Baltic index falls to lowest level in three months A prolonged coal strike by workers in South Africa, one of the world's top five coal exporters and a key supplier to Atlantic and Pacific markets, could have a negative impact on the dry freight market, adding to the growing surplus of vessels and hitting trade volumes, brokers said.
Shipping lines may face losses in peak season Plunging rates for chartering container vessels that carry sneakers, furniture, and flatscreen TVs may signal a US consumer slowdown and losses for shipping lines in what is traditionally their busiest time of the year.
EU told to back off on emissions standards for ships The European Union (EU) should avoid pursuing its own market measures targeting shipping and allow the United Nations' maritime agency to tackle combating greenhouse gas emissions, the ship industry has told the EU.
CN invests in extended sidings in northern Ontario The Canadian National Railway Company (CN) has announced plans to construct two more extended sidings in its northern Ontario mainline this year, bringing its investments in seven ...
USD 24 million grant for Keystone corridor in USA In North America, work can begin on closing the last three highway-rail grade crossings on the Keystone corridor with the signing of deal between the US department of transpor...
New cabotage rule in Norway The Norwegian authorities have published a new guide to driving cabotage. A cabotage transport thus starts when the goods are loaded and ends when the goods are unloaded. The start...
Robert Frei new partner at Stanton Chase Zurich Robert P. Frei has become a partner at Stanton Chase Zurich. He was with the Panalpina Group for 35 years and left at the end of June 2011 to help develop Stanton Chase Zurich's lo...
Asiana B747F crashes An Asiana Cargo Boeing B747-400F was destroyed when it crashed into the sea off Jeju (South Korea), killing both pilots. According to the Korean transport ministry, the cargo fligh...
TNT Express takes delivery of first B777F TNT Express has taken delivery of its first Boeing B777 freighter. This latest aircraft in the TNT family arrived at TNT's European hub in Liege (Belgium) at the weekend, after com...
New CMA CGM rail shuttle between Zeebrugge and Duisburg The CMA CGM Group has reinforced its intermodal services with the introduction of a railway link connecting the port of Zeebrugge with Duisburg's trimodal hub. This fifth shuttle, ...
Harwich welcomes "MPI Adventure" 29. Juli 2011 Harwich International Port was delighted to welcome the "MPI Adventure" on its maiden operational call to the port. In conjunction with the jack-up vessel "Seaworker...
DSV achieves good result in H1/2011 The transport and logistics provider DSV, which is headquartered in Brøndby (Denmark), increased its turnover for the first six months of the current business year from DKK 20.41 b...
Norbert Dentressangle records strong growth in turnover The French transport and logistics group Norbert Dentressangle closed the first half of 2011 with a strong increase of 21.9% in turnover, from EUR 1.4 billion to EUR 1.706 billion....
C.H. Robinson profits increase in Q2 Third party logistics service provider C.H. Robinson Worldwide, based in Eden Prairie MN (USA), has reported a second quarter net profit of USD 111 million, 14% more than the USD 9...
Karnataka scandal adds to east coast India iron ore export problems Resignation of chief minister and naming of mines and steel mills in graft probe leaves market uncertain
Asia-US box rates under pressure Freight rates for containerised cargo moving from Asia to the US remain under pressure although conditi0ns on other routes are showing some signs of improvement, with the South American and South Africa trades in particularly good shape
Production volumes up at Vale but no mention of VLOC orders Second-quarter results report makes no reference to epic transportation investment
Scanscot vessels up for auction in Singapore Seized general cargo ships of insolvent owner are sold off by banks
Capesize rates set for a fall as Atlantic cargo dries up Capesize rates did well to just stagnate this week with few fixtures and signs that the European holiday season may be reducing activity in the Atlantic
A ship is no place for armed security 'cowboys' SAMI is helping shipowners navigate the uncharted waters of screening out questionable security providers
Horizon Lines slips from profit to loss Transpacific start-up costs hit carrier's second-quarter figures
VLCC rates on benchmark Middle East route close to 'bunkers only' Owners subsidise oil companies as Baltic Exchange route to Asia closes at $226 a day
CSCL warns shareholders to expect a first half loss Statement blames liner overcapacity and economic uncertainty
CSAV and CMA CGM in vessel sharing deal for Asia to West Africa service New Discovery service to deploy 10 vessels
European-sized freight train makes a historic connection DB Schenker Rail links High Speed 1 route to the higher-capacity trains used across the Continent
Women steer course through uncharted waters Durban trio make history as marine pilots
