Freight rates to plunge on rising ship supply At a time when analysts anticipate record profits for the biggest mining companies and a third year of gains in commodity prices, shipping lines carrying raw materials are set for the lowest freight rates since 2002.
Russia abandons search for fishermen Russia yesterday abandoned its search for at least 11 fishermen missing since their vessel sank in heavy seas off Sakhalin Island four days ago.
Snowfall pares Air France revenue by 70m euros Air France-KLM said yesterday that bad weather in December that led to the closure of airports across Europe has cost the company an estimated 70 million euros (S$117.4 million).
Safi Airways suspends Kabul-Frankfurt service Safi Airways, a privately-owned Afghan international carrier, suspended its Frankfurt-Kabul link today. The carrier said it was particularly frustrating to become a victim of the E...
Russia preparing plans for a high-speed rail network Russia Railways (RZD) wants to construct a high-speed rail network. The studies foresee a 660 km long connection from Moscow to St Petersburg. Once the scheme obtains government ap...
WCA Family recruits three new senior managers The WCA Family, which is steadily and consistently expanding, has recruited three key new managers, in order to best serve its members' growing needs. Daniel James March has been t...
First intermodal train uses Perthus tunnel to traverses Pyrenees The BarceLyon Express, connecting the Spanish port of Barcelona with Lyon (France), has become the first intermodal train to use the Perthus tunnel, south of Perpignan to traverse ...
Deutsche Post DHL modernising vehicle fleet Deutsche Post DHL recently received the first Mercedes Benz Sprinters from a total of 1,300 vehicles at the Mercedes-Benz Cologne/Leverkusen branch. The vehicles, which will be del...
South Carolina completes truck survey The South Carolina State Ports Authority (SCSPA) has completed the first truck survey in the USA's southeast region and is collaborating on a regional programme aimed at helping tr...
Ruslan An-124 fleet certified as compliant with noise regulations in Australia The Australian department of infrastructure and transportation has confirmed that all Antonov An-124 aircraft managed by Ruslan International are exempt from a recently-introduced ...
Port of Marseille aiming to handle 5 million teu by 2015 The port of Marseille believes that the further development of its multimodal transport chains represents a great growth opportunity. The move will bring the hub closer to its targ...
Varova appoints Jasmin Tainio as vice-president The board of directors of Varova, an international transport and forwarding company based in Helsinki (Finland), appointed Jasmin Tainio as vice-president on 1 January. Tainio will...
Disadvantages feared for Baltic Sea shipping industry IHK Nord, northern Germany's federation of industry and chambers of commerce (Arbeitsgemeinschaft Norddeutscher Industrie- und Handelskammern), recently sent the EU Commission a po...
Californian ports to test new technology to cut vessel emissions A USD 3.4 million project, co-sponsored by the ports of Los Angeles and Long Beach and starting in spring 2011, will test an innovative air pollution-reduction device called a ...
Shell leads list as top dirty tanker charterer Asian oil companies displace trading giants to take leading positions
VLCC pair chartered to store crude First two tankers for floating storage taken for 2011 for Cushing Oil
Grand China Logistics sells panamaxes Grand China Logistics has reportedly sold two panamax bulk carriers for $39.5m each that are under construction at the Jinhai Heavy Industry shipyard, in which it holds a 50% stake
Technomar purchases Asian boxship for $27m Greece's Technomar Shipping has bought another boxship, paying $26.6m for the 2003-built, 2,767 teu OOCL Xiamen
Baltic Dry Index hits 20-month low as capesize rates tumble The Baltic Dry Index dropped 24 points to a 20-month low of 1,495 today, a fall of more than 30% since it began its most recent decline at the start of December 2010
VLGC rates slip as more ships return from lay-up A busy start to the year in the very large gas carrier spot market did little to halt the steady decline in vessel earnings, based on the Baltic Exchange's liquefied petroleum gas index
Concern over Eagle Bulk exposure to Korea Line Dry bulk owner has charters worth in excess of $700m with troubled line
Takeover brings much-needed capital for Oceansaver Singapore's BW Group and Investinor, a Norwegian state-owned innovation fund, buy manufacturer of one of the first ballast water treatment systems
Biofouling guidelines set to crack down on hull coatings Mandatory record book to include entries of all in-water and out of water hull cleaning and dry dockings where the hull is renewed or replaced
Ready to hedge your bets on derivatives? Index-Linked Container Contracts could be a major step in stopping carriers and shippers reneging on contracts
Prospecting in drilling market finally promises pay-off The offshore business has discovered a richer vein of demand again at just the right time for the company's expansion programme
