New rail yard to improve vital link in USA's national freight network The Californian port of Los Angeles broke ground for a new intermodal storage rail yard that will function as a critical link between the port itself and the Alameda Corridor by pr...
Toyota will replace Hiace van with Proace The Japanese vehicle manufacturer Toyota will return the company to the heart of the medium duty van market later this year when it introduces the new Proace. The new model has bee...
Pemco's Tampa base celebrates 500th redelivery Pemco World Air Services, a Tampa FL (USA)-based aircraft maintenance and engineered service provider, as well as a world-leading passenger-to-freighter converter (second only to ...
Fuso wins major orders for 650 trucks in Malaysia and Australia Malaysia's leading waste disposal company SWM continues to rely on Fuso as it is to purchase 466 new trucks. This makes SWM into Malaysia's largest operator of Fuso trucks. Austral...
Hupac announces 2012 results In 2012, the Swiss intermodal transport operator Hupac transported a total of 646,214 road shipments by rail, a decrease of 10.7% compared to the previous year. The decline was cau...
Good finish for AAT Hong Kong's Asia Airfreight Terminal Co Ltd (AAT) handled 68,252 t of cargo in December 2012, 11% more than in the same month in 2011. AAT's throughput for the whole of 2012 amount...
Heathrow Airport Holdings selling Stansted airport Australian Industry Funds Management (IFM) is to take a 35.5% strategic stake in Manchester Airports Group (MAG). This follows MAG's announcement that it has been successful in its...
Pattonair makes new senior appointments in Europe Pattonair, an aerospace and defence supply chain service provider, has made a number of key senior appointments as it completes the centralisation of its European operations at its...
BBA Aviation Flight Support names new top executives BBA Aviation Flight Support has promoted Maria Sastre to president and chief operating officer of Signature Flight Support Corporation. Prior to joining Signature in 2009, Sastre s...
Shipping company Claus-Peter Offen has to sell 14 ships As a result of the current economic situation, Claus-Peter Offen, a long-standing Hamburg-based shipping company and one of the largest such entities in Germany, is in financial di...
Hoyer shouldering logistics for Huntsman The international chemical corporation Huntsman recently outsourced its polyurethane logistics at its locations in the Netherlands and Italy to Hoyer and two other forwarding compa...
DPD opens new depot in Slovakia The European parcel service provider DPD has opened a new depot in Trnava (Slovakia). Construction work on the new facility, which is equipped with modern technology to boost capac...
Hong Kong pushes for a regional ECA Shipowners and government back sulphur emissions control scheme
Pulling together Progress on environmental policy in the wake of Hong Kong's Fair Winds Charter underscores the importance of owners' engagement in public affairs
Seaspan signs $360m boxship order Japan's MOL will charter 10,000 teu quartet
Eurotunnel reports 16% annual growth in truck shuttle traffic Channel Tunnel operator waits for UK regulator to approve its purchase of ex-SeaFrance ferries
Pribor to head maritime investment banking at Jefferies General Maritime chief financial officer replaces Hamish Norton
Shipbroker offers virtual trading to box swap novices Clarksons simulator encourages sceptics to try their luck with zero risk
Grand China Logistics's legal cases rumble on Embattled carrier and parent HNA Group 'fail to honour ship lease contracts'
Earnings plummet for US-bound VLCCs Domestic oil boom keeps brakes on imports
Sammy Ofer Group paves the way for two shipping dynasties Zodiac Maritime and Tanker Pacific fleets to be rebalanced to allow for smooth transition
Deme issues bond to diversify its funding No new tonnage as dredger moves to refinance short-term debt
Moves to curb US LNG exports gain momentum Chemical producer Huntsman calls for cap on shipments to maintain cheap supply
CSICL wins $2.7bn orders in two months New contracts struck since late November generate 29% of 2012 annual revenue
Fincantieri kicks off cash offer for remaining shares in STX OSV Shareholders to be offered the price STX Group received for 50.75% stake
MOL to test ballast water treatment 'in a box' Container-sized unit to be placed in a ship's hold, reducing installation time and saving engine room space
