Bunker trade to rebound after worst slump in 2 years The profit traders can get from selling shipping fuel in Singapore, the world's second- busiest container port, may rise 24 per cent in 2011 after the worst slump in at least two years, a Bloomberg News survey showed.
Supertanker earnings remain steady despite Egypt protests Crude oil tanker earnings on the key Middle East route were steady on Monday with market players keeping an eye on potential disruptions to the Suez Canal due to political unrest in Egypt.
Baltic Dry Index falls to lowest level in 2 years The Baltic Dry Index, a measure of commodity-shipping costs, fell to the lowest in two years as new vessels joined the fleet.
Strait Talk
Marine insurers' challenges LAST week, committee members of the International Union of Marine Insurance (IUMI) gathered in London for their winter meeting. As an indication of just how much piracy is dominating the agenda, a press release, and the press conference held after the meeting, led off with a plea for action against piracy.
Motoring
Mitsui hitching a ride with Car Club on road to expansion JAPANESE conglomerate Mitsui is planning to use Singapore car-sharing company Car Club as a cornerstone for its expansion into the region.
History of car sharing in Singapore THERE are three companies currently offering car-sharing services in Singapore - Car Club, KahShare, and WhizzCar. Together, they have a total fleet size of more than 260 cars and a combined database of some 5,000 members.
GM mulling new plants in China in coming years General Motors (GM), the top US carmaker, is considering adding new plants in China in 2011 and after, a top executive said yesterday, as it moves to meet steady demand in the world's top car market.
Toyota still Japan's leading global brand even as value drops on recalls
Hyundai posts double-digit growth in Jan sales
Toyota, Nissan lead Japanese carmakers' drop in sales
Bunker trade to rebound after worst slump in 2 years The profit traders can get from selling shipping fuel in Singapore, the world's second- busiest container port, may rise 24 per cent in 2011 after the worst slump in at least two years, a Bloomberg News survey showed.
Supertanker earnings remain steady despite Egypt protests Crude oil tanker earnings on the key Middle East route were steady on Monday with market players keeping an eye on potential disruptions to the Suez Canal due to political unrest in Egypt.
Baltic Dry Index falls to lowest level in 2 years The Baltic Dry Index, a measure of commodity-shipping costs, fell to the lowest in two years as new vessels joined the fleet.
Strait Talk
Marine insurers' challenges LAST week, committee members of the International Union of Marine Insurance (IUMI) gathered in London for their winter meeting. As an indication of just how much piracy is dominating the agenda, a press release, and the press conference held after the meeting, led off with a plea for action against piracy.
Motoring
Mitsui hitching a ride with Car Club on road to expansion JAPANESE conglomerate Mitsui is planning to use Singapore car-sharing company Car Club as a cornerstone for its expansion into the region.
History of car sharing in Singapore THERE are three companies currently offering car-sharing services in Singapore - Car Club, KahShare, and WhizzCar. Together, they have a total fleet size of more than 260 cars and a combined database of some 5,000 members.
GM mulling new plants in China in coming years General Motors (GM), the top US carmaker, is considering adding new plants in China in 2011 and after, a top executive said yesterday, as it moves to meet steady demand in the world's top car market.
Toyota still Japan's leading global brand even as value drops on recalls
Hyundai posts double-digit growth in Jan sales
Toyota, Nissan lead Japanese carmakers' drop in sales
Bunker trade to rebound after worst slump in 2 years The profit traders can get from selling shipping fuel in Singapore, the world's second- busiest container port, may rise 24 per cent in 2011 after the worst slump in at least two years, a Bloomberg News survey showed.
Supertanker earnings remain steady despite Egypt protests Crude oil tanker earnings on the key Middle East route were steady on Monday with market players keeping an eye on potential disruptions to the Suez Canal due to political unrest in Egypt.
Baltic Dry Index falls to lowest level in 2 years The Baltic Dry Index, a measure of commodity-shipping costs, fell to the lowest in two years as new vessels joined the fleet.
Strait Talk
Marine insurers' challenges LAST week, committee members of the International Union of Marine Insurance (IUMI) gathered in London for their winter meeting. As an indication of just how much piracy is dominating the agenda, a press release, and the press conference held after the meeting, led off with a plea for action against piracy.
Motoring
Mitsui hitching a ride with Car Club on road to expansion JAPANESE conglomerate Mitsui is planning to use Singapore car-sharing company Car Club as a cornerstone for its expansion into the region.
History of car sharing in Singapore THERE are three companies currently offering car-sharing services in Singapore - Car Club, KahShare, and WhizzCar. Together, they have a total fleet size of more than 260 cars and a combined database of some 5,000 members.
