Floating oil storage market coming alive Enquiry to store crude oil on tankers at sea in the US Gulf is rising, although actual bookings have yet to be finalised, shipping and trade sources said on Friday.
Baltic index up on Russia grain hopes The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, turned positive on Friday, with the market watching Russian grains exports after a ban was lifted.
United Continental launches new routes from hub cities Increasing the recently launched service from NY-Newark to Port-au-Prince, Haiti, from three-times-weekly to daily, United Airlines and Continental Airlines, wholly owned subsidiar...
PIA starts to serve Medina Pakistan International Airlines (PIA) today starts its Karachi - Medina (Saudi-Arabia) service. From 1 to 11 July, the service will operate with either Airbus A310 or Boeing 777-20...
Toronto airport sees strong increase in cargo volumes Toronto-Hamilton International Airport, Ontario, which offers Canada's largest multi-modal cargo facility, has bucked the downward trend for cargo handling with recently released f...
European Investment Bank (EIB) supports with EUR 800 million for extensions of Poland's motorways on priority transport corridors The European Investment Bank (EIB) lends EUR 800 million for the construction of the following two sections of Polish motorways: 36 km of A1 Motorway between Pyrzowice and Maciejów...
Raimund Stüer is leaving TX Logistik After eleven years Raimund Stüer is leaving the German logistics provider TX Logistik AG effective 30 June 2011. As founding shareholder, he was responsible as Chairman of the Boar...
System network of 30 ELVIS partner certified comprehensively The German cooperation for truck loads ELVIS has concluded a comprehensive certification process. During the celebration on 27 June, the system's headquarters and 30 participating ...
GEFCO Benelux launches a track & trace-system for the vehicle transport GEFCO Benelux is launching a pilot project on a system to monitor logistic processes, intended for vehicle transport in the Netherlands. With the system - "GEFCO Arrival at Destina...
Duisburg Intermodal Terminal becomes partner of Trans Eurasia Logistics (TEL) The direct Duisburg - Moscow container rail link "Moscovite" has now been in operation for over a year and operator TEL - a joint venture of the Deutsche Bahn, Russian Railways and...
Etihad Rail invites manufactures to apply for pre-qualification Etihad Rail now invites manufacturers to apply for pre-qualification to be shortlisted and invited to tender on a competitive basis. Etihad Rail was established in June 2009 under ...
Balfour Beatty Rail/Gammon joint venture awarded EUR 30 million contract for civil and track works Balfour Beatty Rail, in joint venture with Gammon Construction, has been awarded the civil and track work contract for the Ulu Pandan and Bishan Depots in Singapore by The Land Tra...
Truck tonnage index fell 2.3% in the United States The American Trucking Associations' (ATA) advance seasonally adjusted (SA) for-hire truck tonnage index decreased 2.3% in May after decreasing a revised 0.6% in April 2011, reporte...
Short Sea: Good parameters essential for growth During the fourth Short Sea Congress in Hamburg, the topics of customs barriers in ocean shipping as well as a solution oriented handling of the forthcoming sulphur reduction in fu...
Change of partners at Trans Eurasia Logistics (TEL) The direct Duisburg - Moscow container rail link "Moscovite" has now been in operation for over a year and operator TEL - a joint venture of the Deutsche Bahn, Russian Railways and...
Legal authorities place the Mory-Group under receivership Due to the inability to pay, most of the French transport and logistics group Mory was placed under receivership on Monday by legal authorities. For the time being all receivables ...
Schenker: More transparency with PIN for the procurement logistics Schenker Deutschland AG impose new standards with the online platform PIN (Procurement Information Network). With that the provider for integrated logistics enables industrial and ...
BDB: no expansion stop on German rivers and canals The German Federal Association for Inland Waterway Transport (BDB) pointed out during an expert hearing in front of the traffic committee of the German Bundestag, that the Federal ...
MOL Enhances Asia-East Coast South America Service (CSW) Mitsui O.S.K. Lines, Ltd. (MOL) announced an upgrade to its Asia-East Coast South America Service (CSW). From July 2011 through 2012, MOL will launch a total of 10 new 5,600 teu co...
