Liege airport exports its expertise to France The team of the Belgian airport of Liege has been awarded a consultancy contract to carry out a study to assess the freight potential of the future Grand-Ouest airport in France. T...
Nippon Cargo starts RTW service Only three days after launching the first direct freighter connection between Dallas TX (USA) and Japan (see ITJ Daily of 5 November 2012), Nippon Cargo Airlines is starting a roun...
China and ECWAS plan to build trans-West African Highway China and the Economic Community of West African States (ECWAS) have signed an agreement for economic cooperation. Part of the contract foresees the construction of a 2,000 km long...
Port of Rotterdam still growing The port of Rotterdam increased its cargo throughput 1.7% to 333 million t in the first nine months of 2012. Growth can be attributed completely to exports: incoming cargo was stab...
Switzerland implements EU TPED directive Switzerland is adopting and implementing the EU directive 2010/35/EU (TPED) for transportable pressure equipment with effect from 1 January 2013. The country will also introduce th...
Arc Terminals working with CN to build rail terminal in Alabama Canadian National Railway Company (CN) and Arc Terminals have commenced construction work on a rail tank car unloading terminal in Mobile AL (USA), to handle Western Canadian heavy...
Canadian Bison Transport truck fleet to fuel with LNG Bison Transport, one of the largest carriers in Canada, has signed an agreement with Shell Canada Products to run 15 Liquefied Natural Gas (LNG) tractors in Alberta. Bison's five-y...
Chadeau named commercial director of Ceva Logistics France Jérôme Chadeau has been appointed commercial director of Ceva Logistics France. He will report directly to Franck Chevret, who has been senior vice-president of Ceva in France sinc...
Associated British Ports announces new CEO Associated British Ports (ABP) has appointed James Cooper as the new CEO. He will replace Peter Jones who retires in March 2013 after six years at the helm. Cooper, who will be CEO...
DB Schenker: two new members of the management board start work Frankfurt-based Schenker Deutschland AG has appointed Thomas Böger to its management board, effective 12 November 2012. He will be in charge of the contract logistics/SCM departmen...
DSV Air & Sea strengthens its network in Latin America The Danish logistics and transport service provider DSV has signed an agreement to purchase the remaining 60% of the shares in DSV-GL Latin America SA from its joint venture partne...
Kühne Foundation and National University of Singapore set up humanitarian logistics education centre in Singapore The Kühne Foundation, a public-benefit organisation based in Switzerland, recently announced it has partnered The Logistics Institute - Asia Pacific (TLI - Asia Pacific) of the Nat...
Ceva Logistics expands airfreight facility in Malaysia SCM and logistics service provider Ceva Logistics has opening its expanded airfreight facility in the vicinity of Kuala Lumpur international airport (KLIA) in Malaysia. The larger ...
All change for the product tanker sector Opec report outlines a medium to long-term shift in trade patterns and cargo flows
Russia eyes $7bn LNG export plant in Vladivostok Gazprom and Japanese partner invest in Vladivostok plant
Gazprom must invest to offset its declining pipeline monopoly State-controlled firm faces threats to its position at home and in Brussels
Blowing the whistle on whistleblowers Owners turn on their own crew after an increase in US courts making 'bounty' awards
Arctic route overrated Volumes are too low and shipping supply is too tight to open the northern sea route to LNG carriers
CMA CGM introduces world's biggest boxship Arrival of 16,000 teu Marco Polo precedes likely strong third-quarter results
Teekay Offshore Partners banks on FPSO and FSO growth Conventional tanker slowdown offset by offshore growth, says Evensen
Teekay LNG Partners targets expansion Evensen commits $559m warchest to capitalise on expected market boom
Teekay Tankers positions itself for market recovery Company cuts its dividend but is looking ahead to better times, says Chan
Teekay losses less than projected Tanker and offshore conglomerate shrinks net loss to $20m on stable revenues
Ultra-large vessels push smaller tonnage on to intra-Asia trade Cascade effect could make deepsea operators more dominant in Asia
Ultra-large boxships challenge ports Rush to larger ships is 'a nuclear race', says senior HPH manager
Precious Shipping, ClassNK and Keppel win at Lloyd's List Asia Awards Lifetime achievement honour goes to the late Nelson Yeo
World's biggest boxship flies the Red Ensign CMA CGM will flag its first two 16,000 teu ships in UK
CMA CGM switches 11,000 teu ships to Pacific Cascade follows delivery of 16,000 teu boxship CMA CGM Marco Polo
Tsakos inks shuttle tanker order with Sungdong Suezmax could serve publicly listed TEN once employment is secured
