Maritime Week may draw record participants THE sixth Singapore Maritime Week (SMW) - which promises to be the largest yet - was launched yesterday at the Suntec City Entertainment Centre Atrium.
Philippines' ICTSI wins 2 port contracts MANILA-BASED container port operator International Container Terminal Services Inc (ICTSI) has bagged two major port contracts in India and Subic Bay
Baltic index sinks further The Baltic Exchange's main seafreight index, which tracks rates to ship dry commodities, ended the week at its lowest in over a month as slower business continued to bite.
Russian transport minister wants better connections for Domodedovo The Russian transport minister, Igor Levitin, has called for the construction of another access road to Moscow's Domodedovo airport, or a massive expansion of Moscow's Kashirs...
New Zealand penalises BA and Cargolux The High Court in Auckland (New Zealand) has imposed penalties against two of the international airlines charged in a major cartel proceeding brought by the Commerce Commission. Ca...
Weiss R'hlig launches trans-Siberian railfreight service Service provider Weiss R'hlig has launched a new trans-Siberian container service from the Russian Far East to Russia and Central Asia. The service connects China, Korea, Japan, Ta...
Wabtec signs USD 27 million contract for Metrolink Wabtec Corporation has signed a USD 27 million contract with Parsons to provide equipment and services for the implementation of positive train control (PTC) at Metrolink, a commut...
Global demand for diesel locomotives set to rise According to a study by SCI Verkehr, an independent consultancy company for the transportation sector, diesel locomotive manufacturers can be confident about the future again after...
Spitzer to deliver ADR silo trailers to forwarding company Freund The silo forwarder H. Freund, based in Frechen (Germany), has ordered five silo trailers from Spitzer Silofahrzeuge. Freund operates around 230 silo trailers on international long-...
FAA will mandate inspections for early models of B737 aircraft The US Federal Aviation Authority (FAA) will issue an emergency directive tomorrow (9 March) that will require operators of specific early Boeing B737 models to conduct initial and...
UK Department for Transport proposes longer lorries to help cut carbon The UK Department for Transport just launched a consultation to test reactions to its plan to allow longer articulated trucks. The aim is to increase their length by 2 m to 18.75 m...
IRU tackles road safety in Latin America Committed to contribute to the UN Decade of Action for Road Safety, the International Road Transport Union (IRU) and its Argentinean Member Association the Federaci'n Argentina de ...
SAL puts newbuilding "Lone" into service Just three months after the German heavylift shipping company sent "Svenja", the world's largest heavy-lift vessel on its maiden voyage, the company's fleet has now been ...
ICTSI and LTSB ink port deal in Tamil Nadu (India) International Container Terminal Services Inc (ICTSI) and L&T Shipbuilding Ltd (LTSB) have signed a container port operation agreement for the management and operations of the ...
Cargo throughput at the port of Helsinki continues to increase The port of Helsinki (Finland) has reported that its cargo throughout continued to increase between January and March this year. The port handled was 2.4 million t, about 9% m...
Asco wins UK contract with Perenco Asco UK has announced the award of a 5-year contract extension from Perenco UK. The contract is worth around GBP 21.5 million and covers logistics, transport, fuel and port service...
Wim Bosman Group awarded ISO certification again The Wim Bosman Group, which belongs to New Zealand logistics group Mainfreight, has again been awarded ISO 9001:2008 certification (quality) after an intensive audit week, from 28-...
DHL phases in new logistics centre in Ukraine DHL Freight, a leading provider of road transport in Europe, has just inaugurated a new logistics center in Kalinovka, near Kiev (Ukraine). The 20,000 sqm state-of-the-art facility...
SkyTeam appoints Michael Wisbrun as new managing director SkyTeam has appointed Michael Wisbrun as its new managing director, replacing Marie-Joseph Mal', effective 1 June. As head of the management team, based in the central office in Am...