The difference between life and death We must constantly make every effort to veneer the 'safety culture' upon the seafaring psyche, which seems to be unaffected by the number of workplace accidents
Rubber-tyre gantry cranes delivered to APM Terminals Apapa Deepest draft container terminal in Nigeria also clears up scanning area congestion
Is Seafrance bid the end of the Channel rates war? Operators DFDS and Louis Dreyfus hope that swapping receivership for joint venture could finally bring an end to scrappy competition and excess capacity
Exclusive: Sovcomflot chief turns bear on tanker industry Investment to switch from crude and products carriers to offshore oil and LNG
Nuclear bombs out The industry should welcome the demise of the US project to have every container passing over its docks and land borders scanned for radioactivity
The summer of our discontent Japanese lines revise net income figures downwards, but are still hoping for the best
Quarterly losses hit Japanese lines as they downgrade their 2011 estimates Impact of larger boxships on the Asia to Europe trades takes its toll on rates, line says
Luka Bar posts first quarter loss Adriatic port operator down $180,500
Luka Koper crane drivers strike Negotiations with unions break down
Earlier arrival of newbuildings a 'clear advantage' for Nordic American Timely arrival of suezmaxes from SHI
Capital sees brighter product tanker future despite revenue dip 'Bargain' capesize bulker swoop accounts for higher second quarter profit
Antarctic heavy fuel oil ban from August Only emergency vessels allowed to use or carry heavy fuel oils in protected waters
Excel strikes covenant relaxation bargain with banks until end-2012 Dry bulk owner reports loss for 'more adverse' quarter
Economou confirms $848m LNG debut Deal for four initial carriers of 159,800 cu m finally goes to Daewoo
Polemis urges European climate chief to work with shipping on CO2 cuts ICS chairman says EU should refrain from regional action on emissions and co-operate with IMO on framing a global response
Toll Group refinances Singapore debt to cut borrowing costs Single $830m syndicated facility is put in place as takeover of maritime forwarder Andree & Wilkerling is completed
US drops radiation scanning portals Department of Homeland Security to use hand-held devices instead of $822,000 detectors at 1,400 ports and border points
Vale production volumes up but no mention of orders for giant VLOCs Second-quarter results report makes no reference to epic transportation investment
CPP profits rise on vessel buy EVANGELOS Marinakis-controlled Capital Product Partners announced today that net profits tripled in the second quarter after it made a significant gain from a vessel purchase
Gulf prepares for storm OIL AND gas companies in the Gulf of Mexico stepped up offshore evacuations today as Tropical Storm Don gained strength
Forwarders go on shipping spree in Europe TWO MAJOR freight forwarding and logistics groups from Asia Pacific this week have expanded their footprint in Europe
Cautious Horizon's losses widen in 2Q11 HORIZON Lines said today it is making progress on debt refinancing but warned that there is "no assurance" its talks will succeed
Pipavav returns to profits HIGHER box and bulk volumes helped APM Terminals-controlled Gujarat Pipavav Port return to profits in the quarter ended 30 June
KG sector hit by insolvency GERMANY'S KG sector is showing more signs of weakness with the owner of a small multipurpose vessel filing for insolvency this week
Finnlines hopeful despite fall FINNLINES expects improved full-year results despite a 2Q11 plagued by external factors
Supramax rates gain SUPRAMAX rates have gained slightly in Asia this week as Indian iron ore exports increased and charterers sought tonnage to ballast from southern China to collect Indonesian coal
Singapore Shipping profits rise SINGAPORE Shipping has posted a 122% rise in net profits, to $1.24M, for the first quarter of its financial year
Mercator sees Supramax boost MERCATOR Lines (Singapore) told Fairplay today it expects Supramax earnings to rise, with the dearth of Indian iron ore exports causing China to import more ore from other countries
Panamax weakness seen BROKERS told Fairplay today that the Panamax market is likely to remain weak until the end of summer a oversupply continues to hurt owners
Vale profits on higher output BRAZILIAN mining giant Vale reported today that second-quarter net profits rose by 74% year on year to $6.45Bn
Lisin replaces Sechin OLIGARCH Vladimir Lisin is replacing Russian Deputy Prime Minister Igor Sechin as board chairman of the government-run USC shipbuilding group
NYK posts losses JAPAN's NYK Line has posted net losses of ¥7.15Bn ($92M) for the three months ended 30 June, reversing net profits of ¥23Bn a year earlier
Losses but hope for d'Amico PRODUCT tanker companies are expected to defy near-term weakness as this year continues, according to d'Amico International
Shippers Avoid Indian Port as Congestion Increases Many shippers are avoiding moving cargo through the Port of Jawaharlal Nehru (Nhava Sheva), as some face delays of up...
