LPL Projects+Logistics in Hamburg completes its executive management Armin Schriefer (45) was named managing director of the German company LPL Projects+Logistics, which is headquartered in Hamburg, on 1 October. He was previously an executive in th...
Asky Airlines to resume service to three African destinations Starting tomorrow (3 November), multinational Asky Airlines based in Lomé (Togo), is to serve the Gambian capital Banjul again. The thrice weekly Lom'-Accra (Ghana)-Freetown (Sierr...
Panalpina now officially GDP certified at Brussels airport too The Basel (Switzerland)-based service provider Panalpina has reported that its operations at Brussels airport have the latest to obtain official GDP (Good Distribution Practice) ce...
Russian Railways spends nearly EUR 890 million on train safety improvement programme Russian Railways spent more than RUB 3.3 billion (EUR 31.3 million) on implementing a train safety improvement programme in 2011, and more than RUB 36 billion (EUR 886 millio...
ACI sees cargo traffic growth until 2031 Airports Council International (ACI) has published its Global Traffic Forecast 2012-2031, based on surveys of its members - close to 200 airports all over the world - for their vie...
UPS public offer for TNT Express - extension of offer period The US integrator United Parcel Service (UPS) and the Dutch service provider TNT Express N.V. (TNT Express) have announced that the Netherlands Authority for the Financial Markets ...
DSV Solutions to operate European supply chain services for Yokogawa Europe DSV Solutions in the Netherlands has won a long term contract to operate Yokogawa's European supply chain operations from its brand new service centre in the Amsterdam Westpoort ha...
Less profit for Swiss despite rising load factors in Q3 Swiss International Air Lines reported an operating profit of EUR 153 million for the first nine months of 2012, a 36% decline compared to the...
Deutsche Post to test 50 pilot vehicles in 2013 After a one-year development phase, the first Streetscooter prototype has met Deutsche Post's expectations in terms of features loading capacity and safety standards. Deutsche Post...
UASC with new direct service between Turkey and Red Sea, Arabian Gulf and Indian subcontinent Kuwait-based United Arab Shipping Company (UASC) began operating a new direct service between Mersin, Izmir and Istanbul (all Turkey) and destinations in the Red Sea, Arabian Gulf ...
Kerry Asia Road Transport launches China-Vietnam LTL trucking service Kerry Asia Road Transport (KART) has launched a new scheduled twice-weekly trucking service connecting Shenzhen (China) and Hanoi (Vietnam), through its Asean-China road network. T...
Measures to cut costs at Rail Cargo Austria The supervisory board of Austria's state railway OeBB has decided on a range of cost-cutting measures for its freight arm Rail Cargo Austria (RCA). Some 100 employees will be made ...
4flow reinforces its business development field Martin Benning is joining 4flow, a company providing consulting, software and services for logistics and supply chain management. He will be in charge of developing new transportat...
