Around EUR 400 million to be ploughed into Carinthia's motorways Asfinag, the company that finances Austria's motorways and high-speed highways, plans to invest more than EUR 400 million in widening and modernising motorways in the state of Cari...
Hellmann Worldwide Logistics steps up rail transport services Hellmann Worldwide Logistics, an Osnabruck (Germany)-based logistics service provider, began to operate a rail solutions service for urgent general cargo shipments in 2004. Now Hel...
Irún - Jundiz (Vitoria) rail link terminated The Spanish rail service provider Renfe terminated the Irún - Jundiz - Irún service on 6 May 2012. The move was due to lack of demand. The German intermodal transport provider, Kom...
Logesta celebrating tenth anniversary Logesta, a Spanish company that specialises in long-distance road haulage, increased its economic sales from EUR 36.8 million to EUR 137.84 million in the last ten years. In ...
OOCL to increase rates With effect from 15 June, Orient Overseas Container Line (OOCL), a subsidiary of Orient Overseas (International) Limited (OOIL), will apply a general rate increase (GRI) of USD 200...
JadeWeserPort joins SPC The German port implementation company JadeWeserPort Realisierungs GmbH became a member of the association that supports the Bonn (Germany)-based ShortSeaShipping Inland Waterway P...
France: Frédéric Cuvillier new minister of transport Frédéric Cuvillier has become minister of transport in the new French government. Nicole Bricq, the minister of the environment, will be the deputy minister for transport and the m...
Hong Kong airport prolongs CEO's term of office The Airport Authority Hong Kong (AAHK) is extending its CEO Stanley Hui Hon-chung's term of office by two years from 1 February 2013. Hui was appointed CEO of AAHK in February 2007...
FAA proposes USD 395,850 civil penalty against US Airways The USA's Federal Aviation Administration (FAA) is proposing a USD 395,850 civil penalty against US Airways Inc, based in Tempe AZ, for allegedly violating the US Department of Tr...
Boeing delivers UK Royal Air Force's eighth C-17 Globemaster III The US aerospace giant Boeing recently delivered the United Kingdom's eighth C-17 Globemaster III to the Royal Air Force (RAF). The first RAF C-17s entered service in 2001 and have...
Cargolux launched weekly service to Manaus Luxembourg-based Cargolux Airlines International launched a B747-400F airfreight service to Manaus (Brazil) on 18 May. The city is the capital of the federal state of Amazonas whic...
Flash Europe takes over Roberts Europe The express logistics company Flash Europe took over the direct courier service provider Roberts Europe, based in Maastricht (Netherlands), with effect form 10 May 2012. Details of...
Post Nord AB gets the go-ahead for two acquisitions The Danish-Swedish mail service provider Post Nord AB posted a Q1/2012 turnover of SEK 9.993 billion (EUR 1.093 billion), a slight decrease of less than 1% compared to the previous...
GLS and Itella Logistics working together in the Baltic region The GLS Group has teamed up with Itella Logistics for the export and delivery of parcels to Lithuania and Latvia. As both parcel specialists have already been working together in E...
