China looks to save struggling sector China's campaign to protect its maritime industry during a severe downturn will become more costly for foreign companies as Beijing grabs a bigger slice of the profits for shipping iron ore, coal, and grains to the world's second-largest economy.
Chinese buyers snapping up coal Chinese coal buyers have re-emerged in the sea-borne market after a nearly two-month lull and were snapping up Indonesian coal on expectations that domestic prices were poised to increase, industry sources said yesterday.
Throughput seen growing at 10% in Q3 Throughput at China's main ports is expected to grow at a robust rate of 10 per cent year- on-year in the third quarter due to a low comparison base in 2010, the China Securities Journal quoted a shipping industry specialist as saying yesterday.
250,000 axles from Schmitz Cargobull More than 250,000 Schmitz Cargobull trailer axles have been manufactured and included in the company's vehicle production since 2005. Schmitz Cargobull initially equipped some 30 t...
Railway power cameras to reduce delays and costs in UK Spotting a defect on an overhead rail wire up to 25 ft above your head can be tricky even to an expert eye, but new camera technology, which has been rolled out to rail teams acros...
China Airlines Cargo to launch Taipei-Chicago all-freighter service Taiwan-based China Airlines Cargo is introducing a thrice-weekly service between Osaka Kansai and Chicago O'Hare on 7 October. It will be operated with a Boeing B747-400 freighter,...
IDS opens regional hub in Hanover Germany's largest general cargo alliance, IDS Logistik, is putting into operation a new regional handling base in Hanover with a 10,000 sqm handling hall. The new site is in Langen...
Freightliner signs new contract with Celsa Steel Freightliner Heavy Haul has entered into a multi-year contract with steel giant Celsa Steel UK. Three trains will transport scrap metal from Dagenham to Cardiff each week for recyc...
Launch customer to receive first B747-8F Boeing is scheduled to deliver the first B747-8 freighter to launch customer Cargolux on 19 September at Paine Field in Everett WA (USA). Cargolux will fly the airplane out that mo...
India seeking investors for port construction 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...
Gebrüder Weiss: new head of corporate sales Chaim Husson Huijsman assumed the management of corporate sales at Gebrüder Weiss in July. Chaim Husson Huijsman is responsible for the group sales management of the Austrian trans...
Lufthansa Cargo Charter spreading its wings in North America The newest addition to the Lufthansa Cargo Charter Agency, a subsidiary of Lufthansa Cargo, a global full-service provider of all types of air cargo charter services, is Airline Ne...
Liebherr delivers two cranes to Onitsha river port The ports on the river Niger in Nigeria are receiving attention in line with Nigerian government policy. A programme of dredging and port refurbishment has led to Onitsha river por...
BBC Chartering enjoys liner success The leading German heavylift operator BBC Chartering's "BBC Arizona", "BBC Ecuador" and the chartered vessel "Arubaborg" loaded project cargo, steel, ...
Kuehne + Nagel expands Leipzig site The logistics company Kuehne + Nagel is continuing its expansion in the Leipzig (Germany) area by building a new logistics facility at the freight transport centre. The first secti...
Panopa wins new order The German transport company Panopa Logistik will assume the handling of central spare parts logistics for one of Europe's biggest construction and material handling machine dealer...
