Gefco opens new national subsidiary in UAE The French transport and logistics company Gefco has opened a new logistics hub and a new subsidiary in Dubai (UAE) to strengthen its activities in the region. The facility will se...
DHL investing heavily in Indonesia DHL Supply Chain is investing EUR 40 million over the next few years to strengthen its position in Indonesia. The announcement was made at the launch of its latest 17,000 sqm wareh...
Euro-Leasing adds Pharmaliners to portfolio Euro-Leasing GmbH, a service provider owned by MAN Truck & Bus AG, is augmenting its rental fleet by new Pharmaliners. These special refrigerated trailers comply with the EU's ...
Safer territory roads for truck drivers in Australia The Australian federal and Northern Territory governments have teamed up with the transport industry to provide AUD 10.3 million (EUR 8.03 million) to improve road facilities for l...
Alstom and Kamkor to produce 10,000 points in Kazakhstan KazElectroPrivod, a joint venture, equally owned by Alstom and its Kazakh partner Kamkor, has signed a contract worth EUR 90 million with Kazakhstan Temir Zholy (KTZ), the Kazakhst...
Russian Railways Logistics starts vehicle delivery Russian Railways Logistics has started transporting GW Wingle 5 vehicles produced by the Great Wall Motor Company Limited (GWM) from China to Russia. The first 48 pickups were forw...
Transitional period for approval of known consignors amended On 5 March, the European Commission implemented (EU) No 185/2010. This order, which amends regulation (EU) No. 185/2010, prolongs the transitional period for known consignors until...
KLM set to commence biofuel-powered flights KLM Royal Dutch Airlines is starting biofuel-powered transatlantic B777 trial flights from JFK airport in New York to Schiphol Amsterdam airport. The Schiphol Group, the US carrier...
Imo takes step forward towards solution for GHG emissions The International Maritime Organization (IMO) held a workshop at its headquarters from 26 February to 1 March. At the event, attended by more than one hundred participants from Imo...
Buenaventura Container Terminal invests in cargo verification system The Buenaventura Container Terminal (TCBuen) in Colombia, part of Grup Maritim TCB, is investing about USD 3.5 million in new optical character recognition (OCR) systems for quay a...
Etihad Airways and Airberlin align maintenance operations in Chicago Etihad Airways has opened a line maintenance base at Chicago's O'Hare international airport (USA). The new facility is equipped with the latest technology and will perform all sche...
New CEO of DHL Freight Germany ending interim period DHL Freight has appointed Jeroen Eijsink as the new CEO of DHL Freight in Germany. On 1 March Eijsink assumed responsibility for the company's road and rail transport activities in...
DFDS Seaways names new director general for France The Danish group DFDS Seaways has selected Jean-Claude Charlo as its new director general for France and the Mediterranean. The move affects 750 employees and covers the Marseilles...
Milestone for Panama Canal expansion programme The Panama Canal Authority (ACP) has completed the dredging to deepen and widen the navigational channels along Culebra Cut. The work, which started in March 2008, is part of the e...
Waning German shipping should consolidate now, top banker warns Decline in number of Germany's ships and shipowners will probably continue for another 10 years, says KfW IPEX finance chief
Mixed teams raise vetting concerns ISO 28007 will not discriminate on the basis of nationality or wage
Mixed messages Employing low-paid, non-British security guards opens a fresh can of worms
New York-New Jersey bosses and dockers agree tentative six-year deal NYSA-ILA pact sets stage for crucial wagescale meeting in Tampa
Choosing our battles Exposés on sustainable fishing should focus on mistreated third-world crew
KGs may face class action, lawyers warn Liability will hinge on the wording of funds' prospectuses
Firms that rely on state bailouts are 'hopeless', says China Shipping's Li Government urged to support industry through scrapping incentives
Vafias positions StealthGas for US shale gas 'game changer' LPG carrier makes debut port call after coastguard restrictions eased
Shippers slam MSC freeze on Europe-Asia bookings Critics call the move a 'ruse to raise prices'
Sinotrans Shipping posts $10m second-half operating loss Dry bulk firm holds cash for newbuildings
Asia-Europe spot box rates fall as backhaul index rises Carriers will struggle to make next week's general rate increase stick
Kühne wants NOL to join merged Hapag-Lloyd and Hamburg Süd Biggest shareholder seeks IPO in any circumstances
BLT plan falls short of secured-creditor support Jakarta judge schedules final vote for March 14
Hong Kong loses out to Singapore in shipmanagement cluster race But Anglo-Eastern chief praises territory's cost and labour advantage
Obstacles lift for capesize vessels Blocks to supply from Colombia and Australia ease at last
