UBTZ transported record amounts of cargo The Ulaanbaatar Railway Mongolia-Russia joint venture (UBTZ) transported a record 18.4 million t of cargo and posted a net profit of more than MNT 4.4 billion tugrik last year. Fre...
Switzerland: quiet railcars only from 2020 Switzerland's federal council of ministers want to ban noisy freight cars from the country's rail network from 2020. To enforce this the council will issue a decree that limits noi...
APL and PIL to launch joint service between Far East and Red Sea The carriers APL Co Pte Ltd (APL) and Pacific International Lines (Pte) Ltd (PIL) are launching a new weekly joint service linking the Far East and Red Sea as from 21 June. Ei...
Manager operations for 4flow management Veit Liemen became the manager of operations at 4flow management at the beginning of 2012. The trained forwarder is responsible for designing, implementing, and controlling optimi...
Port of Los Angeles with record April The US port of Los Angeles had its best April ever and its best month of the year so far. Imports grew by 16.7% from a year earlier to 364,556 containers. Exports rose by 11.6% to ...
European transport market: prices sank in Q1/2012 as well According to the Transport Market Monitors compiled by Transporeon and Capgemini Consulting, transport prices in Europe were 7.9% lower in Q1/2012, compared to the last three month...
DB Schenker offers unique air freight service for sensitive medical products The German service provider DB Schenker Logistics is the only air freight services provider to date that already meets all of the future requirements of the International Air Trans...
Chicago gets new cargo hub The US city Chicago has reached an agreement with a developer, Aeroterm LLC, to begin the construction of the Chicago O'Hare international airport northeast cargo centre, a massive...
Air France-KLM Cargo headquarters moves to eco-friendly building The Air France-KLM Cargo headquarters at Schiphol airport (Amsterdam) moved to the TransPort building on the east side of Schiphol on 14 May. With this move, the management, commer...
TIR reinstatement in the EU is essential to ensure growth Member states at the forthcoming EU summit have the opportunity to reinstate TIR to enhance competitiveness among small or medium sized businesses (SMEs) and thus stimulate growth,...
Pantos Logistics opens No.2 logistics centre in Indonesia Pantos Logistics, the largest logistics business in South Korea, has opened its second logistics centre in Indonesia in an effort to bolster its local warehouse and distribution op...
SpecTec Americas appoints executive director SpecTec has appointed Evan Efstathiou as executive director of SpecTec Americas. Efstathiou, who worked in Veson Nautical as the director of client services for the last three year...
ITG establishes national subsidiary in Russia In March this year, the German forwarding and logistics service provider ITG GmbH Internationale Spedition + Logistik, based in Schwaig, opened a new branch office in Moscow. The e...
Gefco opens national subsidiary in Bulgaria The French transport and logistics group Gefco has established a national subsidiary in the Bulgarian capital Sofia. The move reinforces Gefco's presence in Central and Eastern Eur...
Lloyd's List at Posidonia 2012 Our team is setting sail for Athens and wants to hear from you
Salalah helps to secure its future Omani hub anchors cargo by upgrading its feeder links and targeting bulk
No end in sight for autologistics players' woes Confidence wanes as costs continue to surge
Glasses half full in Posidonia This year's Posidonia exhibition is an important expression of the maritime industries' potential for raising up Greece
Star Reefers changes its name Rebranding as Siem Shipping reflects search for new niches
Dover sees profit fall as turnover slips Port's ro-ro freight volumes down 1.1% despite growth in overall cross-Channel market
IMO unveils armed guard guidance PMSCs to seek national and international certification
Skills shortage inhibits British marine sector, says business minister Mark Prisk promises partnership approach
Shtokman may be strictly LNG Decision on mode of export could favour tonnage over pipeline
Frontline takes advantage of boom in North Sea to South Korea oil trade Trade agreement boosts North Sea VLCC shipments to South Korea
Falling Chinese iron ore price hurts arbitrage trade Further blow for capesize sector
Exxon may take 15 platforms from United Shipbuilding Series designed for Kara Sea may extend to 50
Mixed messages EU sulphur in fuels directive wields a big stick and offers a small carrot
Japan fears summer blackouts Extra LNG imports unlikely to help as gas-fuelled power stations already run at near full capacity
Iron-ore miner Ferrum Americas pushes into Bolivia New projects could benefit Argentina's bulk ports
VLGCs set to gain as Texas LPG terminal expands Two extra VLGC shipments could come from the terminal
Euroseas launches rights offering Dry bulk firm to raise about $15m for new purchases
Frontline's first-quarter profit outperforms analyst expectations Restructured tanker giant looks to improved second-quarter result
