PIA introduces wide-body to Leeds/Bradford Starting today, (13 March 2013), Pakistan International Airlines (PIA) is introducing a Boeing B777-200ER aircraft on its twice weekly Islamabad - Leeds/Bradford (Great Britain) ro...
Schmitz Cargobull and Scania extend service in Norway Schmitz Cargobull AG will further intensify its service for all vehicle types in Norway. An agreement to this effect was recently signed with Norsk Scania. In the future, all servi...
Huettemann establishes strategic alliance with British partners The Duisburg (Germany)-based Huettemann Group has established a strategic alliance with the British service providers Knights of Old Ltd and John G. Russell (Transport) Ltd. The Hu...
Fraport Cargo Services investing in modern security technology Fraport Cargo Serivces GmbH (FCS), a wholly owned subsidiary of Fraport AG and the major independent cargo handling agent at Frankfurt airport (Germany), has already installed a b...
Kombiverkehr starts 2013 in bullish mood The German intermodal service provider Kombiverkehr is again expecting a sharp rise in consignment volumes for the 2013 financial year. This is partly due to the ongoing demand fro...
CN to increase heavy northern Alberta crude oil shipments Canadian National Railway Company (CN) is about to start increasing shipments of heavy northern Alberta crude oil through LBC Tank Terminals' expanded terminal at Sunshine in the G...
ICTT receives first direct call from Africa The International Container Transshipment Terminal (ICTT) at Vallarpadam, Cochin (India) welcomed its first direct mother container ship from Africa at the end of February. The ves...
DCT Gdansk's new CEO taking over the helm in April Maciek Kwiatkowski will become the new CEO of DCT Gdansk SA on 1 April. Earlier in his career, Kwiatkowski held the posts of CEO of South Asia Gateway Terminal in Colombo (Sri Lank...
COO of DSV Road Holding A/S promoted to CEO Soren Schmidt, chief operational officer of DSV Road Holding A/S, was promoted to chief executive officer of this entity on 1 March 2013. Schmidt, who has been employed at DSV sinc...
Great Lakes shipping season starts The 2013 Great Lakes shipping season began on 2 March with the sailing of the tug/barge unit "Prentiss Brown/St Mary's Conquest". The vessel, operated by Port City Marine...
Maersk Line wants to tap into Myanmar's growth Maersk Line and MCC Transport have confirmed plans to open a branch office in Myanmar, following the suspension of EU and US trade sanctions in 2012 and the country's strong econom...
DHL building new express delivery centre in Dubai DHL Express has broken ground on the construction site for what will be its largest logistics centre (except for those at airports) in the Middle East and North Africa. The new fac...
Keppel cancels $1.2Bn deal with Naftogaz KEPPEL said today its $1.2Bn contract to build two semisubmersibles for Ukraine's Naftogaz "will not be taking effect"
LNG supply crunch nears CHEVRON CEO John Watson has predicted that LNG demand will outstrip global supply by about 150M tonnes by 2025, IHS World Markets Energy reported today
Spill feared in US fire OIL SPILL responders are today checking for a spill at the scene of a barge fire sparked when a tug struck a pipeline near New Orleans
Greens, manufacturers assail US LNG plans A PROPOSAL to export nearly half of US natural gas production has sparked a push-back against 'fracking'-tied LNG cargoes
Delhi cuts orderbook budget for SCI DELHI said today it would spend 19.39Bn rupees ($359M) on government-owned SCI during the next financial year to buy ships already ordered
Box Ships pares offering NYSE-listed Box Ships today announced pricing for a follow-on offering that would generate lower proceeds than expected
LNG rates seen as robust - but lower AFTER a "remarkable" 2012, LNG rates should come off highs in 2013-15 but remain "very profitable", according to Evercore analyst Jon Chappell
Auto cargoes buck trends DEMAND from shippers of automotive components and finished vehicles is likely to stay strong even in the present slow economic growth period, IHS Automotive Consulting said today
Volume fall hits Horizon JONES ACT box carrier Horizon Lines swung to losses in its latest quarter as Puerto Rican volume declines offset higher rates
