New UAE port of call China Shipping, CMA CGM and UASC's joint Far East-Middle East service commenced calls at the new Emirati port of Mina Khalifa in Abu Dhabi on 30 October. The link is served by six ...
NTSB issues recommendations to prevent air cargo fires The US National Transportation Safety Board (NTSB) recently issued three recommendations to reduce the impact of in-flight fires aboard cargo airplanes, claiming that current fire ...
Omsan and Trend Logistik agree to collaborate The Turkish service provider Omsan Lojistik and the German firm Trend Logistik GmbH have agreed to collaborate in the groupage sector. Under the terms of the agreement Omsan will u...
Thurtrans augments truck fleet The Istighofen (Thurgau/Switzerland)-based transport provider Thurtrans, part of the Schöni.ch Holding, has augmented its vehicle fleet by nine new Renault Premium Route 460.18 4x2...
JSC Russian Railways' board approves sale of shares in two subsidiaries JSC Russian Railways' board of directors has approved the sale of a 25% stake plus 1 share in JSC Freight One to Nezavisimaya Transportnaya Kompaniya (NTK). The price tag is RUB 50...
Norfolk Southern completes major upgrade of export coal facility Norfolk Southern, one of the USA's premier transportation companies, has completed a major upgrade to its Lamberts Point export coal transload facility in Norfolk VA (USA), positio...
Iraqi Airways takes delivery of its first Airbus A330 On behalf of the Iraqi Ministry of Transportation, Iraqi Airways, the national carrier of Iraq, has taken delivery of its first A330-200. It is the first Airbus widebody aircraft t...
Hapag-Lloyd connects first ship to shore power The German shipping company Hapag-Lloyd connected one of its ships to shore-based power for the first time after the "Dallas Express" docked at the port of Oakland CA (USA) during ...
EU bans Eritrean carriers and removes Mauritanian airlines off the black list The European Commission has adopted the 20th update of the European list of air carriers which are subject to an operating ban or operational restrictions within the EU. Air carrie...
New partner for Spedion On 1 December 2012 Günther Schoob became a partner of telematics solutions provider Spedion GmbH, after holding negotiations with the firm's two managing partners Günter Englert an...
Turgut Erkeskin re-elected as president of Turkish Utikad The Association of International Forwarding and Logistics Service Providers in Turkey (Utikad) re-elected Turgut Erkeskin as president at its recent 30th general assembly. Ergekin,...
Menlo Worldwide Logistics cooperates with JF Hillebrand Menlo Worldwide Logistics, the global logistics subsidiary of Con-way Inc, announced a new engagement with JF Hillebrand Singapore Pte. Ltd. JF Hillebrand is one of the leading spe...
Gefco phases in new logistics platform in Slovakia The French transport and logistics service provider Gefco recently began operating a new (automotive) logistics platform in Trnava, near Bratislava (Slovakia). The facility is inte...
Corrigendum: Martin Bencher opens new office in Gothenburg In yesterday's ITJ Daily (5 December), there was a regrettable mistake in the news item about the Martin Bencher Group's inauguration of a new office in Gothenburg (Sweden). The co...