Agriculture Groups Urge Free Trade Appoval More than 120 agriculture producer groups sent a letter Friday to President Barack Obama and the U.S. Congress urging adoption...
ILA President Daggett Vows to Fight Automation, Work with ILWU (Video) Harold Daggett, new president of the International Longshoremen's Association, comments on automation, container weights, organizing and cooperation with the ILWU....
Group Fears Fuel Rules Will Drain Road Funds An accord between President Obama and carmakers to sharply boost automobile fuel efficiency will drain tens of billions of dollars...
CMA CGM, CSAV Launch Asia-West Africa Service CMA CGM and Chilean carrier CSAV will jointly operate a direct container service between Asia and West Africa, starting early...
Bill Authorizing Marad Calls for Short-Sea Research A new proposed U.S. Senate bill may help fill the gap in data needed to help marine highway advocates estimate...
Intermodal Volume Falls From June to July Major railroads are seeing intermodal volume in July trail June peak levels by thousands of container and trailer hauls each...
Horizon Lines Lost $7 Million in Second Quarter Horizon Lines lost $7 million in the second quarter compared to a $4.1 million profit in the same period a...
Echo Global Revenue Surges to $151.5 Million A 56 percent increase in individual truck brokerage sales shot second quarter revenue at Echo Global Logistics 38 percent higher...
USDA Waives Specialty Grains Inspections, Fees The U.S. Department of Agriculture is permanently waiving mandatory inspection and weighing of high-quality specialty grain exports, saving shippers $1.46...
Amsterdam Schiphol Cargo Grows 5.2 Percent Amsterdam Schiphol Airport boosted freight volume 5.2 percent year-over-year in the first half of 2011, driven mainly by freighter traffic....
CRST Buys Specialized Transportation Truckload carrier CRST International expanded its capacity, revenue base and diversified its business by acquiring Specialized Transportation for an undisclosed...
South Korean Port Container Traffic Up 10.3 Percent Container volumes through South Korean ports rose 10.5 percent to a record 10.5 million 20-foot equivalent container units in the...
GATX Hikes Outlook on Rail Lease Strength Railcar leasing giant GATX raised its outlook for this year on continued signs of strength in the rail freight market...
"K" Line Predicts Full-Year Operating Loss Japan's Kawasaki Kisen Kaisha ("K" Line) expects to suffer a group operating loss of $64.10 million fiscal 2011, which began...
Freight Rate, Surcharge Update for Week of July 25-29 Maersk Line announced a general rate increase on westbound cargo moving from India and Sri Lanka to West Africa,...
Future Shock I met with a container line executive earlier this month and found him to be in a grumpy mood. Troubled...
Mississippi River Turbines Generating Interest With the installation of a single turbine at a dock on the lower Mississippi River, a renewable energy company is...
Pushing People Power Resins are the unchallenged king of the Houston container market, but there are millions of reasons that could change in...
Mortgaged Future It's taken on faith in the shipping world that the volume of trade moving through ports, railyards and truck terminals...
MOL Suffers $103 Million Loss Japan's Mitsui O.S.K. Lines (MOL) suffered a net loss of $103.17 million on a consolidated basis in the first quarter...
NYK Line Posts $91.6 Million Loss Japan's Nippon Yusen Kabushiki Kaisha (NYK Line) lost $91.68 million on a consolidated basis in the first quarter of fiscal...
International Airlines Group Boosts Revenue International Airlines Group, the carrier formed by the merger of British Airways and Spain's Iberia, increased first half cargo revenues...
Transport Corp. of India Profit Increases Transport Corporation of India, the country's largest integrated supply chain and logistics service provider, said Friday its net profit in..
Chemoil clears the air Singapore-listed bunker player sheds light on 'inadequate explanation' of reduced profit.
DRYS: 'not our order' Nasdaq-listed owner rejects reports of involvement in chief exeutive George Economou's $850m LNG debut.
Hansson still hungry Nordic American Tankers CEO talks up devotion to dividends and expansion as suezmaxes hit the water ahead of schedule.
IRISL: New legal challenge Annulment sought for EU's most recent act to banish the Islamic Republic of Iran Shipping Lines and related firms from legitimate shipping business.
Bulker buy boosts CPP Cape play pushes Evangelos Marinakis-led Capital Product Partners to profit as product tanker spot rates soar.
Azuma builds up profit Japanese cement carrier owner looks for larger full-year haul after strong three month showing.
Horizon nears breach Third-quarter covenant breach in the cards for US-listed liner group following tumultuous second quarter.
Panama plots regas unit Floating storage and regasification vessel to be stationed near canal entrance.
