Baltic dry index slips but may signal reversal The Baltic Dry Index, a measure of commodity shipping costs, extended a 25-year low even as hire costs for some shipments to China gained.
CargoNet to launch new intermodal shuttle in Norway Freight operator CargoNet is to launch a shuttle service to transport containers and semi-trailers between Kristiansand and the recently-opened Ganddal terminal near Stavanger (bot...
ERTMS/ETCS between Ankara and Istanbul Ansaldo STS has signed agreements with the Italo-Turkish joint venture, Salini-GCF-Kolin, to supply rail signalling, automation and telecommunications systems for the Gebze-Kosekoy...
IJS Global with Hong Kong-based new head of ocean freight IJS Global, a worldwide logistics service provider, has appointed Sven Boekhorst as its head of global ocean freight and executive vice-president. He reports directly to CEO, Sjoer...
New DAF factory in Brazil Construction work on a new DAF assembly plant in Ponta Grossa (Brazil) has started. The USD 200 million facility is due to be completed in 2013. Once finished, it will produce DAF ...
US trailer industry strong in 2011 and 2012 promising The USA's commercial trailer sector ended 2011 on solid footing and is well positioned for the third year of growth in the current cyclical recovery. Net orders for total trailers ...
Cargo flight operated between two facilities managed by SNC-Lavalin Airports The global transport specialist Flytrans recently chartered an Antonov 12 to fly an MRI unit on behalf of the Mayotte Health Centre from Paris-Vatry airport to Mayotte Dzaoudzi. Fl...
Record year for Transaero Airlines Transaero Airlines has announced record operational results for 2011. They indicate the company's stable development with rates considerably exceeding the industry average. Transae...
Air Cargo Group boosts trade lane capacity to/from Australia and South Africa Neutral airfreight wholesale specialists, Air Cargo Group, expects to be well positioned to play a major role in the Australian import and export neutral wholesale consolidation ma...
MOL changes agent in Turkey With effect from 1 February, Ocean Maritime Services Shipping Agency Tourism and Trading (OMS), Istanbul, took over responsibility for all MOL agency activities in Turkey. Ocean Ma...
Hertzog & Partner: Hans Sohnemann retires Elmar Hertzog und Partner Management Consultants GmbH has reported that Hans Sohnemann, its partner and long-serving manager of the Hanover branch office, retired on 1 February af...
Lehnkering: COO of chemical manufacturing services steps down Ingo Freyaldenhoven, the chief operating officer (COO) of Lehnkering's chemical manufacturing services division, left the company on 1 February at his own request. His departure is...
SBS Worldwide appoints new general manager for its northern UK business International supply chain solutions provider SBS Worldwide has appointed Lee Hackney as general manager of its northern UK business. Hackney, who will be based in Manchester, will...
Rhenus Midi Data brings know-how to the Rhenus group The Rhenus group (Germany) has enlarged its service portfolio by taking over the European activities of the logistics service provider Wincanton. The latter's former high-tech divi...
Kuehne + Nagel and Roche: new eco-friendly transport solution The global pharmaceutical corporation Roche has awarded logistics contracts for Greece to Kuehne + Nagel. The two companies have jointly developed an environment-friendly logistics...
Pan Emirates partners with Barloworld Logistics Pan Emirates, a regional brand in home furniture, accessories and decor retail, has partnered with Barloworld Logistics to offer greater value to its customers across the GCC state...
Carriers set new record for schedule reliability Container service reliability reached a new high in Q4/2011 with an on-time average of 69% across all the trades covered by Drewry's recently published Schedule Reliability Insight...
