Rising population ensures long-term growth: Maersk Increasing population and incomes in developing countries and a tendency for world trade to expand faster than GDP point to long-term growth in the transport business, the head of Danish shipping and oil group A P Moller-Maersk said.
Ship orders seen rising 4% on global recovery Global shipbuilding orders may rise 4 per cent this year to the highest levels since 2008 as economic recovery drives demand for consumer goods and fuel, according to estimates South Korea's industrial ministry released yesterday.
Pepsi outsources Netherlands logistics to Kuehne + Nagel PepsiCo, one of the world's leading producers of convenience foods and beverages, has awarded a ten-year contract to Kuehne + Nagel for its warehousing and distribution activities ...
Group 7 now AEO certified The German service provider Group 7, headquartered in Schwaig near Munich, was recently awarded an authorised economic operator certificate (AEO). This special status entitles the ...
Reysas transports wine for Doluca The Turkish transportation service provider Reysas Lojistik has been selected by the company Doluca Sarapcilik to distribute its wines, thus bringing the brand name Doluca into Rey...
Günter Butschek new head of operations at Airbus Günter Butschek has been appointed as Airbus's new operations executive vice-president with effect from 1 March. Butschek will succeed Gerald Weber, who is leaving Airbus, and will...
Containership optimisation by Maric and FutureShip yields fuel savings The lines of a 9,000 teu containership series were significantly improved by a joint venture between Maric, a Chinese design office, and FutureShip, a Germanischer Lloyd subsidiary...
Port of Singapore sets new record for teu handled Container traffic in the port of Singapore came to 28.4 million teu in 2010, a 9.9% increase over the 25.9 million teu recorded in 2009. Total cargo throughput increased by 6.4%, t...
Air Charter Service expanding in South America Air Charter Service, a leading aircraft charter provider, is continuing its global expansion by opening its first Brazilian office, in Sao Paulo. ACS Brazil will offer cargo as wel...
US rail traffic rises in 2010 The Association of American Railroads (AAR) has reported an increase in rail traffic in 2010, when US railroads originated 14.8 million carloads, a 7.3% increase over last year but...
Air France-KLM reports rise in December traffic, decline in load factor Air France-KLM said that its cargo business was affected by the difficulties encountered by ground transport in December. Traffic was up by 2.1%, for a 4.6% rise in capacity, leadi...
Inderm'hle transforms its workshop into an independent unit The workshop of the Inderm'hle group, a Swiss transport specialist, has become an independent unit called Inderm'hle Nutzfahrzeuge (Inderm'hle commercial vehicles). Roland Inderm'h...
Kilic Group investing in 50 new Mercedes-Benz tractors The Kilic Group, based in Mersin in southern Turkey, has invested EUR 6 million in the acquisition of 50 Mercedes-Benz Axor 1840 tractors for its subsidiary Merbil Lojistik, which ...
Boeing celebrates final assembly of 1,000th 767 Final assembly on the 1,000th Boeing 767 airplane started this week. Workers marked the milestone with a celebration at Boeing's Everett WA (USA) factory. Final assembly is the las...
