Vladivostok increases container throughput Russia's Vladivostok Commercial Sea Port (including Vladivostok Container Terminal) reported a consolidated container throughput of 338,769 teu in the first nine months of the cur...
Russian Railways puts new rail car transporter into service Russian Railways, together with its subsidiary JSC FPC, now offers a new service for the carriage of private cars in specially designed rail car transporters. To fulfil the new off...
Professional drivers want good resting areas Like elsewhere, Denmark is faced with an increasing numbers of lorry and goods thefts. Last year 151 lorries were reported stolen and most of them were never found. A new report sh...
Geodis Wilson receives Innovation Process Award 2012 The French freight management company Geodis Wilson has been granted the Innovation Process Award at the Global Freight Awards 2012 in London. To the delight of the company's chief...
Etihad Rail Signs MoU with Sharjah Cement Factory Etihad Rail - the master developer and operator of the UAE's national railway network - has signed a memorandum of understanding (MoU) with Sharjah Cement Factory, a venture of Sha...
Nalcacilar reinforces fleet with Renault trucks The Turkish haulage company Nalcacilar International Transport has added 20 Renault Premium 460 18T trucks to its fleet, bringing the total number of vehicles to 67. The new units ...
Leipzig-Halle's logistics region acts as role model for Moscow Passenger and freight volumes are steadily raising at Moscow's three airports Domodedovo, Sheremetyevo and Vnukovo. Given this situation, the former military airport Yermolino in K...
Dubai International tops 2 million t in October Dubai international airport (UAE) handled 202,619 t of cargo in October, an increase of 2.4% over the 197,841 t recorded during the same period in 2011. The year to date freight vo...
Obama signs bill to back EU ETS reticent US airlines The US president Barack Obama signed the European Union Emissions Trading Scheme Prohibition Act of 2011 this week. The act requires the US secretary of transportation to prohibit ...
Port of Corpus Christi appoints new managing director The commissioners of the port of Corpus Christi TX (USA) appointed Frank Brogan, former deputy port director - engineering, finance and administration services, to managing directo...
DB Schenker Logistics creating 700 new jobs in Leipzig logistics centre Germany-based DB Schenker Logistics has been commissioned by car maker BMW to more than double its capacity in the new logistics centre in Leipzig. For well over a year now, the lo...
Seko Logistics expands into East Africa Seko Logistics, a global provider of supply chain solutions, including transportation, logistics and technology solutions, has opened two new offices in Uganda and Ethiopia. This l...
Kuehne + Nagel providing services for handball champion's league EHF Marketing GmbH, the marketing arm of the European Handball Federation has signed a new partnership with one of the world's leading logistics companies, Kuehne + Nagel. The agre...
US ports seek dredging priority US PORTS are urging the new leader of the House panel overseeing shipping to give priority to dredging
Frontline sounds tanker rate alert FRONTLINE has warned of serious problems for the entire tanker industry, not just individual companies, if freight markets remain weak
Tax fear spurs early dividends NYSE-listed Ship Finance International today announced a special dividend of $0.39 per share, joining a growing queue of companies that are accelerating payouts due to US tax-change fears
NOCC sees US driving vehicle carrier market NORWEGIAN Car Carriers reported losses for its third quarter and predicted that the US market would be the key driver of its sector's freight market next year, when Europe is likely to remain mired in economic downturn
German mini-bulker collective winds up A GERMAN co-operative of mini-bulker owners said today they have decided to wind down operations, a fortnight after the surrender of a sister co-operative for feeder box ships
China offers own indexes CHINA has launched its own variants on the Baltic Exchange's drybulk and crude indexes
Seanergy's woes worsen VICTOR Restis-controlled Seanergy today reported significant quarterly losses, more impairments and ongoing breaches of its debt facilities
Jinhui's profits drop 47% HONG KONG-based Jinhui Shipping today reported a 47% year on year drop in net profits to $12M for 3Q12
Shipping risks sap Nord profits GERMANY's state bank Nord LB, one of the country's biggest shipping lenders, saw its profits crushed by heightened default risks in shipping this year
