Risks soar for Japanese shipping lines Nippon Yusen KK's bond risk rose the most of any Japanese company in the past month as a surging supply of vessels and falling transportation rates prompted a warning of a credit rating downgrade.
Chinese captain stabs Korean officers, killing one A Chinese fishing boat captain stabbed two South Korean coast guard officers yesterday, killing one and injuring the other, after his boat was stopped for illegally fishing in South Korean waters, officials said.
Prospects for shipping industry unlikely to improve much: APL Shipping firms are operating in an unsustainable economic environment with prospects unlikely to improve much in 2012 due to high fuel prices, low freight rates and slowing demand, said the head of the world's sixth largest container firm.
Brazil's Vale may start iron ore hub in Subic Bay next year
US transport ministry supports southern railway corridor plans US transport minister Ray LaHood has awarded USD 5.6 million to the Texas transportation department for planning and environmental work to develop an Oklahoma City-South Texas rai...
Arik Air resumes London Heathrow services After a six-week suspension due to bilateral issues between the UK and Nigeria, the West African carrier Arik Air is now set to resume service between Abuja and London Heathrow.
Gerd Buss Stevedoring appoints new boss Wilfried Gerotzke is taking over the management of Gerd Buss Stevedoring in Hamburg with immediate effect. The company loads and unloads a broad range of goods. Gerotzke used to w...
Italian company wins rail contract in Turkey Salini Costruttori (Italy) has signed a contract worth EUR 147 million for the reconstruction and upgrading of the Köseköy-Gebze section of the Ankara-Istanbul high-speed railway ...
Shanghai heading for more than 30 million teu The port of Shanghai may well set a new throughput record in 2011. The hub expects to handle more than 30 million teu for the first time this year, and may even reach 31.5 million...
Report shows truck delays concentrated on few US freeways Traffic congestion, which delays trucks on US highways, is concentrated on just a few of the nation's freeways, according to the Texas Transport Institute's latest congested corri...
EBRD to co-finance road repairs in Moldova The European Bank for Reconstruction and Development (EBRD) is continuing to support the upgrading of Moldova's transport infrastructure and is co-financing the upgrading of roads...
Volga-Dnepr supports Nasa mission to Mars Parts of the launch vehicle for Nasa's most ambitious rover mission to Mars to date, which was launched into orbit in November, were delivered by Volga-Dnepr Airlines. A Volga-Dne...
Unifeeder to start weekly Antwerp-St Petersburg link Unifeeder is expanding its extensive Russian services and adding another weekly departure from Antwerp to St Petersburg. The new connection will call at St Petersburg's First Cont...
Liege airport successfully challenging European cargo trends 59,100 t of freight were transported through Liege airport (Belgium) in November, a 1% increase over the 58,400 t carried in November 2010. 618,700 t were handled between January ...
Zalando logistics centre on its way in Germany A ground-breaking ceremony for a new logistics centre for the online shop Zalando took place in Erfurt freight village (Germany) recently. Zalando, logistics property developer Go...
Swisslog lands major contract in Singapore Grocery Logistics of Singapore (GLS) has asked the Swiss intralogistics provider Swisslog to design and implement a new automated distribution centre equipped with CaddyPick in Si...
