Groupe Eurotunnel, which runs the undersea rail link between Britain and France, is putting its ferry service between the two countries up for sale after a ban on it operating the route was upheld by Britain's Competition Appeal Tribunal (CAT). CAT's ruling supported a ban brought in by Britain's antitrust regulator and comes after a long-running probe by the country's competition authorities into Eurotunnel's move into the ferry market. Under the ruling announced on Friday, Eurotunnel now has six months to cease its MyFerryLink operations between France and Britain, with the company saying it would seek a buyer for the business, which it said was run as an independent company. "Given the position of the British authorities, the future of MyFerryLink will now be determined outside the group," Chief Executive Jacques Gounon said in a statement. France's Eurotunnel started to operate services on the Dover-Calais crossing in 2012 under the MyFerryLink brand, having acquired three ferries from the now-defunct SeaFrance. The deal added to its presence on the cross-Channel route, where it is operator of the Channel Tunnel, carrying Eurostar high-speed trains between Paris, Brussels and London, as well as shuttle trains containing passenger cars, coaches and freight trucks. Britain's anti-trust authorities first said two years ago that Eurotunnel's involvement in the cross-Channel ferry route was harming competition.
Transport Minister David Collenette today announced the appointment of Roger Flood of St. John's, Newfoundland and Labrador, as the president and chief executive officer of Marine Atlantic Inc. "I am pleased that Mr. Flood has agreed to take on new responsibilities with Marine Atlantic Inc. His experience in the transportation sector and expertise
Consultancy and sales company in the transport and logistics industry, CarrierDirect, released its semiannual freight market perspective this month, giving guidance on what to expect for 2014 and how company leadership should be shaping their strategies to compete in the everchanging marketplace. CarrierDirect said coming from a somewhat better than anemic 2013, the transport and logistics industry has gotten some wind back in its sails as freight tonnage has gone up
The American Association of Port Authorities (AAPA) says it praises the leadership of the U.S. Senate’s Environment and Public Works (EPW) Committee for releasing the six-year MAP-21 Reauthorization Act (S. 2322) that puts a high priority on freight movement investments. AAPA President and CEO Kurt Nagle said: “We commend Senator Barbara Boxer (D-CA and Chairman of the Environment and Public Works Committee), Senator David Vitter (R-LA and Ranking Member of the Committee)
Team Niinivirta, a Finnish family-run transportation firm, turned 60 this year, but its third-generation managers now don't know if the business will see Christmas, because of Russia's new ban on European food imports. The firm based in Kotka, on the Gulf of Finland opposite Saint Petersburg, was using its 12 refrigerated trucks to ship 80 loads a month of Finnish milk products to Russia. But the ban on imports of dairy products, fruit, vegetables, meat
A chronic shortage of drivers means America's long-haul trucking companies are struggling to capitalize on cheap fuel prices that could allow them to take goods shipments away from railroads. A 50 percent fall in oil prices from their peak last year should have erased some of the cost advantage railroads enjoy, especially for longer hauls. But for customers hoping to save money by switching from train to truck, the lack of drivers makes that harder.
By David Tinsley, technical editor Swelling U.S. interest in fostering the development of coastwise shipping may be set against the backcloth of an anticipated 55 percent growth in demand for domestic freight transport over the period 2000-2010. Aside from its breathtaking scale, one of the most remarkable aspects of the U.S. projection is its similarity to the forecast, 50-percent increase in European road freight volume within the same timeframe.
Acting for the National Waterways Foundation (NWF), the Center for Ports and Waterways at the Texas Transportation Institute, Texas A&M University, has amended their 2007 study, “A Modal Comparison of Freight Transportation Effects on the General Public” to include a comparison of Green House Gas (GHG) emissions between inland river barge transportation, highway and rail transportation.
