Stricken cruise ship arrives in M'sian port safely A luxury cruise ship with 1,000 people on board that was stranded for 24 hours after a fire arrived at a Malaysian port late on Sunday, a maritime official said.
Carnival cruise ship released from Texas port A Carnival Corp cruise liner was released to sail from a Texas port by a US judge who ordered it seized on March 30 in a lawsuit over a death in the Costa Concordia shipwreck off Italy.
Indebted Torm fails to raise capital: report The future of indebted Danish shipping company Torm looks set to be determined by its banks after talks over a capital injection collapsed on Friday, the Financial Times said.
Iraq working to defuse Hormuz
Low water levels hamper Rhine river shipping
Malta delists Iranian tanker carrying Syrian crude
FedEx opens new offices in USA US-based FedEx Corporation reported that its freight forwarding unit FedEx Trade Networks has opened three new US offices as part of an ongoing expansion programme. The new premise...
Opening of first duty-free reefer depot Decoexsa Maroc, a leading Moroccan groupage haulier, has announced the opening of a temperature-controlled facility within its duty-free depot in Casablanca in May. The capacity wi...
APM Terminals in implementation phase for Moin Container Terminal APM Terminals' Moin Container Terminal (TCM) concession agreement with the Costa Rican government has received final endorsement from the country's comptroller general office. With...
Korean boosts cargo customer base for Swissport in Amsterdam Swissport International, one of the world's leading providers of ground services for the aviation sector, has won a significant new customer at Amsterdam Schiphol airport in the sh...
Japan and Sri Lanka ink open-skies agreement Japan and Sri Lanka have concluded a revised bilateral air service agreement, which includes an open-skies deal, starting in 2013. With respect to cargo transport, the main highlig...
Dubai reports volume upturn in February Dubai international airport's freight volumes witnessed an upturn after months of flat growth, according to the monthly traffic report for February issued by Dubai Airports. After ...
DST gains furniture maker blueroom as new customer DST m'bel mobil, based in Rekingen (Switzerland), has gained a new customer in the shape of blueroom Kindermöbel. DST will manage the central warehouse, pick inbound orders and org...
InterRail intensifies cooperation with China Railway International Multimodal Transport InterRail Trans Siberian Express Ltd, a subsidiary of Switzerland-based InterRail Holding AG, has signed an agreement with China Railway International Multimodal Transport (CRIMT) ...
P&O Ferrymasters set to expand its key Benelux-Finland business P&O Ferrymasters is set to expand its key Benelux-Finland business after signing an exclusive agency agreement with Finland-based Greencarrier Freight Services, a member of th...
First Scania euro 6 trucks now being registered The EU Commission's euro 6 emission regulation was recently adopted, making it possible to register heavy vehicles according to the new standard. The Swedish vehicle manufacturer S...
ID Logistics newly listed on the stock exchange The French logistics company ID Logistics, which has grown strongly and consistently in Europe since it was founded in 2002, recently completed its initial public offering. The ser...
U-Freight partner Tracosa Aduanas gains AEO status in Spain Tracosa Aduanas, the Spanish independent freight forwarder and agent of the U-Freight Group (UFL), has become an authorised economic operator (AEO) in the customs simplifications c...