TORM's losses rise on restructuring costs TORM today reported deeper year on year losses for FY12, but if restructuring effects are removed from the figures, its losses were virtually unchanged from 2011 results
Russian steel cries foul RUSSIAN Steel, the lobbyist for most of the country's steelmakers, has filed a complaint against Russian Railways (RZhD)
STX Pan Ocean's shares rise on stake sale STX PAN Ocean's shares opened higher today on news that parent STX Corp would call for a public tender to divest the chaebol's 35% controlling stake
Newbuildings slow down NEWBUILDING activity declined in February among all vessel classes except LPG carriers, tankers and ro-ros
Subsea 7 wins $300M in Brazil contracts SUBSEA 7, the London seabed-to-surface offshore builder, said today it has won three contracts for PETROBRAS together worth more than $300M
DFDS bonds raise $120.6M DENMARK'S DFDS ferry and ro-ro group said today it issued a 700M kroner ($120.6M) in senior unsecured bonds in Oslo
ILA, USMX Seal Deal TAMPA, Fla. - The International Longshoremen's Association and United States Maritime Alliance concluded nearly a year of rocky, on-and-off negotiations by agreeing on a six-year contract for East and Gulf Coast dockworkers. Amid handshakes and hugs, the deal was announced to the union's 200-member wage scale committee, which recommended ratification by...
Lockheed Martin to Manufacture LNG Tanks Lockheed Martin has received initial orders to manufacture cryogenic tanks for fueling liquefied natural gas-powered vessels. The Maryland-based security and aerospace company will produce the LNG tanks at NASA's Michoud Assembly Facility in New Orleans. Lockheed Martin will adapt production equipment used to manufacture the external tank for the Space Shuttle for...
Kinder Morgan Pulls Plug on Wilmington, Del., Bid The attempt to privatize the Port of Wilmington, Del., has foundered on the rocks of local port business and labor opposition. Kinder Morgan Energy Partners said last week it has "suspended" its bid to take over the lease for 65 years to operate the port, which is currently operated by the...
Port of Kalama Names Wilson Executive Director Mark Wilson, Port of Kalama's new executive director.The Port of Kalama's commissioners have appointed Mark Wilson to serve as the Washington port's executive director, starting April 1. He succeeds Lanny Cawley, who is retiring. Cawley has led the port's operations since 1998. Wilson, who currently serves as deputy director, was first hired...
CSafe to Provide Reefer Units to Emirates SkyCargo SkyCargo, CSafe ink deal.Emirates SkyCargo has contracted CSafe, a cool chain solutions provider, for the supply and service of mobile refrigeration units used for its Cool Chain Premium Service, which specializes in the transport of temperature-sensitive products, particularly pharmaceuticals. The contract will provide units for the Emirates division's Dublin to Australia...
ILA, USMX Approve Contract Deal The International Longshoremen's Association and United States Maritime Alliance concluded nearly a year of rocky, on-and-off negotiations with an agreement on a six-year contract for East and Gulf Coast dockworkers. The deal was announced to the ILA's 200-member wage scale committee, which will recommend ratification by the 15,000 dockworkers covered by...
Profit Plummets at Cathay Pacific Hong Kong-based Cathay Pacific reported 2012 profit totaling HK$916 million (about US$118.1 million), a decline of 83.3 percent from $709.0 million in 2011, while annual turnover rose 1.0 percent to $12.8 billion. Cargo revenue in 2012 was $3.2 billion, dropping 5.5 percent compared to 2011. Capacity was down 3.1 percent and the...
Greenbrier Names Downes SVP, Chief Accounting Officer The Greenbrier Companies has hired Adrian Downes as senior vice president and chief accounting officer. Downes will be responsible for directing all of the Oregon-based railroad equipment manufacturer's global corporate and operational accounting activities. He will oversee Greenbrier's information technology and tax planning functions. Downes has nearly 30 years of accounting and...