Last waltz for German shipping firms as solutions remain elusive In Hamburg's Grand Elysée Hotel ballroom, a ship finance conference debates insolvencies
US merger makes Norton Rose the only global law firm in New York Big Apple's private equity hub may make it the new centre for shipping finance
Vale eyes Chinese port for iron ore distribution Diplomatic talks underway to persuade China to drop its ban on bulkers over 350,000 dwt
On course for collision Lloyd's List Intelligence proprietary data tracks the movements of the two ships
Every one's a winner in tanker pools Samco Shipholding talks to Lloyd's List about the Nova VLCC partnership
Singapore steps on the gas Qatar positions itself as the city state's main LNG partner
Owners wary of looming LNG carrier oversupply Cautious owners slash newbuilding ordering
Overcapacity is no barrier to the right newbuildings, says Widdows EXCLUSIVE INTERVIEW: Global oversupply 'is to a degree irrelevant', says Rickmers boss after private equity deal
OSG Chapter 11 case enters first full hearing US Trustee applies pressure over funds held at foreign banks
Baltic Ace latest update: Five confirmed dead in car carrier sinking EXCLUSIVE data from Lloyd's List Intelligence shows last movements of Baltic Ace
Too many losses Accidents will always happen at sea but we must learn from last night's casualty
First LNG carrier to transit northern sea route completes its voyage But traditional Europe-Asia LNG shipping patterns are unlikely to shift
Delays and soaring bills cast doubt on Australian LNG EXCLUSIVE INTERVIEW: Gorgon project costs to hit $52bn
HSH slashes its nine-month losses But shipping crisis will see the bank ramp up its provisions
Baltic Ace casualty analysis: Corvus J operator involved in previous collision Chief officer was alone on bridge doing paperwork
Offshore promise Singapore feels the heat as China's yards secure a slew of deals
SPP lands major order for MR tankers South Korea yard will build up to 14 ships for unnamed Europe-based owners
Stena Weco and Golden Agri buy tanker for palm oil partnership Delivery of $8.5m Golden Adventure highlights intra-Asia confidence
Cosco orders up to four VLCCs Tankers will be built at CSIC to eco designs
Car carrier Baltic Ace sinks off Rotterdam At least four are dead and seven missing after collision with boxship Corvus J
Nautilus lines up deal to buy Brazil-bound offshore vessels All-equity deal with Vega shareholders turns blank-cheque vehicle into operating firm
US energy bonanza seen THE US EIA has unveiled a long-term outlook that predicts an abundance of domestic crude and natural gas and a pullback on imports
LNG study buoys hopes for US exports A PIVOTAL study US LNG exports, released by the Department of Energy, has found positive implications for shipping
160 sought off Burma VIETNAMESE authorities today continued their search for more than 160 passengers from the Bangladeshi vessel Nayou, which sank off western coast of Burma
US investigating NAT oily dumping allegations NYSE-listed Nordic American Tankers today confirmed that it is under US investigation on allegations of oily water discharges at sea
CTN fined €625,000 A COURT in Marseilles has ordered Tunisian ferry operator Compagnie Tunisienne de Navigation to pay fines totalling €625,000 ($851,000) for pollution violations
Trucker smoked with UK smuggling sentence A TRUCK driver who tried to evade £1.62M ($2.12M) in duty by smuggling cigarettes through a UK port has reportedly been sentenced
Hurtigruten relocating FERRY company Hurtigruten of Norway said today it is restructuring to improve profitability, moving to a new headquarters and selling non-core real estate
Vale boosts its port scheme in Malaysia BRAZIL'S mining giant Vale will invest $443M during 2013 in its port project in the Malaysian coastal town of Lumut, in Perak state
Hamburg Süd starts new loops GERMAN north/south liner carrier Hamburg Süd today said it had launched several new loops on intra-American routes
Coal seen staying China fuel of choice until 2020 COAL'S displacement, as in the US shale gas revolution, is not likely to take place in China until after 2020, the IHS McCloskey Asia Pacific Coal Outlook conference heard today
Deeper cuts seen in Iran's oil cargoes IRAN'S crude exports are likely to drop by about one-fourth in December from November's total, according to reports
Corn Crop "Outstanding" Despite Drought, Says US Grains Council 2012 corn crop is "outstanding," says U.S. Grains Council The 2012 U.S. corn crop is high quality and improves upon last year's good marks across a range of test factors, despite the worst drought in decades this year, according to the U.S. Grains Council's Corn Harvest Quality Report 2012/13. This year's corn...
Sharaf Logistics Signs Deal to Use Etihad Rail's Network Etihad Rail, developer and operator of the United Arab Emirates' national railway network, has signed a memorandum of agreement with supply chain management company Sharaf Logistics, part of the Dubai-based Sharaf Group, allowing Sharaf to use Etihad Rail's network to transport goods. Construction of Etihad Rail's Stage One is underway, and...
