New energy port in Nador (North Morocco) The King of Morocco has given his approval to build Nador West Med, a massive new energy port for Northern Morocco, and one of the cornerstones of the country's new USD 8.7 billion...
Banedanmark upgrades Danish rail fleet Siemens has been commissioned by the Danish railway infrastructure operator Banedanmark to equip 840 rail vehicles with the global system for mobile communication railways (GSM-R) ...
Record year for Groupe Eurotunnel The Channel tunnel operator Eurotunnel carried more trucks than ever before in 2012, and overshot the previous record year 2007. Last year Eurotunnel's shuttles transported 16% mor...
Plans for new authorised testing facility in North Wales The UK-based haulier OJ Jones & Son is waiting for permission from the Vehicle and Operator Services Agency (VOSA) to open a new site with an authorised testing facility (ATF) ...
British Gas takes delivery of 138 Nissan Primastars The Japanese vehicle manufacturer Nissan has delivered 138 Primastar vans to bolster the service fleet of British Gas. The energy provider's home services division took delivery of...
Kam Airline's alleged involvement in drug trafficking discussed by Afghanistan's Council of Ministers Kam Airline's alleged involvement in drug trafficking discussed by Afghanistan's Council of Ministers Afghanistan's Council of Ministers recently discussed allegations that the pr...
Contship Italia Group's CICT handles eight vessels handled simultaneously Cagliari International Container Terminal (CICT), the transhipment hub of the Contship Italia Group, rose to the challenge of welcoming two "mother" vessels operated by ...
New CFO for B2B supplier in packaging sector The Ratioform Group has named Joachim Eschke as a member of its executive board. As finance director and CFO, he will be responsible for controlling and administration. At earlier ...
Gezairi veteran moves on The Gezairi Transport Group has reported that Mohy Ghannoum, who held the position of managing director of the international freight forwarding division, is leaving the compan...
Asiana docks at Fraport Cargo Services South Korea-based Asiana Airlines is switching its handling partner at Frankfurt airport (Germany) tomorrow (1 February 2013). The carrier is moving from WFS to Fraport Cargo Servi...
Baltic Ground Services successfully launches operations in Italy Baltic Ground Services (BGS), an international provider of ground handling and aircraft fuelling services, is steadily strengthening its presence in the European market, by commenc...
Norbert Dentressangle boosts turnover in 2012 The French transport and logistics service provider Norbert Dentressangle (ND) boosted its turnover to EUR 3.88 billion in financial 2012, 8.5% more than the EUR 3.58 billion gener...
UPS and TNT merger now formally vetoed by EU The multi-billion merger of the US logistics corporation United Parcel Service (UPS) and the Dutch service provider TNT Express has now been officially blocked, as expected, by the...
London flexes its muscle as a major maritime hub Lord Mayor underlines why the industry matters to UK economy
Brussels drops feeder antitrust probe Two schemes abandon controversial aspects of their agreements
Golar expands gas empire Will the gas player spread itself too thinly as it targets the supply chain?
Carnival unveils swap of UK shares for US stock Goal to earn 'economic benefit' on the side, says cruise major
Box line data opens up new rate opportunities Support grows for agreements that use indices as protection against price fluctuations
Singapore poised to be LNG game-changer Asian liquefied natural gas sector faces a shake-up
Seanergy sheds four Oldendorff-linked handysizes Transaction wipes $30m off debt and cuts fleet to eight units
Ports buying spree reveals CMHI's global ambitions Hong Kong-listed company is preparing to weather a slowdown in China, but analysts say it has overpaid to expand abroad
LaHood steps down as US transport secretary Replacement sought for Illinois Republican who oversaw Tiger Grant disbursement
Northland mine starts exporting iron ore from Sweden First shipments will travel from Narvik to Norway for Tata Steel
Shell pays top dollar to charter product tanker Atlantic trade a-buzz as high US gasoline prices boost trade
Kirby ends 2012 on a high Positive results forecast this year due to healthy prospects for coastal trades
Guards told 'do not shoot' 'As soon as there are feet on deck everything stops', says Clipper security chief
Impairment on recent VLCC swap tips Capital into red Owner hails new boxship charters and brighter signs for product tankers
Golar's high-wire act LNG diversification will make or break Fredriksen gas firm
MOL takes $1bn hit to reduce spot bulker and tanker exposure Japanese shipping giant forecasts bearish markets
China Shipping Development announces surprise recovery Bulker and tanker player expects a small profit, beating forecasts
Arms and the men Three guards? Four guards? Does it make a difference?
