FAA upgrades Israel's aviation safety rating to category 1 The US Department of Transportation's Federal Aviation Administration (FAA) announced that Israel complies with international safety standards set by the International Civil Aviati...
Boeing delivers Royal Australian Air Force's sixth C-17 The US aerospace giant Boeing recently delivered the sixth Royal Australian Air Force (RAAF) C-17 Globemaster III at the company's final assembly facility in Long Beach CA (USA). T...
East Midlands airport provides freight hub with new scanner UK-mailing equipment supplier Totalpost has installed a state-of-the-art X-ray threat detection system to improve freight screening at East Midlands airport (UK), where a bomb was...
Loxx operating new daily general cargo service to northeast and eastern Spain The German road haulier Loxx has launched a new daily 48-hour general cargo service from Gelsenkirchen (Germany) to Catalonia, Navarra, Valencia and parts of Aragon (all Span). Tha...
Rising number of cargo thefts in USA FreightWatch, a leading logistics security service provider, registered a total of 225 cargo theft incidents in the USA in Q3/2012. The average value of the stolen goods rose to US...
Van Mieghem at the helm of Gosselin Forwarding Services The Gosselin Group is expanding its logistics division and has chosen Gunter van Mieghem to lead Gosselin Forwarding Services. Van Mieghem has been with companies such as Transmarc...
Adif and Renfe in Spain sign collaboration agreement with West Japan Railway The Spanish national railway infrastructure company (Adif), the Spanish state-owned company Renfe and West Japan Railway Company (JR-West) have signed a cooperation agreement to ex...
DB Schenker Rail UK strengthens Italy - UK railfreight services DB Schenker Rail UK has strengthened its railfreight operations between the UK and Italy with the introduction of an additional weekly service operating between Hams Hall in the Mi...
TNT Express opens road haulage hub in Hanover TNT Express has started operations at its new road transit hub at Hanover-Langenhagen airport (Germany). The 450 m long facility, which is located on an over 62,000 sqm plot of lan...
Grimaldi launches link between Ravenna, Brindisi and Catania Grimaldi Group, an Italian shipping company, is reinforcing its presence in the Adriatic Sea by the launch of an innovative maritime connection dedicated to ro-ro transport (cars, ...
BDP Germany now ISO certified for environmental management BDP International GmbH, a subsidiary of the US-based global logistics firm BDP International, has been certified as compliant with the ISO 14001 international standard for environm...
Chapman Freeborn reinforces OBC team in Cologne Chapman Freeborn, a global air charter service provider, has augmented the onboard courier service (OBC) team of product manager Carsten Volk by the addition of Oliver Giesen, who...
DB Schenker Logistics marks 50th year of business in South Africa Germany's giant service provider DB Schenker is looking back on fifty years of successful growth in South Africa. The journey began in Johannesburg on 11 October 1962. Today, the c...
New managing director for Neptun in Wilhelmshaven The Wilhelmshaven (Germany)-based Neptun Schiffahrts Agentur, a ship broker and line agent, appointed Alexander Napp as its new managing director in October. He succeeded John H. N...
A guide to getting to grips with the Maritime Labour Convention Step one: understand the certification process
Small-scale LNG supply chain makes big advances Anthony Veder says Europe's ports will develop bunkering infrastructure on time
Bremerhaven to blaze a trail for LNG bunkers in Germany Bunkering unit to become operative by 2014
UK to fund fuel efficiency research Money supports small businesses in a country with no large-scale commercial shipbuilding
HSH Nordbank seeks to convert Omega case to Chapter 7 liquidation Senior lender 'sheds its fear' and seeks to foreclose on troubled firm's eight tankers
Port of Salalah builds for the future Cost-savings and breakwater construction aim to engage local people
Shipowners urge compromise at Kolkata Dispute over alleged crimes and favouritism could close bulk berths until March
Let's be totally Frank Sovcomflot boss discusses the tanker market and his company's future direction
Cost of Papua New Guinea LNG project hits $19bn Capex rise highlights the cost of Pacific export projects
China Cosco appoints parent company official as director Ye becomes executive vice-president of Cosco Group
Chinese crude imports rise in October Increase supports Middle East VLCCs
ISO meeting leaves unanswered questions on armed guards insurance Draft standard to be delivered to IMO Maritime Safety Committee later this month
Setting the standard Shipping awaits this month's unveiling of ISO 28007 to regulate armed guards
Samskip takes over Coolboxx Shortsea player and partners reposition lessor as a rental company
Nam Cheong predicts order uptick from brisk offshore demand Nine-month net profit rises by nearly a third but revenue recognition dents latest quarter
Maersk Tankers faces uncertain future Company will focus on cutting costs as it holds out for market recovery
Heavy hitter China is now a major maritime power; now it must prove itself in open competition
