Royal Brunei temporary suspends service to Saudi Arabia Royal Brunei Airlines is temporary suspending its Bandar Seri Begawan - Jeddah (Saudi Arabia) flights from today (22 August) until 30 November 2012. The service cur...
Daimler to build truck engine plant in China via commercial vehicle joint venture The joint venture between Daimler AG and the Chinese truck manufacturer Foton will begin building a new engine plant next to its headquarters in Beijing's Huairou district by H1/20...
VW sells more commercial vehicles The German vehicle manufacturer Volkswagen Nutzfahrzeuge delivered 270,000 vehicles in H1/2012, 3.7% more than in the same six months in 2011. Germany continued to be the most impo...
SBB investing in state-of-the-art train control system Switzerland's national railway SBB is replacing the existing train control system on its network with the standardised European Train Control System (ETCS). Costing some CHF 300 mi...
KeRail and Tata Steel Minerals Canada Ltd sign rail services agreement KeRail, a subsidiary of the North American railroad, Genesee & Wyoming, has entered into a long-term agreement with Tata Steel Minerals Canada to provide rail transportation se...
IAG Cargo new freight handling agent for TAM in Spain IAG Cargo, through its brand Iberia Cargo, is the new freight handling agent for TAM Linha Aereas SA in Spain. TAM operates daily flights between São Paulo (Brazil) and Madrid usin...
Aero Cargo: new managing director in Frankfurt Antonio Filipe de Almeida Oliveira has been appointed new managing director of Frankfurt-based Aero Cargo GmbH, an affiliate of European Cargo Services. He succeeds Heiner Sass who...
Good first half for Zurich airport Flughafen Zürich AG, the operator of Zurich airport (Switzerland) ended H1/2012 with a positive result. The net profit for this period rose by 9.1% compared to the first half year ...
NOL reports USD 57 million year-on-year improvement in ebit The Singapore-based NOL Group has reported Q2/2012 core earnings before interest and tax (ebit) of USD 16 million, a USD 57 million turnaround from a year ago. NOL's container ship...
Gefco opens new logistics facility in Slovakia Gefco Slovakia, Gefco's national subsidiary in Slovakia, has augmented its storage capacity by opening a new warehouse in Senec, near Bratislava. The 9,000 sqm platform will be use...
EFL International Distribution claims a first in pet transport EFL International Distribution, one of Ireland's foremost independent logistics companies, has become the first firm in the Irish Republic to become an approved carrier under the I...
DB Schenker Logistics bundling logistics services for DIY sector The German logistics service provider Schenker Deutschland AG has just started to bundle global end-to-end logistics schemes that are specially tailored to the needs of DIY outlets...
Jakarta court order gives Berlian Laju Tanker room to breathe Indonesia-based group buys time to create acceptable reorganisation plan
Private maritime security firm wins first ISO 9001:2008 certification LRQA says it will respond to market demand in this area
Troubled shipbuilder P+S makes cash plea to its customers Managing director Rüdiger Fuchs to ask Scandlines, DFDS and Royal Arctic Line to help fill its liquidity gap
Kenya moves on up East African giant hits the spotlight at a time of conflict, development and growth
Comment: Owners need to come together for the benefit of all Why does one of the largest Chinese shipowners think a VLCC pool is such a bad idea?
