Delta cancels Detroit - Hong Kong link Atlanta GA (USA)-based Delta is serving the Detroit - Hong Kong route for the last time today (30 August). The last return flight of the service, operated five times weekly with Bo...
DAF XF105 wins Australian international design award 2012 The DAF XF105 won the design award in the automotive and transport category at the Australian International Design Awards (AIDA) 2012 gala in Sydney. The jury praised DAF's top-of-...
Roadrunner Transportation System acquires R&M Transportation and Sortino Transportation USA-based Roadrunner Transportation Systems has acquired all the operating assets and business of R&M Transportation and all of the outstanding stock of Sortino Transportation,...
Feeder to the Brenner base tunnel finished The new, 40 km long double track railway line between Kundl and Baumkirchen near Innsbruck (Austria) has been completed. The EUR 2.33 billion project is a role model for the planne...
More containers in Gothenburg The Swedish port of Gothenburg handled a total of 458,000 teu in H1/2012, 2,000 more than in the corresponding period last year. The decision by the shipping company alliance ...
Four new cargo clients for troubled Hahn airport Hahn airport (Germany), which is believed to have financial troubles that could lead to bankruptcy in 2013, acquired no less than four new cargo clients last week. They are Yangtze...
Eurotunnel Le Shuttle transports nearly 75,000 cars in one week Le Shuttle, the car-carrying trains run by Groupe Eurotunnel through the Channel Tunnel between France and Great Britain, achieved a new record for traffic over recent weeks. In th...
New deputy CEO of Groupe Eurotunnel Groupe Eurotunnel, the operator of the Channel Tunnel between Britain and France, announced that Emmanuel Moulin took on the role of deputy chief executive officer responsible...
TAPO to specialize in MRO Tashkent Aviation Production Organisation (TAPO), Uzbekistan, which was declared bankrupt in 2010, is to focus on manufacturing parts and providing maintenance for Ilyushin Il-76s ...
Fiege opens fashion warehouse in China Fiege, the Greven (Germany)-based contract logistics specialist, is underlining its focus on the core markets of Europe and Asia, especially China by opening another warehouse fa...
H.J. Heinz and Ceva ink transformational ocean freight agreement H. J. Heinz Company and SCM/logistics service provider Ceva Logistics recently announced a groundbreaking five year ocean freight contract. In a strategy led by Heinz's global proc...
Kuehne + Nagel now Bayer's exclusive healthcare logistics provider in Chile Bayer Healthcare Chile has awarded Kuehne + Nagel (K + N) an exclusive contract to manage its national distribution centre, plus warehousing, laboratory testing, quality control an...
LPG offers a safe haven for StealthGas Vafias sees value in having options in today's shipping business
Experts hail a golden age for LPG Market niche boasts modest orderbook and solid demand
Beijing makes the case for gas carriers China will drive future LNG growth - but what tonnage will it need to support this?
Unifeeder acquires Feederlink Forms feeder and shortsea operator in Northern Europe
Drilling into the risks in Brazil's offshore industry Projects are expensive in a country where Petrobras runs the show
VLCCs shipping Middle East crude to US Gulf face bleak future Rising US crude production spells trouble for the largest tankers
LNG shipping to benefit from Europe's nuclear woes Liquefied natural gas could meet the energy shortfall if more European reactors go offline
Weak coastal trade hits first-half results for Chinese lines International trade not to blame for state giants' dismal performance, say analysts
Subic Bay and Oman dominate valemax fleet activity Brazilian iron ore major has managed vessel employment without access to Chinese ports
German marine firms hold crisis talks with government Owners seek short-term state support to survive ship finance downturn
Supramax spot markets find floor With ships idling in both the Atlantic and Pacific rates stopped falling this week
New York-New Jersey strike vote inches US deeper into east coast docks dispute ILA says ballot is not binding but reflects members' hardening mood
P&I alerts owners to dangers using oxy-acetylene equipment Port State Control plans concentrated fire safety inspections
China Cosco reports deeper first-half losses Firm performs worse than expected, bucking box rivals' trend
Baltic Exchange tanker TCE earnings: representative or real? Debate follows two months' reported negative rates for benchmark VLCC spot-market route
Equity analysts demand more accurate earnings benchmark Baltic Exchange tanker indices 'misrepresent the market'
Indices gauge state of market Tanker earnings were introduced to boost FFA liquidity, not shipping stocks
Chinese steel mill expects further drop in demand this year Baosteel issues most bearish outlook yet for global iron-ore prospects
