Green light for construction of new freight line in India India's cabinet committee on economic affairs has approved the construction of a new, 63 km broad gauge line between Raigarh (Mand Colliery) and Bhupdeopur railway station. The new...
Kuehne + Nagel and Iveco extend partnership for European spare parts logistics Iveco, a global manufacturer of commercial vehicles and buses, has extended its service contract with the logistics corporation Kuehne + Nagel for another three years. The service ...
DB Schenker Logistics and Envirotainer step up collaboration DB Schenker Logistics is expanding its temperature-controlled airfreight services. To support this move, the company will steadily augment its accredited location network. Faciliti...
GLS Netherlands rolls out Flex Delivery service Made to measure parcel deliveries - GLS Netherlands recently began to offer this with its new Flex Delivery service. Whilst a parcel is en route, private recipients can choose wher...
Torello Transporti augments fleet Torello Trasporti, an Italian transport company based in Avellino, is investing in its vehicle fleet and now deploys MAN tractors, in addition to Volvo, Scania, Mercedes and Iveco ...
DB Schenker Rail grows in Bulgaria's railfreight sector DB Schenker Rail Bulgaria EOOD, the national subsidiary of DB Schenker Rail, has become the new section of its parent company's European intermodal network. DB Schenker Rail Bulgar...
Braemar Adjusting changes director in the Americas The regional managing director of Braemaer Adjusting, Chris Dye, is stepping down from his current position after more than 13 years with the company. He will remain with Braemar u...
Isuzu Truck UK is sold Isuzu Truck UK has been purchased by its parent company, Isuzu Motors Japan, to secure the future of the company. Isuzu Motors is one of the largest truck manufacturers in the wor...
AMI goes self-handling in Manchester UK The trade-only airfreight and express wholesaler Air Menzies International (AMI) has moved into a dedicated 800 sqm facility at Manchester airport's World Cargo Centre (UK), where ...
Domodedovo temporary storage warehouse adopts digital signature system Moscow Domodedovo airport has introduced a freight registration system enabling data communication with the customs office to be carried out digitally. Domodedovo Cargo pioneered a...
Panalpina speaks of "a disappointing 2012" Monika Ribar, the CEO of Basel (Switzerland)-based Panalpina, said, "our 2012 results are unsatisfactory." Her company's exposure to airfreight and Europe-related trade lanes meant...
Port of Genk joins InlandLinks The container terminal at the port of Genk (Belgium) has joined InlandLinks, an online service platform offering information about intermodal services in connection with the port o...
January sees first positive figure for European freight in nearly two years The airport trade body ACI Europe released its traffic results for January on 6 March, thereby providing the first indication of traffic trends for the year ahead. The negative fig...
Port of Trieste wants link to inland waterways The Trieste port authority is participating in the EU's inland waterways and sea ports upgrade programme (Inwapo), which is part of the Central Europe 2007 - 2013 programme. The It...
Azat Mulgimov new general director of ACS in Moscow The global aircraft charter specialist Air Charter Service has appointed Azat Mulgimov as general director of its Moscow office. Mulgimov spent the last five years as commercial di...
European Sea Ports Organisation awards certificates to eco-friendly ports The European Sea Ports Organisation (Espo) has awarded five new port environmental review system certificates (Pers) to the ports of Corfu, Lagos, Kavala and Volos in Greece, and t...
