Air Arabia launches Sharjah-Baghdad service Today (11 March), Air Arabia, the first and largest low-cost carrier (LCC) in the Middle East and North Africa, is launching non-stop services to Baghdad, its fourth destination in...
EU co-financing helps increase Netherlands' railfreight capacity The European Union will provide more than EUR 3.5 million from the TEN-T Programme to further the development of a key railfreight corridor between Meteren and Boxtel in the Nether...
New Atego BlueTec Hybrid joins Norbert Dentressangle fleet The French logistics company Norbert Dentressangle (ND) has just taken delivery of its second Mercedes-Benz Atego BlueTec Hybrid, the first hybrid truck specifically intended for t...
CD expands fleet to record numbers and introduces new connections The Czech railway company CD added a record number of new trains and carriages (83) to its fleet of rolling stock in 2012. Thanks to this, CD's flotilla of accessible carriages and...
India plans to install electronic toll collection system India's road transport and highways ministry aims to roll out an electronic toll collection (ETC) system across all the toll plazas on national highways throughout the country by 3...
Kuenz creates post of team leader sales for French-speaking regions Kuenz, an Austrian family-owned crane manufacturer, created the position of team leader sales in order to promote its activities in the French-speaking world. This post was then aw...
Swissport to take over SAS Ground Handling Swissport International Ltd. (Swissport) and Scandinavian Airline Systems (SAS) have signed a letter of intent that paves the way for continued negotiations between the two compani...
Latam chooses oneworld as its global alliance The Latam Airlines Group recently confirmed its selection of oneworld as the global alliance for all its (passenger) airlines. The decision, announced at a oneworld governing board...
UK Chamber of Shipping deeply concerned about MLC ratification The UK Chamber of Shipping (CoS) is urging the UK government to quickly ratify the Maritime Labour Convention 2006 (MLC). The MLC received the requisite 30 ratifications last summe...
HPH acquires 100% stake in ACT Hong Kong Hutchison Port Holdings Trust (HPH) has acquired Asia Container Terminals Holdings Limited (ACT Holding) from DP World and PSA International for USD 506 million in cash. This deal ...
Orient Overseas (International) notes rising profit for 2012 Hong Kong-based Orient Overseas (International) Limited (OOIL), the parent company of liner carrier Orient Overseas Container Line (OOCL) and its subsidiaries (the group), announce...
Mehdorn to pull the chestnuts out of the fire in Berlin Hartmut Mehdorn, a former head of DB Deutsche Bahn and the airline Airberlin, is the new CEO of Berlin's troubled and delayed new Berlin-Brandenburg Airport project (BER). The nomi...
US imports seen rising despite sequestration US BOX imports are expected to increase despite potential delays predicted from a 10% cut screening workers, importers said today
'Can-kicking' aids banks GERMAN shipping banks are reportedly making progress in pushing out painful asset write-downs through 'platform' solutions for over-indebted ships
India to halt Iran oil imports INDIAN companies are being forced by reinsurance hurdles to halt crude imports from Iran, IHS World Markets Energy reported today
TTA raises $132.2M TTA SAID today it has raised 3.964Bn baht ($132.2M) through a rights offering
Second pirated vessel confirmed free THE SHIP most recently hijacked by Somali pirates has been freed, EU NAVFOR confirmed today
Box rate decline worsens BOX rates on long-haul routes have continued their post-Lunar New Year decline, with the Shanghai Containerized Freight Index and World Container Index registering lower freight rates last week
Cancellations axe 100,000teu BOX LINERS cancelled nearly 150 sailings on Trans-Pacific and Asia/Europe routes over October-February, according to a study issued today
Box ship supply-demand gap widens MAERSK Line CEO Søren Skou said today the supply-demand gap in container shipping is certain to widen this year
Seadrill repurchases 150,000 of its own shares SEADRILL said today it has repurchased 150,000 of its common shares at an average price of 212
Indian breakers thrive while others squeezed CASH BUYERS are continuing this week to fork out top dollar to demolish box ships in India, even as the scrapping market eksewhere in Asia is tanking because of the tonnage glut
Beijing shuffles offices BEIJING plans to restructure the maritime police and the State Oceanic Administration as part of a five-office shuffle, China's State Council said
Product tanker rates firm FREIGHT rates for products tankers in east of Suez are continuing to firm this week, as the tight MR market forces charterers to take LR1s and LR2s
CKYH-Green Alliance again cuts Asia-Europe capacity THE CKYH-Green Alliance has moved to further trim capacity on its Asia-Europe services
Sinokor buys Dr Peters feeders SINOKOR Merchant Marine has reportedly bought three feeder ships from German owner Dr Peters, which is struggling with the insolvency of KG funds
Leopard lent $109M SINGAPORE'S Leopard Tankers today secured $109.35M in lending from Standard Chartered Bank to acquire four tanker newbuildings
Port of Tauranga Dredging Project Approved New Zealand's Port of Tauranga has received final approval from the Minister of Conservation for its plan to widen and deepen its shipping channel in order to accommodate larger ships. The project will deepen the waterway from 12.9 meters (about 42.3 feet) to 52.5 feet deep at low water. Ships of...
