World's most fuel-efficient Canter Eco Hybrid rolled out in Australia Kawasaki - Mitsubishi Fuso Truck and Bus Corporation (MFTBC), one of Asia's leading commercial vehicle manufacturers, launched its latest generation Canter Eco Hybrid light-duty tr...
Truckers waste billions in US traffic jams Traffic congestion and delays in the USA are costing the trucking industry an estimated USD 27 billion for the time and fuel wasted by trucks alone. According to an urban mobility ...
Early lunar New Year benefits Singapore's freight traffic January airfreight movements at Singapore's Changi airport registered an increase of 2.5% year-on-year, as air shipments picked up ahead of the lunar New Year period. A total of 14...
MOL establishes wholly owned subsidiary in Myanmar As one of the first companies in the shipping industry, the Japanese carrier MOL has set up a wholly owned subsidiary called Myanmar MOL Ltd in Yangon (Myamar). MOL has been offeri...
Watco purchases Ann Arbor Railroad The US service provider Watco Railroad Company Holdings (Watco) has purchased Ann Arbor Railroad (AA). AA serves southeastern Michigan and the Toledo OH markets, focusing mostly on...
Jet Professionals celebrates 30 years serving the aviation industry Jet Professionals, a US-based global aviation staffing company, is celebrating its 30th year in business. Jet, originally based in Shelton CT, was created in 1983 by a pilot and hi...
New regional director Europe for Hong Kong Trade Development Council On 1 March 2013, Stephen Wong will take over the position of regional director Europe of the Hong Kong Trade Development Council (HKTDC) in Frankfurt am Main (Germany). In this cap...
JAL Group airlines were number one for on-time arrivals in 2012 Two JAL Group airlines received the highest recognition for their on-time performance in 2012. The rating was done by FlightStats, an independent aviation performance-tracking comp...
Groupe Eurotunnel to challenge competition commission's provisional findings The EU's competition commission has announced its provisional findings in relation to the acquisition by GET SA of assets previously owned by SeaFrance and the creation of a new co...
Airbus reconsiders battery use After the concerns over the lithium-ion batteries that lie at the heart of the current Boeing B787 Dreamliner issues, the comparable Airbus A350s will use traditional nickel-cadmiu...
Rhenus Contract Logistics receives AEO certificate for all locations in Switzerland The Swiss Federal Customs Administration awarded the authorised economic operator (AEO) certificate to Rhenus Contract Logistics, a member of the German Rhenus group, on 13 Februar...
DB Schenker sets up Swarovski's first regional distribution centre in Singapore Swarovski, the world's leading producer of cut crystal, genuine gemstones and created stones, has chosen Schenker Singapore (Pte) Ltd to set up its first regional distribution cent...
Blue Dart Express expands activities in India Blue Dart Express opened a new office and service centre in Jodhpur, in northwest India on 20 February. DHL's domestic Indian subsidiary said the new facility would strengthen its ...
Leadership shuffling shakes Hanseatic Lloyd A MAJOR leadership shuffle at Bremen shipowner Hanseatic Lloyd today fuelled speculation about its coming restructuring
'Merciless' bloodshed warned for Panamaxes PROSPECTS for charter Panamax box ships are quickly deteriorating, London shipbroker Howe Robinson warned today
Navios raises tanker cash NYSE-listed Navios Acquisition today reported three equity offerings expected to generate gross proceeds of $100.5M
Greeks hold 52 in migrant smuggling cases GREEK officials are holding 52 people in connection with migrant smuggling attempts during the past week
Moroccan sentences spark ITF outrage A MOROCCAN court has sparked outrage by sentencing five men arrested after a port conflict
Zhuhai unveils share plan SHENZHEN-listed Zhuhai Port said it plans to allot 186,298,607 shares to its original shareholders within six months
Gujarat Pipavav's profits grow by 33% GUJARAT Pipavav today reported 33% year on year growth in net profits for its October-December 2012 quarter
Ezion's 2012 profits rose 36% y/y SINGAPORE-listed Ezion Holdings said today its net profits for 2012 grew 36% year on year
Safe Bulkers embroiled in newbuilding dispute NYSE-listed Safe Bulkers is demanding a full refund from a Chinese yard for a Capesize newbuilding, alleging "excessive construction delays"
Tax might frustrate Beijing's register push CHINA's tax authorities are implementing a new tonnage tax this month
Conversion deal awarded COSCO (Dalian) Shipyard today said it has won a VLCC conversion contact from Brazil's EEP
COSCON seeks more box rate rises COSCON said today it plans to seek a rate increase of at least $500 per teu for some cargoes, starting next month
Ship towed to safety A DRIFTING general cargo ship is being towed to safety today after a week of danger for its 16 seafarers
Cochin Terminal Gains Zim Asia-Europe Call Zim Integrated Shipping Services said it will add a weekly call at the Port of Cochin, India, in March to its independent Asia-Med-Europe Service, known as the AME service. The call brings the number of mainline services at Cochin's new private container facility, Vallarpadam International Container Transshipment Terminal, operated by DP...