MR product tankers set for 20% rise in earnings Investment bank issues upbeat assessment of outlook for rates in 2011
Recovery could drive up orders for ships by 4% Global shipbuilding orders may rise 4 % this year to the highest since 2008 as economic recovery drives demand for consumer goods and fuel
Handymaxes and supramaxes to remain in trough until February Shipbrokers forecast poor handymax and supramax rates in the Pacific trading region will last until mid-February
Pirates' motherships extend attacks Record numbers of larger boats see more ships targeted off the coasts of India, Oman, Kenya and Tanzania
Leopard escapes hijack attempt Danish general cargoship may have been carrying a military cargo
DFDS becomes first major casualty of Irish ferry crisis Stena now largest player serving Ireland following Danish operator's exit
Lloyd's List appoints Richard Meade as editor Succeeds Tom Leander who becomes editor-in-chief for Asia
Hanging in the balance South Korean government will not let Korea Line, the country's second largest shipping company, go to the wall
Don't silence Chirp It is unfortunate the future of Confidential Hazardous Incident Reporting Programme is under threat
US retailers predict 8% box imports rise in January But continuing momentum unlikely as consumers cut back on discretionary spending
Time to health check private tanker operators With four of eight listed tanker outfits operating at below break-even levels, many private tanker companies could also be reaching the danger zone
Sub-zero rate causes Baltic Exchange delay Indices delayed after C11 capesize route drops below zero dollars per day for the first time
Korea Line weighs up options to ward off bankruptcy Hopes to raise fresh funds including tapping government-owned financial institutions
Seadrill snaps up Seadragon orders Rigs to join seven other units previously ordered from Jurong shipyard
Cyprus plans new licensing round Move could aggrevate already heated political situation
Diamond shines as Goldman rates it a Conviction Buy Analyst upgrade follows order for an ultra deepwater drillship from Hyundai
Troop withdrawal may help eradicate Somali piracy A policy of constructive disengagement will allow the war torn African country to strive for a national, grassroots reconciliation
European Commission homes in on Italian torpedo Commission to stop the underhand tactics that are being used to draw out complicated maritime disputes
Automatic enforcement of EU court rulings could bring big savings Validation process can cost up to €13,000 in lawyers' fees and court costs
Danaos seals $203m Chinese loan Gets nod for credit facility, part of financial restructuring to secure boxship newbuilding programme
Danish cargoship feared hijacked Contact with Leopard is lost following pirate attack in Gulf of Aden
MPC Capital agrees share swap deal with lenders Banks to provide $59.4m of loan receivables as in return for 2.8m fresh shares
Teekay unveils management reshuffle Announcement comes as date for Peter Evensen to take helm fixed for April 1
Valencia tests system to ease port congestion Port helps trial Flagship-RTS, a real-time optimisation system to reduce congestion
Brisbane port expected to reopen by Monday Conditions still too dangerous at the moment says port authority
India set for maritime sector shake-up Launches ten-year policy agenda to boost its shipping portfolio
Navios aims to raise $325m from new bond issue Private placement to finance buy back 9.5% notes issued in 2006
Gulftainer volumes up at Khorfakkan and Sharjah 2010 total throughput at both box terminals reach just over 3m teu
China club presses ahead with IG membership bid Mulls adopting a set of internationally recognised accounts
Chamber of shipping embarks on new membership drive UK association extends focus and will also look to target shipbrokers and other maritime professionals
Arch Coal buys into US export scheme NYSE-LISTED Arch Coal has acquired a 38% stake in the proposed Millennium Bulk Terminals project in Longview, Washington, a facility that could significantly expand US coal exports to Asia.
Pirate attack reported DANISH general cargo ship Leopard has reportedly been attacked by pirates, but its fate remains unclear.
Brazil ports unveil rises ANTONINA and Paranagua, ports operated by Brazil's southern state of Parana, said loadings and unloadings rose 22% in 2010 from 2009 figures.
Repair ship commissioned BRAZIL'S oil giant Petrobras has commissioned a semi-submersible vessel for repairing oil rigs and oil platforms for work in the Campos Basin near Rio de Janeiro.
Oz tug hero hailed A TUG MASTER has been praised for corralling a large boardwalk that had broken off and was heading towards a major bridge over Queensland's swollen Brisbane River.
Oz faces cyclones, too WEATHER-beaten areas of Queensland and Western Australia are facing new threats from seasonal tropical cyclones.
Pakistan grain imports rise PAKISTAN has released official figures showing how last year's devastating floods led to a major rise in grain imports.
Drug suspects slip up SPANISH police today arrested four men in the seizure of 162 kilos of cocaine ' hidden in boxes of fake fruit.
Pareto sees drybulk pain PARETO Securities in Oslo has lowered its 2011 earnings estimates for drybulk carriers and revised drybulk equity recommendations as a result.
Topaz signs Maersk deal DUBAI oilfield services company Topaz Energy & Marine has announced that its DMS subsidiary has signed a five-year contract with AP M'ller-Maersk.
