System Alliance rates regional operators The general cargo partnership System Alliance regularly evaluates the quality of its 42 regional firms. To do this, the network compiles a ranking list with key figures that enable...
Union Pacific reports record first quarter The US rail service provider Union Pacific Corporation reported a Q1/2012 net income of USD 863 million. First quarter business volumes, as measured by total revenue carloads, grew...
Plans to privatise Georgian Railway The government of Georgia plans to sell its 25% stake in Georgian Railway. It is planned to make the initial public offering on the London Stock Exchange in May. The rail company...
DAF heralds in Euro 6 engines DAF Trucks has announced that it is launching a new engine generation that has been developed for the new Euro 6 emissions legislation. The new law comes into force in the European...
DHL Global Mail gets new MD for Switzerland and Italy DHL Global Mail, the international postal solutions division of Deutsche Post DHL, recently appointed Jérôme de Varreux as new managing director for Switzerland and Italy. Since 20...
PWL now representing Empros The German company Peter W. Lampke GmbH (PWL) has become the commercial representative and port agent of Athens-based Empros Lines Shipping Co, with immediate effect. PWL now repre...
AFRAA welcomes new members The African Airlines Association (AFRAA) approved three airlines and four air transport related service providers as members and partners respectively, at its ordinary 157th execut...
Sukhoi Superjet successfully performs latitude trials in far north The Sukhoi Superjet 100 (SSJ100) aircraft successfully went through additional certification trials on expanding operational conditions in the high north latitude area. T...
Airlines unhappy with Heathrow A survey published by the UK's Board of Airline Representatives (BAR) has revealed that major international airlines are set to abandon London Heathrow airport in favour of less-co...
Rhenus Midgard to partner Jade Werke in Wilhelmshaven The German port service provider Rhenus Midgard has signed a logistics service contract with Jade Werke GmbH, based in Wilhelmshaven (Germany). Rhenus Midgard will use its expertis...
DB Schenker Logistics to build new EUR 27 million logistics centre in Germany The giant German service provider DB Schenker Logistics is investing roughly EUR 27 million to build a state-of-the-art logistics centre in the Ilsfeld Untere Bustadt industrial pa...
Culina agrees to acquisition of Cert Octavian The UK-based Culina Group, the market-leading provider of shared-user logistics services for food and drink companies, has agreed to take over the supply chain activities of Cert O...
Costamare snaps up two MISC boxships 'Bargain' pair of 3,842 teu vessels will operate under charter to Evergreen for two years
Lenders' use of enforcement action shows an upward trend There have already been 26 arrests in Singapore in the first quarter of this year compared with 84 in 2011 and 63 in 2010
Decline in bank lending seen as threat to stability Shipping prepares to attract new forms of finance by reducing operating costs further and disposing of non-core assets
Shipping should improve its image, says BIMCO chief Industry need to meet social responsibilities with image dampened by maritime accidents
Lloyd's Register pulls out of Iran under pressure from US Move follows DNV exit but other class societies are reluctant to withdraw
Sunoco fights to keep its Philadelphia refinery open Good news for suezmaxes shipping Nigerian crude to the US
Q&A: Samco Shipholding chief financial officer Borzou Aram Serendipity happens but is a tricky word to spell
Timing is everything Evergreen's ultra-large boxship order ends the race to order outsized tonnage
Navios Partners lifts first-quarter operating surplus by 12% Frangou-led company eyes purchases as ship prices 'rationalise'
Greek owners suffer fall in financing Petrofin sees glimmer of hope in arrival of 16 new lenders, but for now many owners have little prospect of loans
Containership owners head for consolidation Larger fleets needed to gain economies of scale, says GL boss
Green rules will strip out excess tanker tonnage Supply-demand balance will stabilise, d'Amico predicts
Japan chokes off Iranian crude flow JAPAN'S customs-cleared crude imports from Iran reportedly fell 6.3% in March from that month a year ago, with even sharper drops expected for April and May
LR has severed Iran ties LLOYD'S Register today confirmed it has shut down operations in Iran
Keep juggling, liners told JUGGLING the supply of box ships will remain crucial for the sector, even as it gains optimism after sharp rate increases and returned profitability, shipping analysts have warned
Miami Settles Environmental Objections to Dredging The Port of Miami will be able to move ahead with its project to deepen its harbor under an agreement...
US Containerized Imports Rose 7.3 Percent in March U.S. imports rebounded sharply in March after falling in February on tough year-over-year comparisons because of the early closing of...
