CMA CGM introduces peak season surcharge The French carrier CMA CGM Group has decided to implement a USD 350/teu peak season surcharge (PSS) in the trade from Asia to Europe (westbound) as per 1 June 2012. (it)
Eurotunnel adds additional capacity for Olympic Games in London Eurotunnel is bringing an additional half shuttle (rake) into service to transport cars between Calais and Folkestone for the forthcoming Olympic Games in London. An additional imp...
First DAF CF85 assembled in Morocco The first locally assembled DAF CF85 recently rolled off the production line at CFAO Motors Maroc. This marks the start of the local assembly of DAF trucks by CFAO, which has alrea...
Istanbul's largest customs office to move The Halkali customs office on the European side of Istanbul is being moved to Catalca, 70 km away from Istanbul on the side towards Bulgaria and Greece. The Union of Chambers and C...
New report shows advantages of rail when calculating external costs A new study has been undertaken by consultants CE Delft, INFRAS and ISI for the International Union of Railways (UIC). The study, which analysed the external costs of transport, ha...
Panama Canal's proposed toll increases not acceptable by International Chamber of Shipping The board of the Panama Canal Authority (ACP) has approved a toll increase of 15% in two years, on seven types of large ships, and from 60% to 113% for small vessels passing throug...
Rudolf Logistik group reshuffles management Rudolf Logistik Group, a Baunatal (Germany)-based medium-sized enterprise that provides contract logistics services for automobile producers, has reshuffled its management team and...
Hacis goes for ITFS to speed its road feeder services Hacis (Hong Kong Air Cargo Industry Services Limited - the road feeder and added-value services arm of Hong Kong Air Cargo Terminals Limited) is equipping all of its air cargo road...
Schiphol welcomes back Thai Cargo Amsterdam Airport Schiphol has welcomed the inaugural flight of Thai Cargo's new weekly B747 freighter services. The aircraft - delivered in early May - was escorted to the ramp by...
Cooperation between Singapore and Tokyo Narita airports Singapore's Changi Airport Group has signed a memorandum of understanding with Japan's Narita International Airport Corporation (NAA) to intensify collaboration between the two maj...
Redhead International opens new depot in Bristol The UK logistics company Redhead International has opened a new depot in Bristol, in southwest England. The company sees the region as a burgeoning market for its tailored services...
Norbert Dentressangle puts the spark into Vauxhall Vauxhall Motors Ltd has signed a three-year contract extension with the French transport and logistics service provider Norbert Dentressangle for the overnight distribution of auto...
DB Schenker Logistics expands in Singapore The German service provider DB Schenker is setting up its first global solution competence centre outside of Europe. Approximately EUR 3 million will be invested in technology and ...
Monika Ribar nominated for Swiss board of directors The Swiss Air Transport Foundation has proposed that Monika Ribar, CEO of the Basel (Switzerland)-based service provider Panalpina World Transport, be appointed to the board ...
US Gulf discharge delays cause VLCCs to be booked with storage options Vela continues chartering vessels for Middle East to US voyages
Posidonia prepares to party despite a sober backdrop Industry gathers as Greek shipping faces problems at home and abroad
Eurozone braced for Greek exit But departure may not be bad for shipping
A plea for common sense Reality evaluation may sound complex but it does what it says on the tin
Greek exit fears mean problems for Paragon Broker Newedge will no longer touch Greek securities
Have falling bunker prices halted further slow steaming? RS Platou reports faster VLCC and boxship sailing speeds in May
The future is blue European Maritime Day discussed how best to grasp the economic opportunities presented by the world's oceans
Charter rates rise for post-panamax boxships Zim takes 8,400 teu vessel for 12 months at $40,000 a day
Arctic climate change offers opportunities for shipping Shipping could replace land-based transport
Scandlines sells five freight routes to Stena Weeks of speculation and rumour end with ferry operator confirming focus on passengers
Twin pressures of weak freight rates and high oil prices keep Zim in the red Israeli line reports first quarter net loss of $163m
STX Pan Ocean navigates toward a better second quarter News that South Korea policy bank could be planning to buy assets from parent buoys major dry bulk operator
Golar LNG capitalises on rising spot market Fredriksen company holds about one third of all unchartered vessels in global orderbook
Shipowners must hold crewing agents accountable Nearly two-thirds of maritime incidents due to human error, says Skuld
Miami ship inspector convicted for false statements Investigation into corrupt inspections fingers Bolivia flag
Antwerp invests $31m in India strategic alliance Expanding Essar Ports woos European major
Anglo-Eastern and Teekay form strategic partnership Joint shipmanagement unit will oversee 50 of Teekay's crude and products tankers
