Call to boycott Suez Canal over pirates A leading Norwegian shipowner called on tanker operators to boycott the Suez Canal which he said would force global powers to intervene in Somalia to crush piracy by forcing up oil and commodity prices.
Avianova expanding domestic network in Russia The Russian low-cost airline Avianova celebrated the beginning of spring by launching new routes from Sochi as well as sales from its second base in Krasnodar. Flights on the route...
Anchorage airport welcomes three new cargo operators The Lynxs Group, a privately-owned international real estate developer based in Austin TX (USA) that specialises in air cargo and related transportation infrastructure facilities a...
Icao warns of aviation professionals shortage by 2030 More than 2 million job vacancies for pilots, maintenance personnel and air traffic controllers are expected as a result of the retirement of qualified professionals and the antici...
Evergreen launching new Northern China-Jakarta link The Taiwanese shipping company Evergreen Line is set to launch a new ocean route from Northern China to Jakarta. The new Hua-Bei-Indonesia (HBI) link aims to provide a prompt and c...
Two container giants meet in Felixstowe Two of the world's largest containerships recently met for the first time at the port of Felixstowe (UK). The 15,550 teu "Eleonora Maersk" and the 14,000 teu "MSC Pa...
Roger Crook follows Hermann Ude on the board of Deutsche Post DHL Two years after the resignation of Klaus Zumwinkel as the head of Deutsche Post, one of his close associates has now also had to leave the corporate board. The firm said that Herma...
Ceva Logistics did well in 2010 Ceva Logistics, a global logistics service provider and supply chain manager based in Hoofddorp (Netherlands), boosted its Q4/2010 revenue by 22% in comparison with the like-for-li...
Warren Erfmann buys Swift Freight Group from Barloworld Logistics Warren Erfmann, a former CEO of Barloworld Logistics Middle East and Asia, has acquired the Swift Freight Group from Barloworld Logistics (BWL). Erfmann bought 100% of Swift's glob...
Austrian post office increases profits The stock exchange-listed Austrian postal service provider 'sterreichische Post improved its profit by 48% in 2010, from EUR 79.7 to 118.4 million. Sales declined by 0.2%, from EUR...
ILN Logistic opens new German hub in Ulm ILN Logistic, a pan-European general cargo alliance, is improving its network. The Ulm transhipment point will be operated by ILN itself, which is a first in the history of the ass...
Kombiverkehr launching new links to Romania and Greece The Frankfurt-based German company Kombiverkehr now links Rostock, Neuss, Duisburg and Ludwigshafen (all Germany) with Romania and Greece. The firm collaborates with the intermodal...
SBB Cargo saves CO2 The Swiss railfreight service provider SBB Cargo has launched a new 'prix 'co', to award to customers who save most greenhouse gases through the use of rail transport services in 2...
Dubai transport authority endorses road construction The Dubai roads and transport authority (RTA), chaired by H.E. Mattar Al Tayer, recently approved the construction of local roads in the Al Khawaneej, Al Barsha and Al Warqa distri...
European inland ports group welcomes TEN-T policy review The European Federation of Inland Ports (Efip) recently stated that it is clear that European inland ports have to play an important role in the upcoming TEN-T policy, as inland po...
