New intermodal terminal in Marseille A new EUR 60 million intermodal terminal is to be built at the French port of Marseille Fos. The new facility will be used for road/rail handling activities and will double the cro...
1,500th train carries car parts from Central Europe to Kaluga On behalf of vehicle producers Volkswagen (VW) and Skoda, the German logistics service provider DB Schenker Rail recently operated the 1,500th container train to VW's Kaluga locati...
APL selected as top-ranked ocean carrier by shippers For the fourth time since rankings began in 2007, US agricultural exporters have named APL the world's top container shipping line. The award, recently presented in San Francisco C...
Making the port of Singapore attractive for trainees The Maritime and Port Authority of Singapore (MPA), Singapore Workforce Development Agency (WDA) and the e2i (Employment and Employability Institute) will commit more than USD 7 mi...
Hoyer buying 200 ultramodern gas tank containers The German service provider Hoyer is massively expanding its global gas logistics business and has ordered an additional 200 ultramodern gas tank containers. Its investment amounts...
PSA Peugeot Citroën and Toyota announce new light commercial vehicle collaboration Toyota Motor Europe and PSA Peugeot Citroën have announced a new light commercial vehicle agreement for the European market. Under the terms of the plan, PSA Peugeot Citro'n is to ...
Port of Marseille with new business development manager The Grand Port maritime de Marseille (France) appointed Arnaud Ranjard as its business development manager on 6 August. He succeeds Dirk Becquart, who held the position from March ...
Boeing projects high demand for aviation personnel in Asia Pacific The 2012 Boeing Pilot & Technician Outlook, a respected industry forecast of required aviation personnel, states that 185,600 new pilots and 243,500 new technicians will be nee...
China Southern Cargo launches service to Osaka China Southern Airlines (CSA) has launched a thrice-weekly freighter service between Shanghai Pudong and Osaka (Japan). CSA's first scheduled cargo route in Asia is operated by B74...
APL Logistics and Sumitomo Warehouse intensify collaboration The European subsidiary of the Japanese logistics service provider Sumitomo Warehouse and APL Logistics Germany have just started to collaborate in the German and European markets....
Rhenus opens new logistics warehouse in Eisenach The Rhenus group held an inauguration ceremony to mark the opening of its new logistics centre in the Kindel commercial zone in Eisenach (Germany) on 24 August. The multi-user loca...
Dutch Supreme Court upholds CMR contract on gross negligence Judge overturns appeal court decision to find logistics company liable for cargo theft
Insurers expand marine teams in US and Lloyd's XL focuses on Chicago as Chaucer boosts broker relations in the cargo market
Look to the skies for a solution Restructured aviation industry shows that leasing is the way to tackle overcapacity
Private deals dominate aframax spot market Brokers cut out as stable but weak rates see charterers deal direct with owners
Togo Triangle pirates hijack second tanker in 10 days Energy Centurion and 24 crew seized in new spate of West Africa attacks
Headhaul Asia-Europe box services double Middle East calls More than a third of all trade loops target the region to offset weak demand
Sri Lanka and India strengthen their maritime security ties Talks shore up mutual interests as tensions rise between neighbouring states
Eagle Bulk prolongs $500m shelf registration Proceeds to pay for ship purchases or to reduce debt, says supramax operator
Toll says 'very challenging' conditions hit ocean freight profit Logistics group points to market's excess capacity and generally weak demand
Zim freezes newbuilding programme despite narrower losses Market recovery aids Israeli line's return to operating breakeven
Symbiosis in shipping Russia is getting ever cosier with South Korea in the race to exploit the Arctic
Slow steaming supports demand for new containers, says Singamas Liner operators may spend more on new boxes with existing stocks in longer transit
CSBC net profit falls 72% Weak margins and dearth of orders hurt Taiwan shipbuilder
German index highlights second month's fall in box volumes Downward trend gains momentum though trade in consumer goods holds steady
Retailers warn US union and employers to keep negotiating New longshoremen's contract must be settled or cargo will be diverted from east and Gulf coast ports, warns NRF
MSC Flaminia stays in UK waters as inspection is delayed Salvors make vessel safe for coastal state inspectors to board
No way back Shipowners unlikely to revive single-hull tankers despite US policy review
