Qatar Cargo replacing A300-600 freighters Scheduled for today (1 March), Qatar Airways is launching operations with its first of three A330-300X freighters. The new mid-size long-haul cargo aircraft will gradually replace ...
Cargolux to add Port Harcourt to African network The Luxembourg-based cargo-only airline Cargolux is adding the new destination Port Harcourt (Nigeria) to its African network. The inaugural service will be operated by the carrier...
New roadside facilities for truck drivers in South Australia Truck drivers in South Australia will benefit from more and better roadside facilities, after the Federal and South Australian governments each agreed to provide around AUD 4 milli...
Safmarine MPV appoints Socopao as liner agent in South Africa Safmarine MPV has appointed Socopao as its full liner agent in South Africa, effective from April 2013. Deploying a dedicated fleet of multipurpose vessels, Safmarine MPV connects ...
Mitsubishi Fuso Truck and Bus Corp planning 40 market launches in 2013 The Asian commercial vehicle producer Mitsubishi Fuso Truck and Bus Corporation (MFTBC), headquartered in Kawasaki (Japan), grew global sales by 18% to a total of 174,600 sold unit...
Titagarh FreightCar enterprise to be wound up Titagarh Wagons Ltd (TWL) and FreightCar America Inc (FCA) have agreed to wind up and dissolve their Indian joint venture company Titagarh FreightCar Private Ltd. The latter was in...
Intercontinental change at the head of UPS International Jim Barber will be president of UPS International from May 2013 on. His predecessor Dan Brutto, in charge of UPS's international strategy over the past six years, will retire by th...
Railway freight charges to increase in India India is set to increase railfreight rates by 5%-6% from 1 April, due to higher fuel prices. The increased tariffs will also help raise funds for modernizing the country's rail net...
Agility Europe appoints Pietro Albarelli as managing director area south Logistics service provider Agility has named Pietro Albarelli managing director of the area South Europe. In his new role, Albarelli will be in charge of a region that covers Italy...
Swissport selects new CEO for Argentina Swissport International, a global aviation services group, has appointed Marcela Gaboda as the new CEO Swissport Argentina. She assumes her duties today (1 March). Gaboda started h...
Gefco Germany gets new HR management Francisco Rodrigues has become HR manager of the German affiliate of Gefco. Rodrigues has served the company since 2005 and was once in charge of the Gefco affiliate in Portugal. P...
IAG Cargo posts Q4 and full year results for 2012 IAG Cargo announced that its commercial revenue for full year 2012 came to EUR 1.217 billion, 2.3% more than in 2011. The volume of freight in 2012 reached 6.080 billion cargo tonn...
Norbert Dentressangle reports good figures for 2012 The French transport and logistics service provider Norbert Dentressangle (ND) recently announced its figures for financial year 2012. The company grew its 2012 turnover to EUR 3.8...
Asstra boosts turnover in 2012 In 2012, Assttra achieved an overall turnover of EUR 200 million for the first time in company history. The result equates to a 12.5% increase compared to 2011. The largest growth ...
Panalpina - first in industry to be globally certified to OHSAS 18001 Health and Safety standard Experts from the Swiss inspection and certification company SGS have audited the forwarding and logistics services provider Panalpina across the globe. After completing a thorough ...
