ICT said to be ready to receive Voyager in May ROYAL Caribbean Cruises chairman and CEO Richard Fain has taken a look around the new but yet-to-be-launched International Cruise Terminal (ICT), and he likes what he saw.
Container lines running out of options to lower costs Container ships can't go any slower. Shipping lines are running out of options to stop losses as sailing speeds reach their lower limit, exhausting a solution that helped restore profitability in 2010.
Three more airlines award contracts to WFS in the Virgin Islands Worldwide Flight Services (WFS) has been awarded ground handling contracts with JetAirFly Airlines, Air Canada and JetBlue Airlines in the US Virgin Islands. As one of the world's ...
ACG opts for Traxon EDI Traxon Europe, the international provider of value-added services to the airfreight industry in the area of e-communication and automation, has attracted a new customer in Germany....
Thailand and China agree to Bangkok-Chiang Mai rail link Thailand and China have signed a memorandum of understanding covering the development of a high-speed train system linking Bangkok to Chiang Mai in the north of Thailand. Construct...
CN completes merger of DMIR, DWP into Wisconsin Central Canadian National Railway Company (CN) is completing the merger of three of its US operating subsidiaries. The merger of Duluth, Missabe and Iron Range Railway Company (DMIR), Dulu...
Suez Environment Group adopts Renault Trucks urban vehicles The Suez Environment Group (SEG), a global operator dedicated to activities associated with water and waste, has been won over by the variety of vehicles available in Renault Truck...
France transport association concerned about 2012 prospects The French road transport association FNTR said that «2012 will be a year of no growth and numerous worrying problems.» At the trade body's traditional New Year's meeting, its pres...
FAA announces safety ratings for Curaçao and Sint Maarten The US Department of Transportation's Federal Aviation Administration (FAA) announced that Curaçao and Sint Maarten do not comply with international safety standards set by the In...
Ceva: new managing director in Iberia Ceva Logistics appointed Marco Galbusera as managing director for its operations in Iberia, effective 1 January 2012. He assumed the role from Giuseppe Chiellino. Galbusero, who wa...
Transnet Port Terminals Durban buys Liebherr port mobile cranes Transnet Port Terminals (TPT), a South African port terminal operator, has signed a contract with Liebherr of Neuzing (Austria) for the supply of six Liebherr LHM 550 mobile harbou...
New joint marketing of Paris, Le Havre and Rouen ports The French ports of Paris, Le Havre and Rouen will be jointly marketed in the domestic and international markets under their new brand name Haropa. The ports recently launched the ...
Meyer & Meyer purchases Haase Transport Meyer & Meyer, a logistics company headquartered in Osnabrück (Germany), took over Haase Transport GmbH with retroactive effect from 1 January 2012. Haase Transport, a medium-s...
Swiss Post International opens branch in Norway Swiss Post International has expanded its presence in Scandinavia by opening a branch in Norway at the beginning of the year. This provides Swiss online dealers with the possibilit...
Wallenius Wilhelmsen Logistics opens office in Moscow To support its growing business in Russia, Wallenius Wilhelmsen Logistics has opened a new office in Moscow in addition to its current presence in St Petersburg. Moscow is the cent...
