Israeli firm accused of selling ships to Iran After years of pushing for tough sanctions against Iran, Israel has been left reeling by reports that an Israeli shipping company has been actively doing business with the Islamic republic.
Australia airlines, ports face industrial disputes Australia is facing what employers say is its worst period of industrial unrest in decades, with disputes hitting airlines, ports and mines as unions use an unprecedented resources boom and labour shortage to fight for a greater share of profits.
Abu Dhabi Ports works on Khalifa zone funding Abu Dhabi Ports Co, the state-run harbour operator, has hired banks including HSBC Holdings Plc and National Bank of Abu Dhabi PJSC to work on plans for refinancing debt taken out to build the Khalifa Industrial Zone. The company intends to change short-term loans into longer-term financial instruments once construction is complete, executive vice-president Khaled Salmeen Al Kawari said yesterday in Seoul, where he is attending a forum.
Strait Talk
Armed guard issue still a legal minefield AS ALL shipping industry meetings are these days, last week's Asian Shipowners' Forum (ASF) annual general meeting in Bali was dominated by the issue of Somali piracy.
Israeli firm accused of selling ships to Iran After years of pushing for tough sanctions against Iran, Israel has been left reeling by reports that an Israeli shipping company has been actively doing business with the Islamic republic.
Australia airlines, ports face industrial disputes Australia is facing what employers say is its worst period of industrial unrest in decades, with disputes hitting airlines, ports and mines as unions use an unprecedented resources boom and labour shortage to fight for a greater share of profits.
Abu Dhabi Ports works on Khalifa zone funding Abu Dhabi Ports Co, the state-run harbour operator, has hired banks including HSBC Holdings Plc and National Bank of Abu Dhabi PJSC to work on plans for refinancing debt taken out to build the Khalifa Industrial Zone. The company intends to change short-term loans into longer-term financial instruments once construction is complete, executive vice-president Khaled Salmeen Al Kawari said yesterday in Seoul, where he is attending a forum.
Strait Talk
Armed guard issue still a legal minefield AS ALL shipping industry meetings are these days, last week's Asian Shipowners' Forum (ASF) annual general meeting in Bali was dominated by the issue of Somali piracy.
Oman Air Cargo starts road feeder services in Gulf region The freight arm of Oman's national airline is launching road feeder services (RFS) tomorrow (1 June). For the first ever, airports within the sultanate (Muscat, Salalah and Sohar, ...
Safer journeys action plan to improve road safety in New Zealand New Zealand's transport minister, Steven Joyce, has released the safer journeys action plan 2011-12, outlining the government's next steps on road safety. The action plan builds on...
Slavenburg & Huyser agent for Delmas From 1 June 2011 Slavenburg & Huyser will represent Delmas in the Netherlands, the leading carrier to/from Africa. For strategic reasons the name of the Delmas subsid...
TAP Portugal stops Johannesburg service After the last flight on its Lisbon-Maputo (Mozambique)- Johannesburg service was operated yesterday (30 May), the Star Alliance member TAP Portugal is ending the extension to Sout...
IRU criticises plan to transform Eurovignette into pure new tax The current text of the Eurovignette Directive will transform Eurovignette revenues into a pure new major additional tax if the European Parliament votes in favour of the text...
Start of expansion works at Gary/Chicago airport Work has begun on a USD 153 million expansion of Gary/Chicago airport in Indiana (USA). The scheme foresees the expansion of the airport's main runway from just over 2,000 m to nea...
7th Maritime Conference: German flag too expensicve At the recent 7th National Maritime Conference in Wilhelmshaven, Michael Behrendt, the president of the German shipowners association (VDR), said that the cost of the German flag h...
Groupe Eurotunnel and Star Capital Partners cooperates Groupe Eurotunnel and Star Capital Partners are establishing a joint venture to develop an electricity interconnector between Great Britain and France to provide greater energ...
CargoLine and Milsped forge closer links to the Balkan region On behalf of the general cargo alliance CargoLine, the Serbian transport group Milsped has assumed responsibility for the collection and distribution of shipments originating in, o...
