Maersk posts 85% increase in Q1 net profit to 6.35b kroner AP Moeller-Maersk A/S, the owner of the world's largest container line, said first quarter profit jumped 85 per cent as global trade expanded.
Keppel Fels bags US$393m Qatar contract KEPPEL Fels has landed a US$393 million deal to build two bespoke jack-up rigs for Qatar's Gulf Drilling International (GDI).
Suez traffic shows no weakness in trade Cargo carried through the Suez Canal rose 4.1 per cent to an eight-month high in April, signalling no weakness in world trade and the third- highest profit ever for AP Moeller-Maersk A/S, the biggest container-shipping line.
Radioactive containers likely left Japan before checks
Dubai Airports predicts rapid growth to 2020 Dubai Airports' ten-year traffic forecast for Dubai International (DXB) and Dubai World Central-Al Maktoum International (DWC) foresees that international cargo traffic will increa...
Air Niugini welcomes third B767 Air Niugini, the national airline of Papua New Guinea, has reached yet another milestone with the arrival of its third Boeing B767 in April. The third B767, bearing the registratio...
Iata: e-freight eases South African trade procedures Whilst visiting South Africa as part of the recent World Economic Forum Africa, the Iata director general and CEO, Giovanni Bisignani, noted that the complexity of the country's im...
New domestic connection from Trelleborg and Malmö to Nässjö The German intermodal transport provider Kombiverkehr and the Swedish operator CargoNet recently launched a new connection from Trelleborg and Malmö to Nässjö (all Sweden). This me...
CO2 emissions from rail traffic sinking from year to year The carbon footprint of rail transport is improving by 2% per year. The freight that was transported by rail over the last 15 year was 29% more climate-friendly...
Vossloh's Q1/2011 orders at an all-time high The Vossloh Group reported that Q1/2011 saw a sharp rise in demand for its products. Order intake surged from EUR 261.2 million in Q1/2010 to EUR 622.8 million. Demand for locomoti...
Devolution for Scotland and Wessex rail routes The UK-based rail service provider Network Rail reported that its devolved route structure recently went live in Scotland and Wessex. Work continues to help the next three routes (...
Inspections on Belarus' and Russia's external borders Special inspections have been introduced on Belarus' and Russia's external borders. Employees from the Belarusian ministry of transport are now inspecting lorries and busses that w...
Kögel lands large order from Poland The Polish forwarding company Elmar has ordered 100 trailers from the trailer manufacturer Kögel. Elmar, a company located in the southern Polish town of Jedrzejow, will be ta...
The ITJ team and "Heidi J" awaiting you in Munich The ITJ and its editorial and sales staff would like to accord you a warm welcome to the transport logistic trade fair, the world's largest exhibition for transport and logistics w...
Port of Dunkirk confirms good start to year. The port of Dunkirk (France) April's traffic volumes confirm the good start to the year. Total traffic to the end of April was up 11% compared with last year. The number of contain...
The MS "China Steel Integrity" refloated at port of Kashima Kawasaki Kisen Kaisha Ltd (K Line) has chartered the bulk carrier "China Steel Integrity", which has been stranded in port of Kashima (Japan) since March 11, following th...
Fiege takes on logistics fulfilment for Brands4friends The German logistics provider Fiege has taken on some logistics fulfilment tasks for Germany's largest online shopping club at the Fiege Grossbeeren/Berlin site. By shouldering thi...
Ceva Logistics reports Q1/2011 revenue and ebitda growth The logistics and SCM specialist Ceva Logistics has reported further strong revenue and ebitda growth for Q1/2011. The company entered 2011 in a strong position following the seque...
Swift Freight International now acting as Barloworld Logistics Dubai-based Swift Freight International will be consolidated under the brand Barloworld Logistics in the Middle East. The operations in Dubai and Abu Dhabi will be known as Barlowo...
Germany: only four federal states still support gigaliner trials The number of German federal states that are in favour of test trials of longer, heavier vehicles (LHVs) has shrunk to just four. Only Lower Saxony, Schleswig Holstein, Bavaria and...
ICTSI names officers for PH subsidiaries International Container Terminal Services Inc (ICTSI) recently named Jose Manuel De Jesus as president of Davao International Port Stevedoring Services Corp. (DIPSSCOR) in Davao, s...
Container service reliability falls again Container service reliability declined for the second quarter in a row during the first quarter of 2011, according to Drewry Maritime Research's latest Schedule Reliability Insight...
