Containerisation International names 2013 winners Mediterranean Shipping Co founder and president Gianluigi Aponte receives Lifetime Achievement Award and Maersk named Carrier of the Year
Baltic Exchange Capesize Index moves with the times Proposed changes to take account of larger ships and Asia's diverse and growing trades
A bankruptcy guide to preventing creditors arresting your vessels Cash-strapped owners struggle to maintain operations
TMT takes legal refuge in the States Debtor-friendly US courts draw bankrupt owners
A test of comprehension An industry starved of profit lacks a proper strategy to address future seafaring needs
Jensen steps down at Eitzen Chemical Oslo-listed chemtanker firm pondering second restructuring
Aponte wins Lifetime Achievement Award Containerisation International recognises entrepreneurial MSC founder and president
Wärtsilä develops dual-fuel engines for larger ships Owners want ability to retrofit gas power technology to meet commercial need
Essar Shipping records narrower third-quarter losses Indian carrier improves performance on stronger capesize rates
Alpha Tankers and Freighters confirms bulker talks Owner adds chartering teams in Athens and Singapore as HHI is favourite for capesizes
CSICL posts 11.5% gain in third-quarter profits Flagship unit of CSIC improves profitability on lower tax payout
Transatlantic product tanker earnings plummet to all-time lows US demands fewer gasoline imports
Melbourne privatisation would benefit box development Released funds could go towards logistics at Hastings container terminal
Crowley offering raises $200m Money earmarked for newbuildings
Transnet reports 14% increase in half-year revenue Intermodal growth brings rewards for South Africa transport conglomerate
TAL box-leasing revenues rise to $144m Fleet utilisation averages 97.3% for the third quarter of 2013
APM Terminals agrees three-year labour deal for Maasvlakte 2 Unions say heavy automation at Rotterdam hub will slash job opportunities
Costamare confirms first newbuilding joint investment with York Capital Greek boxship owner's third quarter exceeds analysts' expectations
Costamare plans more boxship buys Zikos pledges transactions that generate sound returns
Knightsbridge joins restructuring of Titan Petrochemicals Fredriksen and Chinese state giants want a piece of the troubled logistics firm
Weighing up trans-Arctic shipping options Why compare transits through Canada's Arctic waters with those over Russia?
Lender CIT targets leasing sector US-based player expects 15 transactions by year-end
US proposes oil rules TANKER operators will be asked to participate in proposed new rules by the US Coast Guard addressing oil transfers
Essar chops losses ESSAR Shipping cut its third-quarter losses to 112M rupees ($1.8M), from 359.9M rupees lost in 3Q12
Maasvlakte II labour accord agreed APM TERMINALS said today it has reached "a principal agreement for a new collective labour agreement" in the Netherlands
Navig8 raises $150M, orders tankers NAVIG8 Product Tankers said it has raised $150M on the Oslo market in a private placement and ordered four product tankers
BC looks to Asia for alternative LNG market CANADA hopes that Asian LNG demand will offer a way out for excess natural gas supply in British Columbia, delegates heard in South Korea
Sainty Marine's profits rise 50% in 3Q SHENZHEN-listed Sainty Marine said today its profits climbed 50% year on year to 29M yuan ($5M) in 3Q13
UN focuses on piracy TIGHTER shipboard security and naval patrols were the main factors that reduced pirate attacks off Somalia to drop to 2006 levels during this year's first nine months, a UN study has found
STX O&S seeks orders for LNG tankers STX Offshore & Shipbuilding will start promoting orders for LNG bunkering tankers
CSICL profits fall 27% SHANGHAI-listed CSICL, a flagship listed unit of CSIC, said its profits fell 27% year on year in the first nine months of 2013
COSCOL's profits return SHANGHAI-listed COSCOL said today it returned to the black in 3Q13 year on year
China's breaking imports drop by 31% CHINA's import volume of ships for breaking has dropped by 31% year on year during the first nine months of 2013
Iron ore futures launched THE WORLD's first iron ore futures for physical delivery have been launched on the Dalian Commodity Exchange
Schneider: Driver Work Rules Cut Productivity 3.1 Percent Schneider National is using technology in the truck cab and the back office to track the impact of new truck driver hours of service rules, and so far, the results have not been good. The carrier blames the HOS changes - which starting July 1 added a mandatory daily break and...
