US unprepared to benefit from Panama's imminent expansion The United States could get a major trade boost from the soon- to-be-finished expansion of the Panama Canal, but specialists worry poor infrastructure means Uncle Sam will miss the boat.
Shanghai forges plans for fourth and fifth runway at Pudong airport The Shanghai Airport Authority has unveiled plans to build a fourth and fifth runway at Pudong international airport. The new runways will be initially used for the testing of Chin...
IAG Cargo Group announces Q1 financial results The single cargo business unit for International Airlines Group (IAG Cargo Group), comprised of BA World Cargo and Iberia Cargo, recently reported that its commercial Q1/2011 reven...
Swedish mineral group orders new locomotives from Bombardier The board of Sweden's mineral group LKAB has decided to invest in four new dual IORE locomotives from Bombardier. The investment is strategic to LKAB's development plan and increas...
CIS market creates new boom in railcar business The current global market volume for new railway wagons is around EUR 8.7 billion, and is about EUR 8.3 billion per annum in the after-sales area. After the slump in 2009, the valu...
Equipment to be upgraded on Amtrak California corridors The USA's Federal Railroad Administration has awarded the California Department of Transportation (Caltrans) USD 100 million to purchase new equipment on Amtrak California trains t...
Six new passing lanes to be built on the Princes Highway The Australian state government plans to plough USD 5 million more into Princes Highway passing lanes than first declared. At least six new passing lanes will be constructed betwee...
ESS launches JetDocs to enable electronic traceability of jet fuel The Malta-based shipping and trade eDocs provider Electronic Shipping Solutions (ESS), has launched JetDocs, the first compliance solution for full batch traceability of jet fuel. ...
IDS Logistik collaborating with Hermes Germany's largest general cargo alliance, IDS Logistik, is now offering a new two-man service for dropping off consignments directly in the homes of private customers. To fulfil th...
BLG investing in HGV fleet despite red figures The German warehousing company BLG has continued to invest in expanding its truck fleet, despite posting red figures in its car transport sector. In 2010, BLG acquired some 80 new ...
Zim and United Arab Shipping Co implementing general rate increase Israel-based carrier Zim Integrated Shipping Services will introduce a general rate increase (GRI) of USD 250 per teu on its westbound services from India to Europe and the Mediter...
OOCL sees cargo volume rising Orient Overseas Container Line (OOCL) saw its Q1/2011 cargo volume increasing by 12.%, compared to the first three months of 2010. The total revenue grew by 17.2% to USD 1.32 ...
From Duisburg to the Antarctic A unique project is being implemented by duisport Group this month. The German inland port operator is taking over a variety of services for the Kaefer corporation (Bremen), which,...
DB Schenker Award goes to Dr Stefan Walther The DB Schenker Award 2010 has been presented to Dr Stefan Walther from the University of Erlangen-Nuremberg (Germany). The logistics prize, worth EUR 10,000, is aimed at junior re...
Klaus-Michael Kühne hands over sceptre to Karl Gernandt Following Klaus-Michael Kühne's recommendation to Kuehne + Nagel's board of directors, Karl Gernandt was recently elected chairman of the Schindellegi (Switzerland)-based logistics...
Trans-o-Flex Thermomed enlarges service offer in France Trans-o-Flex Thermomed, a specialist for temperature-controlled transport services for the pharmaceutical industry, is expanding its international network to cover France. To this ...
Private sector logistics emergency teams support relief efforts in Japan Logistics leaders UPS, TNT, Maersk and Agility are supporting the work of the United Nations World Food Programme (WFP) in Japan by boosting vital warehousing, transport and logist...
The transport logistic trade fair in Munich ending today Today is the last day of the transport logistic trade fair, which began in Munich on 10 May. This year's event once again fully deserved its reputation as the industry's leading tr...
