Volga-Dnepr Airlines flies fire engines to Afghanistan Volga-Dnepr Airlines has transported two Amdac Carmichael mobile fire fighting trucks from the UK to Kandahar in Afghanistan. The 30 t cargo was carried from East Midlands airport...
Sweden plans to modernise railfreight network Sweden is planning to invest SEK 55 billion (EUR 6.5 billion) to upgrade rail lines. Two thirds of the funds will be provided for primary cargo corridors to ports and airports. Th...
Peugeot Citroën in negotiations with Russian Railways PSA Peugeot Citroën has announced that it has entered into exclusive negotiations with Russian Railways (RZD) to form a strategic partnership to drive faster growth for Gefco. The ...
TNT Express expands road coverage to Montenegro TNT Express has further extended its road delivery network in Europe with a new service to and from Montenegro. Following the recent addition of Albania, Macedonia, Belarus and Mol...
Weichai Holding Group and Kögel sign cooperation agreement The Weichai Holding Group, one of the largest commercial vehicle and automotive manufacturers in China, and German trailer brand Kögel have signed a letter of intent. The two partn...
Official opening of JadeWeserPort The JadeWeserPort Wilhelmshaven was opened on 21 September with a big celebration. Together with high-ranging representatives of politics and business, the managing directors of th...
B787 launch customer ANA places further orders The ANA Group has exercised an option for eleven B787-9 Dreamliners, valued at USD 2.7 billion at list prices, which brings the B787s ANA has ordered to 66, consisting of 36 B787-...
Atlas Air places Boeing B747-8Fs with DHL Express Atlas Air Worldwide Holdings a leading global provider of outsourced aircraft and aviation operating services, has reached an agreement with DHL Express for its sixth and seventh ...
New leaders of Agility for Europe and Asia/Pacific Agility has named Mike Bible as CEO of its Europe operations, following the decision by Beat Simon to depart the company but to stay on the board. Previously, Bible was CEO of Agil...
Marie-Christine Lombard leaves TNT Express Marie-Christine Lombard, CEO of TNT Express, has tendered her resignation to pursue an external career opportunity. She will leave the company by the end of September. The current...
Logwin opens new sales office in Ahmedabad Logwin, a global leader in air and ocean freight and logistics services, has opened a new sales office in Ahmedabad, the largest city of Gujarat state in western India. Logwin will...
Yusen Logistics wins contract with Glen Dimplex in UK Yusen Logistics has been awarded a major contract with white goods manufacturer Glen Dimplex Home Appliances (GDHA) in the UK. Yusen Logistics will handle GDHA's product range. Yu...
Geopost increases stake in Spanish CEP company Seur The French postal operator La Poste's international parcel and express group Geopost has increased its stake in Spanish express company Seur to 55%, by acquiring a number of its f...
Underwriters will need to probe vessel deficiencies more closely Industry must challenge high-risk behaviour after Costa Concordia 'wake-up call'
One casualty could double costs Market urged to learn lessons from Costa Concordia as risks grow in size and complexity
Only most resilient insurers will survive Industry should celebrate its achievements while seeking new business niches
Are the Baltic benchmarks vulnerable to manipulative forces? London bankers were recently caught trying to fix the London Interbank Offered rate. Could something similar to the Libor scandal happen at the Baltic Exchange?
