Ipswich motorway upgrade completed The Dinmore-to-Goodna stretch of the Ipswich motorway in Australia has been completed in six months, ahead of schedule and under-budget. The motorway is part of Queensland's larges...
WFS increases Scandinavia presence Today (1 June) Worldwide Flight Services (WFS) is opening a new independent air cargo handling operation at Stockholm Arlanda airport, after signing a long-term agreement with airp...
Apps Transport in Canada renews fleet The Canada-based Apps Transport Group has taken delivery of the first of 17 new Peterbilt 386 trucks the company has ordered. The order represents about one-third of its entire fle...
Transaero increases capacity to Kazakhstan Starting tomorrow (2 June), the Russian carrier Transaero is adding one more weekly frequency on its service from Moscow Domodedovo to Almaty and Astana (both Kazakhstan). The over...
Iata time and temperature sensitive label to become mandatory next month The International Air Transport Association (Iata) has issued a reminder stating that, effective 1 July 2012, the Iata time and temperature sensitive label will become mandatory fo...
New managing director for InterRail Trans Siberian Express Service LLC Eduard Burakhovich is shouldering the tasks of director general of Moscow-based InterRail Trans Siberian Express Service LLC (TSES) today (1 June). He replaces Howard Lamb, who bec...
BNSF plans new investments in North Dakota to maintain and expand rail capacity The US service provider BNSF Railway Company (BNSF) plans to invest an estimated USD 86 million on maintenance and rail capacity improvement projects in North Dakota this year. As ...
DB Schenker Rail sets up new blocktrain concept for Bayer The German service provider DB Schenker Rail has set up a new blocktrain concept that contributes towards optimising production processes of Bayer MaterialScience (BMS), a division...
Anniversary: Logwin celebrates 40 years in Asia Logwin, a Grevenmacher (Luxembourg)-based logistics service provider, opened a branch office in Hong Kong on 30 May 1972. Today the company operates 57 locations in eleven Asian co...
Sato names new sales coordinator for sales partnerships Sato, a global barcode and RFID technology company that focuses on data collection, label printing solutions and EPC/RFID technologies, has chosen Udo Deters to fill the position o...
ModusLink Global Solutions expands facility in Czechia ModusLink Global Solutions Inc, a global leader in supply chain management, has extended the capacity at its Brno (Czechia) solution centre, one of the company's five operational s...
FedEx acquires Rapidao Cometa Logistica e Transportes in Brazil The US integrator and CEP corporation FedEx has acquired Rapidao Cometa Logistica e Transportes SA, its authorised representative in Brazil for eleven years, for an undisclosed amo...
Röhlig: 2011 gave best results in the company's 160-year history Röhlig, the Bremen (Germany)-based, owner-managed logistics company, has posted 2011 as being the most successful year in its history. During its 160th financial year, Röhlig incre...
Cool Chain Association with changes on the board The Cool Chain Association ASBL (CCA) has announced that Sebastiaan Scholte, secretary general of the CCA and CEO of Jan de Rijk Logistics, was appointed chairman of CCA's board of...
Scandlines sells majority of Baltic Sea business to Swedish Stena Line Stena Line is acquiring five ferry routes from Scandlines. They are the Travemünde-Ventspils, Travemünde-Liepaja, Nynäshamn-Ventspils, Rostock-Trelleborg and Sassnitz-Trelleborg se...
