Indian Railways transporting more freight Indian Railways carried 827.9 million t of revenue earning freight traffic between April 2012 and January 2013, 4.55% more than in the same period a year earlier. In January, the c...
Transport acquisitions in 2012 the highest in three years The volume of worldwide mergers and acquisitions in the transport industry in Q4/2012 was the highest per quarter for three years, according to a new report issued by the US indust...
Royal Jordanian starts serving Algiers Royal Jordanian is launching operations on the Amman - Algiers (Algeria) route today (25 February). Initially served twice weekly, the frequency of the new operation between these ...
Maersk satisfied with 2012 Denmark-based Maersk Line's CEO, Nils Smedegaard Andersen, said, "we are satisfied with our result for 2012. After a difficult start, Maersk Line improved its performance and ...
Data2Logistics names new professional services director The supply chain information and technology company Data2Logistics has selected Bob Newcom to be director of professional services. Newcom has 17 years of experience in executive a...
Bombardier wins further order for ERTMS technology in Poland The rail technology provider Bombardier Transportation will deliver its globally proven Interflo 450 ERTMS level 2 solution for the Legnica-Wroclaw-Opole section of Poland's E30 li...
Globe Express Services appoints new CCO Globe Express Services (GES) has announced that Christopher Slotten will join the company on 1 March as senior vice-president and chief commercial officer. In his new role, Slotten...
IRU upgrades online services to support operators' daily work The International Road Transport Union (IRU) has upgraded two global online services, TRANSPark and IRU legal assistance network, to further facilitate and secure daily road transp...
Ural Airlines launches service to Bishkek On 23 February 2013, the Russian carrier Ural Airlines started a once weekly service between Moscow-Domodedovo airport and the Kyrgyz capital and biggest city, Bishkek. Ural Airlin...
DPD (Switzerland) scoops up Translog France DPD (Schweiz) AG, a member of the DPD group, has taken over Translog France, a pan-European provider of customs clearance services. DPD (Schweiz) AG is using the acquisition to str...
FPS member LCL Logistix opens another Indian container station LCL Logistix - the Indian member of the Famous Pacific Shipping (FPS) network of independent forwarders and NVOCCs - has opened its third container freight station (CFS) in Haldia,...
Agility wins contract with SSAB in Sweden The logistics service provider Agility has been mandated by the Swedish enterprise SSAB EMEA AB (SSAB) to handle its heavy plate export shipments. As part of the two-year contract,...
What the fight against Somali pirates can teach us in Gulf of Guinea Arming merchant ships may increase the threat of violence
West Africa checklist Boxes to tick for reducing risk
Cexim stands by $3bn ship finance target for 2013 despite credit risks Chinese policy bank promotes hi-tech shipbuilding at home
Policing market-based CO2 reduction will be difficult Seafarers International Research Centre examines the obstacles to beating both fraud and accidental misreporting
Emissions rules herald the rise of methanol Stena Line is testing an alternative to LNG as the bunker fuel of the future
CIMC eyes 20 post-panamax ships for charter to MSC Will the second-largest box player copy CMA CGM's China-backed lease deal?
