Canadian Trucking Alliance and CargoNet join forces to combat cargo theft in Canada The Canadian Trucking Alliance (CTA) and CargoNet, a leading source of supply chain security risk analysis, are working together to help motor carriers introduce an additional laye...
Union Pacific Railroad invests for Illinois infrastructure improvements The US-based transport service provider Union Pacific Railroad is enhancing the state of Illinois' transportation infrastructure by investing nearly USD 8 million in the railway l...
DB Schenker Rail starts fitting whisper brakes The German state railway, Deutsche Bahn (DB) has presented the first of 1,250 freight cars that are to be retrofitted with composite brake blocks, as requested by the country's fed...
Germany's light truck manufacturers successful in USA Germany's vehicle manufacturers have seen sales of light trucks grow markedly in the US market. The latest statistics from the German automotive industry association (VDA) show tha...
Hactl on good growth path A strong September 2012 result for Hong Kong Air Cargo Terminals Limited (Hactl) - the major air cargo handler at the world's largest air cargo hub - has seen the company pull ahea...
Gulf Air Cargo marks a major milestone with the launch of e-AWB Bahrain's national carrier Gulf Air has achieved another major milestone with the launch of the electronic air waybill (e-AWB), replacing the traditional paper air waybill that con...
Port of Antwerp experiences slight decline in freight volumes The port of Antwerp (Belgium) handled 138.9 million t of freight in the first nine months of the current year. This represents a drop of 2.2% compared with the same period last yea...
Jungheinrich chosen as Ceva's top supplier in Northern Europe At a ceremony held recently in Spain, Ceva Logistics, one of the world's leading supply chain management companies, named materials handling solutions specialist Jungheinrich as it...
BigMove: two members appointed to the executive board The executive board of the heavylift cooperation BigMove has been reinforced by two new members. One is Georg Tietz, managing director for engineering at Hegmann Transit GmbH, who ...
DB Schenker increases PVMI warehouse capacity in Mexico DB Schenker Logistics has opened a new state of the art logistics centre in Guadalajara (Mexico). The new 12,600 sqm warehouse, located in the Guadalajara technology industrial par...
New West African airline starts services Today (22 October 2012), the new airline Gambia Bird is commencing scheduled services across West Africa and into Europe. The national carrier is supported by the Germania Gro...
Militzer & Münch selects Kostas Sandalcidis as regional managing director Militzer & Münch (M & M), a global transport and logistics provider based in St Gallen (Switzerland), has appointed Kostas Sandalcidis as regional managing director for the...
Germany: River Elbe not to be deepened The German Federal Administrative Court (BVerwG) has declared that dredging on the River Elbe between Hamburg and Cuxhaven must stop for the time being, thereby supporting nature a...
Industry calls for standards on fuel efficiency claims Backlash against claims by equipment makers and yards for so-called greener designs
Wärtsilä cuts jobs as it scales down fuel cell development But company reports third-quarter order intake that has nearly doubled year on year
Drinking, lethargy and sleepless nights: the hidden scars of piracy Shipowners leave survivors to tackle their mental health problems alone, claims damning report
Governments display 'great diversity' in handling of international liability conventions Guidelines to aid cohesion will be difficult to create, says CMI working group
Piracy before the days of best practice advice 'If you resisted, you ended up with a bullet through your head,' says Plymouth University lecturer Jonathan Challacombe
OSG director's resignation said to be key to post-mortem
Dover privatisation heads for that game-changing moment DHB transfer debate will generate fresh thinking about UK trust ports
Salalah port chief warns over boxline capacity cuts Carriers scaling back Asia-Europe capacity miss out on growth into East Africa and India markets, says Ford
Elvictor eyes private share placement Fundraiser would be among the first by a crew manager
Cash flows Restructuring can be long, costly and painful, so cashflow is vitally important
More feeder capacity for Black Sea As citrus season looms, CMA CGM announces link for Turkey and Egypt to Russia
Updated: OSG mulls Chapter 11 move Financial statements for last three years unreliable, tanker major admits
Thirteen crew released from Orna Part-release is understood to be result of pirate infighting
