Baltic index slips for second day The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell for a second day as slow activity and wider market turmoil hit sentiment.
Tanker demand-oversupply gap widens to 23% A glut of oil tankers competing for Middle East crude expanded as demand for the vessels slowed.
Greater risks seen for longer-duration contracts Contracts to rent dry-bulk ships that haul minerals and grains for longer durations are at greater risk of being torn up, according to Oslo-based investment bank Fearnley Fonds AS.
Railway reform in SE Europe and Turkey could halve transit times Train transit times between Ljubljana and Istanbul could be cut in half - a staggering 25 hours - if much-needed reforms in the rail sector are made, according to a new report by t...
Leighton Contractors and ARTC to deliver Sydney freight line Leighton Contractors has been selected by the Australian Rail Track Corporation (ARTC) to deliver the final stage of the Southern Sydney Freight Line (SSFL) in an alliance contract...
Wincanton investing in new construction fleet vehicles Wincanton, a leading supply chain provider in the UK, has invested GBP 4.2 million (about EUR 4.8 million) in adding 27 new vehicles to its dedicated construction fleet. This inves...
Australia: Linfox orders 100 Volvo prime movers Volvo Trucks has announced that Linfox, one of the Asia-Pacific region's leading logistics operators, has chosen Volvo to supply it with 100 prime movers. The order consists of FM1...
German associations call for quick implementation of EU directives In a letter to the German transport minister, the German Freight Forwarding and Logistics Association (DSLV) and the Association of Service Providers to German Airports (VDF) calle...
IBIA appoints Trevor Harrison as interim chief executive Trevor Harrison has been appointed acting chief executive of the International Bunker Industry Association (IBIA). The move follows the recent resignation of former chief executive...
Foreign ports boost ICTSI income Foreign port operations and an improving global economy have combined to boost International Container Terminal Services Inc's (ICTSI) first-half volume, revenue and net income. IC...
BBC Chartering launches transpacific service The German heavylift shipping company BBC Chartering recently announced the commencement of a new monthly liner service that connects Asia with North America. BBC will load goods a...
E-mobility for container logistics Driver-less container transporters that are battery-powered, and therefore emission-free, are being used in HHLA's Altenwerder container terminal for the first time. For the fast a...
WFS now largest cargo handler in Montreal Worldwide Flight Services (WFS) has become the largest cargo handler in Montreal (Canada), thanks to the purchase of Excel Cargo at the two airports Montreal Dorval and Mirabel. Co...
Major air traffic management project receives EU support An essential project in the development of the so-called functional airspace block Europe central (Fabec), which covers the five EU member states France, Germany, Belgium, the Neth...
New Norbert Dentressangle UK partnership with Bakers Basco Norbert Dentressangle has formed an innovative partnership with asset recovery specialist Bakers Basco, in order to extend its range of reverse logistics and environmental manageme...
House of Fraser extends UK contract with DHL The retailer House of Fraser has extended its cooperation with DHL Supply Chain in the UK. The two companies have signed a five-year contract with an order volume of GBP 85 million...
TNT Express flies 45 t of food to Somalia At the beginning of this week, TNT Express flew 45 t of food to Nairobi (Kenya). With the delivery of the aid, the CEP service provider supported the United Nations' World Food Pro...
VLCCs close to 'last option' lay-ups amid dire spot rates Owners' earnings are so low that taking ships out of the market may be a more financially viable option
German box owners lose market share Non-German boxship owners climb the table as newbuilding orders from KG funds and German owners shrink
Capesize rates up despite weaker fixtures Average time charter climbs $281 to $10,196 per day
IEA ups 2012 oil forecast despite global economic concerns Increased its 2012 oil demand forecast by 70,000 barrels per day
Demand growth offers reasons to be cheerful Tanker operators continue to talk up the coming boom
Slow steam ahead for shipping upturn Some brokers remain optimistic that by next year shipping's prognosis will improve
Dry bulk owners look to handies for future growth But will narrowing margins and demand concerns be sufficient to deter new entrants?
NYK takes lead on expansion Japan's big three owners seize opportunities to grow fleet of smaller bulkers on market demand
Do not be dazzled by shipping euphemisms Being 'cautiously optimistic' is the linguistic equivalent of betting on the red and black at the same time and feeling smug when you win
J Lauritzen sees profits slashed on poor dry bulk returns Operating income hit by bad weather, high commodity prices and newbuilding glut
United Shipbuilding to scrap Soviet-era yards Joint venture with Wärtsilä among number of agreements to develop Russian yards
Pouring oil on stormy waters Tormod Rafgard's book on tankers and pollution liability stirs up some old controversies
South coast port will not go down without a fight Dry cargo shipping at Littlehampton is just about hanging on, but for how much longer?
