US bid to sanction Iran oil, tankers may bite buyers A US proposal to sanction Iran's state-owned oil company and its main tanker fleet may ensnare any person or business in the world involved in purchasing or shipping Iranian oil.
Venice rebels against cruise ship intrusions It's a matter of perspective. From aboard a 12-deck cruise liner, the sight of St Mark's Square, the Doge's Palace and Bridge of Sighs gliding past from a cabin balcony is a breathtaking thrill.
Norden hires Supramax ship at zero cost D/S Norden A/S, Europe's biggest publicly trading commodity shipping company, hired a Supramax vessel at no cost other than fuel charges, its first such transaction in a quarter century.
Etihad: temporary frequency increase to Sydney From today (6 February) to 9 April 2012, UAE-based Etihad Airways is increasing its Abu Dhabi (UAE) - Sydney service from eleven to 14 per week. The additional three flights are op...
Forwarder Hans Dieter Süssmilch expands fleet The German forwarding company Hans Dieter Süssmilch, based in Dannenberg (Lower Saxony), has expanded its fleet by putting five new 460 HP Renault Premium Route trucks into servic...
Canadian Pacific streamlines locomotive repair system The rail service provider Canadian Pacific has completed the capital investments made to enhance the Locomotive Reliability Centre (LRC) in Toronto. This now completes the second p...
Germany posts airfreight record in 2011 The volume of freight traffic in Germany grew substantially in 2011. According to provisional figures compiled by the country's statistical office (Destatis) freight transport jump...
Estonian railway tests new freight locomotive E.R.S, Estonia's largest railfreight transportation company, is testing the GE Evolution TE33A diesel locomotive, a new generation engine providing savings in operational expenses ...
Trucks of 10 t and over now able to travel in some Bulgarian districts Trucks of 10 t and over are now allowed to travel in Bulgaria's eastern districts of Dobrich, Varna, Burgas and Silistra, according to Bulgaria's Road Infrastructure Agency. Tempor...
Braemar announces new regional director for Americas Braemar (incorporating The Salvage Association) has appointed Richard Gayton as regional director, Americas. He will be responsible for strengthening and growing Braemar's surveyor...
New regional vice-president Americas for Virgin Atlantic Cargo Marie Epstein has been promoted to the position of regional vice-president sales - Americas by Virgin Atlantic Cargo, based in New York. Epstein was formerly the airline's regional...
Construction work starts on Rail Garant Container Terminal in Muuga Construction work has now started on the new container terminal in Muuga (Estonia). The facility is expected to handle the first ships in Q1/2013. The operator of the new Muuga Con...
Björk.Eklund Group changes its name to Greencarrier AB The Björk.Eklund Group changed its name to Greencarrier AB with effect from 1 February 2012. Previously the Greencarrier name had only been used by companies that formed part of Gr...
Damco with new managers in Asia Damco, a supplier of forwarding and supply chain management solutions, selected Henriette Hallberg Thygesen to be its CEO North Asia region and Richard Morgan as CCO North Asia reg...
Servisair Cargo and Kenya Airways join forces at Heathrow Servisair Cargo and Kenya Airways have signed a multi-year agreement for cargo handling services of Kenya Airways' (KN) cargo at London Heathrow (UK). The contract includes the pro...
Logwin inaugurates new warehouse in Beijing Logwin, a global logistics service provider based in Luxembourg, now offers its new "red carpet logistics" service in Beijing (China). To this end, Logwin has opened a storage faci...
Kuehne + Nagel buys Link Logistics in Australia The Switzerland-base logistics giant Kuehne + Nagel has agreed to take over the specialised Australian freight forwarder Link Logistics International Pty Ltd. The acquisition ...
Norbert Dentressangle 'clicks' with House of Fraser Following a six-way competitive tender, the UK-based House of Fraser has appointed Norbert Dentressangle as its multi-channel fulfilment partner. The new contract recognises Norber...
