Truck drivers on strike at Shanghai ports HUNDREDS of truck drivers staged a strike this week in major container ports in Shanghai, seeking higher freight rates to offset their rising fuel costs, companies and Chinese media said.
Somali pirates suspected to have hijacked S Korean container ship A SOUTH Korean container ship has been attacked by pirates in the Indian Ocean and is believed to have been hijacked, Seoul officials said yesterday.
More Russian tankers to ply Arctic route despite cost RUSSIA'S Sovcomflot will ship 3-4 cargoes of stable gas condensate from north-west Russia to Asia via the Arctic sea this year on behalf of Novatek, a senior Sovcomflot official said on Wednesday.
Bulgarian tender for Sofia and Plovdiv airport concessions Bulgaria is seeking concessionaires on a 35-year base to build a cargo terminal at Plovdiv airport, while the investor in Sofia airport is set to restore operations at an airfield ...
Switzerland: Streck Transport rolls out new premium service Streck Transport AG, a Swiss service provider based in M'hlin, has launched Classic24, a new premium service for general cargo. The offer guarantees to collect goods in northw...
TNT Turkey boosts volumes in 2010 TNT Ekspres T'rkiye registered about a 25% increase in volume in 2010. The company said that the upward trend continued in the first three months of the current year, as the volume...
BLS Cargo: currency losses impact earnings BLS Cargo, a private Swiss freight railway founded in 2001, has recovered from the economic crisis. The transport performance rose by 13% to 3362.3 million ntm last year. However, ...
Freightliner Heavy Haul lands new contract with Quinn glass Freightliner Heavy Haul recently ran its first train from the Sibelco UK Middleton Towers quarry to Quality Freight's facility at Ellesmere Port (both UK). Freightliner was tr...
Estonian Railways hauled more boxes than ever in Q1/2011 Estonian Railways transported 8.046 million teu in Q1/2011, according to the balticnews, which quoted the rail operator Aripaev. This is 74% more than in the same period in...
A trip on Moscow-St Petersburg toll highway to cost over EUR 60 The deputy director of the Russian highways authority Avtodor, Sergei Kelbach, has said that the charges to use the planned Moscow-St Petersburg motorway will be RUR 3.62 (EUR 0.09...
Boeing and Australia announce order for fifth C-17 Globemaster III The Commonwealth of Australia has signed an agreement with the US government to acquire a fifth Boeing C-17 Globemaster III airlifter. The purchase allows the Royal Australian...
Lufthansa Cargo adds Dhaka to timetable The German carrier Lufthansa Cargo is continuing to expand its network in South Asia and now offers clients flights to Bangladesh for the first time. As from yesterday (20 Apr...
Damco employs "fresh" manager for first time Damco Germany GmbH, one of the world's leading logistics service providers, recently appointed Heiko Lembcke as its reefer business development manager. It is a new position that D...
Ports in France hope to see strike ending The new collective agreement for employees of the French seaports has now been signed by the port workers' unions, the national port union UPF and the federation of stevedoring com...
New Italian company Master Projects & Logistics Master Projects & Logistics, established in late 2010, is a 50:50 partnership between Tarros SpA and Paolo Pellegrini and Gianni Lena, two maritime operators with decades of ex...
Inland port of Linz posts good business results The Upper Austrian inland port of Linz, a member of the Linz AG group, was able to boost its business last year. Linz AG's executive board director, Erich Haider said that the resu...
MOL and Hafnia agree to jointly operate new LR1 pool On 1 May, Straits Tankers Pte Ltd, a MOL and Hafnia Management strategic joint venture that has been established in Singapore, will be ready to market 25 coated LR1's, entered...
Gazeley leasing new logistics areas near Frankfurt The UK-based global property developer Gazeley has rented more space in the Magna Park Rhein-Main logistics park near Frankfurt/Main (Germany). A major logistics service provider i...
Fiege and LG Electronics step up collaboration in Czechia and Hungary The Fiege Group, based in Greven (Germany), and LG Electronics (LGE) are stepping up their collaboration in Czechia, Slovakia and Hungary. The recently signed agreement encompasses...
Panalpina strengthens its cold chain for healthcare customers Panalpina, a Basel (Switzerland)-based logistics and transport service provider, has become one of the world's biggest qualified Envirotainer providers (QEP) for active cooling sol...
