RS Platou in talks to buy ship brokerage firm: CEO Norway's largest shipbroker, RS Platou, is in talks to buy an Asian or European-based brokerage firm to expand its dry bulk and container chartering operations, its chief executive told Reuters yesterday.
Move to put price on shipping emissions With nations facing gaping shortfalls meeting pledges on climate change, several governments and activist groups are pushing to put a price on shipping emissions to fund aid to poor countries.
EU road freigth has not yet recovered from 2008/09 crisis According to the Road Freight Transport Vademecum of the EU Commission, the EU road freight market has not yet recovered to the levels before the economic crisis of 2008/2009. The ...
Groundbreaking ceremony for new air cargo terminal A week ago today, the groundbreaking ceremony was held for the new air cargo terminal (ACT) at Hanover airport. The ACT, built jointly with a subsidiary of the Dietz group from Ben...
Emirates SkyCargo transports its heaviest item ever Emirates SkyCargo came to the rescue of a ship being repaired when it transported a 36 t rudder part - the heaviest single item ever carried by the freight division of Emirates Air...
Royal Jordanian Cargo earns ISO 9001:2008 certification The International Organisation for Standardisation has awarded the RJ Cargo unit the ISO 9001:2008 Quality Management System certification for the provision of cargo sales and serv...
Kimmo Mäki new managing director of port of Helsinki Kimmo Mäki assumed his new post on 1 October 2011. His predecessor Heikki Nissinen left the role at the end of September by initially taking leave and then retiring on 1 April 2012...
Pennsylvania's Keystone Rail Corridor receives USD 40 million US transport secretary Ray LaHood has awarded a USD 40 million grant to the Pennsylvania Department of Transportation to eliminate delays in and out of Harrisburg on Amtrak's Keyst...
Russian Railways commemorates its 8th anniversary Since its inception eight years ago, the railway company has shipped over 11.5 billion t of freight. Over the same period, 3.1 billion t of freight have been exported. The share of...
Road loan helps Vietnam spur growth in remote provinces The Asian Development Bank (ADB) will support Vietnam with a loan of USD 80 million to upgrade roads in remote northern provinces. The road refurbishment project will improve abou...
Logistics promotion award goes to Bamberg Already for the second time, Bayernhafen asked students of all Bavarian universities about their thoughts on a central logistics topic. This year's question was: Eyjafjallajökull e...
Wilhelmshaven potential beneficiary of large container shipping The deep-water container terminal Jade Wester Post in Wilhelmshaven to open in summer 2012 may benefit from the continuing trend to build ever larger container vessels. In the perc...
VLCS to dominate new vessel deliveries According to Alphaliner figures, container carriers' answer to the challenges of sustainable shipping and cutting emissions is to build ever-larger ships. In 2000 the average size ...
Grieshaber Logistics in Germany AEO-certified The German logistics company Grieshaber Logistik, based in Weingarten (Baden-Württemberg), has recently obtained AEO (authorised economic operator) certification for all its sites....
Raben Ukraine opens new distribution centre in Dnipropetrovsk Raben Ukraine, a subsidiary of the Netherland's Raben Group, recently opened ad new distribution centre in Dnipropetrovsk. This new facility will allow providing customers in easte...
Ceva signs contract logistics deal in Switzerland with Samsung Logistics and SCM specialist Ceva Logistics has signed a one-year contract with Samsung in Switzerland. This deal marks the entry into the Swiss contract logistics market for the s...