Zim Adds Second New York Call to Atlantic Service Zim Integrated Shipping Services has announced that Zim Container Service Atlantic will add a second call in New York on its eastbound route, starting this month. The weekly, fixed-day service will have the following rotation: Haifa, Israel; Piraeus, Greece; Genova, Italy; Tarragona, Spain; Halifax, Nova Scotia; New York; Savannah, Ga.; Kingston,...
Canadian National Makes Leadership Changes Canadian National has made further changes to its leadership, according to Jim Vena, executive vice president and chief operating officer of the Class I railroad. John Orr, 49, will become vice president of the eastern region, based in Toronto, effective March 15. He currently serves as vice president, chief safety and...
TransForce Sells Part of Vitran Stake TransForce has indirectly disposed of 500,000 common shares of Vitran Corporation, representing 3.05 percent of the issued and outstanding common shares of Vitran. As a result of this disposition, the Canadian truck driver staffing firm has indirect ownership of, and control and direction over, an aggregate of 1,263,478 common shares of...
ILA's Daggett: 'We've Done All We Can Do' TAMPA, Fla. - International Longshoremen's Association President Harold Daggett said he hopes United States Maritime Alliance will approve a contract agreement with the ILA when the two sides resume meetings later today in Tampa. ILA and employer officials met this morning at Tampa, where the union's 200-member wage scale committee has...
South Carolina's Inland Port Project Hits Obstacle The South Carolina Ports Authority has revealed that a refrigerated warehouse business that rents part of its property in Greer, S.C., has refused offers to budge, legally blocking the maritime agency from moving forward with its inland port project, The Post and Courier reports. SCSPA's board members have unanimously approved a...
TPM Conference 2014 TPM 2013 was another record-breaking event, with 2,000 attendees for what has become a must-attend annual briefing and networking gathering for the trans-Pacific and, increasingly, global container shipping community. Major issues covered included: Longshore labor, the continued volatility of freight rates, carriers withdrawing from chassis with no new model firmly established; and...
Customs Aims to Speed Clearance of Mexican Trade WASHINGTON, D.C. - Customs and Border Protection by the end of the year will launch three pilot programs aimed at speeding the clearance of goods across the U.S.-Mexico border The pilots would provide pre-inspection - the rough equivalent of primary inspection at the border - before the shipments are exported, Ana Hinojosa,...
Box Ships Announces $21 Million Public Offering Box Ships intends to offer and sell 4 million of its common shares at $5.25 per share in an underwritten public offering. The offering is expected to close on March 18. The Greek shipping company intends to grant the underwriters a 30-day option to purchase an additional $3.75 million of its...
Port of Seattle's Operating Profit Up 3.7 Percent The Port of Seattle reported net operating income in 2012 of more than $223 million, 8 percent higher than budget and 3.7 percent higher than 2011's operating profit. The gain was driven by the continued success of Sea-Tac International Airport and the successful launch of a new rental car facility, said...
Port of Bilbao's Container Traffic Rises 3 Percent Spain's Port of Bilbao.Spain's Port of Bilbao reported goods traffic in the first two months of 2013 increased 10 percent year-over-year to 4.8 million metric tons. Container goods rose 3 percent in January and February, while conventional traffic fell by 3 percent. The port also recently appointed Carlos Alzaga as its new...
A.R.T. Logistics Launches Europe-Mongolia Service A.R.T. Logistics has launched a twice-monthly less-than-truckload service connecting Europe to Ulan Bator in Mongolia. "We launched the trucking service primarily to meet growing demand from international mining companies operating in Mongolia," said Tatiana Serova, commercial director of the multimodal logistics company, in a written statement. "Apart from mining equipment, we...
CMA CGM Buys 50,000 'Eco-Containers' CMA CGM Group has finalized the purchase of 50,000 bamboo "eco-containers" with 25,000 light steel containers, in line with the company's environmental policy. Using bamboo limits the use of rare tropical wood species and improves the container's technical qualities, CMA CGM said in a written statement. The light steel containers are...