Port of Antwerp sets its sights on Turkish cargo Trade will grow as EU's southern neighbour invests in ports
UK rail users slam proposed charges Commodity-based levies could reduce traffic at least 10%, say critics
UPS makes Olympic logistics effort Barges will carry cargo along the Thames to support the London 2012 games
Billions in phantom assets to disappear SEC turns up the heat on companies with overvalued ships on their books
Calculating carrying value The formula explained
A matter of belief The establishment will continue to pull the wool over our eyes with dubious statistics that will make it seem reasonable that UK energy prices are the highest in Europe
Star Bulk confident of funding fleet growth Capesize and supramax owner defies first-quarter predictions as it stays in the black
Sempra forced us to file for Chapter 11, claims B+H Affidavit asserts that company's assets exceed loans even at scrap value
Baltic Exchange appoints new chairman Soanes and Campbell take the helm
Paris court fails to rule on SeaFrance ferries' fate Sources say SNCF is holding out for a better offer
British shipping hails Queen's 60-year reign Chamber of Shipping archives show the strong links between the Royal Family and the UK's maritime community
Offshore rights law raises Arctic tensions Drillers face royalty payments for oil and gas discoveries
Comment: Road to nowhere East and Gulf coast ports' employment contract talks hit deadlock
Owners feel the pinch from 'cyclical but painful' business climate Posidonia: BMA accepts armed guards and highlights regulatory pressures
Your Posidonia 2012 planner Lloyd's List's hour by hour guide to shipping's biggest business meeting
Cyprus passes 'complete' anti-piracy legislation Industry voices satisfaction with law that authorises armed response, but under master's control
Brussels hangs fire against German rescue co-operatives Container Feeder and European Minibulk plan strategic lay-ups to boost rates
Capesize rates at one-year lows Weight of added capacity undermines any market advantages
Oslo port workers and pilots strike Cruiseships re-route to Gothenburg as VTS staff prepare to walk out
Mabanaft buys Bominflot Merger creates one of the world's largest bunker players
Chilean iron-ore exports to double Production could replace falling exports from India and Indonesia
Memory loss Senior box line executives will insist that lessons have been learned and there will be no repeat of last year's price rout, but similar sentiments have been heard before
Ship finance is not beyond hope Posidonia: if asset prices tumble, opportunity in Europe will outweigh the risk
Maersk Line to shed 400 staff Changes on the way at Copenhagen HQ and other key offices
Pitfalls in private security The development of standards for PMSCs is contributing little towards the hundreds of seafarers held hostage in Somalia
Angelicoussis seals financing package for LNG orders Transaction underlines group's ties with banks, says owner
Sanko pushes rehab plan back to July Troubled Japanese owner awaits decision in Western Bulk Carriers' Rule C bid
Dollar rates will protect box lines from euro fall-out Lines monitor events but say their systems could cope
Passage to India Antwerp-Essar tie-up is money well spent
New VLCCs earn $18,000 a day more than seven-year-old ships McQuilling report highlights move towards two-tier market
Scrap's role in Chinese steelmills assessed CHINA is emerging as a major ferrous scrap importer, but this is unlikely to threaten the country's pure steel demand, the Platts SBB Steel Raw Materials Asia conference has heard
Maersk postpones rise MAERSK Line, the box shipping unit in the Danish shipping giant AP Møller-Maersk, said it has put off seeking a peak season surcharge on Far East/northern Europe services by a fortnight
Subscriber notice THERE will be no news bulletins on 2 and 3 July because of the holiday weekend in the UK and the Commonwealth
RINA aims to raise €12M ITALY'S class society RINA said today it aims to raise €12M ($14.85M) from selling shares to its managers
Shin Yang's profits rise MALAYSIA'S Shin Yang Shipping said net profits rose 17% for this fiscal year's third-quarter, driven by better domestic operations and more shipbuilding activity
Keppel bags $560M rig order KEPPEL FELS of Singapore said today it landed a repeat order from Maersk Drilling Holdings for a jack-up rig worth $560M
Malaysian palm oil grower plans huge IPO FELDA Global Ventures Holdings, the world's third-largest oil palm operator, has issued a prospectus for its initial public offering
Saudi contract LPG prices near 2-year low SAUDI Aramco has cut LPG contract prices nearly to a two-year low
Supramax bulker free fall continues in Pacific SCARCITY of Indonesian ore cargoes and China's weak coal and steel demand are continuing to widen the gap in Supramax earnings in the Pacific and Atlantic basins
Cai Mep volumes holding VOLUMES are holding Vietnam's Cai Mep port, even while vessels calls are dropping, Steen Davidsen, general director of Cai Mep International Terminal, told Fairplay today
Sanko rehabilitation stalls SANKO Steamship told its creditors today talks with owners of its chartered-in ships and other stakeholders have delayed its finalising of rehabilitation plans
Maybulk's 1Q profits dive 42% FALLING freight rates have caused Malaysian Bulk Carriers' first-quarter profits to fall 41.7% year on year to 30.9M ringgit ($9.7M)
Japan's Iranian crude imports rebound AFTER a sharp drop in Iranian crude imports in April, Japan appears to have bought more of Iran's oil in May
SCI unveils $78M in losses INDIA'S SCI said it has plummeted to losses of 4.28Bn rupees ($78M) for its financial year (April 2011-March 2012)
Sun rises for Japan's car carriers JAPAN'S exports of cars, trucks and buses more than tripled in April, surging 219.2% year on year. The Japan Automobile Manufacturers Association also noted yesterday that this was the fourth straight month of increase for Japan's vehicle exports
LA-Long Beach Operations Normal Despite Contract Dispute Marine terminal operators in Los Angeles and Long Beach reported Friday that cargo-handling was operating normally despite a contract dispute...
