Emirates SkyCargo boosts Australian trade links 1 November: with today's service launch of four weekly flights between Dubai and Adelaide, Emirates SkyCargo, the freight division of Emirates, will carry up to 14 t of freight per...
Changes at Railistics in Wiesbaden Railistics reinforced its team in Wiesbaden (Germany) by the addition of Heiko Ifland, Lokomotion's former rail operations officer, on 1 October 2012. Ifland started his career at...
Survey confirms Peel Airports' concerns over UK aviation policy Peel Airports, the owners of Liverpool John Lennon airport and Robin Hood airport Doncaster Sheffield (both UK), have welcomed the results of a recent survey of well over 2,000 Bri...
Volkswagen Nutzfahrzeuge sees worldwide increase in HGV sales The German commercial vehicle manufacturer Volkswagen Nutzfahrzeuge delivered 409,3000 vehicles in the first nine months of the current year. This equates to a 4.9% increase in wor...
Transnet awards contract for 95 electric locomotives to Chinese manufacturer CSR A consortium led by Chinese manufacturer, CSR Zhuzhou Electric Locomotive (CSR) has won the bidding to supply 95 electric locomotives to the South African rail service provider Tra...
European Investment Bank continues to support modernisation of Polish railways The European Investment Bank (EIB) is providing two loans amounting to EUR 165 million to the Polish railway company PKP. The EUR 100 million loan will finance the modernisation o...
Steadily increasing cargo capacity at Durban airport Tonnage through South Africa's Dube Cargo terminal (Durban) has shown impressive growth of between 30% and 33% year-on-year in terms of imports between 2011 and 2012. Overall cargo...
Iveco delivers fleet of 34 natural gas-powered vehicles to Sydeme Iveco, a member of the Fiat goup, has delivered 34 natural gas vehicles (NGVs), to Sydeme, the public company in charge of domestic waste management in Moselle-Est (France). Six of...
Joeris new president of European inland navigation association Heinz-Josef Joeris was elected president of the European Association of inland navigation and waterways (VBW), effective 19 October. He will be in office for three years and ...
Quick release emergency relief funds for Hurricane Sandy damage in New York and Rhode Island The US transportation secretary, Ray LaHood, has just announced that he is making USD 13 million in quick release emergency relief funds immediately available to New York and Rhode...
UK: Royal Mail/Parcelforce wants to expand parcel network The British postal operator Royal Mail is set to create 1,000 new jobs with a GBP 75 million investment in its UK express parcels business, Parcelforce Worldwide, over the next fou...
UPS opens new healthcare facilities in Asia-Pacific The US parcel service and logistics service provider UPS has opened three new facilities dedicated to the healthcare industry - one each in Hangzhou and Shanghai (both China) and ...
Liebherr mobile harbour crane for Manzanillo The fifth Liebherr mobile harbour crane supplied to Mexico went into service at the port of Manzanillo in October. The new LHM 550 further strengthens the container handling fleet ...
Gefco Spain conveys 3,000 Michelin tyres in record time The overseas division of Gefco Spain recently carried out an urgent transport job in record time for the car manufacturer PSA Peugeot Citroën. The contract was for the carriage of ...
