|MAY 25, 2012|
- Tianjin Port and Singapore's PSA joins hands to develop Tianjin Port
- Zhejiang publishes first road freight rate index in bid to end rate volatility
- China Shipping to issue US$316.1 million in medium-term notes
- Nigerian port growth boosted by investment, says national port authority
- New WAFMAX 4,500 TEU containership for Safmarine
- Evergreen to launch South India-Persian Gulf service from June 5
- UK rail regulator mulls charges that put shift from trucking at risk
- Changi Airport suffers 5pc cargo decline to 148,200 tonnes in April
- Thailand's Business Air to launch Wuhan-Bangkok direct flights on June 27
- Qantas International and Qantas Domestic to be run as separate entities
|MAY 25, 2012|
- DB SCHENKER offers unique air freight service for healthcare industry's sensitive freight
- Fagioli India successfully handles mega generator stator
- Hyundai car exports to take a knock due to Europe, US recession
- ChPT plans air freight station near airport
- JN Port looks optimistically ahead
- MoS striving to break deadlock over KoPT transloading operations
- Security being upgraded at Major Ports: Vasan
- Vizag Agriport to develop fertiliser berth at Visakhapatnam Port
- Daimler trucks entry will throw up fresh challenges
- S. Rly flags off bitumen-laden BPCL-Kochi rake to Bhutan
- Govt may ease duty-free import norms for power cos
- Govt mulling levying 4 pc CVD on gold jewellery imports
- Ramesh wants to include PPP projects in Land Bill
- Eurozone crisis could play spoilsport in world recovery: OECD
- Opec projects rise in global oil demand
|MAY 24, 2012|
- FreightCar America delivers more wagons
FreightCar America, a US manufacturer of railroad freight cars, has reported its Q1/2012 results. Revenues amounted to USD 219.1 million - USD 146.9 million less than in the same q...
- Norbert Dentressangle starts UK trials of Renault Trucks
The French service provider Norbert Dentressangle recently took delivery of the first Renault Trucks 26 tonne hybrid vehicle in the UK. The new vehicle represents part of the compa...
- Jens Nöldner to become new CEO of DB Schenker Rail Automotive GmbH
As of 1 June 2012, Jens Nöldner will become the new CEO of DB Schenker Rail Automotive GmbH, the entity which handles Deutsche Bahn's rail freight activities for the automotive ind...
- Ibia announces new appointments for 2012 and 2013
The International Bunker Industry Association's (Ibia) board of directors has unanimously agreed to appoint Simon Neo Tiau Gee as vice-chairman and Dilip Mody as honorary treasur...
- Kögel lands major order from Lithuania
The Lithuanian forwarding company Finèjas, one of the biggest in the Baltic area, will receive the first of the 100 ordered Kögel Cargo platform trailers via the long-term Kögel ge...
- New sales partner for Wascosa in Italy
The Swiss rolling stock manufacturer Wascosa has further expanded its sales network. SSI Servizi Speciali Integrativi, headquartered in Genoa, is the new sales partner and strength...
- Schenker Logistics is MASkargo's 16th "Megatonner"
Malaysia's cargo airline MASkargo unveiled its all-time high tonnage contributor at the bold and bedazzling Megatonners Awards 2011. Schenker Logistics (Malaysia) was crowned overa...
- MOL announces launch of new China - Middle East Service
The Japanese shipping company MOL Liner Ltd (MOL) is set to launch a new China - Middle East service (CMS), with the first vessel departing Shanghai on 8 June 2012. MOL w...
- Sea Port of Saint Petersburg invested in port infrastructure in Q1/2012
The Russian entity JSC Sea Port of Saint Petersburg transferred about RUB 66 million (around EUR 1.6 million) for the development of port infrastructure. The money will be used for...
- Boeing delivers UPS's 50th B767 freighter
The US-based aerospace giant Boeing and the express provider UPS recently celebrated the delivery of the cargo operator's 50th B...
- Airbus, EADS EFW and ST Aerospace finalise agreement for A330P2F conversion programme
Airbus, ST Aerospace and EADS EFW have finalised the agreement to establish the collaboration for the launch of the A330 passenger-to-freighter (P2F) conversion programme. This fol...