Lazard and Evercore seek Torm private equity investor Distressed debt specialist Oaktree has been approached, say sources
Chevron targets Almi Tankers' fuel-efficient VLCCs Deal would end Greek owner's plans to swap two contracts for one LNG carrier
Drillship owners could face 'deluge of supply' in 2013 as record orderbook delivers Lack of transparency over contract activity means outlook for offshore sector is unclear, says DVB
Increasing Atlantic-Asia demand boosts VLGC tonne-miles Record Saudi LPG prices drive Asian buyers to West Africa
Geden sells MR tanker for 30% less than sistership deal last year Turkish owner achieves $30m for 2009-built vessel, down from levels Navios paid in June
Asia-Europe box growth stalls Fourth quarter shows small fall
Ocean Rig charters Leiv Eiriksson for up to $650m Economou sees 'strengthening market' for ultra-deepwater rigs
Nisshin Shipping sells panamax bulkers for $31m en bloc Deal highlights price fall from boom years when it sold three similar ships for $214m
Chinese investment ensures more tonne-mile demand West African iron ore destined for Chinese steel mills
West Africa boom beckons shipowners Iron-ore rush opens new opportunities for dry bulk shippers
Demolition rates return to levels over $500 per ldt Strengthening Indian rupee and firm domestic prices push up breakers' offers
Australia Shipping urges box rail upgrades for Sydney and Melbourne Move aims to cut ports' reliance on trucking
Regional regulation debate continues Parties still undecided as to whether the EU or IMO should lead new greenhouse gas rules
Feeder lines must learn to stand together The feeder market mirrors the state of the specialised reefer industry. Both face fierce competition from box lines and both have to react decisively
Wärtsilä on way to becoming largest maritime supplier Acquisition of Hamworthy gives company access to complementary technologies, as well as a door into offshore industry
Two new hull coatings launched International Paint targets the newbuilding as well as repair and maintenance markets with products based on silyl acrylate
NW German ports plan more capacity GERMANY'S northwestern ports are seeking more investments in cargo handling, berth and warehousing capacity for offshore wind farms, a port management company said today
Box rates drop in New Year THE SHANGHAI Containerised Freight Index's first post-Lunar New Year figures have shown that freight rates have softened slightly
$917M agreed for Hedland harbour plan BHP BILLITON and its partners have approved $917M in pre-commitment funding to build an outer-harbour facility in Port Hedland in Western Australia
APSEZ profits rise 36% ADANI Ports & Special Economic Zone today reported a 36% jump in net profits over the October-December quarter
Rosneft might get share of Novorossiysk group DEPUTY Prime Minister Igor Sechin has recommended that the state shareholdings in Novorossiysk Commercial Sea Port (NMTP) be sold to Rosneft, the state oil company
Bulker resale prices keep falling RESALE prices of bulkers have continued their downward trend, as the Baltic Dry Index dived to a 25-year low
Small tankers attract investors MEDIUM-range products carriers and chemical tankers continue to lure investors in the sale-and-purchase market
Seafarers saved from fire TEN CREW members have been rescued from the Captain Ivan Vikulov dry cargo ship in Crimea, in the Sea of Azov, after a fire broke out early yesterday morning
Sovcomflot halves share sale SOVCOMFLOT, the 100% state-owned Russian tanker fleet operator, might try to sell 25% less one share in the second quarter of this year, down from the 50% originally planned
Precious profits hit by 4Q performance PRECIOUS Shipping, Thailand's biggest drybulk carrier owner, today posted net profits of $23.64M for 2011, a fall of 33.4%
Hyundai Mipo sees profit fall SOUTH Korean shipbuilder Hyundai Mipo Dockyard said today 2011 net profits dived 48.5% y/y to 227,864,445 won ($203.25M)
HMM reveals losses HYUNDAI Merchant Marine (HMM), South Korea's second-largest shipper, today reported operating losses of 367Bn won ($327M) for 2011
Michigan Court Backs Jailing of Ambassador Bridge Owner The Michigan Court of Appeals on Monday said a local judge was in his rights to jail the owner of...
ILWU to Handle First Vessel at EGT Grain Terminal The International Longshore and Warehouse Union members on Tuesday will help load the first vessel to arrive at the new...
Trucking Suppliers Report Higher Sales, Profits Trucking operators profiting from rising U.S. domestic shipping demand in turn are boosting sales and profits at truck and engine...
Pennsylvania to Collect Sales Tax From Amazon Pennsylvania plans to begin collecting sales taxes Sept. 1 by Internet retailers, including Amazon.com, that have a physical presence in...
Nearly 500 Million Smartphones Shipped in 2011 Worldwide smartphone shipment volume jumped 54.7 percent in the fourth quarter to 157.8 million units, spurred by the release of...
Hyundai Merchant Marine Loses $327 Million South Korea's Hyundai Merchant Marine reported a 2011 operating loss of $327 million, reversing a profit of $541 million in...
Baucus to Pitch Plan to Plug Senate Transport Bill Shorftfall Sen. Max Baucus, D-Mont., is expected to propose Tuesday a plan to plug the majority of the $12 billion shortfall...
United Arab Shipping to Raise Asia-Europe Rates $775 United Arab Shipping imposed a $775 general rate increase on Asia-Europe services effective March 1, joining other major container ship...
MSC to Hike Rates From India to East Africa Mediterranean Shipping will raise rates on shipments from India to ports in East Africa, as part of what it calls...
Container Corp. of India Profit Rises 6 Percent Container Corporation of India boosted third quarter net profit 6 percent from a year ago to $49.2 million, as growth...
Nippon Express Revenue Surges 67.3 Percent Forwarder Nippon Express saw net profit surge 67.3 percent in nine months ending Dec. 31, as the end of a...
Bridgestone to Open Its Largest Factory in Vietnam Bridgestone plans to open a $575 million factory in 2014 near the Vietnamese city of Hai Phong, as the coastal...
China Bans Airlines From Paying EU Emissions Fees China barred its airlines on Monday from joining the European Union's new carbon trading scheme that will charge airlines for...
TUI Poised to Sell Hapag-Lloyd Stake German tourism company TUI is reportedly close to selling another slice of its remaining 38.4 percent stake in Hapag-Lloyd to...
