France's Le Havre sets its sights on transshipment AFTER two years of regulation upheaval and jousting with labour unions, the port of Le Havre - France's largest container port - is ready to tackle the transshipment market.
Shipping industry faces financing squeeze The shipping industry will face tougher financing conditions in the next 24 months as banks tighten credit lines with more asset sales and ship seizures expected, industry bankers said.
Tanker sector fears for future over earnings rout There is growing concern that if oil tanker earnings remain at levels below operating costs it will threaten the sustainability of the industry, officials with industry association Intertanko said.
Hybrid truck undergoes On-road testing MAN Truck & Bus is currently putting its new hybrid truck to the test. In cooperation with wholesaler Arndt & Co, two MAN distribution trucks are being tested at the Munich...
USD 370.3 million towards Gabun's roads Die African Development Bank (AfDB) has granted a loan of USD 370.3 million for the refurbishment of roads in Gabun. The money will be invested in the Mouila-Ndendé and Ndendé-Tchi...
PCC Intermodal opens container terminal in central Poland PCC Intermodal, the Polish intermodal transport company, has opened the first contemporary logistics and throughput centre in central Poland, the container terminal in Kutno. The t...
More staff for DHBW Lörrach logistics course Due to the growth of the freight forwarding, transport and logistics business course at the Dual College of Baden-Württemberg in Lörrach, professor Frank O. Bayer has appointed an ...
Ceva signs three-year contract with Miele in South Africa Logistics and SCM specialist Ceva Logistics has signed a three-year contract with Miele, a global premium brand manufacturing domestic appliances and commercial machines for laundr...
SBS Worldwide signs new supply chain deal with Gopsons in India Logistics company SBS Worldwide has signed a new partnership with Gopsons, one of India's largest integrated print houses, which is designed to deliver more effective and comprehen...
Freja Transport & Logistics earns AEO status Danish transport and logistics company Freja has earned AEO (Authorised Economic Operator) status. AEO is an ISO certification: the company's processes and process descriptions a...
More XXL container ships in Hamburg port In a quick survey recently published by UniCredit of the world's key container shipping companies, the port of Hamburg continues to be one of the most important ports in Northern E...
APL tests supply chain security with help of FBI and others APL and law-enforcement officials, including the FBI, most recently successfully tested anti-terrorism capabilities at the shipping line's Seattle, Washington, marine terminal. It...
CMA CGM has no short term plans CMA CGM Group recently stated "that it has no short-term plans to either purchase or long-term charter-in any vessels. The group has a modern fleet of 408 ships, of which 92 a...
Tobias Schmidt takes new role at DSV Air & Sea As of 1 October, Tobias Schmidt became regional director Central Europe DSV Air & Sea. He is now responsible for the airfreight and seafreight activities of DSV in Germany, Fra...
Funds granted for further section of LAV Madrid - Galicia Spain's Ministerio de Fomento has granted Comsa und Anchelergues y Asociados EUR 51.5 million for the construction of a further section of the LAV Madrid-Galicia. The Canda - Vilav...
ANAMA announces Quality Awards Italy 2010 Last Tuesday more than 250 people attended at Milan's Palazzo Mezzanotte, the picturesque location of the Italian Stock Exchange, the Quality Award Italy 2010 ceremony, the traditi...
IATA disappointed with CJEU ruling The International Air Transport Association (IATA) expressed its disappointment in the opinion of the Advocate General of the Court of Justice of the European Union (CJEU) which di...
Air cargo liberalisation opens up new economy highways in the sky Removing a bilateral system that is 'stuck in the past' and creating a liberalised air cargo industry will create 'new economy highways in the sky' and provide countries with quick...
