LNG tanker shortage hurts smaller players A lack of available liquefied natural gas (LNG) tankers helped push charter rates up this winter and continues to hamper trade for smaller players without access to tonnage, shipper Golar LNG said.
Norden Q4 profit slumps to US$23m Danish carrier D/S Norden reported a slightly smaller-than-forecast drop in operating earnings for the fourth quarter, hit by weak freight rates, and said that 2011 was likely to be a mediocre year.
Shipping costs threaten to drive up food inflation Spiralling shipping costs for commodities threaten to drive food inflation even higher as nations from Asia to the Middle East and Africa scramble for supplies, stung by grain prices that have more than doubled in less than a year.
JAL ends B747 era Japan Airlines (JAL) was the largest Boeing B747 operator for 41 years, during which the One World member operated over 100 frames. Now JAL operated its final Boeing B747...
First diesel-electric locomotives take to tracks in South Africa GE South African Technologies (Gesat), the South African subsidiary of GE Transportation, and Transnet Limited recently held a trackside ceremony near Pretoria to cele...
Turkey: Ekol Logistics opens new facility in Bursa The Turkish logistics provider Ekol has inaugurated a new facility in Bursa (western Turkey), in addition to its platforms in Istanbul, Ankara, Izmir, Mersin, Denizli and Adan...
Delta Shipping introduces weekly Dunkirk-St Petersburg service Delta Shipping, which has its operational headquarters in St Petersburg (Russia), recently launched a service linking the French port of Dunkirk with St Petersburg. The line a...
AA Cargo optimizes market and industry information American Airlines Cargo division (AA Cargo) recently introduces Business Insights, an online resource offering market and industry information to shippers and freight forwarde...
Deutsche Bahn concludes sale of the Arriva Germany-Group After receiving the green light from the European Commission, the German rail service provider Deutsche Bahn has completed its sale of the Arriva Germany-Group to a consortium led ...
Gefco reinforces team with North Africa expert Gefco Germany has appointed Kirsten Marie Schulte as its new business development manager for the Maghreb region. The proven North Africa expert is responsible for the coordination...
Hamburg Süd: naming ceremony for 7,100 teu "Santa Clara" The German shipping company Hamburg Süd held a naming ceremony for the "Santa Clara" in Durban, (South Africa) on 28 February. The containership, the first of ten identical 7,100 t...
First giant CSCL containership calls Hamburg on her maiden voyage The CSCL Star, a 14,074 teu containership operated by China Shipping, recently called at the port of Hamburg (Germany) on its maiden voyage in the Asia-Europe Express-1/China-...
Norbert Dentressangle wins new contract with JCB Norbert Dentressangle Transport Services has secured a new three-year multi-million pound contract with JCB, the world's third largest construction equipment manufacturer by v...
Toll reports higher profit for HY 2010/11 Australian-based Toll Holdings, a leading transport and logistics provider in Asia, reported a net profit of AUD 173 million (USD 175 million) in the first half of its fiscal year ...
Kuehne + Nagel: favourable results for 2010 The Kuehne + Nagel Group, a global forwarding and logistics corporation based in Schindellegi (Switzerland), was able to benefit from the recovery of world trade in fiscal 2010. K ...
Kuehne + Nagel acquires RH Freight in Great Britain Kuehne + Nagel has taken over the family-managed British road haulage company RH Freight for around CHF 90 million. The acquisition is in line with K + N's growth strategy and its ...
CMA CGM strengthens Asia-US west coast services The French CMA CGM Group is upgrading its services between Asia and California USA). As of May 2011, the consolidation of its partnerships will enable CMA CGM to reinforce its cove...
Iata switches AGM from Cairo to Singapore The International Air Transport Association (Iata) announced that its 67th annual general meeting (AGM) will be held in Singapore from 5-7 June 2011. The 67th Iata AGM is the aviat...