Global oil spill trends Downward trends in oil spills continue despite an overall increase in oil trading, according to latest ITOPF analysis
Shell's LNG sales volumes rise 13% Energy major benefits from focus on gas
Stolt awaits better times for tankers Group relies on terminals and containers to drive profit growth this year
Samsung Heavy Industries forecasts upbeat year ahead Fourth-quarter net profit is lower but margin improves
NYK and K Line raise profit outlook despite weaker operating results Japanese shipping giants ride investment gains from strong stock markets
'K' Line, NYK return to black - but not MOL 'K' LINE and Nippon Yusen Kaisha showed profits today when Japan's Big Three shipping companies released their earnings results for April-December 2012
CPP logs impairments NASDAQ-listed Capital Product Partners today announced impairments related to its VLCC-box ship swap and gave an update on its talks with bankrupt OSG
LNG bunkering seen as a transition only A BUNKERING conference has been warned that LNG cannot be seen as a long-term solution for maritime air pollution
P&I group clarifies Iran bunker rules BUNKER oil can include crude from Iran without violating EU sanctions, the International Group of P&I Clubs said - as long as Tehran is not the only source for the mix
Stolt-Nielsen profits drop for full financial year STOLT-Nielsen has reported higher profits for the final quarter of its financial year, but its full-year figure dropped year on year
CP sees more losses SHENZHEN-listed Changhang Phoenix has estimated a second consecutive year of losses for 2012, due to depressed freight rates
JNHI cut losses in 2012 SHANGHAI-listed CSSC Jiangnan HI said today it cut its losses by 83% in 2012
Buy-back offer issued by STX Europe STX EUROPE today issued a voluntary offer for the company's outstanding bonds AKY03 and AKY04, listed on the Oslo bourse
TTA succeeds at second attempt to raise funds THORESEN Thai Agencies has succeeded in its second attempt to raise funds for fleet expansion, after an initial attempt failed in December 2012
OSG sheds more charters BANKRUPT OSG has jettisoned four more charter-ins after a Delaware judge approved its contract-rejection procedures last week
Oakajee scheme extended, but now what? THE OAKAJEE port and rail scheme won a stay of execution this week when Western Australia's government handed its Japanese owners an eight-year extension
Force majeure called on Rio's Kestrel contracts RIO TINTO has reportedly declared force majeure on contracts to sell coal from its Kestrel mine in Australia because of supply delays caused by flooding
Woodside LNG total rises record 30% WOODSIDE Petroleum's LNG production rose a record 30% in 2012, which the group attributed to the Pluto start-up off Karratha in Western Australia
Japan's Iranian crude intake drops again JAPAN's imports of Iranian crude oil have dropped 39.2% year on year to 11,116,035 kilolitres or 191,032 barrels per day, according to its trade & industry ministry
CMHI borrows $1Bn from sibling unit HONG KONG-listed port operator CMHI has reached a loan agreement for up to $1Bn with a sibling company
All Nippon Airways' Profit Soars 54.6 Percent All Nippon Airways Co. (ANA) said on Thursday that its group net profit surged 54.6 percent in the first nine months of fiscal 2012, which started on April 1, 2012, from a year earlier to $573.63 million, despite a slump in cargo operations. The Japanese carrier's group revenue from overall operations...
Transport Corp. of India's Profit Fell 16 Percent in Third Quarter Trucking and logistics giant Transport Corporation of India reported on Thursday its net profit declined 16 percent year-over-year to $2.12 million in the third fiscal quarter, which ended Dec. 31, 2012, mainly because of rising operating costs. Operating revenue for the October-December quarter grew 6 percent to $92 million from $87...
NYK Line Posts Nine-Month Profit of $39.8 Million Shipping company NYK Line today reported profit in the first three quarters of fiscal year 2012, ending Dec. 31, 2012, was $39.8 million and revenue totaled $17.6 billion. NYK Line predicted that profit for the full fiscal year of 2012, ending March 31, 2013, would be $73.6 million and revenue, $23.1...
US Agencies Seize $13.6 Million in Fake NFL Goods Teams of special agents and officers from U.S. Immigration and Customs Enforcement's Homeland Security Investigations, U.S. Customs and Border Protection, U.S. Postal Inspection Service and state and local police departments nationwide, in partnership with the National Football League and other major sports leagues, have seized more than $13.6 million in...
