Dubai World Central cargo traffic vaults by 144% UAE-based Dubai Airports announced traffic statistics for Dubai World Central (DWC) showing that the airport handled 219,092 t of airfreight during its second full calendar year of...
More cargo volume and profit for Aer Lingus The Irish national carrier Aer Lingus has reported an increase in its 2012 operational and financial results. Cargo revenue, of which 80% is earned on long haul services, rose by 6...
Finance director to leave Swiss International Air Lines Marcel Klaus, the chief financial officer of Swiss International Air Lines, has decided to leave the company in July. Having started in the business at Crossair in Basel, he joined...
Autocontex adds to fleet Lübeck (Germany)-based Autocontex is boosting its fleet by 20 Krone trailers, taking the firm's overall number of vehicles to more than 500. The first trailers have already been de...
ATA renews call to remove crashes from carriers' records The American Trucking Associations (ATA) reiterated its call for the Federal Motor Carrier Safety Administration (FMCSA) to immediately establish a process to remove from motor car...
CN plans to modernize rail network Canadian National Railway Company (CN) plans to invest approximately CAD 1.9 billion (EUR 1.4 billion) in 2013 to maintain and upgrade its railway network, grow the business effici...
Russian Railways' network transports 9.4% more large containers In 2012, Russian Railways' network carried 2,970,600 teu of loaded and empty large containers, 9.4% more than in the previous year. The containers themselves conveyed 27.4 million ...
Dunfrost warehouse approved by Russian health authorities Dunfrost's 40,000 cbm negative-temperature warehouse, situated in the western port of Dunkirk (France), received official approval from Russia's health authorities on 23 January 20...
Ryder chooses new senior vice-president, supply chain solutions Ryder System appointed Thomas F. Pettit as senior vice-president and general manager of its supply chain solutions business segment. In this role Pettit is responsible for leading ...
Trans Force completes takeover of Velocity Express The Canadian transport and logistics firm Trans Force Inc has completed its acquisition of the US service provider Velocity Express. Trans Force acquired all the shares of Velocity...
ACI Cargo Inc is XL Projects' new member Miami FL-based ACI Cargo Inc is the latest member of XL Projects (XLP) in the USA. ACI Cargo is an international freight forwarder that is equipped to handle heavy cargo projects, ...
IACS membership drops to 11 if GL and DNV merger goes ahead Association chairman Tom Boardley says transfer of class abuse would be "nailed"
JadeWeserPort puts 400 on short-time working Wilhelmshaven terminal is attracting only two vessels a week
Danaos eyes return to acquisitions Boxship owner hints at renewal after writing down values of older vessels
Tankers owners saved by West Africa voyages to China Longhaul route bolsters earnings at a time of record lows on traditional voyages
Teutonic inefficiency A number of crucial German infrastructure projects are having difficulties
Shore jobs go at P&O Axe falls on catering and IT departments
Salvage industry must make way for new blood Former ISU chief Klaas Reinigert criticises industry for not being prepared to invest to keep pace with the accelerating size of vessels
IG increases Hydra's cut of group GXL reinsurance programme by 5% International Group of P&I Clubs says decision was based on price optimisation
China warms to the Arctic Beijing aims to secure access commercially while political drive remains low-key
Chinese wall at the IMO The developed nations blame the Brics - Brazil, Russia, India and China - for blocking CO2 talks
Boskalis close to finalising Dockwise buyout Dredging company says it now owns or has commitments from 92% of Dockwise shares as the heavylift operator reports strong year-end results
STX Offshore and Shipbuilding cancels two bulkers Newbuildings were ordered in 2008 by European owner
The intra-Asia boost Trades between China and Asean will grow in both directions
Hurtigruten hurting Norwegian operator hit by series of one-off financial setbacks in 2012
Maersk's AE-9 ships to join idled fleet Demand on Asia-north Europe route remains disappointing
Regional negotiations remain in spotlight as ILA releases details of coastwise wage deal Tentative draft shows union and employers in apparent harmony over wages and container royalties
