NordStar adjusts Far East operations As of today, Russian NordStar Airlines is adjusting its operations to the country's Far East. The carrier, which currently operates Khabarovsk - Vladivostok once a week and serves ...
Chep expands in Eastern Europe Chep, the pooling expert in the area of multiple-use containers and pallets, is cooperating with the Delamode Group. Delamode, the logistics and forwarding company represented in t...
Turkish adds Aden With yesterday's flight departing from Istanbul, Turkish Airlines started its service expansion to the Yemen. The Sanaa flights are being operated as three flights per week (four f...
Bruce Highway construction project in Australia completed After years of planning, extensive public consultations and the relocation of more than five million tonnes of earth - enough soil and rock to fill 2,000 Olympic swimming pools - ...
Mercator's technologies selected by THAI Cargo Thai Airways (THAI) executive vice-president of human resources & compliance, Niruj Maneepun, and head of Mercator, Patrick Naef, signed an agreement last week that will enable...
Port of Felixstowe celebrates new productivity record Felixstowe has set a new record for the number of container movements in a 12-hour shift with the recent call of the Maersk Sarnia. A total of 3431 exchanges was completed on this ...
Fredrik Dahllöf becomes division manager of Freja Sweden Freja Transport & Logistics has recruited Fredrik Dahllöf as division manager South Europe for its office in Helsingborg (Sweden). Fredrik will start working for Freja on 24 Oc...
Baton change at the head of Blue Water Shipping Kurt Skov, Blue Water Shipping's founder and managing director, is stepping down and appointing Kim Hedegaard Sørensen as the chief executive position. Shortly after the 40th anniv...
Eurotunnel and Alstom organise Prima II tests in Channel Tunnel Eurotunnel and Alstom have successfully realised tests on the new generation Prima II locomotives to check compatibility with Channel Tunnel systems and safety standards. For this ...
New freight charge in India Indian Railways has increased the service tax on goods transported by trains by up to 3.7%. The decision for levying service tax on freight and auxiliary services was taken last Su...
DSV acquires Swift Freight and expands in Africa and Middle East Swift Freight, headquartered in Dubai, is a strong regional freight forwarder with 36 offices in 15 countries in Africa, the Middle East and Asia. Swift Freight specialises in tran...
B&Q awards Wincanton multi-channel distribution contract British logistics service provider Wincanton has announced it has won a multi-channel distribution contract by retailer B&Q in the UK. Wincanton will manage B&Q's 1 million...
Shipping finds different paths to financing Why yards and owners are looking for alternative sources of funding
Brokers predict a double-digit increase for shipowners Will any club be prepared to absorb reinsurance increases?
Spanish court rules on sue and labour costs Decision consistent with earlier UK case law will be welcomed by insurers
Textainer buys 81,000 teu of dry freight boxes Bermuda-based container leasing firm upgrades its fleet
Is Brussels-IMO love-in too good to be true? Kallas pledges pragmatic approach to end shipping emissions deadlock
Taking stock in Asia Slowdown creates high inventories that will take at least two months to clear
Grimaldi and NEL Lines to co-operate on ferry route Daily departures from Brindisi to Igoumenitsa to carry both passengers and ro-ro cargo
LR pulls Odfjell Terminals Rotterdam's ISO certification Move follows tank farm shutdown due to safety concerns
Baltic braced to defend indices Brussels probe takes aim at benchmarks
Moldova and Mongolia remove Iran-linked ships Open registers follow lead of Tuvalu, Tanzania and Sierra Leone
Brussels ditches regional CO2 reduction laws for shipping Exclusive: U-turn clears the way for a breakthrough global deal at IMO
Currency effects distort shipping capital gains, says Moore Stephens Accountant pushes for rule change
DP World eyes Latin America investments Dubai ports giant sets its sights on the world's fast-growing emerging markets
Blazing a trail A year after its launch, Daily Maersk has defied its critics
Danes back US proposal for curbing emissions Danish Shipowners' Association chief voices support for cutting pollution through operational and design measures rather than financial measures
A problem too far The Senkaku-Diaoyu islands dispute has the potential to widen into a setback for the shipping industry
Idled boxfleet set to grow as liners go for the GRI burn Supply will need to be cut promptly if the November 1 general rate increases are to stick
Intercargo attacks 'simplistic and inaccurate' Rightship green ranking Lobby group's chief condemns EVDI for applying the energy efficiency design index to existing vessels
Africa's maritime chiefs seek plan for sustained growth This week 130 delegates from 30 maritime administrations meet in Mombasa, Kenya, to push forward the ambitions of the African Maritime Transport Charter
Nordcapital quits KG business for now Sector claims its latest casualty as closed-end fund requirements loom
