Car carriers support Japanese shipping lines Toyota Motor Corp and Nissan Motor Co's efforts to make up production lost after Japan's March 11 earthquake will benefit local shipping lines suffering from lower rates for hauling commodities and containers.
Rise in bookings fails to lift freight rates An increase in supertanker bookings for shipping Middle East crude oil to Asia, the world's busiest route for supertankers, failed to lift freight rates due to a glut of ships, Marex Spectron Pte said in an e-mailed report.
Myanmar to promote civil aviation industry The Southeast Asian country Myanmar is planning to privatise all domestic airport management businesses, to promote the country's civil aviation industry. 32 of the nation's 69 air...
Increasing toll revenue on India's highways Revenue collection at toll barriers on India's national highways has increased continuously over the last three years, by 104% to INR 55.16 billion (about EUR 833 million), accordi...
New international connections improve services for South Australia New Cathay Pacific nonstop flights from Adelaide to Hong Kong will open up faster international connections to Asian and North American destinations. Adelaide airport's managing di...
AA Cargo expands options for pharmaceuticals shippers American Airlines Cargo has expanded its cold-chain service ExpediteTC, to include a new solution for the requirements of cold packaging during transit. The new solution, called Ex...
KOCH-International with new groupage container traffic KOCH-International with new groupage container traffic KOCH-International, a medium-sized German provider of logistical services and network partnerships, now offers weekly groupag...
South Africa's NiDa Transport orders 200 Volvo lorries The South African company NiDa Transport has placed an order for 200 Volvo FMX lorries, with a view to ordering 50 additional units, as Volvo Trucks has announced. The lorries orde...
Dr Malchow named professor at Bremen university The maritime shipping and nautical affairs department of the Bremen University of Applied Sciences has received personnel reinforcement with the appointment of Dr Ulrich Malchow as...
Vale in negotiations with Cosco? The Brazilian mining company Vale seems to be negotiating with Chinese shipping companies on them taking a role in Vale's new freight vessel fleet. This was reported yesterday by R...
New container terminal planned in Indonesia A consortium led by PT Pelabuhan Indonesia Pelindo II plans to build a new container terminal in Sorong in West Papua. Five shipping lines - Salam Pacific Indonesia Line, Samudera ...
Surge in traffic between port of Hamburg and Poland In the first half of 2011, seaborne container traffic between Hamburg and Poland saw a significant surge of 38% to 114,000 teu. In this context, imports and exports from/to Poland ...
SBB Cargo reduces deficit substantially SBB Cargo reduced its deficit by 86% to CHF 7.2 million in the first six months of 2011 (same period 2010: CHF -49.5 million), thanks to improved productivity and major one-off eff...
GLS opens new depot in Belgium Construction work on the first green depot in Belgium recently began in Puurs. The site is simultaneously being switched to a new traffic organisation. The parcel service provider ...
Gefco opens new branch in Upper Austria The French transport and logistics group is continuing its expansion in Austria and establishing a branch in Vorchdorf, Upper Austria. Gefco is taking over the forwarding activitie...
JCL Logistics opens subsidiary in Romania The Graz-based Austrian enterprise JCL Logistics is extending its network and will now be represented with a subsidiary in Romania. JCL can now offer high-level, innovative custome...
Global cellular fleet to grow 20% in a year Lloyd's List Intelligence reveals economies of scale behind many orders
Bunker traders blighted by tight credit Limited access to easy credit means bunker traders have fewer tonnes of fuel oil on the water
Fuel now, pay later under threat The use of credit to fund the bunkering business is becoming expensive
It is ship recycling now, not 'breaking' A gap between perception and reality is obscuring the true scale of the re-use of ships at the ends of their lives
Killing the elderly to save the rich Senior executives in the larger companies are calling for a cull of older vessels, but are their reasons justifiable?