LNG in China's future Domestic production will come but the country will need shipping for some time
Asian chemical demand still flat CHEMICAL demand in Asia has not picked up despite the resumption of business after Lunar New Year last month
China's exports surged in February CHINA'S exports surged 21.8% year-on-year to 875.1Bn yuan ($139.4Bn) in February, according to the customs data published today
Guangzhou Maritime Court cases surged CHINA's Guangzhou Maritime Court saw the number of new cases jump 79% year on year to 2,525 in 2012, it announced yesterday
DS Norden to order product tankers DS Norden, the listed Danish drybulk sand product tanker shipping company, says it plans to order three or four product tankers this year after the sale of three such vessels late last year
Uproar: Kiel canal closes for bigger vessels TRAFFIC through the Kiel Canal into the Baltic Sea is going to remain severely constrained for another two weeks following the closure of two locks in Brunsbüttel
CSSC-JNHI swung to losses SHANGHAI-listed CSSC-JNHI swung to losses of 76M yuan ($12M) in 2012 on decreased sales and money-losing orders
Sinotrans Shipping's profits tumbled HONG KONG-listed Sinotrans Shipping's profits fell 78.1% year on year to $20M in 2012, partly due to the addition of two dry bulk carriers to its fleet
BLT gets insufficient support from creditors BELEAGUERED chemical tanker operator PT Berlian Laju Tanker said today that only 57% of its secured creditors voted for its restructuring plan today
OSG jettisons five Diamond S charters BANKRTUPT OSG has rejected charters of five more product tankers owned by Wilbur Ross-financed Diamond S, according to newly filed court documents
Supramax market heats up in Pacific AN INFLUX of coal and iron ore cargoes is keeping Supramaxes busy in the Pacific realm as rates continue to rise for the third straight week
Cecon invites bondholders to subscribe for shares Cecon, the listed Norwegian offshore services vessel company, has invited its bondholders to participate in an offering of up to 17,886,089 new shares at a subscription price of par value
Chinese shipping to 'recover' in 2015 CHINA'S vice transport minister Zuyuan Xu believes it will take another two or three years for the shipping market to consume the present capacity, Xu told Xinhua News on Wednesday
HPH to reap 'long-term' benefits HUTCHISON Port Holdings Trust's full acquisition of Asia Container Terminals spells "long-term" benefits for the group, said UOB Kay Hian today
Crude oil tanker tonne-miles to rise MORE crude oil could be moved from the Atlantic basin to feed growing demand in Asia, boosting tonne-miles for crude oil and products tankers, said UK broker ICAP Shipping in its February report
Is BNSF Rail Transfer Facility Green Enough to Go? The Los Angeles Harbor Commission certified the final environmental impact report for BNSF's proposed Southern California International Gateway, a rail transfer facility that could be one of the most significant intermodal rail projects of the past 25 years. However, the SCIG must still be approved by the Los Angeles City Council,...
Pirates Release Chemical Tanker, Crew Seventeen Indian sailors, held captive by Somali pirates for more than a year, were freed Friday following intense diplomatic negotiations. The Indian men were among 22 crew members aboard the Panama-flag MT Royal Grace, a chemical tanker captured by pirates March 2, 2012, off the coast of Oman. "The vessel is presently...
Port Logistics Group, Tagsys RFID Team Up Port Logistics Group and Tagsys RFID have partnered to provide radio-frequency identification solutions for Port Logistics Group customers at their U.S. gateway facilities. The gateway logistics provider and inventory management company will team up on the development and deployment of Tagsys RFID solutions, integrated with Port Logistics Group proprietary EventTracker WMS,...
Sequestration Puts LA-Long Beach on Crash Course LONG BEACH, Calif. - The decision by U.S. Customs and Border Protection to cease overtime work for its personnel while Washington attempts to solve the sequestration issue will be a burden for all ports, but it could be disastrous for the ports of Los Angeles and Long Beach. That's because the...
Sequestration Blues The negative impacts of sequestration on the international trade community are looming for California's public ports, and what happens here will ripple through the national economy in a matter of weeks unless Congress takes quick action. California's ports and its goods movement system support hundreds of thousands of jobs, and result...
Venezuelan Port Operator Orders Equipment Bolivariana de Puertos, Venezuela's government-owned port operator, has ordered a large amount of port equipment from Cargotec's Kalmar. The parties have agreed not to disclose the exact value of the order. The order, which is scheduled for delivery starting in May 2013, includes 30 Kalmar reachstackers, four empty container handlers, eight heavy...
