Turkish Airlines links Kyrgyzstan and Mongolia Turkish Airlines has increased its Istanbul-Bishkek services from seven to ten a week, as it has secured traffic rights for an extra three weekly flights, which continue to Ulaan B...
CMA CGM to maintain Brazex service The CMA CGM Group has announced that its cooperation with Maersk Line on the Brazil Express service (Brazex) in the South America east coast-Caribbean trade will terminate by Octob...
New direct DB Schenker wagon load links between Terneuzen and Rotterdam DB Schenker now offers direct wagon load links between Terneuzen and Rotterdam Kijfhoek, linking up with B Logistics' wagon load network for destinations in Belgium and France. The...
US truck driver turnover higher in Q1 Driver turnover at truckload fleets rose again in the first quarter, according to a report published by the American Trucking Associations (ATA), following a small rise in the fou...
First freight aircraft stationed in Cochstedt Germany's Magdeburg/Cochstedt airport, the only international commercial hub in the Saxony-Anhalt region, is focusing more on freight and logistics. The first milestone to this end...
OOCL reshuffles management Michael Kwok was promoted to OOCL chief operating officer on 1 July. He succeeded Andy Tung, who became the company's CEO. Kwok's previous tasks as director of trades have been ta...
US transport ministry grant for Hunts Point terminal The US department of transportation has granted the Hunts Point agricultural produce market in the Bronx USD 10 million to make railfreight improvements. The project is one of 47 i...
Trade between Mexico and USA increasing Surface trade between Mexico and the United States increased by 11% last year and has almost doubled since 2002, according to a report published by Armstrong & Associates, a su...
EU approves restructuring aid for Air Malta The European Commission has concluded that a EUR 130 million restructuring grant for the state-owned airline Air Malta is in line with EU state aid rules. The Commission found that...
Augustin Quehenberger unifies activities under Quehenberger Logistics brand The Augustin Quehenberger group, based in Strasswalchen near Salzburg (Austria), has unified all of its activities under the Quehenberger Logistics brand umbrella. The Augustin Ne...
Rodi joins DSLV's steering committee Dr Hansjörg Rodi, chairman of the board of Schenker Deutschland AG, was elected to the steering committee of the the German forwarding and logistics federation DSLV at its recent ...
Competition, consolidation and the case of the missing Chinese OECD shipbuilding talks target same old problems and offer no new solutions
Japan happy with green-ship definition at OECD Revised definition will be offered to the next shipbuilding working party meeting in the autumn
If Beijing sneezes, France will catch a cold Maritime planning in Paris will stand or fall on the resilience of China's economy
VLGCs seek longer-term charters to lock in high earnings Owners fear a continued slide in the spot rate will drag down the period market
Naive to think PPPs are the answer to piracy, says DP World chief Partnerships between private enterprise and the state need to be supported by short term solutions such as armed guards
CMA CGM sells cruise arm La Compagnie du Ponant French container giant follows rivals in ditching non-core assets
Matson Navigation shares rise on first day of trading Hawaii-based Jones Act boxline split from listed parent Alexander & Baldwin
Angola LNG ships seek spot cargoes from Norway and Nigeria Two vessels will achieve high rates as tonnage availability is tight
Sanko bankruptcy could flood secondhand market with ships Collapse will slow short-term sales activity as creditors assess the market
Demolition rates stabilise below $400 per ldt Settled prices may boost confidence among breakers and cash buyers
Secondhand bulker becomes cheapest panamax afloat Sale price for vintage vessel with damaged engine hits record low
Safe Bulkers returns to JBIC for a loan Credit worth $34m will be split between export finance bank and Citigroup
Three KG funds file for bankruptcy German owners fear fresh casualties from Commerzbank ship finance exit
K Line to boost cash reserves as losses mount Yet another carrier risks dilution to investors, issuing equity in a down market
Japan nuclear restart worries LNG shipping Restart is small, but concerns exist in the LNG industry that more are to come
Kühne urges Hamburg Süd and Hapag-Lloyd to merge Fresh progress unlikely for long-mooted proposal as Oetker holds out
US puts the squeeze on Tanzania in Iran reflagging row Dar es Salaam faces sanctions threat as Washington blocks Tehran oil sales
US House passes legislation for ports security review Gaps Act heads for Senate consideration
Iran- are you exposed? Sanctions investigations over business links with Tehran have shipping in their sights
The west is still the best China's model of state-backed shipping can only last as long as the country's state-run boom
Box owners consider accreditation for reefer depots in wake of death blasts Exploding reefers scandal prompts new measures to ensure safety of refrigerant gas
Dockwise pays a high price to take 80.4% of Fairstar Heavylift firm takeover 'a good thing', says Adkins
NOL selling Singapore HQ in drive for cash Company says it aims to 'release capital for strategic investment'
Box trade threatened as Europe signals a further recession Latest industrial news from Germany 'suggests that we shall see exports declining in the coming six months'
Adani Ports to build dry bulk terminal at Kandla Deal is worth $216m and construction will take 24 months
Sanko files for receivership Japanese operator calls it a day after mounting pressure from counterparties
DB Schenker Rail to operate London Gateway freight trains New port plans to operate the UK's largest rail freight terminal
Brightoil Petroleum in $50m loan from China Development Bank Credit comes on the condition that Hong Kong-listed company's chief executive and major shareholder keeps controlling share
Excel breaches NYSE rules Dry bulk giant has three months to boost stock price after breach of $1 rule
FSL wins covenant reprieve from bankers Two covenants eased for 12 months as Singapore shipping trust to halt dividend payouts for that period
Saia Buys $12 Million Truck Brokerage Firm Saia, a multi-regional less-than-truckload carrier, purchased Robart Companies, a truck freight broker and logistics services provider based in Duluth, Ga....
