IDS: transport industry increasingly impacted by infrastructure Partners of the German general cargo alliance IDS Logistik transported a total of 11.2 million shipments and around 3 million t of goods and generated sales of EUR 1.7 billion in 2...
CSX earns EPA 2013 climate leadership recognition The rail service provider CSX has won a US Environmental Protection Agency (EPA) 2013 climate leadership award in the goal achievement category. The award recognizes CSX's 8% volun...
Above average decrease for cargo traffic in Europe According to Eurocontrol, the European organisation for the safety of air navigation, the average number of flights per day in Europe was 26,100 last year, a decrease of 2.67% comp...
ABC adds third weekly service to Milan AirBridgeCargo Airlines (ABC), Russia's largest international cargo airline and a part of Volga-Dnepr Group, has increased its flights from Moscow to Milan (Italy) to three times a...
Swiss haulage firm adds Euro 6 truck to fleet Giezendanner Transport AG, headquartered in Rothrist (Switzerland), has received its first MAN Euro 6 truck. The Swiss family-owned haulage company is boosting its fleet by eleven ...
Greece: new cargo line inaugurated A new railway track between the Greek container terminal in Neo Ikonio, near the main port of Piraeus, to the Greek main logistics hub Thriasio Plain, was inaugurated last week, ac...
Hellmann takes over Kunze The German logistics company Hellmann Worldwide Logistics took over the freight forwarding company Kunze, all its subsidiaries in Bielefeld, Dresden and Karlsruhe (Karlsdorf), and ...
President of Compagnie Tunesienne de Transport also Member of Cabinet Jamel Gamra, the president of Compagnie Tunesienne de Transport (CTN), has become a minister of the new Tunisian government. From 8 March, he took charge of the country's ministry ...
Martin Bencher opening new office in Sydney Denmark-based Danish Martin Bencher Group is opening a new office in Sydney (Australia) on 1 April. Josefin Ahlgren, Martin Bencher's former quality manager, will manage the new lo...
Swiss WorldCargo launches Swiss °Celsius Passive Swiss WorldCargo, the airfreight division of Swiss International Air Lines, has launched Swiss °Celsius Passive, an enhanced solution for passive temperature-sensitive shipments. I...
DP World is UAE's terminal operator of the year DP World, UAE Region, has won the title "terminal operator company of the year in the UAE" at Frost & Sullivan's Annual Growth Excellence Awards. The award was presen...
Port of Rotterdam improves financial results The Port of Rotterdam Authority posted a net result of almost EUR 228 million in 2012, an increase of nearly 17% compared to 2011. The favourable result was due to rising lease in...
German transport minister defends Kiel Canal closure Germany's federal transport minister, Peter Ramsauer, has rejected the maritime shipping industry and logistics associations' complaints about the two-week closure of the Kiel Cana...
$100M in fuel cargoes reach Syria SYRIA was reported today to have received more than $100M in fuel cargoes already this year
COSCO selling logistics unit SHANGHAI and Hong Kong-listed China COSCO said it plans to sell full control of COSCO Logistics to parent COSCO Group
Greeks hold 235 in people smuggling cases GREEK officials are holding 235 people in migrant smuggling attempts from the past week
Wan Hai sees rate rises from Asia TAIWAN'S Wan Hai Lines said today it would seek higher rates on dry cargoes originated from Asian countries as of 15 March
AOD issues 20M shares ASIA Offshore Drilling said today it has issued 20M new shares to raise $100M for newbuildings
Box volume rises y/y GLOBAL containerised trade in January rose by 156,124teu year on year, Container Trade Statistics said today
Box ships weather KG financing downturn CONTAINER shipping has managed to replace German KG financing with traditional and new funding sources for continued fleet growth, according to an analyst's report
DFDS weighs bond issue DFDS, the Copenhagen-listed ferry and logistics group, said today it might issue a senior unsecured bond on Oslo's market with five year maturity
Gazprom cuts its gas export pricing GAZPROM is cutting its export pricing for natural gas shipments to Europe to revive weakening demand
Gothenburg/Killingholme loop for ro-ros closed NORTH Sea RoRo said today it has halted shipping operations
Marshall Islands approves leasing law THE PARLIAMENT of the Marshall Islands has passed a law giving greater collateral protection to financing charters
Shin Yang turns to losses MALAYSIAN shipowner and builder Shin Yang Shipping posted losses of 12.8M ringgit ($4.1M) in its second quarter, ended 31 December 2012
VLCCs rates tick up VLCC RATES made marginal gains last night as chartering activity stayed firm amid growing resistance from owners
Korean vehicle exports fall SOUTH Korean vehicle exports dropped 21.9% year on year in February, when production fell 19.8%
Indonesia coal exports rise INDONESIAN coal exports climbed 11.8% year on year in January to reach 24.1M tonnes
Italy Refuses to Return Vessel Guards Accused of Killing Indian Fishermen The Italian foreign ministry on Tuesday said it will not send back two ship guards charged with the killing of Indian fishermen off the Kerala coast in February 2012, dealing a severe blow to the trial process initiated by the Indian Supreme Court. Following an appeal by Rome, the Supreme Court...
