TCB Railway increases volume by 23% Spain-based TCB Railway Transport, a railfreight company belonging to the terminal operator Grup TCB, has optimised its operations, achieving a cumulative volume of over 90,000 teu...
Air France-KLM-Martinair Cargo land first freighter at new Quito airport The Dutch carrier Martinair is the market leader in the carriage of fresh cut flowers by air from Ecuador, as it o...
Two COOs to manage Quehenberger's operational units Quehenberger Logistics has announced that Klaus Hrazdira and Christian Braunstein are to take joint control of its operational units from 1 January 2013. As COO, Hrazdira will be r...
Executive reshuffle at CFL cargo Denmark and CFL cargo Deutschland The railfreight service provider CFL cargo Danmark appointed Armand Bellomi as its managing director this month (October). In June this year, Bellomi became managin...
MAN participating in gigaliner field trials in Germany. Since the beginning of October, a 25.25 m long MAN road train (gigaliner) has been shuttling between the MAN logistics centres in Dachau and Salzgitter, transporting spare parts fo...
India: widening work starts on national highway 8 in Rajasthan Work has started to widen the Gomati ka chauraha-Udaipur section of India's national highway 8 (NH-8) in Rajasthan. The 83-km long section will be widened to four lanes on a design...
Paris to host Tiaca's Air Cargo Forum in 2016 On 3 October 2012 in Atlanta (USA), representatives of Paris-Charles de Gaulle airport, Air France-KLM Cargo and The International Air Cargo Association (Tiaca) signed an agreement...
Aegean Airlines to acquire Olympic Air The Greek carrier Aegean Airlines and Marfin Investment Group (MIG) have agreed on the sale of 100% of Olympic Air to Aegean. Following the completion of the transaction, Greece-ba...
P&O Ferrymasters and Horizon in one-stop shop alliance P&O Ferrymasters, one of Europe's biggest tailor-made logistics services providers, and Horizon International Cargo, one of the UK's leading independent freight forwarders, ha...
Globe Express Services expands in Middle East The logistics service provider Globe Express Services (Overseas Group/GES OG) has opened its Dammam terminal yard in Saudi Arabia (KSA), a 23,000 sqm facility that includes an open...
Huawei chooses DHL as its Hungarian logistics partner DHL's international presence, its vast experience in production logistics, reliability, unique bundling of quality service, capacity and fast implementation of solutions have led t...
Kuehne + Nagel launches e-commerce platform for Lego playmaterials Kuehne + Nagel Belgium has implemented a logistics e-commerce platform and warehouse management system for the Lego Group, one of the world's largest manufacturers of play material...
Evergreen Line and Hanjin Shipping announce winter programme for CEM/CUS service In response to the seasonal drop in market demand, the Taiwanese shipping company Evergreen Line and the South Korean carrrier Hanjin Shipping implemented a capacity adjustment to ...
Suffolk port packs a punch Felixstowe, the only UK port to handle ultra-large container vessels, squares up to its rivals
MPC links up with Thien & Heyenga As well as boxship marketing deal, company also gains major stake in Contchart
Contagious debt Engineering and maintenance firms join bunker suppliers in seeing unpaid bills
Keeping up with the Jones China's new cabotage regulation does not go as far as its US cousin
Advisers appointed for $1.8bn Scandlines sell-off Owners Allianz Capital Partners and 3i Group could dispose of Baltic ferry operator next year
OSG filing triggers DHT vessel writedown Tanker company charges hefty impairment for second time in a year
Slowdown in fleet growth linked to capesize rates surge Fresh analysis shows overlap between fall in deliveries and a jump in Chinese demand for iron ore imports
HES Beheer profits lifted 9.1% on higher liquid bulk volumes Botlek Tank Terminal joint venture with Noble Group expected to make 'positive contribution'
Your move, CSA China's shipowners lose a round in their spat with cargo owners
Singapore poised to start crucial role in LNG New import terminal will spur flexibility as cargoes are shipped on vessels on the spot market within Asia
APL in triple post-panamax boxship deal Three MISC vessels booked for year ahead
Euronav forecasts a winter chill for VLCCs Charters just barely cover the daily amount it costs to run a very large crude carrier
Samudera profits drop by 64% Fall comes despite 12% rise in volumes
HPH Trust sees quarterly profits drop 9% Slowdown in Europe and rise in costs hit bottom line
Wei mulls Arctic cruise shipping Is it a whim or a concrete plan in making?