Pirates face life sentences FIVE SOMALIS convicted in the US of piracy and other offenses will face life in prison when sentenced in July
Indian coal imports likely to resume COAL IMPORTS to India are likely to resume shortly after Indian Finance Minister Palaniappan Chidambaram clarified the issue of mis-classification of different kind of coals
Jiangnan Heavy Industry to transfer shares to CSSC CHINA'S state-owned Assets Supervision and Administration Commission has given permission for Jiangnan Shipyard to transfer shares in Jiangnan Heavy Industry to China State Shipbuilding Corporation (CSSC) for no charge, it was announced yesterday
AMPN dumps Panama tank venture NYSE-listed Aegean Marine Petroleum Network has confirmed that it will exit the Panama storage-tank business, although its bunkering operations there are increasing
OOCL implements new rate hikes OOCL HAS announced a series of rate hikes to implement a new phase of revenue recovery programme with effect from April 1, 2013
Jinhui Shipping is back to black HONG KONG-based Jinhui Shipping returned to the black in the fourth quarter of 2012 from a year ago, with $6
SMM upgraded to 'buy' CIMB HAS upgraded Sembcorp Marine from "neutral" to "buy" after clinching a deal from a non-Petrobras client
CPP slashes OSG rates NASDAQ-listed Capital Product Partners has agreed to halve rates paid by bankrupt OSG rather than lose the charters altogether
Antwerp to prepare ports for LNG THE PORT of Antwerp said today that it had taken on the chairmanship of a new international port grouping set up to prepare ports for the arrival of LNG-powered vessels from 2015 onwards
Seadrill remains bullish SEADRILL remains bullish today about offshore's outlook, but noted that its deepwater drilling unit slipped to unsatisfactory end-of-year results
Chemoil triples profits SINGAPORE-listed bunker supplier Chemoil Energy reported profits of $153M for FY12, up 233% from 2011 profits of $46M
Courage trims losses SINGAPORE-listed Courage Marine said today it trimmed full-year losses to $11M in 2012, from $30M lost in 2011
Finnlines to issue shares GRIMALDI'S Baltic subsidiary Finnlines said today it plans to issue 4.6M new shares to existing holders, equivalent to 10% of its capital
Ezion weighs share offering with $76M target SINGAPORE-listed Ezion Holdings said today it would expect to raise about S$94M ($76M) from a proposed issuance of 50M new shares
Fuel oil arbitrage hauls to Singapore increasing THREE VLCCs are hauling fuel oil from Rotterdam to Singapore, in arbitrage trips from Europe to the Far East
Melbourne, Australia, Port Project Gets Green Light The Port of Melbourne's $1.6 billion port capacity project has been given the green light, following a decision by Matthew Guy, planning minister, to provide the planning approval for works to commence at the Australian city's Webb Dock. "This decision means that the works at Webb Dock can now proceed, enabling...
Konecranes Lands Equipment Order for Indonesian Terminal 3-D image of Konecranes' container yard.Konecranes today signed an agreement to deliver container-handling equipment to PT Pelabuhan Indonesia III, an Indonesian state-owned terminal operator. The order comprises 10 ship-to-shore cranes, 20 automated stacking cranes and five straddle carriers. Delivery is scheduled for 2014 and 2016. The value of the order was...
U.S. Lines to Add Another Rate Hike From Canada U.S. Lines will implement a general rate increase for dry container cargo from Canada to North Asia and Southeast Asia, effective April 1. The increase on the ocean carrier's Columbus service will be in the amount of US$160 per 20-foot container and US$200 per 40-foot standard and high-cube and 45-foot container. The...
US Steel Imports Rose 4.6 Percent in January U.S. steel imports in January totaled 2.58 million tons, rising 4.6 percent from 2.47 million tons in December 2012, according to the American Institute for International Steel. "Import levels improved in January in a normal seasonal rebound from the end of the year declines, as many consumers and distributors delay purchases...
Lufthansa Cargo to Launch Services to Guadalajara Lufthansa Cargo will launch new MD-11 freighter services to Guadalajara, Mexico, starting March 2. The cargo airline will then be connecting the metropolis in the Mexican highlands with the Frankfurt, Germany hub. The twice-weekly flights from Frankfurt will be routed via Chicago and Mexico City and will be operated on Wednesdays...
NITL: Switching Plan Benefits Shippers, Doesn't Harm Class I Railroads The National Industrial Transportation League today provided the U.S. Surface Transportation Board with a study of NITL's July 2011 proposed new rule to govern competitive switching between railroads. NITL said the study shows that its proposal would add reasonable competition into the freight rail market for the benefit of shippers, without...
