More vessels expected to go into lay-up The demand and supply imbalance in the global container shipping fleet is so severe that at least another 5 per cent of ships need to be laid up in the next six months before equilibrium is achieved, said an industry specialist at the Marine Money Asia conference yesterday.
EU renews liners' antitrust exemptions European Union competition regulators will continue to exempt liner shipping groups from the bloc's strict antitrust rules for another five years to 2015, the European Commission said yesterday.
Surplus of M-E tankers falls for third week The oversupply of supertankers waiting to collect crude oil from Middle East ports shrank for a third week.
Chinese, S Korean help for shipyards may hurt industry
Volkswagen now via St Petersburg to Russia The Volkswagen group is setting up new logistics corridors to offer high-quality service to its customers in the east, despite the current challenging situation in Russia's automob...
Increase in capital for Flensborg and Associates GmbH Flensborg and Associates GmbH and Flensborg International GmbH, based in Munich (Germany) were recently merged in the process of raising capital. The name of Flensborg and Ass...
Toyota extends contract with Ceva in Italy Ceva Logistics has secured a three-year extension of its partnership with BTCESAB, a forklift truck manufacturer in Italy that is merging with Toyota Forklift Italy. Ceva will beco...
Fret SNCF's nine-point plan The French state-owned railway SNCF has announced a thorough restructuring of its freight division Fret SNCF. The new "ecological cargo transport scheme" for SNCF covers ...
ICTSI China names new officers Yantai Rising Dragon International Container Terminals Ltd (YRDICTL) recently appointed Shiti Pang as deputy general manager and Jianjun Li as technical and security director for Y...
PortGround loads first horse at Leipzig/Halle airport PortGround, a subsidiary of the German stock company Mitteldeutsche Airport Holding, recently loaded a valuable dressage horse bound for Bahrain on schedule at Leipzig/Ha...
16 countries accept Rotterdam Rules Sixteen countries have officially expressed their support for the new UN convention known as the Rotterdam Rules. The convention brings more clarity regarding who is resp...
Germany's Ruhr Basin ahead of Hamburg The German logistics consultancy SCI has published a review of Germany's logistics regions in which it found that the Ruhr Basin and the Mannheim/Ludwigshafen region have surp...
Still no growth in cargo volumes for port of Helsinki The August traffic volumes for Finland's port of Helsinki do not indicate an improvement in the economic situation. The amount of unitized cargo in August was 25% lower than i...
Berlin votes Hapag guarantees AILING German box line Hapag-Lloyd succeeded today with its application for a huge loan guarantee from Berlin
River re-opens after grounding THE tanker Eagle Tucson ran aground in the Lower Mississippi River, but restricted deep-draught vessel transits resumed late Monday
Jan de Nul undercuts rivals Belgium-based Jan de Nul N.V. was today awarded the contract to dredge the Atlantic entrance of the expanding Panama Canal
$41M seized from containers US Immigration & Customs Enforcement (ICE) today announced a record seizure of $41M in drug money hidden in containers in the ports of Manzanillo, Mexico and Buenaventura, Colombia
German owners hail Merkel win GERMANY'S shipowners' association VDR told Fairplay today it expects steady progress in maritime and shipping regulation because of last night's election win for Chancellor Angela Merkel
Daewoo wins 4 ships for Vale DAEWOO Shipbuilding & Marine Engineering has won a new order for four VLOC newbuildings from Brazilian mining giant Vale, newbuilding sources told Fairplay today
CMA restructuring, not fishing CMA CGM today said it is working with its financial partners to restructure the finances of the company
Record number of cruise passengers to Tallinn Tallinna Sadam (Port of Tallinn) recorded 307 calls by cruise ships with a total of about 415,000 passengers on board during the cruise season ' an increase of 10.7 per
Norwegian seafarers getting fatter At a conference on safety at sea in Haugesund recently, marine physician Torleiv Kvalvik said that obesity is a serious safety risk at sea. Since 1965, the percentage of Norwegians
State support to Danish ferry newbuildings The Danish Ministry for Interior and Social Affairs will give a DKK 210 million subsidy to eight island ferry services spread over the country. The island ferry services are mainly
Prices trading lower again to start week Meanwhile, crude oil prices start the week firm.
Middle East bunker prices falling Fujairah market quiet.
UK may use industry paper for IMO submission One approach in 'cap and trade' proposal would be linked to countries' international bunker sales.
Mass Flowmeter Accuracy
Port authority backs low-sulphur bunkers New York and New Jersey to offer owners cash incentives.
New EU proposal may be linked to fuel tax Tax on shipping and aviation fuel would help generate billions in annual funds for climate change mitigation.
Asia: Weak demand and weakening prices Tokyo Bay, however, sees prices firm.
Pollution charge 'part of anti-Gibraltar bandwagon' Attack on port's bunker record is 'without justification'.
Aramco offers sixth fuel oil cargo More fuel oil cargo offers amid tightening Middle East and East Asian markets.
Goldman Sachs sees firmer oil prices, rising demand European integrated oil firms may struggle to sustain current output.
Typhoon 'may hit' Hong Kong Number 1 standby signal has been raised.
Spill closes Houston channel Barge spills heavy fuel oil after a collision.
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