VTG now also ECM-certified under European law VTG now also ECM-certified under European law VTG, the Hamburg-based railway car leasing and rail logistics company, is now also certified under European law as an entity in charge...
APM Terminals Bahrain wins more business APM Terminals Bahrain received calls from two consecutive Hanjin Shipping vessels on the weekly Pacific South & Gulf (PSG) US west coast/Asia/Middle East pendulum service opera...
Redhead International opens new storage in Northern Ireland Redhead International, the British freight forwarding and logistics company based in Bradford (West Yorkshire), has recently brought on stream a new logistics centre with an area o...
DAF introduces new Euro-6 XF product range Dutch truck producer DAF has introduced its new flagship Euro-6 XF model. The new XF will enter production in spring 2013. The Euro-6 DAF XF includes a new chassis, a fuel efficien...
Dachser modernises its fleet Dachser UK plans to invest GBP 11 million (EUR 13.8 million) in the modernisation of its fleet. The company will replace a total of six new 44-t tractor units, ten large rigid truc...
Airports commend EC's plan to open more aviation markets The European airport trade body welcomed the European Commission's adoption of the proposals to reshape its external aviation policy through increased aviation liberalisation at EU...
Fraport Cargo Services continues cooperation with Hahn Cargo Service The cooperation established in 2005 between the cargo handling agents Hahn Cargo Services (HCS) and Fraport Cargo Services (FCS) is to be continued. Since 2011, HCS has been owned ...
Russian Railways, Freight One and Tatravagonka sign agreement Russian Railways, Freight One and Tatravagonka have signed an agreement to manufacture bogies with three axles and a 25 t-force axle load for use on freight wagons. At present, the...
Southern Air files for Chapter 11 protection In order to implement is financial restructuring, Southern Air Holdings, including Southern Air, filed voluntary petitions for reorganisation under Chapter 11 of the US Bankruptcy ...
Hermes Fulfilment extends contract with Chal-Tec The logistics company Hermes Fulfilment, which is belongs to Germany's Otto Group, and the consumer electronics provider Chal-Tec will continue their cooperation. Both parties h...
Air Canada appoints new executive vice-president and COO Air Canada has announced the appointment of Klaus Goersch as executive vice-president and COO, effective 1 October 2012. Goersch will oversee all key operating areas, including fli...
Norbert Dentressangle invests to support La Palette Rouge As part of the continued development of its strategic partnership with fast-growing pallet pooling operator, La Palette Rouge (LPR), Norbert Dentressangle has invested GBP 750,000 ...
Lars Wagner new spokesman for Airport Berlin Brandenburg Lars Wagner has been appointed new media spokesman for Airport Berlin Brandenburg. He succeeds Leif Erichsen, who is now heads up public relations of the Chamber of Industry and Co...
Asia-Europe trade dips again Westbound flows of containerised goods fell 11% in August
OSG director Allen Andreas quits Reason for resignation said to involve 'interpretation of certain provisions in loan agreements'
Exclusive: Bodouroglou buys arrested Allied Maritime bulkers Three supramaxes and a handysize almost certainly acquired at distressed asset price
Saudi Arabia charters three VLCCs to meet US appetite for heavy crude Vela's charters to the US rise to 34 this year, from just seven last year
Typhon delays launch of piracy protection venture till November Rival projects struggle to raise funds to launch private escort convoys
West of England improves its S&P rating BBB upgrade reflects club's capitalisation and flexibility and draws a line under dispute
Taiwan tries harder The nation's shipping community faces big problems, but complacency is not one of them
White elephant Rumours of a mammoth Chinese VLCC order refuse to go away
Panama Canal widening to bring both competition and opportunities Jones Lang LaSalle's US Seaport Outlook report also warns on fallout from potential longshoremen's strike
Floating armoury held in UAE Sinbad has weapons on board, company confirms
NYK outlines strategy to weather the downturn Carrier to control bulk fleet size, improve logistics and install broadband on vessels
Titan's would-be buyer tries to sweeten the deal Attempt to sell controlling share to Guangdong Zhenrong still needs approval by investor Warburg Pincus
Seasonal slowdown hits container charter market Lines cut capacity ahead of winter in Europe as China shuts down for Golden Week
BLT hopes to restructure by year-end Selling vessels is an option as company focuses on gas and chemicals
US investor wins contract to upgrade Iraqi port of Maqal Shatt al-Arab terminal will handle heavylift and box cargo for Basra