Hactl Moves Largest Horse Shipment in Its History Hactl ships 69 show-jumpers from Belgium to Hong Kong.Hong Kong Air Cargo Terminals has handled the largest horse shipment on a single flight in its history. The shipment of 63 show-jumpers were flown in from Liege, Belgium, as arranged by Lufthansa Cargo on a B747 chartered freighter, to take part in...
US Commerce Department Finds Most Chinese Plywood Imports Subsidized The U.S. Department of Commerce has announced its preliminary affirmative countervailing duty determination in the investigation of imports of hardwood and decorative plywood from China. As a result of the affirmative determination, the majority of imports of plywood from China will be subject to a cash deposit requirement for estimated countervailing...
Hapag-Lloyd to Hike Japan Rates Hapag-Lloyd has announced several rate increases that will take effect on April 1. The ocean carrier will increase rates for all cargoes and container types on its trade from Japan to the Red Sea and Persian Gulf by $500 per 20-foot-equivalent unit. From Japan to East Asia, and vice versa, rates will...
SCFI Rates Continue to Decline The Shanghai Containerized Freight Index continued to fall this week across many trade lines with European lanes seeing the largest drops, according to data issued by the Shanghai Shipping Exchange. Shanghai Containerized Freight IndexCompositeSource: Shanghai Shipping Exchange For a larger version of the chart, click on the image. During the week ending Mar....
OOCL Belgium Stuck in Ice in Eastern Canada OOCL Belgium, a 225 meter (about 738 foot) container ship, has gotten stuck in heavy ice on the Strait of Belle Isle in eastern Canada on its way from Montreal to England, CBC News reports. The ship called the Canadian Coast Guard for assistance yesterday, and icebreaker CCGS Henry Larsen is...
Hapag-Lloyd to Boost Latin America-North America Rates Hapag-Lloyd will increase rates for all cargo in its trade from intra-Latin America and Latin America to North America, effective April 1. From the Port of Vitoria, Brazil, to the U.S., Canada and Dominican Republic, the hike will be $200 per 20-foot and 40-foot container. From Mexico to Brazil, Argentina, Uruguay, Paraguay,...
CargoWise Partners With Asvinta in Sri Lanka Logistics technology company CargoWise has entered into a distribution partnership with Asvinta Solutions to enhance delivery of CargoWise's ediEnterprise service in Sri Lanka. Asvinta specializes in delivering information technology solutions to the logistics and freight forwarding sector in the Asian region....
Standard & Poor's Raises CMA CGM Credit Rating Standard & Poor's raised CMA CGM's long-term corporate credit rating, citing the French ocean carrier's improved liquidity following its recent financial restructuring and equity deal. But CMA CGM still remains on CreditWatch "with positive implications," the U.S. ratings agency said as it raised the Marseilles-based carrier's rating to "B-minus" from "CCC-plus." Standard...
Special Delivery: FedEx to Ship Pandas to Canada Er Shun is one of two giant pandas that will head from China to Canada.This spring, FedEx Express will ship two giant pandas from Chengdu, China, to their new home in Toronto. FedEx Express will ship Er Shun, a 5-year-old female panda, and Da Mao, a 4-year-old male panda, via a...
Geodis Wilson on the case for Delsey Geodis Wilson has signed a two-year contract to manage the global logistics operations for international luggage manufacturer Delsey. The contract involves management ...
DFDS 'caught in a headwind' DFDS is a robust business that got caught in a headwind, according to CEO Niels Smedegaard. He was speaking as the Danish ferry and logistics operator announced ...
London Gateway's first cranes arrive The DP World $1.5bn London Gateway received its first behemoth gantry cranes this morning, thus enhancing the visual appeal of the River Thames boxport to potential ...
US east coast local talks extended The deadline for finalising local issues on the new US east coast dockworker master contract has been extend by one week until March 8, by mutual agreement of the ...
Asia - Europe spot rates in freefall Ocean carriers plying the over capacity-plagued Asia to Europe trade lane will need to react quickly to the latest spot rate data after indexes tumbled by a further ...