- DB Schenker expands capacity for growth in Dublin region
DB Schenker in Ireland has opened a new logistics centre at Furry Park, Santry, Dublin. The facility comprises a nearly 8,000 sqm high bay warehouse. This is already DB Schenker's ...
- Spirit Pub Company selects Kuehne + Nagel
Spirit Pub Company has awarded the global logistics provider, Kuehne + Nagel a long-term contract to handle the food service supply chain for its estate of more than 800 managed pu...
- Hermes Group saw sales surge in 2011
The twelve companies that operate under the Hermes brand were able to increase their turnover by 4.7% to EUR 1.8 billion in 2011 (2010: EUR 1.724 billion). The result was recently ...
|MAY 24, 2012|
- Newport News Shipbuilding marks a CVN 78 construction...
- Port of LA moves ahead on marine research center project
- Ingram completes U.S. United Barge Line acquisition
- Coast Guard works with towing vessels to meet national safety...
- SpecTec names Evan Efstathiou Executive Director of SpecTec...
- Nautronix to supply deepwater acoustic positioning systems for...
- IHC Merwede opens new facility in U.S.A
- Shipowners form human SOS to protest piracy
|MAY 24, 2012|
- Port of Anacortes changing makeup of senior staff positions
- Crowley taps Laura Yellig as new vice president
- Coast Guard to controll access to Willamette River during Rose Festival
- Labor woes hit operations at Port Metro Vancouver
- APL joining Pacific International in new Far East/Red Sea service
|MAY 24, 2012|
- Frontline 2012 plans to order up to 24 tankers
Fredriksen spin-off strikes confident tone in distressed market
- MCA manager unfairly dismissed, tribunal holds
But safety allegations not seen as public interest disclosure
- Panama Canal fees hike planned for July
Authority pledges to listen to shipping concerns
- Deiulemar Compagnia appeals against bankruptcy ruling
Improved offer to creditors mooted as younger generation strives to save company
- Up to 12% of world tanker fleet faces the scrap
DNB report says 44m dwt ripe for demolition by 2016
- Cheniere to borrow $2bn for Sabine Pass
Meeting with banks next week will discuss purchase of natural gas pipeline
- HSH Nordbank looks to full-year profit after positive first quarter
Ship finance giant is reducing its portfolio
- ISO to develop IMO's international standard for armed guards
Draft will be ready for maritime safety committee meeting in November
- Venezuela-China deal boosts VLCC demand
Latin American state doubles loan for oil deal to $8bn
- Supramax markets are worlds apart
Atlantic booms as Pacific busts
- Rainbow-Cargotec Industries invests in Shanghai base
Joint venture to develop port equipment manufacturing complex
- P+S seeks state bail-out
Troubled shipyard has struggled to pre-finance its orders
- Petroplus poised to find buyer for UK refinery
Short-term fillip for struggling transatlantic product tanker trade
- EU Navfor coastal attack may have blocked Albedo release
Pirates threaten to kill hostages if naval forces attack again
- STX O&S wins $120m deals to build LPG carriers and product tankers
South Korean yard also in final talks for orders totalling $430m for two LNG tankers and one ethylene carrier
- May indicator shows that China's manufacturing continues to fall
Falling PMI raises new doubts over impact of stimulus package
- APM Terminals offers to take charge in Virginia
Unsolicited 'conceptual' proposal covers operating all the Port of Virginia facilities in Hampton Roads
- Reefer sadness
Green Reefers' demise throws spotlight on sector's survival
- Fredriksen is 'tired' of the Oslo Stock Exchange
Golar delisting bid after tycoon's long-standing dispute with Oslo Stock Exchange
- EU may suspend Iran P&I ban as leverage in nuclear talks
But western governments stand firm on oil sanctions
- China Shipping and CNPC to strengthen ties
State-owned shipping and energy giants sign strategic co-operation agreement in largely symbolic move
- Jonesing for a waiver
Major investor's exit underscores how law damages US coastal shipping
|MAY 24, 2012|
