World Bank to push for transport fuel levy The World Bank will suggest a global levy on jet and shipping fuel in recommendations to G-20 governments later this year on raising climate finance, a senior official said on Sunday.
Piracy soaring to alarming levels: India Piracy in the Indian Ocean has 'soared' since 2005, increasing costs for businesses and governments, Indian Defence Minister M M Pallam Raju said.
Russia's Global Ports eyes US$750m from IPO Russia's Global Ports is seeking up to US$750 million from an IPO of shares in London, a source close to the deal said, making it the latest Russian firm to raise funds from capital markets.
Alitalia increases Rome-Los Angeles frequency The Italian carrier Alitalia has increased its service between Rome and Los Angeles CA (USA) during the summer season. With effect from 3 June, the Skyteam member added a sixt...
TAP to fly to Mali TAP Portugal launched a new, thrice-weekly service from Lisbon to Bamako, the capital of the West African country Mali yesterday (5 June). TAP currently flies to Luanda, Maputo, Bi...
VTL calculates carbon footprint of general cargo alliance VTL has become the first cargo system to present a TÜV-certified network carbon footprint (NCF). The calculation of the footprint, which took nine months, was carried out by the co...
Switzerland: new equipment to measure average speed over certain distance Switzerland: a new speed control system has been installed on the eastbound lane of the A9 motorway between Aigle and Bex. The device monitors a longer stretch of road to ensu...
EU investing in Rostock-Berlin rail track development The European Commission has agreed to allot EUR 21 million from ERDF funds for the first construction phase of the Rostock-Berlin railway line. The route, which should be completed...
Netherlands: LHVs get definite permission to use road network Longer and heavier trucks have now been granted definite permission to use the Dutch road network. The Dutch transport minister, Melanie Schulz van Haegen-Maas Geesteranus, said th...
DB Schenker offering new services to Poznan for Polzug On behalf of customer Polzug, the German service provider DB Schenker will began operating a regular, through shuttle service between the two major German seaports and the Polish h...
Network Rail: plans to upgrade second route out of Southampton docks The UK-based rail service provider Network Rail plans to upgrade a second route out of Southampton docks. The diversionary route runs from Southampton to Basingstoke via Romsey and...
Changi Airport welcomed arrival of Finnair Singapore Changi Airport recently welcomed the arrival of Finnair to Singapore. Daily-served Helsinki, Changi's first new European route since June 2008 is the airport's fifth new ...
MSC implementing OWS on Far East-Africa route The Mediterranean Shipping Company (MSC), based in Geneva (Switzerland), is implementing an overweight surcharge (OWS) of USD 150/teu on all cargo weighing over 20 metric t up to t...
WWL appoints managing director for India Wallenius Wilhelmsen Logistics (WWL), the global shipping and logistics provider, has appointed Gur Prasad Kohli as managing director for India. Kohli, who will be based in Ch...
Maersk to call at Marsaxlokk on regular basis Maersk Line will be calling on a regular and scheduled basis with a number of services at the port of Marsaxlokk in Malta. Maersk only recently announced it is setting up Seag...
Combi Lift with special transport Singapore - Nigeria The transport service provider Combi Lift conveyed two anchor handling vessels (AHTS) by its semi-submersible vessel, the "Combi Dock IV, from Singapore to Luba (Nigeria) in M...
Groupe CAT signs a three-year contract with Aixam Mega Groupe CAT has just signed an exclusive three-year delivery contract with Aixam Mega, the leading European seller of unregistered vehicles. CAT, the automobile logistics specialist...
Highways Agency expands contract with Dentressangle The Highways Agency, an executive agency of the UK's Department for Transport (DfT), has expanded its contract with Norbert Dentressangle to encompass the handling, storage and dis...
GAC opens new office in Trinidad & Tobago GAC Energy & Marine Services LLC (GEMS) is expanding its shipping and logistics services to Trinidad & Tobago. The company's newest office is now open for business in San F...
