A350 missing from EU's compliance plan The world's biggest trade dispute, an European-US dogfight over subsidies for planemakers Airbus EAD and Boeing, is set for another round after the European Union told the World Trade Organization (WTO) that it stopped past illegal payments, but did not mention aid for the Airbus 350, its latest project.
Ore carrier rents up the most in three months The cost of hiring capesize vessels to load cargoes at Pacific Ocean ports climbed the most in three months last week as mining companies paid more to book ships before Christmas.
Macquarie: Box rates may rise after alliance Container-shipping rates may rise on routes to northern Europe from Asia following a vessel-sharing alliance between the industry's second- and third-largest companies, said Macquarie Capital (Europe) Ltd.
Progress Rail Services opening Brazil assembly plant Progress Rail Services has plans to open a locomotive manufacturing facility in Sete Lagoas, in the state of Minas Gerais (Brazil), to serve the South American diesel-electric loco...
Joint venture for rail production in Kazakhstan An agreement between Kazakhstan Temir Zholy and Arcelor Mittal Temirtau on a joint venture for rail production has been signed in Karaganda (Kazakhstan). The enterprise is oriented...
Tören Lojistik takes delivery of 202 Mercedes units Tören Lojistik, a subsidiary of Von Tören from Gaziantep (Turkey), has taken delivery of 202 Mercedes-Benz Actros 1844 LS units. The company carries out 70% of deep-freeze transpor...
General cargo alliance IDS fit for IFS certification ISD Logistik has become the first general cargo cooperation alliance in Germany to be fully-certified to IFS logistics standards. IFS ensures transparent supply chains for food and...
New chairman for Australian Airports Association Stephen Goodwin, general operations manager of the Brisbane Airport Corporation, has been appointed as the new chairman of the Australian Airports Association. Goodwin, who has bee...
Corendon picks Kargosistem Turkish low-cost carrier Corendon Airlines, based in Antalya, has appointed Kargosistem as its cargo GSSA for its home country. The company will provide sales, marketing, booking a...
Etihad signs accounting deal with Kale Consultants Etihad Airways, the national carrier of the United Arab Emirates, will outsource its passenger and cargo revenue accounting to aviation bookkeeping specialist Kale Consultants in 2...
New Toronto airport authority president and CEO Howard Eng has been appointed president and CEO of the Greater Toronto Airport Authority. Eng is returning to Canada after having worked as executive director at Hong Kong airport ...
FAA issues single operating certificate to UA and Continental United Continental Holdings has received Federal Aviation Administration (FAA) approval for a single operating certificate, marking another step forward in the integration of Unite...
TNT Express official European Film Award transport provider The 24th European Film Awards are again relying on TNT Express, with the latter taking over transportation of films and statues for the Berlin event as official partner for the 15t...
Damco transports Japanese aid equipment to Thailand The logistics and SCM provider Damco has been asked to transport ten drain pump vehicles from Japan to Thailand by the Japan International Cooperation Agency, to help alleviate sev...
UPS to acquire Italian pharmaceuticals logistics firm Pieffe UPS has agreed to purchase the Italian Pieffe Group in support of UPS's ongoing global healthcare strategy, which has seen the company make substantial investments. UPS has opened ...
MSC and CMA CGM sign major partnership agreement The world's second and third-largest container shipping companies, the family-owned lines MSC and CMA CGM, have agreed to form a major operating partnership in several trades, incl...
CSAV denies plans to sell container business The Chilean container line CSAV has denied claims that its container business is up for sale. The company said that it was restructuring its services, without giving too many detai...
