Scania builds a new plant for trucks and buses in India Scania Commercial Vehicles India has laid the foundation stone for its new industrial plant in Narasapura, Bangalore. The factory, which is being built on a site of around 140,000 ...
IDS Logistik reorganises fleet The partners of IDS, Germany's largest general cargo alliance, placed an around EUR 10 million order for 883 high cube box and curtain-side trailers in July. The new units represen...
QR National awards contract for Australia's Wiggins Island rail project QR National has awarded the second major construction contract for the Wiggins Island rail project, one of Australia's largest rail infrastructure schemes. The AUD 56 million (EUR ...
VTG reports slight increase in turnover and new business The Hamburg (Germany)-based wagon hire and rail logistics company VTG Aktiengesellschaft reported that its H1/2012 revenue rose slightly to EUR 379.9 million, 1.6% more than the E...
Air Partner launches freight calculator app Air Partner has become the first aircraft charter broker to launch a freight industry piece fit application. The free multi-lingual (British and American English, French, German, I...
World's largest auto carrier makes maiden call in Bremerhaven The 265 m long "Salome", currently the world's largest car carrier, made its maiden call at the BLG Autoterminal in Bremerhaven (Germany) on 15 August. The vessel operates a liner ...
UK packaging company guilty of safety breaches A West London packaging company has been fined GBP 25,000 and GBP 6,630 costs for attempting to transport improperly packed dangerous goods on a cargo flight from Heathrow airport ...
Cargo accident at Chennai airport A van lost control and ploughed into a cargo loader at Chennai airport (India), leaving the driver and his co-passenger injured. According to sources, the vehicle suddenly veered o...
Port of Antwerp with new head of shipping management Rik Verhaegen was appointed head of shipping management at Antwerp Port Authority (Belgium) on 6 August. He began his maritime career in 1981 as an ocean-going ship's officer and l...
Leroy Merlin augments contract with Gefco Italy Leroy Merlin, one of the leading French DIY chains and a client of Gefco in Italy since 2007, has decided to step up its collaboration with the logistics service provider's Italian...
Damco and EBL create logistics hub in Panama A strategic partnership between logistics service provider Damco and Exclusive Brands Logistics (EBL) is generating new opportunities for optimising supply chains for fashion indus...
Menlo working for Neil Phillips Stained Glass Neil Phillips Stained Glass, a UK manufacturer and restorer of traditional style stained glass, is tapping into a new e-commerce sales medium, having joined the growing base of com...
Klug selected as interim port director of Tampa The Tampa Port Authority FL (USA) announced on 21 August that Charles Klug, the authority's deputy port director of administration and port counsel, was selected as interim port di...
Scandlines ponders rescue options for stricken P+S Bankrupt German builder pleads with customers to help
Owners withdraw ships as supramax rates slump Tonnage idled as new business is refused in Africa and India
A newbuilding is a zero-yield investment No profit for first three years on the water, say DNB equity analysts
Broström to switch HQ to Denmark Maersk unit relocates from Sweden
Trident wins Sami certification US private security firm criticised for excessive force gets industry recognition
MSC Flaminia to be towed to Jade-Weser-Port Decision sparks protests from Wilhelmshaven politicians and green campaigners
Pipeline attack threatens Yemen's LNG exports Gas terminal shuts after sabotage blamed on terror groups
Survival of the fittest? Is winning about well-honed strategy or does dumb luck come into it? Reader, you decide
Navios reports 'solid' second quarter Higher revenues from South America logistics arm offset fall in dry-bulk earnings
The song remains the same Tough times and labour unrest are a grim reminder of the 1970s
Strike threat rises as negotiators walk out of US docker wage talks Automation a sticking point in USMX and ILA discussions over east and Gulf coast contract
Daggett's double speak ILA accepts automation in Virginia yet opposes it at other ports
Shih Wei picks up handysize bulker in resale Taiwanese shipowner pays $25m for 32,000 dwt vessel
Carlyle Group and Deutsche Bank arm bid to run Virginia port operations Updated: Investment groups go head to head with APM Terminals
Sinoceanic takes a hit as loans eat into profit Major shareholder HNA seeking cheaper Chinese financing
Rena case adjourned to October Lawyers for Maritime New Zealand and Diana Shipping need more time to prepare