Diwali is a godsend for saturated Indian scrap market Return of Bangladesh should relieve pressure on beleaguered rival
Damco relocation set for February Profit slips as $5m provision is made for move from Copenhagen to The Hague
Ningbo outpaces Shanghai in October throughput growth Port sees double-digit growth in box and general cargo throughput
German investors raise the Romania flag EU membership sees German ships joining register still qualify for tonnage tax regime
Höegh LNG sells UK Port Meridian project Deal retains Norwegian company to supply FSRU by 2016
Jefferies becomes part of Leucadia National Absorption into "baby Berkshire Hathaway" will leave brand name as well as maritime practice untouched
ISC plans to sell shares NYSE-listed ISC said today it plans to sell up to $40M in shares to help pay for last month's acquisition of United Ocean Services
Seadrill wins $1.18Bn contract SEADRILL said today it has won a five-year contract to employ a harsh-environment semisubmersible newbuilding rig from a Canadian company
IEA predicts sweeping global energy shuffle GLOBAL energy flows are to change drastically by 2035, with North America emerging as net exporter of oil and gas aboard tankers, the IEA predicted today
Höegh LNG sells planned LNG import unit NORWAY'S gas carrier group Höegh LNG said today it has agreed to sell its wholly owned subsidiary Port Meridian Energy
China's shipbuilding stall seen lingering CSSC'S BOSS has warned at the Communist Party conference that China's shipbuilding stall is likely to continue for at least three more years
Warning on SCF issued SOVCOMFLOT'S recapitalisation plans have been called "ambiguous" in a negative outlook warning from a Western ratings agency
Buoyant Vopak targets '1Bn DUTCH tank storage operator Vopak said today its 3Q operating profits increased 19% year on year to €144M ($183M)
China drybulk growth slows CHINA'S drybulker fleet in domestic coastal service grew by 1.6% to 48.2M dwt in 3Q12, down from 4.2% and 6% in the second and first quarters, respectively, the transport ministry said today
JES posts 76% fall in profits JIANGSU Eastern Shipyard said today its third quarter profits fell by 76% to 11.7M ringgit ($3.8M), as it struggled with lower margins and higher operating costs
Kreuz raises profits by 77% SINGAPORE-listed Kreuz Holdings said today its profits for its third quarter rose 77% to $10.4M, amid higher revenues
Nam Cheong profits fall 33% MALAYSIA'S OSV builder Nam Cheong posted 33% drop in net profits during the third quarter as revenues fell 44%
China Shipping launches container 'silk road' State-owned China Shipping Group has opened a strategic container liner service link between the people's government of Hainan and ASEAN free trade zone countries, ...
Set in stone the new APM T Lazaro Cardenas Terminal The foundation stone was formally laid last Friday at the new APM Terminals Port of Lazaro Cardenas, Mexico box terminal.The Groundbreaking ceremony was conducted ...
Japan heading for recession A contraction of the Japanese economy in the period July to September looks certain to continue into the final quarter and thus tip Japan back into a technical ...
Damco relocation set for February The logistics arm of AP Moller-Maersk saw its net profit decline to USD15 million in the third quarter of the year from USD25 million in the same period of 2011, ...
Obama win removes FMC uncertainty Barack Obama's election victory has given the Federal Maritime Commission the green light to continue policies set in train during the administration's first term ...
Container service reliability declines: set to fall further Container service reliability across all trades fell marginally in the third quarter of this year, according to Drewry's quarterly report Carrier Performance Insight. ...
Concordia salvage tracker A new website has been launched that allows users to track the mammoth salvage operation of the Costa Concordia.
WW to join the fun Wilh Wilhelmsen is expected to open its wallet for newbuildings in the coming months to take advantage of an expected rate recovery.
Eagle predicts failures Two in three Chinese shipyards have been starved of orders for the last two years and half of the country's private builders could shut their gates within 18 months, according to Eagle Bulk chief Sophocles Zoullas.
Brodosplit fraud trial opens Eight people have gone on trial in Croatia accused of diverting money from a tanker order at the Brodosplit shipyard in Croatia.
K Line keeps NOCC ship Norwegian Car Carriers has secured an extra six months work for one of its vessels with K Line.
Penguin slips in Q3 Singapore-listed offshore shipbuilder Penguin International has been battered by a lack of vessel sales in the third quarter.
Pandora officer arrested The former first mate of the Eitzen tanker involved in a fatal fishing boat collision off France in 2006 has been held in Cyprus.
Brostrom boys go alone Two former Brostrom men have clubbed together to form a new tanker brokerage.
Cauvery refloated The Pratibha Shipping tanker whose grounding caused the death of six crews has been pulled free of a Chennai beach.
Hoegh LNG sells port stake Hoegh LNG has offloaded its stake in a planned LNG import terminal in the North West of England.
