Boom seen for US ports catering to Japan Longshoremen at ports in Washington state and Vancouver are set to load more timber and lumber onto vessels destined for Japan as the world's third-biggest economy rebuilds from a US$220 billion natural disaster.
Anchor Ship may double its fleet Anchor Ship Investment Co, Japan's largest ship-fund manager, may more than double its fleet to as many as 50 vessels because of rising imports of coal and iron ore in China and India.
Owners pay clients to hire supertankers Supertanker owners paid clients for a second day to charter vessels on the industry's benchmark route as vessel supply continued to outpace demand.
India probes 'ghost ship' grounding on Mumbai beach
Schiphol cargo growth continues in first half Amsterdam Airport Schiphol has continued to post healthy cargo growth throughout the first six months of 2011. Overall cargo tonnage handled through the airport stood at 753,073 to...
Bangkok Flight Services awarded IATA ISAGO certificate Following the successful completion of its corporate and station audit in Bangkok, Thailand, Bangkok Flight Services (BFS), a joint venture between Bangkok Airways and Worldwide Fl...
Wim Bosman lauches Eco service Within the context of sustainable logistics, Dutch logistics group Wim Bosman, based in 's-Heerenberg, aims to support customers in achieving their sustainability goals. This means...
Norfolk Southern post all-time net income high in Q2 Southern Corporation reported record second-quarter net income of USD 557 million, 42% up on the same quarter in 2010. Railway operating revenues rose 18% to USD 2.9 billion, a sec...
Hungary's Budapest-Székesfehérvár railway line to be equipped with ETCS The Budapest-Kelenföld to Székesfehérvár railway line is part of pan-European railway corridor V and is to be equipped with the ETCS train control system. Nemezeti Infrastrukt'ra...
Samskip ratchets up activities and invests in Duisburg The international logistics company Samskip with its subsidiary Van Dieren has been committed to the Port of Duisburg for many years. Now duisport is building a new combined transp...
MOL: on-time arrival performance results for April-June 2011 MOL recently updated on-time arrival performance results for April-June 2011 for the major east-west trade lanes for its quarterly report in an effort to upgrade and improve the qu...
Mandatory advance booking for Estonia-Russia border crossing As of 1 August, all vehicles travelling from Estonia to Russia require a mandatory advance electronic booking of a place in the queue at the border crossing. The new rule applies f...
2010 cargo volumes hit record high Airports Council International (ACI World), the global association of airports, this week released its World Airport Traffic Report 2010, presenting data from more than 1,300 airpo...
DP World: excellent Q2 2011 Dubai Ports World has announced that its global portfolio of container terminals continued to build on its excellent start to 2011, with the momentum carrying over into the second ...
Newly listed TNT Express reports lower operating income Recently listed Amsterdam-based TNT Express has reported strong performance in the EMEA region. The company's earnings in Brazil are on track to meet the 2012 half-year target desp...
Toll Group acquires German ocean forwarder Andree & Wilkerling Australian transport and logistics giant Toll Group has added to its global forwarding business with the purchase in Germany of ocean forwarder Andree & Wilkerling (AWG). The b...
BBA Aviation appoints David Best as president of Asia Pacific BBA Aviation, the leading aviation support and aftermarket services provider, has announced the appointment of David Best as president, Asia Pacific. In his new role, he will be re...