JNPT expansion plans hit as PSAI concession is withdrawn Consortium's delays in signing contract puts $1.2bn terminal project at risk
ASF economics committee forecasts two more years of pain Liner shipping represents only partial exception
Ningbo Marine taken over by power company customer Move runs afoul of Chinese shipowners' plans
Minoan to add Trieste to Adriatic route Move aimed at bolstering traffic as Grimaldi appeals for service rationalisation
DFDS in ship reshuffle on Channel routes Changes designed to boost services from Dover to Calais and Dunkirk
OSG insists it can still pay its way No immediate risk of default for owners or suppliers, says company
OSG should produce a detailed restructuring plan Quick filing under Chapter 11 could be catastrophic
Costamare profit beats expectations Owner wins new charters to minimise rechartering risk
Chinese ports' box throughput rises 8% in the first nine months Country's northernmost port to build 200,000 tonnes ore berth
Maersk agrees sale of smaller vessels Former segment of Broström fleet to remain in Sweden under Thun Group
Only the lowest tier of PMSCs will die out, says PVI If prices fall, then so will standards, claims Mackenzie Green
Shell shipping chief calls for a sustainable solution in Somalia Sharing data across the industry needs to improve, says Henderson
IMB chief condemns cover-up of pirates' attempted attacks Shipowners fear further incidents while PMSCs keep silent because of concern over legal liabilities, says Mukundan
CSAV extends Virginia port contract CHILE'S box line CSAV has agreed on a five-year contract extension with Port of Virginia
Skou warns on box newbuildings MAERSK Line's CEO Søren Skou has warned that a new surge in newbuilding contracts for box ships could be risky in view of weakening industry fundamentals
MSC adds momentum to reefer rise SHIPPERS of perishable commodities are facing steep freight increases in 2013 as major carriers join Maersk's scheme to seek higher reefer rates
DHT: OSG still pays its bills OSG REMAINS current in its charter payments, but DHT's CEO Svein Moxnes Harfjeld confirmed on today's conference call that his group is preparing for the worst
MPC, Thien & Heyenga combine charter desks GERMAN shipping consolidation is progressing this week with a deal between shipmanagers/owners MPC Steamship and Thien & Heyenga to combine chartering units
Costamare says it's poised for more growth COSTAMARE has posted higher profits than expected and signalled heightened interest in asset-buying opportunities
China thinks carbon tax CHINA'S transport ministry told a Beijing legal conference today it is working on a carbon exchange or carbon tax for domestic shipping
DNB: Euronav could be forced into selling ships EURONAV might be compelled to sell some ships to avoid raising funds from the capital markets, said DNB Bank warned today
ICTSI buys 35% of terminal's shares PHILIPPINES port operator ICTSI has completed acquiring 35% of the shares in a Pakistani container terminal
Ningbo Marine acquired SHANGHAI-listed Ningbo Marine today received a bid for 64.58% of the company for RMB2.03Bn ($322.2M)
COSCO studies Arctic tourism COSCO president Jiafu Wei has hinted that the giant Chinese conglomerate might add an Arctic tourism unit
Maersk Tankers sells SNE unit to Thun MAERSK Tankers, a division of Danish giant AP Møller-Maersk, said today it plans to sell its Small Northwest Europe unit to the Swedish group Thun
HPH Trust posts 23% jump in profits SINGAPORE-listed Hutchison Port Holdings Trust said net profits for the first nine months of this year increased 23% year on year
Singapore to plans LNG terminal expansion SINGAPORE plans to add a fourth storage tank at its LNG terminal on Jurong Island, the trade & industry ministry said today
Asian gas price linkage urged ASIAN natural gas buyers are likely to continue griping about high prices in the short term, the Gas Asia conference heard today
Eastbound Trans-Pacific Spot Container Rates Decline The average eastbound trans-Pacific spot rate fell for the second consecutive week as peak-season demand waned. The Drewry Container Rate Benchmark for shipping a 40-foot-equivalent container unit from Hong Kong to Los Angeles slipped 1.6 percent or $43 to $2,606 per FEU. The benchmark rate is 76.3 percent higher than the same...
