Eritrean Airlines back to Frankfurt Fraport Cargo Services (FCS) takes over cargo handling for Eritrean Airlines. Frankfurt had last been approached by Eritrean Airlines in the summer of 2009; back then FCS had be...
Record results for Deutsche Bahn The German rail service provider Deutsche Bahn raised its turnover to the record level of EUR 37.9 billion in fiscal 2011, an increase of 10.1% or EUR 3.5 billion. The company's tr...
Network Rail awards framework agreements for railway re-signalling The British infrastructure company, Network rail, has awarded framework agreements for re-signalling the railway with ETCS Level 2. Starting in April 2012, the collaborative agreem...
Canada takes next step to reduce harmful HGV emissions The Canadian government is proposing regulations to reduce greenhouse gas emissions from new on-road heavy-duty vehicles and engines, including large pick-up trucks, short/long-hau...
Vanguard appoints general manager airfreight for Southeast Asia Vanguard Logistics Services, located in Sydney (Australia) has promoted Collin Rozario to the position of general manager airfreight - South Pacific and Southeast Asia. This promot...
Garuda Indonesia buys Airbus and casts eyes on Auckland Garuda Indonesia has placed a firm order with Airbus for eleven more A330-300 widebody aircraft. The equipment will join the carrier's fleet between 2013 and 2017. Garuda currently...
25% of Bilbao's traffic stems from America The port of Bilbao (Spain) reported that its traffic with the American continent amounted to 7.8 million t in 2011, 5% more than in 2010. This traffic accounts for almost 25% of th...
Canada concludes new air transport agreements in the Americas Canada has concluded air transport agreements with several states in the Americas. A first-time agreement with Colombia, one of Canada's largest air transport markets in South Amer...
Ceva Iberia appoints new business development director Ceva Logistics recently appointed Izaskun Barquin as its business development director in Spain and Portugal. She will be responsible for implementing the company's business develo...
CMA CGM and Maersk reshuffle Asia-South Africa and Mozambique services The French container shipping company CMA CGM is reshuffling its services on the Asia - South Africa and Mozambique trades in partnership with Denmark's Maersk Line (ML). As from 2...
CEO of Royal Jordanian Airlines resigns Royal Jordanian (RJ) CEO Hussein Dabbas submitted his resignation on 17 April. It will take effect on 1 June. Dabbas has held this position since 2009. RJ is going through a diffic...
P&O Ferrymasters to expand Eastern Europe fleet The UK-based transport service provider P&O Ferrymasters is planning a major expansion of own-asset road operations in eastern Europe by basing its hallmark Yellow Fleet traile...
FedEx is in talks to buy French express carrier Tat Express The US CEP and logistics giant FedEx Corp is holding talks about the acquisition of the French courier and transport company Tat Express. Tat Express was founded in 1976, currently...
Agility wins heavylift contract to move railway wagons from Spain to Kazakhstan Global logistics provider Agility has won a contract to transport 420 railway wagons from Spain to Kazakhstan for Talgo, a leading Spanish manufacturer of railway wagons and c...
DBL Logistics delivers growth with support from HSBC DBL Logistics, the Sheffield (Great Britain)-based haulage and logistics company, is planning to double in size with the development of a new purpose built distribution centre, in ...
Hamburg Süd increases volumes and revenue in 2011 The German shipping company Hamburg Süd, a member of the Oetker Group, increased its container transport volumes by 9% to 3.1 million teu in 2011. Last year's revenue increased by ...