Long-lasting drybulk hit seen from Oz deluge BIMCO has predicted the Australia's weather disaster is likely to depress drybulk freight market for months to come.
Yangzijiang unveils $415.3M in new orders NEWBUILDING analysts predicted a rise in share prices for Yangzijiang of China after the builder announced 4Q 2010 new orders worth $415.3M.
MOL takes green route JAPAN'S MOL told Fairplay today it is preparing an energy-efficiency management scheme for its 79 tankers.
COSCO Shipping shares climb as $318M raised COSCO Shipping said today it has raised 2.1Bn yuan ($318M) from a rights offer.
Canadian Rail Workers Vote to Strike Members of four union groups at the two major Canadian railways voted to strike if negotiations fail by deadlines late...
Hamburg Sud Reorganizes in North America Hamburg Sud North America on Thursday announced the realignment of its top management team. Three executives assumed new responsibilities....
Report Says Jones Act Didn't Impede Oil Cleanup The presidential commission that investigated the Deepwater Horizon disaster said the Jones Act did not prevent participation by foreign-flag vessels...
3PL Odyssey Acquires Optimodal Odyssey Logistics & Technology Corporation acquired Optimodal, the largest intermodal chemical sector service provider in the United States. ...
Rail Traffic Jumps in First Week of January Traffic surged at major North American railroads in the first full week of January, compared with the same point in...
India Launches $110 Billion Maritime Plan India plans to spend an estimated $110 billion to develop ports and shipbuilding by 2020 as it aims to expand...
Caribbean Shipowners Hike Rates The members of the Caribbean Shipowners Association announced Thursday a series of general rate increases over the next few months...
Port of LA Container Exports Gain 5 Percent The Port of Los Angeles capped a year of record containerized exports with a 5 percent increase in December over...
Port Tracker Forecasts 8 Percent January Import Growth Import cargo volume at the nation's major retail container ports is expected to post a year-to-year gain of 8 percent...
ProLogis Plans $1 Billion Distribution Buildout ProLogis plans $800 million to $1 billion in new development this year in Asia, Europe and North America, the industrial...
Con-way Says Profit to Fall Con-way Freight says it expects the company's operating profit to fall by nearly a third in the fourth quarter because...
Mica Eyes Rail to Get More Trucks, Cars Off Roadways The new chairman of the House Transportation and Infrastructure Committee, signaling domestic transport goals similar to those of the Obama...
Manufacturers Survey Sees Steady Growth The U.S. manufacturing outlook remains healthy despite indications of slowing expansion, a quarterly survey of 62 manufacturers said. The...
Trade Deficit Shrinks to 10-Month Low The U.S. trade deficit declined 0.3 percent to $38.3 billion in November from October, reaching its lowest level in 10...
Port Klang Forecasts Double-Digit Container Growth Port Klang, Malaysia's largest container port, expects double-digit growth in cargo this year, the Port Klang Authority said. Its...
Crowley Promotes Otero to Head Caribbean Services Crowley Maritime named Tony Otero vice president of the Dominican Republic, Haiti and Cuba liner services. Otero's new...
Maersk Chief Projects Long-Term Container Industry Growth The global container industry is headed for long-term growth, thanks to increasing population and incomes in developing countries and a...
Charleston to Move to Single-Gate System The Port of Charleston will move to a single-gate operating system on Jan. 18 to streamline operations, the South Carolina...
Troubled Borders Closing Distribution Center Borders will close its Nashville, Tenn., distribution center and scale back its supply chain as the bookstore chain struggles with...
Stanships assets seized Bunker beef with bulker outfit backed by American Club director Paul Sa heats up in the wake of magic pipe probes.
Leopard crew abducted Pirates shift six crew members of Danish weapons ship to hijacked Taiwanese fishing vessel in major change of tactics.
Navios oils note press Angeliki Frangou-led shipping cartel returns to Wall Street with $325m private placement tied to securities scoop and debt drive.
Evensen crowns successor New York-listed shipping syndicate reveals promotions as Bjorn Moller prepares to hand off CEO post to Peter Evensen.
