Mercedes-Benz Actros wins two prestigious design awards The new Mercedes-Benz Actros truck has won two prestigious design awards: the German Design Award 2013 in the "Transportation and Public Space" category and the "Focus in Gold 2012...
Steve Perry changes from DHL to Kenco Management Services Kenco Management Services, a 3PL service provider based in Chattanooga TN (USA) has announced that Steve Perry has become its vice-president human resources. Perry, who is certifie...
Euroports appoints new managing director for Benelux and France Paul Jacob Bins, who currently manages Euroports' breakbulk and bulk terminals in Belgium and France, has been appointed the new managing director for Euroports Benelux and France....
Two Turkish transport companies augment fleet Dalgiç Lojistik Ltd and Golteks Lojistik, two haulage firms located in southern Turkey, have augmented their fleets with Mercedes-Benz Axor 1840 LS trucks. Dalgiç Lojistik boosted ...
ICTSI's nine-month net income up 4% Philippines-based International Container Terminal Services Inc (ICTSI) has reported its consolidated unaudited financial results for nine months ending 30 September 2012. The glob...
Indian Railways increases earnings Indian Railways reported that its revenue earnings rose by 20% to INR 687 billion (around EUR 9.8 billion) between April and October 2012. The transport provider's profit from the ...
Europorte and Cerevia create new railway operator "Bourgogne Fret Service" Europorte and the agricultural cooperative Cerevia has have created a new local railway operator called "Bourgogne Fret Service" (BFS). BFS is co-owned by Europorte (67%)...
"Final call" for SAS The pan-Scandinavian airline SAS has adopted a comprehensive plan to pave the way for a new, strong and competitive company. It needs to be fully implemented and new collective agr...
Damco boosts sales in Q3 Damco, the forwarding and logistics subsidiary of the Danish conglomerate Maersk, reported that its sales grew from USD 784 million in Q3/2011 to USD 849 million in the same quarte...
FedEx Express opens new facility in Dubai The US service provider FedEx Express has opened a new facility in Dubai to expand its presence in the United Arab Emirates (UAE). The 5,900 sqm facility in Al Garhoud houses a new...
IAG Cargo reports Q3 growth IAG Cargo, the single business created in the aftermath of the British Airways World Cargo and Iberia Cargo merger, reported commercial revenue (flown revenue plus fuel surcharges)...
Etihad Cargo growth continues in October Abu Dhabi-based Etihad Cargo carried a record 32,500 t of freight in October, a 15% increase on the same month last year. The figure is 2.2% higher than September 2012, when the ai...
GAC with new CEO from 2013 on The shipping and logistics service group GAC will have a new group president in the shape of Bengt Ekstrand with effect from 1 January 2013. Ekstrand is presently GAC's vice-group ...
Competition hots up in European feeder sector Unifeeder's takeover of Feederlink highlights the fight for economies of scale
Insurers need more clarity over bunkers sourced in Iran UK Treasury response is ambivalent, pending European Court of Justice ruling
Shipowners P&I club is first to opt for two interactive ratings Decision boosts the insurance player's rating from BBB to A-
Grim outlook continues for shipping Sector has become a non-industry for banks that are in no rush to return
Strong currencies press Asia ship prices to rise Yards must respond to rising costs
MarAd again rejects Blackstone arm's Title XI application Decision casts questions over newbuilding pair ordered at Nassco
Third quarter brings profit growth to Hapag-Lloyd Prospects fade for IPO as nine-month net loss reflects a continued 'challenging' market
Survey reveals high awareness of SEEMP compliance Fuel-saving benefits drive interest in ship energy efficiency management plan
Nigerian naval exercise supports the country's war on oil theft But the government and security services cannot fight piracy alone, says security expert
Liner operators launch a surge of seasonal lay-ups Alphaliner data points to substantial rise in mothballed ships over coming weeks
US east coast ocean carriers declare force majeure on diverted cargo Hurricane forced some 6,000 boxes to be rerouted from New York & New Jersey
Chinese yards look to naval orders for survival Will Hu's call to make China a maritime power allay state-owned yards' problems?
