More overtaking lanes for state of Victoria's western highway The company Cut and Fill Pty Ltd has been awarded a contract to install new overtaking lanes along the Western Highway in Victoria (Australia). Work is expected to begin later this...
Hapag-Lloyd to increase rates The German shipping company Hapag-Lloyd will increase the rates on its trade route from East Asia to Mexico and the west coasts of Central America and South America by USD 500/teu...
Federal Freight and Knorr-Bremse set up JV in Russia JSC Federal Freight, a major Russian rolling stock operator, and the German company Knorr-Bremse have set up a joint venture in Russia to produce equipment for rolling stock. The t...
Fewer jobs in US airlines US airlines had 582,401 full and part-time employees on their books in December 2012, or almost 5,000 less than in comparison with the like-for-like period in 2011. The official fi...
VTG to augment railcar fleet Hamburg (Germany)-based VTG Aktiengesellschaft, a European global wagon hire and rail logistics company, is planning to make more investments in its rolling stock fleet this year. ...
CP Group's cargo traffic rises in January The combined Cathay Pacific and Dragonair traffic figures for January 2013 show a significant year-on-year increase in cargo and mail tonnage. The two Hong Kong airlines carried 13...
Green Cargo nominates CEO successor Sweden's rail transport service provider Green Cargo AB will be managed by Jan Kilström as new CEO from May 2013. He replaces the interim CEO Mats Hanson, marketing director of Gre...
Growing lack of truck drivers may affect Canada's Economy In Canada, tens of thousands of truck drivers are approaching retirement age, but very few young people and immigrants are entering the industry. A new Conference Board of Canada r...
New press officer for HHLA The German service provider Hamburger Hafen und Logistik AG (HHLA) has appointed Karl Olaf Petters as its new press officer, with effect from 1 March. HHLA's communication departme...
Swiss Post to launch automated parcel terminals Switzerland's national postal operator Swiss Post is extending its parcel services with its first introduction of automated parcel terminals, under the brand My Post 24. The free M...
Post Nord reports decrease in 2012 profit The Scandinavian mail service provider Post Nord reported significant falls in its operating and net profit for the full year 2012. Although revenues only shrank by 1.4% year-on-ye...
Pantos Logistics and Ebay Korea announce global delivery service Pantos Logistics, a global logistics business operating 164 global networks, has opened ePantos, a new-concept global delivery service that will be jointly operated with Ebay Kore...
Fuel costs create conflict of interest between LNG charterers and owners Total questions shipping firms' lack of incentive to boost their vessels' fuel-efficiency
Pirates free Armada Tuah crew Analysts questions release without ransom
Tindall Riley launches fixed-premium P&I product Carina opens new revenue stream by targeting smaller tonnage
Independent STX OSV directors urge rejection of Fincantieri offer Warning follows financial advisers' assessment that S$1.22 per share is 'not attractive'
Acquisitions strengthen Damco's annual results AP Moller-Maersk logistics arm moves closer to its customers
Awilco LNG seeks charterers for ice-class newbuildings Vessels near completion at Daewoo shipyard
New fears of KG bloodbath as Vega declares three funds insolvent But 40-strong fleet is safe, says finance manager
SinOceanic posts $20.3m loss Company seeks refinancing on three of its four-ship fleet
Private armed guards enter West Africa at their peril Myre Seadiver arrest in Nigeria highlights pitfalls facing security firms
Delays drive JES International into the red China-based shipbuilder says customers 'less keen to take delivery'
Profits decline at Samudera, but Indonesian coastal business to increase Singapore-listed intra-Asia specialist will look to grow Indonesian segment and explore new routes
Windfarms threaten North Sea shipping Accseas highlights risk from location and number of proposed turbines
Bankruptcy judge stymies BP's attempt to liquidate Alaska joint venture with OSG But has stage been set for sale of OSG's 37.5% stake ahead of April court hearing?
