Saudia Cargo increases February freighter capacity from Nairobi to Amsterdam Saudia Cargo is to operate a series of four extra freighter flights from Nairobi to Amsterdam to meet extra demand for flowers in the traditionally busy month of February. The extr...
Air cargo volume increases in Sofia and Samara While many European airports saw a considerable decrease in cargo volumes last year, the airport in the Bulgarian capital Sofia maintained its stability and processed 16,249 t of c...
New commercial manager at TIP Services TIP Services, a leasing and finance company for the logistics industry and an affiliate of GE Equipment Services, has appointed a new commercial head for Germany and Austria. Olive...
DB and SNCF table proposals for rail industry alliance The president of the French state railway SNCF, Guillaume Pepy, and Deutsche Bahn's chairman of the board, Dr Rüdiger Grube, tabled a joint outlook for the railway in Europe at a r...
Fuso: global sales increase 18% Kawasaki - Mitsubishi Fuso Truck and Bus Corporation (MFTBC), one of Asia's leading commercial vehicle manufacturers, increased its global sales (including international markets an...
Russian Railways Logistics to become Olympic Games consignee Russian Railways Logistics (RZDL), the subsidiary of Russian Railways Holding, is to become an Olympic consignee ahead of the 2014 World Winter Olympic Games to be held in Sochi (R...
MAN Commercial Vehicles delivered fewer trucks The commercial vehicle sector was hit by the economic downturn in 2012. Germany's MAN Truck & Bus reported that its orders fell by 4% to EUR 9.2 billion last year. At MAN Latin...
Americold appoints new chief operating officer Americold, a supplier of temperature controlled warehousing and logistics services to the food industry, has installed Fred Boehler as its executive vice-president and chief operat...
Gebrüder Weiss expanding in Georgia The Austrian transport and logistics company Gebrüder Weiss (GW) now offers a new direct groupage connection from Passau (Germany) to Tbilisi, the capital of Georgia. The regular t...
DSV acquires Seatainers Group DSV, a Denmark-based global supplier of transport and logistics solutions, recently signed an agreement to acquire the entire share capital of Seatainers Group A/S. The service por...
Big US marriage finalized Valentine's day saw the birth of the biggest airline worldwide. Dallas (TX)-based American Airlines, a subsidiary of the AMR Coporation that filed for Chapter 11 bankruptcy protect...
Maersk Line suspends AE-9 service According to the analyst Alphaliner, the Danish shipping line Maersk has suspended the AE-9 service between Asia and Europe just seven weeks after it was reactivated. The last sail...
Port of Malmo sees increase in volumes Copenhagen Malmö Port (CMP)'s volumes in Malmo (Sweden) increased by 12% to 8.8 million t in 2012. The dramatic rise is due to growth in vehicle imports, ferry traffic to Germany a...
Q&A: Watson, Farley & Williams partner Madeline Leong Collaborations between People's Republic of China and offshore commercial banks mark a growing trend
Tanker pools with Unipec to boost Genmar growth Other owners in 'active discussions' as Unique Tankers begins trading
Chinese economy hits recovery mode Exports in January were up 25% on the year before, while imports jumped 28.8%
China consolidates role as global financier But some policies hold back growth, several experts warn
Kepco awards $2bn charters South Korean quartet share long-term deals
Unstoppable Unipec Chinese charterers poised to exert even greater influence over VLCC spot market in 2013
Burma to China pipeline will cut into VLCC demand Pipeline will reduce tonne-miles for cargoes from Middle East and West Africa
Waiting for leadership Needed: more urgency to fix problems from China's shipping companies
Curling up with the Year of the Snake So what do the stars have in store for some of the major container carriers?
