Hurricane Jova hits Mexico's main Pacific port Hurricane Jova flooded the streets of Mexico's main Pacific port with torrential rain on Wednesday, inundating popular beach resorts and killing at least four people in mudslides.
Bold bid to pump oil from listing ship A salvage crew yesterday made a daring landing on a crippled container ship leaking oil off New Zealand, as the vessel's owners apologised for the country's worst sea pollution crisis.
Gefco opens overland transport branch in Stuttgart Gefco Germany is continuing its expansion strategy and opening a new branch for overland transport in Stuttgart (Germany). On an area of 1,200 sqm the new site offers transport ser...
Czech Railways orders 16 Railjets from Siemens Siemens Mobility has received a EUR 200 million order from the Czech railway company Ceske Drahy (CD) for the delivery of 16 seven-car Railjet trains. This order involves an option...
ITG and Bosman start Munich-Belgium truck services ITG and the Dutch logistics company Wim Bosman now offer regular direct truck transportation between Munich and Belgium. This new relation comprehensively connects Belgium and Luxe...
FedEx Express launches new intra-India service FedEx Express, a subsidiary of the FedEx Corp, has launched FedEx Economy, an intra-India, door-to-door, day-definite express delivery service for ground consignments. With this la...
Locos upgraded for European rail freight services on High Speed 1 DB Schenker Rail (UK) is to upgrade five class 92 locomotives for rail freight operations on High Speed 1, as it continues with its plans to introduce regular services on Britain's...
Würth Logistics accompanies warehouse project in Sweden The intralogistics team of Würth Logistics from Chur (Switzerland) was chosen in September to carry out the detailed planning and implementation of a new major project for the Swed...
Gebrüder Weiss expands air and sea management team Vojislav Jevtic has assumed the management of global product management seafreight and management project logistics and breakbulk at Weiss brothers as of 1 October. Born in Hamburg...
Fesco and BLG Logistics establish joint venture The BLG Logistics Group and Fesco have established a joint venture to develop comprehensive logistics solutions for the Russian automotive industry. The initial investment is EUR 1...
Damage of at least EUR 50 million from Waldhof disaster The river Rhine near St Goarshausen was closed for a total of 33 days due to the Waldhof disaster. The damage amounts to approximately EUR 50-55 million. Experts took about five mo...
EU-Russia aviation summit: normalisation and liberalisation At the EU-Russia aviation summit, which started yesterday in St Petersburg, European airport trade body ACI Europe denounced the lack of progress in normalising aviation relations ...
Boeing opens China service centre in Beijing Boeing this week opened a new service centre in Beijing, to provide enhanced product support to China's growing commercial aviation industry. It comprises highly-qualified pilots a...
Short-term night-flight ban in Frankfurt Just one and a half weeks before commissioning a new runway, a German administrative court has imposed a night-flight ban on Frankfurt airport. According to the planning decision f...
DP World's London share listing disappoints Analysts point to limited free float as root of the problem
South-South trade can be win-win for dry bulk investors The new so-called Southern Silk Route is among a number of reasons to be cautiously cheerful in distressed dry bulk circles
Greek dry bulk spending halved in first nine months Canny owners play waiting game as bulker prices head downwards
Fincantieri's struggling Sestri Ponente yard seals $68m state aid Genoa port authority reported to be adding further funds
Shale gas poised to boost American coal exports The US could become the world's swing producer of coal, but only when its miners increase production
VLCC prices continue nosedive Falling values for secondhand VLCCs will lead to more owners considering the scrapping option
Greek bulker owners 'more optimistic' than Asian counterparts But fragmented industry has to discipline itself, Marine Money conference in Athens is told
Shipping must communicate now Protection of brand value and a strong communication ethos can make a company attractive to public and private equity
Faster than the speed of spin Artful words and a pledge such as that used to advertise Daily Maersk seem to lift us out of the realm of the possible
Weak spot market takes shine off Fairstar Third quarter loss hits $2.6m, but strong position anticipated for next year
Teekay has the financial clout and market scope for deal Alliance could bring expansion on a wholesale basis
Sevan set to reap benefits of having Teekay as a partner History of rescue deal reveals clues as to future game-plan
Product tanker values could fall by a fifth if global economy slumps again Under a 'stress scenario' refined product trade would decrease vessel demand, says DVB Bank's research team
Puerto Rico officials sued over security fee Shippers and liner companies describe it as discriminatory and unconstitutional
Mediterranean product tanker rates boosted by Turkish Straits delays Product tankers are latest tanker segment to be positively affected by congestion
China export bank pitches for more European business Cexim has $12bn portfolio, including 80 overseas owners, but says Chinese builders losing out this year
Supramax rates poised for fresh 2011 record US Gulf-Europe route lifts Atlantic market as pet coke cargoes drive increased demand
Fesco and BLG form joint venture for St Petersburg car handling Russian auto market to become Europe's biggest, partners say