MISC profits surge 75% Diversified owner boosted by money raised from regasification project
Myre Seadiver crew released on bail Lagos court adjourns case to April after safety ship is accused of arms smuggling
A rose by any other name K&R policies operate along roughly the same lines on both sides of Africa, despite the risks being inherently different
BIMCO opens office in Shanghai Denmark-based body is first round-table shipping player to launch a China base
Flex LNG posts 2012 loss of almost $300m Company takes writedown on newbuilding assets
Aspen launches West Africa kidnap and ransom cover Dedicated product reflects different threats from Indian Ocean and Gulf of Guinea pirates
Scorpio Tankers lines up $267m in fresh borrowing for newbuildings Existing lenders commit money for large portion of recent spree as company files new shelf registration
The big interview: Jorn Hinge United Arab Shipping Corp chief executive on those big ship orders, developments in the Middle East and the boom to bust cycle
Maersk sells VLCC for offshore use More tankers converted into FPSOs as owners offload older tonnage
Capital idea Middle East fund opens welcome new source of ship finance
Bullish Chinese buyers flock back to demolition Hunger for tonnage returns to pre-holiday levels
Saudi bank launches medium range tanker fund with Tufton Shariah-compliant vehicle leads drive to inject capital into Middle East shipping
Delos set for winning bid for Omega joint venture ships Creditors object to sales of smaller non-Chapter 11 assets
Scorpio Tankers loss narrows Lauro confident "long-term thesis" stands confirmed
Heidmar branches out CONNECTICUT pool specialist Heidmar today unveiled a new asset management division that appears geared towards distress-driven opportunities
Kiel cost explosion and delays warned GERMANY'S Kiel Canal improvements are reportedly facing yet more delays and cost explosions
'Corker' Cyclone Rusty imperils Pilbara again CYCLONE Rusty is expected to cross directly over Port Hedland in northwestern Australia and intensify in the next two days, the Bureau of Meteorology warned today
US doubles set-aside funds for cruise tickets CRUISE lines must double the amount of money set aside for ticket refunds on cancelled voyages to $30M, US regulators have ruled
Box imports to Europe seen falling 3.2% BOX EXPORTS to Europe will continue shrinking this year despite positive northern signals, two leading analysts predicted
Japan's yard orders drop NEW ORDERS at Japanese yards dwindled year on year in January, despite the weaker yen
Nam Cheong profits rise 47% MALAYSIAN offshore vessel builder and owner Nam Cheong said today that 2012 profits rose 47% year on year to 136.6M ringgit ($44M)
Silly money paid for Indian demolition BOX SHIPS have been getting incredibly high prices for demolition in India, but cash buyers cautioned today that such speculation is unrealistic
Civil compensation ordered in fatal collision OCEAN Jasper Shipping has been ordered to pay compensation to the family of a fishing boat skipper killed in a collision with one of its ships
Mariner missing in fire A NORTH Korean seafarer is missing after his ship caught fire off Qingdao, China, according to the Shandong Maritime Safety Administration
Comarit granted protection COLLAPSED Moroccan ferry company Comarit-Comanav has been given four months to come up with a viable restart plan
Damco's profits slip THE FREIGHT and supply chain management affiliate of AP Møller-Maersk, Damco-Marine, said profits slipped last year
Bergen sells Rosenberg unit BERGEN has sold its Rosenberg offshore unit to WorleyParsons, an Australian energy and process industry services provider
Arctic warns on Frontline cash FRONTLINE will need to address the possibility of running out of cash by year-end, a senior shipping analyst warned today
Beijing demands safer ferries DEATHS of ferry passengers today spurred China's transport ministry to warn that more must be done to improve safety
TNT Express Appoints Gunning CEO The supervisory board of TNT Express has appointed Tex Gunning, 62, as CEO, pending shareholder approval, effective June 1. Bernard Bot will remain in his executive board position of CFO, and Jeroen Seyger, currently interim CFO, will continue in a senior finance function in the road and air express delivery company. Gunning...
Container Volume Falls at Auckland Port New Zealand's leading container operator saw total container volume decline 8.9 percent in the last six months of 2012. Volume handled at Ports of Auckland totaled 413,884 20-foot-equivalent units, down from 454,234 TEUs a year earlier. Full import and export containers were 5.4 percent and 9.2 percent lower, respectively, than the...
Ship Agents Oppose Nehru Port Tariff Hike Plan Ship agents at the Port of Jawaharlal Nehru (Nhava Sheva), India, are protesting a tariff revision proposal that could substantially push up costs for container vessels calling at the country's largest box gateway. In comments filed with port regulator Tariff Authority for Major Ports, the Mumbai-Nhava Sheva Ship Agents' Association said...
'K' Line Upgrades Intra-Asia Service "K" Line has upgraded its intra-Asia service with improved transit times and better coverage between Japan and the Philippines, Singapore, Malaysia, Indonesia and Hong Kong. The shipping company said four 2,600-TEU vessels will be deployed on each of two services, JASECO-4 and JASECO-5. The new port rotation for JASECO-4 will be as...