New Trade Corridors Offer Opportunity for 3PLs Between 1995 and 2010, the value share of world merchandise trade in developed countries declined from 69 percent to 55 percent, while that of developing countries increased from 29 percent to 41 percent. South-south trade - commerce between developing countries - increased 13.7 percent a year for the period, well...
Senate Considers 'Equitable' Use of HMT WASHINGTON, D.C. - Sen. Barbara Boxer, D-Calif., on Thursday said she wants a more "equitable" use of Harbor Maintenance Trust Fund dollars within a long-delayed bill key to authorizing port and inland waterway project. The push to help some U.S. ports, particularly those on the West Coast, gain more of the...
'K' Line in the Black and Carrying More Laden Containers Japanese ocean carrier "K" Line reported profit in the nine months ending Dec. 31, 2012, was 9.4 million yen (about US$102.9 million), up from a net loss of $461.5 million during the same period in 2011. From April to December 2012, operating revenue was $8.8 billion, compared with $8.0 billion during...
Ray LaHood's Freight Legacy Outgoing Transportation Secretary Ray LaHood's imprint on U.S. transportation goes far beyond cutting down on driving while texting and heralding high-speed rail. Arguably, the former Republican congressman's advancements in freight policy will last longer and have a larger impact on the national economy than the so-called sexier hallmarks of his...
Capital Product Partners Posts Loss for Quarter, Year Greek bulk shipowner Capital Product Partners, today reported a net loss of $35 million in the fourth quarter of 2012, dropping from a profit of $1 million in the fourth quarter of 2011. Quarterly revenue was $38.3 million, falling 13 percent from $44 million in the same period the previous year. For...
Covenant Transport in the Black for Quarter and Year Chattanooga, Tenn.-based truckload carrier Covenant Transport reported profit in the fourth quarter of 2012 was $1.5 million, up from a net loss of $2.2 million in the fourth quarter of 2011. Total quarterly revenue was $177.5 million, rising 9.6 percent from $162.0 million in the same quarter the previous year. Freight...
Rails Hit the Road to Push Intermodal When U.S. railroad executives released their fourth quarter 2012 earnings late last month, they couldn't help but talk about their trucking archrivals - and with good reason. The major railroads are betting an array of federal regulations will bite into trucking capacity in the second half of the year, giving shippers...
Trans-Pacific Spot Container Rates Decline Trans-Pacific spot rates dropped 3.4 percent to $2,438 per 40-foot container this week, showing erosion off a partially successful general rate increase implemented in the middle of the month, according to the Drewry Hong Kong-Los Angeles container rate benchmark. Two weeks ago, the index shot up 14 percent or $311 to...
Knight Transportation's Net Rose 6.4 Percent in 2012 North American truckload transportation business Knight Transportation reported profit in the fourth quarter of 2012 was $17.7 million, up 1.3 percent from $17.5 million in the fourth quarter of 2011. Quarterly revenue increased 8.1 percent from $224.1 million in 2011 to $242.3 million in 2012. For the full year of 2012, profit...
Landstar's Profit Up 4 Percent in Fourth Quarter North American trucking and transportation company Landstar System today reported its profit in the fourth quarter of 2012 was $34.0 million, increasing 4 percent from $32.6 million in the fourth quarter of 2011. Quarterly revenue fell 4 percent from $717.5 million in 2011 to $691.3 million in 2012. However, the company noted...
Konecranes' Profit Rose 30.4 Percent in 2012 Finland-based lifting equipment manufacturer Konecranes reported profit in the fourth quarter of 2012 was 22.3 million euros (about US$30.3 million), dropping 2.9 percent from $31.2 million in the fourth quarter of 2011. Quarterly sales rose 1.2 percent to $821.9 million. For the full year of 2012, profit was $115.0 million, jumping 30.4...
PACCAR's 2012 Profit Increased 7 Percent Truck manufacturer PACCAR today reported a net income of $1.1 billion in 2012,an increase of 7 percent from $1.0 billion in 2011. Annual revenue was a record $17.1 billion, up 4 percent compared with $16.4 billion in 2011. "PACCAR launched more new trucks in 2012 than in any other year," said Ron...
Canada Pressed to Alter Container Repositioning Rules Unlike in the U.S., foreign container lines can't reposition empty containers at Canadian ports, and the result is additional rail and truck costs that often are passed to shippers. The Shipping Federation of Canada wants that to change and is pressuring the government to amend the Coasting Trade Act, the...