China grabs lion's share VLCC Middle East earnings caught between a rock and a hard place says broker.
All Leisure sheds pleasure Cruise company All Leisure stays in the red plagued by social unrest in key market.
Counting the cost of deals Brokers on the run, a free ransom and how to get your hands on a small piece of marine art for 44'.
Mitsui slower to start Japanese shipyard sees first quarter profit fall away as new orders dwindle.
Kawasaki kicks on in first Japanese shipbuilder sees profit pile up in the three months to the end of June.
Bangladesh 'breakthrough' Supreme Court calls for report on ship scrapping shake-up as cash buyers await High Court import extension confirmation.
George in LNG splash Greek magnate makes his second headline grabbing deal of the week with LNG newbuilding order in Korea.
Strong growth reported Old Dominion 2nd quarter profits spikeOld Dominion Freight Line on Thursday said its second quarter net income grew 83.1 percent to $39.4 million, on revenue growth of 30.4 percent to $480.3 million. Hub increases 2nd quarter income 49%The Hub Grou...
Washington Notebook
Japan Big 3 suffer in April-June period Japan's big three container lines sustained collective operating losses of nearly $265 million in their fiscal first quarter ending June 30. "K" Line's containership business suffered a $96.9 million loss in its fiscal first quarter, compared to a...
Horizon reports 2nd quarter loss Horizon Lines reported a $7 million loss from continuing operations in the second quarter compared to a $4.1 million profit in the same 2010 period. Revenue in the quarter ending June 26 was $307.5 million compared to $291.4 million in the year-ear...
International Shipholding profit slips International Shipholding Corp. reported second quarter net profit of $2.8 million, compared to $9.6 million in the same 2010 period. Revenue for the quarter ending June 30 was $70 million compared to $85 million in the same 2010 period. Mobile-bas...
Old Dominion 2nd quarter profits spike Old Dominion Freight Line on Thursday said its second quarter net income grew 83.1 percent to $39.4 million, on revenue growth of 30.4 percent to $480.3 million. For the first six months of 2011, revenue was $902.9 million, a 31.6 percent increase,...
Hub increases 2nd quarter income 49% The Hub Group Inc. saw second quarter income increase 49 percent to $14.4 million on the strength of 12 percent growth in intermodal volume. Revenue increased 22 percent to $560 million, with intermodal revenue increasing 24 percent to $396 million...
Pacer earnings up sharply Pacer International, said it had second quarter net profit of $4.2 million compared to $1.4 million in the same 2010 period. Revenue during the second quarter was $386.3 million compared to $401 million in the same 2010 period. "Given our year-to-d...
GAO: U.S. military's supply chain 'high risk' A congressional watchdog agency called the U.S. military's supply chain management "high risk" due to its inefficient requirements forecasting and measures for asset visibility and materiel distribution. The Defense Department has one of the most ...
Aljex names Hirschman president Tom Heine, chief executive officer of Aljex Software, said Joe Hirschman has been named president of the Middlesex, N.J-based provider of hosted software solutions for freight brokers, carriers and other transportation companies. Hirschman was vice...
Week ends with mixed prices Crude futures settle lower on slower than expected economic growth.
Antarctic heavy fuel oil ban begins August 1 All vessels trading in the Antarctic including passenger and cargo vessels must switch to other types of fuel.
Ventrin closed for business on Monday The closure is due to a national holiday - Emancipation Day
Rotterdam softer amid wide price range European markets mostly softer Friday after week of seesawing prices.
Fuel costs help drive Japanese shipping companies into loss Mitsui OSK Lines, NYK Line and K-Line post April-June losses, compared with net profits in the same period last year.
Fujairah dips after week of gains Overall prices up from a week ago even as crude prices fell.
EU urged to drop plans for its own CO2 reduction measures IMO 'eminently capable' of delivering a global CO2 solution for shipping, says International Chamber of Shipping.
EC declines to attack Gibraltar's bunker record Commission repeats that it has 'no evidence' of any breach of EU regulations.
Hedge fund ups its share holdings in Aegean Rima Management LLC now has a 5.47% stake.
External: Wired Bunkering
Bunker prices falling as week ends Demand mixed in key Asian bunker ports on Friday.
TEN plunges into the red on 'difficult freight market' A result of tanker oversupply and high bunker costs for spot vessels.
Typhoon halts Hong Kong bunker deliveries Severe tropical storm signal number three hoisted at the port on Thursday night.
Singapore fuel oil inventories hit four-week high In line with heavier Western inflows during the second half of July.
Higher bunker prices lift Kirby's Q2 revenues 42% increase in bunker prices 'positively' impacted the revenues of its marine transportation unit.
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