A brand reborn Restructured former icon Torm at last moves forward
Crew arrested after fatal ferry collision in Hong Kong Vessel on cruise to view fireworks sinks quickly as poor visibility hampers rescue operations
PMSCs urged to support contractors' mental health like the military does Fitzsimons case is evidence of what can go wrong, says trauma risk expert
Casualties: October 2 2012 An exclusive snapshot of casualties in the last week
Cargotec to shed 245 jobs Reduction in 10,500 global workforce follows 25% fall in first half operating profit
Creditors take 90% stake in troubled Torm Deal sees $100m cash injection, long term loan deferral and share takeover
Atlantic Navigation lists in Singapore Middle East offshore services provider raises $8.9m on SGX's fast-growth board
Bankrupt B+H to liquidate OBO owner B+H Ocean Carriers, which filed for Chapter 11 protection in May, has revealed plans for an orderly sell-off of its remaining vessels
Textainer hikes box ownership CONTAINER leasing company Textainer today confirmed its second major en bloc acquisition in the past three weeks
TORM restructuring signed TORM, the Danish product tanker and drybulk group, today signed a restructuring plan with lenders and owners of ships it timecharters
Day of the shipping zombies A SEVEN-point settlement that TORM today signed with its creditors has created another "living dead" shipping company, an analyst commented
EU nations urged to seek fuel exemptions EUROPE'S leading shipowners' body said today it is banking on EU countries to intervene with the IMO on fuel sulphur limits
Stronger rupee boosts Indian breakers THE RUPEE'S further gains against the dollar are encouraging ship recycling in India, as yards offered $5 per ldt more than the previous week
Excel gains breathing room EXCEL Maritime has won three more months to sell equity under its debt restructuring, the NYSE-listed drybulk company has confirmed
IMO alters energy plan timing SHIPS will no longer need to implement a ship energy efficiency management plan following a decision today at the IMO
Cargotec to lay off 245 CARGOTEC, the Finnish maker of port handling equipment, said today it will seek 245 layoffs to improve profitability
Culls urged on Asia/Europe container routes THE ODDS are very small that a rate rise in the headhaul Far East/Europe box trade will succeed next month unless carriers axe more services, a leading analyst has warned
IMO chief urges state action on low-sulphur fuels GOVERNMENTS should pressure the oil and refinery industries to ensure supplies of low-sulphur fuel, according to IMO secretary-general Koji Sekimizu
Seesaw seen for crude tanker utilisation CRUDE tanker utilisation is expected to drop from 87% this year to 84% in 2013, before recovering in 2014-15, DNB Bank has predicted
Box price war 'now a reality' THE FORTUNES of box shipping took a turn a turn for worse in September, said a senior shipping analyst, who warned that a price war has become a reality
Two Chinese yards excluded from VLCC binge SINGAPORE-listed Chinese yards Yangzijiang Shipbuilding and Cosco Corp (Singapore) are expected to be odd ones out in Beijing's newbuilding binge, Credit Suisse has warned
Asian holidays hit box ship chartering A SERIES of Far East holidays this week and normal slowing at this time of year has hit box ship chartering
Logistics Executives Expect Revenue Gain North American logistics companies expect to increase revenue 10 percent in the coming year as they target specific industries with...
Werner Enterprises Opens Detroit-Area Terminal Transportation and logistics provider Werner Enterprises on Oct. 2 announced the opening of a new terminal in Brownstown Charter Township,...
EVP, COO Mike Franczak Leaves Canadian Pacific Canadian Pacific Railway on Oct. 1 announced that Mike Franczak, executive vice president and COO, has resigned. Franczak...
Retailers Expect Solid Growth This Holiday Season Retail sales in November and December should increase 4.1 percent to $586.1 billion, which is higher than the 10-year average...
American Firm Tapped to Modernize Iraq's Maqal Port North America Western Asia Holdings on Oct. 2 announced that it has entered a 10-year agreement with Iraq's Ministry of...
Rena Wreck Compensation May Exceed $22.9 Million Daina Shipping Company, a subsidiary of Greece-based Costamare, reached a financial settlement with New Zealand's government today regarding the container...
Genesee & Wyoming Completes Purchase of RailAmerica Short-line and regional railroad operator Genesee & Wyoming Inc. announced yesterday that it has completed the acquisition of RailAmerica, Inc....
APL Logistics Expands Operations in Bangladesh APL Logistics has expanded its operations in Bangladesh to meet growing demand from the apparel sector. The company has...
Singapore Port Planning for Capacity of 50 Million TEUs The port of Singapore's container facilities will benefit from an investment of S$3.5 billion (US$2.85 billion) over the next decade...
Osaka's Container Trade Dips 3.5 Percent The number of foreign trade containers handled by the Port of Osaka in western Japan fell 3.5 percent in the...