Transpacific box rates continue to slide Rates soften as major lines gear up to expand capacity on the Pacific by up to 10%
Widdows leads call for clearer data on intra-Asia box trades NOL's Ron Widdows leads call
Charter rates buoyant for forward positions But picture is weaker for promptly available vessels and pressure is building in freight trades
Korea Line creditors revealed as losses mount Shipping's biggest names and largest listed companies among those owed millions in hire
Price and politics hit shipping loan sales If selling off a shipping loan book is proving to be difficult, the reasons for that are to be found in the market pre-and post-credit crunch
When shareholders are just a distraction The most successful shipping companies are those that are the most flexible in their operations and are able to quickly adjust to the wild swings of turbulent times
FMC keeps watch on Shanghai information requests Commission to ensure US trades are free of unfair trading practices of foreign governments
Hamburgers happy to join in Bremen's feast Germany's maritime industry elite flocked to the Hanseatic city's 467th annual Schaffermahlzeit meal
UK port planning caught in political turbulence The coalition's new policies and restructuring have added to the challenges for the development of the UK's ports
Beluga's ownership in balance as Oaktree seeks greater stake Investor submits application to Germany's cartel office in a bid to extend its stake in heavylift operator to above 50%
Beware private equity unknowns Shipping companies should know their risks if they intend to let private equity in
Norden eyes further expansion as earnings soar 91% Danish owner to continue 'flight to quality' by building closer ties with dry cargo owners
'Get real' over scrapping Debate rages on as to whether the shiprecycling industry should accept that the beaching method of dismantling vessels on tidal shores is here to stay
Industry split over beaching method of dismantling ships Progress would be better made by improving standards at all shiprecycling facilities
Finnlines results rebound as Baltic cargo volumes rise Stevedoring subsidiary to face job cuts as competition intensifies at Finnish ports
Asia-Europe box traffic hits record high for January Eastern Mediterranean and Black Sea trades help drive up volumes
Box lines may need to switch fuel use Lines will need to switch from heavy fuel oil to cut bunker bills
Lloyd Fonds eyes expansion as it bounces back to profit KG firm posts net gain of $3.7m as it looks to explore a new asset class
Standard Chartered sees jump in transport loans Bank's transport, storage and communication unit sees new lending leap $4bn
HSH Nordbank swings back to profit Posts profit of €48m in 2010, after 2009 loss
Keppel Offshore pays $69m for stake in Dyna-Mac Deal expected to boost its presence in the FPSO market
Bangladeshi breakers expect green light for reopening High Court decision tomorrow over reopening of yards will have implications for around 100,000 workers
Showdown looms over seized Korea Line tankers Blue Emerald and Blue Jade embroiled in classical 'corporate veil' drama
APM Terminals eyes $1bn investment in Costa Rica port First phase of Moin Container Terminal to be completed by 2016 at a cost of $543m
Hyundai Heavy Industries wins $4bn in orders in January Order volume up almost fourfold from a year ago
We must work together against pirates We must all now get behind the initiative to orchestrate globally the response to piracy
Chirp is well worth saving Withdrawing the funding of Chirp is both a false economy and also short sighted
Obama pressed on trade WHILE key US trade accords are stalled, "the rest of the world is negotiating on free trade, and shipowners are losing out", the White House was warned today
Car carrier import pattern is reversed THE ERA of dead-cheap freight rates for Asia/Europe vehicle shippers is ending, with European exports beginning to outstrip those from the Far East
Petrobras plans its third LNG terminal PETROBRAS plans to build Brazil's third floating LNG import terminal near Salvador's port
Paragon locks up newbuilding funding NYSE-listed Paragon Shipping has announced a sharp drop in profits and the completion of financing for its newbuilding programme
CMA CGM responds to demand rise CMA CGM is increasing sailings from Asia to the US West Coast, a route on which it told Fairplay demand growth this year is likely to reach 6-8%
Oaktree seeks more of Beluga pie GERMANY'S rumour mill shifted into overdrive over an application with Berlin's antitrust agency by US investment group Oaktree Capital Management
KL narrows losses KOREA Line reported today to the Korea Stock Exchange that the bankrupt group narrowed its losses in 2010 from those of the previous year
Keppel buys JV stake SINGAPORE'S Keppel, the world's biggest rig building corporation, said today it has taken a 27.8% stake in a collaboration with topside module fabricator Dyna-Mac Engineering Services
Norden warns on 2011 DS NORDEN, the listed Danish drybulk and product tankers group, has warned it expects a mediocre 2011 despite reporting strong figures for 2010
Goldenport to seek more box ships GOLDENPORT Holdings, the Greek box ship and drybulker owner, said it plans to raise its investments in container vessels
Hanjin adds VLCC, but it will be lonely SOUTH Korea's Hanjin Shipping has told Fairplay it will be steering clear of tanker purchases after receiving its first such vessel today
Moody's predicts decade of drybulk volatility CREDIT rating agency Moody's warned today that the drybulk sector's lack of discipline portends rate volatility through 2020. drybulk
Eng sees little Mideast fallout APL BOSS Eng Aik Meng said today that he does expect the Middle East upheavals to harm shipping markets permanently although the violence has sharply increased oil price
Pacific Basin pledges buys PACIFIC Basin CEO Klaus Nyborg told Fairplay today he still plans to increase its fleet, despite taking a profits whack
Aframax spot rate soars CHAOS in Libya and the worst ice conditions in the Baltic since 1987 have sent the Aframax spot crude rate soaring, shipping analysts said today
House Votes To Extend Highway Programs to October The House voted, 421 to four, to extend federal surface transportation spending programs at current levels through the 2011 budget...
