Bangladesh ship-breaking yards resume work with rules eased Bangladesh's vast ship-breaking yards are roaring back to business, after the easing of strict environmental regulations that brought the major industry to a halt for much of 2010.
Iran shipping line to fight sanctions in EU court Iran's state shipping line will challenge the latest round of sanctions at the European Union's highest court, saying there is no evidence showing that it has been involved in arms trafficking as EU and US officials say.
Lloyds Bank in talks to sell shipping loans Lloyds Banking Group plc, in which the UK government has a 41 per cent stake, is still in talks to sell its shipping loans.
VLGC rates creep up but owners struggle for profits Two-week high for rates as charterers take on ships in Middle East Gulf
LR tankers find favour in quiet market Long-range two tankers have been at the top of the agenda over the past week with brokers reporting a number of varied transactions ranging from straightforward sales to refinancing deals, in an otherwise quiet tanker sale and purchase market
LNG order spree to avoid previous pitfalls The recent spate of LNG carrier newbuilding ordering is unlikely to drive the market rate down through an oversupply of vessels as happened during the last speculative ordering spree ten years ago
Bangladesh import tax rise to stifle scrap rates Brokers fear Bangladesh dip could spark falling rates across Indian subcontinent
Chinese snap up older Japanese bulkers at premium prices Chinese buyers have bought the Hitachi Shipbuilding-built panamax bulk carrier Blue Coral at a premium, as older Japanese-built bulk carriers dominated the headlines last week, pulling in buyers attracted by their quality
Stability the bride of prosperity The re-election of prime minister Recep Tayyip Erdogan's Justice and Development Party can only help Turkish shipping's aggressive players to build up their presence
Cost of sanctions The international isolation of Iran is spreading throughout the country's economic life, as OPM has just discovered
Arming yourself againstthe exposure to liability Use of armed guards on ships could lead to unforeseen litigation
Service reliability figures should be standard marketing information Carriers that embrace a customer-focused approach will be more successful in the long run
Under the hammer: Odense yard to be sold off Famous yard and its contents to be sold
Vsat satellite services increasing in popularity despite drawbacks Increased costs are a major hurdle, survey reveals, but improved connectivity and applications are overcoming doubts
New research adds doubt to benefit of LNG as ship fuel SOx and NOx advantages are clear but Swedish research says global warming reduction is being overstated
Container industry heavyweights join drive for electronic bills of lading Nigel Pusey and Andre Toet appointed as directors of ESS
Maersk call to arms gives fresh impetus IT companies welcome initiative on transparency
CSAV pulls out of east-west box trades Asiam service linking the Indian subcontinent, Southeast Asia, China and US west coast to be suspended as rates keep falling
Drewry forms alliance with tendering software provider Move comes as Trade Extensions seeks a partner able to help its clients build tenders that reflect that complexity of inter-continental supply chains
Depreciating dollar dashes hopes for Chinese cash Owners warned not to rely on China to pick up the slack from traditional lenders
Inexperience a danger in arctic, says insurer Remoteness pushes up cost of cover for polar voyages
Shipping escapes fallout from China's spat with Vietnam Territorial disputes are not so far impeding the flow of maritime trade through South China Sea
Norway's Solvang returns to Hyundai Heavy for 84,000 cu m LPG carrier Vessel is scheduled for delivery in third quarter of 2013
Ship capsizes at Algeciras berth Investigation under way as cause of casualty is still to be discovered
Keppel FELS wins $260m rig order from Floatel Third order for semi-submersible accommodation rig from Oslo-listed company
Ransom paid to free tanker Zirku said to be well below the reported $12m Confusion caused by uncritical acceptance of Somali pirates' talking-up of deals
FreeSeas chops its asking price on warrants Class-Z expiration date extended from June to August as new value of $1.80 compares with Nasdaq share price of $2.20
HSBC raises forecast for DP World Ports group's adviser sets higher share price target in trading update
