LOT cancelling this and next month's B787 inaugural services LOT Polish Airlines is cancelling its planned Boeing 787 operation for all of February and March 2013. The move impacts the B787 inaugural service to New York JFK (USA), scheduled ...
Wabash expands tank trailer portfolio and geographic footprint US-based Wabash National Corporation has agreed to acquire certain assets of the tank and trailer business of Beall Corporation, a Portland OR (USA)-based manufacturer of aluminiu...
Kombiverkehr launches more than 30 new trains Frankfurt (Germany)-based Kombiverkehr KG is adding an extra 32 train departures a week to its network to enable it to meet the sharp increase in demand for intermodal transport op...
Norfolk Southern invests in freight rail service, safety, and sustainability Norfolk Southern Corporation (NS), a US-based transport provider, plans to spend USD 2 billion on capital improvements to its rail transportation network this year. The largest exp...
Memphis: "Recat" increases capacity significantly Capacity at Memphis TN (USA) airport has increased significantly since the US Federal Aviation Authority (FAA) revised wake turbulence separation standards on 1 November 2012. The...
Volvo Trucks investing in China AB Volvo has signed an agreement with the Chinese vehicle manufacturer Dongfeng Motor Group Company Limited (DFG) to acquire 45% of DFG's new subsidiary, Dongfeng Commercial Vehicl...
G6 Alliance expands cooperation to transpacific trade The six member lines of the G6 Alliance are expanding their cooperation to the Asia-to-North America east coast trade. They will deploy more than 50 ships in the transpacific trade...
Aeroflot finally gets long awaited permission for B777-300ER commercial flights The Russian carrier Aeroflot has finally received permission to operate its new long-haul Boeing 777-300ER aircraft and has immediately put it into service. The company got t...
Ceva appoints new head of operations for China Ceva Logistics appointed Jaap Bruining as its new head of operations for China, effective 1 February 2013. Bruining will be located in Shanghai after eight years of operational exp...
UPS expands healthcare network in key locations across North America The US integrator UPS is significantly expanding its global healthcare distribution network in five key markets in North America. Locations to be enlarged include facilities in Bur...
Davies Turner and Ekol Logistics cooperate Some 45 years after identifying the potential of the Turkish market, the British forwarder Davies Turner is set to further expand its multimodal presence in the trade between the U...
DSV Air & Sea launches express and courier service DSV Air & Sea Ltd has launched its own courier and express service so that customers can use one company for all their logistics needs. Online pricing enquiries, booking, track...
Hertzog and Partner opens new branch office in Germany Hamburg-based Elmar Hertzog and Partner Management Consultants GmbH has opened a new branch office that is responsible for Hesse, Rhineland-Palatinate and the Saarland regions in G...
Maersk Tankers enters the West Africa danger zone BP charter of Maersk Katarina raises controversial issue of premiums for owners willing to risk piracy
Warmer times ahead for tanker workhorses Good news for aframaxes as Russia increases its exports this year
Who will swoop for BG Group? Shell and ExxonMobil have been named likely suitors
Crunch time looms for the KG market 'Hysterical' lenders have not learned from their past mistakes
Japanese gas demand keeps LNG bubble bouncing Falling imports would deal a serious blow to tonne-mile demand
Hanjin Shipping ranked most reliable carrier Daily Maersk loses competitive advantage as South Korean line takes the top slot
Case dismissed Good news for Carnival as a Florida judge rejects a Costa Concordia family filing
Scorpio orders four handymaxes for $120m Feverish expansion sees attention turn to financing
Blowing bubbles Is a slump in Japanese imports about to scupper LNG tonne-mile demand?
New Braemar Adjusting chief to focus on 'burgeoning' markets Loss adjuster to open Dubai office in April
US shippers ask FMC to scrutinise plans for transpacific merger NITL demands due diligence on move to unite carrier groups
Jaya quarterly net profit surges fivefold to $6.5m Rise in offshore chartering combines with delivery and disposal of three vessels
Zombie shipping firms - a spotter's guide Follow the Lloyd's List Intelligence crib sheet to avoid surprise nasties
Varun slips back into the red Troubled Indian tanker operator reports a quarterly loss to end-December
HHI sees 2012 net profit dive 62.2% World's largest shipbuilder slips into the red in fourth quarter
MR product tankers lifted by transatlantic rate spike US refiner Valero charters vessel at new high of W192.5
HHLA posts weaker results despite box volume growth Hamburg port firm earned a premium on capital costs, says chairman
Hijacking, the debate Attacking, holding and robbing a vessel by any other name...