Eighth week for negative Middle East-Asia VLCC earnings Market treads water but rising bunker costs threaten to push it lower
Atlantic bauxite trade booms US imports jump by nearly 50% in the first half of 2012
Drought sees US import more ethanol as chemical refining grows Methanex moves million-tonne methanol plant from Chile to US Gulf
Cosco Corp appoints new chief financial officer Shipbuilder wins $20m order for jack-up barge
Bantry liquid bulk growth defies Irish cargo downturn New data reflects impact of weak UK economy and housing slump on republic's ports
Maersk paying more for bank finance, Kjaervik confirms Exclusive: Bond markets seen as means to diversify funding base
Uncertain box lines seek 'short and flexible' charters Tramp market dominated by short-term deals as demand outlook remains unclear
Indian owners reject government plea to lift Iran oil Local insurance costs $80,000 per voyage, says Mercator boss
CSD 'not optimistic' about giant Chinese VLCC pool China Shipping Group unit takes dim view of forming a pool of 50 very large crude carriers with other state-owned outfits
West African pirates launch dawn raid on cargo ship Conakry port authorities did not respond to vessel's call, says International Maritime Bureau
Grindrod reports 9% rise in first-half revenues Higher commodity demand offset by oversupply of ships
Making the most of a bad thing Odfjell wants to get back to gas
Odfjell returns to gas business as chemical markets remain flat Norwegian owner and terminal operator sinks further into the red
Falling box volumes at Rotterdam highlight weak demand in Europe And pressure on prices will see ro-ro firms consolidate, says port
To Russia with love Moscow's WTO membership is unlikely to spark a cargo bonanza
Asciano defies industrial unrest to post double-digit annual growth Australian port operator attributes result to new contract wins
Cosco International revenues fall amid industry woes Chinese state giant's shipping services arm posts 6.6% slide in first-half profit
Owners should check origin of bunkers Confirmation in writing that bunker stem is not of Iranian origin should be sufficient
Fuel and lube oils from Iran unlikely to trigger sanctions, says UK Clubs warn members to maintain due diligence, as British views are not legally binding
Downturn in domestic coastal trades weakens CSD's results China Shipping's tanker and bunker unit posts first half-year loss since going public
Rest of the world lifts Gothenburg Port's container volumes exported outside Europe rise 3%
Sanko Steamship settles bunker dispute with World Fuel Services US-based firm to resume sales to troubled Japanese dry-bulk operator
New trades sought for big boxships Cascade effect accelerates as lines absorb new deliveries
US docker wage negotiations break down Strike feared at East and Gulf Coast ports after ILA, USMX harden positions
Jakarta court grants BLT extension INDONESIA'S Berlian Laju Tanker confirmed today a court has granted it a three-month restructuring extension
P+S crisis talks start GERMAN yard P+S Werften said today talks on rescuing it from collapse have begun with customers, suppliers and investors
China Shipping units reel CHINA Shipping Development today reported 532M yuan ($84M) in 1H losses, representing a 192% freefall year on year
Golden Pass plan outlined DETAILS on the proposed Golden Pass LNG export terminal have been revealed in documents filed with the US Department of Energy
Aegean expands to HK PETER Georgiopoulos-chaired Aegean Marine Petroleum Network continues to build its footprint, announcing new bunker supply services in Hong Kong
Zhongchang widens losses SHANGHAI-listed Zhongchang Marine said today its H1 net losses were 58M yuan ($9M) - from just 1M yuan lost in the same period last year
COSCO unit's profits fall COSCO surprised today by revealing a 1% year-on-year drop in H1 profits for its Hong Kong-listed subsidiary Cosco International
Farstad's profits drop FARSTAD Shipping, the Oslo-listed offshore service vessel owner, today said unrealised forex losses caused a drop in net profits
Supplier problems hurt busy Bergen PROBLEMS with outsourcing of hull production at one of its yards have hit profits at Bergen, the Oslo-listed builder
Odfjell lost $28M in 2Q12 ODFJELL, Norway's chemical carrier and tank terminal group, said today it expects only marginal gains this year after reporting 2Q12 losses
Sanko, WFS settle dispute SANKO Steamship said today it has settled its dispute with bunker supplier World Fuel Services, which arrested chartered-in Sanko ship last month
VLCCs wait out Far East BROKERS said no VLCCs were fixed to ship crude to the Far East yesterday, even as some shipping players resumed work after Ramadan
Rizzo Bottiglieri ships arrested in Singapore DEBTORS of Italian shipowner Rizzo Bottiglieri De Carlini have seized two of its ships in Singapore
Jiangnan HI's profits drop by 87% CSSC SAID profits dropped by 87% year on year in H1 of this year at its Shanghai-listed subsidiary Jiangnan HI
MSC to Hike Rates for Exports From US Gulf and West Coasts Mediterranean Shipping Co. has announced September rate increases for cargo moving from the U.S. Gulf and West coasts to several...
Daggett: ILA Strike Likely After Talks Collapse Negotiations for a new International Longshoremen's Association contract covering dockworkers at East and Gulf Coast ports broke down Wednesday, and...
