BNSF Railway increases Q1 profit by 16% The Omaha (USA)-based transport provider BNSF Railway, which owned by Berkshire Hathaway, reported a Q+/2012 net income of USD 789 million, almost 16% more than in the same period ...
Asiana Airlines doubles Chongqing service Starting today (21 May), South Korean Asiana Airlines is offering two more flights per week to Chongqing, thus doubling its frequency between Seoul Incheon and the Central Chinese ...
Bertin SRl and Loxx team up The German service provider Loxx recently began to collaborate with Bertin Srl (Italy) for shipments to and from Veneto (Italy). The backdrop to the partnership is the restructurin...
New trailers for Gschwend Transport The Swiss transport provider Gschwend Transporte recently took delivery of a new single-axle cityliner semitrailer from Kriessner GK Grünenfelder AG. Gschwend, based in Oberreit, w...
Spain's TCB Railway receives ISO 9001 quality management certification Spain-based TCB Railway, a rail freight company owned by Grup TCB, has been certified as compliant with the ISO 9001 standard for quality management. The international standard IS...
Ipsen Industrial Packing inaugurates new export packing centre A new export packing centre for Ipsen Industrial Packing has been built in Bremen (Germany)'s industrial park. Ipsen, a medium-sized enterprise, officially inaugurated the building...
Syphax started service to Turkey The new, privately-owned Tunisian Syphax Airlines started to serve Istanbul-Sabiha Gökcen airport on 19 May. The bi-weekly service that takes off from its hub Sfax (Tunisia) is the...
Wim Bosman opens branch in Moscow The Dutch forwarding and logistics company Wim Bosman has further expanded its network in Russia by opening a new branch in Moscow. This branch is an addition to the current presen...
Agility inaugurates new facility in Malaysia Logistics service provider Agility has opened a new facility in Penang (Malaysia) to meet growing demand for logistics services in the country. The new facility provides 6,000 sqm ...
Thai's second Boeing B747-400 cargo freighter enters service Thai Airways International plc (Thai) has introduced its second Boeing B747-400 retrofitted cargo freighter. It is being operated by Thai Cargo Services. Thai sponsored Ken Theerad...
Port of Rotterdam Q1 throughput up 3% The port of Rotterdam reported that its Q1/2012 throughput of 110 million t was 3% higher compared to the same period last year. (it)
Maersk Line to increase rates on Latin American routes Denmark-based Maersk Line will increase its rates for USA and Mexico services to Brazil by USD 100 per 20ft, 40ft and 45ft container, while prices from Brazil to Central America an...
Staying within the boundaries Flag states must not delegate all responsibility to class societies, says Isle of Man registry
MLC Convention is an overwhelming task Classification societies gear up to implement MLC Convention
Owners gear up for ship energy efficiency deadline Seven months to D-day, the race is on to certify more than 50,000 ships
Shipdex online manual tool seeks Japanese backers System updates vessels' operating instructions
UK Carnival chief hangs tough in choppy waters Bridge teams should be a democracy, says Dingle
Supramax secondhand prices trending upward Vintage tonnage yet to join suit in uptick
Fairstar lands $247m loan to fend off Dockwise advance Fresh cash covers outstanding payments for semi-submersibles
Maersk may make further bond issues this year Move would overturn previous policy to complete only one sale of debt per year
Turkey's autogas boom boosts small LPG carriers Subsidies mean that demand for smaller tonnage could prove short-lived
Barnes quits American P&I Club to run US broking venture PL Ferrari and Frank Crystal join forces
Legal challenge could delay Serco ferry takeover Rival bidder unhappy with Scottish Executive contract
Plans for Abbot Point port expansion scaled back Six out of eight additional terminals scrapped
Ferry operators fail to overturn Dover tariffs UPDATED: Trust port to press ahead with privatisation following inspector's report
Scandlines downplays talk of sale of routes between Germany and Sweden Speculation over discussions with route partner Stena Line regarding sale of the Trelleborg-Rostock route
Shipowners support Brussels' anti-piracy efforts Europe hints at role in setting standards for armed security
Maritime security industry wants to shape IMO regulation Players say shipowners should fund the framework
China's New Order Political transition sees the Chinese government's usual deft economic touch falter