Net Income Sinks at Costamare Costamare's third quarter net income fell to $12.5 million from $17.4 million a year ago as the Greek container ship owner's charter revenue slipped 5 percent to $94.9 million. The NYSE-listed company reported adjusted earnings before interest, tax, depreciation and amortization of $62.5 million, down from $72.9 million in the third...
Maritime 'lepers' need a Good Samaritan After a mid-Atlantic onboard explosion ripped through a cargo hold of the MSC Flaminia on July 14, tragically claiming the lives of three seafarers and forcing ...
Chinese ports still ahead The nine month throughput for the top ten container ports in China shows little sign of serious impact so far from the dramatic slowdown in European markets, suggesting ...
Evergreen refutes Alphaliner 'market share' claims Evergreen's share of global capacity may have risen for the first time in five years as new vessels join the carrier's fleet, but the Taiwanese line has insisted ...
Turkon scoops award in 10th anniversary year
Wall St dive spells trouble for Obama With the American presidential elections just three weeks away, and incumbent Barack Obama said to be neck-and-neck with Republican rival Mitt Romney, the last ...
ESC's Wiesehahn-Vrijman says service is not good enough Marco Wiesehahn-Vrijman, a member of the European Shippers' Council (ESC) Maritime Transport Council, has criticised most aspects of today's liner companies' services.Addressing ...
Alliances need to expand Further capacity needs to be trimmed and the alliances need to be expanded if the Asia-Europe and Asia-Mediterranean trades are to be returned to some kind of health.At ...
Buy now, raise later Buy ships now, raise more capital later is the message from Greek containership owner Costamare following its latest trip to Wall Street.
Timing is everything There isn't a pressing need for Overseas Shipholding Group's banks to force the company into bankruptcy or foreclose on its tankers, according to an attorney from Bracewell & Giuliani.
Debt dominates chat CRT Capital was bombarded by a flood of queries from traders Wednesday in anticipation of a conference call to discuss the legal consequences of financial turmoil at Overseas Shipholding Group (OSG).
Euronav cashes VLCC Euronav has moved to boost its bank balance with the sale of a VLCC.
Brazil helps capes fly A spike in iron ore shipments from Brazil to China is helping a recovery in the capesize market, DNB says.
Ningbo Marine sold off Chinese bulker owner Ningbo Marine Company has been taken over by one of its clients, Zhejiang Provincial Energy (ZPE).
Life boat pinched Robbers have made off with a life raft from a Korean heavy-lift vessel in the Philippines.
Solstad back Down Under Solstad Offshore is sending a second offshore vessel to Australia to work on the Gorgon LNG project.
V Ships fined The US Coast Guard (USCG) has fined V Ships Leisure USA following the grounding of a cruiseship in August.
OSG poses threat to pool Uncertainty surrounding the fate of Overseas Shipholding Group (OSG) may take a toll on the performance of a tanker pool that trades most of its VLCCs, sources said Wednesday.
Norwegian lawyers merge Norwegian lawyers Simonsen and Vogt & Wiig are merging to build their presence in the shipping and offshore oil and gas sectors.
Triyards earnings soar Triyards has revealed a huge spurt in earnings over the past year as it released its maiden set of results as a listed company.
Brazilians fund newbuild Brazilian oil and mining giants Petrobras and Vale are teaming up to finance the construction of a new survey ship.
SFL in car carrier bow John Fredriksen's Ship Finance International has confirmed its entry into the car carrier sector with the purchase of two ships.
MyFerryLink wants cash Eurotunnel has warned that the new MyFerryLink cross-Channel service is under threat as liquidators hold on to cash promised during the collapse of SeaFrance.
Nordea remains open Nordea claims it remains open for shipping business despite shouldering loan losses of EUR 54m ($69.84m) linked to the industry during the third quarter.
Mixed bag for EOC EOC's numbers have again been blighted by one of its two FPSO units lying idle.
Wage wait goes on Former crewmen of a Sri Lankan cargoship are still fighting to claim back-pay 10 months after signing off.
Half of yards empty Almost half of the world's shipyards will run out of orders by the end of this year, Deutsche Bank says.
Docker killed by pipes A stevedore has been crushed to death by falling steel pipes on a Chinese bulker in the US.
Thun swallows Maersk ships Maersk Tankers has sold off a fleet of small tankers to joint-venture partner, Erik Thun.
Box first for China China-Mult Trans starts debut Russian Far East containership run.