Höegh LNG seals $250M funding for FSRU plan FOUR BANKS have closed a deal with Norway's Höegh LNG Holdings to create a $250M corporate facility for financing an FSRU
Rig order strength seen stretching into 2013 INCREASING ultra-deepwater oil exploration and the need to replace ageing rigs will continue to drive short-term rig orders, Keppel predicted today
SCF's 3Q losses total $8.6M SOVCOMFLOT, the Kremlin-owned tanker giant, has reported worse results across the board in the third quarter
Unifeeder's takeover of Feederlink approved EUROPEAN feeder and shortsea box carrier Unifeeder's acquisition of UK feeder specialist Feederlink has been approved by the Office of Fair Trading in London
Tracking seen speeding movement of containers TRACKING devices would speed the movement of containers off stacking yards and cut dwell times, an Amsterdam conference has been told
Chinese iron ore imports to remain steady CHINESE iron ore imports will remain high even if the tax on domestic iron ore production is reduced, US drybulk consultancy Commodore Research predicted today
LA-Long Beach Employers Put Ball in Union's Court The lead negotiator for employers in the ports of Los Angeles-Long Beach said shipping and terminal executives are prepared to resume contract negotiations immediately with striking office clerical workers. In a letter Thursday afternoon to John Fageaux, president of International Longshore and Warehouse Union Local 63, attorney Stephen Berry said employers...
Barnhart Opens New Branch Offices Memphis-based heavy lift and heavy transportation company Barnhart Crane & Rigging recently opened three new branch offices in Charleston, S.C.; Owensboro, Ky., and Richland, Wash., continuing its strategy to build a national network. The Charleston and Owensboro branches will focus on heavy transportation, rigging and lifting services for regional nuclear and...
Study Shows Growth in Port Freeport's Economic Impact Port Freeport generated $17.9 billion of economic activity in Texas in 2011, surging 76 percent from $10.2 billion in 2008, according to a report from port consultant John C. Martin Associates. During the same three-year span, jobs related to the port grew 21 percent to 66,689; associated personal income jumped 35 percent...
Norfolk Southern Completes $18 Million Upgrade of Export Coal Facility Class I railroad Norfolk Southern has completed a major upgrade to its Lamberts Point export coal transload facility, commonly known as Pier 6, in Norfolk, Va., which transfers coal hauled by train from Appalachian coal fields to ships bound for international markets. The $18 million investment, completed during a 90-day period...
David Oxner, Executive Director of the Nova Scotia Gateway Secretariat, Discusses Halifax's Strategy for Attracting Logistics Business The Nova Scotia Gateway Secretariat works to develop trade and transportation through the Canadian province. David Oxner, the secretariat's executive director, discussed those efforts in a Journal of Commerce interview in Halifax....
Federal Highway Administration Selects Rayman to Head Freight Office The Federal Highway Administration today selected Caitlin Hughes Rayman, Maryland Department of Transportation's Assistant Secretary for Transportation Policy and Freight, to be the director of the FHA's Office of Freight Management and Operations, succeeding Tony Furst. As an active member of the Coalition for America's Gateways and Trade Corridors while at...
Dubai International Airport Sees Growth Dubai International Airport saw volume increase last month as it continued to buck bearish air freight markets. Dubai handled 202,619 metric tons of cargo in October, up 2.4 percent compared to a year earlier and also higher than the 193,261 metric tons of throughput recorded in September. In the first 10 months...
S&P Switches CMA CGM Credit Outlook to Positive From Negative Standard & Poors changed its credit watch for CMA CGM to positive from negative saying the French ocean carrier's liquidity has "rebounded" in recent months due to its improved operating performance. The ratings agency, which maintained CMA CGM's CCC+ long-term corporate credit rating, said it expects the carrier's liquidity to improve...
Supply Chain Council to Host Conference on Cutting Logistics Costs The Council of Supply Chain Management Professionals, an education organization for the logistics sector, will hold its annual Europe Conference at the Amsterdam Airport Schiphol from May 15 to May 17, 2013. The conference will offer educational sessions and networking opportunities to global supply chain executives. The theme of the event will...