Monsoons fail to dampen interest in demolition sales Three bulk carriers sold into Bangladeshi and Indian yards at prices in low to mid $500s per ldt
IEA sees golden age for gas Higher demand will reshape market over next quarter century
IEA calls for higher standards for shale gas Stricker fracking guidlines required
Australia set to overtake Qatar as top LNG supplier Coalbed methane could push Australia to top of the leauge
Gas glut to end earlier than expected The gas glut will be over five years earlier than previously forecast due to increased demand, according to the International Energy Agency
Shipping sinks from view as aviation flies climate protest Maritime sector stands by as aviation takes a lead in climate debate
Time running out for Turkey's yards Harsh commercial environment could push some Turkish shipyards to the wall sooner rather than later
Smaller boxship operators happy to fall in with cascade to intra-Asia Being forced out of Asia-Europe trades by ultra-large containerships could prove a blessing
Twistlocks problem straightened out Automated lashing platform is said to eliminate the need for manual coning and deconing of twistlocks and stackers on the quay
Report highlights GPS vulnerability to space weather American Meteorological Society workshop report says more research and international co-operation needed to reduce impact on shipping and banking
Consolidation on the cards for Europe's big engineers Volkswagen attempts to buy MAN and Scania while Rolls-Royce joins forces with Daimler to chase Tognum
Owners urged to think long term on investment payback Rewards will come as fuel prices climb in years ahead, says marine technology expert
Financial squeeze puts the brakes on innovation In the current climate it seems that only the larger shipowners are able or willing to invest in innovative fuel-saving technology
Italy U-turn on Fincantieri job cuts and yard closures following protests State-owned cruiseship builder must access new markets and develop new products
Be prepared for rule changes on emissions, shipowners warned Hopes of postponement of 0.1% sulphur limit in ECAs 'misplaced' and 'dangerous'
Maersk poised to 'revolutionise' shipping Manifesto launch will lay down gauntlet to industry on 'brink of era-defining moment'
SeaEnergy pulls the plug on windfarms business Company says sale to Repsol will allow it to focus on marine services
Bermuda tops Paris MoU rankings Bottom place in safety league table goes to North Korea
Otal heads for the end of the line Africa specialist to be swallowed by Delmas in shake-up by the brands' owner CMA CGM
Brands must earn their keep Regional lines can compete well against the heavyweights, but sometimes the costs of maintaining a separate brand inside a group outweigh the benefits
Russia's Global Ports plans $750m IPO Container terminal says it will use the cash to fund its growth strategy
Now report it Thanks to the Oceans Beyond Piracy study, the press has a brush with which to paint the real picture of piracy's huge threat to seafarers
Iraq to extend oil export capacity at Basra as production rises Output expected to hit more than 5m bpd in next three years, says deputy prime minister
A perfect theory (just not in the real world) Competition in shipping cannot be controlled
India considers armed guards on cargo vessels Move conflicts with recent government bid to play down risk of pirate attacks near coast
Capesize rates back above handy bulkers Opec meeting will determine production volumes
Seafarers' Trust project throws light on piracy victims' hidden suffering Project involving 20 industry partners records seafarers' experiences and works with employers and families develop best practice guidelines
The human cost of piracy remains hidden from view There is no single reliable source to inform seafarers or the general public of how crew are treated during captivity, or how widespread abusive tactics are among the pirate gangs
Slow streaming tied to upturn in bulk rates BROKERS told Fairplay today slow steaming orders by Capesize owners have contributed to the upswing in freight rates over the past two weeks
Taking Courage on IPO HONG KONG'S drybulk carrier Courage Marine, which cancelled a listing in its home territory in April, now aims to execute the IPO on 24 June
World Bank backs bunker levy THE WORLD Bank will push for a levy on bunkers as a measure to combat climate change, a senior official has reportedly indicated
Mexico's Altamira LNG terminal to be sold ROYAL Dutch Shell and its partners are selling their Altamira regasification terminal on the Gulf of Mexico, an indication that LNG imports to Mexico are losing appeal, energy analysts told Fairplay today
Fincantieri said to relent on yard job cuts BUILDER Fincantieri has reportedly relented in its scheme to cut costs by eliminating 2,500 jobs in Italy
Japan's sales imported vehicles rise 31% SALES of vehicles imported into Japan on car carriers increased 31% year on year in May, IHS Global Insight reported today
Trading begins for Eitzen's new shares SHARES IN Eitzen Maritime Services, the Oslo-listed maritime services group, started trading this morning on the Oslo Stock Exchange
Vietnamese march over sea border spat HUNDREDS of Vietnamese have demonstrated to express outrage about Chinese naval actions in a disputed South China Sea region, IHS Global Insight reported today
Fortescue cost rise seen AUSTRALIAN miner Fortescue reportedly plans to exceed estimates and spend $10Bn on ports, mines and other developments, in its latest attempt to increase production
RCCL embraces UK tonnage tax regime RCCL PLANS to enroll more than a quarter of its 40 ships under the UK tonnage tax regime
Russia funds takeover in Taman RUSSIAN Prime Minister Vladimir Putin has confirmed that the Kremlin will contribute €1Bn ($1.46Bn) towards developing the fishing town of Taman into a major port
VLCC seesaw stuck VLCC CAPACITY has finally dropped - and sharply - in the Persian Gulf for the next four weeks, but that has failed to dent freight rates, analysts noted today
Capesizes put to torch OWNERS' zeal for demolishing old Capesize tonnage is continuing this week, despite softening scrap rates amid the South Asian monsoon
Box prices feel 'hangover' LONG-HAUL box rates remain on the slide today, even as the second quarter reaches its last month.
Some Port Truckers May Face Subsidy Bill Six motor carriers that received subsidies from the Port of Los Angeles for the purchase of clean trucks may have...
UPS Adds Capacity on Latin America Routes UPS boosted its cargo capacity 50 percent on flights to Central and South America last week, saying it is responding...
Con-way Truckload Seeks Southwestern Drivers Con-way Truckload, looking to hire more truck drivers in the Western U.S., reopened a driver orientation site in Phoenix that...
