Australia: new contract moves rail link into high gear A rail link in the state of Victoria (Australia) has been shifted into high gear with the announcement of a USD 570 million construction contract. This is the second to last contra...
FleetPride acquires Westpac Heavy Duty FleetPride Inc, the USA's largest retailer of heavy-duty truck and trailer parts, has acquired the assets of Westpac Heavy Duty in Phoenix AZ and in Mira Loma CA. This brings the t...
Volvo Trucks starts blue power strategy for the USA Volvo Trucks plans to launch its own 13 l liquefied natural gas (LNG) engine for North America in 2014. Combined with the company's previously announced offering of compressed...
SBB investing in fleet rejuvenation Schweizerischen Bundesbahnen (SBB), the national railway of Switzerland, is investing CHF 606 million in the modernisation and rejuvenation of its infrastructure fleet, which has a...
UK signs new Hercules support deal A new GPB 350 million Ministry of Defence contract with Marshall Aerospace to maintain the Royal Air Force's Hercules aircraft will support 500 UK jobs. This, in turn, will help su...
Eichholtz GmbH celebrates 80th anniversary Eichholtz, a long-established handling and storage service provider based in Hamburg (Germany), is celebrating its 80th anniversary this year. Since its founding in 1932, the compa...
Swissport Cargo announces several senior appointments Swissport International, a global provider of ground services to the aviation sector, has selected Martin Sodergard as its senior vice-president, cargo operations, with immediate e...
Iata sees some cargo improvement in April The International Air Transport Association (Iata) announced April's global traffic results showing that freight demand was 4.2% down on April 2011. The contraction in April this y...
Three Asia-Pacific airports join ACI's airport carbon accreditation scheme Three of the Asia-Pacific's biggest airports have joined ACI's airport carbon accreditation scheme, which aims to identify and reduce the carbon footprint. Changi Airport (Singapor...
Fiege shoulders logistics for Primera The German logistics service provider Fiege has reinforced its position in the fashion logistics sector by shouldering a wide range of services for the fashion garment manufacturer...
Spanish ABQ launches consultancy service for AEO certificate Spain-based ABQ is launching a comprehensive consulting service for managing the processes, procedures and implementations that are needed to obtain the AEO certificate. The AEO ce...
G6 Alliance starts Suez Canal container terminal port calls The Suez Canal container terminal (SCCT) received and handled the first eastbound call of the new ABX Asia - Black Sea express service (ABX) operated by the G6 Consortium. The latt...
Kerry Logistics secures contract with Exego Group The global logistics service provider Kerry Logistics has secured a contract to provide international freight forwarding and logistics services to the Exego Group, the largest reta...
New Teesport container terminal wins prestigious award PD Ports' container terminal at Teesport (UK) has won the 'over GBP 4 million project' category at the annual Robert Stephenson Awards. These prestigious awards are presented by th...
China Shipping Container Line to serve Mobile, Miami and Jacksonville China Shipping Container Line Company, the world's eighth largest container shipping company by capacity, will begin a cargo service to the US Gulf Coast and Florida through a slot...
