Corpus Christi replaces director of engineering services The port Corpus Christi TX (USA) is promoting David Krams to director of engineering services under the supervision of the deputy port director of engineering, finance and administ...
Volvo Trucks: strong growth in North America In the first two months of 2012, the heavy-duty Volvo truck market in Europe 29 (EU, Norway and Switzerland) reached 35,000 vehicles, down by 3% compared to 2011. During Q1/2012, t...
BLG appoints Katja Windt to advisory board The German service provider BLG Logistics appointed Professor Katja Windt, chair of global production logistics at the Jacobs University in Bremen, to its advisory board at the beg...
Eritrean Airlines started South Africa service Two weeks after resuming flights to Frankfurt (see ITJ Daily of 19 April 2012) East African Eritrean Airlines inaugurated a service to South Africa on 7 May 2012. The carrier oper...
Genesee & Wyoming signs rail line leasing agreement The US company Genesee & Wyoming Inc (GWI) has announced that its newly formed subsidiary, the Columbus & Chattahoochee Railroad Inc (CCR), has signed an agreement with Nor...
Tallink transports more cars but less freight in April The AS Tallink Grupp carried a total of 745,770 passengers in April 2012, 1.6 % more than in the same month a year ago. In addition to people, Tallink transported 84,233 passenger ...
Emergency transportation funding for Oregon, Alabama and South Carolina The US Department of Transportation has provided USD 20 million to help cover the costs of repairing roads and bridges damaged by natural disasters or catastrophic events. The mone...
DAA statement on Irish Government decision regarding airport re-organisation The Irish Government recently announced that it intends to position Shannon Airport within a new entity together with parts of Shannon Development while maintaining Cork Airport w...
Naviland Cargo with new deputy CEO Frank Bensaid was recently appointed deputy CEO of Naviland Cargo (SNCF Geodis). He is responsible for sales and marketing activities amongst others. Prior to this, he was director...
Fewer goods on Germany's inland waterways Germany's Federal Statistical Office (Destatis) reported that a total of 222 million t of goods were transported on the country's inland water ways in 2011. This equates to 3.3% le...
Hupac inks MoU for joint terminal strategy in north Italy The Swiss intermodal service provider Hupac, representatives of Cemat (an Italian intermodal operator) and the Italian state railway ferrovie dello stato signed a memorandum of und...
BLG Logistics: sales top the EUR 1 billion mark for first time Last year the Bremen (Germany)-based service provider BLG Logistics Group generated sales of over EUR 1 billion for the first time in its history. The exact amount was EUR 1.008 bi...
Norbert Dentressangle using the River Seine The French transport and logistics company Norbert Dentressangle is to use the River Seine (France) to transport goods to stores in Paris on behalf of leading convenience retailer,...
IAG Cargo grows in Q1 IAG Cargo, the single business created following the merger of British Airways World Cargo and Iberia Cargo, recently reported its results from 1 January to 31 March this year. The...
NOL faces an uphill battle Questions loom over Singapore line's third-quarter performance
Can box lines learn from past mistakes? More capacity, lower utilisation and good old-fashioned greed put solidarity to the test
OECD talks to focus on defining credit support for green ships Japan proposes an easing of the financial burden of ordering ships that carry a substantial premium due to their technologies
Zodiac looks to winds of change with new project Totempower tests turbine use on capesize bulker to trial new energy source
China coastal trade absorbs domestic newbuilding boom EXCLUSIVE: Majority of owned and flagged small bulk carriers employed in domestic coal trade
Capital Product Partners tackles $150m debt with share issue Company says deal with group of investors allows it to grow
Quiet man of shipping Hapag-Lloyds's Ulrich Kranich is among the best in the business, say colleagues
VLGCs buoyed by growth in Opec natural gas liquid output Vessels earn more than $1m per month
Concern grows over Guardcon insurance requirements Clause 12 is the 'elephant in the room', says Askins
'Chaos' descends on demolition market Rates fall despite a surge in scrapping capesize bulkers
China announces stimulus package State reduces banks' capital requirements
STX Europe sees new challenges to cruise and ferry orderbook Several potential cruise or ferry newbuilding projects, but ordering remains constrained by limitations of funding and overcapacity
