BNSF names Columbus & Greenville Railway as Shortline of the Year The Columbus & Greenville Railway (CAGY) was named Shortline of the Year by the US transport service provider BNSF. CAGY, which is owned and operated by Genesee & Wyoming a...
Steve Bobb becomes BNSF Railway's chief marketing officer The US transport provider BNSF Railway has named Steve Bobb as an executive vice-president and its chief marketing officer, with responsibility for BNSF's sales, marketing, custome...
Kenya launches flagship road project Kenya has launched the Nairobi-Thika superhighway, one of the most ambitious infrastructure projects in the country's history. The 50 km long and eight-lane wide ultra-modern supe...
Philippe Donche-Gay to head Bureau Veritas's marine and offshore division The classification company Bureau Veritas has merged its marine and offshore activities into one division, with a global network divided into four key areas. Philippe Donche-Gay ha...
Slowdown in Denmark's international lorry traffic The volume of truck traffic crossing Denmark's borders has dwindled according to the latest border census by the trade association for the Danish road transport (ITD). There was an...
Lufthansa Cargo flies Beaujolais Nouveau to wine lovers around the world Whole planeloads of red wine are not such a rarity each year in November. The German carrier Lufthansa Cargo alone is flying 550 t of Beaujolais Nouveau this month, to the delight ...
Emirates Group sees net profit rise by 68% The Emirates Group has announced robust half yearly results, despite continued global economic pressure and continued high fuel prices. The Dubai-based group posted an AED 2.1 bill...
Emissions trading scheme: Europe is "stopping the clock" The EU Commission said that based on the encouraging results of the ICAO Council meeting on 9 November the EU is convinced that a global solution for addressing the fast growing av...
Hapag-Lloyd increases Q3/2012 revenues and profit The German shipping company Hapag-Lloyd achieved revenues of EUR 1.8 billion and an operating profit of EUR 86.6 million in Q3/2012. The transport volume amounted to 1.3 million t...
Russian Railways to invest more than EUR 107 billion next year Russian Railways will add RUB 64 billion (EUR 1.58 billion) to its investment programme 2012, thanks to the efficiency raising measures. The previously approved investment amount w...
Moldtrans opens new branch office in Seville Grupo Moldtrans, a Spanish logistics service provider headquartered in Barcelona, recently opened a new branch office in Seville (Spain).
DHL's new logistics centre for Primark now up and running The contract logistics service provider DHL Supply Chain has officially inaugurated a new logistics centre for its client Primark, the clothing retailer, in Mönchengladbach (German...
DB Schenker gets new logistics capacity for the greater Tokyo area Schenker-Seino Co Ltd has signed a ten-year lease agreement with the Redwood Group for a build-to-suit warehouse in the greater Tokyo area. The logistics centre will provide additi...
OSG Chapter 11 filing follows failure to forge deal with creditors, says Arntzen Exclusive interview: 'We are a good company with good people and good assets, but with too much leverage'
Survival of the fittest Hong Kong's story is one of endurance, resilience and lessons hard learned
Hamburg reports drop in box throughput Imports from top trade partner China fall 12% during first nine months
Did OSG enter Chapter 11 with the exit in view? Comment: firm's future demands effective restructuring and creditor negotiations
Embiricos orders two boxships from Hanjin's Subic yard Post-panamax pair lead pick-up in Greek boxship investment after lull
Approaching ice season boosts demand for feeder vessels Ice-class 1,000 teu ship chartered for $6,600 per day over winter
Is the bunker price rigged? Energy price-fixing scandal filters down to marine fuel
OSG files for Chapter 11 Updated: Attention turns to tax issue as company pledges to 'significantly reduce debt'
Dover Harbour Board sells freight services firm to Motis Ireland Irish freight agency takes a long-term lease to develop lorry park at the port
Norton Rose merges with US law firm Move creates a top 10 global legal practice by team numbers and gross revenue
Fixture rush lifts VLCC rates as supply-demand balance improves November bookings hit record for the year
Stena chief slams 2015 sulphur emission rules Ferry giant will use methanol to reduce bunker consumption by 2.5% a year