Shell spends $4.4Bn in Repsol LNG deal SHELL bolstered its LNG export capacity in the Americas by acquiring equity stakes in Repsol's Peru and Trinidad & Tobago subsidiaries for $4.4Bn
US suit accuses union on the waterfront LABOUR corruption can be stopped quicker at New York's docks by exposing shady influences on particular business sectors, a former box executive has told Fairplay
STX OSV advised to reject Fincantieri STX OSV was today advised to reject Fincantieri's offer for its remaining shares, and STX OSV's independent directors concurred
Loss-making Bergen seeks yard unit buyer BERGEN, the Oslo-listed engineering group, said it expects to sell its majority stake in its shipbuilding unit during the next quarter
NTS to issue $449M in bonds CHINA'S New Times Shipbuilding plans to issue 2.8Bn yuan ($449M) in medium-term notes in 2013
Rem weighs bond issue REM OFFSHORE said today it considering issuance of an unsecured bond on the Norwegian krone market
Ex-Comanav boss to appeal COMANAV'S former chairman has filed an appeal against a five-year prison sentence in a Moroccan labour dispute
Impairment loss widens NOCC's losses NOCC, the Oslo-listed provider of vehicle carrier tonnage, said today its losses deepened in 2012 despite 4Q narrowing
Weaker cyclone bypasses key ore ports AUSTRALIA'S Port Hedland and Dampier were today spared the eye of Cyclone Rusty, which made landfall east of them as a downgraded Category 3 storm
SHAFFE assails rate rises SHAFFE has warned today that hefty reefer box freight rises will cause a slip in trade growth
China widens fishing boat insurance CHINESE fishing vessels of at least 1,000gt will be obliged to be insured against spills at the end of this week
BV's profits drop 10% BUREAU Veritas said today adjusted operating profits from its maritime business dropped 10% year on year in 2012 to €84.7M ($110.7M)
LPG prices slashed SAUDI ARAMCO has slashed LPG contract prices again, to, a six-month low, traders said today
LR1 rise shocks brokers RATES to ship naphtha on LR1 tankers have risen to a one-month high of Worldscale 116.25, or $10,996 per day, on the benchmark Ras Tanura/Chiba route
Awilco LNG 4Q12 profits fall but rise in FY AWILCO LNG today said net profits for 4Q12 fell to $6.6M, from $7.7M year on year
Drop in China's PMI Causes Concern China's manufacturing growth and new orders both fell sharply in February. HSBC's flash purchasing managers' index (PMI) dropped from 52.3 in January to 50.4 this month, taking most analysts by surprise. The new orders sub-index fell to 50.9 from 53.1 in January, and new export orders to 49.8 from 53.7. Commenting, a...
Saudi Airlines Cargo Adds Freighter Capacity Saudi Airlines Cargo will add additional flights to selected routes in its existing freighter schedule, effective from March and April. The new schedule will include one additional weekly B747 freighter from Dhaka, Bangladesh, to Frankfurt, Germany, bringing the total number of freighter flights to four from Dhaka. It will also include...
MIQ Logistics Names Carr President and CEO John Carr's role as president at MIQ Logistics is expanded to include CEO responsibilities.MIQ Logistics has expanded John Carr's role in the company, naming him president and CEO, effective immediately. He will retain his current position as chairman of the board of directors. Carr joined the Kansas-based supply chain management company...
Transportation Infrastructure Bill Introduced Sens. John Davison "Jay" Rockefeller, D-W.Va., and Frank R. Lautenberg, D-N.J., have introduced legislation that they say would leverage federal investment to rebuild and expand transportation infrastructure. The American Infrastructure Investment Fund Act of 2013 would establish a $5 billion fund to provide incentives for private, state and regional investments in...
DHL Supply Chain to Invest $52.5 Million in Indonesia DHL Supply Chain has announced it will invest €40 million (about US$52.5 million) in Indonesia over the next few years. The announcement was made at the launch of the logistics company's 17,000 square meter warehouse in Cimanggis in the Jakarta area of Indonesia. It has enough docks to accommodate 176 containers...
