No segmented approach over Lake of Geneva Switzerland's Federal Office of Civil Aviation (FOCA) has said that it is opposed to a segmented approach over the Lake of Geneva to the city's airport. According to FOCA, this app...
US airports call for national aviation policy The Airports Council International-North America (ACI-NA) board of directors has unanimously approved a resolution which calls upon the US government to create a national aviation ...
Saudi Airlines Cargo to serve nine new destinations in West Africa Saudi Airlines Cargo is to provide access to nine additional destinations in West Africa via its hub in Lagos (Nigeria). With a daily B747 freighter to Lagos and...
Italy's Fedespedi reshuffled board Piero Lazzeri has been re-elected president of Fedespedi, the Italian federation of the freight forwarding companies, for another three years. The board, re-elected at the general ...
Jim Ethier from Bush Brothers elected to Kenco board of directors Kenco, a provider of distribution and fulfilment, transportation services and intelligent information technology based in Tennessee (USA), announced that Jim Ethier has been electe...
EVR Cargo's separation from Estonian Railways completed A court in the Republic of Estonia recently endorsed the separation of Estonian Railways Ltd (EVR). As a result, its freight subsidiary AS EVR Cargo has become an independent compa...
Joe Bento appointed chief sales officer for Seko Logistics Seko Logistics, a provider of supply-chain solutions, as well as comprehensive transportation, logistics and IT solutions, has appointed Joe Bento to its executive management team ...
Geodis Calberson expands infrastructure in UK The parcel and logistics company Geodis Calberson, part of the French logistics operator SNCF Geodis, has recently expanded its infrastructure in the UK as part of a five-year exp...
Ale and Roll-Lift: heavylift JV in Canada The global heavylift and transportation providers Ale and Roll-Lift recently formed a joint venture called Ale Roll-Lift Canada, based in Edmonton, Alberta. The new venture will br...
Sparks Commercial Services' first ATF lane in UK now open for business The Renault Trucks dealer Sparks Commercial Services Ltd has opened its newly built VOSA-approved authorised testing facility (ATF) at its Portsmouth site. The new ATF test station...
Volvo Trucks expanding in Russia The Swedish company Volvo Trucks is investing SEK 783 million (EUR 91 million) in a new facility in Kaluga to expand its presence in the premium heavy trucks segment in Russia. Vol...
DB Schenker Rail diverts 1,800 trains from the Alpine transit route The German service provider DB Schenker Rail reported that the planned five-week total closure of the Brenner Pass railway for freight traffic to Italy did not cause any problems f...
ICTSI Poland handles wind farm components Baltic Container Terminal (BCT), the Polish subsidiary of International Container Terminal Services Inc (ICTSI), recently handled it...
Proper regulation of UK pilotage is long overdue A controversial bill gets its second reading next month
Busy European spot market fails to lift aframax rates Surplus tonnage outweighs effects of increased cargo demand
When is a payment guarantee actually a demand bond? When dealing with guarantees in shipbuilding projects, it is crucial to record intentions in the clearest possible language
Q&A: Skuld Syndicate 1897 active underwriter Bernt Hellman Most sectors of the insurance industry 'are fundamentally underpriced'
The simple success of a Chinese ship lessor Grown from scratch, Minsheng Financial Leasing has topped the shipping leasing market in China with an ambition to go overseas
China's slowdown and the intra-Asia trades Demand in the world's sturdiest trade lanes is changing as the regional giant's export growth slows
Piracy activity picks up but vessels held halves in August Tankers and bulk carriers still most at risk, shows Clarksons data
Frontline quits Orion suezmax pool Shock decision leaves Nordic American in full charge of venture
Industry confidence dips back to all-time low Moore Stephens reveals growing concern about overtonnaging and economic downturn
Taking the fight to the pirates We need a global response to tackle a diverse, evolving and widespread crime
Exclusive: US complaint behind car carrier antitrust probe Collusion between Japanese lines and customers alleged
Boiling over In troubled times, nations use trade as a weapon
No rise in sight Brokers say overcapacity will defeat rate increases
Chevron takes two more Maran VLCCs Builds on a relationship already encompassing eight tankers under bareboat
Exclusive: Dosco confirms appetite for 10 VLCCs Will the tanker market be flooded with Cosco ships built by Cosco yards?
