Korean start-up carrier to operate first freighter aircraft Jeju Air will operate a B737-400(F) that is currently being prepared for the South Korean cargo start-up Air Incheon. It will be the first cargo aircraft operated by Jeju, which cu...
European debt crisis hits Germany's freight transport market Germany's Federal office for freight traffic (BAG) reported that, after two years of growth, transport demand in the German freight market weakened in H1/2012. The shrinkage is due...
Russian Railways Logistics delivers cargo to South Africa The Rostov-on-Don branch of Russian Railways Logistics recently organized the transportation of packed cargo that had to be forwarded to Port Elizabeth (South Africa) on behalf of ...
Mack launches overhaul programme for Legacy Engines The US-based commercial vehicle manufacturer Mack now offers a new engine overhaul scheme to better serve Mack E7 engine owners. The programme is an industry standout, offering ex...
Nord-Süd closes all branches in Germany The forwarding company Nord-Süd closed all its six locations in Germany at the beginning of the year, after the firm went into administration in autumn. The branch offices in Zabre...
UPS offers new express freight service The US integrator and parcel service provider UPS has launched a new solution in the express cargo segment called UPS worldwide express freight service. According to a recent compa...
New planning and environment director for port of Dunkirk The French port of Dunkirk named Yves Lalaut, a government public works divisional engineer, as its new planning and environment director on 1 December 2012. He replaced Stéphane R...
Delta Air Lines posts December quarter profit, but sees cargo revenue decline Atlanta GA (USA)-based Delta Air Lines reported a net income of USD 238 million for the December 2012 quarter. Results include the USD 100 million negative impact of super storm Sa...
Volga-Dnepr Airlines moves 100 t of mining equipment to Siberia A self-propelled Bauer BG28 drill used for mining was part of a 100 t shipment delivered by Russia-based Volga-Dnepr Airlines to Magadan (Russia). The AN-124-100 fr...
Executive changeover at Lug aircargo handling LUG aircargo handling, based in Frankfurt (Germany) named Nina Hampel as its manager Key Accounts, sales and business development on 1 January. Prior to that she had worked for Avi...
DHL enhances chemical shipping offer DHL Global Forwarding, the air and ocean freight specialist within Deutsche Post DHL, is introducing a new product for shipping non-hazardous liquid bulk commodities. Particularly ...
DB Schenker Logistics serving automotive supplier AGC in Serbia DB Schenker Logistics has opened a new warehouse in Kragujevac (Serbia) that is dedicated to providing logistics services for suppliers of a nearby Fiat car plant. The first custom...
Medcenter Container Terminal Gioia Tauro continues to perform well Medcenter container terminal (MCT), the Contship Italia Group's transshipment hub in Gioia Tauro (Italy) gave a sterling performance when three ultra-large container carriers berth...
A gravitational shift The centre of gravity of world crude oil trades is shifting from the Atlantic basin to Asia
BP goes its own way in a 'world dominated by oil' The supply and demand factors underpinning BP's newbuilding order
Samco finance chief looks at the prospects for tankers Better days to come in the VLCC market
BP offers bright forecast for European LNG imports European shale gas a damp squib
Pacific International Lines orders eight boxships Carrier returns to Dalian for fourth time in two years
Washington flexes its muscles in Blackstone Title XI battle Government lawyers want American Petroleum Tankers complaint dismissed
Chapter 11 is paradigm shift, says GenMar's Pribor Restructuring felt like waiting for surgery, he tells Marine Money conference
Tough year forecast for tankers but prospects are better for bulkers Perspectives vary by sector, Marine Money conference hears
Hapag-Lloyd targets hefty Asia-Europe rate hike German line leads the way with $750 per teu March increase
Venezuela becomes a riskier prospect for oil and gas investment Uncertainty over Chavez succession could see shipments to US fall further as backers shy away
Will 2013 be LNG shipping's lost year? Market is still overshadowed by last year's problems, says Drewry Maritime Research
Panamax boxship capacity rises 50% on intra-Asia trades Feeder capacity stays steady while ultra-large vessels squeeze out post-panamaxes
Cold front, warm rewards Owners enjoy ice-class rates spike due to Baltic freeze
