Growing dry bulk fleet seen capping rate gains Deliveries of new dry bulk ships are on course to reach their highest level ever this year and fleet expansion is expected to remain strong in 2012, ship broker SSY said on Wednesday.
Hunter expressway construction on time in Australia Another milestone has been reached on the new USD 1.65 billion Hunter expressway in NSW (Australia), construction workers having successfully removed 1 million cbm of earth. Austra...
EU's Marco Polo project open for new proposals The 2011 call for Marco Polo project proposals was recently published. EUR 57 million will be available to finance 30 projects. The call will be open until 16 January 2012. Special...
CargoLine European hub to move to Eichenzell The German general cargo alliance CargoLine's European hub is set to move from Hauneck to Eichenzell (Fulda) by 1 March 2012. CargoLine's partners will then have 3,500 sqm of handl...
Contrans cooperates with Canadian Pacific Canadian Pacific will be the exclusive Canadian rail transport provider for Contrans, deploying Raildecks' innovative multimodal flat rack containers. The agreement between the two...
Swisslog appoints Karl Pühringer as head of healthcare solutions Karl Pühringer will take over the management of Swisslog's healthcare solutions division on 1 January 2012 and join the group management of Swisslog in this role. The division has ...
Port of Dunkirk reports increase in traffic More than 3.9 million t of goods were handled in Dunkirk in September, making it the seventh busiest port in northwestern Europe. 26,000 teu were moved in the month, bringing the t...
PD Ports gears Hull container terminal up for growth Hull container terminal, operated by PD Ports, has completed the re-configuration of its container cranes and thus increased the facility's efficiency. One of the three rail-mounte...
Fiata World Congress 2014 to be held in Berlin Berlin has been chosen as the venue for the next congress of the International Federation of Freight Forwarders' Associations in three years. The German capital will host an intern...
AAT new Vladivostok Air cargo handling agent in Hong Kong Vladivostok Air appointed Hong Kong's Asia Airfreight Terminal Co (AAT) as its agent for cargo handling and documentation in the territory on 21 October, when the airline launched ...
Budapest welcomes first Cargolux B747-8F The arrival of the first Boeing B747-8F recently marked a milestone and the beginning of a new era in Cargolux's operations to and from Budapest airport. Cargolux began operating r...
LH Cargo Charter adds second partner in Canada After starting a GSA partnership with Airline Network Service for the Montreal area just a few weeks ago (see ITJ Daily of 7 September), Lufthansa Cargo Charter has now chosen Aero...
Corrigendum re "Wüst building new logistics centre in Germany" Unfortunately, we made a regrettable mistake in this article in the ITJ Daily of Monday 24 October. The correct internet address of Wüst Logistik is
Product tankers less likely to see dramatic newbuilding price cuts Limited number of specialised yards will mean less competition, says d'Amico
Win-win for shippers Asia-Europe box rates hit new 2011 lows
Cosco takes another big hit Third-quarter net loss of $330m puts China's largest shipping company $755m in red
Vale confident of high iron ore prices despite spot market dip Increasing demand from emerging economies to keep global market tight, Brazilian miner says
Supramax rates heading south Atlantic basin marked by negative sentiment as competition depresses Pacific prices
Marseilles-Fos throughput rises only 1% in nine months Ferry and cruise passengers rise 11%, but with stark contrasts on different routes
KG houses turn to third-party funding as investors shun market Many funds either put on hold or extended as uncertainty amid euro crisis continues
'Huge disconnect' in way seafarers are treated by shipping industry Crew wellbeing should be top of agenda, CSR forum is told by shipmanagers
Companies with a conscience are a better bet for loans ABN Amro says a risk assessment factoring in corporate social responsibility policy has become mandatory in new loan evaluations
Petrobras rig-building looks set for delays MS suggests that the 28th unit of Petrobras' 28-rig programme could be delivered as late as 2025
Take with a pinch of pre-salt Talk BG was selling stakes in the Santos Basin was untrue but production delays increasing
Report's model features wide range of scenarios MS study examines requirements for exploratory and appraisal drilling, as well as floating production equipment
Environmental challenges still to come post-2015 Provisions in revised Marpol Annex VI will take effect over a decade
Grimaldi seeks third-party business for Tin Can terminal Spare container capacity attracts new business
