Indian government intends to train truck drivers The Indian ministry of road transport and highways wants to train about 5,000 heavy vehicle drivers through a refresher course to minimise accidents. Seven such refresher training ...
MNG Airlines takes delivery of first A330-200F MNG Airlines, Turkey's dedicated freight operator, has taken delivery of its first of four A330-200Fs on order. The airline currently operates a fleet of seven A300 cargo aircraft,...
CKYH - the Green Alliance adapts winter timetable on Asia-North Europe run CKYH - the Green Alliance (Coscon, K Line, Yang Ming and Hanjin Shipping) is to implement a winter service adjustment to its Asia-North Europe services from the middle of October 2...
Gefco Spain names director of overseas Gefco Spain has appointed Juan Manuel de Cruz as its director of overseas. De Cruz, who has been responsible for the Gefco Group's central controlling since 2009, is now returning ...
Changes in the communications department of SBB AG Stefan Nünlist, head of SBB's communications and public affairs, is to leave the Swiss national railway by mid-September and become head of communications at the Swiss bank UBS. Hi...
Savage and BNSF to provide petroleum transport services in the Williston Basin The US company Savage has finished its terminal located near Trenton ND (USA). The facility has a direct connection to BNSF Railway's main line track. The terminal has been translo...
JSCo Russian Railways ups transport volume JSCo Russian Railways reported that its total group revenues for the year 2011 increased by 9% to RUB 1,481 billion (EUR 36.4 million). The relative increase in revenue was driven ...
TNT takes delivery of ten Volkswagen Crafters Volkswagen Commercial Vehicles has agreed a trial with the UK's leading business-to-business express operator, TNT Express, for ten of its Crafter single chassis cabs with a box va...
A rainy summer for European cargo airports The latest traffic figures for Europe's airports that have just been released by ACI Europe reveal a disappointing summer season in traffic terms. The overall freight traffic among...
Domodedovo airport an e-freight project partner Moscow Domodedovo airport has joined e-Freight, a pilot project for implementation of the international standards for electronic processing and tracking of air cargo, which was lau...
Swiss Post reports lower sales and earnings Switzerland's mail service provider Swiss Post reported a consolidated profit of CHF 459 million in H1/2012. This equates to a 17% decrease compared to the same period a year earli...
New contract for SDV in Australia The joint venture (JKC JV), formed by JGC Corporation (JGC), Kellog Brown & Root (KBR) and Chiyoda Corporation (Chiyoda), has awarded an integrated freight forwarding services ...
Norbert Dentressangle secures renewal with Maxxium UK Following a competitive tender, the premium alcoholic drinks distributor, Maxxium UK, has renewed its contract with Norbert Dentressangle until June 2014. Part of the global sales ...
Federal mediator steps into US docker wage deadlock Talks between ILA and USMX to resume during the week of September 17
Floating regas offers healthy options for LNG shipowners Norwegian players benefited in the second quarter from robust market demand
Medium range tankers still popular, despite what TC2 says MR tankers would benefit from new benchmark
LPG newbuilding orders already twice last year's total Researchers warn of tipping market balance
Can China's liners stop killing coastal rates? Zero and negative China-Japan freight rates give regulators a headache
Iran oil sanctions hit India's refiners hard Restricted port capacity reduces the country's import options
Idle boxships hit five-month high More feeder and panamax vessels at anchor as weak market takes its toll
Rumoured Shell MR tanker order triggers fears of market collapse Brokers and analysts say new vessels are not required
US Gulf supramax market begins to recover But FFA rates point to trouble ahead for small bulker trade
Venezuela refinery loses 2m-5m tonnes of production Production now back at 40% of maximum
Rudder maker hints at 20,000 teu boxship order Exclusive: rumours surface of breakthrough deal for biggest vessels yet built
SMM 2012: German engineer becomes shipowner to prove LNG hybrid concept Becker will build and operate ferries fitted with gas-powered lithium batteries
Questions raised over Japan car carrier raids Clash over competition rules behind swoops on Tokyo offices
Handysize fleet axes 500,000 dwt in August Scrapping will rise as more than a third of small bulkers are more than 20 years old
Cruise industry looks to passenger growth Global data pooled for first time after Costa Concordia casualty
