Baltic index falls to lowest in 2 weeks The Baltic Exchange's main sea freight index BADI, which tracks rates to ship dry commodities, fell to its lowest in over two weeks on Friday as growing vessel supply pressured earnings.
Kuwait Airways ramps up summer schedule Starting next week, Kuwait Airways, the national airline of Kuwait, is boosting its 2011 summer schedule by adding an additional AB340 flight on Saturdays on the London - Kuwait ro...
Russian Railways and ADIF agree to joint implementation of Twin Stations Programme Russian Railways and ADIF, Spain's Administration of Railway Infrastructure, have signed an agreement of intent to establish partnerships by twinning railway stations. Initially, t...
Qatar's ambitious rail plans 'should be fulfilled by 2020' The state of Qatar's total budget for rail development is estimated to be around USD 35 billion. The railway plans should be completed by 2020, two years before World Cup. Around 1...
Cargoline designates three road hauliers as partners of the year The general cargo alliance Cargoline has designated three German road hauliers as partners of the year. The firms are Schmidt-Gevelsberg in Schwelm, Bursped in Hamburg and Lebert i...
Trial scheme with modular road trains in Norway is expanded Norway has added 21 new stretches of highway that can be used by modular road trains. The trial scheme for longer and heavier vehicles with a length of up to 25.25 m and a total we...
Air France-KLM Cargo strengthens presence in Southeast Asia Air France-KLM Cargo and Martinair Cargo will have a new full freighter destination - Hanoi (Vietnam) - from 12 June. The flights are to be operated twice a week from Paris-CDG wit...
Axel Mattern new CEO of Port of Hamburg Marketing Axel Mattern has become chief executive officer of the Port of Hamburg Marketing Association. The decision to appoint him to the Port of Hamburg Marketing executive board was taken...
Volcanic ash hampers flight operations in Argentina The recent eruption of the Puyehue volcano in southern Chile is causing massive disruptions to air travel, particularly in Argentina. A large number of airlines have cancelled thei...
CMA CGM group changing brands within the West African Trade The OT Africa Line brand is gradually being phased out between 1 June and 30 June 2011, and being replaced by Delmas. The latter is, at the same time, reorganising its European age...
Zim introducing GRI Israel's ZIM will introduce a general rate increase (GRI) of USD 275/teu on 1 July. The GRI applies to westbound cargo from Asia and Indian sub-continent to Mediterranean, Black Se...
Demag Cranes and HHLA begin operations with battery-driven container transport vehicles The first fully-automated battery-powered Gottwald automated guided vehicles (battery AGVs) have been put into regular service at HHLA's Container Terminal Altenwerder (CTA) in Ham...
Raben acquires Wincanton's road network in Germany and business in Central and Eastern Europe Raben Group is acquiring Wincanton's German road network activities and businesses in Poland, Hungary, Czechia and Slovakia, subject to certain conditions. The acquisition is an im...
Agility and Schmidt Heilbronn extend collaboration Logistics service provider Agility has signed a memorandum of understanding with Schmidt Heilbronn, formalising a long-term collaboration with the European dry bulk chemicals logis...
Groupe Heppner definitely leaves downturn behind The Strasbourg-based family-owned French transport and logistics enterprise Groupe Heppner has now definitely left the economic downturn behind. In financial 2010 it improved its s...
JCL Logistics taking over Wincanton in the Netherlands JCL Logistics, based in Werndorf near Graz (Austria), is expanding in the Benelux region. To this end its Dutch branch JCL Logistics The Netherlands has signed a deal to acquire th...
Capesize rates hold ground as iron ore miners get busy Paper markets may be bottoming out and charterers are active at current levels
Saudi Arabia set to go it alone on oil output rises Oil production rises mean more employment for VLCCs but rates are unlikely to be affected over the long term
Suezmax earnings slump to 22-month low on tonnage glut Brokers expect further falls as tonnage list fails to shift
Record spot loadings from Middle East Spot loadings of oil on VLCCs out of the Middle East Gulf have topped the number of liftings recorded in the boom of 2008.
