CMA CGM bonds flag default risks Bonds and derivatives tied to CMA CGM, the third-largest container line, are signalling that the company has a nine in 10 chance of defaulting as the slowing global recovery pushes freight rates to about zero.
SIA launches new freighter service to Jakarta SIA Cargo, Singapore Airlines' freight division, is starting a new freighter service to Indonesia's capital Jakarta today. The weekly service is operated with a B747-400F.
IFB expands connections between Rotterdam and Antwerp IFB has added the RSC Rotterdam terminal to its direct connections between Rotterdam and Antwerp. The pan-European intermodal operator is expanding its portfolio with a connection ...
Multilingual signs on motorways in India The ministry for roads and motorways has said that signposting is to become multilingual on Indian motorways. It is planned to provide information panels on motorways in Hindi, Eng...
USA: Caltrain recommends new operator to run train system Caltrain management has negotiated a proposed contract with TransitAmerica Services Inc to operate the peninsula commuter rail system and recommended the contract for approval to t...
New general manager for Simarco Simarco, one of the UK's leading independent freight and logistics firms, has enhanced its appeal to retail clients by appointing Trevor Scott as its new general manager. Scott has...
FedEx Freight expands services in Mexico FedEx Freight, a subsidiary of FedEx Corp, is set to serve three additional markets in Mexico. With new service centres in Toluca, Puebla and Veracruz, the LTL company has reduced ...
Kuehne + Nagel opens automotive centre in India The global logistics provider Kuehne + Nagel recently opened an automotive solution centre in Pune (India), thus meeting growing demand for specialised logistics solutions for the ...
DHL opens Chinese solar panel centre in the Netherlands DHL has opened a European distribution centre in Moerdijk (Netherlands), for solar panels manufactured in China. DHL will provide end-to-end supply chain services, from transport a...
Japan helps construction of road bridge between Tanzania and Rwanda Tanzania's ministry of finance has announced that Japan is financing a grant worth JPY 1.86 billion (USD 24.2 million) to construct a bridge connecting Tanzania with Rwanda, to hel...
World Airways starts flying for Asiana World Airways, a subsidiary of Global Aviation Holdings Inc, has reached an agreement with the Korean carrier Asiana Airlines to operate a Boeing B747-400 freighter on a full-time ...
Direct flights between Serbia and Australia Serbia and Australia signed an MOU in Belgrade last week allowing direct flights between the two countries. This document is based on the principle of free competition and allows a...
Russia needs to use ports in Ukraine and Baltic states Russia may have to use ports in Ukraine and the Baltic states to export as much as 23 million t of grain, if harvests continue to be strong this season, Rusagrotrans, the country's...
ElbePort Wittenberge open for trimodal operations to Eastern Europe ElbePort Wittenberge recently started operations as a multipurpose terminal. Thanks to its geographical location between Hamburg and Berlin as well as its trimodal connections to r...
Foreign companies interested in port of Eilat The tender for the sale of the small Israeli Red Sea port of Eilat has triggered significant interest among investors. As the Israeli authority for state-owned companies announced,...
India seeking private investors for the construction of seven ports Chronic transport bottlenecks have prompted India to woo investors to build seven new seaports. According to the government's ideas, these creditors should contribute about two thi...
