Jurong Port to run new Offshore Marine Centre for three years JURONG Port Pte Ltd has been named by JTC Corporation as the operator and manager of the Offshore Marine Centre (OMC) for the next three years.
China's Cosco to merge freight units China's Cosco Group will merge its dry bulk freight units to improve its bargaining power with ship owners, as it struggles with a severe market downturn and payment disputes that have tainted its reputation.
Europe ports gain from Baltic trade surge Russia and other Baltic Sea states are cushioning Europe's biggest container ports from the worst of the region's debt crisis as their booming economies more than compensate for slowing growth in countries using the euro.
Brazil's Vale in talks to engage Chinese ore carriers long term
Strong Swiss franc: Astag calls for stimulus programme The possible recession and continued strong franc are also causing problems for the Swiss transport business. The main issues are the drastically dwindling margins in business abro...
APM Terminals to build port project in Costa Rica APM Terminals has signed a USD 992 million 33-year concession contract with the Costa Rican government to design, finance, construct, operate and maintain the new Moin Container Te...
Port of Long Beach to renew lease with Toyota The Long Beach board of harbor commissioners recently gave the go-ahead to a USD 240 million, 20-year lease renewal with Toyota Motor Sales, keeping a major hub for one of the worl...
OOCL orders two super-postpanamax gantry cranes for KAOCT OOCL recently announced that two super-postpanamax gantry cranes will be installed at OOCL Kaohsiung Container Terminal (KAOCT) in Kaohsiung port (Taiwan). The crane procurement is...
FAA proposes civil penalty against Capital Cargo The Federal Aviation Administration (FAA) is proposing a USD 298,500 civil penalty against Capital Cargo International Airlines (CCIA) of Orlando FL, for allegedly operating eight ...
ATCO harmonises European air traffic controller licensing Yesterday marked the entry into force of new European rules for the licensing and medical certification of air traffic controllers (ATCO). EU Commission directive 805/2011 creates ...
Brunswick Rail acquires Proftrans Brunswick Rail, Russia's leading railcar operating lessor, has purchase the rail operator Proftrans, which specialises in the transport of metal by rail. The company's rail fleet c...
Iberia boosts services to Equatorial Guinea As part of its expansion in Africa, the Spanish carrier Iberia has added one weekly flight between Madrid and Malabo in Equatorial Guinea. The airline now operates six weekly retur...
Swiss track access prices see double hike Swiss track access prices are to be raised in two steps, from January 2013 and January 2017, as was decided by the government yesterday (Wednesday). The additional annual income of...
Kerry Logistics opens new Hanoi centre Kerry Logistics is continuing its expansion in Vietnam, opening a new logistics centre in Hanoi. The 10,000 sqm facility will focus on providing a broad range of services for the e...
Globe Express Services opens Miami, Guangzhou and Suzhou locations Globe Express Services (Overseas Group), one of the world's 85 largest logistics providers, has added three new locations to its network, namely in Miami FL (USA), Guangzhou and Su...
Norbert Dentressangle posts strong sales and profit growth The French transport and logistics group Norbert Dentressangle ended the first six months of 2011 with strong sales and profit growth. Sales jumped by 21.9% - from EUR 1.4 to 1.706...
Ralf Steinhilber new Bizerba director Ralf Steinhilber has been the new director of food processing at Bizerba since 1 August. Bizerba is a global provider of professional weighing, labelling, information and food serv...
UPS: electric vehicles replace diesel trucks UPS has purchased 100 all-electric delivery vehicles for deployment in California. The 100 vehicles will be acquired from Electric Vehicles International of Stockton CA, and will r...