Surge of business for India breakers Yards return to work after strike following fatal incident at Alang
Kinko Maru sells for price below estimates Sale points to continued downward long-term trajectory for the workhorses of the tanker industry
Seven jailed after first German piracy trial Sentences of six to seven years handed down for attack on boxship Taipan
More pirate attacks in Togo this year than last five combined, says IMB Piracy success rate high in Indonesia
DP World sells Vostochnaya stake Sale of 'legacy investment' raises $230m
VLGC owners seek refuge in early drydocking Vessels being taken out of the market as rates fall towards operating costs
HSH denies seeking further support But bank looks to ease pressure on risk-weighted assets
Nordic American unveils loan refinancing Company to make do with $430m as Hansson hails expansion prospects of 'preferred borrower' status
Keep calm and keep the cash flowing Torm restructuring may cost its chief executive dearly, but he knows he has done his best
STX O&S wins $672m drillship deal South Korean yard wins second offshore order since September
Hammond confirms cruiseship carer exemption Ferry operators must provide free travel for companions of disabled
Comment: Do it now Too many struggling shipping companies appear to prefer procrastination to undertaking a restructuring
Crédit Agricole to keep majority of Greek portfolio despite sale Alpha shipping book expected to rise to about $2.6bn with influx from Emporiki
OOCL enjoys better third quarter But profitability will likely weaken towards year-end after peak season, say analysts
Zodiac tops Maersk Line fuel efficiency charts Time charter partner's vessels beat carrier's own fleet
Rongsheng wins up to four deepwater tender barges China's largest private yard secures its second offshore order
Restructuring crunch yet to come, says Norton Rose partner Shortage of expertise and resources could emerge, Stonebridge argues
MSC sues Bernuth Lines MSC HAS sued Florida's Bernuth Lines, seeking $4.2M related to the 2010 sinking of the box ship Angeln
Tanker outlooks slashed TANKER rate forecasts were cut today by two leading shipping analysts, for both the second half of this year and 2013
Australia sentences smuggler in deadly grounding A SMUGGLER of migrants was sentenced today in Australia to 14 years in prison, IHS Global Insight reported
TAS profits rise 108% MALAYSIAN shipbuilder TAS Offshore today reported a 108% rise in third quarter profits
German judge sentences 10 pirates for 2010 attack A GERMAN judge has sentenced 10 Somali pirates to serve up to seven years in prison for a box ship's 2010 hijacking
IEA: oil supply disruption would hit Asia first ASIA'S growing oil demand means it will be the first to be hit by any Mideast supply disruptions, the IEA warned today
Strong winter market seen for LNG sector A FORECAST rise in LNG imports to Japan near Christmas remains likely to trigger a good winter market for LNG carriers, a shipping analyst predicted
NAT sets up credit facility NORDIC American Tankers said today it has agreed with banks to set up a $430M credit facility
Silence reigns on kidnappings off Nigeria OMINOUS silence has stretched into a second week since the kidnapping of seven seafarers off Bonny Island in Nigerian waters
Piracy drops in Asia PIRACY and armed robberies both dropped in Asian waters during the third quarter of this year, the ReCAAP Information Sharing Centre said
IMB confirms piracy drop THE DRAMATIC fall in Somali piracy so far this year has been confirmed in the IMB's third quarterly results
Seadrill might acquire Songa Eclipse rig SEADRILL said today it is looking to acquire the ultra-deepwater semisubmersible rig Songa Eclipse from Songa Offshore
Box rates continue fall CONTAINER freight rates are continuing to drop even as carriers try to make stick more general rate increases, from 1 November
Savannah Maritime Community Promotes Logistics Careers Freightliner Trucks Sales Executive David "Fish" Mihuta recently spoke to the Propeller Club of Savannah about the continuation of the Maritime Logistics Education Taskforce, a collaboration of resources designed to attract area high school students to careers in the logistics and maritime industry, Savannah Morning News reported. The program was developed...
Japanese Exports Plunge 10.3 Percent A territorial dispute between China and Japan may further hurt trade between the world's second and third largest economies this fall as new trade figures from Japan reveal that exports fell 10.3 percent year-over-year in September, the fastest contraction since the March 2011 earthquake and tsunami that devastated parts of...
