Southwest Airlines to open Atlanta cargo terminal The US carrier, Southwest Airlines, will open a 2,600 sqm cargo facility at Hartsfield-Jackson Atlanta International Airport on 12 February. The launch of this facility coincides w...
Swiss WorldCargo to serve Beijing Commencing tomorrow (11 February), Swiss WorldCargo is launching a new daily non-stop flight between Zurich and Beijing. Beijing is the third destination in China served by S...
Danish road hauliers ready to conquer Europe with modular road trains The Danish trial with modular road trains is a big success. The fact was revealed in a recently published report from the Danish Road Directorate. It shows that modular road trains...
Portland connected with Mediterranean through new ships and weekly service The US port of Portland (OR) and its terminal operator ICTSI Oregon Inc recently welcomed a newly expanded containership service offered by the German carriers Hapag-Lloyd an...
BNSF announces USD 3.9 billion capital commitment programme BNSF Railway Company (BNSF), one of North America's leading freight transportation companies, announced a planned 2012 capital commitment programme of approximately USD 3.9 billion...
Freightliner named as the UK's best performing rail operator Freightliner has been officially announced as the most reliable rail freight operator in the UK. The "Golden Whistles" award is presented to the most reliable and punctua...
New efforts to improve road safety in Ireland The Freight Transport Association Ireland (FTAI) has signed the European Road Safety Charter to promote safe driving. The association hopes that the charter will help commercial ve...
Deutsche Post DHL's new board member starting in May Angela Titzrath will become group board member for personnel and labor at Deutsche Post DHL on 1 May. Titzrath has held a number of executive positions in the Daimler Group over th...
Brit Insurance strengthens logistics profile Brit Insurance has appointed industry specialist Bob Clarkson to be its senior marine hull underwriter. He will work closely with Simon Stonehouse, Anthony Forsyth and John Higham....
Hactl celebrates B747-8F with customer IAG Cargo Hong Kong Air Cargo Terminals Limited (Hactl) - the leading air cargo terminal operator at the world's No. 1 cargo airport - has joined customer IAG Cargo, through its brand Britis...
Pusan port to build huge logistics centre The port of Pusan (South Korea) is building a gigantic, 20 million sqm distribution park. The ambitious project within the grounds of Pusan New Port is slated to go into full servi...
Group7's CO2 calculator certified by TÜV Süd Group7, a German logistics company based in Schwaig, near Munich, has developed a CO2 calculator that delivers reliable emission values, according to the technical service corporat...
Hellmann UK announces partnership with Itella Logistics Hellmann Worldwide Logistics UK has announced a new partnership with Itella Logistics in Scandinavia. Commencing immediately, the new partnership will see round-trip trailers runni...
Kerry Logistics starts third phase expansion at Kerry Siam Seaport in Thailand Kerry Logistics has begun the third expansion phase of its facility at Kerry Siam Seaport (KSSP) in Laem Chabang (Thailand). Completion is slated for Q4/2012. Growing demand at KSS...
Insurers question whether Asian players can plug sanctions gap Shipowners that continue to trade with Iran will struggle to secure cover
Kevin O'Hara returns to AMA Capital Partners Advisory and finance boutique hopes to capitalise on banking relationships as it scouts distressed business
Suezmax standoff in West Africa ends in victory for charterers March deals to match level set by ExxonMobil
Six HCI Capital single-ship companies go broke Product and chemical tankers managed by Hellespont are subject of insolvency filing at Bremen district court
Capesize rates set to rebound in late February But profitable rates remain elusive, say brokers
Attempted piracy attacks climb 170% in January Reports of increased Somali mothership activity suggest level of crime will be maintained over coming months
Ocean Rig to build five drillships for Petrobras Brazil energy giant agrees 15-year charters
The big fight: Vale vs China Asia's dragon economy is squaring up to the Brazilian mining giant in a battle that is set to run and run
Long jail terms in Junior cocaine smuggling case Greek owner already sentenced to life, but ratings acquitted
Don't be cheap: save Maritime Chirp Safety programme's £200,000 annual budget falls victim to government cuts
Expect the unexpected It is at times like this that fortunes can be lost, or made by those with sufficient savvy and deep enough pockets
Global Ports eyes growth in Russia's container sector London listing raises $530m and secures access to capital markets for box terminal operator
FTA launches free service to advise on rail and water freight Mode Shift Centre to link with and expand the continuing work of Freight by Water
Antwerp port publishes first sustainability report Sustainability report is the end result of a year's work by several groups to reconcile 'the three Ps'.
