FDE acquires Vialtis Sarl FDE, a southern France-based provider of services to fleet operators, has acquired Vialtis, a provider of financial services, particularly for international road haulage customers....
Electric and electronic damage most frequent cause of breakdowns ADAC TruckService's recently published HGV breakdown statistics reveal that most truck breakdowns (31.8%, up by 3.6%) were caused by faulty electric systems in the first half of th...
Petrolesport St Petersburg orders three new Liebherr container gantry cranes Petrolesport in St Petersburg (Russia), has placed an order with Liebherr for the delivery of three panamax ship to shore cranes. The new equipment will have a lifting capacity of ...
Russian Railways: preparing to take over Gefco? Russia's state railway RZD plans to acquire Peugeot-Citroën's automotive logistics subsidiary, Gefco, according to reports in different Russian newspapers. It is thought that RZD i...
Supervisory board of Luka Koper dismisses management board president The supervisory board (SB) of Luka Koper (Slovenia) dismissed Gregor Veselko, the president of the port's management board, for no-fault reasons on 7 September. The SB then appoint...
BNSF expands Bakken oil transport capacity to one million barrels per day The US rail transport provider Burlington Northern and Santa Fe Railway (BNSF) has increased capacity this year to enable the it to haul one million barrels of oil per day out of t...
ILA opens at new location The ILA Berlin Air Show 2012 opens today (11 September) and will close on 16 September. Europe's third most important aviation show, which is featuring the Republic of Poland as it...
Air India took delivery of its first B787 The US aerospace giant Boeing and Air India celebrated the delivery of the airline's first B787 Dreamliner on 6 September. Together with the Indian government, the fifth operator o...
Air Charter Service in Husum Air Charter Service (ACS), a leading provider of freight and passenger charter flights, is exhibiting at the Husum WindEnergy2012 trade fair, which is due to open next week. As an ...
New president and CEO of Rickmers Americas The Rickmers Group has appointed Robert Sappio as president and CEO of Rickmers Americas. He will be responsible for Rickmers-Linie (America), as well as for the Maersk-Rickmers U...
Rudolph Logistik opens new logistics centre in Hessen The German logistics group Rudolph Logistik recently phased in a new multi-user centre in Lorsch in the state of Hessen (Germany). The logistics service provider is using the 10,80...
C.H. Robinson to acquire Apreo Logistics The logistics service provider C.H. Robinson Worldwide has agreed to acquire Apreo Logistics (Apreo), a freight forwarder based in Warsaw (Poland). Founded in June 2007, Apreo prov...
DB Schenker Logistics expands capacity in Stockholm The DB Schenker location in Arlandastad, near Stockholm (Sweden), is expanding to 63,000 sqm of hall space. The Schenker Logistics AB facility opened its doors for the first time i...
Reshuffle at SNCF Geodis Geodis Wilson has appointed Olivier Storch as sales director for the Asia-Pacific region. He joined the French SNCF group in 2006 and was vice-president finance and director of SNC...
Tankers hit by fall in cargo volumes to US Opec data shows crude imports into US have dropped 3.6% year on year
CSSC launches bond sale earlier than planned Shipbuilder goes to market this month due to 'capital needs and market conditions'
Ocean Atlas detention highlights need to regulate PMSCs Should Nexus have deployed an armoury rather than stow weapons on board?
To Russia with doubt APM Terminals will hopefully have heard all of the Russian business horror stories prior to its decision to take a 37.5% stake in Global Ports
Major Chinese ports post dismal August results Shanghai, Ningbo and Shenzhen report declines or slower growth in cargo throughput and box volumes
VLCC buying spree pushes prices up Talk of up to five VLCC sales
Growing iron ore derivatives market means volatile future for dry bulk Swaps and options trading expected to triple this year
Interlude in Venezuela The Ocean Atlas incident shows the importance of complying with weapons paperwork in all jurisdictions
Quanchai seeks deal on deposit with Rongsheng after failed buyout Shanghai-listed enginemaker seeks to comfort investors
Knightsbridge sells tanker pair NASDAQ-listed Knightsbridge Tankers today confirmed the sale of two VLCCs, including one that went to a new buyer after the first deal fell through
SNCM to appeal aid court ruling FRENCH Mediterranean ferry operator SNCM will appeal against a European Union Court of Justice decision invalidating the European Commission's approval of financial aid it received from the French government prior to 2006
EC stays mum over raids THE European Commission told Fairplay today that it was not ready to give further information about its raids on the offices of a number of EU car carrier operators last week until it had completed its investigation
Maersk fires up Wilhelmshaven THE new deepsea JadeWeserPort in Wilhelmshaven, Germany, has landed its first handling contracts from Maersk Line
Privalov pleads guilty in SCF case THE second day of Yury Privalov's trial in Moscow for embezzling funds from Sovcomflot (SCF) ended Monday evening without a ruling from Judge Natalia Morozova
Seadrill plans $1.0Bn note offer SEADRILL, the Oslo-listed company in the centre of John Fredriksen's drill ship and rig business, plans to raise $1.0Bn through an offer of five year notes, the company said in a statement
Globus axes dividend NASDAQ-listed Globus Maritime today reported a swing to losses and a decision to not pay a dividend for its latest quarter
MSC Flaminia Docks at Wilhelmshaven The damaged container ship MSC Flaminia docked in Wilhelmshaven, Germany, seven weeks after an explosion and fire killed two crewmembers...
