Important oil equipment flying with Polet Airlines The Russian carrier, Polet Airlines, recently operated an AN'-124-100 charter flight carrying four giant oil cable reels from a US manufacturer. As timing was critical for this shi...
Gotthard closure has negative impact on Hupac's transport results The Swiss transport provider Hupac registered 332,000 road shipments in the unaccompanied intermodal traffic sector in the first half of the current year, an 11.7% decrease compare...
Russian Railways investing in rail infrastructure on Sakhalin Island Russian Railways (RZD) is continuing to implement its investment project to modernise the company's rail infrastructure on Sakhalin Island. RZD has now completed the reconstruction...
Key link in the road from Tajikistan to Europe The European Bank for Reconstruction and Development (EBRD) and the Asian Development Bank (ADB) are investing in part of trans-Asian highway that connects Asia to Turkey and Europ...
Forwarder Meindl expands fleet The Austrian forwarding company Meindl has extended its fleet by the addition of six new height-optimised Kögel Mega trailers. Meindl now has a total of 17 K'gel Mega P55 trailers ...
Hapag-Lloyd raises rates, turnover and earnings in Q2 After a seasonally weak first quarter of the current year, the German shipping company Hapag-Lloyd achieved a turnaround and improved its result by more than EUR 125 million in Q2/...
Amsterdam Seaports with modest increase Amsterdam Seaports (the ports along the North Sea canal area in the Netherlands) witnessed a slight increase of around 0.5% in transhipment volumes in the first half of 2012. Until...
Lehnkering operating import terminal in Hamburg for Clariant The German service provider Lehnkering and Clariant, a producer of special chemicals, have just established a new joint venture. Lehnkering now operates a central import centre in ...
International Transport Forum's new secretary-general in office José Viegas, a Portuguese national, has been installed as secretary-general of the International Transport Forum (ITF). The ITF is an intergovernmental organisation that acts as a ...
Inchcape Shipping Services names new general manager for Brazil Inchcape Shipping Services (ISS) has chosen Captain Mariano Martinoia to be its new general manager for Brazil. Martinoia will be based at the company's head office for Brazil, whi...
Damco reports positive results for H1/2012 Logistics service provider Damco's net revenue grew in the first six months of 2012 to USD 1.543 billion, 12% more than in the same period last year. H1/2012 gross profit rose by 5...
FedEx Trade Networks opens new forwarding office in Scotland The US express service provider FedEx is continuing the global expansion of its freight forwarding business, FedEx Trade Networks. The latter has now opened a new location in Glasg...
Dutch shipowners defy national ban on armed guards The Netherlands' government refuses to extend state monopoly against violence to commercial firms
Concerns grow over ballast water treatment technology Worries submitted to IMO in a bid to give owners some leeway in compliance
Steady as she goes for secondhand product tanker market Prices for LR2 and MR vessels are little changed in recent months
Seafarer rights convention will come into force from August 2013 Ratification from 30 states gives deal the go-ahead
StealthGas to draw on cash for fleet expansion But dividend reinstatement and more share buybacks are also options, says Harry Vafias
Cascading cannot save the panamax box sector Only nine vessels ordered in more than three years as owners shift attention to larger ships but post-panamaxes threaten market share
MSC Flaminia heading to UK waters for inspection Coastal states discuss possible transit to German waters
Box lines will blank out Asia-Europe sailings as trade weakens No return to tactics that triggered 2011 price war, says Hapag-Lloyd's Kranich
DryShips says finance is becoming ever more scarce Commerzbank withdrawal is 'a game changer', says chief financial officer
Damaged supramax sold for lowest secondhand price on record Only $7.5m paid for 2011-built, 57,257 dwt Akiba
Ship breakers on course for record demolition levels Clarkson Research Services data shows yards had purchased some 35.1m dwt in the year to date, compared to 40.5m dwt in the whole of 2011
DSME wins $1.9bn offshore order South Korean shipbuilder lands deal for Africa floating oil production unit
Aframax resale nets just $36m Price shows medium-sized modern crude tankers lose a third of their value
Nigeria urged to use private maritime security Piracy and oil theft linked to problems in community
China Shipping Development completes $393m bond sale China Shipping Group's tanker and bulker unit seeks to build working capital
Bremen insurance agent to offer PMSC certification New venture Marine Risk & Quality aims at stream of new companies entering the market in Germany
Rongsheng scraps Quanchai buy-out Scorned target could challenge Chinese shipbuilder in court
Myferrylink defies technical glitches to launch cross-Channel service Service deploys ex-Sea France tonnage now owned by Eurotunnel
RMT to hold strike ballot at CalMac Union seeks guarantees on pensions and conditions at Scottish ferry operator
US port authorities launch fresh lobbying for Washington funds AAPA says 'lack of federal foresight' to blame for inefficiencies in moving cargo
Denmark seeks to end tax breaks for nationals working abroad Move will price Danish surveyors and office staff out of the market, say owners
Insecurity at sea Private maritime security companies need to be better regulated
A whimper not a bang As carriers face a peak season no-show can they resist the temptation to slash rates?
