Libya to make its first oil export since March: sources Libya may export a crude-oil cargo this month for the first time since March from the country's west as the holder of Africa's biggest oil reserves rebuilds production after deposing ruler Muammar Gaddafi.
Spanish commandos rescue French hostage from pirates Troops from a Spanish warship stormed a pirate skiff in the Gulf of Aden and rescued a French hostage missing from her yacht but found no trace of her husband, the EU anti-piracy mission said.
USD 500 million loan to boost Indian Railways The Asian Development Bank (ADB) is extending loans of up to USD 500 million to help India improve rail services along some of its busiest freight and passenger transport routes. T...
New Traveston interchange under construction in Australia Another major milestone has been reached on the Cooroy and Curra road upgrade, with work now underway on the Traveston interchange, as part of the Gillard labour government's USD 2...
Air Madagascar gives it a go with a B777 Air Madagascar unveiled a new long-haul aircraft last week. The Boeing B777-200ER leased from Portugal's Euro Atlantic Airways for one year is replacing the B767-300ER previously l...
New MAN TopUsed second-hand vehicle sales outlet in Dubai MAN TopUsed, the used-vehicles division of MAN Truck & Bus (MTB), will be opening a new sales outlet for high-quality used commercial vehicles in the Jebel Ali Free Zone in the...
Volga-Dnepr UK secures international approval Volga Dnepr UK, part of Volga-Dnepr Group, this week won international endorsement for its quality and environmental management processes from the International Organisation for St...
Additional freight space now available at Frankfurt airport The marketing of the additional freight space in CargoCity South at Frankfurt airport has begun. The coveted spaces are to be awarded in a three-stage process. Applicants as airfre...
Martine Bonny quits port of Dunkirk Martine Bonny, who has been the director of the French port of Dunkirk since 2008, has resigned from her post. Nicolas Sarkozy, the president of France, appointed her to the positi...
MOL transports desks and chairs Mitsui O.S.K. Lines (MOL) recently has been commended by Japanese ambassador to Burkina Faso Tsutomu Sugiura, and principal Yasuhiro Uto of the Sugiyama Jogakuen University Affilia...
New regular rail service to Siberia The container terminal Vostochnaya Stevedoring Company (a Global Ports Group enterprise) has launched a new container train service from Vostochny port bound for Western Siberia. T...
More ferry and ro-ro cargo, fewer liquid goods More than 12 million t (gross) of goods crossed the quays in Rostock in the first six months of 2011. 11.1 million of the 12 million t were transhipped at the sea port and 900,000 ...
Ceva broadens LCL range Ceva Logistics, a leading global supply chain management company, is expanding its less-than-container load (LCL) consolidation offer with a new service from Hamburg to New York. I...
Wincanton wins Océ as a new customer The high-tech business unit of the logistics service provider Wincanton and office technology manufacturer Océ have agreed to cooperate in the transport of print systems. The three...
Ceva to manage Lavazza supply chain in Iberia Logistics and SCM specialist Ceva Logistics has been awarded a contract by Lavazza, one of the most important coffee producers in the world, to manage the distribution of its produ...
Uti Worldwide reports strong Q2 revenues Long Beach CA-based forwarding company Uti Worldwide Inc reported strong revenue growth of USD 1.3 billion in the second quarter ending 31 July 2011, an increase of almost 13% over...
