Gebrüder Weiss flies cable car to Mexico The Austrian logistics service provider Gebrüder Weiss (GW) recently proved that it is especially adept at managing special transports when it was mandated by the engineering compa...
River Line capacity to be boosted CSX, a rail transport provider based in Jacksonville FL (USA), is planning a major track capacity expansion on its premier River Line between northern New Jersey and the Albany NY ...
Custom-built vehicle for transporting out-of-gauge iron rods The Swiss company Debrunner Acifer AG has taken delivery of a new Renault Premium Lander 380.18 at the firm's site in Näfels (Switzerland). The vehicle has been specially designed ...
Panama Canal Authority and Antwerp Port Authority extend collaboration Antwerp port authority (Belgium) and the Panama Canal authority (ACP) have reconfirmed their collaboration agreement. The purpose of the pact is to promote trade between the port o...
Mack names Tri-State Truck Center Inc as 2012 distributor of the year Mack Trucks, one of the world's leading manufacturers of trucks, named Tri-State Truck Center Inc, based in Memphis TN (USA) as its 2012 North American distributor of the year. The...
Chairman of Bifa legal and insurance policy group appointed John Stubbings, group director and company secretary at the Essex (UK)-based Woodland Group, has been appointed chairman of the British International Freight Association's legal an...
JAL and Japan Post offering trial "express mail service" for temperature-sensitive parcels to Taiwan and Singapore Japan Airlines (JAL) and Japan Post Co Ltd (Japan Post) are teaming up to offer "cool EMS" - a new international high-speed mail service for small, temperature-sensitive ...
Coyne Airways launches African services Coyne Airways has launched customer-focused services to over 30 destinations across Africa, through three of the continent's main hubs. Based in London (UK), the airline has extens...
J.B. Hunt reports record revenues and earnings in 2012 The US-based logistics, trucking and intermodal operator J.B. Hunt Transport Services Inc reported record revenues, record net earnings and record earnings per share for both the f...
PPG renews supply chain contract with Norbert Dentressangle The coatings and speciality products supplier, PPG Industries has renewed its long-term supply chain contract with Norbert Dentressangle for a further 18 months. PPG Industries pro...
E-freight drive continues at Schiphol airport "e-Freight@NL" - the Dutch Government-funded project to encourage the move towards paperless air cargo through its main airport Schiphol - has been successfully completed...
DB Schenker Rail Polska continues to expand Silesia train service The transport service providers DB Schenker Rail Polska and CD Cargo have agreed to collaborate more closely in the single wagon traffic sector. The alliance is based on CD Cargo's...
Brussels talks the talk But can the European Union deliver action and strengthen its response to piracy?
Delos confirmed as stalking horse in Omega Chapter 11 case Another wrinkle ironed out in long-running saga
Comment: Scorpio retains Wall Street credibility But some say price/book ratios are too high
Iraq expands export structure Operations start at second floating platform
Africa piracy sees 'the worst of all worlds colliding', says ex-naval chief US admiral urges shipping to unite to tackle multiple reasons for violence at sea
UK maritime must take a lead from automotive and aerospace sectors Co-operation, long-term planning and focus on core strengths is critical, says Fallon
Necessary measures Can Mousouroulis bring Greece's nation's ferry industry back to life?
Turning point Is shipping clawing its way out of the doldrums at last?
