Aeroflot ends Angola service Aeroflot is operating its last service to Angola today (16 October 2012), as the Russian airline is terminating its bi-weekly Moscow Sheremetyevo - Hurghada (Egypt) - Luanda opera...
New deputy secretary general for CCNR Katrin Moosbrugger will become deputy secretary general of the CCNR, as of 21 January 2013, thereby replacing Hans van der Werf. The CCNR is an international organisation that exer...
Second container terminal to be built in Damman's King Abdul Aziz port Three partners - Saudi Global Ports LLC (SGP), Saudi Arabia's public investment fund and PSA - have established a joint venture to construct a second container terminal in Damman. ...
Renault Trucks to completely replace range in June 2013 Heinz-Jürgen Löw, the president of the French commercial vehicle manufacturer Renault Trucks, announced that his firm's long distance, construction and distribution ranges are to b...
Norbert Dentressangle chosen by Liberty Global The international cable company, Liberty Global Inc (LGI), has chosen the French service provider Norbert Dentressangle to manage its warehousing and distribution activities across...
DB Schenker Rail launches second weekly rail freight service between UK and Poland Germany-based DB Schenker Rail has strengthened trading links between the UK and Poland with the introduction of a second weekly rail freight service between the two countries. Thi...
Alstom presents first class KZ8A freight locomotive to Kazakh Railways Alstom Transport recently unveiled the first class KZ8A electric freight locomotive that is destined for Kazakh Railways in Belfort (France) where the KZ8A was designed and manufac...
Inchcape Shipping Services selects new chief commercial officer Inchcape Shipping Services, a maritime services provider, has chosen Nigel Pusey as its new chief commercial officer. In this newly created position Pusey will report directly to I...
Monthly volume growth at AAT Asia Airfreight Terminal Co Ltd (AAT) in Hong Kong (China) reported a tonnage throughput of 61,668 t in September 2012, 8% more compared to the same month last year. In the month u...
Canadian motor carriers ask for more rest stops, highway and bridge improvements Canadian carriers have provided the federal government a helpful guide to assist in prioritizing possible infrastructure investments in 2013. The list, submitted by provincial truc...
Conti completing bulk binge GERMAN KG house Conti Reederei is on track to complete its huge 27-ship newbuilding programme, launched before the 2008-9 global crisis
Auditor says Fairstar must to call new AGM FAIRSTAR Heavy Transport must schedule a new AGM because its auditor pointed out flaws in the way it handled a newbuilding contract in its accounts, according to Dockwise
Costamare raises $98M BOX SHIP lessor Costamare today priced an equity offering at $14 per share, an 8% discount on yesterday's closing price
Russian reefer food fight breaking out? CMA CGM is offering a new reefer box service to deliver citrus from Turkey and Egypt to Novorossiysk
Korean banks lend $334M for Vale VLOCs KOREA Development Bank has arranged a $334M loan agreement to help compatriot Polaris Shipping buy 10 VLOCs from Vale
China's commodity imports bounce back CHINESE commodity imports rebounded in September, as falling prices encouraged buying again
No peek at peak so far for Caribbean PEAK cargo season in the Caribbean has started out unexpectedly weak, according to outgoing Caribbean Shipping Association president Carlos Urriola
EPL 2Q profits rise 97% ESSAR Ports Ltd today said net profits rocketed 97% in its July-September quarter
Fleet identified for Russian LNG fuel scheme A FLEET that NCSC of Russia plans to convert to LNG bunker fuel has been revealed to be made up of tugs, small bunkering ships, pilot launches and fire and spill auxiliaries
Bulker deliveries keep pressure on rates MONTHLY deliveries of drybulkers have surpassed the 10M dwt level several times, according to BIMCO's latest report
Fortescue goes bullish again FORTESCUE Metals defied the bears today and reinstated its bullish expansion scheme
FIS offers live bunker pricing service FIS, A UK broker of freight and commodity derivatives, said it is offering a live bunker fuel pricing service
Puerto Rico shipping seen on comeback trail PUERTO Rican shipping is gradually recovering as its economy emerges from a long recession, Fairplay has been told
Korea car output wheezing SOUTH Korea's automobile production is recovering from strikes in August, but output and exports remain lower year on year
BLT tanker freed in Singapore A CHEMICAL tanker belonging to cash-strapped Indonesian chemical shipping specialist PT Berlian Laju Tanker has been freed from arrest in Singapore
Kickoff of PortMiami Deep Dredge Project's Contracting Phase The contracting phase of Miami-Dade County's "Deep Dredge" project to deepen PortMiami's channel to minus 50 feet was kicked off Oct. 15 with the solicitation of bids by the U.S. Army Corps of Engineers. Construction to deepen the channel is scheduled to begin in early 2013 and is slated to be...
FONASBA Names New President New FONASBA President Marygrace Collins The Federation of National Associations of Shipbrokers and Agents recently elected ship broker Marygrace Collins, vice president of the U.S.-based Bulkore Chartering, as president, succeeding Christakis Papavassiliou after his two-year term. Collins' goals in this role include working to get more companies to sign up to meet...