Fire hits ro-pax A Canadian passengership was forced to return to port after a fire in a bow thruster compartment.
Brazil gig for Rolls-Royce Rolls-Royce has won a £24m ($38.4m) order to design and equip four platform supply vessels (PSVs) for a Brazilian shipowner.
CVSC confirms duo China Venezuela Shipping Co (CVSC) has confirmed brokers' reports of a double VLCC order in China.
DHT in big write-down DHT Holdings has been forced to write-down the carry value of its fleet by $92.5m in the wake of OSG crisis.
OW Bunker buys Bergen OW Bunker has acquired Norwegian rival Bergen Bunkers in a move that consolidates the Scandinavian bunker scene.
APT back at NASSCO American Petroleum Tankers (APT) has booked provisional orders for two product tankers at National Steel and Shipbuilding Co (NASSCO).
Stealth skipper fined The captain of a Stealth Maritime LPG carrier has been fined following his use of weighted heaving lines at a port in the UK.
Maersk eyes Curlew exit Shell and ExxonMobil are in talks about the possible acquisition of an FPSO from AP Moller Maersk.
Asian coup continues Reed Smith's Asian expansion campaign continued this week with the addition of another attorney.
GSF welcomes NZ inquiry into liner antitrust exemption The country's commerce minister on Sept. 3 asked the New Zealand Parliament Commerce Committee to consider proposals to transition international shipping to a normal competition regime governed by 1986 Commerce Act.
U.S. Shippers Association to use GT Nexus
MSC applies $1,500 reefer rate hike globally Jan. 1 The increase, $1,500 per reefer container, follows one announced by Maersk Line in September. "Current levels of reefer rates are inadequate to offset the very high and increasing operating costs being incurred," MSC said.
APT to order ships if granted Title XI guarantee The carrier will build two new tankers at NASSCO's shipyard in San Diego, but said it's commitment to build the ships is contingent on approval of a $340 million Title XI loan guarantee from MarAd.
ILA, USMX complete two days of talks "As a result of today's discussions, the parties will have their respective committees review their positions and analyze associated costs," FMCS Director George H. Cohen said in a statement. "Meanwhile, the parties' subcommittees will continue to meet in an effort to resolve additional outstanding issues."
CSAV extends contract at Port of Virginia
Halifax, CN add joint India rep
C.H. Robinson reports higher 3Q profit
Norfolk Southern profit hit by downturn in coal
Ship Finance acquires car carriers
Descartes bolsters European mussel supplier
GES names Hughes CEO
FMC reviews 15 OTI license applications
Zim adds Ashdod to transatlantic Med loop The loop, which links the U.S. East Coast and Mediterranean ports, will have a rotation of Haifa, Piraeus, Genoa, Tarragona, Halifax, New York, Savannah, Kingston, Tarragona, Ashdod, and Haifa.
Rotterdam mid-week prices continue to fall Strong buyer interest in Gibraltar.
Italian shipowner's restructuring close to completion Plan has bank and shareholder support.
IMO regulations 'will help owners save fuel' SEEMP will encourage best practice; newbuild tanker 13% better than EEDI requirement, Kyklades Maritime Corporation tells press conference.
Lightweight fire insulation could cut bunker consumption Lighter insulation brings increased efficiency, says UK company.
Fourth tank for Singapore's LNG terminal Expanding capacity will be a 'catalyst' for LNG bunkering, trading and break bulk services.
Dan-Bunkering hires new trader Saaid is multi-lingual and comes from outside the bunker industry.
Mid-week bunker prices continue to dip at Asian ports Supplies of bunker fuels fine at key Asian ports on Wednesday.
Chimbusco Qinhuangdao ahead of sales target The Qinhuangdao branch reaches its bonded bunkers target 'three months advance', says Chimbusco.
Three senior members to leave Brightoil Singapore-based director reportedly joining OW Bunkers in November.
Fuel changeover requires greater awareness from crew, says P&I club 'Very important' for crew to be familiar with properties of fuel supplied, says Gard.
BP commences $20 million fuel terminal expansion Expansion of Australia terminal will allow company to 'further optimise' shipping operations at its refinery.
Bunker prices to 'remain a concern' Singapore-listed shipping firm posts 64% decline in Q3 profit.
Shipyard launches first hybrid tug ASD 2810 Hybrid tug fitted with battery packs and solar panels, says Damen Shipyards.
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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