Middle East-Asia VLCC earnings plummet to fresh lows Brokers question whether owners can survive as the sheer volume of ships overshadows growing cargo demand
Transpacific freight rates dive as lines chase cargo Freight rates on the transpacific trade lane nosedived this week
Platou forecasts boxship market will improve in 2012 Charter rates at present still under pressure as multiple owners make offers for business
CMA CGM transforms Marseilles' skyline Jacques Saadé has trumped industry peers with the view from his office eyrie
US Bill could bar class from blacklisted countries Surprise move could see classification societies being banned from working in the US
Cost of emissions tax will be passed on to customers, says shipper groups ESC's Nicolette van der Jagt says incentives and rewards scheme would be more effective
German owners edge closer to use of onboard armed guards Security experts say step is two to three months away, but cautious shipowners would prefer federal forces onboard
Disillusion grows over anti-piracy measures Four percent of owners admit to paying ransoms
Life is too complicated for the God Complex Decisions should be made and strategies built the way that life itself has evolved, through a process of trial and error
Credit Agricole guns for Seaarland companies Revelations emerge of ship arrests and unpaid crew as Marco Polo gets eight-day window to continue as a going concern
A miner's view of quality shipping We should applaud influential mining companies that are building a solid presence in shipowning for all the best reasons
Sovcomflot boss joins alarm over crude tankers Russian owner is well placed to weather the storm, but others may not be so fortunate
Diamond S purchase signals market confidence Investors express backing for the investment decision and its timing
Narrow escape from US debt default will not stop rot Trade and shipping capacity will still be hit, despite deal by US Congressional leaders to raise the debt ceiling
Europe's grip on cruiseships Aida Cruises has ordered two cruiseships in Japan, but European yards possess so much fit-out expertise that any migration of shipbuilding eastwards is likely to be drawn-out
IRISL leads second EU sanctions challenge and denies Iran nuclear link Group of 36 'affiliates' of Iranian line attempt to lift assets freeze and restrictive measures
Stella Marine and Albis Shipping in joint commercial management deal Blue Sea Tankers will focus on product tankers in handysize and medium-range
Diana Containerships draws close to acquiring sixth vessel Executives say more boxships seen for sale but no notable softening of prices
Dover welcomes fresh guidelines on sale of UK trust ports Department for Transport declares four "essential criteria" covering local participation, fair competition, fair price and future investment
Dry bulk value writedowns hit TOP Ships Below breakeven rates and gloomy market outlook prodded owner to sell ships
Aida orders cruiseships from Japan Germany's shipbuilding flagship Meyer Werft loses out as Mitsubishi Heavy Industries wins its first order from German operator
Pacific Basin profits plummet on lacklustre market and ro-ro loss Operator says handysize daily net of $13,660 compares favourably with $10,530 spot rates
The proper course Ship masters are the best judges of whether they need and can benefit from using a deepsea pilot, and companies should leave the decision in their hands
Costa Crociere puts in another order at Fincantieri's Venice yard Vessel will be cruise operator's largest and is intended to replace existing older vessels
Containerport operators face shake-up in rankings Drewry forecasts Asian companies and Turkey's Yildirim to break into top 20
Waigaoqiao back-ends contract to win jack-up entry Chinese yard accepts nominal 1% deposit to gain a foothold in high end of market
Ship runs aground for second time Karin Schepers refloated after going aground in Cornwall
SembCorp Marine bullish despite lower second-quarter profit Profits down 15% to $125m due to revenue recognition
IRISL lawyer predicts a 'speedy' EU trial A LONDON lawyer representing IRISL told Fairplay today that the company expects a "speedy" decision in its favour in its court challenge to EU sanctions
Don't pass the buck on ship emissions THE GLOBAL Shippers Forum urged the maritime sector today to pick up the dinner check when it comes to cutting emissions
Why bank lost faith in tankers SHIPPING analyst Doug Mavrinac told Fairplay today the IEA's release of crude from strategic reserves was a key factor in an investment bank's decision to revoke 'buy' guidance on shares of OSG and Frontline
UK's biggest cocaine haul found at port BRITAIN'S biggest cocaine haul has been seized at Southampton's docks, the UK Border Agency revealed today
Sell-offs sink TOP EVANGELOS Pistiolis-led Top Ships said today it lost $103.5M in 2Q11, mainly because of impairment charges on three bulkers
HPH Trust posts profits HPH TRUST today posted after-tax profits of a HK$1Bn ($128.3M) for the period from 25 February to 30 June, with HK$653.7M in profits attributable to unit holders
Pacific Basin's profits drop HONG KONG drybulk and ro-ro carrier Pacific Basin today blamed tough market conditions for a steep drop in net profits in first half
US court grants shield MARCO Polo Seatrade has been granted interim relief by a New York bankruptcy court, allowing the company to operate while it reorganises
Suitors seen for German turbine terminal BREMEN'S port management group Bremenports today predicted "solid competition" among private investors for a €200M ($286.1M) wind turbine terminal planned for Bremerhaven
Diana Containerships reduces net losses DIANA Shipping's box unit today announced that its net losses were reduced year on year in the second quarter
Noble signs LNG deal HONG KONG's Noble has signed an deal in which the group would buy 1M tonnes of LNG per year from the Gulf LNG project in Papua New Guinea, IHS World Markets Energy reported today
Rio Tinto offers higher Capesize rates BROKERS told Fairplay today that Australian miner Rio Tinto has been offering higher Capesize rates for the Western Australia/Qingdao route to boost FFA rates for the segment
Court grants ONE relief OMEGA Navigation Enterprises has announced that a US court has given it a lifeline by granting "all of the additional relief" requested by the company
Oz port waits climb WAITS AT Newcastle's coal ports are nearing year-high levels today because of wet-weather backlogs
China's coal imports wane BUYERS of coal in China are turning away from international suppliers in favour of cheaper domestic supplies, IHS McCloskey reported today
Trucker Estes Express to Raise Rates 6.9 Percent Estes Express Lines will raise less-than-truckload rates an average 6.9 percent effective Aug. 8, matching rate hikes by many of...