Maersk will launch first Triple-E based Asia-Europe service next year MAERSK Line expects to launch a first full Asia-Europe service deploying only Triple-E containerships by the middle of next year, even though demand remains ...
Hanjin Shipping expands Indonesian network Hanjin Shipping has unveiled plans to expand its service network covering Indonesia as it looks to capitalise on growing demand in the country.The South Korean ...
Globe Tracker monitors supply chain data for boxes GLOBE Tracker International has launched a supply chain data collection and monitoring system for maritime containers and other assets.A communications unit installed ...
Demand for large boxships will grow despite overcapacity ORDERING momentum for ultra-large containerships will continue for at least the next two years despite rising concerns about overcapacity on major trade routes, ...
Ports brace for an influx of bigger boxships TERMINAL operators can benefit from shortening port stays for carriers with growing size of containerships, according to industry officials, though volume is still ...
APL's ocean-going 53 footers to be stood down Launched in a blaze of glory in November 2007 as the next logical step for the global supply chain, APL's custom-strengthened 53ft ocean capable containers are ...
US renews exemptions Japan has qualified for another exemption from US sanctions that prohibit the purchase of crude oil from Iran.
Locked and loaded Scorpio Tankers will have roughly $450m to spend on fleet expansion if it uses proceeds from its latest fundraiser for acquisitions, according to Jonathan Chappell of Evercore Partners.
Two-year cheer Deliveries of panamax bulker newbuildings have fallen to a two-year low, according to SSY.
Hellenic bags more Hellenic Carriers has secured a small pay rise for a supramax bulker, it is claimed.
Edda pens HHI order Edda Accommodation of Norway has inked a contract to construct up to two mono-hull offshore accommodation units at Hyundai Heavy Industries in South Korea.
Saudi joy for AOD Asia Offshore Drilling (AOD) has signed charter contracts for a pair of jack-up rigs under construction at Keppel FELS in Singapore.
Strong profit ahead A sharp rise in newbuilding deliveries will not stand in the way of substantial profits for LNG owners during the next few years, according to one of Wall Street's leading analysts.
Ballast botch costs owner A Spanish shipowner has been fined in the UK over unsafe entries to a cargoship's ballast tanks.
Sinokor's silver slew South Korea's Sinokor has signed a long-awaited order for 20 MR tankers at Hyundai Mipo to fill Shell's Project Silver roster.
Singh stokes Lexie row Indian prime minister Manmohan Singh has waded into the row over Italy's refusal to send two tanker guards back to Delhi for a murder trial.
TEU tanks Shares of Box Ships tanked in early trading Wednesday after announcing plans to pursue a follow-on equity offering.
Nordic in big trouble Nordic Shipholding has been given more time by creditors to find a long-term solution to its financial woes but the company said it will not be enough to prevent it from posting a bigger than expected annual loss.
STNG turns on the tap Scorpio Tankers of Manhattan and Monaco has lined up a follow-on equity offering in which it hopes to raise nearly $235m.
CSC goes for loans Loss-making bulker owner CSC Phoenix is to mortgage nine ships in a bid to raise CNY 621m ($100m).
Bumi swoops for condor Malaysia's Bumi Armada has continued its multipurpose platform support vessel spree with a purchase from Condor Shipco.
No more forced sales Forced asset sales appear to be off the agenda at Torm once it has seen through the exit of five tankers called last year, its CEO says.
Canada blames crew Canadian accident investigators have laid the blame for a serious ferry collision at the door of BC Ferries crew.
Cosco's giant sell-off China Cosco could sell assets worth over $4bn this year to pull it back to profitability and prevent a de-listing in Shanghai, it is claimed.
Horizon stays red Horizon Lines has posted an improved set of fourth quarter earnings despite lower revenue.
Hanjin expands in Asia Hanjin Shipping is stepping up its Indonesian operations with a new service.
Boxship in fatal clash One man has been killed in a collision between a German containership and a harbour boat in Singapore.