Ineos and Evergas reap rewards of US shale gas boom Chemical manufacturer and Danish shipowner sign 15-year deal to ship US ethane to Europe
A revived ministry South Korea's president-elect is planning to restore maritime authority to a single agency
Buss receives eco-feeder Feedership and sisters to be delivered to Maersk Line subsidiary MCC Transport
Euronav posts $31m fourth-quarter loss Belgian tanker owner sees January uptick in China demand, but is cautious about 2013
Scorpio extends product tanker newbuilding spree Product specialist orders another fuel-efficient pair at Hyundai Mipo
Safmarine MPV appoints Royal Burger as full liner agent Deal covering Belgium and the Netherlands follows business spin-off
Avoid a fire sale The impact of a surge of ships into the sale and purchase market would be horrendous
Chinese yard wins LPG carrier order Wuhan Nanhua Huanggang Jiangbei inks deal for up to two 4,600 cu m tankers
Getting back to basics Shakeout could help shipping to rid itself at last of greedy short-termers
Seaspan continues newbuildings BOX SHIP owner Seaspan said today it has signed contracts to build four 10,000teu vessels at a Chinese shipyard
Unlimited US LNG exports challenged NEW LNG carrier capacity could become dangerously exposed to mounting opposition to unlimited US natural gas exports
Hamburg shippers protest Elbe barge inefficiency SHIPPERS, barge and intermodal operators in Germany today called for urgent improvements to Hamburg's inland barge connections
EC investigates Portugal's aid to shipyard THE EC said today it is investigating Portuguese government shipyard aid, estimated at more than €180M ($240M) since 2006
Finnish fuel help approved FINLAND'S scheme to help its shipowners comply with the approaching 0.1% marine fuel sulphur limit has won EC approval
Nam Cheong proceeds with notes offer MALAYSIA'S largest OSV builder Nam Cheong it has received in-principle approval for listing of up to 190M new ordinary shares at SGX-ST
Taiwan's TMT seeks loan renegotiation TAIWAN'S TMT has reportedly applied to its banks for deferment of its repayment of about $800M
Taiwan's mainland investments fall 16.61% TAIWAN'S government said the island's investment in mainland China fell to $10.9Bn in 2012, 16.61% below 2011's total and the lowest level in three years
Chinese offshore yards' threat seen as 'limited' CREDIT Suisse today called the near-term competitive threat from Chinese offshore yards "limited," placing its preference with Singapore yards
CSISL bags $2.7Bn in orders SHANGHAI-listed CSICL said today it has bagged orders worth 16.9Bn yun ($2.7Bn) since end-November 2012
Euronav's losses deepen BELGIAN-listed, Antwerp-based tanker operator Euronav said losses deepened in the fourth quarter of last year
Vehicle exports fall EXPORTS of vehicles fell in the final quarter of last year, although sales in China accelerated the overall market, a shipping analyst said
Fincantieri's STX OSV deal completed ITALIAN shipbuilder Fincantieri said today it has completed its acquisition of 51% of shares in Norwegian offshore vessel builder STX OSV
BHP boasts record ore cargoes NEW SHIP loaders installed at BHP Australian ports in the Pilbara have lifted the miner's exports of iron ore by 10%, according to port statistics
Newcastle coal shipment rise COAL shipments from Newcastle edged forward in the latest week, continuing a solid start to 2013
China's Vehicle Exports Top One Million Units China's vehicle exports hurdled the one million unit barrier for the first time in 2012 as sales abroad increased 29.7 percent, according to the China Association of Automobile Manufacturers. Last year saw some manufacturers divert their attention from the slowing domestic market, where total sales increased by just 4.3 percent year-on-year...
Nomura Economist: Asia Export Outlook Positive Asia excluding Japan's total export growth slowed from 5.9 percent year-on-year in October to 3.4 percent in November, according to the latest index aggregate export index from Nomura. But while December data are sending mixed signals, the forward outlook is positive, according to Robert Subbaraman, chief economist for Asia ex-Japan. "Taiwan's exports...
Maersk to Raise India-West Africa Rates Maersk Line will put a general rate increase into effect Feb. 1 on shipments from India to destinations in West Africa. The proposed increase will be $150 per 20-foot container and $300 per 40-foot container. "While we are continuously endeavoring toward serving customers to the best of our capabilities, current rates are...