Total's conviction in Erika case upheld Blow to French state-owned oil company as France's highest court refuses to absolve it of blame
Maersk announces $1,500 per feu reefer base-rate hike Carrier plans 30% global increase to fund investment in the segment
Mediterranean aframax market sees improved demand New Primorsk closure threatens cargo availability in northern Europe
ICAP launches dual tanker earnings report as slow speeds stick Broker lists design and 'new normal' sailing speeds to offer perspective on owners' returns
Sri Lanka launches floating armoury PMSC weapons must be held offshore from next month
Carnival reveals profit surprise Third-quarter results top expectations due to lower costs and better yields
Univan ship is UK's sole August detention Bulk carrier held for four days with six vessels detained from previous months
Norway will review CO2 fire-fighting systems Skagerrak Foundation lobbying could see Paris MoU follow suit
Tanker demand growth outlook worsens Clarksons reduces projected demand growth by more than 10%
Bremerhaven admits windfarms terminal will need state funding Trade chamber chief says it was clear from the start that purely private financing would not pay for itself
Port Freeport launches tender for new container terminal Bids invited to invest $250m or more in 780,000 teu facility on Texas coast
Bonds bonanza The Höegh LNG fundraising shows that there is finance available for shipping, even if the bar is set high
European import trades slide into recession Port Tracker paints gloomy outlook for continent's northern box hubs
CSIC to build six boxships chartered to CMA CGM State-owned Chinese yard is part of the fleet modernisation plan of the world's largest containerline
Exclusive: Maersk will share space and shrink panamax fleet to cut capacity Danish liner giant hopes to boost market sentiment ahead of contract talks
NCSP seals $209m boost to Black Sea box handling capacity Stevedore's subsidiary will raise its annual container terminal capacity in Krasnodar region to 700,000 teu
Justify P&I hikes Time for the IG clubs to hold out a helping hand to their members
Sharp decline in carrier on-time performance August saw reliability decline to 77% across more than 10,000 vessel arrivals
Textainer seals $600m credit facility World's largest container lessor to use funds for fleet purchases
Oslo hungry for bonds as Höegh LNG secures quick $131m issue Money to be focused on growth of regasification business
Lloyd's Register launches Group Technology Centre in Singapore Facility will create hub for LR's global network involved in marine and offshore
NOL buys Chinese logistics company Singapore-based liner operator will complete cash acquisition by early 2013
BW Group loses $57m in first half Company reports higher gas carrier rates but lower product tanker income
More VLCC scrapping urged VLCCS operating today number 599, with 41 more scheduled for delivery in 2013.
Early chill could warm product tanker sector PRODUCT tanker owners hope a chill wind blows early this year, pushing tonnage farther west than usual, a broker and analyst said today
Houston enacts fast-track arbitration rules HOUSTON charterers, P&I clubs and others today have the option of resolving contract disputes under fast-track arbitration
Vale to hold the course on VLOC transport VALE SAID today it will continue to rely on VLOCs to transport iron ore, despite much-publicised obstacles
Greeks hold 179 in migrant smuggling cases GREEK authorities are holding 179 people linked with migrant smuggling attempts that were broken up in the past week
BW incurs $57M in losses BW GROUP has reported net losses of $57M during the first half of 2012, but its performance was still better than expected, said Moody's
Aframax tanker patterns shifting in Europe AFRAMAX tanker trading patterns in Europe are shifting, with the North Sea oil production decline forecast to continue, a shipping broker said today
Fred Olsen Energy contracts drilling rig NORWAY'S Fred Olsen Energy said today it has signed a $252M contract to employ its Bideford Dolphin drilling rig
CGGVeritas buys Fugro CGGVeritas, the world's largest surveyor of oilfields, has reportedly agreed to buy Fugro NV's seismic subsidiary for €1.2Bn ($1.6Bn) in cash
13 crew sought in collision SEARCHERS are looking today for 13 crewmen missing since a collision between a bulker and a fishing vessel off northeastern Japan, the Japan Coast Guard said
Courage sells bulker at $2.3M loss SINGAPORE-listed Courage Marine said it has sold another bulker, for a loss estimated at $2.23M
Reefer sector growth outstrips other boxes GROWTH is expected to remain above average in the seaborne perishables trades in the next two years, Dutch consultant Seabury said today
NOL acquires logistics group NOL has become the sole owner of Chinese logistics group APPL-Zhiqin after acquiring the remaining 51% stake in the company
JES buys 30% of Great Dragon JIANGSU Eastern Shipyard said it has acquired 300,000 shares, or 30%, of Hong Kong's Great Dragon International Shipping
Early Iran strike seen as less likely THE CHANCE of a military confrontation involving Iran, Israel and the US before spring 2013 has diminished, according to panelists on a Wells Fargo conference call
Maersk to Boost Reefer Rates By $1,500 Maersk Line CEO Soren Skou has warned shippers of refrigerated cargoes for several weeks that they are going to have...
Intermodal Expo, TransComp Exhibition to Split in 2014 The major annual conference put on by the National Industrial Transportation League and the Intermodal Association of North American will...
Holiday Sales Forecast to Rise 3 Percent The International Council of Shopping Centers is forecasting a 3.0 percent sales increase in the traditional November-December holiday season, and...
Report Forecasts Rise in Med Port Capacity Annual capacity of Mediterranean container ports is expected to rise by 63 percent to 114 million 20-foot-equivalent units during the...