Soaring Oil Prices Cut Airline Profit Forecast The International Air Transport Association March 2 cut its estimate of global airline profit in 2011 as surging oil prices...
Heavy Truck Orders Drop in February Heavy truck orders slowed 11 percent in February, but remained high enough to keep truck plants humming well into 2011,...
Europe's Air Cargo Grew 8.2 Percent in 2010 Freight traffic for European airlines grew 8.2 percent in 2010 in a tepid recovery following two years of decline, according...
Mica Plans to Start Transport Bill in March The House Transportation and Infrastructure Committee will begin late this month to write its next six-year surface transportation legislation, said...
Drewry Trans-Pacific Rate Index Hits 53-Week Low Average spot rates on a key trans-Pacific container route posted their third consecutive weekly decline and are 37.2 percent below...
US-Australasia Carriers Post Rate Increase The six member carriers of the U.S.-Australasia Discussion Agreement announced a general rate increase that will take effect on April...
US Highway Driving Reaches 2007 Level Americans took to the road in increasing numbers last year, taking advantage of relatively low fuel prices as increased confidence...
Members of Congress Blast HOS Proposal Nearly 150 members of Congress urged the Obama administration to drop its proposed hours-of-service rule and keep the current work...
Goldenport Eyes Fresh Container Ship Acquisitions Goldenport, the London-listed container ship and bulk carrier owner, said it will invest in both sectors as it unveiled narrower...
American Feeder Lines to Launch First Service American Feeder Lines, which is seeking financing for a U.S.-flag coastal service, said it will launch weekly container ship service...
India to Put $47 Billion Into Infrastructure in 2011 India plans to spend an estimated $47 billion on infrastructure development during fiscal 2011-12 to accelerate economic growth and expand...
TTS Marine to Equip Four Car Carriers Swedish manufacturer TTS Marine contracted to build and install roll-on, roll-off equipment to provide cargo access for four car carriers. ...
OOCL Dropping Chassis Service in More Cities OOCL plans to stop providing chassis for import and export haulage at nine more U.S. cities as of May 1. ...
Asia Carriers Boost Asia-North Europe Capacity The CKYH Green Alliance of four Asian ocean container carriers is boosting capacity on Asia-North Europe routes with the addition...
Stanships stung in US Louisiana port proves troublesome for US operator Paul Sa as Doric Glory lands on USCG's latest list of detentions.
McDermott goes deep US subsea contractor and offshore owner ties up $700m worth of installation contracts.
Fugro grabs TSmarine Dutch owner's fleet of subsea support vessels tips 24 following acquisition of Australian operator.
Wells tells Excel's fortune Bulker buys still in the cards if US-listed owner tosses bond drive back on the table, analyst says.
Brega 'free' after battle Operations "back to normal" at Libyan oil port but 10 dead as Gaddafi-backed offensive repelled.
Paragon strikes it lucky Michael Bodouroglou-led bulker owner scores $135m facility with Nordea-headed syndicate to pay for all of its seven newbuildings.
Petrobras pens biofuel pact Brazilian transport titans cough up cash to launch $60m logistics syndicate, Logum Logistica.
Nacala to expand Mozambique port to get $200m upgrade, while eyeing Vale's coal exports from Moatize.
Heads roll at Finnlines Shipowner chops 160 staff at three ports as it reports another quarter in the red.
NCL hikes prices Strong bookings prompt cruise line to add 10% to fares from 1 April.
Navios nabs $50m more New York-listed Navios Partners secures extra cash from Commerzbank and DVB to pay for cape duo.
Documentation dilemma Maersk recycling boss raises concerns over validity of hazardous waste materials statements.
Boost for brokers Lifting the clamp on ship breaking in Bangladesh will be celebrated by brokers, SSY says.
Backing for beaching Operational failings rather basic flaws in the method blamed for beaching bashing.
No retreat for Swiber Singapore-listed offshore owner pledges to remain active in Africa and the Middle East despite recent unrest.