Pacific Northwest Grain Handlers, ILWU in Negotiations for New Contract With a Sept. 30 deadline looming, Pacific Northwest grain handlers and the International Longshore and Warehouse Union are negotiating a...
Grimaldi Unit Buys 6 Ro-Ro Vessels from Pacific Basin Italian short-sea shipping company Atlantica di Navigazione has purchased six roll-on, roll-off vessels from Hong Kong-based bulk carrier operator Pacific...
Cargo Declines at Lufthansa, Air France-KLM Lufthansa Cargo carried 8 percent less freight in August than a year ago as it reduced capacity in a bid...
Marad Cancels Double-Hull Study The Maritime Administration said its recently announced study of the effects of the Oil Pollution Act of 1990's requirement for...
Damco to Relocate Headquarters to The Hague Global freight forwarder and logistics provider Damco plans to move its headquarters from Copenhagen to The Hague, Netherlands, by the...
APL, Con-way Expand OceanGuaranteed Service From Asia APL Logistics and Con-way Freight are rapidly expanding their OceanGuaranteed service for less-than-containerload cargo from Asia. The companies in...
ANA, JAL International Cargo Volumes Up in July Japan's All Nippon Airways Co. said that its international cargo volume grew for the sixth consecutive month in July on...
Another boxship fire With the cause of the July mid-Atlantic explosion on the MSC Flaminia still to be determined, yet another boxship was badly damaged at the weekend by an onboard ...
Maersk Line appoints new cfo Maersk Line has appointed Soren Strom as chief financial officer from November 1. Until then Jakob Stausholm, Chief Strategy, Finance and Transformation Officer ...
CMA CGM further clarifies financial turnaround As shown in the table, CMA CGM's remarkable financial turnaround in Q2 12 compared to other lines was not simply due to market circumstances. Its cargo only increased ...
Carriers warn of surcharges as ILA/USMX talks go to the wire Ocean carriers serving US east coast and Gulf ports are readying for the introduction of port congestion surcharges effective October 1. Surcharges are threatened ...
China's imports plunge In a speech last Sunday, the Chinese president, Hu Jintao, promised the continuation of a 'proactive fiscal policy' in order to tackle the impact of worsening economic ...
Charleston: 'laser-focused' on new business That was the message from the president and ceo of the South Carolina Ports Authority [SCPA], Jim Newsome, on the Port of Charleston's [PoC] commitment to drive ...
CMA CGM on the road to recovery CMA CGM outperformed most of the ocean carrier market in Q2 12, and estimates that it could even end the year in profit. Compared to the loss-making previous quarter
TOO turns to Wall Street Teekay Offshore Partners has launched a follow-on equity offering in a bid to raise cash for the $540m acquisition of an FPSO from parent Teekay Corp.
Top Ships torches critics For some it may have appeared like Top Ships was knocking on death's door when it reported an annual loss $189m earlier this year but looks can be deceiving.
ORIG lands LOI Ocean Rig has secured a six-month contract for one of its semi-submersible drilling rigs.
Super profit to stay Shipowners will see their offshore drilling interests produce hefty profits for at least the next four years, Nordea says.
Chu Kong slips Hong Kong's Chu Kong Shipping has posted a fall in first-half profit, but container volumes are on the up.
DVB dispels dry myths A tunnel of despair trapping the dry-bulk market will take longer to escape than many commentators fear, DVB warns.
VLCCF sells sisters Knightsbridge Tankers has confirmed the sale of a pair of VLCC sisterships, although one of them almost didn't happened.
Shreyas adds sixth India's Shreyas Shipping & Logistics has met its expansion target by agreeing another containership purchase.
Maersk names new CFO Clipper's Soren Strom will be Maersk Line's new chief financial officer (CFO).
Igal Dafni "lied" CMA CGM would probably not have hired former Zim man Igal Dafni if it had known about his links to South-east Asian cargo agents, a Hong Kong court has heard.
Wood chip four chopped Mitsui OSK Lines has collected over $15m from the scrapping of four woodchip carriers, it is claimed.
Thumbs up for Ezra plan Ezra Holdings' decision to spin-off affiliate Triyards has met with approval by OCBC Research.
Henghou offloads resales Chinese owner Ningbo Henghou Industries has reportedly sold a pair of new panamaxes for a combined $48m.
