Doha does it like Berlin After the never-ending story about the delayed inauguration of the new airport for the German capital Berlin (cf. ITJ Daily of 9 May 2012), New Doha international airport (NDIA) in...
New CFO for Signature Flight Support Signature Flight Support Corporation has appointed the Finnish national Sami T. Teittinen as chief financial officer. As a member of the executive management team, Teittinen will b...
GE unveils first tier 4 heavy-haul locomotive USA-based GE Transportation recently unveiled the prototype for its next Evolution series locomotive that will decrease key emissions by more than 70% and save railroad customers m...
Oil products shipped by rail for Russian domestic market up 2.8% In the first seven months of 2012, 74.7 million t of crude oil and petroleum products for the Russian domestic market were carried by rail, 2.8% more than in the same period in 201...
Number of road freight operators falling in the UK Growth in UK's domestic road freight activity remained weak in Q2/2012 according to the Freight Transport Association's (FTA) latest quarterly transport activity survey (QTAS). The...
Scania concludes large deal with PostNord In its new vehicle procurement programme, the mail service provider PostNord has chosen vehicle manufacturer Scania to supply all the heavy trucks for the distribution of letters a...
CEO of Munich airport at the helm for ten years Dr Michael Kerkloh is celebrating his tenth year as head of FMG, the Munich airport operating company, this September. He is the FMG's president and CEO, as well as the comp...
Worldwide air freight demand contracted once again in July The International Air Transport Association (Iata) announced July's global traffic results showing that air freight demand contracted by 3.2% compared to July 2011 but was unchange...
IAG Cargo signs master lease agreement with CSafe LLC CSafe LLC, a joint venture between AmSafe Inc and AcuTemp Thermal Systems, and IAG Cargo, the single business of British Airways ...
Grimaldi's ACL orders five ro-ro newbuildings ACL, the US-based subsidiary of the Grimaldi Group (Italy), has now officialised its new order for five multipurpose ships of an unprecedented kind, all due for delivery in 2015. ...
Dachser inaugurates another branch office in China The global logistics service provider Dachser recently opened a new branch office in Nanjing (China), thereby augmenting its network at locations in the Yangtze Delta. With the fac...
Raben investing in Nuremberg site Raben Group, an international transport and logistics service provider, officially opened its new logistics terminal in the inland port of Nuremberg (Germany) on 31 August 2012. Th...
United Shipping appoints EPS Logistics as a new member United Shipping Inc (USI), a worldwide association of independently-owned freight forwarders and customs brokers with over 135 partner companies and 375 offices, has appointed EPS ...
Good times could return to box trades by 2014, CSAV boss predicts Hasbún says ordering standstill will stabilise supply
Chinese yards eye a shift away from shipping Lack of orders has put the squeeze on Chinese shipbuilders' margins, but there are doubts over their ability to widen their product mix
Fortescue reduces iron ore expansion target by 25% Revised plans axe some 200 capesize loadings
Diversified business models deliver diverse outcomes Pursuing new niches has benefited some shipyards more than others
Hornbeck OSV quartet boosts orderbook to $900m NYSE-listed company leads Jones Act offshore support vessel fleet modernisation
Charterers wear aframax owners down to lower rates Oil majors market cargoes in the Baltic Sea and Mediterranean
North P&I slams 'deeply flawed' EU sanctions Industry forced to police insurance ban against Iran and Syria, club warns
Brokers and underwriters lock horns over rates Overcapacity will hold back any increase in rates, says AJ Gallagher
Slower speeds are here to stay for dry bulk and tankers RS Platou quarterly assessment indicates little change since May
Comment: All bets are on, but iron ore market will remain volatile Cargo oversupply is critical factor behind fall in spot-market pricing
McLoughlin replaces Greening as UK transport secretary Former miner previously worked at DfT
MAIB coping with loss of staff Investigators able to do more with less
Insolvencies set to increase Cheap buying options only benefit of collapsing German sector, warns König
Ahrenkiel and MPC join forces Joint marketing effort to boost tramp fleets
Deadline looms for PSAI concession deal at JNPT Port giant faces penalties unless it concludes an agreement in Mumbai
Baltic casualties fall despite rising traffic Passenger vessels take disproportionate share of casualties
Ezra Holdings spins off offshore yard Firm to list stake in Triyards as it targets emerging markets
End the credit drought Shutting down all lending will not solve banks' problems
Wan Hai profits double in first half Intra-Asia player among this earnings season's best performing container lines
Slow steaming absorbing excess capacity Alphaliner says 930,000 teu utilised, up 30% this year
Don't skimp on safety The UK's Marine Accident Investigation Branch has lost one in four of its coalface workers as a result of the government's austerity drive
MAIB loses a quarter of inspectors after budget cuts Owners and union express concern over changes
