SBB switching to renewable energy for its trains The Swiss national railway SBB will use 100% renewable energy for its trains from 2025. Around 75% of the energy that is used today already comes from renewable sources. The rail s...
Cathay Pacific suffers significant drop in May cargo and mail tonnage Hong Kong's Cathay Pacific and Dragonair carried 123,403 t of cargo and mail in May this year, a drop of 10.6% compared to May 2011. The cargo and mail load factor was down by 5.9 ...
Arkansas Best to acquire Panther Expedited Services Arkansas Best, headquartered in Fort Smith AR (USA), has entered into a definitive agreement to acquire Panther Expedited Services, based in Seville OH. The transaction value is ap...
Mercedes Benz launches new commercial vehicle line The German vehicle manufacturer Mecedes-Benz plans to start selling its heavy-duty short radius Antos trucks in September. The truck series will be powered by BlueEfficiency Euro 6...
CIT Rail renewing fleet The US leasing company CIT rail, headquartered in Chicago IL, has ordered 3,500 new wagons, including new oil and gas tank wagons from a range of manufacturers. The railcars ...
Iberia carries fish eagle chicks The Iberia flight IB3551 which left Berlin at 13:14 and landed in Madrid at 16:14 on 14 June was carrying some very special passengers: 18 fish eagle chicks which flew on with Iber...
APM Terminals concludes agreement with Ningbo Port Group Leading executives from the Ningbo Port Group and APM Terminals recently signed a major agreement in Copenhagen. The new pact reflects a 75%/25% (Ningbo Port Group/APM Terminals) s...
Fraport's executive board enlarged The supervisory board of the German airport operator Fraport AG has selected Michael Müller as the executive board member for labour relations. He succeeds Herbert Mai, who is due ...
David Bermingham to head Swissport Cargo in UK Swissport International appointed David Bermingham as its new CEO Cargo for the United Kingdom, effective 20 June. At an earlier stage in his career Bermingham spent 17 years with ...
ACG Air Cargo Germany outsources pallet management to Chep Aerospace Solutions ACG Air Cargo Germany (ACG), a freight carrier based at Frankfurt-Hahn airport (Germany) and part-owned by the Russian Volga-Dnepr Group, has selected Chep Aerospace Solutions to s...
Hoyer recruits new managers from own workforce Hoyer, a global logistics specialist based in Hamburg (Germany), is to fill three important posts with members of its own staff. As of 1 August Tom Krützfeldt will become operation...
Rhenus boosts sales in Switzerland Rhenus Alpina AG was highly successful in its last business year. The Rhenus enterprises in Switzerland boosted 2011 sales to CHF 268 million from CHF 258 million in 2010. The Swis...
Wincanton announces contract renewal with Dairy Crest in UK The UK logistics service provider Wincanton has won a three-year, GBP 60 million contract renewal with Dairy Crest, to provide milk collection and delivery throughout the UK. The r...
Bourbon stays buoyant despite sliding oil price Offshore vessel firm says offshore investors are not spooked yet
Piracy hits an all-time low, but why? Should naval forces or armed guards take credit for fewer successful attacks?
The great LNG carrier ordering debate Unlike many of his rivals, NYK's Steimler is relaxed about future tonnage supply
Costner, the crown prince and cleaning up spilt crude This week, oil-industry pundits' thoughts have taken a very strange turn
Offshore and energy shipping faces piracy threat off east Africa Oil companies will spare no expense to protect offshore assets
All eyes on South American LNG imports Argentina, Chile and Brazil want to buy more liquefied natural gas
Russia mulls part sale of Sovcomflot Industry sources think timetable not realistic
Boxships reactivate as rates harden Fall in idle fleet since March reflects improved market demand
Zim reports post-election uptick in trade enquiries for Greece Israeli line marks 50 years in the market by offering added value
Vale urges China to lift valemax ban EXCLUSIVE: Country's ports and steel mills can only benefit from giant tonnage
Atalanta has been a success, Foreign Office maintains Antipiracy mission has reduced number of attacks
Mousouroulis appointed Greek shipping minister Industry has pushed for return of standalone ministry to strengthen its hand
Crisis for US and European refineries is an opportunity for product tankers Asian super-refineries will increase earning days for shipowners
Concordia Maritime orders two chemical tankers Guangzhou Shipbuilding International to deliver tonnage in 2014 and 2015
Transatlantic gasoline trade slips further Figures for first quarter of 2012 show US gasoline imports down 14%
Gas getting hotter The amount of LNG that is going to be produced is finite, and will only require a finite number of ships
Jiangsu orders four supramaxes Company beefs up 2014 supramax orderbook by nearly 50%
Supramax crash fails to materialise Discounts still offered for forward loading
TopShips fails to sell last bulker Market value half the size of outstanding loan on supramax
Fredriksen completes plan to pump $1bn of drilling profits into shipping Money from Seadrill shares sale will help Frontline 2012 to be a leading commodity shipping company in three years
