Kenya Airways to convert its B737-300 passenger jets into freighters Kenya Airways is to convert four of its Boeing B737-300 passenger jets into freighters as it ramps up its cargo unit (KQ Cargo) to meet surging cargo transportation demand across A...
Hervé Montjotin is new CEO of Norbert Dentressangle The French logistics giant Norbert Dentressangle Group has appointed Hervé Montjotin as its new chief executive officer. François Bertreau, CEO since 1998, has resigned. Besides Mo...
First delivery of Renault Masters goes to Swiss Post Renault Trucks (Schweiz) AG and its partner, Nef Truckcenter AG in Frenkendorf, near Basel (Switzerland), have handed over the first lot of 19 Renault Master 125.35 L3H3 vehicles t...
Dubai records highest monthly increase of handled cargo since 2010 Dubai international airport (UAE) handled 193,261 t of cargo in September, an increase of 9.1% over the 177,128 t recorded in the same month in 2011. The surge marks the highest mo...
New headquarters for SBB Cargo The Swiss freight railway SBB Cargo is switching its headquarters from Basel to Olten in November 2014. The relocation of its head office enables the company to cut its property re...
TasRail renews freight fleet Australia's rail service provider TasRail has signed a contract with Chinese-owned CNR Australia Pty Ltd for the supply and delivery of 36 new ore wagons, 17 new coal wagons, 18 ne...
MAN reports dwindling HGV sales The German truck manufacturer MAN reported that the Q3/2012 operating result of its commercial vehicles division sank to EUR 307 million. The volume of ingoing order fell by 16 %. ...
Yusen Logistics reports decline in net income The Japanese service provider Yusen Logistics reported a 24.7% year-on-year decline in net income for the first half of its 2012 financial year (1 April 2012 - 30 September 2012). ...
Geodis Logistics opens new high-tech centre Geodis Logistics Deutschland GmbH, a member of the French Geodis group, officially inaugurated its new asset recovery centre (ARC) in Nieder-Olm, near Mainz (Germany), on 31 Octobe...
Konrad Kurz new chairman of Germany's automotive logistics association The members of the German automobile logistics association, a subdivision of the German Association of Forwarding and Logistics (DSLV), have elected Konrad Kurz as its new chairman...
Japan's big three less optimistic Japan's three big shipping corporations Mitsui O.S.K. Lines (MOL), Kawasaki Kisen Kaisha (K Line) and Nippon Yusen Kaisha (NYK) have become less optimistic about finance year 2012,...
Finnlines profits soar 247% GRIMALDI's Baltic subsidiary Finnlines said today profits for 2012's first three quarters rose by 247% year on year
Wärtsilä to lay off 790 in Vaasa FINNISH engine maker Wärtsilä said it plans a temporary layoff of 790 workers in Vaasa
SMM shares graded down SEMBCORP Marine's shares have been graded down by UOB Kay Hian, after the yard's profits slumped 48% in 3Q12
Diana returns to buying NASDAQ-listed Diana Containerships today announced the resumption of fleet growth through the acquisition of its tenth Panamax
Sandy points to tanker tightness A SPIKE in rates since Hurricane Sandy confirms that the supply-demand balance for product tankers is much tighter than had been thought, according to Scorpio Tankers president Robert Bugbee
Ezion 3Q profits up 24% SINGAPORE-listed Ezion Holdings posted 24% increase in 3Q12 profits as it gained higher revenues from its offshore chartering and logistic support segments
UK sheds light on Iran bunker rules THE UK has given the clearest hint yet that shipowners might be in the clear if their crews inadvertently use bunker derived from Iranian oil
CKYH axes seven Asia-Med sailings THE CKYH Alliance said today that it will axe seven Asia/Mediterranean sailings from this month through mid-January 2013
Brazil might raise iron ore exports in 4Q12 RISING prices of Brazilian iron ore suggest a tightening market, in which the country might exceed its ore export record, DNB Bank has predicted
Danaos sees 'cascade' pressure NYSE-listed box ship lessor Danaos has warned of pressure on mid-sized classes from larger-ship deliveries and an overall supply-demand imbalance due to a global slowdown
Chinese settlement rejected RSHI'S Jiangsu subsidiary has rejected a settlement of a 16.4M yuan ($2.6M) compensation suit, filed by a Chinese fund management company
Gold ship mystery might be solved RUSSIA'S gold ship mystery might be solved, as a man was arrested in the case
Court rejects Savannah deepening permit SOUTH CAROLINA environmental regulators violated state law by approving a water permit for the $652M Savannah River deepening project, the state's high court ruled
VLGC rates show signs of bottoming out VLGC rates appear to be bottoming out after crashing to a 2012 low last week
Steady week expected for VLCC rates BROKERS believe VLCC rates could hold steady this week, after owners of modern ships managed to push through with Worldscale 36 despite falling bunker prices
Container Lines Focus on Costs to Rebuild Profits Gene Seroka, president of the Americas at APL, sees container shipping capacity exceeding demand for the next couple of years in the east-west trade lanes. APL intends to make it through the difficult times by focusing on cost-cutting until demand catches up with supply. David Zimmermann, vice president of sales-North America...