Chartering rush ahead of US holiday fails to light up suezmax market Owners unable to raise rates on busy chartering due to overcapacity in the Atlantic
Oil demand not enough to trump tanker overcapacity Saudi Arabia, UAE and Kuwait may be willing to provide additional volumes, but the tanker delivery schedule continues to overwhelm the market
Fonterra launches New Zealand freight revolution Dairy giant's Kotahi initiative attempts to attract bigger ships and reduce freight costs as CMA CGM reinstates Auckland box service
Capesize market could retreat as miners steer clear After two weeks of index gains the party may already be over despite a firm tone in the Atlantic
Rising wheat imports boost world trade High maize prices encourage more use of wheat
Slow rally in capesize rates set to continue Owners securing $8.30-$8.40 per tonne for voyages from Western Australia to China, with talk of reaching the $8.50 level
Vietnam's plan to stabilise economy Major global port operators are investing in facilities as the country's box market posts a 17% rise in volumes for 2010
DCT Gdansk celebrates a million teu Container unloaded from Emma Maersk is millonth box since terminal opened three years ago
Antwerp lays out a holistic road map for development Total Plan puts emphasis on the entire logistics chain and the customer's role within it
Rowan searching for a deal Hunt is on for new orders for offshore drilling platforms and acquisition opportunities
Rig builders benefit with newbuilds in demand Utilisation rates above 90% with high-specification jack-up rigs, deepwater semi-submersibles and drillships all finding work
Box carriers face further losses on Asia-Europe As rates plummet and capacity rises, it is inevitable more services on the Asia-Europe trade will have to be suspended
Why is it so difficult to save lives simply? Scarcely a week goes by without a fatal accident in an enclosed space on a ship, but common sense measures to cut the death toll are ignored
Prokopiou confirms Seatraders' first boxship orders, at $140m Tanker and LNG owner has swiftly rebuilt the fleet of often-overlooked dry arm
Finance baton passes to China CDB on track with Aegean Baltic Bank and Maersk, while China Exim also targets Greece
Boskalis offloads terminal interests Sells package of oil and gas terminal activities and eight anchor handling tugs for $450m to Lamnalco
Maersk and MSC spearhead new cargo safety drive Information on dangerous practices and incidents to be shared across the industry
Ceres LNG outsources maintenance to Wärtsilä Deal marks continuing trend to find engineering skills outside core shipboard competence
CMA CGM boosts green credentials French line purchases 18,000 additional eco-containers bringing total to 10% of box fleet
Royal Fleet Auxiliary is no easy target Commander issues warning to private shipping companies eyeing its business
Greek owner to test Cargill towing kite Anbros Maritime's handysize bulker Aghia Marina to be fitted with SkySails system
Port Botany sees 10th consecutive annual growth record Box throughputs up 6.1%, while container volumes up 5.7%
Blohm+Voss sale collapses Owner ThyssenKrupp says commercial opportunities that justified deal with Abu Dhabi Mar have now faded
K Line wants to take its time before committing to very large boxships But analyst warns stalling to gauge future growth in cargo volumes is not without risk
Chinese banks vie for larger slice of ship finance pie Overseas push by China Exim and Sinosure reflect new engagement with foreign deals
A rock and a hard place Freight forwarders claimed recently that there are not enough trucks left in Europe to support a modal backshift away from ships, but that is missing a key point
Nautilus to form Swiss section Talks on collaboration also being held with UK unions representing maritime, railway and road transport workers
SITC volumes and freight rates up but slowdown could be on the horizon Inflation, yuan appreciation and labour costs puts squeeze on Chinese exporters
Third Korea Line tanker heads for US court auction Minimum bid of $42.5m on Blue Jasper
Wärtsilä awarded Ceres contract CERES LNG Services, a Greek ship management company, said today it has awarded a contract to Wärtsilä covering six LNG carriers
Abandoned ferries to be removed from Piraeus SEVEN inactive ferries berthed at the passenger terminal of Greece's largest port are to be removed
Oorja stake to be sold MERCATOR Lines hopes to raise $150M by selling a 30% stake in its Singapore subsidiary Oorja Holdings
EC to investigate Spanish tax scheme THE EC said today it plan to investigate whether a Spanish tax-lease ship financing scheme is compatible with EU rules on government aid
Havila pricing scrapes bottom of range HAVILA Shipping, the listed Norwegian operator of offshore vessels, has completed a private placement of 2.56M new shares at 52.50 kroner ($9.50)
Ashes to ashes for Panamax coal cargoes COAL DATA provider IHS McCloskey told Fairplay today that China is increasing cargoes of coal with high calorific value from South Africa and Australia
OSM manages Maersk ships NORWAY'S OSM is taking over management of six Maersk Line box ships in the Philippines, its first such deal with the Danish group
Suitor, declare yourself SINGAPORE securities company DMG & Partners warned today that port operator Portek's unnamed suitor should soon declare its intentions
Late Dalrymple flood recovery warned PROJECTIONS for Dalrymple Bay Coal Terminal indicate that full recovery from Australia's January floods is now not predicted until 4Q2011, IHS McCloskey reported today
Supramax ballasting rises SOFTENING Supramax rates are forcing several owners to ballast vessels that normally operate on India/Richards Bay routes
U.S. Factory Index Inches Upward, China Slips Manufacturing growth in the United States accelerated in June for the first time in five months, according to the Institute...
