Emirates SkyCargo creates new French trade lane with Lyon launch Today (5 December) Dubai (UAE)-based Emirates SkyCargo has strengthened its operations in France with the launch of a five-weekly service to Lyon. The city is the third French gate...
Rickmers and Oaktree form partnership for investment in newbuildings Oaktree Capital Management LP and the major global carrier Rickmers Group are joining forces to invest in eight plus eight eco-designed new containerships. Oaktree Capital Manageme...
Townsville port access road in Australia opens to traffic After a four year construction phase, the new AUD 217 million (EUR 175 million) Townsville port access road in Queensland (Australia) has been opened to traffic and, from here on, ...
Rheinland Cargo Schweiz gets direct access to Switzerland's rail network Switzerland's Federal Office of Transport (FOT) has issued a rail network access permit to Rheinland Cargo Schweiz GmbH, a subsidiary of the German company Häfen und Güteverke...
DB Schenker Rail UK launches D2D service DB Schenker Rail UK now offers a new integrated transport service from the quayside direct to the warehouse. Called D2D, the company will handle the full movement of containers for...
First DAF LF distribution truck in Taiwan The first locally assembled DAF LF distribution truck came off the production line at Taiwan-based Formosa Automobile Sales Corporation (FASC). FASC, which is responsible for the m...
Stena Line Freight named Short Sea Shipping Company of the Year Stena Line Freight has been named Short Sea Shipping Company of the Year at the Irish Exporters Association's Export Industry Awards. These awards recognise the achievements of com...
Cargo aircraft crash in Congo An Ilyushin 76T cargo aircraft operating for a local airline called Aéro-Service, was destroyed on 30 November in an accident near the airport of Brazzaville, the capital of the Re...
IAG Cargo officially became subsidiary of International Airlines Group IAG Group which is formed by British Airways and Iberia, has launched IAG Cargo Ltd as a legal subsidiary. The new brand which represents a single, unified commercial entitiy for c...
New crane for Wiencont terminal 1 WienCont, the operator of a trimodal container terminal in Vienna, is currently in the process of increasing capacities there by installing a third high-performance crane. It is sc...
Streck Transport AG now compliant with BRC standard Streck Transport AG, headquartered in Möhlin near Basel (Switzerland), was recently certified as compliant with the British Retail Consortium (BRC) standard. The logistics service ...
Norbert Dentressangle completes acquisition of Nova Natie business unit The French transport and logistics service provider Norbert Dentressangle (ND) has completed the acquisition of the ambient and temperature-controlled warehousing and general cargo...
Martin Bencher Group opens new office in Gothenburg The Martin Bencher Group, a professional shipping and forwarding service provider headquartered in Sweden, opened a new office in Gothenburg (Sweden) on 3 December. The Gothenburg ...
Is Hamburg up the creek without a paddle? A setback over deepening the river Elbe has prompted concern for Germany's top port
Scorpio Tankers completes $131m follow-on issue Fresh cash could set stage for more fuel-efficient newbuildings
Skuld lures new head of Singapore office back from Swedish Club Singapore authorised new office opening at the start of this month
Long-term hopes ease pain of record low rates for VLGCs New cargoes' earnings and vessel utilisation set to rise
First LNG-powered boxship order is a catalyst for gas-fuelled shipping US-based Tote signs deal with General Dynamics Nassco
Teekay-Exmar joint venture positions itself for US LPG export boom Gas carrier partners seize opportunities for growth
Owners that restructure must be open and honest, say bankers It takes transparency and frankness to survive ship finance's big freeze, Beijing forum told
MISC sells 50% stake in FPS unit Proceeds from $306m deal help tanker giant to pare its debt
NOL and Hanjin launch Japan to Thailand route New intra-Asia service reflects still-robust regional growth
Analysis: Concerns remain after Los Angeles-Long Beach accord Wider waterfront mosaic offers little cheer
Cashing in on China New source of lending will not end western shipowners' woes
Idle boxship numbers stay steady at 6% of fleet Numbers could could rise in coming month as carriers rearrange vessel deployment
California fall-out The dispute at LA-Long Beach has come as a setback ending a decade of industrial harmony
