Maersk to stop services at three Iran ports MAERSK Line has come to an official position on Iran literally overnight, saying in a statement issued late on Wednesday night that it will stop serving three Iranian ports in accordance with sanctions placed by the United States and the European Union (EU) on the republic.
Turkish Cargo is going to serve 5 new cargo destinations next month Having one of the biggest international networks, Turkish Airlines added new aircrafts to its fleet and expanded its passenger flight network with new destinations in accordance wi...
William Grant & Sons signs three year contract with Schenker Limited Global premium spirits business William Grant & Sons has signed a three year deal with Schenker Limited - the UK arm of the global logistics company - to provide domestic and i...
Epic opens a new era in electronic communications Cargo Airport Services, one of North America's largest ground-handling companies, is celebrating notable success following the launch of its "Epic" Customer Service Porta...
ICAO and WCO join forces to strengthen air cargo security The International Civil Aviation Organization (ICAO) and the World Customs Organization (WCO) have signed a MoU for increased cooperation to protect air cargo from acts of terroris...
Klinkhammer offers intra logistics solutions for the furniture industry The Klinkhammer Group, expert for intra logistics for many industries, offers with its "just-in-sequence" concept together with the systems solutions Integer and VectaFlex intra lo...
Opposition against the increase of the motorway permit sticker in Switzerland The Swiss association for utility vehicles ASTAG vehemently and consequently rejects the amendment of the law for tolls on national roads. The submittal that would lead to an incre...
Armenian plans to develop road infrastructure The Armenian ministry of transport and communications and the International Road Transport Union (IRU) signed a Memorandum of Understanding on the development of motor freight betw...
The Austrian forwarder Roland introduces surcharge for diesel fuel The Austrian forwarding company Roland is going to increase its trucking rates by 3% as of 1 July. The transport company states that fuel costs have increased by 10.5% since last N...
Augustin Network extends intermodal transport services in Central and East Europe Augustin Network has established a new transport axis especially for industrial companies and manufacturers of consumer goods in Germany by connecting truck and railway across Euro...
Shippers in Switzerland criticise missing strategy for freight traffic In the submittal for comment from the Federal Council regarding the financing and expansion of the rail infrastructure (FABI), the shipper's association (VAP) is missing a clear st...
Cooperation contract signed for Eco Rail Innovation With signing the cooperation contract, the partners of the initiative Eco Rail Innovation (ERI) have now established the firm framework for their mutual work. Eco Rail Innovation i...
MOL to expand large-scale containership fleet Mitsui O.S.K. Lines, Ltd., a large multi-modal transport company, today announced a decision to order two containerships (8,600 teu) from Mitsubishi Heavy Industries, Ltd., with d...
Kerry Logistics breaks ground on Wuxi Logistics Centre Kerry Logistics, an Asian logistic provider, has started construction of its 26,000 sqm. Wuxi Logistics Centre which will have a capacity of 10,000 tonnes when it is completed in t...
Stena Line buoyant with new routes clearance The ferry company Stena Line has expressed its delight at today's announcement that its acquisition of the DFDS routes from Belfast to Liverpool (Birkenhead) and Belfast to Heysham...
Bréau stepped down as chairman of the supervisory board of the port of Rouen Alain Bréau, general manager and majority owner of the Mory Group has resigned from his position as chairman of the supervisory board of the port of Rouen for "personal reasons". O...
Port of Duisburg (Germany) is job engine for the region According to a survey, the port of Duisburg (Germany) plays an important role for the region. The effects on the job market and the economy on the logistics location of Duisburg we...