Calculating the chances of a shipping industry slump History shows that freight rates drop sharply when the differential between growth volumes and vessel capacity drop by more than 5%
What lessons will we learn from the Nordlys fire? The ISM code has to remain a relevant and understood rule
Grimaldi invests for the future Newbuildings will be offset by scrapping of older tonnage
Grimaldi's vital fixture The annual From Land to Sea convention has become an established forum for debate and networking
Customs resist intra-European shipping project Bid to reduce red tape to make maritime transport as efficient as road haulage
Italy catches up with logistics Ecobonus scheme wins praise and may be copied by Brussels
Milford Haven trials 3D VTS system Increased situation awareness could help in accident prevention and incident analysis
Open sourc software to aid e-navigation development Holistic concept being pushed by maritime bodies aims to improve safety
EEDI targets for tankers and bulk carriers will be easy to achieve Shift from economic drivers to fundamental design criteria will support design innovation
Owners realistic over VLGC rates spike Very large gas carriers hit fresh highs as Middle Eastern cargoes enter market
Naval support for anti-piracy fight set to decrease Austerity policies and other commitments will see vessels removed from region
Owners call for co-ordinated approach to piracy Europe's various agencies are too fragmented, says ECSA
UK harbour masters 'implore' shipping minister to reinstate ETV HMA says removal of provision unacceptable risk to seafarers, amid rumour of Scots U-turn
Maersk tops container line schedule reliability list with 82% SeaIntel places Danish carrier first followed by Hamburg Süd and MOL
Aframaxes face rocky road ahead as demand flattens while earnings stagnate Shorthaul specialists will not benefit from rising world oil demand
Insolvencies of KG ships increase due to weak bulker market Five vessels financed by GHF to be placed in rescue company until market improves
Malaysia to allow international ship arrests in its ports Amendment allows new area for shipping industry to seek arbitration
No repeat of 2009 This time, container shipping's boardroom thinking may be a little different
SCI cancels three boxships from Cochin Shipyards over pricing Move is first sign that state-owned Indian line is slowing acquisition scheme
Box lines heading for 2011 losses despite 7% trade growth Lines only have themselves to blame, says Drewry
Secondhand VLCC values plummet to near scrap levels Twelve-year-old very large crude carrier sold for $28m, with its scrap value at $22m
No place to party Trinity Gardens, London's memorial to 35,000 merchant seafarers who lost their lives, has been hired as a drinking venue
Bangladesh sets up scrap monitoring team Recycling rates volatile across all four major markets
Patrick chief Paul Garaty resigns 'Mutually-agreed separation' announced but no reasons given for departure
Mercator to buy two dredgers to add to fleet of five India's planned ports expansion to give many opportunities for dredging, says company
Salvors race worsening weather to pump fuel from stranded Rena Removing 1,700 tonnes of fuel oil is priority for owners and salvors
AMOU cancels Melbourne strike Traffic officers unprotected by union laws after 83% of workers vote for agreement
Chinese seafarers murdered on the Mekong River Twelve killings appear to be related to drugs found on ships
The monsoon is over and piracy is back worse than before Attacks are set to be more frequent, more violent and will target a wider range of assets
Sixth worker dies in Keppel accident Three others in intensive care after stern ramp fell on scaffolding at Subic facility
Hardball breakers on top TANKERS are faring better than bulkers in the scrap market, with end-buyers playing hardball on demolition candidates
NZ races weather in grounding WEATHER is today complicating the fight to contain a spill and pump fuel oil out of a box ship grounded near Astrolabe reef in New Zealand
Maersk sets up US wind venture MAERSK Line has set up a venture with a US partner to speed development of North American offshore power generation
SCI plans Indonesian JV despite warning SCI SAID today it plans a drybulk joint venture in Indonesia - even though just last week Delhi directed the government-owned group to brake such initiatives
Captain lost off Norway A MISSING captain of a sunken Norwegian coastal vessel was assumed dead today
SCF chairman replaced SERGEI Naryshkin, the Kremlin chief of staff, been replaced as chairman of Sovcomflot, the government-owned tanker operator
Rosneft makes a POINT RUSSIA'S government-owned oil company Rosneft has sharpened its focus in Asian by picking a Singapore group as its fuel oil broker
Reefer ship sales reported RUSSIA'S Murmantransflot has reportedly sold six reefer ships for $4M each to Greek buyers
Gap narrows on Aframax resale and scrap SHORT supply of 1990s-built Aframaxes is resulting in a tight gap between resale and scrap values for such vessels, a broking report indicated today
VLCCs docked in bargain basement BROKERS are still recovering today from last week's shock sale by Japan's Meiji Shipping of its 1999-built VLCC Takase for $28M
Inquiry begins as Subic toll rises REPAIR work on a car carrier at Keppel's Subic yard remained frozen today, as the death toll from last week's fatal accident rose to six over the weekend
KPM's net income rises KEPPEL Philippines Marine has posted a 23% increase in 2010 net income, to 831M pesos ($19.32M), from 676M pesos in 2009
Judge Says Labor Arbitrator Needed in EGT Dispute The judge handling the volatile jurisdictional dispute at a grain terminal in Washington provided little clarification of the situation by...
YRC Worldwide Plans Reverse Stock Split YRC Worldwide is moving toward a reverse stock split to boost the per share value of its common stock and...
Japan's Nagoya Container Traffic Up 4.9 Percent International container traffic during the first six months of 2011 at the Port of Nagoya rose 4.9 percent year-over-year, as...
