THY establishes RFS network in southern Africa Turkish Cargo, the freight branch of Turkish Airlines, aimed to provide more efficient cargo delivery and to increase its delivery area by starting road feeder services (RFS) in so...
Alstom and Russian partner TMH test 2ES5 freight electric locomotive Alstom and its Russian partner Transmashholding (TMH) have successfully started to test their jointly developed 2ES5 freight locomotive prototype at the Novocherkassk Electric Loco...
Germany extends controversial gigaliner trials Germany's ministry of transport has given permission for 60 new stretches of road to be used for gigaliner trials. One of the new routes is the Bremen motorway. The trials with th...
Egypt to invest in rail system In the wake of a tragic train accident at the beginning of 2013, Egypt is looking to step up investment in its railways to improve safety, and upgrade infrastructure and rolling st...
AMI opens in India Air Menzies International (AMI), a trade-only airfreight and express wholesaler, has created a new regional division to spearhead its development in India, and launched its own ope...
TNT Express lightens carbon footprint with gigaliners in Scandinavia The Dutch service provider TNT Express has put longer and heavier trucks into service on the 200 km route between Puttgarden (Germany) and Helsingborg (Sweden). The company's use o...
NOL suffers USD 419 million loss in 2012 Singapore-based Neptune Orient Lines (NOL) posted a full year net loss of USD 419 million, mainly due to a Q1/2012 net loss (before non-recurring items) of USD 255 million and one-...
TNT Express announces new CEO for June 2013 TNT Express has appointed Tex Gunning as its new chief executive officer (CEO), with effect from 1 June. Bernard Bot, who has been acting as interim CEO, will remain on the executi...
Railrunner puts more emphasis on European operations RailRunner NA Inc, a US developer of rail products and services for low-cost intermodal transportation solutions to shippers, is strengthening its European operations by sending it...
DB Schenker named European logistics service provider for SolarEdge The firm SolarEdge has appointed DB Schenker in the Netherlands as its logistics service provider for Europe. SolarEdge is one of the leading solution providers for boosting perfor...
Eurocopter and SDV put first hybrid shuttle on the road in Germany Eurocopter and its leading transport provider SDV have put their first hybrid truck on the road in Germany. The vehicle is used to operate a shuttle service between Eurocopter's pl...
Damco saw significant growth in 2012 Damco, one of the world's leading freight forwarding and logistics service providers, reported that its net revenue in 2012 increased to USD 3.272 billion, 19% more than the USD 2....
Tackle debt, cut costs Singapore's Neptune Orient Lines faces tough challenges despite real progress on costs
IG reveals new general excess loss reinsurance set-up Complex pooling structure seeks to hold down reinsurance costs
König bulk KG insolvent after Sanko collapse Japan bankruptcy claims fresh casualty after dropped capesize struggled to repay its debts
Demand bond or guarantee? The Court of Appeal answers a $10m question
The risks that threaten the box-leasing boom Lessors face up to counterparty risk, fluctuating demand and competition
Rickmers Maritime posts double-digit drop in annual net profits Singapore boxship owner blames dip in charter revenue at year-end
Should armed guards be allowed to use heavy calibre firearms? Belgian law permitting 0.5-in calibre assault weapons reignites row over appropriate use of force
Cargill eyes return to shipowning with capesize order Herd instinct kicks in again as heavy hitters rack up big bulker orders
OSG hits back at BP move to liquidate Alaska joint venture New setback for bankrupt tanker firm as oil major seeks to exit long-term partnership
No soft touch Shipping will find the additional lending helpful but cannot expect salvation
Feeding the yards Cexim stands by its ship finance target of $3bn for 2013
STX OSV profits fall 83% in fourth quarter Company landed just two new orders and faced operating problems in Brazil
Caribbean aframax earnings surge $6,000 in a week Earnings for 70,000-tonne cargoes hit $16,618 per day and could go higher
Chinese lenders on a learning curve Institutions bankrolling shipping get a first taste of portfolio problems
Nam Cheong posts double-digit rise in annual profit Offshore boom in Brazil, West Africa and Malaysia bring positive outlook
China ship finance keeps flowing Foreign players tap loans despite gap in expectation between owners and policy banks
Antonini resigns at Fincantieri CORRADO Antonini, one of the best-known figures in European shipbuilding, has resigned as chairman of Fincantieri
J Lauritzen's losses deepen DANISH drybulk, tanker and offshore services group J Lauritzen today blamed one-off items for deeper full-year losses in 2012
NewLead integrates coal sales and fleet ops NASDAQ-listed NewLead today announced another coal contract and confirmed that these cargoes will be delivered by its controlled fleet