China's high hopes help bulk up dry cargo sector Nation is driving dry bulk demand and competing internationally for work
Höegh LNG buoyant on future demand Improving FSRU market main driver for company growth
Ocean carriers pin hopes on peak season The jury is still out on the prospects for a traditional seasonal surge in the Asia-Europe trade lane
Owners count the costs as China goes offline for lunar new year Shipping industry's health remains tethered to nation's moderating pace of growth
Look to Asia's box lines for post-crisis strategies Major shipping companies are jockeying for position in anticipation of still distant market turnaround
SCI's profits shattered INDIA'S government-run SCI plunged from profits to net losses in its October-December 2012 quarter
More German fire sales warned ahead FIRE SALES of distressed German tonnage went up and up last year with no end in sight this year, a KG fund analyst from Hamburg warned today
OSG seeks to sell tankers OVERSEAS Shipholding Group has asked a bankruptcy judge to approve sale procedures for three older tankers, marking the company's first move to shed owned tonnage
Varun's shares slip after three arrests VARUN Shipping's shares today slipped 7% to a 52-week low following the arrest of three of its ships
Pirates appeal sentences PIRATES who tried to hijack an MOL tanker off Oman were today reported to have appealed their 10-year prison sentence in Tokyo
Rio and MOL sign 20-year iron ore deal RIO TINTO was reported today to have signed a 20-year contract under which Japan's MOL would transport iron ore from Australia to China
Höegh LNG reverses losses A DIVIDEND is planned by Höegh LNG Holdings, which today reported turning quarterly losses into profits and said it plans a major change in corporate structure
DFDS ro-ro plans progress DANISH shipping group DFDS today said all contractual hurdles have been cleared for the resumption of two newbuilding projects at Germany's P+S Shipyards
LB box imports jump INVENTORY stocking in the run-up to the Chinese New Year caused Long Beach's box volumes to surge in January
Mermaid swings to profits MERMAID Maritime subsea business was key in reversing losses into profits during its quarter ended 31 December 2012
German owners take anti-tax battle to Berlin PLANS FOR a summit in Berlin next week are today fuelling fresh hope that a crippling insurance tax on charter-hire pools in Germany can be averted
LCH Clearnet defies slump LCH CLEARNET, the international clearinghouse for financial transactions, said today operating profits and revenues rose sharply in 2012
5 sought in fatal collision on Yangtze River THREE passengers have been killed and five others have been missing for three days since a ferry collision in China
TTA cuts three-quarters of losses TTA SAID today it cut three-quarters of its losses for its first quarter, year on year
Port Workers vs. Gun Owners: A Double Standard? The National Rifle Association's refusal to support background checks is befuddling given that more than 2 million transportation workers already are required to get them for employment. This mandate was required by three laws signed by President George W. Bush and supported by a majority of Republicans in the House...
Partnership Created to Support McClellan-Kerr Arkansas River Navigation System The U.S. Army Corps of Engineers has signed a strategic partnership agreement with the Arkansas Oklahoma Port Operators Association to ensure the continued viability of the McClellan-Kerr Arkansas River Navigation System and to identify opportunities for future develop and modernization initiatives. Michael J. Teague, colonel and commander of the Tulsa, Okla.,...
TransCore DAT Freight Index Shows 'Robust' January The TransCore DAT North American Freight Index rose 42 percent year-over-year in January, the highest-ever volume for that month. Freight volume was "unusually robust" for the season, exceeding December 2012 levels by 24 percent. It is the first time since the index began when freight availability increased from December to January....
Florida to Reduce Regulatory Burdens on Trucks The Florida Department of Transportation has implemented administrative rule changes to reduce the regulatory burdens on trucks, according to the state's Gov. Richard Lynn Scott. The changes will increase the maximum gross vehicle weight allowed for sealed containerized cargo units from 95,000 pounds to 100,000 pounds, streamline the permitting process for...
USDOT Establishes National Freight Advisory Committee The U.S. Department of Transportation has established a National Freight Advisory Committee to provide recommendations aimed at improving the national freight transportation system. The recent transportation bill, Moving Ahead for Progress in the 21st Century, or MAP-21, signed by President Obama in July 2012, established a national freight policy and called for...
Container Volume Up at Port of Virginia in January The Port of Virginia handled 158,766 20-foot-equivalent units in January, increasing 4,466 TEUs or 2.9 percent from 154,300 in January 2012. The month's container total was 90,900 units, and the general cargo tonnage (including container and breakbulk) was 1.4 million tons. Rail volume was also up 10 percent for the month, said...
Productivity Decline Leads to Portland Rent Rebates The Portland Port Commission approved a $3.7 million partial rent rebate program to reimburse terminal operator ICTSI Oregon for continuing losses due to productivity declines from a labor disruption last year. ICTSI manages Portland's container facility, Terminal 6. Since last summer, the International Longshore and Warehouse Union has been battling for...
OIA Global Acquires Paccess's Materials Sourcing Unit OIA Global has assumed the majority of assets and liabilities of Paccess's materials sourcing division, based in Portland, Ore. "We're going to staff accordingly and will be increasing our overall work force by more than 10 percent throughout our worldwide network in the next 30 days," said Charlie Hornecker, CEO of...
UPS Freight to Expand Truckload Business Less-than-truckload carrier UPS Freight will expand its full truckload business in 2013 as changing shipping patterns and tight capacity at traditional truckload operators spur more intramodal shift, President Jack Holmes said. "Retailers that over the last couple of years have really challenged themselves on the supply chain have gone from heavy...