Tanker trauma tails off but dry dramas remain Capesize rates are likely to stabilize this week with prompt tonnage in demand for late June and early July from Australian mining names
Singapore container throughput shows 4.3% rise for first five months Volumes in May are the best so far this year
OPM draws blank on Iran port contract payment Port consultancy says payment dispute with Iran's Tidewater has reached a dead end
Layoffs spark Bilbao strike WORKERS walked out today at the La Naval yard in Bilbao in reaction to a move to lay off 40% of the workforce
LNG building boom extending SHIPPING analysts predicted today that the newbuilding surge in LNG carriers would continue, with LNG role in the global energy mix growing steadily
5.5% box rate rise seen A BANK report has predicted a rise of 5.5% in box rates on average this year
IRISL to appeal EU sanctions IRISL reportedly plans to challenge sanctions against it before the EU's highest court
US Navy intercepts suspected weapons ship A US WARSHIP has reportedly intercepted a ship suspected of smuggling weapons to Myanmar from North Korea
Tallinn's cruise sector is booming CRUISE passenger arrivals in May rose 33% in Tallinn from that month of 2010
Three hurt in capsizing DENMARK'S salvor Svitzer is working today on a plan to refloat a box ship that capsized at Algeciras, injuring three seafarers
Saudi non-crude exports rise SAUDI Arabia's exports of petrochemicals reportedly rose 41% in April over that month of 2010, but such exports dropped on a month-on-month basis
Shell plans second FLNG project ROYAL Dutch Shell announced today that it is helping to develop a second floating LNG facility off Australia, less than month after it revealed plans for the world's first such facility
Phnom Penh's May total rises 34% THROUGHPUT at Cambodia's Phnom Penh Autonomous Port in May reportedly rose by 34% from totals recorded in May 2010
Bumi Armada plans IPO MALAYSIAN offshore and FPSO player Bumi Armada plans to raise at least 175.7M ringgit ($57M) in a relisting
Tug master killed in Oz capsizing A TUG MASTER has died after his vessel capsized in Gladstone in Queensland
OPDR, XCL merge services GERMAN shortsea carrier OPDR and Swiss feeder carrier X-Press Container Line have merged their box services linking northern Europe with northern Spain and Portugal
VLCC fixing exceeds high FIXING on the VLCC spot market high in April and May exceeded its three-year high, yet freight rates remain subdued on ample tonnage supply, shipbrokers said
Demolition derby speeds up SOUTH Asia's monsoons are dragging down breaking rates, but traders and brokers told Fairplay today owners are keen anyway to scrap their least profitable rustbuckets
Port Plans for Sydney, Nova Scotia James Wooder of Sydney Port Group describes plans for the development of a major container and breakbulk port at Sydney,...
As One Strike Expands, Another Looms in Canada Canada's 10-day series of rotating postal strikes mushroomed Monday to 10 cities in seven provinces as a potentially more damaging...
CSAV Volume Up, Average Revenue Down CSAV's volume of transported containers increased 6.8 percent in May over April, but the average revenue per container declined. ...
Nehru Port Volume Down 2 Percent Container throughput in India's Port of Jawaharlal Nehru (Nhava Sheva) fell nearly 2 percent year-over-year in the April-May period, the...
Court Hears ATA's Arguments in Clean Truck Case The U.S. Court of Appeals for the 9th Circuit heard oral arguments in the American Trucking Associations' challenge to the...
Maersk CEO Explains Details of Manifesto When Maersk Line CEO Eivind Kolding issued a manifesto to the container industry on June 7 calling for...
Japanese Firm Inks Westwood Purchase Deal Japan's Sumitomo Warehouse said today that its wholly owned subsidiary, J-WeSco, signed a contract to acquire a 100 percent stake...
CSAV Suspends Trans-Pacific Loop Service Chilean carrier CSAV said Monday it will suspend its Asiam service from India, Southeast Asia and China to the U.S....
Greek Dockworkers Plan 24-Hour Strike Greek dockworkers will join a 24-hour general strike June 15 to protest fresh austerity measures imposed by the Socialist government...
Hub Group Buys Drayage Company Intermodal services provider Hub Group acquired Domestic Transport, a Pacific, Wash.-based drayage company that delivers containers in the Pacific Northwest. "This...