Gibraltar Strait eyes hub growth Regional transhipment capacity will nearly double by 2015
Algeciras and Tangier gear up for bigger ships Ports position themselves for ultra-large containerships
Arab Spring casts spotlight on labour Moroccan port workforce joined calls for reform
China feels the pinch Economic planners change their tune as trade slows
A flat marine market is no bad thing Things could be worse after year of record natural catastrophes
P&I clubs say results are robust in spite of high claims volatility Turbulent and and uncertain investment markets also take toll
Downturn claims youngest vessel sold for scrap Youngest vessel to be demolished since global financial downturn began
Tyne urges Liverpool to repay cruise terminal grant in full UK northeast port calls on European Commission to investigate past funding
Germany's smaller owners fear looming insolvencies Small and medium-sized outfits heading for crisis without a recovery in charter rates and support from the banks
Costa reacts first to Greek cruise liberalisation Costa Atlantica headed for Crete and Rhodes this summer
Cargo uptick fails to push aframax market out of stupor Asian time-charter deal at $9,500 per day fails
Sanctions among 'array of problems' vexing shipping Greek shipowners' leader Theodore Veniamis sounds confident note ahead of Posidonia 2012
Panamax market in 'stand off' between owners and charterers Spot rates set to continue declining over the next week as more tonnage becomes available
Defendant's absence disrupts Novoship trial Unclear when Mr Mikhaylyuk will be well enough to attend court
Almi hires ex-UBS man to secure finance for future LNG spree Souyoutzoglou to secure funds for projected $1.6bn fleet expansion
Sevan on track with FPSO Sevan Voyageur delivery to Teekay Offshore specialist posts $8.1m first-quarter net profit
Costa Allegra repairs still on hold due to possible sale Cruiseship remains berthed at Fincantieri Shipyard
Athens and Korea stock exchanges agree shipping listings pact Dual-listed owners tap a larger investor pool, claim bourses
Double standards Given the different attitudes that exist across the IMO member states, it will be difficult to find common ground on standards for armed guards
Damco unveils east-west split for Europe Logistics firm divides business between mature and emerging markets
Cobelfret received no 'special treatment' to drop Sanko claim Belgian firm among three claimants pursuing Japanese operator in Baltimore court
China's thermal coal and iron ore orders face default or delay At least six coal cargoes re-offered on discount
Drought threatens next Australian grain harvest Forecast drop in exports could get worse
Seaway pipeline reverses its flow Pumping oil out of US flags long-term export trend
Vale denies cutting out Cosco Mining giant says it has chartered seven Cosco ships this year
Graig China to supervise Global Union suezmax contract Unit of Cardiff-based Graig to oversee building of 10 tankers at Rongsheng
Liverpool must repay grant to target turnaround cruise calls UPDATED: Rivals say port must repay all public funding
DFDS reports revenue drop UPDATED: Falling UK demand and North Sea overcapacity erode first-quarter results
Singapore's rising star Singapore should find a way to bottle its initiative and sell it to other hubs
French unions call STX strike Demand for nationalisation of St Nazaire yard
Sasebo profits plunge 84% JAPAN'S shipbuilder Sasebo HI said profits for the fiscal year that ended 31 March 2012 plunged 83.6% year on year to ¥734M ($9.2M), from ¥4.478Bn
Upside seen for box shares CIMB Securities today predicted shares for box shipping groups, which slid over the past fortnight, would rebound in 2H12
Capesizes defy weak breaking sector SALES of Capesizes for demolition are defying the slide in ship scrapping prices
DFDS stumbles to losses DANISH shipping and logistics group DFDS ran up 110M kroner in net losses ($19.9M and €14.8M) during the first quarter, from profits of 7M in that period of last year
Boyden debuts drybulk ratings GLOBAL Hunter Securities officially unveiled its drybulk coverage today, led by veteran analyst Natasha Boyden, who left Cantor Fitzgerald in March
Iran crude gets through INDIA'S Mangalore Refining & Petrochemicals obtained insurance from an unidentified Iranian provider for a crude cargo from Iran, IHS World Markets Energy reported today
SinOceanic gets $164M LOAN DEALS have raised $164M in short-term funding for SinOceanic Shipping
'KG Nouveau' predicted GERMAN shipowners are preparing for stark changes in how they raise equity, Germany's VDR shipowners' association told Fairplay today
Chinese LNG imports seen rising 40% CHINA is expected to import 18.1Bn m³ of LNG this year, up 40% from last year, the Shipping China 2012 conference heard today in Shanghai
Panamax bulkers trend down RATES for Panamax bulkers are falling nearly across the board, with only Continent/Far East routes bucking the trend
VLCC rates surge on fixing for June journeys BROKERS told Fairplay today VLCC owners fixing already for June are giving the sector reason for optimism this week
Sanko cancels LPG ship order EMBATTLED Japanese shipowner Sanko Steamship has cancelled a very large gas carrier ordered at compatriot yard Sasebo HI
For-Hire Truck Tonnage Dips 1.1 Percent in April For-hire truck tonnage dropped 1.1 percent in April from March, but grew at a slightly faster year-over-year pace, 3.5 percent,...