STX OSV reports slow demand for high-end anchor handling vessels Third quarter brings steep drop in revenues and net profit
Mutual appreciation Strengthening Asian currencies add to pressure on regional yards
Swiber's nine-month net profit rises 14% Singapore-listed offshore services provider sees revenues jump 47%
STX Pan Ocean sees its third-quarter losses more than double Stronger won delivers new blow to South Korea's largest dry bulk operator
No safe havens Ten years after Prestige spill, coastal states are turning away ships in trouble
Spain's competition authority fines six shipping firms 'Cartel' controlled passenger and cargo services to Morocco
Deals back Goldenport commitment to short-term chartering London-listed owner lays up two boxships
GL demands emergency response overhaul after MSC Flaminia debacle Mandatory ship sanctuaries a possible solution, says class society
Now is the time to order eco-ships, says Norden Cash-rich owners should seize the moment, chief executive says
China sees growth slow for coastal bulker fleet Overcapacity worsens in chemical tanker sector
Cosco sells stake in aviation logistics venture with China Eastern Airlines Move will hardly affect troubled Chinese shipping giant
Odfjell hit by weak chemtanker market and troubles in Rotterdam Safety upgrades continue at Dutch tank farm
Ocean Wilsons secures finance to build tugs for oil and gas ventures Brazil has 'gigantic pent-up demand' for support vessels, says billionaire
James Fisher reports 14% increase in third-quarter revenue Focus on Asia-Pacific and other developing regions generates growth
ICTSI takes control of private Philippines port Gulf of Davao terminal handles some 300,000 tonnes a year through two berths
Cosco and CSSC form strategic tie-up that will target shipbuilding Pact 'a gesture' to secure government subsides, says analyst
DVB reports 'sound' nine-month operating performance Transport finance business exposures are paying off, says chairman
Norton Rose, F&J combine LONDON'S international law firm Norton Rose, a major transport player, said today it is combining with US law firm Fulbright & Jaworski
Asset sale lifts DVB GERMAN shipping and transport bank DVB today reported a 7.8% year on year increase in pre-tax earnings for the first nine months
Port strikes suspend Prestige spill trial SPAIN'S Prestige spill trial was unexpectedly suspended today when a general strike heavily disrupted public services in Europe
Semisubmersibles fuel COSCOL's huge rise COSCO Shipping said cargoes on its semisubmersibles soared by 124.19% year on year in October
German feeder owners suspend eG alliance A GERMAN co-operative of owners of feeder box ships said today it plans to suspend activities - just one year after forming
EOC timecharters FPSO SINGAPORE-based EOC said today it has won a three-year contract to timecharter an FPSO
Legal challenge rejected in fatal collision A FRENCH court has rejected a Turkish shipping company's jurisdictional challenge in a fatal collision
US box imports defy Sandy US BOX imports are forecast to increase 5.9% to 1.37M teu in November despite Hurricane Sandy, according to a US shipper group
Swiber rides 47% surge in order wins OFFSHORE player Swiber Holdings said today profits in the first nine months grew 14% following a 47% surge in revenues caused by healthy order wins
Odfjell sees further losses ODFJELL today warned of 4Q12 losses after problems in its tank terminals business and weak freight markets for tankers caused a poor 3Q12
Norden unveils reason for 2013 optimism DENMARK'S Norden expressed cautious optimism about prospects by the end of next year in its key drybulk sector, on better tonnage balance
Hyundai Mipo Dockyard's profits drop by 45% HYUNDAI Mipo Dockyard's 3Q12 net profits plunged 45.1% year on year to 31.887Bn won ($29.3M) amid the global shipbuilding slump
Gazprom pipeline deal signed GAZPROM has completed a deal with Slovenia to build the South Stream gas pipeline to Europe
Penguin's profits dive 91% SINGAPORE shipbuilder Penguin International posted 91% drop in profits for the first nine months of the year
Multi-Location Distribution Networks Seen as Future for Supply Chains Challenges in supply chains, such as shifts in global sourcing and new and multiple channels to market, are likely to cause a switch to multi-location distribution networks, said Peter Ward, cargo supply chain commercial manager at DP World London Gateway, at a Jones Lang LaSalle meeting in Birmingham, England, on...
