New intermodal terminal in Tuscany A new intermodal terminal has been opened in Minucciano in the Tuscan province Lucca (Italy). The terminal has been equipped to load 15,000 HGVs per year and will mainly serve Ital...
Turkish Airlines awarded for motivational event Turkish Airlines (THY) has been presented with a Stevie Award's silver medal in the category "The best internal recognition/motivational event". THY was recognized for a...
Service changes to Djibouti Next Monday (3 September), Air France is adjusting its operation to Saudi Arabia. The existing thrice-weekly service to Jeddah will be cancelled and the link to Riyadh will be boos...
Renault Trucks: HGV leasing now called R-Trucks The Germany company Nutzlast AG, which has partnered Renault Trucks Deutschland GmbH since 2010, is set to operate under the new brand name R-Trucks. The firm is simultaneously aug...
Commercial vehicle market remains troubled Germany's commercial vehicle market has recovered from the crisis in 2009, but the market environment this year is still difficult, according to a new market analysis issued by Deu...
Hoyer joins forces with rail network operator Fesco in Russia The Hamburg (Germany)-based logistics provider Hoyer plans to cooperate with the Russian logistics enterprise Fesco. The two companies have just signed an agreement to that effect....
Marseille announces re-opening of Messina service to East Africa The port of Marseille (France) announced that Italy's Genoa-based shipping line Messina resumed its service from Marseille to East Africa yesterday (28 August ). Two ships - the ...
Three new members for CMA CGM board of directors The French shipping company CMA CGM will get three new members of the board of directors in September. Dominique Bussereau, former French secretary of state for transport, Peirre M...
Tropical storms impact on air traffic in Eastern Asia and Gulf of Mexico While the typhoon Bolaven continues to affect flights to/from Korea, the South Florida (USA) airports began returning to normal operations on Monday morning (27 August). However, a...
Biggest aircraft deal in Philippine's history Philippine Airlines (PAL) has placed a firm order for more than 50 aircraft with the European aircraft manufacturer Airbus. The agreement encompasses single aisle A321s and wide-bo...
Dachser Food Logistics opens new branch office in Koblenz Dachser Food Logistics Food Logistics is expanding its full-coverage logistics network for temperature-controlled food logistics with a new branch office in Koblenz (Germany). The ...
P&O Ferrymasters earns quality mark for temperature controlled transport Reefer operations at P&O Ferrymasters have achieved British Retail Consortium (BRC) accreditation for the transport of packed, temperature controlled food products following an...
Priority Freight acquires Awli Group Ltd UK-based Priority Freight has acquired the Heathrow (London) forwarding arm of Awli Group Inc. Priority says it was a logical strategic move that will help pursue its mission of be...
How long will owners survive? asks Frontline boss Jens Martin Jensen questions how much longer the market can cope with earnings below operating cost levels
Germany's city of ships Lloyd's List attends the naming ceremony of the Hamburg Express
German ship finance retreat threatens entire industry Shipyards and component-makers feel the pinch
Sulphur fuel-price spread widens on US west coast ECA spells supply shortages for California bunkers
Energy Centurion still in hands of pirates but crew unharmed IMB says to expect release in 7-10 days once theft of cargo has occurred
Bourbon posts $21m first-half gain Offshore shipping company expands its shallow water fleet
Horizon Lines amends its bylaws for equity shareholders Parties that reach a 4.9% threshold require board approval
PSA International to quit Pakistani port Reports suggest that unnamed Chinese company will take over Gwadar concession
Somali piracy is down but not out Shipowners should maintain vigilance despite recent fall in attacks, say experts
Tramp owners step up rate of scrapping and sales German-owned ships particularly targeted
DP World bucks global uncertainty to post a profit Emerging market terminals deliver a strong performance
Hurricane Isaac disrupts US Gulf maritime and offshore commerce Major ports shut and 93% of oil production halted as storm makes landfall
Box Club is a vital forum for container shipping bosses Industry leaders must meet face to face, says Kranich
India and Sri Lanka shake hands Moves towards co-operation on maritime security may reflect larger concerns
CIMC invests in aviation logistics firm World's biggest container maker to take stake in Pteris Global
UK government urged to take lead in tackling West African piracy Maritime UK urges prime minister to instil a sense of urgency as he did with Somalia
Order disorder Zim's delayed deliveries highlight carriers' efforts to manage boxship supply
