Newcastle airport changes minority partner The Danish entity Copenhagen Airports A/S recently agreed to sell its 49% interest in the share capital of the NIAL Group Ltd (NIAL), the parent company of Newcastle international ...
Palau Airways partners AAT in Hong Kong Asia Airfreight Terminal Co Ltd (AAT) was appointed by Palau Airways (P7) as its handling agent for cargo and documentation at Hong Kong International Airport with effect from 28 O...
New Iata member Safi Airways hopes to fly back to Europe soon Safi Airways, the privately owned international scheduled airline of Afghanistan, has officially been accredited with full Iata membership. The airline also successfully completed ...
Woolworths renews transport contract with Linfox in Australia The giant retailer Woolworths has signed a five-year contract to continue Linfox store distribution from the former's Wyong distribution centre in New South Wales (Australia). Linf...
Asciano lands new train services contract for coal transport Asciano's Pacific national coal haulage business has entered into a train services contract with Australia's coal miner BMA. The pact provides the support functions of maintenance ...
OOCL: management changes in Hong Kong and USA The Hong Kong-based shipping company Orient Overseas Container Line (OOCL) is making changes to its management, effective 1 January 2013. Bosco Louie will retire from his current r...
Bucharest international railfreight terminal receives first intra-EU train Tibbett Logistics, the operator of southeastern Romania's prime intermodal rail terminal, the Bucharest international railfreight terminal (BIRFT), has received the first scheduled...
Debut for FedEx Freight's new LNG tractors FedEx Freight, a leading US provider of less-than-truckload (LTL) freight services, has begun testing two new tractors powered by liquefied natural gas (LNG)-only engines. The pre-...
BBC Chartering focuses on Western Australia The Germany-based company BBC Chartering, a leading provider of multipurpose and heavylift shipping services, strengthened its presence in the Australian market by establishing a ...
DPD building new national hub in Poland The global parcel and express service provider DPD has built a new, EUR 32 million parcel sorting centre in Stryków, near Lodz (Poland). As a central handling site, the facility ac...
DSV investing heavily in a logistics facility in Krefeld The logistics service provider DSV, together with real estate developer Habacker, has unveiled plans to construct a EUR 60 million logistics facility in Krefeld-Fichtenhain (German...
Norway Post acquires Swedish logistics company Ekdahls Åkeri The Scandinavian postal operator Norway Post has acquired the Swedish logistics company Ekdahls Åkeri. Norway Post said that Ekdahls 'keri provides mainly road transport and termin...
New vice-president carrier sales for South Carolina Ports The South Carolina Ports Authority (SCPA/USA) hired John Wheeler to fill the position of vice-president, carrier sales, effective 29 October. Wheeler, who reports to Paul McClintoc...
Down by the jetty Canvey Island has never lost its feelgood factor - and it is all thanks to oil and gas
Box chartering deals remain sluggish during Eisbein festivities Market faces weak demand, seasonal capacity cuts and continued deliveries of new tonnage
Rostock port operator secures $64m loan HSH Nordbank says deal shows its commitment to north German region
Box carriers face difficult fourth quarter Mixed outlook from CTS data suggests carriers' troubles will continue for some time
Paragon delays delivery of four newbuildings Boudouroglou 'optimistic' that the company will emerge stronger from its losses
Seaspan and Yangzijiang play hardball over options China Development Bank on stand-by as boxship newbuilding talks continue
Impairments on VLCCs drive Knightsbridge to third-quarter loss Firm talks up 'attractive risk-reward' of dry bulk amid rumoured tanker exit
Box Ships inks deal for idled pair in profitable third quarter New OOCL acquisitions boost revenues and average time charter earnings
Cut-price orders are poison, says Yangzijiang chairman Exclusive interview: '2011 was grey, 2012 is black and 2013 will be bloody', warns Ren
Bunker costs fall to fresh lows Cheaper fuel helps VLCC owners to pull in higher earnings
Thome sets pace for a market change Singapore ship manager sees vetting procedures spread to dry bulk world
German maritime accidents body to hand over MSC Flaminia Light at the end of the tunnel for box unloading
Seaspan boss hails Obama win Policy continuity will be good for shipping, says Wang
Sempra poised to win permit to export Louisiana LNG Momentum builds for US gas projects that will boost demand for shipping
State hand-out shields China Shipping from hefty operating losses Government subsidies and income tax rebates boost net earnings by nearly 50%
Better turnover boosts Bourbon French offshore major's share price rises on third-quarter revenue statement
Cure or kill Restructuring consultancy fees are a bitter pill for troubled firms to swallow
Yangzijiang vows to be China's most profitable yard as profit slips Shipbuilder restructures sites to target specific market niches
Trading up Obama victory should see the US strip the rancour from trade policy
Hyundai Samho resold seven Nobu Su bulk carriers, say brokers TMT's kamsarmax vessels reported to have fetched $24m-$25m each
Restructuring costs drag down Torm to $78m loss But support from banks will help troubled tanker firm to weather poor markets
