New Stuart Highway parking lot completed in Australia's Northern Territory Truck drivers who regularly use the Stuart Highway in Australia's Northern Territory now have another safer place to pull over and take a break or catch up on their sleep following...
Airbus celebrates two new big orders Air Lease Corporation (ALC), the Los Angeles CA (USA)-based aircraft leasing company has just signed a contract with Europe's aircraft manufacturer Airbus for 25 A350 XWB family ai...
Cargolux pioneers B747-8 services in South America and China Over the first February weekend, the Luxembourg-based airline Cargolux added four new destinations to its B747-8 freighter network and, in the process, flew the first-ever B747-8 s...
Railcargo Austria (RCA): Industriewaggon becomes Rail Cargo Wagon Railcargo Austria's existing subsidiary Industriewaggon GmbH and the RCA asset management sector are to be integrated into a single entity called Rail Cargo Wagon. Bundling railcar...
UIS study on long and/or heavy trains now completed Rail freight operators are constantly seeking to increase productivity and freight volumes, and to make gains in terms of their relative production costs in order to offer a qualit...
World busiest airport suffers cargo decrease Hartsfield-Jackson Atlanta international airport (USA), which was once again the world's busiest airport in terms of passenger traffic and aircraft operations in 2012, recorded an ...
Quintiq hires Jeffrey Vail as chief marketing officer Quintiq, a Pennsylvania (USA)-based firm specialising in supply chain planning and optimization software, has appointed Jeffrey Vail as its chief marketing officer (CMO). Vail prev...
Mercedes delivers 148 Axor and Actros tractors The Turkish transport and logistics companies Coban Trans, Anibal Uluslararasi Nakliyat, Mertcan Turizm Nakliyat, Sigva Trans, Ekin Denizcilik Turizm, Öz Asya Uluslararas...
MSC buys shares in terminal in Long Beach The Geneva (Switzerland)-based Mediterranean Shipping Company (MSC), the world's no 2 container carrier, has bought shares in Total Terminals International, the operator of pier T ...
MOL launches China-Middle East Express service The Japanese carrier MOL Liner Ltd (MOL) is starting a new weekly China - Middle East Express (CMX), departing Ningbo on 11 March 2013. MOL will offer an additional weekly service ...
DB Schenker Rail names new human resources manager DB Schenker Rail has chosen Dr Ursula Biernert as director of its human resources business field, effective 1 April. She will have a seat on the board of DB Schenker Rail AG, as we...
APL selects new executive for Europe business APL has selected Peter Jongepier as regional president of its business in Europe. Jongepier will be responsible for APL's commercial activities in Europe, including the former Sovi...
DB Schenker investing EUR 41 million in new logistics centre in Singapore DB Schenker Logistics is to construct a new integrated logistics centre in Singapore. The facility, which will be located in Tampines Logispark near Changi international airport, w...
Vanguard moves 130 t transformer 2,300 km into Africa An emergency replacement transformer was recently transported 2,300 km from Johannesburg (South Africa) to the Cahora Bassa power station (NW Mozambique) after one of its main tran...
Haier America awards US distribution agreement to Kenco USA-based distribution, transportation, and supply chain service provider Kenco has been awarded the USA distribution contract for Haier America, a division of the multinational Ha...