West Africa suezmax daily earnings dip below $20,000 for first time in six weeks Charterers drip feeding cargoes into the spot market have left owners scrambling for work
One man is not an island It is troubling how eager we are to vilify one man rather than contextualise his actions and consequently confront any system as a whole
Falling asleep is the stuff of nightmares New study proves that tired seafarers put themselves and their vessels at risk
KG fund Emstor files for insolvency Failure is latest in a series of insolvencies of funds from the Leer-based GHF stable
US sanctions leave room for manoeuvre Waivers for countries that show intent to reduce imported Iranian crude
Iran conflict rubs salt in tanker industry's wounds Hormuz Strait closure may be less of a threat than fragile global demand
How staying neutral keeps a rail freight provider on the right track As a third-party supplier of container trains, DB Schenker has to tread carefully when dealing with UK ports
Wilhelmshaven to offer boxships a 70% port dues rebate The deepwater, four-berth Eurogate Container Terminal Wilhelmshaven is set to open in August
Armed guards' insurance cover needs greater clarity Shipowners could be liable for PMSCs that lack adequate or correct cover
SCFI dips as box lines seek to double Asia-Europe freight rates Carriers press for price increases of more than $700 per teu
ITF to launch Asia inspection blitz Del Monte-operated ships to be targeted
Larger handysize sector faces tonnage glut Orderbook for ships in top-end of vessel class close to 50% of fleet
Capesizes dodge the worst of the dry market meltdown Rates edge sideways as brokers look to mild improvement in February
Höegh exercises option for third FSRU as LNG demand rises Analysts expect a fourth order to follow
French public prosecutor announces investigation Over 500 passengers now part of Costa Concordia class action in US
PetroChina buys $1bn stake in Shell's Canadian shale gas business Deal boosts North America export prospects
Stabilisation of dry bulk asset values is imminent Chief executives agree secondhand and newbuilding prices cannot go much lower
HCI Capital tops KG league KG house raised $76m for shipping funds last year
Hapag-Lloyd sale could be completed within weeks Talks between Tui and the Hamburg-based Albert Ballin consortium are at 'advanced stage'
Electronic pay firms woo seafarers away from wage packets US firm SeaPay opens office in Liverpool to target European owners
Glencore merger with Xstrata would threaten bulk trades $80bn titan would firm its grip on a market plagued by overcapacity
Australia plans national maritime law Act would replace eight sets of laws
US Senate committee approves tougher sanctions against Iran Shipping under scrutiny as US puts the squeeze on Tehran
DFDS and Louis Armateurs set Dover-Calais launch date Norman Spirit to be switched from DFDS Dover-Dunkirk service, with a second ship to be added 'in due course'
Money's too tight to mention Financial sector still has duties to the real economy
DSME slumps in fourth quarter But yard still fares better than peers
LNG export race speeds up CANADA'S National Energy Board has approved a second LNG export license in British Columbia, IHS World Markets Energy reported today
40 seafarers icebound THREE ships carrying a total of 40 mariners today are spending their third day trapped in ice in the Sea of Azov, Ukraine's emergencies ministry said
Port Everglades box transfer facility approved FLORIDA officials have approved a 30-year lease for a $72M container transfer facility at Port Everglades
Iran sanctions gain bipartisan US support SANCTIONS legislation against Iran is moving swiftly and co-operatively through a US Congress more typically mired in partisan rancour
Sietas order salvaged DUTCH marine services group Van Oord today renewed its order for a 6,500dwt wind turbine installation vessel at Hamburg's Sietas yard
Restis closes Seanergy injection THE RESTIS family has injected $10M into NASDAQ-listed Seanergy, and the drybulk company has finalised loan amendments from Marfin Egnatia Bank
Box sector's reliability seen at new high CONTAINER service reliability reportedly reached a new high in the final quarter of 2011, with an on-time average of 69% across all trades
Liverpool cruise row ends LIVERPOOL is set to become a cruise turnaround port under an agreement with the UK government
Canadian oil plan agreed CANADIAN National Railway and its locomotive engineers have reached a settlement to end a five day strike
Dover/Calais date unveiled DANISH ferry operator DFDS and France's LD Lines said today they plan to launch their new Dover/Calais service on February 17
Iran-bound ships diverted UP TO five ships carrying 400,000 tonnes of grain to Iran have reportedly been diverted to new destinations because EU sanctions are holding up payments
WA seeks ports shuffle MAJOR Australian mining companies will have less say in operating Western Australia's ports under changes sought by its government
VLCC booked for six months AET TANKERS has apparently beaten the VLCC spot market, after its Eagle Valencia was booked by Venezuelan oil company PDVSA for $30,000 per day for six months
Drybulk 'reality' seen lagging SHARP recent drops in drybulk rates have sunk the BDI, but this has not been reflected in share prices of listed bulker companies, broker sources have noted
Slower demand growth seen for nickel ore SINGAPORE securities group UOB Kay Hian warned today that nickel ore demand growth might slow this year
Port Drivers Step up Pressure in Seattle Some operations at the Port of Seattle are feeling the impact of a push by harbor truck drivers for changes...
Demand for Trailers on the Rise, Survey Says Transport operators may be planning to purchase more trailers in the first quarter of 2012, as stronger than usual freight...
Shippers Deliver 'Pro-Trucking' Message to Congress About 170 shippers participating in a "fly-in" to deliver a pro-trucking message to Congress Feb. 1 arrived just as House...
