First of Vale's mega ships heads for Asia One of Brazilian mining giant Vale's huge iron ore carriers, the world's biggest, will arrive fully-loaded in Asia for the first time next week with a stop in Singapore, according to Reuters Freightviews data.
Shanghai indexes to challenge Baltic's Shanghai Shipping Exchange, based in China's busiest port, will introduce indexes tracking international dry-bulk and oil-tanker rates next year as it challenges London's 267-year-old Baltic Exchange. The Chinese bourse plans to begin trading of derivatives tied to those indexes in May or June, Yu Jun, president of Shanghai Shipping Freight Exchange, said on Wednesday. The products will track shipments to China from Brazil, Australia and the Middle East, he said in Shanghai.
MAI adds third weekly Myanmar-Guangzhou service Myanmar Airways International (MAI) is adding a third weekly service to its Yangon-Guangzhou route. The Southeast Asian carrier operates Airbus A320s and A321s and has cargo agent...
Fesco granted USD 100 million infrastructure loan Fesco has signed an agreement with the EBRD for a USD 100 million loan to invest in the group's infrastructure. Fesco is developing the Vladivostok commercial sea port to accommod...
Californian rail operator investing in safety Engineering firm Parsons was recently selected by the Peninsula corridor joint powers board (PCJPB), which owns and operates commuter rail activities between San Francisco and San...
Tibbett Logistics intermodal development on track in Romania Tibbett Logistics, Romania's largest privately-owned contract logistics specialist, a part of the fast-growing UK-based Keswick Enterprises Group, has taken delivery of its first ...
UK government supports greener vehicles for road hauliers The UK government will encourage the country's road freight industry to buy and use low-emission medium and heavy goods vehicles (HGVs) in 2012 with funding of GBP 8 million (EUR ...
U.S. Xpress adds vans and trucks to fleet U.S. Xpress Enterprises, a leading provider of transportation services throughout North America, recently expanded its fleet to include smaller capacity vehicles, including cargo ...
L-3 introduces new air cargo screening systems L-3 Security and Detection Systems (SDS), based in Woburn MA (USA), has added three new dual-view X-ray platforms to its air cargo screening portfolio for inspecting breakbulk fre...
Geodis Wilson appoints retail and fashion director Gilbert den Bekker has been Geodis Wilson's new retail and fashion market director since 1 December. Based in Paris (France) he oversees the development and expansion of the compa...
New logistics director at SeD Logistique Jérôme Libeskind has assumed the role of general logistics director at SeD Logistique in France. Libeskind was managing director and treasurer of Sogaris, a logistics property com...
Port of Taranto analysing infrastructure potential The Taranto port authority is calling for bids to analyse the port's infrastructure/intermodal system in a domestic and European context and to thus increase efficiency and the ab...
GACAG urges US customs to work with industry The air cargo industry and national regulatory authorities need to continue working together on pilot programmes to test the feasibility of and processes for advance electronic da...
New site for Kühne Logistics University The Kühne Logistics University (KLU) will remain in Hamburg's HafenCity. It will relocate to a 7,000 sqm site in today's SAP building am Grossen Grasbrook 17 as a tenant in 2013 an...
Damco renews Kingfisher contract The logistics and SCM service provider Damco has extended its partnership with Kingfisher, Europe's leading DIY group, and signed a new contract valid to 2014. The contract covers...
TNT Express opens security command centre in Singapore TNT Express has opened a new regional security command centre in Singapore. The facility will monitor trucks and goods moving on TNT's Asia road network, which connects Singapore ...
FAA president resigns Randy Babbitt has resigned his position of administrator of the USA's Federal Aviation Administration. Babbitt was a member of the FAA's advisory board under president Bill Clinton...
Vale VLOCs' Chinese port approval 'is not a sprint, it is a marathon' Head of iron ore says patience is key to securing permits to berth 400,000 dwt ships
Vale's answers still beg questions Senior executives were ready to answer questions at Vale's investor and press day in London, despite months of what seemed like dodging
Diana Containerships poised to buy Hamburg Süd boxship pair Cap San Lorenzo and Cap San Augustin subject to failed Euromar bid
West Mediterranean box trades lead price drop Price weakness reflects slow cargo growth
EXCLUSIVE: Sovcomflot defies quarterly loss to press ahead with offshore plans Company on course to make a profit this year and next
LNG shipping rates quoted at $150,000 per day Only one spot market ship available in the Atlantic
Brazil soyabean exports boom Weak US crop causes demand to shift to southern hemisphere out of season
Pacific supramax rates dip to three-year low Brokers urge owners to lay up tonnage
China set to smash traditional product tanker triangulation Chinese to cut out gasoil leg over fears of cargo contamination
CMA CGM and MSC offer alternative to Daily Maersk Customer service tops agenda as big three box lines go head to head on schedule reliability
Piracy, calumny and hypocrisy The pirate threat shines a harsh light on the long and slow foundering of the sovereign system of states
Bah Humbug Someone has to man the office during the Christmas party season, but why does it have to be me?
