IDS: new transport service for private recipients is successful Demand is steadily rising for a new transport service for private recipients that was introduced by the general cargo alliance IDS around a year ago. The number of these type of sh...
CSX earns 2% less in Q3 The CSX Corporation, based in Jacksonville FL and one of the USA's leading providers of rail, intermodal and rail-to-truck trans-loading services, posted Q3/2012 net earnings of US...
RheinCargo's supervisory board elects chairman and deputy Six weeks after the German logistics service provider RheinCargo GmbH began business activities, the firm's supervisory board elected Rainer Pennekamp as its chairman and Michael Z...
Meritor trailer axles designated as standard equipment on Wabash National Trailers Lafayette IN-based Wabash National, one of the leading manufacturers of semi trailers in North America, has selected Meritor, headquartered in Troy MI, and the world's largest man...
Korean Cargo's future Boeing B777 freighter being built at increased rate The US airframe manufacturer Boeing has started building the first B777 at the highest rate ever for its twin-aisle aircraft. The rate of 8.3 airplanes per month is a nearly 20% in...
Rail Cargo Austria puts non-craneable trailers on the tracks The Austrian railfreight service provider Rail Cargo Austria has developed innovative handling technology for intermodal rail traffic. The system enables all common types of non-cr...
Airbus inaugurates A350 XWB final assembly line The European aircraft builder Airbus inaugurated the wide-body A350 XWB final assembly line this week (week 43). This was an event that occurred 40 years after the maiden flight of...
Chinese become second largest shareholder of French airline The French airline company Aigle Azur, founded in 1946 and based in Paris Orly airport, has come to an agreement with the Chinese HNA Group. When the pact takes effect, HNA will po...
Wascosa reorganises management Wascosa,a European tank car lessor, recently reorganized its management. Thomas Karsten joined the company on 1 October and took over the position of chief sales officer from Richa...
Rhenus transports rotor blades from China to Europe Rhenus Project Logistics, part of the German Rhenus Group, was recently mandated by a rotor blade manufacturer to organise the maritime transport of 45 rotor blades from China to C...
Aramex reports growth in revenue and net profits in Q3 The logistics company Aramex, which is listed on the Dubai stock exchange and has its global HQ in Amman (Jordan), has announced revenues of AED 763 million (EUR 160.2 millio...
Hermes: New contract with John Lewis in UK The parcel carrier Hermes UK, a member of the German Hermes Group, has won a new contract to run home delivery services for the retail giant John Lewis. The three-year deal will se...
Euroports and Compagnie Fruitière jointly invest in multi-purpose refrigerated fruit terminal Euroports and Compagnie Fruitière are jointly investing in a multi-purpose refrigerated fruit terminal. The facility will be located at Euroports' breakbulk terminal on the left ba...
Quasi-covered bonds could monetise shipping portfolios Flexible instrument allows banks option other than fire sale
Lekki terminal aims to boost Nigeria's box trades ICTSI site offering 2.5m teu of annual capacity is due to open in 2016
Maritime skills matter A range of maritime apprenticeships are in place in the UK that can match the capability of all who wish to work at sea
Aquasition up and running in New York Greek-backed acquisition vehicle begins trading on Nasdaq after raising $58m
Nobiskrug eyes Lindenau purchase Shipyard also in the frame for facilities of bankrupt P+S Werft
Fincantieri lands new orders worth $1.3bn from Carnival Bono hails 'very positive development for the Italian economy and the global cruise industry'
Suezmaxes rally as oil companies rush to book ships for November loading Stagnation ends in the Black Sea-Mediterranean and West African markets
Fifth of VLCC fleet eligible for conversion into offshore units As tanker market slides, owners will seek refuge in conversions
Fear of disclosure Orders to owners to unveil full information on assets have become the 'nuclear option' in charterparty disputes