Norfolk Southern to Cut Back in Roanoke Norfolk Southern will cease regional railcar classification operations at its Roanoke Terminal hump yard in Roanoke, Va., although the terminal will continue to provide service to local customers and serve as a hub for through-train operations. The Roanoke hump operation has seen a steady decline in the volume of general merchandise...
Michigan DOT to Spend $187 Million on Road, Bridge Repair The Michigan Department of Transportation has allocated about $187 million in contracts for 2013 to improve 80 miles of pavement and repair 15 bridges in the MDOT metro area, including Macomb, Oakland, St. Clair and Wayne counties. The 2013 program will provide approximately $142 million for pavement repair and $45 million...
Trucking Industry Welcomes Virginia Legislature's Opposition to I-95 Tolls The American Trucking Associations and NATSO have applauded the Virginia General Assembly for passing legislation that would the Virginia Department of Transportation's plan to toll I-95. The legislation would require legislative approval of tolls on I-95 south of Fredericksburg, Va. While not an outright ban on tolling, the Virginia General Assembly...
Port of Tacoma's January Container Traffic Rose 36 Percent Port of Tacoma reported container volume in January rose 36 percent year-over-year, from 109,170 20-foot-equivalent units in 2012 to 148,707 TEUs in 2013. Monthly containerized imports increased 45 percent, and exports were up nearly 44 percent, as shippers prepared for the Lunar New Year. The volume also continued to reflect the...
Port of LA Seeks Public Review of Port Master Plan The Port of Los Angeles has released a draft port master plan for public review and input through April 8. The port master plan serves as a long-term strategy to establish policies and guidelines for future development within the coastal zone boundary of the Port of Los Angeles. The draft version...
OIA Global Launches Day-Definite LTL Service Third-party logistics provider OIA Global has launched OIA Day-Definite, a new service for less-than-truckload shipments across the U.S. The company said the door-to-door service provides delivery within one to six business days for basically any size or weight shipment....
FreightCar America, Titagarh Wagons to Dissolve Indian Joint Venture Titagarh Wagons and FreightCar America have agreed to dissolve their Indian joint venture company. Titagarh FreightCar Private was incorporated in India pursuant to a 2008 joint venture agreement between the parties with the aim to manufacture and sell aluminum coal-carrying railcars in India. TWL and FCA said that the joint venture company...
How New Penn Handled Hurricane Sandy When Hurricane Sandy hit the Northeastern U.S. Oct. 29, trucking company New Penn closed its 22 terminal network, suspending operations over a territory stretching from Baltimore to Maine and the Jersey Shore to the Great Lakes. In this JOC Trucking Podcast, New Penn President and CEO Steve Gast and Vice...
Report: European Exports to Rise 9.3 Percent in 2013 The North European edition of the Global Port Tracker predicts that total European imports will decrease by 3.2 percent to 20.2 million 20-foot-equivalent units in 2013, while exports are expected to rise 9.3 percent to 18.7 million TEUs. Total incoming loaded containers are projected to decrease by 0.9 percent in the coming...
American Railcar Industries' Profit Reaches Record High American Railcar Industries reported profit in the fourth quarter of 2012 was a record $24.4 million, spiking 382 percent from $5.1 million in the fourth quarter of 2011. Quarterly revenue was $207.7 million, up 6 percent from $196.8 million in the same quarter in the previous year, driven primarily by an...
Commercial Barge Line Out of the Red in 2012 Commercial Barge Line Company today reported its 2012 profit was $20.8 million, improving from a net loss of $14.2 million in 2011. Annual revenue was $811.6 million, declining 4.9 percent from $852.9 million. The Indiana-based marine transportation company's net income in the fourth quarter of 2012 was $9.7 million, down 5.5 percent...
Market Accepting $1,500 Reefer Rate Hike, Maersk Says Maersk Line said a 30 percent hike in its reefer container freight rates, which provoked a storm of protest from shippers, has "largely been accepted" by the market. The carrier "might lose some market share" following the $1,500 per 40-foot container general rate increase that took effect on Jan. 1,...