US poised for 3.6% rise in import box volumes Global Port Tracker estimates that US imports will be boosted by retailers' restocking despite the recent slide
American Shipping Co loss doubles in past year Tanker owner is 'evaluating alternatives' for refinancing $929m total debt
TCC sues 75 shippers for $24m Box line expects to cover all its debts
Weaker rates hit Star Bulk profits Bulker owner says capesize additions to the fleet will enhance cash flow
Chamber of Shipping says International Chamber vote for bunker fuel levy premature Group publishes two manuals to help inform debate on practical as well as theoretical level
Not worth the paper? The Containership Co's move to sue customers for breach of contract will be watched with interest
Maritime myths The World Shipping Council has revealed a huge discrepancy in the figures for containers lost at sea
Improved container market helps Euroseas Nasdaq-listed owner continues to seek boxship acquisitions through Euromar joint venture, but also has hopes of landing dry bulk bargains
Correction Class society figures
Shanghai throughput up 10% in first half Cargo volumes show signs of tapering off as Pacific trades decline
SeaCube achieves 98.6% utilisation in second quarter Container leasing company now targets refrigerated container market
Gujarat to ban ships aged 25 years or older from calling ports Privately-owned Mundra Port to fall in line with state regulator's move prompted by sinking of Rak Carrier
Port & Free Zone World raising $850m to refinance debt Five-year loan has conventional and Islamic portions, says banker
Essar Ports mulls international expansion Outlines investment criteria as it remains 'very bullish' on India's port business
Bourbon warns of second-quarter loss Company blames dollar's weakness, but chief executive remains upbeat
Container loss claims seen as overboard THE WSC said today less than one-third of the containers thought lost at sea - and maybe far less - are actually going overboard
Bulker grounded near Mauritius reef A BULKER is grounded and taking on water today off the north coast of Mauritius after its main engine failed
China trade surplus widens CHINA'S trade surplus rose to a 30-month high in July year on year, driven by a modest rebound in items shipped to the country, IHS Global Insight reported today
Ulstein makes offshore move NORWAY'S Ulstein announced today that it has established a new company that will focus on equipment for offshore and dredging
Tonnage glut to linger TODAY'S oversupply of vessels will carry on for years to come - and is changing the structure of shipping, a leading Greek owner has warned Fairplay
US box imports drop US BOX imports declined year on year in June but are expected to gain steam as retailers restock for the fall peak season, according to a shipper group
Essar Ports profits after split INDIA'S Essar Ports has announced a jump in profits in its first results since its demerger in May
Turkish steel revenues soar TURKISH steel export revenues were up 22% year on year in July, despite a small decrease in volumes, Turkey's metal exporters have revealed
More charges laid over Mumbai spill THE CAPTAIN, chief engineer and owner of a bulker that sank in Mumbai have been charged with environment offences after oil spilled from the vessel
Oz coal exports drop AUSTRALIAN coal exports fell year on year last month as damage caused by floods in Queensland earlier this year continues to affect output, IHS McCloskey reported today
Ferry survivors sought SEARCHERS are today looking for survivors and bodies in the sinking of an inter-island ferry in the Comoros
DSME wins HMM box ships SOUTH Korea's Hyundai Merchant Marine announced today that it has placed an order for a series of ultra large container ships at compatriot shipyard DSME
Merger boosts Subsea 7 OSLO-LISTED Subsea 7 reported today profits have risen since a merger earlier this year
Panamaxes leading plummet in box rates TIMECHARTER rates for box ships are losing more ground this week, led by big losses for Panamaxes
Gujarat to bar old ships VESSELS older than 25 years old are reportedly to be barred by the Gujarat Maritime Board
CN, China Firm Strike Containerized Lumber Deal Canadian National Railway and China's CNBM Forest Products Trading agreed to use a new CN facility in Vancouver, B.C., to...
DOT Clarifies It's Not Proposing Farm CDLs Trying to quell fast-spreading concerns about its policy plans for farm truck operators, the Department of Transportation said it is...
Shipper Groups Oppose Extending FMCSA's Reach Two key shipping associations are protesting a proposal that could extend a trucking safety regulatory agency's authority to their operations....
Standard & Poor's Upgrades YRC Worldwide Standard & Poor's Financial Services upgraded the credit rating of struggling trucking operator YRC Worldwide Tuesday, giving it a "CCC"...
Seaboard Marine Posts $11.1 Million Loss Seaboard Marine posted an $11.1 million operating loss in the second quarter as rising volume and rates were offset by...
Drewry Sees Tightening Terminal Capacity The growing demand for port capacity over the next five years will outpace terminal expansion, leading to rapidly rising utilization...
DOT Freight Index up 2.6 Percent in June The Transportation Department's Freight Transportation Index rose 2.6 percent in June, the index's largest month-to-month increase since November 2009. ...