OSG's road to today Group's tax issue has been referred to as a 'smoking gun'
Taxman serves $463m bill on Overseas Shipholding Group Chapter 11 case faces turmoil after "known unknown" in liability is quantified
BIMCO sees fragile recovery boosting shipping A BIMCO report of shipping markets today predicted a fragile global economic recovery this year
Firm rates seen for turbine installation ships TIMECHARTER rates for wind turbine installation vessels will remain firm for at least two more years, a leading European shipbroker has predicted
Uljanik turns profits into losses CROATIA'S Uljanik shipyard said today it lost 59.54M kuna ($10.6M) in 2012, down from profits of 1.7M kuna a year earlier
STX O&S cancels orders for two bulkers STX Offshore & Shipbuilding told Fairplay today it is cancelling orders for two bulkers from an undisclosed European shipowner
Shell investing $1Bn in Kakinada FSRU? SHELL'S India subsidiary is prepared to invest $1Bn in a floating LNG storage & regasification unit, IHS World Markets Energy reported today
Ennore raising $472M INDIA'S government-run Ennore Port Ltd is seeking to raise 25Bn rupees ($472M) through tax-free bonds
German risks underwriter goes global GERMANY's special maritime risks underwriter Hansekuranz Kontor is seeking growth outside its core domestic market
Norway OKs armed guards NORWAY has allowed privately contracted armed guards on its vessels transiting the high-risk zone off Somalia
Dockwise bows out by reversing losses DOCKWISE, the Dutch heavy-lift group acquired by compatriot Boskalis, today issued strong results for its final year as an Oslo-listed company
Havila gets cold reception HAVILA Shipping said today investors took up less than half of the shares that it offered after a private placement
Sevan plans subsequent share offering OSLO-LISTED Sevan Drilling said today it will launch a 37.5M subsequent offering of shares, following on the 250M-share private placement concluded earlier this month
Otto warns 2012 losses SINGAPORE-listed offshore services provider Otto Marine has warned of losses for full-year 2012
Picture brightens for tanker owners BOTH OPEC and the EIA have lifted their predictions for 2013 crude demand growth, improving the outlook for tanker owners, a shipping analyst said today from Norway
Holland to Leave Seattle Port Commission The Port of Seattle Commission now has two spots to fill. Port Commissioner Rob Holland today submitted a letter of resignation to King County Council Chair Larry Gossett. Holland, who joined the commission in 2010 and has been an advocate for seaport competitiveness, will step down effective March 15. The port commission...
Surcharges Loom as Cochin Strike Continues Ocean carriers calling at Vallarpadam International Container Transshipment Terminal in India's Port of Cochin announced plans to implement a "trade surcharge" to compensate for loss of business in the wake of an indefinite strike by container trailer drivers. Unionized drivers walked off the job Feb. 4, calling for wage increases and...
Janel World Trade Narrows Loss Logistics company Janel World Trade reported a net loss of $201,286 in the first quarter of fiscal year 2013, ending Dec. 31, 2012, improving from a net loss of $246,912 in the same quarter in fiscal year 2012. Quarterly revenue was $21.9 million, falling $1.5 million or 6.4 percent from the...
CrowleyFresh Smells the Roses CrowleyFresh, a cold-chain warehouse and logistics service jointly offered by Crowley Maritime and its subsidiary Customized Brokers, recently stored 110 pallets of fresh Colombian roses from its customer Sushine Bouquet Company, in advance of Valentine's Day. The perishable cargo was stored in CrowleyFresh's 17,000-square-foot cold storage facility, and the flowers were...
Eimskip Plans Biweekly Maine Port Call Eimskip has signed a contract with Maine Port Authority to begin new container service operations out of the recently renovated International Marine Terminal in Portland, according to Maine Gov. Paul R. LePage. The service will call at Portland every 14 days, starting at the end of March. It replaces a call...
Donohue: Private Sector Wants to Pay for Infrastructure WASHINGTON, D.C. - The private sector is willing to pay higher user fees to fund transportation infrastructure and is ready to unleash a quarter of a trillion dollars in capital for public-private partnerships, U.S. Chamber of Commerce President and CEO Tom Donohue said on Wednesday. He reiterated his support for raising...