GM mulling new plants in China in coming years General Motors (GM), the top US carmaker, is considering adding new plants in China in 2011 and after, a top executive said yesterday, as it moves to meet steady demand in the world's top car market.
Toyota still Japan's leading global brand even as value drops on recalls
Hyundai posts double-digit growth in Jan sales
Toyota, Nissan lead Japanese carmakers' drop in sales
Damco and GHC teaming up in Abu Dhabi Damco, an AP Moller-Maersk logistics unit, has formed a joint venture with the General Holding Corporation (GHC) to provide logistics and forwarding services in Abu Dhabi. The goal...
Gist wins perishables contract from Spring Valley Foods Gist, a UK logistics service provider, manages fruit producer Spring Valley's inbound supply chain between South Africa and the UK. Gist looks after the international transportatio...
GAC Group riding the waves with yacht logistics specialist The UAE-based GAC Group is set to make waves in 2011 with the creation of Team GAC Pindar, a world-class sailing team that will both compete in international events and also provid...
Dubai Trade and Emirates SkyCargo sign e-freight MoU Dubai Trade, a premier trade facilitator in the Dubai World group, has signed a memorandum of understanding with Emirates SkyCargo to create a partnership that will allow Dubai Tra...
Ethiopian adds stops in Africa The East African carrier Ethiopian Airlines is changing its service from Addis Ababa through Bujumbura today. The capital of Burundi is no longer served nonstop, but is now reached...
Maldivian carrier starts international operations Mega Global Air, an airline established in the Maldives in December 2010, launched operations on 21 January. The airline deploys a Boeing B767-300ER with belly capacity for 30 ULDs...
Schunck Group mourning Harald de la Motte The Schunck group is mourning Harald de la Motte, its lawyer for many years. The company said that he was a brilliant transport law expert who contributed substantially to the deve...
New Finnair corporate responsibility web pages Finnair has launched new corporate responsibility web pages that show in a creative way how an airline can behave responsibly and what actions and decisions passengers can take to ...
Shanghai overhauls arch-rival Singapore The Chinese port of Shanghai secured the top slot in the list of the world's largest container ports for the first time in 2010. The hub loaded or discharged 29.05 million teu, 0.5...
German shipowners call for soldiers on board to counter piracy The latest pirate attack on a German vessel, which left at least one person dead and two seamen missing, has led the German shipowners' association (Verband Deutscher Reeder VDR) t...
Austrian inland ports did well in 2010 Austria's inland ports on the River Danube had a good year in 2010. The port of Vienna handled 11.5 million t (+5%), with its container business growing by 17% to 320,000 teu. Thro...
Aframaxes struggle to find enough work The aframax outlook remains less than inspirational, with brokers today describing most routes as flat at best and some faring even worse
Panamax rates decline arrested in Pacific trading region Time charter rates in the panamax Pacific market have risen for the first time in three weeks as increasing prices for short-period contracts boost the confidence of owners operating in the spot sector
Tanker paper values correct as fears over Suez Canal subside 'Reality check' after March and February contracts spike 16%
Return of floating storage could support rates Lazard Capital Markets has heralded a possible return of floating storage for the product and crude tanker sector within the next six months, which could provide support to weak and depressed freight rates
VLGC pair out of lay-up as spot rates show signs of recovery BW Gas has removed two of its very large gas carriers from cold lay-up for trading on the spot market, offering the strongest indication yet of growing confidence in the market
Croatia's Jadroplov increases losses CROATIAN bulk shipping company Jadroplov has posted losses of 48M kuna ($9M) for 2010, almost double the losses of 26M kuna recorded a year earlier.
'Ghost ship' heading to breaker A MOTHBALLED breakbulk ship will be towed tomorrow from Suisun Bay to Mare Island in California for recycling, which means that MarAd's 'ghost fleet' goal will be 85% complete.
Shipping adjusts in Egypt SHIPPING companies are being affected by the unrest in Egypt, although officials have moved to reassure the industry that the Suez Canal is operating normally.
What strife cost Marseilles MARSEILLES lost 210 ship calls, representing 1.4M tonnes of cargo and €4.5M ($6.19M) in revenues because of continued labour strife sparked last year over the government's port changes.
South Korea-Poland box route launched VOSTOCHNY Stevedoring is hoping to boost box traffic from Asia to Europe via Russia after processing the first transit box shipment between Pusan, South Korea and Slavkov, Poland.
Indonesia halts coal in licence dispute INDONESIA has blocked shipments of at least 3.5M tonnes of coal since 15 January, the Indonesian Coal Mining Association reportedly said today.
