Roadrunner Transportation System acquires Expedited Freight System US-based Roadrunner Transportation Systems has acquired all of the outstanding stock of Expedited Freight Systems (EFS), a Midwest regional overnight less-than-truckload (LTL) prov...
Actros wins 2012 red dot design award The new Mercedes-Benz Actros has won the 2012 red dot design award. According to the panel of judges, the truck received the award because it sets sustainable trends in truck desig...
RFI and SBB Infrastruktur step up collaboration Rete Ferroviaria Italiana (RFI), Italy's railway network operator, and its Swiss counterpart, SBB Infrastruktur, are stepping up their collaboration in the sectors European Train C...
Kombiverkehr launches first direct train between Kiel and Verona Kombiverkehr KG, the Frankfurt (Germany)-based operator of Europe's largest network for shifting freight from road to rail, is launching a direct, twice-weekly train service betwee...
More changes at Cargo Partner in Austria Two regional directors have decided to leave Cargo Partner. John Cheng has resigned from his position as CEO for Northeast Asia. Luca Ferrara, currently Cargo Partner's managing di...
Sachsen-Anhalt promotes inland shipping and acquires SPC membership The German state of Saxony-Anhalt, an important logistics location in Central Germany, recently became a member of the Short Sea Shipping Inland Waterway Promotion Center (SPC) in ...
HHLA's press officer resigns The German port service provider Hamburger Hafen und Logistik AG (HHLA) has announced that its press officer, Mark Krümpel, is leaving the company at his own request on 30 Septembe...
Chattanooga airport sees cargo growth Chattanooga airport in Tennessee (the same state where the leading US airport Memphis is located), saw H1/2012 cargo volumes grow to 590,000 t, an impressive increase of 240% compa...
Brussels Airlines loses weight with CHEP Aerospace Solutions Brussels Airlines, Belgium's flag carrier, has converted its entire baggage container fleet to new lightweight composite containers, in partnership with ULD management provider, CH...
Estonian Air making greater efforts to boost cargo sales With effect from 1 August, the France-based cargo company Concorde Aviation has been providing Estonian Air with cargo services that will greatly improve the airlines' potential fo...
UPS extends offer period for TNT Express The US parcel service provider UPS is extending the offer period for its acquisition of TNT Express from 31 August to 8 November 2012. UPS will formally confirm this by making a re...
Yusen Logistics establishes operations in Turkey The Japanese service provider Yusen Logistics plans to establish operations in Turkey. The company will utilise these operations, which are set to open on 1 October, as a hub for s...
Broström product tankers unit could move to Copenhagen MAERSK Tankers said today it is weighing whether to move all of Broström's Gothenburg operations to Copenhagen
WFS targets Varun tanker BUNKER supplier World Fuel Services is seeking to seize a Varun crude tanker, alleging unpaid bunker bills
Subscriber notice THERE will be no news bulletins on 27 August because of the holiday weekend in the UK
US freight panel unveiled PORT and intermodal network improvements would gain priority under a new freight planning scheme, according to US Transportation Secretary Ray LaHood
Virginia fears docker strike A POTENTIAL US East Coast docker strike threatens to roll back box volume gains at Port of Virginia as it reviews proposals to privatise its terminals
Jaya's profits drop 33% SINGAPORE'S offshore vessel specialist Jaya Holdings said today net profits for its fiscal year fell 33% year on year to $43.8M
Alpha squabbling continues Environmental groups are continuing attacks on Australia's $7Bn Alpha mining, rail and port project, which yesterday won guarded federal environmental clearance
Stolt-Nielsen raises $172M STOLT-Nielsen said today it has raised 1Bn kroner ($172M) through placement of senior unsecured bonds
For VLCCs, the outlook gets even worse VLCC EARNINGS on the benchmark Ras Tanura/Chiba route are continuing to worsen despite higher bunker prices and the start of September's programme
Maybulk profits dive 97% MALAYSIAN Bulk Carriers said today 2Q profits crashed by 97% year on year
Capesizes flutter a little A MILD uptick was reported today in Capesize bulker rates, pushed by rising Australian iron ore fixtures, but average daily rates remained at a four-year low of $2,801 per day
Supramaxes keep gaining SUPRAMAX rates in Asia are continuing their gradual recovery as Indonesian coal traders resume with the end of Ramadan
HMD's profits dive 73% HYUNDAI Mipo Dockyard said today that net profits for 2Q12 dived 73.1% year on year to 32.567Bn won ($28.7M)
Black hole for newbuilding returns warned ASSET prices are falling, yet no returns can be expected on newbuilding investments in today's freight market, a shipping bank has warned
Bradshaw Named NC Ports Executive Director Thomas Bradshaw has been named executive director of the North Carolina State Ports Authority in addition to his current position...