Palm oil freight rates surge to Growing global demand sees cost of shipping commodity from Southeast Asia to Europe hit $50 per tonne
Tonnage and bunker costs build up in tepid spot market
Tonnage glut drives down West Africa suezmax rates An overtonnaged Africa suezmax spot market that has seen time charter equivalent earnings fall by two thirds in a fortnight to around $10,000 per day, combined with rocketing bunker costs, has prompted some owners to slow steam empty vessels across the Atlantic at speeds as low as eight knots
Record capes deliver in first quarter Sector bucks falling trend in overall shipbuilding market
Baltic falls again as capesizes struggle The Baltic Dry Index fell for the ninth consecutive trading day, dropping 25 points to 1,376, with capesizes taking the biggest hit
Zero freight rates loom once more Europe-Asia price war could result in casualties
First casualty as TCC pulls out of transpacific trades No-frills operator puts an end to China-US service after less than a year of trading to concentrate on its boxship assets
UK to check ships for radiation Spot checks for radiation on vessels that call UK ports after having recently been in Japan
Looming gap in the books Asian banks already involved in ship lending appear to be more focused on building their own positions than buying problematic portfolios from someone else
Watch for crossfire The first victims are likely to be the smaller boxship operators that get caught in the crossfire as the industry heavyweights go head to head
Grin and bear it Ships passing Tokyo Bay area are exposed to less radiation than the average couch potato takes in watching football on the telly
Lamprell in talks to buy rival MIS Takeover approach valued at $333m
Somali pirates free Irene SL Crew of freed NS Lemos-owned VLCC reported to be in good health
Norwegian high-yield bond market lures shipping Market sees significant maritime business, especially in the offshore oil and gas market
Intra-Asia lines feel the pinch as competition hots up Regional carriers move to protect market share as long-haul lines join sector
East Africa's promise sparks flurry of activity Andarko has announced its plans for exploratory drilling in the Liberian Basin
Kosmos raises prospect of $500m IPO Over the past year, the Kosmos stake offshore Ghana has been in play as investors shuffle their ownership
Totting up the costs of exploration The Kosmos IPO coincides with a shift from a "development stage" company into a real oil producer
Battle over Guinea Basin resources Clashes of resource politics are apparent off the coast of Ghana
Barack Obama quietly looks to West African oil US energy policy is now placing an important but unspoken emphasis on overseas oil producers
Akfen group wins Istanbul Deniz takeover bid Consortium submits $861m bid for Istanbul ferry operator
China to take bilateral trade crown by 2030 Move will reducing some of the inefficiencies caused by the current imbalances
Pirates seize German cargoship Susan K hijacked 35 nm from Oman's coastline
Syndicated lending slumps to $10.7bn Lending to marine sector down sharply in first quarter of 2011 since second half of 2010
Japan begins ship radiation checks To check ships and containers leaving Tokyo Bay bound for foreign ports
Golar LNG Partners secures $270m IPO Strong demand and above-range pricing confirm LNG is the 'flavour of the week'
How Japan disasters led to US truck plant closure The present nuclear crisis, following the recent earthquake, reveals the growing importance of deliveries of car components by ship
Egypt beefs up Japan cargo checks Additional inspections for the clearance of commodities imported from Japanese ports
Navios Partners eyes $90m offering to grow fleet Seeks to raise cash from sale of 4m units
Patrick Stevedores faces industrial action across Australia Union claims it has no choice but to undertake work-to-rules and walk outs, alleging Patrick has been intransigent in wage negotiations
TCC cancels US service NORWAY'S The Containership Company is scuttling its China-US service after barely a year in operation
One released, many held INTERTANKO today hailed Irene SL's release, but the tanker owners' group sought to put the episode in context
Ship hijacked off Oman PIRATES today hijacked a general cargo ship just 35 n-miles from Oman in the Arabian Sea, EU NAVFOR reported
