Kögel creates more than 100 jobs The trailer manufacturer Kögel, headquartered in Burtenbach (Germany) has created more than 100 jobs since 2009. The company now has around 600 employees at the Burtenbach location...
SBB Cargo invests in intermodal transport sector in Ticino Switzerland's railfreight service provider SBB Cargo has phased in a new terminal in Cadenazzo, canton Ticino. The facility has four sets of tracks, each 220 m long, and mobile han...
Pema continues to set records Pema, a commercial vehicle lessor based in Germany, is still chalking up success after setting new records in 2010 and 2011. The latest success was the firm's significant increase ...
Eurotunnel Shuttles: healthy 21% increase in Q1 revenue The Eurotunnel Group reported that its Q1/201 revenue reached EUR 222.5 million, an increase of 21% compared to the same period in 2011. Shuttle traffic increased significantly in...
Hapag-Lloyd launches Adriatic Express (ADX) The German shipping company Hapag-Lloyd (HL) is starting a new service called the Adriatic Express Service (ADX) at the beginning of May. The sailing will rotate between Rijek...
Evergreen Line is to upgrade its Libya Service The Taiwanese shipping company Evergreen Line is to upgrade its LYS - Libya service frequency from fortnightly to weekly, starting from the end of April 2012. The 1,000 teu "B...
BLS nominates candidate for board of directors The Swiss transport service provider BLS AG has nominated Lorenz Bösch as a new member of its board of directors. The election of the candidate will take place at the annual genera...
BAA announces sale of Edinburgh Airport On 23 April BAA announced that it has agreed to sell its 100% interest in Edinburgh Airport Ltd (UK) to Gatwick owner, the New York-based Global Infrastructure Partners, for G...
Forward Air profit soars The RFS provider Forward Air Corporation, based in Greeneville TN (USA), announced that its board of directors declared a quarterly cash dividend of USD 0.07 per share of common st...
Airfreight industry regains confidence Airline industry confidence has improved slightly in Iata's April survey of CFOs and heads of cargo. Respondents reported weakness in Q1/2012 ...
Logwin opens new locations in Graz and Lauterach The international logistics service provider Logwin, based in Grevenmacher (Luxembourg), recently expanded its network of sites in Austria by opening a new 600 sqm distribution cen...
Kerry Logistics lands logistics contract with Woolworths in South Australia Kerry Logistics, a leading global logistics service provider, has secured a major contract with Woolworths Ltd in South Australia to provide landside logistics for general merchand...
Foodcareplus and Nova Fresh Logistics announce cooperation Foodcareplus and Nova Fresh Logistics have announced an all-in-one logistics service for the seafood industry at the ongoing European Seafood Exposition in Brussels (Belgium). Comb...
The KG model must adapt or die German ship finance requires new sources of cash, says KPMG
New corporate structures could be answer to financing problem Extract from KPMG ship finance survey
How long can NITC store surplus crude at sea? Laden vessels at anchor highlight Iran's struggle to sell its oil
Lloyd's List: Better Shipping An exclusive website to help shipowners and managers optimise vessel performance
Brussels extends operational remit for Emsa European Maritime Safety Agency is tasked with establishing an 'EU maritime space without barriers'
Defending the Jones Act In tough times, hard-won rights are worth defending
Throughput falls at Antwerp Slight rise in box moves countered by falling oil imports
Multi-vessel funds could solve KG problem, says KPMG Classic single-ship structure is in crisis. EXCLUSIVE video interview.
IMO urges heads of states to tackle piracy Sekimizu says ministerial discussions lack political will
Oman Shipping VLOCs strengthened after valemax scare Owner said to be comfortable about safety of quartet due for delivery from Rongsheng
More than 60 KG funds or vessels are now insolvent Specialists' survey paints gloomy picture
China's 10-ship booking spree buoys Middle East VLCC spot market Rates on benchmark route to Asia climb back after three-week fall
Angola to start LNG exports in June West Africa is an emerging supplier of gas
Shell offers $1.8bn to buy Cove Energy Deal raises Shell's stake in plentiful East African gas and future LNG exports
India to ship Iranian oil with reduced cover Shipments could continue at 5% of current liability cover
BIMCO and IMO voice concern over emissions control areas Fragmented patchwork of regional and unilateral regimes not in shipping's best interest, says Sekimizu
Demand grows for panamax boxships Increase in charter fixtures tightens supply and boosts owners' hopes
Frequent loader points Could loyalty cards succeed where box lines' general rates increases have failed?