Middle East to Asia VLCC earnings surge sevenfold Increase down to lower bunker prices caused by the falling price of oil, say brokers
Box charter owners eye short periods Owners expecting rising charter rates for later in year but are also granting lines options and more flexibility at a price
April VLCC rates down 19% on lower Chinese demand Middle East to Asia spot rates for very large crude carriers declined 19% in April from the previous month, according to the latest monthly oil market report by the Organisation of the Petroleum Exporting Countries
LNG spot market boost as few ships to come off charter The liquefied natural gas shipping market, which is already seeing rates in the $90,000-per-day levels, will see few vessels coming off charter in the next two years, helping to keep the spot market buoyant
SeaCube first-quarter profits up 20% Container lessor will look to buy more boxes if production capacity allows
TEN posts 'satisfactory' profit with a nod to improved LNG prospects Despite positive results, tanker owner has no plans to enlarge gas carrier fleet
CMA CGM confirms talks to sell off stake in Malta Freeport Speculation centres on AP Moller-Maersk as buyer
AP Moller-Maersk profits soar 82% in first quarter Dramatic improvement in container shipping boosts results
Maersk to end 40-year involvement in LNG Danish group wants to reallocate money raised from the disposal to other parts of the group that are considered core businesses
China piles the pressure on the world's shipyards to fill capacity With newbuilding orders falling and Chinese yards boosting their market share, price cutting looks likely
German banks set to force ship sales KG veteran believes the system has everything to play for as long as it embraces change
Peel Ports in wind turbine plant deal Manufacturer Vestas hopes to begin building at Sheerness site within year
Founding shareholder liquidates Scorpio shares Aunt of chief executive Emanuele Lauro sells off 7% stake
Scrapping rise a good move for dry bulk market Newbuilding orderbook still means supply likely to outstrip demand for bulker fleet, says Precious Shipping boss
AP Moller-Maersk has good reasons for LNG withdrawal The disposal of its small LNG fleet would allow AP Moller-Maersk to concentrate on container shipping and other operations
When a bubble needs a bath China's private yards are being sustained by a government nod
China urged to put a brake on soaring fleet growth Italian owners call for build one, scrap one policy at shipyards to rescue charter markets from effects of excess tonnage
Costamare orders five 8,800 teu vessels for Evergreen service Buying spree since going public in November now at 20 vessels valued at more than $1bn
Pirates open fire as two ships foil attacks off Oman One gang believed to be responsible for shooting at chemtanker and bulk carrier in raids only a day apart
DP World one step away from London listing Ports group reports 13% increase in full-year profits to $375m
Britannia posts $50m surplus Strong investment performance and lower -than-expected pool claims boost mutual's coffers
General Maritime welcomes new dawn with $31.5m loss Weak freight rate environment and one-off house-cleaning expenses hit bottom line
Container shipping heading for turnaround, says RS Platou Markets Tightened supply and demand and improved rates ahead, but earnings still lower than 2011
DSME wins $590m drillship contract with option from Vantage Drilling Delivery by end May 2013 'one of the earliest of the recent order cycle'
Just showing you are alive makes you a modern watch officer We are not doing enough to keep the navigator sufficiently involved in the job of ship operating. The results have been accidents caused by complacency
UK shipping is still afloat Predictions made in 2001 are on the money, but the system still carries on
TEN profits halve TSAKOS Energy Navigation today reported a sharp drop in quarterly profits as gains from the sale of Aframax Opal Queen were offset by falling rates and higher bunker costs
Maersk LNG buyer sought AP MØLLER-Maersk revealed today that it is seeking a buyer for its Maersk LNG unit
Tanker 'flipped': no-go span PERILOUS shipping conditions on the Mississippi have been underlined by a captain's decision to 'flip' his tanker away from danger, Fairplay was told today
Gazprom lifts EU cargoes GAZPROM'S shipments to the EU are exceeding levels normal for this time of year, which a bank report said today was related to a coming price rise
Oil price rise underpins Russian trade surplus RISING oil prices helped the value of Russian exports reach $44.1Bn in March, according to Central Bank of Russia
Wider Geiger counting urged by JSA JAPAN needs to expand radioactivity testing to more ports than just Tokyo and Yokohama, the JSA has told Fairplay
Suez hits eight-month throughput high SUEZ CANAL throughput reportedly rose in May to its highest level in eight months, underlining world trade recovery
Bonheur doubles profits NORWAY'S cruise, offshore and renewable energy company Bonheur has doubled its first-quarter profits compared with that quarter of 2010, riding the rise in income rose from offshore drilling and renewable energy
Capesize owners resist rates push CAPESIZE owners are resisting charterers' attempts to push down freight rates as bunker prices start recovering after plunging last week
DPW unveils listing plan DUBAI Ports World, which announced a volume rise at its terminals worldwide, unveiled plans today to list its shares in London by early June
Disasters hit MOL punctuality MOL'S vessel punctuality has been affected by port congestion caused by the March earthquake and tsunami in Japan
Wan Hai returns to black INVESTMENT income has helped Taiwanese box carrier Wan Hai post net profits of T$366.87M ($4.54M) for 1Q2011, reversing losses of T$36.1M a year earlier
TWIC security gap stirs US uproar US SECURITY officials have been taken to task by a US senator on the revelation of fraud and oversight shortcomings in the TWIC programme
Costamare back for more NYSE-LISTED box shipowner Costamare has ordered five more newsbuildings at South Korea's Sundong
GenMar's losses triple RECENTLY restructured General Maritime has reported a threefold jump in quarterly losses on increased spot exposure and falling rates
Senators Propose $5 Billion DOT Infrastructure Fund Leaders of the Senate Commerce Committee are proposing a $5 billion national infrastructure fund that would encourage private investment in...