Unions in last-ditch attempt to save SeaFrance Ruling on bid due next week
Renewed call for shipping to pay for climate curbs COP17 closes in Durban with mixed messages for maritime sector
EXCLUSIVE: One-third of shipping accounts kept secret, says KPMG Many companies give no information whatsoever
Product tanker sold for premium after tendering for oil company charter Ice class vessel sells for $36m
Ports back campaign to weigh all export containers IAPH joins other shipping associations in support of mandatory rules
European Council to offer anti-piracy assistance Capacity building will help regional states tackle problem
Evergreen losing ground Continued refusal to order mega-boxships may stop company remaining competitive
ABS should lead the change in ship design Classification societies have a long history inspiring maritime innovation
Another round of summits, another last chance Shipping and other companies are being deprived of certainty on which to plan for the future
Younger crude carriers fetch bargain-basement prices Market anxious about planned auction of Samho Shipping VLCC
Cheniere inks another LNG export deal Latest contract highlights the rise of the US LNG export industry
Brokers question club justifications for blanket 5% premium increase Clubs in good shape while shipowners are struggling, says Tysers
Protesters target US west coast ports Occupy Wall Street aims to cripple supply chain
Noatum appoints Gadegaard AP Møller-Maersk veteran named commercial director for Noatum Terminals
Australia commits to Maritime Labour Convention Ratification needs 30 countries on board
Taking proper care of crew will relieve the pain of compensation claims Injury rates "too high" says Australia's Seacare scheme
Brussels tweaks rules for state aid for shipbuilders Changes aim to support innovation
Turbine boosts business case for liquefied CO2 shipments Maersk Oil-Siemens TriGen technology targets enhanced oil-recovery
Calls to ensure environmental technology is fit for purpose DNV says class has a role in offering owners the assurances they demand when installing new technologies
ClassNK launches consulting arm Company is latest classification society to take steps to boost revenues
Le Havre rewards clean carriers with green shipping discount Trial scheme launches in January
Capesize secondhand values plummet in defiance of charter market Panamaxes only exception to falling dry bulk prices
SeaFrance asset takeover move wins approval Bid by DFDS and Louis Dreyfus gains belated support from French competition authority
Box weighing supported SHIPPING groups today called on the International Maritime Organisation to mandate that loaded container weights be verified before boxes are loaded
Cheniere scores more sales MOMENTUM continues to build for Cheniere's game-changing LNG export project in Louisiana, with a third S&P deal unveiled
SeaFrance workers plan partial-funds offer A WORKERS' co-operative seeking to take over SeaFrance was preparing today to deposit a last-day offer - but one with only partial funding
Box rates keep dropping THERE'S no bottom in sight for eroding box rates on the Asia-Europe and trans-Pacific routes, even with the rate of decline slowing last week
WCUS port protesters said to act in error TODAY'S planned US West Coast port shutdown by wealth-gap protesters is misguided, the terminal operator SSA Marine told Fairplay
Banking 'nosedive' warned FUNDING problems at Europe's banks have produced the worst shipping market conditions in a quarter-century, Jessica Maitra, partner at law firm Eversheds, warned today
NASDAQ warns another DRYBULK operator FreeSeas has been warned of a potential delisting by NASDAQ, as shipping's low-pricing squeeze gets tighter
Survivor sought in sinking RESCUERS are looking today for a crew member missing since his cargo ship capsized and sank early yesterday in the Philippines
VLCC pool seen sparing liners 'a pickle' TANKER consultancy Poten & Partners has hailed moves by MOL, Maersk, Samco Shipholding and Singapore's Ocean Tankers to form a 50-VLCC pool by next year
Yangzijiang unveils Qatar Investment deals SINGAPORE-listed Chinese shipbuilder Yangzijiang said today it will invest $205M in two ventures with Qatar Investment Corp to build offshore oil & gas vessels and platforms
First double-hull VLCC sent to Alang breakers MOL'S Atlantic Liberty, which was reported as sold for further trading, has actually been sold for guaranteed-green recycling in Alang, India
Blohm+Voss building unit acquired by UK's Star GERMAN conglomerate ThyssenKrupp, Blohm + Voss said today it is selling its shipbuilding unit to UK financial investor Star Capital Partners
Sinopacific sells 6 ships CHINA'S Yangzhou Dayang yard has sold six 58,000dwt Supramax newbuilding bulkers, a broker said today
Drybulkers hold their uptick SPOT RATES for Capesize drybulkers are continuing to gain, with further uptick in the horizon, brokers said today
Whitehaven, Aston combine AUSTRALIA'S Whitehaven Coal and Aston Resources said today they have combined to create a coal giant seeking more capacity at Newcastle's port
Jaxport Gets $10 Million for Intermodal Rail Facility The Jacksonville Port Authority received $10 million of the $25 million in federal funding it requested to build an intermodal...
