Bangkok Airways cancels Bangalore service Less than a year after launching the Bangkok - Bangalore service on 26 September 2011, Bangkok Airways is set to cancel this daily operation between its hub airport and the souther...
GAC opens new office in Santos (Brazil) GAC has opened a new office at the Brazilian port of Santos. It is the third office in Brazil, joining the bases in Rio de Janeiro and Sao Paulo. GAC Brazil was established in 2006...
Container lease fleet grew strongly in 2011 Drewry Maritime Research's latest Container Leasing Industry report indicates that the rental container fleet grew by 10.6% in 2011, improving on the 9% returned in 2010 and giving...
Turkish Airlines to serve Mauritania Turkish Airlines is launching a new service to Nouakchott, the capital of Mauritania on 16 September. The airline will operate the thrice-weekly Istanbul - Nouakchott - Dakar - Ist...
Ideas and schemes for managing single-wagon load traffic in the future Single-wagon load traffic has lost market shares in Europe due to high production costs and a lack of quality standards. For some sectors, such as the chemical industry, rail trans...
New trucks for Knights of Old The UK-based transport and logistics specialist Knights of Old have put its first new Ivecos into service. The new vehicles include ten Eurocargo 75E16 7.5 tonners and two Eurocarg...
CN expands locomotive shop in British Columbia Canadian National Railway Company (CN) announced a CAD 12 million (USD 12.26 million) expansion of its Locomotive Reliability Centre (LRC) at its northern British Columbia centre. ...
New Volvo FH launched Volvo Trucks has launched a new FH tractor unit in Gothenburg (Sweden). The new model is more economical and safer than the current FH. Production of the new FH with euro 5 engines...
Bahrain Air resumes second service this week Bahrain Air is resuming its twice weekly service to Kathmandu (Nepal) today (14 September), after resuming its thrice weekly operation to Dhaka (Bangladesh) last Monday (10 Septemb...
Le Havre reports new handling record The French port of Le Havre has proudly announced a new record handling figure. A total of 7,800 teu were handled when the Geneva (Switzerland)-based Mediterranean Shipping Compan...
LH Cargo's supervisory board prolongs Andreas Otto's term of office The supervisory board of the German carrier Lufthansa Cargo has prolonged the contract of Andreas Otto by five years to 30 June 2018. Otto, the board member for products and sales,...
GLS inaugurates new hub in Greater Milan GLS Italy, the Italian affiliate of the pan-European CEP service provider GLS, has moved to a new location in San Giuliano Milanese, to the southeast of Milan. Italy's second large...
Groupe CAT acquires Toquero Group transport division The French service provider Groupe CAT recently bought (through its Iberian subsidiary) the Toquero Group's transport division, one of the most important vehicles logistics transpo...
Geodis opens new logistics platform in Casablanca The French logistics service provider Geodis has opened its new 16,000 sqm logistics site in Casablanca (Morocco). This platform, which has been operational since the end of 2011, ...
CSAV caught up in car carrier probe Subpoenas issued by US and Canadian authorities
Cosco Dalian reported to have booked up to 30 VLCCs Market waits for confirmation that whispers of Chinese binge have become reality
More boxships laid up as demand stalls Inactive fleet tops 400,000 teu for first time since mid-May
Flashpoint on the waterfront ILA-USMX talks enter critical phase as federal mediation begins
Main sticking points in US ports dispute A few of the unresolved issues that have brought US ports close to an ILA strike
The perils of paying peanuts Cheapest is never best when protecting your crew and cargo from pirates
Qatar supplies an extra 20m tonnes of LNG to Japan Doha positions itself to meet Tokyo's growing demand
US docker and seafarer unions join forces to defend workers' rights Maritime Labour Alliance launches as dock talks enter crucial phase
LNG shipping boosted as Japan pulls the plug on nuclear power Orderbook now looks healthy after historic energy decision
Arctic offers new gold rush for shipping Ernst Frankel outlines potential in Onassis lecture
Garbage in; garbage out Waste disposal laws show it is easier to ban a problem than to solve it
Asia-Europe box rates slide further Spot prices down more than a third since May
Fortescue shares suspend trading Doubt over company's ability to pay back loans leads to panic selling
Rongsheng sued by Quanchai shareholder Aegon-Industrial Fund Management claims Yuan16.37m compensation
Thorning-Schmidt urges Denmark and China to co-operate in shipping Danish premier highlights common values and prospects for mutual benefit
Ransom taskforce to report back next week Shipowners and unions oppose moves to ban payments to pirates
