BaltEx's freight futures trading roll-out 'too slow' The Baltic Exchange's plan for a central trading screen for dry bulk freight derivatives is moving too slowly and concerns are growing that rivals may look to launch their own, freight futures users said.
SuMed pipeline can cover northbound flows: IEA In the event of political unrest in Egypt disrupting shipments through the Canal, the Suez-Mediterranean or SuMed crude pipeline has ample capacity to ensure continued northbound flows, the International Energy Agency (IEA) says.
Raben opens new Czech office The transport and logistics service provider Raben Logistics Czechia, the Czech subsidiary of the international Raben Group, opened a new office in Liberec, in northern Bohemia in ...
Honda extends contract with Bibby Distribution in UK The UK logistics company Bibby Distribution has extended its current two-wheel contract with Honda UK. Bibby Distribution has partnered Honda UK for five years, delivering motorcyc...
Blue Dart with higher profits The Indian CEP company Blue Dart Express posted a post-tax profit of INR 943.7 million (EUR 15.2 million) in 2010. This saw a jump from the post-tax profit of INR 607.1 million (EU...
Belavia changes Moscow landings Belavia Belarusian Airlines is adjusting its services on the Minsk-Moscow route with effect from today. It will continue to operate six daily flights to three Moscow airports, but ...
AF-KLM January cargo volumes grow in line with capacity Air France-KLM reports that its cargo traffic (894 million rtk) rose in line with capacity (1.389 billion atk) in January, improving by 3.4% and 3.3% respectively. The load factor ...
Safmarine improves Far East-Indian Subcontinent coverage The shipping line Safmarine has upgraded its Far East-Indian Subcontinent services by introducing a new direct link between Far East and main ports in western India and Pakistan. T...
Norfolk Southern facilitates billions in industrial investment along rail lines The Norfolk Southern Corporation participated in the location of 67 new industries and the expansion of 28 existing industries along its rail lines in 2010. New plants and expansio...
Trucking adds 3,200 Jobs in USA The US unemployment rate fell to 9% in January, the lowest in almost two years, the country's labour department has reported. A total of 1.1 million jobs were added in 2010, with t...
Israeli company proposes sniffer mice to detect explosives at airports The Israeli start-up enterprise BioExplorers uses mice to sniff out explosives at airport security checkpoints. The company, which is staffed by biologists and soldiers from the Is...
Hupac back on the growth track The transport volume of the intermodal operator Hupac grew by 13% last year, bringing it back close to the level attained in the record year of 2008. The company said that a total ...
Largest French maritime port loses ground Plenty of well-loaded freighters headed for French maritime ports in 2010, but repeated strikes prevented hubs from significantly increasing their throughput for the year. Marseill...
Suez Canal terminal improves container facilities In the eight years since it opened, the Suez Canal Container Terminal (SCCT) has grown to handle more than 2.7 million teu annually. Now the transhipment hub is set to complete pha...
PKP Cargo handles 120 million t in 2010 Poland's railfreight company PKP Cargo handled 119.4 million t of freight in 2010, 14% more than in 2009 (104.61 million t). PKP Cargo thus only carried 10.9% less goods than in 20...
Heavy transit trucks banned from Fernpass in Austria The B179 Fernpass road in Austria is now closed to heavy vehicles weighing more than 7.5 t. The road has recently been used by truckers as a transit route to link Germany and Italy...
Surge in LR1 activity pushes rates up Confidence lifted as Asian traders return from lunar new year holidays, but brokers question rally's strength
Traders warn Baltic to urgently resolve dry freight screen delays Industry-endorsed trading platform needed to keep'neutral heart of shipping's' influence
IEA increases 2011 crude demand forecast The International Energy Agency has raised its 2011 global crude oil demand forecast by 140,000 barrels per day
Rio Tinto to continue iron ore expansion after record results
Capesize rates rise for third day to bolster Baltic index The Baltic Dry Index rose 44 points to 1,136 yesterday, with the usually beleaguered capesizes seeing average time charter rates rising for the third straight day, going up by $871 to a daily rate of $6,379
Surge in cargo volumes propel VLCC spot rates Rates top $30,000 daily as new cargoes flood the market after lunar holiday break
Shell boss calls on navies to 'take down' pirate ships Governments should authorise military to take tougher action amid escalating violent attacks on seafarers
Beluga warns of 'widespread deficiencies' in piracy response Naval response to the Beluga Nomination hijacking led to the death of three crew, chief executive Niels Stolberg claims
Action against motherships must be last resort Nautilus urges caution over calls to attack pirate motherships
African oil exports buoy suezmax trades Record volumes of West African crude were exported in suezmaxes in 2010 and this oil was delivered further afield than in previous years
Genmar nets $18m from sale of two tankers To use proceeds to trim senior bank loan facility of $750m
NEL makes joint bid for Istanbul ferry company Forms investment consortium to bid for Istanbul Deniz Otobusleri
Big and small FLNG pioneers aim to make their dreams a reality Larger barge-like projects capable of producing up to 6m tonnes per year of LNG serving larger fields of 'stranded' gas
Persistence of the old order As in the past, marine insurers will look for solutions beyond the efforts of modern governments to deal with the age-old scourge of piracy
US accusations could reflect badly on Hong Kong Should China's outlying province be doing more to pacify the US in its sanctions against Iran?
