Baltic index down a tad on CNY break The Baltic Exchange's main seafreight index, which tracks rates to ship dry commodities, edged lower for the week, while earnings for the panamax segment rose due to expectations of firmer trade.
South African truck drivers to strike South African truckers have resolved to strike from 13 February, in a bid to put pressure on employers to agree to wage increases. The decision was taken after a two-day meeting of...
Indian Railways freight revenue grows The Indian Railways earned revenues of approximately EUR 7.1 billion from freight traffic between April and December 2010, a 6% increase compared to the EUR 6.7 billion generated i...
New Pakistan Railways freight link Pakistan Railways has started freight train services from a new dry port. At the inauguration of the hub, 60 container freight trains reached the dry port from Karachi. The dry por...
Rhenus to manage Turkey links with new partner Balnak Rhenus Freight Logistics and the Turkish logistics service provider Balnak have commenced collaboration for direct transport links between Germany, the Netherlands and Turkey. The ...
Iata reports strong increase in international airfreight demand in 2010 The International Air Transport Association (Iata) has reported that the demand statistics for international scheduled air traffic in 2010 showed a 20.6% increase in freight volume...
Logwin first leading partner in Lufthansa Cargo electronic air waybill programme The global logistics service provider Logwin, based in Grevenmacher (Luxembourg), has signed an agreement with Lufthansa Cargo covering the use of an electronic data interchange (E...
ProLogis and AMB have decided to merge The real estate development enterprise ProLogis and the AMB Property Corporation have concluded discussions concerning a potential merger (see Daily of Friday 28 January 2011) with...
Panalpina to integrate long-time Australian partner in Perth Panalpina, a global transport and logistics group headquartered in Basel (Switzerland), is going to fully integrate its partner Apollo, based in Perth (southwestern Australia). The...
Honold closes financial 2010 with increased sales Germany's Honold Logistik group, which is headquartered in Neu-Ulm, reduced the number of people on its payroll in financial 2010 by 100, on account of seasonal vagaries. The year ...
Croatia complies with Icao safety standards The US department of transportation's federal aviation administration (FAA) has announced that Croatia now complies with international safety standards set by the International Civ...
Frank Bünte joins Rickmers Group Frank Bünte has joined the management board of the Rickmers Group, as the company's new chief treasury and risk officer. Bünte was previously with HSH Nordbank, where he was in cha...
Tobias Krüger new Schunck group sales manager Tobias Krüger became the Schunck group's new sales manager on 1 January. Before that he was the assistant of the international insurance agent's board member for sales. His task is...
Geodis Wilson names Christian K'ppel as head of Munich branch The French global freight management specialist Geodis Wilson named Christian K'ppel as the new head of its Munich branch office with effect from 1 February. The freight forwarder ...
Wallenius Wilhelmsen Logistics to promotes zero emissions aims Wallenius Wilhelmsen Logistics (WWL), a global shipping and logistics provider, has plans to award USD 100,000 in grants this year to entrepreneurs working on zero-emissions techno...
PD Ports expanding Teesport container terminal PD Ports has commenced the ground work for the multi-million-pound expansion of its Teesport container handling facility in northeastern England. PD Ports is investing more than GB...
Russian Baltic Sea port of Ust-Luga progressing well The Russian Baltic Sea port of Ust-Luga is set to commence operations in three new terminals in 2011. Maxim Shirokov, the director general of Kompanija Ust-Luga, said that activiti...
APM Terminals Liberia commences operations APM Terminals Liberia has started operations on schedule with the first port call of the "Charlotta". APM Terminals has taken over a 25-year concession agreement to opera...
CMA CGM continues to serve Egyptian ports CMA CGM, the third-largest container shipping line worldwide, has set up a team to follow the situation in Egypt. It will keep in close contact with CMA CGM's teams in the country,...
Canadian Pacific improves business Canadian Pacific Railway increased its revenues by 13% in Q4, with gains across all lines of business. Reported net income in Q4 stood at USD 186 million, an increase of 27%, and d...
