Cargonet collaborating with MacAndrews The Norwegian rail service provider Cargonet and the MacAndrews shipping company have started to work more closely together. To this end, MacAndrews has extended its short sea serv...
Canada's truck drivers criticise lack of parking places The Canadian Trucking Alliance has reported that more than 60% of all truck drivers say they routinely have trouble finding park spots and places to rest while operating in Canada,...
Trucks do 26.6 billion km on German toll roads in 2012 Heavy goods vehicles travelled around 26.6 billion km on toll roads in Germany in 2012. The distance was slightly less (-0.4%) than in 2011, even though the country's toll road net...
Aeroflot to resume B777 service Aeroflot wants to resume its Boeing B777-300ER operation today (22 February). The Russian airline suspended its services with this aircraft type after an engine shut-down incident ...
Matson Inc begins trading as MATX on NYSE The separation of Matson and Alexander & Baldwin Inc, first announced on 1 December 2011, has been completed. Matson Inc is now a stand-alone, publicly traded company that is r...
SNCF and Indian Railways establish alliance Representatives of the French national railway SNCF and Indian Railways have decided to set up a partnership. The agreement will initially last until 2020. SNCF will support its In...
Saudia Cargo sets all-time record in 2012 Saudi Airlines Cargo achieved record annual results for 2012, posting total boarding figures of 516,000 t, thereby generating a 21% increase in revenue compared with 2011. The airl...
Camiel Eurlings named KLM president and CEO The KLM Royal Dutch Airlines' supervisory board has appointed Camiel Eurlings as president and CEO, with effect from 1 July. He will succeed Peter Hartman who has held this positio...
Etihad Cargo posts record January tonnage as demand grows Etihad Cargo, a division of the United Arab Emirates flag carrier Etihad Airways, posted a record uplift figure of 32,613 t of airfreight in January 2013, 27% more than in the same...
New executive vice-president at Geodis Wilson Kim Pedersen has been appointed executive vice-president of Geodis Wilson. He will head the global freight forwarding division of Geodis, from 1 March, and will also become a me...
Air Charter Service gets new group deputy managing director Air Charter Service has promoted Justin Bowman from commercial director to deputy managing director of the group, with immediate effect. Bowman will thus work more closely with ...
New managers for Panalpina Central Europe The Basel (Switzerland)-based global service provider Panalpina is filling managerial positions for the marketing, sales and ocean freight sectors in its Central Europe region (Ger...
TNT Express still in troubled waters despite slight increase in sales CEP service provider TNT Express, based in Hoofddorp (Netherlands), boosted its turnover to EUR 7.327 billion in financial 2012, a 1.1% increase compared to the EUR 7.246 billion r...
Geis opens new central hub in Slovakia The German logistics company Geis, headquartered in Bad Neustadt near Nuremberg, is strengthening its presence in Central Europe by its recent inauguration of a new central hub in ...
APM exceeds its expectations APM SAID today profits for full-2012 were $4Bn, with a reversal by its box unit pushing the group ahead of the $3.7Bn it predicted in early November
STX Pan Ocean's record losses assessed STX PAN Ocean's full-year losses blew up to a record deficit of $418.3M for 2012, sparking sharp reactions today from an analyst about implications for the drybulk sector
NOL whittles down losses NOL SAID today it whittled down net losses for full-year 2012 to $419M, from $478M in 2011
Seoul imports 16% less crude from Iran AS IRAN upgrades its nuclear centrifuges, Korea National Oil figures indicated today that Seoul's imports of Iranian crude fell last month by 16.1% year on year
APM Terminals scheme confirmed in Turkey TURKEY'S Petkim today confirmed a deal under which APM Terminals would build and operate Aegean Gateway Terminal
Impairment charge whacks Eitzen's results EITZEN Chemical ended last year with net losses of $136.3M, after taking a $70.4M impairment charge in the fourth quarter
Cancellations hurt Yangzijiang profits CHINESE shipbuilder Yangzijiang said today net profits dropped 10% year on year in 2012, to 3.6Bn yuan ($576M)
China's NTS puts brakes on $312M scheme CHINA'S New Times Shipbuilding said today it has suspended a 2Bn yuan ($312M) offshore project
Taiwan Cement to buy ships for mainland work TAIWAN Cement plans to acquire six ships through its mainland subsidiary for inland river shipping in Guangdong and Guangxi
China's chemical cabotage capacity rises 17.9% CHINA'S capacity for coastal shipping of chemical products increased by 17.9% in 2012, according to the transport ministry
India's ports start strike recovery INDIA'S ports were today limping back to normalcy, clearing pile-ups from the country's two-day general strike
Sembcorp's profits drop SINGAPORE rig builder Sembcorp Marine said its 2012 profits fell 28% year on year to S$538M ($434.5M), mainly because of conservative margin recognitions on its first drill ship
West Coast Ports Building - Overcapacity? After building the nation's largest terminals and dredging the deepest harbors, West Coast ports are facing a problem they are not used to - overcapacity. "We're well down the road to overcapacity," said Alan McCorkle, senior vice president in Los Angeles for APM Terminals. West Coast terminal operators are operating at...
