GATX enters India's rail wagon leasing market Chicago IL (USA)- based GATX Corporation has entered India's marketplace via its Indian subsidiary GIPL, with the purchase of ten newly manufactured rakes, each consisting of 45 c...
Gefco CEO to retire in July Yves Fargues, current CEO of the French transport service provider Gefco, has decided to retire on 1 July, according to a company press release issued on 4 June. There will be a me...
KLM Cargo awarded platinum status in Cargo 2000 quality programme KLM Cargo has been awarded platinum status in the Iata Cargo 2000 quality initiative. The award highlights KL...
India's customs authority 32nd to go live on Champ's global customs gateway Luxembourg-headquartered Champ Cargosystems, a provider of integrated, business-critical IT solutions for all players in the air cargo transport chain, announced that carriers and ...
Loxx adds new general cargo station in UK The German transport and logistics service provider Loxx is operating additional general cargo services to Stoke-on-Trent (UK) from this month (June), in partnership with the UK-ba...
Wim Bosman Belgium goes multimodal Wim Bosman Belgium and its Italian partner Sittam have started offering a road/rail transport service between Belgium and Italy. Shipments are hauled by rail between Zeebrugge (Bel...
CMA CGM introduces largest feeder vessel into Russia service The "John Rickmers" with a 1,858 teu capacity, is the largest feeder vessel that is deployed in the North Continent-St. Petersburg feeder service. The vessel is operated ...
26 Chinese ports handle more than 100 million t per annum The number of Chinese ports to handle more than 100 million t per year has increased to 26. According to the Chinese ministry of transportation Ningbo-Zhoushan is the No. 1 port wi...
7% fuel savings with Freightliner's new Cascadia Freightliner Trucks, a division of Daimler Trucks North America, has introduced a new version of its flagship Cascadia. The new truck model will be 7% more fuel efficient than most...
Two fatal crashes in West Africa this weekend, one involving a freighter Aviation Safety Network has reported that a Boeing 727-221F cargo plane left the runway on landing at Accra-Kotoka airport (Ghana) on 2 June...
Hansa Treuhand mourns board member Sönke Fanslow The Hamburg (Germany)-based shipping group Hansa Treuhand is mourning the death of its board member Sönke Fanslow, who died, after a short, serious illness on 23 May, aged 42. Fans...
Gazeley purchases land for logistics property near Stuttgart The global logistics property developer and investor Gazeley has purchased a 4 ha plot of land near Stuttgart (Germany). The strategically located site, which is the largest immedi...
Kerry Logistics wins contract from Continental Tyres in Thailand The global logistics service provider Kerry Logistics has been awarded a major new contract by Continental Tyres (Thailand) Co Ltd to manage the company's warehouse storage and man...
Miebach Consulting: Thomas Mathives takes over after sales market department Miebach Consulting, an international logistics and supply chain consultancy based in Frankfurt (Germany), chose Thomas Mathives to head its after sales market department that serve...