Discipline is critical as container shipping earnings peak Lines will struggle to resist rate-cutting if ship utilisation levels slip, says Nomura
Cosco at a loss Poor half-year results leave China shipping giant with some explaining to do
APM Terminals arm signs Indian container freight station deal MIV Logistics agrees 10-year contract for management of new facility near Vallarpadam terminal
Doing the right thing The Prestige casualty and lessons learnt from it should be long remembered
CSCL returns to black in second quarter First-half loss more than doubles year on year, weighed down by giant first-quarter loss
Jinhui profits drop 58% in second quarter Hong Kong dry bulk operator takes $11m provision on capesize losses
Extra sailings lift Eimskip Shipping line reports higher revenue and earnings as new route between northern Norway and North America builds volume
CMHI invests in Lomé box terminal developer China's top port operator takes 50% stake in Togo's Thesar Maritime
Spain loses appeal in $1bn Prestige lawsuit against ABS Landmark ruling in New York has huge implications for classification industry
Ambassadors press EU for global climate-change solution Brussels faces growing pressure over planned curbs on shipping CO2 levels
NordLB blames shipping exposure for profit slump German bank quadruples credit risk provision
Hutchison brings down the curtain on ACT Amsterdam facility's owner blames lack of demand for deepsea box terminal of this size
DSME's profits drop 56% DAEWOO Shipbuilding & Marine Engineering said 2Q12 profits were 96Bn won ($85M), down 39% year on year
West African piracy sparks fall for 'urgency' BRITAIN needs to develop the same sense of "urgency" toward fighting piracy off West Africa as off Somalia, Maritime UK has urged
DPW's profits flatline DUBAI Ports World has reported stable net profits for this year's first-half, on slightly higher revenues
95 feared lost off Java SEARCHERS are reportedly looking today for up to 95 people missing since a people-smuggling vessel sank 75km southwest of Java
Shipping seen locked out of low interest rates SHIPPING groups are largely missing out on today's low interest rates for bank financing, Jinhui Shipping & Transportation said today, while unveiling a steep fall in 2Q12 net profits
Amsterdam Container Terminal being closed HPH TOLD Fairplay today it has decided to close Amsterdam Container Terminal as of 1 January
Caution urged on Chávez VENEZUELAN President Hugo Chávez has promised to increase oil production if re-elected in about six weeks
CSCL doubles losses CHINA Shipping Container Lines today said losses for the first six months increased by 103% year on year
Box sector faces 2013 glut BOX LINERS could be seriously oversupplied in 2013, as ultra-large ships ordered in 2011 begin to be delivered, shipping analyst Janet Lewis said
Trans-Atlantic tankers spared PRODUCT tanker owners in the trans-Atlantic sector have been largely spared blowback from the Venezuela refinery fire and Hurricane Isaac, an Oslo shipbroker has found
September LPG prices jump 23% SAUDI ARAMCO has raised LPG contract prices again, pushing up their year-on-year rise to 23%
Capesize rates drop again AUSTRALIAN mining groups are still fixing Capesizes for discharge in China, brokers told Fairplay today, but overwhelming vessel supply has enabled them to push down rates again
China's imports 22% more cars CHINA imported 93,100 passenger vehicles in July, an increase of 22% year on year
Air China Profit Falls 77 Percent Air China Ltd. said its profit fell 76.7 percent in the first half of 2012 to RMB945 million ($149 million),...
Study: Vehicle Emission Rules to Cut Highway Funding by $72 Billion Tighter federal fuel emission standards for cars and light-duty trucks will cut nearly $72 billion from the Highway Trust Fund...
Yusen Logistics Begins Malaysia-US LCL Service Yusen Logistics is launching a less-than-containerload service from Malaysia to the United States, in conjunction with TASCO, an NYK Group...
Maersk, G6 Alliance to Suspend Services During Chinese Holiday The G6 Alliance and Maersk will suspend a number of Asia-Europe services during China's national Golden week holidays in October,...
OCU, Employers Say They'll Work to Avoid Strike In what is probably the most significant development to emerge from more than two years of negotiation between office clerical...
China to Curtail Negative Freight Rates Liner companies that serve trade lanes to and from China, and that includes most of them, may have to pause...
NIT League Urges LaHood to Seek ILA-USMX Talks The National Industrial Transportation urged Transportation Secretary Ray LaHood to encourage the International Longshoremen's Association and United States Maritime Alliance...
Amsterdam 'White Elephant' Box Terminal to Close Amsterdam Container Terminals, is to close, capping a doomed decade-long bid to shake off its White Elephant image and attract...