Furniture Imports Growing With Housing Recovery The U.S. housing recovery bodes well for containerized imports of furniture and other home goods this year. Furniture accounts for 10 percent of U.S. containerized shipments, making it an important bellwether for container shipping. "Furniture imports are highly correlated with the housing market. If housing continues to recover, furniture imports will...
Ryder's Profit Jumped 24 Percent in 2012 Trucking company Ryder System today reported its profit in the fourth quarter of 2012 was $53.8 million, rising 12 percent from $48.1 million in the fourth quarter of 2011. Quarterly revenue was $1.6 billion, a 3 percent increase compared with $1.5 billion in the same period the previous year. For the full year...
Red Tide for Shipowners Like the seas it sails on, the shipping industry rises and falls economically in many ways. One wave falling now that I believe will have the biggest impact on the industry involves the non-operating shipowners, and few will even know it happened. These entities have been an integral part of the...
APM T boost for Algeciras APM Terminals will invest $57m to equip Algeciras with eight cranes to handle 18,000 teu container ships.The investment will consolidate the Spanish port's role ...
Box line data opens up new rate opportunities Price indices produced by container lines are gaining a foothold in contract negotiations between carriers and their customers.The volume of cargo covered by index-linked ...
Norbert Dentressangle records 8.5% growth in 2012 French transport, logistics and freight forwarder, Norbert Dentressangle [ND] posted 8.5% growth in turnover to EUR3,880 million last year 'despite a worsening ...
China hits back in trade wars China's Ministry of Commerce has announced that it is to impose anti-dumping duties of up to 18.8% with immediate effect for a period of five years on the import ...
US economy shrinks in Q4 12 A shock contraction of 0.1% was recorded in the US economy in the final three months of last year - the first since 2009. Wall Street analysts had been expecting ...
MSC withdraws $300 Asia-Europe surcharge Mediterranean Shipping Co has withdrawn a $300 per teu Asia-Europe peak season surcharge (PSS) which was to have taken effect at the end of last week against a ...
Exmar eyes rebound Exmar's fleet of very large gas carriers (VLGCs) is poised to cash in on a freight rate rebound in 2013, the Belgian shipowner told investors in its fourth-quarter earnings report Thursday.
Kirby edges ahead US tank-barge giant Kirby Corp has added $2m to its fourth quarter profit as margins improved.
Havila trims loss Havila Shipping has seen a slight improvement in its fourth quarter numbers despite revenue dipping.
Peake guilty of fix The former president of Sea Star Line has been convicted in Puerto Rico of rigging boxship rates from the US.
Courage in cape swoop Courage Marine has doubled its capesize fleet with the acquisition of a 1994-built vessel from Dong-A Tanker.
CPP hit by sale Marinakis company's Q4 loss $35m after impairment charge on disposal of two VLCCs.
Ventouris fights on A long running battle between Charalambos Ventouris and Credit Suisse over the loss of part of the shipowner's fortune is set to continue.
Sanoyas tightens up Japanese shipbuilder Sanoyas Holdings Corp has increased margins to post a bigger profit in the first nine months.
Leevac wins PSV double Leevac Shipyards in Louisiana has bagged an order for a pair of large platform supply vessels.
Meiji makes it black Japanese tanker and bulker owner Meiji Shipping has returned to profit over the first nine months of its financial year.
JES warns on profit JES International Holdings has told investors to expect a loss when the shipbuilder announces its full year earnings.
EU drops German probe The European Commission (EC) has scrapped an antitrust investigation into two German shipping cooperatives that are set to close down.
Petronas in MISC buy-out Malaysian state oil firm Petronas is planning a complete takeover of compatriot shipowner MISC that will see the company delisted from the Kuala Lumpur Stock Exchange.
What's inside the box? Marine insurers are to press for more information to be provided about the content of containers as part of efforts to improve ship safety.
TTA wins the day Shareholders of bulker owner Thoresen Thai Agencies (TTA) have approved a scaled-back THB 6.37bn ($214m) fundraising
Iino turns it around Iino Kaiun Kaisha has soared back into the black in the first nine months of the year.
What a waste A Princess Cruises vessel has been fined for dumping swimming pool water into a pristine Alaskan bay.
Azuma's profit dips Japan's Azuma Shipping has carded a small dip in nine-month profit.
NS United cuts loss Japanese bulker owner NS United has reduced its loss in the first nine months, but its full year is looking weaker.