Out with old habits to survive Some companies are losing money through inefficiency
Tyne plans $284m expansion to cash in on renewable energy Developing wood pellet imports could bring an extra two panamaxes per week
Small boxships bear the brunt of lay-ups Analysts expect number of idled container ships to rise after Chinese new year
KNOT to lease shuttle tanker to Repsol affiliate in 10-year deal Repsol Sinopec Brasil will deploy vessel in deepsea oilfields
Frangou sees 'new optimism' riding for dry bulk prospects Navios Partners posts big jump in profits for 2012
Seaspan boxship orders profitable despite price cut, says Yangzijiang China yard seals the deal at a 10% discount
High noon in Jakarta A vote on a restructuring plan for Berlian Laju Tanker must happen before March 18
Big freeze sees Baltic Sea aframax earnings rise $10,000 overnight Owners earn $24,000 per day as cold snap hits Europe
Choose your Chinese yard with caution, warns Ackermann Specialist tonnage demands the right builder for the job, says Evergas boss
STX Pan Ocean to change Singapore status Regulatory conflicts lead bulker player to follow Seoul primary listing rules
North P&I Club updates loss prevention guide Move follows post-collision claims of 'anarchy' in the Channel and North Sea
Cleaner alternative US economic pressures undermine coalition moves to curb LNG exports
South Korea box volumes rise on higher transhipments Increased throughput at Busan boosts nation's total volume
Costamare buys post-panamax as earnings beat expectations Charter to PIL will bring attractive returns, says owner
NCL wraps up IPO NORWEGIAN Cruise Line today confirmed that underwriters fully exercised their options for extra shares, bringing total IPO net proceeds to $477
Commerzbank in no rush to sell COMMERZBANK is taking a measured approach to winding down its shipping portfolio, the Marine Money conference in London was told today
Dry demand opportunities loom CHINA and India could become even more reliant on raw material imports, ICAP research MD James Leake told today's Marine Money conference in London
ISL sees global box rise GLOBAL box traffic returned to growth at the end of 2012 after weaker autumn figures, the RWI/ISL container handling index indicated today
China iron ore stockpile hits two-year low CHINA'S iron ore stockpile is at its lowest since November 2010, with steel production continuing to recover on the back of stimulus projects
Liberty sues MarAd FOREIGN shipowners are unlawfully benefiting from a government programme set up to support US shipping interests, a US-flag carrier has alleged
Pribor to lead shipping unit of Jefferies JEFFREY Pribor will resign from GenMar and take the helm of the shipping investment banking division of Jefferies, Fairplay confirmed today
ESPO assails EC's LNG bunker network ESPO today criticised EC plans to develop LNG refuelling stations at all 139 sea and inland ports in its core TEN-T transport network
Chinese leasing dispute reported settled GRAND China Logistics has reportedly settled a dispute with a Chinese shipowner over leasing contracts
Low shipping asset values seen luring banks LOWER asset values caused by the shipping sector's slip are making it more attractive for banks to enter maritime financing, a shipping conference heard today in London
China arbitration amount rises 138% THE CHINA Maritime Arbitration Commission said the amount disputed in its cases in 2012 rocketed to 1.4Bn yuan ($225M), from 587M yuan ($94M) a year earlier
Keppel profits rise 28% KEPPEL said today profits for full-year 2012 rose 28% year on year
Fortescue boss buoyant on iron ore surge FORTESCUE today posted a 32% increase in iron ore cargoes out of Australia's Pilbara for its December quarter
Supply hinders LNG bull run A SCARCITY of LNG supply in December 2012 resulted in freight rates being slightly lower than in the same month in 2011, according to an analyst
Han emerges as preferred KLC buyer SOUTH Korean private equity firm Han & Co has emerged as the preferred bidder for Korea Line
OHL Enhances Security Operations With Descartes' Cloud-Based Air Cargo Advance Screening Solution WATERLOO, Ontario - Descartes Systems Group (Nasdaq:DSGX) (TSX:DSG), the global leader in uniting logistics-intensive businesses in commerce, announced that OHL, a leading global 3PL and freight forwarder, is enhancing its security operations with Descartes' cloud-based Air Cargo Advance Screening (ACAS) solution. "We've been successfully using Descartes' Automated Commercial Environment (ACE)...