TEN reduces loss as it eyes tanker and LNG opportunities Owner beats first-quarter forecasts despite burden of drydockings and red ink from two VLCCs
HHI to build car carriers for Eukor South Korean yard secures deal for up to four 6,600 ceu vessels
Shanghai sets low bar for box volume growth The world's busiest port will focus financial environment
Germany's twin ports outperform rivals as box handling surges Bremen and Bremerhaven post strongest growth of all western European peers
Iranian talks end in stalemate Negotiations will resume in Moscow in June
ICS slams 'unacceptable' Panama Canal tolls hike Shipowner lobby calls on authority to withdraw planned increase
Capesize rates drop, mirroring lower China demand Weak China manufacturing indicators further depress sentiment
Ireland pledges 'radical' port policy overhaul New approach will develop terminals case by case
China considers reserving cargoes for Chinese vessels Ministry of Transport mulls over 'cargo reservation system' to rescue ailing state-owned shipowners
Seize the time More scrapping and a confident Frontline 2012 bode well for tankers
Morooka takes ICS helm in pivotal year EXCLUSIVE INTERVIEW: Top of new chairman's agenda: piracy, CO2 emissions reduction and industry response to proposals following Costa Concordia debacle
Rena master and navigation officer sentenced to seven months in jail Terms follow guilty pleas and take into account long time in custody
European shortsea rates under more pressure AVERAGE daily earnings for European single-decker shortsea tonnage continued to drop this week despite easing fuel costs
Tsakos swings to loss NYSE-listed Tsakos Energy Navigation today reported a quarterly loss, but president Nikolas Tsakos assured that challenges should pass
Euroseas launches rights offering NASDAQ-listed Euroseas today commenced a rights offering of up to 13.8M common shares to fund vessel acquisitions
Damen takes control of Oskarshamnsvarvet DUTCH shipbuilder and repairer Damen Shipyards has taken control of Swedish shiprepairer Oskarshamnsvarvet in Oskarshamn on Sweden's south east coast
Vinalines execs 'siphoned millions' THE scandal surrounding Vietnam's state-owned shipping company Vinalines has deepened, with the country's anti-corruption investigators accusing company executives of falsifying contracts to siphon away millions of dong from the company
Weak petchem demand hits products tankers WEAK petrochemical demand has hit products tankers, as more vessels compete for naphtha cargoes in the Middle East, say brokers
Sugar sweetens Supramaxes in Atlantic SUPRAMAX operators are repositioning their ships in the flourishing Atlantic market as rates in the Pacific continue to languish amid the dearth of Indonesian ore and coal cargoes
Box rates could drop until October CONTAINER rates will continue weakening until carriers begin to idle ships from 4Q12, said CIMB Securities in a note today
Frontline expects earnings boost FRONTLINE, the listed VLCC and Suezmax operator in John Fredriksen's business empire, expects the current quarter to show an improvement in earnings after it reported a 1Q12 net profit of $7.2M, down from $15.5M in the same period last year
CP Says it Will Cut 3,400 Worker if Strike Continues Canadian Pacific Railway said it will have to lay off up 3,400 workers if the union doesn't end a strike...
US-Canada Cross-Border Trucking Heats Up Looking for truck capacity? Look north. Tractor-trailer availability on the Canadian spot market was up 19 percent in April from...
DHL Exec Sees Possible Dip in Box Rates in Fourth Quarter Lines could see the freight rate gains of this year on major trades wiped out in the fourth quarter when...
Rotterdam Invests $18.75 Million in Heavy Lift/Project Cargo Terminal The port of Rotterdam is investing more than $18.75 million in a new heavy lift/project cargo terminal to keep pace...
How to Maximize Free Trade's Benefits Manufacturers can spend 50 percent or more of revenue on purchasing parts. So, it's not surprising that sourcing from low-cost...
Officials Hope to Turn Port of Miami, Everglades Into Transshipment Hubs Florida Gov. Rick Scott is providing a model of what one state government can do to promote maritime trade. With...
Carriers Sense a Return to Black in Near Future Meetings with several container lines last week in Europe yielded an unexpected takeaway. I had expected the carriers to be...
Slowdowns Cause Delays at NY-NJ Port Labor slowdowns at the Port of New York and New Jersey have caused lengthy delays for trucks at Port Newark-Elizabeth...
Air France Cargo to Slash Freighter Capacity Air France will reduce its freighter capacity by 20 percent as part of a cost-cutting and efficiency program aimed at...
Shipowners Criticize Panama Canal Toll Increase The International Chamber of Shipping criticized planned Panama Canal toll increases as "rushed, excessive and likely to cause further problems...
Japanese Ship Orders Sink 43.5 Percent Japanese export ship orders tumbled 43.5 percent in April from a year earlier to 515,768 gross tons, according to figures...
