Port operator ICTSI unfazed by turmoil Violent protests in the Middle East may have shaken the world economy but Philippine port operator ICTSI sees opportunity amid the turmoil.
Aircraft carriers gain clout in naval power Despite growing controversy about the cost and relevance of aircraft carriers, navies around the world are adding new ones to their inventories at a pace unseen since World War II.
Construction of Phillipines Laguindingan airport on schedule Construction work on the Laguindingan Airport Development Project (LADP), the new USD 181 million gateway to Mindanao island in the Southern Philippines, is expected to be complete...
Bombardier and Trenitalia ink contract for 50 more locomotives Trenitalia (Italian Railways) has awarded Bombardier Transportation a new order to supply another 50 of its economical and proven E464 electric locomotives, thus exercising an opti...
Azerbaijan: 47.4% of all goods hauled by truck The Azerbaijan State Statistics Committee (ASSC) reported that the lion's share of cargo (47.4%) was transported by road between January and March this year. The total amount of tr...
ATA truck tonnage index rose by 1.7 % in March The American Trucking Association (ATA) reported that its for-hire truck tonnage index increased by 1.7% in March, after falling by a revised 2.7% in February 2011. The tonnage inc...
Rickmers-Linie responds to India's growing breakbulk market Rickmers-Linie, a German liner specialist for project cargo and heavylifts, has responded to India's growing breakbulk market and is upgrading its Indian service. Gerhard Janssen, ...
China: demand for trucks tops 1 million mark Sales of heavy duty commercial vehicles in China amounted to 1.015 million units in 2010, a 60 % increase over the 2009 volume. The figures were recently announced by China's ...
Canso welcomes two new members The Civil Air Navigation Air Services Organisation (Canso) has welcomed the Department of Civil Aviation (DCA) of Cyprus and the Maldives Airports Company Limited (MACL) as new ful...
Qantas shifts from San Francisco to Dallas Originally scheduled one week later, the Australian carrier Qantas is operating its final Sydney-San Francisco CA (USA) service tomorrow (7 May). The airline is shifting its operat...
Hupac: growing interest in rail transport in the east The Swiss intermodal transport provider Hupac has reported a promising start to 2011 with a 12% increase in traffic from January to April. The company boosted frequencies on variou...
UIRR: today one in four freight trains is a CT train The International Union of Combined Road-Rail Transport Companies (UIRR) reported that growth returned for road-rail combined transport services in 2010, following the...
Pacer reports net profit in Q1/2011 Concord CA-based Pacer International Inc, a North American freight transportation and logistics services provider, reported a Q1/2011 net profit of USD 2 million, a su...
Logwin's turnover rising Logwin, a global forwarding and logistics corporation based in Grevenmacher (Luxembourg), reported a significant increase in its Q1/2011 turnover, which amounted to EUR 3...
Kuehne + Nagel managing frozen food for Italian retailer Agor' Milan (Italy)-based Agor' Network Srl has awarded a six-year contract to Kuehne + Nagel (K+N) to provide frozen warehousing and distribution operations for the retailer's more...
Chapman Freeborn steps up activities in Scandinavia Chapman Freeborn, a leading charter company for individual flight solutions, is stepping up its business activities in the Scandinavian market by appointing Kim Borgaard as it...
ABB moving to the Rhine ports in the Basel/Baselland region Rolf Vogt, CEO of Birs Terminal, a logistics company based in Birsfelden, near Basel (Switzerland), recently announced that a spectacular new activity is to take place at the Rhine...
Flinter's fleet growing Flinter, a versatile logistics company based in the Netherlands, expects to see the launch of its new building, "MV Flinter Aland", on 14 May. The multi-purpose, ice clas...