Cairn heads for the Med, while eyeing Cyprus and Lebanon Exploration company gains 100% interest in five blocks in Gulf of Valencia
Further funding to come from selling stakes 'Farm-outs' integral part of Cairn's financing strategy
Calais gears up to assert its position DP World has finally announced an opening date for the London Gateway, but the port of Calais is completing a $530m expansion plan. It will be an interesting struggle
Fears of LNG carnage unfounded The fleet needs to grow to meet the increase from new countries
Aframax Mediterranean rates soar as Turkish Straits delays worsen Owners reap rewards as congestion in the straits could lead to further rate rises
Shipping requires two to tango Only a return to industrial shipping with contracted employment can prevent the extremes of the recent past and the present from bankrupting shipowners
Suggesting EEDI be scrapped is missing the mark ICS is broadly satisfied with the index adopted in July for those ship types that will be responsible for the majority of the industry's future CO2 emissions
Canadian and Mexican ports in the frame as FMC launches inquiry Dredging tax faces scrutiny as commission examines prices and competition
Japanese fuel oil imports almost triple after quake Power plants burn crude and fuel oil to replace nuclear capacity
NYK locks in VLCC for three years Period rates for VLCCs decline but more attractive than dire spot market
Recovery in trade to bring resurgence in first-world crews Nautilus general secretary says owners have realised there are no new sources of low-cost labour
Shell charters aframax Seaservice for one year at $12,000 daily rate Price indicates further falls in market level for one-year aframax charters
Former BLG duo jump ship to Norton Rose Law firm takes on two marine partners in a bid to grow high-end claims arm
New cargo product plugs gap at smaller end Marine follows SME retail lead by taking smaller risks online
Top northern ports face drop in box volumes through to 2012 Forecasts projects this year's growth will be halved
US Gulf drives supramax rates to six-month high Pacific trades are slow as Chinese celebrate holidays
DP World reveals the thinking behind London Gateway Details given of the $2.3bn project's financing and market rationale
Stolt Nielsen expects tanker markets to remain subdued Profits rise in third quarter but outlook still poor
Start installing now It is important that owners visibly endorse the ballast water convention by embracing its requirements
V.Ships to list in next three to five years London or New York are preferred locations
Horizon Lines completes recapitalisation Jones Act container shipping major has compiled $653m in new and recycled cash
Marco Polo Chapter 11 decision delayed Closing arguments set for October 21
BIMCO urges owners to shun EEDI waiver Vessels without an EEDI value would be 'compromised'
Brittany Ferries drops Poole-Cherbourg ro-pax service Daily freight-only services continue but company considers its options on passenger vessels
Svitzer appointed as Rena salvor Costamare-owned, MSC-operated vessel stuck on reef is emitting light oil slick
Dalian Port in race for overseas funding Chinese port to issue offshore yuan and US-dollar bonds amid drop in government spend
Canada slams FMC 'cargo diversion' inquiry US claims of subsidies rejected
FMC tables proposal for index-linked service agreements Some 50 service contracts linked to various freight rate indices have been filed with the FMC to date
Stolt still sees recovery ahead THE CHEMICAL carrying sector is likely to recover in 2013, Stolt-Nielsen reiterated today, while reporting a slight fall in 3Q11 net profits year on year
Italy excludes register from austerity cuts ITALY'S transport minister Altero Matteoli has pledged to exclude its ship register from austerity measures
MSC hopes to extend Colombo terminal deal MSC PLANS to extend its terminal agreement with the Sri Lanka Ports Authority for two more years
12 hurt in Thames casualty A DOZEN people were hurt in a River Thames ferry accident, Port of London Authority spokesman Martin Garside told Fairplay today
Tanker owners warned about the 'L' word IDLING tanker tonnage might not be viable for owners, even with the crude market in the doldrums, owners have been warned
CSAV approves $1.2Bn capital increase CSAV'S shareholders have approved another capital increase, this time for $1.2Bn
VLGC rates rise to high THE VLGC bull run has continued, with the Baltic Exchange recording average freight rates of $73.656 per tonne, a $0.90 rise from 4 October, brokers told Fairplay today
Class told to innovate NOBORO Ueda, boss at Class NK, has warned classification societies that innovation is the way to secure the sector's future
Gladstone fish ban scuttled QUEENSLAND'S government today lifted a Gladstone fishing ban introduced over concern that dredging was harming human health
Suezmax rates firming SPOT RATES for Suezmax tankers are rising on the back of strong business in West Africa, but Mediterranean/Black Sea routes are also doing well, analyst and broker sources said today
EC opens Tirrenia aid inquiry THE EC HAS opened an in-depth inquiry into public aid received by five companies belonging to Italy's former public sector group Tirrenia
BIMCO urges single S&P form BIMCO's deputy secretary-general Soren Larsen told Fairplay today it is concerned with sale forms that Asian countries have produced or are producing
Richards Bay stocks rise to record high RICHARDS Bay Coal Terminal received 1.3M tonnes more than it shipped in September, resulting in port stocks soaring to an all-time high 5M tonnes, according to IHS McCloskey
Brodotrogir yard aid granted CROATIA'S competition agency AZTN has approved 2.8Bn kuna ($495.3M) in government aid for Brodotrogir shipyard's restructuring
Snarls ease at iron ore ports CONGESTION in major drybulk ports decreased in the past week by 5
President Names Emergency Rail Review Board President Obama, moving to prevent a potential strike against major U.S. railroads, named a five-person presidential emergency board on Thursday...
Port of LA Won't Appeal Truck Case The Port of Los Angeles said Thursday it will not appeal an appeals court ruling striking down the port's regulatory...
