Global warming will open up shipping routes in Arctic Global warming will have a devastating effect on roads in the Arctic, but open up tantalising routes for shipping, according to a study published on Sunday in the specialist journal Nature Climate Change.
CMA shareholder buys half of port firm's Malta unit Yildirim Holding AS, a Turkish container port operator that owns 20 per cent of France's CMA CGM SA, has agreed to buy 50 per cent of Malta Freeport Terminals from CMA CGM for 200 million euros (S$352.6 million).
Rhine shipping problems persist as water stays low Water levels on the Rhine and Danube rivers in Germany remain low after hot, dry weather and some vessels are still sailing 80 per cent empty, traders said yesterday.
Volvo Trucks expanding The Swedish commercial vehicle manufacturer Volvo Trucks is reinforcing its presence in Germany by two new truck centres. Truck centre east near Berlin will be used as the head off...
Scania building new branch office in Braunschweig The truck manufacturer Scania is investing around EUR 5 million in a new branch office in Braunschweig (Germany). The facility, which is located next to the A2 motorway, will be op...
Road works on the A8 in Austria Road works have started at the Pichl-Bad Schallerbach-Wels junction on the A8 Innkreis motorway (Austria). They are slated to last until 14 July. The Upper Austria Chambe...
Traxon Europe lands contract from Jade Cargo International The Chinese freight-only carrier Jade Cargo International has signed a contract with Traxon Europe, a provider of electronic communication services for the airfreight industry. The...
DB Schenker Rail links Tata Steel works in Wales and the Netherlands On behalf of the global steel producer Tata Steel, DB Schenker Rail has set up a shuttle service connecting the former's steel works in Ijmuiden (Net...
South Africa: container rail solution for Eskom Coal paying off South Africa's Transnet Freight Rail and Eskom have introduced an innovative container solution to haul coal by rail from various source mines to Eskom power stations. This comes n...
Russian Railways and Austrian Railways to collaborate Russian Railways and Austrian Railways (ÖBB) have signed a cooperation agreement on three core activities, encompassing logistics and intensifying freight shipments between Asia an...
World's first solar-power assisted vessel further developed In June, Nippon Yusen Kabushiki Kaisha (NYK Line) , Kawasaki Heavy Industries Ltd (KHI), the Monohakobi Technology Institute (MTI), and Nippon Kaiji Kyokai (ClassNK) are to begin s...
Bremen's ports live up to previous record performance The twin ports of Bremen and Bremerhaven (Both Germany) got off to an excellent start in 2011. During Q1/2011, the two facilities raised their total ocean freight throughput by 16....
WWL appoints new executive in China Wallenius Wilhelmsen Logistics (WWL), the global shipping and logistics provider, has appointed Xavier Leroi as its new managing director in China. Leroi, the former head of W...
GL Maritime Software develops software for machinery condition monitoring The shipping industry is eager to cut downtime and costs wherever possible, as it is facing greater economic and ecological challenges than ever before. Scheduled but unnecessary m...
Moscow Domodedovo airport gets new runway According to an official statement of the Russian Federation's Ministry of Transport, a resolution has been adopted to construct a new runway at Moscow Domodedovo airport. The new ...
ICAO and partners agree on steps to reduce runway-related accidents The International Civil Aviation Organization (ICAO) and its industry partners that participated in the first Global Runway Safety Symposium last week agreed on measures to reduce ...
Transco and Heppner collaborating in Germany The German transport firm Transco Süd Internationale Transporte and Heppner Singen (formerly based in Rielasingen) have signed a new strategic alliance. Heppner Singen, w...
Hitachi Transport System takes over Vantec Corporation The major international logistics service provider Hitachi Transport System Ltd (HTS) has bought a large part of the listed Japanese company Vantec. In April this year HTS bid...
Kuehne + Nagel celebrates 20 years in Slovakia 20 years ago Switzerland-based logistics corporation Kuehne + Nagel founded its national company in the Slovakian capital Bratislava. Today, this anniversary was celebrated with nu...