DHL extends spare parts logistics contract with Telia DHL Supply Chain has been awarded a two-year contract extension with the Swedish telecommunications company Telia, to handle the latter's national spare parts logistics. DHL
Industry must tackle depressed markets' threat of higher risks It is more and more difficult to make money, but shipping must avoid the temptation to skip quality
World leaders flounder as global manufacturing stalls Chinese exports likely to slow further as growth in leading economies continues lacklustre trend
Far East trade hopes as West Africa GDP poised for growth Container traffic moving in and out of West Africa on a roll with Far East trade very strong
How Chinese and South Korean yards are overtaking Japan New analysis by VesselsValue.com examines current values of tankers and dry bulk carriers built in the three main shipbuilding countries
The flag you fly matters Respectable registers are all fine and pretty well all the same, but only when things are running smoothly
Greenwash for the sea Why I remain sceptical about environmental lobby groups
Paper trades offer little hope for struggling VLCCs Forward freight agreements for 2012 trade at stagnant levels seen in current spot market
Asset values under threat as German banks start to call in loans Bank efforts to remove non-performing loans from balance sheets threaten to devastate secondhand prices
Tiny but beautiful jewel Seborga is ruled by 'His Tremendousness' and is a world away from nearby Monaco
Danes and Dutch differ on armed guard policy European owners call for more action from Brussels
KfW Ipex finances gas-powered tanker for Veder Baltic Sea sea emissions rules behind switch to gas
SinOceanic forced to carry out reverse share swap to bump up share price Company is trading below Oslo Børs' NKR1 requirement
ExxonMobil seals 10-year aframax newbuilding charter at $22,000 per day Unknown Japanese owner rumoured to have chartered out vessel at level that indicates only a marginal recovery over the next decade
August newbuilding contract activity slumps to two-year low Few orders placed but prices still stable
TSA index scope questioned New freight rate tracker for transpacific multi-year contracts excludes fuel surcharges
Container line relets are damaging the boxship charter market KG fund manager Jens Brandis still sees good prospects for smaller vessels though
CMA CGM acknowledges S&P outlook downgrade Second credit rating agency expected to follow suit
China will require at least 60 new VLCCs over the next seven years Anticipated increase in refinery capacity plus targets for use of domestic tonnage will drive need for additional vessels, says Braemar
Lay-up option This could be a good time for box lines to take some action to remove capacity as a weak peak season draws to a close
US refinery shutdowns to hit suezmax market Sunoco's plan to idle refineries will hit key tanker trades from West Africa
China's VLCC threat If rumours of huge orders for VLCCs by Chinese oil companies have any substance, the timing would be unfortunate, to say the least
Poole unveils draft strategy as cross-Channel ferry sector struggles Masterplan issued for public consultation with a warning that future levels of ro-ro activity 'are not guaranteed'
DSME shares rally after winning $1.1bn rig contract Songa Offshore orders two semisubmersible drilling rigs with option for two more
China bunker sales up 21% in first half China's share of bunker market continues to grow while price gap with Singapore narrows
Bunker suppliers fear defaults Extreme volatility, low margins and increased counterparty risk all making life difficult for bunker suppliers
Dye opposes FMC extension TSA and WTSA transcript requirements should be scrapped, commissioner says
Bill seeks piracy expenses A US BILL is seeking repayment of costs incurred by the US Navy in protecting non-US-flag ships from pirates
US shortsea expansion sought US LAWMAKERS are trying to use a Coast Guard funding bill to expand shortsea shipping linking US ports
Hoegh decides to delay Port Meridian decision HOEGH LNG is delaying a final investment decision on whether to build a new import facility in the UK until the end of next year, IHS World Markets Energy reported today
Zhejiang unveils complex ZHEJIANG'S government plans to spend 1.26 trillion yuan ($197Bn) on port projects, related infrastructure and industrial schemes, IHS Global Insight reported today
Watchdog accuses SCI INDIA'S government watchdog panel has accused state-run Shipping Corp of India of poor charter fixtures and fleet acquisition failure
Gasoline route to Iran runs through China IRAN IS continuing to rely on 4-5 tanker shipments of gasoline per month, despite its claims to have become self sufficient, IHS World Markets Energy reported today
Grounded tanker scuttled A GROUNDED product tanker has been scuttled off South Africa in the Indian Ocean
Danes amend crewing laws CHANGES to key Danish maritime laws means that up to 40% of captains on Danish-flagged vessels can now be non-EU nationals
Ore port snarls ease SNARLS are easing at major iron ore and coal ports for a second straight week
Smuggled ivory seized SMUGGLED ivory worth nearly $1M was discovered by Malaysian customs in a container in the country's major gateway of Port Klang last week
Minsheng gets IPO OK MINSHENG Shipping said that China's Securities Regulatory Commission has accepted the company's listing application, according to Chinese media
South Korea widens its edge at yards SOUTH Korea has widened its lead over China as the world's leading shipbuilder
Glut prevents Panamax feast PANAMAXES bulkers continue to be prevented from rising rates in the Capesize market, brokers told Fairplay today
Joint box carrier losses seen at $360M LOSSES for the 16 box carriers that revealed 1H2011 earnings together amounted to $360M, according to a container consultancy
Box ship pressure building BOX SHIP charter rates are facing more downward pressure today, with rates for 2,500teu ships finally dropping after staying steady for the past month
West Coast Container Traffic Falls 3 Percent The July container volume at West Coast ports fell 3 percent compared to July 2010, despite another strong showing in...