Warming waters cool the tanker market Global warming means ice-classed vessels will become less useful
OSG suspends dividends as top hedge fund piles in Sources claim many of the company's ships are about to switch class
Hercules project aims to cut ship fuel consumption and emissions Europe's longest-running engine efficiency project starts third phase
Chinese foreign trade falls for first time in two years But crude oil imports reach record level in same month
South Sudan's oil to stay off the market for 2012 Further oil supply concerns set to keep bunker fuel costs high
Washington freezes assets of Tidewater Middle East Company is a major player in Iranian box and bulk businesses
US sanctions against Iran could set their sights on IG reinsurance Insurers could become the next target as Washington puts the squeeze on Tehran
Duisport posts 10% increase in box throughput Port handled 2.3m teu last year
Namura Shipbuilding offers brighter profits outlook Japanese yard cuts costs amid falling sales
Dire straits Few will miss the cross-Channel rate wars
Sevan and Teekay FPSO deal faces new delays Finance needed for Sevan Voyageur upgrade
APL to outsource US box trailer fleet Carriers pool equipment to cut costs
DP World turns to bankers for help with $1.5bn credit repayment Debt paydown talks come in wake of $2.4bn project finance deal to fund ports giant's London Gateway box terminal
FSL wants tankers back SINGAPORE'S FSL Trust told embattled Berlian Laju Tanker today it wants three leased vessels back
IEA cuts forecast again THE IEA today further pared its outlook for global oil demand growth in 2012, to just 0.9%
Huge eastern Europe sugar duty rise agreed RUSSIA, Kazakhstan, Belarus and Ukraine have decided on a huge rise in the minimum duty on imported sugar
Rhine links ice up LINKS between the River Rhine and Germany's canal network are reportedly being shut today, halting cargoes being transported between industrial sites in the west to Hamburg, Berlin and other cities
APL joins phase-out of US chassis APL SAID today it will begin phasing out its US fleet of truck chassis used to haul containers
Bulker handed back AS PRESSURE in the charter market rises, Simeon Palios-led Diana Shipping today announced the early redelivery of one of its Panamaxes
Pirates seize bulker LIBERIAN-flagged Free Goddess has been hijacked by Somali pirates in the Arabian Sea
Richards Bay coal shipments fall RICHARDS Bay in January exported about half the coal it shipped in December 2011, as high coal stockpiles in China discouraged shipments
STX Pan Ocean increases credit line STX PAN Ocean said today two of its substantial shareholders, STX Offshore & Shipbuilding and STX Corporation, would pledge more than 36
Back to the brainstorm SHIPPING is brainstorming for new sources of finance to replace bank funding, Norton Rose's latest transport survey revealed today
Car carrier sector seen braced for double-dip A LOW orderbook-to-fleet ratio for ro-ros means that car carriers would hold up in a double-dip recession, a report has determined
LNG charter rates hit peak SPOT RATES for LNG carriers continuing to climb today, with the cold snap in Europe and East Asia raising LNG demand amid tight vessel supply
Chemical rates keep firm CHEMICAL demand has softened since the Lunar New Year, but brokers told Fairplay today high bunker prices have prevented a big drop in rates
Pricier bunkers spur March VLCC bookings CHARTERERS of VLCCs with early March stems have started booking tonnage, as a $10 increase in Fujairah bunker prices is sparking anxiety
Humpuss unit bankrupt SINGAPORE'S High Court has declared bankrupt the Singapore subsidiary of Indonesia's PT Humpuss Intermoda Transportasi Tbk
ILA Hits NY-NJ Terminals With Mass Grievances An International Longshoremen's Association local headed by one of ILA President Harold Daggett's sons has bombarded four New Jersey container...