'Stupid ship owners' must stop ordering 'stupid ships' Restricted lending should help reduce overcapacity
A false sense of security? Giant cruiseships look like floating hotels but ignore the dangers of the ocean at their peril
Montoir joins LNG re-export club Ports in Belgium, Spain and the US reship gas to Asia for a premium price
Offshore construction on a high Morgan Stanley analyst points to 226 outstanding floating production platform installations, some 30% more than 18 months ago
Seadrill $1bn spin-off set to take pipelay support vessels Joint venture between Seabras and Malaysia-based SapuraCrest Petroleum will offer services to Brazilian state giant Petrobras
Star Reefers presses on with JFC case UK setback will not close other legal avenues
New fall in product tanker rates from Europe to US No signs of a reversal yet, say brokers
Eredene Capital reduces stake in Indian box freight station Sale of 10% stake in Sattva CFS & Logistics raises $1.7m
P&I brokers question value of S&P public information ratings Motives for the West of England downgrade questioned
Washington hits Aquarosa owner and manager with $2.4m magic pipe fine Bilge dumped from newbuilding's maiden voyage
Dry bulk deals available for those with cash, says Frangou Prices 'justified' even by current long-term charter rates
Rina facing class action Lawyers behind Al Salam Boccaccio claim prepare Costa Concordia case
Shipping firms use Chapter 11 threat to buy time 'Tactical' restructuring waits for improving markets
Media's speculation over Costa Concordia jeopardises a fair trial Evidence which should be in the hands of official investigators is being paraded in newspapers and television programmes
A truth darker than fiction Costa Concordia highlights how we handle fear and courage and funk
German shipowners threaten flag exodus in new anti-piracy row VDR demands urgent legal reform to allow owners to deploy private security firms
South Sudan slashes oil output as tensions mount with north New price fears as country halves its output
Iron ore trade set for boost in February Futures trade indicates restocking of Chinese mills is imminent after new year celebrations
Simatech to order two 3,000 teu feeders Dubai-based operator diversifying its fleet by adding larger vessels
DFDS and Louis Dreyfus launch Dover-Calais ferry service Former SeaFrance bidders plan February launch for two-vessel service
Penning rejects Liverpool proposal No turnaround calls for Liverpool Cruise Terminal
A legal wake-up call Check every contract ruthlessly, then check it again
Supramax lay-ups imminent if rates slump continues Shipowners ballast across the Atlantic in opposite directions in search of cargo
BG Group signs second US LNG deal Contract boosts prospects for US exports
Iran retaliates to EU sanctions with threat to halt oil exports early Price hike fears as countries would struggle to source alternative supplies
German charter tonnage co-operatives arouse strong interest Almost 300 ships are already members of two new groups for feederships and small bulkers
Tonnage glut weakens Stolt Tankers Tanker owner admits it was over-optimistic about 2012 'turnaround'
Zodiac lets 16,000 teu newbuilding options expire Depressed freight markets dampen demand for largest box tonnage
Developing-world demand boosts dry bulk operators Tanker players are more exposed to recession-bound economies
Libya now just 20% from pre-war oil level LIBYA'S National Oil Corp's daily production has reached 1.3M barrels per day, more than 80% of its pre-revolution total, IHS World Markets Energy reported today
Efploia fined for pollution GREEK ship manager Efploia Shipping has been fined $1.2M after pleading guilty to illegally dumping oil and plastic waste in US waters
Chapter 11 option touted RESTRUCTURING via bankruptcy has its advantages for shipowners, the London Marine Money conference heard today
Strikers to disrupt Corsica ferry services FRENCH ferry operator SNCM told Fairplay it expects "heavy disruption" to Marseilles/Corsica services today as union members begin a two-day strike
Profits fall 35% at India's Sesa Goa SESA GOA, India's largest exporter of iron ore, has reported a 35% fall in net profits year on year over the October-December period
Concordia calls scrutinised COSTA Crociere chairman Pier Luigi Foschi has told Italian senators that Costa Concordia's captain had assured that he had control of the cruise ship - just two minutes before warning he must order its evacuation
Stolt-Nielsen: don't be optimistic on upturn STOLT-Nielsen today reported a fall in profits in 2011's final quarter and warned that continued weakness in Western economies might prevent a chemical carrier upturn this year
Ship financing 'involves sensibility and pain' EQUITY and debt capital is still "sufficient" to fulfil orderbook funding "needs", London's Marine Money conference was assured today
Rise seen in Rotterdam port market share ROTTERDAM port's market share among northern European ports might expand to 45% of total capacity by 2017, a report has predicted
Keppel's profits jump 14% SINGAPORE'S Keppel Corp today said its net profits rose 14% in 2011 year on year, to S$1.49Bn ($1.19Bn)
CSAV inches towards goal CHILEAN box liner CSAV today announced the sale of an additional $129M in shares, leaving it well short of its $1.2Bn capital-raising goal
Deconstructing disaster takes time COMPLEX internal architecture of modern cruise ships will make it extremely difficult to identify the exact causes of casualties such as the Costa Concordia disaster, a stability expert has warned Fairplay
BLT's shares suspended SHARES in Indonesia's Berlian Laju Tanker are suspended today, which has sparked a rating agency downgrade
Indian players take up VLCC slack INDIAN oil companies have picked up the slack while their Chinese counterparts celebrate Lunar New Year this week
Michigan to Build Ambassador Bridge Ramp Within Months The Michigan Department of Transportation said it will build an off-ramp connecting the Ambassador Bridge, the busiest U.S.-Canada crossing, to...