EC refuses to extend deadline on sulphur limit THE EC has told France it will not authorise any EU country to seek an extension of the 2015 deadline for introducing a 0.1% fuel sulphur limit
Yemen accuses Iran of weapons shipment YEMEN has reportedly accused Iran of smuggling weapons by ship in hope of aiding Yemeni insurgents
Pakistan investigating Karachi Port Trust PAKISTAN has begun an investigation into the government-owned Karachi Port Trust, IHS Global Insight reported today
DSME wins $1.6Bn deal for fixed platform DAEWOO Shipbuilding & Marine Engineering confirmed to Fairplay today it has clinched an order worth about $1.6Bn for a fixed offshore platform
90% of KG fund raising is wiped out SHIPPING funding from German retail private investors continued to plummet last year, with volumes less than one-tenth of their levels in the market's heyday
Strife stymies Colombia's coal exports STRIKES and environmental issues have halted coal operations that account for two-thirds of Colombia's export capacity
Dong-A enters MR sector HYUNDAI Mipo Shipyard has been awarded a contract by compatriot vessel owners to build up to four MR tankers
DCI dredges up 71% drop in profits DREDGING Corp of India said today profits for its October-December quarter fell 71% from its July-September levels
MSC, Zim team up on North Europe/Med MSC AND Israel's Zim are adding fresh route capacity in the Eastern Med/North Europe trade
FESCO reefers surge REEFER volumes rose 32.5% in 2012 for FESCO
China steel profits melt by 98% CHINA'S 80 medium-to-large steel mills reported their profits crashed 98.2% year on year in 2012, Beijing said today
Cautious optimism for Hanjin Shipping HANJIN Shipping could return to profitability in 2013 if capacity discipline and rate rises continue, analysts predicted today
Hanjin HI confirms forklift death at Subic A SHIPYARD worker has been killed when struck by a forklift, Hanjin HI & Construction Philippines told Fairplay today
China foreign trades spike 26.7% in January CHINA'S foreign trades in January jumped 26.7% year on year, Beijing said today
Record container ship deliveries predicted for '13 BOX SHIP deliveries are expected to top a record 1.8M teu this year
Express Rail Intermodal Service From Port of Quincy Generates Smaller Carbon Footprint, McKinstry Finds SEATTLE - Seattle-based energy and facility services firm McKinstry has released a carbon analysis study that confirms that the unique (Cold Train) refrigerated express intermodal service to/from the Port of Quincy Intermodal Terminal produces a smaller carbon footprint than shipping by long-haul truck to/from Quincy, Wash. The report validates a...
Brunswick Rail Debut Eurobond Offering Recognised as a Euromoney 2012 Deal of the Year MOSCOW - Brunswick Rail, Russia's leading private freight railcar operating lessor, is pleased to announce that its debut Eurobond issue has been named a 2012 Deal of the Year for Central and Eastern Europe by Euromoney Magazine. The company priced its debut US$600 million 5-year Eurobond with an annual coupon rate...
Graybar Named One of America's Top Workplaces ST. LOUIS - Graybar, a leading distributor of electrical, communications and data networking products and provider of related supply chain management and logistics services, today announced that it has been named one of America's Top Workplaces by WorkplaceDynamics. Graybar ranked No. 119 nationwide among 872 organizations of 1000 or more...
TITAN Salvage Appoints New Vice President of Business Strategy and Process POMPANO BEACH, Fla. - TITAN Salvage, Crowley Maritime Corporation's marine salvage and wreck removal company based out of Pompano Beach, Fla., has named Michael G. Johnson its new vice president of business strategy and process. Johnson will report to TITAN's Managing Director Rich Habib, and will be domiciled in the...
USDA's Agricultural Outlook Forum to Include Exporting Tactics The United States Department of Agriculture has announced that the theme of its Agricultural Outlook Forum on Feb. 21 and 22 will be managing risk in today's markets. The forum will feature several international trade sessions highlighting strategies, challenges and prospects for growth for U.S. agricultural exporters. Examples of sessions include "Prospects...
Shipping Industry Provides $1 Million for United Nations' Somalia Initiative "K" Line, Shell, BP, Maersk, Stena, NYK and MOL are jointly collaborating with the United Nations Development Programme to support capacity-building projects and job creation in Somalia. The industry partners will provide $1 million to the UNDP, which will oversee the distribution of the funds in 2013 and 2014. They also intend...
Hapag-Lloyd to Resume Benin Calls on Africa Service Hapag-Lloyd is revising its South/West Africa Service's port rotation to resume weekly calls to Cotonou, Benin, starting on westbound MED voyage 1302W, departing from Asia by March 9. The port rotation will be as follows: Shanghai; Ningbo, China; Xiamen, China; Shekou, China; Singapore; Port Klang, Malaysia; Durban, South Africa; Lome, Togo; Tema,...
