Kombiverkehr shifts 927, 200 truck consignments to railway The German intermodal service provider Kombiverkehr noted a 4.7% decrease in the number of transported containers, swap bodies and trailers in 2012. The decline in international tr...
Globe Express Services (Overseas Group) appoints new CFO/ CIO The logistics provider Globe Express Services has appointed Steve Hankins as executive vice-president, chief financial officer and chief information officer. Hankins, who will...
Evergreen to improve connectivity in Eastern Med The Taiwanese shipping company Evergreen Line launched a new ten-day service linking Greece, Turkey and Malta (GTM) at the end of January. The GTM loop is operated by the 600 teu v...
Successful test of Vectron locomotive in Channel Tunnel Following the agreement to apply the European Technical Specifications for Interoperability to freight trains travelling through the Channel Tunnel, tests were recently carried out...
Bertschi continues to bank on international expansion Bertschi AG, a global chemical logistics service provider based in Dürrenäsch (Switzerland), was impacted by the 2012 recession in the Euro zone, and was forced to accept a decline...
France says no need to carry alcohol test kits in trucks Truck drivers in France are not obliged to carry a rapid alcohol test kit in their cab for the time being. According to media reports, the obligation to have such a kit on board wi...
Chapman Freeborn moves to new Copenhagen location The global charter broker Chapman Freeborn reported that its Scandinavia team has moved to new premises in Copenhagen. The company is targeting future growth following a successful...
Aeroflot postpones flights with new Boeing 777-300ER The Russian airline Aeroflot took delivery of a new Boeing 777-300ER on 30 January 2013, after completing all the necessary formalities. However, according to a statement issued by...
airBaltic cargo breaks monthly record The Latvian airline airBaltic achieved a new monthly cargo record by carrying 1,006,692 kg in December 2012, 14% more compared to the same month a year ago. As increasingly more cu...
Association of European Ports Community Systems with new figureheads Epsca, the European Ports Community Systems Association has appointed Alan Long, managing director of Felixstowe (UK)-based Maritime Cargo Processing (MCP), as its chairman. Piet t...
ITX Cargo cooperates with Yekas Logistics in Turkey The Milan (Italy)-based forwarder ITX Cargo has become the official partner of Yekas Logistics, headquartered in Istanbul (Turkey). The latter is one of Turkey's biggest freight fo...
Gefco Ukraine becomes John Deere's logistics partner John Deere, a land care and agricultural machinery producer, has mandated Gefco Ukraine to carry out express deliveries of building components from Germany to Ukraine. Gefco's cont...
Dahlman Rose sold to Cowen NASDAQ-listed Cowen Group has agreed to purchase Dahlman Rose, a boutique investment bank that has a significant presence in shipping capital markets
Bergen seeks buyer for stake in Rosenberg The Bergen Group says it is in the process of reviewing major structural changes in its offshore division
CMES buys up VLCCs SHANGHAI-listed CMES has announced its second VLCC order, awarding three 318,000dwt VLCCs to compatriot SWS with options for another two
Maersk targets harmful reefer containers Maersk Container Industry, which is part of the AP Moller-Maersk (APM) group, has called for tougher enforcement of European environmental legislation designed to force potentially harmful reefer containers out of the region
US port labour deal reached LABOUR and management have announced a provisional master contract for US East and Gulf Coast container ports, sharply reducing the threat of a crippling strike
Frontline 2012 books two more VLGCs FRONTLINE 2012 has booked another two very large gas carriers at Jiangnan Shipyard, taking its total VLGC orders to six, said brokers
JES secures $15M loan SINGAPORE-listed JES International has secured $15M loan from China Minsheng Banking
Youngest bulker, Taskent, scrapped A 10-YEAR-OLD Panamax bulk carrier has been sold for demolition, the youngest ever believed to be scapped
Chinese secondhand sales up 18.5% CHINESE secondhand vessel transactions increased 18.5% to RMB1.86Bn ($298.56M) in January from a month earlier
GAR, Stena Bulk collaborate STENA BULK and Golden Agri-Resouces (GAR), have set up a joint venture that will take over four product tanker newbuildings that Stena Bulk ordered last year and may order additional tonnage itself
HPH Trust retains 'buy' UOB Kay Hian said today it has maintained "buy" rating for Singapore-listed Hutchison Port Holdings despite the port operator's below-projection profits for last year
ICTSI wins Honduras terminal ICTSI of the Philippines said today it has won the bid to operate the specialised container and general cargo terminal of Puerto Cortes in Honduras
Jaya gets 'outperform' grade CIMB Securities initiated Jaya Holdings with an "outperform" rating today, amid higher utilisation and day rates at the yard
Oversupply fears grip demolitions CASH buyers have cautioned of further downward price pressures as more ships are offered for demolition amid fast-filling yards in South Asia and the impending Chinese New Year holiday
Shell to slow Australian LNG projects SHELL will slow down investments in Australian LNG liquefaction projects due to rising costs, dealing a blow to bullish expectations of LNG shipping
Divers check Emma Maersk stern thruster after engine room flood Divers have spotted the place where water flooded into the engine room of Emma Maersk, leaving one of the world's largest containerships adrift in the entrance ...
NAFTA gains
Duisburg box growth slows Duisburg, the largest inland port in Europe, increased its container traffic by 4% to 2.6 million teu in 2012 versus the previous year however it represented a ...