DNB increases shipping impairments Profits fall 7% in fourth quarter, Norwegian bank reveals
MOL to join APL's China-Middle East service Move follows G6 expansion into transpacific trades
Scorpio newbuilding order frenzy continues NYSE-listed Scorpio Tankers today pulled the trigger on four more options, bringing its confirmed newbuilding slate to 20
HHI plunges into red HYUNDAI HI today posted losses of 348.1Bn won ($318.7M) for 4Q12, reversing profits of 71.3Bn won in 4Q11
SK decides not to pursue STX Pan Ocean STX CORP'S attempt to sell control of STX Pan Ocean became more confused today, when SK Holdings told Fairplay it no longer planned to bid
Varun crashes to losses MUMBAI'S Varun Shipping, which is undergoing deep restructuring, today crashed to quarterly net losses, from profits year on year
GES profits jump 119% BETTER earnings from tankers and a foreign exchange gain of 730M rupees ($14M) helped Great Eastern Shipping to report today a 119% jump in net profits
Thai growth predicted THAILAND'S Kasikorn Research Centre expects growth this year for the Thai maritime transport sector
Russian 'pig needs help' RUSSIA'S pork sector is squealing to the Kremlin for feed subsidies
South Pacific heats up MAERSK Line's withdrawal from the New Zealand/Tahiti trade has sparked a range of initiatives aimed at seizing its former market share
Shipping: hands off EU transport budget EUROPE'S shipowner and port bodies called on leaders of EU governments to shun transport cuts when two days of budget talks resume today
Beijing approves oil imports BEIJING was reported today to have approved a deal granting access to 10M tonnes of imported crude to government-owned ChemChina
Ningbo to spend 3Bn yuan on port schemes NINGBO plans to invest more than 3Bn yuan ($476.5M) to complete six 10,000-tonne-plus port berths in 2013
ASL's quarter profits jump 40% ASL MARINE Holdings of Singapore today posted a 40% year on year increase in net profits during its second financial quarter
Jaya's profits surge 186% JAYA HOLDINGS said today high revenues from its offshore segment increased its first-half profits by 186% year on year to $16.6M
Seadrill can buy back transferred shares SEADRILL said today it has financed an allocation of shares in Sevan Drilling by transferring them to a bank, with an option to buy them back in May
LR tanker investments may rise this year INTEREST is rising in LR product tankers this year, ICAP Shipping said today, following up the surge in MR product tanker newbuildings of 2011-12
WCI Index Shows Jump in Pacific Westbound Rates Trans-Pacific westbound rates shot up this week; backhaul Europe-Asia rates also climbed but by a lesser amount, according to the Thursday release of the weekly World Container Index. Trans-Pacific westbound rates were up 9.4 percent this week to $921 per 40-foot container and are up 5.4 percent since the beginning of...
Nippon Express (Europe) to Acquire Franco Vago Nippon Express (Europe), a subsidiary of Tokyo-based logistics business Nippon Express, has signed a share purchase agreement to acquire all shares of Franco Vago, a Florence, Italy-based apparel-related logistics company. Nippon Express acquired Franco Vago to augment its own apparel logistics operations in certain markets, particularly in emerging countries in Asia...
Working With, Not Against, China There's a lot of negative rhetoric being spouted about China around the world these days. Frustrated European policymakers, for example, complain because Beijing has been unwilling to jump in and bail out the debt-laden European Union without some assurances. In Washington, lawmakers in Congress are concerned the Chinese are deliberately holding...
Annual Review & Outlook 2013: North Atlantic Alliance Association The high tide of containerized U.S. exports in ocean shipping will continue to ebb in 2013. Overcapacity is returning to levels of the last decade, when ocean freight rates plummeted to record lows. The economic weakness in Europe and the U.S., coupled with a slowdown in China's manufacturing, create a...
Annual Review & Outlook 2013: National Ports and Waterways Initiative, University of New Orleans Coastal shipping refers to container and trailer services routed along the U.S. Atlantic, Gulf and Pacific coasts. All attempts to provide such services have failed. The most recent failed effort, despite a generous grant, was SeaBridge, between Port Manatee, Fla., and Brownsville, Texas. In contrast to the United States, coastal...
Annual Review & Outlook 2013: Montreal Port Authority The state of the global economy will likely continue to preoccupy decision-makers during 2013, especially as the maritime sector continues to struggle with financial and capacity issues. Of particular concern for East Coast ports is the enduring debt crisis affecting the eurozone, set against a backdrop of modest gains expected...
