Swiss Post renews its fleet Swiss Post is relying on Renault vehicles for its new distribution vehicles. In the period from 2012 to 2014, it plans to procure 700 to 1,000 Renault Master 125.35. The first vehi...
Casablanca-Kenitra railway to be upgraded and extended Construction work on the extension and upgrading of the Casablanca-Kenitra railway line has begun in Morocco. The extension and upgrading of this section is part of the planned ove...
P&O Ferrmasters gears up for CEE growth Logistics solutions leader P&O Ferrymasters carried 30,000 loads to and from Central and Eastern Europe (CEE) last year and is now poised to surpass this strategic milestone in...
New terminal in Vladivostok receives SACO ULD handling equipment Four airports in the Russian Federation have received ULD handling equipment from SACO this year. They include Norilsk Airport in the most northern airport in Siberia, Chelyabinsk ...
Toll Global Forwarding appoints Steve Buckerfield as UK MD Steve Buckerfield has assumed the role of Toll UK managing director. Buckerfield, who started as an export clerk at Emery Worldwide, went on to work for American Airlines from 1990...
Bombardier to assemble diesel locomotives for EMD Bombardier Transportation is joining forces with Electro-Motive Diesel (EMD) to assemble diesel electric locomotives in India. Bombardier will deliver diesel locomotives to EMD for...
Braemar Shipping Services appoints finance director Braemar Shipping Services has announced the appointment of Martin Beer as finance director, with effect from 15 October 2012. James Kidwell, CEO, will hand over his responsibilitie...
Russia and Czech Republic liberalise air service agreement Russian and Czech aviation authorities have signed a new air service agreement and added one more designated carrier from each country to the Moscow-Prague route. At the Russian en...
IATA says slowdown in demand continues The International Air Transport Association (IATA) reported global traffic results for August showing that air freight volumes fell 0.8% on the previous year. The minor recovery se...
Nagel Group takes majority stake in Wustermark Nagel Group, Germany's food logistician with European-wide operations, is taking over 81% of the shares in the deep-freeze logistics centre Wustermark (TCW). This acquisition is st...
APL Logistics opens new quality assurance centres in Bangladesh APL Logistics has opened two new quality assurance centres in Bangladesh. The first is located in Dhaka and the second in Chittagong. With the new centres, APL Logistics stated it ...
Cooperation agreement between Grimaldi Group and NEL As of 3 October, the Grimaldi Group of Naples and NEL of Mytilene (Greece) commenced a close cooperation on the Brindisi-Igoumenitsa route. They offer daily departure,s transportin...
Werner Lundt's shipbuilding journey from boom to gloom As his retirement approaches, the general secretary of German shipbuilders' association VSM looks at the industry's outlook
Rise in employee numbers fails to resolve problems Survey undertaken before P+S Werften filed for insolvency, putting at least 1,800 jobs at risk
Yildirim Holdings' terminals arm to take 54% stake in Gemport Yilport to finalise acquisition of 600,000 teu capacity terminal in next two and a half months
Drewry sees 2%-5% rise in vessel operating costs Research confirms similar findings by Moore Stephens
Sovcomflot shakes up technical management team Russian giant unites operations for its entire tanker fleet to target oil and gas projects
GE Capital fronts $173m credit facility for Rand Logistics Great Lakes operator says cash is 'growth capital'
Emporiki shipping loans may stay with French parent Credit Agricole tipped to retain a chunk of its Greek shipping portfolio
Ultranav hires MR tanker for three years as Americas product trade grows Demand will drive further regional time charter fixtures, say analysts
ICG fights the economic headwinds Dublin-based ferries to feeders group reports slight rise in profit on year despite lower turnover
Product tankers pin hopes on Atlantic refinery restarts Trades in dire need of a rates rally
Angola launches LNG exports at last NYK carrier docks at Soyo to deliver country's first consignment of gas to market
Project bonds possible for LNG owners, says SocGen Instrument could mean lower interest rates