Radiation spooks product tanker owners LR1 owners demand premium of $2,700 a day to ship naphtha to Japan
Pareto defers recovery estimate to 2013 The market recovery for the global product tanker sector has been postponed from 2012 until 2013 in a new assessment issued by Norwegian investment bank Pareto Securities
Rise in tankers deployed for floating storage The number of tankers deployed on floating storage is rising, with Morgan Stanley behind the latest reported charter of the 2005-built, 114,879 dwt tanker
Banks taking tougher line on problem shipping debt Banks are finally running out of patience with cash-strapped shipowners, and have begun to sell and refinance vessels to other clients with healthier balance sheets
Genmar scrambles for cash to plug balance sheet hole Tanker owner must hammer out a deal with financiers in next two weeks to avoid a chapter 11 filing
Genmar in race against clock Peter Georgiopoulos spearheads rescue effort as share price fades
Bahrain ports returning to normal Number of ports are still operational, if not working at full capacity
The dangers of hubris It seems that the meltdown promised by doomsayers last year is coming true now
Oil supply gap Shipping stands ready to meet the posssible logistical challenges caused by an oil supply gap
Beluga Shipping files for insolvency Move comes a day after Beluga Chartering filing
Japan fears may delay Hapag-Lloyd IPO Monitoring impact of Japan crisis before deciding on offering
St Petersburg backlog begins to ease Port authority source says total number of trapped ships was down to around 80
Merger helps boost Qatar Navigation bottom line Sees 130% surge in net profit on back of takeover of Qatar Shipping
Lauritzen predicts less favourable results in 2011 Issues warning after improving its profit in 2010 to $130m
Flags seek armed guards vetting body Bahamas and Marshall Islands want independent vetting of ship security providers
Investors eye shipping cautiously as IPOs dry up This year may be another where investors refrain from maritime stocks as some experts say 2011 will be one of the worst in decades for shipping
Resurgent ABN Amro 'ready to bridge' ship finance funding gap Lender has come through a difficult few years but is poised to take advantage of the upside despite precarious nature of the global shipping markets
Earthquake may widen cracks in Japan's economy Set to have a major impact on Japan's economy and its maritime trade
Boskalis full year profits soar 36% Upbeat on mid-term 2011 prospects due to investment by energy and port sectors
Gard changes stance on armed guards Adopting neutral position will allow shipowners to make own informed decisions
Calls grow for use of armed guards Shipping community change stance as pirates step up use of torture and violence
DFDS looks to bolster logistics unit Aims to turn around division as it reports 10-year high profit of $103m
Bribery laws still lost in a cloud of smoke A lack of clarity on how the UK Bribery Act 2010 will be interpreted is causing shipping companies some concern
Inquest opens on Beluga's demise Where responsibility lies for the German heavylift operator's downfall and the future of its legacy remain unclear
Operators retain their optimism Beluga meltdown could be mitigated by high demand for energy and infrastructural measures in the Middle and Far East
Communities fear knockout blow Footballers, artists and schoolchildren have been anxiously following the fate of Beluga
San Pedro bus ride tells a tale of two ports Long Beach has reinvented itself as a tourist destination. But where does this leave rival Port of LA?
Pacific Shipping trust secures $132m bank financing Three-bank deal to aid further fleet investment
Hijacked Samudera vessel used as mothership Multipurpose ship, Sinar Kudus, used to attack bulk carrier Emperor
BBC secures Beluga tonnage PROJECT and breakbulk carrier BBC Chartering has secured two former Beluga ships, at much reduced daily hire rates for six-month periods
Better bulker market lifts Lauritzen DENMARK'S J Lauritzen has attributed a rise in net profits last year to improvements in the bulker market, increased capacity and income from offshore units
Quake kinks US auto supply chain VEHICLE parts exported by ship from Japan to the US could be delayed because of Japan's quake crisis, IHS Global Insight reported today
Russian grain trade splits over ban A NEW Russian grain trade organisation is hoping to persuade the Kremlin to allow the resumption of grain exports before 1 July
Bomb materials seized MALAYSIAN police have reportedly impounded boxes containing undeclared items that could be used for making bombs
Primorsk oil loading recovers after ice OIL LOADING has returned to normal levels after icy conditions cut shipments significantly in recent weeks
DFDS's profits soar DANISH ferry and logistics group DFDS has posted a sharp jump in annual profits after its acquisition of Norfolkline
SINOPEC joins Saudi export refinery scheme SINOPEC of China has agreed to join Saudi Aramco in an export refinery scheme at the Red Sea port of Yanbu, IHS World Markets Energy reported today
Forwarders allege error rise by box lines GERMAN freight forwarders and logistics agents have fired warning shots to underline shortcomings on documentation by the box lines
Bulker grounds in Atlantic A GREEK-owned bulker Oliva has run aground on an island in the remote Tristan da Cunha group in the South Atlantic
CSAV seeking capital, planning float THE NEW chairman of Chile's CSAV has announced plans to seek a $500M capital increase and float a large stake in the group's ports and shipping services arm, SAAM
Chu Kong profits rise 18% HONG KONG river operator Chu Kong Shipping today posted an 18% year-on-year rise in 2010 net profits
$6.9M settlement agreed MALAYSIAN Bulk Carriers said today a wholly owned subsidiary will pay $6
CSDC net profits rise 61% CSDC SAID today sound business strategies had secured a 61.2% rise in year-on-year net profits for 2010, despite market fluctuations
Back seat for salvage in Japan crisis ANXIETY is sharpening among Japanese carriers today because some of their ships have not been salvaged after running aground in the devastating 11 March tsunami
Lack of Japan-Made Parts Closes GM Plant in La General Motors said it will suspend production at its Shreveport, La., pickup assembly plant next week because of a parts...