Crowley Names Ayala to Head Puerto Rico Trade Crowley Maritime promoted Jose "Pache" Ayala to vice president for the Puerto Rico trade. In his new role,...
ODFL Profit Rises 84 Percent, Revenue Nears $1.9 Billion Old Dominion Freight Line increased its profit 84.4 percent in 2011 to $139.5 million, while revenue rose 27.1 percent to...
EGT, ILWU Terminal Agreement on the Horizon EGT recognized the Longshore and Warehouse Union Local 21 as the bargaining representative for workers at the new grain export...
Transport Industry Helps Drive US Unemployment Down Transportation and warehousing were among the industries that contributed to the creation of 243,000 jobs in January, pushing the unemployment...
Ryder Boosts Earnings 30 Percent, Adds Rental Capacity Acquisitions and internal growth in all business segments boosted fourth-quarter and year-end profit and revenue at supply chain giant Ryder...
Maersk Sells Chassis-Leasing Subsidiary Maersk Inc., the U.S. arm of the A.P. Moller-Maersk Group, agreed to sell Direct ChassisLink, its chassis-leasing subsidiary, to the...
OOCL to Hike Westbound Asia-Europe Rates $800 OOCL announced Friday it will increase freight rates $800 for westbound cargo on Asia-Europe services March 1, joining other carriers...
Report Says China Logistics Demand to Grow 9 Percent The need for refrigerated and express supply chain services will help drive overall Chinese demand for logistics services up 9...
China Manufacturing Index Expanded in January Chinese manufacturing sector expanded in January, allieving some fears that the country is headed for a hard economic landing as...
Landstar Profit Rises 35.3 Percent on 'Strong' Demand Landstar System's fourth quarter revenue rose 22.1 percent to $717.5 million, powered by a significant increase in freight volume and...
JAL Reports $1.9 Billion Profit After Exiting Bankruptcy Japan Airlines posted a $1.92 billion net profit of on a consolidated basis in the first nine months of fiscal...
House Committee Approves Five-Year Transport Plan Members of the House Transportation and Infrastructure Committee voted 29-24 to approve the five-year $260 billion American Energy and Infrastructure...
Con-way 2011 Profit Soared 22-Fold to $88.4 Million Trucking and logistics giant Con-way roared back from the recession last year as its net profit skyrocketed 22-fold from $4...
Container Imports Rose 3 Percent in 2011 Rising shipments of auto parts and recovering demand for furniture pushed U.S. containerized imports up 2.4 percent in December, capping...
A New Ceiling From the Factory Floor Hyundai's car plant in Montgomery, Ala., is running at 110 percent of official capacity. Deere and Caterpillar report double-digit sales...
Operation Slow-Go The announcement from Japanese carrier "K" Line of a $173 million operating loss on container shipping in the December quarter...
No Seal, Raw Deal Q: We're a broker who had a customer move a shipment from a U.S. origin to a Canadian destination, using...
Coastal Shift - Not! Over the past five years, there's been no maritime cargo industry topic more obsessed over than the impact of the...
Court to Decide Ambassador Bridge Owner's Fate A Michigan Court of Appeals panel is expected to decide sometime next week whether Ambassador Bridge owner Manuel "Matty" Moroun...
FDA Blocks 20 Shipments of Imported Orange Juice The Food and Drug Administration blocked more shipments of orange juice from entering the U.S. and found traces of an...
Portland expects box boost from revamped HL/HS service The US west coast port of Portland is expecting a significant hike in its box traffic as a result of the decision of Hapag-Lloyd and Hamburg Sud to co-operate on ...
APM T's MAGNUM Graduates will spearhead its emerging economies strategy APM Terminals is hoping that the latest graduates to emerge from its MAGNUM advanced management training class will reinforce its investment strategy in the developing ...
Dar es Salaam benefits from improvements The Tanzania Ports Authority (TPA), which throughout last year increased the wharfage line for containerships being handled ay Dar es Salaam, recently announced ...
HMM introduces new bunker surcharge Hyundai Merchant Marine intends to introduce a supplementary bunker surcharge in the tradelane between Asia and Europe with effect from March 1, 2012. Called a ...
70-up for INTTRA's Alliance Network That is the number of information solution providers that have now joined the Parsippany, New Jersey-headquartered INTTRA's, Alliance Network - with 12 new like-minded ...
Overseas expansion helps Aramex Dubai-based Aramex, a provider of global logistics and supply chain management solutions, has posted higher turnover and profits in its fiscal year 2011, which ...