Werner Pays $109 Million Special Dividend Werner Enterprises, the third largest U.S. truckload carrier, will pay shareholders special dividends totaling $109 million on Dec. 13, the company said today. The $1.50 per share special dividend is in addition to a 5 cent per share quarterly dividend that shareholders will receive Jan. 22, according to Werner. This is the...
Port of Seattle Earmarks $225.5 Million for 2013 Projects The Port of Seattle Commission preliminarily approved its 2013 budget on Nov. 13, including $225.5 million for projects to create jobs, promote environmental initiatives and relieve freight congestion. Major projects include renovation of North Satellite Terminal and escalators at Sea-Tac International Airport; dock improvements at Terminal 46 for container cargo; creation...
Transportation Insight Promotes Baltz, Easley Chris Baltz, new president and CEO of Transportation Insight. Hickory, N.C.-based logistics provider Transportation Insight recently appointed Chris Baltz, formerly chief strategy officer, to president and CEO; and Laura Easley, formerly chief solutions officer, to chief operating officer. Paul Thompson, founder and former CEO, will remain chairman of the board of directors. Baltz...
Miami, FEC Railway Position South Florida As Big Ship Gateway ANAHEIM, Calif. - The ports of Miami and Port Everglades and the Florida East Coast Railway are deploying a "build it and they will come" strategy to position South Florida as a gateway for trade with Asia in the new era of big ships. The multimodal strategy includes deepening the Port...
Sandy-Diverted Containers Costing Shippers a Bundle Shippers this week are still struggling to recover import cargo that was bound for the Port of New York and New Jersey at the end of October when Hurricane Sandy forced inbound container ships to unload at other East Coast ports. The diversion is presenting importers with a hefty bill...
US Poultry, Egg Exports Set Year-to-Date Records U.S. poultry exports in the first three quarters of 2012 were valued at $4 billion, increasing 14 percent from the same period in 2011 and setting a new year-on-year record, according to data from the Foreign Agricultural Service, the USA Poultry & Egg Export Council reported. U.S. exports of table eggs and...
OIA Global Acquires International Transport Services Transportation and supply chain company OIA Global has acquired International Transport Services, a Cleveland-based transportation and warehousing provider. OIA's acquisition reinforces the company's acquisition growth strategy by expanding its footprint in the Ohio region, specifically the Cleveland, Akron and Toledo areas. It broadens OIA's network from six to seven offices in...
JLL's Meyer Discusses E-Commerce, Container Demand in 2013 Craig Meyer, international director and head of industrial brokerage at Jones Lang LaSalle, discusses his outlook for container demand in 2013, as well as his thoughts about how e-commerce has changed buying patterns in the industry with Joanne Bestall at the NAIOP Development Conference in Washington, DC. ...
Yusen Launches Taiwan-Los Angeles LCL Service Supply chain firm Yusen Logistics recently added a less-than-containerload service from Taiwan to Los Angeles. The direct service sails from Keelung, Taiwan, every Tuesday and arrives in Los Angeles 13 days later. The company has been bolstering LCL services to match demand for flexible shipping options, according to Joseph Goldman, director of...
Sweden Opens First Liquefied Biogas Facility Goteborg Energi, the municipality of Lidkoping and Swedish Biogas International have opened Lidkoping Biogas, Sweden's first liquefied biogas facility, providing support for sustainable fuel for heavy transportation. The opening ceremony was held at the biogas plant by Kia Andreasson, chairman of Goteborg Energi; Kjell Hedvall, mayor of Lidkoping, and Peter Unden,...
Atlas Air Worldwide Dispatchers Ratify Contract Outsourced aircraft and aviation operating service provider Atlas Air Worldwide announced that dispatchers of its subsidiaries, Atlas Air and Polar Air Cargo Worldwide, have ratified a five-year collective bargaining agreement. The company's dispatchers are responsible for planning and monitoring the progress of aircraft during flight and, along with the pilot in...
