Wallenborn doubles air cargo RFS capacity in Germany Luxembourg-based Wallenborn has joined forces with VIP Truck, a major provider of air-cargo road feeder services in Germany. The new company VIP Wallenborn offers the most complete...
EU support for development of key Greek rail link The European Union will support the last remaining studies necessary to complete the important Athens to Thessaloniki rail link in Greece with a EUR 1 million grant from the TEN-T ...
Amber Windows modernizes fleet with Renault commercial vehicles UK-based Amber Windows is replacing its entire fleet with new Renault Masters vehicles. The company has taken delivery of its first phase of Renault Master 125 hp long wheel base v...
Transics telematics business fairly stable in 2012 Transics International NV, one of Europe's leading suppliers of fleet management solutions, reported that its business year 2012 was one of stabilisation. The annual turnover rose ...
Wärtsilä's Russian joint venture receives first order for locomotive engines Wärtsilä TMH Diesel Engine Company LLC (WTEC), based in Helsiniki (Finland), has been contracted to supply twelve Wärtsilä 20L generating sets for shunter locomotives. This is the ...
IAG Cargo raising capacity on Hyderabad route IAG Cargo is to provide additional cargo capacity on flights from Hyderabad (India) to London. The capacity will be generated from an additional weekly passenger flight with a Boei...
Bombardier gets new COO in June Berlin-based Bombardier Transportation has just announced that Lutz Bertling will become its new president and chief operating officer, effective 3 June 2013. Prior to joining Bomb...
Martrans Egypt appoints Gruber Logistics as agent Gruber Logistics has been selected as agent for Martrans, an Egyptian shipping company and logistics group. Gruber will be the exclusive representative of state-owned Martrans in t...
Geodis Wilson: new chief marketing officer Ivy Boyer has been appointed chief marketing officer (CMO) of Geodis Wilson. She succeeds Kim Pedersen, who recently became the company's executive vice-president. Boyer, who will ...
First class results for Bremen's ports When the ports of Bremen and Bremerhaven (Germany) presented their provisional estimate for 2012 at the end of that year, it was already clear that the "twins" would achi...
Additional bamboo eco-containers for CMA CGM CMA CGM, the world's third largest container shipping company, has reaffirmed its long-standing commitment to global environmental policy. The battle against climate change, the pr...
CKYH cuts Asia-Europe services CKYH - the Green Alliance (Coscon, K LINE, Yang Ming and Hanjin Shipping) is reorganizing its service network for Asia-North Europe and Asia-Mediterranean trades in 2013. The allia...
A.R.T. Logistics launches Europe to Mongolia trucking service A.R.T. Logistics, a leading project logistics company focused on Central Asia, Russia and the CIS, has launched a twice-monthly less-than-truckload service connecting Europe to Mon...
Nordic's banks say no, sparking a warning NORDIC Shipholding said today its banks have rejected its request to extend a deferral of debt installments by a year, sparking a warning on losses
US docker deal advances EAST AND Gulf Coast US ports are a step closer to a six-year master contract with box terminal workers
Diamond S rebuts OSG version of talks WILBUR Ross-linked Diamond S Shipping will not fight OSG's charter rejections, but it has disputed OSG's statements on their talks, a new court filing has revealed
US again eases Iran oil import penalties US SANCTIONS against Iranian oil imports have again been eased for Japan and 10 EU countries
NAT averts US prosecution NORDIC American Tankers confirmed today that "no changes have been lodged or will be lodged" after a US inquiry into oily water separators
Bumi Armada buys MPSV BUMI Armada said today it has bought a multipurpose support vessel for $15.8M to expand its offshore fleet
Oz cabotage rules assailed AUSTRALIA'S new cabotage regime reduces competition and increases freight costs, the Australian Logistics Council has said
Ministry warns: SCF share value halved RUSSIA'S economic development ministry has warned that if Sovcomflot shares are sold this year as planned, they would probably fetch just half the value that the Kremlin estimated a year ago
Cecon raises $6.4M CECON, the Oslo-listed offshore vessel owner, said today it has raised $6.4M in a private placement of 14.8M new shares
Rickmers-Linie adds westbound global loop RICKMERS-Linie, the Hamburg multipurpose and heavy-lift carrier, said today it is introducing a 'Westbound Round-the-World Service'
Tanker and tug collide ALL 16 crewmen of an offshore supply tug were unharmed after their vessel collided with a crude oil tanker today in the Singapore Strait
MISC share offer backed A BANK has urged MISC shareholders to accept an offer from the Malaysian shipping company's parent PETRONAS to acquire all their shares
Subsea 7 proposes dividend SUBSEA 7, the London seabed-to-surface engineering company, said today it is so optimistic about strong 2012 results that it is proposing a special dividend
Fincantieri raises STX OSV stake to 55.63% FINCANTIERI has acquired more shares in STX OSV to take its stake to 55.63%
Bullish Hanjin note sounded HANJIN Shipping could post operating profits for April tied to rate increases and high load factors, said an analyst today
Infrastructure in South America: Fits and Starts On the vast plains of Brazil's Matto Grosso, farmers of wheat and soy are enjoying productivity rates that exceed those of their counterparts in the United States. But freight costs in west-central Brazil are also 50 percent higher than on the Great Plains of North America, dramatically undermining Brazil's productivity...