Giuseppe Bottiglieri challenges $500,000 bounty for whistleblowers Bid to halt US payment to crew for magic pipe tip-off throws spotlight on owners' simmering resentment
Hong Kong ferry collision death toll rises to 38 As a seventh crew member is arrested, police offer no theory to explain the incident
B+H Ocean Carriers set for liquidation OBO company throws in the towel after four months in Chapter 11
LNG cargoes to triple in Oz over five years AUSTRALIAN LNG export shipments are expected to triple to 63M tonnes per year within five years, according to transport minister Anthony Albanese
Morocco union leader freed MOROCCAN port workers' union leader Said Elhairech has been freed, the ITF said
Khanna quits DryShips PANKAJ Khanna, the chief operating officer of DryShips and Ocean Rig, has resigned, the companies confirmed today
Cruise veteran steps down MARK Conroy, a veteran of the cruise industry, is stepping down as president of Regent Seven Seas Cruises, the luxury line has confirmed
Whistleblower windfall challenged by GBS GIUSEPPE Bottiglieri Shipping has challenged a federal court's $500,000 award to five crew members in a whistleblower case
Thai IPOs to include ports FOUR THAI enterprises run by the government, including Port Authority of Thailand, plan to raise up to 100Bn baht ($3.26Bn) in new capital with IPOs, according to the State Enterprise Policy Office
Indonesia to expand yard sector INDONESIA plans to build a new yard and expand existing building facilities, the Indonesia Port Corp told Fairplay today
Rena owner agrees to pay NZ for clean-up DAINA Shipping, owner of the box ship Rena, has reached a multimillion-dollar settlement on cost arising from the vessel's grounding off Tauranga, New Zealand's government said
Seadrill mulls moving managers SEADRILL said today it is considering moving its managers away from Oslo and has shuffled senior management
BLT to slash oil shipping INDONESIA'S Berlian Laju Tanker was reported today to be refocusing on its niche liquid chemical and gas shipping while cutting back on oil shipping
Pacific Carriers buys 67% of DDW KUOK'S Pacific Carriers has acquired 67% shares of its recently formed venture with Drydocks World, DDW-PaxOcean Asia
Chinese yards orders drop 48% NEWBUILDING orders at Chinese yards over January-August dropped 48% year on year, the China Association of the National Shipbuilding Industry said today
UPS to Deploy 40 Hydraulic Hybrid Vehicles UPS will deploy 40 new hydraulic hybrid vehicles, developed by Freightliner Custom Chassis Corp. and Parker Hannifin Corp....
Piracy's Effect on Seafarers Is Subject of Report The Seamen's Church Institute, in collaboration with New York's Mount Sinai School of Medicine, today released a report from a...
Commentary: Diamonds Aren't Forever Q: I got your name out of a magazine my soon-to-be ex-husband gets, and I'm hoping you can help me...
Ag Shipper Plans $120 Million Vancouver Expansion Richardson International Ltd. plans to tap growing agriculture export markets by spending about $120 million to expand its port terminal...
Legislators Lock In on Waterways Plan Much like the tows waiting to traverse the locks on the Mississippi River, a strategic plan to improve the inland...
Virginia Expands Container-on-Barge Service A third weekly sailing is being added to the 64 Express container-on-barge service that connects the Hampton Roads with the...
Boeing Lowers Cargo Growth Forecast By 12 Percent Boeing on Tuesday downgraded its forecast for global air cargo growth by nearly 12 percent, a reaction to the slowing...
FedEx Opens New Hub in Singapore FedEx today opened its new South Pacific Regional Hub in Singapore, officiated by Minister of Transport Lui Tuck Yew. ...
Trucking Conditions Index Rises on Tight Capacity Business conditions for trucking companies improved in August, and are likely to keep improving despite slow economic growth, according to...
Quality Distribution Boosts Borrowing By $100 Million Bulk trucking giant Quality Distribution took advantage of low-cost credit to increase its borrowing power by $100 million to $350...
Total Quality Logistics Expands to Northeastern Ohio Total Quality Logistics will open a new office in Cleveland in early November. TQL nearly tripled its sales...
LTL Trucking Rates Seen Rising 3 to 4 Percent Less-than-truckload carriers are raising rates 3 to 4 percent, before fuel surcharges, despite "negative economic signals," according to Stifel Nicolaus. ...
US Food Exporters Finding Growing Market in China Although China's growth has slowed from double-digits down to the high single-digit range, the growth of food consumption is showing...
Alphaliner: Capacity Cut Vital to Achieve November Rate Hikes Ocean carriers must cut capacity on the Far East-Europe route by a further 30,000 20-foot-equivalent units over the next two...
