BNSF to invest USD 202 million to maintain and expand rail capacity in Nebraska The US railway company BNSF plans to invest around USD 202 million on maintenance and rail capacity improvement and expansion projects in Nebraska this year. BNSF's 2012 capacity e...
Gazeley scoops up team member from rival The logistics property developer and investor Gazeley has scooped up Bert Angel for its business in Europe. Angel will reinforce Gazeley's global customer solutions team with immed...
Barloworld appoints new directors Barloworld chose Babalwa Ngonyama and Neo Phakama Dongwana as non-executive directors of the board of the company with effect from 1 May 2012. Shareholders are also advised that ...
Kombiverkehr boosts transport capacity The Frankfurt (Germany)-based intermodal service provider Kombiverkehr is boosting the capacity of its direct train services between Neuss and Vienna by 25% on 16 May. From that da...
Underwater dredging equipment delivered to Vladivostok The Russian carrier Volga-Dnepr Airlines has arranged delivery of 40 t of underwater dredging equipment from Amsterdam (Netherlands) to Vladivostok (Russia) on a B747-400F chartere...
Virgin Atlantic Cargo takes off from Chicago Customers across the US Midwest now have faster connections to Virgin Atlantic Cargo's network of over 350 destinations worldwide with the launch of new flights ...
More funding for truck rest areas in Australia The Australian government is planning to invest an extra USD 140 million on truck rest areas and other productivity measures over the seven years from 2012-13 to 2018-19. The Austr...
Szczecin gets new container terminal DB Port Szczecin has phased in its new container terminal in Szczecin-Swinoujscie port complex in Poland. A Finnish company built the 300 m berth, which offers 10.5 m depth of wate...
Award for Saudi-Arabian 3PL service provider Almajdouie Logistics The Saudia Arabian company Almajdouie Logistics has won "the 3PL Service Provider of the Year" award for its outstanding logistics services over the past twelve months. The award w...
Quality Distribution agrees to acquire Wylie Bice Trucking and RM Resources Quality Distribution,a service provider headquartered in Tampa FL (USA), has announced that certain of its wholly-owned subsidiaries have entered into definitive agreements to acqu...
Evergreen Group chairman receives imperial honours Yung-Fa Chang, the chairman of the Taiwan-based shipping group Evergreen Group, was recently honoured with the Order of the Rising Sun, Gold and Silver Star at an award ceremony at...
First fatal accident involving a Sukhoi Superjet 100 According to the Aviation Safety Network, a Sukhoi Superjet 100 plane was destroyed on 9 May when it struck the side of a mountain during a demonstration flight over Java (Indonesi...
Deutsche Post DHL reports favourable Q1/2012 In Q1/2012 the global mail and logistics service provider Deutsche Post DHL was able to maintain its favourable business development of the previous year and continued to expand. T...
FedEx Express expands in Germany FedEx Express, part of the US-based FedEx Corp, is expanding its presence in Baden-Wuerttemberg (Germany) by opening new stations in Heilbronn, Ulm and Villingen-Schwenningen....
Panalpina gets GDP licence at Schiphol Pharmaceutical companies will be facing increasing challenges in the future to comply with official and country-specific rules for storing and transporting their temperature-sensit...
Malta Freeport Terminals handles largest car transhipment operation Malta Freeport Terminals (MFT) reported that over 2,400 cars were recently discharged at its facility, the largest car transhipment operation of its type in Malta. The cars arrived...
The great debate: charter vs freight Industry experts are divided over correlation between box charter and freight rates
To the lighthouse Should UK light dues be considered a tax or a fee?