Landstar Truck Revenue Rising in Fourth Quarter Landstar System trucking revenue rose 4 percent year-over-year in October and headed higher in November, despite a "sluggish" economy, said Henry Gerkens, chairman, president and CEO of the $2.5 billion transportation company. The increase in trucking revenue indicates U.S. freight markets are still growing steadily, if not spectacularly, as 2012 draws...
Ex-Im Bank Approves Loan Guarantee for Caterpillar Suppliers The Export-Import Bank of the United States has approved its fourth supply chain finance transaction and will guarantee up to 90 percent of $450 million in liquidity offered by a JPMorgan Chase loan to suppliers of equipment manufacturer Caterpillar. The guarantee will support small business suppliers by allowing them to obtain...
Long Beach, Panama Canal Authority Renew Partnership Officials from the Port of Long Beach and the Panama Canal Authority have renewed a memorandum of understanding that promotes trade between Latin America and the U.S., and facilitates the exchange of ideas for seaport engineering, dredging and environmental practices. The agreement was first signed in December 2010 and expanded an...
Hamburg Sud to Offer Expanded Americas Service German ocean shipping company Hamburg Sud will launch a direct liner service between North America, Central America and South America on Jan. 1, replacing the current Cartagena-California service. The shipping line will deploy five 1,850 20-foot-equivalent unit vessels, including reefer plugs. The rotation will include Guayaquil, Ecuador; Balboa, Panama; Puerto Quetzal, Guatemala;...
WCI Composite Index Falls 3.9 Percent Rotterdam to Shanghai rates, a bellwether for the backhaul Europe to Asia market, dropped 2.8 percent last week to $952 per 40-foot container, according to the latest numbers from the World Container Index. Backhaul westbound trans-Pacific rates based on the Los Angeles to Shanghai lane were flat this week at...
Lowe's to Expand Across Borders, Centralize Fulfillment Lowe's plans over the next few years to expand in Canada and Mexico and centralize its fulfillment operations, allowing the retail giant to cut transportation costs and speed e-commerce delivery. The opening of a central dispatch office is aimed at lowering fuel costs, improving truck fleet utilization, and gaining faster and...
Manufacturers Applaud Apple's US Manufacturing Plans Chief executive of Apple, Timothy D. Cook, said in interviews with NBC and Bloomberg Businessweek that Apple will manufacture one its existing lines in the U.S., The New York Times reported today. The California-based company moved most of its manufacturing to Asia in the late 1990s, but has been criticized in...
Horizon Lines Adjusts Puerto Rico Service Schedule Ocean shipping company Horizon Lines has adjusted its Puerto Rico service schedule to better align its deployed capacity with market demand and to improve cargo availability times in San Juan. Effective Jan. 10, 2013, the company will offer weekly service between Jacksonville, Fla., and San Juan. The southbound service will depart...
ILA Dockworker Killed at Mobile An International Longshoremen's Association dockworker was killed in an accident Wednesday at APM Terminals in Mobile, Ala. Authorities said James LaMar Hudson, 49, was crushed by a refrigerated container's generator set. He was a member of ILA Local 1985, which represents port maintenance and repair workers....
UTi Worldwide's Profit, Revenue Plummeted in Third Quarter UTi Worldwide today reported profit attributable to the supply chain management company in the third quarter of its fiscal 2013, which ended Oct. 31, was $10.5 million, plummeting 63.2 percent from $28.5 million during the same period last year. Profit attributable to UTi Worldwide in the nine months ending Oct. 31...
Port of Houston to Get Hydrogen Fueling Station The Texas Emission Reduction Program recently awarded $500,000 to truck manufacturer Vision Industries Corporation, nonprofit Environmental Defense Fund, Air Projects and project partners to partially fund the building of the first public hydrogen fueling station in the state. The station, which is proposed to be fed from an existing hydrogen pipeline,...