Ports of LA, Long Beach Worry About Diversions The ports of Los Angeles and Long Beach were open for business Friday despite the rejection of a tentative contract agreement by office clerical workers. However, what the next step will be involving the Office Clerical Unit of International Longshore and Warehouse Union Local 63 and waterfront employers is uncertain at...
2013 to Be 'Bridge Year' for US Rail Industry Kansas City Southern Railway CEO David Starling sees 2013 as "bridge year" in that the railroad will haul more loads but the major surge will come in 2014. That's when Audi, Honda, Mazda and Nissan will open up plants in Mexico, bringing more business onto the carrier's cross-border network, he told...
At YRC, the Profit Is in the Details Close attention to detail such as shipment mix and safety costs helped deliver a $24.1 million annual operating profit for YRC Worldwide, the trucking operator's first full-year operating profit since 2006. The $4.9 billion less-than-truckload holding company still suffered a $136.5 million net loss for 2012, but that was much reduced...
Illinois Soybean Growers Talk Strategy With Asian Carriers Several Illinois Soybean Association directors and staff recently traveled to Asia to promote the state's transportation system and discuss ways to improve shipping the state's soybeans to customers worldwide. The group included Ron Kindred, ISA Marketing Committee chairman and soybean farmer from Atlanta, Ill.; Bill Wykes, ISA chairman and farmer from...
FTR Trucking Index Reflects Positive Environment FTR Associates' Trucking Conditions Index for December, published in its February 2013 Trucking Update, was a favorable reading of 8.38, although it declined from November's reading of 9.7. By mid-2013, the TCI is expected to rise significantly because of market tightness from expected regulatory changes and steady freight growth, the Nashville,...
8.5 Percent Surge in February Imports Forecast Global Port Tracker projects an 8.5 percent surge in containerized imports this month over February 2012 despite uncertainties surrounding labor negotiations on both the East and West coasts and a decline in fourth quarter 2012 gross domestic product. The publication of the National Retail Federation and Ben Hackett Associates is also...
ATA Again Asks FMCSA to Revise Crash Accountability Criteria The American Trucking Associations has repeated its call for the Federal Motor Carrier Safety Administration to establish a process to remove crashes from motor carriers' records when it was evident that the carrier was not to blame. Currently, carriers' scores in FMCSA's safety monitoring system - Compliance, Safety, Accountability - are...
Ex-Im Bank Signs $500 Million Initiative With India Bank Fred P. Hochberg, chairman and president of the Export-Import Bank of the United States, recently signed a $500 million memorandum of understanding with ICICI Bank, India's largest private sector bank, pledging cooperation on financing projects beneficial to both India and the U.S., while he was on a business development mission...
USDA Authorizes Certain Fruit Imports From the Philippines The U.S. Department of Agriculture has authorized imports of fresh litchi, longan and rambutan fruit, as well as bananas, from the Philippines into the U.S. Designated phytosanitary measures must be applied to the imported fruit to prevent the introduction or dissemination of plant pests or noxious weeds, USDA said. Bananas will also...
STB Proposes Changes to Railroad Costing System The U.S. Surface Transportation Board, part of the U.S. Department of Transportation, has recommended changes to its Uniform Railroad Costing System. The board is proposing to change the way URCS calculates certain system-average unit costs to better reflect railroad operations. The proposal will automatically reflect economies of scale relative to shipment-size...
SCFI Shows Decline in Rates Before Chinese Holiday Rates on east-west trade lanes drifted lower in the Friday release of the Shanghai Containerized Freight Index ahead of a one-week lapse of the index because of the Chinese New Year holiday. "The trend seen over the past of few weeks has continued with steady but fairly low declines across all...
WCA Family of Logistic Networks Hires Erman Reha Erman, WCA Family of Logistic Networks' new regional manager for the Americas. WCA Family of Logistic Networks has hired Reha Erman as regional manager for the Americas. Prior to joining the freight forwarding group, Erman was the director of sales for The International Air Cargo Association....
