China may siphon off S'pore bunker sales China may capture almost a third of Singapore's bunker market in three years as it expands terminals to handle more large tankers, according to Brightoil Petroleum Holdings, a Hong Kong-based marine-fuel supplier.
Storage tankers told to leave Pasir Gudang Malaysia's government has ordered seven floating storage facilities with a capacity to hold about 1.9 million tonnes of crude or fuel oil anchored off the south-eastern port of Pasir Gudang to leave by the end of this month, industry sources said yesterday.
Indo-Japanese JV for Indian rail freight corridor The enterprise Dedicated Freight Corridor Corp India (DFCCIL), which is promoting a USD 17 billion rail freight corridor project, has decided that its 1,490 km western part will be...
US manufacturers boosted by DoT financing plan US department of transportation secretary Ray LaHood has announced a USD 563 million loan to Amtrak under the federal railroad administration's railroad rehabilitation and improvem...
Fatigue and overtaking top issues for Australian truck drivers The joint Transport Workers Union (TWU)/NRMA BusinessWise survey in Australia of over 320 heavy vehicle drivers, a first-of-its-kind, found almost 40% listed the dangerous practice...
Emons Spedition establishes direct services to Luxembourg The Bexbach/Saarbücken (Germany) branch of the German logistics provider Emons Spedition now offers daily direct links to Luxembourg. Emons Spedition can offer same-day deliveries ...
Global container freight volume to increase slowly in 2011 Global container freight volumes will increase this year, but at a slower growth rate compared with 2010, according to a report released by the Chinese Academy of Sciences (CAS). T...
Asia-Pacific airlines register volume decreases in June Preliminary traffic figures for June released by the Association of Asia Pacific Airlines (AAPA) showed that international airfreight markets softened further during June. The mont...
Diederik Pen new managing director at Martinair Diederik Pen has been named the new managing director of Martinair with immediate effect. Together with Rob Hougée, director of finance, he will form the new board of managing dire...
Forwarder U-Freight on the move in Spain U-Freight's associate in Spain, Tracosa, is continuing to pursue its policy of having offices at the main Spanish airports and ports. To this end it has completed its move to a new...
Port of Montreal now represented in Europe The Italian shipping agency Medov has represented the operations of the Montreal Port Authority (MPA) in Europe since 1 July. Medov, headquartered in Genoa, is in charge of promoti...
MOL enhances Asia-East coast South America service Mitsui O.S.K. Lines (MOL) recently upgraded to its Asia-east coast South America service (CSW). From July 2011 through to 2012, MOL will launch a total of ten new 5,600 teu contain...
Jakarta airport to be overhauled Jakarta's substandard Soekarno Hatta international airport is set to receive an IDR 11.7 trillion (USD 1.37 billion) overhaul, according to the Indonesian transport ministry. Herry...
Emirates SkyCargo first to use new Envirotainer Emirates SkyCargo has become the first airline to transport the new generation of containers which can heat and cool temperature-sensitive cargo. Two Envirotainer RAP e2 units, car...
DHL extends cooperation with BMW UK DHL Supply Chain has signed a three-year contract with BMW to increase dealership deliveries in Scotland and northern England. DHL will provide warehouse services at its shared-use...
Hellmann East Europe opens new Ukrainian office Hellmann East Europe, which is a subsidiary of the German enterprise Hellmann Worldwide Logistics, recently opened a new office at Borispol airport in Ukraine. Over and above this ...