Hamburg port companies hit back at eco lobby lawsuit Green groups launch legal moves to halt Elbe dredging
Europe's freight forwarders face squeeze on margins Rapid rise in sea freight rates to step up pressure, says HSBC report
Bourbon lands $530m for new offshore vessels Loan part of company's strategy to invest $2bn in fleet expansion
Japan to provide sovereign cover for Iran crude imports India owners want their government to follow suit
Russia confirms Alaed cargo bound for Syria Admits to sending refurbished helicopters as Femco denies having picked up cargo
Greener ship recycling Why governments must drive local change to make ship recycling more green
Brussels launches fresh business survey in drive for ports policy European Commission seeks feedback on quality of EU port services, the port system's efficiency and transparency of port organisation
Nam Cheong on track to win $130m offshore order Malaysia-based company to build up to eight platform supply vessels for Bumi Armada
African fishermen protecting nets mistaken for pirate 'swarms' States and security firms are scare-mongering, claims Risk Intelligence
Banks' reluctance to own ships will prevent wave of bankruptcies Lenders extend extra help to certain owners but not to others, Marine Money conference told
Eagle Bulk clinches debt deal AN RBS-led syndicate will take an ownership stake in Sophocles Zoullas-led Eagle Bulk as part of a comprehensive debt restructuring deal
Italy warned on ferry contracts ITALY today told by the European Commission to open up public service ferry contracts to non-Italian shipping companies in line with EU competition rules or risk prosecution by the EU Court of Justice
Italian ports to be self-financing ITALY has approved an infrastructure decree permitting Italy's state-owned ports to be self-financing by conceding them 1% of VAT receipts plus any excise they derive from their own import and export operations
Prestige trial date set A TRIAL date for the Prestige disaster which saw the ill-fated tanker break apart and spill 70,000 tonnes of heavy fuel off Spain's northwest coast has been set
Ningbo scraps bulker NINGBO Marine today announced it has sold bulker Mingzhou 28 to Zhejiang Hongjing Shipbreaking for RMB28
Gazprom predicts higher gas exports GAZPROM expects its natural gas exports to reach 222bcm by the end of the year, countering forecasts of increasing market shares for shale gas and LNG
Many migrants feared dead in capsizing MANY people are missing today after a boat suspected to have been carrying up to 200 migrants capsized off the coast of Indonesia, Reuters reported
Freeseas 'too small' for China financiers SINGAPORE-listed Chinese shipbuilder Yangzijiang has told analysts that it could not help Greek ship owner FreeSeas obtain loans from Chinese banks as the company is "too small"
Hemen continues Seadrill share buyback HEMEN Holding, indirectly controlled by shipping magnate John Fredriksen, has continued buying back shares in listed drill ship and rig operator Seadrill
'No proof' of pirate swarming THERE is no proof that so-called "pirate swarming" attacks exist, a maritime risk analyst told Fairplay today
Capes see first rise in a month CAPESIZE rates have risen for the first time in over a month
Bourbon nets finance deal FRENCH offshore vessel operator Bourbon has netted a multimillion euro financing deal, the company announced today
Bumper output hits China coal imports HIGH domestic steam coal production and stockpiles could mean that China may only whet its import appetite in July
Ship split months after running aground A CAMBODIAN cargo ship has split in two northwest of the Philippines, just months after running aground in the same area, Fairplay was told today
Yildirim to Buy Another 10 Percent of CMA CGM Turkey's Yildirim Group intends to exercise its option to buy another 10 percent stake in CMA CGM, which will bring...
Baltimore Gets Four Super-Post-Panamax Cranes Four super-post-Panamax cranes have been delivered to Baltimore's Seagirt Marine Terminal, where they are scheduled to begin operation...
Farm Bill Study of Captive Rail Shippers Passes Senate The pricing complaints of captive agriculture shippers, or railroad customers dependent on a single carrier, could gain a wider audience...
Intermodal Volume Climbs For Second Straight Week Intermodal shipments on major U.S. railroads in the week ending June 16 rose on a week-to-week basis for the second...
Congress Close to Agreement on Transport Bill, Boxer, Mica Say Congress is getting closer to reaching an agreement over the surface transportation bill and aims to reach an accord by...
YRC Carrier Holland to Hire 450 Truck Drivers YRC Worldwide regional carrier Holland plans to hire 450 truck drivers to meet rising shipper demand for next-day less-than-truckload service....
Commerce Chief Bryson Resigns, Cites Health Reasons Commerce Department Secretary John Bryson on Thursday resigned, citing health reasons that resulted in him causing two traffic accidents in...
UPS to Kick Start $6.6 Billion TNT Express Takeover Offer United Parcel Service launches its 5.16 billion euro ($6.6 billion) cash bid for Dutch rival TNT Express Friday in a...
Air France-KLM Plans Major Layoffs by 2013 Air France-KLM outlined plans to lay off more than 5,000 of its French work force by the end of 2013...