SMM 2012: Beware eco-designs' fuel-saving claims Exclusive video interview with Lloyd's Register marine director Tom Boardley
Safety first Strong-arming class societies out of doing business with Iran will not seem like such a good idea if an NITC tanker creates a major spill
Fettered ports Only ships flagged in China or Taiwan can trade the strait between them
Korea Eximbank raises credit limits to help yards Policy bank makes good its commitment to instill liquidity into distressed players
Ocean Rig plans $750m bond to erase debt Proceeds from issue of notes could also fund drillships
Global trade growth stumbles Clarksons downgrades 2012 container growth forecast to 5.5%
CSA urges Beijing to regulate China's coastal box trades State conglomerate losses drive shipowners to demand fewer, bigger players
London Gateway expects a boost from bigger boxships DP World claims demand for ultra-large vessel berths would exceed UK capacity if not for its $1.5bn development
'Strong' business risk profile ensures Felixstowe box leadership, says S&P Rating agency praises HP UK's stable cashflow and resilient margins
Pirates flee as Nigerian navy boards hijacked Abu Dhabi Star Pioneer checks ship and cargo for damage after crew reported unharmed
Hellenic Carriers wins bank support to buy bulk carriers Despite first-half loss AIM-listed owner expects 'positive' long-term prospects
Ezion raises $100m in bond sale Singapore-listed offshore player faces rising expenses as it expands
Russian Register quits Iran IACS member becomes the latest player to join classification society exodus
US dock labour talks to resume DOCKERWORKERS serving US East and Gulf Coast ports and their employers agreed to resume labour negotiations with the assistance of federal mediators, the parties confirmed today
Ocean Rig plots bond offering of $750M NASDAQ-listed Ocean Rig, controlled by George Economou-led DryShips, today announced plans for a $750M bond offering
Robust rig orders predicted at Singapore yards SINGAPORE shipyards can look forward to robust rig orders for at least two more years, a sector analyst has predicted
Chinese bank allowed to seek funds abroad BEIJING has approved a scheme by Minsheng Financial Leasing to borrow 2Bn yuan ($320M) abroad to finance ship and aircraft leasing deals
Groundings drop in Baltic An environmental group has found that the number of groundings in the Baltic dropped in 2011 by 17% year on year - and were half the number seen in 2008
EC delays decision on Spanish builder taxes ORDER-starved Spanish shipbuilders have been told that they must wait another month for an EC decision on whether to approve Madrid's tax-lease plan
Hellenic crashes to losses HELLENIC Carriers, the Athens bulk shipping group listed in London, reported deep losses for its first half on weak markets and a non-cash item
Look closer at box volume fall BOX CARGOES to Europe from Asia fell sharply in July, but the company compiling that data warned not to read too much into the finding
Class 8 Truck Orders Rose in August Class 8 truck net orders shifted into higher gear in August, rising 27 percent from July, but remain below year-earlier...
Savannah Container Throughput Declined in July The volume of containers handled by the Port of Savannah dropped 4 percent in July year-over-year and was down 2.6...
Two Retailers Prepare for ILA Strike Possibility In a sign of the growing threat of a strike by the International Longshoremen's Association at ports on the East...
Virginia to Invoke Non-Member Chassis Fee The Port of Virginia will start charging $10 per day for use of a chassis in its HRCPII chassis pool...
India Eases Cabotage Laws at Port of Cochin The Indian government Thursday approved relaxing its cabotage law to allow foreign-owned and -operated ships to move containerized cargo to...
Antitrust Watchdog Raids Major Japanese Shipping Firms The Japan Fair Trade Commission raided the nation's top three shipping companies - NYK Line, MOL and "K" Line -...
Descartes' Second Quarter Profit Fell 3.8 Percent Descartes Systems Group's profit fell 3.8 percent year-over-year in its second fiscal quarter ended July 31, even as its revenue...
Analyst Calls ILA Strike Scenario a 'Black Swan Event' An East and Gulf coast port closedown on Oct. 1 would be a "Black Swan event" for shipping and trade,...
Profit Plunges at Russia's Novorossiysk Port Novorossiysk Commercial Sea Port's net profit plunged by more than a third in the first half of 2012 as Russia's...
Spot Market Trucking Index Up 7 Percent An uptick in freight demand and pricing in recent days pushed up a spot market trucking index and pierced some...
Asia-Europe Spot Rate Drops for Fifth Week Average Asia-Europe spot rates fell this week, the fifth consecutive week of decline, plunging 12 percent, or $350 per loaded...