Knightsbridge takes Sanko to court US-listed tanker owner joins queue to sue Japanese shipowner in Baltimore
Police hunt for ex-Vinalines chairman New Vietnam shipping scandal follows Vinashin convictions
Marenave sees KG sell-out as chance to buy bargain ships Chief executive Tobias König says company is well positioned to benefit from coming changes
Lloyd Fonds looks to full-year profit KG house to focus on existing funds
'Warfare at the waterfront' as demolition prices slip Cash buyers look to knock money off high-priced deals
Save the reef Shipping has a duty to put the public's mind at rest about the safety of the Great Barrier reef, before the mood turns ugly
Singapore beats Germany to top spot in logistics performance index Germans fall to fourth place in World Bank survey
Vale may launch second floating storage centre for giant VLOCs Global marketing director names South Korea as possible location
Gaurav Prem master found guilty in pollution case Taohim convicted on two charges of obstruction
India denies bail to Enrica Lexie guards Kollam court cites flight risk for marines held on murder charge
Work halted on Cai Mep container terminal VIETNAM has halted work on a deepsea box terminal in Cai Mep's port, Nguyen Thanh Tinh of operator Gemadept told Fairplay today
Stena Bulk to spin off expanded LNG business STENA Bulk, the drybulk and tanker operator, said it plans to spin off its LNG unit and expand it as a separate company
VLGC rates ease off THE VLGC spot market appears to be correcting itself from early May's surge
Knightsbridge targets Sanko NASDAQ-listed Knightsbridge Tankers is the latest plaintiff to be awarded an attachment against the Sanko Steamship-owned Sanko Mineral
Japan remains S&P top dog JAPAN'S sellers are dominating bulker S&P, accounting for half of reported newbuilding resales in the past week
Fairstar signs for $247M loan facility FAIRSTAR Heavy Transport said today it has signed a $247M syndicated loan facility led by ING Bank
Minsheng seeks IPO clearance in China MINSHENG Shipping has asked the Shanghai Stock Exchange for permission to proceed with an IPO
PSA, Tianjin bolster ties PSA HAS said it has "strengthened ties" with Tianjin Port Group in line with development plans for hinterland investments in northeastern China
Asians assail Panama plan to raise tolls ASIAN shipowners are opposing a proposal by the Panama Canal Authority (ACP) to raise tolls by 7.4-7.6% from 1 July
Sale of arrested VLCC illuminates S&P picture SINGAPORE bunker trader Sentek Singapore has bought a Maroil-owned VLCC that had been under arrest in the city-state since 12 August last year
Abbot Point port expansion cut back QUEENSLAND'S government confirmed today it has decided to cut back drastically on the Abbot Point coal port's expansion
3 sought after fatal sinking SEARCHERS are looking today for three crew members missing since a general cargo ship capsized and sank this weekend in the Ionian Sea, killing its captain
Courage gains property stake TAIWAN'S bulker company Courage Marine said today it has secured a stake in a Shanghai property from a debtor whom it identified as Jason Chang
Japan's yards dive to 3-year low ORDERS for Japan's struggling shipbuilders have dived to a three-year low since the new fiscal year began
Diesel Prices Fall Below $4 a Gallon Diesel prices across the U.S. dropped below the $4 gallon mark, declining 4.8 cents in the week ending May 21...
Tianjin Port Group, PSA International Agree to Develop Port China's Tianjin Port Group and Singapore-based global container terminal operator PSA International have signed an agreement to further develop Tianjin...
Economists Forecast Slow Gains Through 2013 The National Association for Business Economics said its quarterly survey of economists foresees continued moderate growth through 2013 as the...
Cargo Volume Falls at Hong Kong International Airport Cargo throughput at the world's largest freight airport fell 12.5 percent last month compared to March. Volume through Hong...
Footwear Sales, Imports Tread Upward Footwear sales in the U.S. were up 7.9 percent in March, rising to a near-record $2.41 billion, just short of...
Antwerp to Operate Dutch Rail Terminal The Antwerp Port Authority has joined a consortium to operate a new rail freight terminal across the border of the...
Delaware Seeks to Expand Port of Wilmington Delaware officials are seeking a public-private partnership to expand the Port of Wilmington by developing a $500 million deepwater terminal...
Eaton to Buy Irish-based Cooper Industries Industrial manufacturer Eaton is purchasing a global electrical equipment supplier in a bid to create a $21.5 billion power management...