DryShips swerves back on to its action-packed course Fireworks, a whiff of controversy and an almost hyperactive pace in unveiling new business: all signs that George Economou's DryShips is recovering its old form
Charterers warned over Australia flood risks Highlights problems that may follow disruptions caused by flooding
Stockholm gets nod to build new box terminal Environmental Court of Appeal rules construction can go ahead
STX France to build Hapag-Lloyd cruiseship Hapag Lloyd Cruises behind newbuilding order
LA and Long Beach team up to cut air pollution Rival ports to test scrubber device on trial calls by APL boxship
Oltmann launches heavylift fund KG house to finance newbuilding for German owner J'ngerhans
Elbe dredging gets Berlin backing Federal transport minister expects work to start at the end of 2011
HSH Nordbank boosts ties with Chinese bank Banks ink operational collaboration agreement
Georgia urged to intervene in tanker hijack case Families of crew held hostage on Olib G. step up pressure on government
Team Lines beefs up Scandinavia service Extends its services between Germany and Scandinavia
Hanjin Heavy silent on $223m bond sale talk Shipbuilder understood to be on verge of selling three-year bonds
Dover welcomes Spirit of Britain P&O Ferries' new ship to enter service on Dover-Calais route on January 21
Setting a trap Europe's New Inspection Regime aims to provide greater differentiation between good and bad operators
Singapore knocked off its perch Spectacular growth at Shanghai has seen container volumes double over the last six years to 29m teu
Vinashin to receive state loan one month early Government confirms it will bring forward loan to struggling shipbuilder to February 15
VLCCs' youth thwarts scrapping solution HOPE that shipbreaking will ease the pressure on the bloated VLCC sector is unfounded, according to EA Gibson.
Box rate rises scuppered CONTAINER freight markets have been unimpressed by carriers' proposed rate rises of $250-300 per teu on the Far East/Europe route from 1 January.
Capesize rates shed 7% DAILY rates for iron ore and coal-hauling Capesize vessels shed another 7% to $11,900 today, amid persistent vessel oversupply, but Panamax and Supramax rates recovered slightly.
SNRH of France reportedly put into liquidation KOTUG's Le Havre towage subsidiary SNRH has reportedly been put into liquidation by the Le Havre Court of Commerce.
Bank sees drybulk recovery BOA MERRILL Lynch has forecast improvement in drybulk freight rates in 2H11.
Cruise cocaine smugglers sentenced in UK A BRITISH court has sentenced six people to a total of 87 years for trying to smuggle cocaine into the UK on a cruise ship, according to the UK Border Agency.
Arun LNG production could fall by 24% EXXONMobil has warned that LNG production from its Arun LNG Plant in Indonesia's Aceh province could drop by 24% in 2011, IHS World Markets Energy reported today.
Drybulk S&P defies BDI fall RECENT sharp BDI falls have not stopped owners from placing new drybulker orders, nor has it affected second-hand values of drybulkers, according to a sector broker.
Subsea 7 trading after merger with Acergy TRADING started today on Oslo bourse in shares of Subsea 7, the Norwegian seabed-to-surface engineering group, after its merger with Luxembourg's Acergy.
Richards Bay urges improved port-rail links THE CEO of South Africa's biggest coal terminal has told Fairplay that the country's rail system must be improved to allow a further rise in shipments.
Box rise advances Shanghai growth plan BEIJING has promised to keep pushing in Shanghai even as the port officially overtook Singapore as the world's busiest container port.
Box balance seen in '11 CONTAINER trades are entering the year with supply and demand balanced about right, in contrast with other shipping sectors, according to a key analyst.
Cruise crewman killed A CREWMAN on Holland America's cruise ship Volendam has been killed during a lifeboat maintenance drill in Lyttelton, New Zealand.
Mica Plans Field Hearings on Surface Transport Bill Rep. John Mica, R-Fla., who chairs the Transportation and Infrastructure Committee, intends to start a process in February that can...
LAX Freight Falls 2.6 Percent Freight traffic at Los Angeles International Airport fell 2.6 percent in November, the first decline the major trans-Pacific gateway has...
Diesel Edges Up for Sixth Week to $3.333 per Gallon Retail diesel prices slowed their six-week climb after the first of the year as crude oil futures declined. The average...
Two Indicted in NY-NJ Dock Probe New Jersey indicted on charges of loan-sharking and money laundering two men accused last April of participating with a longshore...
Ambassador Bridge President Jailed Dan Stamper, president of the company that owns the Ambassador Bridge, was jailed Monday on contempt charges by a Wayne...
Cargo Growth Slows at Air France-KLM Cargo traffic at the Air France-KLM airline group grew 2.1 percent in December, the slowest year-over-year growth rate since July,...
CSAV Adds Savannah to All-Water Loop Chilean carrier CSAV is adding the Port of Savannah to the port rotation of its all-water service from Asia to...