Asia-Pacific Air Cargo Demand Rose 4.3 Percent in January The Association of Asia Pacific Airlines reported preliminary traffic figures in January showed demand for air cargo strengthened in advance of the Chinese New Year holiday period, which fell in February this year, versus January last year. Asia-Pacific international air cargo demand, measured in freight metric ton kilometers, recorded a 4.3...
Drewry Trans-Pacific Benchmark Experiences Largest Drop of 2013 Trans-Pacific eastbound spot rates dropped 3.9 percent in the week ending Feb. 27, which was its largest week over week drop so far in 2013. Spot eastbound trans-Pacific rates from Hong Kong to Los Angeles dropped to $2,436 per 40-foot container, down $100 from last week, according to the Wednesday...
Transporeon Group Asia Pacific Names Business Development Director Han Hee Ting, Transporeon Group Asia Pacific's new business development director.Transporeon Group Asia Pacific has appointed Han Hee Ting as its business development director. He will be part of the senior management team based in Singapore to further strengthen the e-logistics company's presence in the region. Han has more than 20 years...
United Grain Locks Out ILWU Grain Handlers United Grain Corp. on Wednesday locked out the International Longshore and Warehouse Union from its export terminal in Vancouver, Wash., charging that a member of the Labor Relations Committee at ILWU Local 4 attempted to sabotage equipment at the facility. The incident comes at the same time that another terminal operator,...
Pacific International Lines Fined for Criminal Oil Pollution Pacific International Lines has been sentenced in U.S. federal court under the terms of a plea agreement that requires the Singapore-based container shipping company to pay $2.2 million in criminal penalties, according to the U.S. Department of Justice. Pacific International Lines previously pleaded guilty to three felony charges that it made...
ILA, USMX Extend Deadline for Local Talks The International Longshoremen's Association and employers have set a new March 8 deadline for negotiation of local contracts that supplement a coastwide master agreement covering dockworkers at East and Gulf Coast ports. When the ILA and United States Maritime Alliance reached tentative agreement earlier this month on a Maine-to-Texas coastwide contract,...
Top U.S. Trading Partners in 2012 In goods, in billions of U.S. dollarsThe U.S. goods trade in 2012 reached $3.8 trillion, 59.5 percent in imports. While the top 10 partners held 64.2 percent share of the trade, the top 5 trade partners held 52.8 percent. Rank Country Total Market Share Total U.S. Trade U.S. Exports U.S....
Going Global: Building a Sustainable Logistics Model in the Age of Globalization Be Prepared for TPM You can accelerate your speed to market in the global economy and achieve a competitive advantage. Find out how-and prepare to get more ideas at the Trans-Pacific Maritime Conference March 3-6-by downloading this white paper. Globalization puts forward opportunities to companies of any size who can effectively provide...
U.S. Intermodal Container Traffic Monthly year-over-year percent change in domestic and international containers moving through U.S. intermodal networks.December domestic container traffic increased 5.4 percent year-over-year yet tumbled 12.1 percent sequentially. December international container traffic fell 7.7 percent year-over-year and dropped 5.5 percent sequentially. Domestic container traffic surged 12.2 percent year-over-year in calendar 2012...
U.S. Trade In billions of U.S. dollarsAgricultural Goods*In calendar 2012, U.S. agricultural exports were up 3.6 percent, imports advanced 4.1 percent, with overall agricultural trade ahead 3.8 percent year-over-year. The December 2012 agricultural trade dropped 6.1 percent sequentially while advancing 5.7 percent year-over-year.Roll Over Data Points for Exact FiguresData Included: 12/2012 The chart...
Customs' Insect Find in Texas Is a Nation First Pronotacantha armata, which measures about seven to eight millimeters in size.U.S. Customs and Border Protection agricultural specialists at the Laredo, Texas, port of entry have intercepted a pest not previously encountered by Customs. The interception occurred at the import lot at World Trade Bridge. The specialists examined a commercial shipment of...
U.S. Intermodal Shipments Monthly year-over-year percent change in intermodal shipments of 20-foot, 40-foot and 53-foot units in the United States.December 53-foot traffic tumbled 12.1 percent sequentially, 40-footers dropped 5.9 percent and 20-footers were off 5 percent. Year-over-year December 53-foot traffic advanced 5.8 percent, while 40-footers dropped 6.7 percent and 20-footers tumbled 10.4 percent....