MR product tanker rate surge likely to be 'temporary high' Owners advised to enjoy reprise but not to go on ordering spree
Capesize owners return idle ships to weak spot market Owners accept they will make 'precious little money' from current round voyage rates
Flat outlook for suezmax spot rates in Atlantic Suezmax spot rates in the Atlantic are set to remain flat this week, or even weaken, as charterers drip-feed cargoes into the market
Newbuildings to put brakes on palm oil tanker gains The cost of shipping palm oil from Southeast Asia to Europe looks unlikely to move much beyond the $52 per tonne mark as an expected influx of chemical tanker newbuildings over the next quarter should cap any significant gains
Cardiff Marine fixes VLCC for $29,000 a day Greece's Cardiff Marine has chartered out the very large crude carrier Solana for one year at the daily rate of $29,000
BHP Billiton books vessel for backhaul Asia-Atlantic trip at $1,000 It emerged on Friday that mining giant BHP Billiton had booked a capesize on a backhaul Asia to Atlantic route at the end of April for $1,000 per day
IMO calls for more warships and single UN command Naval co-operation has produced mixed results and, says secretary-general Efthimios Mitropoulos
An adaptable and lucrative business The piracy business model has grown rapidly into a highly successful and adaptable conglomerate
Political will on piracy yet to bring firm action Despite heavyweight rhetoric, the global response to piracy lacks funding and a proper strategy
Tonnage tax switch could drive shipping companies away from UK Moore Stephens calls on HMRC to launch consultation over changes
Nine boxes of radioactive bathtaps held in Antwerp Scanner alarms raised but no threat from toxic taps
Viking secures $174m funding German ship financier KfW Ipex and Swiss bank UBS are financing five river cruise newbuilding vessels
Weak charter market hits Belships Revenues in the first quarter fall to $11.5m
US grain houses eye fledgling box swaps New index offers first opportunities for North American farmers to manage freight rate risks
Thinking the unthinkable The International Maritime Organization's Maritime Safety Committee kicks off next week with piracy as the most urgent item on its agenda
The morality of armed protection Charterers have no moral right to demand that other people's crew should be denied armed protection from pirates
Stop viewing LNG demand in the rear view mirror I like to think of natural gas as the bridge to the future
Dunkirk box volumes surge 28% First four months of 2011 see containers, hydrocarbons, liquid bulks and grains all on the rise
New York braces for fresh round of development With competition from an enlarged Panama Canal closer, the PNYNJ is making $283m worth of improvements this year on top of $2bn invested since 2002
Website launch helps shippers find ideal Dutch inland box terminal InlandLinks project could be expanded across European Union if successful
Diana boosts earnings on larger fleet Palios-led dry bulker owner beats forecasts as container spinoff makes money in first quarter
P&O Ferries to shed 17 officers from onboard services Cost-cutting policy bites on shortsea routes
J Lauritzen secures $550m of contracts with Petrobras Dan Swift and company's three shuttle tankers all tied to Brazilian oil major
Rising bunker bills undermine markets Eitzen Chemical says routes are beginning to see increased rates but fuel cost increases are creating pressure
DHL launches daily rail link between China, Russia and CIS states Transit time of 19-25 days compared with 35-42 days for shipping by sea
STX Corporation to raise $190m to jump start natural resources business South Korean conglomerate keen to continue diversification
Danaos in no rush to add to order book Chief executive John Coustas says speculative ordering is so far limited to the sub-5,000 teu sectors, but needs watching
Indian ports hamstrung by regulation Delegates at Southern Asia Ports, Logistics and Shipping event told lack of private investment reduces competitiveness of Indian shippers
Merger may prompt exit from spot market for Crude Carriers fleet Capital Product would evaluate period opportunities for Crude's VLCCs and suezmaxes, but only if unification wins support of unaffiliated shareholders
IMO to consider guidelines on armed guards Maritime Safety Committee asked to adopt a resolution encouraging wider implementation of Best Management Practices guidelines to avoid and deter attacks
Pirated ship recovered COMMANDOS have rescued a Chinese bulker and its crew from pirates in the Arabian Sea, Beijing said today
Vale's earnings rise 325.6% BRAZIL'S mining giant Vale said today its net earnings for 1Q2011 were $6.83Bn, up 325.6% from the $1.6Bn earned in 1Q2010
Silt worries Mississippi shipping FEAR OF draught restrictions along the Southwest Pass in the US Gulf is causing ship agents to consider contingency plans for vessels
Ultrapetrol swings to losses MIXED-fleet operator Ultrapetrol fell into the red in its latest quarter as ocean shipping losses outweighed improved South American river and offshore returns
EC offers help to Danish yard workers THE EC has approved a multimillion-euro grant to help Danish yard workers find news jobs
CMA CGM adds another SA/Asia service CMA CGM told Fairplay today that it is adding a fourth weekly South Africa/Asia box service by taking space on Mediterranean Shipping's Cheetah service
Off-specification bunkers spark complaints A SURVEY by DNV Petroleum Services has shown that off-specification bunkers are the biggest problems that ship operators face in fuel deliveries
Japan LNG deal sealed JAPAN'S Chubu Electric has signed an LNG contract with the UK's BG Group for up to 122 shipments from various locations, IHS World Markets Energy reported today
Cigarette haul sparks arrests SPANISH police today arrested 10 people at the port of Santa Cruz in the Canary Islands after seizing €2.2M ($3.19m) worth of cigarettes
Vehicle-carrier tax ordered repaid SPAIN'S Supreme Court today ordered €435M ($631.9M) in valued-added taxes repaid in a dispute involving vehicle carriers
Hundreds more smuggled to Italian isle HUNDREDS more illegal migrants have reportedly reached Italy from Africa in the past day
Transnet unveils S. African port schemes TRANSNET has reportedly decided to spend 31.1Bn rand ($4.61Bn) modernising Durban's port in South Africa over the next five years
Handysizes find support JAPAN'S Golden Week holidays have reduced tanker chartering, but Handysizes carrying clean products have found support from congestion in Singapore
Accounting proposals draw warning PROPOSED changes in accounting standards could affect shipowners in Singapore, tax advisers told Fairplay today
Bunker prices plunge BUNKER prices plunged in Singapore today in what traders said was a result of this week's global commodities sell-off
Former YRC CFO Taylor Joins CEVA Sheila Taylor, who abruptly left as chief financial officer of trucker YRC Worldwide in March, will join CEVA Logistics in the...