3PLs Morphing Into Supply Chain Managers Third-party specialists in domestic shipments are expanding beyond basic freight brokerage into the transportation systems management. This shift is the most striking current trend in third-party logistics, said Dick Armstrong, chairman of Armstrong & Associates, the Stoughton, Wis.-based consultant specializing in 3PLs. "Domestic transportation management is the 3PL segment where we're...
US Intermodal Rates See First Decrease in More Than a Month Overall index, week of October 21, 2013 Full-size image An index of U.S. intermodal rates fell in the week ending Oct. 21, following five straight weeks of increases. The index rate suffered a $24 decline, according to data on all-inclusive 53-foot door-to-door spot pricing quoted by railroads and provided by the 3PL IDS, slipping...
New Super-Post-Panamax Cranes Operational at Port of Savannah Georgia Ports Authority's newest and largest ship-to-shore cranes work the Nedlloyd Hudson, a Maersk vessel, at the Port of Savannah.Four super-post-Panamax cranes that arrived at the Port of Savannah in June are now fully operational at Georgia Ports Authority's Garden City Terminal. "Our new cranes, coupled with the pending harbor deepening...
Seattle Terminal Operators, Port Seek Permission for Discussion Agreement Elliott Bay terminals, Port of Seattle. Photo: Don Wilson.Terminal operators at the Port of Seattle filed a request with the Federal Maritime Commission to form a discussion agreement that would allow the terminals to jointly discuss operations, facilities, services and other matters in an effort to increase efficiency at the...
Intermodal Company Targets Supermarkets With Produce Service A newly launched intermodal company aims to provide direct transport of produce from farms to major North American supermarkets by following the shifting growing season. Tiger Cool Express, set to launch service in the spring, is the latest company entering the burgeoning temperature-controlled intermodal market. The new refrigerated service offerings come...
Swift Transportation's Profit Drops 11 Percent Swift Transportation reported its net income in the third quarter of 2013 was $30.0 million, dropping 11.0 percent year-over-year from $33.7 million. However, quarterly revenue for Swift Transportation, No. 6 in JOC's Top 50 Trucking Companies, was $1.0 billion, rising 4.0 percent from $992.6 million in the third quarter of 2012....
JOC Inland Sponsor Video: Vann Cunningham, Assistant Vice President of Economic Development for BNSF Vann Cunningham, assistant vice president of Economic Development for BNSF, on the driving trends behind the growth of logistics hubs and the community involvement behind projects such as Logistics Park Kansas City....
Mega-Ships Drive Investment in US West Coast Infrastructure MSC Fabiola at the Port of Long Beach, Calif.West Coast ports today are capable of handling the water and landside demands that the current generation of big ships are making on their infrastructure, but they must spend billions of additional dollars to accommodate even bigger container ships that will call...
JOC Inland Sponsor Video: Patrick Robinson, NorthPoint Development's Vice President of Development NorthPoint Development's vice president of development Patrick Robinson on the inland distribution landscape of Kansas City, Mo., and the impact of overall economic recovery on tenancy in projects like Logistics Park Kansas City. ...
JOC Inland Sponsor Video: Randy Bayles, Director of International Intermodal, Norfolk Southern Randy Bayles, director of international intermodal, Norfolk Southern, explains short-haul intermodal basics, working with distribution centers and the choice between trans-continental or East Coast service. ...
JOC Inland Sponsor Video: Brian Bowers, Kansas City Southern's Senior Vice President of Sales and Marketing Brian Bowers, Kansas City Southern's senior vice president of sales and marketing, intermodal and automotive, on activity in Mexico, specifically the growth of Lazaro Cardenas and the impact of recent relocations by car manufacturers. ...