Chemical tanker owners face bankruptcy, claims report Drewry forecasts decline in rates
MR ordering spree continues Rumours of 10 newbuilding contracts circulate on the sale and purchase market
Torm gets more time Struggling shipowner wins reprieve from paying debt instalments while restructuring plan is prepared
Complacency is not an option The conditions that allowed piracy to flourish have not changed, despite the fall in hijackings
Bulker prices continue to drop Sanko withdraws capesize from the market after vessel arrest
Jean-Louis Cambon dies Leading campaigner on behalf of shippers succumbs to long illness aged 59
Speak out to combat piracy, urges IMB Attacks are under-reported in West Africa, bureau claims
Global Ship Lease pays down debts Repays $11.8m of debt despite fall in revenue and rise in days lost to drydockings
HCI reports small first-quarter profit Improved result follows cost-cutting drive
Easy, markets Last week's sell-off of Asian box line stocks was an overreaction
Costs eat into Swiber's first quarter growth Revenue grows by 30% as orderbook reaches $1.2bn
Stanzel appointed Intertanko managing director Tanker owners' lobby unveils five-year strategic plan
Nam Cheong doubles first-quarter profits New line of offshore supply vessels boosts earnings
Singapore bunker sales rise 3.5% in April Growing demand tracks gradual fall of prices
RCL faces intra-Asia doldrums Thai line hit by sagging demand as CIMB rethinks outlook for regional box sector
HCI returns to black GERMAN KG issuing house HCI Capital racked up net profits of €1.8M ($2.31M) in the first quarter after a '1.7M deficit in the same period last year
Cruise yields seen recovering UBS ANALYST Robin Farley predicted today cruise yields will recover in 2013, but warned that no relief is in sight for the newbuilding sector
CPP sale to ease debt CAPITAL Product Partners confirmed today it will sell preferred equity to ease its debt payment schedule
Oz study sees assured supply of gas AUSTRALIA's identified gas resources are extensive enough to last for almost two centuries at current production rates, a report said today
Seadrill sees $600,000/d SEADRILL today predicted its charter rate for deepwater drilling units is likely to exceed $600,000 per day in coming months on the back of strong demand
Salvors assess ship after mystery blast DIVERS are today assessing whether a stranded box ship can be repaired at sea, the US Coast Guard told Fairplay
Jiangsu Eastern profits dive 54.6% SINGAPORE-listed Chinese shipbuilder Jiangsu Eastern said today 1Q12 profits dove 54.6% year on year to 14.4M yuan ($2.2M)
Stanzel to lead INTERTANKO KATHARINA Stanzel has been promoted to managing director of INTERTANKO
Seafloor cable operating WACS, a 14,500km fibre-optic seafloor link built by cable ships, has begun operating from South Africa to the UK, IHS Global Insight reported today
China move seen as drybulk boon CHINA has cut the reserve ratio requirement of banks for a third time since December, which should boost the drybulk sector, a shipping analyst said
Iran P&I feels nibbles ASIAN tanker operators were reported today to have approached Kish P&I Club of Iran for insurance coverage, in another reaction to Western sanctions against Tehran
Acid trips up Oz port SYDNEY'S Port Botany was badly disrupted today after a leak of nitric acid from a container forced half the port to be closed
Adani profits grow 20% ADANI Ports & Special Economic Zone said consolidated net profits were 11.02Bn rupees ($220M) in 2011-12, up 20% from the previous financial year
Muuga total rises 47% MUUGA Container Terminal in Estonia said today throughput in April was 47% above the same period of 2011
Thailand's RCL cuts losses THAILAND'S intra-Asia carrier RCL said today it lost 494M baht ($15.8M) in 1Q12, from losses of 714M baht in 1Q11
Diesel Prices Fall Nearly Below $4 Mark Diesel prices across the U.S. dropped nearly below the $4 per gallon mark, dropping roughly half a cents in the...
US Takes Poultry Export Complaint Against India to WTO U.S. poultry shippers came a step closer to possibly breaking Indian restrictions on their exports after Ambassador Ron Kirk requested...
MSC Vessel Under Repair After Onboard Explosion A Mediterranean Shipping Co. vessel appears to be undergoing repairs after an onboard explosion rocked the 900-foot container ship roughly...
Revenue, Income Slip at Global Ship Lease Global Ship Lease's first quarter net income fell to $8 million from $10.8 million a year ago as the NYSE-listed...
US Poultry Exports Set Records U.S. poultry exports in the first quarter set records for quantity and value, according to the U.S. Foreign Agricultural Service....