Long-term forecasts won't help owners now Rising tonne-mile demand for VLCCs will have a positive future impact, but owners are focused on the dire present market
US faces $16bn investment gap at ports and inland waterways Civil engineers' body warns on infrastructure
Unity is the way forward in ballast water treatment Trying to tackle the issue at national level will lead to pandemonium
China's capesizes: will good things come to those who wait? Brokers debate whether government stimulus can revive a flat market
OOCL launches new intra-Asia service Two 1,500 teu boxships to cover Kaohsiung, Hong Kong, Xiamen, Tokyo and Nagoya
Textainer prices share offering at $31.50 World's largest container lessor to sell 5m shares and stakeholder Halco sells 2.5m
China Shipping Haisheng scraps vintage chemical tanker China Shipping unit sells 1984-built, 5,470 dwt vessel for under $800,000
Ocean Rig expands private offering to $800m Notes due in 2017 are priced at 6.5%
Statoil signs floating storage unit deal with SHI Norway energy giant signs deal to renew buoy system in Heidrun field
Ocean Rig upsizes bond offering NASDAQ-listed Ocean Rig, controlled by George Economou-led DryShips, has priced an $800M junk bond offering
CSL wins Cochin Port Trust auction COCHIN Shipyard Ltd (CSL) today received the mandate to set up an international ship repair unit at Cochin Port Trust, at a capital expenditure of 7.5B rupees (136M)
Cosco retains 'sell' rating WHILE shipbuilding activities for the offshore sector looks positive, Cosco Corp (Singapore) is not seen ready to "ride this wave," observes a sector analyst
Freight-Related Programs Face $1.7 Billion in Sequestration Cuts Federal programs that directly and indirectly affect freight transportation face more than $1.7 billion in automatic budget cuts through the...
Toy Shippers Hope for 'Quick Progress' in ILA Talks Toy shippers are the latest importers to urge the International Longshormen's Association and United States Maritime Alliance to seek a...
Mobile Port Director Returns to Work James K. Lyons, long-time head of the Port of Mobile, returned to work on Friday after a temporary leave of...
Shipping Rate, Surcharge Update for Week of Sept. 10-14 Hapag-Lloyd will impose a general rate increase on all cargoes from East Asia to Mexico, Central America and South America...
Teamsters Prepare for UPS Contract Talks Health care benefits and pensions as well as wages will top the agenda when the Teamsters union and UPS, the...
Corps of Engineers Gets New NY Commander Col. Paul E. Owen assumed command of the New York District of the U.S. Army Corps of Engineers on Friday....
Teamsters President Hoffa Discusses UPS Negotiations, Pensions (Video) Teamsters General President James P. Hoffa speaks on upcoming negotiations with UPS, the largest Teamsters employer, for a new multi-year...
Kuehne + Nagel Settles Class-Action Antitrust Suit Kuehne + Nagel said it has entered into an agreement to settle a U.S. class-action lawsuit alleging anticompetitive practices in...
US, Canada Investigate CSAV CSAV said it and some of its employees have received subpoenas from U.S. government authorities and the Competition Office of...
STB's Higher Rail Capital Rate Deals Blow to Captive Shippers Shippers dependent on a single major railroad will likely have a harder time contesting rates after the Surface Transportation Board...
Maersk CEO: China's Changing Economy Slowing Export Growth Lower growth in China's export volumes reflects changes in its manufacturing sector, according to Maersk Line CEO Soren Skou, China...
DOT's LaHood Details Importance of New Freight Policy Council (Video) DOT Secretary LaHood invites participants of the first listening session on the newly formed Freight Policy Council to share what...
Panalpina Launches Three Asia-Europe LCL Services Panalpina boosted its fast- growing less-than-containerload Asia-Europe network with the launch of three services from China and Singapore to Hungary,...
OOCL Launches Intra-Asia Service OOCL has launched a new intra-Asia service linking Taiwan and China to Japan. The KTX5 will be operated by...
India's Exports Fell 9.7 Percent in August India's exports shrank for the fourth consecutive month in August on a year-over-year basis, falling 9.7 percent to $22.3 billion,...
E-Commerce Creates Overnight Sensation As e-commerce transforms the retail industry from a brick-bound behemoth to a fast-moving, multichannel enterprise, retailers, parcel carriers and logistics...
Commentary: Building Domestic Intermodal When APL developed the stacktrain in the mid-1980s, it effectively launched the modern intermodal era by going beyond the basic...
Cathay Pacific Expects Cargo Rebound in September Cathay Pacific Airways saw cargo volumes lose further ground in August but predicted a rebound in the latter part of...
