|JANUARY 9, 2013|
- West Pearl box shops get boost with new Guangzhou-Zhuhai railway
- Global manufacturing index moves into positive territory by year's end
- CRIntermodal Qingdao railway offers trans-China service to Kazakhstan
- Lanzhou-Xinjiang Railway deploys more powerful, faster electric engines
- Kerry Logistics buys into Vietnam logistics firm, Tin Thanh Express
- Dover privatisation plan rejected - minister says other options exist
- Great Lakes water levels fall, coal demands drop, lighter loads ensue
- Three expressways in Hebei province open to traffic, convenient travel
- Container Corp of India to provide 3 Kalmar e-RTGs to Delhi box shop
- AirBridgeCargo receives third mega Boeing 747-8F in fleet renewal
- Cambodia's 38pc hike in air cargo shows country's rise up value chain
- Dragonair expands Vietnam network with Da Nang service March 28
- Aviation biofuels use explored at biomass meeting at Purdue University
- US Customs finds US$3.2 million in counterfeit Viagra at Miami airport
|JANUARY 8, 2013|
- Allcargo Logistics Chennai handles record 1,537 TEUs of LCL export consol boxes in 2012
- MOL chief expects firmer seaborne trade volume from emerging market countries in 2013
- MSDC meet discussed range of important issues: G. K. Vasan
- UN environmental rules to drive ship design changes, says DNV
- Basmati exports likely to surge
- India to export life-saving drugs to Iran
- Kandla Port to undertake CSR activities at Gandhidham & Vadinar
- Mumbai to Surat
|JANUARY 8, 2013|
- MOU signed for the Swazi rail link project
South Africa's Transnet Freight Rail (TFR) and Swaziland Railway (SR) have signed a memorandum of understanding for the Swaziland rail link project, which aims to be established by...
- Genesee & Wyoming receives approval to control RailAmerica railroads
Genesee & Wyoming (GWI), an entity that owns and operates short line and regional freight railroads in the USA, Canada, Australia, the Netherlands and Belgium, has received app...
- Most of Scotland's freight carried by road
Despite traffic levels falling in recent years, roads remain important in Scotland, reported Transport Scotland's Statisticians in its transport statistics 2012. Scotland has more ...
- Chep appoints vice-president automotive and industrial Europe
Chep, a provider of pallet, container and crate pooling services, named Luca Rossi as vice-president, Chep automotive and industrial solutions Europe, with effect from 7 January. R...
- Fuso Canter Eco Hybrid crowned Irish Green Commercial of the Year 2013
The all-new Canter Eco Hybrid from Fuso Trucks has been "crowned" Irish Green Commercial of the Year 2013. The award was adjudicated by four judges. They used the judging...
- Geodis Wilson changes COO
Geodis Wilson has appointed Eric Martin-Neuville as its new chief operating officer (COO) and freight board member with immediate effect. He is taking over responsibility from Fern...
- Cosco and China Merchants buy Kaohsiung terminal
China Merchants Holdings International (CMHI), Cosco Pacific and China Terminals have formed a joint venture company to buy 30% of the Kao Ming container terminal in Kaoshiung (Tai...
- New managing director for Deugro Projekt in Switzerland
Deugro Projekt (Schweiz) AG, Deugro's newly established subsidiary in Switzerland, is to be m...
- C.H. Robinson changes human resources and investor relations managers
C.H. Robinson Worldwide Inc has chosen Angie Freeman to be its human resources vice-president. Freeman, who has been with C.H. Robinson since 1998, will oversee the global human re...
- Finnair Cargo expanding freighter services
Finnair Cargo is set to initiate weekly MD-11 freighter flights via its new Brussels hub, connecting the Belgian capital with Finnair's Helsinki hub, as well as with New York JFK a...
- Third Boeing B747-8F for AirBridgeCargo Airlines
AirBridgeCargo Airlines (ABC), part of Volga-Dnepr Group and Russia's largest cargo airline, has taken delivery of its third Boeing B747-8 freighter from Boeing in Everett (USA). T...
- Berlin's new airport unlikely to open this year
The opening date the new airport in Germany's capital Berlin has apparently been postponed again. Two reliable sources of the news agency dpa reported that the planned deadline on ...