Container Volumes Grow at West Coast Ports Container volumes at West Coast ports increased 7 percent in May compared to May 2011, with imports up 8 percent...
Iran Threatens to Disrupt Strait of Hormuz Traffic Shippers and transportation providers could see their fuel prices spike if Iran makes good on a plan to block oil...
UPS Freight to Hike Tariff Rates 5.9 Percent UPS Freight will raise its less-than-truckload tariff pricing 5.9 percent on average July 16, joining other LTL carriers with general...
NYK Plans to Boost Logistics Operations NYK President Yasumi Kudo said the company plans to double sales from logistics operations in future as global vessel overcapacity...
Report: US Soybean Exports to Help Drive Trade Up 95 Percent U.S. exports of soybeans, coal and petroleum will drive the nation's trade to expand 95 percent by 2026, as global...
Manufacturing Index Contracts in June A widely followed gauge of U.S. manufacturing unexpectedly contracted in June for the first time in almost three years amid...
Gotthard Tunnel Reopens After One-Month Closure The Gotthard tunnel has re-opened almost a month after a landslide forced the closure of the main north-south route for...
FedEx Speeds Up Fleet Upgrade, Buys 19 B-767s FedEx plans to buy 19 Boeing 767-300 aircraft, as the parcel giant speeds up its fleet upgrades to offset volatile...
Dockwise Adds to Stake in Fairstar Dockwise, the Dutch heavy-lift operator, said it now controls 80.4 percent of the outstanding shares of takeover target Fairstar Heavy...
Emory Economist Sees Slow Growth, Not Recession The U.S. may be stuck in a period of slow growth, but its economy is not in imminent danger of...
DHS Awards $97 Million in Port Security Grants The Department of Homeland Security announced more than $97 million in port security grants for the 2012 fiscal year. ...
Matson Begins Trading As Independent Company Matson Inc. stock began trading on the New York Stock Exchange Monday after the ocean carrier and logistics company's separation...
Global Air Cargo Dips 2.2 Percent International air cargo traffic dipped 2.2 percent in May from a year ago and contracted 0.4 percent from April in...
Europe's Import-Export Outlook Dims Europe's recession will slow growth in containerized imports and exports through the continent's northern ports to about one-third the rate...
Schenker to Operate Freight Trains From New UK Box Port The London Gateway deep-sea container port and distribution hub will offer rail service across the U.K. on the day it...
NOL to Sell Singapore Headquarters NOL plans to sell its Singapore headquarters building as part of an ongoing cost-reduction and restructuring program that is producing...
Hapag-Lloyd to Hike Rates on East Asia Services Hapag-Lloyd said it will impose a general rate increase on all kinds of container equipment shipped from East Asia (excluding...
Container Rate Indexing Grows at a Snail's Pace Are long-term freight contracts reset periodically to reflect variations in spot rate indices the answer to rate volatility? A small,...
Commentary: Be Wary of Salvage Deal Q: We're a manufacturer of high-end kitchen appliances and face what I think is a very unusual situation regarding a...
Better Planning Evens Out Air Cargo's Peaks, Valleys Team Worldwide is struggling with visibility this summer. "For the first time in many years, we are somewhat at a...
FedEx Freight Tweaks LTL Network With its first annual profit since 2008 in the bank, FedEx Freight is moving to tighten its less-than-truckload network. The...
LTL Carrier Holland to Hire 450 Drivers Higher manufacturing output in the Midwest is translating to more trucking jobs. Less-than-truckload carrier Holland plans to hire 450...
Trucking Capacity Reaches 'Tenuous' Equilibrium For more than two years, shippers have braced for a hard crunch in truck capacity, a blow that seemed inevitable...