Parties Scramble in Wake of Mixed OCU Vote Three of the more than a dozen bargaining units representing office clerical workers in Los Angeles-Long Beach sent employers and union leaders scrambling Thursday by rejecting a tentative contract agreement that was reached in December. The Office Clerical Unit of International Longshore and Warehouse Union Local 63 and waterfront employers were...
Dubai World Central's Air Cargo Volume Soars Dubai Airports, which owns and manages Dubai International Airport and Dubai World Central International Airport, today reported Dubai World Central handled 219,092 metric tons of air freight in 2012, a jump of 144 percent from 2011, the airport's first full year of operations. Dubai World Central's average monthly air cargo volume in...
Annual Review & Outlook 2013: MOL (America) One of the underestimated developments we saw in 2012 was further slow-steaming. Transit times of three to four days longer prevailed in 2010 and 2011. Eventually, many customers embraced this reality. In 2013, the trend will likely continue if a few key facts remain in place: Shippers' debt ratio is low. Interest...
Annual Review & Outlook 2013: Metro Group Maritime Collaboration will be the theme for the container steamship lines this year. Container ship owners and management are making comments such as, "Four or five years ago, we would have never considered such things (as collaborations), but now we must." The lines are looking more and more to the outside...
Catapult International Opens Office in Hong Kong Kansas City, Kan.-based logistics software provider Catapult International has opened an office in Hong Kong to better serve clients in Asia. Vince Fung, a 20-year veteran in the ocean shipping industry, will serve as managing director of the new office. The company also plans to open an office in Hamburg, Germany, in...
'K' Line (India) Begins Triple-Decker Motorcycle Truck Service "K" Line (India)'s new triple-decker motorcycle carrier. "K" Line (India), "K" Line's subsidiary in India, has launched a transportation service with a triple-decker motorcycle carrier from the distribution center of a motorcycle manufacturer in the Delhi area to its domestic depot. The company began trial operations with the three-level motorbike truck in...
Consolidators International Promotes Pazsternak U.S.-based Consolidators International has promoted Les Pazsternak as senior vice president for the Southeast. The freight forwarder also hired Brad Reybourne as development manager for the Southeast at CII's Atlanta facility. Pazsternak, based in Chicago, will continue his vice president duties for the company's Southwest and Midwest regions. He is a...
Port of San Diego Board Takes Up Shore Power Project Moored vessel at Port of San Diego. Following a 30-day public review period, California's Port of San Diego will release its final Mitigated Negative Declaration for the Port Capital Improvement Project, an environmental document relating to the proposed shore power project at the Tenth Avenue Marine Terminal, on Feb. 12 at...
A-1 Express Launches Long-Distance Freight Services Atlanta-based courier service company A-1 Express has launched long-distance freight services across the U.S. The company said the service can deliver freight without restrictions on size or weight. Long-distance freight services include commercial freight and residential freight deliveries....
US Reps. Richmond, Grimm Form Maritime Caucus U.S. Reps. Cedric Richmond, D-La., and Michael G. Grimm, R-N.Y., have established the Congressional Maritime Caucus, which will work to raise awareness among members of Congress on maritime-related topics. "I am confident that this caucus will be a voice for the entire maritime industry, one that stresses how critical this industry...
North American Intermodal Container Volume Sets Record High Intermodal container volume reached a record high in 2012 with 13.1 million moves, surpassing the previous year by 5.9 percent and the former high in 2007 by 9.8 percent, according to the Intermodal Association of North America's Intermodal Market Trends & Statistics report. For the third consecutive year, domestic containers were...
IBEW Workers Ratify Canadian National Contract Members of the International Brotherhood of Electrical Workers System Council 11 at Canadian National Railway have ratified a four-year labor collective agreement that provides improvements in wages and benefits for about 700 CN signal and communications employees. The agreement is retroactive to Jan. 1, 2013. It was negotiated before the former contract...
Barloworld's Dedicated Logistics Unit Merges with Manline Johannesburg-based Barloworld Logistics' Dedicated Transport Services division has concluded its merger with the Manline group, a logistics provider in Southern Africa. The merged business, called Barloworld Transport Solutions, has become a 50.1 percent-held subsidiary of Barloworld Logistics. The transaction involved the disposal of DTS together with a cash contribution, in exchange...
