Sichuan Airlines introduces second long-haul destination Starting today (28 February), China-based Sichuan Airlines is launching operations to Melbourne, its first destination in Australia. The Chengdu-based carrier began a first long-ha...
Quito's new airport opens The opening ceremony of Quito's new Mariscal Sucre international airport took place last week. Its brand new cargo facilities (45,000 sqm) have the capacity to handle 250,000 t of ...
Finnlines to increase Helsinki - Rostock sailings Finnlines, which currently offers three direct sailings a week from Rostock (Germany) and two from Helsinki, will introduce a new departure from Helsinki in week 15. The Finnish sh...
CSX started track work in Virginia CSX Transportation, a transport service provider based in Jacksonville FL (USA), has started track maintenance work on its line through Ashland VA, to step up the safety and effici...
New CEO helms USA Truck USA Truck Inc has appointed John Simone as its new president and CEO and given him a seat on the board of directors. The former CEO, Cliff Beckham, has returned to his previous rol...
Wim Bosman Belgium receives truck safety award Wim Bosman Belgium, a European logistics service provider, has won the Truck Safety Award presented by MMM Business Media in Belgium. The jury was impressed by the results that the...
AirBridgeCargo opts for application of Champ Cargosystems Moscow headquartered AirBridgeCargo Airlines (ABC) is augmenting its cooperation with Champ Cargosystems. The provider of integrated, business-critical IT solutions for all players...
Daimler augmenting truck portfolio in India Daimler India Commercial Vehicles will put 17 new BharatBenz truck models onto the Indian market by 2014. After last year's record sales of over 1,000 heavy-duty trucks within a th...
Etihad Rail: stage one on schedule Etihad Rail, the developer and operator of the UAE's national railway network, has secured funding of AED 4.7 billion (USD 1.28 billion) for stage one of its railway project. The n...
DST opens logistics hub in Karlsfeld near Munich DST Möbel Mobil, a furniture forwarder based in Rekingen (Switzerland), is opening a 2,000 sqm logistics centre with twelve truck loading bays in Karlsfeld, on the north-western pe...
Streck Transport holds groundbreaking ceremony for new logistics centre in Switzerland Streck Transport AG, a forwarding company headquartered in Möhlin near Basel (Switzerland), is investing CHF 12.5 million in a cross-docking warehouse and office building in Pfunge...
NV Logistics SA accredited by Swissmedic for transport/storage of therapeutic products NV Logistics, a Geneva airport (Switzerland)-based company founded by Thierry Moreno in 2010, provides a large and innovative range of logistics services to its clients. The f...
Slack handysize market spells loss for Pacific Basin Yearly net loss reflects writedown from ro-ro exit
Vale posts its first quarterly loss in a decade Iron ore giant takes $5.7bn writedowns on loss-making mines as its maritime freight costs soar
Wogan eyes multiple opportunities for GasLog LNG carrier owner is relaxed about fixing last open ships as annual revenues soar
Brightoil swamped by red ink Bunker supplier posts 35% fall in revenue and a $974m loss from derivatives
Scrapping emulates last year's record-breaking levels Ship recycling players face influx of tonnage in a changing business landscape
Cash buyer GMS plugs ship-finance gap Operators seeking capital bring business proposals to Sharma
Hong Kong Convention entry into force criteria and guidelines IMO wording
Four years on and the Hong Kong Convention still has no signatories Ship recycling industry expects it could take even longer than originally expected to enter into force
Owners embrace hazardous materials inventories Hong Kong Convention spurs drive to identify asbestos and other risks
Spotlight on Bangladesh ship breaking and recycling rules An overview of the measures that govern the country's scrapping industry
Chittagong is changing its ways Bangladesh's shipbreaking industry has been improving working practices in accordance with local government guidelines
Industry divided over Brussels moves to regulate recycling Success of proposed fund will require more transparent pricing
Judge refuses to transfer Concordia lawsuit A LAWSUIT filed by Costa Concordia passengers will proceed in Florida state court, not Italy - a major legal blow to owner Carnival
Earnings put pressure on Aegean shares STOCK pricing for Aegean Marine Petroleum Network slumped today after its earnings came in well below expectations