Aframaxes trading crude stay buoyant post-Sandy Caribbean-US Gulf earnings for 70,000-tonne cargoes top $26,000 per day
Oh, Kolkata If India is to fulfil its potential, it needs its ports to work well
Stop the clock Airlines' reprieve from ETS may improve IMO member states' attitudes at the next MEPC
Navios Acquisition reduces loss more sharply than forecast Frangou says company is building a stable platform as its peers struggle
New IG chairman named Tindall Riley chief Berkley takes the helm
New hopes for shipping as aviation shakes off EU emission targets One-year stay of execution sees airlines duck moves to include them in regional ETS
Ruling on BLT extension is delayed until next week Indonesian tanker firm wants Jakarta court to grant 60 more days to appease its creditors
Sandy hits global fourth-quarter oil demand IEA cuts its forecast to reflect weak European economy and impact of US hurricane
First Steamship plans new share issue Taipei-listed dry bulk operator seeks to raise funds for loan repayments and investments
Commerzbank expects $342m shipping loss from Deutsche Schiffsbank Ship finance is four times more toxic than consumer credit
Mercator sees third-quarter profit plunge Bombay-listed tanker operator hit by weak rates
Jefferies merges with major shareholder Leucadia National Firm pledges 'business as usual' for its maritime investment banking
Intermodal restructuring sees profits dip at HHLA But German port operator reports 2% volume growth for first nine months
Hyundai Merchant Marine posts first operating profit since late 2010 Seoul-listed carrier boosted by lower bunker prices and improved box business
Debts hit SinOceanic Shipping Interest on $505m debt erodes boxship owner's earnings
ASL Marine posts higher third-quarter profit But Singapore-listed offshore player warns of more competition ahead
LNG-fuelled ethylene carriers will operate out of the UK First gas-powered vessels of this type are chartered to Sabic
HHLA slashes investments HAMBURG's biggest box terminal operator HHLA today pruned back investments this year from €250M to €200M ($254.35M) because growth prospects have soured
Ferry 'cartel' fined €88.5M SPAIN'S competition commission has imposed fines totalling €88..5M ($108.73M) on six shipping groups that operated a price cartel on Spain/Morocco services in 2002-10
Cargo owners upheld in 2005 collision-blast A US LOWER court decision in favour of cargo owners has been upheld in a case involving a ship collision and explosion in the Yellow Sea in 2005
PNG seen as linchpin for smuggling rings PAPUA New Guinea's biggest-ever drug bust has brought police warnings that PNG is becoming a smuggling transshipment point, IHS Global Insight reported today
RCL profits turn to losses THAILAND'S RCL reported a 216M baht ($7.04M) in losses for 3Q12, reversing 804M baht in profits a year earlier
170 held in migrant smuggling GREEK authorities are holding 170 people believed to be involved in the smuggling of migrants in the past week
SinOceanic to refinance NORWAY'S listed box ship provider SinOceanic said today it plans to refinance, given deep losses for 3Q12
Lianyungang to issue bonds SHORT-term financing bonds will be issued next week to raise development money, China's Lianyungang Port Group said today
Thessaloniki cargo rises GREECE'S second-largest port, Thessaloniki, said its cargo-handling rose 19% year on year in the first nine months of the year
Modec wins PETROBRAS charter of FPSO MODEC of Japan said today it has won a deal to charter an FPSO to PETROBRAS
Shanghai Free Trade Zone reports growth SHANGHAI'S Free Trade Zone has reported 14.4% year on year growth in imports and exports during first nine months
DSV plans central logistics hub in Germany Danish forwarder, DSV has unveiled plans to construct a EUR60 million logistics facility in Krefeld-Fichtenhain, Germany.The 80,000sqm facility will consolidate ...
Idled fleet surge begins According to the latest data from Alphaliner the past two weeks has seen the amount of redundant cellular capacity increase by 96,000 to 762,000 slots for 282 ships; ...
USEC liners declare 'Force Majeure' In the aftermath of Hurricane Sandy many ocean carriers that diverted container ships from the storm-ravaged New York & New Jersey terminals to discharge ...
Hapag-Lloyd profits up but liner still in the red YTD German container giant Hapag-Lloyd was able to increase freight rates, revenue and results in the third quarter, although it warned that the market environment ...
End of the banana wars The European Union and 11 South American countries have finally declared peace after many years of raging banana wars. The two sides have signed an agreement ...
Teekay bags Hummingbird lease Teekay Corp has struck a deal to lease a floating production, storage and offloading unit to oil explorer Antrim Energy.
Algarve to Brazil? Modec looks to have secured a contract for a VLCC it is believed to have bought from Belgian tanker owner Euronav.
NewLead to fight on NewLead Holdings has vowed to carry on the fight to reclaim the money it is owed by Taiwan's Today Makes Tomorrow (TMT) over unpaid charter fees.
Berkeley gets P&I nod P&I club manager Grantley Berkeley has been elected chairman of the International Group (IG) cartel.
Statoil seeks ships The over-supplied North Sea anchor-handler (AHTS) market could be thinned out a little next year after Statoil launched a tender for term charters.
Sato sells off handy Japan's Sato Steamship has offloaded its smallest bulker into Greece.
ASL sees upswing ASL Marine has reported higher third quarter numbers as margins increased across the board.
Frangou's positive feeling Navios Maritime Acquisition has turned in a slightly stronger than expected third quarter showing as fleet growth helped improve revenue.