Shell charters aframax from Syria Anglo-Dutch energy major faces accusations of supporting Syria's regime by booking tankers to ship oil from the divided country
Brussels drives in the thin end of the wedge The European External Action Service amounts to a full scalediplomatic service, which is exerting its baleful influence on the IMO
Yildirim confirms Malta Freeport stake Turkish group has confirmed it has concluded a deal in principle to acquire CMA CGM's 50% stake in Malta Freeport terminal for $285m
Private power in LNG Whispers are being heard in financial circles that GasLog, and perhaps one other Greek player, could be a future candidate for the capital markets
Greek trio lines up $1.2bn in LNG orders Dynagas contracts pair from HHI as both GasLog and Maran Gas keep talking to builders
New company lifts prospects for Papua New Guinea floating LNG Three big name partners committed to growing the industry by formally establishing a new company
German owners prepare to abandon flag Owners push for greater financial compensation for flying the German flag
Fate of toxic waste controversy vessel under dispute US cash buyer GMS denies Gulf Nash has been sold for scrap
Surge in capesize scrapping expected Norwegian broker Lorentzen & Stemoco says as many as 100 capesizes could be disposed of by the end of this year
Thoresen Thai shareholders step up bid to restructure company Group of 75 shareholders calls on company to hold extraordinary general meeting
NOL faces falling freight rates Container volume rose 9% in April but Deutsche Bank warns freight rates could fall more
Thenamaris orders tankers at STX South Korea Four 50,000 dwt tankers, worth $150m, to be delivered from the second half of 2012
UASC secures $205m bank loan Funding to go towards a series of nine 13,100 teu containerships
Asia-Europe freight fears The amount of capacity entering the trade is weighing down the market
APL embraces cold-ironing to cut California emissions Box line spends $11m to retrofit five boxships and re-wire its Oakland terminal
NOL Volume Grows, Pricing Slips Ocean container volume for Neptune Orient Lines and its APL shipping subsidiary rose jumped 9 percent in the four weeks...
UASC Lines Up $205 Million For Vessel Buys United Arab Shipping has a new $205 million loan facility to finance the acquisition of two container ships with capacities...
Turkey Canal Plan Hinges on Election Turkey's bold plan to build a canal to divert shipping from the heavily congested Bosporus Strait will be put to...
America's Real Deficit in Trade American exporters are doing their part to meet the government's goal of doubling exports in five years. ...
Trade Outlook: A NY-NJ Perspective The value of U.S. international trade rebounded sharply in 2010 and is now only 6.2 percent below the peak realized...
Squeezing the Most Out of Corn U.S. farmers and processors are gearing up for another big year of corn exports ' in high-value solid and liquid...
Footwear Imports Stepping Up The 2008-09 economic recession was painful for the footwear industry, but the industry is putting lessons learned to good use...
Textiles Trade Shifts U.S. textile and apparel imports have been rising this year as a result of growing confidence among importers that U.S....
Static Production When the earthquake and subsequent tsunami struck northern Japan in mid-March, killing hundreds and causing major damage to that country's...
Chemical Makers Formulate Exports After suffering a decline in production as a result of growing company layoffs and bankruptcies tied to the Great Recession...
Raw Growth When Clarence Gooden, chief marketing officer for eastern U.S. rail giant CSX Transportation, speaks of the railroad's coal business, he...
Cushioning the Economy's Impact After a year of recovery in imports of furniture and home furnishings, U.S. furniture and home furnishings importers are more...
Crops Sprouting Record Export Growth U.S. agriculture is riding high on the productivity of American farmers and a huge demand for their products in the...
Recycling: A Win-Win for Trade, Environment Recycling paper, plastics and scrap metal is good not only for the environment but also for reducing the U.S. foreign...
Looming Concerns in Cotton Market With overall exports this year at near-record levels, cotton shippers are hustling to secure equipment and vessel space in the...
Giving, the Hard Way If the world were a better place, the U.S. Agency for International Development wouldn't be among the top 100 U.S....
Because So Much Is Riding on the Ocean With the economy improving, at least one major importer and exporter thinks it's time to focus on building supply chain...
Braking Just-in-Time Japanese automakers are struggling with epic supply chain disruptions in the wake of the magnitude-9 earthquake and tsunami on March...
Weak Dollar Gives Muscle to Exports U.S. container trade is growing at two speeds. Export volume is soaring while consumer-driven imports are rising more slowly. ...
Retail Sails Higher RILA's Casey Chroust says recovering retailers remain focused on tight inventories and - say it slowly - transportation disintermediation ...