US sentenced PIL for pollution cover-up SINGAPORE'S PIL was ordered to pay $2.2M for hiding illegal bilge water operations on one of its vessels
RMT's profits plunge 80% RICKMERS Maritime Trust said today its profits plunged 80% year on year to $2.24M in 4Q12, due to unforeseen repairs and impairments
More Scorpio orders tipped SCORPIO Tankers's new credit facility signals more 'eco' newbuilding contracts ahead, according to Evercore analyst Jon Chappell
OOCL seeks second rise within a month OOCL SAID today it would seek a general rate rise on its trans-Atlantic routes as of 1 April
China imports 15% less maritime equipment CHINA'S maritime equipment imports decreased nearly 15% year on year to $4.37Bn in 2012, customs said
BC reaches pipeline accord? BRITISH Columbia's has sought to quell opposition from native tribes to building an LNG export pipeline by earmarking C$32M ($31.24M) for them
STX OSV profits plunge 45% SINGAPORE-listed Norwegian offshore vessel builder STX OSV said today 2012 profits fell 45% year on year
MISC returns to profitability MISC HAS returned to black ink with full-year earnings of $324.6M in 2012, reversing $487M in losses for 2011
Throughput rises 30.7% at 3 Taiwan ports TAIWAN'S Keelung, Taipei and Suao ports have handled 240,000teu last month, 30.71% more throughput than in January 2012
Transatlantic cuts losses but stays in red REDERI AB Transatlantic said today it remained deep in the red, both in full-year and final-quarter 2012
Box port activity rises CONTAINER handling volumes continued to grow on a global scale last month despite the drag from Europe's recession
CEXIM sees $3Bn in 2013 shipping loans CHINA Export-Import Bank has predicted $3Bn in lending to shipowners in 2013, 42.8% more than 2012
Trade of Softwood Lumber Fell 2.5 Percent in 2012 Global trade of softwood lumber fell by about 2.5 percent in 2012, with practically all of the major lumber-consuming countries reducing imports, following two years of increased trade, according to the Wood Resource Quarterly. As a result of a weakening U.S. dollar, conifer fiber prices increased in U.S. dollar terms in...
Annual Review & Outlook 2013: CLECAT Freight forwarding has been one of the most successful sectors of the global logistics industry over the past decade. The industry has achieved substantial growth due to globalization, which has led manufacturing to locate to remote markets. The global economic environment in which companies have prospered, however, is becoming much more...
Dubai International Airport's Cargo Volume Rises Improving U.S. and European consumer confidence was credited with rising demand for freight movements at Dubai International Airport last month. Total volume increased 8.6 percent from 173,531 tons in January 2012 to 188,520 tons last month, according to figures from Dubai Airports. "The latest data signals a return to robust growth in...
Hong Kong, Thailand Sign Trade Cooperation Agreement Hong Kong and Thailand have signed a cooperation agreement to strengthen trade and economic relations between the two. C Y Leung, Hong Kong's Chief Executive, and Yingluck Shinawatra, Prime Minister of Thailand, witnessed the signing by Gregory So, Hong Kong's Secretary for Commerce and Economic Development, and Boonsong Teriyapirom, Thailand's Minister of...
Annual Review & Outlook 2013: C.H. Robinson Worldwide Supply chains increasingly are viewed as a key competitive differentiator. Since the recession, shippers have aggressively sought supply chain savings. Examples such as modal conversion options from truck to intermodal, or air to ocean, allow shippers to capture potential savings without having to sacrifice service. As supply chains become more global...
Mitsubishi Logistics to Enter Myanmar Market Japan's Mitsubishi Logistics Corp. said that it and Hong Kong-based Jupiter Global Ltd. will set up a 50-50 joint venture in Myanmar, formerly called Burma, to provide logistics services in the highly promising Southeast Asian market. The Tokyo-based company's move comes as the United States and the European Union have eased...
Samskip Opens New Route for Rural Iceland Samskip has launched a new container shipping route for rural Iceland. One of Samskip's container vessels will sail from Reykjavik to Isafjordur, Akureyri and Reydarfjordur in Iceland to Immingham in the U.K. and Rotterdam in the Netherlands, calling at Kollafjordur in the Faroe Islands along the way. From Rotterdam, the vessel...
Brazilian Port Workers Delay Strike to Negotiate Brazilian port workers have agreed to delay their planned strike until March 15 to negotiate with the government changes in its ports plan. The agreement was made during a meeting in Brazil between the representatives of the unions, federations and Leonidas Cristino, the Chief Minister's Secretariat for Ports. Paulo Pereira de Silva,...
California Eyes Freight Plan to Bolster Competitive Position The state of California has had it with East Coast and Canadian ports poaching its cargo, and a proposed bill in the state Legislature will tackle this problem by developing a state freight plan to invest in port, highway and rail infrastructure. "The big story in California is beat the canal,"...