Rail sector continues to lead towards decarbonised European transport system A new report shows that the rail sector is well on the way to achieving its 2008 declared target of a 30% reduction in CO2 emissions from rail traction by 2020. The la...
APL "cold-irons" ships in Oakland to clear the air The Singapore-based container shipping line became the first to shut down, or, "cold-iron" a vessel's engines to eliminate exhaust emissions at the port of Oakland CA (US...
Grup TCB appoints S. Senthilkumar as COO of its new container terminal in India Grup TCB, has appointed S. Senthilkumar as chief operating officer (COO) of the group's new container terminal in Ennore near Chennai (Madras) in India. TCB led the consortium...
Philips prolongs contract with DHL Supply Chain in northern Europe Philips Consumer Lifestyle, one of the world's leading brands in the healthcare, lifestyle and lighting sectors, has prolonged its contract with DHL Supply Chain in northern Europe...
Cosmetics corporation Colomer selects Kuehne + Nagel as logistics partner The Colomer Group, a Spanish cosmetics company, has contracted the Switzerland-based logistics corporation Kuehne + Nagel to provide warehousing, picking & packing and dis...
DSV Air & Sea Oy acquires Wasa Logisticy Oy in Finland The Danish transport and logistics group DSV has agreed to acquire 100% of the shares in Wasa Logistics. Wasa Logistics specialises in project transports and is one of the market l...
RailAmerica to acquire three Alabama railroads RailAmerica Inc has signed an agreement to acquire the assets of three short-line freight railroads in the state of Alabama (USA) for USD 12.7 million. The transaction is expected ...
Oltmann teams up with German KG house for newbuild finance HCI offers containership fund to investors
VLGC owners hit as traders wait for June gas prices Rates slide to 15-week low as charterers and traders show caution ahead of suppliers' June announcements
European aframax earnings threaten to drop below daily operating costs Declines are expected across the board for the Atlantic aframax spot markets, as a surplus of tonnage in northern Europe and a pronounced falling-off in the Mediterranean after a spike caused by the Syria protests hit time charter equivalent earning
Golar LNG to bring carrier out of lay-up GOLAR LNG has demonstrated its faith in the improving liquefied natural gas market for owners by announcing that it will reactivate the LNG carrier Gimi after nearly two years in lay-up
Bulk carrier demolition prices set to drop below $500 per ldt Reduced buying demand from South Asian breakers as yards fill up with previous purchases dampening scrap prices
Secondhand capesize prices plummet $5m in two months Secondhand vessel values for modern capesize bulk carriers have dropped $5m in two months, with a new benchmark set by Greece's Marmaras Navigation last week when it reportedly bought the former Korea Line-owned, 2010-built, 174,667 dwt Poinsettia for $51m from Nordea Bank
Lifeboat release hook regulations disappoint key shipping bodies Amendments approved by IMO Maritime Safety Committee are only 'a step on the way' says BIMCO technical chief
Turkish yards and fleet to get lifeline from international finance deal Joint Turkey/Netherlands agreement set to boost Dutch equipment suppliers as well
UKHO points shipping to the future As Ecdis mandation looms, the UK Hydrographic Office wants shipowners to look more closely at the changing shape of navigation
Datema's ENCtrack heads in right direction Chart reseller overcomes problems to reach deal with UKHO over its pay-as-you-sail Ecdis system
Gibraltar fireball explodes just metres from cruiseship Independence of the Seas flees billowing flames and thick smoke as the Rock's phone network collapses under flood of panic calls
Brazil bans foreign seafarers from coming ashore Countries not signatories of ILO 108 targeted, with fines issued for non-compliance
Industry in danger of putting safety last DNV's assessment of declining standards supported by Tokyo MOU findings
Odfjell's long-running Sevmash dispute comes to an end Russian courts side with Odfjell and forces shipyard to pay outstanding $50.7m
EU repeal of liner block exemption has 'increased freight-rate volatility' Alphaliner report says China Containerised Freight Index shows credit crisis not to blame
Takeover of Saga Tankers secures cheap VLCCs for DHT Holdings Majority shareholder Arne Blystad accepts offer of a quarter DHT share for each Saga share, valuing company at $87m