Indian government tightens restrictions on older vessels Collision in Mumbai port spurs crackdown on vessels over the age of 25
Flynn quits as Omega chairman Embattled Greek tanker owner cites possible conflicts as US broker pursues other opportunities
Tonnage over 25 years old still makes up 25% of calls Decline in elderly tonnage entering India's ports has been minimal over the past four years
A life less ordinary After a career that seems more like a movie script, Jacques Le Fur is the only foreign master on Halong Bay in Vietnam
Baltic Exchange suspends Syria aframax route on EU sanctions Cross-Mediterranean rate is temporarily replaced with Turkey-France voyage
World Ocean Council urges members to start making a mark More green accountability needed as growing number of NGOs try to influence shipping
Bergen Group moves to soothe shareholder fears New management goals include a fresh focus on shipbuilding and a drive to build competence in the far north
HHI says drillship owners more confident about yard's own medium speed engines Company has won orders to install 98 engines into 15 vessels, nine of which it is building
VLGCs set for rate rise after Middle East holiday lull Chartering activity picks up after Eid holiday, with vessels tentatively fixed at rates above previous market levels
Shipping is still mired in a global recession The major stumbling block to any recovery is the shipbuilding capacity in South Korea and China
MSC France in talks to buy cancelled Libyan cruiseship Half-complete vessel at STX Europe yard in St Nazaire was halted after GNMTC defaulted on payments
CSAV seeks partner as losses soar Directors in talks with other lines about Chilean company's container shipping business
Three fresh capesize sales reported Lift in secondhand activity coincides with chartering market boost
UK faces legal challenge over emergency cover scrapping Opponents argue decision in breach of international treaty obligations and domestic law
Bulkers sold for scrap in India maintain high price levels Market still anticipating improved demolition rates over the coming weeks
Tristar Shipping's vessels arrested Small Dutch cargo carrier set for collapse after bank impounds assets
GL fleet tops 100m gt mark Classification society claims 40% of global boxship fleet
Banks force HCI Capital fund to sell tanker Disposal of Hellespont Trust is further sign of lenders' pressure on ailing KG sector
Freight forwarders expect volumes to rise in fourth quarter Danske Bank's index rises despite slight dip in volumes
Major Libya ports open to shipping Inchcape says it only awaits confirmation after EU lifted sanctions
CSAV's future on the line What happens next to CSAV could have repercussions for the whole industry. Is this the start of another round of consolidation?
Greeks' interest in boxships boosts GL Switch of focus by owners in Greece prompts Germanischer Lloyd to increase its presence in the country
Staff shortages close Sullom Voe Spending cuts leave UK's biggest tanker port unable to provide vessel traffic services
Pacific Basin chief executive Nyborg resigns Klaus Nyborg will leave the company in March 2012 in order to return to Denmark
Indian government under fire for 'indecision' on shipping State auditor condemns lack of level playing field on tax
Russian class society suspends Greek office RS Hellas faces allegations of falsification of certificates affecting 16 vessels
Ageing Frontline suezmax tanker up for sale Estimate of $13m for 17-year-old ships would be a 75% fall from$50m paid three years ago
Safety is worth the money Word of a legal challenge to the decision to terminate emergency towing vessel cover around the UK coast is welcome
Benakat to buy into BLT subsidiary Indonesian oil firm to take 10% stake in Buana Listya Tama
Sheer size of insurance market revealed NEW FIGURES from the International Underwriting Association have revealed the London company insurance market generated £40Bn ($64.5Bn) of premium income last year
Greece alleges false papers from Russian Register GREECE has reportedly accused the Russian Register of Shipping of issuing false certificates through its Piraeus office
Coal stockpiles are mounting in China CHINESE coal importers are continuing their buying boom, ensuring that Capesize rates stay high even as iron ore imports drop, IHS McCloskey reported today
Watchdog finds Delhi has neglected shipping INDIAN investigators issued a report to Parliament today that severely criticised Delhi for failing to spur shipping growth
Fight flares on call to relax India port rules A PROPOSAL in India to allow coastal foreign ships to load and unload containers has sparked a ports squabble
Grounded bulker's cargo being removed WORK BEGAN this morning on transhipping cargo from the bulker Angel 1, which grounded on Mauritius coral exactly one month ago
Storm disrupts Gulf of Mexico production A STORM reportedly shut down about three-fifths of Gulf of Mexico oil production and 44% of gas output over the weekend
CSAV seeks $1.2Bn injection CHILE'S CSAV said it will seek a capital increase of $1.2Bn at an October shareholders meeting
Box recovery unwinds A MILD recovery in long-haul box rates has unwound, brokers said today
Embiricos grabs bargain VLCC GREECE'S Embiricos shipping dynasty has reportedly snagged another bargain VLCC, brokers told Fairplay today
Gibson: beware VLCC quick solution A CALL by Frontline for VLCC owners to accelerate scrapping of the older tankers has drawn a warning about how that would affect prices in the sector
Breaker buying frenzy erupts MONSOONS are ending this month, so Indian breakers have gone on a buying frenzy, yet their prices - and those of their rivals - remain unchanged
CMA CGM Boosts Gulf Bridge Express Service CMA CGM is upgrading its Gulf Bridge Express service linking the Gulf of Mexico, Mexico and the Caribbean with the...