Paper Routes Which comes first, the cardboard or the box? The annual Journal of Commerce Top 100 Importers and Exporters rankings bring...
Trucking Dashboard Despite winter storms and rising energy costs, publicly owned trucking companies gained ground in the first quarter, buoyed in part...
Trucking's Technology Wave Trucking technology is approaching a crossroads as safety regulations and economic necessity drive more trucking companies to purchase and plug...
Will Boxes Go Begging? Just when shippers were starting to feel good about equipment supplies this year, carriers and container lessors alike are warning...
EC Launches Carrier Antitrust Probe When European Union antitrust authorities sprang a series of surprise visits on the offices of several of the world's largest...
Big Splash, Rapid Thrust Transportation is an asset-based, network-operating business driven largely by scope and scale. Economies of scale reduce the average of high...
Cutting in the Cards Ports are facing a new security squeeze. The Department of Homeland Security is offering $235 million for the 12th round...
Not Your Father's Transport Plan Don't expect the next long-term transportation legislation from Congress to look much like the highway bills of old. This one...
Go West, Young Exporter Companies that want to expand their export business should follow the advice newspaperman Horace Greeley gave 160 years ago: Go...
Looking the Other Way Imports from Asia are largely responsible for making Long Beach the nation's second-largest container port, but exports could lead that...
A Captain's Duty That is the title of seafaring hero Captain Richard Phillips' book - soon to be a Hollywood blockbuster starring Forrest Gump to Saving Private Ryan American actor Tom Hanks - in which he harrowingly recounts the hijacking of the containership Maersk Alabama in April 2009, and his family life-threatening decision to offer himself as a hostage to gun-toting Somali pirates, thus saving his crew from a similar fate. This enthralling firsthand account of danger on the pirate-ruled high seas, begs the question: are we asking far too much of our seafaring elite to expect them unaided to defend their ships from these ruthless maritime bandits?
Maersk's Kolding to issue new manifesto for the industry
SCI in fourth quarter loss Top Indian fleet posts increased annual profit despite a modest quarterly loss through the final three months.
Minoan stays in red Greek ferry owner sees improved first quarter figures but is still blighted by fuel prices and competition.
Mercator earnings down Coal business burns bright for Mumbai-based bulker and tanker owner.
UASC finds order finance Kuwait based joint venture line fixes $205m loan to help finance two of nine Samsung newbuildings.
HUBLine bubbling along Malaysian boxship and bulker owner's profit rockets in first three months.
Titanic plan beats estimate A huge diagram of the tragic liner drawn for the official UK inquiry into that 'night to remember' fetches $362,000.
Pipavav nets navy order Indian shipyard wins $650m contract to build five gunboats as results swing back to black.
Ofer faces new controversy Imposition of US sanctions puts shipping group at centre of political storm in Israel and sparks demand for investigation into trading links with Iran.
Mosvold cancels AHTS More woe for Singapore-based shipbuilder Otto Marine as another anchor handler is dropped.
100 capes by Christmas? Healthy scrapping of the large bulkers could bring pleasant surprise to year end, according to Lorentzen & Stemoco.
Neptune to expand output Vancouver-based bulk terminal operator is investing over $60m to upgrade its coal handling facilities.
Russian grain ban lifted The world's second largest wheat exporter is set to resume shipments on 1 July ending near year-long ban.
MPA acknowledges complaint about off-spec fuel Authority is 'checking bunker supplier's compliance with SS 600.'
CEPSA hosts CIMAC and ISO working groups Company says it proud of its 'active participation' in search for best standards.
'Exorbitant' bunker prices could be helping dry bulk sector Vessel scrapping has reached 'unprecedented' levels, narrowing the demand and supply imbalance.
Asian bunker prices falling as week starts Sluggish demand in key Asian bunkering hubs on Monday.
Bunker avails at Gladstone port to ease with cargo arrival Price indications for bunkers at Gladstone port will be available 'from June 7 onwards'.
Malaysian shipping firm expects to break-even Spot rates for company's tankers firming, driven by higher bunker costs.
APL switches to cold ironing in Oakland APL spends $11 million to retrofit five container vessels and re-wire its terminal for cold ironing.
Lukoil provides bunkers to heavylift vessel in Kaliningrad MV Eide Transporter received 900 m³ of fuel oil and 100 m³ of diesel fuel.
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