CMA CGM gets credit boost from S&P Marseilles-headquartered CMA CGM has had its credit rating raised by Standard & Poor's to reflect its improved liquidity since the closing of the French ...
OSG dumps Diamond S Bankrupt Overseas Shipholding Group is handing back seven medium-range products carriers it has been operating on charters from Wilbur Ross-backed Diamond S Shipping after failing to agree on reduced pricing terms.
Safe stacks the shelf Safe Bulkers of Greece has set the stage for a share offering after filing a shelf registration with the US Securities and Exchange Commission.
Admanthos sheds MR trio Admanthos Shipping Agency of the US appears to have sold all three of its medium-range products tankers en bloc.
ADM comes clean Archer Daniels Midland (ADM) has emerged as a victim of Iran's efforts to evade US sanctions.
Yard tender imminent Croatia is planning to ask yards to bid for five patrol ship newbuildings for the coast guard.
Veolia in big scrap move The big French group Veolia Environment is planning a huge $160m industrialised ship demolition facility in southern China.
Berge Bulk buys cape Berge Bulk has bought a third capesize bulker from K Line in under a year, brokers say.
Krasnoye adds 10 Russia's Krasnoye Sormovo shipyard has bagged a deal to build 10 barges.
Glencore back for more Glencore has stepped back into the panamax period market today to add another Greek-owned vessel to its roster.
MR window to close Prospective buyers of MR tanker newbuildings may want to get contracts signed soon if they are not to miss their window, a leading shipbroker suggests.
Titan rescue thwarted The restructuring of troubled Hong Kong tanker group Titan Petrochemicals has been blocked by shareholders.
L&S duo depart TradeWinds digests the digits making the headlines this week.
Golden oldies We take a look at what was said in the market over the past week.
Limarko chops loss Lithuanian reefer owner Limarko has reduced its net loss in 2012 as the second six months saw an improvement in rates.
Crewman severs finger A Burmese seafarer has been evacuated from an STX Pan Ocean bulker after losing his finger in an accident.
Pac Basin plots extra buys Cash-rich Pacific Basin Shipping is targeting second hand vessels despite the huge fuel saving incentives shipyards are advertising for eco newbuildings.
Davie on the way back The reborn Davie shipyard in Canada is hiring workers again as it pursues a new ferry order.
Shin Yang slips Malaysian liner and shipyard group Shin Yang Shipping has fallen to a loss in the first six months as costs grew.
Better by half Estonian ro-ro group Tallink has recorded a big increase in annual earnings as revenue improved.
EU wants cash back Greece's Skaramangas shipyard will have to pay back EUR 310m ($406m) in state aid granted since 1992.
Dragnis plays short game Greek owner Goldenport is focusing on shorter-term charters until rates strengthen.
KHI plans LNG power Japan's Kawasaki Heavy Industries (KHI) is aiming for an edge over competitors with the production of LNG-powered vessels in 2015.
OOCL Belgium ice-bound An OOCL containership has reportedly become trapped by ice off the coast of Newfoundland in Canada.
Perisai back at PPL SembCorp Marine has won a repeat order for a jack-up drilling rig from Malaysian oil and gas player Perisai.
Capital agrees OSG cuts Capital Product Partners LP has agreed to rate reductions on three product tankers fixed to bankrupt tanker owner OSG.
Awilco may need loan Awilco LNG may need a bridging loan to cover a shortfall in funding caused by the off-hire of two of its older LNG carriers.
Bumi confirms four Bumi Armada has put pen to paper on a series of four multi-purpose PSVs at compatriot shipbuilder Nam Cheong Dockyard.
Trygve lines up IPO Norwegian shipping mogul Trygve Seglem has emerged as one of the architects of an initial public offering (IPO) that is taking shape in Manhattan.
NEWSFLASH: NIT League says rail reform could save shippers $900 million The National Industrial Transportation League said Friday it estimates shippers could save more than $900 million if the U.S. Surface Transportation Board would increase competition by giving shippers greater ability to have freight switched between railroads.