CSAV Seeks $1.2 Billion Capital Injection Financially ailing Chilean ocean carrier CSAV said it will seek a $1.2 billion capital injection in October as it sank...
FedEx Opens Its Largest China Facility FedEx Express, in a significant expansion of its Asia operations, opened its largest express facility in China. The...
Merge Ahead Pacific Coast-based Gordon Trucking is pointing its business toward the East Coast. The Pacific, Wash.-based truckload carrier is acquiring Central...
Trying to Build a Better Carrier John Simone spent his fifth day as president and CEO of LinkAmerica meeting the people who may hold the key...
New Beasts of the East With two major double-stack corridor projects under way, eastern rail giants Norfolk Southern Railway and CSX Transportation plan to offer...
Labor's New Tune On being elected president of the International Longshoremen's Association, basked in the applause of union delegates to the strains of...
'Why Not Minot?' Distribution planners looking for the ideal location to build an inland port probably wouldn't zero in on Minot, N.D., but...
Carriers Challenge NY-NJ Port Fee Ports around the United States are anxious to encourage greater use of intermodal rail for inbound shipments, but when does...
For Whom the Bridge Tolls Trucks drove through bridge toll gates an estimated 416,065 times last year to reach the New York Container Terminal on...
Liquidated Changes Customs has a storage problem, and how it is adapting will dramatically affect importers who file paper entries. ...
Budget Decisions Churn Waters The battle over the U.S. debt will affect Americans and government spending for a long time, and will mean major...
Freight Carriers Seek to Derail Amtrak Fines The freight rail industry is fighting a regulation that allows the federal government to fine Class I carriers if Amtrak-provided...
Dollars for Infrastructure Even before President Obama could unveil a list of new proposals to bolster the economy, his administration this summer was...
The Terrible Day When I woke on September 11, 2001, I faced what I regarded as the world's most tedious commute, from my...
TSA Sets Air Cargo Mandates The law that created the Transportation Security Administration gave the agency jurisdiction over all cargo security. That may be true...
Bonner's Freedom to Act Robert C. Bonner was still the nominee to be customs commissioner in 2001 when terrorists attacked the World Trade Center...
Is terminal capacity set to stymie box growth? Despite generally poor peak season cargo flows, especially on the main east-west trades, and growing fears of a double-dip global recession, there are genuine concerns that prospects in the container shipping industry could be severely curtailed by a lack of handling capacity in the ports.While this year has seen significant new investment in container terminal projects, following the suspension and termination of several schemes throughout 2009 the pace of development has still not caught up
Prices fall in Fujairah MGO deliveries were available from September 12-19 in Cape Town.
MGO sulphur average in the US below 2015 ECA limit Viswa Lab says 'not even one' bunker fuel sample in 2010 exceeded global sulphur limit.
European bunker markets soften Everyone agrees that 'into ship' numbers should be lower, a Rotterdam player tells Bunkerworld.
Novorossiysk port borrows $110 million for fuel oil terminal Loan will be used to complete the building of Black Sea's largest fuel oil hub.
New studies look at health implications of ultra-fine particles Heart disease in communities downwind from Los Angeles 'may be related to effluent from ocean-going ships', according to air-quality researchers.
Soot is 'key factor' in global warming Shipping could come under new pressure to cut its soot emissions.
Optimal trim gives 'instant' bunker savings German cruise operator extending use of Dynamic Trimming Assistant.
Russia predicting changes to crude and oil product exports New duty regime from October 1 could see Russia's crude exports rise by 10%, mainly at the cost of fuel oil.
New hybrid ferry launched in the US Vessel is 'great example of the growing importance of sustainability and alternative fuels' says mayor of Bridgeport.
Bunker fuel washed ashore near Cape Town Oil leaking from bulk carrier that grounded two years ago.
Double-digit losses for Asian bunker prices Demand 'mixed' in key Asian bunker ports.
Hyundai Oilbank launches heavy oil upgrading unit New unit makes it Korea's leading refiner in terms of fuel oil conversion capacity.
Typhoon delays bunker deliveries at Japanese ports Delays expected for the next few days, traders say.
New Singapore-based credit management firm opens Marine consultancy firm specialises in credit management, due diligence type counter-party risk and project management.
IBIA Asia to appoint new chairman Managing director of surveying firm expected to take over Simon Neo's role.
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