Korean Air now operating year round service to St Petersburg Starting tomorrow (8 December 2012), Korean Air is converting its so far seasonal service between Seoul Incheon and St Petersburg (Russia) to a year-round operation. Airbus A330-20...
Turkish Airlines to increase capacity to Kabul On Sunday (9 December), Turkish Airlines is boosting capacity on its service to Afghanistan. Two of the seven weekly flights between Istanbul and Kabul will be operated with Airbus...
China Shipping sells 20% of its containers to CLC Maritime Leasing China Shipping (CSCL) has sold 20% of its containers (139,941 teu) to the Hong Kong-based CLC Maritime Leasing Company for USD 221.27 million. The boxes, which are between four and...
Ram Truck launches new Ram Commercial Truck division USA-based Ram Truck is launching a new division to focus on commercial truck development, sales and support in a growing market. The new Ram Commercial organization offers a full l...
Siemens to acquire Invensys Rail The German company Siemens has entered into an agreement to acquire British Invensys Rail, the rail automation business of Invensys. With revenues of approximately GBP 800 mil...
Train drivers to receive tablet computers DB Schenker Rail's engine drivers will use modern mobile technology in the shape of tablet computers for their timetables, instructions, and regulations in future. From the end of ...
New LNG trucks for Wim Bosman Wim Bosman Transport BV, headquartered in the Netherlands, has put its first LNG truck into service. The firm has ordered five Mercedes-Benz Econic LNG trucks in all and they are d...
CEO of Raben Group named Entrepreneur of the Year in Poland The Raben Group's CEO - Ewald Raben - has won the Ernst & Young Entrepreneur of the Year Award. This year's edition was special as it took place in Poland for the tenth time. T...
Roscosmos awards Volga-Dnepr Airlines a license to carry "space" cargo The Russian carrier Volga-Dnepr Airlines has been awarded a license by the Russian Federal Space Agency (Roscosmos) to perform transport operations for rockets, spa...
Management change at Ahrenkiel Christian Suhr became the sole managing director of Ahrenkiel Shipmanagement (ASM) in Hamburg (Germany), on 1 December 2012. The previous managing director, Frank Westphal, who hel...
Maiden call of new Maersk/CMA CGM service at La Spezia Contship Terminal Maersk Line's vessel "Faust" made its maiden call at Italy's La Spezia Container Terminal (LSCT) on 4 December. It was the first call of the new weekly AE20 Maersk/CMA-CG...
Deutsche Post DHL puts mechanised delivery facility into service Deutsche Post DHL has officially phased in its first mechanized delivery site at the former main freight depot in Braunschweig (Germany). The event was attended by the landowner, A...
Audi plumps for logistics location Duisport The German inland port operator duisport is building the world's largest completely knocked down (CKD) export hub in the port of Duisburg for Audi, which has, in turn, mandated Sch...
Morrisons awards further two year contract to Norbert Dentressangle Following a competitive tender, Morrisons - the UK's fourth largest supermarket retailer - has renewed its contract with the French transport and logistics service provider Norbert...
German owners face fresh tax nightmare HUGE insurance tax claims on vessel hire pools could prompt another spike in German shipping bankruptcies, VDR warned today
Swedish Club to raise P&I premiums by 7.5% SWEDISH Club, the Gothenburg-based P&I unit, said today it would increase its premiums by 7
Pistiolis sells down his stake in Top Ships NASDAQ-listed Top Ships disclosed today that founder Evangelos Pistiolis has sold a significant portion of his ownership stake - and that he's negotiating to sell more
Seaspan prices preferred shares GERRY Wang-led Seaspan has secured gross proceeds of at least $67.5M from its latest public offering of preferred shares
'Blank cheque' Nautilus pulls trigger with Vega deal NASDAQ-listed 'blank cheque' company Nautilus Marine Acquisition today announced a deal to purchase the offshore services fleet of Assetplus from Vega Resource Group
Kremlin to pick listing venue for Sovcomflot SOVCOMFLOT, the Kremlin-owned tanker company, has indicated that it will let government ministers decide whether to sell its shares on the New York Stock Exchange next year
COSCOL plans to acquire a sister subsidiary SHANGHAI-listed COSCOL plans to acquire a log and asphalt shipping unit from parent China COSCO for 1.1Bn yuan ($174.6M) in cash
Danes to sell icebreakers DENMARK'S government has decided to sell its three icebreakers and to charter future icebreaking capacity on the commercial market
TORM to list new shares TORM, the Danish product tanker and drybulk shipping group, is to list 655.2M new shares on NASDAQ OMX Copenhagen as part of its recently agreed restructuring
China Merchants adds offshore yard HONG KONG'S China Merchants Group said it has acquired an offshore yard in Haimen, which will be its second offshore manufacturing base in China
Fewer bulkers were scrapped in November FEWER bulkers were demolished in November as freight rates improved
Skuld returns to Singapore SKULD, a Norwegian P&I club, has reopened an office in Singapore - three years after withdrawing from the city-state
Better finances seen for MISC MISC'S decision to sell its 50% stake in a semi-floating production system shows it is committed to restoring its financial profile, according to a ratings agency
Court Hears Teamsters Case Against Mexican Trucks in US The U.S. Department of Transportation's pilot program to open the border to Mexican trucks must be shut down because it is "dangerous and illegal," the Teamsters union argued in the U.S. Court of Appeals for the D.C. Circuit Court this week. The three-year pilot program was set up to demonstrate the...
