Air Madagascar reduces services to Asia The southern African carrier Air Madagascar is cutting its services to Asia today (14 February), as it is reducing its Antananarivo-Bangkok-Guangzhou operation from three to two we...
Lufthansa with 1,000 t of roses on board Lufthansa Cargo is flying millions of red roses on fully-laden freighters to Europe in time for bumper sales at high-street florists on today's Valentine's Day. Over the last few...
Poland's airfreight volumes shrinking again Poland's airports had to cope with a 1.5% shrinkage in airfreight in 2012, the year in which the country and Ukraine co-hosted the European football championship. According to the ...
Volvo: decrease in truck market in Europe and Brazil/growth in North America and Japan The Volvo Group delivered a total of 58,626 trucks in Q4/2012, 15% less than in Q4/2011. Last year, sales of heavy-duty trucks in Europe 28 (EU minus Bulgaria plus Norway and Swit...
CMA CGM offering new connection to Russia The French shipping company CMA CGM and its partner Fesco-ESF are adding the Russian port of Ust Luga to their loop D sailing schedule. In the near future a weekly scheduled contai...
Safmarine MPV appoints Royal Burger Group as Benelux liner agent Safmarine MPV, which was established in January 2013 in Antwerp (Belgium) as an independent business within Denmark's A.P. Moller-Maersk Group, has appointed Royal Burger Grou...
IRU: TIR system is best tool for ensuring traceability and security The TIR international transit system, established by the United Nations TIR Convention in 1959 and revised in 1975, is the only truly global customs transit system, providing trade...
Viking train sees 100-fold increase in cargo volumes The volume of cargo transported by the Viking train has increased more than one hundred-fold since it was launched on 6 February 2003. A total of 58,900 20ft containers were hauled...
Bulgaria: ERTMS contract awarded Bulgarian National Railway Infrastructure Company (NRIC) has awarded a contract to install ERTMS on the country's 133 km Sofia - Plovdiv line to the consortium of Thales Austria an...
Iata names new general counsel The International Air Transport Association (Iata) has appointed Jeffrey N. Shane as general counsel. Shane will start working with the association on 2 April 2013 and will be base...
New CFO for Asco Group The Asco Group, an international oil and gas services company, has selected Mark Walker as its chief financial officer. Walker was formerly the group finance director for Charger E...
JF Hillebrand provides white-glove service for exclusive wine collection JF Hillebrand, a leading logistics provider to the global beverage market, recently managed the transportation of a highly-valuable consignment of one of Australia's most prestigio...
TNT Post and Hermes: new delivery alliance in Germany The mail service provider TNT Post and parcel carrier Hermes have launched a new strategic sales partnership in Germany. The two companies said the alliance would mean business cus...
Michael Schächer is ACG Air Cargo Germany's new CEO ACG Air Cargo Germany has appointed Michael Schächer as its new CEO, effective immediately. The decision was taking at a meeting of the company's partners. Sch'cher previously held...
Eurogate applies for short time work in JadeWeserPort Wilhelmshaven The operator of JadeWeserPort in Wilhelmshaven, Germany's only deep water port, wants to reduce staff working hours, due to a dearth of containers, and has submitted the relevant a...