Q&A: Fine-Tuning Carrier Liability Q: We have an agreed FAK ("freight all kinds") rate with a motor carrier at Class 70, and have been shipping under this agreement for some time without problem. Recently, though, a load arrived with damage. We documented the damage and filed a claim with the carrier for the dollar amount...
Logwin Sees Growth in Eastern China-Vietnam Trade Logwin witnessed record growth on its Eastern China to Vietnam trade lane in 2012 across a range of industries. "Our customers from industries as diverse as IT hardware, computers, furniture and garments are now moving raw materials, components through Eastern China to Vietnam for assembly," said Tomas Sonntag, managing director of the...
'Project Honeygate' Stings Alleged Anti-Dumping Duty Evaders U.S. Immigration and Customs Enforcement's Homeland Security Investigations-led investigation, known as "Project Honeygate." Five individuals and two domestic honey-processing companies have been charged with federal crimes in connection with a U.S. Immigration and Customs Enforcement's Homeland Security Investigations-led investigation, known as "Project Honeygate," regarding illegal imports of honey from China. The charges...
Cathay Pacific Begins Operations at New Cargo Terminal The first consignment of air freight, carried by flight CX138 of Cathay Pacific from Sydney, arrived at the Cathay Pacific Cargo Terminal.Cathay Pacific Services today began the first stage of operations at the new Cathay Pacific Cargo Terminal at Hong Kong International Airport. The first consignment of air freight, carried by...
Report: Canada's Truck Driver Supply-Demand Gap 'Could Be Costly' The gap between the supply of drivers and the demand for them could be costly to the Canadian economy, according to a Conference Board of Canada report. The study found that the expected gap between the supply and demand of drivers is 25,000 by 2020, but it could exceed 33,000. It...
Hapag-Lloyd to Hike East Asia-Red Sea Rates Hapag-Lloyd will increase rates for all cargoes and container types from East Asia, excluding Japan, to the Red Sea, by $500 per 20-foot-equivalent unit, effective March 15. The Red Sea includes the ports of Jeddah, Saudi Arabia; Aqaba, Jordan; Ain Sukhna, Egypt; Port Sudan, Sudan; and Al Hudaydah, Yemen. The ocean carrier...
GCT to Add Terex Container Carriers in Bayonne Terex NSC 624 E sprinter carrier.In 2013, Terex Port Solutions will supply 17 Terex NSC 624 E sprinter carriers to Global Container Terminals for its operations in Bayonne, N.J. The diesel-electric sprinter carriers will transfer containers between the quayside and the container stackyards. The 1-over-1 carriers can travel up to about...
Survey: Most Shippers Want to Cut Costs Via E-Invoicing More than 80 percent of ocean shippers are looking to cut costs through e-invoicing in 2013, according to a survey of high-volume shippers and freight forwarders by INTTRA. The study by the ocean shipping network also found that 77 percent of the shippers rated "managing disputes" as their greatest invoicing challenge,...
Montreal Port Employers, Dockers Sign Six-Year Accord The Maritime Employers Association and longshoremen in Canadian Union of Public Employees Local 375 have signed a six-year collective agreement. The memorandum of agreement signed by both parties on Jan. 4, 2013, was presented to union members attending the union meeting on Feb. 20. The deal focused on workload flexibility and job...
