Last hurdle for Hamburg to get dredging started Hamburg, Europe's second-largest container port, is poised for a rise in cargo volumes in the coming years after one of the final hurdles to the ninth major river dredging in the port's 1,000-year history was surmounted.
Rising oil-tanker returns end streak of declines Returns for the biggest oil tankers hauling Middle East crude to Asia ended a six-session losing streak as longer voyages and crowded ports tied up more vessels.
Panamax-vessel deliveries break quarterly record The number of panamax-class dry-bulk vessels starting to trade this quarter reached 75, exceeding the record 60 ships delivered from builders in the third quarter of 2011, according to Barry Rogliano Salles.
OOCL appoints new CEO Orient Overseas Container Line (OOCL), the shipping division of Hong Kong-based Orient Overseas International Ltd (OOIL), has appointed Andy Tung as the new CEO of OOCL Hong Kong, ...
Maximus Air has designs on the future Maximus, the Abu Dhabi flag carrier reported that an Airbus A300-600RP2F, the kind of aircraft that forms the core of its current fleet, has been the first unit to be painted in th...
Virgin Atlantic Cargo returning to Mumbai After serving Mumbai (India) from 2005 to 2009, Virgin Atlantic Cargo is returning to India's thriving commercial centre from 28 October 2012. The new daily Airbus A330 passenger a...
Hactl praises decision to build third runway Air cargo handler Hong Kong Air Cargo Terminals Limited (Hactl) has strongly welcomed the Hong Kong government's recent in-principle approval to adopt the three-runway option for t...
Prologis selects new regional director for northern Europe Prologis, an investment company for logistics firms, has chosen Thomas Karmann to be its senior vice-president, regional director northern Europe, with effect from 1 June. Karmann,...
Valencia continues to be Spain's biggest container port The Spanish port of Valencia handled around 4.3 million teu in 2011, equating to a plus of 2.86% compared to 2010. Spain's number two port Algeciras reported a box throughput of 3....
K Line enhances NE Asia to SE Asia service The Japanese shipping company K Line is upgrading its intra-Asia services Jabco-1 and Jabco-2 with additional China calls. K Line will deploy a total of eight vessels for the twice...
Sikar-Bikaner section of NH 11 in Rajasthan to be widened The Indian Cabinet Committee on Infrastructure has approved the widening to four lanes of the Sikar - Bikaner section of National Highway 11 from km 340.188 to km 557.775. When fi...
CargoLine presents "Partner of the Year 2011" awards CargoLIne, a German general cargo alliance, has ranked Göppingen-based Wackler Spedition & Logistik as the best partner of the year 2011, followed by Schmidt-Gevelsberg (Schwel...
TFG Transfracht and BMW prolong collaboration The cooperation agreement between the German transport service provider TFG Transfracht and car maker BMW is being continued for another three years. As the rail track operator of ...
CN to acquire 161 locomotives Canadian National Railway Company (CN) is acquiring 65 new high-horsepower locomotives and 96 second-hand high-horsepower locomotives that will be upgraded, in order to accommodat...
Nippon Express enters shared ownership agreement with Colombian agent Nippon Express USA Inc, an overseas subsidiary of Japan-based Nippon Express Co Ltd, recently concluded a shared ownership agreement with Map Cargo SAS, its agent in Colombia. The ...
Death of former McDonnell Douglas CEO Sandy McDonnell The former McDonnell Douglas chairman and CEO, Sanford N. (Sandy) McDonnell, died aged 89, on 19 March. The Boeing company expressed its deepest respects. "The people of Boeing ex...
Hermes rolls out real time parcel tracing scheme The German service provider Hermes Logistik Gruppe Deutschland GmbH (HLGD) has introduced a parcel tracing system that enables customers to locate the position of their consignment...
Easing detected in Europe's container squeeze EQUIPMENT and slot shortages in the eastbound Europe/Asia box trade should ease within a few weeks, according to a leading liner analyst
North Atlantic raises $300M NORTH Atlantic Drilling has raised $300M through a private placement of equity
Strike shuts JNPT INDIA'S biggest box port, Jawarharlal Nehru Port Trust, has shut down through tomorrow
Export Growth Tied to Reduction in Port Delays A spokesman for agricultural interests called upon ports to help increase U.S. exports by reducing delays at marine terminals. ...
Canadian Truck Traffic, Freight Rates Increase The Canadian spot market for truckload freight hits its second highest point in 11 years in February, according to TransCore's...
Busy Peak Shipping Season Forecast During peak-season 2011, U.S. ports handled about 800,000 20-foot container units less than the macro economy indicated they should have...
Jones Act Carriers Claim 'Ample' Oil Capacity The U.S. maritime industry has "ample capacity" to transport petroleum from the Gulf of Mexico to the Northeast, the American...
Deadline Nears on Transportation Funding Plan House Republicans have two days to approve an extension to national transportation funding before hundreds of thousands of construction-related jobs...