CP Strike Threatens Vancouver Intermodal Shipments Port Metro Vancouver remained fluid during the first two days of a strike that shut down Canadian Pacific Railway's operations...
Higher Costs Flatten Profit for Container Corp. of India Container Corporation of India's net profit stayed almost flat year-over-year at $160 million in fiscal 2011-12 ended March 31 as...
LA Port Releases Draft Environmental Impact Report on Proposed Marine Research Center The Port of Los Angeles has prepared a draft environmental impact report for the proposed Marine Research Center Project at...
CPR strike: boxes piling up A strike started on Wednesday by nearly 5,000 Canadian Pacific Railway [CPR] workers has already resulted in containers piling up at the Port of Montreal; however ...
Maersk Texas in piracy stand-off The multipurpose general cargo/container vessel Maersk Texas (1,000TEU) has narrowly avoided being pirated in the Gulf of Oman. At noon on Wednesday May ...
Ireland runs short of containers Ireland joined one of the very few European countries exporting more containerised cargo than imports in Q1 12. According to a presentation made by the Irish Maritime ...
CI Awards 2012: LATE-RUNNER EXTENSION Up to your neck in mud, bullets and containers this week?Meant to enter the CI Awards but ran out of time?The good news is that we have extended the cut-off ...
Rena officers jailed The master and the second officer of the MSC-chartered boxship Rena, which ran aground on the North Island, New Zealand Astrolabe Reef in October of last year, ...
Saudi Arabia ports report strong growth in Q1 12 In Q1 12, container traffic handled at Saudi Arabian ports rallied strongly compared with the same period of 2011, with the 1.56 million TEU handled being more ...
Teenager scrapping to increase The news that a 13-year-old boxship had been sent to the breakers yard provides further evidence of the new two-tier class of container ships: those that are fuel ...
Shipowners protest Panama Canal toll hike Plans to increase toll charges for the Panama Canal are "rushed, excessive and likely to cause further problems for shipping companies" given the fragile state of economic recovery, said the shipowner group.
CP strike could begin to bite Port authorities and shippers express concern that a prolonged strike on the Canadian freight railway will take its toll on their businesses and the national economy.
CMA CGM joins MSC/CSAV to ECSA This is a another South American trade extending the partnersahip between CMA CGM and MSC, offering the French liner a direct connection between the east coasts of North and South America.
MOL adds rail connections to performance metrics
Swiss starts Zurich-Tampa service
CHR names O'Brien senior VP of transportation
Troy follows customers to the Web
Orange connects Zim from shore to stern
RedTail expands to warehouse, 3PL support
Damen buys Swedish ship repairer
Virginia resumes log exports to China
Random exams cancel some C-TPAT benefits, CBP admits
European freight confidence wanes
U.S. breaks up illegal Chinese export ring Chinese national Qiang Hu was arrested in Massachusetts for illegally supplying U.S.-origin parts to end-users in China in violation of U.S. Export Administration Regulations and the International Emergency Economic Powers Act.
Bunker prices mixed as week ends Demand was slow today, according to a supplier on the US Gulf.
Marine wind and solar power solution to undergo testing Testing focused on system of sails, solar panels and energy storage modules that allow ships to tap into renewable energy by harnessing power provided by wind and sun.
2015 sulphur limit could have 'unintended consequences' Business Minister responds to Bunkerworld and Sustainable Shipping about impact of ECA legislation on UK's maritime strategy.
Lawyer confirms that sanctions could put P&I cover in jeopardy Using Iranian product as bunker fuel 'would place insurer in breach of sanctions,' warns UK specialist.
Prices firm in Rotterdam but weakening in southern Europe Quiet market activity in Hamburg.
Fujairah prices show strong gains One player in Durban fully committed.
UK marine strategy initiative seeks industry growth Government coming on board with industry-led ambitions to support development of UK's maritime industries.
EU official welcomes sulphur regulations Call for 'effective, proportionate and dissuasive penalties' for non-compliance.
Court jails skipper and navigation officer Fuel from grounded container vessel caused widespread pollution.
Bunker prices generally climbing in key Asian ports Supplies of bunkers fine at major ports in Asia on Friday.
Chinese bunker supplier reports 97% decline in Q1 profit Also posts lower revenues due primarily to reduced sales volume for fuel oil and petrochemical products.
South China fuel oil imports down 33% in April Due to weak demand from the bonded bunker sector.
Cash in advance 'too risky' Shipping firms prefer to pay 'a bit more' to procure bunkers from traders.
South Korean consultative group to develop LNG bunkering Group, which includes South Korean energy firms, shipyards, will jointly work to commercialise related LNG tech for bunkering.
Scrubber technology 'big unknown out there' Shipowners unlikely to invest in scrubbers before 2018, says BIMCO deputy secretary general.
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