Capesize rents could rise 15% in Q3: consultancy HIRE costs for capesize vessels that haul dry bulk commodities could see a 15 per cent rise within the quarter, said Maritime Strategies International Ltd, after rounding out the first weekly gain in a month.
Kuwait firm on new port KUWAIT has responded to threats by Iraqi militants by saying they will not deter the oil-rich emirate from completing the construction of a controversial megaport between the two nations.
USD 40 million loan for Rift Valley Railways in Kenya The African Development Bank has approved a USD 40-million loan to finance the Rift Valley Railways (RVR) to significantly increase freight transport. The five-year USD 246-million...
UK road freight industry forced to find extra EUR 1.5 bn to fill its fuel tanks UK road freight operators have had to find an additional GBP 1.3 billion (about EUR 1.5 billion) over a 12-month period to cover the rising cost of fuel, figures from the Freight T...
Denmark: foreign lorries now require low-emission zone stickers As of 1 November 2011, foreign lorries and buses must display a low-emission zone sticker on their windscreen in Denmark before they may use the Danish low-emission zones. If it is...
Booming Finnair Cargo starts joint venture Releasing its half year results last Friday, Finnair showed strongly developing cargo demand (+23%) and growing cargo sales (+18%) compared with the same period last year. Nordic G...
Boeing, GECAS finalise order for 747-8 freighters and 777-300ERs Boeing and GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, have finalised a firm order for two 747-8 freighters and eig...
Minority stake in Turkish ACT Airlines acquired by Chinese HNA Group HNA Group Company Limited (HNA) of China, an integrated operator in modern service industry, and Bravia Capital (Bravia) announced that they have entered into an agreement to acqui...
MOL and Höegh Autoliners create Euro Marine Logistics Mitsui O.S.K. Lines, Ltd. (Tokyo) and Höegh Autoliners AS (Oslo) have set up a 50/50 joint venture in Europe, integrating the existing European short sea and logistics activities o...
Port to prepare impact study on grain export facility The Port of Long Beach has begun preparing an environmental impact report on a proposal to build a grain export facility at Pier T on Terminal Island. The Port's "notice of prepara...
ALC welcomes Brian Kruger as new MD The Australian Logistics Council (ALC) recently welcomed the announcement by Toll's board that Brian Kruger will become the company's new managing director on 1 January 2012. "...
Hansa Heavy Lift plans to move to Hamburg In the course of its ongoing corporate development, Hansa Heavy Lift, one of the largest maritime shipping companies for heavylift and project transports, conducted a thorough asse...
Dachser with new local subsidiary in Singapore The German logistics services provider, Dachser, is continuing on its global expansion course and opening its own local subsidiary in Singapore. This makes the centre of finance an...
Turkish-Iranian border crossing Gürbülak to be upgraded for USD 3 million Under an agreement between the Turkish Ministry for Trade and Customs, which was newly established after the recent elections, and the Association of Turkish International Freight ...
JadeWeserPort finishes main quay construction 80,000 cbm of concrete, 80,000 t of steel and 1 million stones for the dams were used to complete the main 1,725 m quay in the JadeWeserPort in Wilhelmshaven (Germany). Work is thu...
Samskip expands activities and invests Duisport will build the new intermodal terminal in Hohenbudberg for Samskip and its subsidiary Van Dieren. The investments for the 120,000 sqm bimodal terminal are EUR 20 mill...
Poste Italiane with lower profits A difficult economy and increased competition hit profits at Italy's state-owned postal operator Poste Italiane in the first half of 2011, but operating costs also fell. The compan...