Choice Logistics Executive Doug Magnan to Chair Field Service Medical in San Diego NEW YORK - Choice Logistics, the leading provider of critical inventory logistics solutions, announced today that Doug Magnan, Vice President of Operations, will serve as a chairperson of the Field Service Medical conference. The event, which takes place February 19-21, 2013 at the Ranch Bernardo Inn in San Diego, California,...
J.B. Hunt's Profit Jumped Nearly 21 Percent in 2012 Arkansas-based trucking and transportation company J.B. Hunt Transport Services reported its profit in the fourth quarter of 2012 was $84.0 million, rising 15.7 percent from $72.6 million in the fourth quarter of 2011. Quarterly revenue was $1.3 billion, compared with $1.2 billion in the same quarter the previous year. Intermodal revenue in...
VPA Chief Explains Reorganization Plan When the Virginia Port Authority board meets on March 26, it will decide whether to pursue two current private bids to operate its terminals or to proceed with the plan to restructure the VPA and its terminal operating subsidiary, Virginia International Terminals. The VPA is still tweaking its reorganization plan but...
Rate Hikes Unlikely to Outlast Pre-New Year Cargo Surge The next two weeks will be the most frantic period of 2013 for China loadings to Europe and the U.S., with carrier utilization already running at "well above" 90 percent, said Henry Schmidl, director of ocean freight for Hong Kong and South China at Schenker International. "We will probably see full...
India OKs $82 Million for DP World Terminal at Jawaharlal Nehru Port The Indian Finance Ministry has approved a proposal by DP World to invest 4.4 billion rupees (about $82 million) in a new container terminal project at Jawaharlal Nehru Port (Nhava Sheva). The project, on a 17-year concession, will extend the port's container berth by 1,082 feet and provide a 42-acre container...
GATX's Profit Jumped 24 Percent in 2012 Railcar lessor GATX today reported income in the fourth quarter of 2012 of $29.7 million, down 6 percent from $31.6 million in the fourth quarter of 2011. Profit for the full year of 2012 was $137.3 million, jumping 24 percent from $110.8 million in 2011. Profit in the company's North American segment...
Liberty Maritime Sues Marad Over MSP Liberty Maritime Corp. sued the Maritime Administration, accusing the agency of awarding slots in the Maritime Security Program to companies whose ships don't qualify for MSP's U.S.-flag subsidies. Liberty and its affiliated companies, based in Lake Success, N.Y., filed the lawsuit in U.S. District Court for the Eastern District of New...
Defining a Trucking 'Renaissance' Senior Editor Bill Cassidy and R.W. Baird transportation analyst Benjamin J. Hartford discuss whether trucking may be headed for its own "renaissance" in pricing and profitability in 2013....
Port of Everett CFO Clements to Retire Port of Everett in Washington has announced that Karen Clements, the port's CFO, will retire in September. Clements, who holds the No. 3 management position at the port, has led the port to 15 consecutive years of clean audits during her tenure. The CFO is responsible for the port's capital and...
Japan Posts Record Annual Trade Deficit Japan posted a record annual trade deficit of $77.4 billion in 2012 due largely to a slump in exports, especially to China and the European Union, according to preliminary figures released by the Finance Ministry on Thursday. But bucking the overall trend, shipments to the United States rose at a robust...
Norfolk Southern Names Hall Intermodal VP Jerry W. Hall, Norfolk Southern's new vice president of intermodal operations. Class I railroad Norfolk Southern has named Jerry W. Hall as vice president of intermodal operations. Hall succeeds Robert E. Huffman, who is retiring on Feb. 1. Huffman has worked in the railroad industry for 40 years and joined Norfolk Southern...
Journal of Commerce to Launch New JOC Inland Distribution Conference in Kansas City, Missouri NEWARK, N.J. - The Journal of Commerce (JOC) announced that its new event, the JOC Inland Distribution Conference, will take place in Kansas City, MO in September 2013. The JOC Inland Distribution Conference is the successor to the JOC Inland Ports Logistics Conference which took place in Chicago, IL in...
Heartland Express's Profit Dropped 12 Percent in 2012 Trucking company Heartland Express reported its profit in the fourth quarter of 2012 was $14.3 million, dropping 16.5 percent from $17.1 million in the fourth quarter of 2011. For the full year of 2012, income was $61.5 million, falling 12.0 percent from $69.9 million in 2011. Quarterly revenue increased 3.8 percent year-over-year from...
