Pensylvania boots 24 freight rail projects The Pennsylviania State Transportation Commission has granted allmost USD 18.6 million to improve rail access, upgrade rail infrastructure and provide repairs. The US state, which ...
IRU Order of Merit for president of Azerbaijan association The International Road Transport Union IRU) has awarded its Order of Merit to the president of its member association, the Azerbaijan International Road Carriers Association (Abada...
Afriqiyah flying to Casablanca and Dusseldorf The Libyan carrier Afriqiyah Airways is commencing a thrice-weekly service between Tripoli and Casablanca (Morocco) today (21 November). Shortly after the launch of this new connec...
Gioia Tauro planning new intermodal terminal Gioia Tauro, Italy's largest container port, recently issued a tender to select a financial promoter to design, build and operate a new intermodal terminal project. Gioia Tauro is ...
Nuneaton north chord rail link in UK opened The Nuneaton north chord rail link is now open. As a key part of the British government's investment in the country's strategic railfreightnetwork, the Nuneaton north chord benefit...
Navistar's first international Prostar+ rolls off production line US truck manufacturer Navistar announced that the first International ProStar+ class 8 on-highway tractor equipped with the Cummins ISX15 and SCR-based Cummins Emission Solutions a...
Schmitz Cargobull AG forms joint venture with China's Dongfeng Schmitz Cargobull AG, Europe's largest trailer manufacturer, has signed a joint venture contract with Dongfeng Motor Group, one of the three giant truck makers in China. Under the ...
Qatar Aiways to hive off Cargolux shares Luxembourg-based Cargolux Airlines International has confirmed that Qatar Airways intends to dispose of its 35% shareholding in Cargolux. Notwithstanding these developments, t...
Singapore cargo traffic continued to suffer in October In October, airfreight movements at Singapore Changi Airport declined by 8% year-on-year to 150,000 t. For the January to October 2012 period, Changi Airport handled 1.50 million t...
Logistics and packing trade fair Pack & Move now open Pack & Move, the Swiss trade fair for integrated logistics solutions and packing technology, opened yesterday (20 November) in Messe CH's exhibition centre in Basel (Switzerlan...
Gebrüder Weiss holds ground-breaking ceremony for new headquarters Gebrüder Weiss, an Austria-based global transport and logistics service provider, is investing around EUR 28 million in a series of new buildings and renovations at its head office...
Fercam establishes subsidiary in Tunisia The Italian transport and logistics company Fercam, based in Ora near Bolzano, has established a new firm called Fercam Tunisie GmbH, based in the Tunisian port city Rades. It is F...
Reshuffle at Cargolux after Qatar Airways quit After the withdrawal of shareholder Qatar Airways from the Luxembourg-based cargo only airline Cargolux, the latter's chairman of the board of directors is to step down. Albert Wil...
Spanish yards remain on payback hook SPAIN'S shipbuilders still face the threat of being told to pay back government aid that the EC believes they may have received illegally under a now-defunct tax scheme
Gillard focuses on shipping in islands dispute AUSTRALIAN Prime Minister Julia Gillard has added a shipping focus to the Beijing-Tokyo South China Sea island dispute at the Regional Comprehensive Economic Partnership talks
American Hull quits sector AMERICAN Hull Insurance Syndicate has decided to quit underwriting and run off its portfolio after 92 years
Awilco LNG, now in profit, predicts firming AWILCO LNG, which today said it had turned losses at this time last year into profits, predicted that a soft trend in the sector would give way to a firmer tone this winter
TEN halves its losses TSAKOS Energy Navigation today reported improved quarterly results, as the upside for its LNG carriers offset Suezmax softness
NOL acquires Carmichael NOL SAID today it has acquired the US customs brokerage and trade compliance group Carmichael
GasLog mulls financial partnership structure NYSE-listed LNG owner GasLog today reported progress on its newbuildings and potential interest in a strategy involving a 'master limited partnership'
Chinese yards still depend on imported gear CHINA'S yards still heavily depend on imported maritime equipment, including Diesel engines and radar navigation gear, to build new vessels, government statistics showed
Nigeria finally lifts Bonny Light force majeure ROYAL Dutch Shell said today it has lifted force majeure - imposed on 19 October - on Nigeria's Bonny Light crude cargoes
Putin prods Novatek PRESIDENT Vladimir Putin has urged independent Russian gas producer Novatek to speed plans for a gas field and LNG port on the Yamal Peninsula, above the Arctic Circle
Drybulk port snarls drop SNARLS in major drybulk ports dropped over the past week, with vessel queues at the major Newcastle terminal dropping to a 2012 low
Coal prices seen below $100/tonne until 2014 COAL PRICES are expected to face downward pressure until 2014 despite producers' attempts to raise them by cutting output
VLCC rates top $30,000/day VLCC RATES on the benchmark Gulf/Far East route have hit $30,000 per day
MMHE's profits dive 90% MALAYSIA Marine & Heavy Engineering said today its 3Q profits plunged 90% year on year to 8.1M ringgit ($2.6M)
Two seafarers hurt in HK fire TWO CREW members have reportedly been seriously injured after a fire broke out on a North Korea-registered cargo vessel in Hong Kong Harbour
Coal Shippers Could Face Higher Rates if STB Changes Rules Coal shippers could see their rates increase if the Surface Transportation Board grants the major U.S. railroads' request to consider indirect competition, specifically from the natural gas industry, when the agency determines whether it has oversight on coal rate cases. The Association of American Railroads this week petitioned the STB to...