Paragon ekes out second-quarter profit Box Ships stake aids bottom line as bulk revenues suffer
Germany gives MSC Flaminia refuge Struggle to secure stricken vessel highlights states' rights and responsibilities
Higher prices and state contracts lift Hurtigruten's first-half results But cruise-ferry firm sees 'challenges' in Europe's economic woes
Golar LNG shuns longer charters as spot market strengthens While tightened tonnage supply sees charter rates rise, preference is moving towards rapid increases in spot trades
Sinotrans Shipping eyes newbuilding orders Sinotrans & CSC group's Hong Kong-listed unit looks for opportunities to order supramax and handysize bulk carriers
Consolidation beckons for LNG shipping, says Livanos GasLog boss sees advantages for established players in growing market
US group fined for IRISL ties GRAND Resources USA was slapped with a $402,000 fine for using IRISL, the US Treasury Department asserted
Cruise lines brace for Isaac WITH Tropical Storm Isaac predicted to strengthen, several cruise lines are weighing plans to alter routes
India's steel usage grows CHINESE growth is slowing, but growing Indian steel consumption offers hope for coking coal and iron ore shipments
PDVSA, Reliance make an oil supply deal VENEZUELA'S oil major PDVSA has announced an agreement to supply India's Reliance, implying a positive tonne-mile effect for crude tankers
No laughing matter, this cruise settlement A RETIRED Irish construction worker has reportedly won a settlement from Carnival Cruises after complaining about 'Paddy' jokes told on the company's ships by comedians
Navios Holdings falls short ANGELIKI Frangou-led Navios Holdings today announced lower profits than expected, but confirmed a strengthened balance sheet and lower costs
EC approves LNG fuel JV THE EC has approved a venture planned by Germany's Marquard & Bahls and Linde groups to supply LNG for bunkering in northern Europe's SECA
Oil storage terminal JV in Malaysia scrapped CHINA Aviation Oil said today it has aborted plans for a Malaysian oil storage terminal venture
China's imports of steam coal rise 41% CHINA imported 13.86M tonnes of steam coal in July this year, 41% up on July last year
HK Sinotrans unit's profits drop 64% HONG KONG-listed Sinotrans Shipping said today profits for the first six months of this year were $20M, a 64% drop from the same period of 2011
China and India slash crude cargoes from Iran CHINA and India have slashed their intake of Iranian crude to comply with US and EU sanctions
BHP sparks mining scare BHP BILLITON'S move to shelve $50Bn in Australian mining and port expansion projects sparked renewed debate today on whether Asia's boom times are over
Golar LNG's profits boom GOLAR LNG of Norway has increased quarter-to-quarter profits by a factor of seven times
Nam Cheong sells three ships for $44M MALAYSIA'S offshore support vessel builder Nam Cheong said it has sold two AHTS vessels and one PSV for $43.81M
Fortescue's profits rise 53% AUSTRALIAN miner Fortescue Metals posted profits of $1.56Bn for its full financial year, up 53% year on year
ATA: US economy 'lost steam but not stalled' The American Trucking Associations' [ATA] for-hire truck tonnage index - a widely used barometer of the financial health of the US economy - was unchanged in July ...
Russia gears up for expansion Russian ports clearly see a bright future ahead, either because of the country finally joining the WTO this month, or the Government's pledge to distribute income ...
AgTC boss hails FMC index proposal as 'creating level playing field' The executive director of the US Agriculture Transportation Coalition (AgTC) Peter Friedmann has welcomed consideration of a US agri export freight rate ...
CMA CGM to increase transatlantic rates CMA CGM has announced that it intends to target freight rate increases from Northern Europe to the East Coast of North America on October 1, 2012. According ...
Strike threat as USEC ILA talks break down Labour contract negotiations on the US East Coast have crumbled after the United States Maritime Alliance (USMX) slammed the International Longsgoremen Association ...
MSC Flaminia: Wilhelmshaven confirmed After more than five weeks of negotiations the fire-ravaged boxship MSC Flaminia has finally been granted a port of refuge at the newly-constructed German deep ...
Asciano posts higher fiscal year results Asciano, which owns Patrick Stevedores and is one of the biggest operators of container terminals in Australia, has posted a good set of results for its fiscal ...
Regional variations will colour future container-handling activity In its latest annual report; Global Container Terminal Operators Annual Review & Forecast 2011, Drewry Maritime Research has concluded that there will be ...