Demand for Industrial Real Estate on the Rise Demand for industrial real estate continues to strengthen, but modest economic growth will continue to affect the sector nationally for at least another year, according to commercial real estate services firm Cushman & Wakefield's 2013-2016 Industrial Forecast Report. "The U.S. economy remains stalled in low gear, and this may not change...
CREATE Program Faces Funding Challenge OAK BROOK, Ill. - A major initiative to reduce rail congestion in Chicago, the nation's largest cargo hub, received funding last year for the majority of its new projects. But the public-private partnership still needs hundreds of millions of dollars to take on a project that is arguably the largest...
Damco Moves Headquarters, Changes Management Freight forwarding and supply chain management company Damco will move its headquarters from Copenhagen, Denmark, to The Hague in the Netherlands in February, and will also implement several senior-level management changes. Steffen Schiottz-Christensen became CEO of Damco's Africa and Middle East region on Dec. 1, 2012, after having spent more than...
JSC TransContainer's Board Approves Strategy Russian intermodal operator JSC TransContainer's board of directors has approved the company's strategy until 2020. The board confirmed that the strategic goal of the company is to increase capitalization by means of improving the scale and efficiency of its businesses. It also affirmed the business model of the company as a...
US Fab to Build Deck Barge for Harley Marine Services 250' x 70' x 15'8'' deck barge. US Fab, a Vigor Industrial company, will begin construction on a deck barge for Harley Marine Services at Vigor's Swan Island shipyard in Portland, Ore. The barge was designed by Jensen Maritime Consultants to transport a wide variety of cargo between Dutch Harbor and Akutan...
Port Everglades FTZ Ranked Top Exporting Foreign Trade Zone Port Everglades' Foreign Trade Zone No. 25 in Florida was ranked as the top foreign trade zone in the U.S. for exports (warehousing and distribution activity) in 2011, according to the Foreign-Trade Zones Board's 73rd annual report to Congress. The report showed that FTZ No. 25 experienced a 68 percent increase...
VPA Mulls Two Options: Privatize or Reorganize The board of the Virginia Port Authority has set a date of March 26 as the deadline for determining the future of VPA's terminals on Hampton Roads. At its board meeting Tuesday the directors of the state-owned port agency set that date to decide on one of two options: They will...
Christchurch Orders Straddle Carriers Liebherr's SC350T straddle carrier. Liebherr Container Cranes has announced receipt of an order for four SC350T straddle carriers from Lyttelton Port of Christchurch in New Zealand. The crane company said straddle carriers are scheduled for delivery in mid-2013. They stack 1-over-2 high and are supplied with a 50-ton twin lift spreader. The straddle carriers will...
Traffic Club of Chicago Names 2013 Board Officers, Directors The Traffic Club of Chicago has elected new officers and directors to serve on the 2013 board of governors. The election was held in December at the members' annual holiday reception. The transportation association named Eddie Beard from Ark Logistics as president, Craig Boroughf of USG Corporation as vice president, Lynn...
Novorossiysk Commercial Sea Port Sets Cargo Record Novorossiysk Commercial Sea Port handled a record 158.9 million metric tons at its Black Sea and Baltic ports in 2012, a 1.2 percent increase on the previous year. Container traffic remained modest by European standards, growing 4.4 percent to 623,700 20-foot-equivalent units. The London-listed company owns the Russian port Novorossiysk on the...
Study: Reducing Supply Chain Barriers Could Increase Global GDP Reducing supply chain barriers could increase global GDP and world trade much more than reducing all import tariffs, according to a report released today by the World Economic Forum in collaboration with Bain & Co. and the World Bank. "Enabling Trade: Valuing Growth Opportunities," found that if all countries reduce supply...
Truck Tonnage Rose 2.8 Percent in December The American Trucking Associations today reported that its seasonally adjusted For-Hire Truck Tonnage Index increased 2.8 percent in December, after jumping 3.9 percent in November (revised). The back-to-back increases in November and December were the best gains in 2012. Consequently, the seasonally adjusted index was 121.6 in December, versus 118.3 in...