Virginia to Be First Inbound Stop in New Asia Service The Port of Virginia will gain a "first-in" vessel call in June when MOL will begin making weekly calls at...
FTR Forecasts Higher Truck Rates Shippers can expect more upward pressure on truck pricing through the fall as available capacity tightens, according to research firm...
CBP Official: Security Partnerships Help Protect International Supply Chains The United States has formed a number of security partnerships with other nations since the terrorist attacks of Sept. 11,...
Three Asian Powers to Launch FTA Talks China, Japan and South Korea have formally agreed to launch negotiations on a trilateral free trade agreement (FTA) by the...
Japan Airlines Posts $2.3 Billion Net Profit Japan Airlines Corp. (JAL) said on Monday that it posted a net profit of $2.33 billion on a consolidated basis...
Pirates Seize Oil Tanker Pirates hijacked a Liberian-flag oil tanker with 26 men on board in the Arabian Sea off the coast of Oman...
Truckload Rate Hikes Slowed in April, Cass Says Truckload rates decelerated in April, rising 6.9 percent year-over-year, compared with a 7.4 percent increase in March, according to Cass...
Faceoff at CP to Shape Intermodal Market A Memphis native who got his start as a carman-oiler in 1963 found himself four decades later running Canadian National...
On Damaged Goods: Salvage a Claim, Not the Wreckage Q: Your reply to the question about the carrier's right to pick up damaged goods in the March 19, 2012,...
FedEx Customs Critical Adds Value With Technology Just about any shipper using FedEx Custom Critical's White Glove service wants premium security, visibility and monitoring services in addition...
Expedited Carriers See Rapid Growth, Built on Speed In a business built on rapid, time-definite delivery of critical pharmaceuticals and high-value electronics parts, one might ask: Why would...
Truckload Priority: Better Jobs, Higher Pay What's the biggest priority for truckload carriers this year? "Drivers, drivers, drivers," said John Conley, president of the National Tank...
Truckload Carriers Braving Higher Costs By Raising Rates Truckers aren't typically shy or coy, and truckload carrier executives at the NASSTRAC 2012 Logistics Conference weren't afraid to let...
Container Industry at a Crossroads: Reflections of Time and Tide A story in a non-maritime-related publication caught my eye the other day: April 26 marked the 56th anniversary of the...
S. California Ports Advance Programs to Cut Emissions Shipping lines that call at U.S. ports will have to comply with much stricter fuel requirements over the next several...
NVOs Are Holding Their Gains in Market Share After non-vessel-operating common carriers enjoyed a growth spurt during container shipping's 2009-10 bust and recovery, some wondered whether they could...
3PLs Finding Success in the RFP Process We talked with Unyson Logistics' Art Nourot, vice president of procurement, and Mick Noce, senior vice president of engineered solutions,...
Rising Transportation Costs Pressure 3PL Margins When trucking companies are stung by rising costs, third-party logistics providers share their pain, very quickly. Rising transportation costs are...
Customs Plods On With Trade Enhancement Programs The October 2010 discovery of bomb-making materials from Yemen in express air cargo shipments bound for the U.S. served as...
RCL's pain spills over to Q1 The substantial Q4 2011 losses racked up by Thai-based container shipping line, Regional Container Lines [RCL] continued into the first three months of ...
Shippers plea for fairer EU rail competition Independent railway companies and users of rail services have appealed to the European Parliament (EP) to reject a counter proposal from the EU's Council of Transport ...
Gulftainer executive elected to AFFFAL Ibrahim Serhan, the representative for the Sharjah (UAE)-based Gulftainer Group in the Arab Federation for Freight Forwarders and Logistics (AFFFAL), has been elected ...
Kerry sets up joint venture with Mosskito Logistics Hong Kong-based Kerry Logistics has taken further steps to expand its presence in the faster growing perishable products sector by linking up with Australia-headquartered ...
Hanjin's losses spiral for Q1 South Korean shipping line Hanjin has seen losses in its container sector worsen for the first quarter of this year versus Q1 11 due to high bunker costs and 'delayed ...
Salalah in 'Outward Bound Oman' project Salalah Port Services Company SAOG (SLPS), in which APM Terminals has a 30% shareholding and the responsibility for managing Oman's largest port, Salalah, has announced ...
