Rhenus Midgard Wilhelmshaven: first fully laden capesizer in German seaport 16. November 2012 The "Navios Pollux" recently became the first fully laden capesize vessel to call at the extended Rhenus Midgard quay in Wilhelmshaven (Germany). The Panama-flagged ship, carrying ...
New president for European Federation of Inland Ports The members of the European Federation of Inland Ports (EFIP), who recently gathered for the trade body's general assembly in Vienna, elected a new president - Jean-Louis Jérôme, C...
RJ ends decades-long Oman service After nearly 40 years of service, Royal Jordanian (RJ) decided to suspend its currently four-times weekly operations between Amman and Muscat (Oman), as of tomorrow (17 November 20...
Etihad Cargo expands into West Africa Etihad Cargo, a division of UAE-based Etihad Airways, has reintroduced a weekly freighter service from Abu Dhabi to the Nigerian city of Lagos, using a Boeing 747-400F freighter, w...
U.S. Xpress expands Mexican footprint and service offerings U.S. Xpress Enterprises Inc, a leading provider of transportation services throughout North America, will significantly expand its presence and range of US/Mexican cross-border ser...
Fuso and Nissan collaborating with light truck sales Mitsubishi Fuso Truck and Bus and Nissan Motor Co have signed an agreement covering a long-term cooperation on the reciprocal supply of light-duty trucks in Japan. Beginning in Jan...
AA first ever US carrier to offer direct USA to Paraguay service Today (16 November 2012) American Airlines (AA) will begin a non-stop service four times per week from Asuncion (Paraguay) to Miami FL (USA), making AA the first ever US carrier to...
Nicolini keeps the helm of Assoferr Logtainer CEO Guido Nicolini has been unanimously re-elected president of Italy's Association of Railway and Intermodal Operators (Assoferr), which he will lead in the next two yea...
Two new managing directors for LUG aircargo handling GmbH from 2013 The German service provider LUG aircargo handling has announced that Patrik Tschirch and Lutz Schmidt will both become managing directors of the company, effective 1 January 2013. ...
Gotthard line closed yet again for several days The Gotthard rail link through the Swiss Alps has had to be closed yet again due to a new rockslide near Gurtnellen. According to the country's national railway SBB, the route is e...
Asstra opens office in Czechia The international transport and logistics service provider Asstra has reinforced its presence in Europe. This month (November), the company announced that it has opened a new offic...
Dachser expands network in South Africa Dachser South Africa, a national subsidiary of the Germany-based global service provider Dachser, recently opened a new branch office in Port Elizabeth. The move enlarges the natio...
France launches third rail motorway project The French minister of transport, Frédéric Cuvillier, has launched the country's third rail motorway project. The planned new Atlantic Rail Motorway (Autoroute Ferroviaire de l'Axe...
Pacific box lines delay rate increase Two-week hold on rate hike
APM Terminals pushes ahead with Nigeria project Badagry outside Lagos will handle domestic and regional transhipment cargoes
Carnival pays its shareholders a pre-Christmas windfall Special dividend of $0.50 per share makes up for earlier austerity
Sanko saga reveals changing face of Japanese bankruptcy protection Shipowner presses on with rehabilitation drive as the country's economy stalls
It's Gaga: flag states offer rival definitions of who is a seafarer As MLC looms, disputed terms spell confusion for cruise companies
BP still faces huge Deepwater Horizon bills despite $4.5bn penalty Experts say oil major could have to pay much more to settle outstanding civil cases
Money for old boats Far-flung, impoverished island communities are forced to compromise on ferry safety
Fall in Middle East VLCC supply will support new rate growth DNB Markets expects prices to double to $40,000 per day
McNelis named TBS chief executive Management emphasises post-bankruptcy continuity after departure of co-founder Joseph Royce
Get in quick Prices for newbuildings may be about to turn upwards
Le Havre chooses Odfjell Terminals for liquid bulk storage project Study planned for first-phase storage capacity of 150,000 cu m-200,000 cu m
Janholt to retire from J Lauritzen Exclusive interview: President steps down in February after 28 years with Danish owner
Austere new world Business lending must revive, but shipowners will not credit as freely as they did
Japan shells out $50m per day for extra LNG imports Demand growth strengthens Tokyo's need to cut costs
Capesize rates hold steady Good, if not spectacular, demand bodes well for next week