OOCL weighs in with a $700 Asia - Europe hike Hong Kong's OOCL is the latest ocean carrier to pitch for a mid-March general rate increase on the Asia - Europe westbound tradelane, asking for an extra $700 per ...
Maersk Line's Vos quits In a surprise to most in the container liner industry the charismatic chief commercial officer of Maersk Line has resigned his Copenhagen post and is to return ...
Kalmar inks order for 11 cranes at ECT Finnish cargo handling manufacturer, Kalmar, part of the Cargotec group, has signed a deal to supply 11 automatic stacking cranes to Hutchison Port Holdings' ECT ...
Bigger and better, greener and leaner The UK's Peel Ports has invested in a substantially larger shuttle vessel for its Manchester Ship Canal container service after a marked increase in demand ...
Matson thankful for Guam Honolulu-headquartered container line Matson reported net income of $15.6 million in the final three months of last year, compared to just $1.6 million in the fourth ...
End of the line for Daily Maersk? Drewry's latest quarterly report on ocean carrier reliability shows that there was a rise in its schedule integrity index in east-west trades in the final three ...
Stevedore seeks cover A Texas stevedore has sued steelmaker ArcelorMittal over damage to a bulker in Houston.
Capesize headed for Turkish fix A K-Line-controlled capesize bulker is poised to depart for a Turkish repairyard after touching bottom off Spain.
PB buys again Pacific Basin Shipping has taken its 2013 spending past $70m after picking up a resale once owned by Sanko, brokers say.
Greek cape for SwissMarine SwissMarine has taken an Angelicoussis capesize on a potential one-year contract, brokers say.
Two more years India Ratings has weighed in with more maritime pessimism by saying shipping is unlikely to recover before 2015.
Oldie joins wind rush Another ageing offshore support vessel has exited the North Sea market for a new career in the wind energy business.
Battle back to blank Dry-cargo newbuilding prices need to rise by up to 20% for yards to stop burning cash on the contracts, DNB Markets says.
Diana pens panamax deal Diana Shipping has locked a panamax bulker into a contract running for almost two years.
Mermaid extends barge Mermaid Maritime has secured a contract extension for an accommodation barge in Indonesia.
Three crew kidnapped Three seafarers have been taken hostage from a Carisbrooke Shipping cargoship off West Africa.
"Like watching Titanic" The former chief engineer of the Queen of the North has told a Canadian hearing that watching the vessel sink beneath the waves was like a scene from the film Titanic.
Seeking lots of pain We take a look at what was said in the market over the past week.
Ro-paxes for Hainan China's Hainan Strait Shipping has returned to Guangzhou Shipyard International (GSI) for two more ro-paxes.
Livanos adds six at SHI Peter Livanos' GasLog has returned to Samsung Heavy Industries with a newbuilding order potentially stretching to six vessels.
Kuribayashi back to black Kuribayashi Steamship has returned to the black in the nine-months to 31 December.
HSH wins auction cash Canadian mining company Cameco will not see a penny from the sale of a German cargoship involved in a costly uranium spill in 2011.
Deutsche cuts Hyundai A poor fourth quarter performance and questions about its ability to deliver on an ambitious order target have seen Deutsche Securities cut its rating on Hyundai Heavy Industries.
QGOG ices offering QGOG Constellation (QGOG) has been forced to put its planned Initial Public Offering (IPO) on ice because of market conditions.
RAL narrows it down German shipyards look likely to land a five-ship order from Greenland's Royal Arctic Line (RAL).
Germans blame 'Villy' TradeWinds digests the digits making the headlines this week.
Hyundai Mipo falls to loss Hyundai Mipo Dockyard has followed its compatriot Hyundai Heavy Industries in reporting a fourth quarter loss.
Rand earnings halved Great Lakes bulker owner Rand Logistics has seen profit halved as operating costs increased in the first nine months.