Trading with Syria Shell should not be required to play the part of the west's conscience if politicians lack the will for action
K Line does about-turn on car carrier cold lay-up decision Move driven by expectations of a faster recovery for Japanese auto exports
Toll moves into China's booming auto market with 40% Tianjin Anda stake Deal provides option to take majority stake in 3PL over next two years
'Solid growth' forecast for Europe's container volumes Second half of year slated to see upturn despite weak first quarter
Jinhui first quarter profit up but $5m Korea Line exposure hurts Jinhui bounces back from its fourth quarter loss, but expressed caution over weak market conditions and a rising cost base
Norwegian confusion The Norwegian government seems to love shipping and to want to make it suffer at the same time
Syrian ports escape worst of political turmoil Sources say container and dry cargo operations affected, but no major disruption is apparent
Document that dooms US port security The Transportation Worker Identification Credential has now been damned in detail by Congress auditors
European shippers snub global forum ESC says 'difference of ideas' about the future thrust of GSF prevented link-up
Ludicrous idea to combat piracy Unarmed professionals on board would not be 'best practice' for dealing with pirates
Denmark, Seychelles agree on pirates DENMARK has reached an agreement with Seychelles on the prosecution of suspected pirates, Fairplay was told today
More Panamax tonnage heading for KG placing GERMAN shipowners see growing funding opportunities for Panamax container ships in the KG market due to the positive outlook for timecharter rates
Oz stops some shipments of live cattle AUSTRALIA'S government has suspended shipments of live cattle to a number of Indonesian abattoirs, IHS Global Insight reported today
Mercator revenues rise STRENGTH in coal trading and logistics have helped India's Mercator Lines post a 52% year-on-year rise in consolidated revenues for the financial year ended 31 March, but profits fell
SOS sent to box 'big boys' SHANGHAI brokers told Fairplay today carriers are keeping their fingers crossed that the usual third-quarter peak will push up Asia/Europe box rates, which fell last week to $883 per teu
'Busy period' seen for China scrapyards CHINESE scrapyards are likely to be the winners as a monsoon and high tonnage stockpiles affect the rates offered by South Asian breakers, Fairplay has been told
DHT seeks Saga shares DHT HOLDINGS said it is seeking to acquire all shares in Oslo-listed Saga Tankers for $87M
TCL wins Spain box terminal concession PORTUGUESE terminal operator TCL has won a concession to build and operate a 29ha deepsea box terminal at the outer harbour of Ferrol in northwestern Spain
Yildirim to take 50% Malta Freeport stake TURKISH container operator Yildirim has reportedly agreed to buy 50% of Malta Freeport Terminals from CMA CGM
Cebu yard stake sold SMC SHIPPING & Lighterage said it has acquired a 72% controlling stake in Keppel Philippines Holdings
Golar LNG returns to profits GOLAR LNG swung to profits during the first quarter, but its bottom line was hit by weak results from subsidiary Golar LNG Energy
SINOPEC takes jetty stake CHINESE oil major SINOPEC said has acquired a 50% stake in Zhan Jiang Petrochemical Jetty
Russia sugar duty rise seen THE KREMLIN is likely to increase the protective duty on imported sugar in July to $85 per tonne from today's $50 per tonne, according to a new forecast
DPW shares to trade tomorrow in London TRADING in the ordinary shares of DPW is to begin tomorrow on the London Stock Exchange
STX Offshore turns losses into profits STX O&S has reported net profits of 23.3Bn won ($21.6M) for the first quarter this year, turning around its net losses of 42.5Bn won for the same period last year
Lessors Bought 1.6 Million TEUs in 2010 Container lessors spent an estimated $4 billion to acquire more than 1.6 million 20-foot equivalent units last year, according to...
DOT Eyes $1 Billion in Rail Regulatory Savings The Department of Transportation is working on changes in rail regulations that could save the industry more than $1 billion...
Warehousing to Benefit From Canal Project, Report Says The expanded Panama Canal and higher fuel costs will boost demand for U.S. warehouses and distribution centers, a new report...
NAFTA Surface Trade Posts Record Value The value of surface transportation trade between the U.S. and Canada and Mexico hit a record $80.8 billion in March,...