Japan-US Air Freight Rates Rise as Cargo Space Tightens Air freight rates are rising for loads moving from Japan to the U.S. in the bellies of passenger planes, an...
Sea Star Increases 53-Foot Box Fleet Sea Star Line ordered 100 new 53-foot cargo containers for use at its Jacksonville and Philadelphia ports. The Jacksonville,...
Evergreen Starts New Japan-Taiwan Loop In an expansion of its intra-Asia regional network, Evergreen Line is launching a weekly service called the Japan-Taiwan-South China Sea...
Kelron Logistics Adds Intermodal Service Canadian third-party logistics company Kelron Logistics is expanding into intermodal rail, launching a North American intermodal marketing operation. The...
CSAV Expects Loss, Seeks Capital The new chairman of Chile's CSAV warned of "negative results" for the first quarter and said the company will seek...
NAFTA Trade Jumped Record 24.3 Percent in 2010 Surface transportation trade between the U.S. and its North American Free Trade Agreement partners Canada and Mexico jumped a record...
Maersk Ships to Avoid Japanese Radiation Zone Maersk Line ships will not enter or pass through an offshore area close to an overheating nuclear plant in Japan,...
FedEx Freight Loses $110 Million in Quarter FedEx Freight lost $110 million in its most recent quarter, despite an 11 percent improvement in yield as sales increased...
Greenbrier Nabs Orders for 4,200 Railcars Greenbrier Companies took recent new orders to build 4,200 more railcars, most of them double-stack intermodal wells, valued at $325...
Steel Exports Jumped 14.2 Percent in January U.S. steel exports increased 14.2 percent in January from December and were up 11.2 percent year-to-year, led by shipments to...
AMB Property Enters $1.1 Billion China Venture AMB Property is making a significant foray into the Chinese logistics market with a minority stake in a $1.1 billion...
Factory Production Rose 0.4 Percent in February U.S. manufacturing production rose 0.4 percent in February, spurred by increased output of motor vehicles and parts, the Federal Reserve...
FedEx Ground Reports $325 Million Profit FedEx Ground outdistanced its sister divisions at Memphis-based FedEx, increasing revenue 14 percent and operating profit 26 percent in the...
Rising Fuel Costs Tap FedEx Profits FedEx lowered its earnings forecast for 2011 as higher fuel costs and declining demand for domestic service clipped income in...
Zim Hikes India-Europe Rates Zim Integrated Shipping Services will seek a general rate increase on the westbound trades from India to Europe and the...
Agriculture Secretary Pushes for Free Trade Agreement Secretary of Agriculture Tom Vilsack, along with California agricultural exporters, Wednesday urged Congress to approve the U.S.-Korea Free Trade Agreement...
Lufthansa Cargo Earns Record Profit Lufthansa Cargo swung to a record operating profit of $434 million in 2010 from a year earlier loss of $239...
Worries Spread of Japan Risk to Tech Supply Chain Executives from computer makers and other technology firms show growing concern that the unfolding disaster in Japan can disrupt their...
MOL Recovers Bulker Vessel Mitsui O.S.K. Lines recovered a vessel, the chartered bulk carrier C.S. Victory, that had been carried away by the massive...
Genmar spooks Wall Street Wells Fargo analyst says shares of Peter Georgiopoulos-led tanker owner continue to trade at a premium even after 28% decline.
Beluga bankrupt in Bremen Operating arm of heavylift group files for insolvency as owners withdraw 52 ships from fleet.
PST bags bank boost Singapore-listed owner tosses equity issue on ice as lenders bankroll $150m order.
CSDC surges 61% Tanker and bulker owner's 2010 profit takes big turn for the better as revenues jump.
Korea Line burns Lauritzen Redelivery of handymax bulk carriers cost Danish group $50m as buoyant 2010 overshadowed by downbeat forecast.
Finnlines ro-pax refloats Finnish vessel went aground on Trave river in Germany on Thursday morning.
'Thanks Carsten' Norden chief picks up $500,000 as a reward for steering the shipowner through the financial crisis.
FBR bets on Genmar Equity analyst says General Maritime Corps's "imminent recapitalisation is a buying opportunity" for investors.
Hold-up a scrap headache Sparks could fly if Bangladeshi judge fails to sign court order and a clutch of vessels miss key beaching tide.
Puerto Rico run resumes Marine Express relaunching freight service to Dominican Republic.
UBS back for PGS stock Swiss bank boosts its holding on Oslo-listed shipowner with $25m buy.
Look-out lapse Both Norfolkline ferry and fishing vessel were lax in fatal collision off UK last year, report finds.