London Club raises P&I rates by 12.5% P&I CALL rates have been raised by the London P&I Club - by 12.5%
Is Asia/Europe box recovery imminent? A RECENT rebound in Asia/Europe box rates has left analysts divided over whether it means a recovery is imminent
Keppel to convert FLNG for Golar KEPPEL Shipyard has agreed to convert a Moss LNG carrier into a floating LNG plant for Golar LNG
Missing Russian gold ship sailed illegally RUSSIAN gold ship missing since the morning of 27 October turns out to have sailed illegally into the Sea of Okhotsk
One Mombasa strike halts, another starts DOCKERS in Mombasa today reportedly halted a strike that had snarled Kenya's main port for two days
DPW to add container terminal at JNP DUBAI Ports World has been cleared to invest about $200M for a new box terminal at Jawaharlal Nehru Port
China schedules start of labour rules CHINA has scheduled its implementation of an international labour convention
Golar LNG prices follow-on JOHN Fredriksen-controlled Golar LNG Partners today priced a follow-on offering to pay for acquiring an LNG carrier from sponsor Golar LNG Ltd
Yang Ming turn losses into $92M in profits YANG Ming Marine Transport of Taiwan has reported third-quarter net profits of NT$2.7Bn ($92M), up 153% on losses of NT$53 ($181M) in same period of last year
Box rate yo-yo warned RATE RISES for box ships on Asia/Europe routes might be followed closely by a rate collapse, a senior shipping analyst has warned
Viking sees weak North Sea PSV market THE NORTH Sea's PSV market is likely to suffer a mainly soft final quarter of the year due to continued flow of new vessels on the market, says Viking Supply Ships
Prospering Panalpina gains market share SWISS logistics group Panalpina, the global ocean freight forwarder, said today it is closing in on significant gains in market share
Russian groups set for commodity takeovers Argos Group, which trades and distributes petroleum and biofuel products in Europe, is set to be acquired by AFK Sistema - the Moscow-based holding of Vladimir Yevtushenkov
COSCO yard unit's profits fall 19% COSCO Corp (Singapore) said today its profits fell 19% year on year in the first nine months of 2012, on decreased shipbuilding and drybulk revenues
Oz LNG exports seen at 20M tonnes AUSTRALIA'S resources minister Martin Ferguson said today the country's LNG exports are estimated to reach 20M tonnes in 2011-12
Fargo 'TOPS' for Roadways UK transport and logistics software provider, Fargo Systems has signed a five-year deal with multimodal transport group, Roadways Container Logistics to roll out ...
Wan Hai showing the way Taipei-headquartered Wan Hai Lines continued its profitable work in Q3 adding another USD42 million dollars of net profit to the USD26.4 gained at the half year ...
American consumers more confident That is the finding of the latest Conference Board Consumer Confidence Index which rose to 72.2 in October, up from 68.4 the month before, hitting a five-year high ...
Containers give way to sail
MSC Flamina: blaze still a mystery
Fuel shortages hamper Sandy clean-up With the death toll rising to more than 90 and millions of Americans and thousands of businesses on the US east coast still without power a shortage of fuel is ...
Asia - Europe GRIs holding At least that is the anecdotal view, and not least also the view from the spot markets, suggesting that the radical culling of services by liners on the troubled ...
US in Jones Act waiver The US Department of Homeland Security has temporarily suspended Jones Act restrictions in response to fuel shortages caused by Hurricane Sandy.
RCL oils paper press Royal Caribbean Cruises has turned to shareholders with a $500m paper issue.
Uljanik stretches loss Croatian shipowner Uljanik Plovidba has seen nine-month losses grow as costs rose.
Hellenic tied to buy Sale-and-purchase brokers have linked Hellenic Carriers of Greece to the unconfirmed acquisition of a supramax bulker.
E-mails are private Fairstar Heavy Transport has failed in a bid to access the e-mails of former chief executive Philip Adkins in a legal case that is seen as having important implications for the way business is done today.
Tankers trump Facebook Sadly for fans of Fridays, hard work pays better than spending time on Facebook - even if you own the social media phenomenon.
Great Eastern builds profit Indian tanker and bulker owner Great Eastern has been boosted by ship sales as its profit rose in the second quarter.
Bigger is better India's Shreyas Shipping & Logistics has returned to profit in the first half as it expanded its fleet.
Two sides to FLNG story Golar LNG's plan to enter the floating LNG arena has contrasting implications for its rivals, DNB says.
New dawn for Sunrise A Jutha multipurpose has been refloated after a month stuck in Spanish sand.
Daily life at sea We take a look at what was said in the market in the past week.
Yang Ming chops loss Asset sales have helped Taiwanese container line Yang Ming reduce its losses in the first nine months.
TransAtlantic plots sales Christen Sveaas' Rederi AB TransAtlantic has cut its third quarter loss but it remains unhappy with its performance in Industrial Shipping.
Cosco Sing slumps Cosco Corp (Singapore) has seen its bottom line sag in the third quarter as the shipbuilding and dry-cargo markets continued to struggle.
