Brazilian National development bank approves rail infrastructure loan for Vale The Brazilian National development bank (BNDES) has agreed to provide BRL 3.9 billion (EUR 1.5 billion) to mining company Vale to increase rail capacity and other transport infrast...
In Time Express Logistik acquires Kühllogistiker LTE Transport In Time Express Logistik, a German CEP company based in Hanover, is further extending its network and service portfolio by acquiring the refrigerated logistics provider LTE Transpo...
Rating agency honours HGV maker MAN's sustainability The rating agency oekom research AG has awarded MAN SE with the rating "B" and the status "prime" for its sustainable value-adding activities in the vehicle and engineering sector....
G6 Alliance implements Asia-Europe winter service In preparation for the vessel maintenance schedule in the winter and in consideration of the forecasted lack of improvements in the market environment in the Asia-Europe trade, the...
Miebach appoints director for German consulting team Martin Eckert has become director of the consulting team of Germany-based Miebach Consulting this month (September). His main fields of activities will be pharmaceuticals and FMCG...
SkyTeam welcomed first South American member SkyTeam, a global airline alliance, recently welcomed Aerol'neas Argentinas as its 18th member. Aerolíneas Argentinas - the national airline of Argentina - South America's second l...
Improved annual cargo results for Air New Zealand In Air New Zealand's financial year 2012, cargo performed strongly as it generated revenue of NZD 298 million (EUR 190.3 million), an improvement of NZD 20 million (EUR 12.8 millio...
Second landing of a Cargolux B747-8F today at Basel airport Today (5 September) at 11.55 local time, a Boeing B747-8F operated by the Luxembourg-based airline Cargolux will land again in Basel (Switzerland). This new generation cargo aircra...
Lufthansa Systems reappoints CEO and selects new chairperson Lufthansa Systems AG has announced that its supervisory board has extended the appointment of chief executive officer Stefan Hansen by five years until 30 June 2018. The supervisor...
Polzug provides better links for Polish ports The transport service provider Polzug Intermodal, a subsidiary of Germany-based HHLA, has launched a train service to provide better connections from the Polish seaports of Gdansk ...
PSA Peugeot Citroën to retain production plant in Valenciennes-Hordain The French car manufacturer PSA Peugeot Citroën will continue to produce its new light, middle class (K1) commercial vehicles at the Valenciennes-Hordain factory in France. In May ...
La Poste scoops up French B2C specialist Orium The French state-owned mail service provider La Poste is expanding in the e-commerce sector by its 100% acquisition of the French business-to-consumer (B2C) specialist Orium. Olivi...
Kerry Logistics acquires Taishan Insurance Brokers Kerry Logistics has further expanded its business portfolio by entering into the insurance sector through the acquisition of Taishan Insurance Brokers Ltd (TIB), which offers a ful...
UKHO publishes security charts with online updates Charts will cover the Mediterranean and Middle East Gulf
Rickmers eyes acquisitions and newbuildings for its liner service Exclusive: Widdows forecasts consolidation in the project cargo and breakbulk trades
Tough talk in hard times Hong Kong's shipping industry ponders the pros and cons of the free market
Ocean Rig clinches three-year deal with Repsol Sinopec First of three major contracts unveiled as DryShips driller extends Samsung options
Asia to Europe trade plummets Unprecedented 13.2% reduction in July volumes
Banana battle pits reefer boxes against specialised operators Maersk wins business from Fyffes, loses Banex contract
Good Indian harvest forecast fails to lift handysize trade Rains return to subcontinent, but handysize rates remain unchanged
The big squeeze Cash deals will prevail as ship finance dries up
Third piracy attack in less than three weeks triggers concern How worried should shipowners be about West Africa?