Bankers are no one's heroes Shipping reaps a bitter harvest from reckless lending
Colombia dockworkers sign landmark deal Deal comes as Mexico stevedores reinstate lost collective bargaining rights
CMA CGM appoints Lebanon's former finance minister to board Jihad Azour takes up job from next month
DryShips may shed bulk tonnage Ditching newbuilding orders is an option, says Economou
Songa's profits halved RISES in operating expenses and financial costs cut profits for Songa Offshore, Norway's listed drilling rig operator, by more than half in 2Q12
Viking's losses grow FINNISH ferry group Viking Line has said its first-half losses grew to €17.9M ($22.3M), from a deficit of '13.4M a year earlier
Chinese deal abandoned ANHUI Quanchai Power has revealed that Hong Kong-listed Rong Sheng HI has abandoned its April 2011 deal to buy the Shanghai-listed utility
MSC Flaminia May Be Towed to Germany The fire-damaged MSC Flaminia was being towed toward the U.K. on Monday for an inspection that may clear the way...
ILA to Continue Protest of Non-ILA Labor in Charleston The International Longshoremen's Association said its protest of a stevedore's use of non-ILA labor would continue this week in Charleston,...
Diesel Prices Exceed $4 Per Gallon The average cost of diesel in the United States rose to more than $4 per gallon for the first time...
Colombian Dockworkers Secure Bargaining Agreement Colombian port workers, members of the Sindicato Nacional de Trabajadores del Transporte, reached an agreement on Aug. 2 with Terminal...
Maritime Labour Convention Set to Enter Into Force The International Labour Organization's Maritime Labour Convention, 2006, has cleared its last hurdle and will go into effect in a...
ILA Takes Marine Contract Protest to DC (Video) The International Longshoremen's Association took its fight against a stevedore's use of non-ILA labor - to unload military ammunition in Charleston...
India OKs Armed Guards on Merchant Ships India has issued guidelines for deployment of armed security guards on board Indian-flag merchant ships, clearing the way for Indian...
BAA to Sell London Stansted Airport operator BAA has opted to sell London Stansted airport, ending a long-running legal battle to retain ownership of the...
FedEx Expands 'International Service' Network FedEx Express is nearly doubling its "International Service" network by adding destinations in Australia, Austria, Brazil, Canada, Denmark, Japan, Luxembourg...
Yusen Logistics Expands Operations to Bangladesh Yusen Logistics will begin operating in Dhaka and Chittagon, Bangladesh, on Oct. 15 to serve apparel and other retail shippers....
Amsterdam Schiphol Airport Revenue Up, Net Income Down Amsterdam Schiphol airport's net profit fell in the first half but revenue increased as higher passenger numbers outweighed lower cargo...
Wilhelmsen Nets $170 Million From Sale of Stake in Glovis Norway's Wilh. Wilhelmsen ASA said it will use the $170 million proceeds from the sale of a 2.5 percent stake...
SSA Marine in Oakland Gets 'Gold' in Productivity On a recent Saturday, longshoremen at the SSA Marine terminal in Oakland averaged an astounding 58 container lifts per crane...