Shipping's matchmaker Capital Link's Nicolas Bornozis brings together investors and owners
Substance before style Logistics needs a little more customer focus, a little less preoccupation with its image
VLGCs fixed with discharge options Oversupply in Middle East Gulf due to falling Iranian LPG exports
Crowley keeps shipyards guessing on boxship orders US company eyes newbuildings for domestic and foreign trades
K Line capesize sells for further trading at scrap value Bulker, 16, sells for $500,000 above demolition price
Valencia in ambitious mood Spanish hub aims to become 'Europe south gate' for Asian goods by exploiting rail link
Shipping to compete for diesel fuel Calls to match land transport requirements could ease supply fears
Flux Drive wins award Innovative fuel-saving system hailed as valuable contribution to green ship technology
Fuel efficiency counts for charterers Naive to think cargo owners have no interest in fuel bills, says Cargill's
Surging bunker prices boost interest in alternative fuels Industry joins forces to back research into new energy sources
Sewage discharge banned in California waters American P&I Club alerts members to new rule
Drydocks World presses on with debt restructuring Decree 57 allows Dubai yard to proceed without unanimous creditor support
Somalia divided over EU move to fight piracy on land Critics say move will drive gangs to support Al-Shabaab
DFDS military newbuildings delayed at P+S Werft Delivery of ro-ro vessels was expected in early 2012, but will now be in the latter half of the year
Fall in Indian steel prices hits Alang demand Rates paid by breakers slip week on week as currency fluctuations and ample tonnage add to weakened sentiment
Minoan posts $52m loss But giant Adriatic cruise ferries boost revenues
Navios buys NewLead handysize Frangou counts cash flow gain as compatriot continues to downsize
Tanker Pacific snaps up fresh bargain Reports say LR Torm Ugland sold for $23m
Sanko sell-off saga continues Distressed shipowner to sell 27 ships in restructuring deal
PMSC vetting reveals lack of awareness Security firms failing to grasp importance of showing due diligence
NOL scraps bond plan Weak market a setback for Singapore box carrier
Jones Act here to stay US cabotage remains off-limits to outsiders
PSA Group reports 4% drop in profit Fall belies growth in revenues and box volumes
Yang Ming dips into the red Bunker and operating expenses scupper Taiwan boxline's profits
CSA urges China shipowners to seek government aid Owner lobby calls for collective rate setting
Ex-Vinashin boss jailed for 20 years Guilty verdict for eight other former managers ends Vietnam court case
DHT launches $80m rights issue Private equity player Anchorage Capital invests $7.5m and pledges to buy shares that go unpurchased from the remaining $72.5m
Bankrupt shipbuilder Sietas set for sale Several parties interested in the group plus strong interest in repair yard and crane maker, says administrator
Italian court reduces DSV fine Penalty linked to takeover of ABX Logistics
MOL predicts smaller loss But Japanese shipowner still sees worst performance since its founding
Navios buys bulker NAVIOS Holdings said today it has acquired the 2011-built Handysize bulker Navios Serenity for $26M
Smuggled chemicals seized POLICE in Guatemala have seized $6M worth of precursor chemicals for making drugs smuggled by ship from China, IHS Global Insight reported today
Another key box rate rise sought CONTAINER rates for Far East/Europe routes could be headed up again in May
Oz strife sparks force majeure THE BHP Billiton-Mitsubishi Alliance told Fairplay today it has declared force majeure
Iran aids Syria with tanker TEHRAN is reportedly helping Damascus defy Western sanctions by providing a tanker to transport Syrian crude to China
Carnival ship released A CARNIVAL cruise ship has been released to sail to the Yucatan after being seized last week in Galveston
Drydocks World move pressures its creditors DRYDOCKS World said today it has filed for insolvency protection to encourage holdout creditors to sign on to its $2.2Bn restructuring proposal
China's iron trading net adds Rio Tinto RIO TINTO has joined fellow Australian miner Fortescue in the new China Beijing International Mining Exchange, China's first iron ore trading platform
Diesel Prices Fall for First Time in 10 Weeks Diesel prices across the U.S. fell for the first time in 10 weeks in the week ending April 2, dropping...
Freight Growth Sluggish, OECD Says Global freight volume remains below pre-recession levels in the U.S. and Europe, but is showing strength in developing economies, according...
Livingston Acquires JPMorgan Chase's Trade Business Customs broker Livingston International has completed its acquisition of the customs and trade compliance services of JPMorgan Chase's Global Trade...
ICTSI to Buy Stake in Karachi Terminal Philippine terminal operator International Container Terminal Services is buying a minority stake in a terminal in Pakistan's largest port, Karachi....