Scorpio Tankers seeds newbuilding warchest with bumper share sale Market capitalisation takes quantum leap with $230m deal
Frontline faces a rough quarter VLCCs struggle to cover operating costs as spot market earnings take a nosedive
Boskalis makes an offer for Dockwise Company announces bid after accruing shares and commitments in Dutch heavylift giant
DHT posts $6m loss after writing down fleet value New York-listed owner is to sell an unnamed tanker
CSSC issues $803m commercial paper to build working capital State-owned shipbuilding giant raises funds for raw materials and vessel-related products
Korea Line share trading suspended after slump into negative equity Troubled firm faces countdown to delisting
Weak tanker rates hit Essar Shipping's fourth-quarter results But conglomerate's port business more than doubles its profits
Reluctance to lend will hamper restructurings, Nordea warns Banking group increases its shipping loan loss provisions
Nanjing Tanker warns of Shanghai trading suspension Penalties loom as company heads for third consecutive loss
Hanjin Shipping slips into the red in fourth quarter South Korean carrier hit by seasonal downturn in demand and rates
Scandlines to replace cancelled P+S orders Ferry firm eyes LNG-fuelled systems
Embrace technology to streamline ship management Make the most of planning software to improve efficiency
APMT buys cranes for Algeciras Investment upgrades port to handle Triple-E class boxships
Cairo gives Suez governors role in ports unrest CAIRO was reported today to have given the governors of three Suez Canal regions authority to review security measures, after declaring a state of emergency at canal ports earlier this week
Scorpio sells more shares NYSE-LISTED Scorpio Tankers today announced yet another secondary share offering to fund aggressive 'eco' fleet growth
Hanjin loses $565.7M HANJIN Shipping has posted more full-year losses, bleeding 638Bn won ($565.7M) for 2012
Newbuilding orders fall 39% NEWBUILDING orders worldwide fell 39.4% year on year in 2012, Greek broker Golden Destiny said today
Oil-indexed prices seen for LNG bunker SHIPOWNERS switching to LNG bunker are likely to strike long-term supply deals tied to oil prices, the LNG Bunkering Summit 2013 has been told in Rotterdam
Floods choke off Australia's coal shipments BROKERS told Fairplay today that coal movements from Australia are still almost zero because flooding still grips Queensland, even though storms have moved on
Seanergy selloff continues VICTOR Restis-controlled Seanergy today confirmed the handover of four Handysize bulkers to satisfy debt obligations to DVB Bank
Gains seen as Japan eases limit on US beef LINER strings from the US could benefit from Japan's decision to ease restrictions on US beef imports, an export representative told Fairplay today
DHT profits return NYSE-LISTED tanker owner DHT has reported slim adjusted profits for its latest quarter and updated on timecharters and debt repayments
Brittany Ferries steps up competition BRITTANY Ferries plans a new Le Havre/Portsmouth service
Nanjing delisting looms SHANGHAI-listed Nanjing Tanker has predicted wider losses in 2013, raising the prospect of a delisting
Finnish PM hopes to break the ice in Chile FINLAND'S Prime Minister Jyrki Katainen met Chilean defence minister Rodrigo Hinzpeter in Santiago today to support the bid by STX Finland's Rauma yard to build an icebreaker for Chile
JV targets Canadian gas JAPAN'S oil refiner Idemitsu Kosan has agreed on a joint venture with Canadian energy infrastructure specialist AltaGas
Floods spark Oz delays STORMY weather in coal-rich Queensland is greatly increasing vessel queues at Australia's ore ports
Essar turns losses into profits ESSAR Shipping, part of the diversified conglomerate Essar Group, said today it bounced back strongly for the first nine months of its financial year
Exxon/Mobil Project Boosts Port of Albany's Traffic Workers at the Port of Albany in New York have been loading housing modules onto freighters bound for St. John's, Newfoundland, for an Exxon/Mobil-led offshore drilling project there, which has boosted the port's traffic, according to Albany Times Union. The units, manufactured by Champion Homes, will provide homes for workers at...
Norfolk Southern Foundation Expanded Charitable Giving to $7 Million in 2012 NORFOLK, Va. - The Norfolk Southern Foundation, the charitable giving affiliate of Norfolk Southern Corporation, awarded $7 million in grants to nonprofit charitable organizations during 2012, a 13 percent increase over 2011. The NS Foundation supports programs to help nonprofit organizations in providing food, shelter, and medical care to those in...
CEVA Boosts E-Fulfilment Solution HOOFDDORP, the Netherlands - CEVA Logistics, one of the world's leading supply chain companies, has today launched its enhanced e-fulfilment solution, designed to meet the needs of today's e-tailers, online consumers and customers with any e-fulfilment requirements. CEVA has been providing sophisticated e-commerce and e-fulfilment solutions for a number of customers...
Report: Container Shipping Profits Set to Improve Container shipping profits will improve this year and could make a major jump in 2014 and 2015 if lines do not start placing major orders for new vessels, according to one analyst. A new report from Nomura - Trends in Transport - said liner efforts to reduce supply and return to...
Container Corp. of India Profit Fell 2 Percent in Third Quarter Container Corporation of India reported its net profit in the third fiscal quarter, which ended Dec. 31, 2012, was $43.8 million, down 2 percent from $44.6 million in the same quarter in 2011. Revenue for the October-December quarter grew 3.5 percent year-over-year to $200.3 million, the state-owned company said in a...