US Lumber Industry Worried by British Columbia's Log Export Policy Changes The U.S. Lumber Coalition is concerned by British Columbia's recent log export policy changes, particularly a 20 percent increase in the "fee in lieu of domestic manufacturing" applied to many log exports that will take effect on March 1. These measures to tighten log export restrictions on the BC coast will...
Annual Review & Outlook 2013: CargoWise 2012 began with the global trade interests bracing for economic storms. It ended with a literal storm. As Hurricane Sandy sent waves crashing through homes in much of the U.S. East Coast, airports such as John F. Kennedy and LaGuardia in New York, and Newark Liberty in New Jersey closed....
Shippers and forwarders demand e-invoices Shippers and freight forwarders are increasingly demanding electronic invoices as they seek to remove inefficiencies from business processes, according to research ...
Rise in container throughput in January Container volumes across global ports jumped by over 2% in January as shipments were brought forward as a result of the closure of manufacturing sites in China ...
Emma arriva at Palermo The stricken Maersk Line flagship Emma Maersk arrived at Fincantieri's repair yard in Palermo, Sicily yesterday after transiting the 1,276 miles from Port Said ...
Auckland suffers New Zealand's North Island Ports of Auckland suffered an 8.9% drop in its container throughput in the first six months of its trading year, ending on December 31, ...
Jaxport pursues deeper harbour to increase competitiveness Jaxport Port Authority has announced that it will supply additional funding to dredge its harbour to no less than 47 feet to ensure it can handle fully-loaded container ...
Port of Tacoma moves ahead 36% in January The US west coast Port of Tacoma saw its throughput jump by 36% in January, compared to the same month of 2011, to 148,707 teu - due mainly to the continued benefit ...
CIMC eyes 20 post-panamax ships for charter to MSC China International Marine Containers, the world's top container manufacturer, is reportedly talking to several compatriot shipyards to order up to 20 post-panamax ...
NewLead pens coal pact Greek owner intends to service supply contract with owned and chartered tonnage.
Fincantieri says farewell Members of Europe's shipbuilding community were scratching their heads Tuesday after learning that Corrado Antonini has left Fincantieri's board of directors.
Cargill tied to cape play Cargill appears to have lined up an order for up to six capesize bulkers at China's Shanghai Waigaoqiao Shipbuilding.
Hostages freed West African pirates have released six seafarers who were taken hostage off Nigeria nearly two weeks ago.
Scorpio's sweet spot The rapid pace of Scorpio Tankers' fleet expansion campaign will likely continue in the months to come, management told investors Tuesday.
Bulk bites Lauritzen Charter defaults and crashing asset values sent J Lauritzen spinning to a huge $350m loss in 2012.
Badger bouncing back A veteran coal-powered ferry is set to start the shipping season in the Great Lakes despite its lack of an operating permit.
VL profit two years away VLCC owners must wait for at least two more years before their more expensive vessels return to profitability, Morgan Stanley says.
Rickmers offloading? Germany's Rickmers group has sold four 1998-built cargo vessels into China, according to London broker Clarkson.
Platou charts pullback Shipowners throttled back even more in the past there months as they looked to reduce supply in troubled markets, data from RS Platou Markets says.
Long arm of the law An Indian court has ordered the arrest of a general cargoship as manager Tradex Shipping tries to recover fees.
"My life is over" The crewman accused of running the Canadian ferry Queen of the North aground knew he was in big trouble after the accident, a court has heard.
Rickmers Maritime falls Singapore-based containership owner Rickmers Maritime has seen 2012 profit eroded by higher costs.
Swede to slice some more Rederi AB TransAtlantic will push ahead with further cost cuts after another annual loss left the Christen Sveaas-led company unsatisfied.
BLRT in ferry fight Estonian shipbuilding group BLRT has gone to court to fight its failure to win a key ferry newbuilding contract.
"Size matters" Typifying the bubble in which Scorpio Tankers appears to operate right now good news dominated bad as it wheeled out its fourth quarter report yesterday.
Statoil keeps trio Norway's Statoil has extended charters for three anchor-handlers for up to six years.
Reite raises AHTS hope STX OSV is hopeful top line anchor-handler contracts will pick up this year after seeing its fourth quarter profit tumble.
Bulker spill reaches shore Oil from the sunken Singapore bulker Harita Bauxite has reached Philippines beaches.
Jefferies downs Pac Basin Fears Pacific Basin Shipping will fall into the red this year have led Jefferies to drop its rating on the company.
Better for BC Canada's BC Ferries has posted bigger nine-month profit as its third quarter loss was cut.