Russia's Arctic waters return to top of the agenda Deal between ExxonMobil and Rosneft for mapping and exploring in the Kara Sea follows tanker voyages through the ice to Thailand
ExxonMobil and Rosneft seal $3.2bn Kara Sea and Black Sea deal Russian oil and gas company to have access to US company's Gulf of Mexico holdings
Harsh environment rigs catch financiers' attention Move to exploit the Russian Arctic means suitable equipment commands premium earning power
HSH Nordbank bid to uncover details of Omega move out of Glencore deal Legal sources describe bank's move as 'much ado about nothing'
MR tankers ballasting across Atlantic due to lack of cargo on benchmark route Owners only making enough money to cover operating costs on US Gulf to Europe backhaul trade lane, say brokers
Transpacific box rates tumble Peak season comes to an early end
'Carnage' forecast for LNG shipping market Delays to production projects will leave new vessels without employment
Russian society promises prompt service to Greek owners stranded by probe Number of vessels affected reaches 34 but about 60 could come under scrutiny
Shipping companies must find alternative funding, says lender Deutsche Schiffsbank chief predicts even German KG market could reinvent its role
Suezmaxes lead slow steaming Mid-sized crude carrier speeds decline almost 9% since February to 12.4 knots
Supramax market stand-off continues Chartering activity is subdued as shipowners aim for unrealistically high rates
US Bill calls for navy to charge for protection Congressmen wants flag states to pay their way
Call for ports to issue guidelines on armed guards Port authorities must make use of guards viable
Shipping singled out in call for boost to US security 'Limited progress' made implementing box scans for nuclear materials, says audit report
Slow steaming VLCCs can save $16,000 a day Fleet speeds have reduced 7% since February and is reason limited lay-ups reported
UK unveils conservation zones plan Proposal shortlists 127 sea areas to be protected from harmful effects of shipping and offshore
Kallas unveils port services initiative Controversial proposals designed to cut red tape
First hulks removed from Piraeus passenger port Veteran ferries have remained tied up for two years since owners' collapse
CMA CGM, like others, will continue to be a slave to vagaries of the market Not until long-term contracts are the norm will shipping achieve stability
Chartworld confirms kamsarmax project at SWS Greek owner aims to renew but is 'in no hurry'
P&O to put European Seaway into lay-up as arrival of larger ferry looms Super ro-ros are already replacing Spirit of Dover and Pride of Dover
Rotterdam port partially closed off after gas leak Police expect to re-open area today
Tankers analysis: They can dress the market up but for many it still looks awful out there Even if a recovery does come about in late 2012 there is still a year of gloom ahead
Time running out for some shipping firms as credit tightens further Banks have preferred to shun forced vessel sales but as conditions worsen, it may be only option
Union dockers block grain train in Longview DOCKERS have tried to block the first shipment of grain to a new EGT-owned export terminal in Washington state
Richards Bay cargoes jump CARGOES of coal from South Africa's Richards Bay Coal Terminal totalled 6.99M tonnes in August, an increase of 60% from July, IHS McCloskey reported today
Greek imports plummet PIRAEUS said today vehicle transhipments revved up 25% year on year from January to August - but vehicle imports dropped 45% at Greece's largest port
OECD warns of 2H gloom SHIPOWNERS and box carriers were given more depressing news today, as OECD published its latest economic outlook
Sloman restarting Libya calls GERMAN carrier Sloman Neptun is the latest company to announce that it will restart liner services into Libya, its UK agent Cory Brothers said
Factors listed in seafarer's death INSUFFICIENT manpower and "poor" seamanship practices were the main causes of a seafarer death in Scotland earlier this year, a Marine Accident Investigation Branch report said today
EC transport tsar to focus on port snarls EC TRANPORT commissioner Siim Kallas pledged today to address delays in port schemes in proposals to be presented by the full commission in 2013
Greek-Russian document scandal strands islanders GREEK islands have reportedly been left without ferry links in the continuing Greek-Russian false document scandal
Secondhand tanker values dive THE SALE of a 1999-built Suezmax early this week suggests a narrowing gap in values of secondhand VLCCs and Suezmaxes amid freight market deterioration, brokers told Fairplay today
Curbs boosting demand for LNG bunkering GLOBAL LNG bunkering could hit 65M tonnes per year by 2030, IHS CERA predicted today
Offshore jitters grip market STOCKS of Singapore rig builders Keppel and Sembcorp Marine dropped today after analysts advised caution amid looming economic uncertainty
Capesizes drop on FFA selling BROKERS told Fairplay today Capesize bulker rates are dropping on concerted selling in the FFA market
TBS wins new grace period BANKERS of perennially embattled TBS International have agreed for a second time to forsake debt principal repayments
Cargo Starts Moving Through Tripoli, Benghazi Ports Security conditions at Libya's ports of Tripoli and Benghazi have stabilized, aside from celebratory gunfire at the capital, allowing international...