Exhaustive studies by The National Waterways Foundation (NWF), a center for research and learning where industry leaders address public policy issues related to America’s inland waterways system, conclude that inland waterways transport generates fewer emissions of particulate matter, hydrocarbons, carbon monoxide and nitrous oxide than rail or truck on a per ton mile moved basis. But, it’s one thing to claim that metric
Cantwell, Booker, Murray, Markey introduce freight investment legislation aiming to eliminate chokepoints at critical highway, rail, port and intermodal facilities to support economic growth, and reduce the impact of freight movement on communities U.S. Senators Maria Cantwell (D-Wash.), Cory Booker (D-N.J.), Patty Murray (D-Wash.) and Edward Markey (D-Mass.) introduced legislation to establish a multimodal freight investment policy to keep America businesses
Owners resisting charterers' attempts to push market lower; rates slip from 5-1/2-month highs. Freight rates for large capesize dry cargo ships on key Asian routes face an uncertain outlook next week with some owners resisting charterers' attempts to push hire rates down even as freight rates
The Baltic Exchange's main sea freight index tracking rates for ships carrying dry bulk commodities, rose marginally on Thursday as steady demand for smaller vessels offset weaker rates across capesize and panamax vessels. The overall index, which factors in rates for capesize, panamax
In celebration of Earth Day 2016, The American Waterways Operators (AWO) and Waterways Council, Inc. (WCI) released a fact sheet highlighting the many environmental and energy efficiency benefits of our nation’s waterways. Among them, Did You Know...
From its origins in the first seaborne transportation of containers on board Malcolm McLean’s Ideal-X on 26 April 1956, containerized shipment has become the glue that holds together today’s globalised economy, points out Clarksons Research.
Further expected container shipping liner losses throughout the first half of 2016, exacerbated by the awful prevailing spot and contract freight rates will lead to a major trigger point at some stage later this year. This will happen either through radical capacity management at the trade route
A record volume of capacity entered the container markets in 2015. But where have the ships been deployed, and which carriers have taken on the most? The shipping consultants Drewry released their container shipping review for the first quarter 2016
The Managing Director of Nigerian Ports Authority (NPA) Mallam Habib Abdullahi has called on all stakeholders in the Maritime Industry especially Truck Owners using the ports to show greater support and understanding in the quest by Management to uphold the enforcement and implementation of
Flurry of cargo fixtures push Australia, Brazil rates to highest since December. Freight rates for large capesize dry cargo ships on key Asian routes are likely to hold steady next week near four-month highs if owners continue to reactivate idle tonnage on upbeat cargo demand
Oman Shipping Company (OSC) is launching a new freight service linking all Omani ports to the United Arab Emirates by mid-April, 2016, in a move that aims to boost trade links. OSC’s new fortnightly Oman Express Service will be the first freight feeder operator to connect all Omani
The latest Container Shipping Forecaster from MSI suggests a more positive market outlook for the container shipping sector in 2016 than the analysis of most of its peers. Though its supply-side predictions are broadly aligned with those of Drewry and Alphaliner
The latest Container Shipping Forecaster from Maritime Strategies International (MSI) makes a more optimistic forecast on the demand side. Though its supply-side predictions are broadly aligned with those of Drewry and Alphaliner
Terex Port Solutions (TPS) will present the Liftace 5-36 reach stacker, the next machine of its line of new-generation lift trucks at bauma trade fair (11 to 17 April in Munich). Besides Liftace reach stackers, this new generation also includes Terex Stackace empty container handlers
Shipping freight rates for transporting containers from ports in Asia to Northern Europe have plummeted 78 percent this year, after posting another drop this week, a source with access to data from the Shanghai Containerized Freight Index told Reuters.
A rise in iron ore trade, higher steel prices and increased scrapping have all contributed to recent improvements but the outlook is fragile April 19, 2016. The latest Dry Bulk Freight Forecaster from Maritime Strategies International* analyses the recent uptick in the Capesize market and
The world's largest container shipping company Maersk Line, owned by A.P. Moller-Maersk, plans to increase freight rates for transporting containers from Asia to Northern Europe by $550 per 20-foot equivalent unit (TEU) from May 1, it said on Tuesday.