Hurricane Cost ABF Freight Tonnage, Revenue Hurricane Sandy contributed to a 1.7 percent year-over-year decline in daily tonnage in the early fourth quarter at ABF Freight System, the company said today. ABF Freight is one of the first motor carriers to try to quantify the financial damage the October storm did to its freight business in the...
US House Votes Against EU Aviation Emissions Tax The U.S. House of Representatives recently approved legislation to ensure the U.S. will not participate in a European Union plan to tax American and other nations' aircraft operators and air carriers for emissions when flying into or out of the EU. The bill, H.R. 2594, the European Union Emissions Trading Scheme...
INTTRA, Security Cargo Network Team Up INTTRA, an e-commerce shipping platform, and Security Cargo Network, an alliance of international freight forwarders, have partnered to provide INTTRA's ocean shipping solutions to all SCN members. The partnership allows SCN members to plan, execute and track ocean shipments through a single network, increasing productivity and efficiency, SCN President Dave Lucia...
Descartes Acquires UK SaaS Provider Exentra Logistics technology company Descartes Systems Group today acquired Exentra Transport Solutions, a U.K.-based provider of software as a service in the European Union. Exentra's cloud-based compliance management platform, Smartanalysis, helps customers leverage data from a vehicle's tachograph, a device that automatically records speed and distance, to comply with EU legislation governing...
US Toy Imports Inch Up Containerized U.S. imports of toys inched upward in the third quarter, growing 0.3 percent versus the third quarter of 2011, according to data from PIERS, a JOC sister company. During the quarter 159,976 20-foot-equivalent units of toys were imported through U.S. ports, up from 159,515 TEUs in the third quarter...
India Seen as Fastest Growing Market for US Exports India will be the fastest growing market for U.S. exports in the future, set to expand at an average rate of 12 percent per year from 2016 to 2020, and 10 percent annually from 2021 to 2030, according to a report released by HSBC Commercial Banking. India, China, Vietnam, Indonesia, Egypt,...
Tampa Port Picks Jaxport's Anderson for CEO Spot Florida's Tampa Port Authority board of commissioners appointed A. Paul Anderson as port director and chief executive on Nov. 13, after a selection committee chose him as a top-ranked finalist for the position. Anderson will succeed Richard Wainio, who had served in the position since 2005. The TPA board directed William "Hoe"...
GL demands emergency response overhaul after MSC Flaminia debacle Germanischer Lloyd is calling for a complete overhaul of emergency response procedures for ships in distress in or close to European waters after coastal states ...
Act of God and other threats to JIT A casualty at sea; severe weather; strikes and even lack of consultation on slow-steaming, these are some of the situations that can put a spoke into the ocean ...
RCL slips back into the red Thai-based Regional Container Lines [RCL] fell back into negative territory in the third quarter after moving back into the black in the previous three months emphasising ...
Eurozone workers walk out More trouble for the beleaguered eurozone as workers in many states downed tools in solidarity today in a general strike against rising unemployment and draconian ...
Intermodal restructuring sees profits dip at HHLA
MSC celebrates maiden direct Haifa call
Samskip offers new 'fast' Russian link Netherlands-based Samskip Multimodal Container Logistics has commenced a weekly express short sea container service from Rotterdam to St. Petersburg via Stockholm.In ...
American plays down OSG American Shipping Company (AMSC) has told shareholders that it does not expect to take a major hit from Overseas Shipholding Group's filing for bankruptcy protection.
Westgarth to exit Teekay Intertanko chairman Graham Westgarth is leaving his role at Teekay, where he is in charge of innovation, technology and projects.
Norton Rose in US merger Law firm Norton Rose has unveiled a merger with Houston-headquartered Fulbright & Jaworski.
Ultrabulk ditches and fixes Ultrabulk has cancelled charter contracts for a pair of delayed kamsarmax newbuildings under construction at Zhoushan Jinhaiwan Shipyard in China and has instead plumped for a new eco-design supramax at a Japanese shipyard.
Strikes shut European ports Key ports in Greece, Portugal and Spain have been closed or disrupted by coordinated anti-austerity strikes.
Capital extends for more Nasdaq-listed Capital Product Partners (CPP) has tied up two tankers on time charters for another year at better rates.