Indian, Chinese and Japanese navies join forces to fight piracy In an endeavour to combat the threat of piracy in the Gulf of Aden and Indian Ocean, the navies of India, China and Japan have formed an alliance to carry out 'co-ordinated ...
China: we may help the eurozone At a news briefing in Beijing yesterday, conducted by Chinese Prime Minister, Wen Jiabao and visiting German Chancellor, Angela Merkel, it was suggested by the ...
Kuehne + Nagel improves reefer service Switzerland-based Kuehne + Nagel has acquired the Australian reefer cargo specialist Link Logistics International for an undisclosed sum. The privately owned forwarder ...
Ships for free Zero charter rates confirmed today as dry-cargo pain intensifies.
Engineer breaks leg DS Agility officer fell through hatch into engine room while vessel was transiting Kiel Canal.
McQuilling storms Brazil Diversified US brokerage taps Petrobras talent to lead latest Rio de Janeiro invasion.
Saved by frying pan Last crewman taken alive from Costa Concordia whacked windows with kitchen equipment to alert rescuers.
Precious hit by poor rates Khalid Hashim-led owner has full year income cut by the weakening dry cargo market.
Kirby high on petrochemicals US oil products output pushes barge owner to another earnings record.
What shipbroking is all about Costa Concordia just a "rare anomaly," law abiding miners, plotters brought to justice and long waits at the barbers.
Korean funds on buying spree Marine ministry authorises three investor groups to purchase eight boxships and bulkers for charter to HMM, SK and Sinokor.
Total scrap record to topple Braemar tips 2012 demolition derby to outrun the historic high set in 1985.
Captain tops up TEN holding Greek magnate buys up an additional $5m worth of stock in New York-listed tanker owner.
French start Concordia probe Paris prosecutor's office to investigate claims filed in France over the cruiseship disaster.
MES sees better times Japanese shipbuilder reports lower earnings but still sees full year improvement.
Cape armada fights rates fall Ofer and Angelicoussis head the list of owners standing firm and refusing to fix bulkers at basement levels.
Container lines announce hike in freight rates COSCO Container Lines alters Bunker Adjustment Factor charge to Indian subcontinent, North-West Europe and the Mediterranean.
Rotterdam sees fewer VLCCs load fuel oil The fuel oil mainly comes from Russian refineries, with part of the surplus used as bunker fuel on the Rotterdam bunker market.
Week ends with mixed prices Demanded was mostly busy on Friday, according to players.
Case study shows Rena spill cost could have been reduced by 50% Report suggested that use of a fast oil recovery system (FORS) could have reduced the cost of this incident by as much as 50%.
Port of Antwerp releases sustainability report The port said it aims to be the sustainability leader in the Hamburg - Le Havre regions.
IMO meeting wrestles with black carbon Correspondence group to develop definition, consider measurement methods and collate information on control measures.
Neste Oil underlines belief in renewable fuels market Finnish oil major pledges to ramp-up its renewable fuels business in 2012.
Dry bulk carrier chartered for 'no fee' 'It is a sign of how desperate the sector is,' says analyst.
Prices falling in key European ports Poor bunker demand in Rotterdam.
Sharp price falls in Fujairah Bunker products in Durban 'subject to availability.'
Fuel oil demand pushes up value of heavy crude Refiners seeing stronger returns from fuel oil production.
BLG chairman re-elected Oftedal of Norway will head IMO sub-committee for another term.
EU sulphur decision postponed Environment committee will meet later this month.
CEO pays tribute to Nuvit Varol Founder of Bridge Oil Istanbul 'radiated real friendship.'
Bunker prices falling in Asia Mixed demand in Asia ports on Friday.
Sinopec supplies bunkers to Indonesian firm Sinopec supplies bunker fuels to a Pertamina newbuild product tanker at Taizhou port in Zhejiang province.
Kirby closes 2011 with record earnings Q4 results reflect 'continued favourable' US petrochemical production and strong export market.
Policy think tank welcomes incentive for cleaner fuels switch Initiative will 'directly reduce' harmful impacts of shipping emissions, says Civic Exchange.
Genmar files reorganisation plan The New York-listed tanker firm could emerge out of bankruptcy as early as April.
Slight increase in South Korean bunker stocks Hyundai Oilbank to produce more bunkers in February.
Bunker supplier loses appeal on $13 million case Singapore high court dismisses Prestige Marine's appeal against a decision made in favour of Marubeni.
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