Scorpio Tankers unveils $300m product tanker newbuilding spree Follow-on share issue of $60m launched in New York to underpin Hyundai Mipo order
Profit share from Shell charters fails to keep Crude in black Evangelos Marinakis-led tanker owner to pay dividend from net cash
The bunk in bunkers High fuel costs have peculiar effects on market sentiment
Not ideal, but pragmatic The UK's decision to give legal recognition to the use of armed anti-piracy guards is to be welcomed
Star Bulk splashes $51.5m on two more capesizes Vessels come with charters to miners which promise $64m to $75m in revenues
Kandla to seek bidders for dry bulk terminal development State-owned Indian port to offer 30-year concession to a private operator on build-operate-transfer basis
NOL $10m in red for first quarter Loss is less than expected, as APL garners cost gains
Malmö to inaugurate new harbour Two years of development work set to increase freight capacity fivefold
DFDS sees profits rise as trade returns to Baltic and North Seas Integration of Norfolkline has gone better than planned, says company
Marsh launches Charter Default cover New insurance product aims to protect shipowners from loss of revenue if charterer folds
The boat comes in for HHLA Terminal operator's earnings and market share both on the increase as chief predicts full-year growth rates 'well above 10%'
Gdansk seeks inspiration from UK portcentric business model Container terminal chief looks to Teesport, London Gateway and Liverpool to harvest ideas for boosting volumes
Buss Ports to open site at Eemshaven New terminal will focus on offshore windfarm projects as group also expands its rail freight operations
Rail shuttle to carry boxes between Rotterdam and Strasbourg Ter Haak Intermodal's twice-weekly trains will complement container barges
Ocean Rig nabs Petrobras contract Dryships unit to go ahead with IPO over next few months
Kuroya resigns from K Line Jiro Asakura named new head of Japan's third-largest shipping company
Dockwise shrugs off first-quarter loss Company points to record backlog of orders and a recent upturn in inquiries
Lidinsky orders review of box freight indices and derivatives trading FMC to examine whether 'modest, common-sense standards' are needed to avoid manipulation
Fear of high seafarer death toll blocks pirate hostage rescue missions Senior EU Navfor and US Coast Guard officers dampen hopes of bigger fleet to fight piracy
Star Bulk posts first quarter profit Cost reduction contributes to result above estimates, says chief executive Capralos
Courage Marine swings to losses HONG KONG drybulk carrier Courage Marine announced today that it recorded net losses of $2.27M for 1Q11, reversing net profits of $3.58M for the same period last year
US box imports leveling IMPORT volume at US box ports is expected to level off this month after almost 18 months of year-on-year gains, retailers warned today
HHLA clawing back its market share HAMBURG'S HHLA has strengthened its position among northern Europe's box hubs with a 32% year-on-year increase in throughput, to 1.65M teu in the first quarter
Petronas plans $20Bn refinery MALAYSIAN oil major Petronas plans to build a refinery/petrochemicals complex in Johor, which is linked with Singapore by a bridge
Bunker rises cost NOL RISING bunker costs led to $10M in 1Q2011 net losses, Singapore's NOL said today
LA-LB boxes to keep surging CONTAINER volume growth of 10% at the ports of Los Angeles and Long Beach over the last half year should continue throughout 2011, a port official told Fairplay today
Star Bulk buys ships SPYROS Capralos-led Star Bulk said today it is buying two Capesize vessels for a total $51.5M
Rig upside fuels DryShips DRYSHIPS subsidiary Ocean Rig, which is poised for a US IPO, is picking up the slack for the group's drybulk and tanker units
MOL donates to quake recovery MOL SAID today its workers have donated about ¥55M ($682,000) to Japan's earthquake relief effort
Protections planned for warming Arctic ARCTIC nations have reportedly agreed to take steps to protect the region as global warming opens up opportunities for shipping and offshore exploration
Bunker prices plunge again THE SEESAW in bunker prices this week ended with marine fuel being priced lower today in Singapore, a day after the International Energy Agency cut its forecast for 2011 oil demand
LME picks Bilbao for billets BILBAO in northern Spain was named today as a delivery point for a London Metal Exchange steel billet contract
Demand buoys Supramaxes INDIAN coal demand is keeping Supramax rates up even as rates for Atlantic voyages are dropping, brokers have told Fairplay
Two Chinese ships to be scrapped CHINA Shipping Haisheng said today it would scrap two 1981-built ships
Mittal reveals profits drop MERCATOR Lines (Singapore) has revealed that net profits for FY2010-11 dropped 24% year on year, to $31.1M
Trailer Bridge Posts $10.4 Million Loss Trailer Bridge reported a first quarter net loss of $10.4 million, compared with $300,000 a year earlier, and said its...
House Prepares 'Backup' FAA Extension Bill House transportation committee members filed a "precautionary" Federal Aviation Administration extension bill that would tide the agency over if congressional...
Barge Unloadings Slide at New Orleans The number of grain barges unloading at New Orleans in recent weeks has dropped 14 percent from average levels for...
Marine Intermodal Growth Outpaces Domestic Demand for marine containers grew faster in this year's first quarter than for domestic intermodal containers or trailers, the Intermodal...
Exports Lead 7.2 Percent Volume Gain at LA-Long Beach Combined imports and exports at Los Angeles and Long Beach, the busiest U.S. container ports, rose 7.2 percent in April...