Thailand Relaxes Regulations on Bovine Imports Thailand has amended its import conditions related to bovine spongiform encephalopathy, commonly known as "mad cow disease," which will facilitate the exports of bovine products from the European Union. The European Commission had expressed concern for the previous measures, which were more restrictive than the international standards of the World...
Maersk Gives Five Older Vessels 'Nose Jobs' Maersk Line has given five of its vessels a "nose job," to retrofit their bulbous bows to improve fuel consumption. The Danish carrier said the change improves the performance of the vessels significantly, cutting fuel costs by about 8 percent in the current slow-steaming environment. The vessels were too expensive to use...
Canadian National Suspends Proposed Rail Line Canadian National Railway has suspended the feasibility study for the construction of its proposed rail line and terminal handling facility to serve the Quebec/Labrador iron ore range. "Current market realities" have resulted in anticipated delays with mine development projects in and around the Labrador Trough, CN said in its release. A...
India Seeks to Develop Rough Diamonds Trade India is looking to become an international trading hub for rough diamonds. Shri Anand Sharma, India's Union Minister for Commerce, Industry and Textiles, has released the report of a task group comprising both government and industry members that was constituted by Sharma under the chairmanship of Anup K. Pujari, India's Director...
Navistar Completes Sale of Ventures in India Mahindra & Mahindra, an Indian multinational automobile manufacturing corporation, and Navistar International, an Illinois-based truck manufacturer, have announced that Mahindra has completed its acquisition of the Navistar Group's stake in Mahindra Navistar Automotives and Mahindra Navistar Engines. Navistar announced in December 2012 its intention to exit the joint ventures as part...
'Christmas' Docks Extortion Trial Scheduled A Sept. 9 trial date has been set for three ex-presidents of a large International Longshoremen's Association local and nine others charged with participating in a mob-run "Christmas tribute" racket on the New Jersey docks. U.S. District Judge Dennis M. Cavanaugh scheduled the trial after a hearing this week in Newark,...
AASHTO Applauds Obama's Infrastructure Message Bud Wright, executive director of American Association of State Highway and Transportation Officials, has applauded President Obama's reference to infrastructure investment in his State of the Union address. "AASHTO salutes President Obama for again calling for greater investment in America's infrastructure," Wright said in a written statement. "Now we need to...
Retailers, Manufacturers Comment on Obama's State of the Union Address The retail and manufacturing industries have remarked on President Obama's State of the Union address, commending his focus on job creation, while also offering a few suggestions. "We have repeatedly called on Congress and President Obama to make the economy and job creation their top priority, so we are very pleased...
US-EU Trade Negotiations Draw Praise Government officials, politicians and business and industry leaders have commended the U.S. and European Union's decision to pursue a trade agreement. A joint statement from President Obama, European Council President Van Rompuy and European Commission President Barros announcing the launch of negotiations for a Transatlantic Trade and Investment Partnership was released today....
How Do You Like It? Our often noisy and boisterous industry has seemed rather quiet during the past few weeks. As the East Coast maritime labor dispute edged closer to a settlement, the West Coast waterfront labor issues, although not fully settled, moved off the headlines, at least until the OCU voted on Feb. 6...
OCU Files NLRB Complaint Over 'Eavesdropping' The strange events surrounding contract negotiations between office clerical workers in Los Angeles-Long Beach and waterfront employers have become even more suspenseful with the union charging that one of the employers eavesdropped on conversations among its members. The Office Clerical Unit of International Longshore and Warehouse Union Local 63 filed a...
Annual Review & Outlook 2013: Tyler Search The closely watched unemployment rate will inch up again as layoffs at defense contractors create a ripple effect through small and medium-size companies. Small companies aren't the drivers of new jobs and improved economy. Large companies create the jobs, and the small and midsized firms feed off them. The unemployment...
Annual Review & Outlook 2013: Tompkins International A year ago, we predicted new distribution channels and emerging markets would continue to expand, along with greater supply chain flexibility, efficiency and alignment. These trends are clearly in place and continuing, as are concerns about demand volatility and supply chain risks. The two most important changes we projected for 2012...
