Shipping body laments drop in bank credit THE banking crisis has altered shipping finance, making less credit available to buy vessels which in turn hinders fleet renewal and dampens world trade, said the chairman of the International Chamber of Shipping, Spyros Polemis, at yesterday's Sea Asia ship financing conference.
A new breed of shipowners HERALD the rise of dry-side industrial players becoming the new breed of shipowners, said Standard Chartered Bank's head of shipping financing, Nigel Anton, at yesterday's ship financing talk during the three-day Sea Asia conference.
Singapore ports to get $20m shot in the arm SINGAPORE'S ports are going to get a $20 million boost over the next five years through the Port Technology Research and Development Programme.
Western European airlines heading to the Southern hemisphere Air France is launching a thrice weekly Paris CDG ' Cape Town (South Africa) service on 3 November. The route will be operated with Boeing B777-200ER aircraft offering a belly capa...
China Cargo chooses BFS China Cargo Airlines has appointed Bangkok Flight Services (BFS), a joint venture between the cargo handling organisation Worldwide Flight Services and Bangkok Airways, as its carg...
Sendai airport re-opening today Japan's Ministry of Land, Infrastructure, Transport and Tourism has announced that Sendai airport will reopen to commercial traffic today (13 April). After Sendai goes back into se...
Germany's railway engineering sector saw sales grow in 2010 Railway engineering companies in Germany set a new record last year with a turnover of EUR 10.9 billion. This represents a 4.8% increase compared to 2009. The railway industry's sa...
Bombardier receiving more orders Bombardier Transportation, a global leader in rail technology, reported its overall financial results for the fourth quarter and the year ended 31 January 2011. Bombardier Transpor...
GB Railfreight runs first interhubGB service GB Railfreight (GBRf), a UK-based freight haulier, successfully ran its first interhubGB service recently. The service left Barking at 23.20 and arrived at Manchester Trafford Park...
Massive opposition to gigaliner in Germany Forsa, an opinion research institute, has compiled a new, representative survey showing that more than three quarters of all German citizens (77%) are opposed to the use of gigalin...
Volvo Trucks selling heavy hybrid lorries As part of the Volvo Group's focus on hybrid vehicles, Volvo Trucks is now commencing sales of heavy hybrid trucks, under the name Volvo FE Hybrid, to customers in selected Europea...
Foundation stone laid for new Volkswagen engine plant in Mexico The foundation stone for a new Volkswagen engine plant in Silao in the central Mexican state of Guanajuato was laid in the presence of the governor, Juan Manuel Oliva Ramin'z, and ...
Global Ports Terminals: turnover exceeds pre-crisis level Global Ports, a group of leading operators of container terminals in the northwest and Far East of Russia, reported that its container turnover grew to 341,222 teu in Q1/2011. This...
Port of Long Beach: Richard Steinke steps down The port of Long Beach CA (USA) has reported that its executive director, Richard Steinke, is leaving on 30 September after serving the USA's second largest port for fourteen years...
Hansa Heavy Lift continues to serve heavylift sector Hansa Heavy Lift GmbH (formerly Beluga) is to continue operating in the steel, project and heavylift market. Ten P-class heavylift vessels and five super heavylift F-class units ar...
MOL: the Fuji Maru cruise ship calling at ports in Iwate Prefecture The Japanese shipping company Mitsui O.S.K. Lines (MOL) recently announced that its ocean cruise ship - the "Fuji Maru" has started calling at the ports of Ofunato, Kamai...
EIB supports investments in port of Koper The European Investment Bank (EIB) is providing a EUR 35 million loan for modernising the Slovenian port of Koper's infrastructure. The move is designed to expand the capacity...
DHL Supply Chain expands in Australia DHL Supply Chain Australia has started building three distribution centres in Sydney's western suburbs. The distribution centres, which will cost around AUD 80 million (USD 84...
Dachser opens office at Dresden airport The international logistics provider Dachser wants to continue growing in its home country Germany. In line with this aim, the company's division Dachser Air & Sea Logistics ha...
Fiege Group inaugurates new logistics centre in Rome The German logistics provider Fiege, based in Greven, recently inaugurated a new logistics terminal in the industrial town of Colle Ferro in the province of Rome (Italy). The new s...
