CFCL Australia orders new locomotives US- based Wabtec Corporation reported that its subsidiary MotivePower has received an order to build ten locomotives for CFCLA Rail JV Pty Ltd, a joint venture of CFCL Australia Pt...
Chrysler Australia group to distribute Fiat, Alfa Romeo and Fiat Professional brands The Chrysler Australia group will act as the distributor for Fiat, Alfa Romeo and Fiat Professional brands in Australia. Under the new agreement, the current Fiat and Alfa Romeo de...
Paranagua/Brazil receives Liebherr STS container cranes Two Liebherr container cranes were recently delivered to the TCP Paranagua terminal in Brazil. The cranes have a lifting capacity of 65 t, or 75 t under the hook. The new units wer...
UPS express freight service expands into Nicaragua and Honduras The US parcel service provider UPS is expanding its UPS express freight service into Nicaragua and Honduras, two emerging economies that count the USA as their No. 1 trading p...
Cargo up for Finnair in April In April, the Scandinavian carrier Finnair reported flat cargo traffic, measured in terms of available tonne kilometres. Measured in terms of revenue tonne kilometres, the volume ...
Change of CEO at Envirotainer Niklas Prager, the CEO of ULD producer Envirotainer, has opted to leave his operational position at the company and return to a post on the board of directors. In connection w...
Riga International airport sets cargo loading record Riga international airport (Latvia) handled 7,519 t of cargo in April, an unprecedented amount to date in the history of the airport and 657% higher than in April last year. The fa...
Pacer International and CSX sign transport agreement Pacer International, a leading asset-light North American freight transportation and logistics services provider, has entered into a new multi-year agreement with the railway compa...
Hanjin deploys mega-containerships on NE6 East Asia-Europe Service The "Hanjin Sooho", the South Korean shipping company Hanjin's largest containership to date, berthed in the port of Hamburg on 4 May, during its maiden voyage. With a sl...
Meneghin & Partner reinforces team in Basel Meneghin & Partner (M&P), a Muttenz, near Basel (Switzerland)-based personnel and company advisor, has strengthened its team this month (May) by the addition of a new partn...
Siemens and DB Schenker Logistics agree on a frame agreement for warehousing Siemens and the German logistics service provider DB Schenker agreed on a frame agreement for warehousing to enable the business relationship of the two partners within contra...
Kerry Logistics expands cold chain distribution in Australia Kerry Logistics, based in Hong Kong, has set up a joint venture with Mosskito Logistics in Australia to tap into the cold chain distribution segment in the latter country. The join...
No more Iveco HGVs from Ulm The truck manufacturer Iveco is closing its production plant in Ulm (Germany) for economic reasons. The assembly work will be transferred to Madrid. The Fiat subsidiary Iveco noted...
Agility appoints Patrick Jaeger as managing director area west The global logistics provider Agility has appointed Patrick Jaeger as managing director of area west in Europe. In his new role, Jaeger will be responsible for defining growth stra...
Asia pumps money into US LNG Deal includes sales and marketing to appeal to region's customers
Atlantic basin refineries make a surprise comeback New refinery rescue deals offer hope for West African suezmaxes
English court stands firm in defending arbitration Ruling demonstrates determination to ensure arbitration awards are final and immediately enforceable
Tanker hijacked off Oman A GREEK tanker was today hijacked by pirates south of Oman, EU NAVFOR confirmed to Fairplay.551978.timg
Ex-Exxon Valdez barred INDIA'S Supreme Court has barred Oriental Nicety, once Exxon Valdez, from entering the country for recycling.648971.timg
Bharati yard and lenders cut a debt deal LENDERS of Bharati Shipyard, India's second-largest private builder, have agreed to recast 56Bn rupees ($1.1Bn) in debt.
CSAV Posts $175 Million Operating Loss Chilean carrier CSAV said its first quarter loss on continuing operations narrowed to $175 million from $213 million a year...
USPS Says $3.2 Billion Loss Shows Need for Reform The U.S. Postal Service pointed to its $3.2 billion loss in the fiscal second quarter, a $1.1 billion deeper gash...
Caterpillar to Sell Majority Stake in Logistics Company Caterpillar, a major exporter of heavy equipment, plans to sell off the majority interest in its third-party logistics company to...
Spot Rates Ease in Asia-Europe Container Trades Average spot rates in the Asia-Europe trades eased on May 10 after their 19 percent jump last week following carriers'...
Johnson Out as Saint Lawrence Seaway Development Corp. Head The Obama administration appears to have finally pushed Collister Johnson Jr., head of the Saint Lawrence Seaway Development Corp., out...
Two Accused of Port of NY-NJ Clean-Trucks Scam A truck dealer and scrapper were indicted on charges of filing false insurance documents for participation in the Port of...