Employment for EU-owned tankers under threat from total Iran sanctions European companies' vessels account for 17% of direct seaborne exports
Why Iran cannot be cut out of the international oil market Threat of crude price rocketing on squeezed supply is too great to allow full sanctions against Iranian exports
Europe outlaws Syria insurance in sanctions move P&I clubs and hull and machinery underwriters could be hit
US Gulf middle distillate exports rise 27% on last year Refiners in the Gulf have accounted for most US oil products shipped abroad so far this year
Ghana appointed IMO auditor Defeats rival application from UK
Capesize sold for little more than scrap value Reported sale of 1992-built Carouge for $10m compares with $19.5m paid for a 19-year-old capesize at the end of last year
Obama order exposes owners to risk breaching tougher Iranian sanctions Parcel and product tankers likely to feel the heat of an as yet unclear enforcement strategy
Paragon Shipping put on delisting watch Michael Bodouroglou-led dry bulk operator treads familiar path as share price refuses to rise
Cosalt board recommends Ross offer Offshore safety equipment provider likely to go private
Rate hikes and capacity reductions fail to lift box freight prices SCFI and WCI both post further declines on benchmark routes
Sanctions leave marine insurers in the dark Latest US executive order may stop the provision of certain cover
The EU and the oil ban A united stand by the west would make it more difficult for Japan to continue Iranian imports, and would force China off the fence
Will fortune favour the brave? Jones Act line Matson Navigation braves stormy waters to seek New York listing
Benchmarking box terminals proves a tricky business Equity-teu league table is adjusted by volumes according to the extent of the shareholding in each terminal
Mega boxships need port design to jump into 'next league' Bigger ships and Asia population boom to heap more pressure on ports
Fettering world trade, one step at a time China's dispute with Vale is the latest incident that flags a general drift back to mercantilism
First look at the tools in the toolbox Interferry has examined the options for emissions reduction offered by the EU and found that the sector faces a 'mission impossible' because of the vast cost increases all will require
Deciphering China's giants Cosco Group and CSG have different styles. CSG may have the fresher approach
Chinese communism: May the best state capitalism win Rivalry between shipping giants reflects China's unique take on market economics
Brussels announces further moves against Iranian carrier IRISL Individuals and companies with links to shipping line targeted
Foreign assistance gains momentum in the Gulf of Guinea piracy hot spot International political will to counter a growing piracy threat has grown, but capacity building is a slow process
Suez Canal announces 3% fee hike Three-year freeze to end in March
Matson to get independent stock listing in 2012 Company hopes to use new identity to diversify into new trade lanes
Precious cancels supramax order Dry cargo specialist blames delivery delays at China's Taizhou Sanfu Shipyard
India monitors IRISL cargoship Assa, said to be laden with arms, remains off Lakshadweep islands for more than a month
Dongjiakou Port to build two terminals for valemax ships Plan to handle 388,000 dwt dry bulk vessels waits for nod from China's government
NYSE warns Paragon DRYBULK operator Paragon Shipping confirmed today that it received a NYSE delisting warning tied to its depressed share price
Two more Abbot Point terminals approved QUEENSLAND'S government has confirmed plans for two more terminals at Abbot Point's coal port
Ships diverted by NZ port strike AT LEAST six box ships were held up or diverted today as a four-day strike began at New Zealand's Auckland Port
Pirates release 3 hostages PIRATES have released two US hostages abducted off Nigeria last month from a Chevron-chartered ship, the US embassy in Abuja said today
Philippines ferry breakdown sparks inquiry PHILIPPINE authorities are investigating mechanical problems that caused a ferry to break down in the Cebu Sea this week with 340 on board
A&B to hive off Matson MATSON owner, Alexander & Baldwin today unveiled a plan to uncouple the Hawaii container line from its other businesses
Sri Lanka/India ferry link suspended A FERRY linking India with Sri Lanka has been suspended because passenger traffic was insufficient
4 held in £10M UK port pot seizure UK POLICE have reportedly arrested four men in Dorset after marijuana worth about £10M ($15.68M) on the streets was found in a container shipped to Tilbury's port
Höegh LNG signs deal NORWAY'S Höegh LNG Holdings said today it has signed a Korean deal to develop a scheme in Israel to cover 50% of the cost of two newbuildings
Port accused of gouge MARCHERS today reportedly accused the Russia's Petropavlovsk-Kamchatsky port of monopolist price gouging
Indonesia coal output seen rising INDONESIAN steam coal production is likely to increase next year, producers have indicated at the IHS McCloskey Asia Pacific Coal Outlook Conference 2011
Can the Jones Act be Protected? U.S. domestic ocean shipping has never seen a year like 2011. Two carriers pleaded guilty to price-fixing. One dodged debt...
Cracking Down on Corruption The Foreign Corrupt Practices Act, long the domain of corporate counsels and senior executives, is getting more attention in exporters'...
TSA's Heavy Baggage In a scathing report issued in late November, House Republicans damned the Transportation Security Administration for becoming an ineffective, wasteful...
Splitting the Differences Members of Congress haven't looked this close to agreement on the goals for a transportation spending plan in years, but...
On Time, All the Time Achieving 100 percent on-time delivery performance is a team effort among transportation carriers, shippers and consignees. Parcel carriers such as...
TAPA's Global Challenge It's not easy to secure a truck, and it's even more difficult to come up with global trucking security requirements....
TAPA to Certify Truck Security A new security standard and certification program for trucking could help motor carriers and shippers close one of the biggest...
Hoffa's Next Five Years When UPS executives sit down to negotiate a new five-year contract with the Teamsters union next year, they'll face a...
Be Like Steve Steve Jobs' untimely death, as well as the just-released best-seller biography of this genius, has triggered intense national focus on...
Mobile on the Move Jimmy Lyons has everything in place for strong growth in containerized exports, except for the containers themselves. "We need more...
Containerisation International Yearbook 2012 to be published in December
Rena salvors 'claim 80%' of cargo value
Boxship owners facing a bleaker winter after CMA CGM / MSC marriage With daily hire rates on 4,250TEU-type gearless containerships having collapsed in the space of nine months from USD28,000 to a 'hopeful' USD13,000, owners of this ...