Dafni action against CMA CGM reaches Hong Kong court Former CNC boss claiming more than $1m in unpaid salary and bonuses
SMM 2012: Carbon War Room offers olive branch to shipping Lobby group seeks more collaborative approach to cutting emissions from existing fleets
Moody's ponders MOL ratings downgrade Japanese firm hurt by weak bulker and tanker shipping markets
Quijano takes over from Alemán at Panama Canal Popular outgoing chief executive spent 16 years in job
Teekay LNG Partners lines up $200m follow-on issue Company pounces on cash-grab opportunity at top price as market players return from summer vacation
Valero to convert Aruba refinery VALERO has announced further cutbacks at its Aruba refinery and plans to convert the facility into a storage terminal as it hunts for a buyer
ECO-design VLCCs could knock older values VLCCS that burn less fuel than current vessels of the same type might push down secondhand values of such tankers, according to Poten & Partners, the New York tanker broker
Bunker debt behind arrest ITALIAN bunkering company Fratelli Cosulich has confirmed to Fairplay that it ordered the arrest of one of compatriot shipowner Rizzo Bottiglieri De Carlini's ships in Singapore over unpaid marine fuels
CSAV narrows losses CHILEAN carrier CSAV has reported sharply lower - albeit still hefty - losses as its restructuring gradually pays off
82 held in migrant smuggling cases GREEK authorities are today holding 82 people involved in migrant smuggling attempts over the past week
Hyundai pay deal voted HYUNDAI'S union workers have approved a pay deal, thus reducing the squeeze on South Korea's auto exports, IHS Global Insight reported today
Weak freight markets depress secondhands WEAK FREIGHT markets are continuing to press down second-hand values for bulkers and tankers, a key shipping analyst said today
Steady VLGC rise seen MIDEAST LPG exports to Asia are continuing to provide business for the global carrier fleet, according to a Drewry study
Drydocks World's loan details reported HSBC HOLDINGS and BNP Paribas were reported today to be among banks extending a $1.5Bn loan to Dubai's Drydocks World as it restructures debt
Fortescue cuts back by $1.6Bn CRASHING ore prices sent jitters through the Australian markets today, with Fortescue Metals announcing it would shelve a port project and a mining scheme
Sanko cancels newbuilding BANKRUPT Japanese shipowner Sanko Steamship has defaulted on another newbuilding
Iran-Japan oil flow staunched JAPAN did not import any Iranian crude in July, a 31-year first
13-year-old VLCC? Possible buyers queue up BROKERS have told Fairplay that up to five potential buyers have registered to inspect the two VLCCs ExxonMobil is selling
Nam Cheong sells AWBs for $59M NAM CHEONG said it has closed a deal to sell two accommodation work barges for $59M to a Malaysian offshore player
WTSA Carriers Plan Rate Increase Container shipping lines in the Westbound Transpacific Stabilization Agreement have announced a recommended Oct. 1 general rate increase of $160...
FMCSA Orders 'Reincarnated' Tennessee Trucker Off Highway It didn't take long for Three Angels Farms, a small Tennessee-based trucking operator shut down by federal regulators in June...
Carriers to Implement Surcharges If East Coast Ports Close Several container ship lines have announced congestion surcharges that will take effect if East or Gulf coast ports are closed...
Demand for Natural Gas Trucks to Rise 14 Percent The global market for natural gas-powered heavy trucks will expand 14 percent a year through 2019, with growth strongest in...
Globaltrans Profit Stalls in First Half of 2012 Globaltrans profit stalled in the first half of the year as the increased borrowings by the Russian rail freight operator...
Quijano Takes Over As Canal Administrator The Panama Canal Authority on Tuesday installed its third Panama Canal administrator, Jorge Luis Quijano, an engineer with 36 years...
Russian Railways Mulling Bid in GEFCO Russian Railways is reported to be mulling a bid for GEFCO, the transport and logistics arm of French auto manufacturer...
Democrats Push Infrastructure Spending at Convention The Democratic party platform released on Monday night suggests President Obama will forcefully defend his infrastructure stimulus spending and call...
Norwegian Car Carriers Narrows Loss Norwegian Car Carriers narrowed its second quarter loss from a year ago and forecast a strong second half as the...
CMA CGM Sells Luxury Cruise Unit CMA CGM completed the sale of luxury cruise-line operator La Compagnie du Ponant to the private equity firm Bridgepoint as...
Carriers Accelerate Extra Slow-Steaming Ocean carriers have increased total container capacity absorbed by sailing their ships at extra slow speeds by 30 percent since...
Hapag-Lloyd Expands Russia Express Service Hapag-Lloyd is upgrading its Russia Express Service (REX) with an additional eastbound call at Gdynia, Poland, starting this month. ...
APL Logistics adopts AutoDirect Singapore-based APL Logistics (APLL) hopes to increase its share of the global trade in vehicles by carrying more units in containers. To help this process it has ...
World container trade to still grow in 2013 Philippe Hoehlinger's latest Q3 12 macroeconomic analysis of the main variables affecting global container trade shows that growth this year and next will be slightly ...
