Emirates deploys larger aircraft to Newcastle but postpones Erbil service increase The carrier Emirates is set to deploy larger aircraft on its flights between Dubai (UAE) and Newcastle (northern England) from tomorrow (1 September). The changeover from Airbus A3...
Korean Air to increase cargo capacity on Incheon-Vladivostok route Starting tomorrow (1 September), Korean Air will operate a B777-200ER instead of B737-900ER on its Seoul Incheon - Vladivostok (Russia) route. By using a wide-body aircraft, the ca...
Denholm Global Logistics transports project cargo from China to Brazil Denholm Global Logistics, the Worldwide Project Consortium (WWPC) member for the UK, recently shipped the latest installment of an ongoing project for Siemens Metals Technologies ...
Volvo now producing I-Shift in North America The Volvo Group now produces its I-Shift automated transmission in North America. The company has invested USD 8 million in the powertrain facility in Hagerstown MD (USA). The inve...
Britton Transport expands through acquisition in North Dakota Britton Transport has acquired Scott's Express and Scott's Transportation Services, located in Grand Forks, ND (USA). Scott's is a nationwide trucking and truck brokerage company, ...
EBRD: EUR 46.4 million loan upgrade part of pan-European rail corridor VIII The FYR Macedonian rail network ' which is mainly divided into two corridors - needs an upgrade on a 30 km stretch of track from Kumanovo to Beljakovce. The European Bank for Recon...
Switzerland: support for intermodal service providers after Gotthard closure The Gotthard railway in Switzerland had to be closed for four weeks in early summer due to a major rock fall. This led to loss of earnings and/or more costs for companies that oper...
ACI 2011 World Airport Traffic Report confirms weakened cargo traffic The director general of ACI World, Angela Gittens recently announced the publication of ACI's 2011 World Annual Traffic Report, based on data from over 1,500 airports in over 150 c...
Damco: new global head for industrial vertical activities Damco, part of the Danish A.P. Moller- Maersk group, appointed Steve Hoffman as global head for the industrial vertical, effective 1 August. Hoffman, who is responsible for develop...
Schneckenreither extends company headquarters in Austria The Austrian forwarding company Schneckenreither has extended its headquarters in Ansfelden, near Linz, by the addition of a state-of-the-art logistics centre. Around EUR 2.25 mill...
Toll Group: revenue up, profits down in 2011/12 financial year The Australian logistics service provider Toll Group has released its annual results for the 2011/12 financial year. Revenue for the year ending 30 June 2012 came to AUD 8.7 billi...
DSV Road Ltd joins Green Freight Europe DSV Road Limited has joined Green Freight Europe to further help reduce CO2 emissions from road transport. Green Freight Europe is a new, voluntary initiative promoting cooperation...
New Orleans reopens A BACKLOG of vessels today began moving in and out of the New Orleans port, which began digging out after Hurricane Isaac
Höegh LNG plans spin-off NORWAY'S Höegh LNG said today it plans to spin off its floating LNG assets and liabilities to a fully owned Bermuda subsidiary
PTTEP unit fined for biggest spill in Australia PTTEP of Thailand's Australian subsidiary was fined today after pleading guilty to four charges relating to Australia's largest oil spill, IHS World Markets Energy reported
21st Century Shipbuilding liquidating in Korea SOUTH Korea's 21st Century Shipbuilding is being liquidated after it failed to win new orders and boost cashflow
Bankruptcy, equity loss threaten Nordic Shipholding NORDIC Shipholding today warned that bankruptcy is feared if it cannot solve financial problems caused by a continued weak product tanker market
Miami surveyor sentenced CLASS surveyor Alejandro Gonzalez has been sentenced to 21 months in prison and a year of supervised release for falsely certifying vessels
Zambia picks Trafigura in $500M tanker deal ZAMBIA today reportedly awarded a $500M contract to Trafigura for tanker transport of fuel to Africa's top copper producer for one year
Prospects hailed for Singapore's shipyards PROSPECTS for Singapore yards Keppel Corp and Sembcorp Marine remain bullish even though PETROBRAS contracts will take a breather, a sector analyst said today
DOF plans $120M bond issue NORWAY'S DOF offshore service vessel operator said it plans to raise 700M kroner ($120M) by issuing unsecured seven-year bonds
CSSC Holdings profits fall 63% for 1H CHINA State Shipbuilding's subsidiary CSSC Holdings reported a 63% year on year drop in profits attributable to shareholders for 1H
Goldenport takes hit but sees growth prospects GREECE'S Goldenport Holdings has suspended dividends after an impairment charge took it deep into the red in 1H12
Shin Yang profits fall 41% MALAYSIAN shipowner and builder Shin Yang Shipping said today net profits dived 41% year on year for the year ended 30 June
Cashflow woes hit Bumi FINANCIAL concerns have hit Indonesia's biggest steam coal producer, Bumi Resources
Supramax rates stabilising SUPRAMAX rates are stabilising on coal movements, brokers said today
BPI fall reaches week 6 THE BALTIC Panamax Index has dropped for six straight weeks, losing 30 points to average 758 yesterday
WTSA Sets Low-Sulfur Fuel Surcharge Component Shipping lines that carry U.S. exports to Asia will add a new component to their bunker fuel surcharges to reflect...