CMA CGM wraps up $945m bond sale Successful sale of bonds generates strong demand from investors
Grand ambitions Grand China Shipping has mapped out a long-term agenda which is not going to be derailed by short-term pressure on the bottom line
Business is business The basis on which DNV suffered a three-month suspension on its classification activities in Chinese shipyards seems risibly tenuous
Qatar Navigation operating revenues up 24% First quarter operating revenues reach $146m
Grand China eyes new loop as it begins box shipping foray Long Beach call marks aim to become world's top 20 container lines within four years
BP lawsuit seeks to spread blame for Deepwater Horizon spill Launches $80bn legal action against Transocean, Halliburton and blowout preventer designer
Eredene raises $49m from share placement Indian ports infrastructure investor raises '30m ($49.8m) in a new share placing
Japan output set for rebound in 2012 New OECD report says extended downturn unlikely in wake of earthquake and tsunami
Somali pirates seize Italian bulk carrier The Rosalia D'Amato hijacked off 350 nm of Salalah with 22 seafarers onboard
Rail works will not hit Richards Bay exports Terminal says additional stockpile in place during partial closure
Hanjin boxship freed after navy action South Korean warship intervention leads to release of Hanjin Tianjin
Playing the system to stay afloat Banks are still supporting owners' efforts to reorganise finance and avoid the risk of default
Transpacific faces capacity headache Full of confidence from 2010, lines are now left with too many services as the supply curve looks like it will run well ahead of demand in 2011
Hutchison move could be good for business trusts Listing on the Singapore exchange using the business trust vehicle might see competition intensify
Happiness at work will not solve the issue of piracy How can young seafarers be 'happy' in their career when the constant threat of piracy is looming on the horizon ' and little is being done to stop it?
Indian Navy's action should be lauded The action of Indian Navy in tackling piracy has met unequivocal success and therefore should be lauded internationally
Rate warnings went unheard Shippers should have worried about rate instability when they dressed to kill liner conferences
New German shipowner targets small bulker sector Auerbach Schifffahrt has taken control of its first vessel, Maple Ingrid
Brittany Ferries eyes LNG-powered ships Working with STX Europe to develop designs for LNG and electric dual-fuel ferries
Contract breach warning as crew refuse to take ships near Fukushima It is still too early to judge the overall impact of the Japanese earthquake and tsunami on the shipping industry
Reconstruction boom fails to emerge in Japan Data shows the impact of earthquake on ship calls lasted only a couple of days ' but analysts say predicted upturn from rebuilding may not materialise
Turkey shines out as green recyling pioneer HMS Invincible deal reflects decades of rising standards
Golar wraps up $500m West Java contract Concludes negotiations for an 11-year time charter contract for FSRU off Indonesia
Navies need more muscle to take on pirate motherships BW Group boss calls for UN resolution to allow military to take pre-emptive action
Chances 'fairly high' for boycott says head of Indian seafarers'union A refusal to work in pirate infested waters could affect oil prices
First Ship Lease Trust dragged down by low spot rates for tankers Posts a net loss of $2m in the first quarter of 2011 as distribution per unit falls by 37%
Seacor profit trebles despite less Deepwater Horizon work Records profit of $11.2m on revenues of $472.3m for the first quarter
Viterra inks Montreal lease CANADIAN grain major Viterra has signed a deal to lease and operate the Montreal Port Authority's grain terminal, starting 1 July
Deepwater Horizon battle erupts into courts BP HAS filed a flurry of lawsuits in an attempt to offset its huge financial losses from the Deepwater Horizon rig disaster
Pirates seize Italian bulker PIRATES seized an Italian bulker with 21 crew members off Somalia today, according to EU NAVFOR
Russia, China squabble over oil pricing RUSSIA'S Transneft told Fairplay today trust has broken down between Russia and China over crude pricing
Libya dodges sanctions with oil transfers LIBYA'S regime is conducting ship-to-ship reloading at a Tunisian port to dodge sanctions, IHS World Markets Energy reported today
Subscriber notice THERE will be no news bulletins tomorrow or on 25 April because of the Easter holiday weekend
Brunswick ro-ro sector thrives in US GEORGIA'S Brunswick port said today it raised the number of vehicle and machinery units transported in ro-ros in March by 35% year on year
Truck drivers strike at Shanghai ports A STRIKE by hundreds of truck drivers has disrupted work at Shanghai port, IHS Global Insight reported today
Suez revenues finally rise REVENUES from the Suez Canal rose in March for the first time this year, IHS Global Insight reported today
Sandstorms stymie Kuwait VESSEL movements from Kuwait ' the world's fifth-largest crude exporter ' are reportedly suspended today because of severe sandstorms
Grain ban costs Novorossiysk RUSSIA'S only publicly listed port, Novorossiysk Commercial Seaport Co, has issued its year-end financial report showing a 6% fall in revenues to $635M
FSL posts $2M in losses SINGAPORE'S First Ship Lease Trust has posted $2M in net losses for 1Q2011, reversing $700,000 in net profits for the same period last year
La Havre box traffic falls by 14% TRAFFIC at France's leading box port Le Havre plummeted 14% in the first quarter from that part of 2010
USA Truck Loses $2.7 Million Despite Revenue Growth Truckload carrier USA Truck lost $2.7 million in the first quarter despite a 17.4 percent surge in overall revenue to...