Study points to slowdown in Asian labour productivity Region must boost workers' efficiency, warns HSBC
Offshore yuan deal sweetens ship orders Bank of China's Hong Kong unit is offering yuan lending for shipbuilding, in another step in the internationalisation of the currency
New NYSE delisting watch for DHT Rights issue subscription period ends on Friday
US-China dialogue clears air on NVOCC rules Lidinsky comments come as Federal Maritime Commission embarks on overhaul of US regulations
CSCL losses swell in first quarter Higher costs and lower revenues hobble China box line
ECA report slams EU port infrastructure funding Projects unfinished, unused or needed further investment
Arctic summers will be ice-free by 2050 But rate of winter warming will be lower
Vopak first quarter profits up 26% Capacity grows by 3m cu m to 28.3m cu m at 84 terminals worldwide
Cosco Pacific profits fall 29% in first quarter Poor results in container manufacturing offset by strong terminal performance
Universal Shipbuilding profits fall by a quarter Strong yen bites into earnings despite 2% increase in revenues
MOL opens Peru subsidiary Move follows enhancement of service between Asia and South America
US-Philippines exercises rekindle South China Sea tensions Oil and gas exploration resumes at Reed Bank on Friday
Cutty Sark makes deadline CUTTY Sark, arguably the most famous name of all commercial ships worldwide, was today reopened to the public in Greenwich by Britain's Queen Elizabeth II
Bremer Landesbank doubles risk provisions RISING default risks among shipowners forced German state bank Bremer Landesbank to double its loan loss provisions last year
HCI revives KG placing GERMAN KG house HCI Capital returned to the equity placing market for ships this week, wooing private investors with a post-Panamax box ship
Georgia pledges Savannah more dredging cash SAVANNAH'S port received an additional $46.7M from the state of Georgia to dredge its harbour to 14.3m (47ft)
Petronet profits rise 19% PETRONET, India's largest importer of LNG, has reported a 19% rise in net profits for its January-March quarter
Cautious outlook for yard OFFSHORE inexperience can be expected to hinder shipbuilder Cosco Corp (Singapore) for the time being, OCBC Investment Research has warned
FLNG mitigates risks FLOATING LNG systems could encourage investments in new projects because of their flexible designs, a Singapore conference heard today
BIMCO urges more piracy patrol warships BIMCO president Yudishthir Khatau appealed today for more warships to be added to anti-piracy patrols
Mission's Tom Heffer dies THE REV Tom Heffer, secretary-general of The Mission to Seafarers, has died at a North London hospital
Japan stays the course on FPSO lending OWNERS of FPSOs face limited access to ship financing, but the Japan Bank of International Co-operation is still making huge loans for Japanese-tied projects
Reliance profits plummet RELIANCE Industries, India's largest exporter, today said net profits fell 21.2% year-on-year during its January-March quarter, to $847M
Tight money sharpens focus DELEGATES at the Offshore Marine Asia conference heard today that tight money has forced shipowners to sharpen their focus
VLCC values seen testing recovery VALUES of modern VLCCs might turn higher in reaction to the cyclical recovery of freight markets expected next year, a shipbroker has predicted
IMAREX sells NOS IMAREX, the Oslo derivatives exchange, has agreed to sell its NOS clearing business to NASDAQ OMX Stockholm, part of the US NASDAQ
Indian tankers defy insurance squeeze INDIAN shipping groups reportedly plan to continue transporting Iranian crude despite limits to insurance coverage related to Western sanctions
Pacer, CRST Forge Drayage Pacts Pacer International and CRST International this week reached agreements that will give the former more drayage capacity, as the duo...
No New Bans for US Beef Major beef markets around the globe remain open to U.S. imports a day after the U.S. Department of Agriculture confirmed...
Rebuilding in US, Vitran Reports $5.8 Million Loss Vitran's losses deepened in the first quarter to $5.8 million as the Canadian-based company struggled to improve its U.S. less-than-truckload...
Railroad Union Holdout Strikes Accord The threat of a national railroad labor action further receded, after a union representing maintenance of way employees joined the...
C.H. Robinson Profit Rises 10 Percent to $107 Million C.H. Robinson Worldwide moved more freight in the first quarter, but higher trucking costs bit into the non-asset logistics company's...
Harley-Davidson Shipments Rev Up 19.4 Percent Shipments of Harley-Davidson motorcycles in the first quarter jumped 19.4 percent year-over-year, reflecting a revving up of consumer confidence in...
TransForce Acquires US Oilfield Trucker Canadian trucking giant TransForce acquired certain assets of Peak USA Energy Services, an oilfield trucking business in Texas, for approximately...
Antwerp Container Traffic Rises 0.7 Percent to First Quarter Record The port of Antwerp's container traffic grew a modest, but significant, 0.7 percent in the first three months of 2012,...