Tanker owners face three years until rate recovery TANKER owners will need to wait at least three more years for rates to recover, the boss at Maersk Tankers has predicted
LR2s top off Scorpio spree NYSE-listed Scorpio Tankers today tacked on two more 'eco' product-tanker orders, this time venturing into the larger LR2 class
UK rulings against Sovcomflot sustained A UK COURT has cut short Sovcomflot's seven-year lawsuit by sustaining two earlier High Court judgments
HMM crashes to record losses of $920.5M HYUNDAI Merchant Marine said today it ran up record net losses of 998.9Bn won ($920.5M) for FY12
DVB's profits rise despite surge in risk costs GERMAN shipping and transport bank DVB lifted its results last year despite a surge in risk costs
Dockwise seeking to delist in Amsterdam DOCKWISE, the Dutch-listed heavy-lift specialist being taken over by Royal Boskalis Westminster, said today it has applied to delist its shares
Oiltanking to expand LPG terminal NYSE-listed Oiltanking Partners will invest $44M to significantly expand its LPG docking capacity on the Houston Ship Channel, the company has confirmed
James Fisher upbeat after strong 2012 JAMES Fisher & Sons, the London-listed maritime services group, said today trading this year has started well, after a strong 2012
Ningbo water transport tax bill cut WATER transport enterprises in Ningbo are paying 3.28M yuan ($0.5M) less tax under the port's value-added levy, Zhejiang Province said
HPH fully acquires Asia Container Terminals HUTCHISON Port Holdings Trust said today it has acquired all the shares in Asia Container Terminals
Caution advised for Asia Pacific offshore OFFSHORE prospects in Asia Pacific remain strong, but caution has never been more important, DVB Group Merchant Bank has warned
Mariner missing in blast A SEAFARER is missing today following an explosion and fire aboard a tanker off Portugal
HK lifting pilot age ceiling HONG KONG is raising the age limit to 68 for harbour pilots of large vessels
Iron ore tonne-mile demand hits two-year low TONNE-MILE demand from spot iron ore fixtures sank to a three-year low in February, DNB Bank said today
Older VLGCs find takers VLGCs BUILT in the 1980s and 1990s are still finding buyers who are willing to pay decent prices, reflecting continuing optimism in LPG shipping
APL Exec: Prepare for Onslaught of Mega-Ships The president of the Americas for APL is telling ports on both coasts to prepare for an onslaught of large container ships because the economic, operational and environmental benefits of big ships are so compelling. Vessels with a capacity of 8,000 to 13,000 20-foot containers are calling regularly now on the...
Tentative ILA-NYSA Deal 'Sets the Stage for Changes' The International Longshoremen's Association and the New York Shipping Association tentatively agreed on a local contract that, if ratified, likely means East and Gulf Coast ports will avoid a work stoppage this year. The ILA and NYSA issued a joint statement saying they had reached "a settlement that both sides agree...
EU, Thailand Begin Negotiations for Free Trade Agreement José Manuel Barroso, European Commission president, and Yingluck Shinawatra, Thailand's prime minister, have launched negotiations for a free trade agreement between the European Union and Thailand. Karen De Gucht, EU Trade Commissioner, and Teriyapirom Boonsong, Thailand's Minister of Commerce, had met earlier to formally agree on the start of negotiations. The goal...
ILA, NYSA Reach Tentative Contract Deal The International Longshoremen's Association and the New York Shipping Association have tentatively agreed on a local contract covering 4,500 ILA members in the Port of New York and New Jersey. More to come on joc.com. ...
Deutsche Post DHL's First Climate Protection Project Expected to Save Over 20,000 Tons of CO2 Per Year BONN, Germany - Deutsche Post DHL, the world's leading mail and logistics group, has gained United Nations' approval for its first independent climate protection project. By minimising fuel requirements, the efficient wood-burning stoves utilised in the initiative reduce CO2 emissions by up to 80 per cent compared to traditional cooking...
Port of Lake Charles to Lease 90 Acres to Magnolia LNG LAKE CHARLES, La. - Port of Lake Charles Commissioners on Wednesday approved an option for a long-term lease agreement on 90 acres with Magnolia LNG, an Australian-based energy company that plans to build a $2.2 billion export facility that will produce 4 million metric tons of liquefied natural gas per...
US Trade Deficit Expanded to $44.4 Billion in January The U.S. exported $184.5 billion in goods and services in January and imported $228.9 billion of goods and services, resulting in a goods and services deficit of $44.4 billion, up from $38.1 billion in December 2012, according to data released today by the Bureau of Economic Analysis of the U.S....