Heads up over emissions The shipping industry must stop burying its head in the sand and make a clear common industry statement about making progress on cutting greenhouse gases
What will fuel China's rise? Containership construction is beginning to shift from South Korea to Chinese yards, but price is not the only consideration
Bristol waits for economic tide to turn Plans to build a terminal capable of handling the world's largest boxships put on hold as port's owners look to challenge, London, Felixstowe and Southampton for a share of the UK's deepsea box traffic
From SS Great Britain to Maersk's Triple-E vessels Bristol's owners have invested $706m developing the 2,600-acre stite since privatisation in 1991
Former Maersk Line UK chief takes charge of Jersey harbours and airport Doug Bannister to maintain strategic hand in analyst BoxTradeIntelligence
China freight rates continue to fall Forwarders predict mounting losses
Sustainability - it's all a question of balance The drive towards a low-carbon industry must continue, because economic growth is only going to increase demand for energy
Bordeaux goes back to work Final resistance to port reform collapses
STW sub-committee did have input on lifeboat safety IMO sub-committee considered training implications of lifeboat release during comprehensive review of STCW Convention
The conservative: Wei urges restraint in recovery Cosco boss urges restraint in recovery
Mersey Ports tallies up the cost of moving nature reserve Master plan for green supply chain from Liverpool along the Manchester Ship Canal would place portcentric logistics park on Site of Special Scientific Interest
HHLA spins a wider web of hinterland terminals Rail connections create constantly moving 'conveyor belt' of trains to central and eastern Europe, with new terminal in Poland due to open this summer
Shipping's new aristocracy claim their place at the table The bosses of Seaspan and Cosco had reasons to look pleased at a launch ceremony and lunch at Pusan, but for their South Korean hosts there was much food for thought
The moderniser: Seaspan's Wang optimistic over vessel demand Competition will be good for owners who are strong enough to seize the opportunity
Diana Containerships prices public offering at $7.50 per share Greek owner will use proceeds as planned but haul is reduced after stock price drop
Hoegh listing could raise $174m IPO to fund order for industry's first newbuilding floating storage and regasification unit
Yangzijiang deal signals shift in boxship production to China Chinese shipyard seen as taking leadership with move into larger containerships
Boskalis to buy MNO Vervat Letter of intent signed on undisclosed terms
BIMCO shuns support for bunker levy Vancouver meeting proves lukewarm about supporting market-based mechanisms
NCC to buy out small shareholders Administrative move to reduce costs
PIL adds Vladivostok to north Asia round First call to Russian port on Tuesday
Bids roll in for Gothenburg terminal Skandia Container Terminal attracts major players
STX OSV to build two platform supply vessels for Island Offshore Delivery scheduled for 2013 in deal worth $138m
No bailout, Vinashin told VINASHIN will have to make good on all its debts, without a government bailout, Hanoi has reportedly decided
Get radical, BIMCO advises GREEN rules, and the technologies and procedures needed to meet them, are increasing cost challenges for shipping, BIMCO delegates heard in Canada
Return of blank cheques? THE RECENT IPO filing of Nautilus Marine Acquisition might point to a re-emergence of the 'blank cheque' start-up mode
Scrapping of US ship queried ENVIRONMENTAL group Basel Action Network has accused US regulators of illegally approving the scrapping of a US-flagged vessel at Chittagong, Bangladesh
Maintenance courses funded THE LLOYD'S Register Educational Trust Fund has awarded £1M ($1.6M) to a Dutch university to provide programmes in maintenance engineering, Fairplay was told today
Petronas plans regasification terminal for Johor MALAYSIA'S Petronas plans to build an LNG regasification terminal in Johor state, IHS World Markets Energy reported today
Diana spin-off prices offer NASDAQ-listed Diana Containerships today priced its follow-on offering to fund fleet growth and repay debt
South Australia boosts shipments of grain SOUTH Australian grain shipments doubled year on year in the three months to April, according to Canadian grain major Viterra
Higher coal rates to KOSPO offered BROKERS told Fairplay today that steam coal traders are bidding to offer Panamaxes to KOSPO at higher rates than last done
Bright spot emerges for Supramaxes INDIA-bound cargoes out of Richards Bay are a bright spot in a lacklustre Supramax market, brokers told Fairplay today
Russia mulls grain duties THE KREMLIN is reportedly considering introducing export duties to ease pressure on domestic grain prices after Russia restarts exports next month
Capesize rates fall again SPOT FREIGHT rates for Capesize bulkers have extended their losses, despite active trading, analysts said today
Hoegh LNG prices IPO HOEGH LNG Holdings said today it plans to raise 810-945M kroner ($150-175M) in an Oslo IPO to fund its expansion
Derivatives point to box pick-up TRADE on the container derivatives market is suggesting optimism among carriers that Asia/Europe rates will improve from next month
MR tanker rates drop BROKERS have told Fairplay that excess tonnage has resulted in falling freight rates for Asia-bound clean products
Lufthansa Cargo Growth Retreats Lufthansa Cargo traffic growth slowed to a "normal" 4.4 percent in May compared with a year earlier from double-digit increases...