ANA, JAL International Cargo Volumes Up in January Japan's All Nippon Airways Co. said that its international cargo volume grew for the 12th consecutive month in January on a year-on-year basis, soaring 22.6 percent to 44,687 tons. ANA's domestic cargo volume also rose for the fourth month in a row in January on a year-on-year basis, increasing 7.5 percent...
Tacoma Shut Down After Longshore Fatality Cargo-handling at the Port of Tacoma ceased Tuesday afternoon as longshoremen mourned the loss of a crane mechanic. Scott Mason, president of International Longshore and Warehouse Union Local 23, said the 46-year-old mechanic was performing routine maintenance work "when something went wrong." The mechanic had been a member of ILWU Local...
Nehru Port Aims to Raise $370 Million in Bond Sale The Port of Jawaharlal Nehru (Nhava Sheva), India's largest container handler, plans to raise up to Rs. 2,000 crore (approximately $370 million) by selling tax-free bonds to help pay for capacity expansion projects. "The net proceeds will be primarily used for dredging works to deepen and widen the Mumbai harbour channel...
DB Schenker Relocates Terminal in Poland DB Schenker Logistics has opened a new cross-docking terminal in Pruszcz Gdanski in the greater Gdansk area in Poland. The new facility links Gdansk, Gdynia and Sopot in Poland. The terminal includes a storage area of 4,500 square meters (about 14,764 feet) and an office of 2,789 square feet. The previous terminal...
Profit Soars at Oman's Port of Salalah Oman's Port of Salalah reported profit in 2012 of 7.1 million rials (about US$18.4 million), a jump of 200 percent compared with 2011's $6.2 million. Annual revenue was $149.4 million, increasing 15 percent from $129.4 million in 2011. The container terminal at the port handled 3.6 million 20-foot-equivalent units in 2012, rising...
Hanjin Logistics Expands in Vietnam, India Hanjin Logistics has opened new offices in Ho Chi Minh City and Hanoi in Vietnam and Mumbai, India, to expand its third-party logistics network. Hanjin Logistics Vietnam launched in 2008 as a business unit of Hanjin Shipping, and Hanjin Logistics India launched in January 2013....
Wan Hai Lines to Raise Rates on Asia Cargo Wan Hai Lines will increase rates for all cargoes originating from Asia, starting March 8, Taipei Times reports. For cargo originating in China, Hong Kong, South Korea and Southeast Asian countries and bound for other Asian destinations, the increase will be $50 per 20-foot-equivalent unit and $100 per 40-foot-equivalent unit or...
USTR Seeks Proposals on Customs Duties Under Colombia Pact The Office of the U.S. Trade Representative is seeking proposals on whether the U.S. and Colombia should accelerate the elimination of customs duties set out in their respective tariff schedules under the U.S.-Colombia Trade Promotion Agreement Implementation Act, and whether they should make further changes to the agreement's rules of...
US Expands Duty-Free Zones Under Israel Trade Pact The U.S. Trade Representative has modified the designation of Al Minya, Alexandria, Beni Suief, Central Delta, Greater Cairo and Suez Canal zones in Egypt under the U.S.-Israel Free Trade Area Implementation Act to allow all facilities in these zones to potentially export goods duty-free to the U.S. The modification would also...
Globe Express Services Names Huber North American President Globe Express Services has appointed Oliver Huber as president of its North America business, effective March 18. Huber, who currently resides in Charlotte, N.C., where the logistics company's headquarters is located, will assume responsibility for the U.S. and Canada operations, reporting to Michael C. Hughes, GES president and CEO. For the past...
China Cosco Plans Sale of Logistics Subsidiary to Cosco Group China Cosco Holdings has preliminarily proposed to sell 100 percent of its directly owned subsidiary Cosco Logistics to its controlling shareholder China Ocean Shipping (Group) Co. The board of directors has approved beginning related processes, but details of the proposed transaction are still in negotiation. China Cosco Holdings expects that if the...
Warm Weather Boosts US Highway Construction The real value of highway construction in January rose 4.3 percent compared with the same month in 2012, according to the latest analysis of U.S. Census Bureau data by the American Road & Transportation Builders Association. "With warmer than average temperatures across the country, many contractors were able to get more...
YRC Freight Notifies Union of Proposed Changes RC Freight has mailed a proposal for a new set of network changes to Teamsters union leadership. This is the second round of network changes proposed by the less-than-truckload carrier to reduce shipment handling and damage, improve lane density and speed up service. The first round took effect last year. "By realigning...