Damco Appoints New Global CFO Damco has appointed Pernille Fabricus global chief financial officer of the logistics arm of Denmark's A.P. Moller-Maersk group. ...
Rotterdam Cool Port Plan Unveiled Europe Container Terminals, Rotterdam's biggest container handler, is joining forces with the port authority and Dutch logistics group Kloosterboer to...
Emirates Sees Growth in US Air Cargo Three new services launched to the U.S. by Emirates SkyCargo this year are attracting large flows of cargo, according to...
Qantas to Take Over Air Freight Carrier Qantas has agreed a deal with Australia Post to buy its 50 percent stake in Australian air Express in exchange...
Lufthansa Cargo Adds Israel Freighter Lufthansa Cargo has launched a new freighter service between Israel and its German hub. The carrier's all-freight service will...
Who wants more trade and more jobs? Yes, on offer is at least an extra USD130 billion in global trade per annum and millions of new jobs created: it is an offer that world leaders surely cannot refuse ...
Indonesia moves forward on Port Community Systems Indonesia Port Corporation II (IPC) has selected SOGET and Microsoft Corp as its partners in developing a port-wide community system for the country's largest port, ...
NAWAH to upgrade Iraq's port of Maqal US-based North America Western Asia Holdings (NAWAH), an investment and advisory business focused on developing opportunities in the Middle East, is to modernise ...
APM T chief: Virginia port bid offers solutions to transport challenges If APM Terminals' unsolicited bid for the Port of Virginia is accepted then the company will inject more than USD2 billion in capital investments into the terminals, ...
PSA invests in tech at Pasir Panjang Officiated over by the Singapore Minister for Transport, Lui Tuck Yew, PSA Singapore Terminals [PSA] held a launch ceremony on Monday to announce its USD3.5 billion ...
DB Schenker adds Russian routing options DB Schenker Logistics has substantially increased the number of European gateways through which it is moving freight to/from Russia and the CIS states. Its expanded ...
Grimaldi expands its fleet The Naples-based Grimaldi Group is expanding its ro-ro shipping fleet through a combination of new orders and second-hand acquisitions.Last month saw the Italian ...
Textainer's owned fleet hits 66% The Bermuda-headquartered Textainer Group has raised the owned portion of its fleet to two thirds of its total pool. In its latest spending spree, which totalled ...
SA citrus growers unhappy about Maersk move The Citrus Growers Association of Southern Africa (CGA) has referred to the planned rate hike by AP Moller Maersk Group-controlled liner companies; Maersk Line ...
NewLead demands credit NewLead Holdings has asked the US Securities Exchange Commission for permission to pull a shelf registration that provided the groundwork for a follow-on fundraiser.
OSG goes silent Overseas Shipholding Group is keeping a tight lid on details about a tax issue that prompted the resignation of one of its board members and rattled investors in early trading.
Bodouroglou confirms buys Michael Bodouroglou has admitted that his private interests are behind the acquisition of four bulkers from affiliates of Greece's Egnatia Marfin Bank.
Mike B tied to dry buys Greek shipowner Michael Bodouroglou has been linked to the acquisition of four bulkers that are believed to have been caught up in the collapse of Allied Maritime of Athens.
K Coral stand off The Filipino crew of an SK Shipping bulker are refusing to sail the vessel out of Australia over claims that senior officers abused them.
OSG stung by departure Overseas Shipholding Group's shareholders were scratching their heads Wednesday morning following the surprise resignation of long-time board member G Allen Andreas III.
Wintermar pockets $10m World Bank unit IFC is ploughing $10m into Indonesian owner Wintermar Offshore Marine to help its fleet expansion.
Khanna quits Pankaj Khanna has parted company with both DryShips and Ocean Rig, the George Economou-headed firms announced today.
Cargill deal for Tsakos Tsakos Shipping & Trading of Greece has netted period employment for one of its panamax bulkers with Cargill.
Pallas poorer Swedish tanker owner Pallas Shipping has posted a bigger loss in its latest financial year, but the fourth quarter result improved.
Celebrity sting Celebrity Cruises has defended itself after it became the victim of an undercover documentary claiming workers were underpaid and not given enough rest.
Torm re-jig no trouble First Ship Lease Trust has moved to reassure investors the reworking of two contracts with Torm will not leave the Singapore-listed owner out of pocket.
Dolphin hat trick for FOE Fred Olsen Energy has sealed a lucrative contract extension for one of its semi-submersible rigs.
Rena case delayed The pollution trial of Costamare unit Daina Shipping has been adjourned once again in New Zealand.