10 Largest LTL Carriers Grew 4.3 Percent in 2012 The 10 less-than-truckload carriers with more than $1 billion in annual revenue increased combined sales 4.3 percent in 2012 to $23.2 billion, accounting for 72.3 percent of total LTL industry revenue of nearly $32 billion, a study finds. The LTL industry's "billion-dollar club" grew much faster in 2011, when the same...
13,000 Lights on NYK's Car Carriers Changed to Next-Generation Energy-Saving Units TOKYO - To make improvements in energy and economic efficiency, NYK has installed E'COOL, a next-generation energy-saving fluorescent lighting system produced by Optrom, Inc., on six NYK-operated car carriers. Since April 2012, approximately 13,000 fluorescent lights have been replaced by E-COOL. E-COOL uses a cold cathode fluorescent lamp (CCFL) that has...
European Survey Aims to Gauge Perceptions of Marine Litter Scientists are launching a Europe-wide survey which aims to provide the first detailed insight into people's perceptions of marine litter. The survey, being conducted by Plymouth University, will assess how people's attitudes towards the impacts and the potential solutions to this growing environmental problem vary between countries and between those who...
Amy Beavers Appointed to Merchant Marine Personnel Advisory Committee Amy Beavers appointed to serve in the Merchant Marine Personnel Advisory Committee. FORT LAUDERDALE, Fla. - Maritime Professional Training today announced that Amy Beavers has received a federal appointment from Secretary Napolitano to serve in the Merchant Marine Personnel Advisory Committee (MERPAC). The committee advises the Secretary of the Department of...
Indian Railways' Earnings Rise 20.4 Percent Indian Railways reported earnings from April 2012 to February 2013 were Rs. 111984.89 crore (about US$20.6 billion), rising 20.4 percent, compared with $17.1 billion during the same period in the previous year. Total goods earnings grew 24.4 percent year-over-year to $14.2 billion for the April 2012 to February 2013 period....
India's Trade Deficit Widens to $182 Billion India's Ministry of Commerce and Industry reported the trade deficit from April 2012 to February 2013 was $182.1 billion, expanding from the deficit of $169.8 billion in the same period in the previous year. Exports in February were valued at $26.3 billion, increasing 4.2 percent from $25.2 billion in February 2012....
ILWU Marches 'Fair' Contract to United Grain International Longshore and Warehouse Union grain workers Monday delivered what they consider to be a "fair" contract to the offices of United Grain Corp. with the hope of ending an employer lockout that has been under way at the Vancouver, Wash., grain export terminal since Feb. 27. "We believe it is...
Hong Kong Container Traffic Fell 5 Percent in 2012 The Port of Hong Kong handled 5.6 million 20-foot-equivalent units in the fourth quarter of 2012, falling 9 percent compared to a year earlier, according to Hong Kong's Census and Statistics Department. Within this total, laden containers declined 9 percent to 4.8 million TEUs, while empty containers fell 8 percent to...