Savannah Container Throughput Dropped in April The volume of containers moving through the port of Savannah dropped by 4.2 percent in April from the same month...
MSC Hikes Rates from Eastern Mediterranean to Chile Mediterranean Shipping Co. will put a general rate increase into effect next month on all westbound cargo shipped from the...
Union Gives Canadian Pacific 72-Hour Strike Notice Just days after William Ackman, an activist investor, wrested control of Canadian Pacific Railroad, the honeymoon is already over. ...
DHL Opens Distribution and Consolidation Center in Hong Kong DHL Express has opened a distribution and consolidation center in Hong Kong near to Hong Kong International Airport. ...
Three Carriers Form West Africa-Europe VSA Evergreen Line, Hanjin Shipping and United Arab Shipping Co. are teaming up in a new vessel-sharing agreement that will launch...
Trucking Safety on a Crash Course Two years after federal regulators launched the Compliance, Safety and Accountability initiative, the program is still incomplete, lacking a long-promised...
XPO Logistics Itching to Grow XPO Logistics is willing to suffer some short-term pain in return for long-term gain, taking a first quarter loss of...
High Transportation Costs Spark Intermodal Growth You'd be hard pressed to find a better barometer than intermodal traffic of the road ahead for U.S. shippers and...
Centers of Excellence and Expertise Ease Imports Processing Few industries can match the repetitive practices of automobile importers. "We use the same carriers. We ship to the same...
Euro-Crash Threatens Asia-Europe Peak-Season Surcharges Ocean carriers are walking a tightrope in the Asia-Europe trades as they prepare to raise freight rates for the fourth...
LTL Carriers in It for the Long Haul The less-than-truckload landscape changed in the past couple of decades as mergers, acquisitions and company failures shifted market share. Traditionally...
Easing of PTC Regulations Falls Short of Rail Hopes The Obama administration's loosening of restrictions on a costly crash-avoidance technology mandate this month did little to bring great joy...
Legislators Pressed to Review Lacey Act Retailers, homebuilders and importers are urging Congress to take a fresh look at an environmental law that was amended four...
Hopes Mount for National Freight Transportation Plan It's a sad state of affairs when the most anyone can hope for in the next surface transportation bill is...
Active For-Hire Carriers Growing in Number Less sometimes is more, as QualifiedCarriers found when it delved into the Department of Transportation data on motor carriers. The...
Motor Carriers Adapt to CSA Out on the road, where regulatory aspirations meet reality, the impact of the CSA initiative is easier to sense than...
On Double-Brokered Loads: The Devil You Know - And Don't Know Q: I have a question on our liability for a double-brokered load. We brokered the load and, unbeknownst to...
Langh offers new design of steel carrying container Alaskartano (Finland)-based Langh Ship Cargo Solutions, which specialises in the design of equipment and systems for the shipment of heavy goods, including steel, ...
South Africa scores well in latest World Bank logistics report The Washington (DC)-based World Bank's latest survey measuring a country's trading efficiency has seen South Africa register a significant improvement in its performance ...
MISC still working out its liner pain Malaysian transport group MISC Berhad's operating profit for the first quarter was ravaged by exit costs from its liner business sector in which it called a final ...
MOL's on time performance 'badly hit' by port congestion MOL's average on-time arrival performance for the first quarter of this year in the east-west trades has dropped compared to Q4 2011 as it has been knocked by port ...
PSA inks new deal with Tianjin Singapore's PSA has signed a 'strategic co-operation framework agreement' with China's Tianjin Port Group [TPG] designed to develop further synergies between the ...
Obama tells EU: focus on jobs and growth Speaking at a meeting of the G8 nations at Camp David, Maryland at the weekend, US President Barack Obama said that there was an 'emerging consensus' that European ...
ICG's boxes drop 6% against austerity backcloth The number of containers transported by the Dublin-headquartered, Irish Continental Group's Eucon and Feederlink feeder and domestic services declined by 5.9% to ...
TransAtlantic AHTS goes long Swedish offshore vessel about to break out of the spot game after penning Stena drillship support pact with Chevron Canada.
Noble eyes ETA's frozen funds Hong Kong trader attempts to unthaw cash tied to Heidmar case after Emirates Trading fails to settle arbitration award.