India drives demand for thermal coal shipments Shipping industry players hope nation's desires to become greener will not dent shipments
Closure at Jamnagar refinery highlights its growing influence Global tanker trades now turn on India's huge facility
FreeSeas puts reverse split into effect Handysize bulk owner bumps up share price under Nasdaq delisting threat
Gdynia prepares for growth as privatisation heads for completion Poland's Baltic Sea gateway to boost handling capacity for larger boxships
DCT Gdansk to handle 18,000 teu ships at a new terminal Plans to build second facility will raise Baltic hub's total box capacity to 4m teu
Russia's Asian exports boost aframax demand Demand from Asia and global politics have made Eastern Siberia prime for development
Cruise Lines International Association's response Clia's mission is to provide a 'safe and secure environment'
Well-known ghosts of maritime industry Lifeboat drills remain a dangerous area for seafarers
France set to pass new shipping legislation Bill upholds post-Erika principle of owner liability for pollution
Euroseas stalks attractive buying opportunities Owner puts first vessel in pool as bulkers start to come off supportive charters
Diana prevails at kamsarmax auction Shipowner snaps up former Deiulemar bulker for about $19.7m to add to dry bulk fleet
Early signs are positive for supply of product tankers, says BIMCO Total of 77 new ships entered fleet last year
Hyundai Merchant Marine doubles annual loss to $922m Operating losses widened to Won520bn
Chile boosts business for product tankers Trade from US to South America rises, reflecting growing energy requirements from developing countries
Trade makes shipping 'critical' to sustainable future Exclusive interview: Industry is force for good but must serve the world with far less CO2, maintains environmentalist behind SSI
Sam Kendall-Marsden's step by step guide to dealing with disaster What to do before, during and after an incident
How to survive a casualty Standard Club claims chief shares advice
Korea Line loses preferred bidder and faces delisting Hahn & Co pulls out over disagreement on debt guarantees
Perilous times for Korea Line Struggling company faces delisting unless it finds a rescuer
Latest pirate attack in Niger Delta indicates growing K&R risk Master and chief engineer of supply vessel Walvis 7 confirmed as hostages
Genmar's tanker deal of the century Tie-up with Unipec to form Unique Shipping pool gives hope to others like OSG
Shipping Corp of India reports $24m nine-month loss Container division ekes out a profit for the period
MOL extends presence in Burma Japan line sets up unit under permanent licence to explore further development
Wilh. Wilhelmsen sees 87% rise in full-year operating profit Despite rocketing profits, company still remains cautious about market growth
US regional talks remain in spotlight as ILA releases pay deal details Tentative draft shows union and employers in apparent harmony over wages and container royalties at US east and Gulf Coast ports
Countdown to catastrophe OSG's tax issue called a 'smoking gun'
Pittas sees 'challenging' 2013 at Euroseas NASDAQ-listed Euroseas today reported quarterly losses and warned of tough conditions ahead in both its drybulk and box ship markets
Röhlig's gross profits grow by 14% y/y RöHLIG Logistics, one of Germany's leading midcap ocean freight forwarders, today reported flat profits for last year but strong revenue growth
Ports buoyed by Obama THE US PORT sector has praised President Barack Obama's proposal for private investors to pay for improvements
Kochi strike settled A STRIKE was settled this evening at an Indian container terminal, Fairplay was told today
US docker deal outlined BONUSES paid to US East and Gulf Coast dockers will continue to be based on container weight for the next six years under a new labour accord
Box sector seen keeping eyes on the prize BOX LINES are likely to keep focusing on profitability rather than market share amid sustained weak demand growth, BIMCO predicted today
ABG's profits dive 60% INDIA'S largest private yard, ABG, today reported 60% year-on-year plummet in net profits for its October-December quarter
DSV buys Seatainers DANISH logistics and forwarding giant DSV has signed an agreement to acquire compatriot service provider Seatainers
Wilhelmsen warns of soft volumes in 1H13 NORWAY'S Wilh Wilhelmsen today predicted soft volumes in 1H13 but still expressed optimism about its long-term prospects
Mercator dragged down MOUNTING losses at its Singapore subsidiary Mercator Lines plunged parent Mercator of Mumbai into the red for its October-December quarter
Odfjell dragged to losses WEAKNESS in the chemical tanker market and continuing problems at its Rotterdam terminal dragged Odfjell to losses for its final quarter and full-year 2012
UPS, Jabil Team Up on Reverse Logistics Services UPS has formed a strategic collaboration with Jabil Circuit, an electronic product solutions company. UPS's logistics and distribution business unit and Jabil Aftermarket Services will provide reverse logistics solutions for return and repair programs for high-tech original equipment manufacturers, service providers and enterprises....
Lithium Ion Aircraft Batteries Banned as Cargo on Passenger Planes Pending the outcomes of investigations now being carried out in the U.S. and Japan, the president of the council of the International Civil Aviation Organization has provisionally approved an interim amendment that will prohibit the carriage of lithium ion aircraft batteries as cargo on passenger airplanes. The new amendment will rescind...
American Airlines, US Airways to Merge Both boards of directors at American Airlines and US Airways have approved a merger agreement that will combine the AMR Corporation carriers into a single unit, collectively worth about $11 billion, based on the price of US Airways stock as of Feb. 13, 2013. The combined airline will operate under...