N.Y.-N.J. Port Authority Posts New Activity Index The Port Authority of New York and New Jersey has begun posting an index of monthly freight and passenger activity...
BAA Earnings Soar 15.1 Percent BAA, one of the U.K.'s largest airports operator, reported first quarter operating profit grew 15.1 percent from a year ago...
March Steel Imports Increased 6.5 Percent Steel imports increased 6.5 percent in March over February based on preliminary U.S. government reporting. The largest product increase...
Canadian Trucking Cost Index Up 10 Percent Trucking costs in Canada are steadily rising in early 2012 and are 10 percent higher than in March 2011, according...
Maersk Names Zimmerman VP, North American Sales Maersk Line named David Zimmermann as vice president of North American Sales, effective immediately. Zimmerman, who has been with...
Somali Pirates Release Tanker With Indian Crew Seven Indian sailors, held captive by Somali pirates for nearly four months, were freed Monday following intense diplomatic negotiations. ...
USDA: Beef Supply Is Safe Despite Mad Cow Finding The U.S. Department of Agriculture says the nation's beef supply is not affected by the discovery of a mad cow...
Georgia Funds Another $46.7 Million for Savannah Deepening The state of Georgia will chip in another $46.7 million to help pay for deepening the Savannah River to 47...
Maersk to Raise Asia-Latin America Rates Maersk Line will impose a peak-season surcharge on trades from Far East Asia to Latin America, starting May 20. ...
Trans-Pacific Spot Rates Hold Most Gains Trans-Pacific spot rates eased slightly this week after their 19.9 percent spike last week, which followed carriers' mid-month general rate...
FMC Chairman Seeks NVO Reform Federal Maritime Commission Chairman Richard Lidinsky Jr. said he hopes the FMC can move quickly on a "top-to-bottom" modernization of...
MOL makes moves on WCSA Japan's Mitsui OSK Lines (MOL) has reiterated its growth intentions when it comes to the west coast of South America (WCSA) region by setting up a subsidiary in ...
COSCO Pacific's Q1 profit slides but liftings hold up Terminal operating company COSCO Pacific has seen its net profit dive for Q1 12 compared to the same period last year - down 27% to USD80 million. But ...
Duqm spearheads trading opportunities in central Oman It is hoped that the development of a modern port and logistics zone at Duqm in central Oman will boost the local economy and lead to significant growth in trade ...
FMC investigates US NVOCC regulation changes The Federal Maritime Commission (FMC)'s chairman Richard Lidinsky has revealed that the US Government agency will be looking at modernising NVOCC regulation this ...
UNCTAD to assist intra-Africa trade The United Nations Conference on Trade and Development (UNCTAD) is to assist members of the African Union (AU) to implement their recently announced 'Action Plan ...
Evergreen to encompass West Africa into its network Taipei-based Evergreen Line is to offer importers/exporters trading with West Africa access to its global liner network. The move follows the carrier's arrangement ...
Rena: 50% of boxes recovered
UK enters double-dip recession The UK's economy has fallen back into recession after data released by the Office for National Statistics this morning recorded a provisional 0.2% contraction in ...
Ocean carriers' dash for cash continues Ocean carriers' average all-in freight rate obtained from all cargo shipped out of China on Friday climbed by 1.3% compared to the week before, up to USD1,215/TEU, ...
Prices firming in Northern Europe Tight avails for prompt product in Rotterdam.
Prices lack direction in Fujairah bunker market Suez players report another quiet day.
Bunker prices 'outpacing' freight rates Fuel costs have undermined signs of a recovery for Samudera.
Shipping market 'at or near the bottom' Survivors in the long term likely to be those who can afford investing in fuel-efficient vessels, says DNB Bank Asia chief.
Supplier reports threefold increase in bunker sales Novorossiysk Commercial Sea Port Group outlines plans for growth.
Asian bunker prices mixed Loading schedule remains tight at some terminals in Singapore.
European shortsea sector continues ECA delay campaign Head of ferry company considers delay of 0.10% sulphur limit as 'quite realistic' if littoral states 'team up at the IMO'.
University project claims sails could cut fuel use by up to 30% If results from computer simulations of design bear out in the real world, sails could have a return on investment period of five to ten years.
Banks 'favourably disposed' to fund fuel-efficient newbuilds Fuel economy a criteria when looking at funding new ships, shipping executives say.
NYK Line launches bunker optimisation project Regular use of real-time information, to optimise vessel operations on board its ships will commence from May.
WSS strengthens marine chemicals offer Launches revised portfolio with increased products range for water treatment, fuel oil treatment and cleaning chemicals.
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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