NY-NJ Terminals to Open Friday All container terminals in the Port of New York and New Jersey will be open Friday following the Thanksgiving Day holiday, as the port continues to clear a backlog of cargo following Hurricane Sandy. Maher Terminals will be open for truck processing Saturday. Port Newark Container Terminal will continue to offer...
Trans-Pacific Spot Rates Slip 1 Percent Trans-Pacific spot rates from Hong Kong to Los Angeles fell 1 percent from last week in their seventh consecutive weekly decline, according to Drewry Shipping Consultants' rate benchmark. This week's benchmark registered $2,192 per 40-foot container, down from $2,228 the previous week and $2,711 in early October. The index hit its...
ILA-USMX: Time for Shippers to Worry (Again) Happy holidays? Not for shippers. Last summer they sweated the possibility of a peak-season strike by the International Longshoremen's Association. Now they're facing the real threat of an ILA work stoppage at year-end. Eight months after opening negotiations, the ILA and United States Maritime Alliance remain far apart on a...
CMA CGM Set to Ink Debt Deal in January CMA CGM is on the verge of a hard-fought agreement with its banks to restructure $4.6 billion of loans, ending months of uncertainty over the future of the world's third-largest ocean carrier. Michel Sirat, chief financial officer of the French container line, said a "deal in principle" has been struck with...
Japanese Exports to US Rise 3.1 percent TOKYO -- Japan's exports to the U.S. rose for the 12th consecutive month in October on a year-over-year basis, increasing 3.1 percent to $11.2 billion, according to preliminary figures released by the Finance Ministry. The pace of growth in exports to the U.S. quickened from 0.9 percent in September. Leading the...
Asian Shippers Press for Regulatory Reform More maritime regulatory reform is needed in Asia to protect shippers from collusion by lines, the Asian Shippers' Council says. Repeating its previous declarations that container carriers act as a "cartel," an ASC statement issued after its 8th annual meeting this month said reform had gained added urgency because carriers were...
Emirates SkyCargo Expands Thai Services Emirates SkyCargo launched a new service to Phuket, Thailand, expanding the carrier's weekly capacity to the country to more than 640 tons. Phuket is the second Thai destination to be connected to the freight division of Emirates' global network, which now totals 126 destinations. The daily Phuket service utilizes an Airbus 340-300...
Cargo Volume Dives at Singapore's Changi Airport Cargo volume through Singapore Changi Airport nose-dived in October, extending a disappointing year for the world's 11th-largest cargo airport by tonnage. Volumes in the month fell 8 percent year-over-year, to 150,000 metric tons. They were also down from September's 153,700 tons. Changi handled 1.5 million tons of cargo in the first...
Oakland Dockworkers Return to Work International Longshore and Warehouse Union dockworkers returned to work late Tuesday after Oakland Mayor Jean Quan brokered a deal between the port authority and the Service Employees International Union. The SEIU, which has been negotiating a new contract for port maintenance workers for more than a year, picketed Oakland's marine terminals...
APL Logistics' Buying Binge Extends Global Reach APL Logistics is moving aggressively to expand its global capabilities with the acquisition of Carmichael International Service, a Los Angeles-based customs broker and freight forwarder that will fill out the largely missing U.S. brokerage component of its logistics portfolio. Tuesday's announcement of the Carmichael deal comes hard on the heels of...
APL Logistics Acquires Carmichael International APL Logistics, the supply chain management unit of Singapore's NOL Group, has acquired Carmichael International Service, a Los Angeles-based customs broker and trade compliance company. Terms of the deal were not announced. Founded in 1961, Carmichael is one of the largest independent customs brokerage, trade compliance and consulting specialists in the U.S. ...
Maersk not too proud to take lead on lay-ups Quoting the Alphaliner report from last week which identified the Copenhagen mega-liner as having the most boxships in lay-up mode, Maersk Line's head of scheduling ...
Argentina paralysed by general strike Ports, airports, trains and roads were shuttered yesterday in Argentina as the South American nation suffered in the second big anti-government strike in two weeks.The ...
EU: like bulls in a china shop How else can you describe the Commission's immediate nigh 60% tariff hike on the dockside price of Chinese crockery? It is bad news for importers involved in the ...
Sandy stymies US truckers Trucking activity, the barometer of the US economy, declined by a month-on-month 3.8% in October, according to the American Trucking Association's [ATA] For-Hire ...
Rotterdam's box capacity will spark only 'limited' price war
PSA's Chennai box terminal hits one million Chennai International Terminals Pvt Ltd [CITPL] recently processed its one millionth container since its 2009 commissioning and with the acquisition of seven super ...
