OAG Cargo gets new vice-president OAG Cargo, a specialist for the supply of data and information products for the global aviation industry, has selected Alv Hill as interim executive vice-president. The appointment...
More rest areas in Australia Regular users of the Bruce Highway between Howard and Childers in Queensland (Australia) now have the opportunity to use a new government-built rest area on the southbound lane. On...
U.S. Xpress and Maritime-Ontario launch North American shipping partnership U.S. Xpress Enterprises, a leading provider of transportation services throughout North America, and Maritime-Ontario Freight Lines Limited (M-O), a top Canadian freight carrier, h...
More Mahan to Malaysia Exactly one week ago, Iran's Mahan Air commenced scheduled flights between Teheran and Kuala Lumpur. The airline is initially operating two weekly services (due to bilateral freque...
CN to invest USD 35 million in Wisconsin The North American railroad CN and Superior Silica Sands have signed a multi-year agreement to move frac sand from a new processing plant now under construction in northern Wiscons...
Siemens supplies signalling for new line in Algeria The rail automation specialist Estel RA, a joint venture of the Algerian national company for rail transport (SNTF) and Siemens has been mandated by Algeria's national railway inve...
Korean Cargo brings B747F back to South America Korean Air Cargo once again began to operate a Boeing B747 freighter service to South America last week (week 33). The aircraft is routed via Lima (Peru) and Sao Paulo Viracopos (B...
Air Astana increases service to Delhi and launches Beijing route Starting today, 21 August 2012, Kazakhstan-based Air Astana is increasing its Almaty - Delhi service. It now operates this route five times a week instead of three. Starting on 25...
Yusen Logistics now active in Bangladesh Yusen Logistics has established operations in Bangladesh which will open for business on 15 October. The company stated that Bangladesh, among the "Next 11" emerging econ...
TNT Express: road delivery for Tencent in China TNT Express has signed a deal to become the primary road delivery service provider in China for Tencent, one of the country's largest internet service companies. Under the agreemen...
AEB selects new general manager for Asia-Pacific AEB (Asia Pacific) Pte Ltd has appointed Thomas Halliday as its new general manager. He will be based in Singapore and is to focus on growth across APAC region. Halliday, who was m...
Hapag-Lloyd names new vessel "Hamburg Express" The Hamburg (Germany)-based shipping company Hapag-Lloyd held a ceremony at the HHLA Container Terminal Altenwerder (CTA) to name its first 13,000 teu vessel "Hamburg Express" on ...
Global aframax earnings fall to lowest point so far this year Baltic Sea earnings hit lowest point on record despite slow steaming in the region picking up
IMO gears up for critical nickel ore meeting Safety concerns rekindled by Vinalines Queen casualty
Can test is not reliable Trade association insists there is no rough and ready way to check safety
Chinese coal demand faces stormy prospects Steam coal imports have defied drop in power consumption - but for how long?