DESSC looks elsewhere John Fredriksen's Deep Sea Supply is still on the lookout for alternative employment for a trio of North Sea-based anchor handler tug supply vessels.
OSG finally files Cash-strapped US tanker owner Overseas Shipholding Group (OSG) has admitted defeat in restructuring outside court by filing for Chapter 11 bankruptcy protection in Delaware.
Great Harvest warns Hong Kong bulker owner Great Harvest Maeta has told investors it expects to post a six-month loss as rates tank.
Rokke buys, BlackRock sells Kjell Inge Rokke has taken a significant chunk of shares in OSG at the same time as financial heavyweight BlackRock is slimming its interest in the ailing US owner.
Swiber adds $140m Swiber Holdings has made the first major addition to its contract backlog in the second half of the year.
CP Offen crewman missing The search for a Filipino crewman missing from a German boxship has been called off.
Ultrapetrol in cash coup Argentina's Ultrapetrol has secured a huge cash injection from a major private equity investor.
Bulk blues bite STX PO STX Pan Ocean slipped to a loss of more than $250m in the first nine months of the year as red ink ran through its bulker, container and tanker divisions.
Gulf Nav cuts loss Dubai tanker owner Gulf Navigation has reduced its third quarter loss despite a fall in revenue.
STX OSV profit shrinks Korean-controlled shipbuilder STX OSV has seen nine-month profit fall as revenue dropped in the shipping slump.
Norden breaks dry duck Norden has returned to the dry-cargo newbuilding market for the first time in a couple of years as it looks to update its fleet with fuel efficient vessels.
James Fisher on track UK marine services group James Fisher said on Wednesday its small products tankers continued to make progress in the third quarter, but its main focus has shifted elsewhere.
EOC bags FPSO deal EOC has finally found a taker for an FPSO that has lain idle for the past year.
Wilson finances tugboats Wilson Sons has tied up finance for the 12 tugboats purchased from Damen Shipyards yesterday.
Norden short in third Norden has turned in a weaker than forecast third quarter performance.
Condor back at Weymouth Cross-Channel operator Condor Ferries will return to the UK port of Weymouth when the ferry berth is fixed in 2013.
Odfjell loss grows Norway's Odfjell has posted a bigger deficit in the first nine months as chemical tanker markets remained weak.
DVB profits head higher DVB Bank has bucked the shipping industry downturn to post a 13% rise in profits after nine months of the year.
Nexim eyes new line Nigeria Export Import Bank (Nexim) says it is still looking into a way to set up a regional shipping line that would be run by the private sector.
Vopak in Sabic tie-up Vopak is teaming up with Saudi Arabia Basic Industries Co (Sabic) to jointly invest in a new terminal in Saudi Arabia.
LDC profits down 20% Louis Dreyfus Commodities has revealed a 20% fall in interim profits in its first ever set of published results.
CIT back in shipping CIT Group Inc is returning to blue water ship financing after an absence of well over a decade from the sector.
Uni-Asia eyes handies Uni-Asia Finance Corp says the continued depressed state of the shipping sector could tempt it to invest in new tonnage.
House votes against EU aviation emissions tax "Imposing this tax over the entire flight, the bulk of which may be in another nation's airspace or over international waters, clearly violates international law and U.S. sovereignty," said Rep. John L. Mica, House T&I Committee chairman.
Descartes buys UK compliance company, offers cloud service The Exentra acquisition brings thousands of U.K. routing-centric customers to Descartes' Logistics Technology Platform, where more than 35,000 trading partners connect and collaborate to improve logistics operations.
GAO calls for more Army Corps-DOT coordination
UPS releases cloud-based order platform
OIA Global acquires ITS OIA said the acquisition will expand its footprint in the Ohio region and allow for enhanced opportunities for import and export forwarding services, and warehousing and distribution services for its customers.
Atlas moves into the 3PL business
Anderson to head Port of Tampa
INTTRA partners with forwarder network
Uptick in container volumes forecasted Import cargo volume at the nation's 12 major retail container ports is expected to total 1.37 million TEUs in November, 5.9 percent more than in same month last year, according to the Global Port Tracker report.
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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