US Imports Expected to Rise Despite Sequestration Import cargo volume at the United States' major retail container ports is expected to rise 2.3 percent in March compared with the same month last year, despite federal spending cuts that could slow down cargo processing, according to the monthly Global Port Tracker report from the National Retail Federation and...
AirBridgeCargo Airlines Adds Third Moscow-Milan Weekly Flight AirBridgeCargo Airlines has added a third weekly service between Moscow and Milan to handle rising Asian cargo flows. Russia's largest cargo carrier will operate the 747 freighter service on Tuesdays in addition to existing flights on Thursdays and Saturdays to the Italian city which it has served since 2009. The Volga-Dnepr subsidiary...
Ryder, Eagle Distributing of Shreveport Ink Natural Gas Deal Eagle Distributing of Shreveport has signed a lease agreement with Ryder System for 23 compressed natural gas tractors. Eagle is an Anheuser-Busch distributor in northwestern Louisiana and Ryder's first natural gas lease customer in Louisiana. The CNG tractors will replace nearly all of Eagle's existing diesel-powered delivery fleet. Ryder, a commercial transportation...
Lufthansa in Double-Digit Cargo Slump Lufthansa Cargo's freight traffic fell 12.9 percent in February from a year ago, slightly outpacing a sharp reduction in capacity as Europe's largest scheduled cargo airline continued to align supply and demand in a bid to remain profitable. The decline, to 125,000 metric tons, was also in part attributable to the...
IAG Accepts Compromise to Prevent More Strikes Following negotiations between Iberia airlines and its workers, IAG, created from the merger of British Airways and Iberia, has accepted a compromise proposal put forward by a government-appointed mediator. The proposal would save the jobs of 666 workers and increase redundancy payouts for others, Reuters reports. Iberia had originally planned to...
IAG Cargo Adds Capacity to India-UK Route IAG Cargo will provide additional cargo capacity on flights from Hyderabad, India, to London. The capacity will be generated from an additional weekly passenger flight originating at Hyderabad International Airport, serviced by a Boeing 767 aircraft. The additional flight begins on March 31. "We have seen an increase in demand for products...
Copenhagen Malmö Port's Container Volume Down Copenhagen Malmö Port reported turnover in 2012 reached 725 million Swedish krona (about US$113.2 million), increasing 4 percent year-over-year. Annual operating profit was $15.9 million, rising by $2.5 million from 2011. "The results reflect the fact that the operation is developing steadily, despite the economic situation," said Johan Röstin, CEO of...
Asian Carriers Ditch Suspended Asia-Europe Service The CKYH alliance of four Asian ocean carriers will not revive its NE4 Asia-North Europe service that was suspended last October, following moves by rival lines that have also axed loops amid sluggish cargo growth and softening spot freight rates. The alliance, comprising South Korea's Hanjin Shipping, "K" Line of Japan,...
Report: Shippers Concerned About Sailing Cancellations Almost 150 sailings on the trans-Pacific and Asia-Europe routes were cancelled between October 2012 and February 2013, which has significantly affected freight rates and the regularity of service provided to shippers, according to Drewry's new Container Insight Weekly. The ocean carrier strategy has boosted average ship utilization and spot market freight...
ICTSI's Profit Rose 10 Percent in 2012 International Container Terminal Services reported its net income attributable to equity holders in 2012 was $143.2 million, rising 10 percent from $130.5 million in 2011. Annual revenue from port operations increased 10 percent, too, from $664.8 million in 2011 to $729.3 million in 2012. The port management company handled 5.63 million 20-foot-equivalent units...
Triple-Es to call DCT Gdansk BALTIC Sea container terminal DCT Gdansk has unveiled it will handle Maersk Line's Triple-E vessels from August. The first of these vessels is expected to be named ...
March Asia-Europe rate increases 'unlikely' to succeed THE planned rate increases for the westbound Asia-Europe trade in March are 'unlikely' to succeed as shipping lines have begun to chase cargo, according to container ...