Truck Market Tightens for Shippers, Index Shows Market conditions are worsening for U.S. shippers as truck capacity tightens and fuel prices and surcharges rise, an index released...
Kirby Warns of Flood Impact on Earnings Kirby Corp., a major U.S. barge line for chemicals and oil products, said worsening river conditions across the flooded Midwest...
Kintetsu World Express Profit Soars 72.4 Percent Kintetsu World Express, Japan's second-largest international forwarder, said that its profit surged 72.4 percent in fiscal 2010, which ended on...
Volkswagen Picks Savannah for Parts Volkswagen will import auto parts for its new manufacturing plant in Chattanooga, Tenn., through the Port of Savannah, the Georgia...
UASC Adds Port Call at Jebel Ali United Arab Shipping Company expanded its Asia-Europe Service 1 with a direct call at Jebel Ali, a major transshipment hub...
Floods Raising Shipper Costs, Analyst Says Bulk shipper costs are escalating for the second quarter, an industry analyst said, because of heavy flooding on major U.S....
UCLA-Ceridian Trucking Index Drops 0.5 Percent The Ceridian-UCLA Pulse of Commerce Index fell 0.5 percent in April after rising 2.7 percent in March, underscoring what the...
Import Volume to Level off, NRF Says Growth in import cargo volume at the U.S.'s 10 busiest container ports is expected to level off until the annual...
FMC to Study Rate Indexes, Derivatives The Federal Maritime Commission wants to learn more about the nascent container freight index and derivatives markets. Chairman Richard L....
GE Plans Locomotive Plant in Fort Worth GE Transportation says it will open a locomotive manufacturing facility in Texas, with production to start next year. The company...
HHLA Profit Soars 47 Percent to $23.6 Million HHLA, Hamburg's biggest stevedore, increased first quarter profit by 47 percent from a year ago as container volume jumped 32...
New Orleans Port Open, Flood Worries Rise The Coast Guard, bracing as Mississippi River floodwaters spread south, was preparing Friday to restrict vessel traffic at the Port...
Air Cargo's Holding Pattern Neel Shah, vice president of Delta Airlines' cargo division, has reason to be pleased with 2011's first quarter results. Despite...
Tay Yoshitani Collaborating to Grow Tay Yoshitani believes that each port is unique, and the role of the chief executive is to ascertain a port's...
Building Prices Unilever got a strong sign last week of just how concerned China is about inflation. The country's economic planning agency...
NOL Posts $10 Million First Quarter Loss NOL Group, parent of APL and APL Logistics, lost $10 million in the first quarter ending March 31, as rising...
India's Exports Jump 35 Percent India's exports surged nearly 35 percent year-over-year to $23.9 billion in April, the first month of fiscal 2011-2012, according to...
Iberia Launches Madrid-Brussels Freighter Spanish airline Iberia will start operating a 737 freighter between Madrid and Brussels in an upgrade to the carrier's perishables...
'K' Line Names Asakura CEO, President "K" Line appointed Jiro Asakura as its new CEO and president Friday, taking the place of Kenichi Kuroya, who resigned...
CSAV Volume Jumps 48 Percent CSAV's container volume increased by 48 percent in the first four months of 2011, the Chilean carrier said Thursday. ...
Auto Shipping Drives Wilh. Wilhelmsen Net Up 150 Percent Norway's Wilh. Wilhelmsen reported a $22.3 million net profit in the first quarter, up from $8.8 million last year, but...
Frankfurt Air Cargo Jumps 12.8 Percent Frankfurt Airport boosted cargo traffic 12.8 percent in April from a year ago to an all time high for the...
APM Terminals Signs 30-Year Peru Terminal Pact APM Terminals signed a 30-year concession contract with the Peruvian government Thursday for the development and operation of the multi-purpose...
Scorpio still hungry Emanuele Lauro says "disciplined expansion will continue" as US-listed product player prepares to feast on $300m worth of tankers.
Crude tops Wall Street New York-listed tanker-owner's first quarter beats analysts' predictions.
Eidesvik in COA capture Kristian Eidesvik-controlled Wilson shells out $1m for DFDS Logistics' dry-cargo book.
Rieber falls to loss Slow start in first quarter for specialist offshore owner, but contract cover now in place.
Pappas pair sold to Star Nasdaq-listed owner lays down over $50m for a couple of capesize bulkers, apparently from Petros Pappas' Oceanbulk.
Namura feeling low Japanese shipbuilder hits the mark with forecast but profit slumps.
Diana does dry deal New York-listed Greek owner pays $30m for 2007-built Oak Maritime bulker.