Association of Asia Pacific Airlines Sees Drop in Air Freight Demand The Association of Asia Pacific Airlines, a trade group of airlines based in the Asia-Pacific region, today reported international air cargo demand, expressed in freight metric ton kilometers, declined by 3.4 percent in 2012 because of continued weakness in global trading conditions. This was matched by a 3.2 percent reduction in...
Watco Buys Ann Arbor Railroad Pittsburg, Kan.-based Watco Railroad Company Holdings has purchased Ann Arbor Railroad. A notice of exemption was filed with the Surface Transportation Board for Watco to purchase the railroad company's stock on Dec. 27, 2012, and the acquisition of control exemption became effective on Jan. 26. Ann Arbor Railroad serves southeastern Michigan and...
Hanjin Shipping Posts Net Loss of $586 Million South Korea-based container carrier Hanjin Shipping has reported a net loss of KRW$638 billion (about US$586 million) for the full year of 2012, improving from 2011's net loss of $757.9 million. Annual sales were a record $9.7 billion, an increase of 11.2 percent year-over-year, as container volume increased by 7.4 percent...
Hub Group's Income Rose 17 Percent in 2012 Asset-light freight transportation management company Hub Group reported income in the fourth quarter of 2012 was $18.8 million, rising 11 percent compared with the fourth quarter of 2011. Total quarterly revenue increased 6 percent year-over-year to $614 million. Intermodal revenue in the fourth quarter was $451 million, up 8 percent from the...
Annual Review & Outlook 2013: INTTRA In the complex world of container shipping, two things are certain: it's a rough time for carriers - and it will be for the foreseeable future. Global volume is down, excess capacity will continue to increase, fuel costs are at a record high, and customers are demanding higher-quality service than they...
Annual Review & Outlook 2013: International Association of Ports & Harbors Sparked by the eurozone crisis, we have had enough of a gloomier picture of the global economy presented by IMF and others, forecasting a sluggish 3 to 4 percent growth in 2013. International trade must be sustained as a lifeline, of which ports are a vital link. In 2012, some ports...
Annual Review & Outlook 2013: Institute of International Container Lessors As we enter 2013, the world economy is likely to continue its overall recovery, with growth and stabilization taking place at varying paces in different markets. The global container supply is expected to continue its growth and, according to Drewy, container manufacturing is projected to approach 3.7 million TEUs, with the...
Annual Review & Outlook 2013: Horizon Lines In the shipping business, any strategic plan must include a strong operational focus and, above all else, a comprehensive understanding of - and commitment to - the needs of our customer. Among the biggest challenges facing our industry today is our ability, or inability as the case may be, to translate...
Annual Review & Outlook 2013: Hanjin Shipping With Europe expected to remain stagnant for 2013, the global economy will rely on the remaining markets. The North American markets (United States, Canada and Mexico) are expected to continue to improve as indicated by modest growth in the housing sector and labor markets as well as stronger consumer confidence....
Hapag-Lloyd to Raise East Asia-Persian Gulf Rates Hapag-Lloyd will increase rates, beginning March 15, for all cargo from East Asia, excluding Japan, to the Persian Gulf. The rate hike will be $500 per 20-foot-equivalent unit. The German ocean carrier also will implement an equipment maintenance fee, starting March 1, for all imports into Japan. The fee will be $15...
Sandy Recovery Improvement Act Goes to Obama The U.S. Senate this week approved the Sandy Recovery Improvement Act of 2013, HR 219, which is intended to fast-track aid to communities recovering from Hurricane Sandy and reduce recovery costs. The bipartisan bill now awaits the president's signature. The bill was approved by the House earlier in January. It was introduced...
Globe Express Hires Former Tyson Foods CFO Steve Hankins, Globe Express Services' new executive vice president, CFO and CIO. Logistics provider Globe Express Services has hired Steve Hankins, former Tyson Foods CFO, as executive vice president, CFO and chief information officer. He will report directly to Michael C. Hughes, president and CEO. Hankins managed all aspects of finance and information...
FedEx Trade Networks Opens Office in Thailand Freight forwarder FedEx Trade Networks, a subsidiary of FedEx, has opened its first office in Thailand, located in Bangkok. FedEx Trade Networks now has 17 freight forwarding locations in the Asia-Pacific region....