Charterers' costs prevent slow speeds on laden VLCCs As VLCC owners look to save bunker costs, McQuilling says cost of keeping crude on the water is even higher for the oil companies
Black Sea ports ready for lifting of Russia's grain export ban After 10 months out of the market, rush of trading expected to boost employment for dry bulk market
Caribbean product tanker rates slide US holiday fixing rush comes to an end leaving few cargoes available
IEA oil release could boost tankers in long term Norwegian broker Lorentzen & Stemoco says drop in prices could help economic growth and create floating storage opportunities
CSAV in alliance talks with MSC and CMA CGM Joint service agreements signed
China Rongsheng wins orders for 14 vessels Greeks involved in deals for 10 205,000 dwt ships and four 6,600 teu boxships
Delivery doubts plague Vale's VLOC newbuilds programme Concern over Rongsheng's ability to build vessels to schedule is tempered by rumours that 400,000 dwt valemaxes face difficulties gaining approval to discharge in China
Bidding war breaks out to control pipeline outfit Williams Companies and Energy Transfer Equity do battle over Southern Union
China Development Bank signs pact with Maersk Broker Newbuilding business seen as initial focus while other projects are not excluded
Traded gas to rise as oil market spare capacity set to dwindle Morgan Stanley energy services analyst Ole Slorer told an audience at its annual conference in New York that oil reserves will dwindle within 10 years
More rigs move out of US Gulf Vessels heading for Vietnam and West Africa
African gas fields see a busy time Focus is largely on projects in Egypt and Mozambique
Maersk contracts out crew management Norwegian shipmanager OSM wins landmark deal for six containerships
Legacy of the West Atlas Offshore wreck removals are on the rise and environmental concerns make them delicate and challenging operations
MEP slams Liverpool City Council turnaround plan for cruise terminal Shipping minister told move will undermine jobs and investment in north-east England
We are all on the horns of a Greek dilemma The choice comes down to letting Greece default and seeing what happens, or the rest of the eurozone assuming responsibility for a fair chunk of the $855.6bn the country owes
Brussels could force further cuts on HSH ship lending World's largest ship lender is considering reducing its shipping portfolio by another $4.3bn-$5.7bn
Shippers should stop beating up on lines After the past three years of instability it surely is not the easiest time to judge the effect of the European ban on conferences
HPH keeps an eye out for expansion opportunities Ports operator interested in US port opportunities that fit its investment profile of port operations with containers
Hutchison boss condemns rush for large boxships There has not been 'sufficient debate' between ports and owners on vessels above 18,000 teu, says HPH boss
Is prospect of high oil prices just speculation? As stocks of light crude run low, the IEA releases 60m barrels to reduce the pressure
Lloyds' book off the market Bank's shipping portfolio will be run down rather than sold off
Norway strengthens ruling on use of armed guards for country's flagships Shipowners welcome the clarification on how to protect vessels from piracy
To the victor Good luck, Koji Sekimizu. You may need it
EC reminds shipping industry of need to solve C02 emissions by end of year Everything rides on adoption by IMO of benchmark energy efficiency design index
Public sector strike is having 'no impact' on ports or coastguard Business as usual, says ABP
The clock is ticking on Imabari As pace of demise of Japan's shipbuilding industry quickens, yards need to make deepseated changes before 'just in time' precision becomes 'just too late'
Known Unknowns for 2011 The box industry's ordering amnesia, a powerful accounting sleeper and US invitation to defiance will be game changers in the second half of the year
Innovation: Linking fast clippers, fuel savings and Facebook It is the collective response to challenges that moves industry forwards
Doha deal offers hope of boosting maritime trade Implementation of trade facilitation could reduce total trade costs by almost 10%
US revamps blocked-ship listings WASHINGTON has decided that there are too many updates to its list of blocked Iranian ships to continue with its annual roster
Brazil wheat exports surge UNUSUALLY high wheat exports from Brazil have supported smaller bulker classes, broker ICAP said in a report today