- Ulstein's profits fall
ULSTEIN, the privately owned Norwegian shipbuilding, design and system provider, today reported falls in both revenues and profit for 2011
- Ivorian minister fired
A MINISTER in Ivory Coast has reportedly been sacked following the disappearance of reparations from Trafigura for victims of the 2006 dumping of toxic waste
- ECSA wants more work on sulphur limit
EUROPE'S shipowners today urged the EU to return to the drawing board to make new fuel sulphur limits acceptable
- APM bids for Virginia box operations
APM TERMINALS has made an unsolicited bid for the box facilities at Port of Virginia aimed at boosting capacity by about 1.2M teu
- Grupo TMM to exit NYSE
MEXICAN shipping and logistics major Grupo TMM has confirmed plans to delist from the New York Stock Exchange, blaming exchange rate volatility
- Shipowners stall more IT
HIDEBOUND owners remain the main hindrance to more high technology on ships, INMARSAT Maritime president Frank Coles told Fairplay
- Heavy-lift squeeze seen persisting to 2015
TRADING conditions for heavy-lift/multipurpose tramp operators are expected to remain challenging until 2015, the Breakbulk Europe conference in Antwerp heard
- Sundance takeover delayed
HANLONG Mining and Sundance Resources were reported today to have agreed to delay the target for the Chinese group to seal an A$1.34Bn ($1.3Bn) takeover of the Australian group
- Erika spill appeal heard
FRANCE'S top appeal court today said it would reveal on 25 September whether it has sustained the convictions of Total and two co-defendants in 1999's Erika oil spill
- Near-doubled Chinese corn imports seen
CHINA could import 9M tonnes of maize in the current 2012-13 marketing year, almost double 2011-12's 5M tonnes, a drybulk consultancy has predicted
- Vale said to fix Capesizes as rates slide
CAPESIZE owners' chagrin turned into Vale's delight as the Brazilian miner made a rare move into the spot market, reportedly taking four Capesizes to ship iron ore to China
- Singapore Shipping's profits jump by 44%
SINGAPORE Shipping, which specialises in long-term charters of car carriers, said earnings for the last quarter of its fiscal year rose 44% year on year to $2.1M
- Rio's 'steady as she goes'
RIO TINTO today issued a positive assessment of Chinese iron ore demand and said it would push ahead with expansion
- Eitzen Chemical cuts losses
EITZEN Chemical, Norway's listed chemical carrier operator, said today its net losses in 1Q12 were cut to $16
- FESCO offered with a 22% top-up
RUSSIAN brokers said FESCO president Sergei Generalov is selling out at a price valuing the shipping group at $1.4Bn
|MAY 24, 2012|
- Gunthers Transport Owner Files Bankruptcy Petition
The owner of a trucking company shut down by federal regulators last year for numerous safety violations has filed for...
- LA Council Accepts ACTA, FDRA Finance Agreement
The Los Angeles City Council has accepted a financing arrangement between the Alameda Corridor Transportation Authority and the Federal Rail...
- Asia-Europe Spot Rates Slide for Third Straight Week
Spot rates on the westbound Asia-Europe trade fell for the third consecutive week, indicating vessel overcapacity on the route and...
- Intermodal Volume Up 3.1 Percent, AAR Reports
Intermodal freight volume hauled by U.S. railroads rose 3.1 percent in the week ending May 19, as containerized intermodal freight...
- Geodis Expands Trucking Operations Into China
Geodis Wilson has expanded its international trucking services in Southeast Asia into China. The company already offers a range...
- CSX's Ward Favors West Coast Port Growth
CSX Transportation CEO Michael Ward said he would prefer West Coast port growth to East Coast port expansion, because shipments...
- Deutsche Post Sees Annual Profits Soaring by 2015
Germany's Deutsche Post said it expects profits to increase by 1 billion euros ($1.25 billion) a year by 2015, driven...
- OOCL to Hike Trans-Atlantic Rates
OOCL said it will put a general rate increase into effect on cargo moving in both directions on the trans-Atlantic...
