IDS Logistik introduces new clearing and transport optimisation system The general cargo alliance IDS Logistik has introduced an innovative clearing and transport optimisation system for euro pallets and lattice boxes. Every time a general cargo shipm...
Geodis Wilson to manage Delsey's global logistics operations Geodis Wilson, Geodis' freight management division, is signing a two year contract to manage global logistics operations for the international luggage manufacturer, Delsey. Geodis ...
EU grants to help transform rail freight transport The European Union is to co-finance four projects aimed at preparing the implementation of four railfreight corridors across Europe with EUR 5.7 million from the TEN-T programme. E...
Iata sees signs of stabilization as air cargo grows in January The International Air Transport Association (Iata) released global air freight demand statistics for January 2013 showing a stabilization of air freight markets on the back of enco...
Fairer deal for UK hauliers in HGV road user levy act The UK's HGV road user levy act has now become law, thereby paving the way for a fairer deal for the country's hauliers. The new charge is supported by UK businesses and will be in...
Thomas Miller names new CEO for Asia Pacific region Andrew Jones has been appointed CEO of Thomas Miller (Asia Pacific) Ltd with effect from April 2013. He will be responsible for providing services to all Thomas Miller's managed Cl...
US Airways applies for service between its US east coast hubs and Sao Paulo Last Monday (4 March), US Airways filed an application with the US Department of Transportation for the rights to operate a daily, year-round service between the airline's hubs in ...
Boeing and Cathay Pacific announce order for three B747-8Fs Boeing and Cathay Pacific Airways (CP) have announced an order for three B747-8 freighter airplanes. The order, valued at approximately USD 1 billion at list prices, also includes ...
Rail sector publishes high level vision of rail transport in 2050 The railway is vital to the well-being of Europe's society and the strength of its economy. To maintain and develop this role in the future, the sector needs to meet enormous chall...
Change of guard at Bimco The Baltic and International Maritime Council (Bimco), a large international shipping association representing shipowners, has announced that its new secretary general/CEO and succ...
Port of Antwerp cooperates with Rosmorport The port of Antwerp (Belgium) wants to collaborate closely over the next five years with Rosmorport, the state-owned company that protects the interests of all Russian seaports. Po...
Alphaliner expects new container tonnage peak in 2013 A recent report published by analyst Alphaliner suggests a capacity record of containerships to be delivered in 2013. This is despite the measures being taken by owners to defer th...
DSV Solutions names new regional director Harald Schefft, the managing director of DSV Solutions in Germany, became a member of the management group of DSV Solutions A/S on 1 March. As a regional director, he will be respo...
DHL strong in 2012 Deutsche Post DHL reported that group revenues rose by 5.1% to EUR 55.5 billion in 2012. The service provider generated around 70% of its revenues outside Germany. The group posted...
Kuehne+Nagel: more volume, less profit In 2012, the Kuehne + Nagel Group reported higher volumes in all business units. Seafreight grew by 8.8% in terms of turnover and by 6.1% in teu transported, but earnings before in...