Cosco Chairman Wei to Keynote TPM Wei Jiafu, chairman of Cosco Group, the world's fourth-largest container line by capacity and the largest carrier based in China,...
FedEx Freight Expands in Montana FedEx Freight expanded its service center in Butte, Mont., to a 65-door facility to make it a less-than-truckload hub in...
Rail Intermodal Extends Record Volume Run With a mild 0.6 percent gain in the latest week, major North American railroads again set a new all-time high...
NS Readies Virginia-North Carolina Stack Service Norfolk Southern Railway is launching in mid-October a new double-stack rail service that will connect Virginia's ports to central North...
Bulk Rail Traffic Sets New 2011 Highs A broad-based pickup in bulk railcar shipments pushed freight carloads up 2.2 percent at major North American railroads in the...
EPA Taps Kraft, Lowe's, Pepsico for Green Awards The federal Smartway program recognized teams at Ikea, Kraft Foods, Pepsico, Lowe's and J.B. Hunt for making achievements in environmentally...
Melford Terminal's Mann Validates Building Nova Scotia's Second Port (Video) Richie Mann, VP of Marketing for the Melford International Terminal, discusses upcoming plans for the terminal, currently being built in...
Panama Canal Orders 14 Tugboats The Panama Canal Authority ordered 14 new tugboats in anticipation of more vessel traffic when the canal completes its third...
Whose Waterways Revenue Stream? Rick Calhoun sees the inland waterways infrastructure crisis from the perspective of both shipper and carrier. He is president of...
Disparate Hours Federal regulators are due to issue a final rule on changes in truck driver hours at the end of this...
Untangling Supply Chain Knots "If it was easy, everyone would be doing it," the logistics director for a large U.S. health care products importer...
UPS Raises Retail Stakes UPS last month introduced "My Choice" to help residential consignees gain control over the inbound delivery of their increasing number...
Teamster General Election Begins An election that could determine the course of the Teamsters union and the tenor of its relations with employers begins...
Maersk Hikes US-Far East Rates Maersk Line plans to increase freight rates on westbound cargo from the U.S. to the Far East, starting Nov. 15....
Maerks Changes India-South Africa Rotation Maersk Line changed the port rotation of its MESA Service connecting the Middle East, he Indian Subcontinent and South Africa....
Maersk Denies it Aims to Rule Asia-Europe Trade Maersk Line on Thursday denied reports that it is using its market size and economies of scale to drive weaker...
Boehner, Cantor Attack Trucking HOS Rewrite The Republican-controlled House is speeding toward a conflict with the Department of Transportation that could scuttle changes to trucker hours...
NRF Forecasts 2.8 Percent Rise in Holiday Sales The National Retail Federation forecasts a 2.8 percent increase in holiday sales, and said retail prospects for the season "can...
Container Ship Charter Rates Plummet Container ship charter rates are in free fall as ocean carriers cut back on hired tonnage amid plunging freight rates,...
EU Rejects Airline Carbon Scheme Challenge A European Union scheme compelling all airlines to pay for carbon emissions on flights to and from the 27-nation bloc...
British Airways, Iberia Cargo Traffic Up 1.6 Percent International Airlines Group, the owner of the merged British Airways-Iberia carrier, boosted cargo traffic in September by 1.6 percent year-over-year...
Horizon Completes $652.8 Million Refinancing Horizon Lines completed a complicated $652.8 million refinancing that saves the largest U.S. domestic ocean carrier from bankruptcy and will...
Canadian Pacific CEO Talks Peak Season Outlook, Commodity Demands (Video) Canadian Pacific Railway President and CEO Fred Green, the keynote speaker at this year's Canada Maritime Conference, gives his outlook...
Canada Defends Trade Policies Against FMC Inquiry The Canadian government said it will "vigorously defend" its trade policies and infrastructure investments against any of the findings of...
Long-haul lull Sterne Agee equity analyst says tanker market saturation is a problem for VLCC segment but weak US demand is the real issue.
Silver lining in Sunoco shocker MJLF's new research recruit says more than 44 product tankers would be needed to plug gap created by US refinery closures.
Owners face a close shave Nikolas Tsakos could be in for a hairy couple of years while Teekay chief backs cleansing effect of company failures.
Trai Thien cash hunt continues US arm of Southeast Asian mini-bulker operator posts quarterly gain but fight to fund newbuilds persists.
Tsakos sounds safety alarm Poor tanker market could lead to a rise in casualties as owners cut corners, says Nikolas Tsakos.