3M to Expand Electronic Tolling Business Manufacturer 3M agreed to acquire Federal Signal Technologies Group, a unit of Federal Signal focused on electronic tolling technologies, for...
Hapag-Lloyd Suspends Trans-Atlantic Service Hapag-Lloyd is suspending its weekly Atlantic Express Shuttle service between New York, Antwerp and Hamburg until further notice "due to...
Judge to Hear Portland ILWU Case Friday A federal judge will hear arguments Friday on a National Labor Relations Board request for a court order prohibiting the...
Calif. Freight Industry's Lobbying Efforts Criticized California's goods movement industry has been conspicuously absent when it comes to lobbying efforts in Sacramento and Washington, so ports...
Kuehne + Nagel Opens Distribution Center in Hong Kong Kuehne + Nagel has opened a new distribution and storage facility in Hong Kong. The Switzerland-based forwarder said the...
Maersk to Hike Rates in Latin America Trades Maersk Line will impose a general rate increase on trades from Latin America to the Indian Subcontinent and the Middle...
Finland on a high Finland rose to third place in the World Bank's recent survey of trade logistics performance. Singapore took first place, and Hong Kong came in second. Commenting ...
Partnerships needed to boost port productivity Ross Clarke, APM Terminals' (APM T) head of design and innovation, has stressed that terminal operators, shipping lines and their customers must work ...
ESPO welcomes EC investigation The European Sea Ports Organisation (ESPO) has welcomed the European Commission's investigation of EU port efficiency. This was launched yesterday via a business ...
Hapag-Lloyd suspends Riyadh bookings and imposes ORS Hapag-Lloyd has temporarily stopped accepting cargo for Riyadh via Dammam and imposed an operational recovery surcharge (ORS) on all import and export cargo moving ...
Ports America invests in Yang Ming's Kaohsiung Terminal Ports America International Holdings - an affiliate of Ports America Group - is to 'extend' its 'global reach of services' by investing in 'valued customer' ocean ...
Ocean carriers launch Asia-Europe offensive Ocean carriers appear to be having second thoughts about stepping back from further freight rate increases in the tradelane from Asia to Europe. Following Maersk's ...
Disappointing US truck index, but fuel price decrease good news for retail The American Trucking Associations' [ATA] for-hire truck tonnage index fell by 0.7% in May, after declining by 1.1% the month before, reflecting, according to its ...
FESCO sold to Summa Group It has been confirmed that Russia's Summa Group, previously known as Summa Capital Investment Group, has acquired the Industrial Investors Company's controlling ...
Feds provide $10 million to help unsnarl Chicago rails A TIGER grant will complete a funding package for local projects in the Chicago Region Environmental and Transportation Efficiency (CREATE) program to ease congestion on freight, Amtrak, and Metra commuter railroads.
European shippers: Container weighing a 'false remedy' The European Shippers Council (ESC) said a proposal by several countries and large trade groups to more strictly regulate container weights is "the wrong remedy for the container transport safety issues the sector is dealing with."
Vessel emission rules meeting set for Tacoma
NEWSFLASH: Bryson departs Commerce, Trottenberg to get DOT promotion President Obama has accepted the resignation of Commerce Secretary John Bryson after 10 days on medical leave for a seizure suffered in the Los Angeles area, the White House said in a statement Thursday.
UPS releases details of TNT offer The combination of the two express carriers will create a $60 billion company and give UPS greater access to the European market, which has been difficult to penetrate because of the home advantage of TNT and Deutche Post's DHL.
Lawmakers talk ports with LaHood
Hapag-Lloyd suspends one transatlantic string The German line will end its Atlantic Express Shuttle (AES) service "due to the current market situation" until further notice. The service was operated between three ports with three ships.
Fujiarah prices fall for fourth consecutive day Suez market rumoured to have 'run dry'.
European markets soften Hamburg market 'very quiet'.
Russian domestic supplier takes delivery of bunker tanker RN Polaris will operate in St. Petersburg, Ust-Luga and other parts of the Gulf of Finland.
Fuel oil stocks at four-week low Arbitrage volumes expected to remain weak.
'Slow progress' in opening Chinese market to new players 'Central government is still studying the plan and formulating the rules.'
Bunker markets softening in Asian ports Players report 'good avails' on Thursday.
Adam Dupré, Chairman, Petromedia Group (1950-2012) Adam Dupré was one of the world's most experienced figures in the field of maritime credit.
Canadian shipping firm orders fuel efficient bulk carriers Order for two new gearless bulk vessels placed with Yangfan Shipyard in China.
Fuel monitoring solution gets satellite service upgrade IsatData Pro offers a 'significant increase' in payload capacity compared to other satellite systems.
Cruise line to install fuel treatment system on two vessels IPCO Power claims its FID can improve fuel efficiency while reducing harmful emissions.
LPG supplier enters Hong Kong bunker market NewOcean Petroleum Company Limited also 'interested' in applying for bonded bunker license in China.
Tanker rate forecast raised on higher utilisation rates Slow steaming reduces downside risks in tanker market, says DNB Bank.
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