Strike Shuts India's Jawaharial Nehru for Second Day ontainer terminals in India's Port of Jawaharlal Nehru (Nhava Sheva) remained closed on Thursday as local dockworkers continued to participate in a 48-hour nationwide general strike called by major trade unions. The two-day stoppage, protesting the union government's labor policies, was scheduled to end at midnight. "There are no activities inside the...
Shapiro Names Burdette Strategic Development VP Robert Burdette, Samuel Shapiro & Company's new vice president of strategic development.Samuel Shapiro & Company has promoted Robert Burdette to vice president of strategic development at its headquarters in Baltimore. Burdette joined the logistics company in 1999 as regional director of sales, and currently oversees the company's sales, marketing, pricing and...
Liebherr Debuts Double Boom Ship-to-Shore Crane Liebherr's new double boom ship-to-shore crane at Grup TCB's TCEEGE container terminal in Turkey.Liebherr Container Cranes has introduced a double boom ship-to-shore crane at Grup TCB's TCEEGE container terminal in Nemrut Bay in Aliaga, Turkey. Until now, in order to service container vessels on both sides of the 360-meter-long (about 1,181-foot-long)...
Matson Logistics Opens Distribution Center in Savannah Matson Logistics has opened a new distribution center in Savannah, Ga. "Our new operation expands on our ability to move retail goods in through the Port of Savannah," said Mark Ferzacca, assistant vice president of sales for Matson Logistics Warehousing, in a written statement. The company has contracted for 65,000 square feet,...
WCI: Eastbound Trans-Atlantic Rates Remain Flat Trans-Atlantic eastbound and westbound rates remained flat this week, according to the latest release of the World Container Index. World Container Index Rates Between New York and RotterdamSource: WCI For a larger version of the chart, click the image.Rates from New York to Rotterdam slipped $1, or 0.05 percent, per 40 foot...
UPS Triples Worldwide Expedited Service Coverage UPS has tripled the coverage area of its UPS Worldwide Expedited air service for international shipments. The service now provides delivery in two to five business days to more than 220 countries and territories, the company said. "Companies that expand beyond their domestic borders are better insulated from economic downturns at home,"...
WCI: Backhaul Rates Largely Unchanged Backhaul east-west container rates were largely unchanged this week in the Europe-to-Asia and trans-Pacific westbound lanes after slipping in both lanes the week before, according to the latest release of the World Container Index. World Container Index Rates to ShanghaiSource: WCI For a larger version of the chart, click the image.Europe-to-Asia eastbound...
Denmark Forwarder DSV Forecasts Flat Volume This Year DSV forecast flat transport volumes in a weak global economy will cap earnings this year as the Danish freight forwarder and logistics group's 2012 profit fell short of market expectations. Operating profit before interest, tax, depreciation and amortization edged up to 3 billion Danish kroner ($530 million) in 2012 from 2.98...
New Penn's Gast 'Optimistic' for 2013 At the Lebanon, Pa., headquarters of New Penn, President and CEO Steve Gast discusses the outlook for LTL trucking and his Northeast regional trucking company in 2013, Gast says he is "frankly optimistic" about New Penn's prospects this year, as the economic recovery trends toward stable growth. Contact William B. Cassidy...
APL behemoths to improve NOL numbers That is the view of Asia Pacific specialist research analysts Macquarie ahead of Singapore-headquartered Neptune Orient Lines' full-year results on Friday. It expects ...
Master Line at Port Manatee March 8, 2013 will see the niche US Gulf ports to Venezuela and Colombia carrier Doral, FL-headquartered Master Line put down roots at the Florida Gulf port of ...
China Merchants expects US to approve Terminal Link deal China Merchants (Holdings) International is sanguine about the US authorities approving the port assets it recently acquired from
Pedersen steps up at Geodis Wilson Effective March 1, 2013, Kim Pedersen has been appointed executive vice president of French SNCF logistics arm Geodis Wilson.Pederson [47] also becomes a member ...