High-yield heaven A leading bond analyst is urging investors not to give up on DryShips on the back of a briefing in which George Economou said the owner won't offload shares of its drilling offshoot to bankroll unfinanced newbuildings.
Solvang fighting back Norwegian gas carrier owner Solvang has continued its recovery thanks to buoyant LPG exports from the Middle East.
Fesco revs up new line Russian owner Fesco is teaming up with Japan's LIB Corp to export used cars to Vladivostok.
Tallink talks tennis Estonian ro-ro group Tallink has renewed sponsorship deals for the nation's favourite tennis players.
Rongsheng banks on offshore China Rongsheng Heavy Industries is hoping offshore orders can account for half of its portfolio within the next five years.
TEN trims dividend Tsakos Energy Navigation has chopped its dividend by two thirds following continued losses in the third quarter.
FOE bins semi-sub Fred Olsen Energy has canned an option for a second $700m semi-submersible drilling rig at Hyundai Heavy Industries.
SVL eyes new tankers Ukraine shipbuilder Kherson is hopeful of landing more tanker orders from Russia's SVL group.
Bumi better off Bumi Armada has seen an uptick in its third quarter earnings as activity rose across all business segments.
Livanos eyes spin-off Peter Livanos is mulling a move from John Fredriksen's box of tricks as he looks to push fleet expansion at GasLog.
Veteran cape sold Hong Kong's Winning Shipping has paid $7m for a 1990-built capesize.
Keppel closes in Keppel looks to have lined up an order for another pair of semi-submersible drilling rigs.
Sincere earnings dip Taiwan's Sincere Navigation has posted a slide in net earnings in the first nine months as revenue declined.
Diana questions eco Diana Shipping has waded into the debate of eco ships, questioning the merits of ordering vessels based on their performance.
Term tempters for owners Supply ship owners will be keen to grab two long-term charters on offer in the North Sea from early next year.
Tankerska eyes Uljanik Croatian owner Tankerska Plovidba is to take part in domestic shipbuilder Uljanik's big share sale.
A 'necessary evil' A brutal order drought has seen almost half of the world's shipyards close since the collapse of Lehman Brothers, Diana Shipping highlights.
SinOceanic gets discount SinOceanic has negotiated a discount on a loan for one of three containership resales purchased from Germany's ER Schiffahrt.
HMM swings to profit Korea's Hyundai Merchant Marine (HMM) has returned to the black in the third quarter as revenue rose.
Damen in for Bijela Dutch shipbuilding group Damen is considering a move for Montenegro's Bijela shipyard.
Aegean to buyback Aegean Marine Petroleum has given the green light to buy back up to one million shares during the next year.
Bharati plunges to loss India's Bharati Shipyard has fallen into the red for the second quarter as revenue more than halved.
Wenchong wins dredger A China State Shipbuilding Corporation (CSSC) subsidiary has signed a deal to build a new cutter suction dredger.
Awilco LNG back in black Awilco LNG has returned to profit in the third quarter thanks largely to a reduction in its voyage expenses.
Lamnalco ups orderbook Smit Lamnalco has returned to the newbuilding market after renewing a marine services contract with Shell in Gabon, Africa.
STX in bumper rig deal Sigma Drilling has ordered up to five deepwater drillships at STX Offshore & Shipbuilding in a deal potentially worth almost $3.5bn.
DeepOcean extends DSV DeepOcean has secured another 18 months of employment for one of its dive support vessels (DSVs), the company has confirmed.
Vantage orders drillship A Vantage Drilling-led joint venture has ordered a deepwater drillship at STX Offshore & Shipbuilding.
ILA, USMX trade barbs, but will meet Dec. 10 James A. Capo, chairman and CEO of USMX, issued a statement saying "ILA leaders view bargaining as a one-way street that leads only in their direction," while ILA president Harold Daggett retorted "USMX has continually played one port against the other but that strategy will not succeed."
Iranian national charged with illegal U.S. exports
Counterfeit winter hats seized in Atlanta
Thailand joins Proliferation Security Initiative
Port Manatee handles corn imports The Tampa Bay port this week discharged more than 52,000 tons of Brazilian-produced corn from the ship King Fraser. The corn is being imported to offset drought-stricken U.S. production shortfalls and will be used for animal feed.
APL acquires customs broker Carmichael "Customers want the global player, they've gone more to strategic partnerships. So we felt the timing was right. Carmichael saw this too - they just didn't have other services to offer," said APL Logistics Vice President Tony Zasimovich.
Talks with LA/LB clerks break down, disruption 'likely' The harbor employers said Tuesday "the OCU has reversed course and once again called an end to negotiations in a move signaling that further OCU-initiated disruption in the L.A./Long Beach ports is likely."
SEIU workers disrupt Port of Oakland About 150 employees demonstrated at various sites around the port and a half-dozen ships were not worked Tuesday. The port has been negotiating a new contract with SEIU Local 1021, which expired in July 2011.
State steps into Portland port guard contract talks
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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