Schneider, BNSF Extend Intermodal Partnership Schneider National and BNSF Railway have extended their intermodal partnership by signing a multiyear contract, giving customers of the latter...
XPO Logistics Plans Acquisitions Worth $250 Million XPO Logistics is willing to absorb a little pain for future gain. While the former Express-1 Expedited Solutions reported a...
LaHood Says PTC Exemptions to Save Railroads $775 Million Transportation Secretary Ray LaHood on Thursday said the rail industry will save up to $775 million over 20 years through...
Matson's First Quarter Profit Up 50 Percent Matson Navigation Co.'s first quarter profit from continuing operations rose to $8.1 million from $5.4 million a year earlier, boosted...
India's Trade Deficit Narrows A sharp deceleration in imports pulled India's trade deficit in April to its lowest level in a year despite 3.2...
MOL Executive to Shippers: Seek Out Long-Term Deals Shippers who want reliable services at consistent prices should sign long-term deals with shipping lines, an MOL executive says. ...
Shipowner Costamare Reports Income Growth Greek container ship owner Costamare boosted first quarter income 37 percent from a year ago to $24.5 million as charter...
Growing Fleet Rockets First Quarter Profit at Danaos Greek container shipowner Danaos reported first quarter net income surged 72 percent from a year ago to $9.34 million as...
Hapag-Lloyd Posts $172 Million First Quarter Loss German ocean carrier Hapag-Lloyd's first quarter net loss widened to 132.4 million euros ($172 million) from 22.1 million euros ($28.7...
BLG Logistics Earnings Climb 42 Percent on Record Revenue BLG Logistics pre-tax profit soared more than 42 percent in 2011 from the previous year to 48.5 million euros ($63...
ANA, JAL International Cargo Volumes Rise Japan's All Nippon Airways Co. (ANA) said that its international cargo volume grew for the second consecutive month in March...
Cathay Pacific to Cut Air Cargo Capacity Cathay Pacific Airways said it would cut operating costs to combat a "challenging" business environment as the carrier issued a...
Strong First Quarter Growth for ICTSI Global container terminal operator International Container Terminal Services, Inc., booked a 24 percent increase in net income during the first...
Higher volumes propels ICTSI's Q1 12 results Manila-headquartered International Container Terminal Services Inc (ICTSI) has announced sharply higher box throughput figures at its cargo-handling facilities ...
Horizon Lines sees mixed Q1 results Charlotte, NC- headquartered Horizon Lines recorded increased revenue and a smaller operating loss for quarter one this year on the back of slightly higher cargo ...
Global Container Terminals to develop technology advanced terminal at PNYNJ North American terminal operator Global Container Terminals Inc. has unveiled final plans for a multi-million dollar expansion project to develop a 70-acre technologically ...
Bright spots in a challenging year for Braemar The Alan Marsh-led London-listed shipbrokers and shipping services group, Braemar Shipping Services posted a decline in pre-tax profits for its financial year, ...
Hapag-Lloyd also still in the red in Q1 12 Hapag-Lloyd has joined the growing list of ocean carriers reporting negative figures for Q1 12. Although the carrier's revenue increased by 8% compared to the same ...
Istanbul to get new container terminal The Yildirim Group has confirmed that it is building a new deep-water container terminal in Gemlik (near Gemport), just outside of Istanbul, on the southern coast ...
Brisbane's boxes break one million TEU barrier The Australian port of Brisbane handled over one million TEU for the first time in its history in 2011. The actual 1,005,208TEU processed was up 8.3% on the 928,547TEU ...
Panama box-handling capacity to be expanded A new container terminal with the ability to handle two million TEU of cargo a year should open on Panama's Caribbean coast line by the end of 2014 and be fully ...
CEVA Logistics files for IPO CEVA Logistics has filed for an initial public offering of up to USD400 million in the US to help raise funds to pay off interest due on loans acquired to purchase ...
Time to compromise Two top Greek insurance buyers warn premium rises will be difficult as owners want value for money.
AFL masterminds concede defeat Tobias Koenig and Rudy Mack shed new light on collapse of failed US feeder service in a candid email to supporters.
Armed pirates hijack Dynacom tanker Journey from Port Said ends prematurely as gun-toting assailants seize Greek suezmax Smyrni.
Meldgaard welcomes 'bank owners' Torm boss is happy to have lenders as shareholders as giant restructuring remains on track.
Bell tolls at GMR Retooled General Maritime hands walking papers to longtime chartering manager as cost-cutting begins under Oaktree era.
Sanko sheds light on Baltimore burn Distressed Japanese operator confirms bulker arrest in US but insists majority of shipowners support temporary pay freeze.