Growth in seaborne trade robust but not spread evenly in rebound International Transport Forum report finds a two-speed recovery with developing nations faring better
Hong Kong offers low-sulphur fuel incentive Scheme extends 50% cut in port and light dues to ships burning cleaner bunkers
OECD spells out link between jobs creation and cargo throughput Detailed report comes as European Commission prepares for conference on unlocking growth
Cosco Pacific volumes rise 8.4% August sees the company's largest box throughput climb at Qingdao
Global Ports shares are a buy, says research house Rating is 'a bet on long-term structural growth in the domestic container segment'
Cruiseship calls dropped over Muslim unrest Operators give North Africa a miss after film protests
Two Classic International vessels arrested in Marseilles French reports cite unpaid bunker and salary bills
Downside risk looms for container lines, Alphaliner warns Weak late summer freight rates could hurl carriers back into the red
Exclusive: Munich Re voices doubts over anti-piracy measures Emerging problem off West Africa brings different challenges, says shipping expert
Hong Kong box volumes drop 9.2% August data highlights slowdown in China but continued growth in Singapore
From Pussy Riot to Privalov Sovcomflot has taken the unusual step of publicly calling for leniency for somebody guilty of ripping it off for a lot of money.
Fight brews over Ross bid OPPOSITION has arisen to an offer by Wilbur Ross to buy an additional 34% stake in LPG operator Navigator Holdings from the Lehman Brothers bankruptcy estate
French arrest cruise ships TWO CRUISE ships and their crews were stranded today in Marseilles after having been arrested last week because of debts that are allegedly unpaid
Liner earnings struggle seen stretching out MANY BOX liners will be struggling for positive operating income this year, as freight rates continue to weaken since their Q2 spike, an analyst warned today
Paragon plots reverse split MICHAEL Bodouroglou-led Paragon Shipping is planning a 1-for-10 reverse stock split to save its NYSE listing, according to a recent SEC filing
Greeks hold 120 held in people smuggling GREEK authorities are today holding 120 people in connection with people smuggling attempts over the past week
Bangladeshi breakers rebound to 206 ships BREAKERS in Bangladesh have reportedly dismantled 206 ships in the first nine months of 2012, the highest number in the past two years of turmoil in the sector
Gibson sees demand as tanker sector pivot GROWTH is likely to slow again for both the crude and product tanker fleets up to the end of next year, EA Gibson has warned
HPH Trust keeps its 'buy' DBS GROUP Research is maintaining its 'buy' ratings for Singapore-listed Hutchison Port Holdings Trust, citing the group's positive August results
SCF figure sentenced A RUSSIAN judge has sentenced Yury Privalov, the former London manager of Sovcomflot, for an embezzlement conviction
TBS founder Royce quits TBS SHIPPING has confirmed that founder Joe Royce will resign as CEO, effective on 30 September
More effort urged in pirate fight THE ASIAN Shipowners Forum today called on various governments, particularly Benin and Nigeria in West Africa, to take "stronger action" both on shore and at sea to counter piracy and armed robbery
Fortescue wins bank backing FORTESCUE shares jumped to $3.68 today, adding $1.6Bm to the mining giant's value, after two world banks agreed to extend it a $4.5Bn credit lifeline
New York Port Hiring Agent Loses License An administrative law judge has upheld the Waterfront Commission of New York Harbor's decision to revoke a Ports America hiring...
Federal Regulators Close Steak-Hauling Trucker Falsified driver logbooks raised red flags for federal agents conducting a compliance review of a Kansas City, Kan.-based steak-hauling operation...
Nehru Port Scraps Fourth Terminal Bid India's port privatization program suffered a serious blow Monday when the Jawaharlal Nehru Port Authority (Nhava Sheva), the country's largest...
FedEx, UPS to Lift China's Domestic Market Parcel shippers in China won't just get more domestic options through FedEx's and UPS's limited access in the market, but...
'K' Line Forbids Executives From Visiting China "K" Line has stopped its executives from traveling to China as a precautionary measure as protests over a territorial dispute...