NYK to Restructure Japan-Thailand-India Service NYK will restructure its Japan-Thailand-India service (HLS). After the restructure, the service will be delinked at Laem Chabang, Thailand, forming a Japan-Thailand shuttle service (LNS) and a Thailand-India shuttle service (new HLS). NYK will add a new direct call to the Port of Karachi, Pakistan, on its Thailand-India service. The shipping company will...
Port Metro Vancouver's Corridor Project Applauded Ed Fast, Canada's minister of international trade and minister for the Asia-Pacific Gateway; Robin Silvester, president and CEO of Port Metro Vancouver; and other terminal and railway partners have applauded the construction of the South Shore Corridor Project at Port Metro Vancouver. The project will separate road and rail traffic at...
Port of San Diego Advances Shore Power Plans The Port of San Diego is planning its next steps for shore power at Tenth Avenue Marine Terminal. At its monthly meeting, the board of port commissions approved a non-appealable coastal development permit to bring shore power to the marine terminal, located on San Diego's waterfront. The next step will take place...
Port of Tauranga's Container Traffic Jumps 25.5 Percent The Port of Tauranga in New Zealand reported container volume in the last six months of 2012 was 431,840 20-foot-equivalent units, jumping 25.5 percent year-over-year from 344,081 TEUs. Traffic at MetroPort, the Port of Tauranga's inland port in Auckland's industrial belt, played a pivotal role in the Port of Tauranga's container...
Maersk Adds India to Europe-Middle East Rotation Maersk Line has added Hazira, India, as a port call on its Europe-Middle East service rotation in order to enhance direct coverage of India to and from the east Mediterranean. The new westbound ME3 rotation is as follows: Pipavav, India; Hazira; Nhava Sheva, India; Jebel Ali, United Arab Emirates; Salalah, Oman;...
Cosco to Increase Rates in Central America Trade Cosco Container Lines will increase rates on all shipments from the Far East and Indian subcontinent to Panama, the Caribbean (Venezuela, Colombia and Costa Rica) and Mexico, starting March 15. From the Far East and Indian subcontinent to Panama and the Caribbean, the increase will be $700 per 20-foot container and...
LA to Begin Environmental Study of Yusen Terminals Project The Los Angeles Harbor Commission has approved a resolution initiating an environmental impact statement and report on a proposed berth and wharf improvement project by Yusen Terminals. The first step in Yusen Terminals' proposed plan is to deepen and improve its terminal facilities to accommodate next-generation vessels and increase cargo volume...
NRF Applauds OCU, Employers for Contract Ratification The National Retail Federation has applauded the new contract between the International Longshore and Warehouse Union Local 63 Office Clerical Unit and the Los Angeles/Long Beach Harbor Employees Association after the union's ratification of the accord. "This contract will bring much-needed stability to the supply chain, better position the ports for future...
Air France-KLM Cargo Loss Soars Air France-KLM's cargo operating losses more than tripled to 222 million euros ($293 million) in 2012 from 60 million euros a year earlier even as Europe's largest scheduled freight airline cut capacity in line with falling global traffic. The Franco-Dutch carrier's strategy started to pay dividends in the final quarter as...
APL's Rates Between India and the US, Canada to Rise APL will increase rates on all containers in its trade from India to Canada and the U.S., excluding Puerto Rico, effective March 15. The increase will be $320 per 20-foot container, $400 per 40-foot container, $450 per 40-foot high-cube container, $505 per 45-foot container, $575 per 48-foot container and $640 per...
Insurers See Shift in Piracy, Stable Truck Thefts Global insurance companies that provide cargo risk coverage are starting to see a growing number of claims for losses due to piracy at sea off West Africa. "Piracy is waning around Somalia but is increasing around Nigeria," said John Barnwell, global marine product leader for Allianz Global Corporate & Specialty in...
Post-Chinese New Year SCFI Rates Weaken The Shanghai Containerized Freight Index dropped after the Chinese New Year holiday break, according to the data issued the Shanghai Shipping Exchange. The rate decline of the two westbound trade lanes was in the triple figures. During the week ending Feb. 22, rates to northern Europe fell 7.8 percent or $102 per 20-foot...
Burgoyne Named President, CEO of Ceres Terminals W. Patrick Burgoyne, Ceres Terminals' new president and CEO.NYK Group Americas has named W. Patrick Burgoyne president and CEO of its subsidiary Ceres Terminals, effective April 1. Since 2010, Burgoyne has served as president and CEO of Yusen Terminals, NYK Group's other subsidiary. He will retain this role going forward and...
