Logwin: hefty costs impact Q1/2012 result Logwin, a logistics service provider based in Grevenmacher (Luxembourg), generated a Q1/2012 turnover of EUR 329.9 million, a 1.9% decrease compared to the same period in 2011 (EUR...
Union Pacific posts best-ever quarterly record Union Pacific Corporation, based in Omaha NE (USA), reported Q1/2012 operating revenues of USD 5.1 billion, up 14 %, and the best-ever result for a quarter. Q1/2012 business volume...
Ansaldo STS wins new EUR 118 million contract in Australia Ansaldo STS Australia has been awarded a EUR 118 million contract to deliver the first two phases of a staged signalling and communications system for the Roy Hill Iron Ore Project...
Taiwan's Eva Air orders three B triple-sevens Boeing and Taipei-based Eva Air last week finalized an order for three B777-300ERs (extended range) airplanes. The order also includes purchase rights for an additional four airpla...
MASkargo expands freighter services to Ho Chi Minh City Malaysia-based MASkargo has inaugurated a twice weekly A332 freighter flight that will serve Tan Son Nhat international airport in Ho Chi Minh City (Vietnam). Th...
New Finnish honorary consul for Lübeck and Ostholstein Heinrich Beckmann, who has been the managing director of the German port operating company Lübecker Hafen-Gesellschaft (LHG) since July 2008, has been appointed honorary consul of ...
China Southern and Air Baltic, new LUG customers LUG aircargo handling, the oldest independent ground service company at Frankfurt/Main airport (Germany), has signed long-term contracts with two new clients since the beginning of...
MOL and Evergreen to launch new Asia-USEC service The Japanese shipping company MOL Liner Ltd (MOL) and Evergreen (Taiwan) will start a new service from Asia to US east coast ports together. MOL will provide nine vessels and Everg...
Heartland Express modernising fleet US-based Heartland Express plans to upgrade its fleet this year with 1,000 new Wabash trailers. The company, one of the biggest truckload carrier based in North Liberty IA, grew it...
Mercees Benz expands truck series with Antos The German vehicle manufacturer Mercedes-Benz will soon be extending its family of trucks by the new Mercedes-Benz Antos. With the introduction of the Mercedes-Benz Antos, Mercedes...
Salalah to expand general cargo terminal Oman's ministry of transport and communication has invested USD 143 million in an expansion project at the port of Salalah. The aim is to double the port's general cargo capacity. ...
DB Schenker expands presence in Africa DB Schenker Logistics has expanded its presence in Africa by opening its own national subsidiary in Namibia. Over the past five years, the customers relied on the service of partne...
Kuehne + Nagel Japan receives medical device manufacturing license The Chiba Prefecture Government (Japan) has granted Kuehne + Nagel Japan the medical device manufacturing license for its logistics facility in Ichikawa. The new designation marks ...
Fairstar accuses Dockwise of 'poison pills' FAIRSTAR Heavy Transport said today it has turned down what it termed a 'poison pills' financing offer from Dockwise
More sluggish German shipbuilding seen GERMANY's shipbuilding sector braced itself today for another difficult year, after 2011's sluggish contracting
IMO urges guard review IMO CHIEF Koji Sekimizu today called today for a thorough review of armed anti-piracy guards on ships
NewLead takes coal stake AS ITS fleet continues to dwindle, Michael Zolotas-led NewLead has reported huge losses - and a new coal-trading investment
Soy woes weigh Ultrapetrol NASDAQ-listed Ultrapetrol has reported a doubling of quarterly losses on much weaker soybean volumes for its South American river business
New SCF-Nikitin trial starts A UK HIGH Court trial started today in Sovcomflot's lawsuit against former chartering partner Yury Nikitin
Huge drop seen in Iran crude cargoes IRAN'S exports on crude tankers could fall another 500,000 barrels per day when the EU embargo takes effect in July, Barclays has predicted
Pittas plots more buys NASDAQ-listed Euroseas will use proceeds from its impending rights offering to buy vessels, CEO Aristides Pittas has confirmed
MISC's losses widen MISC SAID today its year on year losses deepened to $133.9M in 1Q12, from losses of $59M in the same period of 2011
TTA cuts losses to $6.5M TTA SAID today it cut losses in the second quarter of fiscal year 2012 to 205M baht ($6.5M), from 560M baht in that quarter of the previous year
First Resources profits rise 60% INDONESIAN palm oil grower First Resources said 1Q12 profits rose 60% year on year to $49M, due to a surge in sales of crude palm oil and palm oil products
Suezmax surge aids VLCCs A SUDDEN surge in Suezmax tanker rates on the route from West Africa to the US East Coast and UK Continent yesterday is likely to buoy VLCCs loading West African crude, brokers told Fairplay today
Key Maersk role seen in box rate doubling MAERSK Line's actions have enabled carriers to achieve their initial round of rate rises on the Asia/Europe lane this year, analyst Janet Lewis has found
EU readies piracy policing THE EU is preparing a multimillion-euro initiative to bolster counterpiracy forces and policing capacity in eight east African countries
Panamax rates keep sliding THE SLIDE in Panamax bulker rates is continuing, with the South American grain season ebbing away
FMCSA Shuts Down Alabama Trucking Company Federal regulators shut down an Alabama-based trucking company after finding the carrier violated rules regarding hours-of-service rules, driver qualifications and...