Tramp boxship owners are offered 'peanuts' rates Non-vessel operating common carriers said to be planning their own liner services
Teekay LNG Partners lines up $200m follow-on issue Company pounces on fund raising opportunity at top price as markets return from summer holidays
Pirates hijack tanker off Lagos Manager loses contact with vessel after crew reported unhurt but locked in safe room
CSICL eyes buying ship design firm in Europe or Singapore China's state-owned yard flexes financial muscle to narrow the gap in shipbuilding know-how
Hammond likely to succeed Penning on shipping brief Industry begins assessment of outgoing minister
SMM 2012: Class must not back too many ship-efficiency indexes But societies can verify own designs, says Germanischer Lloyd
Shell charters first 100% LNG-fuelled barges Netherlands-built inland vessels to operate on Rhine
Louis seeks to curb cruise losses Cyprus-based operator to trim fleet after Greek woes weigh on its first-half results
Rena master and navigation officer released from jail Officers to be deported to the Philippines after serving half their sentence
STX O&S wins $440m deal to build floating oil storage and offloading unit Turnkey contract with North African company includes design, manufacturing, installation and commission works of a subsea pipeline
Omani iron ore trade booms as new steel mill is announced Latest figures show imports jumping from nil to 5.7m tonnes in two years
Seagull approved to run seafarer safety training in Norway and Liberia Programme that meets new regulation will launch next month
SMM 2012: Japanese marine engineering should look overseas Engine makers and other engineering firms need quality R&D to remain competitive
Good times could return to box trades by 2014, CSAV boss predicts Hasbún says ordering standstill will stabilise supply
In a spin The Department for Transport's revolving doors are symbolic of the government plumbing new depths in strategic policy-making
PSA awards $80m construction contract for Pasir Panjang Joint venture lands 17-month project
Keppel O&M managing director Yeo dies at 55 Singapore-based offshore giant appoints Chor as temporary replacement
Kirby continues expansion drive with $116m Allied deal S&P, share market back Jones Act barge major's latest conquest
Negligent training alleged YET another multi-million-dollar suit has been filed against Carnival Corporation, seeking compensation for passengers of the stricken Costa Concordia
US export liners to seek new rate rises BOX CARRIERS in the trans-Pacific market have decided to seek rate rises if $200 per feu
Bhatia targeted again HARMONY Innovation Shipping has filed a US suit against India's Bhatia Group, mirroring allegations by Norden last month
UK's Deep Rummage officers seize cocaine COCAINE worth £6.5M ($10.34M) has reportedly been found in the UK's Immingham port, smuggled in coal cargoes from Puerto Prodeco, Colombia
ISC, Wallem form alliance ISC HAS formed a ship management alliance with Hong Kong's Wallem to achieve economies of scale
Kirby expands coastwise business JONES Act major group Kirby continued expanding into the US coastwise sector with the asset purchase of Allied Marine Industries in a deal worth $116M
Japan to expand fuel reserves for emergencies TOKYO said today it has decided to expand its strategic fuel reserves to shield its economy from emergencies, IHS World Markets Energy reported today
VINALINES figure extradited back to Vietnam VIETNAM has succeeded in gaining the extradition of the former chairman of government-run VINALINES, the public security ministry said, according to IHS Global Insight
Drybulk congestion hits 2012 low CONGESTION in major drybulk terminals has hit a 2012 low, with queues falling sharply at Australian coal ports
CMA CGM adds Morocco reefer service CMA CGM has launched its third Morocco/Europe reefer service in hope of grabbing market share in the growing North African fruit and vegetable export sector
Keppel executive dies KEPPEL Shipyard's managing director Nelson Yeo has died on a London business trip
Return to shipping market balance predicted BALANCE, that essential factor in athletic performance, will return to shipping markets by the Rio de Janeiro Olympics, BIMCO predicted today
France seeks EU canal cash PARIS has urged the EU to assume a greater share of financing for the €4.6Bn ($5.76Bn) Seine Nord canal
Kolsky coal terminal needs planning time MORE TIME is needed for planning a Russian coal export terminal at Kolsky Bay on the Barents Sea, Fairplay has been told
Dual-fuel scheme planned CMA CGM said it is working with Daewoo Shipbuilding and Bureau Veritas to develop a 13,000teu ship that can run on LNG as well as fuel oil
Smith Electric Vehicles Readies New York Plant A glimpse of Manhattan's past and possibly its future was on display in New York's Times Square Wednesday - a...
Earthquake Prompts Pacific Tsunami Warning The Pacific Tsunami Warning Center issued a warning for Pacific coastlines from Mexico to Chile following a 7.6-magnitude earthquake that...
Freighter Fleet to Double in 20 Years, Boeing Predicts The world freighter fleet will nearly double during the next 20 years to keep pace with 5.2 percent annual growth...
FedEx Lowers Quarterly Earnings Forecast Fedex lowered its earnings outlook for the quarter ending Aug. 31, claiming weakness in the global economy is hampering FedEx...