UECC crewman dies A crewman has died on a UECC car carrier after complaining of chest pains off France.
Cauvery: two bodies found Two more bodies have been found in the search for five missing crew who abandoned a grounded Indian tanker off Chennai.
Greek sweet on capes Moundreas' triple purchase catches the eye amid questions about charterers hunger for the ships.
IHI grows earnings Japan's IHI Corp has posted a big jump in six-month profit ahead of its shipyard merger with JFE Holdings.
Eagle lands term deal A Deep Sea Supply anchor-handler has clinched 12 months of work in Malaysia worth $8.5m.
Tax trims Olsen profit Norwegian owner Fred Olsen's holding company Bonheur has seen profit held back by a bigger tax bill in the first nine months.
ABP buys new cranes Associated British Ports (ABP) has awarded a contract to Liebherr for four new ship-to-shore gantry cranes.
Bibby seals bank loan Bibby Line Group has secured a £53m ($85m) loan from Standard Chartered to bolster its offshore fleet.
Kinder back in business Kinder Morgan says its New York harbour terminals forced shut by Hurricane sandy are poised to re-open.
Golar Grand drops down Golar LNG Partners (GMLP) is set to acquire an LNG carrier from fellow John Fredriksen company Golar LNG for $265m.
Zafiro gets Davie nod Zafiro Marine looks to have won its bid to take over troubled Canadian shipbuilder Davie Yards, it emerged last night.
Motiva calls force majeure Motiva Enterprises has confirmed that force majeure has been declared at four of its terminals in and around New York.
DP World to build new berth at India's largest port
Devine named new president of OOCL (USA) Paul Devine replaces former president Erxin Yao, who is relocating back to Hong Kong to become OOCL's director of corporate planning, regions management and corporate administration.
Mixed 3Q for Panalpina as air freight slumps The Switzerland-based company's forwarding revenue in the third quarter rose 9.6 percent to $1.8 billion, but operating profits fell 84.3 percent to $7.5 million. Year-to-date, revenue is up 1.6 percent to $5.2 billion.
OOCL's chassis changes in Virginia, Midwest cities
Weekly global market roundup A weekly price round up of bunkering hubs from around the world.
Bunker prices in the Americas end week lower Demand was slow on the US Gulf, according to a local player.
EPA waives air standard regulations for New York region Foreign tankers that normally will be allowed to sail from the Gulf of Mexico to New York-area ports.
WFS hosts earnings call with management team 'Despite current market conditions, we continue to find opportunities in the marine market place, while maintaining a strong risk management discipline.'
ABS ramps up LNG research efforts Scope of agreement includes LNG fuelled ships, bunkering and subsea exploration and production.
Week ended soft in Fujairah Prices generally down with some stability returning to Suez bunker market.
Prices fall for fourth consecutive day in north west Europe Prices continue to soften across continent.
Ships refloated a month after being driven ashore Pollution fears lifted.
DFDS defends deployment of vessel described as 'disastrous purchase' 'It's very fast in a straight line and uses a lot of fuel,' says former operator.
Efficiency index marred by erroneous data, say owners 'For a shipowner to have his ship knocked off a potential charter on the basis of an inaccurate standard is extremely harsh.'
Crude oil prices fall in early trading Friday Saudi Arabia expected to cut December prices for heavy and medium grades.
Week ends with IFO prices largely down Supplies of marine fuel fine at key Asian ports on Friday.
US barge operator completes $116 million acquisition Total of 13 barges and seven tugboats acquired from Allied Transportation Company.
NYK Line narrows H1 losses Firm reduces net loss from 'freight negotiation and cost-cutting activities', says President.
'Next generation' VLCC to use Wartsila low-speed engine Order represents Wartsila's 1,000th order for its RT-flex common-rail 2-stroke engines.
Chinese supplier re-elects directors Continues its search for a replacement auditor.
Titan appoints financial adviser Altus will advise whether Guangdong Zhenrong's offers are 'fair and reasonable'.
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