The Week Ahead Another slow week for depressed tanker sector
African ports could benefit from private terminal operations Lack of private box terminal operators in East Africa and Southern Africa is 'startling'
Panalpina adds Intra-Asia trucking option for high-value shipments Transit time five times shorter than ocean freight and cost up to 50% lower than air
Bromma spreads its tentacles across the globe Crane manufacturer has doubled its orderbook in first seven months of this year
A lot to gain, much to lose If India fails to follow Brazil on production it faces a closing window of opportunity
Can India learn from Brazil's offshore bonanza? Tanker and offshore owner believes that India's only shot at energy security is to pursue deepwater exploration
Sweeping away the bureaucrats A modest proposal: break the Indian government's monopoly on oil and gas production
India set to break cabotage deadlock Exemptions will allow DP World to take Cochin facility to full capacity
Why is piracy a crime that dare not speak its name? When it comes to pirate attacks on ships and their crews, the media is largely silent and even owners are hushing them up
Shadow of over-ordering looms large over LNG In 2013 the 42 tankers ordered so far this year arrive but will the LNG sector be strong enough to cope
Suezmax chartering picks up in Atlantic but rates fail to ignite Excess tonnage weighs heavily on Atlantic market
Hamburg shipbrokers launch body to promote valuation standard LTAV aisms to provide an alternative to market-based appraisals of ship values
Knutsen sells two chemical tankers to Sinochem Norwegian owner sells pair for total $45m
Australia announces shipping reforms Second register and tax exemptions offered
US box imports stagnating Transpacific eastbound volumes expected to contract in third quarter
Capesize spot fixtures at two-year-high Chartering volumes hit 126 in August and look to be repeated again this month
Capesize market continues upward climb Prompt cargoes fixed at a premium as confidence grows that rally can be sustained into October
Co-operative security Shipping is vulnerable to terrorist attack and only concerted global action can safeguard it
Meyer Werft boss warns owners and banks of Asia threat Bernard Meyer says united action needed to avoid same fate as yards
FMC to scrap need for freight indices to be 'well-known' Move allows carriers flexibility and chance of certainty in volatile freight rate market
Otto Marine sells AHT for $24m, wins $77m orders Completion of a vessel sale and $77m in new orders from Go Marine a relief for beleaguered shipyard
Thenamaris lifts firm LNG orders to three Greek tanker company tipped for bigger LNG presence as firm Greek LNG orders this year reach at least 24
Dry bulk fundamentals remain risky Analysts' confidence in the health of the dry bulk market may be misplaced
Freight rates under pressure on container trades worldwide SCFI and Drewry indices show an early end to the peak season
Mordashov raises stake in Tui Strategic investment after share price collapse
Industry calls on UN to establish anti-piracy force Action needed to solve 'Wild West' situation in Indian Ocean
Bergeron promoted to head of LISCR Takes chief executive role from Yoram Cohen, who remains as chairman
Epidemic of shipping company failures remains unlikely Listed dry bulk sector is 'fine' and the ability to attract funding offsets tanker companies'rate woes
More storms threaten gulf TROPICAL storm Nate could become a hurricane by tomorrow, threatening to increase the number of Gulf of Mexico rigs still shut in from Tropical Storm Lee
Payment slip-up costs JFC A SLIP-UP in payment has led a UK court to rule that Russia's leading banana importer owes Star Reefers damages, legal costs and contract money
US cruise plan said to fall short CRUISE passengers would still be largely unprotected against carrier bankruptcies under a proposal meant to address that scenario, a US regulator has warned
Russian grain exporters aiming high RUSSIAN'S grain export target has been set at record 23.5M tonnes in the season ending on 30 June 2012
$510M STX Pan Ocean loan signed STX PAN Ocean of South Korea today reportedly signed a deal to receive a $510M loan from Export-Import Bank of Korea and eight overseas lenders
Australia proposes zero-rate tonnage tax SHIPOWNERS registering vessels under the Australian flag would pay zero tax under proposals outlined by transport minister Anthony Albanese today
Ramadan wind-up revives Supramax sector BROKERS told Fairplay today the Supramax market in Southeast Asia is being rejuvenated by post-Ramadan fixing
Putin urged to save yard from hostile takeover BALTIC Shipyard in St Petersburg has pleaded with Russian Prime Minister Vladimir Putin to throw it a lifeline before it goes bust and susceptible to a hostile takeover
Steady prices predicted for newbuilding VLCCs NORWAY'S shipbroker Lorentzen & Stemoco has predicted that pricier raw materials will keep VLCC newbuilding prices steady
Rising product prices push up gas rates FREIGHT rates neared year-to-date highs of $67 per tonne again after VLGC chartering picked up considerably this week, a Singapore-based broker told Fairplay
Doldrums hit product tankers BROKERS told Fairplay today the east-of-Suez products tanker market has been quiet, with many players attending a Singapore conference
Capesize period rates lag BROKERS told Fairplay today Capesize period rates continue to lag average timecharter rates
MAG Buys Half Stake of Asian Cargo Charterer Mercury Air Group said its purchase of 50 percent stake in Trans Asia Charters for an undisclosed sum will allow...
German Ship Carrier Fined for Spilling Oil A federal judge in San Juan, Puerto Rico, on Thursday fined a German ship operator $800,000 for spilling oil and...
FMC Proposes Easing Contract Negotiation Rules Shippers and carriers will have greater latitude in negotiating index-based service contracts if the Federal Maritime Commission approves regulation allowing...
Dahlman Rose Analyst Forecasts Growth in Transport Modes (Video) Jason. H. Seidl, research analyst at Dahlman Rose & Co., predicts growth in rail, trucking and logistics after the firm's...