Indian strike into second day A strike called by India's trade unions in protest over the government's economic 'big bang' reforms entered its second day today with port movements at its largest ...
GLNG in the lead Golar LNG has emerged as the preferred bidder in a tender tied to the Jordan LNG floating storage and regasification unit (FSRU) project.
Tugs to aid grounded bulker Authorities in Argentina are struggling to free a Pegasus Maritime handymax that grounded in the Parana River Wednesday morning.
Who won the P&I race? As the deadline passed to renew protection and indemnity cover this week there were big winners and losers in the tonnage stakes.
TGP hungry for more Teekay LNG Partners is in no mood to call time on its recent expansion drive into the thriving LNG sector.
PNSC pushes up profit Pakistan National Shipping Corporation (PNSC) has seen profit soar in its second quarter as costs fell.
Navios bags $100m Navios Maritime Acquisition has bagged a shade over $100m from a series of stock offerings.
Concordia hit by spot Concordia Maritime has seen its fourth quarter earnings hit by its rising exposure to the spot market.
TNK eyes expansion Teekay Tankers is ready to move for cheap newbuildings or second-hand vessels despite its fourth quarter loss growing.
Harry happy with Q4 StealthGas has turned in what CEO Harry Vafias says is the company's best quarterly result in four years.
Teekay Corp misses Teekay Corp has reported in a weaker than expected set of fourth quarter numbers.
Cargoship hits the side A German cargoship has been pulled off a breakwater in Australia after losing power.
Farstad fight flares again A dispute over a fatal fire on a Farstad platform supply vessel more than a decade ago has become the subject of a new legal battle despite an out of court settlement of the core claim.
Marco the big winner Singapore-listed Marco Polo Marine is in prime position to take advantage of Indonesia's cabotage law which has seen around a fifth of modern AHTS tonnage forced out of the country, analysts say.
PRGN's waiting game Paragon Shipping will resist the temptation to jump at fresh period business despite the majority of its fleet coming off contracts this year.
30 days to save Sietas A decision on whether to liquidate insolvent German shipyard JJ Sietas has been delayed to give it more time to win two new orders it has been pursuing.
Serco buys out P&O UK shipmanager Serco has taken full control of Australian marine services group DMS Maritime.
Reefer crewman lost The US Coast Guard (USCG) has called off a search for a reefer crewman lost overboard off North Carolina.
Energy back at Cosco Cosco Corp (Singapore) has added a $200m deal to its growing offshore orderbook.
Pirates nabbed A Dutch warship has arrested nine suspected Somali pirates off the town of Eyl.
Sembcorp margins curbed Sembcorp Marine has seen its bottom line chopped in the final quarter despite a big surge in sales.
Baby on board... A Canadian ferry had to turn back to port after a mother was left behind with her baby already on board.
Cosco Sing slumps Blues in the bulk market and declining returns from its shipbuilding wing have dragged down profit at Cosco Corp (Singapore).
Bauxite crew "trapped" Survivors of the Harita Bauxite sinking have revealed some of the missing crew were trapped in the engine room when the vessel went down off the Philippines.
Market expects better A stronger showing from Maersk Line should lead AP Moller-Maersk to a more hefty fourth quarter profit tomorrow, analysts believe.
Bergen thinks big Bergen Group has teamed up with Australian giant WorleyParsons in a move that will allow it to take the next step in its quest to become a major player in the Norwegian oil and gas industry.
Hanjin loss narrowing Hanjin Shipping CEO Kim Young-min is expecting a narrower loss in the first quarter as US-Asia demand recovers.
Safe to bank less Chopping of three charters has seen Credit-Suisse lower its profit forecast for Safe Bulkers.
Red rain for STX PO Korea's STX Pan Ocean has revealed a big increase in its 2012 loss as volumes fell and fuel prices jumped.
Zhenhua's order boost China's Shanghai Zhenhua Heavy Industries (ZPMC) has secured new vessel orders worth a combined $367m.
Costs dent Floatel Floatel International has swung to a loss in the fourth quarter as operating costs at the company escalated.
Daewoo wins Statoil rig Korea's Daewoo Shipbuilding and Marine Engineering said on Thursday it will build a new fixed platform for Statoil.