End of summer brings late burst of demolition deals Firm rates range from low to mid $400s as Indian and Bangladeshi breakers turn bullish
Panama Canal widening opens the way for ship designers New dimensions create opportunities as case strengthens for more fuel-efficient tonnage
SOx scrubbers work to win over a sceptical industry New orders hint at a let-up in shipowner resistance to new technology
Jakarta eyes commodity export curbs Indonesia ponders the pros and cons of taxing overseas sales of thermal coal
P&I club board membership depends on more than just size Exclusive LLI data reveals the top 20 P&I club members by tonnage
Top Ships breaches Nasdaq rules Market value has fallen below $5m for 30 days
Coscol reports plunging first-half net profits Company sees worse to come as expensive bunkers and weak rates erode results
Investigation launches into fatal accident on Stena rig Two killed in incident in Australia's Bass Strait
Order famine grips Chinese yards January-July saw orderbook fall nearly a third
Race for Arctic LNG sees South Korea and Russia cement their ties Sovcomflot orders two liquid gas tankers from STX
Breaking prices pushed up SPECULATIVE purchases are resulting in some ships fetching much firmer prices from recyclers, as cash buyers prepared for the monsoon season to end
Seadrill seeks ultra-deepwater units for Brazil SEADRILL, said 2Q12 net profits fell but it is still in "active talks" to order more rigs
Ningbo's losses rise 461% NINGBO Marine today said operating losses for this year's first six months widened by 461%
CSSC elbows in on logistics CHINA State Shipbuilding Corp has set up CSSC Logistics, an R&D centre in Shanghai
Strike snarls JNPT STRIKERS brought container movements to a standstill today at Jawaharlal Nehru Port Trust
Order fall knocks BV profits BV SAID today profits from it maritime business fell nearly 4% in the first half, with the group feeling the impact of global newbuilding orders being cut in half
Precious gains $7M discount PRECIOUS Shipping said it will accept a late delivery for one Handysize vessel from the ABG shipyard following a price adjustment of about $7M
2 on/2 off rota is - off P&O FERRIES has dropped plans to introduce a new work rota on its Dover/Calais service after a study found that nearly half its crews saw the change as a danger to themselves and their ships
Luka Koper's profits soar SLOVENIA'S only port operator Luka Koper has reported net profits of €6.2M ($7.7M) for the first half of 2012, which was 82% higher year on year
Spill reduced in Lanka SRI LANKAN officials said today a slick from an abandoned bulker has been contained, but as a precaution Colombo is preparing booms to prevent any oil from entering the harbour
Profits fall 63% at Singamas HONG KONG-listed container manufacturer Singamas Container Holdings said weak demand for boxes has slashed its 1H12 profits by 63%
Grindrod buys out APM from Ocean Africa GRINDROD Holdings, the South African shipping and logistics group, has acquired Safmarine's 51% share of Ocean Africa Container Lines
188 held in attempts at migrant smuggling UP TO 188 people are being held today in connection with migrant smuggling during the past week
Port privatisation plan sparks legal warning LAWYERS have warned that the New South Wales government's plans to privatise Australian ports could breach anti-competition laws
Shanghai COSCO profits fall 100% for half-year SHANGHAI COSCO Shipping today reported a year-on-year drop of 100% of its half-year profits attributable to shareholders
NAFTA Surface Trade Rose 6.6 Percent in June Trade using surface transportation between the U.S. and its North American Free Trade Agreement partners, Canada and Mexico, was 6.6...
Panama Canal Authority Opts for Sustainable Construction The Panama Canal Authority said it will implement "green building" practices with regard to future construction. The guidelines, which would...
Will There Be an ILA Lockout? (Podcast) In this podcast, JOC Senior Editor Joseph Bonney discusses why labor contract negotiations between the International Longshoremen's Association and United States Maritime...
Piraeus Port Operations Shine for Cosco Pacific The Greek port of Piraeus, until recently a hotbed of labor unrest, has become the star performer in Cosco Pacific's...
Washington Port Handles 100,000th Auto Export Port and industry officials last week celebrated the shipment of the 100,000th Chrysler vehicle via the Port of Grays Harbor,...
Goldenport Continues Greek Ship Buying Spree Goldenport extended the Greek container ship buying spree, taking advantage of attractive secondhand prices to buy a sub-Panamax vessel from...
Nehru Port Terminal Delays Intensify Infrastructure woes at India's Jawaharlal Nehru Container Terminal (Nhava Sheva Port) are causing lengthy delays for vessels calling at the...