Asia/Europe box rises gaining momentum GLOBAL liners gained traction today in their attempts to win rate increases, as the World Container Index posted a 38% price increase for the Asia/Europe trade
NCL outperforms rivals NCL has reported better profit and yield trends than larger competitors Carnival and Royal Caribbean
Kawasaki HI profits jump 92% KAWASAKI HI's shipbuilding and offshore arm posted a 91% year on year jump in profits for the six months ended September 2012
SMM seen raising repair revenues by 70% SEMBCORP Marine stands to increase ship repair revenues by up to 70% in 2014, when its Tuas yard opens, a sector analyst predicted today
Eimskip launches IPO EIMSKIP, the Icelandic container shipping and logistics group, has launched an IPO to bring the company back to NASDAX OMX Iceland after restructuring that was triggered by implosion of the Icelandic economy in 2008
Havila profits leap ahead HAVILA Shipping, the Oslo-listed offshore service vessel operator, today reported improved 3Q12 and year-to-date results
Listed companies lose profits THIRD-QUARTER fiscal reports of 13 listed shipping companies on China's Stock A market saw a total loss of RMB 8.5Bn ($1.4Bn) from 1Q to 3Q, marking a drop of more than 180%
Steep fall in GPPL profit SHARES of APM Terminals-owned Gujarat Pipavav Port (GPPL), which operates the Pipavav Port, touched a new low today at Rs46 (about $08) per share on the Bombay Stock Exchange
Administrators take helm at Oz cruise unit CLASSIC International Cruises Australia has gone into administration - just days after seemingly solving a vessel snag in its December-April cruise itinerary
Rescued mariner dies AS SEARCHERS continued today to seek traces of five missing seafarers near Chennai's port, one of 32 mariners rescued after it grounded died
Key LPG price hits 8-month record SAUDI ARAMCO has raised LPG prices to an eight-month high
SHI's profits soar by 150% SAMSUNG HI told Fairplay today that drill ship orders have raised the yard's 3Q profits by 150% year on year
'Pretty spooky' '13 warned GROWTH rate restoration in 2013 - if it happens - cannot alone restore shipping's capacity supply and demand balance, delegates heard today in Amsterdam
Bulker recovery seen skipping all of 2013 SQUEEZED bulker operators need to wait until the second half of 2014 for "meaningful recovery", the Mare Forum Shipfinance 2012 conference heard today
Capesize owners urged to continue slow steaming CAPESIZE owners are being urged to refrain from raising vessel speeds despite an increase in spot rates because bunker prices are still higher than last year, DNB Bank said today
Delays Frustrate Port Metro Vancouver Truckers Canadian motor carriers, cargo interests and marine terminal operators at Port Metro Vancouver are struggling with a capacity issue during the widely used daytime shift. Truckers attempting to make appointments to pick up or drop off containers are being shut out, sometimes for several days at a time, because all...
UK P&I Club hikes rates The UK P&I Club, one of the oldest shipping protection and indemnity insurance mutuals, will introduce a general increase of 7.5% for 2013. In an environment ...
China's PMI moves into expansion mode The 'official' Chinese Purchasing Managers' Index [PMI] is now showing growth again having climbed above the watershed 50 level to 50.2 in October.It is good news ...
PNYNJ still stymied by Sandy The Port of New York & New Jersey - the biggest port on the east coast of the US - is still unable to give a timeline for re-opening following the devastating ...
Bunker price early Christmas gift for liners? A significant factor that will determine the financial fate of many ocean carriers during the vital coming weeks ahead of their full-year results is the price of ...
Japanese trio all lose at H1 The three major Japanese shipping groups have all posted net losses for the first six months of their trading period that ends on March 31, 2013.MOL, the largest ...
Horizon brightening Charlotte, NC-headquartered Jones Act carrier, Horizon Lines posted a net profit in the third quarter of the year of USD1.4 million, albeit that for the year to ...
Sandy hits TradeWinds Distribution of this week's edition of TradeWinds in North America is disrupted as air cargo shipments continue to be affected by superstorm Sandy.
Golar shoots skywards Golar LNG's stock is running hot in the US today following news of its first dip into the floating LNG market.
Capital confident on divi A collapse of three lucrative charters with Overseas Shipholding Group will not hit the pockets of investors in Capital Product Partners, according to Ioannis Lazaridis.
Progress for Asphalt men? The former manager of the hijacked bitumen carrier Asphalt Venture is stepping up efforts to free the remaining seven men held by Somali pirates.
Wan Hai on way up Taiwan's Wan Hai Lines has benefited from falling costs to post a better profit in the first three quarters.
ICAP sounds cape fear Cuts to port investment could lead to a large percentage of the capesize newbuilding catalogue struggling for work, a leading shipbroker says.
Shih Wei books four Taiwan's Shih Wei Navigation has added four bulkers worth around $120m to its growing Japanese orderbook.
Amurskaya "not cleared" Russian investigators claim the Russian cargoship that went missing in the Okhotsk Sea this week had not been cleared to leave port.
Golar in FLNG drive John Fredriksen's Golar LNG has confirmed industry speculation and revealed a plan to enter the floating LNG space.
P+S cancelling five ships? Insolvent German shipyard P+S Werften may tear up five newbuilding contracts in a bid to secure European approval for new financing.
Ofer Holdings becomes XT Israel's Ofer Holdings Group has changed its name to XT Group to "end the confusion" over its place in the sprawl of wider Ofer family interests.
Intermodal in eco warning Impressive fuel saving figures from Scorpio Tankers have failed to silence the debate on eco ships.
Pirates steal tanker cargo The cargo of a small tanker has been stolen by pirates who hijacked the vessel from a Labuan anchorage two weeks ago.
Eidesvik in offshore return Kristian Eidesvik is set for a return to the offshore sector after teaming up with former DeepOcean heavyweight Kaare Johannes Lie.