Trucking Demand Steady, Says FTR Associates Warmer than typical winter weather helped hold demand for trucking steady in February, typically a slack month for motor carriers,...
West Coast Container Volume Drops 4 Percent Container volumes at West Coast ports declined 4 percent in February compared to the same month last year, due to...
Amalfitano Named President of Evergreen's North American Agency Roy Amalfitano has been named president of Evergreen Shipping Agency (America) Corp., North America agents for global ocean carrier Evergreen...
Echo Global Logistics Expands in Arizona Echo Global Logistics is expanding its offices in Arizona to accommodate the addition of employees through the acquisition of Advantage...
Trimac Acquires Stake in Fortress Trucking Canadian bulk trucking giant Trimac acquired a 60 percent stake in Fortress Trucking for about $4.4 million, the $334 million...
Evergreen Swings to 2011 Loss Evergreen Marine swung to a $105 million net loss last year as weak rates plunged the company into red ink...
US Factory Activity Expands U.S. manufacturing expanded in March for the 32nd consecutive month, according to the Institute for Supply Management. The ISM's...
Maersk to Boost Rates From Asia to US Maersk has continued its global round of freight rate hikes by boosting levies on its services into the U.S. ...
MOL Faces Unprecedented Challenges, Company President Says Japanese shipping giant MOL believes the current cross-sector shipping recession is without historical precedent. Speaking Monday to mark the...
Honda to Export US-Made SUVs Through Jacksonville The Port of Jacksonville will handle exports of the new 2012 Honda CR-V that is being manufactured at the Honda...
Dubai, Louisville Advance in Air Cargo Rankings Dubai and Louisville were the major movers last year among the world's top 20 busiest international cargo airports, according to...
Italy Reduces DSV Antitrust Fine DSV said Italian trust busters reduced a fine related to the Danish trucking and logistics company's acquisition of ABX Logistics...
China Shipping Posts $428 Million Loss China Shipping Container Lines said weak rates and high fuel costs contributed to a net loss of 2.74 billion yuan...
TNT Express: Weak European Economy, Pricing Pressure Hit Results TNT Express, the Dutch parcel delivery company being taken over by UPS, said "mixed" economic conditions in Europe and slowing...
February Container Imports Down 5.8 Percent U.S. containerized imports declined 5.8 percent in February, the first year-over-year drop in four months, PIERS data show. Journal...
Hamburg Lawmakers Approve Increased Hapag-Lloyd Stake Hamburg lawmakers approved a $562 million investment in Hapag-Lloyd that makes the city state the biggest shareholder in the German...
Hamburg's HHLA Eyes 5 Percent Box Growth in 2012 HHLA, Hamburg's biggest stevedore, said it expects to boost its container traffic by 5 percent in 2012 and take market...
ILWU to ILA: 'We have your back' When the president of the West Coast dockworkers' union pledged full support to the International Longshoremen's Association in this year's...
Damaged Freight: Settling a Dispute at the Origin Q: We made a shipment under free-on-board-origin, freight-prepaid terms to one of our customers, applying pricing from our customer's contract...
CEVA Looks to a New Century As multinational companies pursue global expansion strategies, their key 3PLs are expected to expand with them. 3PLs, in turn, must...
3PLs Build Platform for Growth Economic uncertainty, natural disasters and fast-changing consumer markets are forcing third-party logistics providers to rethink their global expansion strategies. As...
FedEx Freight Makes Profit a Priority Delivering an annual profit this May is the top priority for FedEx Freight, which lost money in its fiscal third...
Waterfront Commission Report Adds Fuel to ILA Fire Stories of mob connections, excess staffing and $400,000-a-year dockworker pay at the New York-New Jersey port got a fresh airing...
US Footwear Importers Walking Away From China For the past decade, importers of footwear had a basic sourcing philosophy: China first, China only. Rising production costs and...
Building Confidence in Europe When Maersk Line shocked the maritime world in late March by suspending bookings in its North Europe-Asia service, it highlighted...
