VTG increases operating profit in 2011 and hits growth targets VTG Aktiengesellschaft, a leading wagon hire and rail logistics company based in Germany, reported that its 2011 revenue rose by 19.2% to EUR 750 million. Operating profit (ebitda...
TX Logistik connecting Norway and Italy TX Logistik has launched a new intermodal train service that runs from Halden in southeastern Norway to Verona in northern Italy. The service is operated on behalf of Lauritzen, a ...
Daimler launches new Fuso Canter Eco Hybrid truck in Japan Daimler's Japanese commercial vehicle subsidiary, Mitsubishi Fuso Truck and Bus Corporation (MFTBC), has launched the sale of its innovative Fuso Canter Eco Hybrid truck in Japan. ...
Chep lands Horizon Tissue as first customer in Estonia Chep, a leading global provider of pooling solutions for pallets and containers, has signed a contract with Horizon Tissue, Estonia's largest tissue converter. The company is Chep'...
Evergreen to launch South India - Persian Gulf Express Service (SGE) The Taiwan-based carrier Evergreen Line is set to launch a new weekly South India - Persian Gulf Express Service (SGE) as from 5 June. Two 2,000 teu ships will serve the ports of ...
Cosco plans to strengthen its presence in Koper The port of Koper (Slovenia) welcomed a high-ranking delegation from the Chinese carrier Cosco Container Lines (Coscon) on 22 May. The guests were presented with the port's develop...
Allnet: a new general cargo alliance Three independent national general cargo networks from Italy, France and Germany recently teamed up and formed an alliance called Allnet (the alliance of networks). The partners ar...
Saudia Cargo promotes "fly your car" service As the summer vacation season approaches, Saudi Airlines Cargo is launching a campaign to promote the benefits of its "fly your car" service. Offering ...
Raben Ukraine opens new customs cargo complex in Kiev Raben Ukraine, a subsidiary of the global logistics service provider Raben Group, has officially opened its new customs cargo complex (CCC) in its own logistics terminal in Kiev (U...
Continental and DB Schenker Logistics signed warehousing contract on the Philippines Continental Temic in the Philippines and DB Schenker have signed a three-year contract for the warehousing of raw materials. The Continental Temic plant in Taguig manufactures elec...
Damco reports steady market growth in Q1/2012 Damco, the global logistics business unit of the Denmark-based A.P. Moller-Maersk Group, increased its net revenue by USD 53 million to USD 738 million in Q1/2012. Gross profit in ...
New weekly service between Zurich and Tampa Swiss WorldCargo has further expanded its network of airfreight services with the recent introduction of a new weekly non-stop flight between Zurich and Tampa international airport...
JAL and IAG's joint business agreement receives anti-trust immunity approval from Japan's MLIT Japan Airlines (JAL) and International Airlines Group's (IAG) joint business has been granted anti-trust immunity from the Japanese ministry of land, infrastructure, transport and ...
International Chamber of Shipping elects new chairman The International Chamber of Shipping (ICS) elected the Japanese national Masamichi Morooka as its new chairman, with immediate effect, at its annual general meeting in Port Dougla...
SNCF Geodis and Modalohr planning truck-on-train service through Switzerland Two French partners - the logistics corporation SNCF Geodis and the intermodal transport service developer Modalohr - recently presented the "Transhelvetica" project at t...
Maxim Sokolov appointed Russian transport minister Maxim Sokolov has become the new transport minister of the Russian Federation and member of the cabinet. His appointment was announced by President Vladimir Putin on 21 May. Sokolo...