Star Asia International Opens North Carolina Office Steve Rand Jr., Star Asia International's recently appointed station manager at the new Charlotte, N.C., office.Star Asia International has opened a new office in Charlotte, N.C. The Atlanta-based logistics and transportation company's Charlotte office will be managed by Steve Rand Jr., who has more than 10 years of industry experience in...
Port Metro Vancouver Unveils Trucking Initiative Port Metro Vancouver in British Columbia has introduced its Smart Fleet trucking strategy, a three-year action plan to improve the efficiency and reliability of the container truck sector and reinforce the port's ongoing collaboration with supply chain partners. Smart Fleet's key initiatives include a forum for terminal operators and industry leaders...
International Shipholding Closes $25 Million Stock Sale International Shipholding has closed its sale of $25 million of its Series A cumulative redeemable perpetual preferred stock at $100 per share. Dividends will be payable on the Series A preferred shares at an initial rate of 9.50 percent per annum of the stated liquidation preference when, as and if declared...
Gulftainer's Trade Volume Rose 24 Percent in 2012 Gulftainer, the United Arab Emirates-based port operator, recorded a 24 percent increase in volume for 2012 verses a year earlier. The port management and logistics company's Sharjah ports posted the greatest volume throughout for the year, with Khorfakkan Container Terminal showing a 28 percent year-over-year increase to more than 3.3 million 20-foot-equivalent...
US Carload and Intermodal Traffic Rises For the week ending Feb. 16, U.S. carload and intermodal volumes rose after declining the previous week, according to the Association of American Railroads. Carload volume grew 1.9 percent over the prior week to 278,596 trailers and containers. Although the volume is up 15.3 percent since the first week of 2013,...
'Operation COBRA' Preys on Poachers Customs, police and wildlife officers from Asia, Africa and the U.S. have launched a cross-border enforcement operation, known as "COBRA," to crack down on wildlife crime syndicates. The month-long operation from Jan. 6 to Feb. 5 targeted species under serious threat, such as big cats, elephants, rhinos, pangolins and great apes. Operation...
Rates under pressure as post-CNY cargoes disappoint Drewry's Shanghai - Rotterdam sector of its spot rate World Container Index tumbled another 3.3% this week and has now fallen by almost 14% since the end of January.Anecdotal ...
APMT posts 11.6% rise in profits APM Terminals saw profits of $723m in 2012, up 11.6% from $648m the year before, boosted by pre-tax divestment gains of $123m.Cashflow from operating activities ...
Hamburg Sud and Evergreen score highly for their customer service but MSC trails
APMT develops 1.5m teu terminal near Izmir APM Terminals has finalised an agreement to operate a Turkish container and general cargo terminal at the Aegean port of Petkim in Nemrut Bay, close to Izmir
NOL slides back to the red with $98m fourth quarter loss Neptune Orient Lines slipped back into the red in fourth quarter with a loss of $98m, and reported a loss of $419m for the year, due mainly to a first-quarter net ...
AP Moller-Maersk beats expectations AP Moller-Maersk has reported net profit of $4bn for 2012, slightly better than the $3.7bn previously forecast and well ahead of the $3.4bn reported profit in 2011.The ...
Frontline pullback charted Frontline could see its core fleet shrink to single figures by the time the tanker market recovers from its present slumber, Credit-Suisse says.
Maersk's gentle giants Maersk Line has pledged to protect the market balance in the oversupplied Asia Europe trade as it introduces the first of its giant triple-E ships in 2013.
Frontline's bond battle Warnings of a second restructuring for John Fredriksen's Frontline have met with a mixed reaction among analysts.
NOL turns red again Cost cuts of more than $500m could not stop substantial losses at Neptune Orient Lines in 2012.
Friends and foes We take a look at what was said in the market over the past week.
Tug captain "lost" A tug captain is missing as details emerged of the vessel's tow to a bulker being lost off Namibia.
Stealth's $120m hunt StealthGas has $120m at its fingertips to spend on both newbuildings and second-hand ships, its CEO says.
Missing cruiseship located A drifting Russian cruiseship that went off the radar after breaking its tow has reappeared west of Ireland.
VLCC mystery solved TradeWinds digests the digits making the headlines this week.
Reprieve for RG-1? Three potential buyers may yet save a veteran RG Line ferry from Danish breakers.
UDSC cuts loss State-run Ukrainian Danube Shipping Company (UDSC) has reduced its 2012 deficit despite revenue falling.
Boxship power restored A Japanese containership has docked in Alaska for repairs after temporarily losing power.
Master loses clash appeal A Ukrainian tug captain will serve 18 months in prison for his part in a fatal collision in Hong Kong in 2008.