Talk sweeps market that NYK is poised to order LNG newbuildings Potential for orders seen as Japan's demand for liquefied natural gas continues at record levels
Supramax market in new rally Soy and sugar cargoes boost South Atlantic rates
TEN annual report reveals covenant breaches One scenario would require $65.4m additional security
Putin poised to cut taxes for Russian Arctic development Russian premier announces fresh stimulus as Lloyd's report highlights need for thorough risk assessment of activity
Shtokman delays expose Arctic investment risks Partners have yet to commit to final-phase investment
Keeping the turbines turning Life on the small support vessels which serve windfarms raises questions about safety
Sudan halts oil exports Tensions in northeast Africa cut supply of light, sweet crude to Asia
TEN to realise $65m gross proceeds from follow-on issue Tsakos Foundation to take 2m shares
Shooting ducks? Industry urgently needs to agree rules on use of force
Boxship capital inflows are 'illogical' Investors destroy value and drive down slot costs
Nord/LB to keep ship financing flat Lender will focus on existing customers
Profits rise at Keppel offshore and marine Buoyant oil prices drive 66% revenue hike
Shipowners divided over rules for use of force IMIF delegates at loggerheads over what constitutes 'proportional' force
US ports in line for record $1bn dredging cash Washington recommends largest annual drawdown from Harbour Maintenance Trust Fund
ABS moves Middle East operations into Singapore-based division Classification society sees growing business ties between Dubai, Singapore and India
Suspected Somali pirate base hit by unidentified warplanes Operation Atalanta said it was not involved, despite EU endorsing attacks by land
Container pricing The challenge is to prove that box shipping really can consistently earn a decent rate of return
HHI to build two long range tankers for Sun Enterprises Compared to medium range vessels, new LR orders are rarely seen
Pacific Basin Shipping sees buying opportunities emerging in tough market Hong Kong handysize and handymax specialist says partial recovery is only temporary
Port Botany dockers end dispute Asciano and union agree pay and productivity deal
Kingpin's arrest highlights failure of prosecutions to halt piracy Garaad could stand trial in Iran but others will take his place
Dry bulk bucks Irish ports downturn Volumes fall for all other traffic segments
Exclusive: EU journal names CF Sharp 'an IRISL front' Crew supplier remains IMEC member despite Brussels claim
TEN follow-on pricing stalls Company share value falls 16% in a day
NOL's five-year bonds raise $320m Singapore-listed box line raises cash after failing to sell perpetual bonds
Top Ships takes a battering Shelf registration knocks share price
Intra-Asia carriers press for general rates increase IADA seeks extra $200 per teu in two hikes by end May
Royal Caribbean chief backs cruise industry to ride out spate of casualties Costa Concordia was an anomaly but industry is coming together to improve safety measures, says Richard Fain
Cruise safety panel named THE Cruise Lines International Association today appointed an independent panel to vet safety policy changes in the wake of the Costa Concordia tragedy
Water tunnel to aid deepening NEW YORK has unveiled a $250M scheme to build a water tunnel in its harbour that will help the port in its quest to deepen to 15.2m
ABG-PSA joint venture falls apart THE PSA International of Singapore and Mumbai-based ABG Ports consortium, which bagged the fourth container terminal project at Jawaharlal Nehru Port Trust (JNPT), has parted ways
Keppel Corp's profits surge SINGAPORE'S Keppel Corp said today that 1Q2012 profit surged 141% year-on-year to S$751M ($600M), helped in part by good demand for rigs
Mexican standoff at Northern Shipyard NORTHERN Shipyard of St.Petersburg now has two chief executives, as the state-owned United Shipbuilding Corporation (USC) tries to consolidate its control of the yard, and the management under Andrei Fomichev fight back
Container freight rate rise surprise A SHARP increase in spot freight rates in container shipping prior to General Rate Increases (GRI) major carriers had announced from 1 April has come as a positive surprise, according to a senior shipping analyst
Car carriers receive good news for Japan NEWS from two industry majors in Japan indicating rising demand for car carrier capacity and continued subdued supply growth underlines the strength of the market, according to a Norwegian shipping analyst
WilPower dry docking brought forward AWILCO LNG, the listed Norwegian LNG carrier, has decided to bring forward the dry docking of the 1983-built WilPower by two months to May
Teekay issues NK700M bonds TEEKAY LNG Partners, the New York listed lng and tanker shipping company that is part of the Teekay group has issued NK700M in senior unsecured bonds maturing in May 2017 in the Norwegian bond market, the company said in a statement today
Asian shipping seeks efficiencies ASIAN shipping will become more efficient in the future, in response to global trends, believes Noël Jelsma, Asia Pacific regional director for the Finnish support systems provider Eniram
Prince Rupert Container Volume Doubled in March Container volumes at the Port of Prince Rupert, Canada, doubled last month compared to March 2011 because of generic growth...
Port Manatee OKs Expansion Project The Manatee County Port Authority has approved a $13 million contract for a 584-foot berth extension and a 10-acre container...
Georgia Ports Have Record Month for Tonnage The Georgia Ports Authority handled a record 2.37 million tons of cargo in March, including 2.03 million tons of containerized...
US Intermodal Volume Rises 1.6 Percent U.S. intermodal rail shipments in the week ending April 14 rose 1.6 percent year-over-year and 1.3 percent the previous week,...
US Ports Could Get $1 Billion in Federal Dredging Aid U.S. ports in fiscal 2013 would get $1 billion for maintenance dredging, the largest annual federal award for navigation work,...
Qantas Launches Air Cargo Service to Chongqing Qantas Freight Enterprises' first scheduled freighter service linking Australia to the Chinese manufacturing hub of Chongqing and the U.S. will...
NS, KCS Launch US-Mexico 53-Foot Box Service Norfolk Southern Railway and Kansas City Southern Railway are expanding their intermodal rail service linking Mexico and the U.S. by...