LATEST UPDATE: LA dockers return to work Strike settlement follows eight-day stoppage
HSH Nordbank to close London office Move said to form part of bank's strategy
Seaspan outlines growth plan GERRY Wang-led box ship lessor Seaspan today announced another offering of preferred shares and provided an update on its newbuilding negotiations
Shell sees another doubling of LNG trade ROYAL Dutch Shell today predicted another doubling of LNG trading by 2025
First LNG transits Russia's Northern Route DYNAGAS LNG carrier Ob River was today discharging its cargo at Tobata's port in Japan, after making the first such fully loaded trial voyage eastwards through Russia's Northern Route on the Arctic Sea
Scorpio prices follow-on NYSE-listed Scorpio Tankers today priced a follow-on equity offering that will be used to repay revolving debt and fund growth
Toxic gas leak injures 18 A CHEMICAL leak from a ship in Northern Ireland today reportedly hospitalised 18 people
Global Carriers suffers losses times 10 MALAYSIA'S tanker operator Global Carriers said it has incurred losses in the third quarter ended on 30 September - 10 times those of 3Q11
PetroChina's products unit predicts surge PETROCHINA Dalian Shipping - the product tanker unit of China's largest oil conglomerate, PetroChina - said it expects cargoes to increase 21.7% year on year in 2013
Viking signs for more ships with Fincantieri RIVER specialist Viking Cruises has signed a deal for up to four more seagoing cruise ships from Italian builder Fincantieri
Owner fined for dumping at Great Barrier Reef A COURT in Australia court today fined the master and owner of the Hong Kong-flagged bulker Hope Star for illegal dumping garbage at the Great Barrier Reef, a world heritage site
LA and LB ports to reopen after accord STRIKING port workers are returning to work today at the ports of Los Angeles and Long Beach after a contract settlement was announced after both sides agreed to mediation last night
Exmar, Teekay form JV EXMAR, the Belgian LNG and LPG carrier owner, said today it has forged a gas joint venture with Canadian tanker owner Teekay
US coal export knock-on seen as aboration THE FALL in coal prices as a result of excess supply from the US likely to be an aboration, the IHS McCloskey Asia Pacific Coal Outlook conference heard today
VLCC speed rise to hit rates VLCC owners are stepping up sailing speeds as rates improve, amid a seasonal uptick in oil demand, but this is likely to prevent further increases in 2013, DNB Bank warned today
Koreans prefer big bulkers SOUTH Korea's power generation groups prefer coal imports to be shipped on Capesizes and post-Panamaxes, a conference was told today
BIMCO predicts Chinese iron ore imports jump BIMCO has forecast Chinese iron ore imports to grow at a rate of 7.5% in 2013, up from 6.4% in 2012
Air and Expedited Motor Carriers Association Partners with 7LFreight The Air and Expedited Motor Carriers Association (AEMCA) is pleased to announce a partnership agreement with 7LFreight, bringing the latest technology to the AEMCA membership. "We are all about delivering the ultimate member experience with an emphasis on creating more opportunities for the freight community by providing the best and most...
Eco-Shopping Guide Scores UPS Tops in Shipping For the fourth consecutive year, UPS (NYSE: UPS) has earned the No. 1 ranking in the consumer shipping category of the Climate Counts Company Scorecard. UPS tied for second overall in this year's global list of 145 companies and is the only transportation and logistics provider to appear in the...
BlueGrace Logistics Ranks in Top 10 for Logistics and Transportation Companies, Listed as One of Inc. Magazine's Inaugural Hire Power Honorees TAMPA, Fla. - Tampa, FL-based BlueGrace Logistics (www.mybluegrace.com) is featured in the inaugural ranking of Inc. Magazine's 2012 Hire Power Awards. Inc.'s Hire Power Award Program recognizes private businesses that have generated the most jobs in the past three years. Despite a challenging economy, BlueGrace Logistics generated 95 jobs from 2008...
FedEx Customers Get Near-Real-Time Tracking and Increased Visibility for Their Shipments With SenseAware HONG KONG - FedEx Express (FedEx), a subsidiary of FedEx Corp. (NYSE: FDX) today announced the launch of its SenseAwareSM service in two countries in Asia Pacific. FedEx customers in Australia and Singapore can now better control their supply chain and stay connected to their most critical and time-sensitive shipments...