Correction: THY flying to Basra from 11 May In yesterday's new item entitled "Turkish Cargo launches freight services to Iraq" , we erroneously reported that the airline began flights to Basra (Iraq) yesterday (11 ...
Rio Tinto ore production down 20% Australian weather hits iron ore and coal volumes in first quarter but recovery on way
Box owners feel squeeze as TCC relets hit market Rumours that three of the no-frills operator's vessels have found new employment with MSC
VLCC rates on Middle East Gulf to Japan route dive 44% in two weeks
Opec spot fixtures up 40% in March Spot fixtures involving Organisation of Petroleum Exporting Countries members rose by 4.33m barrels per day, or 40%, in March compared with February
Maersk to boost fleet with 10 more 18,000 teu giants Nils Andersen confirms line is preparing to exercise option worth $1.9bn for 10 more Triple-E class vessels
Box lines in a spot of bother If box lines slide back in to the red, it will not be for lack of cargo but that dangerous craving for market share
London calling It is something of an anomaly that London has so few shipping companies listed on its stock exchange
Omega wins one month extension in loan talks Senior $242.7m credit facility with HSH Nordbank now to reach maturity on May 10
BG Freight Line service links Teesport and Antwerp Launches third weekly service between Teesport and mainland Europe
Navios in rates deal with Korea Line Charter contracts to be temporarily suspended after which they will resume on ammended terms
LA-Long Beach truck delay perception misplaced Queues could be shorter if container deliveries and collections were better spread out
Box sector heading for shortest business cycle Lines may return to losses again after 2010 bumper profits as freight rates collapse
Somali pirates free Thoresen cargoship Thor Nexus had been hijacked since Christmas Day 2010
Stanships to scrap elderly bulkers after second magic pipe conviction Three bulkers to go as it preapres to pay $1m fine
Hurtigruten secures $940m deal with Oslo government Agreement will ensure ferry operator can continue operating the daily Bergen-Kirkenes route
Hamburg Süd returns to profit as volumes rebound Line sees total container volumes of 2.9m teu in 2010 while liner shipping turnover hits $5.7bn
Latest transpacific upheaval gives Long Beach the edge Grand China Shipping picks port for its new China-US service as TCC exits trade
UK Ship register nears 18m gt Some 22 ships joined the register in the first quarter of 2011
Lloyds shipping loans sale rumours dismissed Sources say rumours bank close to finalising sale is without substance
Stena clears Irish Sea regulatory hurdle Irish competition authority clears gives go ahead to Stena Line
Louis Dreyfus Armateurs cableship wins jet crash recovery contract Ile de Sein awarded contract to recover flight recorders and wreckage from an airliner that crashed in the South Atlantic in June 2009
UK court backs FFA insolvency payouts If insolvency triggers early termination of a forward freight agreement, the party in the money must be paid
Arrested vessel can still be covered by war risk insurance A loss is not necessarily excluded from war risks cover simply because it results from acts taken by a foreign court
South African hard line over guns adds to piracy frustration Effects of piracy problems off Somalia and out into the Indian Ocean causing additional concern for P&I Clubs
Are we facing a piracy arms race? Shipowners have the difficult task of ensuring that they employ a reputable security company with experienced, well-trained personnel
Telling tales creates confusion about LNG Environmental groups, do you really want to go against natural gas and stick with oil?