Maersk boss confirms focus on four core activities Nils Andersen says investment will be directed towards offshore and terminals
Daggett signals possible US east coast industrial action ILA boss tells members that employers will not back down over automation
Tanker companies' bad vibes The tanker market is several years away from any recovery in all sectors
Opening the door China's transport ministry edges toward lifting the valemax ban
East coast unrest Shipowners and their customers may be well advised to be prepared, should the worst happen and US east coast ports are hit by labour unrest
Back to basics P&I clubs pledge their support for a Posidonia that is all about business
Tan leaves CSSC in government-led reshuffle Tough times ahead for Chinese shipbuilding giant, warns Hu
G6 Asia-Black Sea Express makes debut eastbound call at Suez MOL Performance arrives ahead of schedule
SinOceanic posts $2.8m first-quarter loss China's HNA Group will continue support
Offshore arm weakens DryShips' first quarter Economou expects five drilling units open next year to deliver winning hand
China's orderbook shrinks again Report shows demand falling despite boom in offshore sector
SCI's higher costs deliver annual loss Losses in liner business weigh on results
Golden Ocean reports $13m first-quarter profit Company faces impairment if Sanko charterparty deal collapses
Syrian upheaval puts squeeze on box sector SEARCHES for smuggled arms, rapid insurance price rises and other factors were reported today to be squeezing the box trade to Syria
Beware 'atomic-device option' by banks LENDERS might seize tankers continuing to transport Iranian crude when the full EU embargo takes effect a month from now, a Norton Rose lawyer has reportedly warned
Stena Weco palms JV deal STENA Weco, the palm oil tanker venture of Stena Bulk and Weco, said it plans a joint venture with Golden Agri-Resources, the world's second-largest palm oil producer
Seadrill cuts stake to pay for expansion SEADRILL said today it has sold 300M shares in SapuraKencana Petroleum, the Malaysian oil company, for about $200M
Stena buys Scandlines routes GERMAN-Danish ferry operator Scandlines today announced the sale of five freight-heavy ro/pax routes to Sweden's Stena Line
Zim's losses widen LOSSES at box liner Zim reportedly widened to $163M in this year's first quarter, from $111M in the first three months of 2011
Boluda to close last yard SPAIN'S Boluda has reportedly decided to close its last remaining shipyard, Union Naval Valencia, because of dwindling newbuilding orders
Russia mulls Arctic transit ship charges FOREIGN and domestic-flag vessels would need to pay Russia's government for access to Arctic routes under a legislative proposal
Drybulk congestion rises WAITING times are again rising at Australian and Brazilian drybulk ports
BDI falls lowest since early April THE BDI fell another 26 points to 986 today, hitting its lowest level since early April
Alpha coal scheme approved by Queensland INDIA'S GVK Power & Infrastructure has reportedly won environmental approval from Queensland's government for its A$10Bn ($9.9Bn) Alpha coal scheme
P+S Werften bailout in limbo BOSSES at Germany's shipyard group P+S Werften are today digesting a delay in their appeal to win at least €10M ($12
Frontline 2012 shares hailed PARETO Securities in Oslo has initiated its coverage of Frontline 2012 with an enthusiastic 'buy' rating
Golar LNG remains bullish GOLAR LNG, the listed company in the centre of John Fredriksen's LNG business, said today it remains "fundamentally optimistic" about the sector despite a slight drop in 1Q12 net profits
DryShips deficit mounts GEORGE Economou-led DryShips has reported larger quarterly losses than expected and a sharp rise in its working capital deficit
NAFTA Trade Hits Record $85.7 Billion in March The value of surface transportation trade between the U.S. and Canada and Mexico hit a monthly record in March, topping...
Higher Volume Drives Up Landstar Revenue Landstar System says truckload freight volumes are increasing and revenue rising about 10 percent in the second quarter despite a...
ILWU Clerical Workers Resume Contract Talks Contract negotiations resumed Tuesday between office clerical workers and waterfront employers in Southern California. It was the first face-to-face meeting...
Roadrunner Expands LTL Trucking in Northeast Roadrunner Transportation Systems, one of the fastest-growing U.S. trucking companies, is expanding in the Northeast by opening two terminals. ...
International Air Cargo Fell 4.5 Percent in April Global air cargo traffic fell 4.5 percent in April from a year ago, but the market appears to be bottoming...
Canada's Senate to Vote on Legislation to End CP Strike Canadian Pacific Railway shippers came a step closer to getting their raw materials and goods moving again after Canada's House...
Stable Spot Rates Set Stage for Peak Trans-Pacific Surcharges Eastbound trans-Pacific spot rates held steady this week for the sixth week in a row, as carriers resisted any rate-cutting...
Antwerp Buys Stake in India's Essar Ports The Port of Antwerp is acquiring a 4 percent stake in India's Essar Ports in a $44 million investment aimed...