Agreement Clears Way for Intermodal Railyard at Former Charleston Naval Base The South Carolina Budget and Control Board has approved an agreement among the South Carolina Department of Commerce, its Division of Public Railways and the City of North Charleston to permit the building of an intermodal railyard on the former Charleston Naval Base to enhance rail access to the Port...
Average US LTL Yield Increase Drops to 3.5 Percent The average annualized increase in less-than-truckload yield among public carriers tracked by The Journal of Commerce dropped to 3.5 percent in the third quarter, a sign that falling tonnage restrained LTL truck rates in the second half of 2012. The data confirm that LTL rates, while still rising, are doing so...
CP's Remodeling Is Just the Beginning Canadian Pacific Railway's announcement this week of plans to trim its network and cut a quarter of its work force over the next four years is just the beginning of the changes coming down the tracks for the railroad. By simplifying the network, CP President and CEO E. Hunter Harrison is...
Crowley Announces Senior Management Changes Crowley's new senior management. Transportation and logistics company Crowley Maritime Corp. today appointed Frank Larkin to senior vice president and general manager of logistics, Steve Collar to senior vice president and general manager of Latin America services, and John Hourihan to senior vice president and general manager of Puerto Rico and...
Arnold Transportation, LinkAmerica to Merge Regional truckload carrier LinkAmerica is merging with Arnold Transportation, a division of U.S. Xpress Enterprises, increasing Arnold's capacity and reach. When the merger is complete in January, the combined company, which will operate under the Arnold name, will have more than 1,400 tractors and 5,000 trailers. "With this merger, Arnold Transportation Services...
Terminal Operators, Carriers Begin Clearing Strike-Related Backlogs Terminal operators and shipping lines in Los Angeles-Long Beach have begun the task of digging out from the eight-day strike by office clerical workers, but the task may not be as daunting as it was after previous work stoppages - at least not this week. The consensus among port and terminal...
US House OKs Coast Guard Bill The U.S. House of Representatives today approved HR 2838, HR 2838, the Coast Guard and Maritime Transportation Act of 2012. The bill authorizes $8.6 billion for 2013 and $8.3 billion for 2014 for Coast Guard activities, including the improvement of ships, aircraft and communication systems. It also is intended to reduce regulatory...
Chemical Manufacturer Royce Expands in Southeast Chemicals manufacturer Royce Associates will spend $1 million to build a 48,000-square-foot chemical production and distribution facility in Gaffney, S.C. Royce, which has five manufacturing sites in the U.S., said it will serve customers in the textile, paper, construction and plastic markets from the 14-acre site. The location will help the 83-year-old...
JF Hillebrand Taps Menlo to Provide Singapore Services for William Grant & Sons JF Hillebrand Singapore, a logistics provider for the beverage industry, has selected Menlo Worldwide Logistics, a subsidiary of Con-way, to provide logistics and customs brokerage services in Singapore for whiskey distiller William Grant & Sons. Menlo will provide warehousing and inventory management services for products distributed by William Grant & Sons...
China's Demand for Iron Ore to Increase 7.5 Percent in 2013, BIMCO Says China's demand for iron ore and coal imports for its steel-making industry is expected to increase in 2013, according to Peter Sand, chief shipping analyst at shipping association BIMCO. Chinese iron ore demand is expected to grow at a rate of 7.5 percent in 2013, up from 6.4 percent in 2012,...
APL Logistics, VASCOR in Joint Venture to Serve India's Automotive Sector Supply chain management company APL Logistics and automotive third-party logistics provider VASCOR have formed a joint venture to serve the automotive sector in India. The Delhi-based joint venture, called APL Logistics VASCOR Automotive, combines the companies' supply chain expertise and auto sector experience. They have appointed Umesh Bhanot as chief operating...
Ship Finance Bank Bearish on Industry Recovery Germany's HSH Nordbank, the world's biggest ship finance bank, said it doesn't expect a recovery in shipping markets to get under way until the end of 2013, even as it announced a sharply lower net loss. The state-owned bank slashed group net losses in the first nine months of the year...
ILA-USMX Labor Negotiations Timeline Negotiations between the International Longshoremen's Association and waterfront employers representated by United States Maritime Alliance have been tense from the start last spring. When the two sides agreed to extend the current contract by 90 days, some sense of stability returned to East and Gulf Coast ports. But with major...