Floating an Idea for Ports Ports everywhere are trying to squeeze more productivity from container terminals. Ships are getting bigger, waterfront land is scarce and expensive. Asaf Ashar says it points to a new phase in the industry's development. Ashar, research professor at the National Ports & Waterways Initiative, suggests attacking the problem with a network...
Savannah harbour expansion green-lighted The Georgia Ports Authority [GPA] has received final approval for its harbour deepening project at the USEC Port of Savannah. This will not only enable it to 'more ...
Change at the top at ND French transport group, Norbert Dentressangle, has announced the resignation of its chief executive Francois Bertreau and the appointment of Herve Montjotin as ...
CKYH blanks seven Asia - Med sailings The CKYH alliance [COSCON, K Line, Yang Ming and Hanjin Shipping] is to void seven voyages between Asia and the Mediterranean starting this month and running into ...
Eimskip IPO oversubscribed Reborn Icelandic shipping and transport group Eimskip saw its public share sale oversubscribed by more than five times on completion of the process last ...
Box line antitrust reminder from Brussels Container shipping lines have been reminded by a senior European Commission official that they remain under the regulatory spotlight, despite the time that has ...
Containers drive Hanjin improvement Better returns from its container sector helped South Korean Hanjin Shipping narrow its losses in the third quarter to KRW 47.3 billion (USD43.2 million) compared ...
Yangzijiang's 'evolution' A leading Chinese shipbuilder is picking up the pace of a campaign to combat the global decline in newbuilding orders by expanding its footprint in sectors that appear to be more promising.
Class action avalanche Another class action lawsuit has been filed against Overseas Shipholding Group (OSG) and two of its top executives.
DAC faces cold front Danaos may be forced to lay-up more containerships in the coming quarters if the charter market fails to improve, management told investors Tuesday.
Sandy spark for Scorpio Hurricane Sandy has led Scorpio Tankers to brighten its outlook for the product tanker market.
Containership carnivore Diana Containerships will likely continue to put cash to work in the sale-and-purchase market on the back of its latest acquisition, according to Wells Fargo Securities.
TDW tops forecasts Tidewater trumped Wall Street estimates Tuesday after reversing a loss in the fiscal second quarter.
Finnlines growing again Finnish ro-pax group Finnlines has pushed up profit in the first nine months as revenue rose.
Amurskaya owner held A Russian shipowner has been arrested after an overloaded cargoship sank in the Sea of Okhotsk with nine crew on board.
DCIX back in action Diana Containerships has dusted off its cheque book and returned to the sale and purchase market to take a ship from Neptune Orient Lines.
Ferry pretty Shipping markets may not look too pretty right now, but for one Danish vessel the world has turned a little brighter.
"Shipping critical" Germany's HSH Nordbank has admitted loan-loss provisions will be much higher than planned as shipping's crisis lurches on.
Better from Essar An Improved showing from its shipping and offshore divisions has helped Essar cut its second quarter loss.
Scorpio's vintage interest Scorpio Tankers has ruled itself out of the running for any floating Overseas Shipholding Group assets which may become available.