LA-LB Imports Rose 8 Percent in April Loaded containers moving through the Los Angeles-Long Beach port complex increased 4 percent in April over April 2011, with imports...
Near-Sourcing Job Growth Expectations Overblown, Study Says The production cost gap between the U.S. and China is steadily decreasing, but the number of U.S. jobs gained through...
Saint Lawrence Seaway Begins Season With Volume Gain A jump in coal shipments helped boost cargo volume on the Saint Lawrence Seaway up 2.2 percent in the first...
Motor Carriers Turn to Natural Gas as Fuel Motor carriers are adopting natural gas as one of the fuels of choice for their fleets because it makes financial...
Container Ship Schedule Reliability Improves The schedule reliability of container ships in all trade lanes improved to 72.3 percent in the first quarter of 2012...
Cathay Pacific Sees Volume Fall Again Cathay Pacific Airways saw a year-over-year decline in freight volume in April. Cathay Pacific and Dragonair carried 124,531 tonnes...
Virginia Container Throughput Climbs 5.2 Percent The container volume handled by the Port of Virginia increased 5.2 percent year-over-year in April, to 169,644 20-foot equivalent units....
Jean-Louis Cambon, Leading Shipper Campaigner, Dies Jean-Louis Cambon, a prominent campaigner for shippers and a constant scourge of liner conferences, has died after a long illness....
Profit Down 93 Percent for Malaysian Carrier MISC Berhad saw revenues tumble in the first quarter following its decision to exit the container business. The Malaysian...
Maersk Line Posts $599 Million First Quarter Loss Maersk Line slumped to a $599 million operating loss in the first quarter from a $424 million profit a year...
Inland DCs Near Rail Ramps Luring Retailers With transportation representing the biggest cost factor in the domestic supply chain, retailers are locating their inland distribution facilities as...
Hapag-Lloyd Hikes Rates on East Asia Services Hapag-Lloyd will impose a new round of general rate increases on its East Asia services, which will take effect in...
Air Cargo Specialist Starts Service to Chinese Interior Cargolux Airlines International has started a twice-weekly freighter service linking Luxembourg to the booming Chinese interior city of Chongqing. ...
YRC Freight to Hire 200 Truck Drivers Trucking giant YRC Freight is hiring 200 truck drivers in more than 10 cities across the U.S. as less-than-truckload freight...
Any port in a storm? According to APM Terminals' head of project implementation, Soren Jakobsen, the port industry needs to quickly up its game to service the new generation of ultra ...
DB Schenker sets up shop in Namibia DB Schenker has acquired the entire share capital of Windhoek, Namibia-headquartered Desert Logistics (DL) and in so doing set up its own organisation in the southern ...
Ecowas considering Mali sanctions again The West African country of Mali is under threat of trade sanctions once again being imposed by Ecowas. The regional economic grouping is disappointed at the progress ...
Fuel cost hope for Maersk and co. The shocking USD600 million loss for Maersk's liner services in the first three months of the year would have been significantly less if not for the sharp spike ...
APM T posts Q1 12 profit rise A combination of exceptional items, continuing strong growth from emerging markets and portfolio optimisation and expansion strategies led APM Terminals (APM T) ...
Mixed outlook for annual transpac contracts Mixed signals about the success for carriers of the transpacific annual contracts have been given - the Transpacific Stabilisation Association (TSA) has expressed ...