The realities of piracy There is latent sympathy for these outlaws. The reality is kidnapping, torture and murder
Lame ducts and tipping points: innovation needs research The overselling of emission-mitigating measures will persist as long as there is very little research-based feedback available from actual performances on real ships in real operating conditions
VegaReederei buys HR Magician Vessel's former KG owner is insolvent
Asia-Europe lines undeterred by softer spot market More carriers plan peak season surcharges
Ro-ro owners urged to diversify Offer a broader range of supply chain services in Europe rather than rely on ship chartering, says MDS Transmodal chief
Choice between box services is becoming more limited Box lines offering identical service can only compete on price, says Damco
CSAV reduces losses by nearly a fifth High fuel bill dents liner operator's margins
Platinum Equity takes majority stake in Caterpillar's 3PL business Deal worth $750m continues expansion in private equity group's transportation and logistics portfolio
India to sell off wheat surplus Enough in stock to fill 300 supramaxes
Ports chiefs invited to Brussels policy talks Regulators to return to the controversial issue of port services
Apathy rules as just eight IMO member states respond over armed guards No 'magic bullet' from next week's committee meeting after underwhelming response
Capesize rates slow due to falling demand for iron ore Overproduction curbs steel mills' appetite for imported ore
Japan and Norway strengthen maritime ties Work on memorandum of understanding could result in class society DNV becoming eligible to perform surveys and inspections on behalf of the Japanese government
Fuel bills keep Viking Line in the red Operating expenses have hit the ferry operator's first quarter figures even more deeply than a year earlier
Scandlines faces new delivery delay P+S fails to deliver in time for peak summer season on the Baltic
LA and Long Beach gain after Chinese holidays Container imports surge, but pick-up is partly seasonal
MEPs slam member states for slashing counter-piracy resources UK has cut its contribution to EU Navfor
Chinese iron ore stocks could decline High prices could drive drawdown of inventories
Rio Tinto pushes ahead with mine expansion Uncertain global economic climate is no reason to scale back iron ore or coal ambitions, says chief executive
Pyongyang death jam Shipping at risk as North Korea blocks GPS signals
Global trade growing but European demand remains sluggish Worldwide container trade forecast to rise by 7.1%, but Asia to Europe segment slows
Commerzbank delays plan to sell stakes in Offen-managed boxships Decision reflects weak KG market
Hanjin posts first-quarter loss South Korea box giant hopes rates rises will put it in the black in second quarter
Déjà vu all over again Can CMA CGM play the same hand twice?
Déjà vu all over again Can CMA CGM play the same hand twice?
Hansa Treuhand chief puts building trust before launching funds Markets will have to recover so that KG investors can see good prospects, says head of sales Mark Högerle
Analyst calls pay to Eagle brass 'excessive' DEUTSCHE Bank analyst Justin Yagerman today issued a scathing report on the compensation package of Eagle Bulk CEO Sophocles Zoullas
German anti-piracy role with EU extended GERMAN parliamentarians have approved extending the country's participation in the EU's anti-piracy force
Romanian yard's profits turn into losses ROMANIA'S Santierul Naval Orsova yard has reported first-quarter net losses of 1.6M lei ($467,900), from profits of 187,400 lei for 1Q11
Shadow falls on MISC shares CIMB Securities has urged investors not to buy MISC's shares because it expects the Malaysian group's earnings to remain under pressure this year
UK P&I sees uptick THE UK P&I Club today reported free reserves and capital of $486M for the year ended 20 February 2012, up from $478M a year earlier
German Pellets plans US Gulf plant BIOFUELS supplier German Pellets today said it plans to enter the trans-Atlantic Supramax sector next year
Model sets optimal speed A MODEL has been developed to calculate optimal speed to help tanker operators manage fuel costs, INTERTANKO told Fairplay today
Mercator's profits crash by 75% MERCATOR Lines (Singapore) said today net profits for the financial year ending 31 March plunged 75% year-on-year to $7.8M
GA-R profits drop 30% INDONESIAN palm oil grower Golden Agri-Resources said today its 1Q12 net profits dropped 30% year on year to $162M
Gulf of Guinea piracy rising RISING oil exploration and production in the Gulf of Guinea have sparked more pirate attacks there, an INTERTANKO conference heard today
Bids lodged for three SeaFrance ships EUROTUNNEL has confirmed its interest in acquiring the former SeaFrance fleet by making an official €65M ($84M) bid for the three vessels on offer
Hanjin shares dive on wider losses HANJIN Shipping said today net losses for 1Q12 worsened to 338.4Bn won ($295M), from 140.6Bn won in losses year on year, which drove its share price down 8.8%, closing at 14,450 won
Workshop to Address Shipping's Emission Control Area Rules With the North American Emission Control Area regulations set to take effect on Aug. 1, shipping groups in the U.S....