Handysize sales decline as holiday season kicks in Weakening charter rates saw activity dwindle from the 27 handysize sales reported in June
Vale rumoured to be adding to VLOC orders Brazilian mining giant thought to be in talks with Bohai yard in China at a time when owners are questioning the future of its newbuilding programme
Capesize order prices 'are at rock bottom' Uneconomical for yards to slash values any lower
Trading on emissions Shipping industry has a poor understanding of emissions legislation, says Helena Athoussaki
Wikileaks reveals Italian payments to Somalia during hijack talks No ransom paid for Buccaneer, but $18.5m aid pledged to Transitional Federal Government in Mogadishu
Vale rumoured to be adding to VLOC orders Brazilian mining giant thought to be in talks with Bohai yard in China
Rina tackles nickel ore dangers Cargo liquefaction sank three ships in a matter of weeks late last year. Now Italy's class society has offered a solution
Aids to using low-sulphur fuel launched Novenco and Alfa Laval team up to develop a new cooling system while Rivertrace Engineering launches a viscosity system to address key maintenance and operation concerns
IACS urged to back class societies' common structural rules software Common approach is vital to CSR
Time for a second look at Alang The myth that ship recycling in India and Bangladesh is locked in methods of 25 years ago needs rethinking
Italy would be in a much worse situation outside the eurozone There would have been more and more devaluation of the lira
Cido Shipping confirms sale of 30 MR tankers to Diamond S Shipping Transaction worth $1.2bn says source close to the deal
Capital says Cosco 'performing' on Cape Agamemnon charter Delays on hire for several other bulkers linked to the Chinese giant have not yet spread to Capital Product Partners
Luka Koper threatens to sack strike committee Management says action is illegal
Swedish vessel avoids attack off Benin Worrying increase in West Africa attacks
GE Seaco sold for $1bn Hong Kong-based private equity firm Bravia teams up with Grand China parent HNA to acquire the world's fifth-largest container lessor
SeaFrance's joint bidders will have to halt falling freight rates to succeed But DFDS and LD Lines are optimistic about taking on troubled ferry operator's assets
Study to assess maritime transport potential As iron-ore projects in Quebec's Cote-Nord grow, the area needs more than just a highway
A port unlike any other Protected by the seven islands and blessed with a 10 km wide deepwater bay, Sept-'les can accommodate the biggest bulkers
Canada's sleeping giant awakens Port of Sept-'les set to become major iron ore hub for Europe/Asia after global investment
Dwindling optimism It looks like this could be a long hot summer for tanker owners that many may not survive
Marco Polo Seatrade and affiliates file Chapter 11 bankruptcy protection Restructuring programme to be completed after 'disappointing reversal of bank support'
Pipavav profits from congestion at Jawaharlal Nehru port Total revenues for the quarter ended June 30 jump 62% compared to the second quarter of 2010
Cosco feeling China inflation heat Singapore-listed shipbuilder warns of rising cost pressures in China as profits fall in second quarter and share price drops 5%
Hutchison takes over third Sydney terminal Expansion will double capacity at Botany Bay
South America rate gap grows BOX RATE gaps in South America's inbound trade appear to be widening, with ex-Far East freight firming but rates for cargo out of Europe languishing
MarAd bill stresses shortsea A BILL that would allocate $162M to fund MarAd in fiscal 2012 includes a title that promotes shortsea shipping in US waters
HPH takes over Port Botany box terminal HPH TOOK over control today of the third box terminal at Sydney's Port Botany
India, Iran settle oil dispute INDIA and Iran have resolved a dispute over oil payments that had led to threats of supply cuts, IHS Global Insight reported today
LNG Ltd closes China deal LIQUEFIED Natural Gas Ltd has completed a placement transaction with China Huanqiu Contracting & Engineering, IHS World Markets Energy reported today
Canada certifies Davie bid CANADA has decided to consider a last-minute bid from Davie Canada for a share of a C$35Bn ($37
Box leasing group GE SeaCo acquired for $1Bn CHINESE aviation group HNA and Bravia Capital have reportedly acquired box leasing outfit GE SeaCo for $1.05Bn
Container sector remains in bargain basement A SHANGHAI broker told Fairplay today Hanjin Buenos Aires has been relet to CMA CGM for six months at just $14,000 per day
Slowing predicted for MR tanker growth GROWTH of the MR product tanker fleet is forecast to slow over the next few years because of a fall in newbuilding activity, according to broker EA Gibson
Cido seen selling tankers CIDO SHIPPING HK told Fairplay today it plans to sell 30 MR tankers to Diamond S Shipping of the US
Box rate rise fails to impress BROKERS in Shanghai have told Fairplay that the current mild recovery in Asia/Europe rates is insignificant as they are still unprofitable
MR rise termed overrated THE RISE in intra-Asia MR rates is overrated, particularly for shipments to and from Singapore, brokers told Fairplay today.886267.timg
Transneft plans crude switch RUSSIA'S Transneft is planning to reduce the flow of Azeri crude oil via pipeline from Azerbaijan to Novorossiysk and replace it with crude lifted by LUKoil from the northern Caspian Sea
Philippine ferry sinks ANTI-POLLUTION equipment has been deployed after a ferry sank off Iloilo, forcing the evacuation of 178 people, according to the Philippine Coast guard
Roadrunner Buys West Coast Drayage Operator Roadrunner Transportation Systems bought West Coast intermodal specialist The James Brooks Co., a $12 million company in 2010, for approximately...