Missouri River Flooding Shuts Rail Facilities The flooding Missouri River is cutting off rail lines, yards and shippers for several major North American carriers, and the...
Truckload Capacity Tightening, Shippers Say Shippers expect truckload capacity to keep tightening over the next year, but believe the less-than-truckload market will be more stable,...
YRC Gaining More Shippers, Survey Finds A recent survey of shippers had some good news for YRC Worldwide: Only 6 percent of those surveyed plan to...
Key Commodity Volume Strengthens at Short Lines Shipment volume for small railroads grew 10 percent in the week ending June 4 from the same week last year,...
Greek Ship Operator Barred From U.S. Noka Shipping, a Greek ship management company, agreed to pay $900,000 in fines and was barred from operating in the...
U.S. Pacific Export Rates Plunging, Executive Says Rates for containerized ocean shipping exports from the United States to Asia are sliding this spring as a sharp upturn...
Air Freight Rate Index Reaches Six-Month High International air freight rates out of Asia edged up to the highest point in six months in April, according to...
Diana Containerships Sets $168 Million Stock Offering Diana Containerships on Friday set the price of its public offering of 14.25 million shares of its common stock at...
Ryder Secures $900 Million Credit Agreement Ryder System is banking on expansion. The $5.1 billion truck lessor closed on a $900 million revolving credit facility with...
Air France-KLM Cargo Slips Air France-KLM cargo traffic slipped 1.4 percent in May from a year earlier as higher volume in the Americas couldn't...
GSC Logistics Acquires Best Way Trucking GSC Logistics, an Oakland, Calif.-based transportation provider and 3PL, expanded into the Pacific Northwest by acquiring Best Way Trucking, a...
Hong Kong Box Volume Flat in First Quarter The Port of Hong Kong, getting off to a slow start in 2011, saw ocean container volume grow a scant...
Sizing Up Shortages Will there be a container shortage this year? Until last year's slot capacity shortage hit the trans-Pacific market, mass shortages...
Terms of Reference Q: I have a contract with a motor carrier that incorporates "by reference" the National Motor Freight Classification. A question...
Strategy for Capacity A growing array of economy-watchers is looking toward freight rail transportation as a leading indicator of U.S. economic activity '...
Shippers, Truckers Slam Driver Fatigue Studies The National Industrial Transportation League is urging the Federal Motor Carrier Safety Administration not to change the truck driver hours-of-service...
Exporters Name OOCL Top Carrier Orient Overseas Container Line took first place in the annual ocean carrier performance survey taken among members of the Agriculture...
LA tanker terminal row Very Loud Californian Community fuming at proposed use of "unplugged" tankers at new terminal in Los Angeles.
Japan hauls in 19 Shanghai Ocean Shipping containership among deficient vessels held during May.
Brokers poached? To lose one broker may be regarded as a misfortune. To lose four looks like carelessness.
