PCC Intermodal took over management of Frankfurt/Oder terminal The Polish company, PCC Intermodal has signed a contract for the management of a handling terminal on the Polish-German border. The agreement entitles PCC Intermodal to manage this...
OOCL reorganises Pacific Atlantic Express Service Orient Overseas Container Line (OOCL), based in Hong Kong, has added eastbound port calls at Shanghai and Los Angeles Ca (USA) to its Pacific Atlantic Express (PAX) service. This ...
Updated locomotive safety standards in USA The US transportation secretary Ray LaHood announced a final locomotive safety rule that eliminates unnecessary regulatory burdens, facilitates the use of new technologies and inco...
ICTSI Ecuador unit adopts OCR technology Contecon Guayaquil SA (CGSA), a subsidiary of International Container Terminal Services (ICTSI) that operates the Guayaquil Container and Multipurpose Terminals (GCMT) in Ecuador, ...
Transaero acquires MRO station at Shannon Airport Russia-based Transaero Airlines has finalized a deal to take over an aircraft maintenance station at Shannon airport. Ex-Air Atlanta Aero Engineering (AAAE) now operates as Transae...
Ryder in UK invests to refresh and upgrade rental fleet Ryder, a leading independent provider of commercial vehicle rental solutions, is investing GBP 24.6 million (EUR 30.4 million) in a further upgrade and expansion of its rental fle...
New transport minister for Slovakia On 4 April Jan Pociatek was appointed minister for transport, construction and regional development in the new Slovakian government, headed by prime minister Robert Fico. Pociatek ...
New charter alliance combines scale with service Three cargo charter brokers have joined forces to launch the Global Charter Alliance. The aim of what they call "the world's first consortium of independent brokers" is t...
Chapman Freeborn strengthens team in Frankfurt Chapman Freeborn has appointed Sabrina Klein and Jan Körber as its new cargo charter brokers in Frankfurt (Germany), with immediate effect. Klein's last posting was cargo sales man...
GAC Bunker Fuels relocates HQ from London to Dubai GAC Bunker Fuels will relocate the headquarters of its global bunker fuel services from London to Dubai (UAE) under the new company name, GAC Bunker Fuels Ltd, in August 2012. The ...
Geodis set to take over Sernam The commercial court in Paris has approved SNCF-owned Geodis' partial takeover offer for embattled parcel delivery operator Sernam, which is in administration. According to a media...
IAG Cargo to market Vueling hold space IAG Cargo, through its brand Iberia Cargo, has signed an agreement with Vueling, the Barcelona (Spain)-based low-cost airline, to market its cargo hold space. Within the agreement,...
Dachser boosts 2011 turnover by 13% Dachser, an international logistics service provider based in Germany, reported double digit growth and raised the group's revenues by 13% to EUR 4.3 billion in 2011. The company p...
WWL on track to reduce relative CO2 emissions by 30% by 2015 Wallenius Wilhelmsen Logistics (WWL), the global shipping and logistics company, is on track to reduce its relative green house gas emissions by 30% by 2015, compared to a 2005 bas...
Svitzer settles with Liverpool crews Threat of strike next week now lifted
DFDS issues corporate bond on Oslo Stock Exchange Move aims to diversify ferry operator's loan portfolio
KfW plans $2bn in shipping loans this year Other lenders predict cash will remain tight
Has shipping learned its lesson? CMA commodores lament overordering and say smart operators will invest in training
California dreaming LA and Long Beach makeovers prove that busy ports can be glamorous ports
VLCC rates rally highlights two-tier charter market Charterers' preference for newer tonnage offers 'good value' to owners of modern ships
Shipping to benefit from macroeconomic stability BIMCO 'cautiously optimistic' on higher global growth
Dean Taylor to retire from Tidewater helm Will continue as chairman at offshore supply major
Box volume growth in US and China points to transpacific recovery New figures show double-digit growth at Long Beach and LA
'Big three' report 22m tonne drop in first quarter iron ore output Falling production explains plunging capesize rates
Daily Maersk to extend after shippers respond positively Danish line admits past mistakes and vows to listen to its customers
Sub-panamax boxship chartering markets remain depressed Overcapacity caps rates gains but size sector could see shift in interest from more expensive panamax vessels
German forces to join Atalanta anti-piracy drive Decision allows air attacks on shore-based Somali targets
Arrested NewLead kamsarmax to be sold in South Africa Newlead Gujarat to be auctioned at Durban on May 3
La Monte to head Heidmar Heilmann becomes executive vice-president after board reshuffle
Scandlines ro-pax deliveries delayed Ferry operator cites 'challenges' at yards
Simplicity the key to index-linked contracts as interest grows Maersk Line reveals that it has signed six such contracts with key accounts
Singapore sling Singapore is nipping at the heels of Shanghai once again