Trans-Pacific Carriers Plan 2013 Rate Hikes Carriers in the eastbound trans-Pacific trade plan to increase freight rates significantly on imports from Asia in 2013. The...
Europe Ports Face Weak Cargo Volumes The Global Port Tracker report forecast continued sluggishness in North Europe container imports, and forecast that international imports to the...
Home Prices Rose in July U.S. home prices posted a broad-based gain of 1.2 percent in July, a closely watched survey said, indicating continued recovery...
Ocean Carriers Still Chasing Growth, Alphaliner Says Leading ocean carriers are still chasing growth despite weaker markets and difficulties in securing funding for new orders, according to...
Maersk to Cut Capacity By More Slow-Steaming Maersk Line plans to cut its deployed capacity by implementing another round of slow-steaming in the Asia-Europe trade. "It...
C.H. Robinson Buys Phoenix International for $635 Million C.H. Robinson Worldwide acquired freight forwarder Phoenix International for $571.5 million in cash and about $63.5 million in new C.H....
India Fast-Tracks Port Projects In a significant policy reform that is expected to spur growth in the country's infrastructure sector, the Indian government has...
Tokyo's First-Half Container Trade Rises 5.1 Percent The number of foreign trade containers handled by the Port of Tokyo rose 5.1 percent in the first half of...
Tacoma taking the strain of the 'new normal' A 29.8% year-over-year increase on container throughput in August at the Port of Tacoma is likely to be the 'new normal' for the US west coast port after the bedding ...
Zim improves service between USEC and ECSA Zim Line has improved its service between the US East Coast and East Coast of South America through a slot charter agreement with MSC and CSAV. Starting on September ...
Lagarde: US fiscal cliff a 'serious risk' That is one of the major concerns of IMF managing director Christine Lagarde who expects that global growth will be a 'bit weaker' than anticipated two months ago ...
LA approves funds to finish channel deepening The Los Angeles Harbour Commission has approved USD7.5 million for the final phase of the Port of Los Angeles' Main Channel Deepening Project (MCDP) - meaning that ...
Wal-Mart focuses on Indian consumers The world's largest retailer, Wal-Mart, is said to be in advanced talks with Bharti Enterprises about opening joint-venture retail outlets in India after the nation's ...
SBS banks on India Recognising the potential further growth potential of the BRICS nation, UK-headquartered SBS Worldwide has penned an agency agreement with Indian forwarder, Capricorn ...
DP World signs construction contract DP World has agreed a USD850 million deal with a joint venture group comprising France-based Soletanche Bachy and the TOA Corporation of Japan to build and equip ...
Pilot blamed for collision US investigators believe human error is the underlying cause of the 2011 collision between a European Navigation tanker and an MSC containership in the Houston Ship Channel.
Lomar mints LPG charter A leading UK operator appears to have secured a one-year fixture for one of its small LPG carriers.
Carnival targets Asia Carnival Corporation is targeting expansion in Asia after revealing a better than expected set of third quarter numbers.
TK tanker towed to safety A Teekay Tankers aframax that ran aground in shallows off Estonia Monday morning has been freed but the extent of damage to its hull remains unclear.
Dodge the gravy train Investors should avoid buying into the dry-cargo sector on the back of a relative rebound in capesize rates, Jefferies says.
APL's Dolan cleared A US APL executive has been cleared of illegally transporting guns in Dubai.
Panamaxes feel the pain Panamax rates hit the second lowest point since the start of the new millennium today, according to the Baltic Exchange.
Miclyn steps it up Miclyn Express Offshore is looking to accelerate its fleet renewal programme after boosting the size of its cash pot.
Total loses Erika fight France's highest court has upheld French oil giant Total's liability for 1999's disastrous Erika sinking.
St Vanessa ordeal over? Nigeria has ordered the release of a French tanker held since June in a row over oil smuggling.
NITC links unproven A US investigation has failed to find conclusive proof of links between NITC and the Iranian military.
Hunt on for crewman A Filipino crewman has gone missing after going ashore in Zeebrugge, Belgium.
NOCC gets charter boost Norwegian Car Carriers has entered into a time charter contract for one of its car carriers at a superior rate.
Ingalls in the mire Ingalls Shipbuilding of the US has been fined after a portable toilet was found to have been leaking into the East Pascagoula River for more than six years.
Vitol wins green light Vitol has got its hands on a 50% slice of Cockett Marine Oil after authorities cleared the purchase of shares from Grindrod.