Prince Rupert to Begin Work on Road-Rail Corridor The Prince Rupert Port Authority is preparing for the construction launch of the Ridley Island Road, Rail Utility Corridor in British Columbia, CFTK-TV reports. The $90 million project represents investments from the governments of Canada and British Columbia, Canadian National Railway and Prince Rupert Port Authority. The corridor will be a shared...
North American Rail Traffic Up This Week North American rail volumes rose for both carload and intermodal traffic for the week ending March 2. U.S. Carload vs Intermodal TrafficWeek-to-Week Percent ChangeSource: AAR For a larger version of the chart, click on the image.The U.S. and Canada showed growth while Mexico's volume fell, according to the Association of American Railroads....
Towne Air Freight to Move Southeast Hub to Larger Facility Towne Air Freight's new, larger Atlanta facility.Towne Air Freight will relocate its regional hub in Atlanta to a larger facility in early April. The new 50-door hub features a 250,000 square foot building. It is more than quadruple the size of the previous facility. The South Bend, Ind.-based air freight carrier also...
WCI: Backhaul Rates Climb Backhaul east-west container rates were up this week in the Europe-to-Asia and trans-Pacific westbound lanes, according to the latest release of the World Container Index. World Container Index Rates to ShanghaiSource: WCI For a larger version of the chart, click on the image. Europe-to-Asia eastbound rates from Rotterdam to Shanghai rose by 2.4...
WCI: Trans-Atlantic Eastbound Rates Fall 5.8 Percent Ahead of GRI Trans-Atlantic eastbound rates fell while westbound rates rose this week, according to the latest release of the World Container Index. World Container Index Rates Between New York and RotterdamSource: WCI For a larger version of the chart, click on the image.Rates from New York to Rotterdam fell 5.8 percent or $117 this...
Dukal Establishes Savannah Port, DC Operation Dukal has chosen Georgia's Port of Savannah as its major port of entry and established a new distribution center in the city's foreign trade zone. The disposable medical products supplier has contracted for 140,000 square feet at a Tremont Road location in Savannah. The space features 32-foot clearance and 32 dock...
Florida Governor Recommends $288 Million Spend on Ports In his annual State of the State address, Florida's Gov. Rick Scott emphasized the need for strategic infrastructure investments and announced his budget recommendation of $288 million in seaport improvements this year. Roy Schleicher, Jacksonville Port Authority's interim CEO, praised the governor's recognition of the ports' importance. "The governor and state leadership...
Hapag-Lloyd Set to Change Rates, Fees on April 1 Hapag-Lloyd will increase rates for dry commodities in its trade from British Columbia to East Asia, the Indian subcontinent and the Middle East, effective April 1. The hike will be $160 per 20-foot container and $200 per 40-foot container. The ocean carrier has decreased its bunker fuel factor for all dry,...
From TPM: Chassis Evolution Gains Speed LONG BEACH, Calif. - Container lines owned half of U.S. intermodal chassis in 2009, but their share fell to 32 percent last year and will drop to 20 percent by the end of 2013, consultant Steve Rubin told the JOC's 13th annual TPM Conference. Carriers' rapid exit from the market is...
Clarkson's Profit Plunges on Weak Shipping Markets Clarkson's pretax profit plunged to £20.4 million ($30.6 million) in 2012 from '32.2 million in 2011 as the world's biggest ship broker was buffeted by weakening shipping markets that saw rates in some sectors slump to their lowest levels since the 1980s. Revenue shrank to $264 million from $292 million, but...
Maersk to Sail More Ships Under Singapore Flag A.P. Moeller-Maersk plans to add more vessels to its Singapore hub, Bloomberg reported. Maersk Line, the container shipping division of the Danish shipping and logistics conglomerate, has about 120 ships under the Singapore flag, the most after 180 in the headquarters in Denmark, said Thomas Knudsen, president of the Maersk Line...
ICG remains cautious Dublin-headquartered ferry, terminal and short sea operator Irish Continental Group recorded a 2.2% decline in its operating profit for 2012 compared to the previous ...