Russia-Hamburg Box Traffic Grows on WTO Entry Feeder ship on the Kohlbrand river.Germany's Port of Hamburg today reported that about 675,000 20-foot-equivalent unit containers were handled between Hamburg and Russian ports in 2012, increasing 13.3 percent year-over-year. The positive trend was driven by Russia's decision to join the World Trade Organization, resulting in associated simplifications in commercial law,...
Kolkata gets another CFS India's strong macro-economic fundamentals and rising container usage has prompted Famous Pacific Shipping Group, member LCL Logistix to open its third container ...
A tale of two cities Although one analyst described the 2013 outlook for Copenhagen-headquartered APM Moller-Maersk as like 'flying near-blind' due to uncertainty over mid-March Asia ...
Bullish Chinese buyers flock back to demolition Chinese buyers have returned to the demolition market in bullish form after the lunar new year holidays, offering rates on a par with rivals in the Indian subcontinent.Yards ...
Matson sets up DC in Savannah Matson Logistics, a US multimodal transport, warehousing and distribution service provider has established a new distribution centre in Savannah that it says will ...
McAdam moves on from APL Logistics Singapore-headquartered Neptune Orient Lines has announced that the president of wholly-owned subsidiary APL Logistics, James [Jim] McAdam, will leave the company ...
Maersk stays off the acquisition trail Maersk has ruled out any merger or acquisition activity in the container shipping sector for the foreseeable future, although it welcomes consolidation efforts ...
Wilmar teams with Noble Shipbrokers were reeling Monday in the wake of reports that two of the most notable names in the chemical and products tanker segments have forged an alliance.
NOL poised to pop? A leading equity analyst is urging investors not to give up on Neptune Orient Lines (NOL) after racking up a full-year loss of $419m.
Frontline's 'red flag' Frontline stock slumped to its lowest level this millennium after a second difficult trading day in Oslo.
Heidmar mints new venture US tanker operator Heidmar is breaking into new areas of the market in a bid to diversify its revenue stream and capture new clients.
Pirates' appeal fails A UAE appeals court has upheld sentences of 25 years for 10 Somali men who attacked an Adnoc tanker in 2011.
Maersk leads pack A strong fourth quarter showing from Maersk Line left Asian rivals trailing, according to data from Jefferies.
Champion caught in crossfire A federal judge in California has issued an arrest warrant for a chemical carrier controlled by Norwegian tanker owner Champion Shipping (Champion).
Kherson edges up Ukraine's Kherson Shipyard finished 2012 with a slightly bigger net profit of UAH 15.08m ($1.85m).
SFL tackles FRO fear Ship Finance International has moved to silence fears surrounding its exposure to Frontline upon reporting a strong set of fourth quarter numbers.
Japan to up cover Japan is likely to boost its insurance cover for tankers carrying Iranian crude by 4% this year.
Coastal profit falls Malaysia's Coastal Contracts has seen profit fall steeply in 2012.
Maersk cashes in VL AP Moller-Maersk has sold off one of its VLCCs with the ship apparently destined for offshore conversion.
MISC meets challenge Malaysian shipowner MISC has returned to profit in 2012 in what it called a "challenging shipping environment."
Scorpio loan in place Scorpio Tankers has netted almost $270m to help fund its rapid growth spurt.
Apicorp launches MR fund Arab Petroleum Investments Corporation (Apicorp) is teaming up with London finance house Tufton Oceanic for a new MR tanker venture.
NOL numbers crunched Growing debt and a lengthening path back to profitability caught the eyes of analysts tracking Neptune Orient Lines after the Singaporean container line put in a disappointing fourth quarter showing.
Traveller off to scrap yard Hoegh Autoliners has continued its clearout of ageing tonnage with the departure of a 30-year-old unit.
One killed in clash One fisherman has been killed and another is missing following a collision with a Wan Hai boxship off Japan.
Rieber on the rise GC Rieber has seen its fourth quarter profit shoot up as its seismic division swung back into the black.
Big write-down for Flex Oslo-listed Flex LNG has taken a big impairment hit from its dispute with Samsung over FLNG newbuildings.
Danske tells FRO's fortune Frontline will run out of cash by the end of 2013 and will need to issue fresh shares if it is to keep its valuable stake in spin-off Frontline 2012, Danske Bank believes.
