voices to those lining up to honour Maersk Mc-Kinney Moller.
- Tributes flood in for legend
Current and former employees remember Maersk Mc-Kinney Moller the businessman and the gentleman.
- Farstad sheds two more
Oslo-listed owner accelerates disposal of 1980s-built tonnage.
- Sell-offs back on agenda?
Renewed speculation over Danske Bank disposal after death of Maersk Mc-Kinney Moller.
- Bumi confirms Caspian deal
Hassan Basma-led outfit seals $200m pipelaying contract with Russian giant Lukoil.
- Mc-Kinney Moller dies
Grand old man of Danish shipping passes away three months short of 99th birthday.
- ASL Marine seals big win
Singapore-listed shipbuilder inks deal for five offshore support vessels.
- "Arms ship" diverted
German government to check Bockstiegel vessel accused of carrying Iranian weapons to Syria.
- Sungdong cuts deficit
Korean shipbuilder hopeful of new orders as big annual loss is reduced in 2011.
- CGGVeritas wins Angola job
Paris-based seismic outfit nets five-year deal to gather data off Africa's largest oil producer.
- DSME to win Q2 duel
Deutsche Bank backs Daewoo to win the most orders among Korea's big three in the second quarter.
|APRIL 16, 2012|
- Argentine logistics park receives overseas financing
- AIR expands risk planning to supply chain
- Liner icon M'ller passes away
- Restructuring leaves Horizon more financially secure
- Antitrust fine hits K+N's bottom line
- CMA CGM raising European export rates
- UASC in $150 million financing deal
- Cathay's cargo down 10% in March
- J.B. Hunt reports record 1Q profit
- CORRECTION: Asia exports up 15.6% in February
|APRIL 16, 2012|
- Prices go downward across the board
Low sulphur avails tight in Rotterdam.
- Prices falling in Fujirah and Suez
Average bunker demand in Fujairah.
- Maersk Mc-Kinney Moller dies aged 98
Speculation that A.P. Moller-Maersk Group could be split.
- Combined SOx and NOx emission removal 'up and running'
Removing SOx and PM by dry scrubbing and then reducing NOx by SCR 'is an ideal combination,' says EGCSA.
- US port predicts 'new market for biofuels by 2015'
Cruise ships will be 'leading the conversion to biofuel-based energy.'
- Russian fuel oil tax set to fall
May export duties could be $8 pmt below the April figure.
- WWL 'on track' with 30% CO2 reduction target
Maintains it global low-sulphur fuel policy and says environmental performance is 'a key success factor' for the future.
- Week opens with lower bunker prices
Traders mixed about demand levels across most of the key Asian ports on Monday.
- Chinese port in LNG supply deal
Player says joint venture will boost prospects for LNG being supplied to ships as fuel.
- New Indian port plans competitive bunkering service
Developer of port between Mumbai and Goa in talks with public sector oil firm to offer Fujairah price levels.
- Shipyard diversifies with bunker tanker order
Shanghai Waigaoqiao Shipbuilding building bunker tankers to 'fill up its berth slots'.
- Norden CEO reiterates company's focus on climate
Emphasis on fuel efficiency 'essential' for its long-term business, says Carsten Mortensen.
- Hong Kong bunker sales up 7% in March
Deals completed generally small on high bunker prices, local players say.
- Torm gets further reprieve
Secures further extension to defer debt installments and covenant standstill as it works on its financial restructuring.
- Bunker tanker owner mulls cancelling newbuilds contract
Following 'significant' delivery delays from the Chinese shipyard, says Yujin.