German owners ponder proposed scrapping premium Offen suggests the measure to restore supply-demand balance
LNG shipping rues decision to halt Norway expansion Capacity increase would have enhanced gas shipping flexibility
NYK targets 'more than shipping' with gas growth Japanese owner seeks to enhance entire LNG supply chain
New LNG tank design aims to cut owners' construction costs by 30% Containment tank promises hefty savings
NYK's long view Sensible words from Yasumi Kudo
On the defensive Despite a drop in Indian Ocean pirate attacks, armed guards remain a necessary evil
Shipping industry urged to invest in enhanced training for PMSCs Training for dangerous cargoes and S2S transfer should be mandatory, says Eos Risk chief
Weak demand for parcel tankers spells loss for Stolt-Nielsen Third-quarter sees operating profits slide into the red
Containers struggling, LNG buoyant Figures for idle ships do not tell the whole story, particularly where liquefied natural gas carriers are concerned
Exclusive: MSC rules out newbuildings until world economy picks up Diego Aponte criticises behaviour of some competitors
Cargotec appoints Mäkinen to lead Asia marine business IPO Port and ship handling firm aims for second-half 2013 deadline
Fourth CIC ship arrested GERMAN cruise operator Ambiente said today it is severing ties with struggling cruise shipowner Classic International Cruises because of the arrest of its Princess Daphne
Chappell warns 'share-price volatility' for OSG OSG'S board resignation over a tax dispute arose at "an inopportune time" for the tanker major, Evercore analyst Jon Chappell said today
Ships remain mired on beach SALVORS continued today to try refloating two ships grounded since last week on a holiday beach near Valencia
Guangdong Zhenrong raises bid for Titan CHINESE oil trader Guangdong Zhenrong has increased its offer for insolvent Hong Kong fuel trader-cum-tanker owner Titan Petrochemicals
Wind energy vessel arrives in UK MPI ADVENTURE, the world's largest wind turbine installation vessel, is due to arrive in the UK's Tyne port today to load a prototype that will eventually serve the UK's growing offshore wind energy industry
ECSA fears where will EC emissions plan leads THE EC'S shipping monitoring scheme will inevitably lead to the EU introducing its own market-based measures to curb shipping emissions, the ECSA has warned
Box upturn seen fizzing out THE UPTURN in box shipping in mid-2012 will not sustainable because of weakening demand in Europe and continuing ULCS deliveries, according to NYK's boss
NYK to stress foreign drybulk NYK PRESIDENT Yasumi Kudo has said the group plans to increase business from overseas drybulk customers to address the sector's "disastrous circumstances"
Japan vehicle exports fall JAPAN'S vehicle exports contracted in August, for the first time this year
Wintermar granted $10M loan INDONESIA'S Wintermar Offshore Marine has secured a $10M loan from the World Bank's IFC to boost its fleet of OSVs
US Lines to Impose Surcharge If Strike Hits NZ Ports US Lines filed a New Zealand Strike Surcharge at $110 per 20-foot-equivalent unit, effective for cargo received on or after...
West Coast Container Ports Eke Out Gains Container volumes at West Coast ports inched up in August, with imports increasing slightly and exports decreasing a bit. ...
US-Panama FTA Expected to Take Effect in November WASHINGTON D.C.- The U.S.-Panama free trade agreement likely will take effect in November, with the signature of President Ricardo Martinelli...
ILA, NYSA Discuss Local Contract Representatives of the International Longshoremen's and the New York Shipping Association have opened negotiations on a contract covering issues including...
Pirates Plunder Salvage Equipment Headed for Rena Wreck Without being detected, pirates recently plundered NZ$20,000 (about US$16,387) of specialized salvage equipment that had been on board the barge...
CMA CGM May Sell 6 Percent Stake CMA CGM is in advanced negotiations for a $150 million cash injection by France's state investment fund in return for...
India, Austria Sign Shipping and Port Infrastructure Technology Pact India and Austria signed a memorandum of understanding to accelerate cooperation in the development of port infrastructure and maritime security...