Barfleur trial ends Brittany Ferries is laying up ro-pax after a seven-month cross-Channel test came to an end.
Golar seals debut deal Golar LNG Partners turns to John Fredriksen-backed parent for $222m loan as US-listed offshoot inks first FSRU acquisition.
Capesize bulker rate rise A tight tonnage position in the western hemisphere has underpinned freight rate increases.
Dahlman down on FRO US bank also cuts OSG to "sell" as it predicts 15 more months of pain for tankers.
DFDS in the clear Danish ro-ro group wins Estonian competition clearance for buying BSL service to Sweden.
CECON gains subsea contract Arendal-based offshore installation company has won a welcome West African contract.
Svitzer tackles Rena Danish salvor to refloat Greek boxship stuck off New Zealand, as small amount of oil leaks from pipes.
Canadians irked by cargo diversion inquiry The U.S. Federal Maritime Commission voted unanimously on Wednesday to start a notice of inquiry into disparities that may be causing U.S.-bound cargo to be pushed to Canadian and Mexican ports. The FMC's decision to begin the inquiry drew sharp r...
FMC makes index-linked contracts easier The U.S. Federal Maritime Commission on Wednesday voted unanimously to issue a proposed rule aimed at making it easier for ocean carriers and shippers to use service contracts with rates linked to freight rate indexes. Under the commission's curre...
CMA CGM raises rates, peak season fees The liner carrier CMA CGM said Wednesday it plans to raise rates and assess peak season surcharges on a handful of trades this month. The rate increases, which went into effect Oct. 1, are: From Northern Europe to the Persian Gulf and Red Sea, $1...
Matson lowers bunker fee Jones Act carrier Matson Navigation Co. said Wednesday it will lower its bunker surcharge by 2 percent on sailings from Oct. 9. The Hawaii surcharge will be reduced from 42.5 percent to 40.5 percent, while the Guam surcharge will be reduced from 44...
TNT's Q3 performance declines TNT Express said Thursday it expects muted growth for its Europe, Middle East and Africa (EMEA) business and "continuing negative performance" in the Americas. In its third quarter business update, TNT said trading was "relatively resilient" in it...
K+N opens Cartagena hub Swiss freight forwarder Kuehne + Nagel has opened a new distribution center in Cartagena. The new facility has 10,000 square meters of warehouse space and 11,000 pallet positions at the Contecar complex at Cartagena, a key transshipment in northern...
Customs replicates TSN for internal ACE users U.S. Customs and Border Protection has created an internal version of the Trade Support Network to better pulse frontline employees about what functions they expect from the Automated Commercial Environment, Cindy Allen, director of the ACE Busine...
House committee advances FTAs The U.S. House Ways and Means Committee on Wednesday advanced implementing legislation for free trade agreements with Colombia, South Korea and Panama. "For too long, America has sat on the sidelines, losing ground to foreign competitors in nations...
U.S. trade mission to Qatar, UAE Commerce Department's Undersecretary for International Trade Francisco Sánchez will lead a U.S. trade delegation to Qatar and the United Arab Emirates on Oct. 30-Nov. 3 to promote U.S. goods, services, and technologies in the multi-modal transporta...
Challenge of sustainability leading to 'ever-larger ships' Drive towards larger containerships is gathering pace, says Alphaliner.
Fujairah bunker market firms "Prompt cargoes are just not there," said a fuel oil trader.
Sunken oil tanker to undergo tests Remotely operated vehicle will test for the presence of oil inside the cargo and fuel oil tanks.
North European bunker markets firm But Rotterdam prices were weakening later in the day.
KPI Bridge Oil appoints trader for Valparaiso office Appointment will 'strengthen service during period of increased activity and expansion.'
Fuel oil stocks close to eight-month low Middle distillates inventories fall in wake of Shell refinery fire.
BIMCO to help members assess EEDI implications Will make an EEDI calculator available soon, advises members against using waivers when ordering new ships.
Canadian port considers 'cold ironing' Study to assess feasibility of supplying shore-side power at Victoria's deep water terminal.
Bunker prices generally rising in Asia Slack demand in key Asian hubs.
Sinopec to start bunkering in Qingdao Sinopec to lease two to three vessels to support bunkering ops in Qingdao.
Asian fuel oil price discount widens Premium of 180 cSt to 380 cSt narrows to $7.25 pmt, says oil broker.
South Korean bunker supplies 'stable' in October Local refiners to produce around 680,000 mt of bunker fuels in October.
Grounded box ship leaking oil off New Zealand Two kilometres oil slick spotted near the vessel on Thursday morning.
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