Long Beach Says It'll Find Room for Chassis Long Beach Executive Port Director Chris Lytle assured truckers that the Southern California ports will find enough storage space in the harbor area for chassis now that ocean carriers are exiting the chassis business. "Big plots of land are not available, but some things can be moved around. We can make...
Is Trucking Primed for Pricing 'Renaissance'? ATLANTA - Move over railroads. The trucking industry may be rolling toward a "pricing renaissance" of its own, as rising operating costs and tight capacity push truck rates higher. Although annualized rate increases slowed in 2012, steady economic growth and industrial production, especially in the second half of 2013, could speed...
Trial Continues for Sea Star's Former CEO The antitrust conspiracy trial of former Sea Star Lines CEO Frank Peake, accused of involvement in price-fixing by carriers between the U.S. mainland and Puerto Rico, is nearing the end of its second week. Peake was indicted in November 2011. His trial began in San Juan on Jan. 14, following jury...
Seattle's Full Court Press It's not easy being an urban port. Case in point is Seattle's naturally deep-water port located to the south of that city's downtown. For years, developers have coveted the waterfront property that serves as one of the nation's largest container port operations. Instead of a working waterfront, they envision boutique...
Marten Transport Reports Record Fourth Quarter, Yearly Profit Mondovi, Wis.-based temperature-controlled truckload carrier Marten Transport this week reported the highest net income for any quarter and year in the company's history. Profit in the fourth quarter was $7.72 million, inching up 0.7 percent from the previous record of $7.66 million in the fourth quarter of 2011. For the full year...
MOL to test ballast water treatment 'in a box' ClassNK has given Mitsui OSK Lines the nod of approval for the installation of a packaged ballast water treatment system that can fit in a vessel's cargo hold in ...
South Korean box volumes rise on higher transhipments Container throughput at South Korean ports rose 4.1% on-year to 22.5m teu in 2012, hitting a record high for a second year on the back of higher transhipment volumes, ...
China's manufacturing growth quickening According to the HSBC's Purchasing Managers Index [PMI] China's manufacturing activity in January grew at its fastest pace in two years.The preliminary data records ...
Davos: Insufficient transport infrastructure stymieing global growth The great and the good are assembled at the Annual World Economic Forum [WEF] in Davos, Switzerland this week to debate the 2013 theme 'Resilient Dynamism'. Away ...
COLREGS reminder published The North P&I Club has produced a new loss prevention guide for watchkeepers on how to avoid collisions at sea. The publication follows critical industry ...
Seaspan signs $360m boxship order Seaspan has signed its second newbuilding contract of the year, placing a $360m order for four 10,000 teu ships just days after finalising a $600m deal.The New ...
Bugbee's top tip If you have ever wondered how Greek tycoons time their shipping investments you should stop scratching your head and fetch a piece of paper.
Gone in 30 days Ukrainian owner Ukrrichflot's boss Valentyn Hrytsentko has been "relieved" of his post after less than a month.
NewLead eyes expansion NewLead Holdings may have shifted gears in a bid to break into the commodities business but it hasn't forgotten its roots.
NNA ties up Bellatrix Navios Maritime Acquisition Corporation (NNA) has secured a three-year charter deal for its latest product carrier newbuilding.
Pribor shares secrets Filing Chapter 11 papers feels like a cross between childbirth and deciding to cut off your own arm, according to Jeff Pribor.
Oceanstar bags stellar rate Oceanstar of Greece is said to have fixed a newbuilding at well above the current market rate.
Navios Partners soars Angeliki Frangou optimistic for wider recovery after big jump in 2012 profit.
Atlantic orders again Norway's Atlantic Offshore has ordered a new emergency response and rescue vessel (ERRV) backed by a contract with Shell.
Curra cools China fear A Chinese mega-order for VLCCs is unlikely to reach the scale touted and is actually a positive for the market right now, ACM Shipping says.
Stena fire under control A blaze on a Stena Line ro-pax has been brought under control in the Baltic.
CSIC tops a billion China Shipbuilding Industry Co (CSIC) has revealed it has won newbuilding orders worth more than $1bn over the last year.