Brazil Seeks $26 Billion to Modernize Ports Brazil's government has launched a $26 billion public-private drive to modernize crowded ports, which have been eroding the country's competitive edge as a major commodities exporter, according to a Reuters report. President Dilma Rousseff said she is counting on private investment to supplement government funds. The investment will improve crowded highways, decaying...
ILA, USMX to Face Off Again The International Longshoremen's Association and United States Maritime Alliance will meet on Monday to resume contract negotiations amid growing concern about a Maine-to-Texas dock strike to start in 2013. The ILA's 200-member wage scale committee will gather in Delray Beach, Fla., for the first time since August, when negotiations broke off...
Shippers Pin Hopes on Passage of Tariff Bill U.S. shippers could get some holiday cheer if Congress passes legislation by the end of the year that would suspend tariffs on materials and products not available domestically. Congress is expected to consider by the end of the year the Miscellaneous Tariff Bill, which had already gone through the Obama administration's...
Florida East Coast Railway Acquires New 53-Foot Containers Florida East Coast Railway's new 53-foot containers. Regional freight rail system Florida East Coast Railway has acquired 200 new 53-foot containers to expand its domestic business and replace older trailers. "This acquisition will help accelerate the conversion of FECR trailers to containers in order to provide double-stack transportation service between Jacksonville and...
Norbert Dentressangle Expands in Belgium European spply chain management company Norbert Dentressangle has acquired part of the warehousing and general cargo forwarding activities of Belgium-based maritime logistics company Nova Natie. The acquired activities operate a total of 130,000 square meters (about 1.4 million square feet) of warehousing space. The acquisition allows Norbert Dentressangle to expand its logistics...
US Asks WTO to Examine Argentina's Import Rules The U.S. has asked the World Trade Organization to establish a dispute settlement panel to examine Argentina's import restrictions on all U.S. goods, according to United States Trade Representative Ron Kirk. Argentina's restrictions include the use of discretionary import licensing requirements that unfairly limit U.S. exports. The country also requires importers...
SCFI Shows Slowing Pace of Decline in Rates Head-haul rates from Shanghai to major markets continued to drop this week but at a slower rate of decline, according to the new index numbers of the Shanghai Container Freight Index released on Friday. Rates from Shanghai to North Europe slipped 2.8 percent to $999 per 20-foot-equivalent container, or TEU. That...
Lynden International Names Two to Miami, LA Posts Freight forwarding and logistics company Lynden International recently named Sergio Lotero as business development manager for Latin America, and Roark Beckstead as business development director in Los Angeles. Based in Miami, Lotero will develop the Central America and Colombia markets for the company and market Lynden's ocean service into Puerto Rico....
Air France-KLM Freight Slumps Again Air France-KLM ceded more air cargo market share to its European rivals in November as freight traffic declined 5.4 percent from the same month in 2011 as the Franco-Dutch carrier reduced freighter flights further. The carrier trimmed capacity by 5.2 percent from November 2011, squeezing the load factor by 0.2 percentage...
Trucking Employment Rose 3.6 Percent in November Seasonally adjusted trucking employment increased 3.6 percent year-over-year in November, according to data released by the U.S. Bureau of Labor Statistics. From October, for-hire trucking employment grew about 0.18 percent, following a 0.35 percent sequential monthly increase in that month, the BLS data show. That increase sent The Journal of Commerce For-Hire...
Bulk Goods Shift to Boxes in Africa-Asia Trade Low backhaul container freight rates from Africa to Asia are prompting the containerization of some minor bulk cargoes, according to Ivan Thuynsma, the recently appointed global head of Damco's mining vertical. He said using containers for commodities makes sense because of the imbalance in the container trade between Africa and Asia...