WorldCity's Roberts Details Global Trade Growth in 2011 (Video) WorldCity President Ken Roberts said the value of global trade grew in 2011 and is expected to expand this year....
Consumer Confidence Dips, But Expectations Rise The Conference Board's Consumer Confidence Index dropped slightly in March, but consumers' outlook on the economy improved, the research organization...
EU Fines 13 Air Forwarders for Price-Fixing European antitrust officials on Wednesday fined 13 of the world's largest logistics companies, including Kuehne + Nagel, Panalpina and UPS,...
US Durable Goods Orders Rise 2.2 Percent Orders for U.S. durable goods in February rose 2.2 percent year-over-year to $211.8 billion, as increased demand for cars, computers...
Trans-Pacific Spot Rates Ease, But Stay High Average trans-Pacific spot rates this week eased off from their recent high of two weeks ago when carriers that belong...
Protest Closes India's Port Nehru A protest by local political parties and trade unions shutdown India's Port of Jawaharlal Nehru (Nhava Sheva), forcing ocean carriers...
Pacer Names Benki to Run Asia, Europe Logistics Pacer International named Al Benki as senior vice president, international logistics for Asian and European operations, where he will be...
Cosco Pacific Profit Climbs 7.6 Percent Cosco Pacific on Tuesday reported a net profit of $388.8 million for 2011, an increase of 7.6 percent year over...
MSC Merges India-Europe-Mediterranean Services Mediterranean Shipping Company will upgrade and combine its existing Indian Subcontinent-Europe-Mediterranean service network operated in conjunction with Shipping Corporation of...
China's Growth Tied to Technology, Consultant Says China will continue to expand its economy, but its growth will be based upon technology and innovation rather than low-cost...
EC fines forwarders for 'vegetable' plotting cartel The European Commission has fined 14 forwarders a total of EUR169 million for participating in four distinct cartels aimed at fixing air freight prices between ...
Boxship charter rates steady After a post-ocean freight rate hike mini-surge in charter rates of container ships, daily hire rates marked time in the past seven days, with charterers reverting ...
Bollore Logistics drives the group's profits While both global trade and Africa-economic and socio-political related issues affected the performance of Paris-based Bollore Logistics last year, this division ...
Horizon to slash debt with restructure plan for transpac ship charter Horizon Lines has taken further steps to reduce its debt with a plan to restructure its vessel charter committments - which it refers to as "hell ...
Basel-Multimodal Express hailed a success Contargo's innovative trimodal service between Rotterdam, Antwerp and Basel is claimed to be a success. Launched a year ago, the Basel-Multimodal-Express (BME) ...
CIGI says Caribbean maritime infrastructure must improve A recent report published by the Canada-based Centre for International Governance Innovation (CIGI) on the Caribbean maritime sector has concluded that the region's ...
Spain feels the double-dip heat The Spanish economy has slid back into recession, according to a new report from the Bank of Spain. This is further bad news for the Iberian nation's government ...
Still trucking-on in the US The barometer of the US economy, its trucking industry, accelerated ahead in February to record a 5.5% growth compared with the same month of 2011, providing yet ...
IBF declares Nigeria and Benin as high risk The London-based International Bargaining Forum (IBF), a body that involves the International Transport Federation which has approximately 600,000 seafarers among ...
Indian refiner ready to bring coker on line Fuel oil output is set to decline.
Maersk introduces 'super slow steaming' on Europe/Asia route Will add vessels to make up for extra transit time.
Pacific Rubiales Energy signs natural gas agreement Floating Liquefaction Regasification and Storage Unit to be located on the Colombian Caribbean coast.
Prices mainly down in Europe Rotterdam market 'void' of demand.
Prices falling in Fujairah and Suez Demand normal in Suez.
Fuel costs rising faster than predicted US Navy faces $939 million shortfall in 2012 budget.
Port authorities distance themselves from ECA worries Low Sulphur: 'There's not a whole lot we have to do with it,' says port authority spokesman.
Asian bunkering hubs see IFO prices soften Below average demand in Singapore.
Cockett releases details on Dubai office New office will be managed by Chris Fletcher.
German engineering firm files patent for LNG bunkering system Bunker fuel loading system able to load LNG, MFO, MDO and MGO bunker fuels onto vessels.
South Korea bunker output to fall in April South Korea expected to produce between 660,000 and 690,000 mt of bunker fuel in April, according to a Bunkerworld survey.
Container manufacturer expects slow steaming to continue Ship operators will continue super slow steaming due to high bunker costs, says Singamas.
Titan seeks expertise for refinancing plan Continues talks with 'a number of potential investors' for fresh capital injection in the company.
Take-up of ISO 8217:2010 spec fuel still 'slow' 'Refiners and traders need to do their part in ensuring quality assurance and compliance at source,' says DNVPS executive.
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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