Greatwide, Cardinal Logistics Complete Merger Dallas-based Greatwide Logistics Services and Concord, N.C.-based Cardinal Logistics Management have completed their merger. The combined dedicated contract carriage and logistics services provider now has more than 125 operating locations, specializing in grocery, bulk food, retail, metals and building products, across the U.S. and Canada. John Tague is chairman and CEO of...
LA-LB Container Volume Climbs The Los Angeles-Long Beach port complex began 2013 with a strong showing as the total container volume increased 5 percent over January 2012. Containerized imports increased 5 percent, and exports were up 1 percent over the same month last year. The news was especially welcome because the nation's largest port complex in...
BIMCO Optimistic on Container Trade Outlook U.S. demand for containerized imports is picking up and underpins hopes that it will soak up excess vessel capacity as the year progresses, Bimco said in its Shipping Market Overview & Outlook for February. "There is room for some optimism in the container ship business, as witnessed by the number of...
Watermelon Board Proposes Changes to Importer Membership Requirements The National Watermelon Promotion Board has recommended the elimination of the Watermelon Research and Promotion Plan importer membership condition that requires importers to import more than 50 percent of the total volume handled and imported in order to qualify as an importer member. The change would allow for additional parties to...
Sino-Global Reports Loss, But Results Improve Sino-Global Shipping America reported a net loss of $564,854 in the second quarter of fiscal year 2013, ending Dec. 31, 2012, improving from a net loss of $827,385 in the same quarter in the previous fiscal year. Quarterly revenue decreased 20 percent from $8.0 million in 2011 to $6.4 million in...
Weber Logistics, Aspen Logistics Form Alliance Weber Logistics and Aspen Logistics have formed an alliance, combining their warehouse and direct delivery networks in the western U.S. The third-party logistics companies now offer 6.5 million square feet of space across 19 distribution centers and a direct delivery fleet with freight transfer facilities in California, Arizona, Nevada, Washington, Oregon, Utah...
Vitran Sells Supply Chain Operations to Legacy Vitran Corporation has reached an agreement to sell its supply chain operation division to Legacy Supply Chain for $97 million, subject to certain working capital adjustments. The North American transportation firm intends to use a portion of the net proceeds from this transaction to reduce its outstanding debt under its senior revolving...
Globe Express Names Slotten SVP, Commercial Exec Christopher Slotten, Globe Express Service's new senior vice president and chief commercial officer. Globe Express Services has hired Christopher Slotten as senior vice president and chief commercial officer. He will join the company on March 1. In his new role, Slotten will focus primarily on leading the logistics company's global growth strategy...
Debating the Federal, State Role in Infrastructure If the Feb. 13 House Transportation and Infrastructure Committee hearing often seemed a pre-emptive strike against "devolutionists" seeking to shift control of the infrastructure purse strings to the states, that's because it was just that. New T&I Committee Chairman Bill Shuster, R-Pa., made it a point to trace the federal role...
South Carolina Ports' Chief Calls for New Way to Fund Dredging The U.S. government should establish a set of priorities for deepening of ports and harbors and create a new way of funding projects that make strategic sense for the nation's trade needs, according to Jim Newsome, president and CEO of the South Carolina Ports Authority. In a wide-ranging interview with The...
Prologis Signs Build-to-Suit Deals With BMW of North America Prologis has signed two build-to-suit agreements with BMW of North America totaling 609,000 square feet. The first facility, totaling 326,500 square feet, will be located in Redlands, Calif., in the state's Inland Empire submarket at Prologis Redlands Distribution Center 11. The facility will provide an expansion option for an additional 96,000...
Index Shows Trucking Capacity Tightened in December FTR Associates' Shippers Condition Index recorded a reading of -4.9 in December, reflecting tightening capacity, which is expected to get "significantly worse" by mid-2013. The SCI reading is expected to be about five points lower than the current reading by mid-summer, as transport costs will continue to rise as freight continues...
Union Pacific Names Regional VPs of Public Affairs Union Pacific Railroad has promoted Donna Kush to vice president of public affairs of the northern region, Brenda Mainwaring to vice president of public affairs of the southern region and Tom Lange to assistant vice president of corporate communications. Kush currently serves as assistant vice president of corporate communications. She joined...