Keeping up appearances Sanctions against Iran could be thwarted if China decides to put its own interests first
Shell sets sights on 2016 production at Prelude Field Anticipated annual production would be 3.6m tonnes per year of LNG, 0.4m tonnes of liquefied petroleum gas, and 1.3m tonnes of condensate
New US visa to benefit foreign shipping executives Move closes loophole that prevents foreign maritime workers from acquiring biometric ID cards
Regasification and floating liquefaction poised for growth Sector forecast to be worth $7bn by 2017 as Bureau Veritas issues new classification rules for projects around world
Mezeron axes Isle of Man daily freight service Dohle start-up ends Douglas-Liverpool route after failing to meet volume growth and profitability targets
CMA CGM bond move to reduce uncertainty over repayments With $5bn in secured and unsecured debt, French container line needs to keep its lenders happy
TAL posts record profits in 2010 Aggressive investment and rebound in leasing demand drive up 2010 profit to $103.4m
Decision time for emissions The debate in the shipping industry about how payments for greenhouse gas emissions should be raised is getting heated
Harrowing Hormuz Efforts by the international community should overcome the problem of pirate attacks on VLCCs in the Strait of Hormuz
Montreal in bid to boost box handling efficiency Signs productivity deal with terminal operators
New Century seeks $1bn Hong Kong listing Sources confirm IPO bid targeted for first half of 2011
GenMar asset sell-off continues PETER Georgiopoulos-chaired General Maritime today announced two more tanker sales to meet looming debt obligations
Cable to Cuba finished CABLE-laying ships have completed an undersea fibre-optic cable linking Cuba with Venezuela, IHS Global Insight reported today
Battle joined on US port truck bill US BOX liners are opposing a House green proposal that they say would divert imports and raise supply chain costs
Sparring heats up on US trade accords SHIPPING joined Republican congressmen today in pressing the Obama administration to gain approval for stalled trade accords with Panama and Colombia
USC said to seek loan RUSSIA'S government-run yard holding USC reportedly plans to seek 35Bn rubles ($1.2Bn) in state bank loans to finance a new yard
Floating storage nears nadir FLOATING storage sank again in January and is now nearing a two-year low, the IEA reported today
Keppel CEO buys shares KEPPEL'S CEO Choo Chiau Beng has exercised options to buy 230,000 shares at S$8
US LNG export terminal to close ALASKA'S Kenai LNG terminal, the sole LNG export facility in the US, will be mothballed as soon as next month, state officials have confirme
ABG revenues rise 10% RIDING on new orders, ABG Shipyard said its revenues rose 10% in its October-December quarter
Capesize rates rise DAILY rates for Capesizes continued to rocket today, rising 15.8% to $6,379 a day after an 8.9% rise yesterday
Navies accused of 'neglect' THE ECOTERRA piracy monitoring group has criticised naval forces over the hijacking of a VLCC close to where another vessel had been attacked a week earlier
Reefer outlook improves RATES for fruit shipments from the Southern Hemisphere are steady to firm today ' with good upside potential ' as the reefer peak season gets going
Korea vehicle rise good news for carriers VEHICLE production in South Korea increased 23.8% year on year in January, driven by rising domestic and export demand, IHS Global Insight reported today
Ferry workers end blockade STRIKING seafarers from French ferry operator SNCM have stopped blocking sea access to the city centre eastern docks of Marseilles
21-day Callao strike ends LIMA'S port of Callao reportedly said today it would take at least a week to clear backlogs, after workers signed an accord to end a 21-day strike.
Lawmaker Sees Tangled Credentialing Web Congress may tackle an overhaul of the tangled transportation security credentialing system. Mike Rogers, R-Ala., chairman of the House Transportation...