Quality Distribution Expands Tanker Business Bulk chemical hauler Quality Distribution paid $8.5 million for Greensville Transport of Virginia, expanding its intermodal tank container business. ...
DOT Pays Out $7 Billion in 2011 Stimulus Funds The transportation piece of the Obama administration's 2009 stimulus program has paid out more than $7 billion in the first...
Ferrovial Trims BAA Stake Below 50 Percent Ferrovial cut its stake in BAA to below 50 percent, in a deal valuing the operator of London Heathrow, Europe's...
Air France-KLM Cargo Traffic Falls 3.4 Percent Air France-KLM's cargo traffic in September dipped 3.4 percent year-over-year as a steep decline on the Asia-Pacific network outweighed a...
Qatar Airways Adds North America Freighter Services Qatar Airways is launching scheduled freighter services to Atlanta, Houston and Toronto, the latest expansion in the Gulf Arab carrier's...
Philippines Airlines Resumes Cargo Operations Philippines Airlines' cargo business resumed last weekend after one of the country's largest cargo carriers completed the outsourcing of its...
Drewry Says Container Lines Face More Losses Excess capacity and insistence on chasing unprofitable market share will cause many container ship lines to lose money this year...
Myanmar Port to Open Up North East India Trade A $120 million port and multimodal transport project in Myanmar will open up international trade with India's isolated North East...
India Port Privatization Plan Suffers Setback India's port privatization program suffered a serious setback when all major shortlisted bidders pulled out of a tender to build...
Recession, Round Two? While economists and observers of trade flows have been debating contradictory data on the direction of the U.S. economy for...
Recalling a Recall Before the Food Safety and Modernization Act was signed into law at the beginning of the year, the Food and...
US, China Play Chicken The Obama administration in late September filed an unfair trade complaint with the World Trade Organization against China's anti-dumping and...
Rx for US Pharma Trade During the latest round of negotiations for the proposed Trans-Pacific Partnership in Chicago last month, U.S. officials unveiled a white...
Savannah Expands Reefer Capacity The Georgia Ports Authority approved a $4.75 million project that will expand the Port of Savannah's capacity for refrigerated container...
USDA Markets in Vietnam The U.S. Department of Agriculture in September held its first agricultural trade mission to Vietnam in Hanoi and Ho Chi...
Dublin to Get Cool Center The Dublin Airport Authority signed a deal with U.S.-based Lynxs Group to establish a major air freight hub at Ireland's...
Pork Exports Surge Exports of U.S. pork totaled 169,547 metric tons, valued at $480.1 million in July, an increase of 16 percent in...
US Beef Exports Head for Record Exports of U.S. beef in July set a new value record of $513.1 million on volume of 120,424 metric tons....
Apollo Expands LAX Capacity Apollo Freight, a specialist in perishables logistics, has begun construction on a 16,000-square-foot refrigerated center adjacent to Los Angeles International...
Meat Exports Guidelines Published The U.S. Meat Export Federation has published guidelines for managing and expediting the export of red meat products to Mexico....
Damco Expands Sun America Operation Damco, the freight forwarding arm of A.P. Moller-Maersk Group, finalized a deal with Sun America Imports, a U.S.-based import wholesaler...
Weber Wins Sweet Deal Weber Logistics has a new contract with German candy maker Storck to distribute more than a million cases of such...
Maersk Adds Ecuador Service Maersk Line has a new direct weekly service from Latin America to the Black Sea. Called Ecumed, the service links...
CSAV Seeks Partner Liner carrier CSAV says its board of directors will inject $1.2 billion into the company, and split the liner shipping...
Import Fee Factor Some in the perishables industry already are talking about lawsuits as the Food and Drug Administration rolls out new fees...
Warehouse Growth Thaws The refrigerated warehouse industry, like the rest of the cold chain, came through the recession without the dramatic drops in...
OWL Goes Twice as Cold Worldwide refrigerated trade is expected to grow at an unexciting but steady 3 percent annually for the next few years,...
Pursuing Perishables After a brief, recession-driven pause in growth in 2009, global perishable refrigerated trade expanded 3 percent in 2010, and is...
Dangerous Liaisons Q: We're a third-party distribution center operator, and often provide cross-dock services to our customers ' giving them a facility...
No Joking Matter There's an old joke, if you think economics can be funny, that goes, "Economics is the only field in which...
YRC Worldwide: Rogers Moves Up YRC Worldwide hopes to emulate the recent success of its regional carrier Holland on a broader scale by naming Jeff...