Wilson's net losses rise WILSON, one of Europe's biggest shortsea operators, today posted significantly higher net losses for 2012
Rise in debt protection seen for Germany MORE shipowners in Germany are likely to use reformed debtor protection rules under a debt restructuring bill, an insolvency administrator has predicted
Lending squeeze halts German fleet growth LIQUIDITY and capital shortages are taking their toll on Germany's merchant fleet, the third-largest in the world
Shipping hails Delhi's moves INDIA'S finance minister today disclosed duty exemptions for domestic shipping companies
Pacific Basin swings to losses HONG KONG-listed Pacific Basin said today it swung to 2012 net losses of $158.5M, on a $199M write-off of its ro-ro business
Kreuz's profits soar 49% SINGAPORE-listed Kreuz Holdings said today profits shot up 49% for FY12
China's output of ship plates falls 37.2% CHINA'S production of ship plates reportedly fell 37.2% in 2012
Luka Koper's profits surge but miss target LUKA KOPER, which owns Koper, Slovenia's only port, said net profits for 2012 surged to €10.4M ($13.9M), '10M more than its 2011 results but '3.2M less than its prediction
Brightoil reels to 2H losses HONG KONG-listed Brightoil today reported losses of HK$871.1M ($112.3M) for the six months ended 31 December 2012, reversing profits of HK$965.2M a year earlier
Profits for DFDS dive DENMARK'S ferry and logistics group DFDS said today recession in Europe and overcapacity were behind a deep fall in 2012 profits
Torm warns on profits TORM, the listed Danish product tanker and bulk shipping group, said today it faces deeper losses than forecast this year
German turbine installation deal awarded FRED OLSEN Windcarrier said today it has been awarded an installation contract by the Siemens group
Profits tumble 56.3% at China's Sainty Marine SHENZHEN-listed Sainty Marine said today its net profits fell 56.3% year on year to 80.7M yuan ($12.9M) in 2012
Wan Hai Lines Launches New 4,680-TEU Container Vessel Wan Hai Lines christens Wan Hai 515.Wan Hai Lines has christened its Wan Hai 515 container vessel at a ceremony at CSBC Taiwan's Kaohsiung shipyard in China. Po Ting Chen, chairman of Wan Hai Lines, presided over the ceremony. Wan Hai 515 has a maximum loading capacity of 4,680 20-foot-equivalent units. It...
MAPI Report: Manufacturing Production to Rise 2.2 Percent in 2013 Inflation-adjusted gross domestic product will expand by 1.8 percent in 2013 and by 2.8 percent in 2014, according to the Manufacturers Alliance for Productivity and Innovation's Quarterly Economic Forecast report. The figures show no change from MAPI's previous November 2012 report. However, manufacturing production is expected to show increases of 2.2...
Japanese Shipowners Knock Plans to Hike Suez Canal Tolls The Japanese Shipowners' Association is urging the Suez Canal Authority to rescind the toll increase scheduled to go into effect on May 1. In a letter submitted to SCA, the JSA expressed "deep disappointment" regarding the unilateral toll increase "without any dialogue between the SCA and Canal users," following the 3 percent toll...
Shuster, Boxer Urge States Officials to Get Word Out on Infrastructure Needs WASHINGTON, D.C. - Bill Shuster and Barbara Boxer - the respective chairs of the House and Senate's major transportation infrastructure committees - told state transportation officials Thursday that their efforts to educate the public and Congress on the nation's infrastructure needs are essential to passing key legislation. The duo's comments highlight the push to...
Canada's West Coast Ports on the Rise in 2012 U.S. and Canadian West Coast ports: market share by country in 2008Canada's West Coast container ports saw robust growth in 2012 while for the most part their U.S. counterparts stagnated or declined, according to analysis of each port's published data. The result is that Canada's share of total West Coast...
North American Rail Traffic Drops For the week ending Feb. 23, North American carload and intermodal volumes dropped from the previous week because of U.S. and Canadian volume decreases, according to the Association of American Railroads. U.S. Carload vs Intermodal Traffic Week-to-Week Percent ChangeSource: AAR For a larger chart, click on the image.Combined North American carload volume,...
India Increases Duties on Imported Luxury Goods India's Ministry of Finance has increased the customs duty on imported luxury goods, such as high-end motor vehicles, motorcycles, yachts and similar vehicles. For motor vehicles, the duty has been raised from 75 percent to 100 percent. On motorcycles with engine capacity of 800 cubic centimeters or more, the duty will...