NY-NJ Port Authority Seeks Back Rent From Auto Processor The Port Authority of New York and New Jersey said it has given the port's largest auto processor eight days...
US Third-Party Logistics Revenue Up 5.9 Percent U.S. third-party logistics providers' net revenue rose 5.9 percent in 2011, led by domestic transportation management and value-added warehousing and...
Truckload Capacity Flattening, Survey Shows Capacity at a group of seven large truckload carriers dropped 0.6 percent from a year ago in the first quarter...
Labor Minister Attempts to Prevent Canadian Pacific Strike Canadian Labor Minister Lisa Raitt plans to meet with representatives of Canadian Pacific and a railroad union today in an...
Ocean Carriers Plan to Double Scrapping This Year Ocean carriers and shipowners are set to scrap container ships totaling more than 200,000 20-foot equivalent units capacity in 2012,...
Damco Volume Grew in First Quarter Damco, the logistics unit of the A.P. Moller-Maersk Group, posted increases in first quarter volume, revenue and gross profit, but...
RailAmerica for Sale, Report Says The owner of RailAmerica, a short line and regional railroad holding company, is reportedly trying to find a buyer for...
DFDS Faces First Quarter Losses DFDS, Europe's biggest integrated short sea shipping and logistics company, slumped to a 97 million Danish kroner [$16.7 million] pre-tax...
New Geared Container Ship Joins Safmarine Fleet Safmarine took delivery of its latest container ship on Monday, the Safmarine Chachai, which was specially built for the African...
Hapag-Lloyd to Raise India-Europe Freight Rates Hapag-Lloyd will implement a general rate increase on its services from India to Europe and the Mediterranean. The planned...
Safmarine takes control of latest WAFMAX ship Safmarine has taken control of its third 4,500TEU capacity WAFMAX-class ship. The vessel will be deployed in the carrier's weekly Asia/West Africa service which ...
Geodis Wilson launches trucking between China and ASEAN Logistics company Geodis Wilson has announced that it is expanding its truck operations in Asia to include China - an extension of its existing routes through Singapore, ...
Evergreen starts South Asia/Middle East shuttle service Evergreen Line is to start a new service between southern India/Sri Lanka and the Middle East in early June. According to a brief announcement issued by Taiwan's ...
TPT adds new cranes in Durban Durban-based Transnet Port Terminals (TPT) has taken delivery of the first two in a series of six mobile cranes for its multipurpose Durban Ro-Ro Maydon Wharf Terminal ...
MOL ups its coverage of China/Middle East via new partnership MOL has boosted its coverage of the China/Middle East market by joining K Line, Pacific International Line (PIL) and Wan Hai's existing service next month.Dubbed ...
Ruscon to improve Russian rail service Ruscon aims to improve the reliability of its rail services in Russia through the provision of more owned railway equipment. The Russian-based logistics agent has ...
Thai economy resurfaces after floods After suffering the worst floods in more than half a century in 2011 - stymieing manufacturing and prompting production suspensions around the world, as shipments ...
Second-time also lucky for Karin Schepers A report by the UK's Marine Accident Investigation Branch [MAIB] on the investigation of the grounding of the BG Freight-chartered 803TEU Karin Schepers off the ...
Freight rates cruising for a bruising The latest information from the Shanghai Shipping Exchange (SSE), which is supported to some extent by the World Container Index, shows that the comparatively high ...
Solvang cited US Coast Guard port inspections result in detention of Norwegian gas carrier, OSG tanker, ER Schiffart boxship and others.
Sanko Mineral still in custody Cobelfret won't be given a better seat at the bargaining table after dropping claim as talks to free ship continue, Sanko says.
Let's make a deal Creditor frees chemical tanker caught in the middle of $55m charter battle after penning new pact with Berlian Laju.
Golar LNG Partners downed John Fredriksen's FSRU spin-off sees Q1 earnings eroded by costs of adding Golar Freeze, but margins improve.
Boyden back in business Former Cantor Fitzgerald analyst wastes no time in starting up shipping coverage after clocking on at Global Hunter Securities.
MOL joins rivals Japanese owner adding one post-panamax to Middle East service operated by K Line and others.
