AirBridgeCargo Airlines operates first of a series of flights to Sochi One year before the Winter Olympics that will take place between 7 and 23 February 2014, AirBridgeCargo Airlines, the largest Russian cargo carrier and part of Volga-Dnepr Group, h...
Safety processes at Samedan airfield comply with Icao guidelines Safety processes at Samedan airfield (Switzerland) comply with the standards of the international civil aviation organisation (Icao). Switzerland's Federal Office of Civil Aviation...
Antalis gets new logistics director Antalis GmbH, a major distributor of communications support materials, has chosen Jan Stevens as its new logistics director. In that position Stevens will have a seat on the board ...
XTRA Lease adds new trailers to fleet XTRA Lease, the St. Louis MO (USA)-based provider of semi-trailer rentals and leases, has ordered more than 2,000 new trailers for 2013. The units include dry vans, reefers, flatbe...
Railfreight transport loses market share in Germany According to the latest figures published by Germany's Federal Statistical Office (Destatis), fewer goods were transported by rail in 2012. Destatis reported that the railway's tra...
Brazil's Brado Logistica augments wagon fleet Brado Logistica, a subsidiary of Latin American Logistics, has order 600 extra wagons from AmstedMaxion. The Brazilian transport provider Brado is thereby expanding its railcar fle...
Daimler Trucks expects worldwide truck sales to increase The German vehicle manufacturer Daimler Trucks sold 462,000 vehicles in 2012, 9% more than in the prior year. Revenue came to EUR 31.4 billion (+9%). Earnings were boosted by the p...
Boeing Shanghai celebrates door-cutting completion for first B737-300 PTF conversion Boeing Shanghai Aviation Services Co Ltd, a joint venture between Boeing, Shanghai Airport Authorities and China Eastern Airlines, held a door-cutting ceremony for the first Boeing...
Navitrans joins Project Partners network Turkey-based Navitrans Agency Services has become the new member of the Project Partners network. The latter is now represented in 68 countries with nearly 150 members' offices. I...
Geodis wins e-commerce logistics contract with Castorama The French company Geodis has won a call for bids issued by the DIY retailer Castorama. The work entails home deliveries of website orders in France. The new, three-year contract r...
Norbert Dentressangle secures warehousing contract with Ecolab The French service provider Norbert Dentressangle (ND) has been awarded a major chemicals warehousing contract with Ecolab, the global leader in water, hygiene and energy technolog...
LTE Transport renamed In Time Thermo Sprint LTE Transport, a specialist for temperature-controlled direct transport services, began trading under the name In Time Thermo Sprint, with effect from 1 February. The name change f...
Brazil takes contradictory approach to seafarers' ID Confusion remains over which ILO Convention is actually in force
In-house recruitment increases legal competition P&I clubs moving to attract best shipping legal talent
P&I Clubs urge correspondents to take out insurance International Transport Intermediaries Club emphasises the importance of adequate cover
LNG shipping was doing all right before Fukushima While Japanese demand sent rates stratospheric, the market had already been strengthening nicely
CMA CGM closes its financial restructuring French line looks ahead to an IPO after cutting a deal with banks and finalises an equity infusion worth $250m from FSI and Yildirim
One restructuring even Arntzen couldn't handle Former investment banker has decades of relevant expertise
Severance package and class action defence elicit curiosity after Arntzen exit Bankruptcy court could be stage for new issues
Oil and gas exploration highlights need for better ports in East Africa Can lessons be learnt from Nigeria?