Q&A: Intermodal's Growth, Challenges and Environmental Impact JOC Editor Mark Szakonyi reports from Jacksonville, Fla., on discussions during the International Business Conference at the University of North...
Freeze Forces Germany to Close Key Shipping Artery Germany will shut a canal linking the river Rhine to Hamburg, Europe's second largest container port, late Friday night as...
FDA Blocks More Orange Juice Shipments Federal regulators found an illegal fungicide in three additional shipments of imported orange juice, bringing the total number ofshipments stopped...
Trucking, Rail Groups Call 'Truce' Over Big Trucks The trucking and rail lobbies are calling a truce in their battle over truck size and weight limits, hoping a...
Kintetsu World Express Profit Jumps 16.5 Percent Kintetsu World Express, Japan's second-largest international forwarder, posted consolidated net profit of $97.5 million for the first nine months of...
Hong Kong Holds Off Memphis as Top Cargo Airport Hong Kong International retained its title as the world's largest air cargo gateway in 2011, despite a decline in volume...
Freight Rate, Surcharge Update for Week of Feb. 6-10 Middle East carrier Emirates Shipping Line will apply a two-phase general rate increase for cargo moving on its Far...
US Trade Deficit Hits Six-Month High The U.S. trade deficit hit a six-month high in December, as growth in consumer demand and business investment caused imports...
APL to Stop Providing Chassis at Ports APL will begin phasing out its U.S. fleet of container chassis during the first half of 2012. The...
ProLogis Sells 13 Industrial Properties in UK ProLogis says its sale of 13 industrial properties in the UK totaling 3.5 million square feet will allow the logistics...
Mexico's Bull Rush When Honda, Nissan and Mazda announced last year they would build large new automobile plants in central Mexico to supply...
All Clear "We are all clear, not by a huge margin, but that is what the analysis tells me." That essentially was...
Secure Freight Companies often seek out reports on some markets or operations to learn things they don't already know. A new report...
Weighing Liability Limits Q: While researching via the Web, I ran across a question you answered a while ago on liability limits in...
Etihad Cargo Revenue Soars 25.7 percent Etihad Crystal Cargo is reaping the benefits of added capacity in a growing Middle East air freight market. ...
Euroseas Sees Weaker Container Ship Bookings Euroseas, the container and dry bulk ship owner, swung to a $1.1 million fourth quarter net profit from a $929,000...
'People and professionalism' are at our core These are two of the main messages to come out of AP Moller Maersk's new USD2.1 million corporate movie, which was shown to an invited audience in London earlier ...
DB Schenker to improve UK/Poland rail service DB Schenker intends to provide a second weekly service between Barking in the UK and Wroclaw in Poland in September. The current service departs from Wroclaw at ...
Greek strike threatens bail-out deal A 48-hour strike called from today by Greek trade unions in protest at proposed new austerity measures - including a 20% cut in the minimum wage - could influence ...
TSA launches second GRI as rates stabilise on back of volume increase Members of the Transpacific Stabilisation Agreement (TSA) are launching a second rate increase of USD300 per 40ft container from March 15 - just as spot ...
APM T's Monrovia upgrade programme is ahead of schedule APM Terminals (APM T) has announced that its rebuilding and expansion programme for the port of Monrovia, Liberia, is well ahead of the scheduled completion date ...
Auckland labour dispute deteriorates After last week's vote by 300 dockers at Ports of Auckland [PoA] for a week-long strike commencing February 24, PoA chiefs have vowed to keep the container ...
Unifeeder recommends Ust Luga as substitute for St Petersburg The strong Siberian winter has now arrived in St. Petersburg inflicting extreme weather conditions. According to weather forecasts, ice density from St. Petersburg ...
China's imports tank Chinese exports fell by 0.5% last month, compared to January 2011, but imports into the 1.3 billion populated nation declined by a much-bigger-than-expected 15.3%, ...
Savannah harbour expansion plan receives cash boost The Georgia Ports' Authority (GPA) Savannah Harbour Expansion Project (SHEP) has received a boost after being given an additional USD2.5 million in construction ...