Chinese bunker demand to grow 10% per year China Marine Bunker expects the country's consumption to exceed 25m tonnes in 2015
Greeks scale back on newbuildings New orders show greater-than-average drop in first nine months
HSH Nordbank owners prepared to increase rescue facility But bank says option to restore higher second-loss guarantee is 'not planned at the moment'
HHI suffers $73m losses from TMT defaults The world's largest shipbuilder books losses for seven 84,062 dwt bulkers and two 263,000 dwt ore carriers after deeming them cancelled orders
HSH Nordbank seeks to liquidate Omega Navigation Enterprises Case on brink of collapse after 15 months, as lender concedes 'Chapter 11 cannot solve weak market'
Responsible thinking Corporate social responsibility means changing a mindset, and that is probably difficult for owners looking at bleak financial horizons
Capesize market enjoying the ride Despite some bumps, brokers see capesize market staying afloat for several weeks
BMP4 needs to be updated to remain relevant, says Maersk Line Container giant arms its vessels selectively, based on risk assessment
Lull in piracy sparks concern that countries will cut naval forces Nato focuses efforts on preventing the pirating of dhows
Costamare offshoot pleads guilty to Rena pollution charge Tauranga court hands down $246,000 fine
Cosco Shipping warns of profit slump Full-year net profits to be more than 50% lower as bunker bills undermine rise in shipments
Korea Eximbank and K-Sure lend $3bn to Australian LNG project Credit will eventually go to contractors Samsung and Daewoo
Omega launches aggressive attack in Chapter 11 squabble Kassiotis company brandishes dormant US sanctions process and Greek lawsuit to browbeat lenders
Aquasition completes IPO BLANK-CHEQUE company Aquasition Corp began trading today on NASDAQ under the symbol 'AQUUU' after successfully completing its initial public offering
B&G enters OSG fray BRACEWELL & Giuliani announced today that it is representing a group of OSG bondholders in addressing the tanker company's threat of a potential bankruptcy filing
Daina pleads guilty and fined in Rena casualty DAINA Shipping, a subsidiary of Greece's Costamare, reportedly pleaded guilty today in a pollution prosecution growing out of New Zealand's Rena casualty
COSCO Shipping's profits plunge 73% COSCO Shipping said today its Q3 profits fell 73% year on year
Insurer: disputes fall even in tough times GERMAN freight, demurrage and defence insurer Schutzverein Deutscher Rehder has reported lower numbers of disputes this year
Silport's handlings rise 29% ESTONIAN port operator Silport said it handled 29% more cargo in January-September than in the same period of 2011
Tallinn buys icebreaker ARCTIA Shipping, Finland's government-owned icebreaker operator, said Tallinn's port has bought its multipurpose ship Botnica for €50M ($64.6M)
Seadrill to bid for AOD SEADRILL said today it plans soon to bid for all of Asia Offshore Drilling after acquiring a controlling interest in it
'Pirate' killed in NATO attack NATO SAID its forces have killed a suspected pirate and destroyed a dhow during a shootout just metres from the Somali coast
Tankers auctioned in China NINGBO's maritime court yesterday auctioned three chemical tankers en bloc for 174M yuan ($28M)
Sainty Marine's profits fall 46.7% SHENZHEN-listed Sainty Marine's third-quarter profits slumped by 46.7% year on year to 19M yuan ($3M), dragged down by an interest payments surge
NOL sells HQ for $311M NOL HAS sold its building in Singapore for S$380M ($311M) to compatriot property developer Fragrance Group
Northeast Ports Prepare for Hurricane Sandy Seaports in the projected path of Hurricane Sandy were battening down the hatches Friday in anticipation of the storm's impact whenever it hits the Northeast coast on Monday or Tuesday. Where the storm may hit along the East Coast was...
Hapag-Lloyd Sets East Asia Rate Hikes German ocean carrier Hapag-Lloyd will increase its rates on East Asia services starting in November. Rates on shipments from East Asia (excluding Japan) to the Indian subcontinent will increase 150 per 20-foot-equivalent unit, effective Nov. 1. The subcontinent region includes ports in India, Pakistan, Bangladesh and Sri Lanka. Effective Nov. 24, the...