Coscol's operating profits collapse in the first quarter Increased expenses more than offset rising revenue
Guardcon creates essential standardisation Reference to "regulatory verbiage" does not recognise the difficulties faced by insurers and clubs dealing with large numbers of poorly drafted and inadequate contracts
Waiting in vain Developing nations must prepare oil spill response now
IG airs sanctions fears States face paying out for oil spills if insurance ban goes ahead
China CSSC issues first-quarter profit warning State-owned yard expects 65% fall in net profit on year
Ust-Luga box terminal ready for transfers to rail freight ULCT managers plan to send up to 30% of container traffic by block trains
Stevedore JSC gets a 42% lift in St Petersburg volumes Milder winter boosts 2012 first quarter figures
China Rongsheng to deliver up to 10 valemaxes this year Chinese yard denies media report of delays
Eurotunnel revenues rise by a fifth Demise of SeaFrance boosts cross-Channel freight demand
TEN launches follow-on issue Share sale earmarked for LNG expansion
Teekay LNG Partners completes bond issue Company raises capital for 'general partnership purposes'
Sanko sells two largest ice-class 1A bulk vessels Nordic Bulk Carriers to use tonnage on Northern Sea Route
Top seeks $100M FOR the second time in two years, NASDAQ-listed Top Ships is hoping to raise $100M via equity sales
India's shipbuilding industry to reach $1.8bn by 2015 INDIA'S shipbuilding and ship repair industry is growing at a compounded annual growth rate of about 8% and will reach Rs92Bn ($1.8Bn) by 2015, according to a study released by Associated Chambers of Commerce and Industry of India (ASSOCHAM)
Eurogate's profits catching up GERMANY's leading container terminal group Eurogate increased its profits by 26.6% in 2011, but is still a far cry from its record results of 2008
TEN plots share sale NYSE-listed Tsakos Energy Navigation plans to sell 10M shares to fund growth initiatives, including its LNG expansion
China's iron ore imports could hit 1Bn tonnes in 2020 CHINA'S annual iron ore imports could hit 1Bn tonnes in 2020, said an NYK Line executive today
Mitsubishi boss criticises Japan's government THE boss of Japan's biggest commodity trading house hit out at the country's government for failing to solve the ailing economy
Eurogate sees JWP launch in limbo THE planned commissioning of Germany's deepsea container terminal JadeWeserPort (JWP) in early August could be delayed by several months if construction faults are not quickly addressed
Renewed tanker dip predicted EVERCORE analyst Jon Chappell has warned that tanker rates are likely headed down again before an eventual recovery
GDF Suez LNG looks to India UK-BASED GDF Suez LNG has forayed into India for setting up a floating storage re-gasification unit (FSRU) in Andhra Pradesh on the east coast of the country
"K" Line to focus on growth sectors "K" LINE is shifting some of its focus towards growing segments such as offshore drilling and LNG imports, even as Japanese shipping faces challenges from the high yen and a global tonnage glut
Environment, safety and financial matters in focus ENVIRONMENTAL, safety and financial issues will be the main focus of next week's Singapore Maritime Week
Euronav confirms market revival ANTWERP-based tanker operator Euronav announced a $9.03M deficit in the first quarter of 2012, but said the period had ended strongly with voyage rates reaching break-even level for the first time in a year
Lebanon likely to award FSRU contract LEBANON could be the next country to award a contract to operate a floating storage and regasification unit (FSRU), shipping analysts at Pareto in Oslo say, adding that the contract could be awarded this year or in 2013
House Extends Transport Plan, Triggers Congress Conference The House's passage on Wednesday of a 90-day extension to highway funding will allow members to begin conferencing with the...
Marten Transport Boosts Profit 33 Percent Greater emphasis on regional trucking boosted first quarter revenue and profit at refrigerated trucking and logistics operator Marten Transport, Mondovi,...
Heartland Express Adds Trucks, Revenue Hits $135 Million Productivity gains from an expanding fleet of drivers and tractor-trailers helped truckload carrier Heartland Express outrun higher costs in the...
Bill Would Expand FAA Fatigue Rules to Cargo Pilots Air cargo pilots, not just passenger plane pilots, would be subject to tougher regulation aimed at reducing fatigue in airline...
Analysts: Rates Will Fall Unless New Capacity Is Absorbed Although the general rate increases of the last two months in the Asia-Europe and trans-Pacific trade lanes are being accepted...
Seattle Container Traffic Rebounds Containerized imports at the Port of Seattle increased 5 percent in March over the same month last year. Exports were...
Cathay Pacific to Expand India-Hong Kong Freight Services Cathay Pacific Airways will launch a new twice-weekly freighter service to Hyderabad, India's fourth most populous city and a centre...
SIA Cargo to Expand Coverage After Cuts Singapore Airlines Cargo will boost its Asia Pacific coverage after agreeing to manage the bellyhold capacity of Scoot, a new...