Navios Acquisition sees revenues rise 24% in 2012 New York-listed tanker company has fixed 91.1% of available days this year already
Scrubber debate still a hot topic The cost of installing technology is steep - but ignoring the rules can be more costly
Sokhna goes back to work Labour dispute resolved at Egypt's Red Sea port
Putting a price on MISC The Petronas general offer for the remaining shares of MISC it doesn't already own has its supporters, plus a few detractors
Genmar hails 'exciting opportunity' for future growth Company sees two new tanker pools started with Unipec as the equivalent of growth through newbuildings or organic acquisitions
Strong performance forecast for intra-Asia box trades Asia to Europe volumes expected to return to modest growth
Mediterranean aframax market falls sharply Earnings for cross-Med voyages slashed by more than $1,500 overnight
Impaired The world fleet is not worth anything near as much as had hitherto been assumed
Carnival Triumph under tow off Mexico Cruiseship suffers engineroom fire
Danaos suffers impairment loss Coustas pessimistic on outlook
DryShips to sell further 3.8% of Ocean Rig Offering should gross more than $80m
Shell to tow drilling vessels to Asian yards SHELL told Fairplay today it will tow both vessels it had slated for Alaskan drilling this year to Asia for repairs
Arntzen resigns at OSG AT A CRUCIAL stage in OSG's extremely complex Chapter 11 bankruptcy, the tanker major's longtime CEO, president and director Morten Arntzen has resigned
Danaos books impairment charge on older ships NYSE-listed box ship lessor Danaos has booked a huge impairment charge related to its older tonnage, citing the weak spot market and slumping vessel values
Cargotec to move MacGregor to Singapore CARGOTEC, the Finnish port equipment maker, today said it would move its MacGregor unit to Singapore, while issuing disappointing 2012 financial results
Global box trade flatlined THE GLOBAL volume of sea containers, predicted during 2012 to be likely to rise 5% year on year, instead virtually flatlined
Groups that 'move the needle' sought INVESTOR interest is rising in shipping groups that operate fuel-efficient vessels and have sufficient financial strength for serious growth plans, an Oslo analyst has pointed out
NCL trumps rival yields NEWLY listed NCL has reported profits and industry-leading yield growth in its debut quarterly report as a public company
CMA CGM finishes debt restructuring CMA CGM said today that it has agreed with its banks on refinancing debt totalling €280M ($375M) due to come to maturity this year
US Steel Exports Extend Decline in December U.S. steel exports continued their slump in December 2012, down both year-over-year and month-to-month. They fell 2.9 percent compared with November and 19.3 percent compared with December 2011, according to government data. In November, steel exports had declined nearly 16 percent from the level seen in October. "Steel exports softened at the...
Walgreens to Upgrade Material Handling at Distribution Centers Walgreens is upgrading the system that manages material-handling vehicles at more than a dozen distribution centers across the United States. I.D. Systems, which provides wireless solutions for managing enterprise assets, has received a series of purchase orders from the drugstore chain for its PowerFleet wireless vehicle management system. The new system will...
TTS Merges With Walsh Transportation Group Third-party transportation and logistics provider TTS is merging with Walsh Transportation Group. Walsh Transportation Group, which is based in Exeter, N.H., has an asset-based trucking division, Atlantic Distribution Services, as well as a logistics segment, WTG Logistics. The merger is line with Dallas-based TTS's expansion strategy....
Union Pacific Names Betsworth Intermodal VP Class I railroad Union Pacific has promoted Kate Betsworth to vice president of intermodal operations. Betsworth will direct UP's intermodal facilities and network operations and will be responsible for meeting customer service requirements for the segment. She has more than 18 years of experience with UP and most recently served as...
Judge Rules in Favor of Port Mackenzie Rail Extension U.S. District Judge Ralph Beistline has denied environmental groups' request to block construction on the Port Mackenzie Rail Extension, a 32-mile link from the main line of the Alaska Railroad to Port Mackenzie in Alaska. Cook Inlet Keeper, Sierra Club and Alaska Survival objected to the U.S. Army Corps' decision to...
Indian Railways' Freight Traffic Rises 6.4 Percent Indian Railways hauled 92.6 million metric tons of revenue-earning freight in January, up 6.4 percent from the total in January 2012. For the 10 months from April 2012 to January 2013, Indian Railways reported 827.9 million metric tons of revenue-earning freight traffic, up 4.6 percent from the total hauled from April...
XPO Logistics Acquires East Coast Air Charter XPO Logistics has acquired the operating assets of East Coast Air Charter, a third-party logistics business specializing in expedited air charter brokerage. The cash purchase price was $9.25 million, with no assumption of debt, excluding any working capital adjustments. XPO Logistics said the acquisition is expected to be immediately accretive to earnings....
