Shipping firms sue EU over sanctions Several shipping companies have launched a legal challenge against the European Union after the bloc imposed sanctions on them over their suspected involvement in Iran's nuclear programme and arms trafficking, a court application showed.
Japan, China shut ports ahead of typhoon Japan and China have suspended some operations at several oil, dry bulk and container ports ahead of a powerful typhoon that could be one of the worst in the area for years, industry officials said.
Baltic index flat due to growth, supply worries The Baltic Exchange's main seafreight index, which tracks rates to ship dry commodities, was unchanged on Friday with sentiment knocked by worries over slowing economic growth and the pace of new vessel deliveries.
New Boeing 747-8 freighter completes certification flight testing The new Boeing 747-8 freighter successfully completed its certification flight test programme on Tuesday, with two airplanes landing at Paine Field in Everett, Wash. Flight test ai...
South Africa: booming extra-heavy and heavy truck sale In South Africa the sale of new heavy commercial vehicles saw a big jump in July: According to the National Association of Automobile Manufacturers of SA (Naamsa), sales of extra h...
Asta AG reduces European fleet Asta AG in Arbon/Switzerland, a subsidiary of AFG Arbonia-Forster-Holding AG, is reducing its EU-oriented fleet due to its high personnel costs and the exchange rate development of...
Chapman Freeborn flies humanitarian aid to Horn of Africa Chapman Freeborn Airchartering's worldwide offices are participating in the effort to transport humanitarian aid to help people affected by famine in the Horn of Africa. In the las...
Port of San Francisco's Pier 80 welcomes wind turbines The Port of San Francisco's Pier 80 omni terminal welcomed the M/V Star Hansa carrying wind turbine components for San Leandro, California-based Halus Power Systems. Halu...
Asda extends partnership with Norbert Dentressangle in the UK Asda has renewed its contract with Norbert Dentressangle for the management of eight Asda Service Centres (ASCs) - the hub of Asda's recycling operations - for a further five years...
Panalpina growth below expectation in Q2 2011 The globally active transport and logistics group Panalpina, which is based in Basel, was hit across Switzerland by falling demand and the strong CHF in Q2. Net sales dropped in th...
Air Berlin acquires second-hand Swiss A330 German airliner Air Berlin has acquired a second-hand Airbus A330-200 from Switzerland's carrier Swiss. A second jet is to follow shortly. With the two planes, the future Oneworld ...
Russia's port throughput falls flat Russian sea ports' goods throughput remained more or less flat in the first half of 2011 on the prior-year period. It was down 0.5% on the same period last year and stood at 257 mi...
Secondhand bulker values could 'easily' fall by 20% Secondhand vessel values for bulk carriers over 15 years of age could "easily" fall by 20% over the next 12 months, according to Eagle Bulk Shipping chairman Sophocles Zoullas, as record newbuilding deliveries lower the average age of the fleet and charterers opt to hire younger and more efficient ships
Rio Tinto's fixing frenzy underpins capesize market Typhoon Miufa's likely strike on China sends Rio Tinto into fixing flurry, while Vale makes welcome enquiry on fronthaul route
Europe picks up suezmax slack Drop in US oil demand as consumers buy less gasoline sees West African cargoes diverted to European refineries, boosting demand for suezmax tankers
Offshore shuttles offer better returns Owners investing in high specification suezmax shuttle tankers for the offshore oil market will benefit from longer employment and higher rates than owners who order standard suezmax tankers amid current poor charter rates on the spot market
Greek ownership remains buoyant New Petrofin Research study finds Greek owners resisting consolidation, but the pressure is mounting
Age shift augurs well for the future Greek fleet gets younger on average
Piracy on the silver screen A private premiere of Steamship Mutual's new piracy training film conveys the tension and stress of navigating through these dangerous waters
Modern morality means Somali piracy will flourish The lessons of history show that if the thousand pirates detained were all now dead or rotting in prison piracy would have all now ceased
The advance of women We should not have to write, or read, articles about the 'first woman' doing anything, but everything has to start somewhere
Financial statement weakens CMA CGM bonds French container line has no liquidity problems, says banker
Aberdeen still has its foot on the gas Scottish trust port can point to rises in vessel calls and cargo volumes as signs that the North Sea energy sector is still very active