Indian Navy's muscular approach could drive pirates to Malacca Game of cat and mouse has seen the smarter pirates head to waters that are less patrolled
Southeast Asia re-emerges as piracy hot spot Southeast Asian piracy has resurfaced as a major threat to shipping
CMA CGM to resume Ivory Coast port calls First vessel due to arrive in Abidjan on Monday
Seafarer seeks $1.2m in damages Brings lawsuit against Archer Daniels Midland and American River Transportation
DryShips prices junk bonds GEORGE Economou-led DryShips today confirmed that subsidiary Ocean Rig has priced $500M in bonds to fund newbuildings
Qatar tells Libya oil role QATAR has confirmed its involvement in marketing a shipment of 1M barrels of crude transported from a rebel-held Libyan port last week, IHS World Markets Energy reported today
Top Ships debt noose tightens again TOP SHIPS does not expect to generate enough cash to cover this year's debt repayments and has not secured waivers from most lenders, a new SEC filing has revealed
Deltamarin wins Handymax design contract FINNISH naval architecture company Deltamarin has signed an agreement to design four Handymax bulkers being built for France's Louis Dreyfus Armateurs
Atlantic bright spot seen A RISE in arbitrage trade in oil products across the Atlantic has brightened that sector's prospects for product tankers, even while tanker owners are having a tougher time in the Far East
More charterers buying ships THE TREND of commodity owners and traders becoming shipowners is likely to persist as ship prices fall, a Singapore conference was told today
LDA hired for plane salvage FRANCE'S Louis Dreyfus Armateurs and partner Alcatel-Lucent have been hired to retrieve the debris of the Air France aircraft that crashed on 1 June 2009
US import forecasts cut THE EIA has cut its outlook for US imports of crude, oil products and LNG, and raised its forecast for crude pricing
Migrant row imperils energy scheme ITALY could scuttle a scheme to build an underwater energy connector to Malta because of their dispute over migrants, IHS Global Insight reported today
EC funds Spain/UK ferry scheme THE EC said today it is granting up to '5.57M ($9M) to Brittany Ferries for a shortsea scheme linking Portsmouth with Bilbao and Santander in northern Spain
A steppe forward for grain? RUSSIAN grain traders today welcomed an announcement that Ukraine wants to set up a sales pool with Russia and Kazakhstan
15 held after Algeciras hash found SPANISH police said today officers have arrested 15 people in the seizure of 841 kilos of hashish at Algeciras
Hurtigruten signs subsidy deal NORWEGIAN ferry company Hurtigruten has signed an eight-year, 5.1Bn kroner ($940M) contract with the transport ministry for continuation of its Bergen/Kirkenes service
Port worker rescued from container A CHITTAGONG port worker is recovering in Singapore after reportedly being trapped in a container for nine days with a colleague who died
Brazil's ports surge RECORD shipping volumes and cargo backlogs are reportedly enticing investors are into Brazil's ports at prices three times more dear than in the broader market
Mica Blasts FAA Staffing Decision U.S. Rep. John L. Mica, R-Fla., Chairman of the House Transportation and Infrastructure Committee, blasted the Federal Aviation Administration's response...
LAX Freight Falls 5.7 Percent Freight traffic at Los Angeles International Airport fell 5.7 percent in February in a new signal that the strong rebound...
Trucking Group Urges DOT to Drop Hours Proposal New data showing a lower rate of truck-involved accident deaths indicate more restrictive hours of service rules for truck drivers...
Pirates Release Beluga Nomination Somali pirates released the Beluga Nomination after almost three months of captivity, according to European news sources. Beluga Chartering said...
FAA Adds Controllers at 27 Airports The Federal Aviation Administration is placing an additional midnight shift air traffic controller at 27 control towers, effective immediately, in...
Government Freight Index Fell 1.5 Percent in February Freight shipping declined about 1.5 percent month-to-month in February, the U.S. Department of Transportation's Bureau of Transportation Statistics reports. ...
Houston Truck Fair Focuses on Drayage Loan Program The Port of Houston on Saturday will co-sponsor a truck fair to inform harbor drayage companies about an incentive program...
Transport Auction Site Opens to Brokers Online transportation marketplace uShip is opening its doors to freight brokers, allowing brokers to offer loads to truckers on the...
Maersk to Switch to Low-Sulfur Fuel in Singapore Maersk Line ships will switch to using low-sulfur fuel while in the Port of Singapore to reduce carbon and sulfur...
ABF Freight Makes Appeal, Awaits Decision A panel of appellate court judges will decide the fate of an unprecedented legal battle between two major trucking companies...
Maersk Likely to Order 10 More 18,000-TEU Ships Maersk Line is likely to exercise its option to order another 10 huge container ships in June, its chief executive...
Drewry Forecasts Ocean Carrier Losses This Year Drewry Shipping Consultants is forecasting that many ocean carriers will struggle to break even this year because of plunging rates...