Alliances no deterrent Fresh alliances in the container shipping market have failed to curb the battle for market share which has dragged rates down, a leading researcher says.
Unrest at KFS Workers at Kenya Ferry Services (KFS) have threatened a strike over a "broken" pay agreement.
MHI rejects L&T talk Mitsubishi Heavy Industries has poured cold water on talk that it plans to buy into the shipbuilding division of Indian heavyweight Larsen & Toubro.
Titan's titanic struggle Titan Petrochemical's former chairman and a white night commodity trader are pressing on with a revised rescue deal for the ailing company.
PFL in sale row Fears have been raised for island services as Samoa takes over Pacific Forum Line (PFL).
BLT to cut crude ties Berlian Laju Tanker plans to cut ties with the crude carrying business once it puts the finishing touches to its financial overhaul.
Timing too tight Danish accident investigators said a cargoship that smashed into a rail bridge had too narrow a window to make the passage.
Oasis order for Turku Royal Caribbean Cruises is being tipped for a return trip to STX Europe for a third Oasis-class newbuilding.
Straumvik refloated A cargoship has been pulled off the rocks in Norway by a tug.
New boss at CMES China Merchants Energy Shipping (CMES) has replaced Su Xingang as general manager.
Seadrill to leave Norway Seadrill looks set to leave Norway as it is considers relocating its senior management team to a more prominent location.
CalMac strike averted Crews have called off a strike that could have grounded the fleet of Scottish state-controlled ferry group CalMac.
Nordcapital in KG exit Nordcapital has temporarily exited the KG business in response to a collapse in investor interest in the sector.
NAWAH wins Iraq gig North America Western Asia Holdings (NAWAH) has won a contract to modernize and then run a port in south Iraq.
Cargill backs eco ships Cargill says it will only fix the more fuel efficient ships in future as it bids to reduce its carbon emissions and operating costs.
U.S. firm in deal to develop Iraq port North America Western Asia Holdings (NAWAH) announced Tuesday it has entered an agreement with Iraq's Ministry of Transportation and the General Company for the Ports of Iraq to modernize Maqal Port.
Genesee & Wyoming completes RailAmerica buy As part of the deal, the short line operator entered into a new five-year senior secured credit facility comprised of a $1.875 billion term loan and $425 million revolving credit facility.
Shipowners frustrated by IMO failure to start sulfur study ICS said shipowners worry about the sufficient availability of low-sulfur fuel to allow ships to comply with the strict IMO regulations on sulfur emissions and potential rising costs.
Ship Finance in discussion to buy car carriers
Richmond-Hampton Roads barge increases frequency The Virginia Port Authority said the 64 Express container-on-barge shuttle service between Hampton Roads and the Port of Richmond will increase frequency from two to three sailings per week.
Werner opens new Detroit-area terminal
RedPrairie powers up SQL Server 2012
FMC reviews 17 OTI license applications
APM Terminals touts takeover plan to Virginia mayors
Prices fall mid-week in Fujairah Softer pricing seen in most ports.
Bunker prices softening in Rotterdam And were generally falling across Europe.
Maersk to talk to Vitol about Iranian oil Danish ship used to move cargo to Singapore, says Reuters.
EU abandons regional approach to CO2 reduction Policy change paves way for global agreement on shipping emissions.
Environmental Ship Index uptake 'beyond expectations' Almost 1,500 ships registered and more ports due to join incentive scheme to reward lower air emission.
IMO rejection causes 'disappointment and concern' ICS wants low sulphur availability study done 'as soon as possible'.
Plans for LNG terminal in 'full flow' 'We are scanning the market to ensure we offer the right service,' says Gothenburg partner.
Hong Kong companies consider LNG-fuelled fast ferries LNG-fuelled ships in Asia within 'two or three years', says market observer.
Developer of low cost emulsion fuel in fundraising drive Quadrise to give details of share placing on Friday.
Bunker prices lower mid-week Demand mostly weak across key Asian ports on Wednesday.
New Chief Executive for IBIA 'Cliff Brand will develop and service a membership representing all sectors of the marine fuel business.'
Trafigura 'in buying mood' Rumours circulating that company is considering adding to its fleet.
Investor pays $1.15 million for Titan shares Launches mandatory offer for remaining shares of the Hong Kong-listed firm it does not already own.
Swedish port goes green with cold ironing facilities Wins environmental award for investing in shore-to-ship solution.
Charterers prefer eco tonnage, says Norden Will acquire additional product tankers with eco properties if the price is 'right', says head of tanker department.
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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