Vanguard expands dealership in USA Vanguard has opened a new truck centre in St Louis MO (USA). The new location represents Mack Trucks Inc and Isuzu Commercial Vehicles. Vanguard operates eight dealerships and its ...
Port of Long Beach gets new bridge Officials celebrated the kickoff of the construction of a USD1 billion project to replace the primary bridge at the port of Long Beach CA (USA) on 8 January. The four-year project ...
USA proposes new minimum sound requirements for hybrid and electric vehicles The US Department of Transportation's National Highway Traffic Safety Administration (NHTSA) is proposing that hybrid and electric vehicles meet minimum sound standards. The sounds...
Russian Railways Logistics plans to expand service portfolio Russian Railways Logistics (RZDL) shipped 3.3 million t of cargo in 2012, compared to 1.5 million t in 2011. The company organized the transport of goods in Europe and Asia in coll...
ST Aerospace lands contracts worth USD 366.5 million in Q4/2012 Singapore's ST Aerospace secured new contracts worth about USD 366.5 million in Q4/2012. The contracts are for airframe, component and engine...
RFG disappointed about UK freight charges The UK's Office of Rail Regulation (ORR) recently announced that a new package of charges for freight operators to access the rail network will be introduced from 2016. The package...
UPS and TNT merger: EU to block the deal It seems that the gigantic merger between the US-based CEP and logistics corporation UPS and TNT will fail to materialise as the EU competition authorities are about to rule agains...
ATC acquires Platinum USA The ATC Group, a GSA founded 1971 in Switzerland and headquartered in Frankfurt (Germany), has acquired the Houston TX (USA)-based general sa...
First foreign investment in Indian carrier Abu Dhabi (UAE)-based Etihad Airways is about to become the first foreign airline to invest in an Indian one, as Etihad is considering buying ...
DB Schenker Logistics: a partner of EU "SuperGreen" project Companies and institutions involved in the EU's SuperGreen project have showcased their results at the final plenary workshop in Gothenburg (Sweden). DB Schenker is a partner of th...
Braemar Adjusting names group managing director Grant Smith has been appointed group managing director of the board of Braemar Adjusting with immediate effect. Smith, a Canadian citizen, has worked in Braemar's offices in London...
'K' Line Kamsarmaxes to be sold in leaseback deal 'K' LINE is to sell and lease back three Kamsarmax newbuildings from Taiwan's Wisdom Marine
Iran plans long-term China oil deals IRAN PLANS to sign long-term oil export contracts with Chinese refiners despite sanctions against Tehran's nuclear programme, IHS World Markets Energy reported today
Two-accident rig righted SEMBCORP Marine of Singapore said today it has restored and refloated a jack-up rig that was involved in injuries and a death in two accidents
ONE JVs on the block AUCTION procedures have been proposed for the joint-venture interests in four tankers of bankrupt Omega Navigation Enterprises
COSCOL profits fall 87.4% SHANGHAI-listed COSCOL said today its full-year net profits plunged 87.4% year on year in 2012
Japan's LNG demand seen steady in short term JAPAN'S demand for LNG is likely to mount even though new Prime Minister Shinzo Abe has indicated he wants to revive the country's nuclear-energy sector, DNB Bank has predicted
Bunker small fry face worst squeeze SMALLER bunker players with relatively weak financial backing will be "hardest hit" in markets as competitive as Singapore's, sector veteran Simon Neo told Fairplay today
STX Pan Ocean seeks $47M for VLOC gash STX Offshore & Shipbuilding said today its affiliated ship operator STX Pan Ocean is seeking $47M in damages arising from a rupture in one of the latter's very large ore carriers
China's new orders drop by 43.6% CHINA received ship orders aggregating 20.41M dwt in 2012, down by 43.6% from the 2011 total, Beijing said
Frontline 2012 again backed RAVE REVIEWS continued today for Frontline 2012
Eitzen Chemical proposes changes in shares EITZEN Chemical's board has called an emergency general meeting next month to consider changes in its shares
Ezra stocks stay neutral EZRA Holdings has retained "neutral" stock ratings from DMG & Partners Research amid "disappointing" results for the first quarter this year, including a 49% profit loss
Capesizes dominate breaking CAPESIZES are dominating the demolition market, with prices rising in major shipbreaking countries
Aframaxes, MRs top S&P AFRAMAXES and medium-range products carriers are dominating tanker resales last week, as investors appeared buoyed by those sectors' relatively low orderbook
India, South Africa to Expedite Trade Agreement Shri Anand Sharma, India's Union Minister for Commerce, Industry & Textiles, and Rob Davies, South Africa's Minister of Trade and Industry, have reviewed the India-Southern African Customs Union preferential trade agreement negotiations in Johannesburg and have agreed there is a need for early finalization of the deal. Sharma asked Davies to...