Clonlee gets the all clear Irish boxship allowed to leave port after yesterday's accident, MCA says.
Boskalis eyes Japan deals CEO Peter Berdowski reveals talks are underway to secure salvage and heavy-lift work following Japanese tsunami.
Peter G to save Genmar US tycoon tipped to come to the aid of New York-listed tanker owner ' potentially via a private equity vehicle.
ALAN channels response to Japanese quake The American Logistics Aid Network said it's working to identify critical needs and communicate them to concerned members of the freight transportation and logistics industry. ALAN, a non-profit organization that engages the supply chain community...
Shrimp remains on hook for U.S. duties Landrieu The U.S. International Trade Commission ruled Tuesday to extend antidumping duties on frozen warm-water shrimp from Brazil, China, India, Thailand and Vietnam for another five years to protect the domestic shrimping industry. In a 5-1 deci...
Rep. Aderholt scolds TSA over budget proposal Aderholt Rep. Robert Aderholt, chairman of the House Appropriations subcommittee on homeland security, on Tuesday criticized the Transportation Security Administration for trying to count an additional $590 million in unauthorized passenger user fe...
Inland barge fleet grew 2% in 2010 The U.S. inland barge fleet expanded 2 percent to about 21,000 barges during 2010 as the numbers of covered hopper barges grew almost 5 percent. According to the 24th edition of Informa Economic''s Barge Fleet Profile, 873 new barges of all types w...
'Total abandonment' of Great Lakes dredging The Obama administration's proposal to trim the Great Lakes dredging budget by 32 percent in fiscal year 2012 has the Great Lakes shipping industry declaring a "state of emergency." Specifically, the White House's proposed appropriation for lakes d...
COSCO raises Far East/Mideast bunker rates COSCO Container Lines said Wednesday it is increasing its bunker surcharge on shipments from the Far East to the Middle East in April. The revised surcharges are: Far East (except Japan) to the Persian Gulf and Indian Subcontinent, $410 per TEU ...
Maersk imposes charges due to reefer box shortage Facing a "severe shortage of reefer containers during the reefer season," Maersk has announced general rate increases and reefer charges on several trades. On April 15 it said it will impose a $150 increase on 40-foot high-cube reefer boxes moving...
CSAV moves to bolster finances Chilean container shipping company CSAV said it will bolster its finances through a two-part plan that includes increasing its capital by $500 million and selling 49 percent of the shares in its subsidiary South American Air and Maritime Agencies....
CMA CGM: Weapons shipment marked as lentils French liner carrier CMA CGM said Wednesday a shipment of illegal arms that Israeli commandos found aboard one of its chartered containerships Tuesday in the Mediterranean, was marked on the manifest as lentils. The line said in a statement it "do...
Thy Ferries bankrupt Thy Ferries Cargo A/S has filed for bankruptcy and the company's activities wil be continued in a newly formed company called TF Cargo. The old company, Thy Ferries Cargo
DFDS had a profitable 2010 DFDS Group reports a strong financial 2010 and increased revenues as well as profits after the purchase of Norfolk Line. Revenue totalled DKK 9.8 billion. The pretax profit was
Italian authorities relent on bunker ban Ferry carrying Moroccans fleeing Libyan fighting allowed to bunker in Augusta.
Prices fall in Fujairah Avails tight in Durban.
KPI Bridge Oil appoints bunker trader for New York office Belekos has several years professional experience in sales and marine lubricants trading.
Rotterdam and Hamburg prices mixed Tight avails for low sulphur product in Hamburg.
Cruise industry leaders expect modest growth Fuel prices can be absorbed but environmental regulations a concern.
Economic case for scrubbers is 'enormous' Low sulphur, distillate quality fuel could carry an '$850 premium', says DNVPS's Rudy Kassinger.
Fal Oil: UAE dispute not completely resolved Company official tells Reuters that company is 'still in talks'.
IFO prices falling in Asian ports Demand 'mixed' at Asia's main bunkering hubs on Thursday, say local traders.
Fujairah to double storage capacity on market growth Planned expansions and improvements in Fujairah in line with near-completion of the Abu Dhabi Crude Oil Pipeline, says official.
Japan faces 'extreme tightness' of bunker supplies after quake, tsunami Supply shortage in Tokyo Bay may last for one to four months, traders say.
Beluga Chartering files for insolvency Beluga Group and other 'significant subsidiaries' not affected by the bankruptcy proceedings, says company.
Singapore supplier eyes expansion with new bunker tankers Bunker tankers will support Sentek's operations in Singapore.
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