Streck AG Switzerland thrice honoured The Swiss service provider Streck Transport AG recently received three awards for its quality. The company was presented with prizes by the pan-European alliance SystemPlus, the ge...
HHLA prepares shipment of combine harvesters for Cuba 20 combine harvesters bound for Cuba have reached HHLA Container Terminal Burchardkai in Hamburg (Germany) by rail. The stuffing and service centre transferred them directly from t...
Fuso challenges parts market with second brand The Mitsubishi Fuso Truck and Bus Corporation (MFTBC) - one of Asia's leading commercial vehicles manufacturers - is significantly expanding its after sales business with a second ...
Russian Railways implementing numerous rail projects abroad Russian Railways, its subsidiaries and partners, are continuing to implement projects to expand and modernise foreign railway lines, mainly in the CIS, Eastern Europe, Africa and t...
New Zealand's government investing in KiwiRail's freight services The New Zealand-based transport service provider KiwiRail will receive USD 250 million of capital in 2012/13 for its turnaround plan to help railfreight business become sustai...
Air China to cease Combi operation The Hong Kong-based aviation finance and advisory specialists SkyWorks Leasing and its affiliate SkyWorks Capital Asia Ltd have been engaged by Air China to assist in the sales of...
CFO position at Maersk Line merged with strategy and transformation Maersk Line CFO, Peter Rønnest Andersen, left the Maersk Group on 19 June after 20 years with the company. In addition to his current role as Maersk Line's chief of strategy and tr...
ICAO and ACI collaborate to enhance safety standards at airports The International Civil Aviation Organization (ICAO) and Airports Council International (ACI) have signed a memorandum of cooperation (MoC) to provide a framework to jointly pursue...
ALC inks widebody lease agreement with Cathay Pacific Airways Air Lease Corporation (ALC), an aircraft leasing company that was founded in 2010 and is based in Los Angeles CA (USA), has leased a 2009-built Boeing B777-300ER to Hong Kong's Cat...
Scheuerle and Kamag reshuffle management Andreas Kohler and Susanne Schlegel have taken over the management of the vehicle manufacturers Scheuerle and Kamag (both members of the Transporter Industry International group/TI...
Jean-Claude Terrier elected president of the union of French ports Jean-Claude Terrier, chairman of the board of directors of Marseille seaport (France), has been unanimously elected president of the Union of French ports (UPF). His election was p...
Kuehne + Nagel opens new automotive platform in Hungary The Swiss logistics service provider Kuehne + Nagel has opened a new storage facility in Kecskemet, to the southeast of Budapest. The site has been specially designed to fulfil th...
Stobart Group makes offer for Autologic The UK logistics company Stobart Group has made an offer of GBP 12.4 million for Autologic in a deal that would see it become the largest car-transporter haulier in the UK. Both pa...
Nippon Express expands logistics operations in Malaysia Japan-based Nippon Express has expanded its logistics operations in Penang (Malaysia) through the completion of a new warehouse in the Bayan Lepas Industrial Park. Located 5 km fro...