Trucker ODFL Expands Drayage Operations Old Dominion Freight Line, a less-than-truckload carrier, is driving deeper into drayage, opening a container drayage facility in Mobile, Ala. ODFL...
Freight Index Shows Economy Stalled A key measure of freight shipping in the United States slipped back 0.2 percent in May from the month before,...
Ocean Carriers Set India Rate Hikes Major ocean carriers operating to and from India plan to raise rates on key trade lanes, starting in early July....
CSX, NS Break Ground on Intermodal Projects Eastern U.S. railroads CSX Transportation and Norfolk Southern Railway each planned to hold groundbreaking ceremonies Monday on separate intermodal hub...
Shippers Expect 9 Percent Boost in Transport Spending Shippers are bracing for higher transportation costs, even as the economy slows, according to a second-quarter survey of more than...
Russia's Global Ports Plans London IPO Global Ports, Russia's largest container terminal operator, plans to raise about $100 million for an initial public offering on the...
UTU Claims Record Pay Hike in US Rail Contract A tentative contract between the United Transportation Union and major U.S. railroads will give UTU members a record pay increase...
Airlines Cut Profit Outlook on Higher Costs The International Air Transport Association scaled back its 2011 industry profit forecast by more than half on Monday, to $4...
The loneliness of the long-distance liner A year of trading in container shipping is a marathon and not a sprint. As we approach the 13 mile H1 marker, ocean carriers suffering from the consequences of trying to grow too fast in the first quarter will need to begin conserving energy; draw on their cost saving training, and be sensible in their pricing in the second half if they are not to hit the wall in the uphill endeavour to complete the full-year race without financial injury
OPEC vote could give red-inked carriers a lifeline
Global Port Investments goes for IPO
TPT to use Navis system inland
SA and Mozambique to operate joint anti-piracy patrols
Reports: Russia port group plans U.K. IPO Russia's Global Ports Investments (GPI) said it plans to raise $100 million in a initial public stock offering in London.Reutersreported the company is "seeking more than $100 million from a London initial public offering," while the Financial Time...
Geodis Wilson acquires One Source Logistics French-based forwarder Geodis Wilson said it has acquired specialists One Source Logistics, which is headquartered in Minneapolis. Jean-Louis Demeulenaere, chief executive officer of Geodis Group, said the company is seeking to double its freight f...
States Logistics puts sun to work States Logistics Services has installed a 363-kilowatt solar power system on the roof of its distribution center in Buena Park, Calif., which will produce up to 82 percent of the facility's electricity needs. States Logistics is a third-party logis...
BIFA names Bottomley president The British International Freight Association has appointed Peter Bottomley as president, succeeding Norman Fowler. Bottomley had been a member of parliament since 1975. In Thatcher's government from 1984 to 1990, he was parliamentary undersecreta...
Zim hikes Asia-to-Europe rates Zim said it would implement a general rate increase of $275 per TEU on July 1 for cargo moving from Asia and the Indian Subcontinent to Mediterranean, Black Sea and North Europe destinations....
Merchandise trade continues growth in Q1 Merchandise trade continued to grow strongly across major economies in the first quarter of 2011, the Organization for Economic Cooperation and Development said Monday. Total imports of G7 and BRICS countries grew 11 percent in the first quarter c...
Fewer ships detained for safety, security The U.S. Coast Guard said it detained fewer ships in 2010 for environmental protection and safety related deficiencies. Ships detained decreased from 161 in 2009 to 156 in 2010, and the total number of ships detained in 2010 for security related d...
Fujairah prices mixed Avails 'extremely tight' in Durban.
Rotterdam and Hamburg markets stable Two-tier market seen in Rotterdam.
World Bank to recommend global levy on shipping and aviation fuel Focus on means of raising climate funds as post-Kyoto deal looks unlikely this year.
New DNVPS tool a 'milestone' in bunker industry transparency Aim of 'Fuel Insight' is to simplify access to statistical data on fuel quality, making it more useful and adaptable for specific purposes.
BIMCO meeting kicks off in Vancouver Focusing on the issues of climate, energy and demographics.
Asian shippers objecting to bunker levy Signs of positions entrenching ahead of July IMO meeting, shippers say levy will 'just increase the cost of goods for consumers'.
BMT takes role in 'pioneering low-carbon shipping research' Three year research project 'a very exciting opportunity to make a real difference to the design and operation of ships'.
Staff changes at Mediterranean Bunker Services Trader resigns after 15 years of service, trainee bunker trader appointed.
Week starts with gain in bunker prices Largely slack demand for bunker products at key Asian ports on Monday.
Daewoo and MAN unveil 'huge' LNG powered engine Designing and building the large engine was 'particularly hard'.
Bunker tanker sinks at Bangladeshi port MV OT Moon carrying 180 mt of bunkers when it sank.
SCI delays rate adjustments on rising bunker prices, low demand Markets 'should get better' by 2013, says director of bulk carrier and tanker division.
Russian-based supplier adds bunker tanker to fleet Acquisition of TM-10 will boost Baltic Fuel Company's bunker fleet to 31 vessels.
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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