Northeast Floods Disrupt Freight Rail Tropical Storm Lee has spread flooding up the mid-Atlantic region and into the Northeast, disrupting freight rail operations in several...
Sears Names UPS Official to Lead Supply Chain Raj Penkar, a longtime executive at UPS Supply Chain Solutions, will join Sears Holdings as senior vice president and president...
Shipping Groups Call for UN Anti-Pirate Force Four international shipping associations, representing most of the world's maritime industry, called for the creation of a United Nation armed...
Port Capacity Hampers Indonesian Trade A shortage of port capacity is preventing lines from offering mainline U.S. and Europe services to Indonesia, one of Asia's...
APL Logistics Chief Says Asset-Based Model Key Asset-based logistics models will outperform pure third-party-logistics operations in fast-growing emerging markets in the coming years, said APL Logistics's president....
Obama Proposes $5 Billion for Transport Grants, Loans President Obama's proposal to direct $50 billion in new federal funding to transportation projects includes $5 billion to be shared...
Hong Kong Container Traffic Up 7 Percent The Port of Hong Kong's container traffic rose 7 percent in the second quarter to 6 million 20-foot equivalent container...
Wholesale Inventories Rise, Sales Flat Wholesale business inventories rose for a 19th consecutive month in July while sales were flat, the Commerce Department said, increasing...
Lufthansa Cargo Traffic Dips 3.5 Percent Lufthansa Cargo carried 3.6 percent less freight in August than a year ago, confirming the downturn in the global market...
Delegates: Hong Kong Is Growing Logistics Center Hong Kong is no longer the largest port serving China, but the city's importance as a logistics center has grown,...
Judge to ILWU: Don't Impede Terminal Operations A U.S. District Court judge in Tacoma on Thursday enjoined International Longshore and Warehouse Union picketers from engaging in violence...
APL to Increase Far East-India Cargo Rates Singapore-based container carrier APL will apply a general rate increase on cargo shipped from the Far East (excluding Japan) to India. ...
India Container Volume Rises 4 Percent Container throughput at major ports in India increased 4.4 percent year-over-year in the April-August period, the Indian Ports Association said Friday. ...
Hong Kong's Changes As decades go, the last one wasn't terribly kind to the Port of Hong Kong. Cheaper and more accessible marine...
The Dark Side of Show Business Q: My company, a 3PL provider, arranged for less-than-truckload service for a customer. This customer prints materials for trade shows...
Short of Time When Mediterranean Shipping Co. chartered the 7-year-old HS Humboldt in August, the deal sent shockwaves through the ocean container industry...
Forecasting Change We all should have projected that forecasting would be at the forefront of the debates over the future of business...
Ports of Seattle, Tacoma Reopen After Protest Cargo handling at the ports of Seattle and Tacoma resumed today following an arbitrator's back-to-work order to members of the...
Obama Seeks $50 Billion for Transportation Projects The jobs plan President Obama is sending Congress will include a $50 billion spending request for new investments in "highways,...
Air Freight Rate Index Hits Five-Month Low The Drewry Air Freight Price Index for rates out of Asia fell 9.3 percent in July from the month before...
Port remembers 9/11 Port of NY/ NJ responds to tragedy with heightened security but terrorism and tears continue to rock the foundation of global commerce.
Go snacks on Otto twins Two-day shopping spree tops $100m as Australian owner returns to Lee Kok Wah's Otto Marine with elevated order.
Knutsen sheds a couple Norwegian owner tipped to have cashed in a pair of chemical tankers in $45m deal.
Profit a 'remote possibility' Fading freight rates mean container lines will struggle to reverse first half red ink, analysts say.
Vinashin exec arrested Vietnam prosecuting former director of yard group in Italian ro-pax purchase probe.
Ship hits gas platform Probe begins after Acergy Discovery comes into contact with Deep Panuke off Canada.
Capesize reality check Owners struggle to distinguish between fact and fiction as 'Matrix-feeling' emerges, analysts say.
Knights for Round Table International shipping associations have joined in calling for UN peacekeepers to fight piracy.
Boxship stash found Brazilian police discover marijuana inside metal box attached to hull of CMA CGM Qingdao in Itajai.
Big John in Statoil score John Fredriksen's Seadrill secures near $800m contract with Norwegian energy powerhouse.
Libyan crude on offer New government prepares 80,000-tonne shipment from port of Mellitah next week.
Freedom confirmed EU Navfor says MSC Panama is underway to a safe port as 10 month pirate ordeal comes to an end.
