Japan rebuilding may boost dry-bulk shipping lines Reconstruction in Japan following a tsunami and earthquake that destroyed or damaged more than 150,000 buildings may boost volumes for dry-bulk shipping lines struggling with global overcapacity.
30% of S'pore LNG terminal completed Singapore has completed 30 per cent of its first liquefied natural gas import facility and is on track to open in the second quarter of 2013, according to the chief executive of the company operating the terminal.
German postal service body re-elects Wolfhard Bender as chairman The members of Germany's federal association of postal service providers (Bundesverband Deutscher Postdienstleister BvDP) unanimously elected Wolfhard Bender to a further two-year ...
Box volumes up in the Moby Dik terminal Container traffic in the Moby Dik terminal in Kronstadt on Kotlin Island increased by 55% to 25,700 teu in January and February 2011, compared with the first two months of 2010. Th...
Liebherr presents new mobile harbour crane model Liebherr has expanded its range of mobile harbour cranes, adding the LHM 420 model to its range of offers. The new heavyweight crane is the successor of the LHM 400 and bridges the...
Maersk introduces new vessels to West Africa service A.P. Moller-Maersk recently named the first in a series of 22 so-called wafmax container vessels currently being built by Hyundai Heavy Industries in South Korea. The "Maersk ...
Ethiopian receives loan from African Development Bank The African Development Bank has approved a USD 40 million second lien corporate loan to Ethiopian Airlines, to support the purchase of five Boeing B777-200LR passenger jets. The a...
Unitpool signs for five more years with Air Transat Unitpool, a Swiss asset management company that specialises in supplying and managing a fleet of 40,000 ULDs at more than 300 airports for 20 customers, has signed a second five-ye...
JF Hillebrand acquires Ferry International in Italy JF Hillebrand, which has been serving the drinks industry with its specialist logistics services for more than 160 years, has strengthened its dedicated wine and beverage logistics...
SBB Cargo is on course The Swiss railfreight operator SBB Cargo improved its transport performance to around 13 billion ntk last year, or 12% more than in 2009. The company nevertheless made a loss of CH...
TNT Express celebrates 20 years of collaboration with Motorola TNT Express, a leading global B2B express service provider, and Motorola celebrated the 20th anniversary of their cooperation recently. The premium service provider transports 80% ...
DHL Freight signs contract with Skanska Skanska Stomsystem, one of the world's leading project development and construction groups, has signed a new contract with DHL Freight, a top provider of road haulage services in E...
Polish railfreight firm carries 10 million t of freight in February The Polish railfreight operator PKP Cargo carried a total of EUR 9.8 million t of cargo in February, or 20% more than in the like-for-like period last year. This brought total volu...
Transnet to buy 32 more locomotives from Mitsui Transnet has signed an agreement for the supply of an additional 32 new 15E locomotives with Venus Railway Solutions, a subsidiary of Japan's Mitsui & Co, and local BEE investo...
FedEx Express launches B777F to South Korea FedEx Express, a subsidiary of the FedEx Corporation, is launching a new dedicated B777F service between its global hub in Memphis TN (USA) and South Korea, with four nonstop fligh...
New Jersey to spend millions on road projects Approximately USD 175 million has been earmarked for 20 Middlesex county projects in the state of New Jersey (USA), according to governor Chris Christie's administration, whilst US...
New Swiss partner for Kögel trailers The company Fankhauser Fahrzeugbau, headquartered in Rohrbach near Bern, now offers Kögel trailers in Switzerland. Fankhauser sells Kögel's products through its own distribution ch...
Net-Log Lojistik and Akg'n chose Mercedes-Benz Axor trucks Aksaray-based Mercedes-Benz T'rk has completed delivery of 20 MBT Axor 1840 LS Euro 5 units to the Net-Log Logistik group, which runs 36 distribution centres in Turkey and employs ...