MSC buys stake in Long Beach terminal
Canal 'unaffected' by Egyptian riots With the Egyptian army installed at Port Said terminal buildings to ring-fence the crucial Suez Canal waterway against a backcloth of continued social unrest in ...
USEC: 'tentative agreement' reached Retailers and manufacturers using US container ports from Boston to Houston can breathe a sigh of relief after it was announced at the weekend that a 'tentative ...
Eirik Raude in the money Ocean Rig appears to have started the month on a high note after landing an offshore drilling contract and a $1.35bn loan.
Billion-dollar baby George Economou's Ocean Rig is closing in on a $1.35bn loan it needs to partially finance three drillships on order at Samsung Heavy Industries in South Korea.
Genmar ties up two General Maritime Corp (Genmar) appears to have secured employment for a pair of tankers trading in the spot market.
Heidmar adds three A leading German shipowner has enrolled three of its newbuildings in Heidmar's aframax and long-range two (LR2) tanker pool.
Varun Shipping turns red Costs outstrip revenues at Indian tanker, LPG carrier and offshore vessel owner.
Jes gets cash relief Chinese shipbuilder JES International Holdings has gained access to much needed cash after inking an agreement with a local government-backed bank.
DR in Cowen's crosshairs One of the most recognizable names in investment banking has emerged as the target of a takeover led by a firm that is looking to break into the natural resources arena.
RCL feels pain in Spain Royal Caribbean Cruises has suffered a massive one-off impairment charge related to its Spanish wing.
Precious hurt by costs Thai bulker owner Precious Shipping has posted a big drop in 2012 profit despite revenue rising.
Rem back at Kleven Rem Offshore has returned to Kleven Verft for another subsea construction vessel.
ITC's Progress halted BP is cancelling a charter for a John Fredriksen-owned VLCC.
Kepco awards cape deals Four Korean owners have grabbed their share of domestic power group Kepco's tender for nine capesize newbuildings.
Atlantic inks ERRV deals Atlantic Offshore has added to its backlog of emergency response and rescue contracts in the North Sea.
Stolberg charged with fraud The first charges against former Beluga boss Niels Stolberg have been filed by German prosecutors.
Canada gives up The derelict former Russian cruiseship Lyubov Orlova will be allowed to drift indefinitely in the Atlantic after a second towing attempt failed.
A2Sea sale "likely" The offshore wind-farm fleet of Denmark's A2Sea may be up for grabs.
Triyards wins thumbs up OCBC Investment Research has kicked off coverage of Ezra Holdings spin-off Triyards with a buy rating.
IHI to pocket more IHI Corp has raised its full-year earnings forecast after booking a one-off gain thanks to its shipyard merger.
Japan okays armed guards Japan is to allow armed overseas security guards on its vessels for the first time.
ICTSI inks port deal International Container Terminal Services Inc (ICTSI) of the Philippines has clinched a deal to develop and operate a container and cargo terminal in Honduras.
BWO in fresh Papa blow BW Offshore has suffered a further setback with a delayed floating production storage and offloading (FPSO) unit that has already cost the company millions.
Tanker taken off Africa? France's SEA-tankers has confirmed one of its vessels is missing off the coast of West Africa.
Giant order, small ships Further details have emerged of Indonesia's potentially huge order of new ships in China.
Solvtrans fixes finance Norwegian owner Solvtrans has fixed up financing for its new wellboat.
Bergen eyes sale Norwegian shipbuilder Bergen Group is in talks to sell part or all of its offshore division Rosenberg.
MOL to cull 70 ships Mitsui OSK Lines (MOL) wants to cull 70 ships from its fleet in a little over a year as it looks to return to profit.
MOL clear out continues Mitsui OSK Lines (MOL) has reportedly sold a VLCC in what is the latest asset to be put on the sale block as it looks to cut costs.
CMES signs for VLCCs China Merchants Energy Shipping (CMES) has signed firm contracts for up to five VLCCs, the company has confirmed.
Maersk in Suez scare A Maersk Line containership suffered a power failure whilst transiting the Suez Canal, the Danish shipowner has confirmed.
Stena teams with GAR Stena Bulk has teamed up with the world's second largest palm oil producer to form a second tanker joint venture.
Suez Canal increasing tolls May 1 Increases amount to 5 percent on tankers and 2 percent for containerships and car carriers, and 3 percent for other types of ships. Tolls vary based on type of vessel transiting, how large it is, and whether it's laden.
Emma Maersk disabled, engine room flooded Maersk spokesman Michael Storgaard said divers examined the ship on Sunday while discharging containers at the Suez Canal Container Terminal and found the flooding was caused by damage to one of the stern thrusters.
ICTSI wins Honduras terminal bid The 30-year deal will see ICTSI build and operate a 1.8-million-TEU container terminal in the Central American country, with 1,100 meters of berth for container operations and 400 meters for general cargo.
MSC, Zim to start intra-Europe service
West Sacramento port looks for operator
N.C. ports names Miles acting executive director
Maersk slows FM3 again
Japan considers armed guards to fight piracy Under the bill, drafted by the nation's Land, Infrastructure, Transport and Tourism Ministry, armed guards on board Japanese-flagged vessels would be permitted to fire warning shots to deter pirates.
DSV starts express service
ILA strike averted; bargaining now focused on local issues George H. Cohen, director of the U.S. Federal Mediation and Conciliation Service, said "local negotiations are ongoing and will continue without interruption to any port operation."
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