Diana prices at $7.50 Simeon Palios-led containership owner raising $170m to pay off debt, payments on boxship trio and buy another pair.
EU river drought fears German shippers and Austrian government dismiss stories of traffic on Rhine and Danube sinking as exaggerated and media hype.
Samba losing out in Brazil? Working life in Rio, why Norwegians should lose no time in getting their embarcation cards and qualifications for being a shipbroker in Australia.
Vasilios N on the block Proceeds from the sale of Greek vessel will fund repatriation of crew that fled war-ravaged Libya guided by the stars.
New hull damage found Canada's New Brunswick government delays return of Grand Manan V after grounding.
Wreck row Philippines mayor in court to prevent removal of grounded Nam Yang 8 as part of damages claim.
Nuclear boost for LNG Plan to shut down Japan's nuclear reactors by next April great news for shipowners and share prices, says Arctic Securities.
FedEx vet Texeira joins CMA CGM The French liner carrier CMA CGM said it has hired former FedEx veteran Philly Texeira as vice president of marketing and commercial global accounts. Texeira spent 20 years with FedEx in a variety of roles, most recently as vice president of sales ...
U.S. exports up 1.3% in April U.S. exports of goods and services in April increased 1.3 percent over the previous month to a record $175.6 billion, the Commerce Department reported Thursday. Monthly export values for U.S. industrial supplies ($43.4 billion) and capital goods (...
Hirschhorn promotes new export control lists Streamlining the State Department's Munitions List, part of the Obama Administration's major effort to overhaul the nation's outdated export control regime, will make life easier for U.S. companies that sell items that are not inherently military,...
Zim to raise westbound transatlantic rates Liner carrier Zim said Thursday it is raising westbound transatlantic rates July 1. The increase is $200 per 20-foot container and $300 per 40-foot container, and applies to all European origins and all destinations in the United States, Canada and...
Seaspan places order with China yard China's Yangzijiang Shipbuilding (Holdings) Ltd. said Thursday it has entered into contracts with Seaspan to build seven 10,000-TEU containerships for $700 million. Seaspan, the world's largest publicly traded lessor of containerships, also has an...
Tacoma to reorganize FTZ The Washington state Port of Tacoma has received approval to reorganize its Foreign Trade Zone No. 86 under the U.S. Commerce Department's new Alternative Site Framework (ASF) program. "Obtaining the ASF designation makes our FTZ a more effective ...
Americas pricing displays mixed trend 'In addition to the Saudi news, most economic indicators have been looking terrible,' says Chief Economist.
RINA publishes new LNG notation Designed to provide 'a level of integrity, from the point of view of safety and reliability.'
Wärtsilä awarded contract for Low Loss Concept system Estimating fuel consumption and advising on the optimal means of operating the vessel will 'save fuel and the environment.'
Rotterdam quiet as buyers push for lower levels Further price gains on Friday keeping buyers at bay.
Week ends with firm trend intact Strong crude close on Thursday pushing prices higher even as oil futures showed signs of easing on Friday.
Market expects more 'on-spec' material in July Premiums weaken for low-density 380 cSt product.
Use of IFO will 'grow' says consultant 'Pressure from prices and environmental regulations will dominate bunker sector for years to come,' conference told.
Doctors call for action on cruise ship emissions Say cruise ships should use low sulphur fuel in US port of Charleston.
Fujairah storage terminal looking for clients Emarat faciltity will have bunker blending unit.
Week ends with bunker prices up at most Asian ports Slow demand in Hong Kong.
BIMCO's new president focuses on shipping's energy challenges Shipping must 'live with fossil fuel and all its attendant challenges', says Yudhishthir Khatau.
Argos Terminals to get financial boost for expansion Terminal storage capacity to grow from 650,000 cubic metres to 1.5 million cubic metres.
Hong Kong bunker ops 'normal' despite tropical storm Typhoon reported 410 kilometres southeast of the port.
Singapore fuel oil stocks slightly up Slower demand from marine fuel market.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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