Revenue Technology Services Launches Pricing Product Revenue Technology Services, a Plano, Texas-based transportation technology company, has launched CargoPriceOpt, a pricing decision support system for the cargo industry. The company said the system is intended to help airlines and other cargo customersuse multiple factors, including competition, price elasticity and costs, to establish prices for various markets. The current version...
UPS Withdraws Offer to Acquire TNT Express UPS has withdrawn its $6.9 billion offer to acquire TNT Express, a courier delivery services company based in the Netherlands. As anticipated, the European Commission issued a formal decision prohibiting the proposed acquisition of TNT Express because of competition concerns. Consequently, UPS and TNT Express have terminated merger protocol. UPS said it...
APM T buys cranes for Algeciras APM Terminals will invest $57m to equip Algeciras with eight cranes to handle 18,000 teu container ships.The investment will consolidate the Spanish port's role ...
Is it Groundhog Day for carriers or shippers? Ocean carriers are hoping for a re-run of the sequence of events of last year when the 'shock & awe' $750 per teu March 1, 2012 general rate increase from ...
Cargotec hires new CEO Finland-based container terminal handling equipment manufacturer, Cargotec has announced the appointment of 52-year-old Mika Vehvilainen as its new president and ...
Hanjin back in the red in fourth quarter Hanjin Shipping, South Korea's largest container shipping line, slid into the red in the fourth quarter amid a seasonal downturn in demand and rates.The carrier, ...
Social unrest continues in Egypt With an ongoing state of emergency in Port Said, Ismailia and Suez, and a night time curfew in the cities largely being ignored, Egypt remains locked in a political ...
Virginia bidders left in limbo Two private sector bidders vying to take control of the port of Virginia have been left in limbo after last week's inconclusive meeting about the future of one ...
K Line re-jigs JABCO service Japanese liner, K Line's JABCO intra-Asia services, which it operates in conjunction with Chinese regional carrier, SITC are to be re-vamped and will now according ...
Platou scores US first RS Platou Markets is celebrating today after leading its first US equity issue just weeks after securing approval from US regulators.
Rongsheng not done yet China Rongsheng Heavy Industries is facing further legal headaches in the row with a shareholder over its aborted takeover of an engine maker.
Crew recall IRISL ordeal Indian seafarers onboard an arrested IRISL bulker slept in life jackets as they plotted their escape from the hellish conditions while the ship was held off Sri Lanka.
Indonesia thinks big Indonesia is plotting to order up to 2,500 ships - that's two thousand five hundred - from China in deals worth $5bn.
Scorpio strikes again Scorpio Tankers has taken a giant stride towards financing its huge newbuilding orderbook after its second successful visit to Wall Street in two months.
Chelsea eyes new signing Chelsea Shipping Corp of the Philippines has lined up cash to order a new products carrier.
Seanergy purge continues Seanergy Maritime Holdings has sold four more bulk carriers as part of its ongoing quest to reduce its debt pile.
Japan gets tough Japanese prosecutors have called for 12-year jail sentences for two pirates who admitted a "vicious" raid on an MOL aframax in 2011.
Vinalines sees slump Vietnam National Shipping Lines (Vinalines) has carded a big full year loss and is already predicting another tough year ahead.
Titan exec accused A former director of struggling Hong Kong shipowner Titan Petrochemicals sold shares in the company weeks before a bond default became public, the territory's securities watchdog claims.
Jefferies cuts 2013 bets A weaker than expected start to the year has seen Jefferies take a red pen to its dry-cargo rate forecasts.
Fjord settles port row Norway's Fjord Line has won compensation after its ships were barred from Kristiansand in 2009.
Ningbo Marine to see red Ningbo Marine expects its full year earnings results to reveal a fall into the red.
Tonne-mile trouble Capesize rates dipped in January as iron ore shipments were cut in half and Brazil took a less active role in the market, DNB Markets says.
Vroon behind PSV deal Dutch owner Vroon has confirmed it is the owner behind a deal to build up to four new supply ships at Cosco Guangdong in China.
CSDC warns on profit China Shipping Development Co (CSDC) is the latest Hong Kong-listed company to brace investors for ugly full year numbers.
Essar still ahead India's Essar Shipping has made a return to profit in the first nine months, but third quarter earnings fell on lower crude tanker rates.