Delos says Omega sale is final Ladin bemused by Chapter 11 firm's bid to reopen auction
Seaspan reports solid earnings World's leading boxship lessor secures Chinese bank loan to refinance its fleet
Grand China keeps up with Iron Pasha payments 'with delays' White Rosebay Shipping to bring amicus brief in Blue Whale appeal
Samsung Heavy Industries cancels $24bn LNG vessels Deal for floating liquefaction units is scrapped after problems with 'European owner'
OOCL says partnership brings more benefits than merger Box line would like to see greater co-operation and deployment of shared capacity among alliance members
Panalpina hit by soaring costs Ocean freight is bright spot in gloomy trading environment
Lauritzen Tankers joins Diamond S in OSG charter rejections Bankrupt tanker company allowed extension to August 2 to table reorganisation plan
Venezuela's future rests on oil prices, not politics Maritime growth demands port investment, says Gray Page
Pimp my ship Performance enhancement is more than a fad - and smart shipowners know it
Shrewd asset plays The question exercising owners is whether now is the time to re-order or rebuild
Blast on chemical tanker leaves crew member missing Nordic Tankers reports cargo tanks intact on 11,260 dwt Harbour Krystal
New West Africa attack points to pirates' growing use of motherships Master and chief engineer of Armada Tuah 22 reported kidnapped after hijacking
Kassiotis companies move to scupper Delos sale Long-running Chapter 11 case enters new phase of uncertainty
OOCL more than doubles its annual profit Liftings and revenue are both up, but fuel costs are kept flat
Teichert backs Lloyd Fonds extraordinary meeting decision Leading KG house hits 'rough water', says managing director
James Fisher buys diving equipment supplier Marine services player targets fast-growing niche markets
Norden looks afresh for dry bulk newbuildings Signs of recovery prompt Danish owner to hunt eco-ships
Pearl GTL expansion will open new cargo opportunities Shell's desert plant will boost Qatar's diesel exports
'Near-sourcing' is the new Pacific trades buzzword Chinese labour costs push production to more competitive locations
Oil demand buoys Bourbon results French shipowner reports near 90% increase in annual profits
Bourbon plans $2.5Bn in fleet leasebacks BOURBON today unveiled a $2.5Bn leaseback plan calling for the sale of up to 85 owned supply ships, which it would then use on 10-year bareboat charters
About that suitcase crammed with cash... BOURBON today broke its silence over the arrest of its tax manager at Marseilles airport in December 2012 with $250,000 in cash hidden in his suitcase
How Seaspan, Carlyle will split newbuildings NYSE-listed Seaspan has outlined how its newbuildings will be split with Grand China Intermodal, its joint venture with private-equity giant Carlyle
Tallink profits rise 49% TALLINK, the Estonian ferry group, has reported net profits of €56.3M ($73.4M) for 2012, a year on year increase of 49%
Latvian pares losses LATVIAN Shipping said losses for 2012 were down by 26% from those of FY11
Beijing urged to raise tanker market share BEIJING should mandate that 70-80% of its crude imports be transported by Chinese tankers, China Shipping's chairman Shaode Li said
Lanka port profits spike PROFITS rocketed 600% for the Sri Lanka Ports Authority in full-year 2012
POSH Terasea formed EZION Holdings has entered into a joint venture with PACC Offshore Services Holdings to operate ocean towing vessels
Cruise cancelled after fjord grounding NORWAY'S Hurtigruten said today it is cancelling a planned cruise and flying home passengers after a casualty
Itochu, Vitol discuss Gulf Coast LPG terminal ITOCHU and energy trader Vitol are discussing a plan to develop of an LPG export terminal on the US Gulf Coast
US ECA crackdown begins MARKING a potential turning point, a vessel has been detained for violating the US Emission Control Area, government records confirm
Drybulk congestion at 2013 high on bad weather AUSTRALIAN storms have increased congestion at drybulk ports to the highest levels of this year
OOIL's profits rise 62.6% OOIL said today its net profits grew 62.6% year on year in 2012, to $296M
Panalpina slides to losses GLOBAL freight forwarding and logistics group Panalpina had losses of 70.2M Swiss francs ($74.6M) last year, despite positive developments in ocean freight
LNG uncertainty to linger LNG SHIPPING has more shipping capacity arriving in 2H13, but a partial revival of nuclear power in Japan and little new liquefaction capacity is likely to maintain the sector's current uncertainties, IHS CERA has predicted
Seaspan Ends 2012 in the Black After Big 4Q Profit Growth Seaspan reported profit in the fourth quarter of 2012 was $58.98 million, rising $34.47 million, or 150.8 percent, from $23.52 million in the fourth quarter of 2011. For the full year of 2012, profit was $121.3 million, jumping $204.71 million, or 245.4 percent, from a net loss of $83.40 million in...
PTA Holdings Truck Repair Facility Opens in Iowa PTA Holdings, through its subsidiary Nortford, today announced that operations at its equipment service facility in Fredericksburg, Iowa, have begun. The facility, which operates under the name "Hwy 18 Truck Repair," consists of service bays, office, retail and parking space for semi-trailers. It is now providing the company repair and reconditioning...