IEA unveils rules to cover the rise of unconventional gas A new era in energy depends on eco-friendly approach
International Energy Agency moulds the Golden Age Unconventional gas projects must engage with local people, says agency
Glittering prizes Measured development will see US and China take a lead in unconventional gas
Consolidation good, scrapping better Pools offer respite against a woeful tanker market but are not the only answer
Posidonia: parties, politics and pirates There will be plenty to talk about in Athens this year, but Greece itself may need its maritime community to come to its rescue
Maersk and Hapag-Lloyd postpone June 1 Asia-Europe rate hike German line pressing ahead with July increase of $500 per teu
Crisis looms for gas carriers as Middle East LPG growth dries up EXCLUSIVE INTERVIEW: Investing in new ships not a good idea says Maersk Tankers head of gas
Independent Tankers blames poor VLCC spot market for first quarter loss Average earnings a mere $6,500 per day
Reduced fleet hits NOCC revenues Car carrier owner reports signs of stronger demand
Fancy a scrap? High levels of boxship demolitions bring good news for beleaguered owners
Höegh in the running for more floating regas contracts Two contracts signed in first quarter and two to come
Shipowners to stay in Greece, but not at all costs Posidonia 2012: Return to drachma unlikely to trigger exodus
Technomar grabs CMA CGM boxships Deal includes charters back for five years
KG fund cuts charter rate after fire damages boxship MPC confirms revised Hapag-Lloyd deal
Chinese steam-coal demand weakens Record stocks dampen power plants' imports
Minoan Lines is awash in red ink First-quarter loss deepens despite growth in market share
Nord/LB forecasts rise in loan loss provision Shipping lender expects economic slowdown
Boardley aims to push IACS into the conversation EXCLUSIVE INTERVIEW: Class must be at the table when shipping is on the agenda
Pacific supramax market collapses Rate refugees head for Atlantic Basin in 'armada of ballasters'
Jinhui profits drop 75% Dry bulk firm hit by slack demand after demise of high-value contracts
Chinese yard becomes shipowner Huanghai Shipbuilding to set up shipping unit in Hong Kong
German insolvency law tackles forced KG ship sales ESUG supports bankrupt companies as they restructure
Shipping may seem downbeat and dreadful but better times lie ahead Posidonia allows industry to show solidarity with Greece, says Theochari
Constructive dialogue Almost certainly, the top echelons of shipping are referring to Brussels when they speak about the need to be heard
Sembcorp to appeal against Singapore high court decision Rig builder seeks new legal advice in dispute over PPL Shipyards joint venture
DSME sees first-quarter profit plunge Low-margin orders erode South Korea shipbuilder's result
B+H goes up in smoke Michael Hudner company files for Chapter 11
Höegh LNG steps on the gas Company hopes to land new contract awards
Maersk eyes Iraq market after opening branch office Line aims to expand market share as local conditions stabilise
CSD sells bulkers in scrap deals Chinese shipowner sells vintage vessels at $407 per ldt
Iran oil to Japan falls 65.5% JAPAN said tanker cargoes of crude from Iran fell 65.5% in April, compared with the same month a year earlier
Paint Höegh LNG red yet bullish HöEGH LNG Holding, the listed gas carrier venture in Norway's Leif Höegh group, today said net losses amounted to $3.9M in 1Q12, from $4.3M in losses year on year
Star Bulk beats Street NASDAQ-listed Star Bulk today reported much better quarterly results than expected, with shares trading up sharply on the news
Miami surveyor convicted CLASS surveyor Alejandro Gonzalez has been convicted for falsely certifying two ro-ros on behalf of the Panamanian and Bolivian flags
Ship operator fined $1.2M SINGAPORE vessel operator Target Ship Management was fined $1.2M for pollution crimes stemming from 'magic pipe' use
Boluda blames EC for closure SPAIN'S Boluda has blamed the EC for the decision to close its last surviving shipyard
Samudera sells bulkers INDONESIA'S Samudera Shipping Line has sold two 2003-built small bulkers to compatriot PT Alfa Trans Raya
Adaro takes majority stake PT ADARO Energy, Indonesia's second-biggest coal producer, said it has acquired a controlling interest in compatriot miner PT Bhakti Energi Persada
Sinking migrants rescued RESCUERS arrived in Malta this morning with 65 migrants who were being smuggled out of Africa, Maltese authorities said
Capesize rates near all-time low CAPESIZE rates are heading for an all-time low, with timecharter rates averaging just $5,292 per day, against daily operating costs of $20,000
Golden Ocean reinstates buyback GOLDEN Ocean said today its board has decided to reinstate its buyback programme of up to 45.0M shares, equal to the scheme that expired on 31 December 2011
Early-1990s Capesizes could be recovery key BREAKING Capesizes built in 1990-93 could speed recovery in freight rates, according to a drybulk consultancy
Frontline seen lagging peers FRONTLINE, the VLCC and Suezmax operator in John Fredriksen's shipping empire, is likely to lag its peers in the present business cycle, a senior shipping analyst has warned
Jubilee in mind, VLCC owners rush to book CHARTERERS are rushing to book VLCCs before the UK's Diamond Jubilee holidays and the Posidonia maritime convention in Greece next week
SMM loses PPL shares ruling SINGAPORE shipbuilder SMM said today the Singapore High Court has rejected its claims against investment firm PPL Holdings
ILWU Local 63 Clerical Workers Break Off Talks Contract negotiations between office clerical workers and waterfront employers in Southern California broke off after only two days of talks,...