Clean Energy Fuels Completes First Stage of LNG Network Clean Energy Fuels has finished the first stage of America's Natural Gas Highway, a network of LNG truck fueling stations to support long-haul, heavy-duty goods movement along major interstate corridors throughout the U.S. Many of these stations are located at existing Pilot-Flying J truck stops. Major highway segments now completed include,...
LA Streamlines Permitting Process for Port Projects A new Los Angeles ordinance amending the city's building code will streamline the permitting process for future Port of Los Angeles construction projects, as part of its five-year, $1.2 billion capital improvement plan to provide superior cargo terminals, rail and warehouse infrastructure to retain global business. "This collaboration between the Harbor...
ILA District Donates $250,000 to Hurricane Sandy Fund The South Atlantic and Gulf Coast District of the International Longshoremen's Association have donated $250,000 to ILA's Hurricane Sandy Fund. Clyde Fitzgerald, president of the district, which includes port areas from North Carolina to Miami, as well as the entire Gulf Coast, made the donation to ILA President Harold J. Daggett. Fitzgerald...
OOCL, Cosco Plan January Rate Hikes Orient Overseas Container Line will put a general rate increase into effect on Jan. 15 on its services from Asia to New Zealand and Cosco Container Lines is adding a peak-season surcharge on its westbound Asia-Europe services, effective Jan. 10. OOCL's proposed increase is $200 per 20-foot-equivalent unit and Cosco's is...
APL and Vascor target Indian automotive sector Singapore-based APL Logistics and US 3PL Vascor have formed a joint-venture operator to target the rising supply chain demands of India's automotive sector.Delhi-based ...
Badagry project gets under way The Hague-based APM Terminals (APM T) is set to sign a concession agreement early next year for Nigeria's latest boxport, planned for 2016 opening to accommodate ...
Horizon revamps Puerto Rico service Horizon Lines is adjusting its Puerto Rico service schedule to better align its deployed capacity with market demand and to improve cargo availability times in ...
New services from Hamburg Sud From January 2013, Hamburg Sd will be offering two new services from the Mexican port of Manzanillo to the west coast of Central America and a direct liner service ...
Strike port offers to waive fees Port officials at the US port of Long Beach have confirmed that user of the three terminals closed by the recent strike will have some cargo fees waived to provide ...
Death toll mounts in North Sea tragedy Five seafarers have been confirmed dead and a further six are still missing following the collision between a car carrier and a feeder boxship in the North Sea ...
SI in jeopardy A leading suezmax pool is on the fringe of losing two tankers controlled by bankrupt co-founder Overseas Shipholding Group.
OSG begins handbacks Overseas Shipholding Group (OSG) has begun the expected process of rejecting charters with its 111-vessel fleet, telling a bankruptcy court it intends to deliver two suezmaxes to public owner DHT Maritime and three smaller tankers to their owners.
Nautilus outlines raid A blank-cheque company led by the former heads of Star Bulk Carriers is moving forward with the acquisition of Norway's Vega Offshore.
Merchants makes yard move China Merchants Group is buying the Jiangsu Haixin Heavy Industries shipyard in Nantong.
Wilson Sons delays again Brazil's Wilson Sons has had to extend again the deadline to complete the takeover of compatriot offshore port services company Briclog.
Coscol snaps up sister Heavy-lift specialist Cosco Shipping Co (Coscol) has bought sister company Guangzhou Ocean Shipping, adding more than 100 ships to its fleet.
Goldenport confirms sale Goldenport Holdings is on the lookout for new tonnage after confirming the sale of a 1992-built bulk carrier.
Sanctions squeeze NITC NITC is finding operations increasingly tough in the face of international sanctions on Iranian oil, Bloomberg says.
Exmar spreads the net Exmar has tapped three new banks in tying up financing for what it claims is the world's first floating liquefaction unit.
Bulker hull cracked A capesize bulker owned by bankrupt Deiulemar Shipping of Italy has docked in Canada with a hull crack.
Citi cuts Pac Basin Citi has placed a sell tag on Pacific Basin Shipping following a sharp rise in the owner's stock over the past three months.
Swedish Club opts for 7.5% The Swedish Club is to up the cost of protection and indemnity cover with a general increase of 7.5% at the February renewal.
Deilmann sells out German cruiseship owner Peter Deilmann has raised EUR 60m ($77.62m) to boost its finances.
Genmar's Chinese coup TradeWinds digests the digits making the headlines this week.
KDM adds quartet Ukraine's KDM Shipping has added another four cargoships to its orderbook in China.
Icebreakers on block Denmark's government is to sell three unwanted icebreakers to the highest bidder.
Vantage ties up drillship Vantage Drilling says it is close to securing a charter for its drillship newbuilding Tungsten Explorer.