Ports seen spared if US shuts down MARITIME functions such as port security would operate as usual even if the US government is closed down by the budget crisis, shipping authorities told Fairplay today
Navios prices follow-on ANGELIKI Frangou continues to tap the capital markets, with Navios Maritime Partners today pricing a secondary offering of 4M common units
Sendai parts exports resume JAPAN'S original equipment manufacturers have resumed shipments from Sendai's port, which was heavily damaged in the March quake disaster, IHS Global Insight reported today
Bank warns on KL ruling BNP PARIBAS has argued that a Chapter 15 ruling that shields vessels chartered-in by Korea Line could have a chilling and potentially disastrous market impact
Venezuelan nightmare ends for officers TWO SHIP officers are back in their Ukrainian homes after being imprisoned on false drug charges in Venezuela for more than three years, Fairplay confirmed today
Golar prices spin-off IPO GOLAR LNG Partners begins trading on NASDAQ today after pricing its IPO of 12M common units at $22
NYK and Thai Oil form venture with VLCC THAI OIL Public and NYK Line have formed a joint venture in Singapore, the Japanese group said today
US sentences pirate again SOMALI Jama Ibrahim has been sentenced for the second time in five months for piracy
Nordea leads lender ranks SYNDICATED loans to shipping and offshore hit $10.69Bn in 1Q11, with Nordea the top bookrunner, Dealogic reported today
Maersk Line Ltd. Wins US Military Contract Maersk Line, Ltd., the U.S.-flag subsidiary of Maersk Line, won a contract for the operation and maintenance of two ships...
ILA Calls Off NY-NJ Strike Threat The International Longshoremen's Association called off a threatened strike at the Port of New York and New Jersey. "We've...
Japan Auto Plants Reopen Amid Supply Chain Woes Japanese automakers plan to resume production at domestic auto plants this month but said they're still struggling with shortages of...
Transportation Shielded in Federal Shutdown Much of the freight transportation system will operate normally in the increasingly likely event of a federal government shutdown, as...
Obama Names Three for Trade Positions President Obama will send the Senate three more nominees for trade jobs in his administration, two for the Export-Import Bank...
TNT Keeps Express Spin-off On Track TNT, the Dutch mail and express company, said it will proceed with plans to spin off its express division in...
How to Effectively Use NRAs The Federal Maritime Commission's new rules on non-vessel-operating common carrier Negotiated Rate Arrangements, which will become effective on April 18,...
Leveling the Playing Field In the 13 years since Congress passed the Ocean Shipping Reform Act, NVOs finally have achieved relative parity with vessel...
NVOs' Changing Tides Just where do NVOCCs fit? No doubt, non-vessel-operating common carriers are an integral part of the international supply chain, but...
Two Tracks After meeting with shippers and freight carriers across continents and across modes over the first part of 2011, it seems...
Semiconductor Capex Spending Soars 143 Percent Worldwide spending on semiconductor capital equipment soared 143 percent in 2010, according to a research report that pointed to a...
Irradiated MOL Ship Cleared for Hong Kong Berth The MOL Presence arrived in Hong Kong Friday afternoon after a test found the level of radiation had declined from...
TCC Ceases Trans-Pacific Operations The Containership Company said weak volume and rates forced it to end niche trans-Pacific service it launched a year ago. ...
India Container Traffic Surges 9.5 Percent The volume of containers handled by major ports in India surged 9.5 percent year-over-year in fiscal 2010-11, the Indian Ports...
US Government Cracking Down on Bribes The U.S. government will not tolerate bribes in the international transportation industry, attorneys and officials told customs brokers and forwarders...
Federal Grant Aids NY Freight, Passenger Rail A $3.3 million federal grant to build 2 miles of track in upstate New York will ease "significant congestion" for...
Trucking Group Backs Mandated Electronic Driver Logs Truck drivers should be required to use electronic devices to log their hours of service, the American Trucking Associations said...