Belgium's Damen Shipyards Delivers Freighter Damen Shipyards Bergum's Combi Freighter 3850 for Hartel and Hudig & Veder. Damen Shipyards Bergum, a subsidiary of Damen Shipyards Group, has delivered the Hoogvliet, a Damen Combi Freighter 3850, to Hartel Shipping and Hudig & Veder. The carrier for oversize cargo was launched at Cruise Terminal Rotterdam in the Netherlands. The vessel...
NITL calls on FMC to put TSA-WTSA merger under microscope The US 'voice of the shipper' National Industrial Transportation League [NITL] has urged the Federal Maritime Commission [FMC] to 'closely examine the ramifications ...
Port of London 2012 trade down 10%, but Gateway beckons Trade through the terminals and cargo handling facilities on the River Thames fell by 10% to 43.7 million tonnes during 2012, the Port of London Authority (PLA) ...
MOL to join APL's China-Middle East service
New Mombasa Dry Port opened by APM Terminals APM Terminals (APMT) has opened a new 7.3ha inland container freight station (CFS) 4km from Kenya's primary port of Mombasa. The new facility ...
Sokhna in trouble again After the disruption of seperate industrial unrest in February and October of last year the Egyptian Red Sea port of Sokhna seems to have more labour problems to ...
GLDD lands dredge job Great Lakes Dredge & Dock has secured a contract that calls for the deepening of the Arthur Kill channel in the Ports of New York and New Jersey.
TBS seals scrap pact TBS International of the US has finally parted ways with an ageing tweendecker that was sold for scrap late last year.
Peraticos in the crosshairs Pegasus Shipping collapsed during the junk bond crisis nearly 10 years ago but some of its creditors are still entrenched in fierce legal battles with former patriarch Nico Peraticos.
Record MR fixtures for US US oil products exports have risen sharply since September with medium-range tanker fixtures from the Gulf Coast reaching a record high in January, fuelling spot rate rises in the Atlantic.
Mississippi melee Teekay is gearing up for a legal battle linked to a smash that rocked the Mississippi River nearly a year ago.
Glencore gig for Greek Target Marine has picked up a fresh period contract for one of its panamax bulkers.
ISC up on vessel sale International Shipholding Corp (ISC) has posted big rise in fourth quarter earnings thanks to the sale of a vessel.
Great Eastern stronger Lower costs and rising revenue have spurred India's Great Eastern Shipping to a bigger third quarter profit.
Final OBO departs John Fredriksen is waving farewell to the last of his capesize combination carriers.
GC Rieber sells oldie GC Rieber Shipping has agreed to sell an ageing 2D seismic survey vessel.
Scorpio not done yet Three newbuilding orders during a hectic start to 2013 have yet to use up half of the cash Scorpio Tankers has in its arsenal, sources say.
STNG chalks up four more Scorpio Tankers has opened its chequebook for the second time in a week to take up newbuildings in South Korea.
Massive misunderstanding? A report from Indonesia last month that the country was planning to order 2,500 small ships in China certainly made the world of shipping sit up and take notice.
Pyxis: Guards saved ship Greek manager Pyxis Maritime has revealed that the hijacking attempt on the Pyxis Delta in Nigeria that killed one crewman was foiled by armed guards.
Eyssautier sets new course French marine insurance broker, Groupe Eyssautier, is setting course for expansion following a management buyout that sees the company regain its independence.
Havyard builds China tally Norway's Havyard has bagged another order from a Chinese shipowner for one of its offshore support vessel designs.
Vinashin Ocean to fold Vietnamese prime minister Nguyen Tan Dung has approved a restructuring plan for national owner Vinalines, including the bankruptcy of its Vinashin Ocean Shipping (Vinashinlines) subsidiary.
MOL joins APL Japan's MOL is teaming up with APL for a new China to Middle East containership service.
Wrinkles not concealed We all know it's not polite to ask a lady her real age.
Jaya earnings rocket Jaya Holdings has reported a huge rise in final quarter earnings thanks to more vessel sales.
Subsea 7 ties up two Oslo-listed Subsea 7 has clinched more pipe-lay work with a deal in Nigeria.
Buys tricky for Knightsbridge Knightsbridge Tankers' faces a challenge to boost its capesize fleet given limited growth opportunities available to the company, analysts say.
HSH asks for more German shipping lender HSH Nordbank needs another EUR 3bn ($4bn) in loan guarantees to "ensure adequate capital resources" in the downturn.
Sembcorp bags topsides deal Sembcorp Marine has secured its first major contract of the New Year.
B+H smokes OBO B+H Equimar has sent one of its OBOs to the scrap heap.
Tamai turns red Japanese bulker owner Tamai Steamship has slumped to a loss in the first nine months of its financial year.