European Commission Approves Finland Ship Fuel Initiative The European Commission has found amendments to an existing Finnish scheme supporting investment in cleaners ships comply with the European Union's state aid rules. The amendments aim to give shipowners incentives to use less polluting fuel, ahead of the implementation of similar EU standards. "This Finnish scheme demonstrates how the current state...
Canaveral Port Authority Elects Weinberg Chairman (L-R) Vice Chairman Jerry Allender, Commissioner Bruce Deardoff, Secretary/Treasurer Frank Sullivan, Commissioner John H. Evans and Chairman Tom Weinberg. The board of commissioners for Canaveral Port Authority in Florida has unanimously elected Tom Weinberg chairman for 2013. Weinberg is the former chief of staff for past Florida Sen. Mel Martinez. Jerry Allender, a...
European Commission Investigates Aid for Portuguese Shipyard The European Commission has opened an investigation into whether some public support measures granted by Portugal in favor of the shipyard Estaleiros Navais de Viana do Castelo comply with European Union state aid rules. In a preliminary assessment by the commission, it appears that ENVC may have benefited from several aid...
Norfolk Southern's Profit Lower for Quarter, Year Class I railroad Norfolk Southern Railway reported income in the fourth quarter of 2012 was $413 million, declining 14 percent from $480 million in the fourth quarter of 2011. "While the fourth quarter reflected declines in coal shipments, we also saw steady intermodal volume gains coupled with improved volumes in our...
UK Allocates $3.6 Million to Tackle Piracy The U.K.'s Foreign & Commonwealth Office Minister Alistair Burt has specified how the department's maritime security funds will be spent this financial year. The funding for the United Nations Office on Drugs and Crime, which works with the U.K. to deliver capacity building assistance, totals £2.25 million (about US$3.6 million). It includes...
Stanzel is WISTA woman of the year Intertanko MD Katharina Stanzel has been named as WISTA (Women's International Shipping & Trading Association) Global Personality of the Year. The ...
Fos boxes ahead by 16% The Fos deep water box terminals at Marseilles processed a record 815,000 teu in 2012 - 15.7% higher than in the previous year - as the French port started to gain ...
Lines announce surcharges on Asia-Europe Major carriers on the Asia-Europe trade are preparing to implement peak season surcharges (PSSs) before the end of the month, having increased spot rates as recently ...
100 feeders in long-term lay-up According to the latest report compiled by Lloyd's List Intelligence [LLI] there are currently 333 containerships idled, representing 6.6% of the global cellular ...
US trucking index up 2.8% in December The American Trucking Association's [ATA] seasonally adjusted For Hire Truck Tonnage Index climbed by 2.8% in December after jumping by a revised 3.9% in the previous ...
Bank boxship fire sale: the iceberg's tip? Hamburg is generally cold at this time of year and the Alster Lake is often frozen, but there is an especially cold wind blowing through the port city this winter ...
Buss receives eco-feeder German KG house, Buss Capital, through its charter company Buss Shipping, has taken delivery from the Chinese Wenchong Shipyard of the first in a series of three ...
NewLead in nickel pickle? Industry insiders are starting to question the new direction of NewLead Holdings on the back of a bizarre investment that appears to have preceded the abrupt exit of chairman Nicholas Fistes.
Tough to swallow Equity analysts were scratching their heads Wednesday after Seaspan surprised the market with a newbuilding deal that hinges on the acquisition of four second-hand containerships.
Vroon completes hat trick Vroon has returned to China for another subsea support vessel newbuilding.
Pac Basin ramps it up Pacific Basin Shipping has tapped its huge war chest for almost $50m to fund swoops for three ships, it is claimed.
Norton lauds Pribor Veteran General Maritime (Genmar) chief financial officer Jeffrey Pribor is leaving his post to become the new head of investment banking at New York's Jefferies.
Goodbye Tahiti Denmark's Maersk Line is suspending its containership service from New Zealand to French Polynesia.
Seaspan swoops for more Seaspan has splashed out on its second newbuilding order in the space of a week and has swooped for four secondhand ships.
Bunker build closer Sweden's White Smoke Shipping is in talks to build its new combined LNG and oil bunkering tanker in Turkey.
Siem leads from the front Siem Offshore is hoping that other owners follow its lead by pulling large anchor handlers out of the weak North Sea spot market.