FedEx Freight: Merging to Profit FedEx Freight, the largest U.S. less-than-truckload carrier, increased revenue 6 percent in the last quarter to $1.33 billion...
Con-Way 'Recovering Margin' In some ways, Con-way Freight, with $3.1 billion in revenue last year, fared better over the past two years than...
LTL Carriers Clear the Slate Two years ago, the nation's largest trucking companies were locked in a no-discount-barred price war that slashed less-than-truckload rates across...
PierPass Gets Passing Grade Just how successful has PierPass been at the Port of Los Angeles-Long Beach? The nation's highest profile extended gate program...
Global Warming Chills Suez As container terminals up and down the 102-mile Suez Canal were closing briefly during Egypt's revolution last February, business through...
Suez Terminal Swings Back When political upheavals erupted across North Africa and the Middle East last February, it was just the beginning of a...
Reviewing Broker Contracts In establishing a broker business, every broker will have to learn to manage the details of contracts with motor carriers...
Reaping the Trade Harvest To U.S. farmers, the free trade agreements negotiated with South Korea, Colombia and Panama several years ago have been something...
A yearly boom and bust cycle? Drewry Shipping Consultants says "an excess of capacity on key routes, as well as poor discipline from carriers means that container shipping lines will not cover their cost of capital in 2011 and many will lose money once again." That gloomy outl...
Salvors start removing oil from boxship Maritime New Zealand said salvors are working to remove bunker fuel from the containership Rena which went aground last Wednesday on Astrolabe Reef near Tauranga Harbor off New Zealand's North Island. The government agency said workers began pumpi...
Containers for protest art An artist has created an artwork in Memorial Hill Park across the street from the Federal Reserve Bank of Kansas City, Mo., using standard freight containers.At the site, the stacked light colored containers spell out "IOU" and "USA" on the other. ...
Investors pump $55 million into Southern Air Oak Hill Capital Partners said it will invest an additional $55 million in Southern Air to help the all-cargo airline replace older aircraft in its fleet. The private equity firm has owned a majority stake in Southern Air since 2007. The air cargo c...
Industry groups warn Buy American 'backfires' A group of nearly 25 industry associations asked Capitol Hill lawmakers to avoid inclusion of additional "Buy American" provisions in the proposed American Jobs Act legislation. "When the United States erects onerous new Buy American barriers to i...
NY man, firm guilty of illegal computer exports Jeng "Jay" Shih, 54, a U.S. citizen, and his Queens, N.Y.-based company Sunrise Technologies and Trading Corp., pleaded guilty on Friday in the District of Columbia to conspiracy to illegally export U.S.-origin computers from the United States to ...
Radiant results reflect acquisition Radiant Logistics said it had a profit of $582,000 in the three months ending June 30, compared to $844,000 in the same period the prior year. The company said the results reflected its acquisition in April of DBA Distribution Services, which commo...
Port of Long Beach looks at new office Southern California's Port of Long Beach said it will discuss a potential lease or purchase of One World Trade Center in Long Beach at its board meeting on Monday. TheLos Angeles Timesreported the port has tentatively agreed to purchase the 27-sto...
Rosneft sharpens focus on Asia POINT becomes exclusive fuel oil broker for the Russian supplier in South East Asia and the Far East of Russia.
State-owned shipping company chooses Salalah Port in Oman to become regional hub for India's SCI.
IFO prices steady in Fujairah No quotes for Durban.
North European bunker markets firm Hellenic refinery workers in Greece have announced strike, starting Tuesday.
EU ship emissions down 10% in 2010 Decoupling emissions from economic growth sets EU on target to overachieve on Kyoto Protocol target.
Supplier outlines plans for growth Gulf Petrochem India will start new supply operations when Pipavav terminal comes on stream.
St. Petersburg showing signs of recovery Freight throughput up and bunkering volumes 'at pre-crisis level'.
Cruise line wins Marine Environment Protection Award Royal Caribbean's efforts recognised by the North American Marine Environment Protection Association.
Week starts with mixed bunker prices at major ports Supplies of bunker material mixed at key Asian ports on Monday.
World excess of tankers may be limited by slowing speeds Tanker market currently "bottoming," says CEO of Teekay.
Shipowners 'bear brunt' of voyage deviation bunker costs Additional bunkers spent to avoid pirate infested areas has 'more impact' on shipowners' overall earnings.
Glander promotes veteran staff to President Larry Messina has been in the bunker business for over 30 years.
Bunker barge pumps oil off grounded vessel Salvage operations suspended due to poor weather conditions.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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