Japan Semiconductor Plant to Resume Production Japanese semiconductor maker Renesas Electronics said Wednesday it will resume production at its flagship Naka factory on June 1, much...
CN Adds Capacity to Tracks for Canada, US Traffic Canadian National is spending nearly US$39 million to add tracks and make rail yard improvements on busy lanes in and...
DOT Freight Index Hits 33-month High The amount of freight carried by for-hire carriers rose 1.9 percent in March from February to reach its highest level...
Caribbean Shipowners Postpone Bunker Surcharge Increase The members of the Caribbean Shipowners Association are postponing the scheduled increase in their bunker surcharge from Sunday, May 15...
Retailer Calls for Uniform Chassis Solution A major retail shipper says ocean carriers have not stopped providing chassis for imported container moves despite widespread shipping company...
DOT Stimulus Payouts Near $28 Billion Department of Transportation payouts to states for infrastructure projects from the 2009 stimulus law reached $27.8 billion as of April...
Crowley, Seaboard Plan Two Rate Hikes Crowley and Seaboard Marine, members of the Florida-Bahamas Shipowners and Operators Association, plan to increase rates by $100 per 20-foot...
Retailers Seek Cost Containment With Logistics Providers Retailers and other beneficial cargo owners are citing cost containment as their top priority in negotiations with logistics providers, according...
OOCL to Add Ships to Baltic Loops OOCL is adding vessels to its two weekly services on its SBX network among Baltic ports this month. The...
GAO Highlights Serious Gaps in TWIC Program Members of Congress are having second thoughts about the Transportation Worker Identification Credential system now that a Government Accountability Office...
Oil Prices Help Widen US Trade Deficit The U.S. trade deficit rose 6 percent in March as higher oil prices offset rising exports fueled by demand for...
Costamare Orders Five Boxships Costamare, the acquisitive NYSE-listed container ship owner, ordered five vessels for long-term charter to Taiwanese ocean carrier Evergreen. Each...
DP World Volume Climbs 12 Percent Dubai's DP World said it is on track to list its shares on the London stock exchange within a month...
Maersk Line Announces Freight Rate Hikes Maersk Line said it will increase rates on cargo shipped from India and Sri Lanka to East Africa. The...
A.P. Moller-Maersk Profit Soars 82 Percent A.P. Moller-Maersk boosted first quarter net profit 82 percent from a year ago to $1.2 billion, driven by higher container...
Chassis Shift Likely a Year Away, Provider Says Ocean container lines may take another year or longer to complete the process of dropping chassis from the U.S. transportation...
Maersk Hikes Piracy Surcharge Maersk Line is increasing its emergency risk surcharge for transporting containers through the pirate-infested waters vof the Gulf of Aden...
Panama Canal, Soy Shippers Ink MOU The Panama Canal Authority and the Soy Transportation Coalition signed a memorandum of understanding aimed at fostering and forecasting trade...
Greek Shipowner Takes Third Container Ship Box Ships, a New York Stock Exchange-listed container ship owner based in Greece, took delivery on Tuesday of its third...
TBS tumbles Shares of Nasdaq-listed bulker owner trip as top brass bases fiscal future on 20% rebound in the Baltic Dry Index.
GES eyes Saudi Arabian tap Global Energy Studies director says tanker rates can't recover until oil prices are sliced by key producers.
BP sage examines "toxic mix" Sky high oil prices and interest rates have the potential to cause major global crisis as seen in the 1970's, BP economist says.
Vafias vents at Intertanko StealthGas chief urges tanker industry association insiders to bet on gas segment as crude rates collapse.
Petra Perdana fixes trio Anchor-handlers taken off ice to work Malaysian offshore projects worth nearly $25m.
Westgarth warns of EU deadline Government regulation of greenhouse gas initiatives could result in a fragmented framework of legislation, Intertanko chief says.