U.S. IMC Intermodal Yield Average revenue per intermodal load by intermodal marketing companies by month and monthly year-over-year percent change. The average IMC intermodal yield in December was $2,669 per load, $97 or 3.8 percent above November and $26 or 1 percent above December 2011. The average calendar 2012 IMC intermodal yield...
Markets react against Italian election deadlock Stock markets around the world were thrown into fresh chaos yesterday as the Italian election fiasco threatened to plunge the eurozone into a new bout of uncertainty.Spain's ...
Profits decline at Samudera, but Indonesian coastal business to increase
CKYH NE4 resumption threat to rates Reports that the CKYH alliance [Coscon, K Line, Yang Ming and Hanjin Shipping] will reactivate its mothballed NE4 Asia - north Europe loop in May could prove the ...
Acquisition trail leads to a strong year for Damco AP Moller-Maersk logistics arm Damco reported a 19% year-on-year increase in net revenue last year - thanks in part to the integration of China-based forwarder ...
Maersk fires unit cost silver bullet to leave rivals for dead The container arm of AP Moller-Maersk has already shown most of its peers a clean pair of heels at the top of the profitability stakes successfully negotiating ...
Rickmers Maritime sees net profits slip in 2012 Containership owner Rickmers Maritime suffered a double-digit decrease in net profits in 2012 and it does not expect increases in time charter rates or vessel values ...
Port of Hamburg benefits from Russia joining the WTO The Port of Hamburg benefitted from an increase in its Russian container traffic in 2012 following the country's decision to join the World Trade Organisation.Figures ...
Torm cuts forecast Torm has revised its 2012 earnings forecast in anticipation of disposals that are due to conclude later this year.
Maybulk doubles down Malaysian Bulk Carriers appears to have placed an order for another supramax bulker in a move that underscores its appetite for fresh tonnage.
Oil spill rocks US Gulf Authorities in Louisiana are racing to contain an oil spill caused by an allision between a crewboat and an inactive wellhead in the US Gulf.
Brightoil bets on West Brightoil Petroleum of Hong Kong has pledged to reactive a trading desk in Houston in a bid to expand its presence in the West.
GasLog nears new loan GasLog is close to refinancing a loan linked to one of its trading LNG carriers, an executive says.
Solvang turns it round Norway's Solvang Shipping has made it back into profit in 2012 as revenue increased.
Second guessing Scorpio With Scorpio Tankers now sitting pretty with its newbuilding funded all but sorted, shipping's top analysts are placing their bets on how many more ships the company will order.
Ice nice for Germans German wind farm engineering group SeaRenergy is keen on buying three unwanted Danish icebreakers.
Second chance for HSH Germany's HSH Nordbank deserves a second chance, according to the financial minister of one of its biggest state shareholders.
Provision batters Bergen Losses at its shipbuilding division have pushed Bergen Group to a huge fourth quarter deficit.
Maersk bond sales likely AP Moller-Maersk is set for more fundraising in bond markets this year.
GasLog lags Street Peter Livanos-backed GasLog has carded a weaker than expected fourth quarter performance.
Solstad profit surges Norway's Solstad Offshore has recovered from a loss in 2011 to post a profit last year.
Grindrod earnings soar South African tanker and bulker owner Grindrod has posted a much improved 2012 profit despite falling revenue.
Deep Sea in the black Deep Sea Supply sounded an optimistic note for its new $850m Brazilian venture after reporting a return to profit in the fourth quarter.
Fincantieri rebuffed Fincantieri's efforts to complete a full takeover of STX OSV have hit a snag after the Singapore-listed shipbuilder advised its shareholders to reject the offer.
Stowaway's daring escape A Libyan teenager who stowed away on a Safmarine ship has been deported from South Africa after being caught leaving the vessel on a life raft.
Rem eyes new sale Norwegian owner Rem Offshore is planning another raid on the domestic bond market.
