Baltic index stays close to 3-month low The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, stayed close to a three-month low on Tuesday with weak appetite for cargoes keeping activity light.
Mid-East tanker surplus shrinks as demand rises A surplus of supertankers competing to deliver two million-barrel cargoes of Middle East crude shrank as demand strengthened.
Sinotrans sees 'surge' in China commodity imports continuing Sinotrans Shipping Ltd, the dry-bulk arm of China's third-largest shipping group, expects a 'surge' in iron-ore and coal imports to last through the year.
Famous Pacific Shipping adds ocean freight services Famous Pacific Shipping (FPS) Rotterdam has beefed up its South American ocean freight connections with the launch of a new fortnightly consolidation service to Cartagena (Col...
Inauguration of Lower Saxony quay in Brake The president of Lower Saxony (Germany) recently inaugurated the new Lower Saxony quay at the port of Brake. The new facility is 270 m long and ships with a draft of up to 11.9 m a...
Hamburg Süd, Aliança and CSAV rationalise South America-North America trade In response to market conditions that have changed significantly over the past year, Hamburg Süd, Aliança and CSAV have decided to rationalise their services in the trade between S...
Rickmers-Linie and Escombe Lambert Holdings establish UK liner agency company Rickmers-Linie GmbH & Cie KG, the Hamburg (Germany)-headquartered specialist for transporting breakbulk, heavylift and project cargo, and Escombe Lambert Holdings Ltd have establis...
JAL to decrease cargo fuel surcharge Japan Airlines (JAL) has applied to the Japanese Ministry of Land, Infrastructure, Transport and Tourism (MLIT) to revise its international cargo fuel surcharge for flights de...
Swiss Post expands logistics offer in Italy Switzerland's mail service provider Swiss Post is enlarging its distribution network in Italy. Swiss Post's international division (SPI) took over the Italian logistics provider Co...
Panalpina Japan to handle air and seafreight shipments itself The Basel (Switzerland)-based logistics service provider Panalpina and the NYK Group (Japan) agreed to realign their partnership in Japan. Panalpina Japan will handle all the sea a...
DHL to manage warehouse logistics and European transport for J.W. Ostendorf DHL Supply Chain took over all logistics for the J.W. Ostendorf (JWO) group of companies on 1 July. TDHL Supply Chain, the specialist for integrated logistics solution in Deutsche ...
Pacer International reports bad results The US transportation and logistics company Pacer International recently reported its latest set of interim financial results. In Q2/2009 revenues decreased by USD 139.9 milli...
Dusseldorf increases tonnage Dusseldorf airport (Germany) reported that its cargo throughput from January to June rose by 4.2%, an encouraging upward trend in the present economic crisis. A new airline, Sun d'...
United launches temperature-controlled product United Cargo, the freight department of the US carrier United, has launched Temp Control, a service designed for shipping healthcare and pharmaceutical products that require strict...
National Air Cargo extends service to Kandahar The US carrier National Air Cargo has launched weekly cargo flights on Fridays between its Michigan hub Willow Run Airport and Kandahar Air Base in Afghanistan. The new flight...
1st Swiss Logistics Day in September The first Swiss logistics day, which is being held on 18 September, will offer "hands on" logistics (Logistik zum Anfassen) to all-comers. Companies and institutions throughou...
Glimmer of hope as rates on key routes start to rise FREIGHT rates on the Pacific and Asia-Europe box trades head upwards as carriers control capacity.
Container lines target rate increases on Atlantic trades
Smaller boxships to spearhead recovery VESSELS of around 2,000 teu-2,500 teu likely to post a far more impressive charter rate recovery.
Dockers' unions target vessels over payoffs DOCKERS' unions threatening to blacklist vessels in solidarity with dispute at Peel-owned Marine Terminals in Dublin.
Surveyor adds to ferry uproar A SURVEYOR checking the ferry Princess Ashika before its departure said today he did not have a chance to finish his report ' but knew the vessel was unseaworthy
Who's watching NY's watchdogs? ON THE waterfront in New York, a scathing report has accused a watchdog agency of itself being rife with corruption
Russia hunts missing Arctic Sea RUSSIA today dispatched four naval vessels to hunt for the missing cargo ship Arctic Sea
IEA sees China upside THE IEA increased its oil demand forecast today, almost entirely in reaction to the rebounding thirst of China
Delhi, Seoul sign trade accord INDIA'S trade with South Korea could double under an economic partnership agreement, IHS Global Insight reported today
Russia to search for Arctic Sea Russian president Dmitri Medvedev has ordered the Ministry of Defence to take every possible measure to find ' and if necessary free ' the Arctic Sea and its Russian crew. Four Russian
St. Petersburg checking rescue equipment From the beginning of August until the end of November, the state port administration in St. Petersburg will carry out thorough inspections of ships' rescue equipment and check that the
PMSA supports voluntary emission reduction schemes A 'need to harmonise state regulations with Annex VI requirements'.
Counter-party risk a 'major concern', poll reveals Defaults posing more risk than volatile bunker prices.
European Bunker prices softening mid week Rotterdam players say market activity 'very slow'.
FAL secures another fuel oil cargo Essar Oil sells 60,000 mt parcel of 180 cst fuel oil.
Bearish US oil data dents crude rally US oil inventories rise more than expected, demand stays weak.
Traders should remain wary of bearish sentiment Bunker fuel prices remain firm despite recent weakness in major Western benchmarks.
Bunker costs down by more than 30% Norwegian Cruise Line says profits up year-on-year.
Brightoil in oil storage project Chinese supplier says strategy 'complements the growth of its marine fuel business'.
Management changes at Sealub Alliance South Africa New CEO onboard following Black Economic Empowerment deal, expansion of operations on the cards.
Asian markets mostly bearish mid-week Reports say buyers holding off to see if prices will fall further.
Sinopec gets 'go ahead' on Addax deal Chinese government approves the $7.2 billion deal.
India to lift Gujarat bunkering services Mid-sea bunkering facilities being planned to capture increasing coastal vessel traffic.
Will tight fuel oil markets keep bunker prices high relative to crude in the short term? Gains in the residual product's price are outpacing crude oil.
Brightoil signs gas exploration deal with CNPC Contract represents group's first entry into the upstream oil and gas business.
Eitzen tanker runs aground in Spanish waters The Sichem Colibri is an Eitzen Chemical tanker.
OPEC says oil demand from China and India is rising Chinese June demand up; India showed 'significantly' higher growth.
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