Syria stymied by new US and EU sanctions The world depends less on Syria than Syria depends on its crude-oil customers
Norway to wind down offshore credit agency Eksportfinans to immediately commence preparations for a controlled run-off, which will most likely take several years
Pacific Drilling's New York listing confirms offshore strength Recent prospectus yields insights into Norwegian export credit body Eksportfinans and its interplay with commercial banking lenders
DCT Gdansk dismisses Kaliningrad threat Planned Russian container hub has stalled as Polish terminal presses forward
Russia eyes foreign box port investors Rosmorport courts foreign box terminal operators to invest in new capacity
Chinese regulation remains biggest worry for foreign insurers Tough environment no barrier to new foreign insurers as marine segment grows
Risk averse While ships have been getting bigger, salvors have not been keeping up with industry progress
Demand for chemicals boosts InterBulk revenues Pre-tax profits tripled after net interest expense falls
Reinigert slams risk-averse salvage industry Global emergency response teams needed to deal with outsized modern ships
Chinese pollution regulation will not be postponed New rules will come into force in January despite lack of vital information
Lorthiois leaves Port Fund Founder leaves company to join Samsung Construction and Trade
Special meeting approves Horizon Lines reverse stock split Jones Act company's challenge to NYSE delisting to be heard in February
Penning calls off meeting on Dover privatisation Ports minister cites 'urgent Parliamentary business' on drink-driving measures
Auckland faces industrial chaos Second dockworker strike begins today
Two killed in box blast AN INDIAN freight centre is closed today, Fairplay was told, as police investigate a fatal container explosion last night
S&P warns tanker owners FALLING asset values and weak rates put tanker owners at risk of breaching financial covenants, S&P has warned
Qatar-Japan LNG deal signed QATARGAS has signed of an S&P agreement to supply LNG to Chubu Electric Power and Shizuoka Gas, IHS World Markets Energy reported today
Sinopacific embraces offshore SHANGHAI'S Sinopacific Shipbuilding said today the group is diversifying into offshore vessels, marking its move with the opening of an office in Norway, where many leading offshore suppliers are based
MIT to double capacity PANAMA'S MIT said it plans to double capacity to 4M teu to prepare for the post-Panamaxes transiting the Panama Canal after 2014
Rosneft Marine closes bunker deal ROSNEFT Marine said today it has won an exclusive contract to supply bunkers to Sakhalin Energy Investment's tanker fleet
Yangshan turns on radiation checking gear SHANGHAI'S deepwater Yangshan port has started operating radiation detection equipment
Richards Bay coal totals drop m/m RICHARDS Bay Coal Terminal has said its exports fell in November month on month, to 6.21M tonnes from 7.4M tonnes in October
EEH KG house switching to containers HAMBURG KG house Elbe Emissionshaus has diversified into container equipment investments because ship finance opportunities are scarce
EC extends shipbuilding aid THE EC HAS decided to extend its special aid regime for shipbuilding for two more years, from 1 January
Winter box services merge BOX GROUPS whose ships link Asia, South Africa and the East Coast of South America today said they plan to combine winter services
Captain fined in pollution A RUSSIAN captain of a Netherlands-flagged vessel has reportedly been fined and his vessel released after a pollution guilty verdict in Georgia
Ship stranded in Bering Sea A VEHICLE carrier remains adrift today in the Bering Sea after its rudder failed in rough seas, the US Coast Guard confirmed
Drybulk waits rising SNARLS at major drybulk ports are worse for the second straight week, with vessel queues at Newcastle rising to 63, from 61 last week
Lewis: Big 3 get LNG sorted out SHIPPING analyst Janet Lewis has affirmed that Japan's Big Three have got it right for LNG shipping - even as they are struggling in the box sector
Cargolux Sees Second Straight Double-Digit Drop Freight traffic at Cargolux Airlines dropped 10.8 percent in October, the second straight double-digit decline at Europe's largest freighter operator,...
West Coast Port Workers Prepare for Occupy Protest Longshoremen and harbor truckers are preparing for possible disruptions on Monday when the Occupy movement intends to shut down West...