- 19 Charged in International Car Theft Ring
Nineteen persons have been charged with participation in an international car theft ring that exported stolen vehicles through the Port...
- Canada to Legislate on Monday End of Canadian Pacific Strike
The Canadian government plans to introduce legislation on Monday that would end a rail strike at Canadian Pacific Railway. ...
- SCI Acquires White Glove Transportation
Toronto-based SCI Logistics has acquired White Glove Transportation Systems Ltd., which provides specialized delivery and installation of specialized equipment such...
- Pantos Logistics Expands in Indonesia
Pantos Logistics has opened a second logistics center in Indonesia to meet growing demand for domestic logistics. Located adjacent...
- Freight Volume Declines at Singapore's Changi Airport
Singapore's Changi Airport saw freight volume decline by 4.9 percent in April compared to a year earlier, despite aircraft movements...
|MAY 24, 2012|
- Vietnam box market: obituary premature
Similar to Mark Twain's famous cable to the obituary editor of a New York newspaper [The reports of my death are greatly exaggerated] the head of commercial at ...
- APL switches partners on Far East/Red Sea run
APL and Pacific International Lines (PIL) - Singapore's two largest liner shipping companies - are to work together on a new service connecting Asia with the Red ...
- K+N improves its Chinese
Kuehne + Nagel's information management system KN Login has become available in simplified Chinese, in addition to English, German, French, Italian and Spanish. ...
- Damco still ahead
As with most forwarders, Damco's profitability suffered in Q1 12 compared to the same period last year, but it still remained in positive territory. Although its ...
- Green Reefers' new era
Bergen-based Green Reefers ASA is to be delisted from the Oslo Stock Exchange as a consequence of a deal reached with its largest shareholder Caiano AS which is ...
- APM T offers billion dollar Virginia port deal
APM Terminals (APM T) has submitted a proposal to the Commonwealth of Virginia, US, for a long-term concession for the operation of the port of Virginia - and it ...
- CP strike will hurt Canadian shippers
A strike by 4,800 Canadian Pacific Railway [CPR] engineers, conductors and traffic controllers that started on Wednesday is already causing chaos for the nation's ...
- South Africa to consider cabotage controls
The South African Government is to consider introducing legislation that will restrict the nation's cabotage trade to domestically-flagged vessels. The move is ...
- Euro stocks plunge on 'Grexit' inertia
European shares tumbled again yesterday as EU leaders sat in Brussels still apparently unable to agree on a strategy to solve the eurozone debt crisis - with the ...
- FESCO rumoured to be sold
According to a rumour picked up by Reuters, Russia's Far Eastern Shipping Company (FESCO) is up for sale, and all but sold to the Summa Group for around USD1 billion. ...S
|MAY 24, 2012|
- A&P secures floatel jobs
UK ship repairer to convert two subsea construction vessels into pair of floating accommodation units.
- Total extends Pacific charter
Ofer family's offshore drilling company sees contract on deepwater unit extended by another year.
- Tanker demo age heads lower
Large crude carriers now being scrapped at an average of twenty-one-years, says research from Bimco.
- Deiulemar Compagnia appeals
Deiulemar Compagnia di Navigazione drafts "the King of bail-outs" to lead appeal against Italian bankruptcy ruling.
- GLNG branded 'buy'
Analyst urges clients to grab shares of Golar LNG Ltd as it prepares to hit the accelerator on FSRU dropdown and dividend.
- Idil limps toward Bahamas
Cause of Idil explosion still under investigation as containership heads to Freeport where MSC blast probe will resume.
- Berlian Laju on a roll
Struggling shiponwer reaches second tentative legal settlement in less than a week as KPI Bridge Oil ices $2.5m bunker beef.
- Curtain call feared at FRO
Frontline 2012's $578m fleet expansion coup may set the stage for the unwinding of its maker, Wells Fargo warns.
- Moody's downs NNA
Ratings firm trims grades amid unease about debt and delivery schedule attached to Greek tanker owner's latest MR2 order.
- SFI sweeps to Q1 profit hike
New York-listed shipowner surprises the street as it mulls separation of containership business.