LNG goes tax-free Germany has exempted LNG from tax if used as fuel for ships.
Ferry goes aground Passengers and crew were reported to be safe after an Indonesian ferry ran aground.
Going Gaga We take a look at what was said in the market over the past week.
PPL bags rig pair SembCorp Marine PPL Shipyard has won a newbuilding order for two jack-up drilling rigs worth $434m in total.
Seanergy sells another Seanergy Maritime Holdings has sold another bulker - the eighth ship to be sold this year by the US-listed Greek shipowner.
Halter eyes growth VT Halter Marine has begun a major expansion of its Port of Pascagoula shipyard breaking ground on a new ship repair facility.
China exports lower Australia's Port Hedland shipped 8% less iron ore to the People's Republic last month.
Jackson enters PSV arena Jackson Offshore Operators is storming the platform-supply vessel market after penning a pair of orders at BAE Systems of the US.
NEWSFLASH: Hurricane Sandy aftermath adds new urgency to ILA talks A wide group of U.S. companies are urging the International Longshoremen's Association (ILA) and its employers to "make every attempt possible at reaching agreement on a new contract" when they begin meeting once again next week.
ICAO moves forward on air navigation
Air cargo to grow 3% annually, IATA says Last year, global cargo volumes finished at 29.6 million tons. Sri Lanka, Vietnam, Brazil, India and Egypt are predicted to be the fastest-growing cargo markets.
EU looking 'closely' at UPS-TNT deal "It still remains to be seen whether appropriate solutions will ultimately address our concerns for express-parcel deliveries in Europe," said Joaquin Almunia, EU commissioner responsible for competition, in a speech.
Arnold Transportation takes over LinkAmerica
New World carriers tweak 3 TP rotations
Human error suspected in Baltic Ace sinking
Brazilian president calls for $26 billion in port investment
UPS, U.S. Postal Service link up
Apple to produce some Macs in U.S. A small, but significant, number of companies have moved some production back to the United States or to Mexico, the Caribbean or Central America because of concerns with long supply chains.
Renault to use GT Nexus for spare parts visibility
RedPrairie/JDA merger cleared by German anti-cartel office
FedEx predicts record shipments Monday
UTi reports lower 3Q profit
WTO asked to review Argentina's import restrictions These restrictions include the broad use of "non-transparent and discretionary import licensing requirements that have the effect of unfairly restricting U.S. exports," the Office of the U.S. Trade Representative said.
Seattle outlines goals for increased sea, air traffic
Senate passes Russia PNTR legislation
4 charged with illegal exports to China, Iran
COSCO in shipyard deal, report of acquisition
Busan Port Authority, PSA sign cooperative agreement
Americas prices show volatility to close out week Oil capped the first weekly loss since early November.
Weekly global market update A weekly price round up of bunkering hubs from around the world.
IFO prices in Fujairah end week on soft note Across most ports, prices were softer with Suez the exception.
Prices fall on the back of crude Close to a two-dollar loss on yesterday's WTI dragged down fuel oil prices.
Cockett Marine Oil opens US office Palm Beach office will be company's 14th location.
Another LNG propulsion system on order for PSV 'The platform supply vessels will be the cleanest burning vessels operating in the Gulf of Mexico.'
VLOC efficiency claims challenged Efficiency gain of Korean-built over Chinese-built ore carriers questioned.
European fuel oil markets could start to tighten from 2013 Refiners likely to process higher volumes of sweet crude.
EU ECA: Costlier distillates will scupper uneconomic trade routes Analyst says peripheral trade routes will come under pressure after 2015.
Prices falling in Asia as week closes Reports from Singapore and Tokyo Bay speak of weak demand.
New concerns over 'eco-ships' ICS warns against move towards state subsisdies for 'green shipbuilding'.
Economics renders bigger LNG shipping role problematic Co-operation essential to make LNG bunkering in Europe a reality.
Germany to make LNG tax free Ships using fuel don't have to pay tax on it.
Barge standed on reef off West Australian coast Barge ran aground with 300 litres of diesel fuel and 1,000 litres of hydraulic fluid onboard.
Government of Bahamas 'played down' severity of bunker spill 'There is oil as far as the eye can see and its blanketing ships headed inbound,' says salvage contractor.
Eniram expands partner base Partnerships focused on extending Eniram's fuel saving technology and real-time analytic solutions.
New marine diesel engines EPA and IMO emission compliant Engines will meet EPA Tier 3 and Tier 4i, as well as IMO Tier III emission compliance without the need for exhaust gas after-treatment.
LNG carrier completes maiden voyage along northern sea route Route cuts maritime trip from northern Europe to northeastern Asia by up to 40% in comparison with traditional routes.
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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