Hapag-Lloyd to upgrade feeder services to Poland Hapag-Lloyd intends adding an eastbound call in Gdynia to its weekly REX service between northern Europe and the Baltic Sea. The service was started in April 2012 ...
Fyffes result driven by growth and better logistics efficiencies Fyffes, the Ireland-based fruit distribution company (of mainly bananas and pineapples), has announced a significant improved interim profit which it attributed ...
CSAV still in serious financial trouble Chile-based CSAV's attempts to turn its financial performance around through shedding loss-making business, including using slot charters with other carriers rather ...
DP World extends partnership with PCFC DP World is strengthening the security arrangements at its various cargo-handling facilities in Dubai, including at its 'flagship' container terminals in Jebel ...
SA trade deficit approaches ZAR7 billion The latest figures on South Africa's trade balance published by the South African Revenue Service (SARS) revel that the trade deficit in July was sharply up on ...
Master sleeps it off Danish authorities said a cargoship captain tested positive for alcohol after the vessel was spotted lurching in the Oresund.
Keppel MD passes away Keppel Corp is mourning the death of a senior executive who was on the verge of completing 30 years at the company.
SeaBird in seismic swoop Norway's SeaBird Exploration has clinched a charter for a seismic survey ship worth the equivalent of $150,000 per day.
Unsafe and inhumane The inquiry into the sinking of Papua New Guinea's Rabaul Queen has criticised its owner over the condition of the ferry.
Interest grows in P+S Insolvent German shipyard P+S Werften has attracted another potential buyer.
Hornbeck splashes the cash Hornbeck Offshore has exercised options to build four more offshore support vessels for $180m.
Dafni claims $1.15m Former CNC Line chief Igal Dafni is facing another court battle as he seeks to recover more than $1m in unpaid wages and bonuses from parent CMA CGM.
Amsterdam edges it The port of Amsterdam has increased first-half cargo volumes by 2% as oil cargoes rose.
Graig and GMI go to China Graig Group and Global Maritime Investments are teaming up to offer a lifeline to Chinese shipyards battling with the downturn.
Jefferies trims five Jefferies has taken the knife to its recommendations for a number of the major Asian shipowners over poor industry prospects.
Isaac grounded bulker A Swiss bulker could be stuck on the banks of the Mississippi for a month after Hurricane Isaac pushed it aground.
Testing trouble A newly converted Teekay FPSO has suffered a fire during sea trials off Singapore.
Shih Wei weaker Bulker and general cargoship owner Shih Wei Navigation has suffered another erosion of earnings as revenue declined.
Fire kills two Two workers have been killed in a blaze that broke out on a Latvian cargoship in Ukraine.
Neptune trims the red Neptune Marine Services has seen a dramatic improvement in its performance as it continues to restructure operations.
Ezra eyes October listing Ezra Holdings looks set to spin-off its shipyard arm as early as next month senior executives have told investors.
Drewry warns over LPG Speculative ordering of LPG tonnage could have a negative impact on the sector, a leading industry consultancy has warned.
Atlantic wins barge deal Atlantic Navigation has won a contract potentially worth $43m to supply a jack-up accommodation barge for work in the Persian Gulf.
Frozen labor talks continue between ILA, USMX As Americans celebrated Labor Day, there was still no sign of a thaw in the frozen labor negotiations between the International Longshoremen's Association and employers of its members. East Coast ports prepare for the worst.
COSCO plans major TP congestion fee
G6 lines to shelve one Asia-Europe loop for winter The carriers will suspend their Loop 3 service, which has a rotation of Shanghai, Ningbo, Shekou, Singapore, Le Havre, Rotterdam, Bremerhaven, Gothenburg, Rotterdam, Jeddah, Singapore, Shekou, Hong Kong, and Shanghai.
Re-launched carrier gets another DOT takedown
EI Systems runs rails for Port of Montreal
Equinox provides on-the-road mail
Rate war - Part 2
APi picks Astea for growth
WTSA joins TSA in assessing low-sulfur fuel fee Since Aug. 1, liner carriers have been subject to new International Maritime Organization regulations that require cleaner fuel to be burned near U.S. and Canadian coasts to reduce vessel emissions.
MSC proposes sizable bunker fees
Maersk slows WAF2, further speeds up WAF3
Full port operations resume at New Orleans
CSAV narrows losses
Potential ILA strike: Worried now? When contract negotiations between U.S. East Coast and Gulf Coast longshoremen and their employers abruptly broke down Aug. 22, the news didn't catch the majority of shippers and carriers by surprise.
APL Logistics service ships cars in containers The subsidiary of NOL said moving automobiles in containers allows more frequent shipping of vehicles from origin to destination as well as reduces transload times and handling which can lead to damages.
Maersk, DuPont to install onboard sulfur scrubber
Washington Notebook: ICE chief of staff resigns over sexual allegations
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