Shipping shares sink lower as global stock markets slide again Deeper falls for some companies reflect poor performances and prospects in main shipping sectors
Founding families lead share purchase charge at OSG Vote of confidence, says Morten Arntzen
European ports face further crisis Throughput at northern ports continues to slide
APMT Zeebrugge plans transport role as Antwerp gateway Flanders ports link-up would take on common rival Rotterdam
Croatia's Ploce port secures $71m World Bank loan Improvement in infrastructure aimed at winning more private investment
Spot on The transpacific container trade looks to be locked in a towards rates cycle
Weak east-west box rates emit misleading signals Broad supply and demand equilibrium used as evidence that box trades are not in such poor shape as some indicators would imply
Wilhelmshaven hit by sharp drop in oil imports Closure of ConocoPhillips refinery also hits total cargo handling of Lower Saxony ports
The monster and the bear If a second dip in an already long and painful recession looms, the recent follow-the-leader ordering of huge ships in the box sector will come to look very complacent
Fresh order brings Namura reprieve but yen appreciation a burden Japanese shipbuilder explores its options in the face of 'life or death' survival battle
Rebels capture Libyan tanker GNMTC product tanker diverted to Benghazi
Hansa Heavy Lift to desert Bremen Headquarters to be relocated in Hamburg next year as part of drive to cut the Beluga connection
China Shipping box leasing unit postpones Hong Kong IPO Turmoil in global equity markets hampers China Shipping Nauticgreen Holdings' $200m fundraiser
Slump in big tankers hits Crude Carriers' second quarter Greece-based owner sees revenues halved despite outperforming Baltic index rates
Great Eastern profits slide 5% Indian tanker and dry bulk owner hit by low rates and slack demand
Keppel wins $195m Transocean jack-up order World's largest offshore drilling contractor exercises option for third jack-up based on Bigfoot design
Strike planned for Westernport Patrick Stevedores to stage 24-hour walk-out
Vale rejects Cosbulk ship for fronthaul fixture Reported payment problems at Cosco Qingdao scuppered deal, say brokers
Hurricane likelihood rises TROPICAL Storm Emily has broken apart without damaging Caribbean shipping, but US officials meantime raised their estimate on the likelihood of a worse-than-usual hurricane season
Chinese rare earth exports surge in first half CHINESE rare earth export rose nearly tenfold year on year in the first half of 2011, hitting $1.5Bn, IHS Global Insight reported today
Crude Carriers posts losses NYSE-listed Crude Carriers reported today that it swung to losses in the second quarter after revenues were dragged down by weak crude tanker rates
Drybulk rates hit GE Shipping A DROP in drybulk charter rates led to a fall in quarterly profits, India's GE Shipping said today
Philippines plans box terminal NEW BOX terminal is planned, with South Korean funding, in Aurora province of the Philippines
Iran oil sale fails again NIOC HAS failed again to sell heavy crude on Iran's international oil exchange at its Kish Island free zone, IHS World Markets Energy reported today
Greece casualties drop 24% MARITIME accidents in Greece were down 24% in 2010 year on year, an EC report has found
Crude held at Port Sudan A CARGO of 600,000 barrels of South Sudanese crude is being held at Port Sudan due to a dispute over "service fees", IHS World Markets Energy reported today
Platou sees box boost A BETTER balance between supply and demand in box shipping should lead to a "moderate recovery" in rates in 2012, according to RS Platou
India's port snarls worsen CONGESTION at coal import terminals on India's East Coast has significantly worsened since the beginning of July, brokers told Fairplay today
Vale revisits spot market BROKERS told Fairplay today that Brazilian miner Vale has made an exception by taking a ship in the spot market for the first time in a year
Transneft warns China on oil pipeline contract RUSSIA'S Transneft has warned that it might terminate a contract to pump crude overland to China, which could increase the flow of crude for shipment from Kozmino Bay
Naphtha fixtures surge BROKERS told Fairplay today rising demand for naphtha is raising eastbound freight rates for long-range tankers transporting clean products
Brokers see static box rates CONTAINER derivatives brokers told Fairplay today that rates are unlikely to head north even though yesterday's closing trades suggested otherwise
Mixed results for Diana Shipping DIANA Shipping today announced a year-on-year rise in timecharter revenues for the first half of 2011
NY-NJ Port Authority Proposes Toll Increase The Port Authority of New York and New Jersey on Friday proposed raising tolls on bridge and tunnels crossing Hudson...