DCT Gdansk hires Kwiatkowski The Polish box terminal DCT Gdansk has appointed Maciek Kwiatkowski as CEO to succeed Boris Wenzel in April.The port executive has 30 years of experience within ...
Maersk to switch canals on USEC loop Alphaliner reports that from April it is expected Maersk Line will re-route its TP-7 Asia - USEC service via the Suez - rather than through the Panama Canal as ...
Nordic states and Russia in High North transport plan In a landmark initiative, three Nordic states have entered into a formal joint plan with Russia to develop a co-ordinated transport strategy that focuses on all ...
TAL outlook good on carrier reliance Intermodal container and chassis lessor, TAL International Group, posted an 18.6% increase in full year profits last year, compared to the year before, at $130.1m ...
Regional negotiations remain in spotlight as ILA releases details of coastal wage deal Bargaining for local employment agreements at US East and Gulf Coast ports, particularly New York-New Jersey, remains the wild card in cementing a new six-year ...
Jade-Weser-Port puts 400 on short-time working Germany's newly-opened deepwater container hub JadeWeserPort is to put its 400-strong labour force on part-time working, a spokeswoman for the majority partner ...
ESEA outlines menu Euroseas is exploring the sale-and-purchase (S&P) market for opportunities to expand its fleet of containerships, according to chief executive Aristides Pittas.
Lunde eyes the end Prominent banker Dagfinn Lunde is preparing to take his age-mandated retirement from DVB Bank at the end of this year, he tells TradeWinds this week.
OSG loses pool boss The tanker market was reeling Thursday amid reports that embattled US tanker owner Overseas Shipholding Group has been hit with another high-profile departure.
OSG loses pool boss Kevin Wise called in to head Core Petroleum's fledgling management offshoot.
DSX wins Deiulemar auction Diana Shipping has emerged as the buyer of a kamsarmax bulker that was put up for auction by administrators overseeing the bankruptcy of Italian operator Deiulemar Compagnia di Navigazione.
Onassis sitting on $60m An investment in Peter Livanos-led GasLog is worth almost $60m to the Onassis Foundation.
Hat trick for STX OSV STX OSV has scored a Valentine's Day subsea threesome with Norwegian offshore shipowners.
Farstad back at STX OSV Farstad Shipping has dialled up STX OSV for a subsea construction newbuilding.
Excel doubles up Glencore has hired a second Excel Maritime vessel in as many days to continue a push in the panamax period market.
Farstad profit plunges Farstad Shipping suffered its worst final quarter in the past five years due to the faltering North Sea spot market.
Pittas a penny out Aristides Pittas-led Euroseas posted a marginally deeper than forecast loss in the fourth quarter as weak bulk and container markets left it in the red for the full-year.
Loss bigger at Belships Norwegian bulker owner Belships has hinted at potential newbuildings as it posted a wider loss for 2012.
Mermaid swings to black Thoresen Thai Agencies spin-off Mermaid Maritime has seen a change in fortunes thanks to the flourishing subsea services business.
Officers kidnapped The master and chief mechanic have been taken by pirates from an anchor-handler off Nigeria.
Silvia in crew row Bangladesh's Silvia Shipmanagement has been caught in the middle of a row over pay on a bulker stuck in India.
Valentine's Day split Troubled Greek bulker owner Freeseas is completing a reverse stock split in order to keep its Nasdaq-listing alive.
Samsung to get busy Samsung Heavy Industries of Korea is tipped to build order momentum in the first half of 2013.
Dof makes Harvey move Oslo-listed owner agrees term deal for Jones Act compliant newbuilding.
Dof makes Harvey move Dof Subsea has entered into a long-term charter deal for a rare Jones Act compliant offshore support vessel newbuilding.
Fortuna goes aground A Norwegian cargoship remains stuck off Denmark after two refloating attempts failed.
Eyes on Golden axe Knowing eyes will again be focused on potential newbuilding cancellations when Golden Ocean reports its fourth quarter earnings next week.
Bigger is better India's Shreyas Shipping & Logistics has made it back into profit after expanding its fleet last year.
Four for Femco Femco has turned to Sinopacific Shipbuilding for a quartet of anchor handling tug supply vessels.
Shadow turns SBM red SBM Offshore has seen one-off items push its bottom line into the red for the second year in succession.