Toei turns a profit Japan's Toei Reefer Line has pulled away from the previous year's losses in the first nine months.
Blida crew triumph The crew of an Algerian bulker held off Somalia for nearly a year are to keep some of the proceeds of the vessel's auction.
Dong-A inks duo Hyundai Mipo Dockyard of Korea has added another couple of products carriers to its orderbook.
Maersk backs BWTS AP Moller - Maersk looks to have given its backing to a ballast water treatment system (BWTS) devised by compatriot DESMI.
Matson profits jump Matson, the Honolulu-based liner company, has booked a near ten-fold increase in fourth quarter profits.
Seatankers fixes first Seatankers, John Fredriksen's private shipowning arm, has fixed the first of its PSV newbuildings ordered in China.
Gladstone back in action Gladstone Ports Corp says it's two coal exporting terminals are now both back in full operation in the wake of Tropical Cyclone Oswald.
Crowley's christening What does Nina Glende Johnsen have in common with a 43,800-dwt product carrier named Florida?
Vos leaving Maersk Line The chief commercial officer of Maersk Line, Lucas Vos, will leave the company at the end of April. He will also vacate his position as a member of Maersk's Liner Management Board on the same date.
AAR: Railroads to spend $24.5 billion in 2013
Maersk, CMA CGM speed giant Asia-NA pendulum
U.S. Customs cancels TSN conference No reason was given by the agency for cancelling the Feb. 26-28 meeting in Baltimore, and there was no mention of alternative dates in the future, but a spokeswoman said CBP had difficulty securing a venue.
West Coast longshore clerks reject 16 contracts The harbor employers said in a statement "the ports of Los Angeles and Long Beach continue to operate normally." The rejection by union members, however, raises questions about the settlement that ended a strike that shut down the ports of Los Angeles and Long Beach last fall.
Hamburg Süd raising West Coast-North Europe rates
ATA: Truck crash measurement unfair The American Trucking Associations is trying to get crashes that the truck driver didn't cause or couldn't have prevented erased from the FMCSA's Compliance, Safety and Accountability monitoring system.
TQL offers freight monitoring app
New maritime caucus formed on Capitol Hill The Congressional Maritime Caucus' statement of purpose, included in a registration letter to a House administrative committee, says the group will be a "devoted ally to all components of the maritime industry."
IATA calls for security harmonization
Matson benefits from increased Guam volumes
International Shipholding reports higher 4Q profit
Week ends with firmer prices Demand was average on the US Gulf, according to local players.
Weekly global bunker market update A weekly price round up of bunkering hubs from around the globe.
WFS to host earnings call with management team Call is scheduled for Thursday, February 21 at 17:00 (Eastern Time).
Maersk Line Chief Commercial Officer resigns Company confirmed that a successor has not been decided yet, but 'the process has been initiated'.
San Diego port commissioners to review shore power project Project would allow vessels to 'plug in' and use electrical power from San Diego Gas & Electric, rather than run off diesel engines while at berth.
Tight avails in Fujairah Suez prices continues to soften.
Prices ended week on firm note But 380 cSt prices don't move in Gibraltar.
Four ships detained for illegal fuel transfers One of the transfers involved marine fuel.
Orion hires trader Company controls fleet of nine bunker barges.
No extension for 2015 sulphur deadline But shipowners will still pursue their case.
Tanker operator sceptical about 'eco-ships' 'We have seen nothing revolutionary so far,' says CEO of Marinvest.
Pirate attacks: 'Targeting MGO cargoes is lucrative business' 'It's now very dangerous for slow vessels with low freeboards to pass through piracy areas.'
Markets firming in Asian hubs Supplies in Busan were tight.
More bunker suppliers making arrests Three arrests made in Singapore in seven days.
Argentinian bunker prices begin to slide Surplus bunkers and no demand cause prices to drop.
Police patrols hit by rising prices Indonesian marine police feeling impact of high bunker prices.
Maersk modifies 5 vessels Modification 'will reduce fuel costs by approximately 8%'.
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