RCL expands Middle East coverage THAI-listed container feeder operator, Regional Container Line , is expanding its Middle East coverage joining the growing number of lines that are moving to tap the rapidly expanding trade in that region.
Hanjin ups fees for delays at US ports IN an early sign that shipping lines expect US West Coast ports to be congested as the peak season approaches, South Korea's largest shipping line, Hanjin Shipping, plans to raise demurrage charges on customers who delay in picking up their cargo from the US ports.
Tanker rates surprisingly strong: Teekay OIL tanker operator Teekay Shipping Corp expects tanker rates to remain 'surprisingly strong' in the second quarter and beyond, fuelled by soaring oil demand, its top executive said.
Net-based service for ships in port launched
NYK wins LNG transportation contract
Daewoo gets drill vessel orders
Logistics
Global logistics spending seen hitting US$326b GLOBAL spending on 3PL services is expected to rise 50 per cent from last year's US$222 billion to US$326 billion in 2010.
Kuwait's PWC buys Cronat for US$27m KUWAIT's PWC Logistics, the Middle East's largest logistics company, bought Switzerland-based Cronat Transport Holding to expand its European network.
EWS to create 4 divisions to woo more UK cargo to rail EWS Holdings Ltd, Britain's biggest rail-freight operator, said it is creating four divisions to attract more customers from industries including power generation and construction.
RCL expands Middle East coverage THAI-listed container feeder operator, Regional Container Line , is expanding its Middle East coverage joining the growing number of lines that are moving to tap the rapidly expanding trade in that region.
Hanjin ups fees for delays at US ports IN an early sign that shipping lines expect US West Coast ports to be congested as the peak season approaches, South Korea's largest shipping line, Hanjin Shipping, plans to raise demurrage charges on customers who delay in picking up their cargo from the US ports.
Tanker rates surprisingly strong: Teekay OIL tanker operator Teekay Shipping Corp expects tanker rates to remain 'surprisingly strong' in the second quarter and beyond, fuelled by soaring oil demand, its top executive said.
Net-based service for ships in port launched
NYK wins LNG transportation contract
Daewoo gets drill vessel orders
Logistics
Global logistics spending seen hitting US$326b GLOBAL spending on 3PL services is expected to rise 50 per cent from last year's US$222 billion to US$326 billion in 2010.
Kuwait's PWC buys Cronat for US$27m KUWAIT's PWC Logistics, the Middle East's largest logistics company, bought Switzerland-based Cronat Transport Holding to expand its European network.
EWS to create 4 divisions to woo more UK cargo to rail EWS Holdings Ltd, Britain's biggest rail-freight operator, said it is creating four divisions to attract more customers from industries including power generation and construction.
US public 'critical' of security proposals MORE than 1,000 statements, many of them thought to be critical, have been submitted as part of the consultation process over plans to tighten rules on access to US ports, writes David Osler.
Carnival warms to use of 'cold ironing' THE cruise industry has thrown its weight behind the use of shore-based power, or 'cold ironing', with the Carnival fleet agreeing to switch off their engines while in San Francisco.
No light at the end of Eurotunnel debt deal THE prospect of an 11th hour agreement on the restructuring of Eurotunnel's £6.2bn ($11.3bn) debt looked to have slipped away last night as talks between the company and its creditors continued without any sign that an agreement would emerge before the midnight deadline, writes Andrew Spurrier in Paris.
EU refuses to shield Tirrenia from 'foreign corporate raid' ITALY will not be able to prevent ferry giant Tirrenia from falling into foreign hands following privatisation, the European Commission has warned.
Egyptians stranded in US dispute MORE than 20 Egyptian seafarers aboard the 38,300-dwt bulker Edco have been stranded in Charleston Harbor, in the US state of South Carolina, for over two weeks since the vessel's was arrested over a charter dispute
Captain banished from US waters THE captain of a bulker that visited Portland, Oregon, last month has been banished from US waters for six months after pleading guilty to operating his ship while drunk
LUKoil plans are Turkish delight LUKoil, Russia's largest oil producer, is considering the construction of a third oil refinery on the Black Sea
ESL Shipping suffers as bunkers soar ASPO, the Finnish parent of ESL Shipping, has warned that it is unlikely to match its 2005 operating earnings this year
Anadarko sells Bear Head LNG BEAR Head LNG Corp, which is developing a regasification terminal at Port Tupper, Nova Scotia, has been sold by Anadarko Petroleum Corp to a US private equity firm
Bay of Fundy funding worries Ottawa CANADA'S government might become involved in efforts to save the ferry service across the Bay of Fundy between Nova Scotia and New Brunswick
Industry tired of waiting on short sea Some of short sea's most dedicated boosters are growing impatient with the lack of critical mass to launch services.