Three P&I clubs announce general rate increases London Club announces the largest rate rise to date
Keystone, LNG decisions loom for Obama PRESIDENT OBAMA'S victory leaves him facing two outstanding decisions at the outset of his second term that have major implications for shipping
Clarkson's shares dive on profits warning CLARKSON'S, the London-listed maritime services group, today issued a profits warning
Paragon delays timetable on newbuildings NYSE-listed Paragon today disclosed quarterly losses and an agreement with Zhejiang Ouhua to push back delivery dates on four newbuildings
TORM founders in yet more red ink TORM today reported deeper year on year losses for both 2012's first nine months and third quarter
Bourbon rides high OFFSHORE operator Bourbon said today its third-quarter revenues jumped 21% year on year to €306.1M ($393.27M), reflecting its strong growth and rising vessel hire rates in the offshore oil and gas services market
Pressure rises in Asia on box Panamaxes DAILY hire rates for chartered Panamax box ships are sliding down this week, with more owners fixing below $9,000 per day, brokers said today
Chinese methanol imports expected to fall by 20.6% CHINA is expected to import less methanol than it did last year, as the economic slowdown affected chemical demand
LNG fleet growth to exceed demand in 2014 THE high number of speculative LNG carrier orders placed last year would result in fleet growth exceeding demand in 2014, said RS Platou
Capesize rates slide CAPESIZE rates are sliding in both basins after rallying over the last three weeks, with brokers reporting that owners are accepting sliding rates as they believe the market is losing momentum
Yangzijiang 3Q profits down 14% YANGZIJIANG Shipbuilding said today that its 3Q12 earnings dropped 14% year on year to 877.2M yuan ($140.47M), with no order wins in the period
Yangzijiang moves into property development YANGZIJIANG Shipbuilding said today it would move into property development, with the registration of a subsidiary in Jiangsu province, China
BV's newbuilding orders fall by 38% FRENCH classification society Bureau Veritas said its fresh newbuilding orders fell another 38% year on year in the first nine months of 2012
NY & NJ finally reopens CONTAINER terminals are running again today at Port of New York & New Jersey, a week after Hurricane Sandy
SCFI - Shanghai Containerized Freight Index Shanghai export average spot rates for the following trade lanes are among the 15 component trade lanes in the weekly SCFI-Containerized Freight Index,produced by the Shanghai Shipping Exchange and weigh 57.5 percent of the SCFI comprehensive reading. SCFI - SHANGHAI CONTAINER FREIGHT INDEX*Nov. 2: SCFI comprehensive reading of 1,251.20, up...
Drewry Container Rate Benchmark The Hong Kong-Los Angeles benchmark is based on Drewry Shipping Consultants' research and derived from NVOCCs. The rate is in dollars and based on a full 40-foot containerload, excluding terminal-handling charges in Hong Kong. The Nov. 5 average spot market rate from Hong Kong to Los Angeles dipped 2.7 percent or...
Chinese and US politics: so different but both are lands of opportunity The once-a-decade baton change of leadership in China's ruling Communist Party is in sharp contrast to the Hollywood-style over-hyped razzmatazz of the US presidential ...
RZD seals deal to buy Gefco French auto maker PSA Peugeot-Citroen has completed the sale of 75% of its logistics subsidiary, Gefco, to JSC Russian Railways (RZD) for GBP800 million (USD1 billion). ...
4,000 up for CI LinkedIn
China drives BMW ahead Germany's luxury car maker BMW - which includes the iconic Rolls Royce and Mini brands - is enjoying a record year in China, taking full advantage of the 'islands ...
Slot charter expiry heralds end for HPOS transpac link Chinese state-owned ocean carrier, Hainan PO Shipping [HPOS], established in 2009 to aid the economic development of the country's Yangpu region, will exit its ...
APM T handles biggest ship at Port of Mobile
New attack in Chinese solar panel wars Ahead of the once-in-a-decade change of leaders in China the nation is fighting back in the solar panel wars with the European Union filing a counter complaint ...
Motiva readies restart Crude and product carriers are poised to benefit from the reactivation of Motiva's Port Arthur expansion project in the first quarter of next year, according to a researcher at a top US tanker brokerage.
Concordia falls Concordia Maritime has experienced a fall in earnings due to its four vessels operating in the open market.
Golar grabs upgrade Clarkson Capital Markets upgraded shares of John Fredriksen's Golar LNG Partners Wednesday in anticipation of continued expansion through dropdown deals with it parent.
Transit cleans the air Kristian Eidesvik's Transit Invest has laid out details of its entry in to the offshore business via a merger with Reach Subsea.
PRGN painted red Shares of Greek bulker and boxship owner Paragon Shipping took a beating in early trading Wednesday after posting a third-quarter loss.
Boxships charters sisters Boxships has found short term work for a pair of vessels that have been lying idle for much of the past quarter.
Namura lowers its sights Japan's Namura Shipbuilding has cut its first-half earnings forecast as revenue dips.
Paragon postpones Paragon Shipping has postponed delivery of two bulkers and a pair of containerships under construction at Zhejiang Ouhua Shipbuilding in China.
Knightsbridge plots VL sales John Fredriksen's Knightsbridge Tankers is looking to sell its two remaining VLCCs to free up cash for bulker buys.