Schenker sets up logistics academy in China DB Schenker has opened its own logistics academy to train employees in China. With around 5,000 employees in 60 cities in China, DB Schenker is one of the country's ...
UK gets Olympic & Jubilee bounce A boost from ticket sales for the London Olympic and Paralympic Games, coupled with a bounce-back from the negative impact of the Queen's Jubilee holidays in the ...
MSC follows the pack with global reefer GRI MSC, the world's second-largest ocean carrier, has fallen into line with its rivals by introducing a USD1,500 per container general rate increase on reefer containers ...
Index-linked service contracts grow The use of index linked service contracts, hedging and derivative tools in the liner shipping industry is accelerating according to Michael Blach, vice president ...
American truckers at the cross roads The American Trucking Associations' [ATA] for-hire truck tonnage index advanced by 0.4% in September after falling by 0.9% the previous month; in line with the ...
'Looking beyond the port gates' wins it for Peel Ports' Port of Liverpool That in the opinion of the judging panel was a significant factor influencing their votes in the Port Authority of the Year category in last week's Containerisation ...
Maersk feeder re-floated at Valencia The 645TEU Celia laden with empty Maersk Line equipment was re-floated yesterday almost a month after severe storms ripped it from its anchorage in the roads of ...
T&T buys out Bisso T&T Marine Salvage of Texas is buying out Bisso Marine's stake in a joint venture that has earned a reputation as one of the notable names in the tug and salvage space at home and abroad.
Bondholders band together A prominent US law firm has clinched a contract to provide counsel to Overseas Shipholding Group's bondholders on the back of Monday's bankruptcy warning.
Scorpio poised to sting Scorpio Tankers' Robert Bugbee is promising to "end the debate" over the advantages of fuel-efficient "eco ships" when the New York-based owner releases its third-quarter results on Monday.
Gibson's winter warmer EA Gibson has delivered a little good news to warm the hearts of embattled tanker owners this winter.
Carnival doubles down CEO says sales may be on the horizon as fleet renewal programme gains steam.
Vosco weaker Vietnam Ocean Shipping (Vosco) has more than doubled its deficit in the first nine months of 2012.
A couple for Classic George Economou's Classic Maritime has picked up a couple of capesize bulkers on period deals with rates close to 2012 highs.
Deiulemar man out Deiulemar's former chartering surpremo has been freed from jail on health grounds, say Italian press reports.
Cosco lines up bonds Shipowner China Cosco Holdings Co (CCHC) is planning a bumper sale of bonds worth $2bn.
ISC hurt in third International Shipholding Corporation has seen its third quarter profit shrink as revenue fell away.
Greeks facing tax hit? The Greek government is reportedly considering imposing a new cargo tax on shipowners as it tries to dig itself out of its financial hole.
Attorney probes OSG OSG's legal team looks to have earned its corn in anticipating lawsuits in the wake of the tanker owner's woes.
CSDC doubles on bonds China Shipping Development Co (CSDC) is selling another CNY 2.5bn ($399.5m) of bonds to bolster its finances.
Life on a burning deck We take a look at what was said in the market in the past week.
Libra adds to VL weight TradeWinds digests the digits making the headlines this week.
Siem's Star rises Siem Shipping has posted a vastly improved set of third quarter numbers thanks to a streamlined fleet.
Badger badgered Two Wisconsin politicians want a veteran ferry to stop dumping coal ash into Lake Michigan.
Foggy foul-up A distracted watch officer and a lack of precautions have been blamed for a collision between a Seatrade reefer and a Stealth Maritime LPG carrier in fog off the UK.
Celia refloated One of the two multipurpose vessels that grounded on a Spanish beach earlier last month has finally been moved.
BW Gas joins BP race BW Gas, the world's biggest player in the segment for the largest LPG carriers, has joined the race a BP-owned VLGC .
ADM eyes Lindenau Germany's Nobiskrug shipyard is plotting a takeover of insolvent tanker-building specialist Lindenau.
Seadrill bids for AOD Seadrill is looking to takeover Asia Offshore Drilling (AOD) after taking majority control of the company.