Canadian Railroads Chart Growth Courses Canadian Pacific Railway is looking within for profit by improving its existing network, while its larger rival wants to build...
Intermodal Pricing Loses Steam U.S. intermodal shippers aren't just getting faster service, they're also enjoying something rare in the railroad industry: pricing relief. ...
India Promises to Ease Customs, Cabotage Rules Frustrated Indian shippers can take solace in the government's effort to speed up shipments and bring greater shipping competition. Earlier...
Buyer's Market for Box Lessors Leasing companies are picking up some of the slack from financially strapped ocean carriers that have cut back their container...
My Kingdom for a Box Retailers and other beneficial cargo owners encountering a shortage of container space this peak season need not look far when...
Commentary: 'Processing' Rules on Regulated/Exempt Cargoes Q: With regard to motor carrier transportation of exempt commodities and regulated freight, I've always been told that if the...
Commentary: Container Shipping Sector Facing the Music "Summertime and the livin' is easy" isn't just a lyric from one of the most covered songs in the history...
Lacey Act Strikes a Wrong Chord Gibson Guitar's agreement to pay a $300,000 fine to settle allegations that the company imported illegally harvested ebony and rosewood...
It's Brussels Vs. World Over Aviation Carbon Tax A global trade war over the European Union's controversial aviation carbon tax is drawing closer with Brussels refusing to budge...
China Again Dominates JOC Port Rankings China trade was definitely hopping in the Year of the Hare. Asia's largest economy, underscoring its manufacturing power, is home...
North China Ports Take the Spotlight Although Hong Kong and the mainland ports of southern China aren't going anywhere at the top of the global rankings,...
Hong Kong Feels the Heat From Neighboring Ports Hong Kong's stunning natural harbor has made it a natural center of trade for centuries. The world's third-largest container port,...
Commentary: Truckload Turns to Profit The 50 largest truckload carriers expanded their combined revenue by 13 percent in 2011 as higher fuel surcharges and rising...
Commentary: Tackling Trucking's Perpetual Problem Do you remember your first driver shortage? If you've been active in logistics or trucking for a decade or more,...
Port Metro Vancouver boosts rail links Canada's Vancouver port is concentrating on boosting its rail links - and in the process is upping its connections to the lucrative US mid West. DP World Vancouver's ...
Oil a clear and present danger to Q3 profits The positive results from ocean carriers in the second quarter of the year were attributed to the success of general rate increases and rate restorations; but also ...
The world is a more negative place The latest World Economic Survey released by the Munich-based Ifo Institute for Economic Research and the Paris-headquartered International Chamber of Commerce ...
Sinotrans H1 net profit battered by tough economic climate Chinese transportation conglomerate Sinotrans has seen its HI net profit slump in the face of global economic development that has been 'complicated' and 'full ...
Olympic lessons for UK logistics The success of the London 2012 Olympics [15,000+ athletes and officials, 30+ event sites, and an influx of millions of spectators] was in no small part ...
DVB Bank gloomy on panamax ships The latest report from DVB Bank's Research and Strategic Planning unit, based in Rotterdam, paints a very gloomy picture for the panamax sector of the global containership ...
CMA CGM goes directly into Baltic for first time CMA CGM has temporarily extended its ECS service between the north coast of South America/Caribbean and northern Europe into the Baltic. Instead of calling at Cartagena, ...
Tropical to raise rates Riviera Beach (FL)-based Tropical Shipping is to raise rates across its entire US/Canada - Caribbean liner network as it seeks to recover rising costs, put its ...
Golden age for GASS Stealthgas poised to cash in on one of shipping's strongest segments, analyst says.
Heidmar prepped for pull-out Heidmar does not appear to be phased by the gradual withdrawal of tankers controlled by co-owner George Economou.
Yards 'chew on bones' New Century Shipbuilding Corp has painted a bleak picture of the reality facing Chinese yards.
Westports linked to IPO Malaysian terminals group Westports is mulling a $1bn IPO.
Novoship notches more Russian tanker owner Novoship has posted a 37% increase in first-half profit as revenue rose.