Mica Says Highway Funds Won't Be Diverted The new chairman of the House Transportation and Infrastructure Committee said he has a clear understanding from House leaders that...
2011 Capacity is King For Jonathan Gold, 2010 was a year for lessons. For Donna Lemm, 2011 is about hope. And for...
PSA's 2010 Throughput Climbs 14.4 Percent Container throughput handled by Singapore-based port operator PSA International increased 14.4 percent to 65.12 million 20-foot equivalent units at its...
New Rule Blocks Hazmat Exports to Thailand Some ocean carriers are suspending delivery of hazardous materials at Thailand ports because of a new Thai regulation requiring advance...
MSC Hikes India-Europe Rates Mediterranean Shipping Company announced a general rate increase on the westbound trades from India to Europe and the Mediterranean, starting...
Shanghai Becomes World's Largest Container Port Shanghai overtook Singapore as the world's busiest container port in 2010, helped by continuing growth in Chinese trade and the...
Power Departs JOC, Oldenbrook Named Publisher UBM Global Trade President John Day announced that Liam Power, publisher of The Journal of Commerce since 2008, is leaving...
CB Richard Ellis's Blaine Kelley on the Industrial Real Estate Outlook
World Trade Economic Outlook
State of Shipping Containerized ocean carriers enter 2011 riding a wave of upbeat news. Combined profits where on pace to reach a record...
Gateways to Growth For centuries, seaports throughout the Western Hemisphere have served as economic lifelines, handling the export of goods and services worldwide...
Uncertain Times "Although everyone seems to agree conditions are improving, it's difficult to forecast a continuous upward trend." So writes...
Shaped by the Cloud When the global recession erupted in late 2008, providers of logistics, trade and transportation technologies struggled to make sense of...
Out-of-the-Box Thinking As the industrial real estate industry enters a new decade, the light of optimism is shining a little brighter than...
Third-Party Logistics: Near-Term Clarity Slow U.S. economic expansion will keep North American third-party logistics revenue growth in the single digits through 2011. As part...
Higher Cotton Prices Loom Apparel was at the forefront of the low-cost, outsourced manufacturing revolution, and the business of making shirts in South Asia...
Air Cargo Sees Steady Ascent It would be hard for the global air cargo business to grow any faster in 2011 than it did last...
Which Exit to M-95? Scott Douglas believes marine highways are not only a possibility, someday they're going to become a necessity. Just when is...
Railroads Have Off-Road Ambitions Union Pacific Railroad expanded its intermodal volume about 20 percent in 2010 from 2009, and did that at a remarkably...
Game-Changing Rail Strategies For America and Americans, the future has always been about the hope of a better tomorrow, which means two things:...
Carving Out Truckload Capacity Trucking companies have been eliminating capacity since 2007, after "pre-purchasing" a glut of new tractors in 2006 to avoid higher-cost...
When the Price is Right Largely dormant in the recession, merger-and-acquisition activity in trucking is reviving as the recovery boosts the value of companies and...
Trucking Grips the Wheel Trucking executives are still cautious about the state of the economy and the business outlook for 2011, but they're much...
Long, Winding Road to Recovery This will be a turbulent, eventful year for trucking, dominated by capacity issues, primarily on the truckload side. Fueling the...
On the Way Up From a Cyclical Downswing Amid rampant fears of a "double-dip" a year ago, we predicted ' correctly ' the U.S. economy would not backslide...
Cotton Boxed Out? All of the stars are aligned for a huge year of U.S. cotton exports. The only question is whether trucking...
Weaving a Boom Market With production strong, prices near record levels and export opportunities booming, the U.S. cotton industry looks poised to have one...
Breakbulk Up for Grabs The best news for many breakbulk and project operators looking toward 2011 is that plenty of new capacity is entering...
Pacific Carriers Embracing Lean Inventory For U.S. importers in the trans-Pacific, getting goods out of Asia in 2011 may amount to a case of you-get-what-you-pay-for....
Trans-Atlantic Faces Test Trans-Atlantic trade is supposed to be relatively insulated from isolated economic woes in the United States or Europe, but that...
Sustaining Shipping's Growth By any measure, 2010 was as good a year for container shipping as 2009 was bad. U.S. containerized ocean trade...
A Security Gap in Washington Looked at one way, federal agencies have done a commendable job in implementing congressional wishes to secure the nation's supply...
The Year of the Driver The message to truck drivers is clear: Fasten that safety belt, put down the cell phone and stop texting. ...
Ground Shifts for Railroad Regulation After more than three years of struggle between railroads and disgruntled freight shippers over how to write industrywide rules for...