Saudia Cargo, Fast Forward Cargo Team Up for West Africa Service Saudi Airlines Cargo has renewed its contract with Fast Forward Cargo and will team up with them to increase air cargo frequencies to West Africa from Dubai World Center in the United Arab Emirates. The partnership will operate the equivalent of 175 combined B747 flights between the UAE and West Africa,...
Indian Railways' Freight Traffic Rises 4 Percent Indian Railways reported its revenue-earning freight traffic from April 2012 to February 2013 was 911.53 million metric tons, increasing 35.93 million metric tons, or 4.1 percent, from the same period in the previous year. In February, revenue-earning freight traffic carried by the Indian state-owned enterprise was 83.60 million metric tons, down 0.16...
Southern California Logistics Centre Adds Tenant Southern California Aviation and Vivant Solar sign leases at Southern California Logistics Centre.Stirling Capital Investments has secured two new leases at the Southern California Logistics Centre, a 2,500-acre industrial and commercial complex in Victorville, Calif. Southern California Aviation, a long-term tenant, signed a one-year expansion into additional facilities of 10,161 square...
China's Share of US Import Market Slips China, while still the undisputed leader in supplying apparel, footwear and furniture to the U.S., is seeing its market dominance diminish because of annual double-digit wage increases in those industries. Meanwhile, low-wage countries in Southeast Asia and Latin America are steadily increasing their share of U.S. apparel, footwear and furniture imports,...
Global Steel Demand Weakened in January U.S. steel exports in January reached 1.077 million tons, rising 11.2 percent from December 2012, according to U.S. government data. "Exports increased in January compared to December on the strength of exports to our (North American Free Trade Agreement) partners in January, while exports to all other regions declined on a...
US imports expected to increase in March despite sequestration CONTAINER imports at US ports in March are expected to post year-on-year growth despite warnings of delays of up to five days at ports because of sequestration.The ...
Nearly 150 voyages blanked on transpac and Asia - Europe
China Cosco Holdings to sell logistics arm to sidestep stock suspension
Brussels ends post-conference guidance for box lines SHIPPERS have welcomed the European Commission's decision last month to end regulatory guidelines for container lines that have been in place since 2008, when ocean ...
Zim to add second New York call to ZCA Israeli shipping line Zim will add a second call in New York to its Mediterranean-US east coast ZCA service to complement the existing westbound call.Zim said the ...
GSL puts faith in CMA CGM New York-listed containership charter owner, Global Ship Lease, which retains French ocean carrier, CMA CGM as a significant stake holder, has agreed with its lenders ...
Frontline comes clean Frontline has emerged as the latest target of a US Securities and Exchange Commission campaign aimed at alerting investors about issuers that have conducted business with Iran and other nations subject to US sanctions.
Klaipeda gets upgrade funds Nordic Investment Bank has agreed to lend EUR 44m ($57.3m) towards the revamp of Lithuania's Klaipeda Port.
DFDS seals bond deal Danish ro-ro owner DFDS has completed a bond issue worth NOK 700m ($122.5m) in Oslo.
Surf's up for Scorpio Pareto Securities has initiated coverage of Scorpio Tankers with a buy rating amid the expectation a growing eco fleet and an improving market will see its profit increase in the years ahead.
ICTSI pushes up profit International Container Terminal Services Inc (ICTSI) of the Philippines has posted a 10% rise in 2012 earnings.
Crewman hurt on ferry A seafarer has suffered a broken leg as heavy seas prevented an Irish Ferries vessel from docking in France.
Gulf Island reverses gain US shipbuilder Gulf Island Fabrication declared a dividend Tuesday after turning in a fourth-quarter loss.
CCM keen on Stealth A possible nine-figure expansion arsenal coupled with a leading position in an improving market has seen StealthGas win a favourable rating from Clarksons Capital Markets.
Statoil books a dozen The North Sea platform supply vessel (PSV) market was said to be "on fire" on Tuesday as more Statoil term bookings were revealed.
Two thirds to Dubai Two thirds of the dry-cargo FFA desk at John Banaszkiewicz's FIS will decamp from London to Dubai as part of a plan to get closer to its core physical markets.
DCI eyes newbuilds Dredging Corporation of India (DCI) wants to boost profitability by ordering bigger dredgers.
Algoma earnings cut Canada's Algoma Central Corporation has turned in a lower profit for 2012 as revenue shrank.
Torm's fortune teller? DNB has delivered a bleak view of what life could hold for Torm investors now it is under bank control.
AOD raises $100m John Fredriksen's Seadrill has invested in a $100m share issue by Asia Offshore Drilling.