West Coast Container Traffic Up 5 Percent U.S. West Coast ports registered a modest increase of 5 percent in total loaded containers during the first six months...
Diesel Prices Fall First Time in Four Weeks Diesel prices across the United States fell 1.2 cents in the week ending Aug.1, ending three consecutive weeks of price...
ODFL Launches Third-Party Logistics Provider Old Dominion Freight Line on Monday combined several existing business units to launch a carrier "neutral" third-party logistics provider, Vault...
Hong Kong Air Freight Falls 7.6 Percent Freight moving through Hong Kong International Airport tumbled 7.6 percent in June as the world's largest air cargo gateway saw...
ACL Taps Barge Line Veteran Knoy as CEO Inland waterway barge operator American Commercial Lines tapped Mark Knoy to be president and CEO, replacing Michael Ryan. Knoy...
US Steel Imports Fell in June U.S. steel imports declined 10 percent in June from May, but were up 31.2 percent year-to-date, reflecting weakening manufacturing demand...
Smid Retires as President of YRC Michael J. Smid, the chief operating officer of YRC Worldwide who handled the largest carrier less-than-truckload consolidation in history, left...
Newly Appointed Locke Heads to China Gary Locke formally resigned today as commerce secretary and was sworn in by Secretary of State Hillary Clinton as the...
GE Sells SeaCo for $1.05 Billion General Electric and a partner sold shipping container lessor GE SeaCo to HNA Group and Bravita Capital for $1.05 billion,...
APM Terminals Says Productivity Boosted in Nigeria APM Terminals said productivity of cranes at its container terminal in Apapa, Nigeria, has risen 25 percent in the past...
Universal Truckload Profit Falls 13.9 Percent Universal Truckload Service's profit slipped 13.9 percent in the second quarter, despite gains in its core truckload revenue, brokerage and...
Amazon to Build Three Tennessee Distribution Centers Internet retailing giant Amazon.com plans to open three more regional distribution centers in Tennessee this year, part of a broader...
US Manufacturing Falls to Two-Year Low A key measure of manufacturing in the United States fell back 4.4 percentage points in July to its lowest level...
Free Trade's Net Worth In the seven years since the U.S.-Chile free trade agreement took effect, U.S. exports to the South American country spiked...
South Carolina Ports Hires Cargo Sales Manager The South Carolina Ports Authority hired Kara Ramsey as manager of cargo sales to the shippers that use the ports...
Yusen Logistics to Appeal Price-Fixing Ruling Yusen Logistics, the logistics arm of Japanese shipping group NYK Line, will appeal an anti-monopoly ruling by the Japan Fair...
EU Launches Probe of Royal Mail Privatization Plan European Union antitrust regulators are investigating the United Kingdom's bid to privatize Royal Mail, the state-owned postal and logistics group....
Finnlines Profit Slips 9 Percent Finnlines reported first half operating profit fell 9 percent from a year ago due to Finnish port strikes, severe ice...
INTTRA Launches Automated Billing Dispute Resolution INTTRA, the ocean container shipping technology platform, is introducing a system that automates the process of comparing invoices and managing...
Yusen Logistics' Profit Plunges 59 Percent Yusen Logistics's net profit plunged 59.2 percent in its fiscal first quarter ending June 30 from a year earlier to...
CMA CGM Hikes India-Europe Rates CMA CGM, trying to boost pricing on the beleaguered westbound shipping out of Asia, will apply a general rate increase...
Burden of Proof Q: I keep reading your column, I don't know why, looking for some semblance of integrity, of equity, in your...