Ports in the vanguard of Nigeria's privatisation programme Private sector expertise needed to spearhead economic growth and keep momentum going
Nigerian importers welcome Apapa transformation APM takes port from slum to well-run terminal heading for 1m teu capacity
Nigeria looks east Ships designed specifically for the West Africa trades will support the region's flourishing trade with China
Cargotec revamp will shed 115 jobs Industrial & Terminal division to be split into two new business areas
Light amid the gloom Amid the alarm about profits and cash draining away, there are still some companies with positive stories
Poor spot rates and currency conversions hit d'Amico bottom line Italian product tanker company reports loss of $9.6m in third quarter
Fuel option revaluation dents Royal Caribbean third-quarter results Cruise operator reports 'gratifying' net profit rise of 14% year on year
Opportunity in the air China's shipping market is maturing, making mistakes and learning from them ' and doing some of this out in the open
Strong inland barge and diesel engine fundamentals boost Kirby profits Jones Act major posts 'record' third-quarter net profits
Tianjin Port sees profit boost in first nine months Quarter-on-quarter results show earnings are stable despite box market slump
Concern over absence of Qatari LNG tankers looks misplaced Taking 54 vessels out of service may have less impact than anticipated
Skuld head of communications quits in reshuffle Eric Jacobs' position as chief legal counsel being advertised on website
Sinotrans logistics arm clings to growth Hong Kong-listed company posts $125m profit for first nine months of year
Hutchison seals 10-year deal to operate UAE terminal Hong Kong operator to modernise Ajman Port, gateway to the smallest of the emirates
Fred Doll dies Founder of Doll Shipping Consultancy was renowned for his knowledge of the industry
Precious posts 23% fall in net profits Thai dry cargo specialist hit by low freight rates and forecasts 'challenging' two years
Russian yards offered RUSSIA'S United Cargo Logistics Holding has told Fairplay it is discussing a sale of its Oka and Nevsky shipyards to Russian Financial Corp
RCCL trims outlook ROYAL Caribbean today reported a 14% gain in profits for its latest quarter but still pared its forecast because of currency and fuel revaluations
Argentine ports blockaded TRUCK drivers demanding higher pay are blockading four Argentine ports, choking grain exports
Floods could hurt car carrier sector PARTS disruptions caused by Thailand's floods has forced automakers to halt Thai production and threatened supply to vehicle carriers, IHS Global Insight reported today
Record nears for demolitions of drybulkers BREAKINGS of drybulk carriers might reach 26.3M dwt this year, four times the level of last year, a Norwegian shipbroker has estimated
LR: follow HK provisions now LLOYD'S Register today urged the swift implementation of the Hong Kong Convention as a "robust and transparent way of finding" hazardous materials aboard ships
KNOT shuttle tankers win 10-year TC KNOT HAS secured its first long-term shuttle contract with Italian North Sea oil and gas group MNC, ENI
Oz push could soften Pacific Capesize market BROKERS told Fairplay today that the Pacific Capesize market could soften further, with Australian miners trying to push down rates amid plunging spot iron ore prices
Chinese seen tripling steam coal imports CHINESE power generators are expected to triple steam coal imports by 2014, according to IHS McCloskey
VLCC gains unlikely to last SPOT rates for VLCC tankers added to recent gains today, but analysts warned that further upturns will be short lived
Veg oil demand seen rising A GOOD harvest for vegetable oils would lower prices and spur demand, according to IHS Global Insight economist Bob Maltsbarger
NYK enters Brazil trade JAPAN'S No 2 carrier NYK Line said today it has entered domestic Brazilian box trade by taking a 10% stake in Brazilian carrier Maestra Navegação e Logistica and its two group companies
STX Pan Ocean rebuts broker SOUTH Korea's biggest drybulk carrier, STX Pan Ocean, told Fairplay today that the group is thriving, despite broker speculation to the contrary
CSCL weighs up to 12 ULCSs DESPITE announcing dramatic 3Q2011 losses, China Shipping Container Lines said today it plans to join the ULCS bandwagon by ordering up to a dozen 10,000teu ships
Boxer Challenges Mica's Transportation Plan Sen. Barbara Boxer, D-Calif., is challenging the feasibility Rep. John Mica's long-term transportation spending plan, signaling a looming battle with...
Matson Won't Add Guam Capacity After Horizon Exit Matson Navigation Co. said it has capacity to handle cargo demand to Guam without adding ships in the wake of...