Rongsheng denies issue China Rongsheng Heavy Industries Group has refuted reports it plans to sell $200m of shares in a private placement.
Spot scars Eidesvik Eidesvik Offshore has seen its fourth quarter numbers curtailed by a weak North Sea spot market.
Sealink takes half Malaysia's Sealink International has snapped up half of a domestic operator which charters one of its ships - and has another on order.
Wan Hai master held Japanese coast guards have arrested the captain of a boxship involved in a fatal collision with two fishing boats.
Order surge begins Vancouver Shipyards has won preliminary vessel orders from the Canadian government worth $15.7m.
Costs punish GulfMark Seasonally lower revenues and higher operating costs have combined to push GulfMark Offshore to a loss in the fourth quarter.
Nam Cheong ends on high Nam Cheong, Malaysia's largest builder of offshore support vessels, has made a strong finish to the 2012 financial year.
PIL gets US spill fine Pacific International Lines (PIL) has been fined $2.2m for operating a ship in US waters without a working oily water separator.
Emma makes Palermo A Maersk Line containership that suffered a flooded engine room in the Suez Canal has arrived in Italy to begin repairs.
Scorpio sees red Scorpio Tankers has ended the year in the red posting a fourth quarter loss of just under $5m.
NEWSFLASH: FMCSA rejects ATA's hours of service delay request On Jan. 25, the American Trucking Associations requested the Transportation Department agency delay the start of the rules by three months to ensure enough separation between the judgment of the group's court challenge.
JFK air cargo report released The report presents 52 recommendations to help JFK International Airport improve as a domestic leader in the air cargo industry, stemming its 600,000-ton decline in cargo activity over the past decade.
Maersk hiking Med rates
Va. lawmakers pass landmark transport funding bill Virginia Gov. Bob McDonnell didn't get everything he wanted in his five-year plan to raise $3.1 billion for surface transportation, but his proposal finally got the General Assembly to address the state's crumbling infrastructure.
Washington Notebook: DOT warns of sequester's impact on aviation
MOL North America's KPIs improve in January
Washington state dray bill passed by committee A proposed law, H.B. 1719, that would force the ports of Seattle and Tacoma to employ drayage truck operators to move containerized cargo, was approved 5-4. The bill may be put on the state's calendar for a second reading.
European Parliament halts emissions trading for airlines
WTO trade agreement crucial, air cargo group says
Jacksonville prefers 47-foot port channel depth
FDA starts cantaloupe packinghouse inspections
Mulling Europe's overweight container problem The European Shippers Council has proposed that problems related to misdeclared container weights can be dealt with through better exchange of information between shippers and container liner companies.
CargoSphere releases rate network update
Port of Brunswick to handle Toyota Venzas
Wine shippers sign on Descartes' mobile fleet application
Great Belt bridge to get sulphur detection 'nose' New technology being developed to enable reporting of ships breaching sulphur limits at sea to authorities.
Prices soft in Fujairah Avails tight in Suez.
MGO prices show big drop in Rotterdam and Hamburg Demand soft in Gibraltar.
Player aims for turnover of $100 million in first year Endofa Energy structured to provide 'flexibility and swift decision-making.'
New member joins Dynamic Oil's bunker trading team New addition brings with him industry knowledge and contacts.
Rickmers' annual profit down Singapore-based owner points to higher costs eating away at bottom line.
Conflicting predictions over fuel oil arbitrage volumes Shipping and trade sources say March volumes into East Asia will be up month-on-month.
Shell to buy LNG assets Deal in offing would boost oil major's LNG exposure.
Frontline reduces losses in 2012 Tanker owner restructuring possible if poor markets persist.
Iran to double refining capacity Some new plants will use fuel oil as a feedstock.
Asian shipbuilder covets pioneering role on LNG-fuelled ships Higher building cost offset by efficiency gains, says Japanese yard.
New order for Wartsila scrubbers Four newbuilds under construction in South Korea are being fitted with exhaust gas cleaning systems.
Asia bunker prices continue heading south Some traders attribure the falling bunker prices to a dip in crude prices.
Annual profit down for New York-listed offshore firm Company booked loss in fourth quarter.
SOCAR subsidiary receives Turkey bunker supply licence Bunker supply permit valid for 15 years.
Dubai-based firm expands into bunkering sector Khoie Group in discussions to launch a $200 million, five-year Islamic bond to support operations.
Iran could 'seek exemption' for nuclear powered ships 'Iran should be allowed to enrich uranium for nuclear powered ships.'
Seychelles supplier expands tank farm Seypec adding three more fuel tanks.
Scorpio Tankers narrows losses in Q4 Firm 'realising the fuel savings' from newbuildings, says CEO of Scorpio Tankers.
- 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