Michelin's Jean-Louis Cambon dies Jean-Louis Cambon, head of Michelin's Ocean Management Committee and outspoken chairman of the European Shippers Council's Maritime Transport Council, died of cancer ...
MSC ship in 'welding accident' explosion The 4,651TEU MSC Idil is awaiting the report from a commercial salvage team after it suffered an explosion last Friday, approximately 60 nautical miles ...
Arbitration avalanche Globus Maritime's first-quarter financials overshadowed by $2.5m in unsettled claims against Transgrain and Allied Maritime.
Titan nears tipping point Cash-strapped owner in dire straits as it sheds ageing product tankers while Grand China drama continues unresolved.
Cockett's coup Overseas expansion looks increasingly likely as Connecticut-based bunker veteran storms Grindrod oil unit's top ranks.
Analysts line Capital catwalk Terms of nine-digit fundraising exercise met by mixed reviews on Wall Street but most agree payout preservation is positive.
STX Europe profit trimmed Weak cruise and ferry business cuts shipbuilders earnings.
Princess sued after deaths Surviving fisherman files suit against owner in Florida, alleging Star Princess failed to help his boat off Panama.
Jam-packed KS Maritime continues to clean house while scrap heaps overflow on the heels of demolition avalanche.
Cement carrier hard aground Coast guard says Jebsen cargoship stuck off Morko in Sweden with a breached hull.
GSL off to steady start New York-quoted containership owner sees hope on the horizon following profitable quarter and freight rate increase.
Bergen bags repeat deal Terje Arnesen-led firm could pocket up to $17m from another deal with Semco Maritime.
STX OSV earnings shaved But the Singapore-listed shipbuilder says the signs point to renewed demand for high spec tonnage.
Sanko sells AHTS pair Malaysian offshore owner raids Japanese owner for twin anchor handlers.
AIT announces management buyout AIT Worldwide Logistics' co-founders Dan Lisowski and Steve Leturno have sold majority ownership of the company in a management buyout to the newly created board of directors headed by Vaughn Moore, president and CEO.
SeaIntel: Weekly Asia-Europe capacity swings significant The analysis finds capacity could vary by more than 20,000 TEUs per week across the next 12 weeks. "This is the equivalent to the rapid phase-in/phase-out of two super-post-Panamax strings."
SC Line's ro/ro service starts at Port Everglades SC Line has begun a new service catering to shippers of new and used vehicles, boats and heavy equipment from Port Everglades, Fla., to Colombia, Panama and the Dominican Republic.
Daewoo starts building 'Triple E' ship The 18,000 TEU "Triple E" containerships will measure 400 meters in length and 59 meters in width. It will be 16 percent larger and carry 2,500 more containers than Maersk's largest ships today, the Emma Maersk series.
Shanghai to measure PM2.5 emissions As the port continues to thrive, the US consulate look to increase transparency on air-quality data.
Steve Leonard joins Cockett Marine Oil Leonard has previously worked for WFS and Aegean.
Aramco Trading hopes to triple volumes 'soon' 'First priority will be to balance supply and demand - selling excess naphtha and fuel oil and buying in gasoline and gas oil,' says source.
IFO prices still falling in Fujairah Little change in Suez market.
Market soft in Rotterdam Player warns of barge congestion and tight avails for the rest of the week.
INTERTANKO reiterates stand on fuel quality ECA compliance through use of cleaner fuels may be 'attractive' compared with 'significant cost' of equipping ships with scrubbers.
US legislators strike blow against biofuel ambitions 'It simply doesn't make sense to be spending extra dollars when we're trying to cut costs,' congressman tells Armed Services Committee.
New Managing Director for INTERTANKO Katharina Stanzel taking over from Joe Angelo in July, association's Council finalising five year strategic plan.
Singapore bunker sales climb for second month in a row April bunker sales strengthen as prices weaken.
Bunker prices in Asian ports resume their slide Players report good avails.
Official says Iran still hoping for 50% of regional bunker market Iran's central bank and oil ministry should support the private sector in developing the bunker sector.
Quarterly profit of Knightsbridge Tankers slightly down Firm noted a 8.6% increase in cost of bunkers at Fujairah during Q1 2012 compared to previous quarter.
Supplier 'not suggesting' vessels must carry different BN marine lubes Vessels should use cylinder oil based on predominant operating conditions, says Castrol Marine.
Titan 2011 losses widen by 35% Its bunkering business records revenues of $60 million from a single customer.
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