Canada's Trimac Wins $36 Million Shipping Contract Canadian bulk trucking giant Trimac signed a three-year contract worth $36 million to haul limestone aggregate for Hammerstone, a Calgary-based...
WTSA Plans to Boost Rates on Dry Cargo Exports Shipping lines in the westbound Pacific intend to increase their rates on dry cargo exports to Asia by $50 per...
Trucking Employment Rises 3.4 Percent in May Trucking employment increased by about 7,300 jobs in May, a 3.4 percent increase from a year ago, according to Bureau...
Transport Industries Gained Most Jobs in May Transportation and warehousing added 36,000 jobs in May, the largest gain of any industry in a month when only 69,000...
Indiana Governor Slams Senate Highway Bill Indiana Gov. Mitch Daniels, architect of one of the largest public-private partnerships in U.S. history, is attacking provisions of the...
US, Canada to Eliminate Double Air Cargo Screening Shippers are expected to save time and money through the elimination of rescreening cargo on passenger aircraft traveling between the...
What End of CP Strike Means for Shippers, Labor Relations With the end of the Canadian Pacific Railway strike after the Canadian government passed a back-to-work bill on Thursday, there...
Maersk Line Cuts 400 Jobs Maersk Line said it is cutting about 400 jobs at its central management organization as part of a restructuring aimed...
MCC Transport Head Sees Growth in Intra-Asia Trades Volume growth of up to 8 percent is expected on intra-Asia trades this year, helping rates recover during this quarter...
TCEEGE's competion to Izmir gets more serious TCEEGE Container Terminal operating in Aliaga, just outside of Izmir (Turkey), has taken delivery of two ship-to-shore gantry cranes that will enable it to handle ...
Relations sour in USEC ILA contract negotiations Negotiations between the employers' organisation, the United States Maritime Alliance (USMX), and the dockers' union, the International Longshoremen's Association ...
1,000 boat Pageant gets ready to sail On Sunday afternoon, June 3, over one thousand craft will muster on the River Thames at Battersea Bridge to begin a formal procession to mark Queen Elizabeth 11's ...
Hapag-Lloyd to upgrade its USGC-Caribbean link Hamburg-based Hapag-Lloyd is to add a ship and improve its sailing frequency at various ports within its US Gulf coast-Caribbean (GCS) basin shuttle service. The ...
Bananas slip back into Cork The Republic of Ireland's Port of Cork has seen Fyffes banana trade return to the port for the first time since the 1980s, thanks to the re-introduction of Maersk ...
Maersk cuts staff Maersk Line has announced the intention to restructure its global HQ function (Centre) in order to cut costs and speed up decision making. The new Centre organisation ...
SA's trade figures affected by weak global economy The latest data published by South Africa's Customs and Excise department reveal that the crisis in the euro zone, lacklustre economic growth in the US and slowing ...
CMIT sets 'new benchmark for Vietnam' The Vietnamese APM Terminals-managed Cai Mep International Terminal [CMIT] has broken its own crane productivity record and believes that it has set a new standard ...
NAFTA trade smashes record The value of surface trade between the US and its near neighbours broke records in March, rising by 9.8% from the previous month to hit USD85.7 million - the highest ...
Stopford passes the torch Stephen Gordon steps into the driver's seat at Clarkson Research while Guy Campbell takes top title at Baltex.
Du Moulin's dry arsenal Intrepid Shipping's fleet expansion campaign takes shape as CIT returns to the forefront of marine finance.
Crude cocktail with a dry chaser Frontline 2012's product carrier splash could be the first course on a menu that may include bulkers, analyst says.
Greeks in tug tie-up Vernicos Argonaftis and Zouros Maritime form joint venture to minimise costs and expand Hellenic footprint.
EGLE debt drama drags on Shares of Sophocles Zoullas-led bulker owner dive despite waiver extension as payment deadline looms.
Genting HK sells cruiseship Malaysia-based owner offloads vessel on bareboat charter to Norwegian Cruise Lines for $260m.
BLT: restructuring on track Indonesian tanker owner's spin doctors torpedo talk surrounding surprise resignation of turnaround consultant FTI.