PIERS Reports 9.7 Percent Growth in Containerized Imports U.S. containerized imports jumped 9.7 percent to 1,562,235 20-foot-equivalent units in July, led by increases in auto parts and furniture,...
Soft Demand Hits Chinese Textile Exports Weak demand is stunting growth in China's textile exports, the Global Times reports. GT said a spokesman for...
Romney's Freight Policy Solidifies, But Questions Remain Shippers and transportation providers looking to understand how presumed Republican presidential candidate Mitt Romney would handle the nation's ailing freight...
Gulf Ports May Reopen Friday The Gulf ports of New Orleans, Mobile and Gulfport remained closed Thursday morning in the wake of Hurricane Isaac as...
Cosco Reports First Half Loss China Cosco Holdings posted an operating loss of 3.7 billion yuan ($579 million) for the year's first six months. Revenue...
RILA Makes Plea for ILA-USMX Talks to Resume The Retail Industry Leaders Association urged the International Longshoremen's Association and the its management counterpart to resume negotiations in order...
Global Air Cargo Recovery Stalls The fragile recovery in the air cargo market stalled in July, with traffic declining 3.3 percent from a year ago...
CEVA Logistics Signs Five-Year Deal With H.J. Heinz One of the world's largest ocean shippers has broken with tradition and signed an exclusive five-year deal with a single logistics...
NAFTA trade up 6.6% Surface trade between the US, and its NAFTA partners, Canada and Mexico, climbed by 6.6% in June compared to the same month of 2011, albeit that it was down by ...
Khalifa port to open at the weekend The new port of Khalifa in Abu Dhabi will open on Saturday September 1 and cargo and services will gradually be transferred to the new 2.5 million TEU and 12 million ...
OPCSA adds new equipment Operaciones Portuarias Canarias, S.A. (OPCSA), which operates the leading cargo-handling facility in the port of Las Palmas, Gran Canaria, has expanded and modernised ...
ICG sees profit decline Ireland's Irish Continental Group [ICG] saw its operating profit sink by 21.5% at the H1 stage, versus the same period of 2011, to EUR5.1 (USD6.4) million as its ...
China's big two liners see H1 losses widen Both China COSCO and China Shipping Container Line (CSCL) have seen their net losses spiral for the first half of the year on the back of the economic crisis, a ...
G6 also cancels Asia-Europe sailings G6 Alliance members OOCL, Hapag-Lloyd, NYK, MOL, APL and HMM have joined the growing list of ocean carriers cancelling sailings from Asia to Europe during China's ...
Unifeeder grabs Feederlink Dublin-headquartered Irish Continental Group [ICG] has entered into an agreement to sell its short-sea container shipping subsidiary, Rotterdam-based Feederlink ...
MSC goes to Stockholm MSC will start calling directly at Stockholm from the beginning of October instead of serving it from nearby Sodertalje. Commenting on the change, Mattias Hellstrom, ...
Seawolf dodges bullet Heidmar co-owner George Economou has no immediate plans of pulling tonnage out of the US operator's fledgling VLCC pool, according to Marc La Monte.
Changing of the guard Heidmar has asked the head of its Blue Fin Tankers suezmax pool to lead its UK offshoot following the departure of 12-year veteran John Edmondson.
How low can FRO go? A leading Wall Street analyst upgraded shares of Frontline Thursday on the heels of a second quarter earnings miss and sharp decline in share price.
How low can FRO go? Wells Fargo upgrades shares of Frontline on the back of Wednesday's dip.
Hammonia loss grows German boxship owner hurt by rising costs in the first half.
Energy Centurion freed The Restis-controlled tanker Energy Centurion has been released by pirates off West Africa.
NOCC sends PCC packing Norwegian Car Carriers' fleet renewal campaign continued with the sale of a wholly owned vessel built in 1988.
Sealink trimmed in Q2 Malaysian shipbuilder and charterer Sealink International has seen its earnings clipped due to a fall in vessel sales and lower profit margins.
Deutschland damage The German men's Olympic hockey team faces a $600,000 repair bill after over-enthusiastic celebrations on a Peter Deilman cruiseship.
Jensen's price call Jens Martin Jensen believes VLCC newbuilding prices have further to fall and is predicting a tough few months for tanker owners returning from holiday.
Otto builds backlog Otto Marine has secured a lucrative long term charter contract in Western Australia for one of its offshore support vessels.
ABS in the clear US class society ABS looks to have finally won its war over the Prestige sinking, as a New York court ruled it could not be held liable for the incident off Spain in 2002.
BWO hit by Papa BW Offshore has suffered in the second quarter due to a delayed FPSO conversion in China.