CEVA Names Damco Exec to Lead China CEVA Logistics named Martin Thaysen managing director for China, luring him away from major rival Damco. Thaysen has been Damco's...
NY-NJ Port to Spend $39 Million on Terminal Road Work The Port Authority of New York and New Jersey approved spending $39 million on one of the main roadways serving...
Shipping Carbon Tax Blocked at UN Climate Talks A carbon tax on international shipping to finance a "green fund" for developing nations was blocked at recently concluded United...
Occupy Protest Disruptions Limited to Oakland The Port of Oakland was the only port along the West Coast to report significant disruptions Monday morning after Occupy...
Occupy Protesters Descend on West Coast Ports Several hundred Occupy movement protesters blocked entrances to the Port of Oakland on Monday while police in riot gear lined...
Ocean Carriers Want Container Weight Verification Rule International ocean carrier and port groups are urging the International Maritime Organization to adopt a rule that would require containers...
OOCL Joins CMA CGM Asia-New Zealand Loop OOCL is joining in a vessel-sharing agreement with CMA CGM on the French carriers' service between New Zealand and Northeast...
Truckload Driver Turnover Rate Hits 89 Percent The driver turnover rate at large truckload carriers rose to 89 percent in the third quarter, as trucking companies struggled...
NY-NJ Pier Worker Charge With Illegal Bookmaking A pier superintendent at Maher Terminals in the Port of New York and New Jersey was arrested on a federal...
ATA, Analysts Report Strong Truckload Demand Truckload freight volumes were stronger than analysts expected in the first weeks of the fourth quarter, according to investment research...
Japan to Revise Taxes on Ship Tonnage The Japanese government has revised the nation's tonnage tax system in response to strong pressure from domestic shipping firms, which...
Thai Floods Cut Toyota's Profit Forecast in Half Toyota cut its profit forecast by more than half after Thailand's worst floods in almost 70 years disrupted output of...
Emirates Shipping Reduces Indian Port Congestion Fee Emirates Shipping Line reduced the port congestion surcharges the carrier has imposed on containers shipping through India's Port of Chennai...
TNT Sells India Road Operations TNT Express, extending the reorganization of its global delivery operations, said Monday it will sell the company's domestic road business...
Maersk, U.S. Navy Conduct Algae-based Biofuel Test Maersk Line is working with the U.S. Navy to test biofuel derived from algae on a Maersk container ship on...
APL Volume Rises 2 Percent, Revenue Falls The average revenue per 40-foot equivalent container unit transported by APL fell $1 from the month before even as the...
India Downgrades Export Forecast by 6.7 Percent India downgraded its expectations for exports by 6.7 percent in fiscal 2012, which ends March 31, after the country admitted...
Armed Guards Reopen Trade on Southeast Asian River International shipping movements on the Mekong River in Southeast Asia have restarted under armed escort after the killing of 12...
Are Retailers Ready to Reload? Retailers lured millions of Americans out of bed to snap up bargains on Thanksgiving weekend. But will consumers stay awake...
Truckers Warm to Cold Chains Refrigerated cargoes are becoming hot commodities in trucking, as truckload carriers launch expedited services to speed refrigerated freight from coast...
Driving a Hard Bargain Every three years, office clerical workers in Southern California sit at the bargaining table with waterfront employers and launch what...
ILA's Battle Cry James Devine says he isn't trying to pick a fight with the International Longshoremen's Association, but he may face one...
Alliance Demands 'Vigilance' From Wary Shippers European shippers are worried the efficiencies Mediterranean Shipping and CMA CGM get from their alliance simply will translate into higher...