USDA to Lead Trade Mission to Russia The U.S. Department of Agriculture announced that Michael Scuse, undersecretary for farm and foreign agricultural services, will lead a mission to promote U.S. agricultural exports in Russia from Dec. 3 to Dec. 7. Representatives from Idaho, Missouri, North Dakota, Oklahoma and Kansas, plus 23 U.S. companies, will attend. The goal is to...
OOCL to Boost Asia-to-Europe Rates Hong Kong-based container carrier OOCL will implement a general rate increase and a peak-season surcharge on westbound trade from Asia to Europe on Dec. 15. Rates will increase $550 per 20-foot-equivalent unit for shipments moving from the Far East (including Japan), the Indian subcontinent and the Middle East to North Europe,...
ICAP Forward Curve Freight Rates The ICAP forward curve tracks containerized freight rates of swap agreements as settled against the SCFI-Shanghai Containerized Freight Index produced by the Shanghai Shipping Exchange.Derivatives Bid/Ask pricing in U.S. dollars as of Nov. 27 between Shanghai and the following four trade lanes. Data Included: 11/27/2012 U.S. WEST COAST...
OCU Strike Threatens Gridlock in LA-Long Beach Striking office clerical workers continued to cripple the ports of Los Angeles and Long Beach Thursday as 10 container terminals remained shut down. A crisis has not yet developed at the nation's largest port complex, but if the terminals remain closed through the weekend, some cargo interests and industry executives are...
Dockworkers Await Response From PNW Grain Handlers A midnight Wednesday deadline for action by grain handlers and longshoremen in the Pacific Northwest came and went with no action taken. Employers, represented by the Pacific Northwest Grain Handlers Association, and the International Longshore and Warehouse Union, on Thursday were each reviewing contract proposals designed to head off an employer...
Descartes Systems Group's Income Up 15 Percent in Quarter Supply chain management company Descartes Systems Group today reported that income in the third quarter of fiscal year 2013, ending Oct. 31, was $3.1 million, surging 15 percent from $2.7 million in the third quarter last year and 24 percent from $2.5 million in the second quarter. Quarterly revenue was $32.7...
JOC-ECRI Industrial Price Index The JOC-ECRI Industrial Price Index was developed by the Economic Cycle Research Institute (ECRI) and is a leading indicator of inflation based on a broad assortment of raw materials used in industrial production. The IPI growth rate compares the latest week's index with the IPI's average over the past year.In...
Transportation Insight Acquires CPA International Third-party logistics provider Transportation Insight today acquired CPA International, a Connecticut-based logistics company. CPA will operate as a new division of the Hickory, N.C.-based company, and Bill Titone, CPA's head executive, will serve as president of the division. CPA's legacy clients will have access to Transportation Insight's offerings. The acquisition will expand...
Schenker expands BMW service DB Schenker Logistics has been commissioned by BMW to more than double its capacity in the new logistics centre in Leipzig, Germany.For more than a year, the logistics ...
Dead cat bounce for boxship charters? Activity in the containership charter market has quietened again after a fairly active period a week ago. 'We have seen 23 fixtures in the last seven days; that ...
Zim negotiates to reduce newbuilding prices Zim Line is holding talks with shipyards to further delay delivery of the very large containerships it has ordered and to renegotiate the price.It placed a nine-strong ...
CMA CGM gets a positive nod from S&P French ocean carrier CMA CGM has not been a particular advocate of the credit ratings agencies in the past, but after the latest credit report on it from Standard ...
LA/LB clerical dispute could escalate to other USWC ports A strike by clerical workers at the APM T terminal in the Port of Los Angeles has spread to seven of the eight other terminals at LA and even stymied three of the ...
Germany in the firing line over trade surplus Germany has displaced China as the chief currency villain in the eyes of the US Treasury which in its latest report is damming in its criticism of the largest European ...
Tug titan expands A joint venture between two of Greece's top tug and salvage contractors has returned to the sale-and-purchase market in search of fresh tonnage.