Counting the drops As shipping seeks to curb emissions, the challenge is to measure fuel consumption
US Gulf product tanker rates end their spike Earnings dip following post-Sandy fizz
Griffin and GAC team up to offer crew travel services Joint venture will co-ordinate the 'final mile' for seafarers joining ships
Hurtigruten hit by ruling that Norwegian state cash was illegal Cruise and ferry operator posts $26.5m third-quarter profit despite impairment
Obama victory to retain new-look global energy map Energy shipping will continue to ride its wave from the US
Dead loss Chinese yards should retreat from price-cutting
Dockwise emerges from Fairstar merger with confident performance First post-merger results are operationally sound, says heavylift firm
Troubled shortsea player reports third-quarter market upturn Oslo-listed Wilson improves profit despite bunker price burden
Matson posts gains from higher China volumes US box operator reports flat Hawaii trade but a boom in liftings to Guam
Nissen Kaiun takes early redelivery of Sanko's sole VLCC Owner finds new charterer for the 2010-built, 309,887 dwt vessel
Euroseas aims to snap up attractively priced vessels Greece-based owner posts smaller than forecast loss for third quarter
"Cyclical trough" blamed for latest spate of red ink at Eagle Bulk Modern young fleet will prove itself when market improves, insists Sophocles Zoullas
Euroseas predicts rough going in 2013 ARISTIDES Pittas-led Euroseas swung to losses in the third quarter of 2012, but offset weakness in its box unit with locked-in drybulk employment
Ocean freight boosts DHL GLOBAL freight forwarder DHL today reported a jump in profits for 2012's first nine months on the back of strong ocean freight and project logistics sales
Asia Pacific holds oil transport key ASIA Pacific is likely to dominate crude oil movements through to 2035, with refinery expansion continuing in the region, according to OPEC
Cuts place $6Bn Oz port scheme in limbo WESTERN Australia's $6Bn Oakajee port and rail project is in jeopardy after Mitsubishi today froze its spending for the project
Mercator posts first losses since IPO MERCATOR Lines (Singapore) has run up its first quarterly loss since its listing in 2007
Forex gains key SCI return to profits SCI TOLD India's stock exchanges today it has turned last year's July-September losses into profits in the same quarter of 2012
Bargain Grimaldi ro-ros deployed in Med ITALY's Grimaldi today said it had begun a cabotage service along the Italian coast, using newly acquired tonnage
FESCO rise fuelled by reefer surge A SURGE in reefer growth has fuelled results at Russia's FESCO
Jason Marine swings to red SINGAPORE-listed marine communications provider Jason Marine today reported losses of S$1.9M ($1.6M) in its first half ended 30 September
Oceanteam weighs hedging NORWAY'S Oceanteam, the owner of offshore construction and pipelaying ships, said today its net profits crashed to $1M in 3Q12
D'Amico aims to raise nearly $124M ITALY'S D'Amico International Shipping said today it plans capital increases to raise up to €97.3M ($123.9M) to pay for acquiring product tankers to renew its fleet
Japan's steam coal imports hit new high JAPAN'S steam coal imports reached an all-time monthly high of 12.62M tonnes in September, which was 11% higher than in August and 29% higher than the 9.82M tonnes imported in September 2011, according to statistics from the country's finance ministry
More MOL weakness warned MOODY'S has warned that prospects for Mitsui OSK Lines are likely to remain "weak ... for an extended time"
Yard sells seven stray TMT Kamsarmaxes HYUNDAI Heavy Industries told Fairplay today that its subsidiary, Hyundai Samho HI, has sold seven Kamsarmaxes after its Taiwanese customer TMT defaulted on payment
Yangzijiang's earnings fall SINGAPORE-listed Chinese yard Yangzijiang Shipbuilding won no new orders in 3Q12
Maitland Joins Shaerf As NYMAR Co-Chairman New York Maritime today announced that Clay Maitland will join Chairman Peter Shaerf of AMA Capital Partners in leading the maritime member-based association, effective immediately. As co-chairman, Maitland will bring powerful international connections and a strong base in the New York market to NYMAR, Shaerf said. Maitland has worked in the shipping...
DB Schenker boosts Italy - UK rail link DB Schenker Rail UK, has added a fourth weekly service to its UK Midlands, Hams Hall to Domodossola, northern Italy freight link and plans a fifth in the New Year.The ...
Two-thirds of boxships losing money That is the conclusion published in the latest newsletter of Hamburg-based analysts Deutschen FondsResearch. Its survey of 130 ships in the 2,100 - 2,700 ...
Matson posts gains from higher China volumes
MSC shocks with December Asia-Europe USD600 GRI The Mediterranean Shipping Company has announced a general rate increase (GRI), effective December 15, of USD600 USD/EUR 500 per TEU. The GRI will be applied to ...
