Baltic Dry Index declines to two-month low The Baltic Dry Index, a measure of shipping costs for commodities, fell to the lowest in almost two months on weakening demand to haul iron ore for making steel.
More products tankers hired to store jet fuel, gasoil Traders hired record numbers of the biggest oceangoing oil products tankers to store jet fuel and gasoil in Europe as demand drops and shore tanks fill up, said D/S Torm, the largest refined fuels shipper.
Most powerful offshore vessel enters service The Rolls-Royce designed and equipped vessel Far Samson, the most powerful offshore vessel ever built, recently entered service with Norway's Farstad Shipping after a naming ceremony in Edinburgh.
Daimler's Rüdiger Grube set to succeed Hartmut Mehdorn at DB German chancellor Angela Merkel and the country's foreign minister Frank-Walter Steinmeier are said to have agreed to nominate Rüdiger Grube, a member of Daimler's board, as the ne...
UTi Worldwide reports poor Q4 The US global forwarder UTi Worldwide has published its financial results for the fourth quarter of fiscal 2009, with revenue down by 26% to USD 894.1 million vis-à-vis Q4/2008. Ne...
Noerpel with new logistics centre in Germany Logistics service provider Noerpel has completed a new logistics centre for edible raw materials, food and pharmaceutical products in Ulm (Germany). Launch customer Cognis has alre...
Megalogix logistics park on course for success in Russia The first phase of the Megalogix Rostov-on-Don class A logistics park, covering 100,000 sqm, was opened in late March. The complex is in the Aksay district northeast of Rostov-on-D...
SBB improves freight division result Switzerland's state-owned railway company SBB achieved its best ever result - CHF 345 million - in 2008, with its freight subsidiary SBB Cargo also contributing, not least thanks t...
SBB Cargo in partnership negotiations Switzerland's state-owned railfreight operator SBB Cargo has completed the tender it launched last September and has reduced the number of potential strategic partners to seven com...
Caspian Sea ferry services expanded A regular direct railway ferry service across the Caspian Sea is going to be set up between Russia and Turkmenistan. Operations linking the ports of Astrakhan and Makhachkala (both...
Noble Denton and Germanischer Lloyd to merge A new and comprehensive technical assurance and consulting company has been formed by the merger of the UK's Noble Denton with Hamburg-based Germanischer Lloyd. The new technical a...
New MOL services Tokyo-based Japanese shipping line MOL now offers a new Asia-West Africa service via the Suez Canal, as well as a new Asia-Indian Ocean islands/South Africa-West Africa service. MO...
Idle boxship tonnage set to soar EXPERTS say current idle capacity could soon be dwarfed as operators continue to downsize fleets.
Another 31 idle boxships join the lay-up list
Asia-Europe rates inch higher BOX lines manage small rate hikes but prospects on the Pacific looks bleak with spot rates still under pressure.
Shipping confidence slides but recovery around the corner MOORE Stephens survey suggests things are likely to improve over the coming 12 months and beyond.
MSC jumps its Suez surcharge MEDITERRANEAN Shipping said today it is raising its Suez Canal transit surcharge to $50 per teu, from $9 per teu, starting on 15 April.
Singapore lay-ups spark collisions THE AMERICAN P&I Club today issued an alert on collision dangers for Singaporean waters that are increasingly crowded with laid-up ships
Malaysia gets pro-trade PM MALAYSIA's new Prime Minister Datuk Seri Najib Tun Razak will be a strong supporter of shipping trade, Nazery Khalid, senior researcher at the Maritime Institute of Malaysia, has told Fairplay
Pirate surge seen in March PIRATE attacks off Somalia have surged in the past month, according to an International Maritime Bureau alert
North Sea offshore worker killed A NORTH Sea offshore worker has reportedly been killed in an in an accident 4 n-miles off Aberdeen
G20; CI's 11th: mental stimulus In opposite parts of London this week, two meetings took place that could influence the strategy of ocean carrier forward thinking: but in this brave new post-G20 world, survival is still the number one priority.
G20 deal spurs stocks
Economic hardship stems US regulatory maritime reform
Shipper: Demise of EU conferences has improved BAF transparency
Slowdown in container ship lay ups The number of idle container vessels has stopped increasing. According to AXS-Alphaliner 485 container vessels, with a combined capacity of 1.42 million TEU, were idle on March 30
Ports protest against raise in pilot fees The Association of ports in the western part of the Limfjord has launched a protest against a substantial raise on the fee for the compulsory pilot service. The ports fear
State aid for Scandlines to avoid redundancies? German ferry operator Scandlines has given notice to 400 of the company's 2,400 employees, but is now considering applying for state aid to avoid the redundancies. The initiative does not
Dane takes the top in UK Chamber of Shipping Jesper Kjædegaard has been appointed the President of the Chamber of Shipping (UK), London. Jesper Kjædegaard has been the Vice President of the Chamber of Shipping for several years and
Americas: Double-digit price surges at major ports 380 cst soars $26.50 pmt in Los Angeles; 5-month high in Jacksonville. 'Minimal' bunker impact from cruise line cuts Dry bulk mainstay expected to cushion effect for Vancouver. EU considers tax on bunker fuel European proposal is 'moving up the agenda' in absence of international action. Europe: Prices end week at new highs Southern Europe plays catch-up as prices firm further in the north. Global player acquires UK-based bunker supplier World Fuel Services announces acquisition of Henty Oil Limited. Asia: Hong Kong's 380 cst grade at 5-month high Asian bunker prices continue to climb. Bunker spill captain bailed Lawyer says prosecutions likely against others with 'much deeper pockets'. New premises for Global Vision
Web application helps operators save costs Fleetweb system enables greater operational efficiency, as well as savings on bunker consumption. Research aims to reduce fuel consumption on ships Two major European engine manufacturers working on the second phase of HERCULES project. OPEC 'can live' with $50 oil price Bunker markets firm as crude oil prices surge.
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