Amazon Threatens to Halt New Warehouse Plans A showdown between Amazon.com and state governments is spreading as the online retailer threatens to shutter more plans for distribution...
Ohio River Flooding Allows Barge Passage Over Dams Flood waters on the Ohio River are high enough that barges can navigate over fixed dams, the Army Corps of...
BNSF's Rose Pushes Market-Based Approach to Infrastructure When BNSF Railway decides how to invest its money in infrastructure expansion, it looks to the marketplace for guidance. Federal...
Coast Guard Restricts Vessel Traffic on Mississippi The Coast Guard today declared a safety zone for a five-mile stretch of the Mississippi River near Caruthersville, Mo. ...
Textainer Invests $506.5 Million in New Boxes Container lessor Textainer reported higher first quarter profit and said it invested $506.5 million on new dry and refrigerated containers...
Demand Boosts Con-way Revenue 7.2 Percent Transportation and logistics giant Con-way increased revenue 7.2 percent to $1.3 billion in the first quarter, reporting a $6.9 million...
DHS Warns of al Qaeda Rail Plot The Department of Homeland Security, acting on intelligence seized in the raid on Osama bin Laden's hideout, is warning states...
Danaos Posts Profit, Expects Rising Market Container ship owner-charterer Danaos reported a profit of $5.4 million in the first quarter, according to the company. Danaos...
YRC's Zollars: LTL Truck Rates Will Keep Rising Less-than-truckload pricing will continue to rise throughout 2011, as a stronger economy "soaks up" excess capacity, said YRC Worldwide's William...
Union Pacific Boosts Capital Spending, Dividend Union Pacific is boosting its common stock dividend by 25 percent to 47.5 cents per share, and adding $100 million...
Farmers Report Minimal Flood Effects on Grain Shipments Farmers in the mid-Mississippi River region report that the floods have causes little disruption to grain shipments, according to the...
Flooding Slows Midwest Road, Rail Traffic Widespread flooding across the U.S. inland river system is slowing some freight and passenger transportation systems, mainly with road closures...
Liability Limits' Legal Morass Q: I just read the March 21 Q&A on declared value ("Weights and Measures in Freight Claims") and have a...
Viva Mexico! Growth during the 2010 trade and economic recovery was rapid at ports up and down the North American coasts, but...
Room With a Growth View Like the bottom lines of ocean carriers that mostly returned to the black, volume at most of the Top 25...
A Decade Later To many of us, the most striking thing about the crowds that gathered in front of the White House and...
YRC Worldwide Loss Shrinks to $102 Million A surge in freight in March and higher prices buoyed YRC Worldwide in the first quarter but couldn't bring the...
Diana Containerships Posts First Quarter Profit Diana Containerships, a majority-owned subsidiary of the Greek dry bulk shipowner Diana Shipping, posted first quarter profit of $256,829, reversing...
CMA CGM to Launch South Africa-Asia Loop CMA CGM will start a new service linking Asia, Indian Ocean Islands and South Africa on Sunday May 8. ...
Japan Finance Minister Addresses Radioactive Product Rumors Japanese Finance Minister Yoshihiko Noda asked other Asian countries Thursday to "react calmly, based on scientific facts" to rumors that...
Japan Proposes 'Asia Cargo Highway' Japanese Finance Minister Yoshihiko Noda proposed an "Asia Cargo Highway" as Asia's long-term goal to create seamless flows of goods...