Lack of buyers sends secondhand values tumbling 40% Secondhand values of 1,100 teu boxships appear to have fallen 40% in the last three months, with two vessels changing hands over the last week at levels around $6m, as a lack of buyers and weak charter rates put pressure on prices
BW Gas buys VLGC pair as spot rates rise BW Gas is understood to have bought two very large gas carriers after acquiring a further two last month, signalling its confidence in this improving market that has seen spot rates for VLGCs hit a three-year-high
VLGC freight rate rises to three-year high of $70/tonne Further rises anticipated on constant stream of Middle Eastern cargoes
Chittagong breakers can import scrap ships until October Court extension allows time to implement tougher labour and environmental safety rules in Bangladesh
Tidal wave of company failures remains unlikely Banks will do their best to avoid becoming shipowners and maritime law firms can help
State of play Shipping bankruptcies
Battle between Cosco and owners intensifies George Economou's Classic Maritime latest bulker operator to win security pending London arbitration
Dog days bare their teeth Orderbook excesses continue to haunt the shipping markets as demand remains flat
The causes of piracy still need to be addressed If the west had spent more money on development causes, we would not have half the piracy problems we face in Somalia and Afghanistan
MOL and Höegh Autoliners in European venture Euro Marine Logistics has ambitions to become one the top three car carriers in shortsea sector
Kiel Canal's decrepit locks raise questions over Hamburg feeders Competition with road haulage could suffer as construction of additional lock chamber in Kiel Canal is held back
Strike ends at Luka Koper Pay dispute resolved
Nautilus warns over training scheme SMarT scheme funding at risk
Saadé dispels doubts over CMA CGM's future No retirement plans for box line chairman and chief executive as plots the company's next moves
OceanSaver installs first high-capacity ballast system Höegh Autoliners car carrier will be valuable testing ground ahead of IMO changes
Scanjet Macro fits fuel tank measuring system to Hapag-Lloyd cruiseship Work on Hapag-Lloyd vessel Hanseatic requires complete upgrading of electronic communication system transmitting data
ShipNet launches YouTube channel First release is seven-minute video showing Voyage Estimator, part of chartering and operations product
Help us in surveying the pace of innovation Lloyd's List wants to know how you rate the shipping industry's innovation efforts
Omani announcement boosts Sohar joint venture All commercial import, export, general cargo and container activities will switch ports from Muscat
Interferry opens Brussels office to boost lobbying of EU Ferry industry's body seeks to strengthen its voice on maritime policy and regulations
ICS presses European Commission to keep shipping out of emissions trading Secretary-general Hinchliffe says CO2 'cannot be reduced effectively and meaningfully' through a regional financial instrument
Rotterdam and Antwerp consider swapping shares Changing structure of European petrochemical sector encourages greater co-operation
Political pitfalls Given the scale and dynamics of globalisation, European ports are going to have to become more closely integrated, but it also requires politicians' co-operation
Box lines' new economics Revenues are down despite a rise in volumes
Mitsubishi Heavy denies Hitachi merger talk MHI president quoted as saying discussions only concerned collaboration between, or integration of, specific business units
OOCL parent's profits fall to $175m Orient Overseas Container Line warns of overcapacity and uncertainty over potential US consumer demand at Thanksgiving and Christmas
China Shipping Group bond sale raises $620m State-owned parent of CSCL taps domestic market, but statement does not indicate how funds are to be used
Nordic American Tankers posts $10m loss in weak suezmax spot market Second-quarter slide compares with $7.9m profit in same period last year
OOIL struggles in first half OOIL, PARENT of Orient Overseas Container Lines, announced today that net profits for the first half plummeted by 86%, as it predicted "disappointing" full-year results
Key copper strike settled WORKERS at the giant Escondida copper mine in northern Chile have voted to end a strike and accept a pay deal, IHS Global Insight reported today
US approves Lake Charles LNG exports THE US Department of Energy has approved Lake Charles LNG's export application, making it the second terminal project to receive the government's blessing
Sesa Goa buys Liberian stake INDIA'S Sesa Goa said today it is buying 51% of Liberian miner Western Cluster, which is developing iron ore mines and associated shipping infrastructure in the African country
CMA CGM plans $100M Kingston scheme FRENCH liner CMA CGM has agreed to invest $100M in the Jamaican port of Kingston over the next three years, IHS Global Insight reported today
NAT widens losses SUEZMAX spot player NAT reported higher losses than expected today and confirmed its increased emphasis on slow steaming
LPG tanker robbed off Indonesia ARMED attackers robbed an LPG tanker off Indonesia today, according to ReCAAP ISC
Why HHL is swapping Bremen for Hamburg NASCENT German breakbulk and heavy-lift carrier Hansa Heavy Lift is trying to make a fresh start with the move of its headquarters from Bremen to Hamburg
Cigarette smugglers caught in Greece A TRUCK driver was arrested over the weekend in Patras on suspicion of trying to smuggle more than 11,000 undeclared cigarette packets out of Greece, Greek coastguards said today
Drybulk rates remain sluggish WEAK ACTIVITY in the Northern Hemisphere summer is keeping drybulk rates low, according to Oslo investment bank Pareto Securities
VLCCs seen capping upside SPOT RATES for VLCC tankers are low but steady as this week opens because of ample supply of tonnage
Hyundai buys Oz iron ore SOUTH Korea's Hyundai Steel said today it has signed a deal to buy iron ore from Australian miner Fortescue
Mumbai struggles with spill INDIAN coastguards are today co-ordinating an oil spill clean-up at the entrance of Mumbai's harbour, after two officers from a sunken bulker were arrested
Matson Profit Plunges 75 Percent Higher fuel costs and weak trans-Pacific results caused Matson Navigation's second quarter operating profit to fall 75 percent to $9.4...