C.H. Robinson Adds Chemical Division Logistics company C.H. Robinson Worldwide, Inc. yesterday announced its new ChemSolutions division, which will provide services to chemical manufacturing and...
Congress Passes Military Commercial Drivers License Act The U.S. Congress has passed S. 3624, the Military Commercial Drivers License Act of 2012, a bill that allows uniformed...
British Columbia to Invest in Transportation Infrastructure British Columbia Premier Christy Clark on Sept. 28 detailed plans to invest more than $200 million in capital projects across...
Survey: U.S. High-Tech Executives Optimistic About 2014 Export Goals U.S. high-tech executives' confidence in the future of the nation's exports has grown significantly over the past two years, due...
Updated Railyards Opened at Port of Amsterdam The Port of Amsterdam and the Netherlands' ProRail have modernized two freight railyards, in compliance with European requirements. Aziehavenweg...
US - Mexico NAFTA trade booming Surface trade between the US and its NAFTA partners, Canada and Mexico, rose by 4.6% in July compared to the same month of 2011 to USD75.7 billion. Nevertheless, ...
Hoyer's IBCs being fitted with RFID technology Hamburg-based Hoyer is fitting transponders to its pool of intermediate bulk containers (IBCs), which currently number about 20,000 units, and installing a radio ...
Idled boxfleet set to grow as liners go for the GRI burn With an almost across the board general rate increase [GRI] of USD500 per TEU announced by ocean carriers plying the over capacity-plagued Far East to Europe tradelane ...
Nigerian ports' box traffic up 19% in H1 12 Containers handled at Nigerian ports rose by 19.4% in H1 12 with 770,996TEU handled. While empties staged the strongest rate of growth, up more than 25% to 332,917TEU, ...
'Rosier' transpac outlook - but bleaker Asia/Europe outlook Weekly spot rates from Shanghai to the US West Coast (USWC) have climbed slightly week-on-week following the announcement that the Transpacific Stabilisation Agreement ...
Long Beach welcomes largest boxship ever seen in US The arrival at the weekend of the largest containership ever to call in the US marks a new stage for the transpacific trades as lines transfer vessels from struggling ...
ADT cargo switch ahead of schedule Martijn van de Linde, ceo of Abu Dhabi Terminals (ADT), which operates the cargo-handling facilities at the new Khalifa port, has announced that the switch of containers ...
ICC pushes to salvage Doha Round The International Chamber of Commerce [ICC] says that resolving the current trade deadlock 'is a priority for global business' opining that 'trade and investment ...
CMA CGM lines up injection CMA CGM appears to be closing on the finalisation of a billion-dollar debt restructuring after striking a tentative deal to accept an infusion from France's sovereign wealth fund.
Trafigura's taste test Shipping circles are ripe with talk that Trafigura is keeping an eye out for opportunities to pounce on assets in and outside the sale-and-purchase market.
OSG jumps on FSO deal A juicy charter contract may give Overseas Shipholding Group (OSG) a leg up during negotiations with banks over an upcoming liquidity gap, according to an analyst at Wells Fargo Securities.
EXM out of the woods? Shares of Excel Maritime Carriers gained traction Tuesday morning on the back of news that its lenders agreed to extend the deadline of an at-the-market (ATM) stock offering.
Police make ferry arrests Police in Hong Kong have arrested six crew over a collision between two ferries on Monday night that left 37 people dead.
Golden in cape coup? Golden Union of Greece looks to have picked up a capesize resale at a knock-down price.
CCB commits China Construction Bank (CCB) has pledged to keep on supporting the shipping industry, despite dire markets.
SFI eyes car carriers Ship Finance International is on the brink of breaking into the car-carrier market with purchases backed by cash from its latest Wall Street fundraiser.
GasLog to join bond run? Peter Livanos' GasLog could join the flock of owners turning to the bond market for cash.
Moldova bows to pressure Moldova has agreed to stop accepting Iranian ships on to its register after US pressure.
Alpha cape tied up Oldendorff has chartered a Greek capesize bulker as period rates pushed to five figures for the first time in three months.
Clash toll to rise The death toll from the sinking of the Indonesian ferry Bahuga Jaya last week could reach 50, search and rescue teams believe.
Big three make gains Shares in Japanese shipping giants have rallied despite reporting bad news over the past week.
Hammer sees tanker hit A brutal clash between falling oil demand and supply growth in the third quarter suggests the tanker market's road to recovery is getting longer, RS Platou Markets says.
New Times selling four Greek owners are in talks to buy cancelled bulkers at China's New Times Shipyard.
Drydocks and PCL pen JV Drydocks World and Pacific Carriers of Singapore have put the finishing touches to their joint venture announced earlier this year.
Banks are 'strong owners' Jacob Meldgaard has welcomed a group of banks as the majority shareholders in Torm.