Trade deficit increases
Germany's state bank selling Deutsche Post stake
Customs Update: Customs Update: A bond that kills trade
Crew stuck on seized ship
Director: Miami port needs $350M in upgrades
Dominican Republic to join CSI
CCNI christens new vessel
Indian port traffic surges
Hot Shot forms logistics unit
Kalmar providing crane operators to India terminal
Volga-Dnepr, Antonov form heavy-lift joint venture
Sceptical shippers scoff at FEFC's market claims Shippers and industry analysts have reacted with scepticism to claims by the Far Eastern Freight Conference that demand is out-pacing increases in capacity on the Asia/Europe trades.
Small ships passed over in slow season
Injunction granted in Santos Brasil-Libra Terminais dispute
Railway to link Xiamen and Shenzhen in four years
Cross-border European rail-equipment: the new missing link?
Xiamen to raise capacity to 10m TEU in two years
Incentive scheme boosts Gwangyang throughput
More small to medium-sized ships to be built
Jakarta: HR is crucial for cost-cutting multimodal transport system
Spirit goes for EUR 65m Tasmanian premier reveals sale price in bid to douse row over ferry disposal to Corsica Ferries.
Franco trio to Genco Genco is paying just $81m for three bulkers that Wexford Capital hoped to get paid $99m for in last year's fizzled Cavan Maritime IPO.
Coal carrier claims life Man dies after forty-foot fall on open-hatch carrier docked at Portsmouth, New Hampshire.
Nigeria overpays by $4m Government investigation launched after UN maritime body receives mystery money.
Acergy earnings shoot up UK-based offshore vessel player hugely profitable in first half as oil and gas business booms.
Ports boycott N Korean ships Japanese cargo handlers refusing to unload North Korean vessels in protest at missile tests.
Dofcon pockets share funds DOF-controlled offshore vessel owner completes NOK 200m issue to finance expansion.
Goldenport hits 90% London-listed owner has most of its fleet days covered by contracts this year - and the figure is 100% for its 10 boxships.
Kenya plans new port Second port at Lamu will handle cargoes bound for Sudan and Somalia.
Brazier blasts e-nav UK politician raises concerns over ability of modern systems to cope with extreme threats.
Simon says yes UK ports company finally recommends takeover offer by directors of Belgian shipowner Cobelfret.
Perisai buys Ocean Hercules Malaysian offshore support industry firm pays $5.8m for Oceaneering's multi-support DP1 vessel.
Trico teams with CNOOC US offshore operator teams with offshoot of Chinese oil major to target Southeast Asia.
Scomi seals COA Malaysian shipping group wins three year contract to ship coal for domestic power company.
Sitting in limbo Egyptian crew stranded in US port as it waits for legal spat over sister vessel to get worked out.
Mærsk sells another gas carrier A. P. Møller-Mærsk has sold off another LPG carrier, which also leaves the Scandigas pool. The LPG carrier is ...
New fast ferry out of service after fire After a small fire, which was extinguished quickly, in the engine room, Destination Gotland has decided to take its new ...
Freak waves could reach 60 metres in height For a long time, scientists have dissmissed the existence of freak, or rouge, waves as seafarer tall stories. In recent ...
US crude and gasoline stocks decline DOE report shows sharp crude drop as imports fell, even as refinery use dropped last week.
IEA forecasts stronger oil demand growth Demand growth set to rise in 2007 and beyond, but new supply should outpace demand next year agency says.
Oil major buys PSA's share in marine fuel depot Oil major takes full ownership of depot in the port that is also its main focus for LSFO supply in Belgium.
ARA market firms on higher crude
Thoresen Thai plans subsidiary unit in Singapore The company's subsidiary unit would send its ships to Singapore for bunkering.
IMO deadline sparks double-hull barge boom in Hong Kong Independent suppliers are racing to bring in double-hulled barges ahead of MARPOL Annex I deadline in 2008.
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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