West Coast Faces Capacity Squeeze If ILA Strikes, Maersk Says Capacity going through U.S. West Coast ports will be in short supply if the International Longshoremen's Association strikes or is locked...
CMA CGM Launches Morocco-Europe Service CMA CGM said its new service between Morocco and Europe will provide "tailor made" logistics solutions for the North African...
New Orleans Terminals Resume Full Operations All terminals and gatehouses at the Port of New Orleans were operating on normal schedules Tuesday, following disruptions caused by...
Wheeler and Swinson Resign From GPA Long-time port executives John Wheeler and Tom Swinson resigned from the Georgia Ports Authority on Tuesday, the GPA confirmed. ...
Apparel Groups Urge End to ILA-USMX Stalemate Organizations representing apparel importers have written to the International Longshoremen's Association and United States Maritime Alliance, urging them to resume...
CN Buys 2,200 Railcars, 1,300 Containers Canadian National Railway plans to buy more than 2,200 railcars and 1,300 new containers this year to support growing bulk...
UK Transport Secretary shifted Justine Greening has been replaced as the UK Government's Secretary of Transport by Patrick McLoughlin (pictured). A former farm labourer and miner, he was previously ...
Intra-Asia focus helps Wan Hai Taipei-headquartered Wan Hai Lines has posted sharply higher levels of operating income and net profits at the halfway stage of its 2012 fiscal year. This was despite ...
GCS to expand containerisation of Russian exports The holding company behind Russia-based Global Container Service Group (GCS) has agreed to invest approximately USD10 million in acquiring cargo-handling equipment ...
Dar es Salaam's TICTS takes delivery of new cranes The premier container-handling facility in the Tanzanian port of Dar es Salaam has taken delivery of new ship-to-shore and yard gantry cranes as it seeks to raise ...
Heinz commits ocean freight to CEVA HJ Heinz Company has agreed to let CEVA Logistics exclusively handle its ocean freight requirements from 20 major suppliers over the next five years. The deal is ...
CSAV still believes it is on the right track Despite losing a massive USD140 million and being the only major carrier to declare an operating loss in Q2 12 when arguably market circumstances were favourable, ...
Borley appointed general manager of POALs box terminals Raoul Borley has been confirmed as the new general manager for the container terminals at Ports of Auckland Ltd (POAL). He had been acting general manager ...
CMA CGM gears up for Moroccan reefer season CMA CGM has announced a series of service changes that will substantially boost its slot capacity in the Morocco-Europe trade and provide the necessary space for ...
NCL ship in $30m facelift NCL Corp has unveiled a $30m upgrade programme for its only US-flag cruisehip.
Abu Dhabi Star free A tanker hijacked off Nigeria is on its way to safety less than a day after it was captured.
Shell bags LNG barges Energy major Shell is backing the move to LNG fuelling signing up to the charter of two barge newbuildings powered entirely by LNG.
Kirby takeover a hit Kirby Corp's latest takeover swoop has won the support of some big shipping names on Wall Street.
Sabay eyes Syrian run Bulent Aymen's Turkish ro-ro company wants to profit from exports to Tartous.
Drydocks closes on loan HSBC and BNP Paribas have been linked to a new $1.5bn loan for restructuring Dubai shipyard Drydocks World.
Trickledown effect Now is the time for investors to pounce on smaller Singapore-listed companies in the offshore space, an analyst has said.
Teekay LNG chases $200m Teekay LNG Partners has set its sights on a $200m cash pile from a follow-on public offering.
Fugitive exec held Former Vinalines chief Duong Chi Dung has been arrested while on the run in Asia.
APL's efficiency drive Containership giant APL says it will save around $30m a year in fuel savings on a series of 10 ultra-large ships ordered in South Korea after refining the original hull design.
Pioneer ship pinched Pioneer Ship Management has revealed itself as the controller of a tanker hijacked off Nigeria.
Maersk tanker hit A Maersk tanker has been slightly damaged in a collision with a German cargoship in the Neuhofer Canal.
NCSP takes FX hit Russia's Novorossiysk Commercial Sea Port (NCSP) has seen its first half earnings curbed by exchange rate fluctuations.
Product price pain ahead Recovery in product tanker asset prices is at least one year away, DVB says.