Three vie for Viana Two bids in the privatisation of struggling Portuguese shipyard Estaleiros Navais de Viana do Castelo (ENVC) have reportedly come in under EUR 10m ($12.8m).
Hanjin cutting back Korean container line Hanjin Shipping is scaling back its Asia to Mediterranean services as winter demand drops.
HSH tops Torm list HSH Nordbank has emerged as the largest shareholder in the reshaped Torm.
SeaCube in strong quarter SeaCube Container Leasing has seen a near 30% jump in third quarter profits and increased its payout to shareholders.
Mipo wins Japanese order Japan's JX Shipping has turned to South Korea's Hyundai Mipo for an LPG carrier newbuilding.
Sumitomo sunnier Japan's Sumitomo Heavy Industries is forecasting an operating loss for its shipbuilding division in the first six months.
UDSC racks up a loss State-run Ukrainian Danube Shipping Co (UDSC) has slipped to a loss in the third quarter as revenue dropped.
Five killed by leak Five Varun Shipping crew have died after inhaling gas on an LPG carrier off India.
More capes scrap bound Two more capesize bulkers have been sent for demolition in the last few days, according to Clarkson Research Services.
Ezion profits on the up Ezion Holdings has reported higher third quarter profits as the addition of new rigs helped drive up revenue.
Ezion seals rig double Ezion Holdings has secured a charter deal for two service rigs for deployment in central America worth $298m in total.
Keppel seals double win Keppel Offshore & Marine has seen two of its overseas yards scoop offshore related contracts worth SGD160m ($130m).
Seadrill hot for Husky John Fredriksen's Seadrill is said to be in the driving seat for a potential $1bn drilling contract off Canada.
Ex-Im Bank helps Sandy-ravaged exporters The bank has extended provisions to help exporters and financial institutions located in those portions of the Mid-Atlantic and Northeast that have been declared federal disaster areas due to the impact of Hurricane Sandy.
FMCSA speeds fuel to Northeast storm zone The DOT agency on Monday said it's leading an Interstate Petroleum Transport Team to ensure the quickest and most efficient movement of fuel to the region devastated by Hurricane Sandy.
CKYH to drop Asia-Med sailings in winter The CKYH Green Alliance said Tuesday it will cancel seven Asia-Mediterranean sailings during the winter to better align supply with slowing demand during the period. The dropped sailings will come between November and mid-January.
Expeditors reports smaller profit
Court says Savannah River permit violated law
Mobile terminal to handle rail-delivered crude Arc Terminals said it is working with Canadian National Railway to build a rail tank car unloading terminal in Mobile, Ala., to handle Western Canadian heavy and Bakken light crude oils destined to Gulf Coast refineries.
Bunker prices heading up in Fujairah But in South African ports, prices lost ground.
Prices showed gains in Rotterdam Bunker prices end week-long downward run.
US Navy opts for fuel efficiency Technology offers lower operating costs.
'Planning must start now' for tighter sulphur limits Bulker operator sees 'no reason not to use scrubbers for ECA compliance'.
Bunker suppliers 'need recognition' for their financial exposure Credit lines offered by suppliers are 'eye-wateringly' high.
CMF expands supply of high viscosity fuels Will offer RMK 500 in the Canary Islands 'in response to market demand'.
UK: Iranian origin bunkers not in breach of sanctions Question put to UK government reveals partial answer.
Five crew die from gas poisoning Tragic accident on LPG tanker raises questions about whether financial crisis is impacting safety procedures.
Efficient ships' pumps result in fuel savings Trial produced positive results.
Asian bunker prices firming Demand mixed at key Asian ports on Tuesday.
Engine manufacturer in a 'first' Wins contract to supply dual-fuel engines for two Greek LNG carriers.
South Korean builder wins Japanese contract Hyundai Mipo to build vessel which offers fuel savings of up to 30%.
Indian firm wins Fujairah terminal contract Set to commission the 600,000 cubic metres terminal by mid-2014.
Poll shows high ECA compliance expectations Despite no enforcement powers in Canadian waters, only 13% think most ships would not observe sulphur limits.
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