Asia-Europe Carriers 'Running Out of Options' Carriers "are running out of options" for deploying large new ships on Asia-Europe routes and will face pressure to cut...
Zim Cuts Net Loss Zim Integrated Shipping's net loss narrowed in the second quarter from a year ago as the Israeli ocean carrier boosted...
Chinese Premier Calls for Export Stimulus China has made the stabilization of exports a policy priority as factory closures cause job losses and social unrest in...
Hamburg Sud Launches Second US Gulf-Latin America Service Hamburg Sud will start offering more slots from ports in the U.S. Gulf to the Caribbean and the east coast...
Spot Market Truck Demand Slowly Rising, ITS Says Freight demand is picking up slightly as trucking leaves the summer doldrums, but only slightly, according to load matching service...
APM T Virginia bid 'superior to current situation but room to improve' APM Terminals' (APM T) unsolicited bid for the US East Coast port of Virginia has been hailed as 'superior to Virginia's existing situation, but probably could ...
CIMC posts sharply lower results in H1 12 The market had already been prepared for poor results from ChinaInternational Maritime Containers (CIMC), the largest manufacturer ofshipping containers in the ...
Grindrod takes control of OACL Durban-based Grindrod has taken full control of the regional shippingline Ocean Africa Container Lines (OACL) by purchasing the 51% it didnot own from AP Moller-Maersk ...
Mixed bag for intra-Asia as some trades see 'unacceptably' low rates Despite the recent rate increases instigated by intra-Asia operators some of these tradelanes still have 'unacceptably' low freight rate levels on the back of overcapacity ...
Zim Line better but still in the red As with other ocean carriers, Zim Line performed much better financially in Q2 12 than in Q1 12, but not by enough to wipe out its exceptional bottom line loss ...
China in new efforts to boost economy Chinese Prime Minister, Wen Jiabao, promised at the weekend that Beijing would ramp up its efforts to boost the world's second-biggest economy in the remaining ...
MSC Flaminia: GL reports vessel stable A team of safety inspectors boarded the partly burnt-out MSC Flaminia at its location 30 nautical miles off Lands End today and are understood to have ...
CKYH Alliance balances the books with Evergreen The CKYH's announcement yesterday that it intends to withdraw one of its five weekly services between Asia and Northern Europe in October seems aimed at balancing ...
Excel deficit deepens Excel Maritime Carriers was stuck in the red in the second quarter following a steep decline in freight rates and revenues.
Silver lining in the smoke Spot rates have already responded to outages caused by a deadly explosion at PDVSA's Amuay refinery but it's still too early to accurately predict how the incident will impact the crude and product tanker markets, according to a researcher at MJLF.
When opportunity knocks... When George Economou launched a bid to takevover Top Ships in 2008 it's unlikely that either could have known how low freight rates, or its stock price, would eventually go.
'Believe in America' Mitt Romney's US energy plan could jumpstart the oil services and drilling industries if the Republican contender for president manages to defeat Democratic incumbent Barack Obama.
NYK the lone offender An NYK car carrier was the only ship detained in Canada during July.
SFI holds steady Ship Finance International defied the downturn in the second quarter despite a modest decline in revenues.
NAT active in tanker hunt Nordic American Tankers is actively looking at investing in new ships amid expectations the suezmax market could turn quickly in the favour of owners, its CEO says.
Aussies get Apache scalp Australian firms Neptune Marine and Bhagwan Marine are teaming up on a dive support vessel for Apache Energy.
Varun starts strongly India's Varun Shipping has returned to profit in the first quarter as costs were cut.
Tanker fire kills one A crewman has been killed and another two injured in a blaze on a tanker in Indonesia.
DMG sweet on Nam Cheong DMG & Partners has kicked off coverage of Malaysian shipbuilder Nam Cheong with a buy rating.
Restis tanker hijacked Pirates have seized a Greek tanker following a gunfight with a Togolese navy ship off West Africa.
Precious seals resale deal Thai owner Precious Shipping has confirmed the purchase of two former Freeseas newbuildings due from Yangzijiang Shipbuilding in October and November.
Solstad stronger in second Solstad offshore has carded a vastly improved set of second quarter numbers.
Master fined over dumping A Russian captain has been fined in Georgia after his vessel discharged faeces into the water at Poti.
Erria getting stronger Danish shipmanager Erria's first half profit has risen after it sold its chemical tanker fleet.
Awilco takes Golar route Awilco LNG has been tipped to follow the example of John Fredriksen's Golar and wait for stronger contracts for its newbuildings.