Frontline 2012 raises $210M FRONTLINE 2012, the growth vehicle in John Frderiksen's shipping empire, said today it has completed a $210M private placement and is in talks with yards to "materially increase" its newbuilding programme
Crye to exit CLIA MICHAEL Crye, a longtime and pivotal lobbyist for the cruise sector, is leaving the Cruise Lines International Association, Fairplay confirmed today
US docker chats freeze STRIKE rhetoric by the head of the US East and Gulf Coast dockers' union has increased, as job-protection talks seem to have stalled
GNV opens Sète/Morocco service ITALY'S ferry operator Grandi Navi Veloci has opened a France/Morocco service to replace one operated by Morocco's Comarit-Comanav
Seoul's Iran crude imports rise 60% TANKERS reportedly transported nearly 60% more crude to South Korea from Iran in April than in March
Rail link for bunkers to Primorsk refused A TUG OF war over who should pay for a new rail link to Primorsk's bunker and petroleum export terminal is going the government-run railroad's way
S&P suggests tanker gap A LOW SALE price for Iino Kaiun Kaisha's 2007-built MR tanker Freja Fiona has surprised market watchers
Bumi Armada posts $28.46M in profits MALAYSIAN offshore vessel specialist Bumi Armada said it made 89.7M ringgit ($28.46M) in profits for 1Q12, up 9.3% year on year
ClassNK becomes first to exceed 200M gt JAPAN'S ClassNK said today its register has become the first to exceed 200M gt
Post-Panamax box fixture hits $40,000/d PREMIUMS for post-Panamax box ship charters have jumped again, with Zim fixing Northern Jamboree for $40,000 per day for a year
LPG exports set Mideast record HIGHER crude and natural gas output in the Middle East has propelled the region's LPG exports to a record 3.2M tonnes in May, Norwegian broker Lorentzen & Stemoco said
Diesel Prices Hit Lowest Point Since February Diesel prices across the U.S. fell to the lowest point since early February, declining 5.9 cents in the week ending...
FMCSA Shuts Down Unsafe Trucking Company Federal regulators shut down Texas-based motor carrier Demco Express for serious safety violations, the sixth unsafe trucking operator closed in...
Fitch Affirms Jaxport's "A" Rating Fitch Ratings affirmed its long-term "A" rating on the Jacksonville Port Authority's outstanding 2008 revenue bonds. The ratings agency said...
Daggett Denies Intentional Slowdown by ILA International Longshoremen's Association President Harold Daggett said long delays at the Port of New York and New Jersey before the...
Used Truck Prices Rose 16 Percent in April Truckers reeling from sticker shock when shopping for new trucks aren't finding much relief in the used truck market, according...
FedEx to Buy Brazilian Transportation Company FedEx plans to acquire a major Brazilian transportation and logistics company, as the parcel giant works to counters the increased...
Ratio Between Container Ship Orders, World Fleet Number Declining The ratio between container ships on order and the world fleet has fallen to a nine year low, according to...
Piraeus Port Profits on Big Increase in Traffic Piraeus Port Authority swung to a 185,400-euro ($231,250) pretax profit in first quarter 2012 from a 2.94 million-euro ($3.7 million)...
Geodis Opens Logistics Center in Singapore Geodis Wilson has opened a new logistics center in Singapore's Jurong harbor. The 3PL said the 19,356-square-foot facility would...
FMCSA Extends Comment Period on CSA Changes Motor carriers, truck drivers, shippers and freight brokers will have more time to comment on proposed changes to the Compliance, Accountability,...
Maersk Alabama Crew Sues Owner, Operator More than half the crew aboard the Maersk Alabama when it was attacked by Somali pirates in April 2009 have...
Crowley Acquires Distribution Center in Puerto Rico Crowley Maritime's Caribbean logistics unit has nearly doubled its distribution center space in Puerto Rico with the acquisition of a...
Asian Airlines Hit by Weak Demand and Softening Rates Softening cargo rates due to weak demand continue to impact the bottom lines of Asia's leading carriers, according to the...
Profit Surges at Indonesian Port Operator Port operator Indonesia Port Corporation II saw net profit climb by 45.9 percent year-over-year in the first quarter as demand...
Wilhelmshaven rushing to be completed on time Wilhelmshaven is still rushing to get its new state-of-the-art container terminal finished on time due to unexpected quay wall construction difficulties. Insufficient ...
UPS shows Olympic Games imagination Many social advantages will evolve out of this year's Olympic Games in London, but a regular barge service for containerised goods between Tilbury and Northumberland ...
Mombasa box traffic to rise Gichiri Ndua, managing director of the Kenya Port Authority (KPA),expects a similar rise in Mombasa's total cargo throughput this year to that achieved in 2011. ...
AfDB sounds warning note The African Development Bank Group has warned that the crisis in Europe could have a negative impact on Africa's economic growth and trade prospects. While its ...
Shipper groups slam Maersk's fog surcharge Maersk Line is to launch a fog surcharge in China's Qingdao - which the executive director of Hong Kong Shippers' Council has slammed as 'unreasonable' and 'unacceptable'.And ...
Validity of contract freight rates questioned Research revealed in SeaIntel's latest Sunday Spotlight questions the effectiveness of long-term ocean freight rate contract agreements between ocean carriers and ...
CP strikers back to work by Thursday? That is the prediction of Canada's Labour Minister, Lisa Raitt, who rushed through the necessary legislation in Parliament yesterday that will force Canadian Pacific ...