Echo Global Logistics Names Reed CTO Echo Global Logistics has appointed Michael Reed, its interim chief technology officer, as the official CTO. He has served as interim CTO since April 2012. Reed began his tenure with the Chicago-based transportation and supply chain management company in 2007 as a lead application developer, and has held several positions since...
YRC Freight Buys Four LNG Trucks for Pilot Project YRC Freight has completed its agreement with Clean Energy Fuels to purchase four liquefied natural gas trucks that will serve the Port of Long Beach and other surrounding areas. The pilot project will leverage the Clean Energy fueling infrastructure in Southern California. The LNG trucks will be operated by YRC Freight...
Africa's Logistics Market Ballooning, Study Finds Logistics spending in Africa by manufacturers and retailers (both in-house and outsourced) is set to increase by almost $28.8 billion by 2016, as the size of the outsourced logistics market increases by 38.4 percent, according to an "Africa Logistics" report by Analytiqa. The study of eight markets across the region predicted...
ILWU: United Grain Lockout Is Unfair Labor Practice International Longshore and Warehouse Union Local 4 charged that Wednesday's lockout of its workers in Vancouver, Wash., by United Grain Corp. constitutes an unfair labor practice, and a union spokeswoman said the ILWU plans to file formal charges in the next few days. The company stated that it was locking out...
Port of Houston Authority's Commission Approves Budget The Port of Houston Authority's commission has approved the port's 2013 operating budget, which reflects increases in operating revenue, net income and cash flow. The budget forecasts a 3 percent rise in container traffic and a 10 percent increase in auto cargo in 2013. Accordingly, the port budgeted $225.6 million for...
Drewry Sees Average Rate Hikes of 4 Percent Though ocean freight rates have stabilized, importers and exporters should prepare for a "choppy ride" through the rest of this year, Drewry Supply Chain Advisors warned Thursday. Despite another year of excess capacity growth, Drewry expects global freight rates to rise through 2013, even though the majority of new ship deployments...
Baltimore Sets Cargo-Handling Record Maryland's Gov. Martin O'Malley reported that the Port of Baltimore's public and private marine terminals handled a record 36.8 million tons of cargo in 2012, valued at an all-time high of $54 million. The port's public terminals moved 6.29 million tons of container cargo in 2012, up 7 percent from the...
EU-Peru Trade Agreement Takes Effect March 1 Trade barriers between the European Union and Peru will be lifted as of , when the EU's trade agreement with Peru and Colombia, signed in 2012, will be provisionally applied with Peru. The agreement will open up markets for EU and Peruvian exporters, which is expected to yield more...
Court Again Rules in Favor of Port Mackenzie Rail Extension Tthe 9th Circuit Court of Appeals has again denied environmental groups' request to block construction on the Port Mackenzie Rail Extension, a 32-mile rail link connecting the main line of the Alaska Railroad with Port Mackenzie in Alaska. The order was issued in San Francisco, denying an emergency appeal by Cook...
CMA CGM to Add Port of Charleston to Pacific Express 3 Service CMA CGM will add South Carolina's Port of Charleston to its Pacific Express 3 service, providing an additional connection for the region's shippers to ports across Asia. The French carrier has deployed 11 vessels of between 4,400 and 5,100 20-foot-equivalent units capacity in the weekly service. The first ship to call...
Port of Los Angeles Appoints Sidley General Counsel Janna Sidley, the Port of Los Angeles's new general counsel.The Port of Los Angeles has named Janna Sidley as general counsel, effective March 4. In her new role, she will supervise the City Attorney's port operations and serve as in-house counsel to port management and the Los Angeles Harbor Commission. She...
Ship Finance on Life Support The drip, drip of bad news from Germany's beleaguered shipping sector threatens to burst into a flood at any time. More than 150 of the single-vessel companies, mainly container carriers, that dominate the nation's shipping fleet, have gone belly-up in the past year. And with charter rates still heading south and...
EU to Help Fund $3.3 Million Swedish Infrastructure Project The European Union will co-finance more than €2.5 million (about US$3.3 million) from the TEN-T Programme to improve the maritime infrastructure in Lake Mälaren in Sweden to accommodate larger vessels. The project aims to increase the role of maritime transport in the area, foster intermodality and relieve congestion on road and...
Brazilian ports await March reform After a six-hour protest strike by 30,000 Brazilian port workers on Friday - that left a backlog of an estimated 50 general and containerships to service - ports ...