One missing after fire One seafarer is missing after a fire on a cargoship off eastern China.
POSCO prop for STX PO STX Pan Ocean saw its value take off today amid reports steel heavyweight POSCO was readying a takeover swoop.
Spot woes hurt ITC Frontline-owned VLCC and suezmax company turns to loss as rates fall.
JNTS eyes fundraiser China's Jiangsu New Times Shipbuilding (JNTS) is preparing a new CNY 1bn ($160.41m) bond issue.
Oslo first for Subsea 7 Norwegian shipowner Subsea 7 has added another North Sea pipe-laying job to its backlog.
TOO seals Thai deal Teekay Offshore Partners (TOO) has won a contract to supply a floating, storage and offloading (FSO) vessel for work off Thailand.
Cosco arm eyes leasing Cosco International is said to be mulling entering the ship leasing market as part of a range of options to expand its operations.
Sealink suffers in fourth Malaysian shipbuilder and offshore vessel operator Sealink International has made a fourth quarter loss of MYR22.1m ($7m).
Bumi weaker in Q4 Bumi Armada has posted a sizeable drop in fourth quarter net profits as operating costs ate into its bottom line.
Scorpio snares financing Scorpio Tankers is set to announce a new $270m credit facility that will allow 60% financing of its recent newbuilding binge, finance-market sources said this week.
New CEO at TNT Express Tex Gunning was named CEO, with interim CEO Bernard Bot stepping down to assume the role of chief financial officer. Gunning, who has extensive business experience, will assume his position at the company on June 1.
Virginia assembly says no to tolls "By looking at, then rejecting tolls in favor of more efficient revenue sources, Virginia lawmakers have provided a solid example for states looking to finance needed transportation infrastructure," ATA President Bill Graves said.
Bulk transport firms ride chemical increase
Forwarder software provider New Age enters North America
U.S. wine exports increased in 2012
G6 speeds up Asia-Med EUM Transit times eastbound from the Mediterranean to South Korea and China have improved by about seven days, as vessels will no longer slow steam one week on the return leg between Hong Kong and Busan.
Inbound cargo: Region by region
Vancouver to use GPS to improve drayage The British Columbia port said increasing the number of trucks with GPS transponder units "will provide an even more accurate, real-time base of data enabling greater insight to routing, operational and congestion information."
Large new ships to force changes in Asia-Europe services
Shell Egypt signs agreement with Nile Petroleum Nile Petroleum to be primary distributor of marine lubricants to vessels passing through the Suez Canal.
Maersk 'taking pride' in demonstrating fuel efficiency 'We're not sad that we placed those orders,' says CEO.
Bunker prices follow crude upwards Losses of last week reversed on crude gains.
Fujairah market stays tight Suez out of product, say reports.
Fuel oil supplies could tighten Refiners entering spring maintenance cycle.
Work resumes on assessing shipping's role in global warming Expert workshop to meet at IMO this week.
'Better than expected' results for MISC Q4 results boosted by lower operating costs, 'particularly bunker and charter hire expenses'.
Caltex reassures market Australian refinery closure will not hurt fuel supplies.
BIMCO opens in Shanghai First international shipping organisation to do so.
Fog halts Bosporus shipping Suspension of operations now in second day.
Asia bunker prices still falling But Singapore's benchmark 380 cSt bunker fuel recorded gains.
Corruption investigators focus on bunker tanker M/T Anchor Bay in the spotlight in Malta corruption case.
Vessel arrests rose in UK in 2011 Unpaid fuel bills, mortgages and other maritime lien were behind the arrests.
Primorsk aims for higher bunker sales volume Russian authorities target volume of 5.5 million mt at Primorsk in 2013.
Japan: Bunkering 'not illegal' in Antarctic waters Military icebreaker sent to bolster whaling fleet.
ABB: Shipowners need to cut bunker fuel usage Using less fuel will boost profits.
Fujairah Oil Terminal project reaches 'successful financial close' Terminal expected to start up in 2014, says Hogan Lovells Lee & Lee.
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