S Korea cuts sentences in fatal collision A SOUTH Korean court reportedly today reduced the sentences of the Russian captain and first mate of a ship involved in a January fatal collision
Emerging markets rise in finance REGIONAL banks from China and other emerging markets are increasing their ship finance focus at a steady pace, a Hamburg conference heard today
Becalmed markets seen A KOREA Maritime Institute analyst has predicted little improvement this year for the drybulk, box and tanker sectors
Argentina signs Qatar LNG deal ARGENTINA has signed an agreement with Qatar for the supply of 5M tonnes of LNG per year from 2014, IHS World Markets Energy reported today
Greek passenger sector stymied PASSENGER ships will not be leaving Piraeus today, as crews strike against government plans to cut back their pensions
Nokta jumps ship OMAR Nokta, the highly respected shipping analyst at Dahlman Rose, has resigned, a company spokesman confirmed to Fairplay today
Teekay gives offshore wind a tilt TANKER giant Teekay has announced yet another diversification move, this time into the offshore wind farm arena
JNPT awards box terminal contract A JOINT venture between PSA International and ABG Ports has won the bid to operate the fourth box terminal at India's Jawaharlal Nehru Port, Fairplay has been told
Thai LNG imports boosted THAILAND'S main energy company PTT Public has raised LNG imports by 1M tonnes to compensate for lost supply, after a leak in one of its natural gas pipelines
German owners plan vessel buys HALF OF German shipping executives plan to buy vessels over the next year, while 55% expect freight rates to rise over the same period, according to a survey
Capesize market softens CAPESIZE rates are softening, with trans-Atlantic requirements dropping and Australian miners staying out of action, brokers told Fairplay today
VLCC rates drift lower SPOT FREIGHT rates for VLCC tankers have extended their recent losses, despite active trading, according to analysts and brokers
Maersk climbs down on Iran MAERSK has decided to halt its calls at three US-sanctioned Iranian ports
Free Trade Agreement Hearing Called Off A "mock markup" on implementing bills for three free trade agreements was called off Thursday afternoon for lack of a...
Merck, UPS Partner to Deliver Medicines Overseas Pharmaceutical giant Merck is giving UPS a bigger role in its international business, including key emerging markets such as China...
DOT Announces TIGER III The Department of Transportation on Thursday announced a slightly scaled-down version of its popular TIGER transportation infrastructure grant program for...
Florida East Coast's Hertwig on Intermodal Projects James R. Hertwig, president and CEO at Florida East Coast Railway, says bulk rail demand has been soft for the...
NYK Trans-Pacific Volume Slips in May NYK Line's eastbound trans-Pacific volume fell 8 percent year-over-year in May, the second straight monthly decline on the trade lane for...
Federal Truck Safety Plan Includes Shippers The Federal Motor Carrier Safety Administration is adopting a five-year strategic plan that looks beyond truck and bus companies to...
Author Discusses State of Logistics Report Rosalyn Wilson, author of CSCMP's annual State of Logistics Report, explains why logistics costs rose faster than GDP growth last...
EU to Enforce 24-Hour Shipping Security Rule The European Union will strictly enforce new customs regulations aimed at tightening security on goods moving through ports. Noncompliant shippers...
Tech Manufacturing Fuels Chongqing Cargo Expansion China's Chongqing airport plans to double cargo volume in the coming years as the Western China city advances efforts to...
Maersk Names Dorsey to Government Cargo Position Maersk Line North America named Gordon Dorsey vice president of global contract execution for U.S. military and government cargo services,...
Maersk Halts Service to Three Iranian Ports Maersk Line suspended operations Thursday at three Iranian ports to comply with U.S. sanctions. Maersk said it will "cease...
Mexico May Hike Tariffs If Trucking Plan Fails Mexico may increase the $2.4 billion in punitive tariffs it places on select U.S. goods if the Obama administration fails...
SSE Presses Beijing to Lift Futures Restrictions The Shanghai Shipping Exchange, which started trading container freight derivatives on June 28, is asking the Chinese government to relax...
Global Air Cargo Traffic Drops 4 Percent Global air cargo traffic fell 4 percent in May from a year ago but was up 1.2 percent on April,...