BRS merges freight derivatives trading platform with Cleartrade Collaboration will cover over-the-counter trading in FFAs, iron ore, container, steel and fertiliser swaps
Genmar staves off bankruptcy with $200m Oaktree loan Cash-strapped tanker company gets elbow room to negotiate loan refinancing with banks
Private investor rides to Georgiopoulos' rescue again Genmar chairman and Oaktree Capital Management have a long-standing connection
MR owners add premium as tankers battle ice at Primorsk A daily charge of $2,600 is being imposed as 'dozens' of ships struggle with winter conditions
Supramax rates tumble as US Gulf grain cargoes dry up Fewer grains cargoes for shipment from the US Gulf saw supramax bulk carrier rates to Asia and Europe tumble by as much as 16% in two days, according to shipbrokers surveyed by Lloyd's List
Oaktree spearheads $200m General Maritime bailout Company confident infusion would roll back immediate cash need of $800m
New warning for TOP Ships Nasdaq-listed Greek shipping companies could now have a greater incentive to get their share prices back up
Over the worst At a time when Japan needs sea trade more than ever to bolster its attempts to recover from the recent crisis, its many friends in shipping will want to continue to serve it
HSH Nordbank returns to profit in 2010 Bank reports '48m ($68m) after-tax profit, reversing €743m a year earlier
UK Chamber of Shipping to push for better business climate New president to ensure business climate is favourable for British shipping
DryShips strikes deal with Korea Line receivers Three embroiled bulkers now listed as back on spot market
Anek tumbles to record $127m loss Books huge provision for a lost investment in shares in affiliated company
Total drilling plans to boost Barents Sea exploration
Seven reveals April drilling IPO to raise up to $350m
Investor appetite for drilling rig exposure prompts spin-offs With demand for shares still strong, the offshore sector looks likely to see a variety of fresh public offerings
Could Japan's lines be outclassing Maersk? Maersk has stolen the show with its Triple-E class, but surely Japan's carriers could team up with the nation's yards to order a mega series of new panamax ships
Japan factory closures leave car carriers waiting Japan is the starting point for most vehicle carriers. But with output badly disrupted, how are shipping lines to ensure they position enough tonnage in the right locations?
Fall in sailings dents seasonal cargo surge
Box lessors could face heightened US scrutiny US Federal Maritime Commission wants box leasing sector to be regulated in view of recent bumper profits
Navios plots $185m bond for South American logistics unit Aims to raise amount via private placement of senior notes due in 2019
TOP Ships receives Nasdaq share price warning Management claims company is current with all debt obligations, without having recourse to debt restructuring or raising equity funds since 2008
NYK sets aside $22bn for fleet growth Japanese carrier unveils investment plan to beef-up fleet between now and 2017.
Grand Alliance, Zim and HMM in joint service To launch all-water service between Asia and the US east coast in May
Brussels antitrust squad raids Deutsche Bahn offices Allegations over potential rail freight competition infringements
US sets Iran sanctions premium limit Thresholds apply to premium with "fair market value of at least $1m or aggregate of at least $5m"
NEL Lines' losses double After-tax losses grow to '43.4m ($61.6m) for full year 2010 from €20.5m in 2009
Japan's marine insurance bill may hit $3bn Estimate includes losses to ships, cargo, piers and wharves
Lidinsky urges caution over Japan nuclear threat Shipping must ensure supply chain is not needlessly affected by overreaction
Box rebound boosts HHLA Volumes up 19% while operating profits rise 21.8%
Frangou returns to bond market ANGELIKI Frangou-led Navios Holdings today confirmed plans for a high-yield bond offering by its South American logistics arm
Quake reveals US deficiencies TERMINAL operators and government agencies are ill-prepared for a major earthquake in the US, according to a terminal official
Chamber warns on tonnage tax change THE UK'S tonnage tax regime has kept the country's shipping industry afloat, according to the British Chamber of Shipping
GenMar prices follow-on THE FINANCING flurry at General Maritime continued today with a secondary offering priced to cover next week's Suezmax delivery
Shipping loans boost HSH Nordbank EARNINGS from ship lending played a pivotal role in the turnaround in HSH Nordbank's results last year, the bank said today
Weak VLCC rates expected to persist SPOT RATES for VLCCs are likely to experience further downward pressure due to excess supply of tonnage in the Middle East and other factors, analysts said today