- Gruber Logistics opening new branch office in Verona
Gruber Logistics, an Italian transport and logistics firm based in Ora, near Bolzano (South Tyrol), is opening a new branch office - its second base - in Verona this month. The fac...
- One Express puts hub into service in Milan
The Italian pallet distribution service provider One Express phased in a new hub in Inverunon, near Milan, yesterday (7 January). The new facility is operated by Sogedim Srl, a One...
- Kerry Logistics establishes new joint venture in Vietnam
The Hong Kong-based global logistics service provider Kerry Logistics has further expanded its network in Vietnam by securing a majority stake in Tin Thanh Express (TTC Express), a...
|JANUARY 8, 2013|
- Huntington Ingalls reports NNS VP promotion
- GasLog makes leadership changes
- Rolls-Royce COSCO OSV package includes MTU gensets
- Boskalis in all-cash deal for Dockwise
- Mississippi shutdown fears eased, for now
- Ingram Barge promotes Robert Barker
- Kulluk anchored in safe harbor after tow
- Rolls-Royce wins COSCO OSV order
|JANUARY 8, 2013|
- Greenbrier announces orders for over 4,200 in new rail units
- Port of Tacoma calls for Summit Award nominations
- Coast Guard investigating vessel allision with Bay Bridge
- Schnitzer Steel reports first quarter 2013 numbers
- Trucking group sees gains in highway safety measures
|JANUARY 8, 2013|
- Joining the dots
Without coherent state backing, Taiwan falls far short of its maritime potential
- TT Club unveils safety guidelines for box terminals
Equipment misuse accounts for half the injury claims from container yards
- Case highlights perils of extending new ship delivery times
Extending delivery time for a shipbuilding contracts: a cautionary tale
- Taiwan bulker owners seek counter-cyclical expansion
Wisdom Marine, U-Ming and other listed firms are in the market for new tonnage
- Evergreen and Yang Ming defy downturn to bring in giant boxships
Taiwan liner firms seize opportunity from adversity
- Blue-chip investors back merger of Epic and Pantheon
Singapore-based LPG tie-up fixes equity capital to create a 22-ship fleet
- Wogan named GasLog chief executive as Livanos steps down
Management reshuffle also sees Intertanko's Westgarth join LNG owner
- UK supports armed guard standard
New year brings fresh progress in the drive to regulate private maritime security firms
- Norwegian Cruise Line targets $370m net proceeds from IPO
Historic brand set to return to the listed sector after flotation plan is finally activated
- New World order
It's a buyer's market as shipyards ponder which way to jump
- P&O Ferries and Transfennica join forces at Zeebrugge
Ro-ro firms offer sailings between Spain and the UK
- Lauritzen Foundation chairman backs Janholt in spending spat
Debate continues over Danish group's ordering, debt and strategic direction
- Hyundai Samho wins order for four VLCCs
Deal features two new entrants into tanker sector
- Fraught reinsurance renewals signal premium hikes for shipowners
Costa Concordia and Hurricane Sandy push premiums up by at least 25%
- China faces a long march to become a top ship financier
Lenders have few incentives to enter recession-prone industry and lack experience
- Idled box fleet will expand after China new year rush
Cargo prospects improve after Asia-Europe capacity cutbacks
- Klaipeda wins European loan for box upgrade
Lithuania port positions itself as a regional transhipment hub
- China Merchants Energy Shipping 2012 net profit falls 47%
Anaemic rates in tanker and dry bulk sectors hit Shanghai-listed shipowner
- South Korean vessel exports slump for first time since 2000
The world's top ship exporter may have ceded its crown to China
- Back to the future
We believe the bankers who complain of few takers for retrofitting loans
- OSG says debtor-in-possession package involves its own cash
'Intercompany financing' claimed to back November 2012 self-sufficiency statement
- Coscon handles record annual shipments
Chinese state giant boosted by fleet expansion
|JANUARY 8, 2013|
- HHI wins four VLCCs
HYUNDAI HI told Fairplay today its subsidiary Hyundai Samho HI has won a four-VLCC order from compatriot ship fund manager Kukje Maritime Investment Corp
- Kulluck towed to safety
KULLUK, the Shell drilling barge that ran aground last week, has been towed to safety in Kiliuda Bay, Kodiak Island, IHS World Markets Energy reported today