G6 Alliance deny reports that it plans to speed up EUM service G6 Alliance member Hapag-Lloyd has moved to deny reports that the alliance has bucked the recent trend for slow steaming by speeding up one of its Asia-Mediterranean ...
Kaliningrad the 'crossroads' between Europe and Russia No more than 600km separates the Kaliningrad Sea Canal at Baltiysk, the westernmost point of the Russian Federation, from the capitals and ports of Poland, Germany, ...
PIL launches new Africa-Middle East Service Singapore-based Pacific International Lines will launch a new service covering the Africa-Middle East trade in March.The Africa Middle East 2 Service (AM2), which ...
SCCT back to normal for now The Suez Canal Container Terminal appears to have worked without restriction this week after a non-violent disobedience group shuttered the APM Terminals facility ...
OOCL announces eastbound transatlantic rate hike OOCL has unveiled plans to hike rates on the eastbound transatlantic trade, following the announcement in January of plans to increase rates in the westbound direction.The ...
Vitol storms US Gulf Vitol is getting ready to take a bigger bite out of the marine fuel market with the launch of a new operation that is targeting the US Gulf.
Cleartrade courts investors Cleartrade Exchange has invited outside investors to participate in a share offering aimed at raising the capital it needs to accelerate the pace of an international growth campaign.
Seadrill on the up Seadrill turned a profit in the fourth quarter but the results fell short of Wall Street forecasts.
Thanks, Partners Golar LNG Partners' fourth quarter report has revealed two developments which will aid its parent.
Latvian cuts losses Latvian Shipping Company (LSC) has reduced its annual loss as rates improved.
Trafigura eyes LNG Sale-and-purchase brokers were reeling Thursday following reports that Trafigura is on the lookout for LNG carriers.
Scorpio still hungry The latest batch of orders for six products carriers from Scorpio Tankers is unlikely to sate the company's appetite for expansion.
Merle still stuck A Turkish cargoship aground on a Portuguese beach for more than a month has not been abandoned by its owner.
Fiori in order tease D'Amico International Shipping will soon place its fourth newbuilding order since the summer of 2012, its CEO hints.
"No decision" on move No decision has been made as regards moving the management companies of John Fredriksen's shipping activities from Norway.
Courage in the red A fourth quarter and full year loss is reported by Hong Kong based bulk carrier owner Courage Marine.
Grimaldi steps in Italy's Grimaldi Group is backing a new share issue to boost ro-ro operation Finnlines.
DIS cracks red run D'Amico International Shipping has snapped a four-year losing streak to return to the black in the fourth quarter.
Antigone towed away A general cargoship caught up in a wages row has ended its 11-month stay in a French port.
Alaska reprieve for OSG OSG and BP have struck a deal which means its Alaska Tanker venture will not be scrapped just yet.
Rem banks $61m Norway's Rem Offshore has completed a bond issue worth NOK 350m ($61.26m) that it announced only yesterday.
Less tonic for JIN bosses Jinhui Shipping & Transportation returned to the black in the fourth quarter amid signs of austerity at the bulker owner.
Wilson back in the red A tough fourth quarter that accounted for most of the bottom line loss incurred through the year is reported by Bergen based Wilson ASA.
Hindu hitch for India? India is pressing ahead with controversial plans to build a deep water shipping lane to Sri Lanka straight through the Adam's Bridge coral chain, regarded as sacred by Hindus.
A first for Cargill Cargill has used a first electronic bill of lading (eB/L) for a dry bulk grain shipment in a move that is expected to see the commodity trading group expand its use to various agricultural trades around the Atlantic Basin.
Seacor slips into the red Lower than expected revenue and asset sales led Seacor to a loss in the fourth quarter.
Alberni up for sale Canada's Nanaimo Shipyard is looking to sell its Alberni Engineering unit as part of its efforts to avoid bankruptcy.
DOF turns it on Norwegian offshore group DOF has bounced back into profit as revenue rose in 2012.
Spot bothers Siem A weak spot market has dented fourth quarter returns at Siem Offshore.
JSA joins canal row The Japanese Shipowners' Association (JSA) has added its voice to protests over the planned Suez Canal toll hikes.
PB remains in red Losses on its ill-timed ro-ro investment continue to plague Pacific Basin Shipping's balance sheet.