Virginia must drive a hard bargain over port bids, says economist Room to negotiate with all three contenders, says Koch
SITC net profit falls 19% in first half China's largest private boxline firm weighed down by rising bunker costs
CSICL posts 27% drop in first-half net profit State-owned yard feels the pinch despite increase in offshore orders
Sembcorp wins $674m FPSO contract in Brazil Work calls for eight modules on two rigs destined for deepwater drilling
Frontline loses $11.2m in second quarter Worse to come in second half, Fredriksen company predicts
TSA adds low-sulphur fuel component to bunker charge Move follows August 1 implementation of the North American ECA
Shanghai Port posts weaker profit Slower growth at the world's busiest box terminal highlights China's export malaise
Cosco losses balloon in first half Losses running 76.7% higher than first half of 2011
Spain loses appeal in $1bn Prestige lawsuit against ABS Landmark ruling in New York has huge implications for classification industry
Frontline cuts losses but warns on prospects FRONTLINE said today it had cut losses for both 2Q12 and 1H12, but still warned that oversupply of tonnage is deepening the tanker sector's gloom
Subscriber notice TECHNICAL problems prevented the sending of several email products yesterday
Blast pushes up tanker rates PRODUCT tanker rates have been nudged higher in the Atlantic Basin, with the four-day-long PDVSA fire boosting demand for Venezuelan imports, a tanker analyst said today
€0.5M pollution bail ordered A BREST prosecutor today ordered the owners of a Russian-flag bulker to pay €0.5M ($626,310) in bail for its release
UAE tribunal approves Drydocks restructuring A TRIBUNAL in Dubai has reportedly sanctioned the $2.2Bn debt restructuring of Drydocks World
Star turns profits into losses NASDAQ-listed Star Bulk today reported 2Q12 net losses of $4.6M on voyage revenues of $21.7M
Bourbon turns losses into profits OFFSHORE vessel operator Bourbon said today it turned around losses to net profits of €17M ($21.35M) in this year's first half
China's yard orders fall 51% ORDER intake at Chinese shipyards over January-July fell 51% from those of the same period last year, the China Association of the National Shipbuilding Industry said today
Premuda loses €6.6M LISTED Italian tanker and bulker operator Premuda posted first-half losses of €6.6M ($8.28M) and warned that full-year results were likely to be similar
Wan Hai injects cash into Singapore unit TAIWAN's Wan Hai Lines today said it is pumping about $210M into its Singapore subsidiary
Dalian leads China's growth DALIAN is continuing to be the fastest-growing port in China, with throughput rising 26% from January to July, to 4M teu
CSBC profits plunge 72% TAIWAN'S shipbuilder CSBC said today 1H12 profits dived 71.8% year on year to NT$366.1M ($12.2M), as margins fell in the weak market
P+S Werften declares insolvency in Germany GERMAN shipyard P+S Werften declared insolvency today at district court in Stralsund, eastern Germany
Inspectors winding up tests on scorched ship SAFETY inspectors are working today to complete checks on MSC Flaminia, but their first tests were called positive by the maritime prefecture in Cherbourg
Sembcorp wins PETROBRAS orders SEMBCORP Marine's subsidiary Jurong Do Brazil has secured a $674M contract from Tupi BV, a PETROBRAS consortium to build offshore modules in the Tupi oilfield off Brazil
Yoshitani OK on Expeditors Board, Commission Says The Seattle Port Commission has added its legal assessment to that of port staff in stating that Executive Director Tay...
Rush Is On for Ship Space to West Coast Ports Retailers and other cargo interests are frantically seeking space on vessel sailings to West Coast and Canadian ports now that...
Federal Reserve Says Economy 'Gradually' Expanding Shippers of retail goods and cargo related to the housing industry got a dose of goods news from the Federal...
Democratic Senators Demand Rail Safety Review Three Democratic senators on Wednesday requested that the Government Accountability Office review the safety of the freight and passenger rail...
Daggett's ILA Local Authorizes Strike The International Longshoremen's Association local that ILA President Harold Daggett headed for years voted to authorize its current president to...
Will There Be an ILA Strike or Lockout? (Podcast) In this podcast, JOC Senior Editor Joseph Bonney discusses why labor contract negotiations between the International Longshoremen's Association and United States Maritime...
Container Handling Grows at Port of Baltimore The volume of containers handled by the Port of Baltimore in July jumped 15.2 percent to 61,933 20-foot-equivalent units, up...
LA-Long Beach Clerical Workers, Employers to Resume Talks Shipping lines and terminal operators in Los Angeles-Long Beach were breathing a sigh of relief Wednesday morning after office workers...