Overcapacity to Last With New Ship Orders Container industry hopes that the current glut of vessel capacity might come into balance with demand by 2015 appear to be doomed. Most carriers stopped ordering new container ships in the middle of 2011 when growing overcapacity eroded freight rates and plunged their bottom lines into the red. The global container...
Port Canaveral's Revenue in 2012 Set Record Port Canaveral in Florida reported its total revenue for fiscal year 2012, which ended Sept. 30, was more than $68 million, up 17 percent from last year's record. "Our business strategies and board decisions have put Port Canaveral in a position of strength to continue to expand our operations and improve...
Agricultural Industry Seeks Obama Action on Mississippi Water Levels Nineteen U.S. agricultural associations have sent a letter to President Obama urging him to use his authority to maintain navigation on the Mississippi River between St. Louis and Cairo, Ill., currently threatened by low water levels. The letter specifically asks the president to declare an emergency, under Section 501(b) of the...
Q&A: Riders on the Storm Q: We had a truckload of product caught up in Superstorm Sandy that was destined to a customer in coastal New Jersey. By the time the truck got to the area, storm warnings were in force, and our customer had closed down. For reasons best known to himself, the driver decided...
LA, Long Beach Act to Ease Strike Impact LONG BEACH - The ports of Los Angeles and Long Beach are making adjustments in their operations in an effort to reduce the economic impact that the eight-day office clerical workers strike will have on port customers. In fact, all members of the port community, from U.S. Customs and Border Protection...
Obama Expected to Sign Bill Enacting PNTR With Russia President Obama is expected to sign legislation that would enact permanent normal trade relations with Russia, allowing U.S. exporters to take advantage of the country's recent entrance into the World Trade Organization. The Senate on Thursday passed the legislation 92-4, after the House approved a similar bill 365-46 on Nov. 16....
Fluctuating fortunes Analysts expect there to be a greater chance of bunker prices rising than falling over the next 12 months as fuel continues to be one of the biggest expenses incurred ...
First LNG-powered boxship order for US-based TOTE The world's first order has been placed for a containership that can be powered by liquefied natural gas (LNG). The order marks a turning point in the development ...
US retailers hail return to work at US ports US retailers are among the most relieved that the eight-day strike at the ports of Los Angeles and Long Beach is over.Over the weekend, customers of the shipping ...
Idle boxship numbers stay steady at 6% of fleet The number of idle containerships appears to have stabilised at around 6% of the total fleet over the last month, the first time since Lloyd's List Intelligence ...
11 feared dead after vessels collide Rescuers said this morning that hopes were fading of finding seven crew members lost after the car carrier Baltic Ace sank in the North Sea after a collision with ...
APM accused of spying AP Moller-Maersk's terminal unit has been accused of spying on union representatives linked to the ports of Los Angles and Long Beach.
Search suspended A team of rescuers appear to have abandoned their search for survivors of a car-carrier that sank after colliding with a containership off the Dutch coast.
Karatzas on the up Manhattan advisory plots expansion on the heels of AIG demolition deal.
STNG's appetite Scorpio Tankers may have enough ammunition to acquire ten medium-range product carriers on the heels of its latest Wall Street fundraiser, according to Clarkson Capital Markets.
No respite for PSVs Owners of platform supply vessels (PSV) plying their trade in the North Sea are unlikely to see any respite from older vessels exiting the spot market in the near future, according to a well known Norwegian shipbroker.
NAT pledges cooperation Nordic American Tankers' spin doctors sprang into action Thursday to inform investors about the recent detention of a suezmax in the US.
Precious orders double Thailand's Precious Shipping is cancelling two more ships at ABG Shipyard in India and has replaced them with a new cement carrier duo in China.
Svitzer takes two Svitzer has signed up for a pair of tugs at Damen Shipyards of the Netherlands.
Hurtigruten eyes savings Norway's Hurtigruten is looking to sell assets and cut staff costs to boost its profitability.
Crew fears grow The outlook for seafarers missing from the sunken car carrier Baltic Ace is looking increasingly bleak.
Moody's ups MISC Moody's has raised its outlook on Malaysia's MISC a month after the shipowner announced plans to tackle its debt.
