New truck parking area at Lübeck's Skandinavienkai Lübecker Hafengesellschaft, the operator of the port of Lübeck (Germany), has created a new truck parking site in Travemünde, close to Skandinavienkai. The new facility, which can ...
Swissport wins licences for Moroccan international airports Ground handling operator Swissport International has been awarded the handling licences for Morocco's international airports by the Moroccan Airports Authority (ONDA, Office Nation...
Tunis Air to start service to Moscow Domodedovo Starting tomorrow (28 April), North Africa-based Tunis Air is operating a new once per week service from Enfidha to Moscow Domodedovo. The airline will add a sec...
UK: truck trials to drive down carbon from freight Trials of carbon-cutting trucks are set for support from the British government. Industry trials will benefit from GBP 9.5 million (EUR 7.77 million) that is being invested by the ...
Port of Barcelona leading in Spain in terms of profit The port of Barcelona (Spain) closed the last financial year with an operating profit of EUR 60 million and investments of EUR 105.4 million. This year the Spanish port expects to ...
Russian Railways planning to take over Bulgaria's railfreight company EAD Russian Railways wants to buy the Bulgarian state's railfreight transport company EAD together with a counterpart in Greece, according to a report in a Bulgarian newspaper. The rep...
MOL establishes subsidiary in Peru The Japanese shipping company Mitsui O.S.K. Lines (MOL) has established a subsidiary in Lima. The new entity, called MOL Peru S.A.C, will be staffed by 19 people. (it)
Gefco organising rail flows in Europe The French transport service provider Gefco is now managing its own European rail flows. Since last December, Gefco has worked with three private railway operators to transport aut...
Air France-KLM Cargo and Martinair Cargo make tracking shipments easier Air France-KLM Cargo and Martinair Cargo have launched a new App for iPhones and iPads, making it even easier to track shipments. The App ena...
JCL Logistics Italy goes into liquidation It has just became known that JCL Logistics Italy Srl, a service provider based in Melzo, near Milan, went into liquidation in line with a decision taken at an extraordinary genera...
Geodis ends partnership with Azkar in Spain Geodis, the French transport and logistics corporation headquartered in Clichy, near Paris, has terminated its collaboration with the Spanish transport and logistics company Azkar....
Wim Bosman CEE opens new branch in Finland Wim Bosman Central Eastern Europe has officially launched operations in the port of Hamina in Finland. "The new branch opening was part of our strategy. The branch in Hamina i...
American Feeder Lines discontinues Canadian service Questions over fate of 10 US-built boxships on the drawing board
CIN abandons bid for Tirrenia branch Way now open for Onorato Partecipazioni to launch a fresh bid
Weak rates could open the door for private equity Moelis & Co team believes banks will increasingly insist on third-party cash
The rise of the modern day dry bulk operator Low freight rates and volatility are embraced
So where is the cash? Evolution, not revolution, say Moelis experts
Fuel prices cause problems as UK economy remains weak Latest UK Logistics Report forecasts very modest growth in the coming year on 'a long and bumpy road to recovery'
On thin ice in the Arctic US reliance on single heavy icebreaker is risky
Tsakos eyes future spin-off for LNG and shuttle fleet TEN looks at separate structure for in-vogue assets in order to 'unlock value'
Lovell Minnick takes up $10m fresh equity in Dahlman Rose Private equity group adds to earlier $40m investment
Falling asset values force TEN to reclassify debt Company insists the move is immaterial to $65m follow-on issue
Asian lines fumble in the red Carrier strategies to tackle cost and capacity challenges fail to convince
Shell sees floating liquefaction as the future of the industry Energy major's LNG sales volume rises 12%
Deutsche Bahn and HHLA announce port rail share swap Antitrust authorities must approve the deal
Capesize rates continue to slip Upcoming week expected to be slow but some see a glimmer of Chinese demand
BG Group sells stake in Chilean LNG terminal UK company retains a 21-year supply contract
Marco Polo Chapter 11 hearing adjourned again Parties now give themselves until May 17 to agree liquidation plan
US summer driving season will fail to shine for MR product tankers High prices at the pumps could push gasoline demand to 11-year low
Cosco takes a first quarter drubbing China's biggest shipping line sinks deeper into the red
Boxship orders slump in first quarter Newbuilding deliveries accelerate
CAI reports 42% revenue growth Strong first-quarter result signals robust demand for leased containers
Two single-ship KG funds file for insolvency Bank turns down restructuring plan for former Beluga vessels