Leopard escapes hijacking No sign of pirates as Turkish naval troops storm Danish ship and attempt to free crew in citadel.
Stig snaps up option Stig Remoy's Olympic Shipping firms up $65m newbuilding contract at Kleven Maritime.
Norway in clear on Rocknes Compensation award against state overruled as court blames navigation error not incomplete sea charts for tragedy.
Star snares cape cash Nasdaq-listed owner bags a loan to cover the remaining 60% of capesize newbuilding pair.
Cruiseship in pirate saga Black tie dinner put on hold as UK vessel with 500 onboard outruns suspects off Tanzania.
Frangos plots next chapter Greek owner John Frangos is happy to consign long-running stand-off with the Haji-Ioannou family to the history books.
Strike called over crewman's death Services from India's Lakshadweep islands halted in row over treatment of helmsman who suffered heart attack.
India eyes tonnage growth Government's new 10-year plan aims at boosting fleet as well as building ports and mega-yards.
DFDS ditches Dublin Danish owner exits Republic of Ireland ro-ro sector a month after selling Belfast routes.
FIS lays down dry fears John Banaszkiewicz tips bulker demolition to quadruple this year but will it be enough?
Cammell Laird posts record UK shipyard boasts its best annual numbers since being reborn a decade ago.
Missing crew found Tug picks up all 18 men from cargoship reported missing off Malaysia in storm.
Bergen bags Sartor trio Roy Wareberg-led owner turns to neighbouring yard with NOK 1bn deal for three newbuildings.
FMC reviews 7 OTI license applications The U.S. Federal Maritime Commission has received seven license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from Globe Shipping, Alhambra, Calif. (Eric G. Qian, chief executive offi...
Vanguard opens Charlotte office, 30 more planned Vanguard Logistics Services has opened a new branch office in Charlotte, N.C. "Our growth in the Southeast region has prompted us to open a new office in Charlotte," said David Sanchoyerto, Vanguard's Southeast regional vice president, in a stateme...
CommerceConnect takes off The U.S. Commerce Department's CommerceConnect program has expanded to the Philadelphia region, the first of 16 regions where the service will be started this year. CommerceConnect is a "one-stop-shop" initiative in which Commerce employees are cr...
Old Dominion names Metz VP legal Old Dominion Freight Line has appointed Walt Metz to vice president and assistant general counsel. A 29-year veteran in legal affairs, Metz's experience includes counseling privately and publicly held companies and clients represented by private pr...
Crowley names finance VP, IT director Crowley Maritime Corp. has promoted David Nickless to vice president of finance and planning for Crowley''s shipping and logistics business. He will remain based at the company's Jacksonville, Fla., office and report to Steve Collar, senior vice p...
FMC orders closer monitoring of ship alliances The Federal Maritime Commission hasissued a ruleto more tightly monitor the three global ocean shipping alliances. The New World, Grand and CKYH alliances have each filed agreements with the FMC that give them the authority in multiple U.S. trade ...
Container lines oppose offshore wind farm site The U.S. government should reconsider its proposal to site a large wind farm off Maryland's coast because it would interfere with the safe passage of vessels in designated shipping lanes, the World Shipping Council said. The Bureau of Ocean Energy...
U.S. food safety law's impacts detailed The United Fresh Produce Association on Wednesday released a white paper that explores the likely effects of the FDA Food Safety Modernization Act, passed by the Congress late last month and signed into law by President Obama Jan. 4. The white pap...
To boost capacity 10% Port of Charleston moves to common gates The South Carolina State Ports Authority said it would streamline container operations in the Port of Charleston by moving to a single-gate operating system at all terminals, effective Jan. 18. It said the c...
Danish coaster under pirate attack in the Indian Ocean The faith of the Danish coaster Leopard is still uncertain after a pirate attack yesterday in the Indian Ocean off the coast of Oman. The crew of Leopard reported an
Norwegian government aquitted in Rocknes case A district court verdict that ordered the Norwegian government to pay close to NOK 23 million in damages for having failed to mark the ground that the bulker Rocknes hit
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