Intermodal Rail Volume Jumps 6 Percent U.S. intermodal rail shipments in the week ending April 21 jumped 6 percent year-over-year and 2.2 percent from the previous...
CSAV Volume Drops 53 Percent in March The volume of containers transported by CSAV in March of this year fell by more than half year-over-year as the...
Knight Boosts Profit on More Loads, Higher Pricing Knight Transportation profit in the first quarter rose 6 year-over-year to $10.5 million, as the company increased pricing and expanded...
USPS Says Senate Reform Falls Short The U.S. Postal Service said the Senate decision on Wednesday to reimburse the ailing agency about $11 billion for overpaying...
Universal Truckload Profit Jumps 24 Percent Universal Truckload Services reported a profit Thursday of $3.6 million for the 13 weeks ended March 3, up 24.1 percent...
ODFL Profit Rises 44.1 Percent on Record Revenue Record revenue growth of 17.6 percent pushed Old Dominion Freight Line profit up 44.1 percent year-over-year in the first quarter...
RailAmerica Loses $40.2 Million Despite Revenue Surge RailAmerica lost $40.2 million in the first quarter, as an $82.4 million charge related to the early retirement of debt...
Pacer Reports First Quarter Loss Pacer International on Thursday reported a 3.5 percent decrease in revenue to $345.9 million in the first quarter despite a...
UPS Revenue, Operating Profit Climb Package delivery giant UPS reported a 4.3 percent increase in first quarter revenue to $13.1 billion from $12.6 billion a...
Indonesia Bans Imports of US Beef Indonesia has banned the imports of all U.S. beef until it is convinced the U.S. dairy herd is free of...
American Feeder Lines Suspends Service American Feeder Lines has suspended its 9-month-old feeder service from Halifax to Portland, Maine, and Boston while the company undergoes...
Active Box Ship Fleet Hits Record 15 Million TEUs The active container ship fleet has soared to a record 15 million 20-foot equivalent units, driven by deliveries of new...
Asian Airline Cargo Traffic Drops 4.5 Percent International air cargo traffic carried by Asian airlines fell 4.5 percent year-over-year in March as key consumer markets remained weak....
Maersk Claims 'Absolute' Reliability For Daily Maersk Service Maersk Line claimed its Daily Maersk liner service has achieved "absolute" reliability in its first six months transporting containers from...
Hapag-Lloyd Sets New Rate Increases Hapag-Lloyd will increase its freight rates on major trade lanes as part of a new rate restoration program. The...
Ports, Inland Distribution Centers Rank High in Ozone Pollution Forty percent of the U.S. population, including residents of some of the largest port cities and inland distribution hubs, breathe...
Trinity Doubles Profit, Railcar Shipments Trinity Industries, North America's largest railcar manufacturer, in the first quarter shipped twice as many railcars as it did a...
CSAV Creates Planning Unit to Implement Restructuring CSAV is creating a new management function, called strategic development and planning, to oversee the struggling Chilean carrier's restructuring, strengthen...
Daily Maersk achieves 97% reliability Maersk Line's guaranteed time-definite Daily Maersk service from Ningbo, Shanghai, Yantian and Port Tanjung Pelepas to Felixstowe, Bremerhaven and Rotterdam ...
GL boss points to challenging future Erik van der Noordaa, ceo of Hamburg-based Germanischer Lloyd (GL), one of the world's largest classification societies, has pointed to difficult and challenging ...
CSCL sinks to new debt low as analyst highlights 'difficult' Q1 for carriers Hong Kong-listed CSCL has plunged further into debt in Q1 12, with the loss of USD228 million comparing with USD22 million fin ...
Antwerp bucks the trend Antwerp's container traffic increased by just 0.7% in Q1 12, compared to the same period of 2011, despite MSC's home terminal (in photo) remaining full. This terminal ...
Melbourne's box boost Container-handling activity in the port of Melboune will be expanded considerably under the AUD1.2(USD1.24) billion redevelopment plan just announced by Victoria's ...
Maersk rolling out GRIs in Brazil Maersk Line in Brazil has underlined its decision to increase freight rates by an average of 30% this year. It has also found that the market in Brazil ...
US truck tonnage index points to 'moderate' growth That is the view of the American Truck Association's [ATA] chief economist, Bob Costello, after reviewing the 0.2% month-over-month growth in its For-Hire Truck ...
ADPC strengthens its relationship with Arcadis Abu Dhabi Ports Company (ADPC), which will open its new Khalifa port and industrial zone complex by the end of 2012, has signed a three-year deal with Arcadis, ...