Flex LNG ups ante Flex LNG is threatening arbitration proceedings against Samsung Heavy Industries (SHI) after failing to settle a long-running dispute with the Korean giant.
Costs keep Keppel back Singapore shipyard group Keppel Corp's earnings have fallen for 2012 as expenses rose.
Zhang cedes control Zhang Zhi Rong, the owner of Rongsheng Heavy Industries, has relinquished his controlling interest in the Chinese shipbuilder.
KNOT in new Repsol link Knutsen NYK Offshore Tankers (KNOT) has penned a 10-year charter contract for a newbuilding under construction at Cosco Zhousan in China.
BLRT in divi row Estonian shipyard group BLRT is facing a shareholder revolt over its decision to not pay dividends.
Ferry's "box of lies" The crew of Canadian ferry Queen of the North cast doubt on its electronic chart system before the vessel's fatal crash in 2006.
Moby merger rejected Shareholders of the privatised Tirrenia CIN have put the brakes on a potential merger with Vincenzo Onorato's Moby Lines.
Ezion downgraded Ezion Holdings, a darling of the Singapore stock market, has been downgraded in the wake of a run up in its stock price.
LNG prospects dim LNG freight rates strengthened in December as winter demand kicked in, but have yet to reach the levels of a year ago.
Port Hedland re-opens Australia's Port Hedland resumed operations on Wednesday after briefly closing due to a tropical storm.
BWTS in a box Mitsubishi Heavy Industries has developed a ballast water treatment system (BWTS) that fits in a large container.
Steel output flat in 2012 Global steel production inched up only 1.2% last year to 1.55bnt latest trade figures show. However, this was still a new record.
Costamare expands fleet Costamare has acquired a 6,000-teu containership in a deal worth $22.2m and has already secured short term charter for it.
Analysis: Air cargo activity ramps up internationally Barring any macroeconomic collapses - the debt-ceiling negotiations have the potential to wreck even the most conservative predictions - volumes and yields will continue to increase toward the end of the year.
Liberty files suit against MarAd over MSP program
CN's operating profit grew 12% in 2012 Calendar-year revenues increased 10 percent to more than C$9.9 billion, with all business units registering gains, led by petroleum and chemicals at 15 percent to C$1.6 billion. Intermodal revenue grew 11 percent to C$2billion.
Trucking tonnage ends 2012 on high note "As paychecks shrink for all households due to higher taxes, I'm expecting a weak first quarter (2013) for tonnage and the broader economy," the ATA's chief economist, Bob Costello, warned in a statement.
Seaspan orders ships for MOL Seaspan has signed contracts for the construction of four 10,000-TEU class vessels that will be chartered to the Japanese liner carrier. The ships, to be built in China, are scheduled for delivery in 2014.
Crude trades higher as gasoline inventories decline Refineries operated at their lowest levels since March 2012.
Market steady in Fujairah Prices in South Africa were soft.
Price outlook variable in major European ports Bunker prices make small gains in Rotterdam.
Greece: Seafarer strike call Action to be 'warning' over changes in labour practices.
Low sulphur demand steady despite fuel switch scheme Players say Hong Kong's voluntary progamme has not triggered an increase in demand.
Dan-Bunkering adds staff in Shanghai New team member brings experience of logistics and bunkering.
Singapore fuel oil stocks near five-month low Demand from South Korea up by 18%.
Asian bunker prices show signs of strengthening Prices in Tokyo Bay, however, went down.
'Eco' feeder vessel uses less fuel 'Fuel-efficient feeder ships will be in demand against fuel-guzzling alternatives.'
Bunker player to operate Danish tank farm Monjasa's CEO says port of Skagen is 'extremely well positioned'.
Mitsubishi, Mitsui jointly develop ballast water treatment system The new technology can be completed at pier and does not require cutting of the ship's side shell.
Finland's low sulphur fuel initiative has EU backing Amendments bring scheme into line with EU's state aid rules.
Outlook on LNG sector uncertain, says analyst Low shipping rates and rising LNG prices will hamper recovery.
Deutsche Bank: China's fuel oil demand may weaken in 2013 But crude and gasoil consumption is set to rise this year.
Seaspan orders four container ships Seaspan Corporation has inked contracts for the building of four 10,000 TEU containerships.
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