Outlook improves for Boskalis profits Group 'in no rush' to sell marine civil infrastructure firm Archirodon
P&I clubs must pay out $9m before group reinsurance kicks in IG raises individual club retention for first time since the 2010 policy year
Who is liable if lethal force is wrongly used? Enrica Lexie case highlights questions that owners and security firms must clarify
Booth parts company with Deutsche Shipping Sources claim financier clashed with global co-head Bedranowsky
Ross and Diamond S brace for fall-out from 'shaky credit' counterparty OSG Distressed asset legend shrugs off fears and criticism, as market laments 'sad day'
OSG's Chapter 11 move centres on missed SEC deadline tax issue Details emerge as latest shipping bankruptcy drama launches in Delaware
BV's Anne predicts upturn in yard prices Newly retired class society marine director says demand has now hit bottom
Two sought after oil rig blast off Louisiana SEARCHERS were reported today to be looking for two rig workers missing since their facility exploded today off Louisiana
Chemoil triples 3Q profits SINGAPORE-listed Chemoil said today it tripled its 3Q profits on a 26% year on year rise in bunker sales volumes
Singapore tightens standards on bunker quality SINGAPORE, the world's leading bunkering port, has amended its standards to improve fuel quality
IG raises club retention cost - again P&I CLUBS were told today by the International Group that the levy for individual club retention will be raised to $9M
Scheme bundles container ship companies DUTCH container feeder specialist JR Shipping is about to merge 11 one-box-ship companies to secure refinancing from HSH Nordbank
Transocean wins back award DRILL shipowner Transocean has won an appeals court ruling reinstating a $15M jury award against rival Maersk Drilling USA
Southern Cross deal for Ultrapetrol lauded THIS WEEK'S majority purchase of Ultrapetrol by Southern Cross attracted a "great deal" assessment at the Marine Money conference in New York
Court papers explain OSG bankruptcy timing OSG SOUGHT Chapter 11 protection on 14 November because a missed SEC deadline would have triggered default, bankruptcy court documents confirm
VLCCs extend gains on low vessel count SPOT RATES for VLCCs are continuing their recent rise, and a low vessel count in the Gulf bodes well for further gains
Prison urged in collision A PROSECUTOR has called for prison sentences of 4-5 years in the fatal collision of a Turkish general cargo ship with a French fishing vessel
Antarctic ship hits reef COOL WORK by rescuers has saved nearly 100 passengers on a grounded Antarctic research ship
TORM issues warning on profits TORM issued a profit warning today deepen its 2012 losses by up to $180M
Aegean turns losses to profits BUNKER supplier Aegean Marine Petroleum Network posted net profits of $8.7M in 3Q12 amid challenging market conditions
GPA Opens Expanded Intermodal Facility Georgia Ports Authority opened its expanded Mason Intermodal Container Transfer Facility at a ribbon-cutting ceremony in Savannah today. Curtis Foltz, GPA's executive director, said the $6.5 million, 6,000-foot railyard extension will increase capacity, improve efficiencies and reduce costs for customers. Previously, trains entered the Mason ICTF from the east and exited toward...
UPS Hikes Rates for 2013 UPS today published new rates for 2013, including an average net increase of 4.5 percent for all air and U.S. origin international services, and 4.9 percent on ground services, effective Dec. 31. The air and international services rate increases are based on a 6.5 percent average increase in the base rate,...
Business Sales Show Fastest Growth Since March 2011 U.S. business inventories in September increased 0.7 percent from August to a seasonally adjusted $1.61 trillion, according to the U.S. Census Bureau. Business sales increased 1.4 percent, the fastest rate of growth since March 2011, to a record $1.26 trillion. Retail inventories excluding the auto sector were unchanged from September. Manufacturing inventories also...
DHL Offers Two New Carbon Reporting Services DHL recently expanded its GOGREEN environmental services with the addition of two new carbon reporting services, Carbon Estimate and Carbon Footprint, for U.S. importers and exporters. Carbon Estimate is a forecast service that provides customers with an estimate of their CO2 footprint for the most recent three month time period, based...
Boskalis Raises Profit Outlook for Second Half of 2012 Marine services and dredging group Royal Boskalis Westminster reported revenue and profit in the third quarter were higher than levels in the first half of 2012. The Dutch firm revised its outlook. It expects its profit to be around 230 to 245 million euros (about US $293 to $312 million) in...