Why CMA CGM's New Investor Is Good for Shippers The French government's long-expected decision to invest in CMA CGM will give the French carrier access to much-needed capital funds at a time when it is trying to restructure more than $5 billion of debt with some 75 bank creditors. The $150 million capital infusion, which follows a...
Costamare Plans Another Stock Sale Greek container ship owner Costamare said proceeds from a planned share sale may be used to fund further vessel acquisitions. The NYSE-listed company plans to offer 7 million shares of its common stock; up to 700,000 shares will be acquired by the members of the controlling Konstantakopoulos family. Costamare also intends to...
China's exporters bounce back Fears of an abrupt slowdown in the Chinese economy may have been over-egged if the latest data from the world's second-largest economy is any guide, giving ocean ...
Heavy seas in southern Spain hamper boxship and cargo ship salvage The two ships that have been stuck fast since the end of September on an environmentally-sensitive beach close to Valencia are proving a real challenge for the ...
HMM to 'suspend' transpac reefer service According to US media reports South Korean carrier Hyundai Merchant Marine (HMM) has announced that it will cut its reefer service from the US East Coast to Asia ...
Etihad Rail signs up GSL Abu-Dhabi-based Eithad Rail, which is developing and will operate the UAE's national rail system, has announced that it has signed another memorandum of understanding ...
BAL to double capacity at its Abidjan terminal Bollore Africa Logistics [BAL] is in the midst of an expansion and cargo-handling equipment programme that will double the throughput capacity of its Vridi Container ...
US retail sales up in September American consumers helped boost the nation's economy last month by opening their purses and wallets and splashing out on a range of goods including the new iPhone: ...
2015: Europe's major boxports only two-thirds utilised Europe's top five box ports face a dip in average container terminal utilisation to 66% by 2015, with Belgian hub Antwerp seen as most 'vulnerable' to price competition ...
Nobu Su in fraud suit Vantage Drilling has accused Taiwanese shipping magnate Nobu Su of pushing the company to the brink of financial ruin in the years following its 2007 IPO.
OSG sinks to new low Shares of Overseas Shipholding Group hit a historic low Tuesday on in the wake of a plunge that sent ripples down Wall Street.
IMS slides in the third IM Skaugen issued a grim market forecast Tuesday on the heels of a quarter in which it handed in a balance sheet that was covered in red ink.
Concordia looted Scuba diving thieves have been looting the Costa Concordia cruiseship, it emerged in the same week that the first hearing into the disaster began.
Costamare pulls trigger Costamare will likely pursue both newbuildings and secondhand tonnage with cash from its latest Wall Street fundraiser, according to an analyst at Wells Fargo Securities.
Korean orders halved South Korean shipyards have seen newbuilding orders cut in half in the first nine months of 2012, the government says.
CMA CGM seals infusion France's CMA CGM has secured $250m worth of injections that have set the stage for a massive debt overhaul and an initial public offering (IPO).
Delta licences ditched The government of Goa, India, has cancelled casino permits for two of Delta Corp's offshore casino cruiseships.
Clipper takes newbuild Clipper has expanded its fleet with a potential two-year charter for a supramax newbuildings.
France seizes drugs French customers officers have seized 16kg of cocaine found on a Norwegian dry cargoship.
Fredriksen sheds cash cow John Fredriksen's Ship Finance International has sold off another of its ageing OBOs which had been a cash cow for the Norwegian owner.
Phoenix in Chelsea move Phoenix Petroleum of the Philippines has put the finishing touches to its acquisition of Chelsea Shipping after receiving all necessary approvals.
Robbers attack crewman A seafarer has been injured following the latest attack on a vessel at the Muara Berau anchorage off Indonesia.
Watching and waiting Taiwanese container line Evergreen will not add to its huge newbuilding programme until the Panama Canal is completed, according to vice chairman Bronson Hsieh.
USC plans new yard Russia's United Shipbuilding Corporation (USC) wants to have a new rig-building yard operational by 2020.
Not so Daily Maersk Maersk Line's latest round of capacity cuts has reduced the number of sailings on its flagship Daily Maersk programme, Alphaliner says.
Essar Ports doubles up Essar Ports has almost doubled its second quarter earnings off the back of higher volumes.
Ferry in trouble again AUL ship slides off repair slipway in Greenland five days after grounding.
Naftomar nets Sanko ship Greek owner Naftomar is tipped to have picked up a gas carrier from ailing Japanese owner Sanko.
Fujian eyes engine market China's Fujian Shipbuilding Industry Group and Jichai Power have teamed up to build ship engines.
Hall swaps to Seacor Teekay veteran Robert Hall has jumped ship to Seacor to head up its US flag tanker operations.
Mermaid wins Ranger gig Mermaid Marine Australia has been awarded a contract to support an FPSO off the coast of Western Australia.