Sokhna back to work A labour dispute that shuttered the Egyptian Red Sea port of Sokhna last week, forcing many ocean carriers to divert their ships, has been resolved with the hitherto ...
Hedging the solution to freight rate volatility? Following the lull in the market this week with the Chinese New Year holiday, attention will swiftly turn to debate over planned general rate increases (GRIs) in ...
ICC survey looks on the bright side The Paris-headquartered International Chamber of Commerce [ICC] says that its global survey of economic experts suggests that the world's economy is 'showing signs ...
DCT Gdansk gears up Poland's DCT Gdansk says that it processed a 'record breaking' number of containers at its facility in January reaching 106,000 teu.In keeping with this expansion ...
Maersk's AE-9 ships to join idled fleet? Maersk Line has suspended its Asia - north Europe AE-9 loop less than two months after reactivating the service as load factors for carriers continue to disappoint. ...
Chinese china seeks out new tea rooms The Year of the Snake could have a poisonous bite for some Chinese manufacturers hobbled by a growth in protectionism in their traditional markets.In the past year ...
Strong performance forecast for intra-Asia box trades Growth will return to the Asia-Europe trades this year, Clarkson Research Services predicts, but at a very modest rate compared with other markets.Westbound volumes ...
Triumph impact rising Carnival Corp has forecast a higher-than-expected earnings impact from the engine room fire that hobbled a cruiseship in the Caribbean.
Wells warms to Navios tankers Wells Fargo has boosted its rating on Navios Maritime Acquisition's shares after the tanker owner posted better-than-expected profits.
GC Rieber turns to Kleven GC Rieber Shipping has chosen Kleven Verft for a seismic newbuild backed by a long-term charter from Dolphin Group.
IRS clobbers OSG Bankrupt Overseas Shipholding Group owes a massive $463m in US taxes, it emerged today.
Wartsila's research boost Finnish group Wartsila has sealed a EUR 50m ($67.18m) loan to further develop eco engines.
Glencore goes Greek Glencore has picked up a couple of Greek-owned panamax bulkers on short period deals.
ABG profit cut India's ABG Shipyard has posted a fall in nine-month profit as revenue was reduced.
Mercator takes a dive Mercator Lines (Singapore) is in talks to terminate a third long-term charter contract early as part of its ongoing bid to save cash and cut debt.
Rebate raises Solvtrans A tax gain has boosted the fourth quarter earnings of Norwegian wellboat owner Solvtrans.
Anker pins rebound A recovery in the global economy should set the scene for a rebound in key shipping sectors in 2014 and 2015, Peter Anker says.
UK owner calls halt The fleet of UK owner Independent Shipping has stopped trading "for the time being" due to cash problems at its parent.
Ssssurely not! Workers on a Maersk Drilling unit in Angola were recently stunned to see a large snake had managed to slither its way onboard.
Mipo pain to last Hyundai Mipo Dockyard could be in for more losses in the first six months of this year as newbuilding prices continue to fall.
Alam wins more from Petronas Malaysia's Alam Maritim Resources has won charter contracts with Petronas for two more offshore support vessels.
Cattle ships planned The Indonesian government is planning to order new livestock carriers to meet growing beef demand.
FOP slices loss Fred Olsen Production has sliced its fourth quarter red ink to finish 2012 in the black.
Zim in new debt talks Israeli container line Zim has brought in a financial consultant to work out a new debt plan with banks.
Dockwise backs bid Royal Boskalis Westminster's takeover of Dockwise moved a step closer today after the heavylift company gave its full backing to the move.
Havila goes again Havila Shipping has sold only 46% of new shares it offered to investors, but will bank NOK 10.46m ($1.9m).
S&P unmoved by union Standard & Poor's has offered its support to Petronas' pending takeover of MISC suggesting it will not place any financial pressure on either party.
Final struggle for HRG Impairments and bad debt hurt Hurtigruten in the final quarter of 2012 with three months of red ink tipping the company to a full-year loss.
P&O swings jobs axe UK operator P&O Ferries has made more than 40 staff redundant at its head office.
HHI "takes care of loss" Hyundai Heavy Industries (HHI) of Korea has been tipped to benefit from improving shipbuilding conditions in 2013, after posting a shock loss in the fourth quarter.