Canadian Pacific Donates $1 Million to Hurricane Sandy Relief Canadian Pacific (TSX:CP)(NYSE:CP) announced today it will donate $1M to assist with Hurricane Sandy relief efforts. The donation will include $250,000 to the American Red Cross; $250,000 to the Mayor's Fund to Advance New York City; and $250,000 to New Jersey Governor Christie's Hurricane Sandy New Jersey Relief Fund. "On behalf...
EU Rules Changes Could Hit Caribbean Rum Exports Changes in European Union trade rules could cause Caribbean countries to lose up to 10 million euros (approximately $12.7 million) by the end of the decade from falling rum revenues, according to the Overseas Development Institute, a UK think tank on international development issues. New research produced for the Commonwealth Secretariat showed...
Nicaragua Receives $39.2 Million Loan to Improve Road Transportation Nicaragua was recently approved for a $39.2 million loan by the Inter-American Development Bank to improve the efficiency and safety of its transportation system. The money is intended to help reduce vehicle operating costs and accident rates, increase travel speeds, conduct environmental studies, maintain roads and promote safety. A major component includes...
Dachser Opens Fourth Office in South Africa Germany-based logistics provider Dachser recently opened a branch in Port Elizabeth in the Eastern Cape Province of South Africa, the company's fourth South African office. The Port Elizabeth opening was driven by expanding opportunities in the province ever since the inception of the Port of Ngqura, which is 12 miles northeast...
Chassis Shortage Clogs NY-NJ Port Hurricane damage to chassis has created equipment shortages that are hitting truckers with hours-long delays and demurrage costs at Port of New York and New Jersey marine terminals. "It's an absolute disaster," said Tom Heimgartner, president of Best Transportation in Port Newark. Other port drayage operators also expressed frustration at chassis...
IATA Urges Investment in Aviation Infrastructure for Latin America The International Air Transport Association urged stakeholders in the Latin American and Caribbean region to work together for safer and more efficient air transportation at the Latin American and Caribbean Air Transport Association Airline Leaders Conference in Panama on Nov. 15. IATA joined ATLA, Airports Council International and the Civil Air...
IECEE Welcomes Kazakhstan as Newest Member Valery Koreshkov, EEC minister for technical regulation, and Pierre de Ruvo, IECEE executive secretary and COO. The IEC System of Conformity Assessment Schemes for Electrotechnical Equipment and Components, which provides conformity testing and certification for the safety and performance of electronic products, recently welcomed Kazakhstan as its newest member country. Kazakhstan's membership...
Descartes Unveils Product Innovations at Global User & Partner Conference FT. LAUDERDALE, Fla. - Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, unveiled key product advances at its Evolution 2012 Global User and Partner Conference that are designed to help Descartes' customers improve their productivity and performance. The advances announced enhance Descartes' Routing, Mobile...
DIRECTV Signs Four-Year Contract Renewal With Kuehne + Nagel to Manage Logistics Operations in the U.S. JERSEY CITY, N.J. - DIRECTV has awarded a new 4-year contract to Kuehne + Nagel to manage its U.S. warehousing operations and inbound international transportation. This contract is both a renewal and expansion of the existing 6-year strategic relationship. Two additional distribution centers will be opened in Illinois and Texas...
Crew of Crowley-Managed Ocean Titan Awarded for Heroism at Sea with 2012 AOTOS Mariners' Plaque Accepting the AOTOS Mariners' Plaque on behalf of the officers and crew of the M/V Ocean Titan was Captain Christopher Hill (second from right). Accepting the Mariners' Plaque on behalf of the officers and crew of the USNS 1st LT Baldomero Lopez was AMO National EVP Robert Kiefer. With them...
FedEx Trade Networks Named 2012 HP Supplier of the Year MEMPHIS, Tenn. - FedEx Trade Networks, the freight forwarding arm of global shipping giant FedEx Corp. (NYSE: FDX), was named 2012 Global Logistics Supplier of the Year by HP for its innovative freight forwarding solutions and collaborative approach to customer service. The prestigious award was presented to FedEx Trade Networks...
WISTA UAE - DP World Event on Sunday 18 November, 2012 WISTA (Women's International Shipping & Trading Association) UAE regularly organises motivating yet unique events for its members in venues not open to the public; on a ship, in an engine room, in a port or even a drydock with great speakers and networking opportunities for the ladies in the shipping...