FedEx Negotiating Purchase of French Express Carrier Tatex FedEx Corp said it is in negotiations over a "potential plan" to buy French express shipping company Tatex as it...
Eurotunnel Revenue Grows 21 Percent Groupe Eurotunnel's revenue grew 21 percent in the first quarter to $292 million, driven by a surge truck shuttles through...
Mexico-US Poultry Talks Collapse Behind the scenes negotiations to settle a poultry anti-dumping case filed by Mexican producers against their U.S. counterparts have collapsed,...
Kobe Container Trade Rose 3.9 Percent in 2011 The number of foreign trade containers handled by the Port of Kobe in western Japan rose 3.9 percent in 2011...
Container, Breakbulk Volumes Surge at Tacoma Containerized imports through the Port of Tacoma surged 14.6 percent and exports jumped 10.4 percent year-over-year in March, as Pacific...
Trans-Pacific Spot Rates Jump 20 Percent Trans-Pacific spot rates jumped 19.9 percent this week, according to the Drewry Hong Kong-Los Angeles Container Rate Benchmark, an indication...
US bellwether ports rebound After year-on-year declines in February - largely blamed on the early falling of the Chinese New Year - the San Pedro Bay ports of Los Angeles and Long Beach both ...
Maersk looking to roll-out 'daily' concept on other trades Maersk Line is looking to develop its 'Daily Maersk' Asia-Europe service concept across many more tradelanes, Lucas Vos, the carrier's chief commercial officer, ...
Container shipping industry should 'embrace' index-linked contracts
Siemens wants reliability and predictability Robert Gora, corporate vice president global category management logistics, at the German-based industrial, energy and healthcare group Siemens, is happy to give ...
Executives urge: build reliability into contracts Schedule reliability has improved - but it needs to be built into contracts between carriers and shippers to ensure long-term integrity. Furthermore, there should ...
UASC secures further USD150 million Dubai-based United Arab Shipping Co (UASC) has secured another USD150 million in funding, this time through a package that includes a seven-year senior term loan ...
Big shoes to fill at Esplanaden If Malcom McLean was regarded as the 'father' of the container industry then Maersk Mc-Kinney Moller was the visionary entrepreneur that drove the concept into ...
Global liner conference: 'more and more consolidation'
Top tips on shelf update Investors spank Greek owner with 15% drop after it freshens up $100m securities registration.
Market punishes TEN raise Tanker owner's shares slide below $7 as investors react to follow-on sale of 10m shares.
Evergreen feeds Indonesia Taiwanese container line launching new run linking Sumatra to Malaysia.
Tidewater CEO steps down Dean Taylor to vacate hot seat at US offshore giant after 10 years.
Forger fined for fraud UK court hears how seafarer obtained captain's certificate by falsely claiming time served on anchor-handlers.
Heidmar fills top job US tanker pool player promotes Marc La Monte to take over from veteran Tim Brennan.
Rongsheng scorns VLOC talk Chinese shipbuilder says a report that Vale has refused delivery of three very large ore carriers is "inaccurate and unfounded".
NCSP pulls Novoship deal Russian ports group kills purchase of two sites at Novorossiysk from tanker owner.
Deliveries bedevil Pac Basin Bulker owner bemoans continued influx of new vessels as it predicts 2012 will be weaker than last year.
Awilco nets Wilphoenix deal Aberdeen-based explorer to pocket at least $148m for semi-submersible charter.
Rotterdam beefs up volumes First quarter growth better than expected at giant Dutch port, despite bulk cargo numbers dropping.
Arms "not bound for Syria" UPDATED: Bockstiegel vessel's charterer claims "munitions" on board intended for Turkey and Montenegro, not Assad regime.
Crude falls after report shows supply glut 'Even though we are going into the driving season, there is still plenty of oil to be held in storage.'
North European ports see weak demand Loading stopped in Piraeus due to bad weather.
Middle East prices lack clear direction Quiet market in Suez with few enquiries.
Industry veteran sets up bunker consulting firm Former IBIA executive Ivar Tonnesen has over two decades of experience as a bunker buyer.
Market forces driving efficiency ahead of regulations Expectations that 'high-consumption older tonnage' will be scrapped earlier than usual due to market conditions.
Asian bunker prices mixed mid-week Demand below average across key Asian ports on Wednesday.
'No real recovery' for box shipping in 2012 Hamburg Sud does not anticipate a 'sustainable turnaround' in the industry this year.
Canadian firm offers $2.8 billion for Statoil Fuel & Retail Transaction will free up oil major Statoil's capital, streamlines its portfolio, says CFO.
Andatee faces 'a number' of class action lawsuits Lawsuits, which relate to its CEO proposed buyout, also target certain of its officers and directors.
Finnish ship tech developer expands into Asia Move in line with corporate strategy to provide ship owners and operators with technology to save fuel and improve environmental performance.
East China fuel oil imports to fall in April Fuel oil imports expected to decline 53% on tepid demand from local importers.
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