FMCSA Pursues Unsafe Truckers, Bus Lines In an unprecedented sweep, the Department of Transportation shut down 26 bus operators for numerous safety violations after a year-long...
US Intermodal Rail Volume Rises 4.3 Percent U.S. intermodal shipments on major railroads in the week ending May 26 rose 4.3 percent year-over-year and 1.2 percent from...
South Carolina Allocates $180 Million for Charleston Deepening The South Carolina Senate set aside $180 million in state funding to deepen Charleston's harbor from 45 feet to 50...
Montreal Container Volume Grew 3.6 Percent in 2011 The volume of containers handled by the Port of Montreal increased 3.6 percent last year to 1.36 million 20-foot equivalent...
Port Metro Vancouver Awaits End of CP Strike Port Metro Vancouver, the Canadian port that has taken the brunt of the strike against Canadian Pacific Railway, is prepared...
Falling Asia-Europe Spot Rates Threaten Peak-Season Surcharges Spot rates on the westbound Asia-Europe trade fell for the fourth consecutive week, undermining carriers' ability to nail down the...
Senator Joins in Push for US Freight Plan Sen. Maria Cantwell urged the Department of Transportation Thursday to create a multimodal national freight transportation plan, an initiative DOT...
USMX Urges ILA to Bargain 'in Good Faith' The top negotiator for East and Gulf Coast waterfront management said International Longshoremen's Association President Harold Daggett "appears to be...
Stena Line Buys Baltic Routes From Scandlines Sweden's Stena Line has acquired five short-sea routes in the Baltic Sea from German rival Scandlines in a major expansion...
Logistics Technology Demand Boosts Descartes Sales Logistics software supplier Descartes increased net profit 18 percent to $2.6 million as revenue increased 10 percent to $29.9 million...
CP Strike End Pushed Back The restart of Canadian Pacific Railway service has been pushed back to at least Friday after legislation intended to end...
Shipping Corporation of India Posts $78 Million Loss State-owned Shipping Corporation of India lost $78 million in fiscal 2011-12, which ended March 31, compared with a net profit...
Cross-Border Rail Growth Outpaces Truck Transport Shippers appear to be increasingly turning to rail instead of truck when it comes to bringing high-value loads across the...
Maersk aims for 'No 1 position' in Iraq Maersk Line, which has seen its share of the Iraqi container market double in the past year to an estimated 10%-12%, is keen to seize on this momentum. Its figures ...
Does anybody know the directions to the Yellow Brick Road? 'We're on a road to nowhere' sang the 80s band Talking Heads: it sometimes seems that the same could be said of the container liner industry as it once again licks ...
SBS secures new deal with Division Six Dartford (UK)-headquartered SBS Worldwide has strengthened its relationship with Encino (CA)-based Division Six Sports Inc, a sportswear wholesaler. The latest ...
Australian cabotage set to become more predictable The Australian Logistics Council (ALC) has welcomed an amendment to Australia's 2012 Coastal Trading Bill agreed in the House of Representatives yesterday which ...
Moody's bleak outlook, and there could be casualties Moody's Investor Service 's latest report on the global shipping industry makes for further grim reading, with the group anticipating that aggregate earnings before ...
FedEx acquires Brazilian partner Memphis-based FedEx, the global express and logistics company, is to acquire Rapidao Cometa Logitica e Transportes (RCLT), one of Brazil's largest supply chain ...