TSA to Add Low-Sulfur Fuel Component to Bunker Charge Member carriers of the Transpacific Stabilization Agreement will be adjusting their bunker charges to recoup higher costs of low-sulfur fuel...
Hoffman to Head Damco's Industrial Vertical Unit Damco hired long-time logistics executive Steve Hoffman as global head for the industrial vertical sector. Hoffman who comes to...
New Facility Expands UPS Presence in Halifax The United Parcel Service on Tuesday opened its first logistics facility in Halifax, Nova Scotia, a key part of the...
Philippine Airlines to Buy More Than 50 Airbus Planes Philippine Airlines this week placed an order with Airbus for more than 50 single-aisle A321 and widebody A330-300s for roughly...
Trans-Pacific Spot Container Rates Fall 8.6 Percent Average spot rates in the eastbound trans-Pacific trade slumped 8.6 percent this week, the second weekly decline since carriers were...
DP World Posts Flat Profit in First Half DP World's profit stalled in the first half even as Dubai's state-owned global container terminal operator increased its world market...
OOCL Delays Delivery of Six Post-Panamax Ships OOCL said it is delaying the delivery date of the remaining six container ships out of eight with capacities of...
Port Nehru Truckers Call Off Strike Container trailer operators at India's Port of Jawaharlal Nehru (Nhava Sheva) called off their strike Wednesday evening, allowing the movement...
IWLA Urges Veto of California Warehouse Legislation The International Warehouse and Logistics Association urged California Gov. Jerry Brown to veto a bill that regulates the form and...
COSCO Pacific sees strong H1 results due to Piraeus and Guangzhou terminals COSCO Pacific's terminal business achieved solid financial results for H1 2012 - driven by strong performances from both its Piraeus terminal in Greece and Guangzhou ...
ZIM to raise Europe/West Africa rates ZIM Line has announced that it will introduce another general rate restoration on its services connecting north Europe and the Mediterranean basin with West Africa.It ...
TSA ups bunker charges on back of new low-sulphur rule A new protocol requiring vessels to reduce sulphur oxide (SOx) emissions by burning low-sulphur fuel within 200 miles of US and Canadian coasts, has led transpacific ...
Maersk borrows more money cheaply The A P Moller-Maersk Group is offering 7-year Eurobonds for a principal amount of EUR750 million with an interest rate of 3.375% on the Luxembourg Stock Exchange. ...
Maersk cancels sailings from China Maersk Line has joined other carriers in announcing sailing schedule cancellations from China to Europe during China's National Golden Week holiday period starting ...
MSC Flaminia: fires extinguished
Zim Line unclear on 2012 result Since announcing much improved financial results yesterday, Zim Line has clarified that it is still unclear if 2012 will be profitable. Allon Raveh, the company's ...
Strikes cause POAL profit slide Although revenue inched up, operating income and net profit in fiscalyear 2011/12 both slid at Ports of Auckland (POAL) as theowner/operator of cargo-handling facilities ...
DP World defies economic gloom DP World, which is one of the biggest operators of container terminals in the world, has defied the global economic and trading gloom by posting a resilient set ...
CSCL stuck in the red China Shipping Container Lines saw losses swell in the first half despite a surge in volumes and revenue.
Shipbuilder shaves deficit China Ocean Shipbuilding Industry Group managed to narrow its net deficit in the first half despite fierce competition and a 50% decline in newbuilding orders.
Cosco losses swell China Cosco Holdings plunged deeper into the red in the first half on the back of heavy losses at its bulker and liner divisions.
CSCL breaks into bunkers China Shipping Container Lines has hatched a plan to reduce fuel costs by setting up its own bunker company.
Shin Yang suffers Malaysia's Shin Yang Shipping has posted a drop in annual earnings as costs rose.
Star slides in Q2 Star Bulk Carriers slipped into the red in the second quarter, a period its chief executive described as one of the most challenging the industry has ever faced.
Clarksons shuts Sydney Clarksons is closing the doors of its Sydney office in a move which will see several experienced hands leave the shipbroker.
Bourbon hit by Typhoon Bourbon's newbuilding programme has been hit by a Typhoon in South China.
Tanker crew "safe" The master and crew of the hijacked Greek tanker Energy Centurion are believed to be unharmed, the vessel's manager said.
Costs sting SITC Rising costs continue to eat away at an improving top line at SITC International Holdings.
Marine orgy threat? A cargo of testosterone on the crippled containership MSC is among the potentially hazardous materials identified as the vessel prepares to transit the English Channel.