Hapag-Lloyd Hikes Asia-Americas Rates Hapag-Lloyd will increase rates on its trade route from East Asia to Mexico and the west coasts of Central America and South America. The German ocean carrier said rates will go up by by $500 per 20-foot-equivalent unit, effective March 15....
ACI Figures Show Air Freight Decline More than half of the world's top freight airports saw traffic declines last year, according to the latest figures from Airports Council International. Total freight movements contracted 0.2 percent last year compared to 2011, with the 0.4 percent expansion in freight tonnage experienced on domestic routes overwhelmed by the 0.7 percent...
Cosco Announces Senior Appointments Liu Hanbo, president of Cosco Americas, has announced two appointments within management of both Cosco Container Lines Americas and its parent company Cosco Americas. Timothy E. Marsh Timothy E. Marsh has been promoted to executive vice president of Cosco Container Lines America and will head the trade division. He was formerly the...
Tom Dowd, Port Industry Consultant and Academic, Dies Funeral services will be held at 10 a.m. Saturday at St. Bridget Parish in Seattle for Tom Dowd, a port industry consultant and professor at the University of Washington. Dowd died Friday after a short illness. Dowd combined a background in naval intelligence and the financial world with a keen interest...
CenterPoint Buys Barnes & Noble's Primary DC Barnes & Noble's facility was sold to CenterPoint Properties. Commercial real estate services firm Cushman & Wakefield has arranged the $83 million sale of bookseller Barnes & Noble's primary distribution center, a 1.1 million-square-foot facility situated on 73 acres in Monroe Township, N.J. The seller, a pension fund advisory firm, was represented...
Asian Container Volumes Drop Asia's total containerized trade volumes saw both exports and imports contract year-on-year in 2012, according to the latest figures from Container Trade Statistics. Excluding intra-Asia shipments, exports from Asia fell 0.86 percent to 44.7 million 20-foot-equivalent units, while imports dropped 3.35 percent to 21.6 million TEUs. After seeing year-on-year growth in the...
US Agencies Seize Lead-Contaminated Toys in Puerto Rico U.S. Customs and Border Protection officers and Consumer Product Safety Commission investigators have seized multiple shipments of nearly 30,000 toys imported into the Port of San Juan in Puerto Rico. The toys contained levels of lead that exceeded legal limits, the agencies said. The total domestic value for the shipments is...
Jim Brieger, Veteran Maritime Executive, Dies at 76 Jim Brieger, 76, a longtime executive in the maritime industry, died on Feb. 4 in Roanoke, Va., from heart-related issues. Brieger had 40 years of industry experience in senior management roles for ocean carriers such as Sea-Land, Crowley Maritime, Westwood Shipping Lines, Amazon Line and Century Bridge Container Line. He also...
UP Puts Cold Cash Into Reefers For the first time in a decade, a U.S. railroad is adding refrigerated railcars to its fleet. Union Pacific Railroad is receiving the first of 225 72-foot boxcars it ordered from Greenbrier Industries. The mechanical reefers cost about $270,000 each, making it a capital investment of about $60.8 million, but the...
TT Club Sees Rise in Logistics Innovation London-based TT Club, an insurer that provides cargo, property and liability coverage to freight forwarders and logistics companies, reports that innovation in the logistics sector is on the rise. The company has observed that the adoption of technology capability and tailored supply chain processes is increasing, trending away from rate-driven commoditization. "Many...
SDV Opens Branch in Colombia SDV has opened SDV Colombia in the capital city of Bogota. In the last four months, the supply chain management company also opened branches in Norway and Switzerland. SDV already has South American offices in Argentina, Brazil, Chile and Uruguay. SDV Colombia plans to focus on the oil and gas, mining, aerospace...
IATA Appoints Shane as General Counsel The International Air Transport Association has appointed Jeffrey N. Shane as general counsel. Shane will start on April 2 and will be based at IATA's headquarters in Montreal. He succeeds Gary Doernhoefer, who is leaving IATA. He joins IATA from the law firm of Hogan Lovells US, where has been a partner...