Piraeus Container Hub Traffic Surges 53 Percent Piraeus remained Cosco Pacific's top performing container hub in August as traffic surged 53 percent from a year ago and...
Profit Soars 114 Percent at FedEx Freight FedEx Freight increased revenue 5 percent from a year ago to $1.4 billion as shipments rose 4 percent in the...
FedEx Lowers Profit Forecast FedEx cut its fiscal year earnings forecast after more shippers chose slower service amid a slowing global economy, pulling down...
Shipping Industry Confidence Falls Overall confidence levels in all sectors of the shipping industry fell in the three months ended August 2012 to their...
Charleston 'Best Value' for 50-Foot Depth, Exec Says The Panama Canal expansion project scheduled for completion in 2015 will make it imperative that the Southeast has a container...
DHL Invests in Sydney Facility DHL is making a multi-million dollar investment in Australia to boost its forwarding capacity. An investment of AUD$45.8 million...
Strikes Hit Portugal's Ports Portuguese ports face a series of strikes through the second half of September, maritime services provider Inchcape Shipping Services reports....
NJ ILA Local OKs Strike If No Deal Reached An International Longshoremen's Association local in Bayonne, N.J., voted to authorize a strike and send pickets to other ports if...
US Diesel Prices Stay Nearly Flat for Second Straight Week The average cost of diesel in the U.S. stayed nearly flat for the second week in a row, rising three-hundredth...
Imports fall at LA/LB but transpac rates soar by over USD200 Both combined imports and exports at the ports of Los Angeles (LA) and Long Beach (LB) - seen as the barometer of the US economy- for August have dropped compared ...
Portuguese ports hit by strike action as workers protest against austerity cuts Inchcape Shipping Services (ISS) has warned customers to expect cargo delays in Portugal over the next two weeks. A series of strikes at all Portuguese ports is ...
Chinese anti-Japanese protests hitting trade An escalation of the row between Japan and China over the sovereignty of a group of small islands and rocks in the East China Sea has dented shares of multi-national ...
CP redesigning intermodal services to boost US business Rail provider Canadian Pacific (CP) is redesigning its intermodal services - beginning with the streamlining of its east-west transcontinental service, it has told ...
Maersk leads the way on overweight containers In what may prove to be a preview of much greater things to come, Maersk Line intends to start penalising shippers who misdeclare cargo weights in Trieste from ...
AADA pens October rate increase Members of the Asia Australia Discussion Agreement (AADA), which covers the trade between North and East Asia and Australia, are to implement a general rate rise ...
Global supermarkets to ring the tills in India The Indian government has finally pushed through a controversial plan to open its retail doors to supermarket chains such as Tesco, Wal-Mart and Carrefour to enable ...
Textainer strengthens owned component of its fleet Bermuda-headquartered Textainer Group Holdings has increased the owned percentage of its box pool by spending USD66 million on acquiring 52,000TEU from two owners ...
Tankers wait for Trainer Crude carriers working the US Atlantic Coast (USAC) may see a spike in rates when refiners reactivate domestic facilities that had been sidelined due to slim margins, according to Simpson Spence & Young (SSY).
Dosco closes in on mega deal An ever-shrinking vessel count seems to have brought a massive Chinese-sponsored VLCC order closer to reality, brokers say.
Metrostar grabs the mic Greece's Metrostar has no immediate plans of seeking freight-index-linked employment for four containerships under construction at SPP Shipbuilding in South Korea, TradeWinds has learned.
Daiichi plots more disposals Ailing Japanese operator Daiichi Chuo Kisen intends to continue selling assets in a bid to restore cash reserves and its financial health, the company told TradeWinds Tuesday.
Gulf Island inks liftboat Gulf Island Fabrication has agreed a repeat order for a liftboat for a neighbouring customer.
Klein: more failures Blue Star group boss Hermann Klein is predicting German shipping bankruptcies as rates stay low for the next 18 to 30 months.
GLDD hits home run Great Lakes Dredge & Dock of the US has secured a $24.2m contract to perform maintenance dredging in the Port of Baltimore.