Tanger Med doubles throughput MOROCCO'S port of Tanger Med is predicting continued high traffic growth in 2011 after doubling throughput year on year in 2010, to 23M tonnes.
VLCC rates react as Egypt fear fades VLCC SPOT rates remain weak and second-hand prices are falling as fears lifted that unrest in Egypt might shut down the Suez Canal, according to sector analysts.
Vancouver plans huge box handling expansion PORT METRO Vancouver has unveiled a plan to double box traffic over the next 10-15 years ' and triple it by 2030.Vancouver plans huge box handling expansion
KL cancellations reportedly sought A KOREA Line source told Fairplay today that some of its counterparties want to cancel their charters.
Weber warns of 200 more Capesize bulkers CAPESIZE drybulkers entering service this year could exceed 200, deepening concern that growth in demand might be insufficient to balance the market, a shipbroker's report has warned.
Port Botany fines planned STEVEDORES and truckers at Sydney's Port Botany will incur fines from the end of the month if their box receival and delivery performance isn't up to scratch.
Toll rises in Middle East AUSTRALIA'S Toll has strengthened the group's position in the Middle East with the purchase of a Dubai freight forwarder.
Cecon revises financing CECON, the listed Norwegian subsea installation contractor, has revised and amended terms of refinancing with holders of bonds and shares in the company.
Investors discuss JadeWeserPort Phase 2 GERMANY'S Lower Saxony has begun discussing the second phase of the 2.7M teu JadeWeserPort in Wilhelmshaven with potential investors.
Freight Braces for Winter Storm Disruptions Major freight carriers are warning customers to expect service delays and shipment rerouting this week across a broad swath of...
EPA to Review California Emissions Standards The Environmental Protection Agency will review whether a waiver applies to rules set by the California Air Resources Board on...
3PL Jacobson Expands into Europe with Rhenus Jacobson Companies, a global 3PL headquartered in Des Moines, Iowa, is expanding into Europe with the help of a strategic...
Asia Air Freight Hits Record in 2010 Cargo traffic for Asia-Pacific airlines grew 24.2 percent in 2010 in a strong rebound that pushed freight business to a...
Stimulus Bonds Generated $181 Billion The federally subsidized Build America Bonds that states, cities and agencies could issue under the 2009 economic stimulus package, generated...
Ryder Expands Dedicated Contract Carriage Business Ryder System completed the acquisition of California-based trucking operator The Scully Companies on Monday, expanding its dedicated contract carriage business. ...
NAFTA Trade Rose 15.5 Percent in November The value of U.S. trade using surface transportation to and from Canada and Mexico was 15.5 percent higher in November...
FedEx Freight Launches Priority, Economy Service A streamlined FedEx Freight launched enhanced services Monday after cutting and reorganizing its terminals, taking some cues from its express...
Manufacturing Hits Seven-Year High Manufacturing activity in January reached its highest level since May 2004 and posted its 18th consecutive year-to-year increase, the Institute...
Georgia Ports Names Lynch COO The Georgia Ports Authority named Griffith Lynch its chief operating officer. Lynch, a Global Container Terminals executive with more...
Ship Deliveries Fell Short of Orders in 2010 More than 350 container ships were scheduled to enter the world fleet last year, but shipyards delivered only 290, London-based...
UPS Upgrades Outlook as Profit Soars 62 Percent A big gain in domestic package business along with tight cost controls drove UPS to its strongest profit in four...
NYK Consolidation Boosts Yusen Profit 125 Percent Yusen Logistics boosted net profit 125 percent year-over-year to $34.9 million in the first nine months of fiscal 2010 with...
Marseille Traffic Grew 3 Percent in 2010 The port of Marseille boosted traffic just 3 percent in 2010, lagging double digit growth rates at rival European ports...
Suez Remains Open, Container Operations Halt Amid Unrest The Suez Canal remained open to vessel traffic on Tuesday, but A.P. Moller-Maersk closed its Suez container terminal for a...
Cosco, Greece Sign Sea-Air Agreement Cosco and its Piraeus Container Terminal management will work with the Athens International Airport to build sea-air business by speeding...
Logistics facilities developers in mega-merger The two largest U.S. owners and operators of industrial real estate space are planning to merge, with AMB Property Corp. reportedly close to an $8.7 billion deal in stock to acquire ProLogis. The companies have characterized the deal as a 'merger ...
FedEx Freight widens LTL service selection FedEx Freight Corp., the less-than-truckload operation of FedEx Corp., will offer shippers the choice of two levels of freight transportation service. FedEx Freight Priority is a fast transit, time-sensitive LTL freight delivery service, while FedE...