Commentary: The Russia Paradox In the final scene of the 1990 blockbuster film "The Hunt for Red October," Sean Connery's Marko Ramius considers what's...
Frankfurt Airport Cargo Off 4.1 Percent in August Frankfurt airport's freight traffic dipped 4.1 percent in August from a year ago as an uncertain global economy and the...
Saudi Airlines Cargo Adds African Destinations Saudi Airlines Cargo has extended its reach in West Africa to nine new destinations. Via its hub at Lagos,...
Air China Cargo Launches China-Europe Flight Air China Cargo has launched a new flight linking China to Europe. The five-times-weekly B747-400F service from Shanghai calls...
US Intermodal Volume Rises, Carload Traffic Falls Intermodal shipments on major railroads rose 3.1 percent year-over-year in the week ending Sept. 8 but plummeted 13.9 percent from the...
Intra-Asia market is not decoupled from other tradelanes There has been much talk over the past couple of years about the sustainability of the intra-Asia trades outperforming the global market and, therefore, saving ...
Evergreen and Yang Ming report mixed results Evergreen and Yang Ming performed very differently in Q2 12 compared to the first quarter of the year. As shown in table 1, Evergreen only just returned to profit ...
Menlo boosts agreement with Dana's Thai operation Menlo Worldwide Logistics, the global logistics subsidiary of US-headquartered Con-way Inc. has boosted its agreement with the axle-making shipper customer Dana ...
SDV takes control of Getco Paris-based SDV has bought a majority stake in Milan-based Getco, a leading provider of multimodal transport services in Italy.Getco's activities are centred on ...
Bottomless dollar pot spikes stocks Equities around the world have been given a boost by the Federal Reserve's announcement yesterday that it would inject USD40 billion a month into the US economy ...
GAC adds to its Brazilian network Dubai-based GAC, which is one of the world's leading providers of integrated solutions to the shipping, logistics and marine industry, has expanded its operations ...
ITO business ripe for transactions Drewry Maritime Research expects merger and acquisition (M&A) activity to further pick up in the international terminal operating business, with the possibility ...
IMO warned by EC about need for climate change The European Commission has reminded the International Maritime Organisation that unless it delivers more on climate change soon, it will lose its mandate to protect ...
Cheniere projects look promising Cheniere Energy is hoping to seal its liquefaction build-out at Sabine Pass in Louisiana and start exporting LNG by as early as the fourth quarter of 2015, according to an equity analyst at Wells Fargo Securities.
Antitrust probe ignites Compania Sud Americana de Vapores on Friday confirmed reports that it is one of the targets of an antitrust investigation unfolding in North America.
Cape buys brewing China's Hebei Ocean Shipping is believed to be on the brink of selling two capesize ore carriers.
Who's a lucky boy, then? A Liverpool couple have been reunited with a pet parrot that escaped to board a German cruiseship.
Cochin gets cash The Indian government has cleared Cochin Shipyard's INR 7.5bn ($138m) new shiprepair profit in Kerala.
OOCL adds Intra-Asia loop Orient Overseas Container Line (OOCL) has introduced a new service to its Intra-Asia network.
Humpuss calls for help Indonesia's Humpuss Intermoda Transportasi (HIT) is likely to ask creditors to further reduce its debt as it seeks to settle early charter termination disputes.
Horizon eyes FAL tanker A FAL Oil aframax embroiled in arrears claims is to be sold off in Singapore.
A stab in the back We take a look at what was said in the market over the past week.
Sale spur for MBC Malaysian Bulk Carriers is set for a near $3m profit from the sale of industrial land.
Taiwan Nav falls Bulker owner Taiwan Navigation has posted a slip in first-half earnings as investment income dwindled.
Ezion's golden year Ezion Holdings is on course to double its share price in 2011 with nearly a third of the year still to go.
Greek plotting comeback? A Greek owner who cashed in his ships almost a decade ago is being tipped to make a comeback.
Second Sage death Australian police are investigating the death of a second crew member on a Japanese bulker, two weeks after a colleague disappeared mysteriously from the ship.
Crosstraders cashing in Panamax bulker owners opting to crosstrade are currently securing a huge premium over those adopting a round-voyage approach, DNB says.
Rena million on hold An NZD 1m ($833,000) gift to the people of Tauranga from the charterer of the wrecked Rena is on hold.
Cosco pain to go on Cosco Corp (Singapore) could emerge stronger from the shipping downturn but may well have to suffer more first, an analyst has said.