Knight Boosts Revenue to $227 Million Knight Transportation increased revenue 18.4 percent year-over-year in the third quarter to $227.1 million, but profit dropped slightly to $16.6...
Container Imports Rose 1 Percent in September U.S. containerized imports rose 1 percent in September as a 25 percent jump in auto parts shipments helped offset declines...
Is Rena's Recovery a Lost Cause? Cargo owners and insurers that suffered losses in the wreck of the container ship Rena on a reef off New...
Trucking Rides a Domestic Wave Domestic truck volumes in North America are on a different course than U.S.-bound containerized ocean freight, rising faster year-over-year and...
A Market Share Shift? Some of the largest truckload carriers reported rising third quarter volumes, but not all carriers got into the fast lane....
ODFL Revenue Nears $500 Million in Quarter Old Dominion Freight Line's third-quarter revenue reached nearly half a billion dollars, a record for the sixth-largest U.S. less-than-truckload carrier....
Exports Help Push GDP Growth to 2.5 Percent The U.S. economy expanded at a 2.5 percent rate in the third quarter, the best performance in a year, aided...
Celadon Trucking Profit Jumps 23 Percent Celadon Trucking's freight revenue dropped 6 percent in the third quarter, but the truckload carrier's profit rose 23 percent as...
NY-NJ Port Authority Buys Out Terminal Lease The Port Authority of New York and New Jersey bought out the 10-year lease that American Stevedoring International held on...
North China Port in $7 Billion Expansion Dandong Port in Northern China will spend nearly $7.1 billion over the next five years to increase throughput some 67...
China Shipping Loses $149 Million as Rates Tumble China Shipping Container Lines lost $149 million in the third quarter, as weak rates caused revenue to tumble 36 percent...
Cosco Loses $325 Million, Reverses Year-Earlier Profit China Cosco Holdings, battered by weak bulk and container shipping markets, reported a third quarter loss $325 million, reversing a...
Pacer Profit Jumps Six-Fold to $6.6 Million Intermodal provider Pacer International had a 600 percent leap in third quarter profit to $6.6 million, as income from operations...
Costamare Boosts Revenue, Readies Expansion Costamare boosted third quarter revenue by nearly 13 percent from a year to $99.9 million, as the Greek container ship...
Falling Revenue Cuts Lufthansa Cargo Profit 57 Percent Lufthansa Cargo's profit fell 57 percent year-over-year to $50.4 million in the third quarter, as the German air carrier warned...
Rena clean-up costs mount Costamare says its containership Rena is a total constructive loss. The incident will have a financial impact on the company but says it has insurance for pollution, salvage, clean up response, hull and machinery and third party claims.
OOCL puts more big ships on Intra-Asia OOCL is increasing the vessel size it operates on its KTX 2 loop, linking Japan with South China and Thailand, from 2,742 TEUs to 4,562 TEUs. Its Japan to Singapore KTX 1 loop already has 4,500-TEU ships.
Canada signs environmental maritime convention Global regime will increase levels of compensation to those affected by pollution from hazardous and noxious substances caused by ships.
Fujairah prices steady In Cape Town, MGO deliveries were available for supply up to and including November 10.
Rotterdam bunker market 'has taken a pause' In Hamburg, there was good demand in the marker for products.
Market sees 'unprecedented' volumes of fuel oil Trader says prices are 'unsustainable' and that the fall will be 'drastic'.
SkySails in project to develop emissions-free yacht Solar-electric kite yacht will 'revolutionise the yachting world.'
Fuel oil stocks at 4-week high Arbitrage volumes to remain strong into November.
Bunker tanker replaced at wreck scene Tug now being used to receive de-bunkered fuel.
IFO prices down at key bunker hubs Supplies of bunker material mixed at key Asian ports on Thursday.
French ferry service to use lithium-ion powered vessels Each hybrid ferry will be equipped with a 140 kWh lithium-ion battery system, says Saft.
Kirby posts 'record' earnings in Q3 Due to high inland tank barge utilisation levels and favourable term and spot contract pricing.
Costamare narrows quarterly profits Grounding of Rena to have 'financial impact' to Costamare.
Fuel transfer from Rena 'slows down' 737 mt of fuel removed from Rena as of Wednesday afternoon.
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