Shippers Easing Into E-Rates "When we get an order from our shippers for an ocean shipment, we try to simultaneously negotiate the rate for them, but also simultaneously take care of the blanket filing with the Federal Maritime Commission," said Robert Burdette, vice president of strategic development for Baltimore-based freight forwarder Samuel Shapiro &...
Report: Global Port Throughput Growth Slows Global port throughput increased only 4.8 percent in 2012, lower than 7.3 percent in 2011 and 14 percent in 2010, reflecting a worsening economic environment and decreases in international shipping and trade volume, according Shanghai International Shipping Institute's Global Port Development Report 2012. In particular, emerging economies, which have previously boosted...
Long Beach Sees 36.6 Percent Jump in TEUs for Month Port of Long Beach handled 530,967 TEUs in February.The Port of Long Beach today reported that container traffic in February jumped 36.6 percent year-over-year to 530,967 20-foot-equivalent units. The California port also recorded a nearly 46 percent surge in imports, reaching 279,144 TEUs, the highest volume of import containers for this...
SSA Marine to Manage Stockton's Marine Highway Service The Port of Stockton, Calif., has selected SSA Marine to manage its terminal for the new M-580 Highway Corridor service. The M-850 Marine Highway will transport containers between the ports of Stockton and Oakland. It is scheduled to commence in early spring. Under the agreement, SSA Marine will provide the Port of...
North American Carload, Intermodal Volumes Decline North American rail volumes fell for both carload and intermodal traffic for the week ending March 9. Volume declines occurred for the U.S., Canada and Mexico, according to the Association of American Railroads. Combined North American carload volume, including all three North American Free Trade Agreement partners, dropped 2.3 percent from...
Inland Waterways Rehab Bill Introduced in House Rep. Ed Whitfield, R-Ky., along with co-sponsor Rep. Daniel Lipinski, D-Ill., today introduced H.R. 1149, the "Waterways Are Vital for the Economy, Energy, Efficiency and Environment Act of 2013," also known as WAVE 4, to modernize the lock and dam infrastructure on the inland waterways system. Additional co-sponsors include Reps. Bill...
February Import TEUs Surge at LA Port Containerized imports at the Port of Los Angeles surged 25.2 percent in February. While welcome news, the 318,547 20-foot container units were compared to an especially weak number in February 2012. February was the slowest month of the year in 2012 because of the timing of Chinese New Year. Factories in...
Canada, US Advance Truck Cargo Inspection Pilot Project Vic Toews, Canada's minister of public safety, and Janet Napolitano, U.S. secretary of homeland security, have signed a memorandum of understanding that paves the way for a U.S. Customs and Border Protection truck cargo pre-inspection pilot project in Canada. The deal was signed in Washington at their biannual meeting. It is...
Aramax Signs Usage Agreement With Etihad Rail Etihad Rail has signed a memorandum of understanding with Aramex, a logistics and transportation company. Once Etihad Rail is operational, Aramex will use the United Arab Emirates national railway network for deliveries across the country and for cross-border service to other Persian Gulf countries. The agreement was signed by Shadi Malak, executive...
Boskalis Books Record Revenue Boskalis Westminster reported revenue reached a record high in 2012, but earnings stalled as the Dutch dredging and marine services group begins to integrate Dockwise, the heavy-lift shipping company it acquired for $953 million in January. Revenue rose to 3.1 billion euros ($4 billion) from 2.8 billion euros ($3.64 billion) in...
Aqaba Terminal Completes First Step of Expansion Aqaba Container Terminal in Jordan has completed the first part of its berth expansion, adding 200 meters (about 656 feet) of new quay, as well as two new ship-to-shore cranes and four rubber-tire gantry cranes. The corresponding commemoration ceremony was attended by Kamel Mahadin, chairman of ACT and chief commissioner of...