Hyundai Heavy falls to red Hyundai Heavy Industries has fallen to a surprise loss in the fourth quarter of the year.
DNB writes down more Trouble in key shipping markets led the industry's largest lender to book its chunkiest writedown of the year in the final quarter of 2012.
Stena Line hails record Sweden's Stena Line has posted record passenger and car volumes in the North Sea for 2012.
Charged in 10 minutes Norwegian shipyard Fjellstrand is developing what is claimed to be the world's first battery-powered electric ferry.
Frontline orders double John Fredriksen's Frontline 2012 has added two more 115,000-dwt tankers to its series of newbuildings at Guangzhou Shipyard International (GSI) in China.
Mercator sells VLOC Mercator Lines (Singapore) has been forced to sell its only VLOC to help pay-off debts on two terminated charters.
Hanjin turns it around Korean shipbuilder Hanjin Heavy Industries & Construction has returned to profit in 2012, despite a fall in revenue.
Bulker pile up in Oz Gladstone Port has seen the number of ships waiting to load cargo swell amid weather related disruptions to coal supplies.
Diamond upgrades duo Diamond Offshore Drilling is to upgrade two of its semi-submersible rigs to take advantage of higher-spec work.
HOS adds to orderbook Hornbeck Offshore has ordered another four offshore support vessel newbuildings in a move which increases its tally to 24 ships.
Jindal back at Lamprell India's Jindal Group has returned to Lamprell to order a second jack-up drilling rig newbuilding.
NEWSFLASH: ILWU Local 63 OCU clerks reject some contracts Members of the International Longshore and Warehouse Union's Local 63 Office Clerical Unit rejected some of the proposed contracts that were reached with employers last December during ratification voting on Wednesday night.
Stockton takes over stalled marine highway project In December 2011, the Port of Stockton hired Salt Lake City-based Savage Cos. to operate the barge service. Officials planned to begin scheduled service during the first quarter of 2012.
U.S. truck orders up in January
Drewry finds carrier performance improved "While carriers deserve some plaudits for their improving reliability, a worrying trend for cancelled or blank voyages is emerging as carriers attempt to redress weak supply and demand fundamentals," said Simon Heaney of Drewry.
MOL's new China- Mideast express service
'K' Line starts triple-deck motorcycle hauls in India
Horizon arranges to buy 3 Alaska ships
Con-way's 2012 profits up despite lower 4Q
2012 intermodal container volume at all-time high
Tropical expects better earnings in 2013
Transport mergers and acquisitions on the rise
Air cargo volumes down in Atlanta
DB Schenker builds Singapore warehouse
STB approves trucker chassis pool The board said NACPC's 10 current members account for a very small percentage of the estimated 7,000 motor carriers that provide intermodal transportation of marine chassis in the country.
ROAR expands to West Coast
Executive moves
Industry groups want GSP renewal The program is set to expire at the end of July and American companies would face $2 million per day in new taxes if Congress fails to renew GSP by Aug. 1, according to the Coalition for GSP.
IMO still struggling with response to black carbon No agreement yet on definition or measurement methods; debate continues on justification for regulation.
Prices uncertain in Fujairah Mixed outlook in place in most bunkering hubs.
Prices follow crude Rising crude values are driving up bunker prices.
Norwegian engineering firm in LNG bunkering study Study to determine size of possible LNG bunkering station.
Weather disrupts bunkering at Malta Weather conditions expected to worsen.
New name on MPA's list of Accedited Suppliers Pacific Bunkering Services brings to 72 the number of players listed on the MPA website.
Gothenberg: LNG terminal has industry support Gothenberg 'natural hub' in national infrastructure solution.
Fuel oil stocks fall Increased outflows to China.
LNG: EU outlines bunkering policy Commission supports 'initial stages' of LNG bunkering infrastructure.
High tolls could drive vessels away from Suez Canal Slow steaming has already made routing ships round the Cape of Good Hope 'relatively less expensive'.
Asian bunker prices strengthen further Singapore's price of benchmark 380 cSt bunker fuel rose $3 to average at $654.50 pmt.
Sanctions fraud 'probe' centres on UAE company Fujairah serves as route to market for Iranian oil, says UANI.
Singapore vessel arrests on the rise Vessel arrests jumped 36% year-on-year.
Subsidy on MDO prices for India's fishermen India's Petroleum Minister says fishermen should not be taxed as bulk buyers.
MAN Diesel receives orders for VLCC engines The orders were from Greece-based Almi Tankers.
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