Nordea losses rising Nordic banking group Nordea has increased its loan loss provisions for the fourth quarter as shipping remained in the doldrums.
Sunshine stake Lawrence Carroll Trust has hiked its holding in Navios Maritime Acquisition 18 months after taking a significant stake in the shipowner.
Samsung springs a leak Samsung Heavy Industries has turned in a weaker than expected fourth quarter showing with its bottom line tumbling by almost two thirds.
CSSC raises more cash China State Shipbuilding Corporation (CSSC) has sold another CNY 5bn ($803m) of notes as it boosts working capital.
Hanjin's profit pledge Korean boxship and bulker owner Hanjin Shipping is focusing on cost-cutting as it vowed to return to profit this year.
K Line revamps services K Line is revamping its two core Japan to Southeast Asia services in cooperation with SITC Shipping.
Daoda's bulker binge China's Daoda Marine Heavy Industry (DDHI) has signed a newbuilding deal for 10 bulkers.
Trio target Pacific Pacific International Lines (PIL), China Navigation and Sofrana Unilines have teamed up to launch a new liner service in the Pacific.
DHT back in the black DHT Holdings has returned to profit in the fourth quarter despite the problems surrounding cancelled charters from OSG.
West Coast longshore clerk vote expected next week Stephen Berry, attorney for the Los Angeles/Long Beach Harbor Employers Association, said a vote on 16 contracts for 14 employers and members of the ILWU's Local 63 Office Clerical Unit (OCU) is scheduled for next Wednesday.
LaHood gets high marks for DOT leadership During the secretary's tenure, DOT distributed $48 billion dollars from the 2009 stimulus plan for road infrastructure improvements, created the TIGER grant program, and helped craft a two-year surface transportation bill last year.
European Commission officially halts UPS-TNT merger The commission said the number of small-package players in 15 EU member states would have been reduced from three to two, with DHL being the only non-UPS option in some areas.
AAPA keeps focus on infrastructure "Where there is federal jurisdiction, we need the federal government to step up to the plate and be a stronger partner for our nation's transportation infrastructure," Kurt J. Nagle, the port group's chief, told American Shipper.
Hanjin reports smaller loss in 2012
Tacoma's box volume up 16% in 2012
Norbert Dentressangle's big 2012 finish
FedEx Trade opens office in Bangkok
Cargo pricing tool launched
U.S. GDP contracted in 4Q
New York issues overhang longshore talks The ILA and its employers resumed contract negotiations on Tuesday, but sources say efforts to reform work rules and improve productivity in the Port of New York and New Jersey are likely to overhang national talks.
Three firms certified for energy management systems 'This certification recognises the addition of energy efficiency to these organisation's existing marine management systems.'
US Coast Guard to review policy on natural gas fuelled ships Coast Guard is currently using IMO interim regulations as a baseline for LNG standards.
Titan executive facing allegations of insider trading Augustine Cheong Kai Tjieh deposits $1.7 million with a Hong Kong court.
Fuel-efficient VLCCs driving out older vessels The scrapping of older VLCCs is set to accelerate, according to analysts.
Bunker prices climb in Fujairah South African markets 'steady'.
Prices head up in Europe Hamburg market 'very quiet'.
LNG bunker player plans '24 hour' availability White Smoke plans second - and bigger - LNG bunker tanker.
ECA rules never 'properly ratified' US state in new challenge to North American ECA.
Leading shipping group posts another annual loss 'Slow steaming, service rationalisation, idling and temporary voyage cancellation,' set to continue.
Sri Lanka tax on bunkers 'will impact the market' Local players say tax would 'kill the market' in Colombo due to uncompetitive bunker prices.
Asian bunker prices strengthen mid-week 'Buyers anxious to fix orders before the Chinese New Year hoiday.'
EU finds funds for LNG bunkering projects The European Commission will support studies in an effort to move LNG bunkering forward.
Ship 'smuggled fuel' to Singapore vessel Ship 'transferred 30 mt of diesel fuel'.
Shipping firms 'must reduce bunker costs' That's the best way to gain a competitive advantage, says consulting firm.
Oil spill leads to $405,000 fine Pollution was caused by 'owner's negligence'.
Mississippi oil spill leaves ships, barges idle 'Slow leak' of light crude coming from damaged barge.
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