Return of the liner? A new UK company is looking to resurrect the golden age of liner travel to Australia by building two new cruiseships.
DBS trims Sembmarine DBS Vickers has trimmed its target price on Sembcorp Marine after the rigbuilder saw its third quarter earnings sliced in half.
DNB backs Diana DNB Markets has taken a shine to shares in Diana Shipping.
Sickly Celebrity Three hundred and fifty passengers on a Celebrity Cruises vessel have been struck down by the norovirus bug.
Gurita steps it up Gurita Lines of Indonesia is expanding its fleet with the purchase of a supramax bulker from Slovenia.
Mermaid adds Qatar deal Mermaid Maritime has added a fresh subsea services contract in Qatar to its backlog.
SSC's double target Singapore Shipping Corp is on the lookout for both ships and takeovers after an improved second quarter performance.
Kyoei back in profit Japan's Kyoei Tanker has returned to the black in the first six months despite a revenue fall.
Floatel evacuated Norway's Statoil has evacuated a floating accommodation vessel after it tilted up to four degrees in the North Sea on Wednesday.
Solvtrans boosted in Q3 Norwegian wellboat owner Solvtrans has reported soaring earnings thanks mainly to a fall in financial items.
Maharshi: "human error" The deaths of five crew due to a gas leak on a Varun Shipping LPG vessel have been blamed on human error.
Arne to try bonds Arne Wilhelmsen's Awilco could turn to bond market for $50m, Arctic says.
Deeper red for Torm Torm slumped deeper into the red in the third quarter following a costly financial overhaul.
Textainer sees profits rise Textainer has seen third quarter profits increase by over 10% on the back of an increase in its owned container fleet.
Pelni converting Indonesian shipowner Pelni is continuing its ship conversion programme as it seeks to diversify in the face of airline competition.
Costs still hurting U-Ming Taiwan's U-Ming Marine Transport is still being hampered by rising operating expenses in 2012.
Clarksons cuts outlook Clarksons has scaled back its expectations for the second half of the year, it said in an interim statement issued on Wednesday.
Two takers for waiver Two companies are taking advantage of the Jones Act waiver in the US to bring oil to the storm-hit north-east.
Bourbon raises the bar Bourbon, the Paris-listed offshore specialist, has posted improved revenue figures for the third quarter of 2012.
YJZ lines up buyers Yangzijiang Shipbuilding says it is close to finding a buyer for five kamsarmax newbuildings that were cancelled earlier this year.
GulfMark in big miss GulfMark Offshore, the US offshore vessel operator, has reported third quarter profits well below analyst's expectations.
Kyeema back in action Teekay Corp has completed repairs to an aframax that was damaged after running aground off Estonia in September.
Wartsila seals Kuwait deal Wartsila has won a contract to supply the engines and complete propulsion systems for two newbuild vessel projects.
Weak freight market dents Singapore Airlines' profit Growing losses at the airline's cargo division in the first half of the fiscal year contributed to lower operating profits and a 30 percent decline in net profit for the parent company.
MSC to hike Asia-Europe rates
No staffing problems at NY/NJ terminals after storm Beverly Fedorko, a spokesperson for the New York Shipping Association, said longshoremen were eager to return to work and "anxious to get the port back and running and get that feeling of contributing to the well-being of the region."
ECS expands in Italy ECS Group, a general sales and services agent based in Paris, has acquired three companies in Italy founded by Glauco Martinelli, including Air Transport Consultants Spa (ATC), Airfreight and Data Processing Srl (ADP), and Airline Logistics Srl (AirLog).
PayCargo links with ASCI of Miami PayCargo will provide ASCI clients with payment processing services integrated directly into ASCI's accounting module to offer payment processing capabilities not currently available within ASCI's suite.
Africa logistics sector ripe for investment Ti Business Development Director Mike Nordmann, a veteran of the African logistics market, said investors and logistics companies will have to adopt a more positive approach if they wish to exploit the region's opportunities.
IFO prices climb sharply in Fujairah Upward movement spreads to South African ports.
Strong gains seen in Rotterdam Bunker prices move up across European ports.
European ECA operator sees 247% profit increase Remaining part of 2012 'will still be volatile and challenging'.
Thames 'bunkers only' liftings gain on ECA advantage UK bunker locations see shift in demand pattern for low sulphur product.
Sulphur non-compliance: 'Fines are not the real cost' 'The most significant cost is likely to be the vessel's detention,' says IBIA chairman.
Term premiums fall in Singapore Weak demand has pushed down premiums, say industry sources.
Human error cited in LPG carrier deaths Full investigation into incident underway.
Bunker prices surge mid-week Buyers sidelined as prices rise for the second consecutive day.
Oil major calls for fuel availability review to be brought forward Earlier review will provide 'clarity' to industry participants.
Million dollar emission monitoring orders for Martek Orders come as Korean yards build more fuel efficient and less polluting ships.
Bankruptcies 'need to occur' Shipping industry will 'go through consolidation and restructuring but it is here to stay and will thrive'.
Americas market displays volatility on US election day New York prices remained flat as suppliers noted difficulties in transporting product from the devastation caused by Hurricane Sandy.
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