Universal Truckload, LINC Logistics Merge Universal Truckload Services completed its acquisition of LINC Logistics, a Warren, Mich.-based third-party logistics provider heavily associated with the automotive...
P&O Maritime Wins Contract in Mozambique P&O Maritime FZE claims it will boost supply chain and port service efficiency in Mozambique after securing a marine services...
IAG Cargo Revenue Jumps 4.3 Percent Year-Over-Year International Airlines Group, the merged British Airways-Iberia carrier, reported year-over-year growth for a second month, with September traffic increasing 1.2...
Matson, Pacer Execs Receive Connie Awards The Containerization and Intermodal Institute presented its 2012 West Coast Connie Awards to Matthew J. Cox, president and CEO of...
Grup TCB is 'also out' of Ennore Grup TCB, one of the main shareholders in the Bay of Bengal Gateway Terminal Private Limited (BBGT) consortium that was established to design construct and operate ...
ICG fighting back After posting a fuel-impacted 21.5% decline in its profit before tax at the H1 stage, Dublin-headquartered ferries to feeders transport group ICG [Irish Continental ...
Rotterdam Cool Port planned The port of Rotterdam is to develop a specialised facility for handling, storing and distributing perishable products. Rotterdam Cool Port will be located on a ...
Liverpool port homecoming for legendary locomotives The Port of Liverpool and Atlantic Container Line have helped to facilitate a family reunion on behalf of the National Railway Museum with the arrival onboard an ...
Oz cuts rates in face of Chinese slowdown Australia's central bank cut a quarter of one quarter of a percentage point off of its bank lending rates on Tuesday as its mining sector took a hit from reduced ...
Tender for new Santa Fe port expected by year end Plans to build a new deepsea port in Santa Fe, which is located in the river Plate region of Argentina, are moving ahead, with the regional agencies and EAPSF, ...
ECLAC report points to slower growth in Latin America The Economic Commission for Latin America and the Caribbean (ECLAC), which is a unit of the United Nations, has projected that economic growth in the region is ...
Singer backs seizure A US hedge fund backed by billionaire financier Paul Singer appears to be behind the arrest of an Argentine naval frigate in Africa.
Silence is deafening A mysterious tax issue that led to the resignation of an Overseas Shipholding Group board member couldn't have come at a worse time, according to an analyst from Evercore Partners.
Less is more Greek shipowners control fewer ships than at any time since 2008, but the deadweight of those vessels has hit a record high.
No more hurricane pain Stolt Nielsen doesn't expect to feel any more pain from the recent flooding of its New Orleans terminal.
Seafarer's neck broken A crewman died instantly after a snapped wire broke his neck on a Taiwanese bulker in the UK.
Prosafe inks another Prosafe has returned to Singapore's Jurong Shipyard for another semi-submersible accommodation barge.
ESL's slight delay Ethiopian Shipping Lines (ESL) has suffered a two-month delay in getting its hands on new MR tankers.
LDH finds new owners A pair of investor groups have scooped up energy trader Louis Dreyfus Highbridge Energy (LDH Energy), a US charterer and owner in the dry-bulk sector.
Fire under control A blaze on board a German multipurpose cargoship has been brought under control at Stavanger in Norway.
Bunker seals loan deal Bunker Holding has beefed up its loan facility by half to fund its future growth.
No quick exit Germany's Commerzbank is expected to retain most of its shipping staff to wind down its marine portfolio.
Chilean dockers walk Strike action by dockers in Chile looks to be spreading as workers protest against changes to the retirement age.
Nikolay drugs nicked Some of the cocaine seized from a Bulgarian cargoship off Spain has been stolen from a storage unit in Cadiz.
Stormy for Stolt Stolt-Nielsen has reported lower third quarter numbers as its tanker segment continued to suffer.
Teekay in a tangle A fishing boat needed diving assistance to free its net from the propeller of a Teekay tanker off Norway.