Marad To Hold Panama Canal Expansion Forums The Maritime Administration is scheduling public meetings later this month to discuss how the opening of the expanded Panama Canal...
Teamster Candidates Debate, Without Hoffa Candidates for top office in the Teamsters union battled over the fate of multiemployer pension plans, jobs and organizing and...
Mitsui Acquires Portek For $179 Million Major Japanese trading house Mitsui & Co. said on Thursday it completed a tender offer as part of a $179...
Senate Panel Passes Highway Bill Extension The Senate Environment and Public Works Committee voted Thursday to extend surface transportation programs through Jan. 31, 2012, a first...
Bulk Rail Traffic Hits 22-Week High Bulk freight shipments on major North American railroads rose 1.4 percent last week to the highest level since April 2,...
US Transport Security Improvements Since 9/11 The terrorists attacks of September 11 forced the U.S. government to take a closer look at not only the security...
ILWU Protest Closes Ports of Seattle, Tacoma ILWU protestors clash with police near a controversial grain terminal in Longview, Wash. The International Longshore and Warehouse...
Trans-Pacific Benchmark Rate Drops 11 Percent The average spot rate for shipping a container from China to the U.S. West Coast fell 11 percent in the...
Swift Fails to Block Class-Action Suit The Arizona Supreme Court cleared the way for a driver lawsuit against Swift Transportation that could have big ramifications for...
Moody's Downgrades CMA CGM Outlook Moody's downgraded CMA CGM a day after Standard & Poors lowered its credit rating for the French ocean container carrier,...
Cooling-Off Period Starts for Most US Rail Labor A cooling-off period that starts today could soon lead to presidential intervention in contract disputes between 11 national rail unions...
Lufthansa Cargo Charter Expands in Canada Lufthansa Cargo Charter boosted its presence in North America by signing an agreement with Airline Network Services, a U.S.-based general...
US Exports Hit Record High, Imports Fall A surge in July sales of American motor vehicles, industrial equipment and aircraft pushed U.S. exports up 3.7 percent to...
FedEx Considers Orders for 50 Freighters FedEx is mulling buying up to 50 widebody freighters from Boeing and Airbus to update its aging fleet, according to...
OOCL Reduces Emerging Market Currency Risk OOCL is minimizing the accumulation of currencies in emerging markets to reduce its foreign-exchange risks, because hedging costs are higher...
Somali Pirates Free MSC Panama Somali pirates released the MSC Panama container ship this week after reportedly receiving a $7 million ransom for the vessel,...
Irene Cost CSX $10 Million to $15 million Hurricane Irene cost the CSX about $10 million to $15 million in damage and lost business but the railroad expects...
Wal-Mart Expects 'Flatter' Peak Season Wal-Mart is "guardedly optimistic" about the rest of 2011 but sees a trend toward a "flatter" peak season for holiday...