Chapter 11 stigma haunts TBS International Top executive expresses frustration at 'unfair' perception advantage enjoyed by opaque private companies
China's hunger for imports reshapes east-west trade patterns Boxships arriving fully loaded into one-time export-dominated market
SocGen sets the pace for shipping exodus Sale of part of French bank's book to Citibank is in line with sector's downsizing strategy
Shipping mulls high yield debt as alternative to banks At least two companies considering new options
Blame game in Bonn Shipowners clash with officials in Bonn
Bet big on LNG, says Fostiropoulos EXCLUSIVE INTERVIEW: Placing multiple orders now will pay off come 2015
Capesize rates bottom out at last China's steel consumption rises again
Cosco Pacific mulls purchase of Greek state assets China port operator to position Piraeus as Mediterranean hub
Box bookings slow as fixture periods shrink Brokers say new charters target 4,000 teu-plus tonnage
Romania revives ore trade with China First shipment arrived this month as ARIA consolidates shipments from Constanta
Breaking the silence The European Commission's proposal on shipbreaking gives a healthy recharge to the recycling debate
Morten Arntzen compensation package gets shareholder nod Company reveals retention bonuses for Itkin and Johnston
Love is off the agenda as tanker firm bans office flings New code of ethics combats favouritism and sexual harassment claims
State government throws lifeline to P+S European Commission has yet to approve Baltic shipyard's restructuring plan
Femco denies weapons on board Alaed Russian company sticks to line on illegal weapons to Syria
DP World rejects Aden port contract claims Yemeni accusations over investment projects said to be 'unfounded and misleading'
Bank of Korea sees shipyards turnaround in 2014 But until then, orders will continue to contract as euro crisis continues to affect demand, says central bank
Yang Ming to order five ultra-large boxships Taiwanese carrier has delayed moves to join the ULCC club
Rotterdam World Gateway lands first-phase project financing Funding secured despite simmering dispute between port authority and ECT
Cash buyers defend their role in ship recycling Biggest players say they are merely the middlemen and do not make huge amounts of money
VLCCs pin hopes on Saudi Arabia raising oil output World's biggest producer might tap 2.5m barrels per day of spare capacity
Lawyers split on future of EU antitrust guidelines for shipowners Questions raised about power of consortia
Ultra-deepwater market eyes $700,000 day rate Marine Money: Shortfall in rigs to meet Petrobras production targets will boost earnings by 2020
TBS International lines up sale of older tweendeckers Post-Chapter 11 strategy based on fleet rejuvenation through bulker charter-ins and debt reduction
Kidwell takes the helm at Braemar Shipping Services Marsh steps down as chief executive but will stay on sale and purchase desk
Euroseas rights offering oversubscribed Owner raises $14.9m to put towards potential acquisitions
Rumble in Rio IMO under fire as green campaigners prepare for war with UN
Yangzijiang sells off stake in microfinance unit Chinese shipbuilder to devote proceeds to similar wholly owned unit
Shipowners oppose Chile's antitrust moves ICS describes EU ban on conference as a retrograde step
European shippers oppose container weighing ESC says debate is too focused on a relatively small risk factor
FreeSeas default could hurt Yangzijiang's stock FREESEAS' cancelled order for two Handysize bulkers and the ongoing pressure on shipbuilders would hurt Yangzijiang's stock, said an analyst today
Russian owners call for fleet growth THE Union of Russian Shipowners (SOROSS) has warned the country's new government that "the current rate of development of the fleet of [Russian] shipping companies is insufficient"
Magomedov confirms FESCO buy-out THE Summa Group, which is controlled by Zivayudin Magomedov, has finalised its buy-out of Far Eastern Shipping Company (FESCO) from Industrial Investors, owned by Sergei Generalov
Yangzijiang sells microfinance stake SINGAPORE-listed Chinese shipbuilder Yangzijiang said it will dispose its entire 31.5% equity stake in Wuxi Runyuan Technology Microfinance to streamline the group's structure
Drybulk port snarls worsen LOGISTICAL issues and dense fog in Chinese drybulk ports resulted in worsening congestion in the latest week
Black Sea hole leads to UK Court EVRAZ, the Russian steelmaker listed on the London Stock Exchange main board, is being sued in the UK High Court for $35.8M by a group of Swiss investors over a failed project to build a terminal for coking coal and iron-ore at Yuzhny
Braemar makes board changes BRAEMAR Shipping Services has appointed James Kidwell as chief executive with effect from today
FedEx's Smith Says Freight Shifting From Air to Sea FedEx CEO Fred Smith said more shippers are transporting goods via ocean shipping at the expense air carriers, a modal...
WFS, Aviapartner to Form Global Air Cargo Handling Giant Shareholders of Worldwide Flight Services and Aviapartner agreed to combine the two companies. If approved by relevant competition authorities,...