New Zealand Port Names Kneebone Infrastructure Manager Port of Tauranga in New Zealand has appointed Dan Kneebone property and infrastructure manager, effective January 2013. Kneebone will be responsible for the company's property portfolio and infrastructure assets, as well as plant and equipment. He succeeds Tony Reynish, who is retiring after 25 years in the industry. Reynish will be available part...
Ekol Logistics Hauled 1.2 Million Tons Year-to-Date Ekol Logistics' fleet moved 1.2 million tons in 2012. Ekol Logistics' vehicle and trucking fleet has moved 1.2 million tons of load through its domestic and international projects in the year to date, the Turkey-based company reported today. The company aims to maintain its road freight transportation performance throughout the rest of...
New Japan-Thailand services Hanjin Shipping is introducing new services between Japan and Thailand starting on 23 December. The new JTE (Japan-Thailand Express) service will be jointly operated ...
New VBS books in at Southampton Hauliers are set to benefit from a new vehicle booking system (VBS) to be officially launched in the new year by DP World Southampton. A trial of VBS Premium with ...
Port of Seattle Commission approves new agenda US port's 25-year expansion programme is a 'blueprint for economic growth and environmental leadership'. The Port of Seattle Commission has approved an aggressive ...
US port strike ends Agreement has been reached to end the eight-day strike that crippled the largest port complex in the US, the Mayor of Los Angeles announced this morning. Mayor ...
Carriers eye January Asia-Europe rate hike amid capacity cuts With a majority of ocean liners poised to implement a GRI of up to US$600 per TEU from the middle of the month on Asia-Europe tradelanes, market analysts are forecasting ...
NAT tanker detained The US Coast Guard (USCG) has accused the crew of a Nordic American Tankers suezmax of illegally discharging oily waste into the sea.
SSW targets four Seaspan is hoping to use cash from an upcoming fundraiser to acquire four containerships.
Scorpio plots eco strike Scorpio Tankers' latest share issue has laid the groundwork for another batch of eco newbuildings, its president says.
AIG behind sale An aframax tanker that used to trade with US operator Groton Pacific Carriers has been sold for scrap in a transaction worth over $8m.
Orders threaten VLGCs VLGCs may have escaped the worst of the shipping downturn but rates could be shaved next year when a bunch of newbuildings hit the water.
Crewman hurt in fall A Russian seafarer has been hospitalised after slipping on a wet deck in Germany.
Brokers in drag Ben Goggin and Will Sissons were unofficially awarded the prize of ICAP Shipping's best dressed men as brokers donned fancy dress and mixed with celebrities to raise millions for charity.
HSH cuts loss Germany's HSH Nordbank has reduced the red ink in the first nine months, but shipping loan-loss provisions continue to bite.
Scorpio scores more cash Scorpio Tankers has bagged over $130m from its latest trip to Wall Street as it looks to continue its expansion drive.
Heavy exposure Germany's 10 biggest banks have a massive EUR 98bn ($128bn) tied up in shipping loans, according to Moody's Investors Service.
DeepOcean extends pair DeepOcean has had a contract with Norway's Statoil extended for a third time.
Seaspan on cash hunt Seaspan is turning to shareholders to help fund its next newbuilding crusade.
IBA in at SembCorp The Islamic Bank of Asia took on almost SGD 2m ($1.64m) worth of shares in SembCorp Marine just days before a rig accident hit one of its yards.
Backed by a billion China's Export-Import Bank (Exim) is offering up CNY 7bn ($1.125bn) of new loans to boost the domestic shipbuilding industry.
Cargoship refloated Divers were due to inspect a Finnish cargoship after it grounded off Gothenburg, Sweden, on Tuesday.
Siem snaps up CSV deal Siem Offshore has snared a long-term contract for the first of its four subsea construction newbuildings.
"Catastrophic failure" A UK cargoship sank in 16 minutes after suffering a catastrophic hull failure, accident investigators have revealed.
Van Oord wins Jakarta job Van Oord has bagged a contract for work on Indonesia's largest container port.
ICAP's New Year hope Shipyard closures and an increase in demolition should be the two items on every VLCC owner's Christmas list, ICAP says.
Crewman critical A Filipino seafarer was said to be in a critical condition after an accident on a German LPG carrier off the US.