JOC Inland Sponsor Video: Patrick Ottensmeyer, Kansas City Southern's Executive Vice President and Chief Marketing Officer Patrick Ottensmeyer, Kansas City Southern's executive vice president and chief marketing officer, explains the appeal of near-shoring in Mexico and addresses the question of security and safety concerns there....
Costamare Boosts 3Q Income, Voyage Revenue Costamare's net income jumped to $20.9 million in the third quarter from $12.5 million a year ago as the Greek charter shipowner ordered its first container vessels with its U.S. equity partner, York Capital Management. The NYSE-listed company booked voyage revenue of $110.1 million in the three months through Sept. 30,...
ODFL's Profit Improves Nearly 18 Percent Old Dominion Freight Line reported its profit in the third quarter of 2013 increased 17.8 percent to $60.1 million, from $51.0 million in the third quarter of 2012. Quarterly revenue for ODFL, No. 5 in JOC's list of the Top 25 Less-Than-Truckload Carriers, was $616.5 million, rising 12.0 percent year-over-year from $550.5...
Echo Global Logistics Recognized by Forbes as One of "Best Small Companies in America" CHICAGO, IL -- (Marketwired) -- 10/22/13 -- Echo Global Logistics, Inc. (NASDAQ: ECHO), a leading provider of technology-enabled transportation and supply chain management services, announced today its selection by Forbes as one of the "Best Small Companies in America," one of 100 companies to receive the distinction. "We are proud to have earned recognition by Forbes...
Werner Enterprises Receives US EPA 2013 SmartWay Excellence Award OMAHA, Neb.--(BUSINESS WIRE)--Oct. 22, 2013-- Werner Enterprises (NASDAQ: WERN), a premier transportation and logistics provider, was honored with a SmartWay® Excellence Award from the U.S. Environmental Protection Agency as a true industry leader in freight supply chain environmental performance and energy efficiency. Werner is committed to controlling excessive fuel consumption and pollutants through several tactics:...
Werner Enterprises to Participate in the Baird Industrial Conference OMAHA, Neb.--(BUSINESS WIRE)--Oct. 23, 2013-- Werner Enterprises, Inc. (NASDAQ:WERN) ("Werner"), one of the nation's largest transportation and logistics companies, announced that John J. Steele, Executive Vice President, Treasurer and Chief Financial Officer, will participate in the following transportation investment conference. Baird Industrial Conference: Tuesday, November 5, 2013, in Chicago, Illinois, presenting at4:00 p.m. CST. A live...
Transplace Honored With Environmental Protection Agency's Annual SmartWay Excellence Award October 22, 2013 (Dallas, TX) - Transplace, a leading provider of transportation management services and logistics technology, today announced it has received the SmartWay Excellence Award from the U.S. Environmental Protection Agency (EPA) for being a true leader in freight supply chain environmental performance and energy efficiency. For the third time,...
CEVA awarded 2013 SmartWay Excellence award Houston, USA, 22 October, 2013 - CEVA Logistics, one of the world's leading supply chain management companies, was today awarded the 2013 SmartWay Excellence award for environmental performance by the US Environmental Protection Agency (EPA) at the annual conference of the Council of Supply Chain Management Professionals (CSCMP) in Denver,...
BEL eyes bankroll Belships of Norway appears to be closing in on the cash it needs to fund a pair of supramax bulkers that are under construction at Imabari Shipbuilding in Japan.
IMS narrows loss IM Skaugen (IMS) of Norway turned in a third-quarter loss Thursday but said it remains confident that demand for its fleet of gas carriers will continue to rise in the months ahead.
RCCL ups forecast Royal Caribbean has raised its full year earnings guidance after turning in a better than expected set of third quarter numbers.
Frangou fronts Oslo issue Dry-cargo start-up Maritime Investments is the latest venture seeking to tap the red hot capital markets in Oslo.
Four more for d'Amico Italy's d'Amico International Shipping (DIS) has added to its growing orderbook in Vietnam with a deal for four handysize tankers.