Transportation Stocks Lead Market Dive Transportation stocks took a deep dive on Wall Street on Monday, riding a huge selloff in response to the downgrading...
Matson Ends One of Two China Services Matson Navigation ended one of its China services, citing overcapacity and declining freight rates in the trans-Pacific, as well as...
Rendell: "Super Committee" May Boost Transport Spending Former Pennsylvania Gov. Ed Rendell said Monday a congressional "super committee" appointed to find ways to cut the federal deficit...
Railcar Owners Idled 707 More Units in July North American owners of railcars parked 707 more of them in July, as many categories of freight rail traffic slowed...
Obama Urges Transport Spending, Tax Cut Extension President Obama renewed his call for Congress to quickly approve a new transportation infrastructure investment program next month, and extend...
CMA CGM Invests $100 Million in Kingston Hub CMA CGM will invest $100 million in a major container transshipment hub in Jamaica in exchange for a 35-year lease...
Third-Party Logistics Providers Expand in Inland China Third-party logistics companies continue to invest in warehousing and other supporting capacity in interior provinces of China, as manufacturers look...
FedEx Freight Hikes Rates 6.75 Percent FedEx Freight will raise its non-contract truck pricing 6.75 percent on Sept. 6, the nation's largest less-than-truckload motor carrier said...
Teamsters Ratify Four-Year Car-Haul Contract Car-hauling Teamsters approved a National Master Automobile Transporters Agreement that will raise their wages $1.35 per hour over four years....
Obama Finalizing Truck Fuel Efficiency Rules President Obama is set to unveil final rules Tuesday that for the first time set fuel efficiency and carbon emission...
MCC Begins China-Bangladesh Service MCC Transport, A.P. Moller-Maerski's intra-Asia shipping division, launched a 13-day transit service between China and Bangladesh. The Shanghai 1...
OOIL Sees 'Disappointing' 2011 Outlook Profit at the parent of Orient Overseas Container Line fell 39 percent in the first half of 2011 on falling...
Panama Locks Set for Maintenance Shutdowns Vessel traffic through the Panama Canal will be affected this month by maintenance and dredging. The east lane of...
Japan Extends Punitive Tariffs Against US Japan on Monday extended for a year punitive tariffs on ball bearings and tapered roller bearings imported from the United...
India Ports See Slight Container Uptick Container traffic at major ports in India grew a mere 2 percent from April through July compared with a year...
En Route to Profit Truckload carriers seem to be traveling a different route than the rest of the sputtering U.S. economy. Many reported higher...
Virginia's Clean Sweep The first half of 2011 hasn't been good for the Port of Virginia for reasons largely beyond its control. Although...
Fast Track to the Heartland? Geoffrey Giovanetti has a favorite East Coast port gateway for seaborne imports of wine and spirits destined for the Midwest,...
Calculated Savings Soon after Maersk Line CEO Eivind Kolding challenged ocean carriers to compete on the basis of sustainability in June, Danish...