Concordia Maritime forecasts slow rise in product tankers market Swedish owner reports first quarter net sales of $20.4m
Rongsheng taps bond market for refinancing bid Company closes first tranche of intended $572m issue
Lloyd's List wins award for innovation Market-leading journalism, analysis and data recognised at British Media Awards
Red alert Asian carriers' losses signal continued crisis for container industry
Petrofin paradox The overall figure for loans to Greek owners booked worldwide in 2011 rose by 2.2%, despite the woes of the nation's economy and the global shipping market
Precious Shipping posts $1.3m first-quarter loss Thai bulk operator cuts daily average vessels cost
Strong krona erodes Stena's 2011 results Group reports 'challenging' year for its ferry business
China Shipping Development loses $51m in first quarter Loss from spiralling fuel costs in line with expectations
MOL posts $322m fiscal-year loss Japanese giant foresees a marginally profitable fiscal 2012
Japan's Big 3 sink to losses JAPAN'S Big 3 shipping companies all posted losses today, reversing profits for the previous financial year
Box rate peak by August? THE RISE in box rates could peak, as usual, in the third-quarter high season in July-August, CIMB Securities warned today
$100Bn lending gap predicted NORWAY'S DNB today reportedly predicted a $100Bn gap in funding for shipping by 2015
Fairstar AGM halted in takeover uproar FAIRSTAR Heavy Transport today suspended its annual general meeting by up to 30 days because the board said it suspected an undisclosed shareholder accord tied to a hostile takeover attempt
Potent powder sniffed out VENEZUELAN authorities have seized 3.3 tonnes of cocaine headed for Mexico in a shipping container, IHS Global Insight reported today
China COSCO's bleeding worsens COSCO'S flagship company - China COSCO Holdings, the world's largest bulker company - has reported net losses for 2012's first quarter of 2
Exmar turns it around EXMAR, the listed Belgian shipping group, returned to profits in 1Q12, on higher operating income and gains from a one-off sale
Golar plans Oslo delisting GOLAR LNG said today it plans to delist its shares from the Oslo Stock Exchange
Hyundai Steel profits dive 39% HYUNDAI Steel said today profits in the first quarter dropped 39% from totals in the year-ago quarter
Why US shortsea fears new fuel rules SHORTSEA shipping in the US will be slammed by higher fuel costs when new air emissions rules take effect on 1 August, a bulker owner has warned
NYK seen outshining compatriots JAPAN'S second-biggest shipping group NYK Line is likely to outshine MOL and 'K' Line in the next fiscal year, Macquarie Equities Research predicted today
HHLA-DB split up intermodal JV HAMBURG box terminal operator HHLA and German state railway group Deutsche Bahn today parted ways over their intermodal JV
VLCC brokers get 'spooked' RUSHED chartering has resulted in VLCC rates rebounding in owners' favour, but brokers cautioned that tonnage supply is soon likely to favour charterers again
MES profits rise 32.5% MITSUI Shipbuilding & Engineering said today profits for the financial year ending 31 March 2012 were up 32.5% year on year, to ¥17.88Bn ($221.67M)
Asian Supramaxes struggle INDONESIA'S curbs on raw material exports are hurting Supramax bulker owners in Asia, brokers told Fairplay today
Canadian Pacific Union Approves Strike Option Canadian Pacific Railway would face a labor disruption in late May if a union representing 5,000 workers exercises a strike...
"K" Line Posts $503 Million Loss for Fiscal 2011 "K" Line swung to a loss of $503 million for the fiscal year ended March 31, a big drop from...
Emirates SkyCargo to Begin Its Own Vietnam Service Emirates SkyCargo will offer its own freight capacity out of Vietnam in June, launching a service between Ho Chi Minh...
Samsung Overtakes Nokia in Cell Phone Shipments Samsung Electronics overtook Nokia in the first quarter to become the world's largest cell phone brand for the first time,...
Losses Surge at China Shipping and Cosco China Cosco Holdings, owner of Asia's largest container shipping company by capacity, and China Shipping Container Lines each saw first...
Maersk to Raise Freight Rates on Major Trades Maersk Line plans to implement a series of general rate increases on major trade lanes that will take effect mid-May....
2011 a Banner Year for Top Trucking Companies The economic recovery, tenuous on Main Street and shaky on Wall Street, is surprisingly strong on the open road, where...
Supply Chains Shift on China's Halting Growth In explaining the vast quantities of excess capacity throughout the U.S. marine terminal world, it's not hard to identify the...
Maersk on Market Share: Shifting to Defense People make money on container shipping, not in it. The business provides consistent profits for terminals, equipment lessors and non-asset...
Costamare Buys Two, Scraps Two Box Ships Containership owner Costamare has bought two containerships and sold two older vessels for scrap as it continues to modernize its...