Ambiente ditches Daphne Classic International Cruises' (CIC) future looks in dire straits after German cruise operator Ambiente Kreuzfahrten said it was severing its ties with the company and cancelling future vessel charters.
Stick with it Planned November rate rises for containerships will be tough to implement, according to Denmark's Sydbank.
Solvtrans gets busier Norwegian wellboat owner Solvtrans boosted its utilisation rate to 95% in the third quarter.
Tallink on the climb Estonian ro-ro group Tallink has logged improved passenger and freight figures for the third quarter.
Incat wins trio Australian yard Incat Crowther is designing a pair of ferries for the Caribbean.
Kembla up for sale The New South Wales (NSW) state government has formally kicked-off plans to privatise Australia's second largest coal export facility.
Statoil ties up rig trio Statoil has spent at least NOK9.2bn ($1.6bn) securing additional rig capacity for its drilling program in the North Sea.
Textainer in box buys Textainer, the world's largest lessor of intermodal containers based on fleet size, has bolstered its owned fleet with a $98m acquisition.
They will survive Ocean Rig's (ORIG's) marketing chief will be tough to replace but the drilling contractor should be able to endure the departure with limited disruption, according to an analyst at Evercore Partners.
Report: Seaport property outperforms "Now at an all-time high for the United States, exports have become an increasingly important driver of activity at domestic ports and their surrounding real estate markets," Jones Lang LaSalle said.
Drewry: Ship operating costs down 7% Drewry Maritime Research said some ship operating costs retreated in 2012, falling by up to 7 percent from 2011 levels, a year when operating costs rose 2 percent to 5 percent depending on vessel sector.
Jarvis to merge with Crowley Logistics
Shippers played waiting game during ILA negotiations The reaction of cargo owners toward an unresolved contract negotiation between longshoremen and maritime employers that could have led to a shutdown of East and Gulf coast container ports this week was more muted than their rhetoric suggested.
Rand secures loan for refinancing, growth
New Zealand settles with Rena owner The New Zealand government and the Greek owner of the containership Rena reached a comprehensive financial settlement in respect to matters arising from the ship's grounding on Oct. 5, 2011.
Stolt Nielsen reports 'weakened' results Stolt Nielsen said it had a net profit of $6.7 million in the third quarter ending Aug. 31, compared to $22.2 million in the same period a year earlier. Operating revenue was $516.4 million in the third quarter of this year.
Kewill integrates Clippership with Stamps.com
Supply chain management in the blood
U.S. says illegal electronic exports 'advanced Russia's military'
Singapore's fuel oil stocks drop to a five-week low Fewer arbitrage cargoes arriving.
Shipowners worry ahead of sulphur deadline Questions remain about avails of low sulphur material after 2015.
MEPC re-elects Chairman Andreas Chrysostomou praised for 'exceptional' skills and stewardship during past decade.
Production of 'low cost alternative to IFO' to start next year 'Full commercial roll-out during 2014,' says Quadrise.
Maersk and Vitol start talks Use of chartered Maersk tanker to carry Iranian fuel oil cargo under discussion.
Piraeus-based shipowner gets ISO 50001 certification Certificate includes two 'high specification' VLCCs featuring a variety of fuel saving technologies.
Bunker prices continue downwards trend Supplies of bunker fuel were fine in key Asian ports on Thursday.
GHG debate pushed forward to next MEPC Discussions of MBMs and other GHG items delayed as need for Resolution on technology transfer takes precedence.
Hanjin Shipping vessels verfied as 'clean' Clean Shipping Index evaluates the environmental performance of ships and carriers.
China imports LSFO cargo from Taiwan Chinese bonded bunker suppliers showed weak interest in Venezuelan fuel oil, reports say.
Bunker Holding secures $625 million for future growth New funds secured increases its financing facilities by 50%.
EU: EEDI 'not enough' to reduce shipping emissions EU to pursue system to monitor shipping activities based on fuel consumption.
O.W. Bunker expands UAE trading team Christian Nielsen joins as bunker trader.
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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