Building a Fork in the Road The bad news for transportation policy as 2010 ended was that Congress again put off tackling long-term issues, and kicked...
New Sheriff in Town Senate Republican Leader Mitch McConnell of Kentucky clearly will hold a lot of cards in the Congress of 2011-2012. Any...
Rx for Customs Compliance It's been almost 11 years since I left the public sector after 21 years at Customs headquarters in Washington as...
Shanghai tops Singapore in container volume The Port of Shanghai shot past the Port of Singapore in 2010 to become the world's busiest container port. Shanghai saw container volume last year rise 16.2 percent to 29.1 million TEUs, surpassing Singapore's 28.4 million TEUs, up 9.7 percent fro...
World Courier opens Guangzhou office World Courier said it has opened an office in Guangzhou, China. The Stamford, Conn.-based firm highlights its experience offering logistics services to the pharmaceutical industry for products in clinical trials and products requiring a cold chain,...
Oracle updates transportation-trade software Oracle Corp. said Monday it is releasing versions 6.2 of Oracle Transportation Management and Oracle Global Trade Management. The software "provide additional transportation and global trade management support through enhanced fleet management, tr...
India ponders state-owned logistics company Three of India's major state-owned cargo transportation and warehousing companies are eyeing a joint logistics operation, according to a report last week in one of India's largest newspapers,The Hindu.The report suggests that the Shipping Corp. of...
Florida keeps freeze-vulnerable crops trucking Florida Agriculture Commissioner Adam Putnam said Friday that a state order relaxing trucking restrictions so farmers can transport freeze-vulnerable crops has been extended to Jan. 14.The order was set to expire on Jan. 7. The initial order was p...
Lekites, UPS Airlines president, retires Robert L. 'Bob' Lekites, president of UPS Airlines, will retire after 36 years with the global logistics company. Lekites As president of UPS Airlines, Lekites had responsibility for all aspects of the company's airline operations as well as Worldp...
International Shipholding adds bulkers International Shipholding Corp. said last week its wholly owned subsidiary, East Gulf Shipholding, took delivery of the first two of three new 36,000-deadweight-ton bulk carriers. The ships are being built by Hyundai Mipo Dockyard Co. in Ulsan, Kor...
Maersk to speed up Europe/WCSA loop Maersk Line is speeding up a service connecting Europe and the west coast of South America, according to American Shipper affiliate ComPair Data. Starting Jan. 15, the carrier's Andean 1 service will operate with six ships instead of eight (with on...
Evergreen augments China/India capacity Evergreen Line''s newstandalone service between China and India has commenced , according to American Shipper affiliate ComPair Data. The CIX2 service has a rotation of Xingang, Qingdao, Shanghai, Ningbo, Hong Kong, Singapore, Tanjung Pelepas, Port...
4 lines add Europe/South America service United Arab Shipping Co. said it will launch in March a new service between Europe and the East Coast of South America with Hanjin Shipping, COSCO and Compania Chilena de Navegacion Interoceanica (CCNI). UASC said its SAM1 service will deploy six v...
Cleantec redelivered from Fayard Fayard A/S has redelivered the Chinese owned bulk carrier Cleantec after repairing the damage caused by the collision with the container carrier Frisia Rotterdam. The repair work was finished
Drunken Dutch captain on Dutch vessel The captain of the Dutch cargo vessel Dongeborg was intoxicated when the vessel ran aground on the southern coast of Læsø on January 3. The Danish Naval Command got suspicious
Shell refinery in 'startup mode' Shell declined to comment on when the refinery would return to full operation.
Bunker market firm in Fujairah Tight avails in Middle East hub.
Calls for ban on ships over 25-years old Indian committee reviews report on Chitra sinking.
Bunker prices steady across key ports Congestion at loading stations in Rotterdam.
Bunker players call for open competition at new port Sri Lankan Ports Authority told to take a 'proper strategic approach to bunkering'.
Vessel efficiency database logs 25,000 visitors 'This is just the beginning,' says Peter Boyd, COO of Carbon War Room.
Week starts with mostly firm bunker prices Average demand at key Asian bunker hubs, traders say.
Singapore bunker sales to reach 'new benchmark' in 2011 China bunker sales 'slow to catch up' despite rising containership traffic, says Poten & Partners.
Colombo supplier sees 'bullish' bunker sales Performs single biggest delivery of IFO 380 during the last week of 2010, says general manager.
LNG-powered ships a potential 'commercial alternative' Stakeholders in the shipping industry now considering LNG, says director of LNG Marine at Hamworthy.
Brightoil shares at record high $4 billion bank deal lifts shares of the company to its highest closing price ever on Friday.
IFO 380 avails to tighten in Hong Kong On delayed replenishment from Sinopec, traders say.
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