MSC Flaminia to be inspected before sailing into German waters NSB has yet to confirm which port will accept stricken boxship
Jury is out on South Korean government shipyard finance boost Policy may not be easy to implement
Five-year-old capesizes and VLCCs worth the same on dollar per dwt Baltic Exchange's sale and purchase assessments show continued decline in values
MSC Flaminia gets help from Germany Agreement to take stricken boxship in German waters raises questions over selection of place of refuge
Colombia resumes coal exports as rail workers end month-long strike Dispute halted some 4m tonnes of bulk movements
Burden of Seychelles piracy trials must be eased, says UK report House of Lords also warns on transferring pirates back to prisons in Somalia
Rongsheng results reveal slump in cash reserves Updated: Efforts to retain orders by extending order deadlines hit cashflow
Iron-ore market loses faith in swift demand recovery Price of 2013 futures falls below $100 per tonne
Dover sees fall in haulier demand Port facing privatisation reports dip in freight and passenger traffic
Torm's losses and debts deepen Weak market increases owner's second-quarter loss
Shipbuilder P+S to file for insolvency State aid is insufficient for German group's rescue plan, says company chief Rüdiger Fuchs
Crowley buys Jones Act product tanker pair from Aker Philadelphia Shipyard relieved after $250m deal for speculative newbuilds
Drewry sticks to 6% growth forecast for box terminals Annual report says emerging economies will show strongest increase, with container demand 'quite flat' in Europe and little growth in North America
James Fisher reports strong growth Group buoyed by 'robust' demand for specialist technical and offshore units
Raveh to step down from Zim New chief financial officer to be announced in days
Navios Acquisition posts loss despite soaring revenues Angeliki Frangou contrasts tanker company growth story with struggling peers
Experts urge Nigeria to rethink its stance on private maritime security Contracts that generate interest and controversy are a 'double-edged sword'
Nigerians hold the solution to piracy and oil theft Focus needs to be on answer that is not security dominated but one that involves the community
GasLog remains bullish despite loss Revenues will quadruple by 2015 as LNG fleet expands
Privalov to face criminal charges over Sovcomflot role September date set for $67m misappropriation hearing
DSF benefits from international bank withdrawal from ship finance Copenhagen financier will support credit-worthy Danish interests
Recession in Europe weakens DFDS results More turbulence ahead as 'difficult' cross-Channel start-up faces new competition
Pirates' monsoon washout Attacks on ships are way down thanks to strong winds, heavy rain and big waves - but let's see what happens when the sea calms down
Breaking prices surge INDIAN breakers were about the only ship recyclers in action last week, with Bangladesh and Pakistan celebrating the end of Ramadan
Browse to be floating scheme? ROYAL Dutch Shell has bought Chevron's interest in the Browse LNG scheme in Australia, which could become a floating project, IHS World Markets Energy reported today
Jiangnan HI's profits drop by 87% CSSC TODAY said profits dropped by 87% year on year in H1 of this year at its Shanghai-listed subsidiary Jiangnan HI
Navios raises tanker cover ANGELIKI Frangou's tanker company Navios Acquisition today reported further progress in securing long-term charter coverage
Havila issuing $89M in bonds HAVILA Shipping, the Norwegian offshore service vessel owner, said it is issuing 500M kroner ($89M) in bonds
GasLog touts LNG fundamentals NYSE-listed GasLog, the newest entrant to the US public markets, today forecast continued LNG strength, driven by project developments
TORM loses five times more TORM SAID today its interim losses for 2Q12 were more than five times those of the previous-year period
Korea Line issues shares KOREA Line issued 653,143 shares today to several companies that include some of the restructuring group's creditors
DFDS issues profit warning DFDS, the listed Danish ferry and logistics company, has issued a profit warning after reporting a sharp drop in 2Q12 profits
Indonesian coal lifts Panamaxes, Supramaxes A RISE IN Indonesia's thermal coal fixtures has injected more business into the Asian Panamax and Supramax market
VLGC rates reach 2012 high FREIGHT rates to ship LPG on the benchmark Persian Gulf/Far East route have hit a 2012 high of $77.219/tonne
Yard resales rule bulker S&P BUYERS are exploiting lower asset prices, producing another fruitful week for Chinese yards that are holding cancelled newbuilding orders
RSHI profits fall (just) 82% OUTSHINING other yards in China, Rongsheng HI today unveiled profits of 216M yuan ($34M) for the first six months of the year
GO unveils slip in profits GOLDEN Ocean, the listed drybulk group in John Fredriksen's business empire, predicted today that tonnage oversupply is likely to delay a major freight rate recovery
Trans-Pacific box rate gains gone TRANS-Pacific box rates have dropped off since posting substantial gains, suggesting the third-quarter peak season remains fragile
MSC Flaminia to Be Towed to German Anchorage The fire-damaged container ship MSC Flaminia will be towed to a sheltered anchorage in German waters for evaluation before it...