US Customs Seizes 1,500 Fake 'Hermés' Handbags If genuine, the seized handbags had an estimated manufacturer's suggested retail price of $14.1 million.U.S. Customs and Border Protection officers and import specialists assigned to the Los Angeles-Long Beach seaport complex have seized 1,500 high-fashion leather handbags bearing counterfeit "Hermés" trademarks. The merchandise arrived from China in two shipments. If the...
More April Rate Hikes for Maersk Maersk Line has announced several rate increases that will all take effect on April 1. The ocean carrier will increase rates on its trade from the Indian subcontinent to North Europe by $250 per 20-foot dry container and $400 per 40-foot, 40-foot high-cube and 45-foot dry container. On its Southeast Asia to...
Textainer Promotes Chong, Sowry Textainer Group Holdings has named Alvin Chong vice president and head of the resale division, succeeding Stefan Mackula. Textainer also promoted Anthony C. Sowry to senior vice president of operations and acquisitions. Chong previously served as Textainer's director of resale for the Asia-Pacific region. He joined the intermodal container lessor in...
Wallenborn Transport, VIP Truck Team Up in Germany Luxembourg-based overland transportation company Wallenborn Transport has joined forces with VIP Truck, a provider of air-cargo road feeder services in Germany. The new company, VIP Wallenborn, offers distribution services for airlines and forwarders in Germany, including scheduled connections between 15 German airports, scheduled international trucking services from Frankfurt Airport and Munich...
AMR's February Cargo Traffic Down 10.2 Percent AMR Corporation, parent of American Airlines, reported a 10.2 percent decline in system cargo ton miles for the month of February, to 126,053, down from 140,388 in the same month in 2012. Volume also decreased for the year-to-date, down 9.8 percent year-over-year to 249,067 ton miles, compared with 276,054 ton miles...
US-Iraq Trade, Investment Pact Likely to Take Effect This Year The bilateral U.S.-Iraq Trade and Investment Framework Agreement, first negotiated in 2005, is likely to enter into force later this year, providing a bilateral forum to foster greater trade and investment between the two countries. The announcement by the U.S. and Iraq follows the Iraq Council of Representatives' recent ratification of...
US Customs Confiscates 122 Pounds of Narcotic Khat U.S. Customs and Border Protection officers have seized more than 122 pounds of khat at the Indianapolis FedEx facility. Hidden among computer parts, the large cache of khat was detected by Customs officers and intercepted. They discovered the shipment during a routine inspection of international air freight arriving from Britain. Upon...
Hapag-Lloyd to Hike Europe-Asia Rates Hapag-Lloyd will increase rates for all cargoes and container types on its trade from North Europe and the Mediterranean to East Asia, the Indian subcontinent and the Middle East, starting April 1. The hike will be $100 per 20-foot-equivalent unit....
US Jobs Report Bodes Well for Freight Growth The U.S. freight-related transportation industry and warehouse sector gained 3,100 jobs in February from January, but the most promising signs for increased freight transport came from sizable growth in the construction and manufacturing industries. "Job gains and interest rates at historical lows are helping a gradual recovery in the housing market,...
SCFI Rates to Europe Drop Below $1,000 The Shanghai Containerized Freight Index continued its decline in the week of March 8 across all trade lanes, with European lanes dropping below the $1,000 per 20-foot container mark, according to data issued by the Shanghai Shipping Exchange. Shanghai Containerized Freight IndexCompositeSource: Shanghai Shipping Exchange For a larger version of the chart,...
Lock Repairs in Germany to Impact Hapag-Lloyd's Baltic Services The large locks at the western end of the canal in Brunsbuettel, Germany, have to be repaired and will be out of service for about two to three weeks, authorities have said in a German-language announcement by the German Waterways Authorities. As a result, vessels with a length of more than 125...
US Customs Seizes Counterfeit Headphones, Unsafe ATVs In a partnership between U.S. Customs, EPA and the CTAC, "Beats by Dr. Dre" headphones were seized as counterfeit products in Los Angeles.U.S. Customs and Border Protection at the Los Angeles-Long Beach seaport have seized a shipment containing 445 counterfeit "Beats by Dr. Dre" headphones and 28 all-terrain vehicles that...
Kuhne wants NOL to join merged Hapag-Lloyd and Hamburg Sud
ND establishes footprint in Vietnam The freight forwarding division of Norbert Dentressangle (ND) has established a representative office in Vietnam as part of its continued global expansion.A subsidiary ...
Shippers rage at Europe - Asia booking stop Still sore from the eastbound container block of a year ago, that caused untold damage to the supply chain, European shippers are railing against the decision this ...