Golar seals fixture John Fredriksen's Golar LNG (Golar) has clinched a five-year contract for one of its LNG carriers.
GC Tankers exits TI Tankers International (TI) has lost another member but the pool's roster remains intact despite the bankruptcy of its largest member, Overseas Shipholding Group (OSG).
Last chance to enter The deadline for entering the TradeWinds' Maritime Photographer of the Year competition is noon GMT this Friday so if you want to take part it is your last chance to participate.
First VL bites the dust John Fredriksen's Frontline 2012 has killed off the first of its VLCC newbuildings at Jinhai Heavy Industries.
Scorpio takes two Scorpio Tankers has chartered in a pair of long-range one product carriers in a move that appears to illustrate its faith in a market uptick.
Suezmaxes running late John Fredriksen's Frontline will take in two suezmax newbuildings later than previously expected but the ships are set to squeeze into the water before contractual cancellation dates.
Big John's Xmas gift John Fredriksen's Ship Finance International has gift wrapped a double dividend for its shareholders which will hit their bank accounts just after Christmas.
Korean cape scrapped South Korean shipowner Chang Myung continues to clear out older capesize bulkers.
EMGS wins Malaysia gig Electromagnetic Geoservices (EMGS) has won a $7m contract Shell to offshore Malaysia.
Nice work Workers at Irving's Halifax shipyard in Canada have bagged a 24% pay rise over five years.
Nord LB loan losses soar German lender Norddeutsche Landesbank (Nord LB) has seen margins squeezed in the first nine months by growing shipping loan-loss provisions.
Kirby swoop wins support Kirby Corp's latest takeover swoop is proving a hit on Wall Street.
Atlantic seal Shell deal Atlantic Offshore has bagged another emergency response and rescue vessel (ERRV) contract in the Norwegian North Sea.
Seanergy in breach Greek bulker owner Seanergy Maritime Holdings Corp said on Thursday it was in breach of certain financial covenants as a result of "prolonged negative market conditions."
Barge hits reef A laden barge has grounded in bad weather on a reef off Western Australia.
Covered for four years Shipyards are already full with more than enough vessels to meet the needs of most markets over the next four years, Drewry says.
Blair's maritime misery London lawyer Sarosh Zaiwalla has revealed he sacked former UK prime minister Tony Blair after a single maritime case when the future Labour party leader was merely a trainee barrister in the 1970s.
Maria problem solved John Fredriksen's Golar LNG is close to tying up a period charter for one of its spot-trading vessels.
Attica cuts loss Greek ferry operator Attica Holdings has reduced its losses in the first nine months, but talks with banks over debt restructuring continue.
CMA CGM gets a lift Standard & Poors is looking at CMA CGM in a more positive light after the French company said it was closing in on a debt restructuring package.
Hunt on for NITC tanker The Greek coast guard is searching for an Iranian tanker turned away by a bunker supplier over doubts as to the origins of its cargo.
Fiori on growth trail Marco Fiori is traversing continents and time zones as d'Amico International Shipping looks to see through its first share offering in over five years as a public company.
MPP holed in grounding A German multipurpose (MPP) has been holed on the bottom of its hull after grounding off Sweden.
ITC trims deficit Frontline-controlled Independent Tanker Corp has again seen its quarterly numbers improved by two VLCCs plying the spot market.
Nobody is immune Financial strife which brought down Genmar and OSG could spread across the entire tanker industry, John Fredriksen's Frontline says.
Damen back in China Damen Shipyards of the Netherlands has contracted another four ships at its Chinese partner yard.
Cuba eyes fleet rebirth Cuba is plotting a return to the fleet strength of the 1980s with new ship orders.
LSC wants tonnage tax Latvian Shipping Company (LSC) chairman Simon Blaydes has called for a tonnage tax to lure foreign owners to the country.
Hoegh LNG seals funds Hoegh LNG has secured a $250m senior secured credit facility to go towards the financing of an FSRU for Lithuania.
Jinhui profits halved Jinhui Shipping has seen its profits sliced in half by the weak dry bulk freight environment, latest figures show.