BlueGrace Named Fastest-Growing Logistics Operator BlueGrace Logistics, Riverview, Fla., increased its revenue 7,368 percent over three years to $63.6 million in 2011, making the Florida-based...
Kings Point to Get New Training Ship A ship used for recovery of solid-fuel rocket boosters from the space shuttle will be converted for use as a...
DFDS Slashes 2012 Earnings Guidance Denmark's DFDS cut its 2012 earnings guidance after Europe's largest short-sea shipping and logistics group's second quarter profit slumped amid...
Taiwan, Thailand Downgrade Export Forecasts The Asian export outlook continues to weaken, according to the latest export forecasts from Taiwan and Thailand. Taiwan export...
China Ports' TEU Share Hits 30 Percent China's container ports now handle 30 percent of international container volume, which has more than doubled in the last decade,...
NYK Line Sets Oct. 1 Atlantic Rate Increase NYK Line said it will implement an Oct. 1 general rate increase for trans-Atlantic cargo. The increase will...
Crowley Buys Two Jones Act Tankers Crowley Maritime Corp.'s petroleum and chemical transportation group has purchased two 45,800-deadweight-ton tankers Aker Philadelphia Shipyard has been building on...
Derailed CSX Train Kills Two Outside Baltimore A CSX Transportation train hauling coal derailed shortly after midnight Tuesday outside of Baltimore, killing two women who were on...
Carriers Won't Fight APM's Virginia Bid Mediterranean Shipping Co. and CMA CGM say they no longer object to a proposal by APM Terminals to take over...
Caravel Logistics Launches India-Mideast Feeder Link Caravel Logistics has launched a feeder link between India and the Middle East. From Port Pipavav on India's west...
HKIA Extends Year-Over-Year Decline The world's largest freight airport saw a slight month-on-month increase in volume during July, but growth compared to 2011 remained...
Emirates Shipping to Launch Far East-Gulf Service Emirates Shipping Line plans to expand its intra-Asia service network by buying slots on the Pacific South & Gulf Service...
Zim Line's CFO resigns It has been announced that Zim Line's much-liked chief financial officer Allon Raveh (in photo) will leave the company by the end of the year. No replacement has ...
Angola to invest in Cabinda Angola's Minister of Transport has announced that the government is prepared to spend USD1 billion over the next five years on improving port infrastructure in ...
Russian trade hits the rocks Russian ports joined the rest of Europe in terms of declining container cargo growth in the first half of the year. St Petersburg's growth reached just 1.5% compared ...
Wan Hai and MOL merge Intra Asia loop as volumes in SE Asia/Japan jump Taiwan's Wan Hai Lines (WHL) has announced that it is merging its New Super 1 (NS1) service with MOL's CHS3 sling, creating for both more capacity and a wider geographical ...
Tacoma's volumes soar on back of new GA string Container volumes through the US Pacific Northwest Port of Tacoma have soared by 20% year-on-year on the back of the new Grand Alliance (GA) service that it won ...
China's growth under pressure That was the stark message given by Chinese Prime Minister, Wen Jiabao, at the weekend. He said that the nation's economy was 'under pressure' and that it is facing ...
Lords change view on armed guards The UK's House of Lords EU Committee for External Affairs has published a follow-up report on Somali piracy in which it says that it has 'changed its view on the ...
CMA CGM beefs up board France's largest containership operator has recruited three career politicians to join its board of directors.
CSDC scraps again China Shipping Development has continued its scrapping drive after selling one of its ageing bulkers to be chopped up in its homeland.
Navios narrows deficit Angeliki Frangou's Navios Maritime Acquisition posted a second-quarter loss Tuesday despite a 38% surge in revenue.
Farstad rues oversupply Norway's Farstad has lamented the rapid increase in the number of platform supply vessel newbuilds hitting the water.
Germany pulls the plug Cash-strapped German shipbuilder P+S Werften is filing for insolvency after the state pulled the plug on rescue funding.