A tale of two bail-outs China and South Korea raise state funds for distressed shipping firms
Challenging withholding of consent A recent High Court decision offers helpful guidance on the principles to be applied to a commonly used qualification to commercial contracts
West of England P&I Club and Gard put members first Gard reduces deferred call while West of England celebrates lowest member claims in 10 years
NEL trims loss after axing staff Greek ferry operator still in the red despite shedding 200 jobs
Sub-panamax boxships lose their gloss Cascade effect will see smaller tonnage struggle to survive
Europe slips 'into deeper recession', warns Global Port Tracker First-quarter box import data reveals dip in demand
Shipyards' eco designs are a marketing gimmick, say owners Builders need the orders but shipping needs no new tonnage, say critics
China to liberalise crude oil imports Allowing non-state-owned refineries to buy in could boost VLCC demand
Diana Containerships prepares for bigger payouts Nasdaq-listed owner set to declare $0.30 per share for second quarter
Investors out of step over timing Posidonia 2012: experts disagree over when to buy into shipping
Marco Polo Chapter 11 case heads towards its close Banks to repossess six tankers after global settlement approved
New bulker port proposed for West Africa Exxaro says converting Pointe Noire to handle ore might be too difficult
New technologies and shifting trade make the future uncertain Posidonia 2012: Wiernicki outlines the factors shaping tomorrow's supply and demand
DNV forecasts changing fuel use Posidonia 2012: Study flags huge increase in distillate and LNG fuels by 2020
Hamburg warned over slowing exports to China City state would suffer 'serious negative consequences' from a Chinese economic crisis or policy change, says study
Cosco extends olive branch to Vale Both sides want to resolve conflicts rather than 'attacking each other', says China Shipowners' Association
Platou predicts shipping industry recovery in 2014 Short-term outlook for bulkers remains poor
Harsh lessons Companies that do not learn from history are condemned to repeat it
Chinese ports' growth rate slows Shanghai International Shipping Institute reports cargo throughput and box volumes both weaken in first quarter
Sleeping with the enemy Shipyard: part of the problem and part of the solution
New Russian export scheme leaves aframax brokers guessing Ten June cargoes still up in the air in Gulf of Finland
Coscon follows Hapag-Lloyd with July Asia-Europe rate rise Lines press ahead despite postponed peak-season surcharges
TEN and HHI sign LNG pact Maria Energy is the most expensive vessel that Greek owner has ordered to date
Two become one to launch SEA Europe Lobby groups CESA and EMEC agree to merge
Shanking? No thanks Bankers are a problem not a solution for beleaguered shipping industry
Deutsche Post DHL to pay $642m backdated tax Bill for additional value added tax covers 12 years' postal services
Greek owners ponder refuge options Posidonia 2012: Exodus to Vancouver, Dubai, London or Singapore if crisis deepens
SCI halts new orders this fiscal year India's biggest shipping group consolidates box services
Maersk Drilling wins $610m drillship contract First of quartet of ultra-deepwater vessels headed to Gulf of Mexico
Eidesvik orders its most expensive ship Norwegian firm buys $165m Arctic subsea vessel
Shale gas potential touted EXXONMOBIL CEO Rex Tillerson said today that the world should learn from North America's shale gas revolution in exploring unconventional gas resources
Liquefaction capacity drives LNG STRONG growth in LNG demand is possible because global liquefaction capacity is rising worldwide, said Royal Dutch Shell CEO Peter Voser today
US Container Imports Fell 2 Percent in April U.S. containerized imports in April fell 2 percent from a year earlier as slowing economic growth reduced demand for consumer...
Senate Offers Transport Bill Compromise to House Senate leaders have offered a surface transportation bill compromise to House Republicans but Sen. Barbara Boxer is keeping quiet on...
Global Port Tracker Forecasts Deeper European Recession The slowdown in container volumes handled by ports in northern Europe indicates the continent may be slipping into a deeper...
DHS Releases New Canadian Border Security Strategy The U.S. Department of Homeland Security on Tuesday released its Northern Border Strategy, which provides a framework for DHS security...
Deutsche Post DHL to Pay $645 Million in Back Taxes Deutsche Post DHL has been ordered to pay 516 million euros ($645 million) in back taxes to the German government...
Echo Global Logistics Buys 'Purple Plum' Brokerage Echo Global Logistics acquired the assets of Plum Logistics, a refrigerated truckload freight brokerage in Wakefield, Mass., doing business as...
Roadrunner Transportation Acquires CTW Transport Roadrunner Transportation Systems strengthened its truckload division by acquiring CTW Transport, a refrigerated food hauler in Peabody, Mass. Cudahy,...
Alphaliner: Most Container Lines to See Second Quarter Losses The majority of ocean container carriers will lose money in the second quarter following their failure to fully implement rate...
FedEx to Retire 24 Aircraft as US Demand Slows FedEx plans to retire 24 aircraft and shortened the depreciable life of 54 older aircraft, as the parcel giant works...
Transport Corp. of India Profit Up 19 Percent Transport Corporation of India said its net profit rose 19 percent year-over-year to $10.8 million on a consolidated basis in...