Charities urge fuel levy Oxfam leads the call for $25-per-ton surcharge on bunkers to help fight global warming.
Vale's VLOC fallback plan Brazilian mining giant may not need to cosy up with Beijing's big guns after all, while KLC's luck goes from bad to worse.
Giant leap for Aussie coal Major infrastructure contract for Gladstone will ramp up coking coal exports to the Far East.
Aussie tax break Operators down under could pay zero tax as government looks to aid domestic industry.
Trans-Atlantic catastrophe London shipbroker Braemar Seascope records a fall in earnings from "merely appalling."
STX PO finds finance Korean bulker owner clinches $510m loan to build 16 of 20 new ships for Brazilian contract.
USCG fines German owner Uniteam Marine Shipping handed $800,000 fine for dumping oil in the ocean near Puerto Rico.
FMC addresses index-linked contracts The U.S. Federal Maritime Commission on Thursday voted unanimously to initiate a rulemaking to give more leeway for ocean carriers and shippers to use service contracts with rates linked to freight rate indexes.To date, the FMC said it has receive...
China-Bangladesh market heating up Liner carriers will this month offer two direct links between Bangladesh and China, when MCC Transport and PIL start services between Chittagong and Chinese ports.American Shipperreported Tuesday thatSingapore-based PILplans to offer a service wit...
Bergerson named Liberian registry CEO Scott Bergeron was appointed chief executive officer of the Liberian International Ship & Corporate Registry (LISCR), the U.S.-based manager of the Liberian Registry.He joined LISCR in 2000 as chief operating officer. Before that, he worked for sh...
DHL outsources B767 flying to Atlas Atlas Air said Thursday it will fly and maintain five Boeing 767 wide-body freighters owned by express carrier DHL Express in its North American network starting in 2012. The company is an all-cargo airline that operates its own planes under contr...
Obama seeks $50 billion for transport infrastructure President Obama unveiled a $447 billion plan last night to quickly inject money into the economy and create incentives for companies to hire workers, including $50 million to jumpstart surface transportation projects. There is $105 billion total f...
U.S. July exports up 3.6% The U.S. Commerce Department reported Thursday that the country's exports in goods and services for July were up 3.6 percent from June to $178 billion.The value of exports in July, as well as the individual export values for goods and services, wa...
Execs named to U.S.-Brazil CEO Forum The White House on Thursday announced the U.S. private-sector participants for the 2011-2013 sessions of the U.S.-Brazil CEO Forum.The forum includes up to 24 chief executive officers from the United States and Brazil and meets twice a year to pro...
USDA fills ag trade advisory committees The U.S. Department of Agriculture and the Office of the U.S. Trade Representative on Thursday announced the appointment of 148 private-sector members to the Agricultural Policy Advisory Committee (APAC) and six Agricultural Technical Advisory Com...
Americas market succumbs to price falls Oil dropped the most in a week as the euro tumbled against the dollar on concern that Greece's deteriorating debt crisis will lead to a default.
Biofuel research project given go-ahead The four and half year research programme will aim to find out whether countries such as the UK can grow algae on a large-scale and cost-effectively.
NCS and Honeywell unite to bolster fuel management system 'We are expanding our installations into more blue water fleets, which includes offshore support vessels,' says CEO.
Fujairah market soften Suez market stable.
Rotterdam prices fall Fog delays Gibraltar operations.
IBIA invites nominations for election to its Board Closing date for nominations is next month.
Unmanned vessel to be powered by wind and sun Renewable energy company says vessel will be a 'game changer'.
Environmental regulations will drive LNG demand LNG bunker volumes could hit 65 million mt by 2030.
Bunker demand driving China's fuel oil imports Domestic demand set to grow as fishing fleets put to sea.
Bunker prices falling as week ends Demand for bunkers sluggish at key Asian ports.
Adoption of mass flow meters to 'accelerate' Industry wants 'transparency, traceability and efficiency in bunkering operations', says measurement service provider.
Bunker supplier opens new office in Germany IBT Bunkering & Trading opens branch office in Rostock, Germany.
Managing counterparty risk 'particularly critical' now 'Not much room for complacency,' says Ocean Intelligence Director during the Bunker Asia forum.
DNVPS forecasts global increase in cat fines level 'Tremendous challenge' to control quality of low sulphur fuel once the North American ECA comes into force.
Brightoil, CNPC subsidiaries ink $157 million upstream contracts Targeting first gas production within six months from the start of construction, says group chairman.
Singapore authority responds to alleged bunker 'theft' 'Inappropriate' to comment about case, says MPA in official statement.
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