G6 lines await FMC approval of network expansion SHIPPERS should hear more about how a consortium of six major lines plans to serve the Asia-US east coast trades by the middle of the month.Members of the G6 alliance ...
HPH Trust buys Hong Kong's ACT Holdings from DP World and PSA Hutchison Port Holdings Trust has bought Asia Container Terminals for HK$3.9bn ($503m) from joint owners Dubai-based DP World and Singapore-based PSA.The sum includes ...
Seaspan excited about current market SEASPAN has never been as excited about the shipowner market as it is today and it expects supply and demand to be well matched over the coming three years.In a ...
Maersk learn from Harry Selfridge 'The customer is always right,' - the slogan penned by the American, Harry Gordon Selfridge [the founder of London's iconic Selfridges store]. It has been a successful ...
MSC stops booking The world's second biggest container carrier, Mediterranean Shipping Co has repeated the medicine of a booking stop on eastbound containers that blighted the Asia ...
OOCL says partnership brings more benefits than merger Orient Overseas Container Line has reaffirmed the benefits of box shipping alliances, saying these partnerships have already offered more of a boon than merger ...
Aboitiz Jebsen in denial Aboitiz Jebsen of Manila claims it is no longer the manager of a bulker that has ignited concerns about a crackdown on emissions violations following a run in with the US Coast Guard (USCG).
Crude pact complete Russian oil giant Rosneft has firmed up a series of long-term crude supply contracts with Glencore and Vitol.
Economou holds court DryShips may be forced to raise up to $300m by next year if it decides to complete the unfunded portion of its newbuilding programme, according to chief executive George Economou.
Mitsubishi backs box raid Former members of GE Transportation Finance's shipping team have emerged as the architects of a fund that is looking to raise $750m for the acquisition of containerships.
No sweat for Scorpio Scorpio Tankers has the tools it needs to tackle the challenges that have arisen as a result of rapid fleet expansion, according to operations chief Cameron Mackey.
Norden takes three Norden has wasted no time in acting on Carsten Mortensen's pledge to boost its core dry-cargo fleet.
Scorpio on script Scorpio Tankers has entered the LR2 sector with a double newbuilding order at Hyundai Samho Heavy Industries.
Ocean Yield takes two Lars Solbakken-led Ocean Yield has snapped up two anchor-handler newbuildings from Farstad Shipping in a sale and leaseback deal.
Pareto cuts Golar Pareto Securities has cut its rating on Golar LNG amid the belief an unparalleled newbuilding orderbook will keep a lid on its share price.
Rural rounds Samskip is launching calls at lesser known Icelandic ports to boost exports.
Free from FreeSeas Hanover Holdings has wasted little time in cashing in its shares in bulker owner FreeSeas.
What next, Scorpio? Rumours are flying regarding what big-spending Scorpio Tankers will do next.
DP ready to sell Dubai ports group DP World is planning to raise $742m through asset sales in Hong Kong.
Banking close to impossible DVB has taken an extra EUR 70m shipping loan loss provision and is dedicating extra resources to deal with its troublesome loans in the sector.
Crew saved after sinking Eleven crew have been rescued after their cargoship sank in the Danube Delta.
Solstad stretches CSV Solstad Offshore has secured an extended deal for one of its construction vessels with Technip.
One missing in blast The search is on for a seafarer missing from a Nordic Tankers vessel hit by an explosion off Portugal.
Feederlink fuels ICG A gain on the sale of Feederlink led to a sharp rise in profit at Irish Continental Group in 2012.
Split lines up orders The new owner of Croatian shipyard Brodosplit is in talks over new orders with European and Russian shipping companies.
No Titanic Twitter twits Aussie tycoon Clive Palmer is certainly taking his bid to recreate the Titanic experience very seriously.
Cape double for CSE Taiwan's China Steel Express (CSE) has returned to Mitsubishi Heavy Industries (MHI) in Japan for two more bulker newbuildings.
Clarksons feels the pain Clarksons has seen full-year results slide 34% as it faced a year of challenging market conditions.