CKYH bites the bullet In the face of soft forward demand and falling freight rates the CKYH alliance of COSCON, K Line, Yang Ming and Hanjin Shipping has decided not to resume its October ...
LA and Long Beach hope to end costly respositioning Steps are being taken to eliminate a major source of inefficiency within the ports of Los Angeles and Long Beach by creating a common pool of chassis.Until few ...
Truck appointments plan on drawing board for LA/Long Beach ONCE gridlocked freeways serving the Long Beach and Los Angeles port complex are now relatively congestion-free, thanks to investments such as the Alameda railfreight ...
Cargotec's Kalmar boosts Venezuela box port capacity Venezuela's state-run container terminals at Puerto Cabello and La Guaira are to receive a significant consignment of quayside equipment from Finland's Cargotec ...
Check please! CMA CGM has been forced to refund passengers who were on a cargo cruise when one of its containerships broke down in the Bay of Biscay last month.
What's in a name? Cowen Group has completed the acquisition of boutique investment bank Dahlman Rose.
Pribor abandons board Jeffrey Pribor has left Global Ship Lease's (GSL's) board of directors to dedicate more time to his new role as the head of maritime investment banking at Jefferies & Co.
Excel breaks silence Greek bulker owner Excel Maritime Carriers has been given more time to hammer out a financial restructuring with its lenders.
BLT's last stand Berlian Laju Tanker is hopeful that creditors will approve its restructuring plan when they return to the polls for a second round of voting in Indonesia on Thursday.
CSG plots $400m raid State-owned China Shipping Group (CSG) is lining up a quick sale of short-term debt.
Skou's fair play hope Maersk Line is hopeful of avoiding a rate war despite double digit growth in the containership fleet this year.
Strike two for Statoil Age Remoy's Rem Offshore has become the second Norwegian owner of the day to sign a period pact with oil and gas company Statoil.
Ferry pulled off rocks Passengers were evacuated from a high-speed ferry that ran on to rocks off Italy.
Wintermar eyes more Indonesia's Wintermar Offshore Marine could extend its fleet expansion beyond the eight ships it is already targeting.
China Cosco mulls sale China Cosco Holdings is in talks to offload its logistics wing to its parent company as part of a bid to nurse itself back to financial health this year.
Cargill takes Diana cape Diana Shipping has taken a pay cut on a second capesize in as many weeks.
Havila pair taken Havila Shipping has signed two period contracts with Statoil which will reduce its spot market exposure.
Aussie bulker boost? Indian conglomerate GVK and Australian railfreight group Aurizon are planning to develop an AUS 6bn ($6.13bn) rail and port project which could export 60m tonnes of coal a year from central Queensland.
One missing after clash A crewman is missing in Singapore following a collision between a coastal cargoship and a ferry.
Sinotrans growth charted Sinotrans Shipping has been tipped to add new vessels to its dry-cargo fleet despite a disappointing second half of 2012.
Ugland sheds oldie Norway's JJ Ugland has offloaded one of its oldest barges.
Venezuela to boost flow? The death of Venezuelan president Hugo Chavez could provide a boost to crude production if the country decides to plot a new political course, according to analysts at Poten and Partners.
Price drop key for capes Iron ore prices need to come down by up to one fifth to spark capesize chartering activity, a leading analyst says.
KDM earnings edge down Ukrainian cargoship owner KDM Shipping has posted a drop in 2012 earnings as revenue fell.
Cruiseship patched up A Greek-operated cruiseship has suffered a gash in a ballast tank after hitting an unmarked shoal off Norway.
GE sheds bulker Great Eastern Shipping of India is tipped to have offloaded its oldest bulker which has been on the sales block for the past few months.
Boskalis in APAC double Royal Boskalis Westminster has bagged a pair of dredging contracts in Australia and Vietnam worth around EUR 70m ($91m).
Pratibha licences revoked India has cancelled the operating licences of troubled Pratibha Shipping's nine vessels.