South Africa's Zuma addresses infrastructure capacity and pricing Ocean carriers, shippers/consignees and the general public are all set to benefit from South African president Jacob Zuma's recent 'state of the nation'. Speaking ...
Lundh's chemical coup Swedish shipbroker races to cash in on management of small Turkish chemical tankers built on spec during the market boom.
RLOG on the up Great Lakes bulker specialist predicts another profitable year as expanded fleet lifts bottom line.
Full circle for finance man Investment banker Kevin O'Hara has rejoined New York boutique firm AMA Capital Partners after seven years.
Iran facing shipping squeeze Trade dwindling as Maersk and Hapag-Lloyd among those pulling out due to US and EU sanctions.
Strike three for Saverys Shipowner Marc Saverys continues to sell off stock in shipbroker Clarksons.
DSX plays down Daelim drama Cargill steps in as South Korean charterer coughs up cash to cover early return of bulker to US-listed owner.
Tough end for ASL Marine Singapore-listed offshore company sees revenue and earnings sliced by a quarter in the final period of 2011.
Dividend chop just the start Axing of shareholder payouts at OSG may need to be accompanied by asset sales, analyst says.
Peel plots post-panamax port Port of Liverpool owner ready to spend £250m on new containership facility at Seaforth.
Seabird swoops on contract Oslo-listed seismic outfit eases financial troubles with award of $13m deal.
GE earnings cut Weaker bulker markets in third quarter sees Indian owner's profit chopped, but tankers improve.
BLT has some backing Creditors are being supportive of Indonesian owner's restructuring efforts, says Kevin Wong.
George scores with Petrobras Greek magnate George Economou expands his offshore empire after winning a slice of enlarged project with Brazilian powerhouse.
Blast from the past Former Teekay man Paul Wogan returns to where it all began after taking up a senior role with IPO hopeful GasLog
Wallem on banks' speed dial Shipmanager one of the few not in a meeting when the banks come calling.
Bunker prices mostly firm as week ends Trading was busy on the US Gulf, according to players.
Greek operator to take delivery of 'environmentally friendly' VLCC Measures to reduce fuel consumption include propeller efficiency technology and a copolymer-based coating never before used on a VLCC.
EPA allows for coal ash discharge permit application One of the options set to be studied this summer is converting the SS Badger to LNG instead of coal.
India seeks 'declared goods' status for bunker fuel 'Declared goods' status will ensure uniform tax rate across Indian provinces.
Price movements mixed across Europe Hamburg deliveries still being disrupted by ice.
Prices mixed in Fujairah and South Africa Cape Town IFO deliveries available for supply up to and including February 24
Technology essential in helping fleet meet ECA requirements Government is investing in technology as switching to low sulphur fuel 'will be very costly,' Sustainable Shipping and Bunkerworld learns.
Work begins on BFC bunker barge Vessel will be last in a series of four.
Engine builders aim for 'near-zero emissions' Wartsila and MAN Diesel & Turbo enter phase three of HERCULES project.
High bunker prices stifling growth Indian shipping company drops plans to expand fleet.
Premiums slipping for fuel oil cargoes Indian refineries sell 380 cSt product for March loading at weaker prices.
Singapore prices soften but other markets firm Supplies of bunker fuels largely fine at major Asian ports on Friday.
Chemoil non-executive directors resign Representatives of Itochu Corporation, formerly the second largest shareholder in Chemoil, have resigned.
LNG could become 'dominant' fuel source for ships LNG 'one of the most promising new technologies for shipping,' says GL's head of environmental research.
TSA carriers seek 'meaningful' rate recovery Plans a second rate adjustment ahead of the annual contract talks in bid to restore revenues.
LNG has future in bunkering, says survey 97.5% of LNG professionals surveyed says LNG will 'come to fruition' as fuel for ships.
Filipino shipowners 'support' of IMO's enivronmental goals Climate change 'concerns not only the shipping industry,' says FSA chairman.
Chemoil selects tax processing softwares FuelQuest softwares to help drive operational consistency and provides a better quality of service, says Chemoil.
Americas bunker market surges Trend in line with Europe and the Middle East.
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