Older VLs in vogue Lack of loans behind a surge of interest in late 1990s built tankers, says Clarksons.
Victoria lacks vroom A Cunard cruiseship is crawling home to the UK after suffering mechanical failure off Portugal.
How to handle a crisis John Fredriksen has always fought off any thoughts of retirement despite amassing an impressive fortune during a 50-year shipping and business career.
SapuraAcergy nabs GoM job SapuraAcergy has won a charter contract for its derrick pipelay vessel in the Gulf of Mexico.
Interpol hunts owner Indian police have sought Interpol's assistance to arrest the owner of the Singapore-controlled bulker Black Rose that sank off Paradip in 2009.
Giants no worry for SITC An influx of larger boxships into the intra-Asia trade will not stand in the way of SITC International Holdings' strong financial performance, its CEO says.
CSSC plots bond sale China State Shipbuilding Corp (CSSC) has announced plans for another huge fundraiser.
Precious cashes quartet Precious Shipping has run out of patience on a series bulkers at India's ABG Shipyard which have been beset by delays.
First feeling feebler Taiwan's First Steamship has posted a weaker result for the first half as costs rose.
Box blast blamed The fire that gutted a section of the Amsterdam Bridge in India on Sunday was probably caused by an explosion in a container.
Seadrill prices notes John Fredriksen-controlled Seadrill has set a coupon of 5.625% for its planned $1bn bond issue, the company said late Monday.
Spill cleanup continues Singapore authorities say efforts to clean up an oil spill following a collision between two ships on Sunday continues.
Transocean eyes quartet Transocean says it is in discussions with an unnamed oil major to order up to four deepwater drillships in a deal worth $3bn.
Transocean offloads rigs Transocean has sold thirty-eight shallow water drilling rigs to a private-equity led buyer in a deal worth just over $1bn.
GMS poaches broker Compass Maritime Services of the US is on the lookout for fresh talent after losing one of its sale-and-purchase brokers to veteran cash buyer GMS.
Globus falls short Globus Maritime reported a second-quarter loss Monday on the back of plummeting freight rates and a write down related to an ongoing charter dispute with Allied Maritime.
Rules govern when strike surcharges can be applied Shippers should carefully read surcharge notices issued by container lines in the past two weeks in response to a potential longshoremen's strike and port closure on the East and Gulf coasts to understand them, an FMC official said.
Demand Management brings S&OP on common platform
Maersk to assess sizable inland haulage fee The carrier will raise rates to $900 per 20-foot container and $1,000 per 40-foot container on its U.S. inland-haulage import (IHI) services applicable from Los Angeles and Long Beach on Oct. 7.
ILA strike threat aids August U.S. inbound volumes Import cargo volume at major U.S. retail container ports is expected to increase 8.5 percent in September compared with the same month last year, with strong increases expected into the holiday season.
Damco to move headquarters to The Hague
Strom named new Maersk Line CFO
Venezuela drops charges against U.S. ship, crew
MercuryGate links to Internet Truckstop
T. Parker Host names new COO
Washington Notebook: Russia PNTR bill has chance to pass this month
Report: 1H FCPA actions in line with 2011 Law firm Veneble said the number of Foreign Corrupt Practices Act enforcement actions by the Justice Department and SEC in the first half of 2012 stayed flat compared to levels in the first half of 2011.
Mobile LNG marine fuel tank launched After filling the container at an LNG terminal, the containers can be transported to each required destination by sea, rail and/or road.
Bunker prices continue to firm in Fujairah Suez prices remained flat while in South Africa, they edged upwards.
Prices remains stable in Rotterdam But 380 cst material at Hamburg jumps $10 a tonne.
OPEC sees weaker demand ahead China's role seen as 'critical'.
Dry bulk sector in 'tunnel of despair' Vessel scrapping must be stepped up, says bank.
MARAD cancels double hull study Study was unexpected given that double hulls are industry norm.
Traders: Concern over refinery restart 'No news' on when cargo loadings will resume.
EU signs up to global SOx limit 0.5% sulphur in marine fuels to come in for 2020.
Air-lubrication: Key task is to apply technology to larger ships Current systems work best on shallow draft vessels.
IFO prices continue to climb at Asian port hubs Supplies of bunker fuels were fine at key Asian ports on Tuesday.
Public/private funding call for Trinidad bunker market Ex-minister makes case to keep bunkering a local affair.
Chimbusco sees 78% decline in profit Total debt increased by about 30% during the first half of 2012.
Bimco: Wind turbines can enhance vessel efficiency Shipowners could achieve 'perceptible reduction' on fuel consumption and generator load, says firm.
Suppliers exit Singapore physical bunker market Ocean Energy and Bakri Trading no longer hold licence to supply bunkers at the port.
Finnish tech firm chosen as finalist for cleantech award Award showcases clean technology's 'rising stars'.
Bunker spill cleanup continues in Singapore Following collision between two foreign-registered vessels on Sunday.
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