DFDS falls to a loss But Danish owner sticking to profit forecast for 2012, despite over-capacity in North Sea ro-ro market.
Dung on the run Police hunt Vietnamese owner's former chairman in mismanagement case after he fled before arrest.
Will you see an end product? Clarksons questions if now is the right time to wade in with MR and LR newbuilding contracts.
Dark day for boxship Zodiac vessel held in Hong Kong after inspectors found faults relating to insufficient lighting.
Vale rubbishes boycott talk Brazilian mining giant says claims it is shunning the Chinese owner's vessels are wide of the mark.
Yard window wide open Deutsche Bank spots an opportunity for investors in South Korea's major shipbuilders despite economic black clouds.
Sevan switches to black Teekay-controlled FPSO firm books a profit in the first quarter as restructuring efforts near an end.
Passenger in toilet trouble UK man avoids jail after storming bridge of Red Funnel ferry in search of convenience.
US shipping stocks see rally Frontline, OSG and Eagle Bulk all up over 10% Monday as Wall Street snaps a six-day losing streak.
World Bank sees logistics performance slow down "Unfortunately, the logistics gap between rich and poor countries continues and the convergence trend experienced between 2007 and 2010 has stalled," said bank official Otaviano Canuto.
Flextronics: U.S. sourcing may shift more to Mexico Company projections show Mexico will become a cheaper production route for getting goods to the United States over the next 10 years as prices in Europe and China flatten out due to continued increases in transportation costs.
GAO says information-sharing reduces duty evasion CBP urged to create a policy and a mechanism for sharing information among ports regarding the use of higher bond amounts to help prevent evasion of antidumping and countervailing (AD/CV) duties.
Maersk's truncates Expreso loop The ocean carrier has converted its North America-to-Central and South America Expreso service into an exclusive Central America feeder, dropping previous calls in the Gulf Coast of the United States and Mexico as well as the north coast of South America.
NVO Countdown - No. 8 In the 12-month period from May 2011 through April 2012, SeaMaster Logistics, a Hong Kong-based subsidiary of New Jersey-based Summit Logistics, moved 133,805 TEUs on U.S. inbound trades.
Iran sanctions worry Asian shipowners
MOL joins Far East/Mideast loop
Geodis Wilson expands Asia trucking in China
CaroTrans adds breakbulk, ro/ro unit
COSCO hikes Asia-ECSA rates
Safmarine gets new Africa-specific ship
Canadian labor minister summons Teamsters
SC exec arrested for illegal exports to Iran
Zim sets peak season surcharge
Latin America growth lures Asia 3PL
SBS makes Hansen VP of U.S. Southeast
GPI to serve Virgin in Japan
U.S. Ex-Im Bank works with Colombian bank
U.S. allows celery, arugula, spinach from Colombia
APL receives premier environmental award 'We hope that our award win will serve as an industry benchmark and encourage others to similarly strive for environmental improvements.'
EU moving towards early date for 0.50% sulphur limit Environmental groups welcome commitment that EU 'wants cleaner fuels earlier rather than later'.
North European bunker markets firming on Tuesday Good demand and avails in Hamburg.
Little movement in Fujairah bunker prices No 180 cSt avails in Cape Town until further notice.
Noble Bunkers to enter Gulf of Mexico bunker market Player plans to supply ECA Compliant fuels.
Supplier sees surge in bunker sales in Russian Far East Rosneft's volumes up by 34% in Q1.
Eqypt to 'more than double bunker volumes' Growth to come on the back of the the opening of bunkering facilities at Port Said East Port on the Suez Canal.
Bunker prices climbing in Asian ports No reports of problems with avails.
Managing director leaves Singapore office of Fratelli Cosulich Ronnie Yeo to pursue new roads and career opportunities, says board member.
Singapore ship chandlers and bunkering trade up in Q1 Increases were 'due largely to higher prices compared to a year ago', says Department of Statistics.
Canadian oil firm 'evaluating' future of Dartmouth refinery Imperial Oil's Dartmouth refinery produces marine fuels, among other materials.
Staff promotion at Marinoil Amelia Chapa has been promoted to sales manager.
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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