WSC: Ocean Carriers Lose 350 Containers Annually Ocean carriers lose an average of 350 containers at sea annually, and the number rises to 675 containers if a...
UP Starts Work on New Mexico Intermodal Yard Construction is under way on a major intermodal yard and locomotive refueling complex for Union Pacific Railroad at Santa Teresa,...
China Cosco Expects First Half Loss China Cosco Holdings said it will likely post a loss for the first half of this year because rising fuel...
Second Ocean Carrier Adds Congestion Fee at Chennai Taiwan-based Wan Hai Lines imposed port congestion surcharges on import containers handled at India's Port of Chennai, making it the...
Second Ship Chartered to China Cosco Arrested A dry bulk ship under long-term charter to China Cosco Holdings was arrested in Louisiana last week, making this the...
Cathay Pacific Orders Eight 777 Freighters Cathay Pacific Airways will buy eight 777-200 freighters to be delivered between 2013 and 2016 as the Hong Kong-based carrier...
Cathay Pacific Airways Profit Drops 59 Percent Cathay Pacific Airways' profit fell 59 percent to $359.6 million in the first half of the year compared to the...
Yusen Logistics Reorganizes Transportation Division Yusen Logistics (Americas) added management of its transportation division to the responsibilities of Michael Noone, the logistics company's executive vice...
Kintetsu World Express Doubles Profit Kintetsu World Express, Japan's second-largest international forwarder, said its net profit doubled in the first quarter of fiscal 2011, which...
Hamburg Sud Raises Bunker Surcharges Hamburg Sud will increase its bunker adjustment factor as of Oct. 1 for all cargo moving from U.S. and Canada...
Q2 Liner schedule reliability improves Drewry Maritime Research's latest report on container line schedule reliability showed carriers improved upon their first quarter performance in the period from April through June. The percentage of ship calls tracked by Drewry'sSchedule Reliabili...
Seaboard Marine hit by higher costs Conglomerate Seaboard Corp said its marine division had a second quarter operating loss of $11.1 million compared to an operating profit of $11 million in the same period a year earlier. Marine division revenue was $236.5 million for the quarter e...
Maersk raises Asia to Med, West Africa rates Maersk Line said this week it plans to raise rates on trades from Asia to the Mediterranean and to West Africa in September. The Asia-Med increase, applicable to all of Asia excluding Japan, is $250 per TEU from Sept. 1. The Far East-West Africa in...
Construction begins on second Pasha ship Honolulu-based Pasha Hawaii said construction has begun on the company's second ship at the VT Halter Marine's shipyard in Pascagoula, Miss. TheMarjorie Cis scheduled to be delivered in the fall of 2013 when she will enter the trade between the U....
White House sets big rig fuel efficiency standards Construction begins on second Pasha ship Construction begins on second Pasha shipHonolulu-based Pasha Hawaii said construction has begun on the company's second ship at the VT Halter Marine's shipyard in Pascagoula, Miss. TheMarjorie Cis scheduled ...
NASSTRAC concerned about regulatory overreach The National Shippers Strategic Transportation Council and Health & Personal Care Logistics Conference are expressing concern about regulatory overreach by the Federal Motor Carrier Safety Administration. In a letter responding to the FMCSA's dra...
IANA: Domestic container volume rises Domestic and international intermodal volumes increased to 3.53 million units in the second quarter, 6.5 percent more than in the second quarter of 2010, said the Intermodal Association of North America. IANA reported the growth, by equipment type...
Matson ends one of its two China strings Matson is ending one of its two U.S./China services a year after it was launched, citing sustained high fuel prices, downward rate pressure and overcapacity in the transpacific trade. Matson said it will discontinue in late August its expanded Chi...
IFO down in Fujairah Earliest delivery dates were from August 17-18.
European bunker prices mixed Quiet market in Hamburg.
New owner planning to restart German refinery Plant has a high yield of fuel oil and was source of LSFO for ConocoPhilips bunker sales before it closed.
New team member for Brilliant Maritime Services Jenny Tsagli in move from Praxis Energy Agents SA.
Emissions cuts 'must not be based on conjecture' UK Chamber of Shipping launches manuals on emission reduction instruments.
Legal action facing owners of bunker spill bulker Vessel had Lloyd's Register certification withdrawn last year.
Mid-week bunker prices generally up Mixed demand at key Asian bunker hubs on Wednesday.
US military seeks online bunker purchasing platform Contractor must provide customer support and training, security and infrastructure.
Bourbon reports higher quarterly revenues Efficient management of fuel consumption of its vessels will be a 'considerable advantage' amid high oil prices.
Cosco Shipping's H1 profits slightly up Company's operating costs jump 29% as fuel costs totalled $119.7 million.
BMT Nigel Gee to develop electric-powered ferry 150 passenger capacity vessel to be delivered by BMT Nigel Gee in middle of 2012.
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