Viking moves quickly Viking Supply Ships has wasted no time in finding higher value work for one of two AHTS vessels after their current charterer decided not to extend the contracts.
Torm connects four Heavy restructuring costs and a weak market have led Torm to its fourth successive annual loss.
More MRs for d'Amico Italy's d'Amico International Shipping (DIS) has returned to Korea to boost its MR newbuilding tally.
Ford mulls sea switch Ford Motor Corp of the US is considering using car carriers to ship vehicles from the east to the west coast of India.
Alphabet soup Russia's Admiralty Shipyard has been rapped by antitrust officials after a steel tender proved hard to find online due to a letter swap.
DFDS profit to rise Denmark's DFDS has raised its 2013 profit forecast after winning back freight client NTEX.
Picked by Petrobras Oslo-listed Subsea 7 has won $300m of contracts for offshore installation work from Petrobras in Brazil.
PTP set to expand Port of Tanjung Pelepas (PTP) is set to expanding its footprint in southern Malaysia with a MYR1.4bn ($450m) investment program.
China cargoes inch up Iron ore exports from Australia's Port Hedland to China rose last month despite a decline in total Chinese imports.
Maersk eyes Myanmar Maersk Line says it is to open a branch office in Myanmar in the wake of the recent suspension of trade sanctions by the west.
Box Ships looks for $25m Box Ships is looking to raise up to $25m in fresh funds via an underwritten public offering of shares.
NEWSFLASH: ILA, USMX agree to 6-year contract The federal mediator said the agreement will be submitted to the membership of each group for ratification and "paves the way for six years of stable labor-management relations covering all the Atlantic and Gulf Coast ports."
TP Pulse: Many shippers, 3PLs expect rate increase this year
EU advances negotiating strategy for U.S. trade talks The European Commission on Tuesday agreed on a draft mandate for negotiators who expected this summer to engage with U.S. officials on forming a transatlantic trade and investment agreement.
Former NASA facility to build LNG tanks for ships NASA is trying to convert its Michoud assembly plant near New Orleans into a multi-use manufacturing facility for commercial applications after the federal government canceled the Space Shuttle and Constellation programs.
Horizon reduces losses, expects benefits from Puerto Rico The Jones Act carrier reported a net loss of $17.9 million in the fourth quarter ending Dec. 23, compared to a net loss of $63.6 million (profit of $74.2 million from continuing operations) in the same 2011 period.
Huge profit drop for Cathay in 2012
PTP lands new CEO
FAA approves Boeing 787 battery plan
U.S. import, export prices rise in February Pushed up by higher fuel prices, the price index for U.S. imports increased by 1.1 percent last month, the largest monthly price increase since August, according to data released by the U.S. Bureau of Labor Statistics.
ILA delegates approve, in principle, master contract The union's wage scale delegates on Tuesday approved, in principle, the proposed aspects of the master contract for its dockworkers. The ILA and USMX will meet Wednesday to review the complete master contract proposal.
Scrubbing technology: Operating record is 'insufficient' Industry players still worried about practicalities of opting for exhaust gas cleaning systems.
Prices flat in Cape Town While avails remain tight.
Little price movement in major European ports Hamburg market was reported to be quiet.
Singapore bunker sales down 18.8% month-on-month Sources blame weak demand and fewer trading days.
Norwegian Oil Trading appoints Commercial Manager Svindseth has more than 30 years of experience within the commercial side of the oil industry.
Italian owner orders fuel efficient ships Tankers will save seven tonnes of fuel a day over existing ships.
Mixed movements in Asian bunker prices Prices fell in Singapore and Hong Kong.
Staatsolie welcomes new marketing manager Leon Brunings joins Staatsolie as marketing division manager.
Matson lowers fuel surcharges Lower rates from mid-March.
Maersk Triple E vessels to call at Gothenburg Port 'ready to welcome' the 18,000 TEU vessels.
SITC posts steady profit But bunker costs are up.
KPI Bridge Oil arrests vessel over unpaid bunkers Money owing amounts to $1.3 million.
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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