USPS Loses $3.1 Billion The U.S. Postal Service lost $3.1 billion in its third fiscal quarter ending June 30, deepening the Postal Service's financial...
Trans-Pacific Rates Drop, Asia-Europe Rebounds Spot rates for trans-Pacific trade fell for the second week in a row, while pricing on Asia-Europe trade lanes improved...
Trucking Industry Hiring Slowed in July Trucking employment was essentially flat in July, with for-hire carriers adding only 1,300 jobs for a 0.1 percent increase from...
Crowley Adds Tampa Call Crowley Maritime plans to add roll-on, roll-off service to Tampa in September as part of the carrier's Central American service,...
CSAV to Hike India-Europe Rates Chilean ocean carrier CSAV will implement a general rate increase on westbound shipments from India to Europe, starting Aug. 15....
Air France-KLM Cargo Traffic Falls 2.7 Percent Falling demand in the Asia-Pacific region pulled cargo traffic at Air France-KLM down 2.7 percent in July. Asia-Pacific...
NuStar, EOG Team Up on Oil Train Transloads NuStar Logistics and EOG Resources, an oil and gas company, jointly develop and own a facility at St. James, La.,...
July Jobs Report Tops Expectations U.S. job growth increased more than expected in July as a rise in private payrolls offset shrinkage in government jobs,...
ICTS Argentina Terminal Opens 2012 International Container Terminal Services will complete the first phase construction of a terminal at the Port of La Plata in...
Ningbo Port Container Traffic Up 13.7 Percent China's Ningbo Port saw container traffic increase 13.7 percent year-over-year to a new record of 7 million 20-foot equivalent units...
China Manufacturing Slows to 29-Month Low A key measure of Chinese manufacturing fell for the straight month to its lowest point in more than two years...
Declared Weight In the inquiries that followed the at-sea hull fracture and subsequent scuttling of the MSC Napoli in early 2007 in...
Copyright ' and Wrong ' in Tariff Filing Q: Your June 13 and July 18, 2011, columns request views regarding enforceability of National Motor Freight Classification provisions that...
Old Faithful In the trans-Pacific, capacity is surging and rates are sagging. In South America, Africa and the Middle East, demand is...
Dysfunctionally Yours The congressional failure that led to the partial shutdown of the Federal Aviation Administration will not, just to be clear,...
Slowdown Worsens at Congested India Port An unofficial "go-slow" campaign by a group of dockworkers at the Gateway Terminals India operated by APM Terminals threatens to...
APL Reports 94 Percent On-time Performance APL said its trans-Pacific services missed their arrival window only seven times in 114 port calls to the U.S. West...
Second Carrier Adds Congestion Fee at Nehru Port Hapag-Lloyd said Friday it will apply a port congestion surcharge on shipments moving through India's Port of Jawaharlal Nehru (Nhava...
Typhoon targets China Bulkers brace for delays as typhoon Muifa closes in on ports of Ningbo and Qingdao.
Swan supply talks in flight Indian FSRU wannabe closing in on LNG supply deal near Pipavav.
CFL buys into Scan-Trans Canada Feeder Lines takes 20% chunk of Danish owner following its improved fortunes.
DHT to seek out new deals The bid for Saga Tankers is over but Svein Moxnes Harfjeld is still aiming for substantial expansion.
Crude culls dividend Evangelos Marinakis-led tanker owner axes payouts after second quarter results disappointment.
Big names hog headlines John Fredriksen, Evangelos Marinakis, Gabriel Panayiotides, George Economou, Micky Arison and Craig Stevenson head the list of newsmakers this week.