Port Nehru Traffic Down 3 Percent Container traffic through India's Port of Jawaharlal Nehru (Nhava Sheva) fell 3 percent year-over-year in April, the first month of...
Illinois Nabs $186 Million in Rejected Florida Rail Funds Illinois has been notified by the Department of Transportation that it will get another $186 million in rail grants, coming...
Low Yangtze raises big problems Drought condition along parts of the Yangtze River are causing navigational problems for commercial vessels transiting the key Chinese waterway, according to anAssociated Pressreport Thursday. A prolonged dry spell in northern and eastern China has...
CEVA taps former YRC CFO Taylor CEVA Logistics has hired Sheila Taylor as chief financial officer of the company's Americas region, based in Houston. Taylor held the same position with YRC Worldwide. As CFO of YRCW, Taylor had responsibility for all strategic and operational fin...
Al Qaeda had sights on rail sector Intelligence gleaned from computers and documents captured during Sunday's raid on Osama bin Laden's compound in Pakistan showed the al Qaeda leader was thinking about attacking the U.S. rail system, according to the Department of Homeland Securit...
U.S. funds Indian aviation safety training The U.S. Trade and Development Agency awarded a $387,282 grant to India's Directorate General of Civil Aviation on Thursday to help train regulatory officials in preparation for increased growth in passengers, flights, cargo and airport infrastruc...
CMA CGM starts Asia/South Africa loop CMA CGM said Friday it is starting a service between the Far East, Indian Ocean Islands and South Africa. The service, which CMA CGM dubs the Shaka Express, will begin May 8 with a rotation of Fuzhou, Xiamen, Kaohsiung, Hong Kong, Chiwan, Singapor...
Executive calls for more dialog over chassis Most container carriers are exiting the chassis business, and they need to have more dialogue with shippers about their plans, said Bill Rooney, president of WFR Solutions and the former president of Hanjin Shipping. Though some steamship companie...
Seaspan, Danaos report improved results Containership leasing companies Seaspan and Danaos reported stronger results in the first quarter than in the same period last year. Hong Kong-based Seaspan reported net profit of $50.6 million compared to a loss of $36.6 million in the same 2010 ...
Two pirate attacks foiled in Arabian Sea Two pirate attacks were foiled in the Arabian Sea on Wednesday and Thursday. Bomb disposal experts from the Italian Navy defused an unexploded grenade on the Evergreen containershipItal GlamourThursday after pirates used rocket propelled grenades ...
Bunker prices plunge double-digits Crude futures fall for the fifth day in a row.
Buckeye to expand storage facility The aim is to bring 3.5 million barrels online in the second half of 2012.
Aegean investor ratings show uncertainty Dahlman Rose downgraded shares of Aegean from a 'buy' rating to a 'hold' rating.
Chiquita hedges future bunker purchases The company has purchased fuel swap rates of $459 per metric tonne for 2012.
CO2 argument favouring scrubbers Converting HFO to distillate fuel producing much bigger CO2 penalty than scrubbing, Bunkerworld conference is told.
Fujairah prices fall in volatile market Volatility means some Middle East suppliers not quoting in the spot market.
Wrist Group makes new acquisition Group says development strengthens its worldwide operations.
MGO prices down $99 in Rotterdam Buyers waiting 'to see where the market is going'.
Straits of Gibraltar: More ships, less bunkers Smaller stem sizes mean suppliers are working harder to maintain supply volumes.
Norwegian yard takes order for another LNG powered vessel Contract shows 'Kleven Maritime's position as a leading supplier of LNG powered vessels.'
Bunker grade cargo sold at 'weak price' Saudi Aramco parcel likely 'to flow east'.
Tanker operator reports fresh losses Eitzen says its freight rates have risen, but so have its bunker costs.
Tanker operator calls for wider use of slow steaming 'Fragmented' market obstacle to speed reductions.
IFO prices in Singapore drop by almost $50 MGO plunged $81 as crude oil sees losses of 8.5%.
Off-spec bunkers the 'biggest challenge' for ship operators in 2010 Problems ship operators expect this year include high prices and fuel availability.
Suppliers 'reckless' not to test fuel Two RCCL ships got seriously off-spec fuel in Mumbai last month, official tells Bunkerworld conference.
Dismantling of derelict vessel speeds up Salvage works on vessel's midsection to last until June.
Cold ironing industry 'needs reality check' Cold ironing costs about $200 for every tonne of CO2 reduced.
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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