Evergreen lines up loop Taiwanese containership giant prepares to pair of 2,000 TEU vessels to work on Persian Gulf rotation.
Tidewater tops forecasts Dean Taylor prepares to leave on a high note as New York-listed offshore giant sees earnings more than double.
Shell locks in Frontline trio Time charter rates hold steady despite spot surge as tanker titan ties up series of two-year VLCC fixtures, brokers say.
Braemar cuts bonuses Shrinking performance bonuses take a toll on the pay packets of Alan Marsh, James Kidwell and Quentin Soanes.
Excel fixes duo Greek owner finds another year's work for two ships, with Iron Vassilis taking $3,000 per day pay cut.
SinOceanic inks finance deal Jan Haakon Pettersen-led boxship owner wraps up expensive short-term package to finance costly newbuilding.
ONGC under fire SCI and Greatship have a pop at charterer for booking elderly offshore vessels at rock-bottom rates.
Ferrari links with Crystal Leading US insurance broker launches marine operation in partnership with top P&I specialist.
Concern over Vietnamese ships Country's register says at least 20 vessels detained this year over safety issues.
Fesco chiefs eye bonus Russian container line could pay 57% of 2011 profit to its directors.
Hoegh LNG lands FPSO gig Sveinung Stohle-led company wins engineering study for floating liquefaction unit.
Vale to build VLOC hub Brazilian mining giant may chose Korea for a second trans-shipment hub for its giant ore carriers.
Taylor, helped drive Customs' AMS with liners, died Gary S. Taylor, who is credited with bringing the liner carrier perspective to U.S. Customs' development of the Automated Manifest System, died of cancer on May 12 in Palm Springs, Calif. He was 62.
MSC ends Europe-Central America loop According to a notice on carrier's German Website, cargo can now reach its Cristobal hub (on the Atlantic side of the Panama Canal) direct via its Europe-WCSA service, and can reach Puerto Limon via transshipment over Freeport, Bahamas.
APS starts operations in Portland, Ore.
PSA, Tianjin port ink expansion deal PSA said the agreement "forms the basis for both companies to seek further collaboration and expansion." The two entities already collaborate on port projects in China.
MOL's on-time rate drops in 1Q The carrier said its performance in the first quarter was affected by Asian port congestion, particularly in Hong Kong, Yantian, Singapore, and Shanghai, and bad weather in Europe (as well as fog in Shanghai).
EU sulphur regulation compromise 'might fly' Confirmation of strict 2015 limit for ECAs on the cards; EU may move ahead of IMO on general 0.50% sulphur limit.
Mixed price movements in Rotterdam, Hamburg Southern European markets also lack direction.
Small price rises in Fujairah Players report low demand in Middle East hub.
Bullish near term outlook for fuel oil Fuel oil 'probably the most interesting product' at present, says Barclays Capital commodities analyst.
Oil below $100 expected to be short-lived Conference hears that supply buffers 'remain slim' and global demand robust despite high prices hurting demand in in OECD countries.
Shipping caught by 'fatal combination' of falling rates and rising prices Hapag-Lloyd CEO says rates rises will bring prices and costs 'back into harmony'.
BP committed to continue deepwater oil projects After spending $22 billion in wake of Deepwater Horizon disaster, BP says it 'cannot walk away' from deepwater oil projects.
Hydrogen powered vessel to start commercial operations 'Large tankers could be hydrogen powered in 20 or 30 years,' says fuel cell designer.
Fuel additive performance claims verified by LR Product designed to treat many of the quality issues commonly associated with modern marine distillate fuels.
Price movements lack direction in key Asian ports Good avails in Asian ports on Monday.
Fuel homogenisers can lower vessel operating costs, says maker Producer of CD92 homogeniser claims it can recover up to 80% of sludge content for use as bunkers.
Asia new 'large market' for LNG use Industry executive suggests existing LNG terminals can be refurbished to enable bunkering operations.
Hambantota bunkering facility to be comissioned 'shortly' SLPA 'vigorously campaigning' to use Hambantota as transshipment hub for vehicles.
Investors urged to 'increase exposure' to Aegean shares Aegean has potential to show improved volumes on the back of recent stronger tanker market activity, says Dahlman Rose.
Gulf Petrochem plans to expand bunker ops at UAE ports Expansion would meet 'growing requirements' of clients, says Group CEO.
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