Two million up for Portonave The Brazil, Itajai-based Terminais Portuarios de Navegantes - better known as Portonave - has processed more than two million containers in less than five-years ...
Yangtze links to be boosted Several ambitious rail and shuttle barge proposals for the Yangtze River area have been mooted and a blueprint has been approved to develop Wuhan port into a shipping ...
CP strikers asked to return voluntarily Ahead of back-to-work legislation being driven through the Canadian Parliament by Labour Minister, Lisa Raitt, she has made an appeal to the 4,800 CPR strikers ...
CI Awards 2012: LAST CALL Today really is your last chance to get those straggling entries in for the 2012 CI Awards: remember you have to be in it to win it, so no complaints if ...
NEWSFLASH - Employers: ILA not bargaining in good faith
MSC takes slots with Maersk on ECUMED In a significant development, ocean carrier Mediterranean Shipping Co. has announced on its German Website it is joining Maersk Line's ECUMED loop between ports in Ecuador, Panama and the Black Sea.
Descartes posts record quarterly revenues
DOT releases new emergency response guide
USDA considers Philippine banana imports
GT Nexus picked by Phoenix
Trincon starts activity-based cost tool
LB port vet Steinke joins Moffatt & Nichol The former executive director of the Port of Long Beach joined engineering firm Moffatt & Nichol as its ports practice leader. Steinke retired from the port in 2011 after a 22-year tenure there, including the last 14 as executive director.
MSC merges its Chile feeders
Big cranes head to Baltimore Four super-post-Panamax cranes capable of loading and unloading containers from the world's largest vessels are en route to the Port of Baltimore from China and are scheduled to arrive by the middle of next month.
CTSA amends bunker fee
Virgin adds Vancouver cargo service
Kooistra named Swisslog's NA sales VP
Obama signs Ex-Im Bank reauthorization "By reauthorizing support for the Export-Import Bank, we're helping thousands of businesses sell more of their products and services overseas and, in the process we're helping them create jobs here at home," the president said.
Oil heads for largest monthly drop in three years Crude plummets on speculation that slowing US economic growth and Europe's debt crisis could reduce fuel demand.
BORCO facility expansion 'on track' Some 1.9 million barrels of the 3.5 million extra capacity will be available by the second half of this year.
European markets soft Some suppliers fully booked in Rotterdam.
Fujairah prices still falling Durban prices firming slightly.
Risk assessment underway for LNG bunker terminal 'Crucial step in the development of LNG bunkering infrastructure,' says DNV.
Fuel oil stocks still climbing Arbitrage arrivals outstrip demand.
O.W. Bunker opens Beijing office Supplier says it is responding to Chinese demand.
Chinese shipyards offering 20% discounts As many as half of China's shipbuilding companies under threat, according to industry sources.
Asian bunker prices see double-digit falls Supplies of bunker fuels 'fine'.
Industry passes LNG 'milestone' Wartsila says there is 'growing awareness of the advantages of operating on gas.'
Northern Europen LNG bunkering study released Study makes recommendations for establishing LNG bunkering infrastructure in Northern Europe.
More orders for fuel efficent box vessels from UK shipping firm Order for six 1,100 TEU boxships underlines Lomar's strategy for energy-saving, fuel-efficient vessel designs, it says.
Singapore-based bunker supplier hires marketing manager Michael Chia starts work for Equatorial Marine Fuel Management Services with immediate effect.
Bunkers to play 'critical role' in Maersk Line's return to profit Targets saving up to $1.3 billion annually from reduction in bunker consumption.
Shipowner confirms fuel efficiency of Chinese bulker newbuilds Crown 63 ship model design has reached 'all goals of consumption reduction', says Sinopacific Shipbuilding Group.
Middle East governments urged to take lead on LNG bunkering Offshore and short-sea sectors 'most obvious start' for LNG bunkering in the region, says DNV executive.
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