Trucking Takes to the Tracks There's a new intermodal rhythm humming along the roads and rail lines connecting manufacturers and retailers with ports and plants...
Railroads Build Profits, Networks Major North American railroads plan to spend some $16 billion this year on network improvements, but those projects will come...
New Name, New Era? Deciding it is what it hauls, YRC Worldwide is rebranding its largest less-than-truckload operating subsidiary YRC as YRC Freight. The...
YRC Freight Goes Long YRC Worldwide is changing more than the name of its long-haul less-than-truckload subsidiary. The company also plans to restructure its...
Teamsters Refuse to Quit Harbor trucking executives across the U.S. celebrated an important victory last fall when the U.S. Court of Appeals for the...
A Lack of Will Washington Post columnist George Will, perhaps bored by the Republican Party's combative South Carolina primary, recently injected himself into the...
Highway Robbery Cargo thieves struck five times at rest stops around Memphis in November and December, stealing truckloads of computer game consoles...
North Carolina Ready to Duke It Out About 90 miles west of the North Carolina coast rests the sprawling airport of Kinston, which boasts the longest jet...
Container Carriers Sailing in the Red The red tide is coming in. Container ship lines are starting to report their results for 2011, and the numbers...
DHS's Path to Resilience At six pages, the new National Strategy for Global Supply Chain Security is a slim document that, although short on...
Mica's $260 Billion Transport map John Mica chose an outdoor location on the sun-splashed U.S. Capitol grounds on an unusually mild January day to unveil...
Railroads as Common Carriers Freight railroads are greatly concerned about their transportation of shipments of hazardous materials referred to as toxic inhalation hazards. That...
Eastern Promises Norfolk Southern Railway and CSX Transportation are expanding their eastern U.S. intermodal rail networks, with new routes, facilities and services...
CTS data confirms ocean carriers' worst fears The latest cargo flows from Container Trades Statistics (CTS) confirms that European imports are contracting faster than expected. Total imports from Asia fell ...
EAC looks to eliminate NTBs Richard Sezibera, secretary general of the East African Community secretariat, has indicated that legislation is needed to speed up a single market in eastern Africa ...
JB Hunt posts better 2011 Lowell (AS) US-based trucking and intermodal transport company, JB Hunt Transport has posted sharply improved results for its 2011 fiscal year, which ended December ...
IMF: eurozone crisis could chop Chinese growth in half The International Monetary Fund [IMF] has predicted that China's GDP will expand by 8.2% this year - but warns that a deep recession within Europe [its biggest ...
Rena salvage 'remains a challenging and time-consuming task' That is the latest comment from Maritime New Zealand [MNZ] on the painfully slow progress of cutting up damaged containers on the bow section of the Astrolabe Reef, ...
Ocean carrier schedule reliability improves in Q4 11 The overall reliability of ocean carriers' schedules in all tradelanes monitored by Drewry reached 69% in Q4 12, a significant improvement on the 63% achieved in ...
OOCL RR trumps peers The highest [to date] rate restoration in the Asia - Europe tradelane has come from Hong Kong-headquartered OOCL, which is asking for an increase of USD800 per ...
More positive data from the US There were 243,000 new jobs for US citizens in December, a better-than-expected figure that meant the unemployment rate dropped to 8.3%; which combined with the ...
Tanker pool to focus on slow steaming Nova Tankers Pool to focus on 'bunker optimization.'
Prices firm in north European ports Poor bunker demand in Rotterdam.
Sharp price increases in Fujairah Suez prices falling.
Bank to take on bunker terminal project Disputes between shareholders in the Asia Petroleum Hub 'have been resolved'.
First tanker operator joins Gothenburg's clean fuel scheme Three bunker suppliers also committed to using low sulphur fuels when operating in the port area.
IMO urged to finalise code for LNG-fuelled ships Lack of regulations holding back funding for LNG-fuelled ships ahead of 2015 low sulphur ECA requirement.
Turkish supplier reports growth in sales Energy Petrol made 1,749 deliveries in 2011 'without facing a single quality or quantity claim.'
Bunker costs contribute to operating loss Hyundai makes changes to BAF as losses mount.
Baltic bulk index falls to record lows Dry bulk shipping earnings to continue to face pressure in the coming months, analysts say.
Bunker prices climbing in Asian hub ports Demand for bunker fuels low in key Asian ports on Monday.
DNV publishes new fuel saving guidelines for box ships Indicative ROI calculation included to assess the cost efficiency of each fuel saving measure.
WFS sues Norwegian shipping firm for unpaid bunkers About $700,000 payment outstanding for bunkers supplied in Singapore, WFS alleges.
Bunker supplier expands operations to South China ports Fratelli Couslich commences operations in Qinzhou, Beihai and Beihai Tieshan.
Cruise company ends 2011 'on a strong note' Costa Concordia incident to have a 'significant impact' on bookings in the near term, says RCL.
Bank reiterates Kirby's rating The tank barge operator remains 'well-positioned' to benefit from increasing US chemical, refined product exports, says Dahlman Rose.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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