FMC publishes final rule on NRAs U.S. The Federal Maritime Commission said its final rule on non-vessel-operating common carrier negotiated rate arrangements waspublished in theFederal RegisterWednesday , as controversy swirls around the treatment of foreign NVOs. The new rule go...
CSTA to raise bunker rates in April Member lines of the Canada Transpacific Stabilization Agreement said this week they will increase the bunker surcharge they assess on shipments from Asia by 20 percent to 30 percent beginning April 1. Bunker costs have skyrocketed in recent months,...
Maersk hikes transatlantic, Asia/South America rates Maersk Line said this week it will raise rates on the transatlantic and Far East/East Coast South America trades. The increase on the transatlantic is $300 per container westbound from Northern Europe to the United States (including Guam) and Canad...
MSC raises transatlantic, U.S./ECSA rates Liner carrier Mediterranean Shipping Co. said Tuesday it will raise rates on transatlantic and U.S./South America cargo beginning April 1. The eastbound transatlantic increases are $240 per 20-foot container and $300 per 40-foot container for shipm...
CKYH reshapes Asia/North Europe network CKYH Alliance carriers said Wednesday they are adjusting their service network on loops between Asia and northern Europe from early April. COSCO Container Lines, "K" Line, Yang Ming and Hanjin Shipping will amend the rotations of three of their fi...
GOP seeks to trim Coast Guard, MarAd, FMC funds Republican congressmen highlighted concerns about the need to rein in government spending during a hearing Tuesday on the Obama administration's budget requests for the Coast Guard, Maritime Administration and the Federal Maritime Commission. Fran...
Big 3 bank on transpacific growth
Maersk, MSC, CMA CGM shake up TP network Maersk Line and CMA CGM said Tuesday they will amend their transpacific service networks to the U.S. West Coast from the end of May. Maersk, CMA CGM and Mediterranean Shipping Co. operate a vessel sharing agreement on the trade that covers a host ...
Europe's Big 3 bank on transpacific growth Europe's Big 3 bank on transpacific growth Europe's Big 3 bank on transpacific growthCMA CGM's executive in charge of the transpacific trade told American Shipper Tuesday that Europe's Big 3 container lines are expecting solid to substantial growt...
Rate increases MSC raises transatlantic, U.S./ECSA ratesLiner carrier Mediterranean Shipping Co. said Tuesday it will raise rates on transatlantic and U.S./South America cargo beginning April 1. Maersk hikes transatlantic, Asia/South America ratesMaersk Line said...
Statoil declares Havila charter options The Norwegian energy company Statoil extends the charters of Havila's AHTS-vessels Havila Mercury och Havila Mars with one year. The agreement includes another one-year option. Statoil also declares
Crude extends gains after unexpected decline in US inventories Crude oil futures in New York extended gains after a US government report showed an unexpected decline in inventories.
Tenders invited for terminal upgrade Klaipedos Nafta says new tanks will store fuel oil, vacuum gas oil, crude oil and diesel fuel.
Prices rise in Fujairah In Cape Town, IFO deliveries were available for supply March 5-16.
Distillate prices see double digit gains In Gibraltar, a supplier reported earliest availability would be March 9.
Limited bunkering still possible in Tripoli Player says priority is being given to 'humanitarian ships'.
Aegean starts operations in Cape Verde Latest market expansion initially serviced by one double-hulled bunker tanker with total marine fuels capacity of 4,200 tonnes.
WFS completes acquisition Price of purchasing Nordic Camp Supply has risen to $94.6 million.
New fuel leak reported as grounded vessel leaves Norway 'Unbelievable' that damaged vessel was allowed to sail after grounding and spilling bunkers in Norway.
Bunker prices driving up food costs BW380 Index shows fuel costs up by 40% in five months.
Kontur deploys barge in St. Petersburg Bunker player wants to grow its market share in Russian hub and in the Gulf of Finland.
Bunker prices firming at key ports mid-week Supplies not an issue across all key Asian ports.
Singapore bunker firms seek local crew Singapore agency wants to 'encourage more Singaporeans and permanent residents' to become seafarers.
Tight 380 cSt supplies ease at Taiwanese port Replenishment cargoes arrive from Kaohsiung refinery, says CPC.
New jetties may boost bunker demand at South China port Two 50,000 dwt multi-purpose jetties at Humen port will be ready in May, says port source.
Rising bunker prices 'not so much' a concern, says APL chief Fluctuations in bunker prices passed on to customers, he says.
Limited IFO avails in Far East Russian ports High demand for IFO 180 last week squeezes supplies.
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