Ezion keeps it up Ezion Holdings has continued its winning streak with two more service rig charter contracts, including its biggest single win to date.
ABG eyes share sale Indian shipbuilder ABG has revealed plans to raise up to INR 10bn ($187m) to drive expansion.
Encouragement for dry A rally in capesize rates in the past week has raised hope of improved fortunes over the next couple of quarters, Clarksons Capital says.
'It's not our fault' Vale has issued a strong defence of its return to shipping and says its Valemaxes are not responsible for the oversupply of ships.
Viking gets another year Viking Supply Ships has won a 12-month extension for its supply ship Freyja Viking.
Crew cut adrift A general cargoship crew is stuck off the Canary Islands with dwindling supplies following the bankruptcy of its Turkish owner.
Saade in growth spurt China International Marine Container's first dip into shipowning is more significant than many thought.
FOE wins again Fred. Olsen Energy has landed its second semi-submersible rig charter contract in quick succession.
Trafigura under fire Two leading campaigners have called for a criminal investigation against Trafigura linked to the dumping of toxic waste in Ivory coast.
Tanker master dies The captain of a Danish tanker has died off Greece.
NEL Lines files Greek ferry operator NEL Lines has filed for creditor protection in court, but is hopeful of reaching a deal on debt.
Batista eyes merger Brazilian billionaire Eike Batista is in talks to merge his shipbuilding and oil and gas company OSX Brasil with rig company Sete Brasil.
Ross' consolidation call Wilbur L Ross believes that shipping needs to see a high degree of consolidation if further downturns are to be prevented.
Ross undecided on eco Wilbur L Ross says he is yet to be won over by the claims that new more fuel-efficient ship designs are set to create a two tier market.
Ross defends deal timing Wilbur L Ross has defended the timing of his move into the tanker market at a ship finance conference in Singapore on Tuesday.
Second LNG for Brest Damen Shiprepair Brest has secured a second firm LNG ship repair contract at its recently acquired yard in France.
Kyeema waits for daybreak A salvage and inspection team has arrived at the scene of a Teekay aframax that ran aground off Estonia Monday morning but the operation is unlikely to resume until daybreak.
Newsflash: Maersk upping ante in reefer business Maersk Line Chief Executive Officer Soren Skou said Tuesday at a refrigerated logistics conference in Antwerp that his company plans to hike reefer rates by roughly 30 percent on a global basis from Jan 1, 2013.
C.H. Robinson to acquire Phoenix International The Minneapolis-based third-party logistics provider will pay $635 million for Phoenix, 90 percent of which will come from cash and the remainder from a revolving credit facility to be established with a bank.
APL exec acquitted in Dubai smuggling case Steve Dolan, a 27-year industry veteran with APL, was being held by Dubai authorities over a shipment of knock-off guns from Turkey to Djibouti last fall.
Eastbound transpacific carriers seek large rate hikes The 15 shipping lines that are members of the TSA have adopted guideline rate and ancillary charge adjustments that they intend to apply to all new and renewed service contracts for cargo moving from Asia to the United States.
Broker to give slow steaming research focus Second row of earnings figures will reflect slow steaming practice.
Prices firm in Fujairah Small gains only in Fujairah but double digit growth seen in Durban.
Bunker prices firm in Rotterdam Europe price movements show north/south split.
Cruise operator reports fall in bunker consumption Carnival says average fuel prices were 'higher than expected'.
Port reports 16% rise in bunker sales Algeciras says growth is based on container traffic.
Profits 'wiped out' by bunker costs and falling rates Break-even rates have become higher 'due to still-soaring bunker fuel prices'.
Vitol Cockett tie-up looks to growth Deal announced in March given go-ahead by competition authorities.
Bunker prices down at major ports Supplies of bunker fuels were fine at major Asian ports on Tuesday, according to traders.
High winds in Gibraltar Force 5 winds are reported locally.
Korean yard building LNG/LPG fueled offshore vessels Design of vessels include improved hull shape to optimise fuel consumption, says Wartsila.
Singapore event to explore 'sustainable solutions for marine fuels' Event to include discussions on using LNG as bunker fuel.
Lukoil bunker sales marginally up at major Russian ports Figures at St. Petersburg up 1.5% in Russian summer, between period of June to August 2012, says firm.
O.W. Bunker introduces new quality standard Move is part of strategy to drive annual global claims below 1%, it says.
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