Isaac strikes Stolt Hurricane Isaac has left Stolt-Nielsen's Southern Louisiana terminal sitting under seven feet of water.
Wooly jumpers rescued A Norwegian ferry was diverted from its voyage to help save sheep that had jumped into the sea as their transport boat took on water.
DB cuts Daewoo A third successive quarterly earnings miss for Daewoo Shipbuilding & Marine Engineering has seen Deutsche Bank cut its rating on the shipbuilder.
Binh pleads his case Jailed ex-Vinashin chairman Pham Thanh Binh has denied deliberately flouting state laws in an appeal against his sentence.
ITC profits from spot rise Frontline-controlled Independent Tankers Corp has been boosted in the second quarter thanks to two VLCCs operating in an improved spot market.
What's the plan, Cosco? China Cosco Holding's huge first half loss has raised questions about how the giant owner will ride out the storm.
Jutha buys MPP Thailand's Jutha Maritime has continued its fleet expansion with a deal to buy a modern Thome-managed multipurpose cargoship.
Jinhui profit sliced Jinhui Shipping & Transportation has seen its second quarter profit sliced in half by a beleaguered bulker market.
ICG launches buyback Ferry owner Irish Continental Group (ICG) is returning up to EUR 115.5m ($145m) to shareholders in a buyback offer, buoyed by a "robust" result in the first half.
ICG sells Feederlink Denmark's Unifeeder has snapped up Irish containership operation Feederlink to build its shortsea presence.
Nisshin books double Japan's Nisshin Shipping has inked contracts for two new kamsarmaxes in China.
Siem wins LNG PSV deal Siem Offshore has secured a long-term charter for a dual-fuelled large PSV from French oil major Total.
Seadrill CEO in the money Seadrill chief executive Alf C Thorkildsen is richer to the tune of $11m today after exercising a number of share options.
Surveyor gets 21 months Man learns fate after being found guilty of false statements to USCG about ship safety.
DSME Q2 profits slump Daewoo Shipbuilding & Marine Engineering has seen second quarter profits slump by 33% compared to a year ago.
Seattle port chief questioned over Expeditors role
Damage assessment underway after Hurricane Isaac New Orleans port officials said they hope to resume normal operations by the weekend. The port only received some minor wind damage, and there are nine general cargo ships awaiting entry to its marine terminals.
FMC reviews 18 OTI license applications
More red ink for China's carriers China's two major container lines - COSCO Container Lines and China Shipping - lost a combined $387 million in the first half of 2011, with both carriers performing worse this year than last during the period.
NIT League to LaHood: Help restart longshore talks The largest organization in the country representing shippers is seeking the assistance of U.S. Transportation Secretary Ray LaHood to get contract talks restarted between dockworkers on the East and Gulf coasts and their employers.
HP endorses new SEC rule on conflict minerals The provision of the Dodd-Frank Wall Street Reform and Consumer Protection Act is not widely favored by industry because of the perceived difficulty of tracking minerals through opaque supply chains.
G6 carriers to skip Golden Week sailings
MSC raising westbound transatlantic rates
Priority buys Heathrow-based AWLI
Geodis Wilson establishes Hamburg base
Leaman Logistics becomes CLX
SynchroNet expands street-turn service
Management calls on ILA to meet, discuss work rules
Current bunker prices 'still too high' 'Fuel costs will definitely still be an issue,' as container lines struggle for profits.
Market firm in Rotterdam Good demand in Piraeus and Gibraltar.
Bunker prices climbing in Fujairah Some suppliers in Middle East hub 'fully committed' until the begining of September.
Fuel oil stocks climbing More arbitrage cargoes from India.
Singapore traders expect delays in fuel oil shipments Market 'could tighten' in second-half of September.
PSV newbuilds to get fuel efficient propulsion system GE Energy Management's propulsion system minimises wasted propulsion force and reduces fuel use.
Prices climb in Singapore and other major ports Bunker avails fine at key Asian ports on Thursday.
CSCL doubles losses in H1 Operating costs increased partly due to a 25% increase in cost of bunkers.
New bunker trader joins Dan-Bunkering Oscar Obregon will be based in its Copenhagen office.
Box manufacturer 'benefits' from slow steaming Slow steaming 'helps balance' demand and replacement rates of containers, says Singamas.
Chinese shipping firms establish Singapore bunker venture Centralised purchasing of bunkers will help the companies 'control and reduce' their fuel costs.
Titan hits back at GCL Files countersuit against the transportation group for 'specific performance' on yard sale agreement.
Sinopec Zhoushan sees bunker sales fall 'The Chinese market is bad,' says a company source.
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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