South Carolina Drayage Program Fueled With More Funds The port truck replacement program run by the South Carolina Ports Authority has received $145,000 in additional federal grant funding to help further reduce air emissions across the Charleston area. Launched in the fall of 2011, the port authority's truck program provides truck owners who are frequent users of the...
Seattle Votes 'No' on Drayage Drivers Bill The Seattle Port Commission Thursday voted to oppose a bill before the Washington State Legislature that would require the port to employ drayage truck drivers. The intent of the bill is to make it easier for unions such as the Teamsters to organize harbor truck drivers in Seattle by making them...
SCFI: Trans-Pacific Outperforming Asia-Europe The Shanghai Containerized Freight Index was not published today due to the Chinese New Year, but despite some buoyancy in the trans-Pacific market analysts are downbeat on the prospect of rate increases once the SCFI resumes publishing next Friday, Feb. 22. Trans-Pacific Rates Outperforming Asia-Europe West Coast and Europe Week-to-Week Percentage...
US Transport Agencies Boost Funding Allocations This Year U.S. federal, state and local transportation departments of transportation have so far allocated $7 billion in federal funds during fiscal year 2013, which began Oct. 1, 2012, according to an analysis of Federal Highway Administration data by the American Road & Transportation Builders Association. The funds represent an increase of 56...
WCI: Eastbound Trans-Atlantic Rates Slip Trans-Atlantic eastbound rates slipped marginally this week while westbound rates were flat, according to the Thursday release of the World Container Index. World Container Index Rates Between New York and RotterdamSource: WCI For a larger version of the chart, click on the image. Rates from New York to Rotterdam slipped $15, or 0.7...
USDA Proposes Changes to Plant Import Regulations The U.S. Department of Agriculture's Animal and Plant Health Inspection Service has proposed to update and streamline its regulations involving the importation of plants for planting. Some of the proposed changes include requiring permits for the importation of certain coated or pelleted seeds, and providing for an alternate additional declaration on...
Shipping Corp of India reports $24m nine-month loss Shipping Corp of India reported a loss of Rs1.3bn ($23.9m) for the first nine months of its 2012 financial year, hit by losses in its dry bulk and tanker segments.However, ...
MOL extends presence in Burma Mitsui OSK Line has set up a unit in Burma after being granted a permanent business licence from the government's Directorate of Investment and Company Administration. ...
Hyundai Merchant Marine doubles annual loss to $922m Hyundai Merchant Marine is expected to double net losses for 2012 to Won1trn ($922m) against Won473bn in the previous year, despite a fleeting improvement in the ...
Emma cargo owners await GA decision
Eurozone economy shrinks by 0.6% The economy of the 17 nation eurozone contracted by a worse-than-expected 0.6% in the final three months of 2012 - the biggest fall since the beginning of 2009 ...
LA / LB numbers show the way The San Pedro Bay ports of Los Angeles and Long Beach started the year on a high with a 5% jump in throughput in January, compared with the same month of 2011.Meanwhile, ...
OSG's golden handcuffs Bonuses will likely become a key component of a programme designed to aid Overseas Shipholding Group (OSG) in a battle to retain top talent on the back of a bankruptcy filing in the US, TradeWinds has learned.
Today in tankers Nordic American Tankers appears to have lined up charters for two suezmaxes that trade in the spot market.
RBS trims another 'tree' Cyprus Maritime of Greece has been linked to the acquisition of another aframax tanker that used to trade with BP Shipping.
OSG plots purge Overseas Shipholding Group (OSG) has asked a US bankruptcy court for permission to sell two VLCCs and a medium-range products tanker.
Fortuna refloated A Norwegian cargoship that grounded off Denmark on Tuesday has been towed into port.
Blinded by the light Heidmar has poached another Phoenix Energy Navigation tanker from Overseas Shipholding Group's (OSG's) Aframax International (AI) pool.
OSV bashed up A Spanish offshore support vessel has been damaged after hitting a breakwater in Scotland.
Finnlines's tip-off Finnish owner Finnlines has revealed it discovered a cargo of tank spare parts destined for Syria during a cargo check in Antwerp last month.
Trumping judgments We take a look at what was said in the market over the past week.
Havila in the money Havila Shipping has entered into a pair of long-term charter contracts worth a combined NOK 1bn ($180m).
ST bags barge job ST Engineering has bagged an order for an articulated tug barge from a US owner with an option to build an additional vessel.
Sado edges up profit Japan's Sado Steam Ship has beaten its own profit forecast for 2012.
Syrian shipment halted Finland's customs service has revealed it confiscated military spare parts on a Finnlines ship it claimed were destined for Syria.
He's number one again Fredriksen shifts a gear to take title of top owner of ships on order with 76 vessels on the way.