Dog Days of Shipping In Ancient Rome, the period between July 24 and Aug. 24 became known as the "dog days." The hot weather...
Running on Fumes Mark David, sales manager of Saratoga Honda, normally gets 115 to 150 new Hondas a month to sell to customers...
Rail Shippers and Rails Pack Pricing Punch Railroad executives might not agree precisely on how much the economy is recovering from its springtime slump, but one thing...
Road to Recovery As James Welch returns to the less-than-truckload company he left four years ago, his big challenge is getting a much...
YRC Enters the Welch Era Leading YRC Worldwide back to profitability may be the toughest job in trucking, and it belongs to James L. Welch....
Credit Where Credit Is Due Now that the recession is over, many ports are publicizing their growing cargo volumes and increased revenues, but failing to...
USMX to ILA: It's Us Against the World The next union contract for East and Gulf Coast dockworkers will be negotiated amid economic uncertainty, the prospect of new...
Reinforcing Security's Message U.S. Customs and Border Protection recently completed the work needed to allow U.S.-based third-party logistics providers to participate as full...
A Call for Invasive Action A recent appeals court ruling should send a chill through shippers relying on reliable transportation on U.S. waterways. The...
Taking a New Spin on Export Controls Step by painful step, the Obama administration's reform of export controls, a key plank in its goal to double exports,...
Missing the Target Economic forecasting is never an exact science, but when it comes to predicting the economic impact of the tariff cuts...
TAA, as in Toil, Angst and Aggravation Political opposition to free trade is a given, and can take many forms: Fears over the competitive impact on markets...
Why pay the same for a super-slow boat to China? According to a recent industry-centric survey, shippers are becoming increasingly irked at the arbitrary introduction of slow steaming [16-20 knots] and super-slow steaming [12-16 knots] by ocean carriers playing the tradelanes of the world
US inches back from the abyss
Outside czar Mehdorn to help privatise Russian railways
Invensys signs up for MD's RPS
Private investment in ports remains strong
US agri shipper group urges: carriers must build better links with US exporters
Strike hits ASC American Steamship forced to anchor ships as staff walk out following pay spat.
Back to the future strategy Diamond S Shipping to follow in OMI's wake as Craig Stevenson's new venture joins the major league.
Anema E Core freed Italian aframax tanker is set free by West African pirates after they plundered the vessel and stole part of the cargo.
Frontline 'expensive' Handelsbanken drops view on Oslo-listed tanker owner after lowering rate forecasts.
Wage freeze thaws Two-year fight over seafarers' wages has come to an end, union leader tweets.
Noble pens Sembcorp pair Driller takes jack-up orderbook at Singapore-listed shipbuilder to six after grabbing options worth nearly $500m.
ABP wins Humber battle ABP has prevailed in a court battle to wrest control of the Immingham Oil Terminal from oil giants.
Cido 30 ship sale signed Legendary investor Wilbur Ross provides financial backing for Diamond S Shipping as it becomes major MR product carrier owner.
Tanker takes to beach Prime Tankers managed vessel grounds near Mumbai after engine failure.
Bank downs CSDC stake JP Morgan sells off batch of shares worth $21m in Hong Kong-listed owner.
Cosco profit cut in half Singapore-listed shipbuilder and bulker owner sees its second quarter bottom line tumble.
The RMB may sink the $ HSBC Shipping foresees the prospect of the RMB becoming the 'new' Dollar.
Diamond deal for Cido Craig Stevenson in $1bn deal to buy fleet of 30 product carriers from South Korean shipowner.
Zacchello firms seek help Antonio Zacchello' Marco Polo Seatrade and three related companies make bankruptcy filings in the US.
Marco Polo worth a pop OCBC kicks off coverage of Singapore-listed firm with a buy tag.
Maersk describes focus on fast-growing trades A.P. Moller - Maersk said it is focused on increasing its business in fast growing trades between China and regions such as South America and West Africa. An article in the most recent issue of the company's in-house magazineMaersk Postquoted Lar...
China Shipping issues profit warning China Shipping Container Lines Co. Ltd. said last week it expects to report a net loss for the six months ended June 30. In anotice to the Hong Kong Stock Exchange , the Shanghai-based company said the expected loss "is mainly attributable to fact...