CMA CGM's Low Liquidity Troubles Bond Investors CMA CGM high-yield bonds dropped sharply in Europewan trading on Wednesday after it reported a lower-than-expected liquidity figure, and reports...
LaHood Blasts Congress for FAA Impasse U.S. Transportation Secretary Ray LaHood blasted the U.S. Congress for taking a summer recess before failing to resolve an impasse...
CN Spends $165 Million to Expand Yard Near Chicago Canadian National Railway will spend $165 million to expand a freight yard in Gary, Ind., that it uses to build...
US Container Imports Rise 4 Percent Growth in U.S. containerized imports slowed to 4 percent in the second quarter after rising 9 percent in the first...
MIQ Logistics Buys British-Based TLC MIQ Logistics acquired British third-party logistics provider The Logistics Corporation to expand its operations in the U.K. and Europe. ...
Freight Shipments Down 3.7 Percent in July Freight shipments declined 3.7 percent in July from the previous month, a sign the sluggish economy is slipping, Cass Information...
US Factory Orders Dipped 0.8 Percent in June Orders to U.S. factories fell 0.8 percent in June, according to the Commerce Department, indicating a slowdown in manufacturing, which...
Yang Ming, OOCL to Combine China-India Service Yang Ming and OOCL plan to merge their two China-India-Pakistan services (CPX and CIS 2) into a single loop called...
Entrants Challenge Old Guard Terminal Operators Several financially strong companies, mainly in Asia, are poised to break into the global container terminal market, challenging the established...
Seaspan Takes Delivery of 63rd Ship Container ship owner-charterer Seaspan took delivery of its 63rd vessel, a 4,500 twenty-foot-equivalent unit ship chartered to "K" Line. ...
Diana Containerships Loss Narrows, Revenue Triples Vessel owner-charterer Diana Containerships said its second-quarter loss narrowed to $600,000 from $1.7 million a year ago, as time-charter revenue...
Bremen-Bremerhaven Container, Auto Traffic Soars The German twin ports of Bremen-Bremerhaven boosted first half container traffic by 25 percent from a year ago, outpacing growth...
Trans-Pacific Spot Rates Hit 20-Month Low The average spot rate for shipping a container from China to the U.S. West Coast fell 6.8 percent to its...
JAL Posts $162.8 million Net Profit Japan Airlines posted a net profit of $162.8 million on a consolidated basis in its fiscal first quarter ending June...
India Shippers Blast Congestion Surcharges The Western India Shippers Association says shipping lines and the Indian government share responsibility for the congestion and delays blighting...
Zim Sets Asia-Europe Peak Season Surcharge Zim Integrated Shipping Services imposed a peak season surcharge on westbound cargo moving from Asia and the Indian subcontinent to...
Arkansas Best Swings to $5.3 Million Profit Arkansas Best, parent of ABF Freight System, returned to the black for the first time in nearly three years with...
Tanker titans downed Frontline and OSG stripped of buy tags at Jefferies after one-two from IEA and global economy.
Carnival pens $2bn order Micky Arison-led cruiseship owner books three newbuildings in Italy and Japan.