Wilson stretches loss Oslo-listed dry-cargo owner says a weak spot market is to blame for it falling deeper into the red during the first three months of 2011.
Grete Maersk grounds Giant containership ploughs into Vietnamese sandbank after avoiding collision with fishing boat.
Clarksons takes bigger bite London broker grabs a larger slice of the action despite lower freight rates.
Founder's daughter exits Passive shareholder Giovanna Lolli-Ghetti sells her $20m holding in New York-listed Scorpio Tankers.
TEN to tap gas explosion Greek owner has its sights on expanding its LNG fleet as its tops the Street in the first quarter.
Double strike off Oman United Arab Chemical Carriers tanker and Italian panamax both attacked by pirates off Oman.
Hitachi beats forecast Japanese shipbuilder's strong end to the year sees it overtake its own full year prediction.
Tokai widens loss Japanese ro-ro owner gets off to worse start in first quarter, and says deficit will grow over the year.
Slow start for Subsea 7 Kristian Siem led offshore owner disappoints the market with low margins in its first results announcement since merging with Acergy.
Costs hurt Marco Polo Singapore shipowner and shipbuilder sees first-half profit fall despite rise in revenue.
Bourbon toasts revenue Paris-listed company posts a 24% hike in first quarter sales with demand for vessels on the up.
Bonheur bouncing back Fred Olsen's company doubles first quarter profit in a strong start to the year.
DP World 1st quarter volume up 8.5% Dubai-based terminal operator DP World said Wednesday it handled 6.8 million TEUs in the first quarter of 2011, 8.5 percent growth year-on-year. The volume figures represent DP World's full or partial stakes in the 49 global terminals in which it o...
Mica: TWICs 'no more useful than library cards' Undercover investigators looking into the effectiveness of port security were able to fraudulently obtain Transportation Worker Identification Credentials (TWIC cards) and use them to access port facilities and drive a vehicle with a simulated exp...
Schenker offers green transport to shippers DB Schenker said it is offering Eco Solutions, which it said are "climate friendly transportation and logistic services." These include an Eco Plus rail product in Germany, where Schenker said energy required is taken entirely from renewable sourc...
Emirates adds South China to Asia/Africa loop Emirates Shipping Line last month added two calls in South China to a service linking Southeast Asia and East Africa, the line said Wednesday. The line's four-ship AFA service now has a rotation of Hong Kong, Shekou, Singapore, Port Klang, Colombo...
OOCL expands order for 13,000-TEU ships The parent company of OOCL said Tuesday it has increased an order for new containerships. Orient Overseas (International) Ltd. said in a notice to the Hong Kong Stock Exchange that it will order 10 instead of six 13,000-TEU containerships from Kor...
Maersk Line nets $467 million Q1 profits Maersk Line on Wednesday announced first quarter operating profit of $467 million, bucking the trend of lines incurring operating losses in the first three months of 2011. Maersk Line's operating profit rose 99 percent from the same period in 2010...
Fujairah fuel oil prices rise Crude oil prices showing further losses in early trading on Wednesday.
Crude futures dip for second straight week 'The rally in commodities appears to be over. We're going to see prices work their way lower in coming weeks.'
CSA Lines postpone bunker surcharge increase Rolling back the announced increases after monitoring fuel costs.
DNVPS to launch analysis tool for the bunker industry Will benchmark suppliers' performance to help owners identify 'real' product price, statutory compliance and other critical quality parameters.
Bunker plans for Hambantota brought into question SLPA won't be able to handle port's bunker sector alone, says supplier.
Bunker markets firm Bunkering continues in Piraeus, despite general strike.
Gibraltar appoints new Bunkering Superintendent The challenge for Gibraltar 'is to maintain its lead and reputation in the face of increased competition,' says John Ghio.
Strong Q1 results for Moller-Maersk but challenges remain Maersk Line expects bunker costs to have a negative impact on margins.
Bunker supplier donates food to stranded VLCC International Bunkering Middle East says reports of donation has triggered fresh moves to help crew.
Bunker prices gain mid-week Number of enquiries mixed at main Asian bunkering hubs on Wednesday.
Hamburg-based supplier takes Beluga to US court Petrol Bunkering & Trading Germany pursuing $298,553 for unpaid bunkers.
South Korean ports see lower bunker volumes in May SK Energy and Hyundai Oilbank cut bunker output this month.
Finnish firm to build LNG terminal Terminal to be ready in 2013, in time for completion of Viking Line's LNG-fuelled ferry.
Sinopec Zhoushan restarts bunker ops at Chinese port Company restarts operations after solving 'complicated' issues, expands product range.
K-Sea halves year-on-year quarterly losses Says net voyage revenue decreased due to 'weakness in the New York harbor bunker market' caused by increased competition.
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