- US to investigate SF Bay Bridge collision
THE NATIONAL Transportation Safety Board disclosed today it will investigate yesterday's casualty in which an OSG-owned tanker struck a pier of the San Francisco Bay Bridge
- Snowstorm shuts Bosporus
A FREAK snowstorm today closed the Bosporus because of sharply reduced visibility, the GAC shipping agent said
- EC to raise funding for Swinoujscie LNG terminal
POLAND'S planned LNG regasification terminal at Swinoujscie is to receive more money from the EC, IHS World Markets Energy reported today
- COSCON tops 10M teu for the first time
COSCO Container Lines said it carried 10.5M teu last year, from 6.9M teu in 2011, a rise of 15%
- Austal relies on wider security vessel sales
AUSTRALIA'S shipbuilder Austal said it is pinning its fortunes on expanding defence sales of its new Cape-class patrol boats in Asia and the Middle East
- NOL's shares booming early
NOL SHARES have moved up 7% since the start of the year, in a rise linked with the Chinese economy
- Much scrapping planned by Chinese groups
ABOUT 70% of Chinese shipping groups plan to break up at least one vessel this year to cut capacity and losses, a survey has shown
- Panamax oversupply negates gains in coal rates
AN OVERSUPPLY of Panamax bulkers has capped any gains in coal freight rates, despite high demand in China amid colder temperatures
- Korean ship exports show first drop in 13 years
SOUTH Korean ship exports have shown a year on year drop in values for the first time since 1999
- Casualties rose in 2012
THE NUMBER of serious maritime casualties rose last year but remained below the long-term annual average, according to a survey
- Asian LNG buyers stocked up for winter
JAPAN and South Korea, the world's two biggest LNG importers, were well stocked amid tight supply and winter demand in December, according to IHS CERA
|JANUARY 8, 2013|
- CaroTrans Launches Innovative Door to Port Rate Application
CLARK, N.J. - CaroTrans, a leading global NVOCC (non vessel operating common carrier) and ocean freight consolidator, today announces an innovative Door to Port rate application which calculates a combined transportation cost for LTL (less than truckload) and LCL (less than container load) shipments for specific origin-destination routes. Users receive...
- Global Maritime Transportation Services Unveils Real Time Industry Indices
SHELBURNE, Vt. - In a development that is expected to transform the ocean transport industry, Global Maritime Transportation Services (GMTS) today unveiled BOTE Charts. The patent-pending software, one of a new suite of GMTS software modules, is a live, 24/7 information feed offering the ability to index by trade, port...
- Phillips 66, Global Partners Sign Transportation Contract for Bakken Crude
Global Partners, a Waltham petroleum products company has signed a five-year contract with Phillips 66, a Houston-based energy company, whereby Global will use its rail network's loading facilities and offloading terminals to deliver crude oil from the Bakken region in North Dakota to the Phillips 66 Bayway refinery in New...
- 2013 Regulatory Updates Focus of NAMEPA's Houston Event
Clay Maitland, founding chairman of the North American Marine Environment Protection Association. HOUSTON - Clay Maitland, Founding Chairman of the North American Marine Environment Protection Association (NAMEPA), announced NAMEPA's Environmental Intelligence in Maritime Seminar focusing on 2013 Regulatory Updates for shipping and offshore. The seminar is designed to bring forward updates...
- Apex Maritime Expands by Opening up Office in Houston, Texas
HOUSTON - Apex Maritime Co. has opened up a stand-alone office in Houston, Texas to improve the coverage of the US Gulf region. Office details below: Apex Maritime Co. (Hou) Inc. 9610 Long Point Rd., Suite# 320 Houston, TX 77055 Tel: (1) 832 649-8198 Fax: (1) 832 649-8194 Contact person: Andy Pan...
- Data2Logistics Presents Freight Rate Optimizing Strategy at the Supply Chain and Logistics Summit
FORT MYERS, Fla. - Global supply chain information and technology company Data2Logistics announces presentation by the organization's Leif Holm-Andersen, Executive Director of Professional Services of the industry seminar, Transportation and Logistics: Optimizing Freight Rates, at the 10th Annual Supply Chain and Logistics Summit North America at the Hyatt Regency Dallas....