Rena fund launched Greece's Costamare and the Swedish Club have established a compensation fund worth up to $27m to pay claims arising from the Rena disaster off New Zealand.
All yours, Herbjorn John Fredriksen's Frontline has pulled the plug on a pool partnership with Nordic American Tankers after less than one year.
Missing from mega-ship A major search and rescue effort was launched off the US after a female passenger disappeared from a Royal Caribbean's mega-ship.
Veteran duo held Two Classic International Cruises (CIC) vessels have been detained in Marseille over unpaid bills.
Ezra sells perps Ezra Holdings is about to become the latest offshore outfit in the Lion City to sell perpetual bonds on the Singapore stock exchange.
Oz cut clouds dry New figures out of Australia have delivered a further piece of bad news for bulker owners.
Master dies in sinking The captain of a Boluda-managed tug has been killed after the vessel capsized at Veracruz, Mexico.
Star bash under scrutiny Bermuda is to investigate how an NCL cruiseship broke free of its moorings during a "squall".
Rangers join the fight Life is about to get a dash tougher for Somali pirates with the news that an elite group of Irish troops is set to join the fight off east Africa.
SCF backs Privalov appeal Russian tanker owner Sovcomflot is standing by jailed ex-employee Yuri Privalov in his appeal against a jail sentence for defrauding the company.
Nordlys: leak blamed The fatal fire on the Hurtigruten ferry Nordlys was caused by a diesel leak, Norwegian accident investigators have found.
Vinashin scraps panamax Vinashin Ocean Shipping has scrapped one of its panamax bulkers which it bought close to the peak of the market.
Giant merger delayed JFE Holdings and IHI Corp have delayed the merger of their shipbuilding operations by a month as they wrangle with overseas regulations.
Yuri Privalov jailed Crooked ex-Sovcomflot London boss Yuri Privalov has been jailed for four and a half years in Russia for swindling the owner out of $67m.
Cargoship death probed UK police have begun an investigation into the unexplained death of a crewman on a German cargoship.
Taizhou tallies bulkers China's Taizhou Kouan shipyard has added to its bulker orderbook with a pair of panamaxes.
Daiichi denies rumours Daiichi Chuo Kisen is denying reports that it has entered the Japanese Alternative Dispute resolution system in response to pressure from creditors.
Royce steps down at TBS Joe Royce has confirmed that he is stepping down as chief executive of TBS Shipping, the tweendecker and bulker owner he founded.
JP Morgan likes Ezion JP Morgan has joined the Ezion bandwagon and published a bullish report on the offshore company.
Hormuz mine warning Commercial shipping has been warned to be vigilant in the Straits of Hormuz during a major naval exercise in the area.
Subsea 7 eyes pair Subsea 7 is said to be looking to order up to two pipelay vessel newbuildings in deals potentially worth $800m.
STX seals scrap deal STX Pan Ocean of South Korea appears to have put pen to paper on a deal to sell its oldest capesize bulker for scrap.
New president at Yang Ming (America) Wenjin Lee has been named president of the Taiwan-based shipping line's North American operations. He was previously senior vice president of equipment management and intermodal at Yang Ming's office in Jersey City, N.J.
Survey finds gathering gloom on waterfront Moore Stephens said overtonnaging was uppermost in the minds of many of the people who took part in its survey, with one noting "the only glimmer of hope is that we are approaching the limit of shipyards' comfort zones."
U.S. inbound container volume falls in August
Koller named CEO of AMI
Burns heads Kenco's materials handling
Maggio leads Saddle Creek's business development
U.S. Xpress starts Web-based education forum
U.S. challenges Chinese auto part export subsidies "Based on publicly available documents, 'export bases' made at least $1 billion in subsidies available to auto and auto-parts exporters in China during the years 2009 through 2011," the Office of the U.S. Trade Representative said.
Washington Notebook: U.S., EU seek public input on coordinating regulations
Navigil aims for intelligent track and trace
TPP countries urged to abandon yarn forward rule A group of U.S. apparel, textile, and footwear importers has called on TPP negotiators to eliminate out-of-date apparel trade rules to promote and sustain apparel value chains that employ millions of American workers.
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