HHLA earnings jump 20% HAMBURG container terminal operator HHLA is lifting its dividend by over one third to €0.55 ($0.78) per share after a 20% increase in pre-tax profits (EBIT) to '193M last year
Danaos concludes major restructuring BOX SHIP lessor Danaos Corp confirmed today that it has formally completed its comprehensive plan to restructure newbuild finance obligations
Libya rebels oil plan falters BARRIERS have emerged to the plan by Libyan rebels to begin exporting oil from facilities captured during recent conflict, IHS World Markets Energy reported today
Four start China/Long Beach service FOUR operators are joining forces to start a new service connecting central China with Long Beach from next week, Fairplay has been told
Transatlantic sells ro-ro vessels SWEDEN'S Rederi AB Transatlantic has announced that it has sold three ro-ro vessels to the forestry products group Svensk Cellulosa (SCA)
DryShips renegotiates KL bulkers DRYSHIPS has settled new terms with Korea Line's receivers for charters of three bulkers, the company confirmed today
Overcapacity, falling demand hit VLCCs RATES on the benchmark VLCC route from Middle East Gulf-Japan have been softening on overcapacity and falling crude demand in Japan
Singapore rejects forced form use EVEN as Singapore is persuading shipowners to use the Singapore Ship Sale Form for S&P, it says it does not intend to make the form compulsory for transactions in the country
North Oz storm intensifies A TROPICAL low that has been moving across the Arafura Sea north of Australia all week is now expected to reach cyclone strength over the next two days
LA-LB Terminals Reduce Off-Peak Gates Eight of the 14 container terminals at the Los Angeles-Long Beach ports, pointing to slow cargo volume since the Chinese...
US Claims Victory in WTO Ruling Against Boeing The World Trade Organization on Thursday ruled Boeing was the beneficiary of some $2.7 billion in illegal subsidies from the...
MSC Raises Trans-Atlantic Rates May 1 Mediterranean Shipping Co. is adding $240 to $400 per container to its rates from North America to Europe, the carrier's...
DHL, Ryder Expand Green Truck Fleets Deutsche Post DHL and Ryder System are rolling out electric, hybrid and natural gas trucks, from delivery vans to heavy...
Illinois Rail Project Begins $685 Million Phase A major rail corridor project in Illinois gets under way this weekend, as crews begin the biggest upgrade of tracks...
EU Trust Busters Raid Deutsche Bahn Offices European Union trust busters raided the offices of German rail operator Deutsche Bahn in an investigation into allegations it is...
Antwerp On Alert on Ships From Japan The port of Antwerp, Europe's second largest container hub, said it is taking "heightened precautions" over ships arriving from Japan...
Horizon Calls Bankruptcy Report 'Speculation' Horizon Lines said it is trying to refinance its debt to avoid an expected default and would not comment on...
CN Sheds Some Toronto Track to Commuter Agency Canadian National Railway sold a section of track in and around Toronto to the Ontario agency Metrolinx for about $308...
Zim, Evergreen, CSCL Launch Asia-Europe Service Evergreen, Zim Integrated Shipping Services and China Shipping Container Lines will launch a joint Asia-Europe service at the end of...
Kenworth Rolls Out 'Regional' Heavy Truck Truck maker Kenworth unveiled a heavy truck this week designed for regional use, taking advantage of a shift from long-haul...
HHLA Forecasts 10 Percent Growth HHLA, Hamburg's biggest stevedore, forecast 10 percent growth in container traffic this year following a 19 percent increase in 2010. ...
Daimler Truck Raises 2011 Truck Sales Forecast Daimler Trucks North America is raising its sales projections 10 to 15 percent for 2011 as demand for its Freightliner...
Conference in Yokohama to Focus on Radiation Japanese government officials and shipping industry representatives will meet Friday in a bid to step up their fight against what...
Anti-Trust Probe to Cut Kintetsu Profit Kintetsu World Express, Japan's second-largest international forwarder, said it will set aside $13.86 million to cover estimated costs related to...
Radiant to Buy Distribution by Air Radiant Logistics will purchase Distribution by Air under a $12 million transaction that will extend the consolidation among mid-sized U.S.-based...
LA-Long Beach Ports Plan Expansion Having weathered seven years of environmental challenges and the worst economic downturn in the history of containerization, the ports of...
Four Carriers to Start Trans-Pacific Loop Four Asian carriers are teaming up in a joint service from North Asia to Long Beach in early April. ...
Maersk Line with new type of container carriers A. P. Møller-Mærsk is about to take delivery of the first container carrier in a series of 22 so called Wafmax-type. Wafmax is short form for West Africa
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