ILWU claims grain company 'fabricated' sabotage story UGC continued to unload a barge and load a ship with non-union employees on Thursday, despite its ILWU lockout. The facility normally employs between eight and 22 ILWU workers on each of its two shifts.
S&P raises rating on CMA CGM
Analyst: Con-way might be better apart
U.S. Customs explains how budget cuts will slow cargo The $754 million hit that U.S. Customs will take to its budget through Oct. 1 under the automatic federal budget cuts that kick in today will significantly decrease the efficiency of port operations, agency officials warn.
Drewry says shippers in for 'choppy ride' in 2013 "We expect freight rate volatility to continue as carriers grapple with increasing overcapacity and resort to their preferred short-term measures of sailing suspensions and frequent GRIs," the London-based firm said.
U.S. steel imports up 4.6% in January
Canadian truckers sweat U.S. sequestration's impact The Canadian Trucking Alliance is worried about what effects the automatic spending cuts will have on U.S. Customs staffing at the shared border between the two nations, since two thirds of trucked Canadian goods go to the United States.
AEI to convert regional jets for cargo
Shipowners ask Suez Canal to rescind May 1 toll hike
'K' Line offers mobile container tracking
CargoWise partners with Sri Lankan distributor
Sen. Casey introduces inland waterways bill
GAO: Defense needs more visible supply chain
Spot rates fall on major East-West routes
Sunland buys South Carolina warehouse
Analyst says Saia going strong, but has room to improve
Weekly global bunker market update A weekly price round up of bunkering hubs from around the globe.
Bunker prices in the Americas end week lower Demand was slow to average on the US Gulf, according to local players.
LNG bunkering touted for Baton Rouge US firm wants to have LNG facility operational within the next 18 months.
Petrobras appoints new bunker trader Livia Brasil will be in charge of of all bunker inquiries related to the port of Bahia Blanca.
MAN Diesel & Turbo locks in dual-fuel engine orders Engines expected to be significantly more fuel-efficient and have lower emission levels than other engines being used in LNG shipping.
Alaskan firm hired to develop marine oil spill response 'We are taking an important first step in the creation of a world-leading marine spill plan for BC while respecting federal authority over marine-based protection and response.'
Week of falling prices weakens demand in Fujairah Prices mixed in South African ports.
Prices show double digit drop in northwest Europe Softer crude values cut off buyers.
US exports of low sulphur fuel oil 'beginning to slow' Ability of the US to feed European low sulphur fuel oil demand coming under pressure in 2013.
Data suggests Hong Kong would struggle with lower sulphur limit Only tiny share of MGO test results from the port are below 0.10% sulphur, and regional MGO sulphur averages are high.
Bunker sales data to form part of updated IMO GHG study Expert group agrees two-pronged approach as both ship activity and marine fuel sales data estimates are problematic.
Oil major strengthens its presence in Romanian market Gazprom Neft takes over Romanian supplier's bunker operations in Constantza.
No link with Iran, states fund Shipping fund has oil and gas majors onboard.
Slow-steaming will make recovery more protracted Average vessel speeds continue to fall but observers say trend will be reversed when rates improve.
Bunker prices in Hong Kong, Tokyo end week lower But 380 cSt product rose in Singapore.
Vopak profit 18% lower in 2012 Revenues in 2012 were $1.7 billion, 12% higher than figures in 2011, it said.
Container ship sold to Indian breaker, with bunkers Sale included 250 mt of bunker fuel, worth approximately $159,000 on the Singapore market.
Tanker owner orders up more fuel-efficient tonnage More newbuild options in the pipeline.
Japan bonded bunker sales up on year in January Bonded bunker fuel sales in January 2013 stood at 311,650 mt, 1.1% up year-on-year.
US-listed terminal firm doubles quarterly profit Acquisition of Talen's Marine & Fuel, L.L.C. boosted its position in the marine fuel and lubricant business.
Profits down for Singapore-listed bunker tanker builder Earnings affected by lower margins, higher expenses and increased taxes, says ES Group.
LNG bunkering 'feasible' at Australian ports Bunkering possible by 2016.
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