Transpacific lines dismiss overcapacity scaremongering Owners insist that cargo demand will improve in line with new vessel capacity
Owners suffer as bunker price soars Vessel oversupply caps rates rises that are needed to counteract increasing fuel costs
Suezmax spot rates on rise this week readily available to load crude oil cargoes in West Africa at the end of February are getting out their horns and are poised to push the spot market up
Floating storage hits two-year low Despite a pick-up in the number of suezmax and long range one tankers storing crude oil and clean petroleum products at sea over the last month, floating storage volumes have fallen to a two-year-low
Firmer panamax rates put the brakes on BDI's slide
Golar LNG loss-maker set for turnaround Spot market subsidiary expected to swing from loss to breakeven in Q4
Growing Somali pirate mothership fleet revealed Fleet totals around 20 vessels and is continually expanding
Shipowners ready to pull plug on Indian Ocean routes Industry threatens to re-route vessels in an attempt to force action on piracy protection
Slippage 'crucial' to box sector health Clarksons Research Services says shipbuilders hold key to industry fortunes
Beating the US sanctions IRISL is not the first ' nor will it be the last ' shipowner to evade sanctions
Delays ease burden The container industry must monitor shipyard activity very closely, and respond accordingly
Genmar to book $60m non-cash writedown Writedown to cover losses on three-tanker sale and leaseback deal
UK government slammed over light dues handling UK government accused of lacking robust leadership over issue
German owners blast piracy re-route plans Shipowners say proposals to avoid Suez Canal and Gulf of Aden not viable
Horizon Lines nears deal on seafarer wages Unions show willingness to consider pay cuts
SCCT operating at 25% capacity Port could return to normal operations by next week
Transparency vital to shipowners survival Owners urged to be open about exposure or risks domino effect from major failure
Tidewater profit falls to $94m Lower revenues and rising operating expenses eat into offshore company's profit
China box volumes boost Matson Operating profit soars 70% to reach $99.4m
IHI's shipbuilding unit returns to profit Japanese construction group posts nine months profit of $231m
Teekay Tankers targets $100m from follow-on Proceeds earmarked for paying down its revolving credit facility
DHT aims for $72m from issue Set to net gross proceeds of $72.2m, pushing its cash coffers to more than $120m
Shipowners face extra crew training costs UK coastguard calls for type-specific training for different Ecdis systems onboard ships
Aberdeen Harbour sees growth in vessel tonnage Rise in North Sea oil rig supply vessels helped port record 1% rise in tonnage 24.2m gt
Kyoei Tanker predicts 44% fall in profits Forecasts full year profits of '110m ($1.3m) compared to '198m in 2009
Lives at risk from bunker fuel fumes IMO group set to debate revision to standard to limit exposure to hydrogen sulphide gas
DHT sale targets $59.2M DOUBLE Hull Tankers said today it expects to net $59.2M from a follow-on public stock sale
US re-exports more LNG THE US re-exported 12 cargoes of LNG in 2010, from just one cargo the year before, according to US Department of Energy data published today
Dredge or lose trade, New Orleans warns NEW ORLEANS officials have urged the US Army Corps of Engineers to dredge the lower Mississippi before trade shifts away to other markets
Liberian-flag ships double over a decade A DECADE after the Liberian flag switched to US management, it has doubled in size to 3,500 ships, the organisation noted today
Pirates abandon redoubt SOMALI pirates have reportedly moved 13 hijacked ships from their base at Garad in the semi-autonomous Puntland region after they were forced out by residents and officials
Bulgaria boosts sea monitor BULGARIA has begun operating a new system aimed at monitoring its Black Sea border and improving maritime safety, IHS Global Insight reported today
Salalah plans port expansion worth $120M OMAN'S flagship port of Salalah reportedly plans a $120M expansion of its box handling capacity
Rubber robbery baffles THIEVES have reportedly stolen more than 700,000 condoms from a shipping container destined for Japan
Melbourne's vehicle sector might be moved AUSTRALIA'S largest vehicle-handling port could lose the trade to a neighbour under plans being considered by Victoria's government
Pakistan to export wheat but not sugar PAKISTAN plans to export 3M tonnes of wheat this year after a bumper 2009-10 crop
Oz weather seen sparking coking coal jump COKING coal prices could rise up to 20% by April to $270 per tonne because of flooding in Queensland, First Securities warned today
US pressure on IRISL WikiLeaked A DIPLOMATIC cable released by WikiLeaks has revealed how the US encouraged other countries to deny port access to IRISL vessels
Hansa Treuhand orders four 4,800teu ships HAMBURG shipowner and KG house Hansa Treuhand is investing in a new generation of 4,800teu box ships
Sokhna's port reopened DUBAI Ports World is today operating its Sokhna facilities in Egypt, which had been suspended in reaction to the country's strife
Disaster rig operator given Oz reprieve CANBERRA will allow Thai oil company PTTEP to continue operating in Australian waters but could cancel licences if it fails to meet strict performance criteria
US, Canada Pursue Trade, Security Overhaul The U.S. and Canada agreed Friday to work more closely together to better focus infrastructure investment needed to speed cross-border...