ANA Net Profit Rose 20.9 Percent in Fiscal 2011 All Nippon Airways Co. (ANA), Japan's largest airline, said on Friday that its group net profit soared 20.9 percent in...
New Container Port in Germany to Open in August Europe's newest container port facility is scheduled to open in August in Wilhelmshaven, Germany, and unlike its neighbors Hamburg and...
Freight Volume Stable at Singapore's Changi Airport Despite a dip in cargo movements to and from Europe and South Asia, Singapore's Changi Airport saw freight volumes remain...
American Feeder Lines Going Out of Business American Feeder Lines, which suspended its 9-month-old feeder service from Halifax to Portland, Me. and Boston this week, is going...
Double-Digit Brokerage Growth Boosts Echo Profit 42.9 Percent A 21.9 percent jump in freight brokerage propelled Echo Global Logistics' profit in the first quarter to $3.1 million, up...
CAI continues to post good results Despite a slight drop in container utilisation levels and generally weaker lease rates in Q1 12 than in the same period of 2011, a change in CAI International's ...
China COSCO still deep in the red as financial costs soar by 315% China COSCO Holdings - the parent company of COSCON - has followed in the footsteps of Chinese transport compatriot China Shipping Container Lines [CSCL] and reported ...
Jam tomorrow for Japanese trio? The big-three Japanese shipping companies, have unsurprisingly posted substantial net losses for their fiscal year trading - ending March 31, 2012 - with the common ...
TPT wants regional role Durban-based Transnet Port Terminals (TPT), the state-controlled operator of South Africa's main container-handling facilities is looking to establish co-operative ...
HHLA and DB reorganise rail investments Hamburg-based Hamburger Hafen und Logistik AG (HHLA) and Deutsche Bahn (DB) have agreed to rearrange their respective share holdings in TFG Transfracht, the main ...
Cagliari improves competitiveness Competition between Mediterranean hub ports took another turn this week when Cagliari's Port Authority decided to reduce its anchorage dues by 90%. President Piergiorgio ...
Bareli's total loss adds up to 'worst-ever' Q1 for underwriters The not unexpected confirmation from managers, Klaveness that the 3,100TEU CMA CGM-chartered boxship Bareli had been declared a 'total loss' has culminated in a ...
Penning: UK must develop coastal feeders Delivering a keynote speech at the 40th anniversary conference of the Plymouth Nautical Degree Association [PYNDA] at the IMO headquarters in London yesterday, ...
American Feeder Lines throws in the towel American Feeder Lines (AFL) has failed in its bid to revive US coastal shipping and suspended its New England-Halifax feeder shuttle after less than a year in operation, ...
Bunker prices end week higher in the Americas Demand picking up on US Gulf, local trader tells Bunkerworld.
New Zealand's only refinery set for expansion Marsden Point facility is New Zealand's only refinery and supplies all of the fuel oil for the country's bunker market.
Congressman chairs hearing on impact of regulations 'I am concerned about the cost and impact of several recent and forthcoming rulemakings that will affect the maritime sector.'
Price mixed in key north European ports Quiet bunker market in Hamburg, Piraeus.
Fujairah prices largely stable Prices mixed in South Africa.
Short sea sector calls for change to North American ECA boundary Recommends reducing ECA zone for certain ships to 50 nm, citing economic and environmental reasons backed by study.
Classification society offers shipowners help with fuel economy 'All shipowners need assistance to cut energy costs,' says RINA.
Surge in China's fuel oil imports from Venezuela Drop in demand for product from Singapore hub.
New marine propulsion system claims 75% efficiency gain Engineers have developed a new way to convert power to thrust that 'circumvents all the inefficiencies of the propeller'.
Another new barge for Russian bunker player Vessel is third in a series of four ordered by BFC.
Fuel efficiency will drive demand for newbuilds Shipping group looks to 'modern, fuel efficient generation'.
Bunker player triggers ship arrest Reports say Vinalines vessel was detained in Singapore.
Bunker prices firming as week closes Demand largely below average across key Asian ports.
LNG bunker 'key' to cost effective shipping industry Asia can overcome challenges, 'well-placed' to lead the way, says DNV executive.
Innovation 'only way' to overcome key challenges 'Innovation has played a key part in the maritime industry's development,' says Singapore's senior minister.
East China fuel oil stocks fall Strong bunker demand draw down inventories amid low cargo arrivals.
Chemoil director retires Lim Ah Doo has decided not to seek reappointment at the annual general meeting, says company.
First fuel-efficient suezmax joins AET fleet Energy saving devices will 'substantially reduce' amount of fuel used by the 157,000 dwt vessel.
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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