Pirate attack foiled Nigerian raiders give up after crew on Greek ship hide in safe room off Lagos.
Economou goes minimalist Billionaire shipowners reveals ambitions, name an enemy and how shipping beats sleeping when times are tough.
Bosses buy into Rina Ugo Salerno-led class society aims to boost capital by EUR 12m through share scheme for managers.
Pallas loss widens Swedish tanker owner's nine-month result hit by aborted acquisition as revenue grows.
Miclyn seals Samson financing Singapore-based offshore vessel owner wraps up $23.4m package with GE Capital.
Scotline acts on access Report highlights danger of ad-hoc entries into cargo holds following fatal accident on Scot Pioneer in Ireland.
Angelicoussis in $1.25bn loan Top owner shows that raising large scale expansion finance is still possible despite Eurozone crisis.
Sanko rescue plan delayed Struggling Japanese company tells creditors meeting that rehabilitation slowed by ongoing talks with certain shipowners.
GC Rieber pens $130m order Oslo-listed offshore vessel owner cranks up subsea involvement with high end vessel from Ulstein Verft.
Vitality caught in spill spat Greek boxship's insurer the Swedish Club says vessel innocent victim in Spanish oil slick case.
Fredriksen holds on to crown John Fredriksen has retained the title as the most influential person in the world shipping industry in TradeWinds Power 2012 list.
Employers: ILA not bargaining in good faith James A. Capo, chairman of the U.S. Maritime Alliance, which serves as the employer group negotiating a new contract with members of the International Longshoremen's Association, is concerned about a lack of "meaningful bargaining."
San Pedro Bay ports offer clean ship incentives Vessels with engines made to the highest emissions standards will be eligible for rewards of up to $6,000 per visit at the Port of Long Beach as part of an ongoing effort to reduce air pollution. L.A. implemented its program in May.
CP strike ends, begins to resume service Legislation ordering 4,800 workers back to work was passed on Friday by Canada's Senate and CP told shippers that their cargo will begin moving and intermodal terminals are resuming normal hours.
Maersk Line to cut 400 jobs The job cuts, which come four years after Maersk last shed jobs, will occur in mid-June at its various central global offices, including 250 at its Copenhagen headquarters. Other cuts will happen in London, Singapore, Mumbai, Pune, and Manila.
Annual shipping earnings to fall on high bunker costs Report stated container lines look set to bet hardest hid by fuel costs.
Bunker prices down in the Americas as week closes Demand was light on the US Gulf, according to a local supplier.
Alaska senator concerned by ECA effects on shipping costs Senator told by industry executives that ECA may result in a 25% rise in shipping costs.
'Are you ready for 2015?' theme sparks debate Without level playing field, owners are not going to risk their capital in meeting the regulations, says speaker.
New attack on sulphur regulations Industry lobby 'deeply regrets' the latest EU moves.
Fujairah prices fall for sixth consecutive trading day IFO prices in Middle East hub at lowest level for almost a year.
Bunker prices drop by double-digits in Rotterdam IFO products showed the lowest average since October, 2010
Bomin becomes one of 'world's largest bunker companies' Merged company has acquired 'critical mass'.
Singapore sees 'rare shortage of high-density' cargoes Players reluctant 'to give away value' by using the higher-quality materials for the bunker market.
LR explains scope of Product Verification Scheme 'Ship management is bombarded with products which appear to be able to solve problems at low cost and with minimal effort.'
LNG bunkering: 'No big future before 2020' Next five years will be about 'very, very efficient engines' for heavy fuel.
Asia bunker markets see double-digit price falls Supplies of marine fuels fine.
Singapore bunker supplier 'in liquidation' Prestige Marine has been declared 'in liquidation' by a local authority.
Malaysia-based shipping firm posts 43% increase in profits Uncertain charter rates and bunker costs remain challenges.
Investment decisions a 'headache' for shipowners Rising bunker prices, new technologies and emissions framework 'giving shipowners a headache', says LR spokeswoman.
ITCL records slightly wider Q1 losses Due to 'weak' VLCC spot market and fuel consumption issues with the VLCC Ulriken.
The importance of accurate fuel efficiency measurement Between regulatory pressures to reduce the carbon footprint of ships and historically high fuel prices, the impetus to reduce fuel consumption has never been stronger.
Titan 'relieved' of charter burden Termination of five charter agreements will relieve the company of 'the financial burden' of paying $15.3 million of charter fees, it says.
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