Air Freight Back to Pre-Flood Levels at Thai Gateway The Thai economy's key role as a component supplier for electronic and auto sectors has not been diminished following last...
Hapag-Lloyd to Hike Rates on Major Trades Hapag-Lloyd plans to implement a new round of general rate increases on major trade lanes, starting July 1. The...
COSCON plans July 1 price hike COSCON is the latest carrier to announce a round of rate increases on the Asia-Europe trade as it looks to raise its prices to more sustainable levels that allow ...
Old ships are compromised Bertram Rickmers, chairman of Rickmers Holdings, has said that a completely new generation of container vessels is needed and that older ships were less attractive ...
CMHI on track Despite what is proving to be a lacklustre second quarter, Dr Fu Yuning, chairman of China Merchants Holdings (International) (CMHI), the Hong Kong listed port ...
Daggett accuses Capo of personal attacks The stand-off between the International Longshoremen's Association (ILA) president Harold Daggett and James Capo, chairman and ceo of the United States Maritime ...
MCI steps up its reefer production MAERSK Container Industry (MCI), which is a leading manufacturer of reefer containers and machinery, has doubled the production of its Star Cool units in a little ...
ILA president accuses USMX of divide and conquer "I am very disappointed that you chose to engage in personal attacks against me, the ILA's Chief Labor Negotiator," wrote ILA President Harold Daggett in a letter to James Capo, CEO of the U.S. Maritime Alliance.
NYK raises capacity on intra-Asia loop The ocean carrier NYK has raised capacity on its weekly Japan to Southeast Asia TWX loop by increasing the size of the vessels by almost 50 percent, from 1,091 TEUs to 1,613 TEUs.
Jaxport to examine offer by UAE company Jacksonville Port Authority's board of directors has reportedly scheduled a special meeting for Thursday to discuss a proposal by Gulftainer Co. Ltd., based in the United Arab Emirates, to lease port acreage.
NYK/Hapag amend LA-Mexico-C.America loop
Maersk raises Brazil-to-Americas rates
NVOs bear higher rate hikes on TP
Roadrunner buys trucker
U.S. seeks alternatives to rare earth material supply The U.S. Energy Department will invest up to $120 million during the next five years to establish a new Energy Innovation Hub that will focus on developing an effective supply chain for rare earth materials.
Shipping sector calls for innovative ship designs Current market environment requires innovative thinking, strategies and investments in R&D to create the foundations for a new generation of shipping infrastructure.
Prices soften in Middle East hub Still no IFO quotes in Cape Town.
Europe bunker prices end seven-day slide 'Very quiet' market in Hamburg.
Bunker supplier seeks arrest of bulker Allied Maritime at centre of fresh dispute.
Poor Q1 results for Minoan 'Stabilisation of fuel costs at record high levels has had unfavourable effects.'
Airline boss points to shipping as worse polluter 'If you look at what ships do in terms of CO2 emissions it's incredible,' says managing director of KLM.
IFO prices soft in most Asian hubs Good avails of bunker fuel in major ports.
Bunker supplier seeks 'voluntary wind up' Prestige Marine Services is seeking to wind up voluntarily, says largest shareholder.
'Fuel switching' key element in bulk carrier design Multiple fuel tanks will allow for 'strategic purchasing of heavy fuel oil, low sulphur fuel and distillates.'
Malaysia-Singapore oil operations 'could surpass' Rotterdam Malaysia and Singapore could form a hub, similar to the ARA, says Executive Chairman of Dialog.
China's SHFE sees 'zero transaction' in fuel oil futures trading All eight fuel oil contracts on SHFE failed to attract bidders.
July deadline for EU review of Grindrod and Vitol merger Vitol will take 50% interest in Cockett's Singapore and South Africa operations after merger.
Lower bunker prices helping box carriers margins in Q2 First quarter operating margin 'worst' for the industry since 2009.
Greek shipping firm receives fuel-saving bulk carrier The Aquila, equipped with a Mewis Duct, consumes 14% less fuel than similar vessels.
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