Idemitsu inks VLCC Idemitsu Tanker is expanding its fleet with an order for a new VLCC in Japan.
Big John's price coup John Fredriksen's Frontline 2012 has secured the lowest price for a VLGC newbuilding in two decades, according to RS Platou Markets.
Exxon VLs for sale US major opens up 1999-built tankers to inspection in Singapore.
Fredriksen in gas attack John Fredriksen's Frontline 2012 has unveiled plans to become a dominant force in the VLGC sector after coming clean over an order for up to six newbuildings.
Orsova profit slashed Romanian shipyard Santierul Naval Orsova (SNO) has seen profit dwindle in the first half despite a revenue rise.
Mitsui resale snapped up Greek owners have been linked to the sale of Japanese group Mitsui's new aframax Hope I.
Iranian ships axed The governments of Tuvalu and Tanzania have confirmed they will begin weeding out Iranian ships from their registries in line with western sanctions.
Costs scar Songa Rising costs have hurt profit at Arne Blystad's Songa Offshore in the second quarter.
DryShips raises flag George Economou's DryShips has raised question marks about its ability to fund its dry-cargo newbuilding orderbook.
Chinese in NSR first A government-owned icebreaker has become the first Chinese ship to travel the Northern Sea Route (NSR) from the Pacific to the Atlantic.
Shipping hits Sinotrans Chinese liner and terminals group Sinotrans has posted lower first-half profit as shipping operations struggled.
Inherited VLs face axe John Fredriksen may have been linked to a series of cheap VLCCs in recent weeks but his new flagship company Frontline 2012 is being tipped to cut back on its existing newbuildings.
Owner held over drugs Bulgarian shipowner Doychin Doychev has been arrested after cocaine was found on one of his vessels off Spain.
STX reveals bond deal South Korea's STX Offshore & Shipbuilding has confirmed a big bond sale to boost liquidity after news leaked on Monday.
Deutsche Bank arm bids for Virginia terminals The proposal from German bank's RREEF unit is one of three Virginia has received from outside entities to take over port operations in the wake of an unsolicited bid by APM Terminals in May to run the terminals.
Strait of Hormuz remains open after collision The USS Porter, a guided-missile destroyer on Sunday collided with the Japanese-owned bulk oil tanker Otowasan, a Panamanian-flagged vessel, but both were able to operate under their own power after the collision.
Chinese icebreaker finds an Arctic route Huigen Yang, head of the Polar Research Institute of China, told Reuters he expected more ice along the route than the vessel encountered. He said most of the Northern Sea Route is open.
Tropical raises Caribbean rates
CMA CGM boosts Asia-Europe rates
Report: Globalization, increased trade to drive 3PL success
TOTE, Inc. names Greene VP
Supply chain software refocuses on small businesses BizSlate has been developing a supply chain management system with the help of a committee of small business managers for the past 11 months. The service has reached its second testing stage and is still on track for a 2012 release.
Middle Eastern bunker prices remain flat Prices across the Middle East and Africa display minimal volatility.
Tight avails in Rotterdam Prices were firming in the Rotterdam bunker hub on Monday, according to Bunkerworld data.
UK terminal to develop its marine fuels business Inver Energy brings in outside expertise.
Cold ironing to be extended in Los Angeles $31.2 million contract will see shore-side power links built at 11 more berths.
Upgrade for Antwerp refineries ExxonMobil is aiming to increase output of lighter products.
IFO prices softening in Hong Kong Holiday in Singapore.
Russian authorities clear bunker spill at Nakhodka Spill occurred while bunker tanker was loading fuel oil.
Australian firm orders diesel-electric engines for tugs Vessels, currently being built at the ASL shipyard in Singapore, are scheduled to be in operation by early 2014.
Sulphur emissions 'sharply decreased' at EU ports Since entry into force of the low sulphur requirements in January 2010, says EU study.
Hapag-Lloyd names first of ten fuel-efficient newbuilds 13,200 TEU vessels 'sets standards in environmental protection and efficiency', says Hapag-Lloyd.
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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