From TPM: Global Diets to Fuel US Reefer Growth LONG BEACH, Calif. - The volatile U.S. refrigerated freight trade will make a comeback in 2013 after declining in 2012, "a modest comeback but still a comeback," Journal of Commerce Economist Mario O. Moreno told the 13th annual TPM Conference. Refrigerated U.S. imports will grow 5 percent in 2013 and...
BNSF to Test LNG Locomotives in Pilot Program BNSF Railway will begin testing a small number of locomotives using liquefied natural gas as an alternative fuel later this year, said Matthew K. Rose, BNSF chairman and CEO, at the CERAWeek conference today. "While there are daunting technical and regulatory challenges still to be faced, this pilot project is an...
US Rep. Sires Introduces MOVE Freight Act U.S. Rep. Albio Sires, D-N.J., has introduced the Multimodal Opportunities via Enhanced Freight Act of 2013, also known as the MOVE Freight Act, which is designed to ensure all transportation modes and system connections necessary to moving freight receive proper attention in freight planning. The bill, H.R. 974, which expands upon...
Drewry Trans-Pacific Benchmark Rate Weakens Trans-Pacific eastbound spot container rates fell 5.7 percent in the week ending March 6, the second consecutive week of significant declines. Spot eastbound trans-Pacific rates from Hong Kong to Los Angeles dropped to $2,296 per 40-foot container, down $140 from last week, according to the Wednesday release of the Drewry...
Panama Canal Completes Culebra Cut Dredging in Expansion Panama Canal reaches another milestone in its expansion project.The Panama Canal Authority has completed the dredging to deepen and widen the navigational channels along Culebra Cut as part of its expansion program. A total of 3.2 million cubic meters were removed during the deepening of Culebra Cut, which is the narrowest...
From TPM: Intermodal 'Matchmaking' Draws Interest LONG BEACH, Calif. - Increased matching of inbound containers with export shipments and more use of ISO containers domestically could cut in half the amount the industry spends on empty truck and rail moves, a NYK Line executive said Tuesday. Shippers, carriers and logistics providers spend roughly $660 million annually to...
From TPM: In Reefer Trade, Carriers, Shippers Face Cold Facts LONG BEACH, Calif. - Maersk Line is having mixed results in its attempt to raise reefer container rates by $1,500, with actual price gains varying by commodity and lane, according to at least one ocean shipping analyst. But there is little doubt about the overall direction of refrigerated freight pricing. "In...
Quintiq Names Rhodes VP, General Counsel, Secretary Quintiq has appointed Kim Rhodes as its vice president, general counsel and secretary. In her role with the supply chain software company, Rhodes is responsible for all legal affairs for Quintiq globally. She will be based out of the company's headquarters in Radnor, Pa. Rhodes previously served as senior vice president of...
OOCL's Profit Soars Despite 'Challenging' Year OOCL reported profit in 2012 was $297 million, jumping 63 percent from $182 million in 2011. Yearly revenue was $6.5 billion, up 7 percent from $6.0 billion in the previous year. Revenue per TEU rose 2.9 percent to $1,131. The container line's liifting increased 3.7 percent to 5.2 million 20-foot-equivalent units. Operating...
Aviation Drives John Menzies Profit John Menzies, the U.K. aviation services and distribution company, posted a 4 percent increase in profit in 2012 as a strong performance by its cargo handling unit outweighed restructuring costs. Underlying pretax profit grew to '58.4 million ($87.3 million) from '56.4 million ($84.6 million) in 2011 as revenue shrank by £17...
US Intermodal Rates Show Mixed Shifts for Week U.S. intermodal rates showed ups and downs across the four lanes during the week of March 4, according to weekly data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the 3PL IDS. East-west lanes and west-east lanes had rate increases, while rates on north-south and south-north...
3Gtms Merges With Transite Technology Mitch Weseley, 3Gtms's CEO.3Gtms, a developer of transportation software products, has merged with Transite Technology, a developer of transportation management systems. Retaining the 3Gtms name, the unified company will operate under the direction of Mitch Weseley, 3Gtms CEO. The merged company will expand on Transite's existing software solutions, focusing on mid-market shippers,...