- Landstar Successfully Concludes Decade-Long Litigation With OOIDA
JACKSONVILLE, Fla. - Landstar System, Inc., a non-asset based provider of integrated supply chain solutions delivering safe, specialized transportation and logistics services, today announced the end of its decade-long litigation with the Owner-Operator Independent Drivers Association, Inc. ("OOIDA"). At issue in the case was Landstar's compliance with federal regulations that govern...
- Multinational Logistics Company, Lilly & Associates International, Moves Into New Miami Headquarters Location
DORAL, Fla. -Lilly & Associates International, a multinational transportation and logistics services company headquartered in south Florida, has moved into their new 8,000 square foot headquarter location in Doral, Florida. The company specializes in ocean shipping, domestic trucking, customs brokerage and air freight. "As many logistics and transportation companies struggle to...
- Remy Introduces a New Starter and Alternator Product Line for Refrigeration Trailer Units
PENDLETON, Ind. - Remy International, Inc. (NASDAQ: REMY), manufacturer and distributor of Delco Remy brand heavy duty starters and alternators, announces the expansion of its heavy duty aftermarket alternator and starter line with the launch of the new Remy Refrigeration Program. The program extends the company's product line and expertise to include transport...
- Spot Intermodal Rates Flat for Week
Spot U.S. intermodal rates were broadly flat this week, avoiding the downward direction seen on several major lanes in recent week, according to rate data compiled by IDS. An average of rates on west-to-east lanes was flat versus last week at $2,505 for an all-in, door-to-door 53-foot intermodal move. That rate...
- Va. Gov. McDonnell Wants to End Gas Tax
Virginia Gov. Bob McDonnell on Tuesday unveiled a plan to spend more than $3.1 billion on transportation funding over the next five years by raising the state's sales tax and abolishing the state gas tax. If McDonnell gets his way, Virginia will the first state to eliminate the state gasoline tax....
- Maersk Line Hikes New Zealand-Australia Rates
Maersk Line will implement a general rate increase on its New Zealand to Australia trade lane, effective Feb. 1, 2013. Rates will go up by $100 per 20-foot container and $200 per 40-foot/45-foot/40-foot high cube/45-foot high cube dry container. Separately, the carrier also reminded customers that a booking cancellation fee will be...
- Maersk Line Cancels Three China Calls for New Year
Maersk Line has canceled three vessel calls to Ningbo, China, from Europe because of anticipated reduced demand during the upcoming New Year celebration. Vessels scheduled to arrive at Ningbo on Feb. 10, Feb. 17 and Feb. 20 have been canceled. The ocean carrier said it will shift volumes to other services in...
- BNSF Logistics Acquires Albacor Shipping
Third-party logistics provider BNSF Logistics has acquired Albacor Shipping, a Toronto-based global project and general cargo provider with locations across North America, Europe and Russia. "Project cargo is a highly fragmented market that is dominated by foreign nationals," said Ray Greer, BNSF Logistics president, in a written statement. "This acquisition expands...
- Yantian International Container Terminals Handles 100 Millionth TEU
Yantian International Container Terminals today handled its 100 millionth 20-foot-equivalent unit, a record achieved in less than 19 years. A celebration ceremony was held today to mark the achievement. About 200 guests were in attendance, including representatives from various departments of the Shenzhen municipality, the Yantian district government, various port authorities,...
- IAG Cargo Plans London-Chengdu Service
IAG Cargo, created from the merger of British Airways World Cargo and Iberia Cargo, will launch a cargo service between London Heathrow and Chengdu in southwest China, effective Sept. 22. The Boeing 777 service will depart Heathrow on Tuesdays, Thursdays and Sundays at 3:30 p.m., arriving in Chengdu at 8:55 the...
- Ingram Barge Co. Promotes Barker to Senior VP, CIO
Robert Barker, Ingram Barge Co.'s new senior vice president and CIO. Ingram Barge Co., a subsidiary of Ingram Industries based in Nashville, Tenn., has promoted Robert Barker to senior vice president and CIO. Barker reports Craig E. Philip, CEO of Ingram Barge. He has been managing operations, budgets and varied technological projects of...
- Montreal Longshoremen to Vote on Contract
Dockworkers at the Port of Montreal will vote later this month on an agreement with the port's Maritime Employers Association on a six-year contract. No date has been set for the vote by Local 375 of the Canadian Union of Public Employees. About 1,000 union members have been working under an...