Railroads Expand Service Into Non-Traditional Markets Railroads are expanding their share of the North American freight market in non-traditional areas, with Canadian railroads becoming increasingly competitive...
APL Starts Double-Stack Service in India APL IndiaLinx, which has been running container rail service in the country since 2007, double-stacked 90 40-foot boxes on a...
Japan's Slumping Exports Show Signs of Recovery Japan's slumping exports to the rest of the world have begun to show clear signs of recovery for the first...
Mexican Trucks Already in US ' Legally Looking to calm concerns over moves to allow Mexican trucking companies to operate in the United States, U.S. officials say...
USDA considers changes to Lacey Act The U.S. Department of Agriculture's Animal and Plant Health Inspection Service is seeking public comments on several proposed changes to the way it administers certain import controls for protected plants and plant products. The 2008 Food, Conser...
APL Logistics runs double-stack in India APL Logistics said it has run its first double-stack container train service in India. APL IndiaLinx, its rail operations arm in the country, stacked 90 40-foot boxes two-high on a train that departed Mundra Port on the India's West Coast June 16...
ECS expands in India ECS Group, a general sales agent for air cargo, will increase its offices to major cities in India by the end of the year. So far this year, the company has opened operations in Vietnam and Hong Kong as well as Shanghai, Beijing and Guangzhou in ma...
Southwest installs Descartes' service Southwest Airlines Cargo has implemented Descartes Systems Group's cloud-based Air Messaging Service across its cargo customer base. Descartes shipment status messaging allows Southwest to deliver "real-time" alerts to its freight forwarders and di...
May air freight traffic declines 4% Air cargo volumes dropped 4 percent in May versus a year ago because last year experienced a major post-recession bump from shippers seeking to quickly restock depleted inventories, the International Air Transport Association said. The industry gr...
WWL appoints CCO, Americas president Wallenius Wilhelmsen Logistics has named Christopher Connor as chief commercial officer. Connor was president of the Americas region for WWL, and before that was chief operating officer for ocean services and executive vice president of commercial....
Maersk boosts capacity on Americas service Maersk Line is increasing capacity on a feeder service linking the west coasts of the Americas, according to research from American Shipper affiliate ComPair Data. The line is rotating in vessels nearly 50 percent larger on its WCCA service. By th...
Maersk stops service to Iranian ports Maersk Line said today it has "has decided to cease acceptance of business to and from the Iranian ports of Bandar Abbas, Bandar Khomeini and Asaluyeh." In a brief statement posted on Maersk Line's Web site, Morten Engelstoft, chief operating off...
July Editorial
To comply with U.S., EU trade regs Maersk stops service to Iranian ports Maersk Line said today it has "has decided to cease acceptance of business to and from the Iranian ports of Bandar Abbas, Bandar Khomeini and Asaluyeh." In a brief statement posted on Maersk Line's Web site, M...
Two new members join SEAat Helping to play an increasingly active role in supporting the industry in shaping tolerable and workable emission reduction solutions.
Fujairah prices gain double-digits Deliveries in Durban available for supply between July 2-10.
Tar balls come ashore in Mumbai Indian officials rule-out link with bunker fuel from grounded vessel.
Rotterdam market firms: Strikes disrupt Piraeus Congestion in Gibraltar.
Industry should 'forget' attempts to oppose sulphur regulations 'We are too far down the road for a u-turn,' says bunker player.
Sluggish bunker sales keep inventories steady Demand from Singapore's bunker market weakens as as buyers hold-off.
New appointment at Bominflot Rune Larsen has been appointed Director of Sales and Supply.
Prices rising in Asian ports Demand generally 'sluggish' on Thursday.
Chinese firm buys Iranian fuel oil for July Cargoes were mixture of 280 cSt grade and 380 cSt material.
Ships face 'operational and legal challenges' on shift to cleaner fuels 'Burden and risk of modifying ships rests squarely with ship owners.'
DSME launches new high pressure fueled gas system HP-FGS system compresses LNG and vaporises it into gas form.
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