Con-way Truckload Recognized for Superior Performance by United Sugars Corporation JOPLIN, Mo. - Con-way Truckload, a full truckload carrier and subsidiary of Con-way Inc. (NYSE: CNW), today announced it was recently honored with the 2012 Service in Excellence Award from United Sugars Corporation, the leading marketer of industrial sugar in North America. Con-way Truckload received the award for providing superior...
States, Feds on Regulatory Collision Course With the U.S. presidential election over, let the hand-wringing begin. Between now and January ' less, considering the upcoming holiday breaks ' what will a lame-duck Congress accomplish on the numerous and important issues facing it: sequestration/budget cuts, entitlements, the debt ceiling, tax rates, Hurricane Sandy relief, appropriation bills, infrastructure...
U.S. Xpress Seals $358 Million Credit Deal U.S. Xpress Enterprises extended its credit facilities by securing a $385 million credit deal that increases its total available funds, the trucking operator said Thursday. The refinanced credit structure includes a $190 million loan, a $155 million accounts receivable securitization and a $40 million revolving line of credit. The refinancing increases total...
Florida man takes a dozen containers and turns them into a hi-tech home Shipping containers are designed to withstand high winds, salt water and be sturdy. One man in Gainesville, Florida, in the US, decided these qualities added up ...
K+N renews DIRECTV deal DIRECTV has awarded a new four-year contract to Kuehne + Nagel (K+N) to manage its US warehousing operations and inbound international transport, extending and ...
Top two box ports still ahead The first and second-ranked container ports by volume both enjoyed year-over-year increases in throughput in October suggesting that a combination of new markets ...
EU spending will modernise ports, and stimulate shortsea trades Proposed European Union infrastructure spending of EUR50 (USD63.8) billion will directly affect the continent's shipping, according to European Commissioner for ...
US reports 5% drop in inbound box volumes for October US inbound container volumes for October fell 4.8% to 1.4 million TEU compared to the same month in 2011 and are 6.8% lower than volumes for September 2012.Latest ...
NYK Europe executive receives honorary degree The chief operating officer of NYK Group Europe, Svein Steimler, is to receive an honorary degree from Southampton Solent University for his 'outstanding accomplishments ...
Top gun talks turkey If you have money in the bank and are willing roll the dice while riding out the downturn it may be the right time to pick up tonnage, according to Urs Dur of Clarkson Capital Markets.
Savings shocker DNB Markets believes in the benefits of fuel efficient designs but one of its equity analysts is surprised by the high level of savings that some shipowners have reported.
Fools rush in A team of top US bankruptcy attorneys is urging struggling shipowners to consider Chapter 11 a last resort when determining how best to tackle financial turmoil.
NITC's name roulette What have a safe, a panda and a carnation got in common?
Dof seals more wins Dof Subsea has added another batch of fresh contracts in far flung corners of the world.
Krasnoye profit leaps Russian shipyard Krasnoye Sormovo has pushed up profit on soaring revenue in 2012.
Navios buys bulker? Angeliki Frangou is being linked with the purchase of a panamax bulker from Japan's Mitsubishi Corp.
SwissMarine takes two SwissMarine has stepped back into the capesize period market for a couple of vessels today.
Mercator turned down A Sri Lankan court has turned down Mercator Lines' injunction bid against Ceylon Shipping Corp (CSC) in a coal transport row.
Transpetro gives go ahead Brazil's Transpetro has given compatriot shipyard Estaleiro Atlantico Sul (EAS) the green light to build four more tankers after Samsung Heavy Industries agreed to collaborate on their construction.
Wightlink under fire UK ferry group Wightlink has come under pressure from customers after deciding to cut night sailings to the Isle of Wight.
Bulk to burden DryShips DryShips' increasing exposure to the battered dry-cargo spot market has led Global Hunter Securities to cut its rating on the Nasdaq-listed owner.
Odfjell builds in France Odfjell and private equity partner Lindsay Goldberg have won a race to develop a greenfield facility in France.
Tallink forges ahead Reduced financial costs have allowed Estonian ro-ro owner Tallink to boost its third quarter profit.
Seadrill hooks Songa rig John Fredriksen's Seadrill has confirmed the purchase of a semi-submersible rig from Arne Blystad's Songa Offshore.
Cash or keys, please DVB Bank is sticking with its no-nonsense approach to troubled loans and borrowers in breach, according to Dagfinn Lunde.