Boeing: China Needs 5,000 New Planes By 2030 China will need 5,000 new commercial planes valued at $600 billion by 2030 as the country becomes the second-largest aircraft...
Wolfe Trahan Downgrades 2012 Earnings Wall Street research firm Wolfe Trahan Group is reducing its estimates for transportation earnings per share as economic headwinds gain...
Obama Nominates Khouri to Full FMC Term President Obama nominated Michael A. Khouri to a full term on the Federal Maritime Commission. Khouri, a Republican, has...
Transportation Job Openings Jump 33 Percent The July figures from the Labor Department included 551,000 job openings in trade, transportation and utilities industries, a 33...
FMC Extends TSA and WTSA Oversight The Federal Maritime Commission extended by seven months its oversight of carriers involved in the Transpacific Stabilization Agreement and Westbound...
Changes Asked by Maersk CEO Will Take Years The changes in container industry practices called for by Maersk Line CEO Eivind Kolding will take years, according to shippers...
ILWU Defies Court Order in Longview, Wash., Picketing The International Longshore and Warehouse Union vowed to maintain its pickets at a newly built grain terminal in Longview, Wash.,...
Air France-KLM, BA-Iberia Cargo Traffic Slips Air France-KLM's cargo traffic fell 0.2 percent in August, as gains on Americas services were outweighed by lower volume on...
NYK Plans $325 Million Bond Issue NYK Line plans to issue $325 million of bonds maturing in 2021 with a 1.218 percent coupon, the carrier's lowest...
S&P Downgrades CMA CGM Outlook Standard & Poors downgraded its outlook for CMA GCM to negative and affirmed its B+ plus rating on the French...
BNSF's Rose Says Tax Changes Needed BNSF Railway Chairman and CEO Matt Rose believes the best way to get U.S. companies investing and hiring again would...
USCG busts Golden Sakura Port of New Orleans proves problematic for panamax bulker as inspectors uncover oily infraction.
SinOceanic splits Jan Haakon Pettersen holds the helm as Oslo-listed boxship owner gets ready to reverse out of danger.
Fear to terror? One year after puncturing tanker market balloon, industry veteran Robert Bugbee was at least half right.
Genmar ties up Harriet G Peter Georgiopoulos-controlled tanker owner pens employment contract for 2006-built suezmax.
Swiss Marine in cape push Peter Weernink-led firm said to have taken Formosa newbuilding on period deal to continue its 'tremendous' fleet growth.
Diamond has doubts Tanker vet Stevenson scratches head over China VLCC rumours while downplaying worries over Sunoco refineries.
Terminal delay for Mumbai Mumbai's offshore container terminal unlikely to be completed until end of next year.
ULTR plotting dry revival? Equity analyst says bulker buys may be in the cards for Felipe Menendez-led owner despite market exit.
S&P negative on CMA Weaker-than-expected first half results see Jacques Saade-led liner giant demoted by ratings agency.
Bulker massacre needed Braemar says 1,500 old vessels would have to be scrapped by 2014 to bring fleet growth into line with demand.
China splash 'feasible' Braemar Seascope runs the rule over China's potential giant VLCC order.
Collision row continues Damages case involving Greek bulker Pontodamon could be re-heard in Shanghai, where 2007 clash took place.
Sunoco's suezmax threat Million-barrel tankers will be in big trouble if huge US charterer fails to sell two east coast refineries.