Eitzen seeks new cash Norway's Eitzen Chemical has brought in US investment banking advisor Evercore to find ways of raising money for fleet expansion.
Two seafarers kidnapped Nigerian pirates have snatched two US seafarers from an Edison Chouest-owned platform supply vessel.
Jensen quits Eitzen Chemical Eitzen Chemical CEO Per Sylvester Jensen is leaving the company due to serious illness in his family.
Scorpio may miss in Q3 Scorpio Tankers could disappoint the market with a loss in the third quarter, two leading finance houses say.
Essar Shipping cuts loss India's Essar Shipping made a smaller loss in the third quarter of the year despite a big drop in revenue.
VLGC era emerges Pareto Securities has predicted VLGCs could become "cash flow cows" over the next couple of years as it initiated coverage of two freshly floated owners with buy ratings.
CSIC profit dips China Shipbuilding Industry Corp (CSIC) has seen profit cut back in the first nine months of 2013.
Triyards down by a third Ezra Holdings spin-off Triyards has reported lower final quarter earnings on falling revenue.
Foggy fiasco Bridge team criticised for grounding and holing of Seaforce bulker in the Thames.
The flying Dutchman If you ever had to land a plane on a ship at sea, what would you pick?
Court blow for Titan Liquidators are to examine the restructuring plans of struggling Hong Kong group Titan Petrochemicals.
Siem boosts bottom line Higher margin work helped lift Siem Offshore to an improved third quarter despite a dip in revenue.
Cape coup for Hanjin Korea's Hanjin Heavy industries & Construction has sealed an order for two new capesizes worth KRW 116.25bn ($109m).
Gdansk plots buy Cash-strapped Gdansk Shipyard is plotting a move for facilities it has been leasing, despite being close to bankruptcy.
Capital eyes IPO Shipping company Capitol Nusantara Indonesia is planning an initial public offering (IPO) on its domestic stock exchange.
WSF nears LNG switch Washington State Ferries (WSF) is near to sealing a deal to convert six ferries to run on LNG to save cash.
Wartsila on the up Finnish ship engine giant Wartsila has pushed up 2013 profits as the newbuilding market picked up.
Bulker surge back Japanese shipbuilders have seen a resumption in the demand for smaller sized bulkers latest figures show.
LD Lines targets Spain LD Lines is expanding its European ferry operations with a new service between the UK and Spain.
Crowley in fundraiser Crowley Maritime Corp has successfully raised $200m through the issue of 200,000 preferred securities.
Navigator takes one Navigator Gas has returned to Jiangnan to exercise one of two options it holds at the Chinese yard for an LPG tanker newbuilding.
CMRE profits on the up Costamare's fleet expansion continues to pay dividends as the shipowner reported a 67% increase in third quarter profits.
SCL Group acquires Dallas-based KFS "As I explored retirement options, we searched for a buyer that would provide the best home for our customers and employees," said Jim Keller, president of KFS, in statement.
U.S. trade deficit changes little in August The U.S. trade deficit in goods remained virtually flat in August, increasing by $100 million from July to $58.2 billion, as exports decreased by $300 million to $132.4 billion; imports decreased by $100 million to $190.7 billion.
APM Terminals reaches deal for operation of new Rotterdam terminal Officials at the Maasvlakte II terminal have negotiated a three-year collective labor agreement with two Dutch unions, FNV and CNV. The new terminal has been in the testing phase since July 2013 and will open in November 2014.
Water technology company to use Amber Road for export screening
Cleveland port readies for Europe box service The Port of Cleveland said it plans to start a regularly scheduled express ocean shipping service between Cleveland Harbor and Europe in April. It will be the only scheduled international container service on the Great Lakes.
Panalpina settles civil suit for $35 million
GPA's newest giant gantry cranes up and running
Revenues up for Old Dominion in 3Q
TNT Express breaks ground on Saudi hub
Ex-Im Bank puts more than $1 billion back in Treasury
Norfolk Southern ends 3Q with revenue increase
House passes Water Resources Reform and Development bill
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