Star Reefers becomes Siem Shipping Effective today, the specialist reefer shipping company Star Reefers is changing its name to Siem Shipping. The move reflects the identity of its main shareholder ...
Argentine import restrictions: EU refers to WTO The European Union has referred Argentina to the World Trade Organisation [WTO] over the alleged increased difficulty in obtaining export licences for shipments ...
Chardan backs blank cheque New York investment bank helps line up $245m IPO as investment vehicle hunts opportunities in Russia and Europe.
Sekkesaeter still on top Head of Teekay Corp's UK-based technical division secures seat at top of table as management spinoff takes shape.
Teekay sheds light on alliance Tanker titan says tie-up with Anglo-Eastern will focus solely on management of "conventional" crude and product fleet.
Chinese discount stretches Gap in fuel performance and assumptions on quality mean Chinese-built bulkers are now up to one-fifth cheaper, RS Platou Markets says.
Cosmoship lights torch Greek owner earns top dollar for vintage containership in $2.7m demolition deal despite pricing pressure, brokers say.
SCI slumps to annual loss Indian state shipowner hurt by big liner deficit as wages and bunker costs soar.
Seanergy loss grows Restis-controlled bulker owner sees its bottom line slip further below zero in the opening three months of 2012.
Erria back in profit Danish tanker group survives last year's write-downs to emerge stronger in the first quarter.
Pallas plots newbuilding Swedish owner in talks with shipyard over new high-spec bunkering vessel to boost fleet.
Global Carriers inches up Malaysian product tanker owner cuts deficit as operating costs fall.
Bargain for Thenamaris Greek heavyweight tipped to be the buyer of a Japanese products tanker at a knock-down price.
WIS worse India's biggest shiprepairer sees earnings dip on lower revenue to 31 March.
Crew held for scrap sale Desperate seafarers on detained Lanka Mahapola arrested in South Africa for selling metal off-cuts to raise $96.
Teekay in Anglo Eastern deal US-listed tanker giant to form ship management venture with Hong Kong's Anglo-Eastern involving 50 ships.
Leo TechnoSoft develops trade manager for Eximforce
FedEx to buy Brazil's Rapidão Cometa The deal, which is expected to increase the express carrier's operations in the South American country, should close in the third quarter of this year, though it is subject to the customary closing conditions.
FreshStart partners with Transite
Maersk raises Samba capacity 68% The ocean carrier will increase the size of five of the seven vessels currently deployed on the weekly Europe-east coast of South America service from 3,913 TEUs to 6,558 TEUs.
Crowley expands Caribbean logistics
Miami ship surveyor convicted Alejandro Gonzalez, 60, of Miami-Dade County, Fla., was convicted of three counts of making false statements to the Coast Guard and one count of obstruction of an agency proceeding.
Washington Notebook: DHS' careful approach to cargo radiation monitors
Legislation introduced to end CP strike
Contract rates following spot rates
Orderbook reaches 9-year low
Horsley, Basso to retire from AASHTO
Ericsson in Panama settles U.S. export violations Ericsson de Panama S.A. of Panama City has agreed to pay a civil penalty of $1.753 million to settle 262 violations of the U.S. Export Administration Regulations.
Office move for UK-based broker New contact details for Nautical Supply International.
China to levy 'pollution' tax on fuel oil cargoes Levy will also apply to shipments of crude oil, diesel and lubricants.
Merged companies form new entity Argos Ceebunkers and North Sea Group Bunkering are joining forces under the new name Argos Bunkering BV.
Asian bunker markets see mixed price movements Supplies of bunker products fine at major Asian ports on Tuesday.
UK refinery set to close Speculation that it could become a terminal.
OOCL Vietnam lowers emergency bunker surcharge New surcharge for services from Vietnam to Intra Asia ports to take effect from June 1 onwards, it says.
Eimskip posts decline in Q1 profit Slow improvements in volumes while costs, including bunker expenses, have increased, says CEO.
UK P&I Club: 'Cappuccino bunker' alert at Singapore "It has come to the club's attention that some bunker deliveries at Singapore have contained excessive amounts of air," it says.
Japanese firms collaborate on fuel efficient box ships Use of LNG as bunker fuel and Mitsubishi Air Lubrication System among technologies that will be shared.
Iranian sanctions 'next challenge' for Middle East bunker market Market to face challenges fuel oil stops coming into the market after July, according to industry players.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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