UPS reports good Q4/2010 results UPS has announced an 8.4% increase in global revenue for the fourth quarter of 2010, with a 40% increase in adjusted operating profits. Global revenue grew by 8.4% to USD 13.42 bil...
Weiss R&ouiml;hlig Taiwan wins Comtrend business for Eastern Europe Logistics services provider Weiss R&ouiml;hlig, a joint venture between Austria's Gebrüder Weiss and the German forwarder R&ouiml;hlig, has secured a new a contract to manage air and sea freig...
Toll Group acquires SAT Albatros in Dubai The Australian transport and logistics service provider Toll Group is acquiring SAT Albatros (SAT), a leading Dubai-based provider of sea-air services. SAT reported revenue in exce...
Owners seek danger money as pirates move north Failed attack off Iran coast prompts move to charge piracy premium
Platou makes second cut in tanker forecasts Bullish scenario for oil market overshadowed by 7%-plus fleet growth
Egyptian oil terminals running Egypt's oil and gas terminals are fully operational, with very large crude carriers able to discharge crude at the Red Sea terminal of Ain Sukhna
Euroceanica orders two bulkers from SPP Plant UK-BASED bulk carrier and chemical tanker owner Euroceanica has ordered two 76,500 dwt panamax bulk carriers from SPP Plant & Shipbuilding in South Korea
Wikileaks cables show US pressure exerted on IRISL State Department tried to use line's loss of P&I cover to prevent ports from accepting its ships
China breached UN ban with shipments to Iran Wikileaks reveal details of cargo from China shipped onboard IRISL ships to Iran
Yemen port bid awarded on a whim Leaked cable shows president overruled tender process
Danish ports hit by strike action Port workers protest over government pension reforms
Stormy ride expected for transatlantic trades Cargo volumes are recovering well but are still a long way behind 2008 levels
Angola looks to join ranks of liquefied natural gas exporters
Angola's Soyo LNG project to start exports in first quarter 2012
Subsea 7 enters the major league with Acergy merger Acquisition fuelled by a number of upcoming large subsea umbilical, riser and flowline installation projects
Box crown belongs to the Pearl River Delta Shanghai might be the leading container port in terms of annual throughput but the combined might of Hong Kong and Shenzhen generates the biggest amount of box revenue
More light on piracy fight How far will the measures outlined in the IMO's action plan go towards eliminating this growing menace?
Clarkson closes investment funds Clarkson Shipping Hedge Fund and the Clarkson Freight Fund closed down with immediate effect
Louis Cruises in move to ditch Greek flag Cruiseship owner says it has no other choice following pensions spat with authorities
UN boss calls for tougher action against piracy Global menace is outpacing efforts to fight it, says UN secretary-general Ban Ki-moon
Straits' varied draughts need careful navigation
Athens Protocol requires international uniformity
Insurance bill for piracy is soaring On top of the human cost of pirate hijacks and crew kidnapping, the financial burden is weighing heavily
NCC warns of tight car carrier market by 2013 Sector in danger of being short of tonnage as rising demand puts pressure on shrinking fleet
Vopak seals $1.6bn credit facility Agreement replaces similar '1bn facility concluded in August 2007
Global Ports Investments' volumes exceed 1m teu Surge in Russian imports propel port group's throughput
HHLA container throughput soars 19% Recovery continues at Hamburg's largest port operator as it steals a march on its rivals
Shipowner group slams Australia port strikes Shipping Australia warns current action may herald "return to the bad old days"
Containers build up at Egypt's hub ports Suez remains open but containers start to build up at main hubs
CMA CGM sets up Egypt crisis unit Box line sets up dedicated team to monitor situation while continuing to accept bookings
Navios Acquisition offers $400m bond exchange Launches offer to bond holders, tweaking the terms on about $400m of debt
MHI cuts shipbuilding income forecast Revises forecast from ¥7bn to ¥4bn due to cancelled and postponed orders
Queensland coal ports escape cyclone damage Operations at main bulk ports at Hay Point and Abbot Point not affected by Cyclone Yasi
Coal import surge seen IMPORTS of coal into China and India will surge in this year's second half, Bank of America Merrill Lynch has predicted
Oz escapes Yasi ruin QUEENSLAND appears to have escaped significant damage to transport infrastructure from the huge Cyclone Yasi
Insurer loses UK rig appeal THE UK'S Supreme Court has dismissed an appeal by an insurer in a dispute over major damage to a rig being transported from the US to Malaysia
Investors hail SFI bond SHIPPING analysts said today that SFI's convertible bond issue has met good demand, with the coupon at the bottom of the range
Essar profits rise 26.5% ITS PORT arm has powered Essar Shipping Ports & Logistics to 26.5% growth in October-December net profits
Mitsubishi HI profits rise JAPAN'S Mitsubishi HI is on track for higher annual profits after its net income rocketed in the first three quarters of its fiscal year
Bulker risk seen spreading TOUGH trading conditions that have plagued Capesize drybulkers will probably start hitting smaller bulkers as well, a key Sydbank analyst has warned
Clarkson's closes funds CLARKSON'S, the London-based integrated shipping services giant, has closed the Clarkson Freight Fund and the Clarkson Shipping Hedge Fund, with immediate effect
Box dropped at Darwin AUSTRALIA'S port of Darwin has been criticised after its second major safety mishap this year
Melbourne dockers plan more strikes DOCKERS at Melbourne's Webb Dock bulk and general facility will stop work three more times over the next few days as their stand-off with employer Patrick continues
Rosario strike suspended, talks resume STRIKERS in Argentina have lifted their blockades, are allowing production to resume and will begin negotiations today with port officials.