Torm to lose half a billion Torm will sink to a loss of at least $500m this year as the cost of a financial overhaul sends it bottom line deeper into the red.
Polfoss refloated A tug has pulled an Eimskip reefer free from a Norwegian beach after it went aground on Friday morning.
Maybulk chips in Malaysian Bulk Carriers (Maybulk) has agreed to subscribe to a major fundraiser by a part owned offshore vessel owner.
VLs in spring rerun A spike in VLCC rates could take earnings back above $40,000 daily before owners pull the market back down, a leading analyst says.
Kids rescued Japanese school children have been rescued from a grounded passengership off Yamaguchi.
Pappadakis eyes 'eco' A leading Greek tycoon is looking to break back into shipowning after a brief hiatus in which he devoted much of this time to the International Association of Dry Cargo Shipowners (Intercargo) and other charitable causes.
Dencker Nielsen in comeback TradeWinds digests the digits making the headlines this week.
Solstad CSV stays put A Solstad construction support vessel will spend another year working in Mexico.
Shipping in focus It is time once more to get out your camera for the TradeWinds' Maritime Photographer of the Year competition.
Janholt calls it a day J Lauritzen president and CEO Torben Janholt is stepping down after 28 years with the Danish group.
QGOG makes it three Brazil's QGOG Constellation has declared an option for another drillship at Samsung in Korea.
Shen Neng master fined The captain of a Chinese bulker that caused "unprecedented" damage to the Great Barrier Reef has been ordered to pay an AUD 25,000 ($25,850) fine.
No regrets? We take a look at what was said in the market over the past week.
Private equity pledge Intermarine expects to continue its fleet expansion campaign when the ink dries on its merger with Scan-Trans Holdings of Denmark in a drive backed by its largest shareholder.
Secondhand makes sense Safe Bulkers has described its recent acquisition of a modern secondhand panamax bulker as "opportunistic".
Ross ready to talk Wilbur Ross may have the Midas touch but his shipping empire is not immune to the market downturn.
McNelis takes TBS reins Gregg McNelis has been named as the new chief executive of tweendecker and bulker specialist TBS Shipping.
Jurgen Salamon passes away Jurgen Salamon, managing partner of the Dr Peters group, has died of a suspected heart attack. He was 65.
PACD ties up Khamsin Pacific Drilling has fixed the fifth of its seven drillships on a potential three year charter to Chevron.
ISH pulls fund raiser International Shipholding Corporation (ISH) has pulled a share offering blaming volatile stock markets for the decision.
Panamax makes shippers widen thinking Major shippers are incorporating the Panama Canal route into their near-term business plans, East Coast ports are expanding their infrastructure to meet future demand, and we are now close enough to envision what the route's capacity will be once the canal expansion is complete in early 2015...
Bunker prices end week on uncertain note Avails for 1% LSFO were tight on the US Gulf, according to a local player.
NOAA funds projects to investigate impact of chemical dispersants Funded projects awarded to the University of Maryland Centre for Environmental Science, SEA Consulting Group and Research Planning.
Study will look at LNG as a fuel for containerships Joint project will take three years.
Bunker prices drop in Fujairah Marine fuel prices falling across regional bunker hubs.
Prices soften in Rotterdam but firm in Gibraltar Prices moving up in northern European ports but margins remain tight.
Eco orders could put off product tanker revival 'For the rates to pick up we need less ships not more,' says Stealthgas CEO.
Fuel costs climbing for Baltic operator But Tallink's profits still show year-on-year growth.
Japan reports climb in bunker sales September volumes up 13.5% year-on-year
Ferries and local business fight sulphur regulations Shipping's plea to delay 0.10% sulphur rule is heard by local business.
China's bunker sales fall month-on-month Plans to allow more suppliers still under discussion.
Low used-ship values 'beat eco tonnage' for short term investment Secondhand ships top the 'to buy' list.
Chemoil seeks to wind up Singapore bunker firm 'Sufficient evidence' provided to the court that Trio Energy is unable to pay its debt, it says.
Bunker prices lack direction Prices moving in different direction across key Asian ports on Friday.
Chinese bunker supplier engages new accounting firm Previous auditors ceased services due to 'changes in the marketplace'.
Investment bank continues to 'favour' Aegean Aegean's current share price 'too low', says Dahlman Rose.
Torm ups full year loss forecasts Full year loss to include net loss of $150 million related to time charter agreements cancellations.
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