Shipping hurts Santander Spanish bank Santander's UK arm has made loan loss provisions of £335m ($537m) as shipping's crisis drags on.
Koreans put up $3bn Korean lenders are backing domestic yards' orders for Australia's Ichthys LNG development to the tune of $3bn.
Harley orders barges Harley Marine Services has picked Lousiana-based Conrad Shipyards to build four sister-class double hull petroleum barges.
Costamare pleads guilty Costamare has pleaded guilty to causing marine pollution off New Zealand and has been fined NZD300,000 ($246,000).
Bumi adds to backlog Malaysia's Bumi Armada has added five new contracts to its work backlog that are potentially worth up to MYR249m ($82m).
RCL eyes more tonnage Royal Caribbean says it is in discussions to build a third Oasis-class cruise ship, but has yet to make a firm commitment.
Hyundai to assess PNW reefer export surcharge The liner carrier said this week it is implementing a new $300 surcharge on all refrigerated containers originating in the Pacific Northwest market destined for Asia, the Indian Subcontinent and Middle East.
Echo Global buys Sharp Freight Echo Global Logistics said Thursday it has acquired substantially all of the assets of Sharp Freight Systems, an intermodal and truckload brokerage firm based in Yorba Linda, Calif., and with an office in Houston.
XPO buys truck brokerage from OHL XPO Logistics has acquired the operating assets of Turbo Logistics, the freight brokerage division of Ozburn-Hessey Logistics (OHL). The cash purchase price was $50 million, excluding any working capital adjustments.
Hadden to lead Port of Boston The Massachusetts Port Authority (Massport) named Deborah A. "Deb" Hadden, deputy port director of properties and transportation, as acting port director. She will oversee all aspects of Massport's maritime department.
Hapag pulls Baltimore from transatlantic loop
Asian lines slow SE Asia-Australia loop, add Fremantle
Lufthansa Cargo boosts winter flights
Accellos adds mobile applications
NCA touches down at DFW airport
International Shipholding reports smaller 3Q profit
Weekly global bunker price roundup A weekly price round up of bunkering hubs from around the world.
Bunker prices in the Americas mixed as week ends Demand was heavy on the US Gulf, according to a local supplier.
Vessels in Halifax order LSFO from New York Vessels forced to order LSFO fuel from New York due to insufficient avails in Halifax.
'Frankenstorm' prepares to lash US East Coast Forecasters calling for 'hybrid' super storm that has potential to wreak havoc along US East Coast.
Markets soft in North European hubs Good avails but quiet market in Hamburg.
Fujairah prices stay soft But mixed picture in South African ports.
North American ECA 'hits bunker sales in UK port' Vessels approaching European waters 'already have ECA-compliant fuel on board'.
Chinese supplier in new bid to raise cash Chimbusco to issue notes worth almost $48 million.
Arte hires bunker trader Logistics background before joining bunker sector.
VLOCs could run on LNG Valemax 'well suited' to carry large LNG bunker tanks.
UK terminal operator looking a small-scale LNG bunkering Technical and commercial studies being undertaken.
Maersk Line: LNG infrastructure 'is just not there' 'Conventional bunker fuel is likely to remain the most practical choice.'
Cruise ship release offers hope to cash-strapped owner Australian charter to be cashflow lifeline if ship is released.
Daina Shipping fined for Rena spill 'The guilty plea by the owners has led to this case being resolved in a timely fashion.'
Week ends with IFO prices largely down Supplies of marine fuels fine at key Asian ports on Friday.
Costly bunkers lend urgency to port investment Bigger ships will want quicker turnarounds.
US study considers impact of speed limit on OGVs Finds various emissions decreased by up to 70% when vessels adopted speed of 12 knots, when compared to regular speeds.
Private equity firm mulls investment in fuel efficient ships Fuel consumption of vessels will be the 'main thing' Vigor Capital will look at, says spokesman.
'No single solution' to meet future environmental regulation Fixating on one solution may create 'unnecessary problems' for the shipping industry, says Shell Marine Product general manager.
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