Rails Seek Delay of STB Competition Hearing The railroad industry is asking the Surface Transportation Board to put off its scheduled May 3 hearing on whether regulators...
US Steel Promotes Three in Logistics U.S. Steel appointed Malisa J. Sommers managing director of transportation and president of Transtar, the company's transportation subsidiary, effective Feb....
ABF Freight Posts $58 Million Loss for 2010 ABF Freight System lost $7.4 million in the fourth quarter and $58.1 million in 2010 as it struggled to raise...
Chicago Intermodal Starts to Dig Out from Storm Chicago, the continent's biggest rail hub area and host to numerous intermodal terminals, was just starting on Feb. 3 to...
NY-NJ Port Authority Elects New Chairman The Port Authority of New York and New Jersey on Thursday elected former New Jersey Attorney General David Samson as...
Montreal, CN Conclude Terminal Operator Agreements The Montreal Port Authority and the two companies that operate the port's three key container terminals on Thursday announced two...
Chapman Freeborn Set for Egypt Evacuation Flights Air chartering company Chapman Freeborn said it expects increased demand for aircraft to evacuate foreign nationals from Egypt in the...
Suez Canal Stays Open, Ports Congested The Suez Canal remained open to ship transits Thursday and shipping companies are re-opening offices despite escalating violence in Cairo...
Retail Sales Surge 4.8 Percent, Despite Weather Major U.S. retailers reported above-expected January sales, despite bad weather in much of the country and continuing concerns about high...
Strike Shuts Down Port of Cochin A strike by unionized dockworkers Wednesday morning crippled operations in India's Port of Cochin, a major gateway on the southeast...
Mica Announces Public Meeting Sites Rep. John L. Mica, R-Fla., chairman of the House Transportation and Infrastructure Committee, is keeping his word to go on...
Report Says TUI Plans Hapag-Lloyd IPO TUI and a group of German investors are moving toward an initial public offering for German shipping line Hapag-Lloyd in...
UK's Teesport Starts Terminal Expansion PD Ports started work on a project to eventually triple container capacity at Teesport, the UK's third largest port. ...
DOT Issues Strong Intermodal Rail Endorsement The Department of Transportation has sent the Surface Transportation Board a strong endorsement of intermodal service at major railroads, appearing...
Rhine River Opens for Traffic The river Rhine in Germany re-opened to shipping in both directions for the first time since a motorized barge carrying...
Nippon Express Profit Tumbles 22 Percent Nippon Express, Japan's largest freight forwarder, said its net profit plunged 21.9 percent in the first nine months of fiscal...
Landstar Sales Climb to $2.4 Billion in 2010 Landstar System boosted its net income 29.6 percent year-over-year in the fourth quarter to $24.1 million, while its revenue rose...
MSC Adds Seattle to Europe-US Service Mediterranean Shipping Co. is adding the Port of Seattle to its California Express service out of Europe with the arrival...
Con-way Reports Slim Profit for 2010 Transportation and logistics operator Con-way returned to the black in 2010, reporting a $4 million profit for the year compared...
Canada Ports Contract Talks Near Deadline Waterfront employers at Canada's Pacific Coast ports and the International Longshore and Warehouse Union Canada will resume contract negotiations next...
DHT unleashes offering Svein Moxnes Harfjeld holds the helm as New York-listed tanker owner readies $40m raid on Wall Street.
Daelim sticks with Diamantis Seoul shipping syndicate locks in Greek gas-carrier for another year in the wake of sale-and-leaseback pact, brokers say.
UN losing piracy fight United Nations secretary general Ban Ki Moon admits international navy forces have failed to curb piracy as he backs a new IMO initiative.
US firm ups Sevan position US investment giant tops off $32m slice of Oslo-listed offshore owner following Norwegian spending spree.
Transpetro buys local Sao Paulo-listed steelmaker emerges victorious in international race tied to Transpetro plate tender.
Aker closes in on IPO Norwegian drilling contractor sets the stage for $600m offering in Oslo as board plots pricing.
ITC scoops extension Frontline tanker finds shelter following sell off drama as BP wing takes VLCC from Independent Tankers Corp.
Cruise boss in stick-up Irate passenger demands refund from head of Trinidad charterer Boodram's Travel at gunpoint.
Aegean braced for loss Nikolas Tavlarios-led bunkering giant to sell off vessels as poor tanker markets batter bottom line.
Orissa fights Kolkata stretch Indian state unhappy at shipping ministry-sanctioned expansion of port's operations.
Titanic job for H&W Belfast yard wins deals to restore vessel that ferried passengers to ill-fated liner in 1912.
