NYK raises box rates on Asia-US routes Nippon Yusen Kaisha (NYK), Japan's largest shipping line, has raised rates on container services to the US from Asia after slashing its supply of ships.
Container volumes rise 2.5% in August Container throughput continued to rise by 2.5 per cent month-on-month to 2.28 million twenty-foot equivalent units (TEUs) last month, although the slower rate of increase from the 5.6 per cent rise the preceding month seems to suggest that the sector's recovery is reaching a plateau.
FedEx Q1 profit tops forecast FedEx Corp rose to an 11-month high in New York trading after the second largest US package-shipping company said that first-quarter profit topped its forecast.
Spedair renamed Greencarrier Latvia The Latvian transportation and freight forwarding company Spedair, which was acquired by the Gothenburg (Sweden)-based logistics specialist Greencarrier International in Septe...
Kuehne + Nagel manages inbound supply chain for Woolworths Limited Woolworths Limited, the largest retailer of grocery, general merchandise and consumer electronics in Australia and New Zealand, has chosen Kuehne + Nagel as the exclusive provider ...
Brink's acquires majority stake in Brink's Arya The Brink's Company has purchased an additional 38% stake in Brink's Arya, a cash handling and secure logistics company based in Mumbai (India). The terms of the transaction were n...
Agility wins contract in Qatar from RasGas The global logistics service provider Agility has been awarded a major logistics contract in Qatar by RasGas to provide global freight forwarding and transportation services, as we...
Galati container terminal now operable Romania has completed the construction of its first specialised box terminal on the lower Danube River. The facility in the inland port of Galati is expected to substantially ...
Port of Long Beach to hold hearing on rail facility The US port of Long Beach will hold a second public hearing on 16 September to gather community input on a proposal for an on-dock rail support facility that would help i...
Major world-class port operators yearn for Rijeka's terminal container "A number of world-class terminal operators are seriously attracted by the privatization of our company," said Goran Manfreda, CEO of Jadranska Vrata (Adriatic Gate) j.s.c., w...
Emirates SkyCargo to move all German departures to Frankfurt airport Emirates SkyCargo, the freight division of the Dubai (United Arab Emirates)-based airline Emirates, is moving all of its German cargo departures to Frankfurt airport. All...
Jet Airways to open Mumbai-Dhaka route The Indian carrier Jet Airways will launch a daily, direct service on the Mumbai (India)-Dhaka (Bangladesh)-Mumbai route deploying a state-of-the-art Boeing B737-800 on 15 Sep...
Heavy-duty crane operating in port of Wismar The port of Wismar (Germany) in the Baltic Sea has invested in a Liebherr mobile harbour crane capable of lifting 104 t. The decision was taken in view of increasing interest in th...
New MASKargo service to Japan Senai Airport Terminal Services (SATS), headquartered in Johor Bahru (Malaysia), has inked an agreement with the Malaysian airline MASkargo for weekly direct B747-400F ca...
Vienna airport with less freight Austria's Vienna airport handled 134,000 t of cargo from January to July this year. This was 14% less than in the same months in 2008. The figure includes both flown and truck...
Quo vadis BMI The German airline Lufthansa is still officially examining all options with respect to the British carrier bmi, including its integration or a total or partial sale. The German dai...
EU shipyards call for subsidies Cesa claims Brussels support and wants 'active stimulus for demand in markets which are in need of new vessels, such as the replacement of ageing vessels in European waters'
Atlantic box collapse clouds slowdown in Asia-Europe slump ELAA data show eastbound north Atlantic volumes plunged 43% in second quarter.
ESPO chief warns against German aid for ports Secretary general urges Brussels to rule on the legality of proposals for financial support to help hard-hit terminal operators at Hamburg and Bremen.
Hanjin Heavy considers private sale for boxship trio Shipyard may sell three 6,500 teu newbuildings privately after rumours of derisory bids at public auction
Seacor tables $300m US Shipping bid NYSE-listed company reveals hand in battle for Jones Act operator.
Pirates free bulker and crew SOMALI pirates reportedly freed a Greek-operated bulker and its crew today after receiving a $2M ransom
Bunker, crude prices diverge SPOT PRICES of fuel oil and crude are deviating beyond their historical relationship, McQuilling Services has cautioned
Huge Venezuela gas pool found A NATURAL gas field off Venezuela is among the biggest in the world, REPSOL YPF confirmed today to Fairplay
US-China tyre row accelerates A DISPUTE that could grow into a major trans-Pacific trade fallout has erupted between China and the US
Shell takes Gorgon plunge ROYAL Dutch Shell decided today to invest in the huge Gorgon LNG project, which paves the way to develop one of the world's largest natural gas developments
Windstar owner to restructure WINDSTAR Cruises owner Ambassadors International has disclosed a restructuring plan to slash outstanding debt by up to $70.5M
US box forecast bumped a bit PEAK-season box imports have slightly boosted a key second-half forecast for liner operators calling on major US ports
In crisis The past month has seen a spate of interim results issued by the ocean carriers and it seems the red ink is getting deeper by the day. And while the losses mount and the drive of companies to secure fresh capital from their shareholders, help from Government and/or dispose of assets in a bid to survive increase, the forecasts get no better. Indeed most analysts covering the liner shipping market do not expect to see a recovery before the end of Q2 10, at the earliest
Hutchison's PARIS for Hamburg Sud in the UK
Laid up containerships up the up
US freight volumes show signs of life
Bruges the host for marine underwriters' annual conference
Germans through Northeast passage Two German merchant vessels, Beluga Shipping's 12,744 DWT heavy lift carriers Beluga Fraternity and Beluga Foresight, both built in 2008, have managed to transit the Northeast Passage. They were loaded
Arctic Sea still in Canary Islands According to the Russian foreign ministry, the Arctic sea is still in the Canary Islands off Las Palmas. The Russian investigators on board are still working on an investigation, which
Danish government opens for new shipping aid Denmark might grant government aid to shipping companies in financial trouble. The two parties forming the Danish Government, Venstre and Konservative, have both signalled that they could be in favour
Kanhave twice as expensive The building and inauguration of the ferry Kanhave have been much more costly for Nordic Ferry Services than expected. The shocking figures have been revealed in a report issued by
Bunkering system passes test 'Industry changing event', says Buffalo Marine Services.
North Europe sees double-digit price drops Smaller changes in south Europe on Monday.
Bristol Harbor Group designs new barge Numerous modifications made to suit bunkering needs.
Fall in revenue is accelerating Shipping line says volumes dropping in nearly all major trade lanes.
Temporary LSFO supply in Romanian port HSFO supply expected to resume within two weeks.
Two commercial ships complete North East Passage Route cuts 4,000 nautical miles from Asia/Europe voyage.
New bunker jetty in operation New jetty will serve Auckland cruise and commercial market 'for years to come'.
Cutting CO2 emissions will save ship operators 'billions of dollars' Technology company says bunker fuel savings are a 'cost benefit' of cutting GHG emissions.
Asian bunker markets start the week soft Some of the steepest falls were reported from Tokyo Bay.
Oil spill captain to face charges in November The captain of the Pacific Adventurer could be fined for Queensland's worst oil spill.
Singapore August bunker sales drop 3% on year Sales down marginally month-on-month.
Petrobras arm signs $47 million bunker tankers contract Construction of bunker tankers part of a $1.3-billion 10-vessel order.
Storm forces suspension of bunker operations Hong Kong's bunker market will be disrupted 'for two to three days'.
'Name lending' a thing of the past Tight credit continues to squeeze the maritime industry, a Middle East bank says.
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