STB Postpones Rail Competition Hearing to June 22 The Surface Transportation Board is delaying until June 22 from May 3 a public hearing on "the current state of...
LaHood Calls for Substantial Highway Bill Transportation Secretary Ray LaHood says there's a "strong possibility" Congress will send a surface transportation bill to President Obama sooner...
Marine Highways Gulf Operation Ceases One of the most promising ventures in the infant marine highways industry went out of business in January for lack...
Q&A: The Suez Canal and Egypt's Political Unrest In this podcast, Senior Editor of Finance and Economics Joseph Bonney talks with Managing Editor Dana Brundage about the current...
Obama, Canada's Harper to Discuss Trade, Security Cross-border trade, security and energy will top the agenda Friday when President Barack Obama meets Canadian Prime Minister Stephen Harper. ...
Trans-Pacific Carriers See Tight Capacity Ahead Vessel utilization rates in early January in the eastbound trans-Pacific averaged 88 percent to the West Coast and 95 percent...
Lawmakers Target DOT for $4 Billion Spending Cut The Department of Transportation could lose some $4 billion in discretionary spending after House Appropriations Committee Chairman Hal Rogers, R-Ky.,...
Asia Air Freight Rate Index Dives 31.9 Percent Air freight prices out of Asia plunged 31.9 percent year-over-year in December to their lowest point in 15 months, according...
French Ports Shut Down French ports are at a standstill Feb. 4 as dockworkers stage the fourth in a series of four-day nationwide strikes,...
YRC's Zollars Sees Truck Rates Firming Truck rates are "firming," with "more disciplined pricing" across less-than-truckload trucking, said YRC Worldwide Chairman, President and CEO William D....
Philadelphia Container Volume Jumps 18 Percent Container throughput at terminals in the Port of Philadelphia increased 18 percent in 2010 to 264,059 20-foot equivalent units, compared...
HHLA Boosts Container Traffic 19 Percent HHLA, Hamburg's biggest stevedore, boosted container traffic 19 percent in 2010 from a year ago, outpacing its rivals and increasing...
Weather Limits Growth in Payrolls The U.S. unemployment rate fell to 9 percent last month but January snowstorms produced the smallest increase in jobs in...
UASC Adds Egypt Surcharge Middle East carrier United Arab Shipping Company announced a "contingency surcharge" on cargo moving to and transshipped via ports in...
Roadrunner Buys Intermodal Operator for $20 Million Roadrunner Transportation Systems, a less-than-truckload and truckload carrier, acquired intermodal operator Morgan Southern for $20 million in cash. The...
Matson Profit Drops 14 Percent Matson Line's operating profit dropped 14 percent to $11.6 million in the fourth quarter of last year from $13.9 million...
MSC Hikes Rates and Fuel Surcharges Mediterranean Shipping Co. announced a series of increases in freight rates and bunker surcharges, all of which are effective March...
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Callao strike threatens WCSA biggest port operation
French Government launches offensive against port strikes
Samson elected N.Y.-N.J. ports chairman Former New Jersey Attorney General David Samson has become chairman of The Port Authority of New York and New Jersey on Thursday. Samson was nominated by New Jersey Gov. Chris Christie and confirmed by the New Jersey State Senate on Jan. 25. He suc...