GATX Profit Rises 6.4 Percent on Rail Demand Railcar lessor GATX sees a tightening market for freight cars, as utilization rises in its equipment fleet and lease renewal...
Charleston Containers Grew 5.7 Percent in March The container volume handled by the Port of Charleston increased 5.7 percent in March from a year earlier even though...
Short Line Railroads See 9 Percent Traffic Gain North America's small and regional railroads are enjoying a surge in traffic so far in 2011, with overall volume up...
Rotterdam Screening Ships from Japan for Radiation The Port of Rotterdam Authority detected no radiation above prescribed standards on five vessels that left Japan after March 14...
Chinese Truckers Protest High Fuel Costs, Private Fees Chinese truck drivers are striking this week in Shanghai due to rising fuel costs and increased fees charged by private...
USPS Starts Regional Parcel Service The U.S. Postal Service, looking for more package business from online retailers, is launching a regional parcel delivery service with...
TUI Sets May Deadline for Hapag-Lloyd Bids TUI, co-owner of Hapag-Lloyd, asked Chinese group HNA and Oman's Onyx Investments to make binding bids for a stake in...
KCS 1Q Profit Leaps 91 Percent to $63 Million Kansas City Southern, the smallest of the North American Class I railroads, posted a $63 million profit in the first...
Eurogate Profit Surged 30 Percent in 2010 Eurogate, Europe's largest container terminal operator, increased 2010 net income 28.9 percent from a year ago to $89.3 million, as...
Canadian Pacific Profit Falls 67 Percent to $36 Million Canadian Pacific Railway saw its first quarter earnings plunge 67 percent from a year earlier to nearly $36 million (U.S....
Hanjin Boxship Escapes Pirate Attacks A South Korean naval ship Thursday rescued a Hanjin Shipping container ship that had been attacked by pirates in the...
Cosco, Hanjin Add Prince Rupert Services Canada's West Coast port of Prince Rupert will add two new weekly trans-Pacific services in May, one by China Ocean...
Heavy Truck Orders Jump 20 Percent The backlog in Class 8 truck orders reached levels in March not seen since 2006, as net orders jumped almost...
Union Pacific Q1 profit up 24% Union Pacific Corp. said Tuesday it had first quarter net profit of $639 million, 24 percent more than in the first quarter of 2010. Operating revenue was $4.5 billion, 13 percent more than in the first quarter 2010. The railroad saw volume growth...
ANS feeds Atlas' exports to South America Airline Network Services and Atlas Air have joined to launch export air shipments from the U.S. West Coast to South American markets. Tubbesing Atlas Air operates the world''s largest Boeing 747 freighter fleet. General service agent ANS, based in ...
Yang Ming alters intra-Asia loop A Yang Ming-led intra-Asia service connecting China and Indonesia has undergone some changes, according to research by American Shipper affiliate ComPair Data. The line's PAS service, which it previously operated with STX Pan Ocean, has a revised r...
Maersk to raise eastbound transatlantic rates Maersk Line said this week it will raise rates from the United States, including Guam, Puerto Rico and the U.S. Virgin Islands, to northern Europe effective May 15. The increase is $125 20-foot container and $250 per 40-foot, 40-foot high cube, or ...
Hainan-TS Lines add 2nd transpacific loop A new transpacific service offered by Hainan PO Shipping and TS Lines has begun operating, according to American Shipper affiliate ComPair Data. The two lines' TP1 service, with a rotation of Ningbo, Shanghai, Long Beach, Oakland and Ningbo, will o...
Pirates attack Hanjin containership Hanjin Shipping said one of its container vessels was attacked by pirates near the Gulf of Aden early Thursday morning. The 6,500-TEUHanjin Tianjinwas heading eastbound to Singapore from Europe when the attack occurred. TheTianjinis deployed on the...
Big changes on Maersk AE7 loop A Maersk Line service between Asia and Europe is undergoing significant rotation and capacity adjustments, according to research by American Shipper affiliate ComPair Data. Maersk has dropped two ships from its AE7 loop -- taking it from 12 to 10 ...
Answering the 40,000-member question
Fewer, smaller, faster ships Big changes on Maersk AE7 loop A Maersk Line service between Asia and Europe is undergoing significant rotation and capacity adjustments, according to research by American Shipper affiliate ComPair Data. Maersk has dropped two ships from its AE7 lo...
Railroads' results mixed Union Pacific Q1 profit up 24%Union Pacific Corp. said Tuesday it had first quarter net profit of $639 million, 24 percent more than in the first quarter of 2010. Canadian Pacific 1st quarter profit dropsCanadian Pacific Railway reported first quar...
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