Finnlines falling further behind Finnish ro-ro group bashed by higher costs in the first quarter and expects "volatile" year
Red ink runs deeper at Torm Restructuring costs and loss-making sales hurt Danish owner in Q1 as the question about its future lingers.
Machado to leave Transpetro? Speculation mounts that Brazilian tanker owner CEO's nine-year tenure could be about to draw to a close.
Culture change for AP Moller Maersk Ambitious risk retention programme is already yielding benefits for Danish shipping giant, insurance chief says.
Black cloud plagues Eagle Bulk Shares of US-quoted bulker owner suffer double-digit drop as unresolved debt drama overshadows earnings beat.
Plain sailing for clubs for now But Stephen Hawkes of PL Ferrari sees longer term pressures on the P&I market.
Caterpillar moves on 3PL sale Caterpillar signed a deal to sell Platinum Equity a 65-percent equity stake in Caterpillar Logistics Services LLC, the company's third-party logistics division of subsidiary Caterpillar Logistics. The overall transaction is valued at roughly $750 million.
Axway powers single window pilot
Global details Bayonne terminal expansion Global Container Terminals has announced plans for a multimillion-dollar expansion to its Global Terminal in Bayonne, N.J. that it said will make it one of the most technologically advanced container facilities in the country.
Cargotec shuffles VPs
U.S. Customs announces new import centers CBP will open two more industry-focused units aimed at centralizing the import process for trusted shippers, one for automotive and aerospace in Detroit and one for petroleum, natural gas and minerals in Houston.
Accellos updates Workspace
House panel passes port security bill
FMC reviews 11 OTI license applications
U.S.-EU ink cooperation pact for trusted traders
Horizon projects modest growth in 2012
Hapag-Lloyd sustains big hit in 1Q The liner carrier was one of a few lines to have been profitable in 2011, but succumbed quickly with an operating loss of $132.9 million in the first quarter of 2012 due to poor rate environments and rising bunker costs.
Oil major ships Japanese fuel oil to Singapore Shell charters tanker to ship 80,000 mt of fuel oil to Singapore in a move described as 'rare'.
Rubis Terminal revenues up 21% for ARA operations Partly due to new contract with O.W. Bunker for storing marine fuels.
North American ECA fuel changover technical notice issued Vessels to be fitted with exhaust cleaning systems not subject to changeover requirements.
Bunker prices mostly down in the Americas Demand picked up today on the US Gulf, players told Bunkerworld.
LSFO in Colombia will help meet 2012 ECA requirements Bunkers International to offer low sulphur fuel at ports of Cartagena, Barranquilla and Santa Marta.
Singapore cargo officers to receive enhanced bunker training Starting July 1, all new cargo officers will be required to be familiar with the requirements of the Singapore Standard on Bunkering.
Ship repair yards look to ease cost of meeting environmental regulations Looking ahead to new rebuilding requirements that come into force in 2015.
Ship leaking fuel in Antarctica Containment of the leak is expected to be delayed due to ice.
IFO prices still falling in Fujairah Middle East bunker hub sees prices weaken for sixth consecutive day.
'Slow day' in Rotterdam bunker market IFO 380 prices climb in North European hub.
New waste fuel recovery system geared toward environmental compliance Changed MARPOL regulations and ban on incinerating oily waste in ECAs were drivers behind development of 'PureDry' system.
Software technologies hold 'great potential' for shipping sector 'Software can help shipowners improve cost positions and competitiveness,' says GL.
Torm's losses widen Q1 results worse than analysts had forecast.
Fuel oil stocks climb Singapore inventories up by 642,000 barrels.
Soaring bunker prices 'burdening costs' in the industry Hapag-Lloyd reports 'very challenging' Q1 with wider losses.
Asian bunker markets remain soft Supplies of bunker fuels fine at key Asian ports on Thursday.
Owners 'harming themselves' with 'false hopes' for ECA delay Uncertainty about 2015 sulphur limit delaying scrubber investment, while others don't want to be 'guinea pigs', says Alfa Laval.
US firm to offer gas turbine hybrid electric marine engines Hybrid system able to save more than 8% of fuel, says GE Marine spokesman.
China fuel oil stocks continue to rise Volume rose 2.3% to 3.17 million mt in the week ending May 9.
'Tight' schedule for bunker deliveries in Japan Due to continued use of bunker tankers for LSFO deliveries to power plants, says sources.
Sembcorp Marine anticipates scrubber retrofit works IMO regulatory rules to generate 'substantial amount of work' for the shipyards, the group says.
MARAD offers $1.5 million for green marine projects MARAD 'recognises' limited Federal funding opportunities for maritime sector for emission reduction projects.
WFS fights MISC's allegation of off-spec bunkers Asserts that bunkers provided were not defective and did not contain any improper substances.
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