Freight Volume Down Again at Singapore's Changi Airport Singapore's Changi Airport saw cargo volumes contract by 2.8 percent year-over-year last month. Overall, 152,884 metric tons were handled...
Russia's Summa Closes in on Fesco Takeover Russia's Summa investment and trading group moved closer to a $1.4 billion takeover of Fesco as it prepares to make...
Emirates to Launch New Iraq Service Emirates is expanding it air freight capacity to Iraq after seeing demand soar. The airline will launch a four...
ILWU Files Suit in Portland Dispute The International Longshore and Warehouse Union elevated its battle with the electrical workers' union and terminal operator ICTSI Oregon a...
Hapag-Lloyd Suspends Cargo Bookings to Riyadh, Saudi Arabia Hapag-Lloyd temporarily suspended "acceptance of shipments" bound for Riyadh via the Port of Dammam, Saudi Arabia. "Riyadh-bound containers are...
Japanese Exports to US Soar 38.2 Percent Japan's exports to the United States rose for the seventh consecutive month in May on a year-on-year basis, jumping 38.2...
APL Seeks Rate Increase on Asia-Europe Trade APL plans to implement a general rate increase on the westbound leg of Asia-Europe trade, effective July 1. The...
Regional Planning Expert Calls for CREATE Program for Southern California A regional planning expert called upon goods movement interests in Southern California to develop a CREATE-style public-private infrastructure development program...
Good news...bad news for ocean carriers You have probably noticed that the cost of filling your car with fuel has been somewhat less in this past month, reflecting the sharp fall in the cost of crude ...
Solverminds signs up Philippine carrier Specialist software solution company Chennai, India-headquartered Solverminds has through its subsidiary, SVM Solutions & Technologies, inked a contract ...
Extension of 100% scanning deadline welcomed but NRF still calls for repeal The recently announced two-year extension before the 100% US box container scanning mandate has to be introduced has been welcomed by the industry - but shipper ...
Sub-panamax tonnage prospects are promising DVB Bank of Germany, which is a main player in the ship finance sector, believes that the prospects for sub-panamax (2,000 - 3,000TEU) vessels are more promising ...
AfDB pours USD18 million into ISSIF In a bid to inject pace into sub-Saharan Africa's desperate need to improve its infrastructure, including that of its transport systems, the African Development ...
ESC objects to compulsory weighing of containers Answering ocean carriers' recently repeated call for all containers to be compulsorily weighed, the European Shippers' Council (ESC) has opined that it is a false ...
MSC slows Asia-Med services MSC has added an extra vessel to the rotations of its Dragon and Tiger services between Asia and the Mediterranean. According to Alphaliner, two additional ...
Marsh leaves the Braemar boardroom Alan Marsh FICS, retires as chief executive of London-based Braemar Shipping Services [BSS] today, after heading up the company in its plc format for the past 11 ...
Asia-Europe rates head south early The average all-in freight rate of all cargo loaded out of China for Europe continued downwards last week. According to the Shanghai Shipping Exchange's China Containerised ...
Felixstowe rail reaches new high The Port of Felixstowe has set a new rail record, handling a total of 11,474 containers (17,211 TEUs) in a single week. This follows three weeks of record-breaking ...
Eagle strikes a deal Lenders take a bite out of Sophocles Zoullas-led bulker owner in exchange for debt overhaul and covenant cure.
CCM coverage coup continues Clarkson Capital Markets wades deeper into new territory after adding Golar stocks to equities research repertoire.
DOF director steps down Oslo-listed offshore giant tight lipped about which competitor poached longtime board member Britt Mjellem.
All eyes on Iran EU ban may extinguish surge in floating storage as Tehran turns to NITC tanker fleet for transport needs, MJLF says.
Milaha seals $110m loan Credit line with Qatar National Bank will fund 19 tugs under construction.