The naughty professor The family of a man killed in an Aurora, Colorado movie theatre last month is urging the US Merchant Marine Academy at Kings Point not to dismiss a professor who made a joke about the attack in class.
Money to burn Paragon Shipping's chief executive is confident the Greek bulker owner has what it takes to ride out the market downturn.
Flaminia lands in court A company with cargo tied to the stricken German containership MSC Flaminia has filed a lawsuit against the vessel and its owners in the Southern District of New York.
Navios stalls in the second Navios Holdings takes a hit but still manages to turn in a modest quarterly gain.
GSI profit plunges Guangzhou Shipyard International is the latest Chinese shipbuilder to report a sharp decline in first half profitability.
Coastal crackdown Hong Kong and Chinese authorities are to target small coastal boxships in a September safety drive.
GMLP follows parent Golar LNG Partners has followed parent Golar LNG's example and ramped up its second quarter dividend payment.
Rongsheng cuts engine deal Shipbuilder China Rongsheng Heavy Industries has scrapped a deal to buy vessel engine maker Anhui Quanchai Engine.
Flaminia heads home Owners of the badly fire damaged containership MSC Flaminia have finally found a port prepared to accept the ship.
Golar divi cheered Golar LNG has won applause for its surprise dividend hike in a second quarter which saw its other numbers measure up with expectations.
Maybulk profit tumbles Malaysian Bulk Carriers is in the hunt for new tonnage and long term charters despite the downturn in the dry bulk arena.
Heisco heads downward Kuwait Heavy Engineering Industries & Shipbuilding (Heisco) has endured a weaker first half as profit fell.
Box Ships boosts Paragon Paragon Shipping booked a small profit for the second quarter with the aid of its separately-listed containership venture, Box Ships.
Jireh cut up Salvage teams have begun removing the grounded cargoship Jireh bit by bit off Puerto Rico.
CSDC delays deliveries China Shipping Development Co is renegotiating the delivery schedule of its entire order book after plunging into the red in the first half.
Oceanteam back in black Oceanteam Shipping is primed to profit from the growing demand for harsh and deepwater pipe and reel-lay vessels from next year onwards.
Tianjin kills cape Chinese owner Tianjin Ocean has weighed in one of its two capesize bulkers.
Grandweld adds duo Dubai's Grandweld Shipyards has won another crewboat order from domestic owner Global Marine Operation.
Gas hope for yards US shale gas demand could require over 250 LNG vessels costing over $50bn, Barclays Capital says.
2Go goes backwards 2Go Group, the merged ro-ro operation of Aboitiz and Nenaco, has swung to a second quarter loss.
Domestic bliss Improvements in the Norwegian coastal trade boosted second quarter profit at Hurtigruten.
ENVC offers in Portugal's struggling shipyard Estaleiros Navais de Viana do Castelo (ENVC) has received six bids as its sales process hots up.
Siem hit by strong dollar Siem Offshore has slumped to a loss of $17.6m as the stronger US dollar wreaked havoc with other currencies.
Interest hurts SinOceanic Oslo-listed SinOceanic Shipping is hunting cheaper financing for its boxships as loan costs widened first-half losses.
Stolt lines up bond raid Stolt-Nielsen is plotting a return to the Norwegian bond market to raise up to NOK 1bn ($175m).
Golar profit soars Golar LNG's earnings have jumped in the first half as rates for LNG carriers rose.
Hill aides visit Baltimore to learn about ports "This port tour gave our policymakers' staffs valuable exposure to the size and scope of port operations, and enhanced their understanding of the challenges facing our nation's ports," said Rep. Janice Hahn, co-chair of the Congressional PORTS Caucus.
Fujitsu starts service around logistics KPIs
CMA CGM joins transatlantic rate increase chase The line said Thursday it will increase rates by $300 per 20-foot container and $400 per 40-foot container from Northern Europe and the Mediterranean to the U.S. East Coast. It will also hike rates from Northern Europe to Canada and Mexico.
Flaminia finds a home The 6,732-TEU MSC Flaminia, hit by an explosion while en route from Charleston to Bremerhaven, is being towed toward British territorial waters before eventually heading to Wilhelmshaven in northern Germany.
'Stakes are high' as ILA contract talks break down
ABS to partner with ESRG
Conflict mineral rules to test retailers The SEC voted 3-2 on Wednesday to approve implementing regulations which require publically traded companies to determine whether their products contain "conflict" minerals from the Democratic Republic of the Congo.
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