Speed killing balance VLCC owners should enjoy the winter warming of the spot market while it lasts, DNB says.
Statoil sticks with Eidesvik Eidesvik Offshore has won a contract extension with Statoil for its original LNG fuelled offshore support vessel.
Five more years Condor Ferries wins licence extension for UK-Channel Islands service.
Fornaes takes two Danish shipbreaker Fornaes has snapped up two veteran cargoships for scrapping.
Gas players team up Exmar and Teekay LNG Partners are to form a new joint venture company specializing in mid-size LPG carriers.
Turkish rescuers killed Four men have died during a desperate attempt to find the missing crew from the sunken Volgo-Balt 199 off Turkey.
Ob River reaches Japan A Dynagas-owned gas carrier has completed an historic voyage from Europe to Asia via the Arctic Ocean.
Green light for Indo IPO Marco Polo plans to list its affiliate Bina Buana Raya (BBR) in Jakarta have been approved by the Indonesian financial regulator.
APL teams with Hanjin APL and Hanjin Shipping are teaming up to launch a new joint Japan - Thailand liner service starting next month.
Commentary: Anybody home in the White House? Many American shippers are disturbed that the administration, if not President Obama himself, failed to issue even a statement about the importance of ending the now-concluded strike in the Southern California ports.
U.S. sets deadline for COOL livestock revisions
TOTE, Inc. orders LNG-powered ships for Puerto Rico trade The parent company of Sea Star Line and Totem Ocean Trailer Express said Tuesday that it will build two new 3,100-TEU containerships for the Puerto Rico trade that will be powered by liquefied natural gas.
Single European Sky hits snag
Kalitta's 747-200 fleet runs counter to industry strategy The planes are suitable for the short, high-cycle intra-Middle East flights that Kalitta does for the military, contractors and the U.S. government, Bryan Perraud of Kalitta's global sales agent Wallace Air Cargo Group explained.
DHL expands in U.S., Germany The global integrated carrier has opened a $21 million, 140,000-square-foot expansion to its hub at Miami International Airport, and recently launched its first mechanized delivery site in Bonn, Germany.
Transplace buys Canadian truck broker
CMA CGM hiking rates on Asia-Latin America routes
R+L Carriers adds expedited services
APL, Hanjin partner on new intra-Asia loop
Total Service Logistics triples facility space
Transatlantic trade policy bodies merge
LA/Long Beach strike ends; Longshoremen return to work today The Los Angeles/Long Beach Harbor Employers Association, which represents 14 employers covering 10 terminals in the two ports, said at 11 p.m. Pacific Standard Time that they had reached an agreement on a new contract to replace one that had expired on June 30, 2010 ,with the International Longshore and Warehouse Union Local 63 Office Clerical Unit (OCU).
Texas development generates $1 billion in taxes
Chinese nuclear firm pleads guilty to U.S. export violations
U.S. backs petrochemical equipment exports to India
Owner raises capital for possible 'eco' orders Interest in eco ships is putting pressure on prices.
Little price movement in Fujairah Prices lacked direction in Suez.
Mid-week prices soften in Europe Good activity in Gibraltar bunker market.
Questions asked after container ship bunker leak Oil spill clean-up specialist says vessel should not have been sent out to sea.
BDN may play key role in global CO2 calculations Information paper submitted to IMO discusses benefits and drawbacks of monitoring approaches.
US port strike ends Bill for port dispute put at $8 billion.
Legislators move to block ECA 'emissions averaging' proposal 'Averaging would erode the emissions reductions that communities and businesses in California are counting on,' say elected officials.
Arbitrage volumes put bunker market under pressure Western fuel oil shipments to East Asia are expected to be 10% up month-on-month.
Bunker prices lack direction mid-week Demand mixed across key Asian ports.
US firm to build world's first LNG-fuelled box ships TOTE set to take delivery of the first LNG-powered box ship in 2015.
Box carriers to 'slip to red' in Q4 Margins being eroded after earnings peaked in Q3.
Ships urged to minimise risk from fuel changeovers 'Significant' number of ships found to switch to low sulphur fuel at times which could increase risk of engine or generator failures.
Lawsuits against Chinese supplier dismissed As CEO withdraws offer for company takeover.
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