Environmental Groups Fight Savannah Port Deepening Environmental groups in Georgia and South Carolina filed an appeal with the South Carolina Administrative Law Court on Thursday challenging...
Kuehne + Nagel Adopts IAS Drayage Tracking Software Kuehne + Nagel has adopted cloud-based software to better track and communicate with container drayage haulers. The Swiss...
Thai Floods Cause Shortfall in PC Shipments Shortages of hard disk drives caused by the flood in Thailand will result in a shortfall of 3.8 million shipments...
Truck Crash Deaths Rose 8.7 Percent in 2010 Truck-related fatalities rose 8.7 percent last year, reversing a long-term trend, while overall highway deaths dropped to their lowest level...
FMC Looks to Allow NVOs to Jointly Contract Shippers The Federal Maritime Commission agreed Thursday to move forward with a long-stalled proposal that would allow unrelated non-vessel-operating common carriers...
Truckload Carriers Bullish on 2012 Rates A large majority of truckload carriers expect freight volumes and truck rates to rise next year, according to new survey....
Five Carriers Consolidate Asia-South America Services Hamburg Sud and Maersk Line will combine a Asia-South America service with a service operating by CMA CGM, CSAV and...
MSC Says Carriers Must Deploy Larger Ships Mediterranean Shipping Co. said carries must deploy the biggest vessels possible on the Asia-Europe trade to minimize losses, according to...
Shipping Corporation of India Scales Back Fleet Expansion State-owned Shipping Corporation of India is scaling back its fleet expansion plan after suffering two consecutive quarterly losses. Indian...
Korean Air Cargo Tumbles in Third Quarter Korean Air's cargo traffic fell 5.9 percent in the third quarter, and the world's largest international freight airline said it...
Schenker Khimji's LLC to be set up in the new year Berlin-based DB Schenker Logistics and its long-term partner, Khimji Ramdas, are to strengthen their relationship by establishing a joint venture company in Oman ...
Tiran acts as agent for Easyfresh in Israel Valencia (Spain)-headquartered EasyFresh, which is an alliance of independent reefer logistics service providers, has entered into a collaborative arrangement with ...
Raising Bayonne Bridge a major focus of PANYNJ 2012 budget The Port Authority of New York and New Jersey (PANYNJ) is planning to lay out USD15.2 million on raising the Bayonne Bridge next year as part ...
Shippers voice opinions on MSC/CMA CGM vessel sharing deal The European Shippers' Council [ESC] has transmitted mixed signals over MSC and CMA CGM's vessel sharing agreement. On the one hand it welcomes the opportunity ...
Antwerp to assist in development of Cote d'Ivoire's San Pedro port Port of Antwerp International (PAI), the consultancy, development and global investment arm of the Port of Antwerp Authority, has signed a memorandum of understanding ...
Auckland dockers offer olive branch The 300 plus Ports of Auckland [PoA], New Zealand dockworkers have cut back their planned 48-hour strike, due to start from tonight, to a one day stoppage from ...
CMA CGM clarifies its position in Asia/N Europe tradelane Following MSC's announcement yesterday regarding the impact of its new vessel sharing agreement with CMA CGM on its services operating between Asia and Northern ...
China preparing for 'severe' slowdown in exports Data to be released at the weekend will show a sharp downturn in Chinese exports to Europe and the US with the world's second-largest economy preparing for 'severe ...
Fuel still leaking from wrecked containership 'With the continuing swells we may see more of this oil come out,' official warns.
European market stable Hamburg market sees more activity.
Fujairah market softens Suez market sees little demand.
Asian refiner seeks low sulphur fuel oil cargoes Move 'could be prompted by expectations of higher premiums for LSFO products.'
Cockett Marine Oil makes appointments to Copenhagen office Nils Flemming Rasmussen is to be General Manager.
Russian supplier signs Far East deal Rosneft Marine will supply crude tankers and LNG carriers.
Bunker prices soft in Asian markets Supplies fine at major ports in Asia on Thursday.
Singapore onshore fuel oil stocks falling Healthy demand in Singapore 'a factor'.
'Negative market' sees Singapore supplier cut capacity Smaller vessels more 'viable' says source at First Oil.
Pakistani bunker suppliers ready for new sulphur cap Local refiners have been producing IFOs with sulphur content below 3.50%, say suppliers.
New IEC release looks to standardise global cold ironing operations IEC/ISO/IEEE 60092-510 will remove 'some of the uncertainty' cold ironing investors face.
Fourth law firm to investigate Andatee Investigation concerns 'possible breaches of fiduciary duty and other violations,' by Andatee's board of directors, says law firm.
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