DB Schenker to Launch Europe-China Rail Service DB Schenker is planning to launch scheduled container rail services between Germany and inland China later this year aimed at...
Hamburg Sud Returns to Profit Hamburg-Sud, Germany's second largest ocean carrier and 13th in the world, returned to profit in 2010 from its first ever...
Maersk Hikes Piracy Risk Surcharges Maersk Line announced an increase in its piracy risk surcharges imposed earlier on containers moving between the Indian subcontinent, the...
ANA International Cargo Rises 11 Percent Japan's All Nippon Airways said its international cargo volume rose for the 18th consecutive month in February on a year-on-year...
Sendai Airport Reopens for Commercial Flights Sendai Airport reopened for commercial flights Wednesday as a Japan Airlines flight touched down with about 120 passengers from Haneda...
Graham demands money for Charleston U.S. Sen. Lindsey Graham, R-S.C., is demanding funds be provided in the current fiscal year to study deepening the Port of Charleston. "It's imperative we have a 2011 study completed by the (U.S. Army Corps of Engineers) regarding the deepening t...
GT Nexus inks Medline deal Oakland, Calif.-based trade software company GT Nexus has won a contract from Medline Industries Inc. to provide the medical products company with an enhanced global logistics management platform. Medline, the nation's largest privately held manu...
MCC adds Yantian call on intra-Asia loop MCC Transport, the intra-Asia specialist carrier of the A.P. Moller - Maersk Group, is adding a second call at Yantian to its IA6 service that calls multiple regions in Asia. From April 14, the rotation will change to Singapore, Da Nang, Haiphong, ...
Ship owner banned from U.S. Four corporations involved in owning and operating a fleet of bulk carriers regularly visiting New Orleans pleaded guilty Tuesday to pollution-related offenses, agreed to pay a $1 million penalty and are banned from doing business in the United Sta...
Hamburg Süd revenue up 45% in "pleasing" '10 The German container line Hamburg Süd said its 2010 volume grew 23 percent to 2.9 million TEUs, on revenue that rose 45 percent to 3.9 billion euros ($5.6 billion). The privately held line did not disclose profit figures, but said it had a "pleasi...
Drewry: Some carriers will lose money in '11 Some container shipping lines may struggle to break even in 2011 after netting huge profits in 2010, according to the latest edition ofDrewry Shipping Consultants' Container Forecaster.The dire projections come as lines have largely ignored the le...
NYK waits on vessel innovation NYK Group President Yasumi Kudo made a pledge in early 2010 to reduce his company's asset load, specifically saying the company wouldthin its owned containership fleet and rely more on chartered vessels . Since then, the company has followed the p...
Gasoline stockpiles plunge Inventories of motor fuel plunged the most in 12 years.
Fujairah bunker market falls In Cape Town, deliveries were available for supply up to and including April 27.
Refining industry warning on low sulphur fuel supply Cashflows for investments required to produce more distillates at a low ebb, no industry cohesion driving decisions, IBC is told.
Bunker prices tumble Congestion reported in Piraeus.
Gibraltar bunker spill 'under control' Anti-pollution vessels and equipment deployed to contain oil spilled during a bunkering operation.
'Bad cocktail' leads to oil price forecast revision Hedging firm expecting 'a period with higher than usual prices' and says low sulphur products are driving some of it.
Maersk switching to low sulphur fuel in Singapore Switch will benefit the island state, says group CEO Nils Smedegaard Andersen.
Slow steaming poses 'challenges' for lube technology Slow steaming and emissions control measures call for a 'new generation of marine lubes,' says Total Lubmarine.
Bunker prices on downtrend in Asia Demand 'mixed' at Asia's key bunkering ports on Wednesday, traders say.
Grounded tanker threatens to break up 'Urgent need' to drain bunker fuel as the vessel's hull is deteriorating.
Maritime, oil firms pledge for green shipping in Singapore Pledge to support and promote clean and green shipping in Singapore.
Singapore commits S$100 million towards green shipping MPA unveils Green Ship, Green Port and Green Technology programmes.
Sentek wins Singapore Bunker Award 2011 Second time an independent local supplier wins the Bunker Award at Singapore's IMA.
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