Direct ChassisLink, Inc. Names Jeremy Haycock New Chief Marketing Officer

GlobeNewswire | March 30, 2015 | Intermodal | Road

Direct ChassisLink, Inc. (DCLI) announces the appointment of Mr. Jeremy Haycock to the position of Senior Vice President and Chief Marketing Officer, effective April 15, 2015. Read More »

Orion Marine Group Announces a Contract Award of Approximately $11 Million

GlobeNewswire | March 30, 2015 | Breakbulk & Projects | Projects

Orion Marine Group, Inc. (NYSE:ORN) (the “Company”) a leading heavy civil marine contractor serving the infrastructure sector, today announced a contract award of approximately $11 million. Read More »

Tanzania to spend $14 bln on railways, eyes regional hub status

Reuters | March 30, 2015 | Intermodal | Rail

Tanzania plans to spend $14.2 billion to construct a new rail network in the next five years financed with commercial loans, the transport minister said, as the country aims to become a regional transport hub. Read More »

U.S. oil train traffic mostly from Midwest to East Coast, data shows

Reuters | March 30, 2015 | Energy | Rail and Road | Intermodal | Rail

U.S. oil trains delivered more than 13.5 million barrels of crude oil from the Midwest to the East Coast in January, according to government data that gives a first of its kind snapshot of such shipments. Read More »

Rotterdam Gate LNG terminal starts expansion project

Reuters | March 30, 2015 | Ports & Terminals | Ports | Wet Bulk Port

Dutch gas network operator Gasunie and tank storage service provider Vopak said on Monday that the expansion of their Gate liquefied natural gas (LNG) terminal in Rotterdam has begun. Read More »

Syria taps world wheat market as stocks run down

Reuters | March 30, 2015 | International Trade

Weeks after Syria said it had no need for wheat imports, the government plans to import 150,000 tonnes and has introduced ways to conserve grain stocks in signs of the growing strain on food supplies from conflict in the country. Read More »

Virgin Atlantic Cargo chosen to trial new UK pre-check service for flying pets

AJOT | March 30, 2015 | Air Cargo

Virgin Atlantic Cargo is to partner the City of London’s Heathrow Animal Reception Centre (HARC) to trial a pre-check service for pets landing in the UK on the airline’s flights. Read More »

Strong improvement in operating margin and net profit 2015 for CMA CGM

AJOT | March 30, 2015 | Liner Shipping

Faster growth with the delivery of new vessels and the start-up of the Ocean Three strategic alliance Read More »

Kales wins Schiphol Aviation Award

AJOT | March 30, 2015 | Air Cargo

This year’s Schiphol Aviation Award for Cargo has been presented to Kales Airline Services B.V, in recognition of its fundamental role in the development of cargo at Schiphol. Read More »

Bestpass Introduces Horizon Transponder and Expands Tolling Network

AJOT | March 30, 2015 | Intermodal | Road

Transponder solution minimizes requirements, maximizes benefits and streamlines toll management for fleets and owner-operators Read More »

Baltic sea index down as weak demand takes toll on vessel rates

Reuters | March 30, 2015 | Liner Shipping

The Baltic Exchange’s main sea freight index, which tracks rates for ships carrying dry bulk commodities, fell on Friday as lack of demand took a toll on rates for most of the vessel segments. Read More »

In u-turn, Greece will sell Piraeus Port stake in weeks

Reuters | March 30, 2015 | Ports & Terminals | Ports

The Greek government will sell its majority stake in the port of Piraeus within weeks, the country’s deputy prime minister told China’s official Xinhua news agency, a flip-flop from the leftist government as it seeks funds from its creditors. Read More »

China will support overseas bond issues by local firms to fund “One belt, One road” projects

Reuters | March 30, 2015 | International Trade

China will encourage Chinese companies to issue bonds overseas to fund projects for the “One belt, One road” initiative, a plan to boost connectivity across Asia for which it has created a $40 billion fund, according to a framework agreement released on Saturday. Read More »

Colonial allocates Cycle 19 shipments on Line 20

Reuters | March 30, 2015 | Energy | Pipeline

Colonial Pipeline is allocating space for Cycle 19 shipments on Line 20, which carries distillates from Atlanta to Nashville, Tennessee, according to a notice sent to shippers on Monday. Read More »

CMA CGM to add 3 giant ships to pursue scale push

Reuters | March 30, 2015 | Liner Shipping

France’s CMA CGM, the world’s third-largest container shipper, announced on Monday plans to order three giant vessels and said higher volumes and profit last year showed its focus on economies of scale was bearing fruit. Read More »

Advanced drillships become burden for owners as business dries up

Reuters | March 29, 2015 | Energy | Discovery

Not so long ago, advanced drillships costing more than half a billion dollars each and capable of operating in ever-deeper waters practically guaranteed big profits for oil-rig operators. Read More »

The Port of Montreal hails the Quebec government’s investments in the port and marine industry

PR Newswire | March 29, 2015 | Ports & Terminals | Ports | Container Port

For the MPA, concrete investments were announced: $75 million to improve direct road access to the port and $20 million towards the restoration of Alexandra Pier and the Iberville Passenger Terminal for cruise passengers. Read More »

VLCC rates to stay flat as owners, charterers fight to give market direction

Reuters | March 29, 2015 | Energy | Maritime

ASIA-FREIGHT/:Asia Tankers-VLCC rates to stay flat as owners, charterers fight to give market direction Read More »

Austrian finance minister sees crisis of confidence in Greece

Reuters | March 29, 2015 | International Trade

Greece’s international partners have lost trust in Greece, Austrian Finance Minister Hans Joerg Schelling said on Friday, underscoring that Athens needs to stick to conditions of its current rescue and saying a fresh debt haircut would do no good. Read More »

China Cosco dry bulk shipping losses reduced sharply this year

Reuters | March 29, 2015 | Liner Shipping

China Cosco said losses in its main dry bulk shipping business fell sharply in 2014 and its container shipping gross profit grew amid a still subdued global shipping market. Read More »