Shipping lines to raise US-Asia container rates Evergreen Marine Corp, China Cosco Holdings and eight other shipping companies agreed to raise rates for US-Asia shipments as they battle to reverse industrywide losses.
Shipping costs can rise 7.8% this year: Nomura The cost of seaborne haulage of goods such as coal and iron ore can increase at least 7.8 per cent by year-end, supported in part by Chinese raw-material demand, Nomura Holdings Inc said.
Royal Caribbean expects 4th-quarter loss Royal Caribbean Cruises Ltd, the world's second-largest cruise operator, has forecast a loss for this quarter as it discounted more tickets than expected in a seasonally slow period.
First fully-refrigerated freight train transits Channel tunnel Eurotunnel provided access to the first freight train composed entirely of 30 refrigerated containers one night recently, in line with its programme to develop cross-Channel railfr...
Fiege Switzerland expands European agent network The logistics service provider Fiege Logistik (Schweiz) added two active partners to its European network, with effect from 2 November. They are the Norwegian company Cargo Partner...
Increase in Swiss heavy vehicle fee deemed unlawful Switzerland's federal administrative court has deemed unlawful the last increase in the distance-related heavy vehicle fee (HVF, or Leistungsabh'ngige Schwerverkehrsabgabe LSVA in ...
OOCL makes strategic management changes OOCL has enhanced its strategic planning and organisational efficiency by making the following management changes. Henry Wong will relocate to Hong Kong on 1 November, to take up t...
65 candles for Bob Dons Bob Dons, the founder of the Swiss company Dons Transporte AG in Reinach near Basel, recently celebrated his 65th birthday. Dons, a Dutch national, obtained his commercial vehicle ...
Starting shot fired for logistics cluster Basel Representatives of the Basel chamber of commerce, St Gallen university (chair for logistics management), the Rhine ports in Basel and Baselland and Spedlogswiss recently presented ...
Freja takes over the activities of Cargo Express Freja Transport & Logistics took over all the activities of Cargo Express International Transport & Spedition on 30 October 2009. Cargo Express is a Danish forwarding and transport...
DGX acquires operations of C&H Freight DGX (Dependable Global Express) has taken over certain operations of C&H Freight (USA), a neutral NVOCC specialising in the Central and South American trade. Operations of C&H Frei...
Evergreen raises charges on Far East-Europe trade The Taiwanese shipping line Evergreen is increasing its charges by USD 225 per teu on 1 December. The rate hike will be levied on all cargo and commodities, including temperature-c...
Maersk introduces new service The Danish shipping line Maersk will launch a new service called Adriatic Levant Express or "Alex" on 18 November. The new sailing will operate between the Eastern Mediterranean an...
BA pleads guilty to fixing surcharge prices in Canada British Airways (BA) has pleaded guilty to taking part in an airfreight cartel in Canada. The carrier has now been fined CAD 4.5 million (USD 4.1 million). BA admitted to fixing su...
Munich Airport's winter timetable offers flights to nearly 220 destinations Munich airport (Germany) introduced its winter timetable on 25 October. For the period up to 27 March 2010, airlines have booked slots for approximately 154,000 take-offs and landi...
Swiss adding Canadian cities to network Switzerland's flag carrier Swiss International Air Lines (Swiss) will add two further destinations to its long-haul network in summer 2010. The Canadian cities of Calgary and Vanco...
Iata: scheduled traffic figures for September The International Air Transport Association (Iata) recently reported international scheduled traffic figures for September 2009. Passenger demand was essentially unchanged, whilst ...
Israeli commandos seize ship ISRAELI commandos seized a box ship near Cyprus early today, with Israel's government accusing its crew of smuggling arms
Lost ferry was full of holes A SAFETY inquiry has listed a catalogue of serious safety hazards in the sinking of the Tongan ferry Princess Ashika
Zim scheme at last approved BOX LINE Zim has finally hammered out a $450M rescue plan with its parent company, which was approved by Israel Corp shareholders last night
Timor leak stopped, fire halted PTTEP's Montara field wellhead has finally been choked off, more than 10 weeks after it first began spewing light and sweet crude and gas into the Timor Sea
Fincantieri thrown lifeline ITALY'S cash-strapped shipbuilder Fincantieri has reportedly been thrown a lifeline, with €1.5Bn ($2.2Bn) in export credit financing
Cruise face-lift creates 300 jobs THE UK will gain 300 jobs from a scheme to place a £20M ($33M) refit order at a UK drydock, cruise operator Saga Shipping told Fairplay today
RBS sells MSVs Royal Bank of Scotland seeking buyer or charterer for pair of offshore construction vessels ordered by TS Marine.
NCL notes sell Cruiseship owner Norwegian Cruise Lines has sold $450m worth of senior secured notes.
Delays spur cull GC Rieber confirms cancellation of Polar Marine II newbuildings, blaming the nix on "significant delays."
Samba pirates Port security seizes wooden pirate boat used to steal cargo from the CMA CGM Sambhar in the Brazilian port of Santos.
Grandad? It's time for brokers to grow up, Platou broker Richard Fulford-Smith says at Greek Shipping Summit.
FBR boosts OSG Analyst hikes rating on Overseas Shipholding Group thanks to "excellent" cost-cutting efforts and because the worst is behind the tanker owner.