Shippers Turning to Intermodal Rail to Cut Costs Increasing trucking costs and a looming capacity crunch in the motor carrier industry are leading to a relentless shift of...
ILA Negotiations to Resume The International Longshoremen's Association and East and Gulf Coast waterfront employers agreed to a request from the Federal Mediation and...
ABF Freight Expects Weaker Third Quarter A weak economy is slowing financial recovery at ABF Freight System, the nation's sixth-largest less-than-truckload motor carrier. The Fort...
Lessors Shift to Become No. 1 Buyers of Containers The leased container equipment fleet grew 10.6 percent in 2011, with most of the new supply ordered by equipment leasing...
Bear Right, or Left: The Great Highway Divide Talk of infrastructure spending on the U.S. presidential campaign trail tends to consist of platitudes of support akin to vows...
Politicians, Shippers Press Candidates on Infrastructure Most transportation analysts admit their field isn't sexy enough to gain wide exposure in the presidential race. But that's not...
ILA Negotiations: Where Are They Headed? (Podcast) The deadline for a contract agreement between the International Longshoremen's Association and the United States Maritime Alliance is less than...
UPS Delays TNT Acquisition United Parcel Service has delayed closing on its planned acquisition of Dutch rival TNT Express because European Union regulators have...
Nigerian Navy Retakes Pirated Tanker with Indian Crew The Indian Shipping Ministry said Nigerian naval forces rescued 23 Indian sailors from a Singapore-flag oil tanker that had been...
DP World not worried about Khalifa Senior management at DP World, which owns/operates the port of Jebel Ali, are not concerned about the injection of new capacity into the UAE container-handling ...
Asia-Europe peak season disappearing The latest information published by UK-based Container Trades Statistics (CTS) confirms that cargo flows from Asia to Europe failed to live up to peak season expectations ...
APL/Con-way extend LCL link to Jakarta Singapore-based APL Logistics and the US-based trucking company Con-way Freight have extended their less than container load OceanGuaranteed service to the Indonesian ...
CMA CGM to challenge truckers more seriously in Morocco CMA CGM's expanded reefer services between Morocco and continental Europe that were announced yesterday are aimed at improving its reefer business on the route ...
Dachser to open Nanjing office Kempten (Germany)-based Dachser Logistics is strengthening its operations in China and at the same time positioning itself to tap into the potential offered by ...
Edwards joins GCT Stephen Edwards is to join Vancouver (BC)-based Global Container Terminals Inc (GCT) as president and ceo. His appointment will become effective on September 10, ...
WTSA plans October 1, 2012, rate hike Falling demand and declining freight rates have led members of the Westbound Transpacific Stabilization Agreement (WTSA) to recommend a general rate restoration ...
Rena officers released from jail The master and the navigation officer of the 3,352TEU capacity ship Rena, which ran aground on the Astrolabe Reef near New Zealand's North Island port of Tauranga ...
Intermarine master held Venezuelan authorities have arrested the master of a heavy-lift vessel controlled by US-based Intermarine.
Dof newbuild wins double Dof has snared a pair of deals in Asia Pacific involving one of its newest vessels.
Nelly presses ahead Indonesian tug owner Pelayaran Nelly Dwi Putri will list this month in a bid to raise IDR 500bn ($52.3m).
Platou spies paper pain Pain in the paper market suggests more dry-cargo period contracts are set for the shredder, RS Platou Markets warns.
Hellenic hunts a pair Hellenic Carriers is looking to add two fuel-efficient ships to its fleet without the need to add to the dry-cargo orderbook, its CEO says.
ORIG to raise $750m Ocean Rig is on the verge of launching a huge fundraiser through a private bond placement.
Bohai lists in Shanghai Chinese ro-ro group Bohai Ferry has raised $175m in a Shanghai IPO as it seeks to expand overseas.
Car-carrier giants raided Raids at some of the largest car-carrier owners in the world are underway in Japan.
Solstad in SE Asian deal Solstad Offshore has bagged a charter contract for one of its anchor handlers in Indonesia.
ER crew found coke A series of drugs raids on capesize bulkers in the UK was prompted by the discovery of cocaine in the ballast tank of an ER Schiffahrt vessel.
Eimskip rises again Icelandic container line Eimskip has built first-half profit and revenue ahead of its domestic IPO.