J.B. Hunt Transport Revenue Reaches $4.5 Billion Higher rates and volumes boosted fourth-quarter net profit 25.4 percent to $72.6 million at J.B. Hunt Transport Services, the nation's...
Maersk to Use Greener Fuel in Virginia Ports Maersk Line containerships will switch to burning low-sulfur fuel while at berth in the Port of Virginia starting in February....
NYK Line US Imports Grow 7 Percent Japan's NYK Line saw a 7 percent year-over-year surge in imports into the United States from Asia in December in...
Transport Secretary LaHood's Son Barred From Leaving Egypt Sam LaHood, son of U.S. Transportation Secretary Ray LaHood, is being detained in Egypt as part of a crackdown on...
Truckload Spot Market Slows in January Spot market truckloads dropped 14 percent in December from the previous month but were still 25 percent higher than in...
NY-NJ Port Authority to Crack Down on 'Discrimination' The Port Authority of New York and New Jersey's new executive director said the agency will use its leases as...
Knight Expects Truck Rates to Rise 3 to 4 Percent Knight Transportation plans to add capacity in 2012, expanding its fleet and services while raising truckload rates 3 to 4...
LaHood Doubts Congress Will Pass Transport Plan in 2012 Transportation Secretary Ray LaHood Congress doesn't expect Congress to pass a comprehensive surface transportation bill this year. The differences...
CP Directors, Activist Investor on Collision Course The time to switch the tracks and prevent Canadian Pacific Railway from barreling toward a proxy fight is over. ...
CP Profitability Worsens Amid Proxy Fight Canadian Pacific Railway saw fourth-quarter profit rise 19 percent year-over-year to $221 million, but the railroad's operating ratio worsened as...
Hapag-Lloyd Hike Rates on Far East Services Hapag-Lloyd will impose a series of general rate increases on Far East services in March, as part of the German...
Celadon Group Profit Jumps 86.2 Percent Tight capacity, rate hikes and acquisitions helped Celadon Group boost net profit 86.2 percent in the last quarter despite a...
NYSA's Curto Urges NY-NJ Port to Improve Productivity The Port of New York and New Jersey's various factions must work together to improve a port that is "not...
Durable Goods Orders Rose 3 Percent in December Orders for long-lasting goods rose 3 percent in December, a sign the manufacturing sector continues to bolster a slow economic...
Forth Ports Takes Control of London Tilbury Terminal Forth Ports acquired full ownership of Tilbury Container Services, paying $147 million for the remaining 67 percent share of the...
Asia-Europe Spot Rates Fall 2.6 Percent Average spot rates on the Asia-Europe trade lane fell this week after increasing week-over-week in the previous five weeks as...
Hapag-Lloyd to Open Shipping Agency in Dubai Hapag-Lloyd will open its own shipping agency in Dubai, United Arab Emirates, in a joint venture with its existing third...
MSC Hikes Piracy Surcharge Between African Ports Mediterranean Shipping Co. said it will put a new piracy surcharge into effect on containers it transports between ports in...