MOL clinches cape coup Japan's Mitsui OSK Lines (MOL) has tied up a 20-year deal to carry iron ore for mining giant Rio Tinto.
Bharati battered India's Bharati Shipyard has fallen to a loss in the first nine months as revenue was slashed.
Losses lessen for TTA Thoresen Thai Agencies (TTA) has reduced its first quarter loss despite bulker rates falling.
DFDS resurrects order Denmark's DFDS has confirmed it will take delivery of two ro-ro vessels cancelled last year at bankrupt German yard P+S Werften.
Hoegh set for MLP Hoegh LNG looks set to be the next LNG player to adopt a Master Limited Partnership (MLP) structure.
Clearnet clears more FFA clearing house LCH.Clearnet has posted a big jump in 2012 earnings as volumes grew.
Exmar seals LPG orders The Exmar and Teekay joint venture Exmar LPG has ordered up to eight medium-sized gas carriers at Hanjin Heavy Industries.
TUI bruised by cruise Expansion costs have pushed the cruiseship operations of Germany's TUI further into the red in its first quarter.
LNG turmoil hits rates Supply disruptions in Egypt and Nigeria will curb LNG carrier rates, according to DNB Markets.
HMM worse than feared Hyundai Merchant Marine (HMM) has slipped to a worse than expected operating loss of W167bn ($155m) in the fourth quarter.
Emma boxes shifted Maersk Line has employed three containerships to deliver containers removed from the damaged Emma Maersk.
ISC prices share sale International Shipholding Corp (ISC) looks set to raise $25m from a public share offering, the company has confirmed.
Streeter calls time Bruce Streeter is to stand down as chief executive of US offshore vessel operator GulfMark Offshore.
McQuilling forecasts record bunker price in 2013 The firm predicts the average cost of IFO 380 fuel oil worldwide will be $690 per metric ton this year compared to $672 per ton in 2012. The actual price in 2012 was higher than its forecast last year, which was $650 per ton.
Long Beach volume jumps in January
OIA Global builds up sourcing division
DSV to buy Seatainers
CEVA opens Jacksonville logistics center
DOT creates freight advisory panel The department seeks industry stakeholders to sit on a new National Freight Advisory Committee tasked with making recommendations to improve the freight transportation system.
U.S. sugar reform bill proposed in both houses
FMC rule could allow foreign NVOs to enter NRAs The commission is expected to publish the proposed rule in the Federal Register early next week. There will be a 60-day comment period.
EU, U.S. strive for trade deal Forming the talks from recommendations from the U.S.-EU High Level Working Group on Jobs and Growth, parties from both nations will try to hammer out a Transatlantic Trade and Investment Partnership.
Bunker prices in the Americas end the week on mixed note Demand was slow across the Americas, local players told Bunkerworld.
DNV executive questions prices of HFO and distillates always moving in tandem Managing Director uncertain if assumption for future price development of HFO vs distillate fuels is realistic.
Oil spill confirmed following barge collision on Mississippi River Vessels in area instructed to slow down but waterway remains open to shipping.
Avails tight while prices drop in Fujairah Earliest deliveries possible from February 23.
Tight avails in Hamburg while prices soften in Rotterdam Congestion reported at Gibraltar.
Russian energy giant hoping to triple bunker sales Company reports increased 2012 bunker sales and aims for much bigger market share by 2025.
LNG bunkering likely to 'top agenda' at Europort Interest in the emerging LNG bunkering market will be strong.
Korean shipping firm starts to wind down Firm has been redelivering most chartered vessels back to owners.
ARA stocks climb on weak demand Weak buying interest seen from Asia.
Singapore fuel oil stocks hit three-week low Distillates also down to 12-week low.
Bunker prices in Asia slide Singapore's benchmark 380 cSt fuel dipped $1.50 to average at $661 pmt.
Moves underway to establish body for LNG bunkering New body generating interest from industry.
Rolls-Royce announces rise in profit Profit growth recorded across all business segments, including marine.
Arctic BC shipping emissions '90% higher' than prevailing estimates Revised estimates of black carbon emissions from shipping presented to IMO met with scepticism.
Wilhelmsen's operating profits soar 48% Strong first half year helped boost company's bottom line.
Lift ban on using LNG for inland shipping, says EFIP 'Lifting this ban is probably the most urgent policy measure to take,' says ports' body.
Navy resupply programme 'could save millions' on fuel bill Programme could save US Navy millions of dollars in bunker costs.
Sales drop as high prices make Singapore market uncompetitive Drop off in January sales comes as little surprise to traders.
Lukoil building new diesel unit Company wants to boost ultra-low sulphur diesel output to cope with rising foreign demand.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