FRA Approves Alameda Corridor Loan The Federal Rail Administration approved an $83.7 million loan for the Alameda Corridor Transportation Authority that should delay until late...
Pacer International Returns to Profit in 2010 Intermodal provider Pacer International eked out a $900,000 net profit in 2010, compared with a $174.8 million loss in 2009....
Cochin Strike Ends Dockworkers called off their strike at India's Port of Cochin Feb. 9 after the Kerala High Court on Wednesday directed...
Jobless Claims Drop to Lowest Since July 2008 The number of people filing for state unemployment benefits dropped to a two-and-a-half-year low last week, the Labor Department said...
Italy Seeks Way to Dispose of Radioactive Container Italian authorities are looking for a way of disposing of a container containing radioactive material that has been sitting on...
French Dockworkers Suspend Strikes, Resume Talks French dockworkers Feb. 10 suspended a six-week-long campaign of strikes after port employers agreed to resume negotiations on union demands...
Bollore Eyes Guinea Investment The French holding group Bollore is looking to invest $150 million in a dry port in Guinea to ease shipment...
DP World Opens Inland Container Terminal in Pakistan DP World opened a new inland container terminal in ceremonies Thursday in Lahore, Pakistan's second largest city. DP World...
Lufthansa Cargo Boosts January Traffic 17.5 Percent Lufthansa Cargo boosted freight traffic 17.5 percent in January from a year ago. The German carrier said the increase,...
Air France-KLM Swings to $81.6 Million Cargo Profit Air France-KLM's cargo unit swung to an $81.6 million operating profit in the final three months of 2010 from a...
Kirby Buys Ship Fueling Operations Inland waterways operator Kirby Corp., using its strong financial position to expand its service reach, will buy the ship fueling...
Nadler reintroduces dray truck bill Congressman Jerrold Nadler, D-N.Y., has reintroduced a bill that would amend the Federal Motor Carrier Act to allow ports to enact and enforce clean truck programs and implement environmental regulations that are more stringent than federal requir...
Jaguar promotes Selter to VP strategy Freight forwarder Jaguar Freight Services has promoted Marc Selter to vice president of strategy and transformation. Selter was director of U.S. operations. He has more than 14 years of management experience in the logistics and supply chain indust...
Pacer reports 4th quarter loss Pacer International reported a fourth quarter net loss of $1.1 million, compared to a net profit of $9.3 million in the same 2009 period. Revenue was $373.3 million in the quarter ending Dec. 31, compared to $420.2 million in the fourth quarter of ...
CN plans $1.7 billion capital spend in 2011 Canadian National Railway said Wednesday it plans to invest $1.7 billion in 2011, including $1 billion on track infrastructure it said would maintain safe railway operations and improve its network's productivity and fluidity. Plans include replac...
Global Aviation opens Hong Kong, Germany offices Global Aviation Holdings, parent company of North American Airlines and World Airways, has opened sales offices in Hong Kong and in Leipzig, Germany, to better serve the company's international customers in Asia-Pacific and Europe. Todd R. Hildret...
Report: Fredriksen not persuing Hapag-Lloyd share Shipping magnate John Fredriksen has no plans to buy a slice of the German container line Hapag-Lloyd if it is put on the open market, his aide Tor Olav Troim toldBloombergthis week. Fredriksen Fredriksen owns roughly 15 percent in TUI AG, the Eur...
TSA pulls forwarders from screening program The U.S. Transportation Security Administration has kicked two freight forwarders out of a voluntary industry security program designed to reduce the expense of screening for cargo on passenger airplanes, a Department of Homeland Security official...
Mærsk sells more ships to MSC A P Møller-Mærsk has reportedly sold another three older container carriers to Mediterranean Shipping Company (MSC). The three vessels in question are Maersk Maine, Maersk Vermont and Maersk Marylund
Somali pirates released from Danish warship The Danish warship Esbern Snare has released six Somali men, who have been in custody onboard the vessel since December 30, 2010. The men were released as there was not
Crude oil tanker hijacked The Greek-owned and Greek-flagged crude oil tanker Irene, 319,247 DWT, has been hijacked some 350 nautical miles South East of the Omani capital Muscat, EU Navfor reports. The
Wärtsilä appoints new CEO Björn Rosengren has been appointed new President and CEO of Wärtsilä Corporation from September 1, 2011. The current President and CEO Ole Johansson will retire. Björn Rosengren has held several
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