Chassis Changes Prompt Fears of Congestion on the Docks As ports prepare for a modest spike in cargo volumes during the peak shipping season, ocean carriers, marine terminals, railroads...
Air Cargo Shippers Look to the Sea You'd be hard pressed to find stronger evidence of the shift of freight transportation from air to sea than when...
Commentary: Summer of Discontent Just when you thought it was safe to get back in the water, the theme music from "Jaws" ramps up...
IMO Pressed to Require Weighing of Containers Container ship lines say it's not unusual for their cargoes' actual weights to be 3 to 7 percent higher than...
Several Rate Indices Available Shippers and carriers use several spot rate indices to benchmark their contracts. The Shanghai Shipping Exchange launched the first container...
DB Schenker Rail commits to London Gateway DB Schenker Rail has agreed to provide at least four block trains a day in and out of London Gateway container terminal when its first deep-water berth opens in ...
MSC restricts North Europe/Asia bookings MSC intends to restrict bookings on its Silk, Lion, Condor and Swan services from Northern Europe to the Middle East and Far East until week beginning July 9. The ...
AfDB to help fund Togo-Burkina Faso highway corridor The African Development Bank (AfDB) is to provide funding of USD175.66 million for the upgrade of 303km of highway connecting the port city of Lome in Togo and ...
ERC signs contracts to boost its rail network Ethiopian Railways Corporation (ERC) has signed construction contracts with Turkey-based Yapi Merkezi and China Communications Construction Company (CCCC) to build ...
Idled boxships down to 2.37% of world fleet
K Line projects Q1 and H1 net losses on back of plunging security prices Japanese carrier K Line has forecast losses for its first quarter and first half of its fiscal year and a downgraded fiscal year net profit on the back of losses ...
Madsen joins ICTSI Hans-Ole Madsen, formerly vice president for business development in Africa, the Middle East and South Asia for APM Terminals (APM T) has joined Manila-based International ...
NOL selling HQ to raise cash Singapore's NOL Group intends to sell its 26-storey Alexandra Road headquarters to 'release capital for strategic investment' and shore-up its loss-making shipping ...
MSC adds Jacksonville to US/C America string MSC has revamped its liner service linking the south eastern part of the US with Central America by including direct calls at Jacksonville. The weekly service calls ...
Congress passes surface transport bill The legislation's passage comes after Republican and Democratic negotiators used creative accounting within the federal budget to shore up a projected gap of several billion dollars in the Highway Trust Fund.
USDA puts clarity into plant import process
Cargotec snaps up Asciano
Fargo adds road to container freight IT
FedEx orders 19 more jets from Boeing The order comes on top of an early FedEx annoumcement to buy 27 new B767s for delivery between fiscal 2014 and 2018. It also plans to purchase another 24 B777s to add to the 19 long-range B777 planes it operates today.
Mistrial declared in ILWU president's Longview trial
NOL selling Singapore headquarters building About 500 people work in the NOL building, with the company saying a decision to relocate them or keep them in the existing building as a tenant will wait until a buyer is identified. NOL has retained the commercial real estate firm Jones Lang LaSalle.
Matson starts trading as separate public company
Harrison to lead Canadian Pacific Canadian Pacific Railway named Hunter Harrison president, chief executive officer, and a member of its board of directors. Until Dec. 31, 2009, he had served as head of competing railroad Canadian National.
Sharp gains in European bunker markets 'Double-digit' gains in many ports.
Marine cylinder lubes: 'Conventional wisdom has changed' Total Lubmarine reopens lube debate with warning of 'potential dangers'.
Prices firm in Fujairah Prices edge up in Fujairah but regional outlook mixed.
Lower bunker bills help K-Line's bottom line Cheaper bunkers help shipowner make a return to full-year profit
NOL to sell Singapore base Box operator preparing to sell its Singaporean HQ in bid to raise funds for strategic investments
Sanko files for bankruptcy Japan's fourth largest shipping firm has debts of $1.95 billion.
Bunker prices firming in key Asian ports on Monday No problems with avails.
Independent non-executive directors change at Titan Maria Tam Wai Chu retires as independent non-executive director of Titan.
Brightoil secures $50 million loan from Chinese bank Chairman and Executive Director Dr Sit Kwong Lam must remain as majority shareholder of Brightoil as part of loan agreement.
Singapore-based bunkering firm boosts legal team Gilbert Liu, a qualified Advocate & Solicitor in Singapore, joins United Bunkering & Trading.
Sinopec Zhoushan bunker volumes up in May Sinopec Zhoushan sold 280,000 mt in May, says company source.
Tropical storm leaves Hong Kong, bunkering resumes Weather 'mainly fine and hot with one or two isolated showers', says Hong Kong Observatory on Monday.
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