McQuilling in Atlas tie-up McQuilling Partners is teaming up with Asian private investment house Atlas Holdings Hong Kong the US broker has confirmed.
Li Ka-shing walks away Li Ka-shing's Hutchison Ports has withdrawn an application to build a new $480m container terminal in the UK.
SembCorp makes it seven SembCorp Marine has won its seventh drillship newbuilding order from Sete Brasil in a deal worth $806.4m.
CAI shares slide CAI International shares fell over 11% as investors reacted to a planned share sale by the company and three key investors.
U.S. major exporter of remanufactured goods, ITC says
DHL releases global 'connectedness' index
Forwarders could benefit from LA/LB shutdown "If there are disruptions in freight moving through the West Coast ports over the next month, that could lead shippers to increase air freight usage to get goods to market," wrote Dave Ross of Stifel Nicolaus Transportation & Logistics Research.
Longshore strike spreads in LA/Long Beach
Descartes continues on profitable path
CBP turns triple play for trade facilitation U.S. companies that have been certified as operating secure supply chains could soon achieve faster processing of their international cargo by taking advantage of three new measures unveiled this week by CBP.
NTSB issues cargo fire-safety recommendations Requiring active fire suppression systems, improving early detection of fires and developing better fire-resistant cargo containers are three recommendations the federal agency has issued to reduce in-flight cargo fires.
ICAO readies high-level environmental group "This group has been established to provide senior-level policy decisions on issues relating to the full range of activities ICAO is pursuing in its efforts to mitigate aviation's impact on the environment," an organization spokesman said.
Canada seeks volunteers for air cargo pilot
NEWSFLASH: Retailers ask White House to help restart LA/LB port talks The National Retail Federation has urged President Obama "to use all means necessary" to restart stalled contract negotiations between management and striking union workers at the Ports of Los Angeles and Long Beach.
Matson announces Hawaii rate hike
Hellmann names Birnbaum VP ocean development
Swissport reorganizes upper management
BIS proposed rule revises export controls for some electronics
Trade group: Diplomacy over sanctions dealing with Iran
NationaLease appoints Spence VP
New House T&I committee chairman lines up staff
Study supports U.S. food aid 'monetization'
NEWSFLASH: ILWU strike spreads to terminals throughout LA/LB A strike by longshoremen in the ports of Los Angeles and Long Beach has now spread to about 10 terminals in the ports.
Brightoil predicts China will 'open door' to private companies 'Bunkering is very difficult because the shipping sector is losing money,' says Group chairman.
Prices continue softening in Fujairah But are firm in Suez.
Prices lack direction in Rotterdam While Hamburg and Gibraltar saw prices soften.
Stena unveils alternative ECA solution Wants to convert all its ECA ferries to run on methanol following pilot project.
'Trust' key to making the deal, says trader 'Trustworthy relationships foundation of validating counterparty risk'.
Vopak: Fujairah terminal 'not handling Iranian oil' 'We would like to make it very clear that we don't store any product with certificate of origin Iran,' says tank storage provider.
MARPOL revision needed to clarify sulphur enforcement Shipowners need a scalable penalty for non-compliance that would be fair and more equitable, says Chemoil VP.
Denmark's pollution control vessels 'nearly useless' Captain who resigned due to poor safety says Denmark is not equipped to combat a major oil spill.
Stoppages at US West Coast ports Los Angeles and Long Beach grind to a halt as dockers refuse to cross picket lines.
Frontline trims quarterly losses But says that only 'substantial scrapping' can buoy the market.
Fuel oil stocks climb for fourth week in a row Imports from the West were high.
Zim posts best quarterly results since 2010 Cautious about future results despite profitable quarter helped by recovery in market conditions.
Singapore market softens Prices weaken in Asian hubs.
New sanctions would focus on shipping Measures would focus on foreign banks acting in the shipping and ports sectors.
Man Diesel reporting steady interest in its G-type engines 'Together with an optimised engine design, this reduces fuel consumption and reduces CO2 emissions.'
New LNG-fuelled container ship concept unveiled The STREAM 4200 LNG is designed for global operations.
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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