Pistiolis firm Everybody needs to deal with their own problems, charters included, Top Ships chief executive says at Greek Shipping Summit
Cleansing cash? Yuri Privalov fights off suggestions he used bank accounts of Yuri Nikitin's companies to steal over $1m from Sovcomflot.
'Bystander' Bruny Managers and owner of the Cape Bruny reject lawsuit's implication of the tanker in a Puerto Rico tank farm fire.
Math talk Tanker charter rates will stay low and asset values will drop, private Greek owner Leon Patitsas says.
Summit begins Greek Shipping Summit 2009 kicks off in Athens with a special tanker focus. TradeWinds correspondent Yiota Gousas takes us there.
Lending patience Greek banks will start lending again in six to 12 months, Petrofin's Ted Petropoulos says.
Transocean down New York-listed rig and drillship owner sees plunge in profits but beats expectations.
Newbuilding re-jig Gabriel Panayotides' Excel sells stake in one newbuilding, takes full control of another and bags a larger share of a third. Four more "do not exist."
Israeli raid Marines intercept UFS containership suspected of carrying weapons from Iran.
Watergate Upon leaving Fiona Maritime, Yuri Privalov was told to throw his work computer into the River Thames by Dmitry Skarga, London court hears.
LNG rescue MOL-managed gas carrier picks up 19 people from sinking boat off Cocos Islands.
Free to go German navy releases four suspected pirates intercepted in Indian Ocean.
Ready to float Attempt to be made to refloat grounded Jadrolinija ferry Marko Polo off Croatia.
Bleak box outlook DnB NOR sees little good news in the liner sector and shipping in general, but is more positive on offshore.
IHB buys Bulgarian group takes bulker cancelled by Navibulgar off the hands of its Varna Shipyard subsidiary.
ABG boosted Government subsidies for confirmed orders lift Indian shipbuilder's second-quarter net.
Zim deal done Israel Corp shareholders agree $550m refinancing package for cash-strapped container line Zim.
Sembcorp strong Singapore ship and rig builder spies better demand on the horizon as third quarter profit edges up.
Noteworthy Dutch terminals group Royal Vopak to sell $680m of notes in US private placement market.
Goldenport scraps Greek owner offloads 1985-built boxship while arranging $20m in finance for new bulker additions.
Safe suffers Polys Hajioannou-led bulk operation sees third quarter results slide on weaker rates and higher costs.
Losses widen Results deteriorate at Gerry Wang-led boxship leaser Seaspan as it suffers $92.5m loss on interest rate swaps.
Pacific price hike WTSA container lines slap rate increase of up to $120 per teu on exports from US to Asia.
Hyoki lower Japanese coastal shipping company has revised interim and full year profits forecast downwards.
Yujin downbeat Singapore small tanker operator sees Asian business fall away and sees revenues fall as a result.
ACL hikes prices across the Atlantic Atlantic Container Line has announced a two-step rate increase of USD 550 for 20-foot containers and USD 950 for 40 footers. The first increase is USD 300 and
Greece's new shipping minister wants to reverse recruitment trend Greek Economy Minister Louka Katsela in the new Greek government has promised Greek shipowners that the country will have a policy that supports a strong shipping industry. She also says
CESA: shipbuilding capacity needs to be altered At the CESA meeting in Berlin on October 29, delegates from Europe, Japan, China and USA acknowledged that "the shipbuilding industry throughout the world is experiencing a more challenging business
First law suit just days after San Fransisco oil spill Just days after the Dubai Star spilled up to 3,000 litres of fuel oil into the San Fransisco Bay during the morning of October 31 while bunkering the first law
Florø to become repair yard STX Europe's Norwegian yard in Florø will undergo restructuring and specialize in service and maintenance of offshore and traditional commercial vessels, after it has delivered the last ship in its
Arctic Sea to resume voyage to Algeria The cargo vessel Arctic Sea's operator Solchart Management has announced that the ship will resume its voyage to B'ja'a, Algeria, on Thursday, reports the Russian news agency Ria Novosti. The
Vessels attacked by pirates off Kenya On Monday evening, pirates attempted to hijack the commercial vessels Harriette and Jo Cedar 360 nautical miles east of Mombasa, Kenya ' but failed. The US-flagged cargo vessel Harriette, 25
Inventory report sends crude over $80 in early trading But analysts cautioning that numbers were not 'too bullish'.
Rotterdam prices bounce back Double-digit increases in many ports today.
Prices firm in Fujairah, weak in Durban Suez reporting tight avails for IFO grades.
Istanbul market short on product Production problems at Tupras refinery hits marine fuel production.
Bunker clean-up: 'Fine detail work' begins 80% of shoreline oil has been removed.
WFS sees revenue and profits fall Company says its marine sector performed well 'despite challenging conditions'.
Singapore IFO at 13-month high Bunker product sees double-digit gains.
Shareholders approve Zim's bailout plan Vote marks end of 'intensive restructuring process'.
Shanghai bunker market to benefit from box volume rebound Bonded bunker sales to rise to 1.5 million mt in 2010 and 2 million mt in 2011, supplier predicts.
MPA urges Singapore market to uphold 'business integrity' Players will have 'less problems going forward' if they 'respect the rules'.
More fuel quality problems predicted due to ECAs Growth in demand for low sulphur fuel oil when North American ECA comes online will 'change the picture'.
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