Shipping survives Yasi No reports of maritime casualties after storm of the century batters Queensland.
Mercator mining Indonesian seam Indian owner's shares up on plan to invest in coal mining infrastructure.
Maersk re-opens in Egypt Danish giant's Maersk Line, Safmarine and Damco back in business despite continuing unrest.
No sex please, we're Canadian BC Ferries passengers barred from accessing sex education and abortion information websites via wi-fi.
Clarksons closes funds Loss-making freight and shipping hedge vehicles wound up by London broker with immediate effect.
Ports America steps up Seagirt upgrades Ports America is ahead of schedule and expects to complete modernizing the Port of Baltimore's Seagirt container terminal by 2012, Chief Executive Officer Michael Hassing told a port industry conference in Tampa, Fla., on Tuesday. The terminal ope...
FMC reviews 22 OTI license applications The U.S. Federal Maritime Commission has received 22 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from CBM Global Freight Corp., Englewood, N.J. (Seung "Brian" H. Hur, vice p...
Damco names ocean head for Europe, Med, Africa Damco, a logistics services subsidiary of A.P. Moller - Maersk, has appointed S'ren B'low Andersen to head of ocean carrier management for Europe, Mediterranean and Africa. Andersen has worked in the logistics and shipping business in Australia, Gh...
Flowers leads UPS's global forwarding unit UPS has named Stephen D. Flowers president of UPS Global Freight Forwarding. Flowers, formerly head of UPS's Americas Region, succeeds Ken Torok. He has worked at UPS for 30 years. In his new role, Flowers will be responsible for the global strate...
UPS Capital opens Colombia, Peru offices UPS Capital, the financial services arm of UPS, has expanded its Latin American presence by opening new offices in Bogota, Colombia, and Lima, Peru. By using in-country representatives to staff the offices, UPS Capital said it will be able to offer...
ICC: Counterfeits to reach $1.7 trillion by '15 The International Chamber of Commerce released a report at the 6th Global Congress on Combating Counterfeiting and Piracy on Wednesday that reported the global economic and social impacts of counterfeiting and piracy will reach $1.7 trillion by 20...
Prager named CEO of Envirotainer Envirotainer's board has appointed Chairman Niklas Prager as the company's new chief executive officer.Prager succeeds Thomas Persson, who will remain with the company as senior advisor on special projects and serve on the board. Prager has worked ...
MarAd receives Panama Canal study draft The Atlanta, western Pennsylvania and upstate New York regions are likely to experience a change in Asian container flows to East Coast ports after the Panama Canal opens in 2014, Maritime Administrator David Matsuda told an international trade co...
FMC chairmen in reunion panel Seven former heads of the Federal Maritime Commission joined the agency's current Chairman Richard A. Lidinsky Jr. on Wednesday at the FMC's headquarters yesterday for a mixture of industry analysis, reminiscence, and humor. Helen D. Bentley, Rich...
Eight Chairmen, 50 years Eight Chairmen,50 years Eight Chairmen,50 years...
Hafnia Management's fleet grows Hafnia Management that was set up by the Gothenburg-based shipping and investment group Marinvest in 2010 now operates 25 product tanker and chemical tankers; eleven LR1-vessels (45,000'79,999
Beluga crewmember executed A crewmember onboard the hijacked heavylift carrier Beluga Nomination has been executed by Somali pirates, according to the Round Table of international shipping associations. Several crewmembers were taken aside for
Harley Marine announces new acquisition Expanding its service in the US Gulf.
Marine technology provider to take leading sales role IPCO says the move comes after 'three years of intense cooperation with Wilhelmsen Ships Equipment'.
Fujairah market firms Avails were reported to be 'very tight' for prompt deliveries.
Bunker prices continue to climb In Hamburg, barging tight for buyers wanting prompt deliveries.
Latvian fuel oil dispute escalates Transport minister says impasse is causing 'financial losses' to the state.
WWF report: Global renewable energy by 2050 Major study says global energy needs 'could be provided cleanly, sustainably and economically' and fossil fuels 'could become relics of the past'.
Fuel quality on agenda at IMO next week Debate highlights issues with proposal to the IMO for mandatory quality testing of bunkers prior to delivery.
Aegean to announce Q4 loss Company President says Aegean's growth prospects 'remain intact'.
Customs officials investigate bunker fuel 're-sale' Crew of cape-sized bulker questioned over claims that duty-free fuel has been sold to trawlers.
Bunker prices firm in Tokyo Bay No prices for other key Asian ports on Thursday due to a public holiday.
Australian bunkering ops untouched by cyclone Cyclone Yasi has hit areas where bunkers are not supplied.
Japan bunker demand to 'weaken' in February Fewer bulk carriers are expected to bunker in Japan from Australian ports this month.
Bunker fuels ops boost NuStar's bottom line in 2010 Expects further improvements in earnings of its fuel marketing operations in 2011.
UK greenhouse gas emissions fell sharply in 2009 UK international shipping bunkers estimated to be 7.1% lower than the 2008 figure of 11.4 million tonnes.
- 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