Big Ships, Big Alliances Ocean carriers have spent the past week number-crunching to gauge the impact of the sudden announcement from Mediterranean Shipping and...
Shipping's Mega Wave While attending the TOC Americas 2011 Conference in Panama last month, I heard four ocean carrier executives say very similar...
MSC Takes the Conn Along the way to becoming the largest container carrier serving the United States, Mediterranean Shipping has struck an almost perfect...
Capacity in the Crosshairs Shipping lines preparing to close their books on a year of hefty losses face a difficult choice: They can find...
Marine Highway's Rising Stock Next February, Todd Lush will be among the first customers of a new marine highways venture by the Port of...
How to Kill 'Zombie' Carriers For federal regulators, the latest directive appears to be the old proverb, "Fool me once, shame on you; fool me...
Border Deal Is MMM, MMM Good Walk through the baby food aisle of any Canadian grocery store, and you'll find big cans, not the convenient single-serving...
Tilden joins Brookfield Infrastructure Group Doug Tilden, the former ceo of Marine Terminals Corp (MTC), has joined Brookfield Infrastructure Group (BIG) as the company's senior consultant for its ports business. ...
Duisburg signs deal with Abu Dhabi Ports Company Duisport has signed a Memorandum of Understanding with Abu Dhabi Ports Company (ADPC). The details of the agreement have yet to be defined, but Duisport will, no ...
Moody's attacks EU inertia Ratings agency Moody's has criticised the European Union for its, 'continued lack of decisive policy measures', to deal with the eurozone's chronic debt crisis.Moody's ...
UNFCCC agrees nothing for transport in Durban Whilst much has been made of the progress made this weekend at the United Nations' Climate Change Conference (UNFCCC) in Durban, little appears to have been agreed ...
Rena: slow progress for box salvage Only 28 more containers were recovered from the MSC-operated boxship Rena at the weekend, from its precarious position on the Astrolabe Reef, North Island, New ...
Horizon Lines' 'reverse stock split' boosts fight to restore position on NYSE US Jones Act carrier Horizon Lines is further along the path to solving its troubled financial situation after agreeing to a reserve stock split - which the company ...
New grain export facility proposed at Long Beach The US West Coast Port of Long Beach (POLB) is capitalising on the boost in the country's exports after announcing a proposal to build a new grain export facility.Total ...
Occupy readying for USWC port blockade The anti-Wall St. Occupy movement is seeking the support of longshoremen as it prepares to march on US west coast ports today in an attempt to block port entrances ...
Toyota hit by Thai floods Japanese car manufacturer,Toyota, has seen its profit forecast slashed in half by the supply chain disruptions caused by the severe floods in Thailand.The world's ...
Prices movements mixed in Fujairah Double-digit falls in South Africa.
Bunker markets soften across Europe Tight avails of 180 cSt material in Gibraltar.
Cold-ironing facilities for Stena Line's Dutch hub ABB will modify four Stena Line vessels.
Rolls-Royce announces range of fuel-efficient ship designs 'Low emissions and reduced operating costs are key drivers' in maritime sector, says power systems company.
WFS terminates court proceedings Reports suggested a settlement had been reached on unknown terms.
More bankruptcies predicted Bunker prices contributing to 'unsustainable economic environment'.
Asian prices look for direction as week starts Demand mixed at key Asian bunkering ports on Monday, traders say.
Transport group supports bunker fuel levy A bunker fuel levy and a possible shipping emissions tax should be 'flag blind,' says the International Transport Workers' Federation.
US, China and India oppose bunker levy for GHG fund UN climate funds should come from national budgets.
MGO supplies tight in Singapore Suppliers 'hold back' MGO stocks to wait for prices to be 'more profitable,' according to traders.
IMO to give GHG fund 'priority consideration' in 2012 New rules for shipping emissions must apply to all vessels regardless of country, says IMO Secretary-General.
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