Cape coke ring smashed The UK's border force has claimed it has smashed a drugs smuggling ring after raiding three capesize bulkers over the summer.
Moroccan move France's CMA CGM is launching a new service from Morocco to Europe.
Duo net offshore cash Fred Olsen holding companies Bonheur and Ganger Rolf have cashed in shares worth $40m in Fred Olsen Energy.
Pirates grab another Pirates have launched another attack on a tanker off West Africa, reports say.
KHI raided The offices of Japan's Kawasaki Heavy Industries (KHI) have been searched by prosecutors involved in a bid-rigging probe.
Hornbeck not done yet Hornbeck has been tipped to go on expanding its newbuilding programme after picking up four options yesterday.
Subsea wins home deal Oslo-listed Subsea 7 has scooped a $60m contract to install a gas pipeline off Norway.
Rena duo freed The two officers jailed over the grounding of the Rena off New Zealand were released on Wednesday.
STX to build FSO Korea's STX Offshore & Shipbuilding has won an FSO order worth KRW 500bn ($440m).
ISC brings in Wallem International Shipholding Corp (ISC) has been forced to bring in external ship managers to help operate its diversified fleet.
Commentary: Cloud delivered, but not stored As cloud services began popping up in the shipping business, one concern that arose is the need to store data on a series of third-party cloud systems even if a company simply wants to share files and access specific computers on the go.
More carriers file ILA strike surcharge notices The lines are preparing shippers for the reality of the cost impacts of a potential strike by U.S. East and Gulf coast longshoremen at the end of September by implementing a major surcharge on shipments to and from U.S. ports from Oct. 1.
WTSA to raise U.S. export cargo rates The liner organization said in a notice Tuesday that westbound revenues have declined considerably from levels seen earlier in the year, as demand in Asia has slowed and carriers have made concessions in their pricing.
CN details 2012 railcar, container purchases
Edwards heads GCT Global Container Terminals
EVA Cargo joins mobile ranks
New Orleans port back to normal
Old Dominion opens West Virginia center
Schneider Electric buys SolveIT
Corpus Christi engine-switch emits less pollution
CEVA lands unprecedented ocean contract with Heinz The deal is noteworthy because of the contract's length, compared to typical forwarding contracts of one to three years, or less, and the volume - 60,000 TEUs per year - placed under the exclusive control of a single logistics provider.
Petrotrin workers protest issuing of bunker licence Workers down tools after cabinet decides to grant licence to local operative to run major bunkering facility in T&T waters.
Fuel cell trials 'give hope' of cutting ship emissions Technology 'proves successful in 7,000 hours of sea trials,' says DNV.
Prices soften in Fujairah But South African prices move up on limited avails.
Mid-week prices fall sharply in Rotterdam Prices follow Rotterdam's lead with falls seen in most ports.
Lukoil takes larger stake in Italian refinery Oil major now controls 80% of ISAB plant.
UAE port opens for business 'Khalifa Port will boost economic and commercial sectors,' says government.
Bank in moves to recover losses on 'bunker island' project Leading creditors have approached Malaysian government for help.
WTI could fall to '$72 a barrel' as demand weakens Chinese demand single most important factor in pricing outlook.
Bulker released from arrest in Singapore But bunker payment dispute 'remains unresolved'.
Efficiency gains may 'significantly reduce CO2 emissions' But class societies should be clear on their involvement with efficiency indexes.
Shell charters LNG-powered barges Vessels are a 'first' for inland shipping.
Rotterdam-based firm opens centre for green ships Imtech Marine aims to help shipowners lower vessel's total cost of ownership.
Asian bunker hubs see prices rise Supplies of bunker fuels were fine at key Asian ports on Wednesday.
Insurance cover offered to tankers carrying Iranian oil Iran Insurance says it will extend coverage 'for every oil tanker loading in Iranian ports'.
Dan-Bunkering employs new bunker trader Mads Nielsen will be based at its head office in Denmark.
GL reveals hydrogen-fuelled concept vessel 'Zero-emission' vessel targeted at Northern European feeder services.
Taiwan shipping firm profits surge Costs decline 17.5% due to lower bunker consumption during the first half of 2012.
MAN Diesel introduces new dual fuel-gas marine engine Engine able to run on HFO, MDO, MGO and natural gas, says firm.
WFS completes CarterEnergy acquisition Acquisition increases its 'growing global land volume'.
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