Asia - Europe spot rates down again, but backhaul gains Container spot rates from Shanghai to Rotterdam fell by a further 4.9% this week, according to Drewry's World Container Index, however on the backhaul the index ...
NY&NJ dockers agree deal Just ahead of the March 8 extended deadline, 4,500 dock workers at the port of New York & New Jersey reached a tentative deal late Thursday night on local ...
China's export surge February saw Chinese exports jump by 21.8%, compared to the same month of 2012, against analysts' predictions of a 15% rise. Strong demand from the US and South ...
Pac Basin wins chase Pacific Basin Shipping looks to have continued its spending spree with the addition of a Triton Navigation supramax.
NSRR admits defeat Start-up operator North Sea RoRo (NSRR) has given up on its England to Sweden run, but vowed to continue on in some form.
New space for Gagarin A statue of Russian astronaut Yuri Gagarin has found a new home in Greenwich thanks to the support of SCF Sovcomflot.
MISC bid backed Petronas' efforts to takeover MISC have won the support of financial advisors.
BLT must try again Struggling Indonesian tanker owner Berlian Laju Tanker (BLT) has failed to win approval from creditors for its restructuring plan.
Ulstein bags new boss Kristian Saetre has been drafted in to lead Norwegian shipbuilder, Ulstein Verft.
Mols spares investors Danish ferry group Mols-Linien has enough cash to avoid asking shareholders for extra funds.
STNG gone, for now? Scorpio Tankers could finally lift off the gas on the expansion front having put its dry-powder to work, a leading analyst says.
Vitol happy with LSC Trading giant Vitol says Latvian Shipping Company (LSC) has made significant progress in tough shipping markets.
Everything must go We take a look at what was said in the market over the past week.
Everything must go Owners can't afford to dawdle while John Fredriksen is snapping up all the best yard slots.
Bulker bites dust Jinhui Shipping & Transportation has cancelled a supramax newbuilding booked way back in 2007.
Cammell eyes offshore UK shipyard Cammell Laird is planning a move into new sectors after 2012 profit edged up.
Kuhne: IPO still on Hapag-Lloyd shareholder Klaus-Michael Kuhne insists the company will carry out an IPO following its planned merger with Hamburg Sud.
Clarksons cuts three TradeWinds digests the digits making the headlines this week.
Fesco's bonus boost Directors of Russia's Far East Shipping Company (Fesco) are about to bank four years of bonuses.
Greeks snap up Norqueen Finnish group Bore has sold a veteran ro-ro into Greece after its charter expired.
P&A adds tug Damen Shipyards Group has won an order for a new type of tug from Germany's Petersen & Alpers (P&A).
Three AHTS crew seized Three more seafarers have been kidnapped off Nigeria in another raid on a Bumi Armada offshore ship.
Thenamaris seals funds The Export-Import Bank of Korea (Kexim) has backed Thenamaris' LNG newbuilding orderbook with a $200m loan.
GC Rieber fixes newbuild GC Rieber Shipping has secured a potential ten-year charter for a newbuilding construction support vessel (CSV) on order in Norway.
Keppel in BWTS first Keppel has won a landmark deal to retrofit a ballast water treatment system (BWTS) aboard a Mitsui OSK Lines VLCC.
Sinotrans suffers in 2012 Sinotrans Shipping will be glad to see the back of 2012 after the company reported a near 80% drop in full-year profits.
DeepOcean seals funds DeepOcean Group has strengthened its balance sheet after securing a new EUR125m ($164m) credit facility.
House budget measure bites highway programs The continuing resolution legislation, introduced Wednesday, includes $586 million less for highway infrastructure and safety programs and $118 million less for transit programs than was authorized last summer in MAP-21.
Senators try again to raise minimum duty-free level The Low Value Shipment Regulatory Modernization Act of 2013 (S. 489), sponsored by Sens. John Thune, R-S.D., and Ron Wyden, D-Ore., is strongly supported by the express delivery and e-commerce industries.
BNSF chief concerned about effect of service switching "It is something that on the face of it sounds so logical, but, quite frankly, behind all this is a property rights question," said Matthew Rose, the Class I railroad's chairman and chief executive officer, at the TPM conference.
European, African shippers collaborate
CKYH provides details in Asia-Europe strings
Analyst: Air freight boost to follow economic recovery In past economic recoveries, air freight has been a driver toward prosperity, but according to Brandon Fried, executive director of the Airforwarders Association, this business activity is likely to be a follower this time around.
Breakthrough: ILA, NYSA reach tentative agreement Jim McNamara, an ILA spokesman, said the agreement with employers represented by the New York Shipping Association (NYSA) is "subject to some tweaking," but will be presented to local union officials next week.
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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