APL eyes fuel savings APL, the liner arm of Neptune Orient Lines (NOL), is looking to fuel additives in a bid to keep its bunker bill under control.
STX cancels bulkers STX Offshore & Shipbuilding of Korea has torn up a five-year-old agreement to build two bulkers.
Textainer heads higher Textainer has reported a second consecutive quarter of 10% growth in profits on the back of an expanded container fleet.
Triumph Alabama bound A Carnival cruise ship disabled by an engine room fire over the weekend is now being towed to the US rather than Mexico.
DoJ takes aim at ATP The US government has confirmed reports that a civil suit has been filed against an offshore exploration and production contractor accused of unlawfully discharging oily waste and chemical dispersants into the sea.
NEWSFLASH: ICAO action bars plane lithium batteries The International Civil Aviation Organization has passed an interim amendment barring lithium ion aircraft batteries as cargo on passenger planes.
Longshore clerks re-file eavesdropping complaint Members of the ILWU's Local 63, Office Clerical Unit, have re-filed a complaint against APM Terminals in Los Angeles for alleged eavesdropping. A similar complaint made last year by the union was dismissed in December.
Repowering ships could revitalize Great Lakes fleet A new report by the Maritime Administration says U.S.-flag ships on the Great Lakes could be modernized with the installation of diesel or dual-fuel engines that can also use liquefied natural gas.
Transport a topic within broad U.S.-EU tech talks
Greatwide Logistics, Cardinal complete merger The contract carry and delivery division will feature 5,000 drivers operating from 125 locations. The new company will focus on the transportation of bulk food, grocery, metals, building products and retail items.
Shipping lanes visible from space, says NASA
Air traffic management in limelight
Ex-Im Bank loan supports Boeing 777 sale to Russia
Vitran sells supply chain operation
FMC reviews 15 OTI license applications
U.S. steel exports fall in December
World Bank endorses Jamaica logistics hub plan "It is important to emphasize that the hub is not just about the port, it involves many moving parts and will significantly enhance Jamaica's potential for growth," said Giorgio Valentini, World Bank's representative to the country.
Obama highlights transportation, trade in State of the Union
Eimskip switching U.S. call from Norfolk to Portland, Maine
Teekay orders two new LNG carriers Engines will automatically switch between burning LNG and fuel oil when power is reduced to a 15% load, making port-to-port operation on LNG possible.
Carnival Corp opts for automated fuel management system Automated fuel switching system can save fuel by optimising fuel changeover time when transiting in or out of ECAs.
Tight avails in Fujairah and Suez Tight avails also present in Suez bunker market.
Prices lack direction in North west Europe Market shifts down a gear.
US emissions averaging proposal splits opinions at IMO meeting Sub-committee says MEPC must decide if 'equivalent methods' can be applied to a group of ships.
Tesoro's annual profits up Company optimistic about West Coast fuel logistics business.
Rubis: Revenue up last year Notice released ahead of company's annual report.
Aegean attracts new business Company's Falmouth operations boost port's trade.
Wartsila secures R&D financing Key areas for R&D include engine technology, emissions abatement and energy efficiency products.
Dredging works coming up in Singapore port Two projects scheduled around Shell Bukom refinery.
Asian bunker prices continue strengthening Singapore's benchmark 380 cSt bunker fuel rose $8.00 to $666 pmt.
MGO flash point trend still reassuring DNVPS put out five 'Bunker Alerts' for flash point across the world in 2012.
International Bunkering hires two more traders Andreas Johansen and Maureen Leong have joined the company in Dubai and Singapore respectively.
OW takes CSC Phoenix to court OW is seeking claims for unpaid bunkers.
Wilhelmsen upgraded on projected bunker savings Analyst predicts company's fleet will be able to continue to save bunkers by slow steaming.
Shipowner anger at high bunker price Shipowners in Bangladesh want government to drop prices.
Japan inks oil-supply pact with Saudi Arabia The pact will come in force during 'special' circumstances such as terrorist attacks, Middle East unrest or an oil price spike.
OPEC: Global demand to rise Demand stronger than previous estimates.
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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