Better summer for ICG Ferry operator Irish Continental Group (ICG) has enjoyed a stronger summer as operating profit edged up.
STX OSV scores again STX OSV has fleshed out its orderbook with a near $80m contract for a cable layer.
Excel wins lifeline Excel Maritime Carriers has been given more time to carry out an equity fundraiser under its restructuring agreement.
Class action kicked out A US judge has dismissed a $75m class action arising from the Costa Concordia tragedy, ruling that the claims should be heard in Italy.
Torm shoots up Torm shares took flight this morning after a restructuring agreement saw the company's immediate future secured.
Brittany Ferries strike ends Brittany Ferries ships will resume English Channel crossings on Tuesday after crew unions ended their rolling strike.
Torm saved Torm has ended three years of financial uncertainty after striking a deal with banks and charter partners which will keep the company afloat.
One killed in fire A crewman has died and two others were injured as fire ripped through a general cargoship off Vietnam.
Daewoo sails past target Korea's Daewoo Shipbuilding & Marine Engineering (DSME) has hit its order mark for 2012.
Euronav in new FSO deal Maersk Oil has agreed to charter Euronav's 442,000-dwt FSO Africa (built 2002) for the next five years, it was confirmed Tuesday.
SNC inks MR double Romania's Santierul Naval Constanta (SNC) has clinched a new tanker order from a compatriot owner.
Vopak ties-up Coryton Vopak has completed the acquisition of the former Coryton refinery in the UK and now plans to convert it into an oil products terminal.
Atlantic Nav joins SGX Atlantic Navigation has become the latest offshore vessel operator to list on the Singapore Stock Exchange (SGX).
Azipods for icebreaker ABB has won a $35m deal to supply the propulsion plant for a new icebreaker vessel on order at the Baltic Shipyard.
Costamare seal Rena deal Costamare and the New Zealand government have reached a financial settlement in respect of the grounding of the Rena.
36 die off Hong Kong A collision between two passenger ferries in Hong Kong has left at least 36 people dead.
ILWU head sentenced to 1 day in jail, fined $500 Robert McEllrath, president of the International Longshore and Warehouse Union, was fined $500 and sentenced to serve one day in jail and given an 89-day suspended sentence after a three-day trial in Longview, Wash., last week.
Panjiva unveils global sourcing search The company's Global Search indexes information from the Web and presents shipment information - from raw materials to a variety of final goods - in an easy-to-use manner that will seem familiar to anyone that's used a popular search engine.
European competition authorities review UPS-TNT deal Joaquín Almunia, vice president of the European Commission responsible for competition policy, said during a speech in Nicosia, Cyprus, there is a "need to keep an eye on deals that would increase concentration in already concentrated markets."
APL Logistics opens Bangladesh quality centers The two centers, in the capital city of Dhaka and at Bangladesh's biggest port Chittagong, are in close proximity to Bangladesh's garment manufacturers. They also offer other value-added services, such as pick-and-pack, labeling and scanning.
Holm-Andersen leads Data2Logistics' professional services
Green Fleet expands cloud to WMS
Washington Notebook: Optimism exists despite 2Q GDP downgrade
Filopoulos joins FT Maritime Services Company says he will contribute to growth.
Prices stable in Fujairah Low demand keeps prices steady.
Prices lack direction in major European ports Little movement seen as prices edge up or down.
Cargill efficiency move criticised by shipowners Charterer's intention to vet ships for efficiency called 'simplistic'.
Cost of low sulphur regulation 'should be borne by society' Head of IMO calls on governments to take steps to ensure availability of fuel and alternative technology.
Offshore oil transfer added to Nigerian levy Tax includes 'processing,storing or transferring oil'.
New bunker trader for Topoil Andersson steps up to trading role in company.
High sulpur/low sulphur spread likely to remain 'wide' North American ECA is driving demand for LS product.
Reality check on low sulphur fuel availability study Insufficient support for ICS proposal at MEPC 64 after US says preliminary study would be counterproductive.
Tax concession will attract bunkering 'entrepreneurs' India's Kerala state extends scope of 'tax break'.
Trust lacking in fuel efficiency claims Efficiency should be independently assessed to build trust, says coatings manufacturer.
Bunker prices lack direction in Asian markets Demand mostly below average across key Asian ports.
GB Oils extends UK business MoD ships to be bunkered by UK company.
New bunker supply firm in Pakistan Shaukat Marine Services to expand its bunker tanker fleet with newbuilds.
Torm inks restructuring agreement Relief that an out-of-court agreement has been secured after months of negotiations.
MOL anticipates wider losses on rising bunkers Revises down its earnings forecast for first half 2012.
Singapore's new port to cater to cleaner fuelled-ships Consolidating container activities into one location will provide for greater efficiency and economies of scale, says Minister.
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