Will China keep Sudan in check? The newly formed South Sudan will have to continue to pay an exorbitant price to get its oil to market
Front row seat for Sosrep's casualty debut History in the making as reefer ship Dole America crashed into the 90 ft high Nab Tower in the middle of the Solent
Rotterdam Rules mark significant milestone Pressure from the US tipped to bring ratification
Case study in rising to the top Award-winning maritime lawyer Helen Noble looks back on a career that has led her to Dublin via Singapore and Sakhalin
Small changes make a big difference While regulation has helped drive innovation in emissions management, market forces have also played a role
UK anti-corruption watchdog warns industry over bribery Serious Fraud Office issues warning to those who might be tempted to cheat the system
The downside of big leaps forward There needs to be the clear-headed perspective that we will not have thought of all possible consequences of using new and unusual technologies
DryShips 'very bullish' on offshore drilling investment But executive says share trades at 'steep discount' given valuation of recent takeover bid for rival drilling outfit
New index offers box trades hedging benchmark WCI attracting interest from trading houses, carriers and shippers
Torm to close LR1 pool Part of effort to take company back into profit
Product tanker earnings fall to nine-month low as US gasoline imports slide Diesel trade from US to Europe seeing rising activity
STX OSV cashes in on offshore ordering spree Singapore shipyard's prospects have brightened greatly since its November 2010 stock market listing
STX OSV gets analysts talking Analysts agree that timing is auspicious to buy into the company, based on the likely continued ordering in the offshore support vessel space
STX OSV growth spurt set to continue Singapore-listed shipbuilder targets Brazil and Norway as key growth markets
CMA CGM calls on small lines to quit Asia-Europe trades Rodolphe Saadé puts pressure on weaker operators
Largest ever vessel carves northern sea route record Sovcomflot tanker Vladimir Tikhonov completes passage in under eight days
Drewry casts fresh light on container terminal ownership Equity teu ranking tackles danger of the total teu method creating double counting where more than one operator has a shareholding in the same terminal
Golar eyes $120,000 per day LNG shipping rates next year Rising LNG shipping demand expected to push prices up to $135,000 per day by 2013
Wan Hai Lines joins ranks of loss making box lines Most Taiwanese shipping companies performance worse than expected
Marco Polo brings contempt of court charge against Credit Agricole New twist in New York Chapter 11 case
Bullish sentiment in supramax market unjustified Owners are asking for high rates but charterers are stepping away from the market to put downwards pressure on prices, brokers say
Natural attrition The challenge now in the container trades is to pick the next takeover target
Stability matters There's no proof that Brussels' removal of the antitrust exemption for box lines in Europe was a net benefit to the customers of maritime trade
Intra-Asia conference pushes for rate increase on cargoes to and from Japan New rates to come into effect in October are aimed at partly recovering lost revenue
Secondhand sales volumes poised to slow to lowest level in a decade Owners reluctant sell ships as asset values fall
Ports warning over security risks Funding cuts put US ports at risk of attack
Lloyd's List launches iPad, iPhone version, free to subscribers News on the move
ICS urges New Zealand to retain conferences Most competition authorities recognise the benefits of co-operation, says Chamber
European Union expected to lift Libya sanctions on Friday Ports of Tripoli, Zuara, Zawiya, Khoms, Ras Lanuf and Marsa El Brega involved
BHP to expand coal terminal in Oz BHP BILLITON reportedly plans to spend about $350M to expand the world's largest coal port
China asks WTO to reverse cargo ruling BEIJING said today it has appealed an international ruling that its controls on exports of raw materials violate trading rules
Bank accused of contempt MARCO Polo Seatrade has asked a New York bankruptcy judge to declare Credit Agricole in contempt for its continued arrest of the tanker Montiron
Panamax owners left out PANAMAX bulker owners can only watch as Capesizes go from strength to strength, with few spillover benefits for their sector
Capesizes rise to new high CAPESIZE average timecharter rates have surged to a 2011 high, rising $2,942 to hit $19,610 per day, from last week's record of $19,010
Heat's on at Cai Mep THE RUSH by liners and port operators to tap Vietnam's growth has led to intensifying competition at its new deepwater port, Cai Mep
LR1 levels soften after all PREDICTIONS that naphtha demand would surge in Asia have failed to take off, as LR1 freight levels softened following the firming of the past two weeks
SUNY Maritime College Gets First Female President Former Rear Adm. Wendi Carpenter on Thursday became the first female president of State University of New York Maritime College,...
Oil Spill Partially Closes Mobile Shipping Channel The Coast Guard on Thursday closed five miles of the Port of Mobile's shipping channel because of a heavy crude...
Railroads' Vehicle Shipments Strongest in Months Major North American railroads saw their carloadings of automobiles and other large equipment rise 5.3 percent last week, to the...
Chamber Calls for Multi-Year Transport Bill The U.S. Chamber of Commerce on Thursday called on Congress to act more boldly to pass a new long-term transportation...
TSA Carriers Seeing "More Robust" Bookings Transpacific Stabilization Agreement carriers have seen "more robust forward bookings and other favorable market signals" since implementing a peak surcharge...
GOP Leaders Challenge Obama on Transportation Two key congressional Republicans pushed back at President Obama's over who bears responsibly for stalled transportation spending measures, while agreeing...
Firm Develops LNG-Powered Container Ship Japan's IHI said that its wholly owned shipbuilding subsidiary, IHI Marine United, has developed low-emission large container ship that can...
Damco Launches Online Carbon Calculator Damco, the combined logistics brand of A.P. Moller-Maersk, launched an online calculator enabling shipper to track the carbon dioxide emissions...
Shippers Call for Asia-Pacific Liner Conference Ban Shipper groups, extending their drive against collective ocean carrier actions, are calling on regulators in the Asia-Pacific region to follow...
Caribbean Shipowners Implement Peak Surcharge The six-member Caribbean Shipowners Association said Thursday it will implement its planned peak season surcharge on southbound containers to all...
Brown Trucking Adds Technology to Track Trailers Regional truckload carrier Brown Trucking is investing in trailer-tracking technology to better manage its fleet and effectively increase capacity. ...
Trucker Celadon Adds $100 Million to Credit Line Truckload carrier Celadon Group increased its credit facility to $100 million and reset its credit terms as it eyes future...
World Container Index Goes Live The World Container Index went live today, with the first Europe-based assessment of ocean freight rates showing increases on some...
US Manufacturing Index Slips Closer to Contraction The Institute of Supply Management's U.S. manufacturing index slipped back 0.3 percentage points in August to its lowest point in...