FedEx Completes Tatex Acquisition FedEx wrapped up its second European acquisition in two months May 10, signing an agreement to purchase French express shipping...
APL Suspends Acceptance of Cargo to and From Aden, Yemen Singapore-based ocean carrier APL temporarily suspended "acceptance of shipments" to and from the Port of Aden, Yemen. The move...
Frito-Lay to Buy 100 Electric, 67 CNG Trucks Frito-Lay North America is adding 100 new medium-duty electric trucks to its delivery fleet, bringing its total fleet of electric...
Improving Productivity Benefits Ports, Carriers and Shippers In declaring this month that "productivity is the battleground for ports in the future," APM Terminals couldn't have nailed the...
Growth in European Ro-Ro Industry Won't Be Stopped Europe's roll-on, roll off shipping sector is refusing to allow the continent's deepening sovereign debt crisis derail its drive to...
Container Shipping Remains Scream-Worthy Investment When Sotheby's sold "The Scream" on May 2 for a record $119.9 million on behalf of Norwegian shipping heir Petter...
Intermodal Rail Volume Inches Up 3 Percent U.S. intermodal rail shipments in the week ending May 5 rose 3 percent percent year-over-year but slipped 1.4 percent from...
Best Buy's Morley Discusses Trucking Rates, Modal Shift at NASSTRAC (Video) Eric Morley, senior director of supply chain at big box retailer Best Buy and chairman of NASSTRAC discusses truck rates...
Singapore Airlines Profits Plunges 69 Percent Singapore Airlines said high fuel prices and poor cargo returns had contributed to its 69 percent profit slump in the...
Economist: Full Export Recovery in China Far From Certain China's domestic market remains shaky and a full export recovery is far from certain, a leading economist says. ...
Lufthansa Cargo Traffic Slumps 10.5 Percent Lufthansa Cargo carried 10.5 percent less freight in April than a year ago as it continued to slash capacity in...
Hanjin Losses Mount Despite Higher Volume Hanjin Shipping's container shipping unit posted a first quarter operating loss of 237.8 billion won ($208 million) as weak rates...
Wilh. Wilhelmsen Operating Profit Leaps 84 Percent Norway's Wilh. Wilhelmsen Holding ASA boosted first quarter operating profit by 84 percent from a year ago to $106 million,...
Kintetsu World Express Posts Record Profit for FY2011 Major Japanese international freight forwarder Kintetsu World Express, Inc. (KWE) said that its group net profit rose 21.1 percent in...
Major Carriers Set Asia-Europe Peak-Season Surcharges Freight rates on westbound trades from Asia to Europe will go up June 1 following peak-season surcharge announcements by major...
MOL Adds Seattle Call to PSX Service Mitsui O.S.K. Lines announced a new service to Seattle with its New World Alliance partners. Beginning May 21, MOL's PSX...
Customs to Open Centers of Excellence and Expertise in Detroit and Houston U.S. Customs and Border Protection Acting Commissioner David Aguilar announced Thursday that CBP will establish new Centers of Excellence and...
Gumley leads HPH in Aus Hutchison Port Holdings (HPH), the world's largest operator of container terminals, has appointed Dr Stephen Gumley to lead its Australian operations.As ceo of ...
Europe's woes stunt Chinese export growth Impacted by mass unemployment and draconian austerity measures in its main market, Europe, China's exports slowed dramatically to a year-over-year growth of 4.9% ...
Tanger Med well down year-on-year The number of containers handled at Tanger Med, Morocco, in Q1 12 was more than 30% (195,000TEU) down on the corresponding period of 2011 as the industrial unrest ...