Diamond S deal sparkles A high flying investor backs the deal of the week, shipping in rough seas and anti-Gaddafi forces are accused of piracy.
Sado sinks to deeper loss Japanese ferry owner drops full-year forecast after heavier reversal in the opening six months of 2011.
Seaspan shakes off gloom New York-listed owner to ignore present bleak economy with further newbuilding orders and could go supersize next time.
Higher costs hurt GE India's Great Eastern Shipping sees its first quarter profit take a dip.
Saga saga over DHT Holdings dumps offer for Arne Blystad-led VLCC outfit after failing to convince enough shareholders.
Hoegh buys from MOL Sveinung Stohle-led owner bags LNG carrier from Japanese firm with a view for conversion.
Shipping stocks sink Asian shipping shares follow US rivals down as economic fears grip the market.
CSG cans Nauticgreen IPO State-owned China Shipping Group cancels public offering of container leasing unit.
Con-way Q2 profit more than doubles Con-way Inc. reported second quarter net profit of $29.4 million, more than double the $13.9 million earned in the same 2010 period. Revenue in the quarter ending June 30 was $1.35 billion, a 3.2 percent increase from last year's second quarter re...
Pressing for FTAs approval after Hill recess U.S. Senate leaders have reached an agreement to move forward pending free trade agreements with South Korea, Colombia and Panama, and Trade Adjustment Assistance legislation following the August recess. Industry associations praised the move, but...
Klinge builds triple container reefer unit Klinge Corp., a York, Pa.-based refrigeration technology manufacturer, has developed a unit for so-called triple containers, or tricons. The tricon, which is often used by the world's militaries, is configured so when three units are adjoined the f...
Airlines told no more monkey business The British Union for the Abolition of Vivisection has launched an international campaign on Change.org to stop airlines transporting primates destined for research. "Every year, tens of thousands of monkeys are traded around the world for the res...
Parsons Brinckerhoff names Tanberg VP Infrastructure consulting and engineering firm Parsons Brinckerhoff has appointed Brian Tanberg to vice president. Based in Tampa, Fla., Tanberg will serve as director in the Southeast for the firm's ports and marine practice, which includes the Ca...
Vanguard appoints Groff general counsel Non-vessel-operating common carrier Vanguard Logistics Services has appointed Terry Groff to vice president and general counsel for legal administration, effective Aug. 8. Groff brings with her more than 20 years of experience as an attorney in the...
Forecaster: 'Tough year, not unlike 2009' Import and export deep sea container volumes across Europe have continued their downward slide from a high in March, according to Global PortTracker. "The crisis in Greece combined with the specter of Italy and Spain defaulting is destroying what ...
Iraq concerned about nearby Kuwait port Iraq is asking Kuwait to suspend work on a seaport on Bubiyan Island, because of concern it may affect Iraq shipping, according to a report fromVoice of America.A report on the radio service's Web site said the two countries exchanged statements o...
Markets tumble in Europe IFO 180 cSt cargoes are expected over the weekend in Rotterdam.
Iranian fuel oil exports to remain low Loadings for east Asia likely to stay at current levels.
IMO sulphur data point to changing trends Confirm nearly 15% of HFO fails to meet 2012 limit, while distillate data show most fuels tested are below 0.1% sulphur.
Arctic ice melt could hit Singapore's maritime sector Maritime consultant says Northern Sea Route 'will have an impact' on Asian hub.
Sinking triggers bunker spill fears Indian Coast Guard deploys pollution control vessel.
Week ends with continued losses in bunker prices Supplies of bunker fuel mixed at some major ports in Asia.
ABB introduces marine energy appraisal tool Variable-speed drives can lower energy consumption of onboard equipment by up to 50%.
Order for dual-fuel offshore supply vessels US-based Harvey Gulf International Marine will place order for two vessels.
High bunker costs may trigger sales of VLCCs NYK says older VLCCs operating at a loss.
South China fuel oil stocks slightly up Volume at approximately 1.96 million mt for the week ended August 3.
Aegean boosts bunkering ops with new tanker Company expects to take delivery of two more double-hull bunker tankers.
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