Rio Tinto Welcomes Regulator's Decision to Block Third-Party Access Rio Tinto, a British-Australian multinational metals and mining corporation based in London, has applauded the Australian Competition Tribunal's decision that its Hamersley and Robe rail lines in Western Australia should not be opened up to other users. Rio Tinto's railway, which is integrated with its port and mine operations, would be...
Sokhna back to work A labour dispute that shuttered the Egyptian Red Sea port of Sokhna last week, forcing many ocean carriers to divert their ships, has been resolved with the hitherto ...
Danaos suffers impairment loss Greek shipowner Danaos' 2012 results took a hit from a $129.6 million write-down on 13 of its fleet of 64 containerships that are either in lay-up or have short-term ...
US trade gap shrinks America's trade deficit with the rest of the world shrank to $38.5 billion in December to its lowest level in almost three years.Exports were up a month-on-month ...
Antwerp seals pact with Rosmorport Belgian port Antwerp, Europe's second-largest by total cargo volumes, has signed a five-year collaboration agreement with Russia's state port infrastructure organisation, ...
CSC slapped with fraud suit Changjiang Shipping Group Phoenix (CSC Phoenix) of China has been accused of concocting an elaborate scheme to shield its assets from creditors.
Unipec dials Delta Unipec appears to have chartered another VLCC from Delta Tankers of Greece.
Legatum buys more Dubai investor Legatum has upped its interest in Scorpio Tankers after joining in its latest trip to the capital markets.
DAC readies renewal drive Danaos appears to be lining up the launch of a fleet renewal campaign following the sale of an ageing containership.
Pipavav selling again India's Pipavav Defence and Offshore Engineering is in talks to bring in another new investor.
Hansson aims high Herbjon Hansson has moved to silence critics questioning Nordic American Tankers' ability to expand.
SCF: rates will fall Russian owner Sovcomflot is predicting a fall in LNG rates from 2014 due to deliveries of unfixed ships.
More wind work for Siem Siem Offshore has made further inroads into the wind energy space with a $100m contract for a project in the Baltic Sea.
DryShips hikes offer DryShips has today placed more Ocean Rig shares on the table as it looks to strengthen its balance sheet.
Tasmania's shipping pledge Tasmania's opposition Liberal party is ready to underwrite a new direct containership service to Asia.
Polarcus deeper in the red Polarcus has deepened its fourth quarter loss despite seeing revenue soar thanks to a larger fleet.
DryShips slows drain DryShips decision to sell a further slice of its stock in Ocean Rig will slow the company's cash drain by only a few months, analysts say.
NNA shifts a gear Navios Maritime Acquisition has surprised the market after turning in a profit in the final quarter of 2012.
Krasnoye lines up tankers Russian shipyard Krasnoye Sormovo has agreed a deal to build two more tankers for Turkmenistan.
ITF urges IMO action The ITF union has called on the IMO to quickly adopt new measures to prevent a repeat of the lifeboat tragedy that claimed five lives on the Thomson Majesty.
Veteran ro-pax scrapped Bankrupt Finnish owner RG Line's 1983-built RG 1 ferry is being sent for scrap in Denmark.
Arctic charts FRNT march Frontline 2012 could soon dip its toe into the containership market as it looks to swell its stable of fuel-efficient vessels, a leading analyst believes.
NCL back in black Newly-quoted Norwegian Cruise Line (NCL) has overturned a losing last quarter in 2011 to report a profit in the final leg of last year.
Crew claims rubbished Greece's FreeSeas has hit back at claims by seafarers on a bulker in Colombo that they had not been paid for six months.
HHI wins Toisa newbuild Korea's Hyundai Heavy Industries (HHI) has won a breakthrough deal to build an offshore ship for Toisa of the UK.
CMA CGM closes out French container line CMA CGM has tied up the loose ends of a three-pronged financial restructuring that paves the way for an Initial Public Offering (IPO).
NAT's payout poser Nordic American Tankers was again under the microscope last night after a disappointing fourth quarter showing which saw it raid a credit facility to sustain even its reduced dividend.
VLs near record low A new record low rate is approaching for VLCC owners.
Limarko looks up Lithuanian reefer owner Limarko is expecting a better 2013 as the supply-demand balance improves.