Corpus Christi '10 volume up 5.6 million tons The Texas port of Corpus Christi boosted its cargo volume in 2010 by 5.6 million tons over 2009 figures. The port's 2010 end-of-the-year cargo report showed 82.2 million tons. "As the port monitors the cargo reports frequently, the increase on tonn...
$5 million for shore power in Oakland Bay Area Air Quality Management District has approved a $5 million grant for the port''s shore power project. The funds will contribute to the construction of shore power infrastructure at three berths. In December 2007 the California Air Resources...
Port of Montreal, terminals and CN in pact The Montreal Port Authority said it has reached agreements to improve the flow of containers through the port. The agreements are with Canadian National Railway and two container terminal companies -- Termont Montreal, which operates the Maisonneuv...
Panalpina expands into western China Panalpina has increased its presence in western China by opening an office in Chonqging, following its Wuhan service center and Chengdu office. From Chongqing, Panalpina will offer its customers a mix of overland transportation, an extensive globa...
Iranian indicted for illicit metal exports The U.S. Justice Department this week indicted an Iranian citizen and resident for illegally exporting and attempting to export specialized metals from the United States through companies in Turkey to several entities in Iran, including some entit...
Quality Distribution sells stock to reduce debt Quality Distribution, the largest U.S. bulk chemical motor carrier, said Tuesday it has launched a public offering of 4 million shares of common stock at $9.50 per share. Half the stock being offered is owned by affiliates of investment group Apoll...
OMSA names new officers Offshore Marine Service Association has appointed Todd Hornbeck, chief executive officer for Hornbeck Offshore Operators, to succeed Otto Candies III as board chairman. Robert Clemons, vice president and general manager of the Americas division at ...
UASC opens office in Poland United Arab Shipping Co. has opened its own office in Poland, which will operate under the name United Arab Shipping Agencies Co. Poland (UASAC Polska). 'After 17 years of unwavering cooperation and exceptional service, Interfreight has laid the f...
DFDS sells ro-pax to Stena DFDS Seaways has agreed to sell their ro-pax vessel Dublin Seaways (ex Dublin Viking) to Stena North Sea Limited for a sum of DKK 179 million (EUR 24 million
New Asian industry body for tank container owners The Asia Tank Container Organization has recently been launched with the aim to increase the use of tank containers throughout Asia. The board consists of senior officers from several tank
Week ends with higher prices Crude futures head lower on stronger US dollar, and continued unrest in Egypt.
EU commits to help IMO curb global emissions There should be no doubt that Europe must make every effort to help the IMO agree this year on global measures, says Siim Kallas.
New lube oil barge for ARA MTS Valburg is able to carry 11 different products in segregated heated tanks.
Prices climb in Fujairah IFO products still unavailable on Durban spot market.
Bullish outlook for shipping and bunkering volumes in 2011 87% of voters in Bunkerworld poll expecting growth in shipping this year and 59% predict higher bunker sales.
Rotterdam and Hamburg markets soften Some suppliers in Rotterdam reported to be fully booked until early next week.
Will there be an increase in shipping company bankruptcies in 2011? Analysts warn that the dry bulk sector is in particular danger after 'surprisingly few' bankruptcies in the past two years.
Vopak in new credit deal Group announces new multi-currency revolving credit facility for EUR 1.2 billion ($1.6 billion).
Bunker deliveries hit by computer failure 'Disappointment' as computer outage at Turkish customs disrupts operations.
Aegean shares down by more than 20% after profit warning Heavy trading on New York Stock Exchange sees shares tumble to two-year low.
IFO prices gain in Tokyo Bay as week closes Other key bunkering ports in Asia remained closed on Friday due to lunar new year holidays.
Parent group of Canadian bunker supplier changes name Washington Marine Group changes name to Seaspan Marine Corporation.
Tight bunker supplies easing in Colombo Replenishment cargoes arrive at the port, traders say.
Thailand bunker supplies to remain 'stable' Rise in fuel oil demand from power plants this year will not affect bunker avails in Thailand, say local traders.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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