Bergen back in the black Norwegian company moves out of the red as offshore work overtakes shipbuilding for the first time.
Fesco wins again Russian container line recovers from big 2009 loss to post profit for last year, as terminals sale boosts result.
Sasebo gloomier Japanese shipbuilder improves annual result, but expects to make less this year.
Kyoei Tanker dives Japanese tanker owner sees yearly earnings plummet 67% after suffering KLC blow.
Courage curtailed Taiwanese bulker owner hit by lower rates and vessel utilisation to 31 March.
Club probe will be heavier Sealed lips, hectic in Hellerup, shipowners in space and a few insightful tips from top managers.
NOL cuts loss Singapore containership owner heading in right direction in Q1, but high fuel prices still a problem.
DryShips a big winner George Economou-led company sees earnings soar as drilling strikes it lucky.
New5 in Numb3rs GulfNav and Nordic American Tankers lock horns while a costly fire sets up Braemar's first distressed purchase.
Logistics-transport M&A activity flat in Q1 Major merger and acquisition activity in the transportation and logistics industry was flat in the first quarter, according to PwC's quarterly analysis of the market,Intersections. There were 37 deals of greater than $50 million in the quarter, co...
Evergreen increases rates to Europe Evergreen said it has implemented a rate restoration program to increase freight rates from the United States, including Puerto Rico, on June 15 to Europe, the Mediterranean Sea and Black Sea. The increase applies to all commodities and is $125 for...
Hapag-Lloyd raises transatlantic rates The German container line Hapag-Lloyd said this week it will raise rates between North America and Europe beginning July 1. The increase, which apply in both directions, is $240 per 20-foot container and $300 per 40-foot container between the Unit...
APL loses $8 million in first quarter NOL, the Singapore-based parent company of APL, reported $1.3 million in first quarter operating profit, though APL suffered a loss in the period. The group performance improved on a $74 million loss in the same period in 2010. Revenue increased 1...
FMC to look at container swaps The U.S. Federal Maritime Commission has created a working group that will research and analyze issues arising from the use of container freight rate indices in service contracts and index-based derivative transactions. "Index-based ocean freight ...
Mexico joins Carnet system Mexico will become the 71st country to accept ATA Carnets on May 16, making it easier and less expensive for business travelers to temporarily bring certain goods into the country, according to the U.S. Council for International Business. ATA Carn...
Mergers and acquisitions Logistics-transport M&A activity flat in Q1Major merger and acquisition activity in the transportation and logistics industry was flat in the first quarter, according to PwC's quarterly analysis of the market,Intersections. There were 37 deals of ...
APM Terminals signs Peru port deal has entered into a 30-year concession contract for the development and operation of Terminal Muelle Nore at the Port of Callao, Peru. APMT cleared to bid on new Nhava Sheva terminalAn India Supreme Court decision has paved th...
Transatlantic rate hikes Hapag-Lloyd raises transatlantic rates The German container line Hapag-Lloyd said this week it will raise rates between North America and Europe beginning July 1. Evergreen increases rates to EuropeEvergreen said it has implemented a rate restorati...
Week ends with mixed prices Crude futures climbed higher on strong European numbers.
Mixed cruise industry messages on ECA effect Operator plays down risk of changed itineraries, while industry body remains concerned about impact of fuel cost.
Prices rise in Fujairah but Durban market falls Deliveries available up to and including May 27 in Cape Town.
2012 sulphur limit affecting up to 15% of supply Can be met with blending, but 'changes will have to be made' in some markets.
Rotterdam and Hamburg firm LSFO tight in Hamburg.
NOL says bunker costs have 'interrupted momentum' 'Emphasis on slow-steaming' will remain.
Andatee to focus on growth Profit, revenue and sales all up in Q1.
Singapore marine fuels sales hit 14-month low Sales down by 8% month-on-month.
Chemoil reports $23.2 million Q1 profit Company reports strongest quarterly profit since its IPO in 2006.
Week closes with firming Asian prices Demand 'weak' in key Asian bunker hubs on Friday.
Hapag-Lloyd in the red on 'difficult' business conditions Rise in oil prices, weak US-dollar and growing competition 'making business more difficult' says Hapag-Lloyd chairman.
MRPL sells 380 cSt cargo at steady prices Sumitomo buys 80,000 mt of 380 cSt fuel oil parcel.
Matson fuel surcharge to increase on bunker costs Company to raise fuel surcharge to 47.5% for Hawaii service, and 49% for Guam/CNMI and Micronesia service.
High bunker costs hit Hanjin Shipping's Q1 results Hanjin Shipping posts higher operating loss of 11.6 billion won in Q1 2011.
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