Pirates Release Vessel But Not Entire Crew Somali pirates released the Orna, a Panama-flag bulk carrier, after almost two years of captivity, but later reneged on their agreement to free the entire 19-member crew. Reports said ship operator Sirago Ship Management could not secure release of six sailors, including five Syrians and one Sri Lankan, following a tussle between two...
Industry must learn from casualties like the MSC Flaminia The shipping industry urgently needs mandatory provisions for countries to provide a place of refuge for ships that need assistance, and timely and obligatory reporting ...
UK to emerge from recession? That is the prediction from analysts who expect that Thursday's released data will show a 0.6% rise in the UK's GDP for the third quarter - thanks mainly to the ...
Felixstowe: London Gateway not a 'game-changer' The war of words between the UK's biggest container port of Felixstowe, and the soon to be new-kid-on-the-block DP World USD1.5 billion London Gateway, is heating ...
Warring pirates holdback released seafarers
Islands spat hits Japan's exports to China The territorial dispute between China and Japan over a group of uninhabited islands in the East China Sea has hit the latter's exports to the former - shipments ...
S&P slashes OSG A leading ratings agency has downgraded Overseas Shipholding Group's debt grade in response to a filing in which the tanker owner warned investors about the possibility of bankruptcy.
Bondholders fear the worst Some of Overseas Shipholding Group's bondholders are actively courting legal counsel in case the cash-strapped US tanker owner were to seek Chapter 11 relief in court, market sources said Monday.
OSG crash continues Shares of Overseas Shipholding Group continued to plummet in midday trading Monday on the back of a securities filing in which the tanker owner admitted that it may pursue Chapter 11 bankruptcy protection from creditors.
Drybulk buffet If you're one of the many bulker owners trading tonnage in the spot market while waiting for rates to justify period work you may be in luck.
Clear as mud Swiss boxship giant MSC has won compensation in the US after it ended up shipping boxes partially full of mud to India.
Jefferies trims spot bets Jefferies has dimmed its crude tanker spot forecasts with limited demand and continued fleet growth hurting the market.
Bourbon crew safe Crew kidnapped from a Bourbon anchor-handler in Nigeria last week are safe and well, according to Russian diplomats.
OSG filing possible A Chapter 11 bankruptcy filing could be on the way for tanker titan Overseas Shipholding Group, the owner admitted this afternoon.
Shin Yang confirms loss Shin Yang Shipping of Malaysia has confirmed that one of its bulkers sank off Korea last week resulting in the deaths of five seafarers.
Boxship beats cable rap An Indian court has turned down a claim against a former NYK boxship accused of damaging an undersea cable en route to a breakers' yard.
Nakilat slumps Qatar Gas Transport Co (Nakilat) has experienced a sudden dive in earnings.
Euronav to sell? Euronav could sell off some of its ships in a bid to avoid turning to shareholders for cash, a leading analyst says.
Clarksons clocks spike A spike in interest for high-end drilling units has boosted the value of the offshore newbuilding orderbook, Clarksons says.
Offshore buoys Rongsheng Shares in Rongsheng Heavy Industries soared on Monday on optimism that the company has made a breakthrough in its bid to become a force in the thriving offshore sector.
Wuhu wins PSVs Wuhu Xinlian Shipbuilding of China has won a breakthrough order for its first ever supply ships.
NAT nabs new loan Nordic American Tankers has wrapped up a new loan with a trio of Scandinavian banks.
Reefer burns off Japan Japan's coast guard has rescued all 64 Chinese crew from a burning reefer off Okinawa.
Single hit off Somalia Pirate attacks on ships off Somalia tumbled in the third quarter with only a solitary incident recorded.
U-Ming takes resale Taiwan's U-Ming has emerged as the buyer in Glocal's latest bulker resale deal.
Big John buys from Blystad John Fredriksen's Seadrill has turned to Arne Blystad's Songa Offshore for its latest purchase.
Taipan ten jailed Ten Somali pirates have been handed jail terms of up to seven years in Germany.
DP World sells out DP World has agreed to sell its 25% stake in the management company that runs the Far Eastern port of Vostochny.
Peene deadline set An end-of-October deadline has been set for indicative offers in Germany's insolvent Peene shipyard.