Panalpina Reports Red Ink for 2012 Panalpina plunged to a loss of 70.2 million Swiss francs ($74.4 million) in 2012 from a 127.4 million franc ($135 million) profit in 2011 as the global logistics and freight forwarding group took a triple hit from a softening air freight market, weak European imports and antitrust fines. The Swiss company's...
Emirates Shipping to Raise Asia-Africa Rates Emirates Shipping Line will hike rates on its East Africa trade lanes, effective April 1. From the Far East and Southeast Asia to East Africa, the increase will be $200 per 20-foot-equivalent unit....
Caribbean Carrier Group Sets Congestion Surcharge The member carriers of the Caribbean Shipowners Association will implement a port congestion surcharge for all full container load shipments moving between the continental U.S. and St. John's, Antigua, starting March 31. The surcharge will be $100 per 20-foot container, $200 per 40-foot container and $225 per container greater than 40...
CMA CGM to Hike Europe-South America Rates CMA CGM will increase rates in its trade from North Europe to South America's west coast, starting April 1. The hike will be $300 per 20-foot-equivalent unit. It applies to all shipments excluding refrigerated cargo....
From TPM: Devine: Automation to Improve Productivity, Not to Cut Jobs LONG BEACH, Calif. - The primary reasons for automating U.S. container terminals are to improve vessel and gate productivity and enhance safety, not to reduce longshore jobs, according to an East Coast marine terminal operator. Shipping lines are determined to enter ever larger vessels into the U.S. trades as they seek...
Containership deliveries to reach record levels in 2013 Containership deliveries will reach record levels this year despite efforts by owners to defer receiving tonnage, according to analyst Alphaliner.Figures published ...
Transpac spot rate decline puts negotiators on back foot Maersk Line CEO Soren Skou used his keynote speech at the Long Beach-hosted TPM this week to amongst other things talk up the prospects for higher rates from Asia ...
Seaspan reports solid earnings and new loan facility from Chinese bank Seaspan Corporation has reported normalised net earnings edged down 9.5% to $32m in the fourth quarter of 2012 and a slightly lower vessel utilisation rate of 98.5% ...
Box volumes rise on Asia to Europe trade for first time in almost a year THE Asia to Europe trade experienced a year-on-year increase in container volumes in January for the first time in almost a year.The latest data from Container ...
Panalpina hit by soaring costs OCEAN freight was one bright spot in an 'unsatisfactory' set of 2012 full year results for Switzerland-based logistics operator Panalpina, which reported a group ...
RCL suffers at the hands of over capacity Thai-headquartered intra-Asia feeder and domestic carrier Regional Container Lines [RCL] saw its trading result deteriorate further in 2012, posting a THB 1,927 ...
DRYS posts deep deficit Shares of George Economou's DryShips plunged in late trading Wednesday after turning in a fourth-quarter loss that fell short of Wall Street forecasts.
LNG put to the test Demand for LNG-powered engines is on the rise in the maritime sector and the craze is starting to gain momentum in other industries that are looking to secure new sources of affordable fuel.
Dominoes anyone? The US Coast Guard (USCG) has teamed up with private contractors in an attempt to locate and recover containers that fell off a barge controlled by TransAtlantic Lines (TAL) Monday afternoon.
STNG expansion drive continues Scorpio Tankers has added a tenth medium-range products tanker to its fleet of chartered tonnage.
Bourbon's $2.5bn sale Bourbon plans to raise $2.5bn from the sale-and-charterback of around one-third of its fleet.
DVB blows eco view Bulker owners hoping to secure a premium for new eco vessels will find themselves disappointed, for now at least, a leading bank says.
LSC lowers loss Lithuanian Shipping Company (LSC) has cut its 2012 losses, but costs remain higher than revenue.
Exxon's output boost Tanker owners may be in the doldrums due to oversupply of tonnage but they can at least look forward to carrying more cargo in the next few years, if figures announced today by ExxonMobil are anything to go by.
Fractured, not broken Shipowners have again been warned against complacency amid the decline in attacks by pirates off Somalia.
Pratibha bosses held Two directors of Indian owner Pratibha Shipping have been arrested as part of the investigation into the fatal grounding of the Pratibha Cauvery.