ILA Talks Stalled With a Month to Go The International Longshoremen's Association formally asked United States Maritime Alliance for a final contract offer, but USMX Chairman/CEO James Capo...
HSH Nordbank Profit Sinks on Shipping Slump HSH Nordbank's first half net income plunged to 70 million euros ($88 million) from 338 million euros ($426 million) a...
Virginia Prepares for Possible ILA Strike The Virginia Port Authority said it and the VPA's operating company, Virginia International Terminals, have begun preparing the Hampton Roads...
Unifeeder Acquires Feederlink Denmark's Unifeeder has acquired Rotterdam-based Feederlink Shipping from Irish Continental Group in a $36 million deal that accelerates the consolidation...
Goldenport Posts Loss As Ship Values Decline Goldenport plunged deep into the red in the first half as it wrote down the book value of its containerships...
Landstar Downgrades Quarterly Forecast Landstar System on Thursday lowered its double-digit growth expectations for the third quarter to a mid-single-digit range, a potential sign...
ABF to Fight $750 Million Teamsters Lawsuit Dismissal ABF Freight System will again appeal a $750 million lawsuit against the Teamsters union and various YRC Worldwide subsidiaries, after...
US Gulf Ports Reopen After Isaac Ports along the central Gulf of Mexico have reopened after sustaining what officials said was minimal damage from Hurricane Isaac's...
Commentary: Industry, Not Government, Drives Truck Safety Anne Ferro, administrator of the Federal Motor Carrier Safety Administration, in early August shared with the audience at the PeopleNet...
Shipping Rate, Surcharge Update for Week of Aug. 27-31 OOCL will bump up rates on its Asia-Europe services next month. As part of the Hong Kong-based line's revenue restoration program,...
MSC Flaminia 'Safe' for English Channel Passage The fire-damaged container ship MSC Flaminia has been declared safe for passage through the English Channel but is awaiting approvals...
Mideast Ports Still Dealing With Ramadan Congestion Ports in the Middle East are still suffering congestion after the surge in imports during Ramadan and the Eid al...
Panama Canal's Aleman Passes the Torch It can be said of few people that they have changed the shape of global commerce and shipping. Without doubt,...
Rebuilding Brazil, One Brick at a Time Brazil may be the high-profile "B" in the "BRIC" bloc of emerging nations, but South America's largest country still ranks...
Commentary: Strike Force With a single sentence - "It looks like we're going to have a strike" - International Longshoremen's Association President Harold...
Commentary: Beyond Sept. 30 In one respect, the breakdown of International Longshoremen's Association contract negotiations was a surprise. In another, it wasn't. Yes,...
Shanghai Container Index Declines Spot rates from Shanghai to North Europe, North America and the Mediterranean dropped this week, indicating a weakening market, according...
DHL Expands India LCL Service Network DHL Global Forwarding has launched two new less-than-containerload services linking India's largest container port, Nhava Sheva (Jawaharlal Nehru), with Sweden...
Jerry Bridges to Leave Port of Virginia The tenure of Jerry A. Bridges as executive director of the Virginia Port Authority will end Oct. 31, the VPA...
CI 'links-in' with 3,500 Containerisation International's LinkedIn site has grown to a membership of 3,500 and is fast becoming the 'site of choice' for networking and debate within the ...
Turkon Line UK reaches first decade with 'vintage' celebrations Felixstowe, UK-based Turkon Line recently celebrated its 10th anniversary in some style with a long night on the tiles at a local hostelry, giving ample time to ...
Tauranga benefits from Auckland's misfortunes New Zealand's North Island port of Tauranga has gained at rival Auckland's expense handling a record number of containers in fiscal year 2011-12, which ended June ...
Much needed carrier profitability in 2012 still in doubt Coscon's and CSCL's H1 12 results announced yesterday confirmed that ocean carriers still have a long way to go to end the year in profit. As shown in the table, ...
CMHI acquires 50% stake in West Africa terminal China Merchants Holdings International (CMHI) has continued with its strategy of investing in emerging markets by obtaining a 50% stake in a new container terminal ...
China warns against EU austerity overkill With its exports to Europe in sharp decline Chinese premier, Wen Jiabao has expressed 'deep alarm' at the escalating eurozone crisis and warned against an 'austerity ...
Singamas' profits sharply lower Singamas Container Holdings, which is the second of the main container manufacturers to announce its results, has also reported a sharp downturn in the demand for ...
Transpetro gives EAS time Brazilian shipyard Estaleiro Atlantico Sul (EAS) has won a stay of execution in its battle to hold on to a big newbuilding order.
Dof hunts Oslo cash Helge Mogster's Dof is looking to tap the Norwegian bond market for funds.