Shipping Rate, Surcharge Update for Week of Aug. 20-24 Zim Integrated Shipping Services is seeking September rate increases for westbound shipments from Asia to North Europe and the Mediterranean. Effective...
APL Pulls Out of Westbound Transpacific Stabilization Agreement APL Ltd. will discontinue its membership in the carrier discussion group in the westbound trade between the U.S. and Asia...
US logistic firms monitor east coast longshore strike risk US logistics companies in the US are keeping their clients up to speed on the acrimonious breakdown of contract negotiations between the International Longshoremen's ...
CMA CGM launches reefer RRIs on back of soaring costs and low rates CMA CGM says that current freight rate levels are not enough to cover costs on reefer cargo moving on the westbound transpacific and to this end is launching a ...
Calor Gas warns carriers UK-based Calor Gas has issued a warning to ocean carriers regarding the illegal shipment of stolen gas containers which could, if stowed badly, represent a serious ...
Nissan to invest ZAR1 billion in SA Japan's Nissan Motor company is to invest approximately ZAR1 billion (USD121 million) in doubling output at its Nissan SA factory in Rosslyn, near Pretoria. The ...
A nine-month low for China's manufacturing China's HSBC Purchasing Managers' Index [PMI] hit a nine-month low in August, according to its preliminary report, posting a reading of 47.8 versus the 49.3 recorded ...
Dole and San Diego sign long-term lease deal Dole Fresh Fruit Co, a leader producer and shipper of fruit into the US market and the southern Californian port of San Diego has signed a 24.5-year lease agreement ...
Blackstone wraps up raid Sale-and-purchase brokers (S&P) are casting new light on a deal that saw two of the biggest names in private finance seize majority stakes in nine tankers controlled by Germany's Hartmann Group.
SEC concludes probe The Securities and Exchange Commission has completed its review of Globus Maritime and the bulker owner's dealings with Iran and other nations subject to US sanctions.
Uncertainty plagues Noble Lingering questions about the fate of Noble Group's marine fuel offshoot continued Friday amid speculation that more company-wide layoffs are underway.
Showdown World Fuel Services (Singapore) has dragged Varun Shipping into court in the US over outstanding invoices tied to nearly half of the Indian owner's fleet of tankers, LPG carriers and anchor-handlers.
Odfjell eyes JV exit An offshore venture between Theodore Angelopoulos' Metrostar and Odfjell Drilling could be nearing an end.
No takers for ferry A German ferry has been left unsold during a court auction in Grevesmuhlen.
Fredriksen chops OBO John Fredriksen's Ship Finance International is set for a third quarter boost after selling one of its OBOs.
No joy for Jaya Jaya Holdings has seen its earnings trimmed following a fall in vessel sales.
Not so romantic A Welsh professor has written a damning report into the lives of modern seafarers - in the form of an epic poem inspired by Samuel Taylor Coleridge.
Cochin eyes IPO cash State-owned Cochin Shipyard (CSL) is plotting an IPO to pay for part of its INR 1.5bn ($27m) expansion plans.
Rotten for even a king We take a look at what was said in the market over the past week.
Buddies with banks Heavy-lift giant Intermarine has thrown open the door to banks looking to dispose of unwanted ships.
Lorenzo earnings jump Philippines feedership operator Lorenzo Shipping Corp has posted a fivefold jump in second-quarter profits.
Nam Cheong on course Nam Cheong's recent three-vessel order further validates its speculative building strategy which has kept it on course for another record year, an analyst says.
DVB repeats trick DVB has taken its fundraising in the past four months to the EUR 1bn ($1.25bn) barrier.
Tugs raided off Singapore Two more vessels have been attacked by robbers off Singapore.
Mipo misses in Q2 Hyundai Mipo Dockyard has turned in a disappointing set of second quarter numbers.