- Greenbrier Receives Orders for $430 Million Worth of Railcars
Lake Osewgo, Ore.-based railroad equipment supplier The Greenbrier Companies has received orders for 4,200 railcar units, valued at more than $430 million, from North American and European markets since the start of its current fiscal year, which began on Sept. 1, 2012. North American shale energy markets generated orders for 1,250...
|JANUARY 8, 2013|
- Asia-Europe spot rates rise, anticipating fresh GRI
The SCFI's Asia-Europe spot rate, published last Friday, was up more than 4% on the previous week, ahead of a mid-January GRI by a number of carriers and taking ...
- GT Nexus and TradeCard to merge
Cloud-based technology giants GT Nexus and TradeCard have announced they are to merge. The two firms provide and operate business collaboration networks that major ...
- US jobless rate steady, but spending cuts threaten
The number of Americans without jobs held steady in December at 12.2 million or 7.8%, however latest data from the US service sector suggested a sharp rise in activity.The ...
- Idled box fleet to grow again after CNY rush
The number of mothballed container ships looks set to spike after the mini cargo surge ahead of the Chinese new year holidays which begin on February 10. However, ...
- SeaIntel launches Africa box website
Africa's top 50 container ports and logistics infrastructure are being monitored for status updates by a new website. SeaIntel Maritime Analysis says that its information-sharing ...
- Asia-Europe box volumes down 6% in November
Container volumes continued to decline in the Asia-Europe trades during November, with shipments to western Mediterranean and North African ports particularly hard-hit.Latest ...
|JANUARY 8, 2013|
- QGOG lines up IPO
A leading Brazilian offshore contractor is closing in on an initial public offering on the New York Stock Exchange.
- Share rally short lived
Dry-bulk stocks surged last week on the back of reports that John Fredriksen is lining up a series of newbuilding orders but the rebound is unlikely to continue, according to an analyst at Wells Fargo Securities.
- Globus CFO resigns
Elias Deftereos has stepped down as the chief financial officer (CFO) of Globus Maritime.
- Economou under fire
A legal battle between BP and Greek shipping mogul George Economou has erupted in the Southern District of New York.
- Tupras keeps calling
Turkish refiner and tanker charterer Tupras is to take advantage of a US sanctions waiver to buy more crude from Iran.
- Livanos steps down
Peter G. Livanos is vacating the hot seat at GasLog just a year after taking the LNG shipowner public in New York.
- Pirates busted
Six pirates have been busted by navy commandoes after a failed attack off Somalia.
- Finland wants French probe
Finland is pressing the European Commission to investigate French state support for shipyards after STX Europe's Turku plant lost a big cruiseship order.
- Boskalis seals Dockwise cash
Royal Boskalis Westminster has wrapped up a huge finance package for its planned acquisition of Dutch heavylift company Dockwise.
- Sealink chasing yard cash
Malaysian owner Sealink International is going to arbitration to recover losses arising from a failed order for two tankers.
- SSC hits four
Singapore Shipping Corp has splashed out SGD 15m ($12m) to pick up a host of shore-based assets from compatriot MYP.
- Boxship hits reef
Maldives authorities are assessing the damage to a reef near Male after a German boxship went aground on Monday night.
- Coscon hits record high
Chinese state giant Cosco has moved a record amount of container cargo in 2012.
- Global Hunter tracks fall
Sparse financing and weak rates could haul second-hand tanker asset values down by a further tenth in 2013, according to Global Hunter Securities.
- NOL in demand
Neptune Orient Lines (NOL) is on the road to recovery if recent share price hikes are anything to go by, a Singapore-based analyst has said.
- Hope for Naveiro crews
Seafarers on a Portuguese cargoship stuck in France over unpaid bills says they are hopeful that their ordeal could soon end.
- Ship orders plunge
Shipowners responded to the ongoing shipping slump in 2012 by ordering 600 fewer new vessels.
- Losses climb in 2012
Ship losses climbed by more than one tenth last year with a large rise seen in Asian waters, Allianz Global says.
- Drunk captain jailed
The Russian master of a reefer spotted navigating erratically has been jailed for a month for drinking.
- Marco's IPO a hit
Marco Polo Marine has launched the IPO of its Indonesia subsidiary on the Jakarta Stock Exchange.