Vos Logistics Revenue up 5 Percent Vos Logistics' revenue grew 5 percent in 2011 from a year ago to $333 million as the Dutch trucking and...
Werner Enterprises Profit Soars 30 Percent Steady improvement in demand for trucking and non-asset logistics services boosted Werner Enterprises first quarter net profit 30 percent ...
OOCL Volume Up, Revenue Down in First Quarter Orient Overseas Container Line's first quarter volume revenue slipped 0.9 percent to $1.3 billion despite a 5.4 percent rise in...
Hanjin Joins VSAs to Med, Turkey Hanjin Shipping in May will join other Asia-based carriers in a vessel-sharing agreement to expand its presence in the East...
Ingram to Buy US United Barge Line Ingram Barge has agreed to acquire U.S. United Barge Line, a company with 17 towboats, almost 650 barges and approximately...
UP Reports Record Revenue on Slight Volume Growth Union Pacific saw first quarter revenue rise 14 percent year-over-year to $5.1 billion, as double-digit increases in four of its...
Logistics Group Dachser Revenue up 13 Percent Dachser's 2011 revenue jumped by 13 percent from a year ago to more than $5.6 billion as the German logistics...
Seaspan Takes Delivery of 13,100-TEU Ship Container ship owner-charterer Seaspan has taken delivery of a seventh in a series of eight ships with capacities of 13,100...
Major Ocean Carriers Set India Freight Rate Increases Several major container carriers plan to implement general rate increases on trades to and from the Indian Subcontinent that are...
U.S.-Japan Imports, Exports Jump Japanese exports to the United States surged 23.9 percent in March from a year earlier, to $12.7 billion, on strong...
Maersk Resumes Europe-Asia Bookings Maersk Line has started taking bookings again for cargo from North Europe to Asia following a near month-long suspension. ...
Maersk Plans Other Daily Maersk Services Maersk Line plans to duplicate its Asia-Europe Daily Maersk service on other global trade lanes in future, but it is...
Hanjin gets more serious about Eastern Europe Hanjin has announced plans to become more deeply involved in trade between Asia and Eastern Europe by chartering slots on CSCL/K Line/PIL and Wan Hai's existing ...
Index-linked freight contracts still not the answer
Evergreen ups ante in Intra-Asia trade Evergreen is boosting its Intra-Asia offerings with a new feeder route between the Port of Belawan [Sumatra, Indonesia] and Malaysia scheduled to be launched at ...
OOCL: benefitting from low exposure to Asia - Europe The Q1 2012 interims will be the first barometer of the financial health of ocean carriers and perhaps explain the shock and awe tactics of the liners in their ...
Supply/demand balance still out of kilter The liner shipping industry faces another difficult two years as supply remains out of balance with demand, with freight rates, despite recent strong increases ...
Maersk Line: 'The listening carrier' At least that is how Lucas Vos, the carrier's recently appointed chief commercial officer, wants customers to view the operator. He thinks that the carrier's 'New ...
Rotterdam feels the downturn chill Europe's biggest boxport saw its container traffic decline by 4% in the first three months of this year, compared to the first quarter of 2011, but Rotterdam's ...
Liability limits raised as IMO adopts amendments to 1996 Protocol Limits have become inadequate 'to cover the costs of claims, especially those arising from incidents involving bunker fuel spills' says IMO.
Prices mixed in Rotterdam, Hamburg Variable views on product avails in Rotterdam.
Aegean's Jamaica terminal plans hinging on 'adequate financing' Company still 'considering' land-based storage terminal but may sell the site instead.
Prices firm in Fujairah Prices mixed in South African ports.
Fuel oil stocks plunge to 13-week low Singapore inventories decline by 20.7% on thin arbitrage arrivals.
Workshop on ISO 8217:2010 specification and test methods Two day workshop organised by the Energy Institute taking place in London in early May.
Bunker players serving a 'credit challenged' industry 'Global economic chaos' to continue for some time, Stebbins tells IBC in Oslo.
Bunker prices largely up in Asia Demand 'average' across most of the key Asian ports on Thursday.
Dry bulk shipping 'generally in crisis' Dry bulk rates this year to decline from 2011 levels, says Pacific Basin.
Cruise industry ECA 'sulphur averaging' method on thin ice Model that might allow higher sulphur fuel to be used near low density pollution areas 'has not gone down well' with regulators.
East China fuel stocks up 23% Stocks expected to decline in the coming week amid stronger demand from bonded bunker traders.
Rising bunkers curb 'real' gains in box rates Bunker price increase bearing down on earnings even as box freight index nears all-time high.
Global gas conference to discuss LNG as bunker fuel New session at Gastech 2012 will highlight benefit of using LNG to power ships and domestic transport.
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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