COSCON takes on charter yet another ULCS The seventh of a series of eight 13,100TEU ships went on-hire to China's COSCON last week after its non-operating owners, Seaspan, took delivery of the behemoth ...
Tycoon selling Bumi Armada stake Reports say Malaysia's second richest man is about to offload shares in offshore company worth $820m.
Newbuildings top DIS wish list D'Amico chief Marco Fiori says fresh orders await once he is sure the corner has been turned.
China Cosco losses amplify in Q1 Chinese shipping titan sheds over $400m in the first quarter dominated by bulker and boxship blues.
Concordia Maritime hit by early tanker return Swedish owner reports steady first quarter but says future earnings will be hit by redelivery of duo from Argo Shipping.
Star buys some Star Could buybacks help Greek bulker owner avoid delisting warning on Nasdaq?
Navios Partners a little ahead Angeliki Frangou's bulker company edges up profit in first quarter after adding two more vessels.
CSDC warns again over losses Chinese owner's "preliminary assessment" of first quarter accounts indicates deficit as rates continued to fall.
Maersk Line claims early success World's leading container line says its Daily Maersk initiative is delivering on reliability and emissions reduction.
Two in, two out for Costamare Greek owner confirms bargain MISC boxship raid to replace 1984-built sisters on charter to Evergreen.
Falling ship prices hurting GSI Guangzhou shipbuilder's earnings more than halved in first quarter as it builds lower-margin vessels.
AlixPartners establishes maritime practice The practice has been set up to advise the $380 billion international maritime industry as it tries to "find its bearings following the perfect storm of the financial crisis, the Great Recession and skyrocketing fuel costs," the firm said.
U.S. Customs corrects delays for broker licenses
Pregis app fixes packing problems
Intelleflex, DeltaTRAK partner on monitoring
Two-way trade: Meth, handbags in, drone parts out Two Taiwanese nationals were charged Wednesday with allegedly seeking to export sensitive U.S. military technology to China, including drone aircraft, spy planes and stealth technology related to F-22 fighter planes.
American Feeder Lines suspends service "The service has been suspended and we have been in talks with investors to continue. But unfortunately, these talks have died and AFL has therefore taken the decision to cease trading," said CEO Tobias Koenig.
Mild hurricane season forecast for Atlantic This preseason forecast calls for 11 named storms, six hurricanes and two major hurricanes, a milder outcome than in recent years.
Bunker prices mostly firm in the Americas Demand was slow on the US Gulf, according to a local supplier.
Tour set for review of LNG-powered propulsion system The Catamaran will transport up to 1,000 passengers between Buenos Aires, Argentina, Montevideo and Uruguay.
Fujairah bunker prices to firm as pressure on Iran grows More Iranian fuel oil is heading to Singapore, says analysts' report.
Prices firm in north European ports Some congestion reported at loading installations in Rotterdam.
Prices firm in Fujairah Good demand in Middle East hub.
Warning on rates as box fleet capacity reaches new record Surge in active fleet could spur renewed price competition, says Alphaliner.
New Managing Director for Total Marine Fuels Anna Whitehouse takes over from Christophe Girardot.
Traders push back date for fuel oil arrivals Arbitrage cargoes delayed as traders seek firmer prices.
Canada issues circular on ECA compliance Advice leaves room for interpretation in cases where owners claim they could not obtain low-sulphur fuel.
Fuel oil stocks climb in Singapore Arbitrage arrivals from the West leave inventories at a two-week high.
Coalition launches 'action plans' for sustainable shipping practices Action plans represent 'significant step' towards achieving vision of a sustainable, profitable shipping industry by 2040.
'Everybody is looking at LNG for bunkering ships' Shipyards could win contracts worth 'billions of dollars' converting ships to run on LNG.
Shipping companies fined for sulphur violations Two companies fined $55,500 each for failing to switch to distillate fuel within 24 nautical miles from California's shores.
Bunker prices still lacking direction Demand mixed across key Asian ports.
Market-based measures for shipping 'only way out' Outcome of IMO's MEPC meetings 'so far has been minimum', says Danish ambassador to Singapore.
Kirby Corporation announces record quarterly earnings Consolidated revenues for Q1 2012 were $566.9 million compared with $299.4 million in the same period in 2011.
BW Group business risk profile rated as 'fair' Agency forecasts that shipping industry is facing a prolonged downturn and that it expects it to face another difficult year.
Viability of LNG bunkering depends on its 'practicality' Challenge is availability, transportation and storage, says BIMCO president.
DFDS achieves record low annual bunker consumption 'We have never sailed as far on a tonne of oil as we do today,' says company executive.
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