DFDS declines Danish ro-ro group DFDS has posted a lower 2012 profit as its markets were hit by recessions in Europe.
Pac Basin's buying blitz Pacific Basin Shipping has been quietly blazing an acquisition trail over the past five months, the owner revealed this morning.
Nexus heads for exit Nexus Floating Production looks set to be liquidated after an FPSO newbuilding in South Korea was cancelled.
Korea's cash plea The Korea Chamber of Commerce & Industry (KCCI) has pleaded with the government to boost financial support for shipyards in the slump.
Collision kills crewman One man has been killed in a clash between two cargoships off China.
Ezion at it again Ezion Holdings good fortune seems to show no sign of stopping after the company picked up its second contract in as many weeks.
Profits build at PACD Pacific Drilling has seen profits increase by over 40% on a year ago as its drillship newbuildings enter operation.
Aegean profits halved Aegean Marine Petroleum has seen fourth quarter profits drop by almost 50% on a slight fall in revenues.
Scorpio set to order Scorpio Tankers is not waiting long to start using its new $300m of financial firepower.
Keppel wins jack-up deal Keppel has won an order for a jack-up drilling rig in a deal that takes its recent contract haul to almost $500m.
ILA, USMX allow more time to reach local agreements The extended deadline will coincide with the wage scale meetings planned by the union for the week of March 11 where union delegates will consider a tentative six-year master contract agreement reached by USMX and the ILA on Feb. 1.
XPO acquires Covered Logistics "Don't count on us doing one every two weeks," Chief Executive Officer Brad Jacobs told American Shipper in an interview. "We'll do at least three more acquisitions this year. We're looking at acquisitions of all different sizes."
Maersk drops U.S. West Coast Oceania string The carrier said it "remains committed to serving the trade. We will replace the 'PSW' service with use of our existing reliable Pacific network, connecting with Oceania through our transshipment hubs in Asia."
ATA says FMCSA costing industry $320 million According to the American Trucking Associations, it will cost $320 million to prepare the industry for the impending hours of service rule change, and if a current court challenge is upheld, that money will be spent in vain.
Revenue up, volume down at IAG Cargo
Full-steam ahead at Norbert Dentressangle
Sequester update: Impacts on CBP and DOT
First rock removal work on Mississippi River finished
Petrobras bunker department undergoes reshuffle Company announces a number of internal changes.
CIMC to adopt fast oil recovery system CIMC will equip six of its container ships with fast oil recovery systems.
Hong Kong considering lower voluntary sulphur limits Comments being sought on plans to tighten 'at berth' sulphur limit to 0.1%.
Chemoil's Helios sale boosts results Singapore-listed bunker company sees annual profits jump.
MGO prices unchanged for second day in Fujairah Tight avails reported in Fujairah.
Prices in Europe fall for third consecutive day Bunkering interrupted at Gibraltar.
Shipping fund denies breaking sanctions Ship-to-ship transfer claimed to be used as loading method.
Vitol-backed supplier enters US market Newly formed V-Marine Fuels to start operations in Houston, Texas City and Galveston.
Gibraltar: Bunkering interrupted Bad weather causes queues to lengthen at bunkering port.
Fuel oil stocks at 12-week high Arbitrage into East Asia expected to remain high.
Norwegian shipowner orders LNG-fuelled fish feed transporters The vessels will have an advanced LNG-gas-electric propulsion system which promises fuel savings.
Smaller stems allow ship operators to 'max out on cargo' Firmer freight rates could be boosting Panama's bunker sales.
Grindrod 2012 profits up 54% year-on-year Firm achieved a 35% increase in earnings for its marine fuels business.
Bunker prices in Asia soften Singapore's price of benchmark 380 cSt bunker fuel dropped $6 to average at $633 pmt.
Brightoil 'to restart' Houston operations Bunker player is looking to expand in 2013.
Crew arrested in Malaysia for allegedly smuggling bunkers Ship was stopped following report of theft of 70,000 mt of fuel.
Two more charged in Malta corruption case Former financial controller and ex-oil procurement committee member of Enemalta deny charges.
Seacor falls to loss in Q4 Firm's operating results for harbour towing and bunkering were $4 million higher in Q4 2012, it says.
Brightoil sinks into the red But company aims to expand into 'top tier bunker ports' in 2011.
Bourbon receives third fuel efficient vessel Its seven diesel-electric generators provide intelligent and improved energy management.
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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