OOIL to top bets OOIL is tipped to pass profit forecasts this year on the back of a strong third quarter showing.
Alang back in action India has shrugged off recent events at Alang to once again dominate the ship recycling market over the past week.
Dredger sinks Four crew have been rescued after a Danish dredger sank in the Kattegat.
Three breakers killed Three shipbreakers have been killed by a falling tank at Gadani in Pakistan.
STX does drillship deal Korea's STX Offshore & Shipbuilding has clinched a new drillship order worth $700m.
ADM bids for GrainCorp Commodities giant Archer Daniels Midland (ADM) has launched a $3bn takeover bid for Australia's GrainCorp.
Bahri seals Vela tie-up National Shipping Company of Saudi Arabia (Bahri) and Vela are to merge in a deal that creates the world's fourth largest VLCC owner.
Vale back at Chengxi Vale is to convert a second VLOC into a self-unloading transshipment vessel for use in the Philippines.
Orna reportedly released A United Arab Emirates owned bulker which had one of its crewmen murdered by pirates is finally free.
Seadrill spin-off sparkles Seadrill Partners, John Fredriksen's latest MLP spin-off, posted a strong start on its first day of trading in New York.
OOCL's 3Q revenue up 10.9% over same 2011 period Revenues in the first nine months of this year were $4.47 billion, 7 percent more than in the first nine months of 2011. Volumes for the same period was 3.9 million TEUs, 5.1 percent more than in the first nine months of last year.
Fraud scandal prompts shake up at Port of Oakland James Kwon, the maritime director at the center of the travel reimbursement-scandal at the Port of Oakland, was ordered to return from overseas business travel and immediately placed on paid administrative leave Friday.
K+N starts Belgium e-commerce system for LEGO
Colombia FDI surges in 2012
Hyundai to assess inland haulage fee in Korea
EU notifies UPS, TNT of antitrust concerns
U.S. intervenes in lawsuit against stevedore The U.S. Justice Department has intervened in a lawsuit that claims the Houston-based stevedore, Jacintoport International LLC, a division of Seaboard Corp., overcharged for loading food aid cargo.
MOL's intermodal on-time percentage lags
U.S. investigates Chinese plywood imports The U.S. Commerce Department has initiated antidumping and countervailing duty investigations of hardwood and decorative plywood imports from China.
Signs of Chinese initiatives on emissions Plans to test out MBMs for shipping at home could dovetail with global schemes under consideration at the IMO.
Bunker prices down in Fujairah Good avails in Suez.
'Soft' start to the week in European hubs Player reports quiet afternoon in Hamburg.
Eco ship concept extends to navies Fuel efficiency a focus commercial and naval shipping.
Report supports FAL's claim against UAE utility company Consultancy says counter claim 'unsupported by evidence'.
Low-cost emulsion fuel could help pay for 'scrubbers' Quadrise says stricter controls on shipping's emissions should give it a 'competitive advantage'.
Fuel-efficient tanker design from Wartsila includes built-in scrubber 'The realities of the shipping industry call for higher fuel efficiency, lower operating costs, and better environmental performance,' says company vice-president.
LPG carrier held in Fujairah over bunker arrears The fully-laden vessel has been detained since mid-September.
Petromedia congratulates Sibcon 2012 prize draw winners Edwin Phua and Ahmed Omar Eissa won subscriptions to Bunkerworld.
Week starts with falling bunker prices Supplies of marine fuels were fine at key Asian ports on Monday.
IRISL facing bankruptcy, says managing director Interview with Turkish newspaper reveals company's precarious economic position.
Singapore: Industry will not be forced to use flow meters Instead, industry players urged take up the system.
Bunker tanker owner launches fifth 'green' vessel MT Demure will be the second bunker tanker in Singapore to be fitted with the approved mass flowmeter system, it says.
IBIA: ISO 8217:2010 less popular in Asia 97.8% of bunker deliveries at Singapore still ISO 8217:2005 spec, says IBIA chairman.
Fuel changeovers 'exacerbated' vessel engine failures Shortage of fuel supply to generating engines accounted for 16% of reported blackouts, says UK P&I Club.
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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