Superfast VI sold Greece's Attica Holdings is banking EUR 54m ($70.21m) from the sale of a 2001-built fast ferry, but will still book a loss.
Who is selling their VLs? Rumours are rife in the tanker market of a pending VLCC fleet sale.
Nakilat profit trimmed Qatar Gas Transport Company (Nakilat) has seen a dip in full year earnings.
Hanjin trims again Depressed containership markets have led Hanjin Shipping and its alliance partners to trim back their Asia-Europe offering once again.
Jiangnan falls to loss CSSC's Jiangnan Heavy Industry has slipped to a loss for 2012 as revenue fell.
Afai clinches ferries China's Afai Southern Shipyard has won a deal to build seven ferries for Brazil.
Hanjin bags boxships Hanjin Heavy's Philippines yard has won more containership orders from Europe.
Vopak terminal backed Vopak has received a letter of intent from the Port of Long Beach for a new crude importing terminal at the US west coast facility.
SITC beats sector woes SITC Shipping looks to have escaped 2012 largely unscathed after its results were largely unchanged on a year ago.
Otto seals AHTS pair Singapore's Otto Marine has broken a two-year order drought after it won a contract to build two anchor handlers.
Leopard gets loan Leopard Tankers, the Vitol and Grindrod tanker joint venture, has secured a $109.3m loan facility from Standard Chartered Bank.
Somalis release two Two tankers held for almost a year off the coast of Somalia have been released by pirates over the weekend.
APL discontinues 53-foot boxes in transpacific "We'll keep watching it, but at this time it's just not a viable option," said Gene Seroka, CEO of APL Americas. He explained it was difficult to find exports to match inbound cargo arriving in the containers.
With focus on Latin America, AA Cargo moves forward "We're a big part of Latin America, both in people, and in business, and in what makes up American Airlines," President Kenji Hashimoto told American Shipper. "We've been there a long time... and we still see continued upside."
Japanese forwarders fined $18.9 million "K" Line Logistics and Yusen Logistics have pleaded guilty to price-fixing, with "K" Line Logistics paying a fine of $3.5 million and Yusen $15.42 million, according to the U.S. Justice Department's Antitrust Division.
XRS names Reidy COO
EU rep pushes U.S. free trade agreement Irish Minister Richard Bruton is in Washington today to meet with senior Obama administration officials to generate momentum for a free trade agreement between the European Union and the United States.
Ann Taylor unveils international shipping
Maersk Triple E to call terminal in Gdansk
Zim to double-call New York to improve Med transit times
Tight avails with small movements in Fujairah Avails improve in Suez.
Prices soften across Europe Rotterdam suppliers hold back product despite falling crude values, say sources.
Low sulphur rules will hurt shipping industry Consultants point to economic dark side of incoming rules on ships' emissions.
Saudi Aramco to lease storage capacity in Fujairah UAE energy hub still receiving requests for new tank farms.
MGO main focus as suppliers prepare for 2015 Swedish suppliers are watching LNG development with interest; Stena Group also planning for methanol infrastructure.
Running fishing vessels on biodiesel would curb GHG emissions Asian Development Bank forum concludes that biodiesel can make contribution.
Ships to sail at 'even slower speeds' Capacity in the container shipping sector is set to grow by 11% this year.
Asian bunker prices mostly trending down Traders in Singapore and Tokyo reported low to average demand.
Vessel fuel spill averted in Mississippi River Towing vessel Justice was carrying 5,336 gallons of diesel fuel and 100 gallons of lube oil when it sank.
Island Oil hires two new bunker traders Traders joined the company in Island Oil Limited (Cyprus) and Island Oil (Hellas) Ltd (Greece).
EMSA publishes recommendations for LNG bunkering Gaps in current framework start with the lack of an EU standard definition for the bunkering process, says report.
Singapore ship chandlers and bunkering trade fall on weak BDI Strong Singapore dollar hurts foreign wholesale trade for ship chandlers and bunkering sector.
Port of Duqm to start bonded bunkering operations Port is currently in 'final negotiations' with players, says Commercial Director.
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