Season starts badly Euronav's weak fourth quarter numbers appear to spell bad news for other listed crude tanker owners in what was never expected to be a happy earnings season for the sector.
Europe probes ENVC aid The European Commission (EC) is investigating Portugal's ENVC shipyard over state aid.
Siem lays up large AHTS A weak North Sea spot market has forced the first high end anchor handling tug supply vessel into lay-up, brokers say.
Fatal misjudgement An ER Offshore crewman was killed on a supply ship after using a rescue craft as a platform for paint repairs, a UK accident report found.
Snohvit shut-down blow Closure of Statoil's Snohvit plant for a few weeks is bad news for the LNG spot market, a leading analyst says.
Profit hope for OOIL Disappointing trading numbers from Orient Overseas International will not stand in the way of a strong full-year showing from the Hong Kong-listed container line, Citi say.
L&T adds 18 India's Larsen & Toubro has clinched an order to build 18 interceptor ships for the country's coast guard.
Evergas fixes newbuilds Jaccar-owned Evergas has sealed 15-year charters for a quartet of LNG newbuildings it has contracted in China.
Japanese trio charged Three members of a Japanese shipping agency have been arrested after allegedly falling foul of sanctions against Iranian state shipowner Islamic Republic of Iran Shipping Lines (IRISL).
Kimitsu gets first Valemax Kimitsu has become only the second port in Japan to receive Vale's new generation of Valemax bulkers.
Costa crewman dies An Indonesian seafarer has been killed in a fall down a ventilation shaft on a Costa Cruises vessel off Argentina.
Salamon sells only VL German KG owner Salamon looks to be departing the VLCC sector.
Jasper officers jailed The captain and first mate of a Turkish cargoship involved in a fatal collision off France have been jailed for manslaughter.
Fincantieri wants it all Fincantieri has launched its bid for total control of STX OSV in a move which could take the offshore shipbuilder away from the Singapore Stock Exchange.
Brila tanker freed Owners of a small tanker hijacked off the Ivory coast earlier this month have confirmed that the ship has been released.
CSSC rejigs yard shares China State Shipbuilding Corporation (CSSC) is restructuring its yards with a share hand-over.
Tirrenia also selling A second Italian ferry owner is cutting capacity on routes to Sardinia after an antitrust ruling.
CSC stays at home Azerbaijan's Caspian Shipping Company (CSC) is planning to order new ships domestically for the first time.
Jiangbei books LPG deal China's Wuhan Nanhua Huanggang Jiangbei Shipyard has contracted a newbuilding LPG carrier.
Scorpio adds a pair Scorpio Tankers has returned to Hyundai Mipo Dockyard to order another two 50,000-dwt MR tankers
Euronav fights fuel costs Euronav has accelerated efforts to cut fuel costs in the months to come on the back of a quarter in which it turned in a loss of $31m.
Tanker mystery reignites Questions about a mysterious sale-and-purchase deal resurfaced Tuesday after Euronav confirmed reports that it torched a time charter tied to a VLCC that changed hands late last year.
USPS could increase revenue with government shipping The Postal Service has been losing out on these contracts to FedEx and UPS. The GSA has had shipping contracts with USPS since May 2009, while FedEx and UPS have been on board since 2001.
U.S. Lakers keep political pressure on dredging
Armed thieves steal pharmaceuticals
CN adds intermodal capacity Canadian National Railway is investing in two intermodal facilities in the Midwest to help shippers access the West Coast ports of Vancouver and Prince Rupert. The facilities are scheduled to open in June.
Hyundai advises on ILA strike contingencies "It is not feasible to divert East Coast vessels to the U.S. West Coast, so this is not part of our contingency planning," the liner said. "Depending on the scope of the strike, however, some vessel schedules could be modified."
Containerships may be sold at auction
Drought hampers U.S. corn exports The spread between South American and U.S. corn prices is beginning to narrow as growing world demand exacerbates infrastructure constraints in those countries that make it difficult to get grains from farms to ports.
Commerce asked to fund PORTS system
DHX creates door-to-door rate product
Southern Air moves headquarters
Calculator assesses green impact of inventory reduction
Study assesses parcel shippers' vulnerability to price increases
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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