Flex LNG unperturbed Flex LNG has brushed off a formal cancelation by Samsung Heavy Industries for a huge order of LNG FPSOs.
Bourbon profit better French offshore heavyweight Bourbon has turned in strong results for 2012.
Six ships grounded A seafarer was reported missing as a storm forced at least six vessels aground in Panama.
ESL finds new chief ESL Shipping of Finland has found its new boss at heavy-lift compatriot Meriaura.
Fisher takes tanker hit UK owner James Fisher has written down the value of its tanker fleet ahead of potential vessel sales.
Samsung writes off Flex Samsung Heavy Industries appears to have formally called time on a Flex LNG order for four floating LNG production units.
Westgarth goes offshore Tanker heavyweight Graham Westgarth has added another line to his impressive CV after becoming a director of offshore owner Seagull.
Gati stake sale likely Indian boxship owner Gati is likely to bring in a new investor to cut debt.
Norden re-aims the gun Norden is close to penning four new product tankers and is also actively looking to expand its core dry-cargo fleet, its CEO says.
OOCL sees profit jump Hong Kong shipping group OOIL has seen 2012 profit jump as liftings and revenue increased.
Seadrill completes bond run Seadrill has successfully completed a raid on the Norwegian bond market.
Champagne quarter Norden raced past forecasts in the fourth quarter but has delivered a sobering forecast for the year ahead.
Orders slow further The number of newbuilding contracts booked in January and February has fallen 18% year-on-year.
Ice work Cargoships should be able to sail straight over the North Pole by 2050, scientists believe.
James Fisher buys Divex James Fisher and Sons has continued its expansion drive with the acquisition of another company in the offshore sector.
Hanjin eyes six Hanjin Heavy of Korea is in talks for six more boxship and bulker newbuildings.
Seaspan profits soar Seaspan has seen its fourth quarter net profits jump 150% from a year ago to almost $59m, the company said late Tuesday.
Stena in Asia ferry move Stena Group is poised to launch its first ferry operation in Asia with a service between South Korea and Russia.
70 VLCCs too many Maersk Tankers chief executive Hanne Sorensen says one-in-ten VLCCs needs to be removed from the fleet to restore rates.
Frew to lead BIMCO Angus Frew has been named as the new secretary general and chief executive of shipowner's body BIMCO.
Cruise ship runs aground A Hurtigruten cruise ship has run aground in a remote Norwegian fjord north of the Arctic Circle but has managed to refloat unaided.
Delay in EU's known consignor rule Status can be achieved by training employees about security in the supply chain and by enhancing other security practices. Firms that don't submit to the new guidelines will see their shipments undergo increased screening.
DHS selects new COAC members
MSC to stop Europe-to-Asia bookings The liner carrier said the move will "allow the cargo booked in time to receive the best attention... especially in view of the well-known and widely announced limited availability of space and equipment during the incoming weeks."
OOCL profit rises in 2012 despite tough 4Q Hong Kong-based Orient Overseas International, Ltd. (OOIL), the parent company of liner carrier OOCL, on Wednesday said its 2012 operating profits rose 86.9 percent year-on-year in 2012 to $343.2 million.
ILWU files unfair labor practice charge The union said United Grain "took the extreme measure of locking out its entire bargaining unit even though by its own statements it had identified and terminated the employee allegedly responsible for the property damage."
Panalpina's 2012 saved by ocean, logistics
Despite challenges, DHL has robust 2012
Barge loses containers off Florida coast
Great Lakes shipping season begins
FedEx increases sustainability commitment
NS ends railcar classification in Roanoke
NS disputes $1.2 million OSHA ruling The Occupational Safety and Health Administration has ordered Norfolk Southern Railway Co. to pay $1.2 million to three workers for wrongfully terminating them for reporting workplace injuries, a violation of whistleblower rules.
Maritime law firm merges with larger outfit
Twinkie bakers qualify for trade-related benefits
SeaIntel opens Hong Kong office
U.S. backs $1.1 billion finance for planes to Indonesia
U.S. loan helps export wind turbines to Honduras
Egypt's QIZ exporters receive U.S. duty-free treatment
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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