CDM names Horton VP marketing in Americas Cargo Data Management, a Dallas/Ft. Worth, Texas-based provider of cargo revenue management systems for airlines, has named Arturo H. Horton to vice president of marketing for the Americas. Horton has held senior management positions with Braniff I...
Another Mumbai collision sees naval ship sunk An Indian naval ship sunk off the coast of Mumbai Sunday after a collision with a small containership, an accident that echoed a collision in summer between an MSC ship and a bulk carrier. Mumbai police are investigating the collision between the 1...
U.S. maritime industry set for second 'Sail-In' The U.S. Maritime Coalition has set the date for itssecond congressional "Sail-In" on Capitol Hill for May 4. The coalition said this year's Sail-In would build on the success of the inaugural event in 2010, which was widely supported by the Americ...
APL sees higher volumes, rates Neptune Orient Lines reported container liner company APL moved 394,500 40-foot equivalent units in the six-week period ending Dec. 31, 26 percent more than in the same 2009 period. Average revenue per FEU was $2,647 in the period, up 21 percent fr...
Hapag-Lloyd exits CMA CGM Europe/Oceania loop Hapag-Lloyd said last week it is dropping out of a CMA CGM-operated loop connecting Europe, Oceania and the South Pacific via the U.S. East Coast and Panama Canal. The service, which CMA CGM calls PAD and Hapag-Lloyd dubs OCE, has a rotation of Til...
FMC calls for comments on slow steaming The U.S. Federal Maritime Commission on Monday issued a notice of inquiry, asking the public to comment on how slow steaming, the practice of operating ships at reduced speeds, has affected ocean liner carrier operations and shippers' internationa...
DOT: Onboard recorder would enforce HOS rule The U.S. share of global containerized traffic fell by nearly half, from 16 percent to 9 percent, between 1995 and 2009, according to areport released last week by the Department of Transportation's Bureau of Transportation Statistics .America''s ...
SuperSpeed 1 returns to service On February 1, 2011, Color Line reintroduced the rebuilt ferry SuperSpeed 1 on its Kristiansand'Hirtshals service. The ferry has been converted at a cost of NOK 100 million by
Expedition ship grounded ' again Yesterday the 5,000 GT expedition vessel Polar Star hit a rock while anchoring north of Detaille Island off the Antarctic Peninsula, reports the International Association of Antarctica Tour Operations. The
Finnish warship to fight pirates The Finnish mine layer Pohjanmaa has joined the EU Navfor Somalia operation. This is the first time the Finnish Navy has ever participated in an international naval military operation with
Riots close Mærsk Egyptian operations A. P. Møller-Mærsk has temporarily shut down most of its operations in Egypt. The Egyptian government has closed down most of the communication (Internet and telephones) traffic and the
Bunker market firm in Fujairah Strong demand for products in Suez.
Moves to speed up bunker spill compensation payments Australian businesses could see payments being made in April.
Bunker prices rise in Rotterdam and Hamburg Some Rotterdam suppliers reported to be fully booked this week for HS product.
'Time to decide' on MARPOL Annex VI solutions 'Moving from the thinking cap to the resolution stage needs to be top priority' says writer on BIMCO's website.
Stronger bunker margins predicted for Singapore Bunker traders' profit per tonne of 380 cSt fuel sold recover by 24% in 2011 after slumping in 2010, survey suggests.
New environmentally friendly tanker for NITC Tanker has 'Vessel Performance System' to improve fuel efficiency.
New global player emerging as BB Oslo changes ownership and name Now part of 'newly established marine fuels solution provider' with multiple international offices and further expansion plans.
New trader for KPI Thomas Lee will be based in Singapore.
Oil port dredging project wins approval Russian authorities say plans 'are consistent' with environmental protection.
Double-digit gains in most Asian ports Supplies mostly tight in Asia's key bunkering hubs.
Experts list alternative fuels use in shipping by 2050 Ships to use hydrogen, biofuels, LPG, LNG and nuclear fuel by 2050, says report.
Saudi Aramco sells 180 cSt cargo at record premiums Shell pays $11-13 pmt premium amid 'unbelievably tight' fuel market in East Asia.
Danish Maritime Authority lists LNG project partners Aim of 'making LNG a competitive fuel for shipping' in the Baltic Sea, North Sea and English Channel.
IFO deliveries 'back to normal' in Far East Russia Resumption of deliveries improves tight IFO supplies at the ports.
IFO deliveries 'back to normal' in Far East Russia Resumption of deliveries improves tight IFO supplies at the ports.
Global Risk Management welcomes new oil risk manager Will be responsible for advising and selling customised fuel risk management solutions, says company.
Environmental bulk carrier exceeds fuel-saving targets The 'Emerald' design offers a lighter and environmentally friendly ship.
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