Noble first for Papua LNG Noble Clean Energy has signed a Heads of Agreement with InterOil and Pacific LNG for the supply of liquid gas from a new facility in the Gulf of Papua.
Qatar Nav nets port deal Unit seals $500m contract with Qatar Petroleum to operate harbour vessels in port Mesaieed.
Mixed 2nd quarter results Arkansas Best in the blackArkansas Best Corp. said Tuesday it had second quarter net profit of $5.3 million, compared to a net loss in the same 2010 period. Tropical reports 2nd quarter operating lossTropical Shipping recorded a $300,000 operating ...
August Feature
Tropical reports 2nd quarter operating loss Tropical Shipping recorded a $300,000 operating loss in the second quarter compared to a $4.2 million operating profit in the same 2010 period. Revenue for the quarter ending June 30 fell to $79.9 from $86 million in the second quarter of 2010. "C...
OOCL, Yang Ming rationalize China/India loops Liner carriers OOCL and Yang Ming have merged two jointly operated China/India loops into one, according to a report this week fromAlphalinerand confirmed by American Shipper affiliate ComPair Data. The two lines have folded their joint CIS service...
Nhava Sheva snarls North America/India service Hapag-Lloyd said Wednesday a vessel on its Indamex service was unable to complete its unloading and loading operations on Monday at the government-run terminal in Nhava Sheva, India's biggest container port, due to the replacement of rail mounted c...
Crowley service to call Tampa Tampa Port Authority said last week a Crowley Liner Services vessel will begin calling the port. It said theCrowley Americaswill offer service to Rio Haina in the Dominican Republic, Port au Prince in Haiti, Manzanillo in Panama, Puerto Limon in Co...
New alliance takes aim at CSA system Sanderson Tom Sanderson, chief executive officer of logistics provider Transplace, has been named chairman of the Alliance for Safe, Efficient and Competitive Truck Transportation. The nonprofit corporation, composed of carriers, shippers, brokers ...
Arkansas Best in the black Arkansas Best Corp. said Tuesday it had second quarter net profit of $5.3 million, compared to a net loss in the same 2010 period. Revenue was $498.6 million for the quarter compared to $411.3 million in 2010's second quarter. The company said it...
OmniTRAX buys California short-line railroad OmniTRAX said Tuesday it had purchased the Stockton Terminal & Eastern Railroad. The 25-mile ST&E is located in California's Central Valley and is linked to the Port of Stockton via the Union Pacific and BNSF railroads. It is located near Intersta...
IFO prices down in Fujairah In Durban, deliveries available for supply between August 5-13.
Bunkers International offering LSFO in Colombia Product available in Cartagena, Barranquilla, and Santa Marta.
Rotterdam and Hamburg markets soft In Piraeus, it was quiet early in the day but the market picked up later as prices started to fall.
Coastal shipping '40%' cheaper than rail Domestic feeder service benefit from focus on hubs.
External: Praxis Energy Agents S.A.
Shipping firm gains interim bankruptcy protection Dutch company believes Chapter 11 filing will help 'restore the company to long-term financial health'.
Opposition to bunker levy grows 'The depth of anti-bunker levy feeling' from shippers' organisations 'too strong to ignore.'
Bulgarian competition watchdog to investigate Lukoil Commission on Protection of Competition to decide if energy sector is operating as a free market.
High viscosity cargoes heading to Singapore Arbitrage volumes to remain low for third month in a row.
STX Europe unveils LNG fuelled cruise ship concept Ship design meets target to reduce GHG emissions by 50%.
Mid-week bunker prices continue to soften Avails of bunker fuel generally sufficient in Asian ports.
'Oil-water' emulsion system lowers fuel consumption by 15% Study reports greater energy output with water emulsion than with straight fuel oil.
Tanker firm continues losses after 'sharp' rise in bunker prices Spot TCE rates for suezmaxes, aframaxes and panamaxes lower by 62%, 47% and 28% respectively, says OSG.
WFS closes Q2 with record performance Company 'excited about prospects for further expansion,' says chief.
Bunker prices mixed as crude falls for third straight day Demand strong on the West Coast, while the East experiences a quiet day of trading.
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