APL Plans Chicago Intermodal Terminal Container shipping line APL is building an intermodal container terminal in Joliet, Ill., to strengthen its transcontinental network in the...
Q&A: Ocean Carriers Implementing No-Show Fees Editor Peter T. Leach gives a preview to his upcoming story in the July 4 issue of The Journal of...
Seattle Box Imports Dive 27.8 Percent Container imports at the Port of Seattle fell back 27.8 percent in May from the same month a year ago...
UPS Freight Hikes Rates 6.9 Percent UPS Freight will take a 6.9 percent general rate hike Aug. 1, a move that could signal a stronger across-the-board...
Panalpina Aims to Boost Logistics Market Growth Panalpina, the Swiss global forwarder and logistics group, vowed to outperform market growth in air and ocean freight and logistics,...
Customer Location Central to DC Choices, Shippers Say Locating close to customers often is more important than tax and financial incentives in choosing distribution facilities, shippers told The...
Global IT Spending Forecast Raised The Gartner research group raised its projection for global IT spending this year, saying the industry is absorbing the impact...
Surcharge, Freight Rate Updates for June 27-July 1 Hapag-Lloyd announced a steep hike in its "war risk surcharge" on all cargo moving to and from ports in Libya. The...
The Lure of Inland Ports Last week, we launched a new Journal of Commerce event in Chicago, the Inland Port Logistics Conference. The name might...
Broken Seal, Broken Trust Q: We are a motor carrier and have a major customer who has some rigid ideas about the importance of...
3PLs Linked In Ken Kowal is one of a small but growing number of logistics professionals wired into social media. Prior...
In Stock, Out of Sync Inventory management has a dark secret: Forecasting isn't only worthless; it also exacerbates the very problem it was designed to...
Smart Ways The Teamsters union and some environmental groups have been pushing for a federal solution to clean-trucks standards at the country's...
Forwarder Leschaco Names Malambri US Chief Freight forwarder Leschaco named Mark Malambri president and CEO of the Germany-based company's U.S. operations. Malambri is joining...
NYK Drops Chassis in Oakland, Minneapolis NYK Line is extending its plan to phase out chassis services, dropping the equipment provision in Oakland and Minneapolis for...
Baird Drops Coverage of YRC Worldwide Baird Equity Research is dropping its coverage of YRC Worldwide, as the trucking giant heads toward a financial restructuring that...
Reef protection in place Surveillance system extended to whole of Australia's Great Barrier Reef after bulker grounding last year.
Gard wins Rita legal round Skirmishing over costly windstorm losses in the Gulf of Mexico continue in London court.
Bye bye, Pipavav Shipyard And hello to Pipavav Defence and Offshore Engineering, as Indian yard changes name and focus.
Spain under microscope Europe investigates legality of leasing scheme for ship purchases using tax relief.
Iran violation costs Gen Re Payout to Steamship Mutual to reimburse NITC tanker claim falls foul of US sanctions.
Yards get more time Canada extends deadline for four shipbuilders to submit bids for $35bn of newbuilding contracts.
Money beats being broke A master of the universe and a humble shipowner speak, the trade off between time and money in ransom negotiations and Noah's Ark runs into trouble again.
Cargill picks Anbros Trader to put Skysails kite on Greek owner's chartered bulker, the biggest vessel yet to fly the green flag.
Tanker crew rescued UK warship takes ill seafarers from small UAE-owned vessel that had lost power and was taking on water off Oman.
Globus grabs more Greek owner sells $22m of shares in follow-on offering to fund supramax buy.
Ceres signs with Wartsila Finnish engine builder picks up five year maintenance contract for six LNG carriers.