Sasebo HI slumps Japanese shipbuilder Sasebo Heavy Industries has suffered a huge earnings reversal in the first nine months of the financial year.
Daiichi loss grows Cash-strapped Japanese owner Daiichi Chuo Kisen Kaisha has posted a bigger loss in the first three quarters - and the forecast is for more pain to come.
No recovery in 2013 Niels Stolt-Nielsen has given a bleak assessment of prospects for the chemical tanker market saying he sees "no significant recovery in 2013".
Alltech eyes LNG splurge Russia's Alltech group is in talks to build four LNG carriers at state-owned United Shipbuilding Corporation (USC).
Yard workers feel pinch Workers at China's state-owned Guangzhou Shipyard International (GSI) have suffered a big salary reduction as the company cuts costs.
MOL bucks the trend Mitsui OSK Lines (MOL) is the only one of the big three Japanese shipowners not to report a return to profit in its latest results.
More for Spain? Spanish shipyards Barreras and Navantia are in advanced talks to build seven tugs for Mexican oil company Pemex.
21st Century on block Bids are due on Thursday in a public auction for struggling Korean shipbuilder 21st Century.
NYK sees turnaround NYK, Japan's biggest shipowner by market value, has swung to a positive result in the first nine months of the fiscal year.
K Line back in profit K Line has posted a modest profit for the first nine months of the year thanks to improved results at its bulk shipping and containership divisions.
Coeclerici orders four Coeclerici is ordering four floating transfer stations (FTS) to bolster its transshipment business in Indonesia.
Golar Maria to drop down Golar LNG Partners (GMLP) is set to acquire an LNG carrier from fellow John Fredriksen company Golar LNG for $215m.
ILA, USMX to continue contract talks James Capo, USMX's CEO, said the two sides are "still bargaining," but he could offer no further comment. In an update to members on its Facebook page, the ILA said yesterday it was "Ready to negotiate 'round the clock.'"
ABX settles price-fixing suit
Analysis: Cargo's impact in rumored American-US Airways deal Nothing is official and no documents - aside from a non-disclosure agreement - have likely been signed, but there have been reports of steady movement between the two parties toward the end goal of collaboration.
UPS maintains 4Q profit despite sluggish global economy The express carrier posted a $1.75 billion loss in the fourth quarter versus a $759 billion profit in the last three months of 2011, after taking a $3 billion after-tax charge.
Arkansas Best loss tied to union contract The firm is the only union less-than-truckload carrier that is still paying National Master Freight Agreement rates, a burdensome cost structure that could amount in the firm making network and personnel changes.
TransForce acquires Superior Driver Source
ABS forms environment, vessel performance group
Former Sea Star president found guilty of price-fixing
Crowley christens tanker in Philadelphia
Produce shippers prepare comments for FDA food safety regs
ABB boasts turbocharger is 'quantum leap' in tech development 'In comparison to previous models, the A200-L has up to 30% additional volume flow, which to date is the equivalent to one size smaller in a series of turbochargers.'
Approval in principle for dual-fuelled LNG tanker One design includes a dual fuel diesel-electric engine and the other two-stroke low-speed engines.
Ship aground on coral reef to be dismantled at the scene US Navy could be fined $300 for each square metre of coral reef damaged.
Cruise giant calculates costs of 2015 ECA compliance But developments in scrubbers and other technologies could keep increases in check.
IFO prices up in Fujairah Most markets remain on upward path.
Prices firming in Rotterdam Prices moving upwards across European bunker hubs.
Gasnor to expand into northern Europe Company to establish itself in ARA and Hamburg.
NYK Line back in profit Group cut its costs by slow steaming and scrapping of older, less fuel efficient vessels.
Singapore fuel oil stocks show sharp rise Arbitrage arrivals running at 487,000 metric tonnes.
Norway sees electricity and LNG as fuel oil alternatives Ferries will be converted to LNG and electric power.
Asian bunker prices still firming Traders report mixed demand.
Project to help US shipbuilders lower bunker costs Lower bunker consumption can be achieved by reducing the weight of ships.
Court confirms that slow steaming was breach of charter UK court rejects appeal by shipper.
Sale of controlling stake in STX Pan Ocean under consideration Group's advisers have sent letters to potential buyers.
IEA: Biofuel will 'contribute to water scarcity' Water use for biofuel production is projected to increase by more than 240%.
Players respond to Sri Lankan bunker tax threat The port, which began operations last November, was to be Sri Lanka's major bunkering hub.
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