Red on the Horizon Horizon Lines says it is making "significant progress" on a refinancing announced two months ago, but the financially struggling container...
United We Stand? Most U.S. ports implementing clean-trucks programs are attempting to foster compliance through subsidies to truckers and with public-private partnerships, but...
Clean Trucks Take a Toll Ports from Oakland, Calif., to New York are adopting clean-trucks programs that will require independent owner-operators who in many cases...
Shipping's Gold Coast Peter Tirschwell's July 18 commentary, "Season of the Switch," put a new twist on the East Coast vs. West Coast...
A Road Museum's Lessons Who'd have thought that a museum in Virginia's Shenandoah Valley would point to issues now flaring in Washington about the...
FMC's New Music Man Federal Maritime Commissioner Mario Cordero has a solution for the discordant state of Washington politics: music. "If we gather...
Quiet on the Coalition Front The Longshore Workers Coalition, the intra-union group that has criticized International Longshoremen's Association leadership, was relatively quiet during last month's...
A Family Man A two-month longshoremen's strike in 1977 left Harold Daggett so strapped he qualified for food stamps, but Daggett said he...
Change at the ILA As Harold Daggett basked in the applause of union delegates after his election as International Longshoremen's Association president, loudspeakers came...
Liners in the eye of 'The Perfect Storm' As severe tropical storm Muifa batters the eastern shipping regions of China - the worst atmospheric disturbance for decades and a reminder of the vulnerability of merchant shipping to the elements - ocean carriers appear to be heading for a manmade storm of mega proportions in H2 2011
OOIL's H1 profit tumbles due to 'rate deterioration' on major trades
Markets start steady on ECB move - but volitility remains
'Market conditions' prompts Turkon 4th ship cull
Mexican ports advanced strongly in first half period
Bodouroglou stays busy Michael Bodouroglou holds the helm as Box Ships declares debut dividend following profitable quarter while Paragon takes a hit on drop downs.
Downgrade rips Wall Street Shipping stocks slammed by double-digit declines as news of S&P's US debt rating rocks New York markets.
Greek scraps suezmax Callimanopulos group tanker wing torches 1992-built suezmax in $13.5m demolition deal, brokers say.
MTM tipped as buyer Brokers link MT Maritime Management to $21m chemical tanker transaction with Japanese giant.
PBA on the hunt Indonesian bulker owner transferred to state energy company PLN, which wants to renew fleet.
ASC strike ends American Steamship Co officers return to Great Lakes bulkers as AMO hammers out new labour contract.
Cosco hits new trough Global stock market struggles have dragged shares in China's largest quoted shipping company to a record low.
Rocky rates sting CH Singapore-listed offshore owner ready to pursue expansion despite drop in 2010 profit.
Cape hit a false alarm Fears a dozen pirate skiffs had targeted a German bulker have been dismissed as a misunderstanding.
CSSC rises again Chinese shipbuilder and engine maker posts 2.7% improvement in first-half profit.
Coscol inches up Chinese giant's listed heavy-lift arm pushes up first half profit a fraction.
Wartsila wins Wenchong deal Finnish company to supply eight engines for "Bangkok-max" feederships being built in China.
Woe won't burn BDI Negative economic headlines unlikely to have a strong influence on dry-cargo market, ICAP says.
Vinalines posts first loss Dire markets cover Vietnamese owner's first-half accounts in red ink for only time since it was founded 15 years ago.
Parental support for CSDC Hong Kong-listed owner secures loans worth more than $1bn from China Shipping.
Glitch blamed for crash Report finds faulty dynamic positioning kit led to SBS Typhoon hitting two other offshore ships at Aberdeen.
SSW surges against tide New York-listed boxship owner rises after Cantor Fitzgerald upgrade as other shipping stocks suffer.
SNCM ferry robbed Purser tied up with electric cable on France's Ile de Beaute in Marseille.
Shockwave strikes again Asian shipping stocks take another hammering after US credit rating chop.
Port worker crushed 49-year-old killed after forklift hit by log from Chinese general cargoship at Manila.
China warehousing expansions DHL expands China warehousing DHL plans to expand and upgrade its warehousing to take advantage of increased business in China's contract logistics market. Its Supply Chain division plans to add up to 200,000 square meters of facilities in China in...