NOF back in the black Northern Offshore has returned to profit in the fourth quarter on the back of better rig utilisation and charter rates.
Japan imports inch up Japan's LNG imports continue to increase with volumes coming into the country reaching a new record in January.
NLNG 'picks' bankers Nigeria LNG (NLNG) has reportedly selected two banks to source $1.6bn in loans for its planned LNG newbuilding program.
Ezion profits double Ezion Holdings has seen a blockbuster fourth quarter with net profits almost doubling from a year ago.
Safe cans one, buys two Safe Bulkers has confirmed that it has cancelled a capesize newbuilding citing "excessive delays" as the reason for the decision.
Safe charters chopped Safe Bulkers has had three long-term time charters cancelled prematurely and the ships returned to the shipowner.
Baltic swings to loss Baltic Trading has booked a loss for the fourth quarter due to the weaker freight rate environment.
Genco flatlines in the fourth Genco Shipping & Trading turned in a fourth-quarter deficit Wednesday that was deeper than many forecasters had feared.
Grounding paralyses Parana A woodchip carrier controlled by Pegasus Maritime of Japan has grounded in the Parana River.
Longshore clerks approve contracts with LA/Long Beach employers Late Wednesday the OCU bargaining units voted and agreed to ratify the terms of tentative agreements reached with the Harbor Employers Association member companies on Dec. 4, 2012.
Energy report weighs benefits of alternative fuels When exploring alternatives to gasoline and diesel, carriers have to consider the benefits of fuel economy versus the cost of onboard energy storage and fuel density, the U.S. Energy Information Administration said.
New Website connects C-TPAT, AEO compliant shippers
Analysis: Va. looks to user fee-alternatives for highway funding Virginia Gov. Bob McDonnell's proposal to scrap the state gas tax in favor of a dedicated hike in the sales tax has the legislature on the verge of passing a transportation funding bill for the first time in many years.
U.S.-flag carriers, unions alarmed by possible changes to food aid programs "Any move to eliminate these important U.S. commodity donation programs would be shortsighted, ineffective, and could ultimately jeopardize national security and merchant mariner jobs," warned the USA Maritime chairman.
Va. official insists Gov. McDonnell has power to privatize port
U.S. importers charged in 'honeygate' investigation
Trailer Bridge increases marine fuel surcharge Increase a result of the recent rise in cost of marine fuel.
Fujairah terminal officially opens next week Terminal began operations last month.
Tight avails in Fujairah Prices follow softer trend in other key bunker hubs.
Market goes quiet in Rotterdam Prices fell at Europe's main bunkering hub on Thursday.
Ship visits to Rotterdam fall Port authority says it has examined by-laws 'with an eye to the coming of LNG as fuel for shipping'.
New trader for Dan-Bunkering Joins company at HQ in Middelfart.
Study finds evidence of rule-breaking in ECAs Price of low sulphur fuel a motivating factor.
Lower bunker prices 'only way' out of the doldrums Bunkering companies may have taken the role of 'banks' but shipping industry has become 'cash flow managers' struggling to cover escalating fuel costs.
Japanese whalers face questions over IFO Australia's environment minister says report of a breach of the Antarctic Treaty is a 'very serious issue.'
Korean shipowner's losses spiral Bunker prices play part in widening losses.
German banking facing risk from ship finance Robust economic activity had helped the German banking system cope, said a Bundesbank official.
Tougher sulphur limits in bunker fuel will boost catalyst demand Several developing countries to implement low sulphur regulations, says report.
Fuel oil stocks climb on strong arbitrage volumes Pick-up in demand from Chinese 'teapot' refiners.
Asia bunker prices still sliding down Singapore's price of benchmark 380 cSt bunker fuel dropped $8.00 to average at $647 pmt.
Concord Energy completes sale of share in UAE oil terminal Deal reflects an 'increasing outbound investment from Asia', says Philip Thomson.
Japanese whaler 'rammed' activist vessels after bunkering Reports claim Japanese whaling vessel struck two Sea Shepherd ships.
Ghana increases domestic bunker prices Subsidies for fuel oil and MGO remain in place.
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