KLC sale collapses The sale of bankrupt Korea Line Corp (KLC) has collapsed after debt talks failed.
Norwegians in CSV strike Solstad Offshore has returned to STX OSV for a new construction vessel after securing long-term employment for the ship with Reach Subsea.
SCI loss widens Shipping Corp of India (SCI) has posted a bigger loss for the first nine months as its tankers and bulkers racked up a deficit.
Dolphin nails fundraiser Dolphin Group has raised the funds needed to finance a facelift on a chartered in GC Rieber Shipping vessel.
Deeper red for Odfjell A poor chemical tanker market and difficulties at its Rotterdam terminal frustrated Odfjell in the fourth quarter of 2012.
Visemar orders ro-ro Visemar di Navigazione has returned to the newbuilding arena to order a new 'green' ro-pax ferry it has emerged.
Big miss for WW Wilh Wilhelmsen ASA has disappointed the market with a fourth quarter profit which came in a long way short of expectations.
Peel brings in Deniz UK group Peel Ports has brought in a bigger multipurpose (MPP) vessel for its Manchester Ship Canal service.
Korea plots yard project Korea's government has signed a deal to develop a port and shipyard in Equatorial Guinea.
China log imports improve China's log imports saw a recovery in volumes in the second half of 2012 after a weak first six months of the year, say analysts.
Uljanik falls to a loss Croatia's Uljanik is no longer the only profitable shipyard in the country.
CAI profits jump 35% CAI International looks to have had the best quarter amongst the public container lessor with profits up nearly 35%.
TAL profits inch up Higher costs have stopped increased revenues feeding through to the bottom line at container lessor TAL International.
Exmar eyes US LNG Exmar is teaming up with EDF Trading to jointly look for small-scale LNG export opportunities in North America.
Union finds holes in FAA's fatigue rationale The Independent Pilots Association has found that the federal agency overstated the costs associated with applying its new pilot-fatigue rules to cargo carriers by at least $175 million.
American, US Airways to form largest U.S. airline The boards of both airlines approved a merger yesterday after months of negotiation behind closed doors and endless speculation by the press. The merger is expected to be completed in the third quarter.
Wilhelmsen forecasts soft volumes in early 2013 "Auto volumes picked up from the previous quarter, supported by stronger export volumes from Korea. High and heavy shipping volumes, healthy in the first half year, slipped in the third and fourth quarters," the company's CEO said.
ICAO action bars plane lithium batteries These plane batteries are at the heart of an ongoing investigation by the FAA into problems with the new Boeing 787 Dreamliner. Almost a month ago, the lithium ion battery fueling one of these planes in Boston caught fire.
ProLogis to build 2 DCs for BMW
CN abandons support for iron ore development
Freightgate releases NVO NRA self-service module
ILA releases master contract details The ILA noted the agreement is "subject to the drafting of final contract language and acceptance by the ILA membership" and the new master contract will not take effect until all local bargaining is concluded.
Study: Cargo volumes in Great Lakes region recovering Study also identifies options to revitalise vessels by re-powering older vessels that still use steam engines with modern conventional diesel or LNG diesel engines.
'Fast vessel' twisted fin design unveiled The system provides fast ships with tangible energy savings.
Prices close on firm note in Fujairah But outlook mixed in South African ports.
Bunker prices display softening trend in Rotterdam But mixed pricing outlook in other key bunkering hubs.
Seafarer dies during bunkering operation Investigation into incident pin-pointed lack of cut off switch as cause.
Shipowners and scrubber manufacturers 'in limbo' 'Regrettable that certainty has not been provided with regard to which technologies will be acceptable,' says IPTA.
IBIA says goodbye to Charlotte Egan Egan enjoyed getting to know members of 'close-knit industry'.
Dan-Bunkering hires new chief accountant He joined firm on February 1.
Bunker prices in Asia showing decline Only Hong Kong prices of benchmark 380 cSt bunker fuel increased.
Total's 2012 profit slips 20% Figure was weighed down by non-recurring items.
Singapore-listed shipowner in the red Mercator posted a $72.7 million loss for the nine months ended December 31, 2012.
TOTE, GPA announce LNG bunkering plans 'Proactive strategies' necessary with tighter emission controls and the increase in cargo.
Strong winds disrupt bunkering in Japan Deliveries from refineries affected.
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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