Jacobson Parent Buys Asian Forwarder JHCI Holdings's acquisition of essentially all of the assets of G-Link Express Logistics, a Singapore-based forwarding group, strengthens the third-party...
Westports Malaysia Volume Up 17 Percent Westports Malaysia in the first half saw volume rise 17 percent year-over-year to 3.1 million 20-foot container equivalent, as the...
Torm torches LR1 pool Pool pioneer seeks "strategic partnerships" after parting ways with product carrier partner Reederei Nord.
Denholm exits Eagle Alan Ginsberg cools fears surrounding future of US-listed bulker owner's fledgling trading arm following sudden departure of top commander.
Marco challenges arrest Antonio Zacchello-backed tanker operator turns the tables on senior lender as high-stakes bankruptcy battle brews in the US.
EMSA boss to step down A replacement for EMSA's executive director Willem de Ruiter is being sought.
New Jewell in ACM's crown London-listed broker confirms the recruitment of MC Shipping finance chief to head up new Dubai venture.
Jeddah volumes jump Saudi Red Sea port boosted container numbers in first half, and also handled more ferry traffic.
Size stands in Cosco's way Chinese owner's scale and state backing mean companies are less willing to rejig contracts, says Barclays Capital.
Raffles raising cash China-based offshore constructor aims to raise $100m from a share issue to existing shareholders.
Cape climb will peak soon A surge in capesize rates is nearing the summit with a significant improvement only coming late next year, Jefferies says.
Thor Gitta brought in Danish cargoship will offload rice cargo from grounded bulker Angel 1 off Mauritius.
Greek scores NSR first Piraeus operator claims 'Blue Ribband' for North Sea Route
Mercantile under pressure Sri Lankan owner renegotiating payments for its multipurpose vessels as rates drop.
Weak spots spur S&P cuts Malaysian shipowner MISC sees its ratings dropped by agency due to industry downturn.
CMA CGM looks to South America for growth 2011 will be profitable, but "a more classic year with financial results that are more in line with the industry standard" following exceptional profits realized by it and other carriers in 2010, and the losses the industry saw in 2009, said Rodol...
Legislators criticize Jones Act waivers A bipartisan group of legislators havesent a letterto President Obama criticizing the repeated use of waivers to allow oil companies to use foreign-flag ships to transport oil from the Strategic Petroleum Reserve (SPR). "We strongly urge the Admini...
ICS urges retention of New Zealand's antitrust The International Chamber of Shipping has urged the New Zealand government to retain antitrust exemption for the liner carrier industry as the nation considers making changes to its maritime competition regime. The chamber has asked the government...
Maersk tweaks Europe/Canada loop berth hours Maersk Line will amend the berthing pattern of its TA4 service between northern Europe and Canada from Sept. 12, the line said in a notice this week. "There will be a slight change in the Canada service (TA4) to accommodate increased containers to...
Old Dominion names Parr, Raynor VPs Old Dominion Freight Line has appointed Ross Parr to vice president, deputy general counsel and assistant secretary. Additionally, the Thomasville, N.C.-based company named Jim Raynor as vice president of equipment and maintenance. Parr joins Old ...
APMT offers container repair near Copenhagen APM Terminals-Cargo Service said it is offering maintenance and repair service at DB Schenker's rail terminal in Hoeje Taastrup, near Copenhagen. The service is designed to help shipping lines and truckers avoid traffic delays in Copenhagen's city ...
BIS provides transshipment 'best practices' The U.S. Commerce Department's Bureau of Industry and Security on Wednesday published a new set of "best practices," developed in cooperation with U.S. industry, to help guard against the diversion of dual-use items shipped to a transshipment "hub...
Fujairah prices mixed Earliest delivery dates from September 5-6 onwards.
Weak bunker demand sees fuel oil stocks climb Buyers deterred by volatile market.
Bunker prices movement mixed Rotterdam 'dead as a doornail' says player.
Chimbusco take-over on track But Cosco says regulatory and government approvals are still needed.
Praxis Energy Agents moving HQ to Dubai Relocation from Athens 'a strategic step' says global marine fuel trader and broker.
Uncertainties remain in implementing MARPOL Annex VI Major study examines the outlook for marine fuel developments to 2030 in light of emission regulations.
Body recovered from Singapore waters Reports say its believed to be the agent who fell overboard.
Bunker prices lack direction Players report slack demand at key Asian bunker ports.
Russian supplier receives bunker tanker Tanker acquired by bunkering division of Nevsky Mazut.
Chimbusco starts offering 500 cSt grade at Shenzhen Chimbusco is the second supplier to offer the high viscosity grade in the port.
NOCC cuts Q2 losses One of its car carriers sustained 'minor damage' while bunkering in Singapore.
Cosco International's bunker arm posts higher revenues in H1 Sinfeng Marine reports 21% higher revenues amounting to $387.16 million in H1 2011.
Japanese firm develops LNG-fuelled box ship Plans to market newbuilds to both domestic and international markets.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