Obama Taps Former Edison CEO as Commerce Secretary President Obama said he will nominate John Bryson, former chairman and CEO of utility company Edison International, to head the...
Containerized Imports Rose 8.7 Percent in April Rising shipments from China fueled an 8.7 percent increase in U.S. containerized imports in April, PIERS data show. April's...
FMCSA to Delay Hours-of-Service Rule Release The Federal Motor Carrier Safety Administration will delay the release of its controversial new truck driver hours-of-service rules until October....
Truckload Giant Swift Raising Rates 4 Percent Truckload giant Swift Transportation expects to raise its contract rates 4 percent this year, the CEO of the $2.9 billion...
Rates More Volatile Since Conferences Repealed, Analyst Says Ocean container freight rates on the Asia-Europe shipping lanes have become more volatile since the European Union outlawed liner conferences...
Logistics Operator NFI Expands on West Coast New Jersey-based logistics company NFI Industries acquired the West Coast operations of The Gilbert Company from ocean shipping giant Maersk....
Forecasts Show Solid Volume Growth at Europe's Ports Ocean container volumes are projected to show solid growth at European ports in the coming six months after a weak...
Yildirim to Buy Half of CMA CGM Malta Hub Yildirim Holding, the Turkish trading and ports conglomerate that owns 20 percent of CMA CGM, agreed in principle to buy...
DSV buys Finland's Wasa Logistics DSV buys Finland's Wasa Logistics DSV buys Finland's Wasa LogisticsDanish transport and logistics company DSV said its DSV Air and Sea Finland unit has agreed to acquire WASA Logistics for an undisclosed sum. Wasa Logistics specializes in project ...
U.A.E. trade groups consider alliance Dubai Trade and the National Association of Freight and Logistics (NAFL) are considering plans for an alliance that would help increase growth within the freight forwarding and logistics industry in the United Arab Emirates. The trade groups recent...
Barge industry agrees to safety measures The barge industry is taking new and additional voluntary precautions for safe transit on the inland waterways during the unprecedented flooding on the Mississippi River and other inland waterways. American Waterways Operators (AWO), the national t...
CSAV enters West Africa from Asia CSAV has upgraded its New Discovery service by extending its coverage to include West Africa. The liner carrier said this extension would allow it to meet growing demand from Asia to the West African region. CSAV also said the service will offer ...
Jamaica to enforce new rules on ship waste Jamaica said it is ready to implement tougher international standards on the discharge of ship waste at sea. Under an amendment to a landmark maritime pollution convention, nations have designated the Caribbean Sea as an area of special attention ...
Diana Containerships plans stock offering Diana Containerships Inc. said Tuesday it plans to sell an additional 14 million shares of common shares and make a $20 million concurrent private placement of common shares to Diana Shipping Inc., a related company that invests in dry bulk ships. ...
APL volumes up, but rates weaker Neptune Orient Lines said its APL container shipping subsidiary handled 231,100 40-foot equivalent units in the four-week period ending May 6, 9 percent more than the 212,000 FEUs handled in the comparable year-earlier period. Average revenue per ...
Shippers want piece of slow steaming savings Shippers are adapting to slow steaming by ocean carriers, but want carriers to share savings through better pricing and improved customer service. An April survey of 290 logistics executives around the world found nearly 70 percent felt it was inc...
Plugging in APL begins cold-ironing ships in Oakland Singapore-based container shipping company APL became the first to shut down or "cold-iron" its ship's engines in the Port of Oakland. Last Friday the 900-footAPL Singaporeswitched off its auxiliary diesel ...
Turkish supplier expands operations in Black Sea region CYE Petrol to start deliveries in the Ust-Dunaysk roads in Ukraine.
Bunker prices firming in Asia Demand mixed across main Asian bunkering ports on Tuesday.
ExxonMobil sells high viscosity parcel at steady premiums Sells 700 cSt fuel oil cargo at a discount of $28.50-29.50 pmt to Bakri.
Ferry operator posts $23.3 million loss on back of bunker costs Price of bunker fuel 'play an important role' in group's results, says board at Attica Group.
MAN Diesel expands G-type engine programme Announces addition of more bore sizes for G70ME-C9, G60 ME-C9 and G50ME-B9 engines.
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