Transportation Policy: Shooting for the Moon Feb. 20 marked the 50th anniversary of John Glenn's launch into space and the three orbits he took around earth...
Captive Shippers May Not Get Hoped-For STB Relief Shippers challenging high rail rates will likely learn the only thing more enduring than railroads' pricing power is federal agencies'...
Time Running Out in Congress for Highway Bill Congress has a knack of making cynics into realists. Fears that the push for a transportation bill would dissolve into...
NOL aborts securities plan Singapore-based NOL, which owns the liner shipping and logistics group, APL, has pulled a capital fund raising exercise less than a week since it was launched. ...
SA's fruit export industry under threat Justin Chadwick, chairman of Fruit South Africa (FSA), believes that the future of the country's fruit export industry is under threat. In an open conference letter, ...
Ports of Auckland forced into climb-down An amazing volte-face by the Ports of Auckland [PoA] management on Friday - just ahead of an Employment Court hearing - means that port workers will be allowed ...
Taiwan trio fall down in 2011 finances Taiwan's trio of main carriers - Evergreen, Yang Ming and Wan Hai - have followed other liner companies and have seen their finances slump for 2011.Evergreen's ...
MOL: forecast of 'largest loss in history' MOL president Koichi Muto took the opportunity on the 128th anniversary of the founding of the company to warn that the Japanese carrier is facing the 'largest ...
Significant drop in inactive box tonnage The inactive containership fleet has shrunk by 146,000 TEU over the past two weeks, representing a 20% decrease to 565,000 TEU, according to the latest inactive ...
MOL to join ASA service to target China/South Africa market Mitsui OSK Lines (MOL) is to join up with fellow Japanese liner services company K Line, and its partner Pacific International Lines (PIL) in a move that is designed ...
PSA: we will continue to invest Despite a challenging year just gone and an uncertain outlook for 2012, Singapore-headquartered port operator, PSA International's group ceo, Tan Chong Meng, has ...
More action in Poland ICTSI's subsidiary Baltic Container Terminal in Gdynia (Poland) has obtained a grant of PLN53.8 (USD17.3) million from the EU to subsidise part of its PLN153 (USD49.2) ...
Prices firmer in Fujairah Prices in South African ports mainly lower on Monday.
Prices lack direction in European Ports Some congestion and tight barge schedules reported in Piraeus.
March global bunker price overview Intermediate fuel oil grades traded within tight ranges across most regions throughout March.
Officials reiterate need for shore power at New York cruise terminal With leadership changes at the Port Authority and a higher price tag 'it is critical this project not fall by the wayside,' says US Congresswoman.
O.W. Bunker prepares for US market expansion Aims to launch trading operation in Houston in May, with further plans to expand on the East and then West Coast.
Kongsberg Maritime buys out Jotron Consultas 'Jotron Consultas' C-Loading software and Fleet Management Software in particular, are both a strategic match for Kongsberg Maritime,' says Executive VP.
IFO prices largely up at major Asian ports Avails of bunker fuels fine at key Asian ports on Monday.
Swiss-based bunker trader expands with ARA office Substantial growth for company as it opens new office in the Netherlands.
Gelso M fuel removal operations successfully completed Total of 387.14 cubic metres of gasoil and other fuels recovered from the vessel.
Taiwanese shipping firms swing to losses Evergreen and Yang Ming in the red for 2011 but Wan Hai manages to stay in the black.
Singapore introduces 'mandatory enhanced bunkering course' Part of efforts to enhance the professionalism and competency of its bunkering cargo officers.
Rebound in Asia's box rates 'merely' recovering bunker costs Higher rates recouping the ground lost as a result of rising bunker fuel prices, says OSK Research.
Cosco International's bunker arm reduces 2011 sales Sinfeng 'prudently operated' its business amid weak market conditions; initiates legal proceedings against a customer.
China fuel oil imports up 7% on-month in March Volume amounted to 2.9 million mt, up 180,000 mt from volumes delivered to China in February.
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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