Grimaldi's giant grab TradeWinds digests the digits making the headlines this week.
ITF boards Julia ITF union representatives have boarded a Dutch cargoship in Ireland in pursuit of wage arrears.
Ko: Korea staying No 1 Daewoo Shipbuilding & Marine Engineering chief Ko Jae-Ho believes Korea will remain the world's biggest vessel producer as rivals struggle.
Crew wants Spanish trial A group of Bulgarian seafarers arrested in Spain in a drugs bust have protested their innocence.
HHI eyes subsea deal Hyundai Heavy Industries (HHI) of Korea has drawn up a list of potential subsea takeover targets.
Ocean Rig prices notes George Economou-controlled Ocean Rig UDW has set a coupon of 6.5% for its $800m bond issue set to be issued next week.
Swiber eyes perp bond Swiber Offshore has become the latest offshore vessel company to issue a perpetual bond to fund its expansion.
Samsung wins Statoil job Samsung Heavy Industries has landed a $230m contract to build a floating storage unit (FSU) for Norwegian oil giant Statoil.
CORRECTION: MSC adds Haifa to Asia-U.S. East Coast service A news report in today's AS Daily incorrectly presented the vessel rotation for Mediterranean Shipping Co.'s Asia-U.S. East Coast service that now includes Haifa. The service rotation is Ningbo, Shanghai, Chiwan, Yantian, Singapore, Haifa, New York, Norfolk, Baltimore, Savannah, Charleston, Freeport, Norfolk, Haifa, Colombo, Singapore, Chiwan, Hong Kong, and Ningbo.
SE ports achieve double-digit box growth The Port of Virginia gained bragging rights over its southeastern rivals, namely Charleston and Savannah, for August container business with a 24 percent jump in volume to 188,658 TEUs compared to the prior year.
Study: Mobile fleet devices to double by 2015 More than 9 million GPS and wireless devices used to manage fleet vehicles, trailers, construction equipment and mobile workers will be in use by 2015, representing a $3 billion market, according to C.J. Driscoll & Associates.
Muted growth forecast for 2012 clothing exports World clothing export growth in 2012 is predicted to be even slower in volume terms than the 5 percent growth rate seen in 2011, according to a report in the latest issue of Global Apparel Markets.
NAM picks new VP for trade
Pacer expands distribution deal with Yamaha
SDV buys majority stake in Getco
SkyBitz pairs with TMW for enterprise mobility
SEKO snags CEVA executive Bento
U.S. maritime unions form alliance
Navman expands mobile fleet tracking
Henderson elected vice chairman of Halifax Port Authority
Global bunker prices rise across the week Bunker prices rise across the week as crude nears the $100 per barrel level.
Bunker prices end week higher Demand was average on the US Gulf, according to a local trader.
Copec Marine closed for holiday The company will resume business on Thursday, September 20.
Fujairah market closes on a firm note But Durban prices subject to enquiry on the back of tight avails.
Bunker prices firm in Rotterdam Prices end week on high note with gains across northern Europe.
Traders look to 'straight-run' Russian product Asia markets considering alternatives to Venezuelan fuel oil.
Push to reduce flash point limit shelved Maersk official tells ICS conference why aligning flash point for distillates with automotive industry is no longer desirable.
Arrested FAL ship on verge of sale Bank prefers sale to public auction.
Baltic refinery to focus on 2015 'ECA compliant' fuel Production of 0.1% sulphur fuel will give plant 'competitive edge'.
Industry facing 'paradigm change' on efficiency High bunker price is driving change, says study.
US state lifts threat of sales tax on bunkers 'New legislation will keep marine fuel industry alive and well in our state,'says PMSA.
Bunker markets firming in Asian hubs on Friday Supplies of marine fuels 'fine' at key Asian ports on Friday.
Bunker players make arrests in Singapore Ratanpur and CPC Crest vessels seized for unpaid bunker bills.
Marine insurers get political IUMI setting out to influence maritime decision makers.
Poland-based firm develops LNG-fueled inland push tug Design uses a pair of Mitsubishi engines converted from using diesel.
Hawaiian investor eyes biofuel bunkering ops at Micronesia The aim is to supply the US Navy fleet at Guam with biofuel.
Taiwan orders 'lowest possible fuel consumption' engines Two engines will be fitted to ropax vessel for 2014 delivery.
Hyundai Heavy clinches $620 million drillship order Drillship features Gusto P10000 design which allows vessel to use less fuel during operations, says HHI.
Traders, risk managers pulling in 'two different directions' Current operating environment fuels tension between traders and risk managers, says player.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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