OOCL profit slides, cites overcapacity Liner carrier OOCL and subsidiary OOCL Logistics netted a combined $161.8 million in operating profit in the first half of 2011, a 45.7 percent drop compared to the first half of 2010, parent company OOIL said in a financial statement Monday. Firs...
Ship owners support IMO The International Chamber of Shipping is applauding the International Maritime Organization's approach in reducing shipping's carbon dioxide emissions. ICS Secretary General Peter Hinchliffe said recently agreed amendments to Annex VI of IMO's MA...
MOL-CKYH drop Halifax on Vietnam/U.S. East Coast A service linking Southeast Asia with the East Coast of North America will undergo a rotation change at the end of August, according to an operator of the loop. Liner carrier MOL said last week its SVE loop, which it operates with the CKYH Alliance...
APL's transpacific services 94% on-time APL's transpacific services 94% on-time APL's transpacific services 94% on-time Singapore-based liner carrier APL said Friday in its mid-year report on 2011 vessel reliability that APL ships on westbound transpacific sailings missed their arrival ...
Asia/Europe loop drops Hakata calls A New World Alliance-Grand Alliance joint Asia/Europe loops will drop two calls in September, according to a note Friday from Grand Alliance member Hapag-Lloyd. The AEX/NW1 loop, operated with 10 Hyundai Merchant Marine vessels, will drop calls in ...
MCC revises calls on key intra-Asia loop MCC Transport, the intra-Asia subsidiary of the A.P. Moller - Maersk Group, has significantly altered the rotation of one of its key services in the trade, the line said Friday. From Aug. 12, MCC's IA-6 service will have a rotation of Yantian, Xiam...
TNT flies food aid for Somalia A TNT Express plane on Monday took off from Liege, Belgium, with 45 tons of emergency food aid bound for Nairobi, Kenya, to help the United Nations World Food Program (WFP) feed thousands of children in neighboring Somalia. The Boeing 767 transport...
CSX invests in Louisville intermodal terminal Class I railroad CSX last week said its Intermodal Terminals subsidiary is building a $15 million, 34-acre container transfer center in Louisville, Ky., that will be operational by early 2012. The Jacksonville, Fla.-based rail carrier said the Lou...
DHL expands China warehousing DHL plans to expand and upgrade its warehousing to take advantage of increased business in China's contract logistics market. Its Supply Chain division plans to add up to 200,000 square meters of facilities in China in the next two years, in addit...
Middle East markets firm Deliveries available for supply up to and including August 22 in Cape Town.
Losses continue in bunker markets Very few enquiries in Piraeus.
State shipping company records its first loss Vinalines point to high bunker prices and weak freight rates.
Ferry industry in bid to boost its EU/IMO input Interferry to open a Brussels office in a bid to strengthen industry's voice on maritime policy and regulations.
Back to bunkers Fritz J. Fredriksen returns to the bunker industry after a stint at WWF, joining DNVPS.
Bunker spill triggers ban on vessels over 25-years-old Gujarat Maritime Board 'stops older vessels entering port.'
ICS warns against rush 'at the cost of good legislation' Doubts that the UNFCCC or the EU can deliver sensible GHG regulations.
US Navy defends focus on alternative fuels Alternative fuels 'critically important' as hedge against risks of a single source of energy.
High court allows tanker's bunker fuel to be sold Purchase price agreed of $287 per metric tonne.
Bunker prices largely soft as week begins Avails of bunker fuel generally good at key Asian ports on Monday.
Asian feeder box vessels get electronically controlled engines Wärtsilä RT-flex60C engines chosen for Bangkok-max vessels.
Singapore-based supplier moves to new office Moves to new office effective August 8.
Tolson joins Noble Group To develop company's marine fuels business.
Sunken bulk carrier leaking oil off Mumbai coast MV Rak Carrier leaking oil at 1.5 to 2 tonnes per hour, says India's defence ministry.
OOIL posts higher revenues in H1 Despite 'poor short-term outlook, the group remains in good financial health,' says chairman.
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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