Dry woe hurts Hellenic A lacklustre dry-cargo market dragged Hellenic Carriers to a loss in the first half of 2012.
Unused ferry for sale Alaskan borough cuts losses on $80m ship unable to dock in Anchorage.
Wan Hai rises Wan Hai Lines has kept a lid on costs to post a better first-half profit.
Russia drops IRISL The Russian Maritime Register of Shipping (RS) has bowed to US pressure to stop classing Iranian vessels.
Shell spurs tanker splurge Shell is believed to be behind a large charter-back deal for tankers to be constructed in South Korea.
Handy fleet contracts The handysize drybulk fleet has seen its largest contraction in almost three years, according to a top shipbroker.
George fixes and extends Ocean Rig has converted a letter of intent into a firm charter contract for one its new drilling rigs building in South Korea.
Ezion in fund raiser Ezion Holdings has raised SGD125m ($100m) in fresh funds from a Singapore dollar denominated perpetual bond.
French bank likes drillers Credit Agricole is the latest finance house to turn bullish on the offshore drilling industry with an upbeat assessment of the sector.
NEWSFLASH: U.S. mediator gets ILA, employers back to the bargaining table The International Longshoremen's Association and U.S. Maritime Alliance (USMX) have agreed to resume negotiations during the week of Sept. 17 at the request of a federal mediator.
Descartes' recent quarter finds record revenues
NYSA head still hopeful about ILA contract With a federal mediator now tapped, the New York Shipping Association's head is more hopeful that talks between the ILA and USMX may lead to a new master contract and not disruption to U.S. East and Gulf coast port operations.
Kirby to acquire Allied Transportation
Maersk truncates N Europe-W Africa loop The ocean carrier has converted its North Europe and Mediterranean-to-West Africa WAF6 service into an exclusive West Africa feeder based on Maersk's West-Mediterranean hubs in Tangiers, Morocco and Algeciras, Spain.
ANL sets surcharge if ILA strike occurs Australia's ANL Lines, part of the CMA CGM group, has notified customers of a pending surcharge of $1,000 for a standard 40-foot container, if a strike or other labor disruption takes place by dockworkers at U.S. East Coast and Gulf ports.
OceanGuaranteed expands to Jakarta The service, which is now offered at 14 origin ports in Asia, provides delivery in North America on a predetermined date. APL Logistics said its APLGuaranteed service for full containerloads will also be offered from Jakarta.
Drewry: Leased box fleet continues to expand
MSC raising bunker fees on transatlantic
UPS looks to finalize TNT deal in early 2013
SynchroNet picks new global sales director
Japan antitrust officials visit car carriers One industry analyst who asked not to be identified was surprised Japan antitrust authorities were investigating the car carrier companies, noting their long-time dominance of the business and close ties to the auto industry in Japan.
Bunker prices firm in Fujairah But Suez prices fall as shortages persist.
Prices up in Rotterdam and Hamburg But Mediterranean ports register a series of falls.
Cockett moves office in Dubai Same team but new premises for Dubai operation.
Study boosts prospects for LNG terminal Muuga site 'less costly than alternatives'.
BIC will build up Trinidad bunkering, says company 'There would be more work for Petrotrin, not less,' says BIC executive.
Singapore fuel oil stocks at four-week high 'Heavy arbitrage' volumes seen from the West.
Class: Don't trust efficiency claims 'A lot of claims for fuel savings are unsubstantiated,' says LR director.
Singapore 'November arrivals' could be hit by refinery fire 'If there is less Venezuelan fuel oil, it's definitely bullish,' says trader.
Bunker prices mostly stable Supplies mostly fine across key Asian ports.
APL to see bunker savings with optimised hull design Hull design will make its new ultra-large box vessels some 20% more fuel efficient per TEU compared with existing designs.
GL sees advances in LNG bunkering Firm involved in several projects to develop wide spread use of LNG as bunker fuel, says spokesman.
US barge operator in new $116 million acquisition Acquisition will give Kirby 'a strong footprint' in offshore petrochemical sector, says Chairman and CEO.
Tanker firm takes delivery of third fuel-efficient vessel STI Ruby one of a series of vessels equipped with fuel efficiency and emission reduction technologies.
Hong Kong supplier offers bonded LSFO LSFO products mostly offered to term clients, local sources say.
Wind-up petition hearing adjourned Adjournment of court hearing will result in the default of its notes and convertible notes.
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