Ocean Rig suffers loss Ocean Rig UDW has suffered a $71m loss in the fourth quarter as operating costs nearly doubled compared to a year ago.
Lauritzen ship returned Lauritzen Tankers is reportedly the latest shipowner to suffer at the hands of bankrupt tanker owner OSG.
This wasn't in the brochure! Damen Shipyards Group has secured a contract that calls for the dry-docking of a CMA CGM containership that was involved in a casualty late last month.
VLCC design gets AIP ClassNK has granted Approval in Principle (AIP) to a VLCC design that reduces the weight of ballast water required by 65%.
Martin buys LPG barges Martin Midstream Partners LP has spent just over $50m to acquire six LPG pressure barges and two commercial push boats.
SAS to outsource handling to Swissport Swissport is in negotiations with Scandinavian Airline Systems to form a joint venture company, owning 51 percent of the new organization and SAS' ground-handing offerings in Denmark, Sweden and Norway.
Louisiana lands large chemical logistics facility
Horizon Lines leaves NJ port for Philadelphia The domestic ocean carrier is moving its Northeast terminal from the Port of New York/New Jersey in Elizabeth, N.J., to Philadelphia to better serve customers and reduce costs on its Puerto Rico service.
Seaspan sees opportunity for containership chartering
Cass: Freight shipments up in February
NEWSFLASH: ILA, NYSA reach tentative agreement The International Longshoremen's Association (ILA) and employers in the Port of New York and New Jersey have reached a tentative agreement on local contract issues.
BNSF to test LNG in locomotives The demonstration program aims to determine if the alternative is viable as a power source for long-distance freight moves. Potential benefits include reduced fuel costs and emissions of greenhouse gas and diesel particulates.
Descartes sees significant 2012 increases
House bill requires multi-modal freight plan The Multimodal Opportunities via Enhanced (MOVE) Act offered by Rep. Albio Sires, D-N.J., would expand the definition of the national freight network to include rail, waterways, inland ports, freight intermodal connectors, and airports.
U.S.-Iraq TIFA to enter force later this year
Market-based measure needed to combat climate change, group says
Local ILA discussions continue A post on the ILA's Facebook page Wednesday said the union and New York Shipping Association (NYSA), the group that represents employers in the Port of New York and New Jersey, "engaged in intense negotiations for (the) third day."
US data show increase in cat fines as sulphur comes down Trend for increase in cat fines peaked just as ECA took effect.
'Supply glut' coming to an end Fuel oil avails set to tighten in East Asian market.
No clear direction in Fujairah market Limited avails seen in Cape Town.
Prices make small gains in Rotterdam Bunkering suspend at Gibraltar, according to reports.
A little goes a long way 'Ship operators are not aware of the great benefits that perceived minor, on-board maintenance can reap.'
Fuel oil stocks fall as refinery maintenance begins Stocks at lowest level for three weeks.
Dual fuel engines could 'oust' conventional power units 'Engines without dual fuel capability might one day seem as antiquated as coal-powered warships,' says analyst.
Bunker prices fall in Asian trade Adequate supplies were available at major ports.
Fuel-saving fins installed on Hamburg Sud ships Becker Marine Systems's twisted fin able to reduce fuel consumption by 4%.
DVB: Market won't pay more for 'eco' tonnage But that could change further down the line.
Dual-fuel bunker barge installs LNG micro turbines New system will reduce annual bunker cost by approximately $20,000.
Hong Kong sulphur regulations could be in place by October Environmental Protection Department plans to submit proposals to the Legislative Council.
Glencore takes hit from lower commodity prices Price of key commodities such as nickel, coal, zinc and copper decreased in 2012.
Shore power to be installed at Canadian terminal System will cut bunker consumption by 70,000 litres annually.
Korean manufacturer unveils 'first' LNG dual fuel engine Engine will be able to 'significantly reduce' a ship's operating costs.
Domestic cargo ships banned from using subsidised bunkers Some ships already banned but Indonesian government says rule difficult to enforce.
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