Incheon International Airport Supports Biodegradable Vinyl Packaging Incheon International Airport's biodegradable vinyl packages. Incheon International Airport in South Korea recently funded 50 percent of the purchasing costs of nearly 7,360 environmentally friendly biodegradable vinyl packages for ground service companies in the airport, as part of the Fourth Green Cargo Hub project. The biodegradable vinyl packages for air cargo supplied...
Indian Railways' Traffic Increases 4.5 Percent Indian Railways reported freight traffic from April to December 2012 was 735.1 million metric tons, increasing 4.5 percent from 703.8 million metric tons during the same period in 2011. In December 2012, the state-owned railway handled 88.2 million metric tons, rising 1.6 percent from 86.8 million metric tons in December 2011....
Strong Growth Expected for Malaysia's Logistics Industry Malaysia's logistics industry is forecast to grow 9.5 percent to total RM139.7 billion ($46.4 billion) this year, with trade also set to surge by some 6.5 percent to $471.6 billion. Driven by strong intra-Asia trade growth, government support and its prime geographical location in Southeast Asia, Gopal R, Global Vice President,...
BNSF Logistics Acquires EP-Team Third-party logistics provider BNSF Logistics has acquired logistics management company EP-Team, based in Flower Mound, Texas. BSNF Logistics also recently acquired Albacor Shipping, as the company strives to expand its project cargo services portfolio. Integration activities are underway, the company said, although EP-Team will continue to operate with a degree of autonomy...
PSA International Traffic Up 5.2 Percent PSA International said its global container throughput in 2012 grew 5.2 percent year-over-year to 60 million 20-foot-equivalent units. Traffic at PSA's flagship Singapore terminals was estimated at 31.26 million TEUs, up 6.4 percent from a year ago, while non-Singapore facilities contributed 28.8 million TEUs, a gain of 3.9 percent over 2011. PSA...
OOCL Unveils New Vessel (L-R) Andy Tung, CEO of OOCL; Captain of OOCL Miami; Samuel Tsien, sponsor of OOCL Miami. Orient Overseas Container Line held a naming ceremony at the Changxing Island shipyard in Shanghai for its new vessel, the OOCL Miami. The vessel was christened by Samuel Tsien, group CEO of OCBC Bank. Wang Yong,...
Hactl Cargo Traffic Rose 6.2 Percent in Fourth Quarter Hong Kong Air Cargo Terminals, which handles cargo at Hong Kong International Airport, reported its traffic in the fourth quarter of 2012 was 754,226 metric tons, rising 6.2 percent from the fourth quarter of 2011. Traffic from five new carriers signed up by Hactl since September contributed to the increase, as...
China Logistics Group Launches Domestic Trucking Service in China Freight forwarding and logistics management company China Logistics Group has launched a domestic trucking services operation in China through a partnership with a domestic trucking company. China Logistics will initially offer the services through a small fleet of trucks leased from the trucking company, which will be dispatched from its Shanghai...
Jaxport Mile Point Project Awarded $38 Million Florida's Governor Rick Scott has announced a commitment of $38 million in state and local funding to complete the second stage of the TraPac Container Terminal project at Jacksonville Port Authority. The investment enables Jaxport to jumpstart the final phase of fixing navigational problems in the St. Johns River at Mile...
Terex Announces Management Changes Westport, Conn.-based Terex has promoted Kevin Bradley, current president of Terex Cranes, to senior vice president and chief financial officer, effective immediately after the filing of the company's annual report for 2012. Bradley succeeds Phil Widman, who is retiring on March 31. Tim Ford, current president of Terex Aerial Work Platforms,...
Trailer Bridge Names Dombalis CEO Jacksonville, Fla.-based trucking and marine freight company Trailer Bridge's board of directors has appointed Chris J. Dombalis as a board member and CEO of the company, effective Jan. 16. Dombalis succeeds Frank Halliwell, who has served as interim CEO since October 2012. Dombalis has more than 30 years of executive experience in...