Irish ship in gas leak Nine people were still under observation in an Irish hospital on Thursday after a toxic gas leak on an Arklow Shipping cargoship.
RAL scraps P+S five Insolvent German shipyard P+S Werften has lost its last merchant vessel order as Royal Arctic Line (RAL)cancelled its five-ship deal.
Gulf LPG banks $200m Gulf LPG Transport Company has secured a $200m loan from Qatar National Bank (QNB).
CSG cargoes grow State giant China Shipping Group (CSG) has increased its cargo volumes so far this year.
SPP adds 14 MRs Korea's SPP Shipbuilding has announced a huge haul of 14 new MR tankers worth $470m.
Cosco seals VLCC order China's Cosco group has confirmed a deal for up to four new VLCCs at China Shipbuilding Industry Corp (CSIC).
Hallin in Myanmar gig Hallin Marine has secured a four month project at the Zawtika gas field off the coast of Myanmar.
China volumes to rise China's iron ore imports are set to increase by over 7% in 2013 according to research by shipowners association Bimco.
Baltic Ace sinks A UECC operated car carrier has sunk off the Dutch coast after colliding with a containership.
Horizon eliminates a Puerto Rico sailing "Puerto Rico's economy remains in a prolonged multi-year recession, during which time domestic container volumes to the island have contracted sharply," said Richard Rodriguez, head of the liner's Puerto Rico service.
Hamburg-Süd's focus on west coast Central America The line next month will offer two new services from Manzanillo, Mexico, to the west coast of Central America as part of a restructuring of its service to the region.
SC businessman guilty of illegal exports to Iran
FMC reviews 16 OTI license applications
'Digging out' from LA/Long Beach strike may go faster than expected An L.A. port official said the huge size of the two ports - their terminals, workforce, railroad infrastructure and large number of truckers - give them a great deal of "cargo bandwidth," which should help quickly end the backlog.
APL releases mobile version of shipment tracking tool
Car carrier sinks after collision near Rotterdam
Hyundai increasing reefer rates
Pegasus' cloud version of truck data management tool
Crowley shuffles management The Jacksonville, Fla.-based carrier made several changes to the senior management in its shipping and logistics businesses and consolidated its commercial marketing, sales, customer care and pricing activities.
Trade groups welcome U.S.-Morocco trade initiatives
No clear direction for prices in Fujairah Distillates fall sharply in Suez.
European bunker market softens Rotterdam prices 'under pressure', say market sources.
Early sulphur deadline is 'very optimistic' 2020 target for 0.50% sulphur cap 'should be taken with a pinch of salt'.
Analyst: Crude to trade in $80 to $120 range Floor needed for producers while too high prices will lead to demand destruction.
Slump to continue 'for another one to one-and-a-half years' 'Grave mistakes were made in the years before 2009,' says world's largest provider of maritime finance.
Spanish ferry operator to start LNG conversions next year Company is looking for source of LNG supply.
Fuel oil stocks climb again Singapore fuel oil stocks have been above 20 million barrels for six weeks.
Alaska's ECA challenge ignores US treaty obligations US government lawyers say evidence of alleged economic harm is 'largely speculative'.
LNG: Potential gamechanger, says OW Bunker LNG can reshape bunker market but only if price is right.
Canadian ECA enforcement further delayed Approval of national regulations to implement Canada's portion of the North American ECA now expected in early 2013.
Italian ferry operator in LNG trial Local and national government are behind LNG ferry project in southern Italy.
Bunker prices soften in key Asian ports Hong Kong traders report above average demand.
Indian bunker supplier in a 'first' BGH Exim completes largest supply of bunker to a single vessel.
Tanker firm to raise over $131 million Proceeds may be used to fund further 'eco' ship orders.
Chinese supplier recovers 'misappropriated' cash Set to recover the remaining of the misappropriated fuel in the fourth quarter.
Chemoil gets shareholder approval Resolution to dispose Singapore terminal passed at a meeting on Wednesday.
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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