Maersk Line still stuck in a rut Maersk's liner services operated by Maersk Line, Safmarine, MCL and Seago suffered another collective bottom line loss of USD599 million in Q1 12, which was even ...
MSC Idil: salvors assessment awaited
EC again highlights need for clearer EU port competition European Commission vice-president and Commissioner for Transport Steering Siim Kallas remains determined to enforce fairer competition between the EU's ports. ...
Regulation fuels reality check Clarkson analyst says Indonesia's efforts to curb mineral exports will hurt but may buoy bulker market in the long-term.
Evergreen inks alliance Four 3,000 TEU containerships dedicated to new West Africa rotation on the heels of freshly minted partnership.
Sanko stuck in limbo Seized bulker still in custody after Cobelfret helps troubled Japanese operator clear first hurdle in race to lift arrest.
Business as usual? Dockwise's takeover target keeps its cool despite unwelcomed advances as it locks in juicy deal with John Fredriksen's Seadrill.
Wilson Sons curbed by costs Higher expenses carve into Brazilian diversified owner's bottom line.
Pacific-Gulf in the hot seat Lebanese shipper races to seize US-flagged heavylift vessel following damage to gas turbine destined for Iraq.
Jebsen ship refloated Malta Cement cleared to proceed after suffering small crack to hull in grounding off Sweden.
Novoship trial finally begins Russian tanker owner's $135m corruption case against former UK boss Vladimir Mikhaylyuk opens without main defendant, who is ill.
Nam Cheong looking hot Investors should be making eyes at Malaysian shipbuilder following "stellar" start, analyst says.
Hyundai Mipo slumps Korean shipbuilder falls short of market expectations in the first quarter.
Maersk's Andersen unhappy Danish giant's first quarter results are largely in line with those of a year ago, but CEO "not satisfied".
April liner reliability in eye of beholder Drewry reported Wednesday that global schedule reliability improved 2.9 percent to 72.3 percent during the month. But SeaIntel said global reliability fell from 79 percent to 78 percent in the month.
Senate renews Ex-Im Bank charter The Senate voted 78-20 to pass the Securing American Jobs Through Exports Act to renew the Ex-Im Bank's charter for another three years and raise its lending cap from $100 billion to $140 billion.
LA volume up 14.5% in April
Colombia puts trade benefits on Web
EasyTracGPS tries phone-free tracking
Maersk Line sustains $571 million 1Q loss
EC affirms 2016 for electronic procurement
NYK modifies chassis provisions in PNW NYK Line (North America) Inc. said it has begun the process of no longer providing chassis in certain markets, and said on July 1 the policy will be extended to the Tacoma, Seattle, and Portland markets.
Agility reports lower 1Q profit
Forwarder gets jail time Ulrich Davis, 50, a Dutch citizen from The Netherlands, was sentenced to six months in prison for conspiring to defraud the United States by facilitating the illegal export of goods to Iran.
Global uptake of ISO 8217:2010 still at 10% or less Global supplier and testing agency tell workshop that 2005 edition still dominates contracts.
Bunker markets soften in Europe Public holiday in Rotterdam on Thursday.
Widening losses for MISC Challenges 'do not bode well for the rest of the year' after difficult Q1.
Prices falling in Fujairah Slow demand with players expecting prices to fall further.
Fuel costs limit naval operations Portugal is restricting the number of hours its submarine Tridente spends at sea.
Fuel costs trigger surge in use of armed guards Hiring armed security personnel is cheaper than sailing at speed in areas threatened by pirates.
Trinidad and Tobago firms to start Panama bunkering ops 'The Panamanian government has assured its assistance to Petrotrin and NPMC to secure the necessary permits.'
Bunker prices falling in key Asian ports Supplies of bunker material fine at major Asian ports on Wednesday.
High bunker costs put Maersk Line in the red Total bunker costs increased 44% to $1.9 billion during the first quarter while freight rates remain low, says Maersk.
STX Pan Ocean widens Q1 losses Preference for fuel efficient vessels amid high bunker prices provides more incentive to scrap older vessels, it says.
East China fuel oil imports to decrease 12% in May Lower refinery demand and wait-and-see attitude among bonded bunker traders reduces imports.
Thai-listed shipping firm narrows Q1 2012 loss by 30% Regional Container Lines quarterly results affected by rising fuel costs and overcapacity.
LNG-fuelled vessel orders increase 26% Key factor is the IMO Tier III emissions standards, slated to take effect in 2015-2016.
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