OOCL delays deliveries Hong Kong container line OOCL has delayed the hand-over of two 8,600-teu ships being built in China.
Korean quartet rules TradeWinds digests the digits making the headlines this week.
Stolt seals bond bonanza Stolt Nielsen has wrapped up its latest fundraiser on the Oslo Stock Exchange.
"Missing" tanker found A tanker that went missing for five days off West Africa is back in contact with its UK manager Norbulk.
Greek bulker sinks Sri Lankan authorities are increasingly concerned over potential pollution from an abandoned Greek bulker that has sunk off Colombo.
Green ends with whimper The former Green Reefers has logged one final loss after it sold all its ships.
Hellenic ditches panamax Greece's Hellenic Carriers has offloaded an elderly bulker as part of its fleet renewal drive.
GC Rieber down in Q2 GC Rieber Shipping has seen second quarter profits drop by over 20% compared to a year ago, the company revealed Friday.
Vopak seals Shell deal Vopak has signed up Royal Dutch Shell as the launch customer for its new LNG break bulk facility in Rotterdam.
Awilco profits head higher Awilco Drilling has seen a near five-fold increase in profits from the previous quarter as revenue from its two rigs kicked in.
New NC port director has logistics portfolio On Wednesday, North Carolina's Transportation Secretary Gene Conti appointed Thomas Bradshaw as executive director of the North Carolina State Ports Authority. Bradshaw will also continue as statewide logistics director.
Miami gets set to advertise dredging project The Port of Miami Wednesday said it has signed a construction agreement with the U.S. Army Corps of Engineers that will allow its big harbor dredging project to go out for bid. The project will deepen the main channel from 45 to 50 feet.
EPA-emissions engines bring headaches Market research firm J.D. Power said technology changes around EPA emissions standards have caused an increase in diesel engine problems and a decrease in overall satisfaction with the powertrain among truckers.
Yusen Logistics expands at O'Hare
Dole extends terminal lease in San Diego
NIT League solicits Obama, Romney infrastructure plans The shipper group's members are extremely concerned about existing problems in the U.S. transportation infrastructure system and the difficulties that U.S. companies face in moving their products efficiently.
TAKE releases supply chain suite
DOT launches Freight Policy Council
Maersk slows MESA again
Sapra to lead IIE's Lean Division
Hyundai to assess scrap metal container repair fee
Bunker markets record positive week Prices edged higher across most global hubs over the week.
Los Angeles prices fall to close out week Oil rose for a fourth week as Tropical Storm Isaac strengthened in the Caribbean on a path that may threaten crude production in the Gulf of Mexico.
Low emission ferry design unveiled Ferry uses light weight aluminum catamaran hulls that reduces fuel consumption by 25%, coupled with counter rotating propeller pods that reduce consumption by up to 15%.
Bunker prices drop in Fujairah Prices in Cape Town, however, show strong gains.
Week closes with big price drops in NWE IFO prices drop by double digits.
P&I clubs maintain advise to avoid bunker fuels from Iran UK view that fuel oil used only for propulsion purposes on ships would not violate EU sanctions may not be shared in other countries.
Two senior managers gone from Aegean NWE One of the founders of Bunkers at Sea left by 'mutual consent' while the other still works for Aegean.
Fifth edition of ISO marine fuels standard published Revision leading to ISO 8217:2012 goes through in record time to introduce updated H2S test method.
Italian vessels seized for $4.7 million debt Vessels arrested in Singapore by bunker supplier and shipping agency.
Week ends with IFO prices down at Asian hubs Supplies of bunker fuels largely fine at key Asian ports on Friday, but tight in Singapore.
Vopak sees 'healthy demand' for storage services Operating profit, excluding exceptional items, increases 28% in H1.
Sinotrans sees bunker costs double in H1 Operating profit plunges 85% as costs increase.
Lithuania one step closer toward LNG bunkering Port authority and Klaipeda Oil ink agreement to invest in an LNG terminal in Klaipeda.
Russian supplier fined for spill during bunkering ops Oil spilled into waters at St. Petersburg while M/V Angara was bunkering a vessel.
Refinery closure will not affect bunker market, says Caltex Closure will change the way it sources marine fuel products but 'no effect' on supply to customers, the oil major tells Bunkerworld.
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