Nisshin sells again Nisshin Shipping of Japan has offloaded another MR tanker, its fifth in recent months.
HMM chasing $200m Hyundai Merchant Marine has turned to shareholders for almost $200m.
Crew held over drugs Two crew members from a Royal Caribbean cruiseship have been arrested on suspicion of smuggling cocaine.
Dockwise adds $56m Dutch heavy-lift specialist Dockwise has announced new deals worth $56m.
Crew stranded in UAE The crew of a Vietnamese cargoship is unable to leave the port of Jebel Ali in the UAE because of unpaid port dues.
Pemex deal safe Mexico's incoming president Enrique Pena Nieto has pledged to go ahead with a flotel order for state-owned oil company Pemex in Spain.
Rio retains ore target Rio Tinto, the world's second largest iron ore producer, says it plans to maintain its 2012 production guidance at 250mt.
Mercuria in Sinopec tie-up Mercuria has sold half of its terminals business to a subsidiary of China's Sinopec in a deal reported to be worth EUR130m ($168m).
FONASBA appoints Collins The Federation of National Associations of Shipbrokers and Agents (FONASBA) has named Marygrace Collins as its new president.
NEWSFLASH: French government invests in CMA CGM CMA CGM said Tuesday the French Government's sovereign wealth fund, Fonds Stratégique d'Investissement (FSI), has agreed to subscribe into $150 million in bonds which are convertible into a 6 percent stake in CMA CGM.
RILA's Jackson heads compliance
HID Global's RFID helps Argentine winery
Scoular's NVO plugs into Descartes
Accel-KKR makes equity investment in Accellos
Carlyle drops out of Virginia port contest State officials, including the Virginia Port Authority (VPA), are still considering offers from APM Terminals and RREEF, the real estate arm of Deutsche Bank, to take operational control of the state's marine terminals.
COSCO/China Shipping team up on domestic service The service will link northeast China with Fujian in southeast China and Shantou in south China's Guangdong province. "This move is just the start of an intensive cooperation in domestic container shipping." China Shipping said.
Thorne promoted to deputy director at Mobile port
LA up, Long Beach down in September
COSCO raising TP, Asia-Europe rates
Commerce starts supply chain advisory The Advisory Committee on Supply Chain Competitiveness will highlight the role that freight infrastructure and advise on policies to boost exports of American-made products.
DHL plans contract logistics investment in India The investment includes building 5 million square feet of warehousing space in Mumbai, Gurgaon, Delhi, Bengaluru, Nagpur, Chennai, Kolkata and Ahmedabad, as well as upgrades to DHL's transport fleet in the country.
Port Canaveral deepening report submitted
Washington Notebook: LaHood speaks highways, his future to TIACA The Obama administration hopes to complete development of a national freight policy early next year when Congress is expected to begin debating a long-term surface transportation plan that authorizes how money is spent and sets federal policies.
Bank uses EEDI to evaluate energy efficiency of shipping portfolio Bank confirmed that using the EEDI methodology, the energy efficiency of 88% of the ships in the IPEX portfolio could be evaluated.
IFO prices firm in Fujairah But bunker prices in African ports were dropping.
Prices lack direction in Rotterdam While Mediterranean ports displayed a softening trend.
DFDS testing new NOx emission reduction equipment Company 'again contributes to developing new environmental technologies' after 'success' with scrubber testing.
Coal berth bunker pipeline operational Pipeline at Port Kembla has been serviced.
Australia to get LNG bunkering study DNV to lead the fully comprehensive study.
KPI Bridge Oil appoints Director of Risk Management products 'This appointment is a natural development for us following the robust growth experienced across our seven offices.'
Fujairah needs 'transparent price discovery mechanism' 'We don't feel that the existing benchmarks reflect at all really what's happening in our market,' says DME chief executive.
Denmark 'prepared and ready to support' US GHG proposal Danish Shipowners' Association disappointed that MEPC debate on proposals to reduce CO2 emissions from existing ships was delayed.
New trading screen launch at SIBCON Trading will be based on three key bunker fuel contracts says FIS.
Asian aviation market 'offers opportunities' for Chemoil CEO says company is also looking for growth in 'niche' bunker markets.
Little movement in Asian bunker markets Supplies 'fine' at major Asian ports.
Japanese yards confirm 'next generation' vessel order Pure car and truck carriers can cut fuel consumption by 'over 30%', say MHI and Imabari.
Wrist firm expands presence in Asia Appoints key account manager for the Philippines.
South China fuel oil imports to fall sharply in October Region expected to import 130,000 mt of fuel oil in October.
Mercuria, Sinopec ink new bulk storage JV Agreement includes the sale of 50% equity interest in Vesta Terminals to the Chinese firm.
tEC provides grant for French LNG bunkering project Grant provided to fund 'technical and design studies' for project at Dunkirk port.
Cleartrade launches bunker fuel swap contracts New swap contracts allow bunker traders and users to execute swaps of as little as one metric tonne of fuel oil.
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