Naveiro crew stuck The crew of a Portuguese cargoship have been stranded in Germany since August over unpaid port fees.
Frontline's winter window An improving picture for the VLCC spot market has opened a window of opportunity for investors in John Fredriksen's Frontline, Arctic Securities says.
Death probe demanded The family of an engineer who died on an Essar Shipping vessel off South Africa want a full investigation.
Wilson orders at Damen Wilson Sons of Brazil has returned to Damen Shipyards for 12 more tugs.
Eagle's runway race A three-year debt runway could prove too short for Eagle Bulk Shipping if the dry-bulk market remains rooted to the ground, a leading analyst suggests.
Hong Kong cans IRISL Hong Kong is cutting ties with 19 ships belonging to Islamic Republic of Iran Shipping Lines.
Cosco adds four VLCCs China's huge push to build up to 50 VLCCs has continued with a new order for Cosco at China State Shipbuilding Corp (CSSC).
SinOceanic books big loss SinOceanic has turned in a loss in its first full quarter with a four vessel fleet.
Better from Eidesvik Eidesvik Offshore has overcome a slump in revenue to post improved operating numbers for the third quarter.
Hapag better in Q3 Hapag-Lloyd has joined the band of container lines posting improved third quarter numbers.
PGS fixes new quartet PF THOR has ordered four new seismic support vessels on the back of long-term charters from Petroleum Geo-Services (PGS).
Pallas returns to profit Swedish tanker owner Pallas Shipping has made it back into the black in the first quarter of its financial year.
Polarcus returns to profit Polarcus has returned to profit in the third quarter helped by contributions from its entire fleet of eight seismic ships.
Damen Brest wins trio Damen Shiprepair Brest has tied up a trio of drydockings from three separate Scandinavian tanker owners.
Two down, one to go Lamprell, the struggling Middle East rig builder, has appointed a new chief financial officer but only on an interim basis.
Sentinel behind AHTS deal Sentinel Marine has emerged as one of the parties behind the recent anchor handler newbuilding order at Nam Cheong.
PBR in new PLSV push Petrobras, the Brazilian state-owned oil giant, is looking to long-term charter a further nine flexible pipelay vessels.
Hedland in China record Port Hedland has set a new monthly record for iron ore volumes to China, latest figures from the port show.
Benjamin retires as Port of Oakland director Omar Benjamin, who had served as executive director since February 2007, leaves the agency amid an investigation over expense reimbursement, practices and policies by the port's outside counsel.
LA port awards contracts for TraPac expansion The port authority has approved $127 million for two projects related to modernization of the TraPac container terminal. Both projects are part of a $365 million expansion of the terminal.
Riverside acquires MNX
XRS names Schenk senior VP market growth
Caribbean carriers announce 2013 rate increases
Port of Houston names key executives
CaroTrans starts new China/Chile LCL services
20-year EU-Latin American banana war ends "This is a truly historic moment," said World Trade Organization Director-General Pascal Lamy on Nov. 8. "After so many twists and turns, these complicated and politically contentious disputes can finally be put to bed."
Coolboxx becomes reefer box rental
Washington Notebook: Veterans' Day salute for railroads
House lauded for addressing Russia favored status
Michel named president of Webb Institute
Commerce's new export finance guide released
Survey finds growth in inter-regional trade Of the supply chain executives surveyed by BDP International, 87 percent indicated their companies are considering or have already begun to move production closer to end markets, sourcing and selling their goods within the same hemisphere.
Bunker supplier exits Istanbul market Rida Petrol Urunieri A.S. suspended supply operations this month and its trading team was made redundant.
Head of Norwegian Oil Trading passes away Sadness as Tor Javier Melsom dies after illness, aged 56.
Bunker prices stable in Fujairah But prices gather pace in South African ports.
Prices show mixed movement in Europe Margins on trades low, sources said.
Ferry operators struggle to find cash for fuel Up to half the ferry fleet operating out of the Greek ports of Piraeus, Rafina and Lavrio could be laid up.
Layton announces departure from WFS Senior commercial manager worked for the group for 24 years.
Hapag-Lloyd reports Q3 profit But bunker costs 'weigh heavily' on performance.
Bank holiday curtails Singapore market Quiet market all round in Asian ports.
Baxus and OceanConnect in court Friday Indebted company owes around $16 million.
Global energy map being 'redrawn' United States will be the world's top oil producer within eight years, says IEA.
IMarEST announces conference schedule for 2013 Topics for next year's conferences include environmental issues, offshore oil and gas, liquid natural gas, arctic shipping, and marine engineering.
Wind power can save on bunker fuel costs, says tech firm 'There is immense energy in the oceans which can be harvested and used by ships.'
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