Truck Tonnage Rose 3.7 Percent in July Truck tonnage rose 3.7 percent from a year ago in July, but was flat compared to June and is likely...
Commentary: Where Multiple Agency Roles Are OK Q: Is it legal for one individual to operate as a "sales-operational" agent for more than one entity? In this...
ILA Contract Talks Break Down Negotiations for a new International Longshoremen's Association contract covering dockworkers at East and Gulf Coast ports broke down suddenly Wednesday,...
UPS Extends Offer Period for TNT Express United Parcel Service is extending the offer period for its Dutch rival TNT Express from Aug. 31 to Nov. 9...
South Carolina to Build Inland Port The South Carolina Ports Authority agreed to join Norfolk Southern Railway in developing an inland port near Greer, S.C., for...
A.P. Moller-Maersk Gets $925 Million From Bond Issue Danish shipping and energy group A.P. Moller-Maersk raised 750 million euros ($925 million) from a new seven-year bond to be...
Rotterdam's Container Traffic Falls 1.6 Percent Rotterdam's container traffic fell 1.6 percent in the first half of 2012 from a year ago as sharply lower imports...
ILA, USMX Back at the Negotiating Table Today With just five weeks left on their current contract, the International Longshoremen's Association and United States Maritime Alliance resume negotiations...
Changi Airport Sees Year-Over-Year Decline Singapore Changi Airport recorded a 4.5 percent year-over-year contraction in cargo traffic last month despite a 4.6 percent increase in...
Japanese Exports to US Rise 4.7 Percent Japan's exports to the United States rose for the ninth consecutive month in July on a year-over-year basis, increasing 4.7...
Indian Shipping Minister Says No Decision Yet on Cabotage Change Indian Shipping Minister G.K. Vasan said no decision has yet been made on allowing foreign-owned and operated ships to move...
Legacy lessons and opportunities The London 2012 Olympics was a triumph; not just for the athletes that medalled, but also for the seamless feat of logistics and transport that accommodated and ...
APL to exit WTSA APL is to leave the Westbound Transpacific Stabilisation Agreement (WTSA) on September 1 as it said it believed that it was not 'gaining enough benefit to warrant ...
CMA CGM and MSC no longer oppose APM T's Virginia port bid APM Terminals (APM T) has won support for its unsolicited bid of US East Coast Virginia port from ocean carriers CMA CGM and MSC - who have both taken an apparent ...
Rotterdam traffic down Rotterdam's container traffic fell by 1.6% in the first half of the year compared to the same period of 2011, down to 5,862,149TEU. This compares with neighbouring ...
ALL reports higher earnings America Latina Logistica (ALL), one of the largest independent logistics companies based in Latin America and a significant player in Brazil's rail freight industry, ...
NDAL and Delmas improve ECSA/West Africa service West African liner specialists Nile Dutch Africa Line and CMA CGM affiliate Delmas have added a ship and improved the frequency of their jointly run east coast ...
Gothenburg still growing Gothenburg's container traffic grew by 0.4% in the first six months of the year compared to the same period of 2011, up to 458,000TEU. Imports declined by 6% due ...
Emirates to add another Far East/Middle-East string Emirates Shipping Line (ESL), which specialises in the regional liner trades linking the Far East with South Asia, Middle East and East Africa, is to strengthen ...
MSC Flamina: German port TBC
Southampton improves productivity by 20% Southampton's container terminal claims to have increased its gantry crane productivity by 20% between 2010 and 2011, thanks partly to the ability to handle big ...
Golden Ocean spreads the wealth Herman Billung-led bulker owner collects close to $3m worth of shares via buy-backs.
Stage set for expansion Crowley Maritime Corp may be looking to expand its fleet of Jones Act product tankers after reentering the arena with the acquisition of two newbuildings from Aker Philadelphia Shipyard.
Prodigal son Tom Murray abandons Carnival Cruise Lines to serve as fleet manager for Chembulk.
BLT gets another breather Beleaguered Indonesian tanker owner's restructuring due to drag on into October.
Cargill collars two more Cargill has taken advantage of a terrible spot market to add another couple of capes to its chartered fleet.
Boxship bunged up A Vietnamese containership was detained in Hong Kong in July because its water sprinkler nozzles were blocked with wooden corks.