P+S admits defeat German shipbuilder P+S Werften has filed for insolvency after failing to agree an out-of-court restructuring deal with shipowners.
CSBC earnings dive Taiwanese shipbuilding group CSBC has recorded a steep drop in first-half profit.
Terry master fined A Russian master who grounded a tanker off Denmark has been fined EUR 6,500 ($8,200).
Fredriksen still hungry Frontline 2012 is close to enlarging its significant newbuilding catalogue with containerships potentially its next avenue for expansion.
Bourbon turns it around Bourbon has overturned a first half loss off the back of a bigger fleet.
Panamax breaks up A Sinokor bulker damaged in a collision last year has snapped in two in a storm off South Korea.
Bulker probed over spill A Russian bulker has been diverted to the port of Brest as French authorities investigate an oil leak off Brittany.
Big John's box brainwave John Fredriksen is readying another shipping spin-off with Ship Finance International preparing to unwind its container division.
FRO 2012 banks more John Fredriksen spin-off Frontline 2012 reported a surge in earnings during the second quarter but expects the current period to be weaker.
LSC further into red Lithuanian Shipping Company (LSC) has posted a bigger loss for the first half despite revenue growth.
DP World edges up Dubai ports group DP World has increased earnings by 0.4% in the first half, as volumes grew in Africa, the Middle East and South America.
Frontline loss cut John Fredriksen-controlled Frontline has reduced the deficit in the second quarter, but is warning of worse to come in the next three months.
CASM: Solar installations flourish despite tariffs
Update shows U.S. economy grew 1.7% in 2Q
Key ILA local votes to authorize a strike Local 1804-1 yesterday evening gave "the authority to recommend and call for a strike if that action becomes necessary when the current Master Contract expires on September 30, 2012." Its members do maintenance and repair work.
Maersk to skip 5 Asia-Europe sailings in October The line said the skipped sailings will not impact its Daily Maersk product from Shanghai, Ningbo, Yantian, and Tanjung Pelepas to three main European destination ports. The product guarantees delivery time in Europe.
Washington Notebook: Former P&G official to help shape trade policy
FMC updates 'controlled carrier' list
Zim hits break-even on 2Q operations The Israeli liner carrier said Tuesday it benefited from an industry-wide turnaround in the second quarter, with operating profit of $1 million in the period, compared to a loss of $79 million in the same quarter of 2011.
Flaminia fire extinguished
Jitters over West Coast clerk negotiations Contract talks between the ILWU Marine Clerks Association Local 63 Office Clerical Unit (OCU), and the Los Angeles/Long Beach Harbor Employers Association, are reportedly in danger of breaking down, worrying West Coast shippers.
CBP opens registration for Trade Symposium
INSIGHT aims module at cap-and-trade restrictions
RedPrairie updates WMS on market gain
Maersk hiking TP rates to Canada
Rickmers adds Nagoya to RTW service
Wheels to buy MSM Group
Transpacific carriers add charge for low-sulfur fuel
Newsflash: Management calls on ILA to meet, discuss work rules
Fujairah sees IFO prices weaken Suez's market lacked direction.
Bunker prices soften in European markets Some of the steepest falls seen In Piraeus.
'More discussion' needed on ECA limits Business group claims there was 'no phased introduction and no level playing field.'
TMF Singapore appoints Senior Bunker Trader Steve Goh arrives at TMF from Bomin.
'Simple refinery economics' may support current flash point limit Reassuring trend and fewer flash point off-specs gas oils from ARA suggests ample supply without sacrificing safety offered by statutory limit.
Another player to offer LSFO in Singapore TMF is 'confident' it can become a key supplier of low sulphur material.
Strategic alliance in China 'ramping up slowly' Aegean says its strategic alliance with CCBC will take up to two years to 'mature'.
Mid-week bunker markets soften in Asian hubs Supplies at major bunkering ports in Asian mainly fine.
Merged yards eye fuel efficient ship designs Merger comes amid increasing interests from investors across shipping segments.
Japan bunker output to improve Volumes to increase 9% in September, estimates show.
'Robust' marine fuels business helps prop up earnings CEPSA's operating earnings improve partly due to a 44% increase in earnings at its refining and marketing unit.
Universities in diesel fuel and MGO emissions study Fine particulate emissions of both products 'quantitatively different but qualitatively similar'.
Titan delays circular despatch Requires additional time to finalise information which include details of its subscription agreement.
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