Zim Loss Widens on Falling Rates, Rising Oil Prices Israeli ocean carrier Zim Integrated Shipping Services said its first quarter net loss widened to $163 million from $111 million...
Lomar orders 1,000TEU-class ships UK-managed Lomar Shipping, which is an operating division of the Greek-controlled Libra Group, sees considerable business opportunities in the smaller containership ...
Crowley expands its Puerto Rico distribution capacity Crowley Maritime Corp is significantly expanding its warehousing/distribution capacity in Puerto Rico, justifying its decision on the back of growth in the local ...
SCCT to benefit from G6 service Port Said's Suez Canal Container Terminal (SCCT) will see a bounce in its box throughput from the new G6 Asia Black Sea (ABX) service that started calling at the ...
APM T wins CSCL business on US Gulf Coast Shanghai-headquartered CSCL is joining CMA CGM's Pacific Express 3 Service as a slot charterer and will therefore utilise APM Terminals' [APM T] container ports ...
GT Nexus launches new 'Cloud' tools Oakland, California-based GT Nexus has launched a new module as part of its Cloud platform that takes the 'facebook/linked-in' approach and allows all members involved ...
Zim Line still in financial trouble As with most other ocean carriers, Zim Line continued to haemorrhage money in Q1 12, even losing more than in the previous quarter. On the bottom line, USD163 million ...
Maersk gives up its own ships on trans-Tasman trade Maersk Line is to withdraw its own tonnage from the trade between Australia and New Zealand and will from July buy slots from MSC and ANL. Currently the Denmark-based ...
QUBE boosts its Fremantle operations Sydney-based QUBE Logistics, which offers container depot and freight transport services across Australia, is installing new software at its facilities serving ...
Eimskip: volumes and costs up in Q1 Icelandic shipping and transport group, Eimskip, has posted EBITDA for the first three months of EUR6.8 [USD8.5] million, versus EUR12.9 [USD16.1] million in the ...
Spain's retail sales tank Beleaguered Spain, which infamously holds the top rank for unemployment levels in the eurozone - at 25%, with a staggering 53% of under-25s without ...
LR, Totempower and Zodiac to investigate wind power The ongoing need for shipowners/operators to cut fuel consumption and reduce emissions is stimulating considerable debate in the industry while furthering research ...
Home shopping boosts logistics opportunities A survey it conducted of 1,000 adults about online, catalog, and television shopping found 75 percent of consumers have shopped at home in the last year, and nearly one-third of those make online purchases at least once a month.
Sedex: Collaboration, ethics grow a supply chain
Rail strike bill clears Canada's House A government-appointed arbitrator will work with the railroad and Teamsters Canada Rail Conference, which represents 4,800 striking employees to negotiate a new contract.
Zim losses widen in 1Q The Israeli liner carrier saw its first quarter losses widen from the same period in 2011, suffering a net loss of $163 million and more than the $151 million lost in the first three months of 2011.
Antwerp collaborates to support Indian trade The Port of Antwerp International will assist Essar with training, port planning, traffic flow, quality and productivity enhancements and is taking a 4 percent share of Essar with an investment of 175 million rupees ($3.1 million).
Mumbai to set up oil spill response centre Port Trust invites bids to set up oil spill facilities and will announce awarding of contract in July.
Business and legislators remain divided on sulphur rules 'We regret EU has not taken the views of the European business and industry into account,' say freight forwarders.
European bunker markets see further losses Low sulphur product tight in Hamburg.
Prices still falling in Middle East and African ports 'Lacklustre demand' in Suez.
Bunker prices offer hope for container line Falling fuel prices should have 'a positive effect' on Zim's 2012 results.
LNG cheaper than scrubbers, says study Payback on investment likely be shorter, says joint study by GL and MAN.
Bunker prices fall in Asian port hubs Supplies of bunker fuels fine at key Asian ports on Wednesday.
UK bunkering firm receives $9.3 million bunker tanker Lerrix can carry 500 mt of IFO material and 600 mt of MGO.
High bunker prices support vessel scrapping Owners of older tonnage will hesitate to take vessels through 'special surveys' if bunker prices remain high, says Golden Ocean.
Infrastructure needed for Asian LNG bunkering operations The availability of 'good proven technology' will be a determining factor in introducing LNG bunkering to Asia, says CEO.
LNG tank technology gets Lloyd's Register approval LNG system 'will be of particular interest' for wider use including as LNG-as-fuel tanks.
Offshore marine services firm starts fuel reduction campaign Bourbon aims to reduce fuel consumption of its fleet by around 15-30%.
Piracy threatens to impact bunkering ops off Fujairah Vessels drifting off Fujairah are 'potential sitting ducks' for pirate attacks, says a maritime security specialist.
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