Venezuela drug bust marks new high in seizures Discovery of 478 kg of cocaine on board Bernhard Schulte-managed bulker highlights rising trend in maritime drug smuggling cases
Trailer Bridge receives second delisting notice All eyes on $82.5m bond maturity in November
Rena master has 'exemplary record' New Zealand 'found no problems' with vessel during September inspection
Capesize rates reach 11-month high Pacific round voyage tops $30,000 a day as Australia's Rio Tinto reports record iron ore production in third quarter
Rena's P&I insurer confirms cover is capped New Zealand can look to IMO but its failure to ratify recent conventions means provisions are limited
Albanese links Rena incident to need for shipping reform 'Very grave error' to think that domestic shipping industry does not matter
New arbitration centres will take time to evolve While Singapore presents a challenge to London new players will have to wait their turn
Kanway opens service to Vietnam Taiwan operator betting on increased trade between southern China and Hai Phong
Costamare apologises to New Zealand Owner of Rena cites 'great regret' at anguish caused by 350-tonne spill as Tauranga port closes overnight
Hamworthy says orders are healthy UK supplier reports stable market conditions
Carry on regardless Shipping never ever throws a collective hissy fit and stops serving the global economy
A solid boost to trade Improved sentiment on both sides of the Pacific is reason to smile
Staggering Saga sells VLCC NORWAY'S Saga Tankers said today it has sold its second ship in six weeks and warned that it risks breaching covenants in loans
LNG subsidy approved THE EC has approved a 925M zolty ($277M) subsidy for building an LNG terminal in Poland, IHS World Markets Energy reported today
Wider box ship layups seen BOX SHIPPING companies might need to lay up vessels aggregating more than 1M teu to rebalance the market and stop the rate fall, a BIMCO analyst has warned. Wider box ship lay-ups predicted
Goa iron ore slowed IRON ORE exports through Goa, India's biggest exporter state, are being squeezed by suspension notices and orders issued against some companies for illegal mining and exports
VLCC value erosion cited THE VLCC sold today by Saga Tankers had lost more than half of its value in just 18 months, a shipping analyst pointed out today
Textile cargo patterns shift TEXTILE and apparel cargo flows into Germany have been shifting from China to other Asian countries and North Africa, a study has shown
Korea Line, banks plan crunch talks ANOTHER meeting between the receivers of the insolvent Korea Line Corp and "interested parties" is scheduled tomorrow
Singapore bunker prices jump BUNKER prices have been firming with crude at more than $100 per barrel again this week, causing Singapore prices to jump on tight supply
PIL nearer PST delisting SINGAPORE'S PIL has moved closer to its intention of delisting and privatising Pacific Shipping Trust
UK's WFW combines with Singapore firm UK SHIPPING law firm Watson Farley & Williams has entered into a venture with the Singapore firm Asia Practice
Indonesia might restore coal export tax INDONESIA could reinstate a coal export tax, which it abolished in 2006 after exporters and miners challenged the rules in court, IHS McCloskey reported today
Rio Tinto shipments soar MINING giant Rio Tinto today reported record iron ore sales for the quarter ended 30 September, as shipments gained from Western Australia's Pilbara region
J.B. Hunt Transport Profit Rises 32 Percent J.B. Hunt Transport Services stayed well ahead of a slowing economy in the third quarter, increasing its net profit 32...
DOT Chief LaHood Won't Serve Second Term Department of Transportation Secretary Ray LaHood said he won't stay on the job for another term, nor will he run...
Manufacturing Index Shows Slower Growth U.S. factory activity continues to grow in an unsettled economy but at a slower pace, the Manufacturers Alliance/MAPI said in...
DOT Freight Index Hits Three-Year High Freight carried by for-hire transportation providers posted a month-to-month gain of 0.4 percent in August, reaching its highest level since...
Rail Traffic Outpaces 2010 in Latest Week North America's major freight railroads hauled 2.1 percent more intermodal traffic than a year earlier in the week ending Oct....
FedEx Ground Opens Major North Carolina Hub FedEx Ground opened a $100 million sorting and distribution hub in North Carolina Wednesday that will speed package deliveries in...
Virginia Ports Expand Market Reach via Rail The Virginia Port Authority is expanding its market for discretionary container shipments into the Southeast and the Midwest through two...
LaHood Says Infrastructure Bill Likely by Year-End Transportation Secretary Ray LaHood said he thinks Congress will pass an "infrastructure program" by the end of this calendar year....
Japanese Container Exports to Slow, Analyst Says Japanese containerized cargo exports will slow to 0.2 percent in fiscal 2011, which started on April 1, after growing 9.2...
Hold the Shovels South Carolina's refusal to grant a permit to deepen the Savannah River is just a bend in the river, say...
Rail Peaks and Caution Flags North American intermodal traffic is hitting all-time weekly highs but the biggest railroads are raising caution flags about how the...
Prep for Fall Peak The rail peak season is under way for intermodal and some other cargoes, and the heads of major railroads have...
Analyst Says ECRI Warning Could Signal Rail Slump A recession forecast from the Economic Research Cycle Institute could point to a slump in rail freight volumes in coming...