BC back in black Canada's BC Ferries has returned to profit in the second quarter thanks in part to a fuel surcharge.
Bulker boost for YZJ China's Jiangsu New Yangzijiang Shipbuilding is to build four kamsarmaxes for Hong Kong's Everbright Metal.
Zim kills cash burn Ofer-linked container line Zim has reduced its second quarter red ink in a period which saw it stop burning cash.
Emerald was hijacked A Norbulk tanker missing for five days off West Africa was seized by pirates, the owner has revealed.
Eagle stacks shelf high Eagle Bulk Shipping has cleared the way for a $500m equity issue.
Awilco LNG in the red Awilco LNG slumped to a loss in the second quarter as it had to contend with higher costs and lower vessel utilisation.
Dragnis buys boxship Goldenport Holdings has switched to buying mode with the acquisition of a 2,100-teu containership for $5.2m.
Havyard seals PSV deal Norway's Havyard Group has won a newbuilding contract for PSV based on a second generation of its Havyard 832 design.
Isaac closes the LOOP Tropical Storm Isaac has forced the closure of the Louisiana Offshore Oil Port (LOOP) in the Gulf of Mexico.
Pair killed on Stena rig Two workers have been killed in an industrial accident aboard a Stena drilling rig off Southern Australia.
Newsflash: Zim hits break-even on 2Q operations The liner carrier Zim said Tuesday it benefited from an industry-wide turnaround in the second quarter, with operating profit of $1 million in the period, compared to a loss of $79 million in the same quarter of 2011.
IBM buys Kenexa for Web applications expansion IBM will acquire Kenexa Corp. for about $1.3 billion to enter the Web-applications market and compete with Oracle and SAP, adding another campaign to the information technology services arms race.
RBS automates some trade documents
FMCSA upgrades CSA enforcement The agency has made several improvements to its Compliance Safety Accountability (CSA) enforcement program that will allow it to more quickly identify and address high-risk trucking companies with compliance concerns.
German lines swap slots on Gulf Coast/S.America loops
Gulf ports hunker down for tropical storm
Spot truckload rates soften "Spot rates have moved considerably lower, while contract rates have held steady or continued to move up albeit at a slower rate than experienced earlier this year or last year," investment bank Stifel Nicolaus found in a survey.
OOCL to raise Asia-Europe rates
Inchcape opens Dutch Harbor office
ProSight launches 3PL insurance
CORRECTION: No changes to MSC's North Atlantic loop
Retailers look at East Coast contingency plans With the peak holiday shipping season kicking into high gear, the nation's largest trade association for retailers on Monday urged negotiators for the ILA and their employers return to the bargaining table.
California pushes for partial tax exemption on bunker fuel Permanent exemption is expected to encourage shippers to use California vendors who provide marine fuel.
Becker Marine Systems unveils LNG Hybrid Barge The LNG is delivered in modular form and is less expensive than bunkering.
Fujairah market softens South African market mainly firm.
Future of biofuel sector could depend on US elections Republican candidate has signaled that 'clean bunkers' for the Navy will not be a priority.
Bunker prices fall across the Europe Good demand in Hamburg.
Data suggests jump in global demand for LSFO DNVPS says majority of LSFO oil samples from ARA exceed ECA limit.
WFS in new ship arrest proceedings Supplier targets crude oil tanker owned by Indian shipping company.
Weak shipping markets hit Fujairah bunker sales Western sanctions against Iran make procurement more difficult for suppliers.
Bunker prices fall at major Asian ports South Korea port operations and bunker deliveries suspended due to typhoon Bolaven.
Shipyard designs fuel efficient heavy transport vessel Ship can reduce fuel consumption by 50-75%, when compared to a tug-barge combination.
Engine service firm launches device to measure cat fines Device can alert users before increased wear level is detected in main engine.
Cosco Shipping posts 99% decline in profit Bottom line impacted by a 24% increase in fuel costs.
Grindrod buys out South African liner Acquires Safmarine's stake in the liner firm.
Chinese supplier to recover 'misappropriated' fuel and cash Nasdaq-listed bunker supplier became aware of four instances of misappropriations in late June.
Typhoon forces suspension of South Korean bunker deliveries Deliveries at South Korean ports to gradually resume from August 29 onwards, traders say.
Titan announces management changes Chief Executive leaves company to pursue 'other personal interests'.
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