Ferry sunk by waves? A Philippines ro-ro ferry has sunk after being hit by the wake from a passing cargoship, its captain claimed.
Better selling bulk? China Cosco's efforts to sell its logistics division to fight back into the black have met with a negative reaction in the market.
Lexie guards "won't return" Protests have begun in India as two marines charged with shooting dead two fishermen from a tanker look set to stay in Italy.
Keppel losses Ukraine deal Keppel Corp has lost out on a lucrative contract to build a pair of semi-submersible drilling rigs.
TTA hunts tonnage Thai bulker owner Thoresen Thai Agencies (TTA) is pursuing ship acquisitions after selling out its share issue.
STX PO bids open STX Group has taken a step forward with the sale of its controlling interest in loss-making STX Pan Ocean.
SBM settles up SBM Offshore has reached a financial settlement with Talisman Energy over its troubled YME platform.
FIS shifts dry to Dubai John Banaszkiewicz's FIS is shifting its dry-cargo FFA trading desk from London to Dubai as part of its expansion plan in the Emirate.
Havila sheds RRV Havila Shipping has freed up cash with the sale of one of its oldest vessels.
Western vies for vessels Lithuania's Western Shipyard is bidding to build environmentally friendly ships for Kazakhstan.
DFDS mulls bonds Danish group DFDS is eyeing a bond issue in the hot Norwegian market.
Korea coughs up cash The Korean government is backing the building of 70 new coastal cargoships.
Gibson avoids the worst Gibson Shipbrokers looks to have escaped 2012 largely unscathed from the woes affecting large parts of the shipping industry.
Esther C trio freed Three officers kidnapped from a general cargo vessel off Nigeria last month have been freed, the ship's owners have confirmed.
More time for Box Ships Box Ships has secured more breathing space to repay an outstanding loan from major shareholder Paragon Shipping.
Japan's No 1 supplier Australia has emerged as the largest supplier of LNG to Japan - the world's largest user new research shows.
NEWSFLASH: ILA delegates approve, in principle, master contract Wage scale delegates for the International Longshoremen's Association on Tuesday approved, in principle, the proposed aspects of master contract for its dockworkers on the U.S. East and Gulf coasts.
Tyler lays out air cargo priorities at IATA conference Tony Tyler, IATA's head, told an industry gathering the only way to move air freight forward is to modernize processes, secure the supply chain, follow dangerous goods regulations and commit to environmental sustainability.
Air Transport Services Group merger complete ATI, which is based in Little Rock, Ark., has a fleet of 13 aircraft, consisting mostly of freighters and three combi planes. The company previously announced that it has no plans to purchase planes in 2013.
Korean registry adds app
Cass: Line-haul rates increase
COSCO sells logistics unit to sister company
U.S., Taiwan TIFA talks back on track "The resumption of TIFA talks between Taiwan and the United States represents a new stage in our economic relationship that will more fully open the lines of communication on trade and investment," said a U.S. trade official.
MIQ sets up in Laredo
Institute expands CPSM eligibility
Washington Notebook: Federal update, fake handbags
DHL builds up UAE operations
European shippers hail end to special treatment for shipping The European Shippers's Council said it welcomes a decision by the European Commission to end guidelines that gave the liner shipping industry special treatment under European antitrust law.
EU starts discussions on clean power for transport Topics include fuelling stations for gas-powered ships at EU ports.
European MGO shortage expected in 2015 Problems related to transition to LSFO in European ECAs may prove to have been a 'storm in a teacup' compared to what lies ahead.
Confusing signals from Fujairah market Avails remained tight in the UAE bunkering hub.
Prices lack direction in Europe Congestion reported at Gibraltar.
More container lines could switch to Suez Canal Analyst says other lines could follow Maersk's example and start routing vessels away from the Panama Canal.
Venezuelan election could impact Asian fuel market China could see a cut in Venezuelan exports.
STX Pan Ocean stake to go via public tender Bids in by end of the month.
Bunker prices still sliding at most Asian ports Only Singapore saw prices firming.
FIS sets up shop in Dubai Bunker and dry bulk futures broker says move puts company closer to Asian market.
Vopak to study possibility of new Long Beach terminal Firm given approval to go ahead with the study by the Long Beach Board of Harbor Commissioners.
Cloud-based bunker fuel procurement system launched 'More efficient procurement management methods will become absolutely vital.'
Bangladeshi yard to deliver naval bunker tanker The 270-foot long bunker tanker will be able to carry 2,400 mt of fuel, according to officials.
Kerala mulls LNG as primary marine fuel Authorities considering a pilot project.
Belgian port completes cold ironing study Cold ironing system a 'heavy financial investment,' says Zeebrugge port authority.
Singapore-based firm appoints new bunker trader Sophie Kim has started her new role at I&C International.
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