OOCL Decreases Montreal's Low Water Surcharge Orient Overseas Container Line plans to decrease its low water surcharge for all cargo shipments via the Port of Montreal, effective Feb. 1, following the latest projections for improved water levels in the Canadian St. Lawrence River. The surcharge will be $50 per 20-foot container and $100 per 40- or 45-foot...
ModusLink Global Solutions Names Boucher President, CEO Waltham, Mass.-based supply chain management company ModusLink Global Solutions has named John J. Boucher, 53, president and CEO, effective Jan. 28. Boucher has more than 30 years of supply chain management experience. He joins ModusLink from Symbotic, which provides supply network automation solutions for warehouses and distribution centers, where he served...
Intermodal Association of North America Announces Board Changes The Intermodal Association of North America's board of directors has elected Barry D. Michaels, Union Pacific Railroad Company's vice president of intermodal operations, as chairman. Michaels succeeds David Manning, president of Tennessee Express, who remains a member of the board. Michaels previously served as chair in 2004 and 2005. The 13-member board...
OHL Names Tucker CEO of Contract Logistics Third-party logistics provider OHL has promoted Randy Tucker, current executive vice president of human resources and project management, to president of OHL Contract Logistics, effective immediately, according to OHL CEO Randy Curran. Tucker succeeds Bob Spieth, who is leaving OHL to take an executive position with an e-retailer. Tucker joined OHL in...
Q&A: In This Storage War, There Is No Set-Off Q: We have a customer claiming a set-off against our freight invoice for storage charges incurred because the less-than-truckload carrier failed to pick up the freight on the requested date. The shipper did not pay for any guaranteed or time-exact service. My contention is that the set-off is unlawful for two...
First Valve Shipment Arrives for Panama Locks Project Panama Canal Expansion Projects receives 47 valves. The Panama Canal expansion program has received the first shipment of valves that will be used for the operation of the third set of locks. The 47 valves were built in South Korea by Hyundai Samho Heavy Industries and transported on board the vessel BCC...
Ocean Carriers Betting on Suez Services Ocean carriers are planning to beef up the capacity of their services from Asia to the U.S. East Coast via the Suez Canal this year while consolidating or even reducing the number of all-water loops they deploy on the trade lane from Asia to the East Coast via the Panama...
A New Day for Same-Day Delivery Each year brings challenges and opportunities to the global transportation sector born out of events beyond its control. So much of the sector's fate depends on the U.S. economy and the changing global trade market. With uncertainty in the nation's fiscal policy and the possibility of the "fiscal cliff" becoming...
Hamburg Sud likely to push for control of super group
US retail goods imports forecast to hit 1.3m teu in January US container imports of retail goods are forecast to rise 2.9% in January 2013, compared with the same month last year, to 1.3m teu, after full-year 2012 brought ...
MSC tops the boxship recycling league The Mediterranean Shipping Company is certainly leaving its liner archrival Maersk Line standing in one sector: ship recycling.According to an Alphaliner report ...
Hapag taps into the Polish market Away from the continued merger 'investigations' with its German compatriot carrier Hamburg Sud, Hapag-Lloyd is focusing on the increased hunger for imports - especially Chinese ...
La Spezia welcomes back K Line The north west Italian port of La Spezia hosted the maiden call of the 2012-built 8,500 teu Helsinki Bridge on Monday as part of the CKYH alliance's MD1 Asia - ...
Container Owners Association appoint new board member The 165-member Container Owners Association [COA] - which represents the interests of freight container owners worldwide - has appointed O I Kwon, senior vice-president, ...
Market questions motives Shipbrokers are starting to take a closer look at the design of a tanker pool built on the back on an alliance between General Maritime (Genmar) and Chinese chartering giant Unipec.
Suezmax slump Oversupply has taken a toll on spot rates tied to suezmax tankers in recent weeks and the trend is expected to continue in the months to come.
SHI order fits pattern BW Maritime says its entry into the FSRU market follows a pattern established over the past 18 months.
Coscol in profit plunge Cosco Shipping Co (Coscol) has had 87.4% slashed from its earnings in 2012.
Nokta leaving Dahlman (again) Star analyst Omar Nokta has told staffers at New York's Dahlman Rose that he is leaving the investment bank, TradeWinds has learned.
Srab admits defeat Srab Shipping has lost its long-running battle for survival and has opted to go into liquidation.
Tracker deal for Genco Genco Shipping & Trading has found period work for one of its panamaxes.