- Frontline 2012 shows its hand
Drybulk, LNG and tanker expansion on the cards for John Fredriksen's latest firm as the addition of up to 24 newbuildings looms.
- HSH Nordbank on the up
German shipping bank makes 2% more profit in first quarter, but is warning of higher loan loss provisions this year.
- Tug refloated off Holland
Marineco vessel found itself high and dry at Ostend after anchor manouevre.
- Harry voices LNG hope
Stealthgas king-pin Harry Vafias says Nasdaq-listed owner has half an eye on the booming sector.
- Oceanteam earnings flat
Dutch offshore owner reports steady net profit despite a big hike in revenue.
- Ferry freed by crane
Who needs tugs when you can just lift a grounded vessel off the rocks?
- Ulstein profit takes a hit
Gunvor Ulstein-led yard sees per-tax figure dip but remains upbeat about its full-year numbers.
- Total fights Erika fine again
Last chance for oil major to overturn ruling on 1999 tanker sinking as appeals court hearing begins.
- Jefferies take a shine to STNG
Investment bank initiates coverage of New York-listed tanker owner with a buy tag.
- Minister convicted over SeaFrance jibe
France's Arnaud Montebourg fined token EUR 4 for calling directors of collapsed ferry line "crooks."
|MAY 24, 2012|
- U.S., Romanian business council formed
- U.S. Customs considers combining C-TPAT, ISA
- CBP trade centers help stop fake meds
Customs last fall established integration centers to centralize the entry summary process for certified shippers in the pharmaceutical/healthcare and consumer electronics/information technology industries.
- Fake UPS van fails to make human delivery
- APM Terminals makes bid to operate Port of Virginia
The terminal subsidiary of the A.P. Moller-Maersk group said Wednesday it has made an offer to operate the Virginia Port Authority's facilities in Hampton Roads as well as at inland locations.
- Jaxport, Army Corps sign on Mile Point project
The Jacksonville Port Authority and Army Corps of Engineers on Wednesday entered an agreement for the Mile Point project, which will improve the navigation on the St. Johns River for larger ships.
- K+N moving to bigger Atlanta facility
The new 211,000-square-foot office and logistics facility will be located in the Camp Creek Business Center, about three miles from Hartsfield-Jackson International Airport.
- Evergreen to assess Asia-Europe surcharge
- CTSA increases CAF rate
- Scottish port makes upgrades for renewables
|MAY 24, 2012|
- Mixed price movements in Rotterdam and Hamburg
Barges congested in Piraues.
- Sulphur limits are 'anti-business'
Move to formalise introduction of 0.10% sulphur cap reignites opposition from business leaders.
- IFO prices fall sharply in Fujairah
No IFO in Cape Town.
- Ban on heavy fuel oil hits passenger numbers
Visits to Antarctic waters at their lowest level for almost ten years.
- Low sulphur fuel: 'Issue of availability is increasingly pressing'
The 'enormity of the change' triggered by sulphur regulations should not be underestimated.
- Fuel oil stocks climb as bunker demand falls
Singapore onshore stocks set to rise further.
- Bunker prices generally soft in key Asian ports
Supplies of bunker fuels were 'mostly fine'.
- DNVPS expands quantity survey service to Jamaica, Trinidad & Tobago
DNVPS BQS service coverage extends to over 100 port locations, says Managing Director.
- Steel producer 'very concerned' over likely ECA costs
Bunker sulphur limits are 'not creating positive investment climate'.
- Lithuanian terminal considers LNG bunkering
'Liquefied gas bunkering is a priority area for EU support funding,'says energy company CEO.
- Credit has become a 'negotiable parameter'
Denmark-based marine fuel supplier tightens its credit evaluation in a bid to reduce non-payment risks.
- Dutch chartering firm orders fuel efficient support vessel
Fuel efficiency 'key factor' which led Sima Charters to order vessel, says owner.
- Chimbusco takes delivery of 3,600 dwt bunker tankers
Vessels will 'provide strong growth for developments of Chimbusco', says firm.