- GasLog rolls options over
GasLog has wound the clock forward on two optional LNG carrier newbuildings at Samsung Heavy Industries.
- Coal won't light fire
An anticipated rush of newbuildings this month is set to take the heat out of any panamax market gain spurred by rising Chinese thermal coal demand, according to Commodore Research.
- Gone in minutes
A Hong Kong inquiry into a fatal ferry collision has been told of the deadly speed of the sinking of the Lamma IV.
- Daoda wins semi-sub
China's Daoda Marine Heavy Industry has won a deal to build a semi-submersible barge for a domestic owner.
- Kukje linked to VLCCs
A Korean shipping fund is said to be behind an order for four VLCCs at Hyundai Samho.
- NCL plans IPO
Miami-based Norwegian Cruise Line is readying itself for a listing on the New York Stock Exchange later this year
- MSC offloads Melody
Naples-based MSC Crociere has sold its 35,000-gt cruiseship Melody (built 1982).
- Kulluk pulled free
Dutch salvager Smit has managed to pull Shell's grounded rig Kulluk off the beach at Alaska's Sitkalidak Island.
- OSG tanker hits bridge
Overseas Shipholding Group's 69,600-dwt tanker Overseas Reymar (built 2004) struck San Francisco's Bay Bridge yesterday.
|JANUARY 8, 2013|
- Commentary: Air cargo shippers move off spot market in downturn
Some companies imply they are moving away from the spot market altogether, using contracts as a baseline instead of a reaction to a down market. These shippers would only play the spot market for emergency shipments.
- Mississippi navigation work 'better than expected'
The U.S. Army Corps of Engineers said last week it continues to project river stages will sustain the authorized nine-foot deep commercial navigation channel between St. Louis and Cairo, Ill., offering some relief to barge operators.
- Bill seeks to place cargo pilots under FAA flight duty rule
- FBI's Website for Canadian shipping fraud
- CORRECTION: Air Force's 12-carrier contract valued at $694 million
- BNSF Logistics buys Canadian project-cargo specialist
The third-party logistics provider also plans to announce next week the acquisition of EP-Team, an air cargo company that specializes in expedited project cargo using Russian Antonov and other aircraft capable of handling oversize loads.
- Globe Maritime releases ocean rating module
- CaroTrans releases LTL/LCL door-to-port rate tool
- Human error main cause of ship accidents
The insurance company Allianz said 106 ships were lost worldwide in the 12-month period ending Nov. 25 2012, up from 91 ships the previous year but a 27 percent decrease on the 10-year average of 146 ships per annum.
- APL increasing transatlantic rates
- GT Nexus to merge with TradeCard
- Alphaliner: Transpacific lane absorbed most capacity in 2012
- CSX facilitates new sites on network
- FedEx transports priceless artifacts
|JANUARY 8, 2013|
- Missing barrels land shipowner in court
Dispute is over the partial delivery of a fuel cargo.
- Prices steady in Fujairah
Elsewhere gains remained in single digits.
- Prices set firm trend across Europe
Higher crude values push up prices.
- Orders for newbuilds slumped in 2012
Last year saw half the number of orders placed in comparison to 2010.
- Korean shipbuilders see first fall in a decade
Tough shipping market puts dent in vessel orders.
- Technical services company sees orders rise in 2012
Growth fuelled by acquisitions.
- LSFO supply in Japan continues to grow
Trading house has begun selling LS product in Kokura port in western Japan.
- World's largest container ship calls at UAE ports
'We stand ready to serve these giants,' says port operator.
- Bunker prices rise across Asia
MGO supplies slightly tight in Hong Kong, traders say.
- Mumbai bunker volumes down 30% in December
Drop attributed to the absence of one major supplier at the port last month.
- WR Systems clinches over $1 million worth of contracts
Team behind Emsys has grown extensively since its launch.
- Hong Kong maintains bunker sales in December
Local players expect sales to improve in January ahead of the Chinese New Year holidays.
- Chimbusco, Sinopec Zhoushan improve bunker sales in 2012
Privately-owned Brightoil said to have posted lower bonded bunker sales during the year.
- Grounded rig update: Kulluk on the move
Fresh monitoring of fuel tanks on the Kulluk since rig was refloated matches earlier data, indicating no changes that could be a sign of a leak or damage.