Forex hits Algoma profit Canada's Algoma Central Corporation has posted a drop in nine-month earnings due to currency exchange movements.
Naikai on the slide Japan's Naikai Zosen is facing a second-half loss after posting weaker profit in the first six months.
NCL in the money Miami-based cruise line NCL has posted a big increase in earnings as it kept costs low.
Weak spot hits Havila A disappointing North Sea spot market has shaved third quarter returns at Havila Shipping.
Eimskip launches IPO Icelandic container line Eimskip has kickstarted its IPO week by selling $65m of shares to institutional investors ahead of a domestic listing.
Hornbeck misses mark Hornbeck Offshore returned to the black in the third quarter but its swing did not connect as well as Wall Street had projected.
Seven crew feared dead One seafarer has drowned and another six were missing after an Indian tanker grounded near Chennai in Cyclone Nilam.
Samsung doubles earnings South Korea's Samsung Heavy Industries has seen profit rise more than 100% in the third quarter as offshore orders boomed.
Bourbon crew released Seven crewmembers kidnapped from an offshore vessel off Nigeria last month have been freed, the shipowner said Thursday.
Goldenport scraps Tilos Goldenport Holdings has cleared out another elderly bulker as it looks to bring a bit more youth to its fleet.
Weak rates bash Baltic Baltic Trading has slumped to a loss of $4.8m in the third quarter as dry bulk rates fell by almost half from a year ago.
NMS faces takeover bid Neptune Marine Services has received an unsolicited takeover bid from investors in Singapore, the company has confirmed.
Cargill renews GNK capes Cargill has agreed to extend its charters of a number of Genco bulkers at a mixture of floating and fixed rates.
Genco books $38.5m loss Genco Shipping & Trading has reported a third quarter loss of $38.4m as weaker rates took their toll on the shipowner.
Cleanup continues at NY/NJ marine terminals While the ports of Philadelphia, Baltimore and Norfolk said operations were returning to normal following Hurricane Sandy, it appeared many facilities in the Port of New York and New Jersey will be closed at least through the weekend.
CSAV turns first profit in 8 quarters For the year, the Chilean liner is still in the red, with a $244.6 million operating loss through three quarters, but that loss is a 74.2 percent reduction year-on-year. Revenue also fell 30.5 percent for the carrier.
RedPrairie buys JDA in major supply chain software deal
Netherlands gives UPS more time for TNT offer The offer period is further extended until one week after clearances from the European Commission and the Chinese Ministry of Commerce (MOFCOM) have been obtained, but under no circumstances later than Feb. 28, 2013.
U.S. soybean exporters seek bigger EU market share "Central to our concerns with EU biotech labeling and renewable energy regulations is the fact that they represent discriminatory non-tariff barriers to U.S. access to EU markets for soybeans and soybean products," the American Soybean Association said.
Eco premium not guaranteed, says broker Market is dynamic and could erase much vaunted gains of fuel efficient tonnage.
Prices fell for third day in Fujairah Limited avails in Suez.
Rotterdam MGO prices see double digit drop Bunker prices falling in most European hubs.
Gunvor signs contract with Rosneft to export refined products Gunvor refers to contract as a 'landmark deal'.
Closure of 'teapot refineries' could hit fuel oil demand Chinese fuel oil imports have been in decline, says Poten & Partners.
Fuel oil inventories down 7% week-on-week But Singapore stocks expected to remain high in coming weeks.
Hijackers seize bunker vessel 'Crew held hostage for five days.'
'Good opportunity to lock up' cheap bunker fuel Shipping companies should take advantage of decline in oil prices.
Expect high distillate prices over the long term Competition for scarce resources will keep prices up, says SEAaT's Aitken.
Bunker prices follow downward curve Supplies of bunker fuels were fine at key Asian ports on Thursday.
New name for Wilhelmsen group's bunkering arm Wilhelmsen Premier Marine Fuels now called Wilhelmsen Marine Fuels.
CSAV sees 'encouraging' results for Q3 Return to profit signals 'deep impact' of restructuring.
Spanish ferries to use LNG Moves comes ahead of IMO regulations to further limit sulphur levels in bunker fuel.
NOCC raises funds to acquire fuel-efficient vessel Raises $14 million from the private placement of shares to acquire the 2010-built vessel.
Guangdong Zhenrong to acquire Titan storage assets Court sanctioned sale of certain assets of StorageCo to Neptune Storage, which the Chinese investor acquired.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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