Danaos takes delivery of two 10,100 TEU ships Greek containership charterer Danaos Corp. said it has taken delivery of two new ships. The Hanjin Germany and Hanjin Italy were built at Hyundai Samho Heavy Industries Co. Ltd., and both have a carrying capacity of 10,100 TEUs. The ships commenced 12-...
Maersk ups Mideast-India/North America rates Maersk Line said this week it will raise rates from the Middle East and Indian Subcontinent to the United States and Canada beginning May 1. The increases are $480 per 20-foot container, $600 per 40-foot container, $675 per 40-foot high-cube contai...
COSCO hikes Far East/Persian Gulf rates COSCO Container Lines said this week it is raising rates on shipments from the Far East to the Persian Gulf. Effective April 11, the increase will be $150 per TEU from China, Hong Kong, Taiwan, Macao, the Philippines, Vietnam, Thailand, Malaysia, ...
MSC raises U.S./West Coast South America rates Mediterranean Shipping Co. said this week it is raising U.S. exports rates to the West Coast of South America from May 1. The line will increase rates by $300 per 20-foot container and $600 per 40-foot container from U.S. East Coast and Gulf Coast...
Quinenco takes bigger CSAV stake Chilean conglomerate Quinenco has purchased more shares in compatriot shipping line CSAV, according to a note this week from the carrier. The company has bought an additional 8 percent stake in CSAV, afterinitially buying a 10 percent stakefor aro...
AE1-AE10 rotation details emerge Rotation details have emerged about the splitting of Maersk's Line's former AE1/AE10 butterfly service between Asia and Europe. American Shipper affiliate ComPair Data reported Thursday that the services, which will operate individually, will omit...
Port of New York braces for possible strike Port of New York and New Jersey terminal operators are hoping to avoid a demonstration or strike by members of the International Longshoremen's Association on Monday. Reportedly tensions have flared up because Metropolitan Marine Maintenance Contr...
TCC stops liner operations The Containership Co. a startup container line founded in 2009, has ceased operation of its single service, a transpacific loop connecting three ports in China with Los Angeles. The carrier filed a note with the Norwegian stock exchange Friday sayi...
Bunker prices rise across the Americas Crude futures settled higher as a weaker US dollar paved the way for a surge in oil prices.
Port of Gothenburg offers low-sulphur fuel reimbursements Port is currently working with its customers to 'take its environmental investment to another level.'
Stena RoRo first to sign Triple E contract Tool helps ship operators identify ways to minimise their environmental impact and optimise fuel consumption.
Carbon tax, cap and trade! Smoke and mirrors! Predicament for shipping as oil giants have little incentive for their residual heavy bunker product outside of the shipping sector.
Instability in the Middle East could trigger 'explosive' fuel price rise Companies facing 'out-of-control budgets'.
Bunker prices rise in Fujairah Deliveries available up to and including April 22.
Floating container-port would be world's 'greenest terminal' Floating terminal off the North of the United Kingdom could cut sailing distances.
Big fuel supply changes required in 2012 More than half of current supply will be above global sulphur limit in some ports, high viscosity fuels market to be particularly hard hit.
Rotterdam and Hamburg MGO prices gain double-digits Prompt product tight in Rotterdam.
Creditors seeking arrests 'for relatively small amounts' Maritime lawyer says creditors such as bunker suppliers are swift to chase down debts.
Prices end week firm in Asia Bunker supplies 'sufficient' at key Asian ports, traders say.
Rising prices hit Fujairah bunker demand Bunker prices pushed up by unrest in the Middle East, traders say.
New trader joins KPI Bridge Oil Galione joins company as bunker trader in its London office.
Port of Long Beach 'honours' slow steaming vessels Pollution from ships down by nearly 50% in six years.
Japan bunker ops, supplies unaffected by Thursday's quake Supply and demand in Tokyo Bay 'balanced' with poor demand and reduced supplies, says Japanese source.
EU 'increasingly likely' to impose its own emissions regulations EU likely to subject vessels to caps on CO2 emissions when traveling to and from EU ports, says Carbon Positive.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