Rem stronger in Q2 Fleet expansion has helped Rem Offshore more than double its second quarter profit.
CSC Phoenix burns cash Chinese bulker owner Changjiang Shipping Group Phoenix (CSC Phoenix) has posted a bigger deficit in the first half as rates stayed weak.
Nam Cheong set for Africa Nam Cheong has made a breakthrough into an emerging market after agreeing to sell a platform supply vessel to a West Africa-based company.
Ship hit off Guinea Bandits have boarded and robbed a cargo ship close to Conakry Port, Guinea, the IMB says.
Big three bouncing back Japan's NYK, MOL and K Line now look likely to post profits from their containerships this year as rates rise.
Vroon sells one Dutch owner Vroon Offshore has reportedly sold one of its platform supply vessels to a Singapore-based operator.
Rongsheng to miss China Rongsheng Heavy Industries will struggle to hit its full-year order target after a below par first half, a leading analyst says.
Super Shuttle grounds A Philippines ferry has drifted aground after losing power off Leyte.
Search on for crewman A search is continuing off the Philippines for a seafarer who jumped from a cargoship in a bid to rescue his pet dove.
No laughing matter Did you hear the one about the Irishman who walked onto a cruise ship and ended up taking on an international corporation?
Carbon dioxide danger A UK report has revealed the potential hazards of checking firefighting systems after an accidental discharge of carbon dioxide on a tug in Scotland.
Bergen goes red Losses at its shipbuilding division have dragged Bergen Group to a second quarter deficit.
Rotterdam volumes rise The key Dutch port of Rotterdam has posted an increase in cargo-handling of 3.2% for the first six months.
Nikitin helps Clarksons Settlement of a long running dispute with Russian tycoon Yuri Nikitin has helped Clarksons to an improved six-month profit.
Venus held in Israel A Cypriot-managed cruiseship has been detained in Israel as crew make a back-wages claim.
Rates woe for Grindrod South African group Grindrod's shipping profit has been cut back as tankers struggled in the first half.
Odfjell posts $28m loss Odfjell has succumbed to a weak second quarter with the Oslo-listed owner posting a loss of $28m for the three month period.
Sanko fixes bunker row Sanko Steamship looks to have hammered out a deal over bunker supplies with World Fuel Services.
Cosco clinches barge deal Cosco Corp (Singapore) has won its second offshore newbuilding contract in as many weeks, it has confirmed.
Flaminia set for North Sea The fire ravaged MSC Flaminia is to be towed to a sheltered anchorage in the North Sea, its owners confirmed Tuesday.
Belde crewman killed One seafarer has been killed and another seriously injured in an incident aboard a bulker sailing off Oman.
Noble Bunkers cleans house One of the masterminds behind the expansion of Noble Bunkers has left the firm, prompting questions about the future direction of the commodities giant's fledgling marine fuel division.
NEWSFLASH: ILA contract talks break down The two sides were scheduled to participate in committee meetings in Florida this week to make progress on a new contract to replace the existing one that expires Sept. 30, when the talks scheduled for today through Friday were canceled.
GOPA opens transport innovation center
APL leaving WTSA The liner carrier will leave the Westbound Transpacific Stabilization Agreement, an entity that sets guidelines for rates and surcharges on shipments from the United States to Asia, on Sept. 1. WTSA will then have nine members.
Liners withdraw objections to APMT Virginia proposal Mediterranean Shipping Co. and CMA CGM, the second and third biggest lines, compete fiercely with Maersk Line, and previously voiced concerns that APMT taking over operations at Virginia would unfairly benefit Maersk.
UPS extends time to conclude TNT buy UPS on Wednesday said it would give more time to finalize its $6.28 billion deal to acquire rival TNT Express because European Union competition authorities have not finished their review of antitrust issues.
Portland sued by ILWU over tenant payment
Negativity persists in latest Stifel forwarder index
TransCore adds freight matching
Zim raises Asia-Europe rates
U.S. challenges Argentine import restrictions The U.S. government on Tuesday has requested consultations with the Argentine government under the dispute settlement provisions of the WTO concerning restrictive trade measures applied to all goods imported into Argentina.
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