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
New Zealand's largest freight gateway Port of Tauranga says it is on track to break the country's record for transporting more than one million containers in a single year. "Our results show the Port of Tauranga is continuing to reinforce its position as the country's premier
Record iron ore prices fuelling capesize chartering boom; freight rates rise by around $1 per tonne in a week. Freight rates for large capesize dry cargo vessels on key Asian routes, which hit multi-week highs on Wednesday, are set to continue to climb next week on buoyant iron ore cargo
The Board of Commissioners of the Port of New Orleans and the St. Louis Regional Freightway today entered into a Memorandum of Understanding (MOU) to exchange market and operational information with the goal of growing trade and building upon existing and new business relationships between the two
Container spot freight rates from Asia to Northern Europe rose 7 percent to $961 per twenty-foot equivalent units (TEU), the Shanghai Containerized Freight Index showed on Friday. Freight rates from Asia to ports in the Mediterranean rose $38 to $882 per TEU
The Port of Virginia’s new barge – the Richmond Express arrived in the Norfolk Harbor and scheduled to sail Sunday and be at Richmond Marine Terminal (RMT) Monday, Feb. 6. This new barge helps reduce congestion on I-64 and wear-and-tear on the road by taking trucks off of that
The U.S. Coast Guard said it is responding to an oil spill in the Fore River in Maine along with Maine Department of Environmental Protection and local fire departments. According to initial reports, the cause of the spill was a car accident involving an overturned tank truck carrying
The cargo handled by 12 major Indian ports in November and December (Post demonetisation period)has witnessed a significant growth by registering an increase of 11.2 per cent and 12.7 per cent, respectively, reports PTI. The Minister of State for Shipping Mansukh L
The Long Range (LR) 2 tanker market in the East of Suez has been languishing in the doldrums for almost two weeks. LR2 rates on the AG/Japan route, basis 75 kt, nosedived from w120 at the beginning of January to current levels of w80. Earnings for a round voyage on the benchmark route are hovering
Maersk Line reported a 2016 result that is USD 1,679 million lower than the 2015 result (USD 1,303 million). The overriding reason for the loss is a 19% decline in freight rates compared to 2015. Revenue was USD 20.7 billion, which is 13% lower than 2015 (USD 23.7bn).
Australia-China rates could climb on improved weather. Brazil-China rates to hold steady, fall on lack of charters. Freight rates for large capesize dry cargo vessels on key Asian routes could diverge next week with rates from Australia to China rebounding on improved weather
The Intermodal Association of North America has created a resource center, available on its website, to provide a wide range of information for prospective intermodal users and those who are new to the industry. The Intermodal Freight Resource Center offers educational tools
1-Stop Connections (1-Stop) and Bestshore Business Solutions UK Ltd (Bestshore) announce a new strategic alliance to bring their productivity solutions to the European and Indian-sub continent port community. Through the partnership with Bestshore
ENGIE, Fluxys, Mitsubishi Corporation, and NYK have taken delivery of the world’s first purpose built liquefied natural gas bunkering vessel (LBV) from Hanjin Heavy Industries & Construction Co. Ltd., at the Yeongdo shipyard in Busan, Korea.
Two container shipping lines, France's CMA CGM and Israel's Zim, have signed up with Alibaba to allow customers to book space on their vessels through the Chinese e-commerce giant, in a bid to boost sales as the sector battles a severe downturn.
Trucks coming to load or unload containers in the Deurganck dock in the port of Antwerp will also be able to call at night as of 20 March. The container terminals MSC PSA European Terminal (MPET) and DP World Antwerp Gateway, both located in the Deurganck dock