Marenave makes more Germany's Marenave says it has bucked the trend among rival owners of chartered-out tonnage by pushing up first half earnings.
Better quarter for Attica Greek ferry owner Attica Holdings managed to trim its second quarter deficit despite seeing falling revenue.
Vale offloads 10 VLOCs Vale has sold 10 of its very large ore carriers to South Korea's Polaris Shipping in a $600m deal.
Solvang stronger Norwegian gas carrier owner Solvang has trebled its first half earnings as revenue jumped.
Minoan cuts loss Minoan Lines of Greece has cut its first half deficit after withdrawing from a loss-making route to Venice.
Drink blamed A watch officer has been fined for falling asleep drunk on a cargoship that then grounded off Germany.
Princess "innocent" Princess Cruises has unveiled new evidence that shows it did not fail to rescue three adrift fishermen, two of whom died of thirst, as alleged.
An unwanted guest The US Coast Guard (USCG) has criticised an NYK car carrier's security after a trespasser was found in the captain's cabin.
HSH facing more losses German shipping lender HSH Nordbank is preparing for more loan loss provisions as the sector's crisis continues.
NOCC stays red Norwegian Car Carriers managed to trim its losses in the second quarter thanks to the addition of two new vessels.
Clock ticks at Nordic Denmark's Nordic Shipholding, the products tanker operation spun off from Nordic Tankers, has warned it could go bankrupt if new funds are not in place by the end of next March.
Dynacom feels price rise Greek owner sheds mid-90s built VL in a deal offering a rare bit of good news for asset values.
Yang Ming loss grows Soaring costs have pushed Taiwan's Yang Ming to a bigger first-half loss.
Fleet value hurts LSC Tanker owner Latvian Shipping Company (LSC) has suffered more losses from fleet-value impairments, but its first-half operating result was stronger.
Write downs hurt Dragnis Goldenport Holdings has slumped to an interim loss of $51.3m as it was forced to write-down the value of its fleet.
Hear no evil We take a look at what was said in the market over the past week.
Centurion cargo raided The pirate gang that hijacked the Restis-controlled tanker Energy Centurion off West Africa managed to steal 3,000-tonnes of gasoil before releasing it on Thursday.
Evergreen turns red Taiwanese container line Evergreen has posted a big reversal in fortunes for the first half as investment losses took their tool.
Hoegh LNG sneaks profit Oslo-listed Hoegh LNG has moved into profit in the second quarter of 2012 helped to a large degree by higher revenues.
Atlantic back in the black Atlantic Offshore has returned to the black in the second quarter of 2012 after managing to halve its costs.
NYK plans huge surcharge if ILA strikes The Japanese container line is planning a $1,000 surcharge for North American bound shipments from Asia, India and Australia to compensate for disruptions if ILA dockworkers strike at the end of September.
Rail strike in Antwerp
Port of New Orleans terminals reopening Gulf port reopens for business today after minimal damage from Hurricane Isaac earlier this week, with New Orleans port director lauding Army Corps of Engineers, pilots, and Coast Guard for their efforts
Southern California longshore clerks continue negotiations Clerks at the ports of Los Angeles and Long Beach continue to discuss a new contract with employers, partially alleviating concerns earlier this week that they could picket and induce a wider ILWU work stoppage
DB Schenker integrates more client systems
IAG Cargo pairs with CSafe for temperature-controlled containers
Week ends with mixed prices Trading was slow on the US Gulf, according to a local player.
Adoption of LNG as a marine fuel to depend on pricing 'The obstacles to the adoption of LNG as a marine fuel are practical factors, but they are not technical. They are commercial.'
Minister wants government funding for 'clean technologies' 'What we need now is rapid action,' says Finland's transport minister.
Bunket prices soften in Fujairah Suez prices see little movement.
Bunker prices firm across Europe Weak demand in Hamburg and Gibraltar.
Lender struggles with 'worsening shipping crisis' Nordbank taking 'heavy strain' as shipping markets deteriorate.
Researchers raise prospect of Australian ECA Data shows 'surprising' levels of ship generated pollution in Australian region.
Banks back moves for fuel-efficient fleet Efficiency 'a key factor is securing finance for new-builds'.
China Cosco deepens H1 losses Dry bulk rates remain low while bunker costs stayed high during the period.
Week ends with Asian markets firming Supplies of bunker fuels were fine at key Asian ports on Friday.
Greek shipping firm slips into the red Voyage expenses surge on increased fuel prices, says Goldenport.
Odfjell files demerger plan for Singapore terminal Plans to transfer its 50% stake in OOTS to a newly-established company.
Miami-based surveyor jailed for lying to Coast Guard Inspectors found exhaust and bunker fuel 'pouring' into engine room of vessel falsely certified as safe.
Oslo-listed firm offloads 1988-built vessel NOCC plans to use sales proceeds to acquire modern and fuel efficient large car carriers.
Arrested cruise vessel leaves Dublin MV Princess Danae released after owner and supplier reach agreement over bunker bill.
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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