Pirates plead guilty Two Somali pirates have admitted attacking an MOL aframax in 2011 during a trial in Japan.
Schulte faces reef fine The Maldives government has said the grounding of the boxship Auguste Schulte on a reef last week will result in a fine of up to MVR 100m ($6.52m).
Mixed bag for Diana Diana Shipping has found work for a kamsarmax newbuilding but is having to take a pay cut on the charter of an older vessel.
DryShips cash draining DryShips has won some breathing space after shedding two suezmax newbuildings but the owner could run out of cash within a few months, according to a leading analyst.
Bye bye, Blystad Arne Blystad has cashed in his remaining interest in Saga Tankers walking off with over $11m.
Cosco Pac volumes up Hong Kong-listed ports operator Cosco Pacific has pushed up cargo volumes 8.7% in the third quarter.
Bo Hansen joins Heidmar Heidmar has hired former Torm big wig Jesper Bo Hansen to lead one of its tanker pools.
CMES books VL order China Merchants Energy Shipping is the latest Chinese owner to have booked a series VLCCs in its homeland, it is claimed.
Alam in the money Malaysia's Alam Maritim Resources has continued its strong start to the New Year after bagging a mammoth contract with compatriot oil and gas company Petronas.
HSH eyes box FFAs Germany's HSH Nordbank is aiming to take some of the risk out of container shipping with new forward freight agreements (FFAs).
Cruiseship battered Four people have been injured after a huge wave hit the bridge of a Silversea cruiseship off Argentina.
Chinese save heavy-lift The Chinese navy has foiled a pirate attack on a heavy-lift ship in the Red Sea.
Weber: Slippage slipping A surge in product tanker orders will make it harder for owners to delay the arrival of wet newbuildings, according to a leading shipbroker.
Big John boosts Sevan stake John Fredriksen's Seadrill has stretched its shareholding in Sevan Drilling following a private placement.
Scandlines sues Baltic ro-ro owner Scandlines has taken an ex-employee to court seeking damages for alleged theft.
Claim cash now Asian dry-cargo investors should cash in gains from their portfolio at the start of this year, according to UOB Kay Hian.
Seacor's spin-off spur Seacor investors are being handed a share-based dividend as part of the spin-off of its aviation services affiliate.
Vigor opts for China Vigor Industrial has ordered a new floating dry dock for $40m at China's Daoda Marine Heavy Industry Co (DDHI).
White Smoke eyes combi Swedish owner White Smoke Shipping has teamed up with Turkish shipyards to design a dual-fuel LNG bunker tanker.
"Not to be held liable" German boxship manager Dauelsberg is accepting no blame in the row over toxic waste boxes rejected by Nigeria.
CSSC adds drillship duo China State Shipbuilding Corporation (CSSC) has added a couple of drillships to its orderbook.
Sembcorp rights rig Sembcorp Marine has said a jack-up drilling rig which collapsed at its yard in Singapore last month has been righted.
HSBC reduces Lamprell Lamprell has been downgraded by equities research analysts at HSBC to a "neutral" rating in a research note issued to investors.
Eni seals LNG deals Eni, the Italian energy giant, has signed an agreement with Japanese and South Korean energy companies to supply LNG.
LA to break ground on intermodal yard The port is scheduled to start work this Wednesday on a new intermodal rail yard attached to its Berth 200. The new $137 million yard, in Wilmington, is designed to improve a critical link in the nation's freight network.
Industry vet Dombalis named Trailer Bridge CEO Chris Dombalis has more than 30 years of executive experience in the maritime and logistics industries. Most recently, he served as executive vice president of Maher Terminals, one the largest container terminal operators.
Maier named FedEx Ground boss Henry Maier has been promoted to president and CEO of FedEx Ground, replacing retiring David Rebholz, who had been at the company for 37 years. Maier previously served as FedEx Ground's executive vice president.
Purolator continues expansion Purolator International, which specializes in U.S.-Canadian logistics, will add locations in Columbus, Ohio; Newark, N.J.; and Phoenix during the first quarter of the year, after opening seven U.S. locations in 2012.
Atlas Air looks to profitable 2013
NAMA names new chairman
CP opens Saskatchewan intermodal facility
OCR use growing in global port operations
St. Lawrence Seaway sees 4% increase in volume
Vigor orders largest floating drydock
Hactl experiences second best year for tonnage
Florida governor commits $38 million to improve Jacksonville navigation
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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