Hartmann clears US link German offshore manager says funding of newly-built anchor-handling fleet is secure despite financial upheaval facing US equity partner.
Storage no market maker Nervy tanker owners take little comfort from tanker storage numbers, going up or down.
Prices in 'steep decline' New York-listed Nordic American's suezmax swoop offers further evidence of deteriorating tanker values, analyst says.
SCI in yard scrutiny Sabyasachi Hajara says Indian owner conducting due diligence on domestic yard with view to snapping up 15% stake.
Bill expiring 'would be a disaster' Bill expiring 'would be a disaster' Bill expiring 'would be a disaster'...
TSA defends omitting bunker from index The Transpacific Stabilization Agreement, which represents 15 of the largest carriers on the transpacific trade, has defended arate index it released last week , after maritime analyst SeaIntel questioned the TSA's decision to leave bunker surchar...
Zim raising Israel/West Africa rates The liner carrier Zim said Wednesday it plans to increase rates on the trade from Israel to West Africa. The increase, $150 per 20-foot container and $300 per 40-foot container, is applicable from Oct. 1....
Russia's JSC Freight One readies shares auction Russian Railways subsidiary JSC Freight One, the country's largest operator of railcars, will auction more than 64 billion ordinary shares, or 75 percent minus two shares of the company, starting on Oct. 28. Terms provide for sale of the shares in ...
YRC names Schwar VP of exhibit services Overland Park, Kan.-based trucking company YRC has appointed Bill Schwar to vice president of exhibit services. In his 28 years with YRC, Schwar has held positions of increasing responsibility, serving in management roles during the past 16 years i...
WTO sides with U.S. in Chinese tire dispute The World Trade Organization Appellate Body on Monday found in favor of the United States in a dispute brought by China challenging the imposition of additional duties on imports of Chinese tires. A WTO panel rejected all of China's claims against...
Ex-Im Bank's $455.7 million backs solar exports The U.S. Export-Import Bank authorized two transactions totaling $455.7 million to support Perrysburg, Ohio-based First Solar's exports of thin film photovoltaic panels to Ontario, Canada. The bank's support was needed because viable long-term f...
USDA: Humane transport for horses to be slaughtered The U.S. Department of Agriculture's Animal and Plant Health Inspection Service has amended its regulations to better ensure the humane treatment of horses during their transport to slaughterhouses, effective Oct. 7. The regulations cover the food...
Obama, mayors seek transportation funds extension Obama President Obama last week reiterated his call for Congress to pass an extension of the surface transportation bill without changes so that spending authority doesn't expire and damage the economy. Funding for highways, transit and safety prog...
Indian refiner losing faith in fuel oil products 'There will not be any fuel oil exports...We will be exporting fuel oil only if the margins are better on it,' says MD.
Fujairah prices gain double-digits Demand 'sliggish' in Durban, according to reports.
Analysts predict fall in Russian fuel oil exports 'Refiners might consider reducing their refining utilisation or even moth balling plants.'
European bunker markets firm Prices pick up in Piraeus in the afternoon.
Total Marine Fuel redeploys West African barge Vessel will deliver bunkers in Gambia and off-shore Senegal.
Shippers call for share of slow steaming cost savings Survey finds 40% of shippers question the value of slow steaming.
Ferry operator backs scrubbers Abatement technology 'more cost effective' than using low-sulphur bunkers.
China bonded bunker sale volumes to see 'rapid rise' in 2011 China's bonded bunker fuel consumption may surpass 10 million mt in 2011, says editorial director of C1 Energy.
Double-digit gains in Asian bunker prices Slack demand for bunkers at key Asian ports on Wednesday.
Specialised bunker tankers needed for LNG bunkering Fixed bunkering stations 'not economical' while trucks cannot take large quantities, Bunker Asia is told.
China's growing 'threat' to Singapore bunkering China has 'the appetite and capital' for growth, bunker player tells Bunker Asia forum.
'Great time' to be in the industry, says Chemoil CEO Volatile market presents opportunities for bunker players, Tom Reilly tells Bunker Asia 2011.
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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