Seafarers face longer ordeals Pirates held crews for an average of eight months in 2011, a rise of more than 50%, according to a new report.
Birkeland crosses stateside ABN AMRO places Francis Birkeland at the head of a fresh assault on the US finance market.
Hapag halts Atlantic run German container line suspends service to US due to market doldrums.
Euroseas sees out fundraiser Aristides Pittas-controlled owner is almost $15m to the good after wrapping up a rights issue.
Bumi inks Nam Cheong order Hassan Basma-led Malaysian offshore owner kicks off its latest newbuilding programme with four-ship order at compatriot yard.
TY ties up another six Florida's FMT goes ahead with optional tank barges at Mississippi shipyard.
DVB backs Universal push German lender at the head of consortium offering up $275m to Geden Lines spin-off.
Bitumen carrier breaks up Cargo washes up on Philippine shores as grounded Chang Da 12 battered by rough seas.
Cosco Corp cause for concern DBS Vickers says exposure of Cosco Corp (Singapore) to Europe makes it more of a risk to investors than Yangzijiang despite FreeSeas default.
Universal reveals final secrets Geden-backed venture begins $200m IPO march backed by a first quarter profit and a board containing Jens Ismar.
Femco denies arms shipment Russian owner of Alaed breaks silence to claim vessel is "now making ordinary commercial voyage."
Weakened, not beaten Navies must keep up pressure on Somali gunmen despite falling attacks, warns EU Navfor commander.
WFS, Aviapartner to combine Shareholders of both WFS and Aviapartner have agreed to combine the companies, with Aviapartner to join WFS. The new group will be controlled by LBO France, WFS' majority shareholder.
IKEA to erect solar panels on DCs
Disney to use Jaxport for most Florida imports
Phoenix International reportedly for sale Chicago-based freight forwarder Phoenix International is reportedly exploring a $500 million sale, according to a report this week by Reuters. The report listed a string of the top global logistics companies as potential suitors.
News of TIGER grant recipients trickles out DOT will announce later this week the full list of recipients of its TIGER grants, but several ports and other government agencies receiving funds were notified by members of Congress and made announcements.
Canada welcomed into TPP fold A day after Mexico was welcomed into negotiations over a sweeping pan-Pacific trade pact, Canada was also invited Tuesday, with two of the United States' top five trading partners now involved.
New guide on abatement technology 'Exhaust gas treatment systems will not be suitable for all ship types,' says classification society.
Prices falling in Fujairah Sharp falls in Suez.
Markets firm in Rotterdam but soften elsewhere Good demand in Hamburg.
SEEMP can be 'turned into a business advantage' DNV encourages ship operators to 'use the new requirements to create some momentum for energy efficiency in the company.'
New LNG bunkering terminal could be operational in 2015 Vopak forms 'strategic alliance' with owner of gas-grid in south-west Sweden.
Rosneft Marine opens office in China Company sees opportunity to provide low sulphur fuel to ships heading into North American ECA.
Brightoil's US operations 'accumulated $15 million loss' Group says it is conducting an audit of its US activities.
Bunker prices firming in Asian ports Supplies of bunkers 'fine' in key Asian ports on Wednesday.
Two more players exit Singapore bunker market Prestige Marine and Gas Trade no longer have MPA licences to supply bunkers in Singapore.
Huyundai Heavy starts exporting LNG fuelled engines Hyundai HiMSEN H35/40GV engine can be used in power plants, vessels and offshore facilities.
Hong Kong annual bunker sales may drop by 1 million mt in 2012 Volumes could fall to 7 million mt, says Managing Director of Sea Trader International Ltd.
Japan receives first valemax vessel Vessel will emit 34% lesser carbon dioxide emissions per tonne of ore transported than other ships.
Quality disputes 'more major' than quantity disputes Bunker quality claims can be 'huge', says admiralty manager of Fichte & Co.
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