Maersk finishes strongly AP Moller-Maersk finished 2012 on a high note but the Danish shipping titan is more reserved in its outlook for 2013.
Eitzen's $70m write-down Norway's Eitzen Chemical has taken a big hit to its bottom line after revaluing its fleet.
FRO losses reduced Frontline has reported a fourth quarter loss of $16.6m as it continues to battle against tonnage oversupply and weak rates.
Brodosplit aid hiked Croatia has won European Union (EU) approval to increase the amount of aid required to restructure the troubled Brodosplit shipyard.
Pirates wants $1.3m West African pirates holding six foreign anchor-handler crew have demanded $1.3m to release them.
World Fuel profits ease World Fuel Services, the marine and aviation bunker supplier, has seen fourth quarter profits drop by over 14% to $42.8m.
YZJ cans four more Yangzijiang Shipbuilding has suffered another round of newbuilding order cancellations the company confirmed Friday.
Teekay chops sextet Teekay Corp has confirmed that six tankers were sold by its various entities during the fourth quarter netting it $41.2m in the process.
Hercules bags jack-up Hercules Offshore has agreed to acquire a jack-up drilling rig for $55m and has already secured employment for it.
Global steel output mixed China and Germany have both reported healthy increases in steel output, but most other major producers reported big declines.
Red on the horizon? Equity analysts appear to be growing increasingly concerned about the future of Genco Shipping & Trading after racking up a $46m loss in the fourth quarter.
Canada-Asia trade program moves forward "Canada's economy and future prosperity is our government's top priority. That prosperity depends on increasing our exports in fast-growing and dynamic markets around the world," said Ed Fast, the country's Asia-Pacific trade minister.
Long road ahead for EU-U.S. trade talks
Shippers expect muted 2013 cargo market
NOL trims losses in 2012 The Singapore-based carrier said it had a net loss of $98 million in the fourth quarter of 2012, compared to a loss of $320 million in the fourth quarter of 2011. Revenue in the quarter was $2.5 billion in 2012.
Maersk Line's back in black in 2012
L.A. starts environmental process on Yusen terminal upgrade
Charleston sees 8% box growth in January
Cautious optimism for Asian cargo Although January air freight activity rose in anticipation of the Chinese New Year, analysts at Stifel Nicolaus warned against seeing too much into these robust numbers. January's growth may simply be an anomaly.
APMT finalizes deal to operate Turkish terminal
Yusen Terminals' Burgoyne to also head Ceres Patrick Burgoyne has served as president and CEO of Yusen Terminals Inc. since 2010, a role he will retain concurrently moving forward. He will be based at the Ceres' headquarters in East Brunswick, N.J.
McAdam to leave APL Logistics this year
CMA CGM announces rate hikes
International Shipholding raises $25 million in stock sale
Prices plummet across North America Bunker prices across the Americas fell sharply to close out week.
NOL posts $419 million loss for 2012 Company's energy efficiency programme delivered cost savings amounting to $504 million.
Port of San Diego approves Alternative Maritime Power project Board approved non-appealable coastal development permit to bring shore power to marine terminal.
LNG-crude pricing link under pressure But player says LNG bunkering should stick with gas-crude linkage.
Very tight avails in Fujairah Prices soft in South African ports.
Crude pulls down European prices Double digit falls seen in some ports.
Petrobras in 'advanced talks' to sell stakes in two refineries The 30,000 b/d refinery in Buenos Aires produces marine fuel.
Petrobras: Brazilian bunkers from Rotterdam Service to start at beginning of next month.
Company claims new products 'revolutionise' fouling control 'With record high bunker fuel prices the economic importance of underwater hull condition cannot be overstated.'
Maersk Line 'glad to be in profit after hard year' 'Bunker consumption per container was reduced by 11%.'
Teekay Corp narrows losses for 2012 Growth was from the firm's continued investment in fixed-rate gas and offshore businesses.
EU eyes private finance for maritime research Public-private funding proposal for eco-shipping research project.
Canal expansion could hit bunker demand 'Larger vessels and quicker transit times could mean the same or less volume.'
Asian bunker prices mostly down NYMEX saw a fall of $2.38 per barrel.
Mixed results for Singapore ship chandlers and bunkering trade Domestic wholesale trade rises but foreign wholesale trade falls.
Partners of Malta-based bunkering firm granted bail Francis Portelli and Anthony Cassar charged with trying to corrupt the former Chairman of Enemalta.
BIMCO slow steaming clauses 'well-received' Clauses 'well received' by industry at recent conference, says organisation.
Japan bunker fuel sales to fall in February Traders say weak demand was triggered by Chinese new year holidays and high bunker prices.
New material able to 'detach biofilms' from hull's surface Material works at microscopic level to knock bacteria away, says Duke University.
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