CSDC record ended China Shipping Development has chalked up its first half-year loss as a listed company.
Boa charter chopped Singapore's Emas AMC is not extending its charter of a BOA OCV deepwater subsea vessel.
Floatel firms Keppel rig Floatel has firmed up a contract with Keppel FELS for a $315m accommodation rig.
Privalov stands trial Sovcomflot's former London chief Yuri Privalov is to face court action in Russia on charges of embezzling $67m of the company's cash.
Raveh leaving Zim Zim CFO Allon Raveh is to leave at the end of the year, with a successor due to be announced within days.
GasLog on the nose GasLog has again promised to pay a dividend by the end of the year after hitting Wall Street forecasts on the nose in the second quarter.
Fun on the Fringe Shipping is not a laugh a minute right now so we have borrowed a one liner from the funniest man at the Edinburgh Fringe Festival to help brighten up your day.
MEO surge goes on Miclyn Express Offshore has completed a stellar full year thanks to its rapid expansion.
Doychev freed Bulgarian shipowner Doychin Doychev has been released from police custody after an initial hearing in his drugs-bust case.
Fire hits German bulker Firefighters have tackled a small blaze on an Oldendorff Carriers bulker in New Zealand.
Rongsheng rocked China Rongsheng Heavy Industries laid bare the challenging picture for the Chinese shipbuilding market after seeing its first half profit collapse.
End of the road A 1974-built cargo ro-ro has been put up for sale by its Fijian owner.
DFDS sees headwinds Danish ferry operator DFDS has dimmed its full-year forecast after making a difficult start to life in the English Channel.
Havila hits the mark Havila Shipping has finished its latest trip to the bond market more than $80m to the good.
CNOOC adds one Chinese oil company CNOOC has ordered an offshore installation ship at a CSSC shipyard.
Tanker gains for Fisher UK shipping group James Fisher has posted a bigger profit in the first six months as its small products tankers enjoyed a spot-rate boost.
Torm loss deepens Torm continued to burn cash in the second quarter as it fought to remove the financial black cloud hanging over its head.
Mixed for GOGL Norwegian bulker owner Golden Ocean (GOGL) has survived a weaker second quarter to turn around its loss over the first six months.
Cape pair head for demo Two more early-1990s capesize bulkers look to have been sent for demolition in the face of poor freight rates.
Aegean eyes Hong Kong Aegean Marine Petroleum Network plans to expand its global network by establishing operations in Hong Kong.
ILA protests military cargo handling in Charleston The union contends the Marines are allowing Jacksonville, Fla.-based Portus Stevedoring Co. to move its military cargo operation from Jacksonville to Charleston to bypass the use of ILA workers in Charleston.
BlueWater Reporting to release West Coast port call analysis
Manhattan provides growth to Fantastic Holdings
Report: Sustainable supply chain to benefit food shippers
Drewry: 800 million TEUs in global throughput by 2017 Nearly one in three TEUs on a global basis is now handled at a Chinese port, compared to 19 percent in 2002. Meanwhile, global container volume rose to 588.8 million TEUs in 2011, compared to 279.3 million in 2002.
Emirates joins Asia-Mideast leg of GA/Hanjin loop
Low water stalls Mississippi barge traffic The Army Corps of Engineers is trying to dredge the river channel in areas to keep commodities flowing, but many shippers complain they have to ship lighter loads to ensure vessels don't hit bottom.
Flaminia owner hopes to enter German waters
Cadec extends performance management scorecards
MSC raises Med-U.S. rates in October
New international maritime labor regs ratified The ILO Maritime Labor Convention (MLC) was recently ratified by Russia and the Philippines, meaning the required 30 ILO member states had approved the international regulation. It goes into effect from August 2013.
CSX derailment near Baltimore kills 2
Washington Notebook: FDA's F.U. inspection sounds worse than it is
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