Asian Air Carriers Saw Cargo Traffic Fall 5.4 Percent Asian air carriers shipped 5.4 percent less freight last month than in December 2010, as the traditional end of the...
MSC Imposes Surcharge on Port of Mombasa Cargo Mediterranean Shipping Company imposed a port congestion surcharge on all cargo moving to the Port of Mombasa, Kenya, starting Feb....
Hong Kong Air Freight Fell 4.3 Percent Last Month Throughput at Kong Kong International Airport in December fell 4.3 percent year-over-year, pulling annual traffic down 4.6 percent at the...
MSC Shuffles US East Coast Port Calls on Far East Service Mediterranean Shipping plans to shuffle the U.S. East Coast port rotation of its Golden Gate Service from the Far East...
Daikin sells first Zestia units to Cronos Daikin Reefer, which is one of the largest manufacturers of reefer machinery for the container shipping industry, has sold the first of its innovative Zestia-designed ...
Davos debates global growth challenges In a World Economic Forum [WEF] moderated-panel session at the Swiss resort of Davos yesterday - which included contributions from the chairman and ceo of Coca-Cola ...
Italy stymied by striking truckers Day-4 of the Italian truck drivers' strike against Prime Minister Mario Monti's aggressive tax-increasing austerity measures is taking its toll, with acute fuel ...
KPA to destroy cargo The Kenya Port Authority (KPA), which is desperate to free up space and improve on its poor productivity levels, has issued an ultimatum to importers/receivers ...
TS Lines exits transpac Taiwan headquartered TS Lines is leaving the transpacific trade as it is exiting the China-America East Coast Express string that it runs with partner Hainan POS.Gavin ...
IMF: Iran oil embargo could result in 30% spike The International Monetary Fund [IMF] has flagged-up the risk that sanctions against the nuclear-experimenting Iran could force up the price of a barrel of oil ...
Forth takes control of Tilbury box terminal In a USD95 (USD148) million deal, Scottish ports operator, Forth Ports has bought out the 67% of shares that it did not already own of the London, River Thames-located ...
CSAV raises further USD129 million Santiago-based CSAV has made further progress in its plans to raise USD1.2 billion in fresh capital with the group announcing that its second-stage plan in the ...
Transpetro tied to spill Petrobras tanker wing issues alert as authorities race to contain oil leak at floating transfer station off Brazil.
Chembulk dodges BLT bullet CEO of Berlian Laju's Connecticut chemical arm claims its "business as usual" despite cash crunch at Indonesian parent.
Saipem enlists Fairstar duo Oslo-listed heavylift specialist poised to sail to the North Sea after lining up $15m transport pact with Italian energy giant.
Alam wins Samsung gig Malaysian offshore vessel owner to bank $37m from a deal with Korean engineering firm.
Maersk Tankers crowns CEO Danish shipping dynasty's tanker division trades king for a queen as Maersk Line lieutenant shifts gears.
Ezion scoops big charter deal Singapore-listed offshore owner seals $93.5m contract for a service rig in North America.
Scrap record to be toppled Macquarie Capital predicts dry-cargo demolition will shoot up by 50% in 2012.
BLT battles debt disaster Tanker giant in dangerous territory as it prepares to freeze trading and repayment of $418m owed on loans and ship leases.
Farstad joins bond flood Oslo-listed offshore owner rakes in nearly $70m from a trip to the bond market.
Kuznik judges the Judges Former HSH Nordbank boss lets rip at US bankruptcy courts' ridiculous knowledge of shipping.
Partners in pact with parent New York-listed owner secures two-year supramax charter with Navios Maritime Partners.
EU in new Polish yard probe Competition authority accuses two buyers of Poland's Gydnia of receiving illegal state aid to complete their deals.
Navios Partners on the mark Angeliki Frangou-led owner sees fourth quarter profit measure up favourably against Street bets.
Stolt slips in fourth quarter Oslo-listed shipowner looks to 2013 for tanker market recovery after drop in its fourth quarter bottom line.
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