Finance pain endures Norwegian boxship owner SinOceanic Shipping is still being hammered by the cost of debt taken on to pay for its new vessels.
NOCC beats bets Norwegian Car Carriers has put in a stronger than expected fourth quarter showing.
Golden doubles up Golden Stena Weco has confirmed the acquisition of its second tanker.
Subsea 7 scores again Oslo-listed Subsea 7 has clinched another pipe-laying deal in the North Sea.
Awilco down to one Awilco LNG has been left with just one of its LNG carriers in full employment as it marks its first year as a listed company.
Buss ship listing A German cargoship suffered an apparent cargo shift off Australia on Tuesday, leaving it listing heavily.
Fiskerstrand wins duo Egil Ulvan Rederi has inked a deal for two new fish-feed carriers in Norway.
Eimskip sells smallest Iceland's Eimskip has sold its smallest freight vessel.
Swiber builds backlog Swiber Holdings, the Singapore-based offshore contractor, has secured fresh contracts worth over $150m, it said Wednesday.
Delaying tactics hit JES Delaying tactics by shipowners reluctant to take delivery of newbuildings has put a dent into the results of JES International.
Rickmers extends boxship Rickmers Maritime has secured six months of employment for a containership that was due to come off charter in March.
Samudera profits slump Samudera Shipping was unable to turn things around in the fourth quarter and has seen full-year profits plummet.
First Northland cargo sails Northland Resources has seen its first cargo of high-quality iron ore concentrate exported from Norway on Monday.
NEWSFLASH: ILA, USMX extend local negotiations deadline a week The U.S. Maritime Alliance (USMX) and International Longshoremen's Association (ILA) said they have agreed to extend the March 1 deadline for completion of local negotiations to March 8.
Expeditors ends year with a whimper
Crude, not charters, cause gas spike, say U.S. shipowners
Maersk raising transatlantic rates on April 1
Senators propose $5 billion fund for transport investments The fund would essentially act as an infrastructure bank, an idea that has been previously proposed by President Obama and other lawmakers. But the term "infrastructure bank" does not appear in the proposed bill.
Missouri debates forwarder tax credit If passed, forwarders could receive a credit of 40 cents per kilogram for cargo placed on outbound flights from a Missouri airport, starting July 1. The incentive is capped at $7.5 million annually through June 30, 2021.
29 U.S. states set 2012 export records Total merchandise exports from all 50 states helped contribute to the record-setting value of goods and services exports in 2012, which reached $2.2 trillion.
Evergreen hiking U.S.-to-Med rates
FMC reviews 26 OTI license applications
SAP releases TM update early
Nestlé uses wind at water bottling plant
CMA CGM PEX 3 service to call Charleston
APM Terminals says cranes are running faster
Aljex releases rail intermodal management tool
Rickmers' ship trust sees 2012 profits decline
Barber named UPS International president
United Grain locks out ILWU after alleged sabotage The Pacific Northwest grain terminal operator said its decision was based on evidence that shows two significant attempts to sabotage export equipment were carried out by a member of ILWU Local 4.
DHL invests in Indonesia
Turn IT up! Today's non-vessel-operating common carrier faces a tricky task: how to avoid being a jack of all trades but master of none. Any successful NVO - whether large or small, neutral or not - will have a book of business that varies widely in its basic characteristics. Those differences include its customers' volumes, lanes, origins, consolidation needs, and not least, its technological requirements.
Vilma Oil granted ISO certification Vilma Oil granted ISO certifications for management standard and environment management standard.
Strong winds distrupt bunkering operations at Falmouth 'For several days up to three ships at a time used the anchorages for taking on fuel oil and stores.'
Prices continue softening across Europe Congestion reported at Gibraltar.
MGO prices flat in Fujairah while avails remain tight Mixed outlook on prices across markets.
Cockett launches V-Marine Fuels Physical supply division to 'strengthen its positions in the Rotterdam and UK and English Channel markets.'
Launch of the Fujairah Oil Terminal 'is a major breakthrough' Gulf Petrochem's Fujairah Terminal 'caters to the rapidly growing demand for storage capacity.'
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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