Transplace Acquires Intermodal Marketer Logistics services company Transplace is expanding from its trucking base into intermodal rail by acquiring intermodal marketer Celtic International. ...
US Trade Deficit With China Hits Record $29 Billion The U.S. trade deficit narrowed slightly to a four-month low in August but the trade deficit with China hit a...
Agencies Detain Containers at Port of San Juan Federal, state and municipal agents said three containers were detained for improper placards among the 252 containers and tanks checked...
Congested Indian Port Suspends Export Operations The port-terminal authorities at Chennai, India's second-largest container gateway, temporarily suspended export cargo movements and scaled back vessel handling as...
Lufthansa Sees 'Major Setback' in Frankfurt Flight Ban SHENZHEN - Lufthansa Cargo CEO Karl Ulrich Garnadt says the carrier remains committed to an expansion plan at Frankurt Airport...
Frankfurt, London Heathrow Cargo Traffic Down Frankfurt airport in September handled 5.3 percent less freight than a year ago and London Heathrow's cargo traffic shrunk 3.7...
Cargolux Gets Second 747-8 Freighter, Loads First Cargolux has loaded cargo onto its first 747-8 freighter and will take over a second aircraft Thursday, after settling a...
Stranded Container Ship Expected to Break Apart A chartered Mediterranean Shipping Co. container ship that foundered on a reef in New Zealand's Bay of Plenty is expected...
DB Schenker Begins Germany-China Container Rail Service DB Schenker said its new daily rail container service between Germany and China, starting in late November, will more than...
Congress Passes Three Free Trade Pacts Congress on Wednesday passed free trade agreements with Colombia, Panama and South Korea. Once the terms of the deals...
FMC publishes proposed rate index use rulemaking The U.S. Federal Maritime Commission has published a proposed rulemaking to amend its rules to provide common carriers and their customers with certainty and flexibility if they decide to use long-term contracts that adjust based on a freight rate...
OOCL exec urges better pricing, innovation Erxin Yao, president of OOCL (USA), urged the shipping industry to pay more attention to pricing services profitably and fostering innovation rather than trying to hold onto market share. "Faced with the challenges of today, we forgot why we suffe...
Congress approves FTAs Capitol Hill lawmakers on Wednesday approved the long-awaited free trade agreements with Colombia, Panama and South Korea, and voted to renew Trade Adjustment Assistance (TAA), the Generalized System of Preferences (GSP) and the Andean Trade Prefe...
GT Nexus adds social networking GT Nexus has launched "G2," a social networking tool. As an example, information technology applications developer said members of its GT Nexus Shipper Council - a group of shippers - are using G2 to collaborate on key initiatives. "The shipper co...
Panalpina starts Ludhiana, India branch Panalpina has opened a branch office in Ludhiana in northwestern India. It's the second India office the Swiss freight forwarder has launched recently, with a new office in Jaipur opening two weeks ago. "Ludhiana in north India is home to thousand...
NDO America relocates U.S. headquarters NDO America has leased 26,853 square feet of industrial space in Rancho Dominguez, Calif., for its new headquarters. Following building improvements, NDO plans to move to the location on Dec. 1. About 30 people will be employed at the site. Freight...
KPI Bridge Oil appoints trader for UK office Manassakis has more than six years experience in the shipping industry.
Fujairah prices stable In Cape Town, deliveries were available for supply up to and including October 27.
New Zealand port 'not to blame' for Rena response Tauranga Harbourmaster not responsible.
Rotterdam bunker prices at their highest in four weeks Custom workers strike tomorrow in Piraeus.
'Final reminder' for IBIA nominations Nominations from the Americas and Asia Pacific and users and buyers will be would looked on 'particularly favourably'.
'Cold ironing' infrastructure for Rotterdam Pilot project has set up 120 onshore power connections.
Fuel oil stocks down again Traders predict stocks will rise before the end of the month.
Ports in ECAs 'vulnerable' to loss of business Increased shipping costs could see cargo rerouted to ports outside regulated zone, says UK Chamber of Shipping official.
Bunker prices largely up at Asian bunker hubs Some suppliers in Singapore not offering due to limited avails.
South Korean firms developing LNG bunkering system Agreement also includes development of an LNG-fueled vessel.
Dip in Singapore monthly bunker sales volumes Total of 3.57 million mt sold in September, 6.4% down from August volumes.
Contracts for first US-flagged LNG-fuelled OSVs signed Trinity Offshore to build vessels for Harvey Gulf International Marine.
WWF: Shipping levy an 'innovative' source of finance Global levy on shipping and aviation under consideration as sources of finance for climate and development.
Yang Ming ratings downgraded on 'weak market conditions' Weakening freight rates in Asia-Europe lanes and high bunker costs 'constrain' Yang Ming's profitability, says Taiwan Ratings.
Slight fall in South China's fuel oil inventories Volumes to rise in the coming week with post-holiday replenishment cargoes coming in.
Salvage efforts resume on stricken vessel Amid concerns that the vessel may break up due to 'substantial structural failure' sustained during bad weather.
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