Chinese Company Plans Arctic Route to US, Europe A shipping company in China is planning the nation's first commercial voyage through a shortcut across the Arctic Ocean to the U.S. and Europe in 2013, according to Huigen Yang, director general of the Polar Research Institute of China, Reuters reports. "One commercial voyage by a Chinese shipping company may take...
ILA Contract Creates Shifts for NY-NJ The Port of New York and New Jersey's unique "continuous operation" system will be replaced by work shifts similar to those of other U.S. ports under the new International Longshoremen's Association local contract. The contract negotiated by the ILA and the New York Shipping Association calls for regular work gangs and...
FTR Trucking Index Reflects Improved Freight Growth FTR's Trucking Conditions Index for January, published in its March 2013 Trucking Update, jumped 2.2 points from the previous month to a new reading of 10.6, reflecting improved freight growth and the expectation for tighter capacity. The TCI is expected to continue at a high level as regulations affecting trucking utilization...
Harbor Trucking's New Battleground: NJ Skirmishes are popping up from coast to coast in the battle over whether port drayage owner-operators should be classified as independent contractors or company employees. Business groups faced off against the Teamsters union and its allies this month at a New Jersey hearing on legislation placing the burden on motor carriers...
WCI: Backhaul Rates Unchanged for Week Backhaul east-west container rates were flat this week in the Europe-to-Asia and trans-Pacific westbound lanes, according to the latest release of the World Container Index. Europe-to-Asia eastbound rates from Rotterdam to Shanghai remained at $1,073 per 40-foot container this week. They have seen little change since the beginning of February with...
WCI: Trans-Atlantic Eastbound Rates Weaken Ahead of GRI Trans-Atlantic eastbound rates continued to decline sharply while westbound rates remained stable this week, according to the latest release of the World Container Index. Rates from New York to Rotterdam fell 10 percent or $192 this week to $1,719 per 40-foot container. This following last week's 5.8 percent drop led to...
Truckload Carriers See Rate Hikes on Horizon Truckload carriers, encouraged by first quarter tonnage trends, are increasingly optimistic that rates will rise and shipments increase in 2013, a survey finds. Although 77 percent of the carriers surveyed by Transport Capital Partners said rates were flat over the last three months, 59 percent expected pricing to rise. About 11 percent...
ILA Sets April 9 Ratification Vote TAMPA, Fla. - The International Longshoremen's Association has scheduled an April 9 ratification vote on a coastwide master contract that ILA and United States Maritime Alliance officials have agreed upon. About 14,500 ILA members are eligible to vote on the six-year contract and on supplemental local agreements covering work rules and other...
Sanctions data launched in Lloyds List Intelligence SANCTIONS data issued by the US, the EU and the British financial regulator are now included in the risk channels of Lloyd's List Intelligence from this week and ...
ILA and USMX approve USEC docker deal The 'tentative' deal reached on February 1 between the International Longshoremen's Association, [ILA] representing 14,500 dock workers at 15 container ports on ...
OOCL wins unlikely ally
China Shipping to take stake in APMT Zeebrugge CHINA Shipping Terminal Development has unveiled plans for its first investment in the European container terminal business with the signing of an MOU to purchase ...
Horizon seeing the light Charlotte, NC-headquartered Horizon Lines posted an adjusted net loss of $46.1m last year compared to $31.9m in 2011. However the Jones Act carrier said it expected ...
Iskenderun lands first customer TURKEY'S newest container port has landed its first customer, with Maersk Line to start calling in Iskenderun by the end of the month.The Danish line confirmed ...
Maersk will launch first Triple-E based Asia-Europe service next year MAERSK Line expects to launch a first full Asia-Europe service deploying only Triple-E containerships by the middle of next year, even though demand remains ...
Carnival combats backlash Passengers who were on board a Carnival Corp cruiseship that suffered a generator failure while at anchor in the Caribbean Wednesday are flying home.
NAT in the clear US authorities will not pursue a pollution case against Nordic American Tankers (NAT), the company told investors Thursday.
NAT in the clear New York-listed owner says US regulators are wrapping up 'magic pipe' probe.
Stacey says sorry Diana Shipping president Anastasios Margaronis apologised as the New York-listed owner delivered a sobering outlook for the dry-cargo market.
Ross at it again Wall Street legend Wilbur Ross has emerged as one of the architects of a private equity fund that has its sights set on distressed shipping assets.
Grandweld adds another Grandweld Shipyards of Dubai has won another crew boat newbuilding contract.
BLT restructuring approved Berlian Laju Tanker has secured approval from creditors for its restructuring plan in a near 11th-hour vote.