Boskalis sells AHTS ships Dutch dredging group offloads subsidiary Smit's terminal and offshore ship operations to 50%-owned unit Lamnalco.
$3.8bn and counting... Having spent a fortune on massive Triple-E boxships already, Maersk eyes more orders.
Havila pockets share cash Norwegian company raises NOK 198m to take over five jointly owned platform supply ships.
DNA database for pirates UN anti-piracy group CGPCS aims to have data bank on Somali gunmen up and running next year.
B+V sale collapses Germany's ThyssenKrupp ends talks with Abu Dhabi Mar over transfer of merchant shipbuilding in Hamburg.
Teekay wins FPSO work New York-listed owner fixes out $1bn Samsung newbuilding to BG Norge in the North Sea.
Rose retires from Dahlman New York shipping bank confirms TradeWinds report of management shakeup, replacing chief executive with chairman, Kim Fennebresque.
'Complicit in Iran's strategy' 'Complicit in Iran's strategy' 'Complicit in Iran's strategy'...
Thieving by rockets' red glare Freight Watch International warns that the 4th of July weekend has the second-highest rate of cargo theft for any weekend of the year -- second only to Thanksgiving -- over the past five years. In a bulletin this week it said holidays can cause lon...
Group asks Maersk for total pullout from Iran Following Maersk Line'sannouncement earlier this week that it was ending shipments to three Iranian ports , the pressure group United Against Nuclear Iran (UANI) is asking the world's largest shipping company to completely end business in Iran. ...
CSAV in talks with MSC, CMA CGM Chilean shipping company CSAV saidit is negotiating with Mediterranean Shipping Co. and CMA CGMabout joint operating agreements or consortia in some services. It said services being discussed include routes between Asia and Africa, Brazil and the M...
NYK ends chassis in Minneapolis, Oakland NYK Line North America said it will no longer provide chassis in Minneapolis and Oakland for import and export containers moving merchant haulage bills of lading. There will be no change to the chassis provision for carrier's haulage shipments NYK...
Jumbo expands representation in Germany Dutch heavy lift shipping company Jumbo Shipping has opened a representative office in Bremen, Germany, in cooperation with breakbulk and heavy lift shipbroker Coli Schiffahrt & Transport KG. The new office, Jumbo Agency Germany GmbH, aims to furth...
DOT claws $527 million for TIGER III The U.S. Department of Transportation announced Thursday it has made $527 million available for a third round of merit-based, competitive TIGER grants to improve infrastructure. Projects must demonstrate their ability to meet one or more criteria,...
Gen Re settles Iran penalty The U.S. Treasury Department said General Reinsurance Corp., based in Stamford, Conn., has paid $59,130 to settle liability for apparent violations of Iranian Transactions Regulations. Treasury's Office of Foreign Assets Control (OFAC) said the ap...
APL builds intermodal yard near Chicago Liner carrier APL said Thursday it has purchased land in Joliet, Ill., to develop a new intermodal container terminal. The 43 acres of space was acquired from CenterPoint Properties within the CenterPoint Intermodal Center, the largest inland port...
Fujairah market stable Deliveries available for supply in Durban between July 5-11.
Rotterdam prices steady Avails tight in Hamburg.
World's largest maritime surveillance system in operation Aim is 'to deter shipping companies and their crews from engaging in unsafe and irresponsible actions'.
Global MBM deal to cut maritime carbon emissions 'unachievable' EU source says it is 'unrealistic' to expect MBM 'this year, next year or the year after that.'
The future of market based measures IMO's new secretary general can't be seen as using his position to push Japan's MBM proposal.
Warstila signs maintenance contract for dual-fuel engines 'Dynamic Maintenance Planning offers owners a significant reduction in operating costs,' says engine builder.
Dan-Bunkering celebrates senior trader's 25th year Company holds reception for Jesper Juhl.
Dry bulk carrier to be world's largest kite-powered ship System will be installed early next year and will then be 'up and running in a matter of weeks'.
Bunker prices falling as week closes Demand mixed across major Asian ports on Friday.
South China fuel oil imports down 35% 97% of the fuel oil imports were for supporting bonded bunker operations at South China ports.
Indian fuel oil exports to East Asia up 50% Cargoes sold at strong premiums due to generally tight fundamentals.
Indian shipping firms brace for 'tough times' on rising fuel costs Industry expects around 20% hike in operating costs.
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