Obama honeymoon over before it started The high from the US presidential election was short-lived: within hours of re-elected Barack Obama's victory speech, stocks began sliding on the back-to-reality ...
Textainer give positive outlook The world's largest lessor of maritime and intermodal container equipment, Textainer, has posted improved Q3 net income of USD50.7 million versus the USD45.5 achieved ...
Eagle deeper into the red Eagle Bulk Shipping posted sharply higher losses in its seventh consecutive quarter in negative territory.
TOO in profit Teekay Offshore has returned to the black during the third quarter despite lower revenue.
CMA CGM adventure 'will pay off' CMA CGM is drawing comfort from the past as it welcomes the world's first 16,000-teu containership.
Matson sees uptick Matson has seen an uptick in third quarter earnings thanks to higher peak season rates.
Teekay Corp tops Street Teekay Corp has turned in a smaller than expected third quarter loss.
TNK wiping out the red Teekay Tanker's third quarter loss slashed as write-downs vanish from balance sheet.
Britoil in PSV bow Singapore's Britoil Offshore has entered the platform supply vessel sector with a double newbuilding order.
Rem returns to Kleven Age Remoy-led Rem Offshore has ordered a new offshore construction ship backed by a NOK 1bn ($174m) charter.
Platou finds price trough Currency and steel price pressures will limit further falls in newbuildings values, according to RS Platou Markets.
Sado steams ahead Japanese ferry owner Sado Steamship has seen its nine-month earnings soar by just over a quarter.
Sub-zero for Mercator Rising repair costs has sent Mercator Lines (Singapore) to a small second quarter loss.
Toei turns it around Japanese reefer line returns to profit in first six months - and should stay there.
Triple tap for Knightsbridge A third charter default of the year, a huge earnings miss and a lower dividend all weighed on Knightsbridge Tankers' shares yesterday.
SCI counts the cost Shipping Corp of India (SCI) has posted a bigger loss for the first six months as bunker and charter bills increased.
Wilson back to black Norwegian mini-bulker owner Wilson has turned in a profit in the third quarter as revenue rose.
German boxships suffering The extent of the market woes facing German owners has been illustrated by research showing only a third of 2,100-teu to 2,700-teu boxships are making a profit.
Dockwise earnings fall Dockwise has had its earnings sliced in half in its first full quarter following the takeover of rival Fairstar.
More Vinashin arrests Police in Vietnam have arrested five more Vinashin executives as its debt scandal drags on.
Moody's chops MOL again Strife in the shipping sector and the global economy has seen Moody's take a red pan to its rating of Mitsui OSK Lines for the second time this year.
Hurtigruten's court hurt Hurtigruten has seen its third quarter profit sliced by a court ruling that it illegally received state aid.
Uljanik thinks big Croatian shipyard Uljanik is plotting a big fundraising drive through a share sale.
All positive for Fesco Russian container line Fesco has posted rising volume figures for the first nine months.
Tsakos signs for suezmax Greece's Tsakos Group has sealed its order for a suezmax shuttle tanker in Korea.
Ezra in Korean double Singapore's Ezra Holdings has won a pair of contracts from South Korean shipbuilders worth $200m.
Clarksons takes a hit Clarksons shares took a battering on Wednesday as investors reacted to the downbeat message from chief executive Andi Case.
PACD plans fundraiser Pacific Drilling is looking to raise up to $500m from a bond issue to fund its latest drillship newbuilding.
Euroseas slips to a loss Euroseas has slipped into the red for the third quarter as its two major sectors enjoyed a mixed performance.
Election Reflection: Economy to continue suffering from political brinksmanship
MOL joins reefer rate hike brigade The liner carrier, which left TSA in 2009, plans to raise reefer rates on a global basis by $1,500 per container, in line with increases announced by Maersk in September. Maersk decided to raise reefer rates by roughly 30 percent.
European road freight rates trending down
CBP trade symposium rescheduled for late November The agency has rescheduled its annual Trade Symposium for Nov. 27-28 in Washington. The event was originally planned for Oct. 29-30, but was rescheduled when Hurricane Sandy forced the federal government to shut down.
Commentary: Trade advocates hope for post-election progress Freight transportation and trade are likely to take a back seat to broader economic policy issues in the coming months as Congress and President Obama try to work together after a bruising election campaign.
North Carolina ports authority promotes Miles Jeffrey E. Miles was named deputy executive director for operations. He will be responsible for operations at the ports of Wilmington and Morehead City and inland terminals in Charlotte and the Piedmont Triad.
Deutsche Post DHL's revenue gets lift
Matson's profit in 3Q more than doubles
Pakistani nationals indicted for illegal pharma imports
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