ISC ponders sale International Shipholding Corp could sell fresh shares to help it see through the takeover of United Ocean Services.
Panama Canal sets record The Panama Canal has enjoyed its best-ever year in terms of vessel tonnage.
Titan gets more time Titan Petrochemicals has won more time in a battle with a shareholder trying to force the liquidation of the company.
NFC orders in Australia Oman's National Ferries Company (NFC) has signed another newbuilding deal in Australia.
Jes on a roll Jes International Holdings continues to make a splash in the offshore vessel market.
Festive rate cheer Capesize and VLCC rates have been tipped to enjoy a strong run in the final few weeks of 2012.
Grimaldi helps out Italy's Grimaldi group is helping out its daughter company Finnlines by chartering in a surplus ro-ro.
Mipo's profit plunge Hyundai Mipo Dockyard has seen its bottom line slashed by almost a half during the third quarter.
Great Offshore slides India's Great Offshore has posted a weaker first-half profit as revenue fell and costs rose.
SEC spat ended China Rongsheng Heavy Industries says an insider dealing case involving its chairman Zhang Zhi Rong has been settled.
Sebjornsen exits Gulf Nav Atle Sebjornsen has departed as CEO of Gulf Navigation after less than two-years in the post.
Cargoship flooded Divers have had to patch up a veteran vessel after it suffered water ingress off Norway.
Seadrill seals Husky gig Seadrill has won a five-year charter for one of its newbuilding semi-submersible drilling rigs worth just under $1.2bn.
Crew overpowers robbers Reports have emerged of a ship's crew overpowering robbers during a raid off Indonesia.
Last chance for Kamco State bail-out fund Korea Asset Management Corp (Kamco) is lining up a quick sale of some of its 19.1% holding in Daewoo Shipbuilding & Marine Engineering.
SBM offloads GustoMC SBM Offshore is to sell offshore design company GustoMC to a private equity company Parcom Capital for $185m.
Vopak profits up 19% Dutch terminals group Vopak has reported a 19% increase in third quarter group operating profits to EUR144m ($183m).
Nam Cheong bags four Malaysian shipbuilder Nam Cheong has increased its order backlog with new orders for four anchor handlers worth $45m.
Synergy scraps youth Seanergy Maritime Holdings has become the latest shipowner to send a seventeen year-old capesize bulker for scrap.
Report: COSCO selling stake in logistics firm The Website for the China Daily newspaper is reporting that COSCO and China Cargo Airlines are planning to sell a combined 30.7 percent stake in Shanghai Eastern Logistics Co., but only to domestic Chinese air carriers.
FedEx expands early LTL delivery to Canada FedEx Freight, the less-than-truckload subsidiary of FedEx Corp., has expanded its 10:30 a.m. delivery option to include Canada. This service is now available for FedEx Freight Priority and FedEx Freight Economy shipments.
Xpress expands in Mexico
International Shipholding selling stock to raise $40 million International Shipholding Corp. said it intends, subject to market conditions, to raise up to $40 million through a stock sale. The company said it would use the proceeds from the offering for general corporate purposes.
Cape Town offers Virgin strong cargo season As well as exports of general cargo, fish and fresh fruits to the U.K. market, shippers in South Africa benefit from Virgin Atlantic's connections in London to other export destinations in the United States.
LNG-fuelled ships 'a proven alternative' Wartsila says it has sold over 2,000 gas-fuelled engines.
SABIC scores first with LNG-powered tanker order Ships will trade in the North Sea.
Fujairah opens week with firm prices Mixed picture in place in South African ports.
Bunker prices head upward in Rotterdam But lack direction in Gibraltar where congestion has eased.
German bank sees ship-losses grow Further deteriorating shipping markets means it expects impairments in 2012 will exceed those of 2011.
Cleartrade reports positive start for bunker fuel swaps Single-lot bunker fuel contracts launched at the beginning of November have seen 'a great deal of interest'.
Bunker players are 'liquidity partners' 'This has to be reflected in profits,' says bunker credit manager.
HHI unveils dual-fuel gas engine package Says system can be used in all types of vessels, allowing marine engines to switch between LNG and diesel fuel.
Bunker prices climbing in Singapore Hong Kong: Buyers reluctant to come forward.
Vopak posts strong third quarter result Overall occupancy slightly down but strong demand seen in Singapore.
PDVSA not selling spot fuel cargoes Fallout from August accident means no spot activity although domestic supplies are unaffected.
PDVSA: New low sulphur service Low sulphur product now available from Amuay and Cardon oil terminals.
Questions asked about loss-making trading practices Steep discounting may lead to a 'systematic decay' of Singapore's reputation as a bunkering hub, says industry observer.
OPEC sees 'notable downside risk' for 2013 oil demand Weak economic growth may leave current OPEC forecast too optimistic.
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