Hornbeck seeks $450m Hornbeck Offshore Services is planning to sell $450m worth of bonds to refinance another batch of notes maturing earlier.
Rickmers' big trip German owner going round the world with new westbound cargo run.
Ezra seals North Sea scoop Lionel Lee-led Ezra Holdings has moved deeper into the North Sea with a landmark subsea contract.
BWO in bond plot BW Offshore is looking to collect almost $60m from shipping's hottest source of public money.
Big four's debt mountain The big four Korean shipowners are facing debt repayments of nearly KRW 2 trillion ($1.8bn) this year.
Diana dented in Q4 Diana Shipping has seen its fourth quarter profit diced in a weak dry-cargo market.
Kleven bathes in luxury Kleven Maritime has secured an order from a mystery owner for a luxurious 'expedition support vessel'.
SPO rides rate rises Swire Pacific Offshore (SPO) has posted a much bigger 2012 profit as charter rates jumped 10%.
Awilco energized Anders Wilhelmsen's Awilco LNG looks to have secured a late injection to its first quarter income after one of its two idle ships got back to work.
Dredging drudge Royal Boskalis Westminster has reported flat earnings in 2012 despite seeing revenue rise to record levels.
Van Oord profit dips Dutch dredging group Van Oord has posted a drop in 2012 profit as European woes hit home.
Good Day for Precious Precious Shipping has scooped up another bulk carrier from India's Good Earth Maritime.
Earnings joy for Milaha Milaha has its maritime and logistics division to thank for a big jump in full year earnings.
Bergen wins AHTS work Bergen Group's Fosen yard is to complete a Chinese anchor-handler newbuilding in a deal worth more than NOK 600m ($103.6m).
Fincantieri bid flops Fincantieri has failed in its effort to take full control of STX OSV.
Lines merge Aussie loops Container lines including Hanjin Shipping, ANL and CSCL are consolidating Australian services from Asia to boost efficiency.
Dof Subsea sheds oldie Dof Subsea has sold an ageing vessel to a Middle Eastern buyer following the end of a contract.
Gotland gets better Sweden's Rederi AB Gotland has boosted its 2012 profit by cutting costs.
Subsea 7 eyes payout Shareholders in Kristian Siem-led Subsea 7 are set for special dividend of 60 US cents per share the company said Thursday.
STX plunges to loss Korea's STX Offshore & Shipbuilding has fallen to a loss for 2012 as it built fewer high-value vessels.
Jiangzhou Union grabs MPP China's Jiangzhou Union Shipbuilding has signed a newbuilding deal for up to two multipurpose ships (MPPs).
Bunker sales slide Sales of bunker fuel in Singapore fell to a three-year low last month, latest government figures show.
First for Ardmore Ardmore Shipping, the Cork-based chemical and product tanker owner, has taken delivery of its first ever newbuilding.
Noble raises $400m Noble Group, the commodities house and major charterer, has raised $400m from a five-year bond issue.
Blaze in GoM A collision between a barge and a pipeline has caused a huge blaze in the US Gulf of Mexico.
ILA, New York Shipping Association reach deal The International Longshoremen's Association has set Tuesday, April 9, as the date it will hold a ratification vote on a new six-year master contract with employers.
Trucker turnover dipped at close of 2012 In the fourth quarter of 2012, the turnover rate for drivers at large truckload carriers hit 90 percent, a 14-point drop from the previous quarter, according to the American Trucking Associations' Trucking Activity Report.
Saddle Creek leads Henkel Consumer's logistics "Outsourcing our logistics division will help to reduce costs throughout our logistics operations while allowing us to focus on core competencies," said Torsten Pilz, senior vice president of supply chain at Henkel Consumer Goods.
UPS to hire 25,000 veterans
Liquor shipper examines supply chain
Groups seek moratorium on U.S. LNG exports The Department of Energy is currently reviewing 16 proposals for LNG export facilities. If they are all approved, they could export 45 percent of the natural gas produced in the United States, according to environmental groups.
Shippers' association updates rate software
Rickmers starts second round-the-world string "Having introduced our round-the-world Pearl String service with an eastbound rotation 10 years ago, we are convinced that the time to start up a similar concept in the other direction has now come," said Rickmers CEO Ulrich Ulrichs.
Domestic freight transport up in January
Carriers combine Asia-Australia strings
ILA, USMX agree to tentative 6-year contract The federal mediator said the agreement will be submitted to the membership of each group for ratification and "paves the way for six years of stable labor-management relations covering all the Atlantic and Gulf Coast ports."
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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