Shippers Say Rail Service Deteriorating Rail service has slipped because of bad weather and cost-cutting that have left railroads without enough train crews to operate...
FMC tells TSA, WTSA to continue filing reports The U.S. Federal Maritime Commissionhas ordered the Transpacific Stabilization Agreement and the Westbound Transpacific Stabilization Agreementto continue to file verbatim transcripts of selected meetings through April 30, 2012. The FMC first orde...
Container lessor sees expanding role The head of the world's largest container leasing company said Wednesday he expects shipping companies to start adding containers to their fleets next year, with many relying heavily on leasing companies for new equipment. John Maccarone, preside...
TBS says banks grant forbearance Breakbulk and bulk ship operator TBS International said Wednesday its lenders have agreed to let it not make principal payments due on loans from Sept. 30 to Dec. 15. "During this forbearance period, the company and its various lender groups will n...
MSC to raise U.S.-to-South America rates Liner carrier Mediterranean Shipping Co. said this week it plans to hike rates on shipments from the United States to the West Coast of South America. The increases are: - $250 per 20-foot container and $500 per 40-foot container from U.S. East an...
CMA CGM refutes default worries French liner carrier CMA CGM has refuted reports earlier this week fromBloombergthat the line is in imminent danger of defaulting on its loan obligations. The newswire's report, based on figures from its in-house Bloomberg Bond Trader service, cal...
MSC to transship North Europe/Oceania cargo Mediterranean Shipping Co. said this week it will alter the way it serves the North Europe-to-Australia trade by transshipping in the Mediterranean instead of providing direct service. MSC will truncate its existing Australia/Europe service, which ...
Evergreen joins MCC in Southeast Asia Evergreen Line is joining an MCC Transport service between Malaysia and Indonesia, the lines confirmed this week. Evergreen will provide one of two vessels on MCC's INA4 service, which Evergreen will call IN4. The service rotation will be expanded ...
MarAd Panama Canal, marine highways workshops The U.S. Maritime Administration has announced a series of public listening sessions and workshops related to the expansion of the Panama Canal and the U.S. marine highway program. The meetings serve as a forum for the maritime industry to present...
DHL signs for 3 Southern Air B777 freighters DHL will add three Boeing 777 freighters, through an agreement with Southern Air Holdings, that will expand the integrated carrier's capacity and boost transit times along key growing trade routes between the Americas, Asia and the Middle East. Th...
Prices rise in Fujairah Cape Town deliveries available for supply up to and including September 22.
Bunker prices firm in Rotterdam Customs have announced strikes for the September 12-13 in Piraeus.
Wartsila and Shell to 'promote' LNG bunker fuel Companies to work together to 'enhance LNG's rapid introduction and use.'
Cockett expands French port coverage Company has been given approval to supply in the ports of Dieppe and Rouen.
Fuel oil stocks fall in Singapore Arbitrage window 'remains shut'.
NGOs call for $25 per tonne levy on bunkers Urge adoption of measure at UN climate change talks in Durban to contribute to $100 billion Green Climate Fund.
Bunker consumption could be 'cut by a third' Next generation of containerships will be more efficient and environmentally friendly, says Germanischer Lloyd.
Gulf Petrochem to set up bunkering desk in Singapore 'We will start fuel oil and distillates trading as well as bunkering out of Singapore,' says CEO.
Asian bunker prices firm up Average bunker enquiries at key Asian bunkering hubs.
Increase in number of bunker disputes, says lawyer Observes a 'growing trend' of major bunker suppliers asking for cash in advance.
Singapore's bunker market to see 'increased consolidation' Supply chain 'is starved of cash', says O.W. Bunker Global Sales Director.
Bunker players must respond to demands for sustainability Capability to deliver cleaner marine fuels among 'new challenges' faced by the bunkering industry, says Maersk Line executive.
Brightoil to post increase in annual net profit Partly due to a 'significant' increase in revenues from bunker sales, says company chairman.
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