ESC to assist with comparison of European truckers CO2 emissions The European Shippers Council (ESC), in partnership with its Dutch member EVO, has agreed to help manage a European programme aimed assisting shippers to make better ...
Somali pirates release tanker, but not all crew In another twist in the dark world of negotiations between Somali pirate leaders and shipowner representatives, a Singaporean-flagged tanker has been set free after ...
The race is on to save the euro A week today, on December 9, EU finance ministers will meet in Brussels in a make-or-break attempt to agree a temporary multi-billion-dollar bail-out of countries ...
CMA CGM still profitable As with most other carriers, CMA CGM sank into the red in Q3 11. Its revenue increased by 2.8% compared to the same quarter last year, up to USD3,856 million, out ...
CMA CGM and MSC clarify deal MSC and CMA CGM have confirmed that the agreement signed between them yesterday involves a 'broadly-based operating partnership spanning several trades, including ...
Sunoco shuts Marcus Hook Ramped up US refinery closure shakes tanker market as MR products carriers brace for shift in demand.
Navios soars Shares of Angelki Frangou-backed shipping duo cash in on double-digit gains as JP Morgan nod ignites feeding frenzy.
EBRD in Caspian yard deal European development bank to help Turkmenistan build new shiprepair plant in Turkmenbashi.
Chappell's successor crowned Analyst Christopher Combe grabs the helm as banking behemoth reinitiates shipping coverage with note on five leading names.
Hoegh lands Israel floater Oslo-listed LNG outfit chosen to own and operate floating liquefaction unit to develop huge offshore gas reserves.
Hoegh floater gets upgrade Sveinung Stohle-led shipowner adapts LNG FPSO after approach from would-be US exporters.
Paragon on notice US-quoted bulker player joins growing list of owners under fire due to troubled share price.
Jo Tankers confirms buy Norwegian shipowner understood to have paid $27m for 2010-built chemical carrier.
Mexicans take trio Interorient Navigation of Cyprus offloads 2009-built MRs to new owner for Pemex charters.
CSCL opts for more Chinese line reportedly declares options for another four 10,000-teu vessels to add to eight on order in China.
ABS makes Nordic move US class society snaps up security consultancy firm Safetec Nordic.
Freezing point The economy isn't the only thing in the country that's cooled recently as owners give shipyards the cold shoulder.
Yard share deal "illegal" Future control of Russia's Baltiysky Zavod unclear after court rules against stock award to country's Central Bank.
China's yards to merge The Chinese government will oversee the amalgamation of shipyards to spawn colossi.
MarAd report on ship types useful to Navy MarAd has released a report as part of its America's Marine Highways initiative, on designs for vessels that could be used for Jones Act domestic commercial shipping and also be useful to the Navy.
Hackett: MSC-CMA alliance good for the industry But the alliance could reflect some desperation from the two lines, he suggests. "CMA CGM is obviously in some financial difficulties, trying to cut $400 million in costs and selling some ships... while MSC must be impacted by the situation as well."
2 DecBunker prices soften as week ends Crude futures settle higher over tension between Iran and the West.
COP17: Recognising the work of the IMO to reduce shipping emissions News follows the first ever legally binding global GHG reduction regime for an international industry sector.
Prices rising in Fujairah MGO prices up by $31 pmt in Suez.
European markets soften Week saw 'paltry demand' in Rotterdam.
UAE suppliers 'well prepared' for 3.50% sulphur limit 4.50% sulphur product offered a discount compared to fuel that meets the January 2012 limit.
Classification society 'will not cross the line' Source answers charge that societies risk their independence in promoting alternative fuels and energy efficient ships.
Swedish ministers reach compromise on ECA postion Say they will push for stricter sulphur limits throughout the EU by 2015 to avoid competitive distortion.
Cost-cutting 'mega-bulkers' are a 'huge waste' Deploying the 'very large ore carriers' will weigh down 'oversupplied shipping sector'.
IFO prices mixed in Asian hubs Demand mixed at key Asian bunkering ports on Friday.
NOL christens 'largest' 10,000 TEU vessels APL Chongqing and APL Gwangyang first of 32 vessels APL will commission by 2014.
BIMCO to publish slow steaming clause Clause adopted by BIMCO's documentary committee in November at pre-publication review.
DNV updates, releases new fuel saving guidelines New guidelines for tanker, bulker and box vessels.
Weather delays bunker operations in Busan Bunkering 'quite difficult' for most players.
CMA CGM seeks to improve vessel fuel efficiency As part of a 'vigorous action plan' to reduce costs by $400 million in 2012.
Singapore to impose surcharge on non double-hull bunker tankers In line with 'continuous efforts towards fleet renewal,' says the Maritime and Port Authority of Singapore (MPA).
Singapore-based trading platform eyes bunker fuel market Fuel costs have become a 'major exposure' in companies' risk profile, says CEO of Cleartrade Exchange.
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