New focus for Samsung Samsung Heavy Industries of Korea has said it intends to make subsea and wind power work core areas of its operations.
SH wins dredger deal Korea's SH Shipbuilding has announced a dredger order for an Iraqi shipowner.
BP nabs Freeport LNG Oil major BP has agreed a long-term deal to export LNG from the Freeport terminal in the US state of Texas.
Danaos ends on a loss Write downs on ship values have pushed Greek containership lessor to a $116.5m loss in the fourth quarter.
Costa costs irk Catlin Catlin is said to have criticised Italian authorities for insisting the wreck of the Costa Concordia be removed in one piece.
Arntzen exits OSG Morten Arntzen has resigned as chief executive of OSG with immediate effect, it was announced late Monday.
Volumes set to rise Container volumes coming into major US ports this month are expected to see a year-on-year rise of around 8.5%.
DRYS shaves ORIG stake George Economou's DryShips is getting ready to cash in a portion of its stake in offshore drilling spinoff Ocean Rig in a move that's caught many observers off guard.
DRYS shaves stake in ORIG Market questions motives and timing of DryShips' decision to offload shares.
CMA CGM restructuring 'before contemplating an IPO' The French liner said it has finalized a major financial restructuring launched last year. It also had estimated revenue of $16 billion in 2012 and carried 10.6 million TEUs.
XPO expands wings with East Coast Air Charter buy The truck broker had been offering expedited air charter services, carried out by East Coast, for a number of years, but as demand from its customers increased, company management decided to cut out the middle man.
COSCO Americas promotes Marsh, Finkel
UP taps Betsworth to head intermodal
Textainer shows robust growth in 2012
Demystifying Liner Shipping Webinar: Understanding how carriers manage capacity and schedules, February 14, 2013, 11 AM EST This 60-minute session will explore how carriers manage capacity on their core trades, the impact of the new class of super-size vessels on those efforts, and tools you can use to track these developments.
Harley Davidson rides with Procurian
Pacer reports 'much improved' quarter
Philadelphia port sees 10% rise in cargo
Washington Notebook: CBP updates The agency recently announced that mutual recognition between C-TPAT and the European Union's AEO program was fully implemented Jan. 31. Also, later this month, CBP will be able to publish seizure and forfeiture notices on the Internet...
SDV opens Colombia office
ABB buys container port technology provider The power and automation technology company ABB has acquired San Diego-based APS Technology Group (APS), which develops and markets vision-based solutions for the port industry.
Maersk to switch an Asia-U.S. East Coast string from Panama to Suez canal
Australia predicts air, road employment growth
WTS in Houston aims at offshore market
Russia suspends U.S. meat imports "The United States calls on Russia to restore market access for U.S. meat and meat products immediately and to abide by its obligations as a member of the World Trade Organization," U.S. trade officials responded.
NYK recognised for environmental initiatives Company highlighted its Innovative Bunker and Idle-time Saving project, which aims to achieve optimal economic ship operations.
Small-scale LNG tech firm targets bunker market UK-based firm says technology is 'energy efficient and low cost'.
Prices firm in Fujairah, soft in South Africa 180 cSt biggest riser, up by $3 a tonne.
Prices show losses across Europe Congestion reported at Gibraltar.
Danish supplier builds up barge fleet New addition will bolster company's Great Belt operations.
'Bunker Prize' competition heats up First master dubbed 'the energy minister' and his team narrowly win after documenting big boiler fuel savings.
DNV: Reducing shipping's CO2 emissions 'technically feasible' New system claims 'up to 65%' reduction in CO2 emissions.
Bunker prices up in Busan, Tokyo Busan's prices for benchmark 380 cSt averaged $689.50 pmt this Tuesday.
High hopes that methanol will be included in IGF Code Sweden sees no reason for delay and has 'wholehearted support' from shipping organisation.
Argos expands bunker team Michael Schaap will be heading the sales team.
Tavlarios to make presentation tomorrow Company president will be speaking at BB&T Capital Markets in Florida.
New rules proposed for sailing under Bay Bridge Guidelines may be adopted Thursday.
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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