Liner Q1 red-ink spells more pain for boxship owners The raft of disastrous first quarter results being posted by ocean carriers in recent days threatens to stymie the mini-revival in the ...
Nhava Sheva slowdown It seems that a combination of strikes, surging cargo volumes and power shortages have seriously affected container-handling performance levels at container terminals ...
Dachser opens up shop in Malaysia Kempton, southern Germany-headquartered logistics provider, Dachser, has continued its Asian expansion strategy with the establishment of a joint venture in Kuala ...
Greek tanker pirated after HoA attacks escalate After a lull in piracy activities off the Horn of Africa, a Liberian-flagged Greek-owned suezmax tanker has been hijacked by Somalia-based pirates while en-route ...
CSAV still in financial trouble CSAV's strategy of withdrawing many owned services in favour of slot charters and offloading loss making cargo is slow in coming good. Its latest financial figures ...
Shot clock keeps ticking Struggling Danish owner sees light at the end of the tunnel as it begins "final documentation" of long-awaited financial overhaul.
Marine Risk Forum review This is the place to see participants in action at TradeWinds Marine Risk Forum held at London's Corinthia Hotel in May 2012.
Ready to step in Door open at Rosgosstrakh for former Reso-Guarantia insured fleets but business has gone elsewhere.
Strength though loss American Club chief sees major casualties as a demonstration of the financial integrity and claims handling efficiency of P&I clubs.
Nordic advantage Time for more P&I clubs to follow the Scandinavian model and diversify their product range says Just Arne Storvik.
Hydra's time has come Big casualties create opportunity for the clubs to retain more risk and restructure reinsurance deal.
Clubs help rivals Martin Lanting welcomes wider interest in fixed premium P&I as a boost for the credibility of the sector.
Skuld sets out its menu Norwegian club aims to be a Michelin starred provider of insurance to owners big and small.
U.S. exports up 2.9% in March Records were seen in U.S. exports of both services ($54.1 billion) and goods ($132.7 billion), with record levels of exports of industrial supplies ($44.3 billion) and capital goods ($44.4 billion).
Hanjin loses $209 million in 1Q The container shipping division of liner carrier Hanjin Shipping slumped to a $209 million operating loss in the first quarter of 2012, a huge drop from the $28.3 million it lost in the same quarter in 2011.
DHS waives deadline for 100% box scans
FedEx reaches deal to buy France's Tatex The acquisition will give FedEx Express access to a nationwide domestic ground network which carries 19 million shipments and produces about 150 million euros ($194 million) in revenue annually.
MOL, Evergreen target Southeast with new string MOL said the service will be particularly beneficial for U.S.-to-Asia export customers in the Southeast United States who want to target emerging markets in Asia with direct Singapore, Vietnam and China calls.
Bunker prices soften as week ends Trading was busy on the US West Coast, according to local players.
Scrubbers may have edge over LNG for retrofits 'May prove to be the most cost effective solution' and almost any vessel could be retrofitted, manufacturers suggest.
Rotterdam IFO prices see sharp fall IFO avails tight in European hub.
Bunker costs see Maersk Line close link 'Direct coverage between Northwest Europe, Peru and Chile to end.'
Fujairah bunker market ends the week soft Below average demand in Suez.
EU agency wants study on LNG bunkering Study will suggest a common set of EU guidelines.
Credit trend is 'wholly unsustainable' 'The average 30 days credit term is no longer the norm,' say James Walters, Head of Investigations at Gray Page.
Week ends with prices continuing to slide Good avails in Asian ports fine on Friday.
WFS climbs to top 100 on Fortune 500 list Ranked 85th in the list of top revenue-generating United States companies, up from 133rd position last year.
Louisiana to get new $600 million bulk liquid terminal Terminal to be operational with initial storage capacity of 4 to 6 million bbl by 2014.
Analysts mixed on NOL Maybank Kimg Eng and OCBC Investment Research give mixed reviews after the company reported Q1 losses on high fuel 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.
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