CMA CGM, CSAV partner on Asia/Africa loop Liner carriers CMA CGM and CSAV are starting a new jointly operated service between Asia and West Africa. Each line will provide five vessels on a service with a rotation of Ningbo, Shanghai, Chiwan, Hong Kong, Port Kelang, Lagos (Apapa), Loma, Tem...
Zim seeks Asia/Europe peak surcharge Liner carrier Zim said over the weekend it would seek a peak season surcharge on the westbound Asia/Europe trade from Aug. 15. The surcharge, $150 per TEU, is applicable to destinations in northern Europe and the Mediterranean....
CSAV joins MSC Asia/Africa loop Liner carrier CSAV has joined a Mediterranean Shipping Co. loop between Asia and southern Africa, part of a wide-ranging network agreement the two lines announced in mid-July. CSAV will join as a slot buyer on MSC's six-ship Cheetah service, which...
Tropical adds new ship Tropical Shipping said it will christen a new ship in the Port of Palm Beach on Aug. 15.Tropic Express,a shallow-draft, 368 TEU ship, will be deployed in the company's service to the Bahamas and become the 15th ship in its fleet. The $14 million ...
Military Sealift Command names Europe, Africa head The U.S. Navy's Military Sealift Command has placed Capt. Richard Soucie in charge of its Europe and Africa operations. Soucie, who joined the Navy in 1978, replaces Capt. James E. Tranoris. The command provides transportation and delivery of perso...
CRST acquires STI CRST International has acquired trucking industry logistics services provider Specialized Transportation, Inc. The privately held companies did not disclose terms of the deal. STI, a former division of North American Van Lines, is based in Ft. Wayn...
New U.S. GDP figures show paltry growth The U.S. economy only grew 1.3 percent in the second quarter, according to the U.S. Commerce Department, which also sharply revised the growth figure for the first quarter to 0.4 percent from 1.9 percent. The second quarter growth was less than an...
Brazil losses drag down TNT Q2 profit The logistics company TNT Express on Monday reported second quarter operating income of $66 million, down 23.3 percent from the same period in 2010. The fall in profit was primarily attributable to major customers losses in Brazil, the company sai...
Fujairah prices firm Earliest delivery dates were from August 4.
Fuel switch project honoured with award Partners cooperating on switch to low-sulphur distillate fuels on ships recognised by the Gulf of Mexico Program.
Floating storage tankers told to leave Pasir Gudang Malaysia's government orders seven tankers to go by the end of this month.
Rotterdam market firms Piraeus very busy with 'lots of volumes'.
Californian fuel rule changes cause ongoing controversy Two-year delay of 0.1% sulphur limit still not aligning regulation with ECA standards; supreme court challenge gains support.
North American ECA enters into force Amendments to MARPOL Annex VI creates world's third ECA; emission regulation to take effect in one year.
External: Praxis Energy Agents S.A.
Single owner for Ventspils oil transit business 'best outcome' Negotiations continue as new dispute erupts.
Bulgarian supplier out of product Refinery dispute enters new phase.
Shipping companies file for protection in US bankruptcy court Senior lenders 'unilaterally reversed their support'.
Week starts with uptrend in bunker prices Low demand for bunker fuel at major Asian ports on Monday.
Horizon Lines reports $7 million net loss in Q2 Soft container rates and high bunker costs pulled Q2 results 'significantly below' last year's figures.
UK emulsion fuel manufacturer marks 'significant milestone' Quadrise Fuels buys 6,000 bpd manufacturing unit for its MSAR fuel.
Higher margins, bunker sales boost US bunker supplier earnings Expects full year earnings to benefit from the new bunker fuels markets it entered in 2010.
Hanjin questions supply of 0.1% sulphur ditillates by 2014 Suggests to delay implementation of Californian 0.1% sulphur distillates use rule to 2015.
Loss warning on high bunker prices Dual-listed dry bulk shipping firm expects to post a net loss for the first six months of 2011.
South Korean bunker inventories slightly up SK Energy and Hyundai Oilbank to produce higher volumes in August.
Libyan unrest hits Chemoil Company responds to a query by the Singapore Exchange on losses incurred by associate in Q2.
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