Seaspan Adds 61st Ship Container ship owner-charterer Seaspan took delivery of the first of new eight containerships with capacities of 13,100 20-foot-equivalent units. ...
Export Surge Pushes Round-Trip Strategy on Pacific Container ship line APL says the fast-growing U.S. export volume on the Pacific is pushing carriers toward a greater "round-trip...
Can YRC Worldwide Be Saved? After acquiring the regional trucking operator USF for $1.37 billion in May 2005, YRC Worldwide Chairman, President and CEO William...
Horizon Extends Refinancing Deadline Horizon Lines is extending for another week its deadline to line up commitments for $350 million in secured senior notes,...
First-Class Postal Reform The U.S. Postal Service lost $2.2 billion in the second quarter of its current fiscal year. Much of the loss...
After a Pause, Rail Freight Picks Up Just when new monthly reports on U.S. employment, home values and factory demand confirmed the economic recovery sputtered toward a...
Europeans Buy Into US Trucking A little acquisition by a very big company sent a jolt through the U.S. trucking industry on June 1. Deutsche...
Shrinking 0l' Man River The threat level is rising along with the water along the Mississippi River, endangering two-thirds of U.S. grain exports and...
Cajun Country's Big Catch The Port of New Orleans and the terminal operator owned by Mediterranean Shipping Co. and Ceres Gulf plan to uncork...
Galveston's Return on Privatization When the deal to sell the Port of Galveston's facilities to an investor group of Hutchison Port Holdings and Carlyle...
Houston's Future Arrives Early The Port of Houston doesn't have to wait for the opening of the Panama Canal's larger locks in 2014 for...
Separation Anxiety We're nearly halfway through 2011, approaching what is traditionally the strongest time of the year for carriers. The post-holiday drowsiness...
Puerto Rico to scan Domestic Boxes Shippers and carriers are complaining about a Puerto Rico Ports Authority plan to require electronic imaging of every domestic container...
China's Distribution Revolution In less than 10 years, China will be crisscrossed by a national highway system 53,000 miles long that will cover...
A Brighter Horizon? Horizon Lines says it has found a way out of a financial crisis triggered by the company's guilty plea and...
Easing Into the Peak The peak-season surcharge carriers intended to impose in the eastbound Pacific beginning June 15 is a casualty of the soft...
Rolling Container Volume Just 1,401 20-foot equivalent units separate Maersk Line and Mediterranean Shipping at the top two spots in The Journal of...
Surcharges Fuel Suspicion Slow-steaming by container ship lines is thickening the fog of war between shippers and carriers over bunker fuel surcharges. ...
Revamping Product Safety House Republicans introduced a bill to reword the Consumer Protection Safety Improvement Act of 2007 with such changes as the...
A Bridge And A View With one of North America's most dramatic bridges as a backdrop, Michigan Gov. Rick Snyder launched a new push to...
Census Turns Back the Clock Proposed changes to export rules that would eliminate post-departure filing on all but a select number of agricultural shipments are...
Rate of Recovery Now that negotiations with the Teamsters union, lenders and others with a financial stake in the company are largely completed,...
Why higher oil prices represent a double-whammy for ocean carriers Oil makes the world go around: the black stuff and world economic growth are inextricably linked. Prior to the 2008 watershed Lehman Bros crash, a barrel of oil had peaked at USD147, but by the end of that year, prices had plunged to USD30 in the wake of a recessionary-induced global downturn in demand.
Fake designer duds blocked at SoCal ports Authorities at the Port of Los Angeles-Long Beach complex have confiscated $14.3 million worth of knockoff designer clothing in three separate shipments from China during the past three months, U.S. Customs and Border Protection announced Thursday....
Logwin opens Dongguan office Logistics company Logwin said Monday it has opened a new office in the Pearl River Delta as it expands its presence in China. The company has opened an office in Dongguan, one of China's key manufacturing cities, to complement existing offices in G...
Old Dominion moves to larger San Jose center Old Dominion Freight Line said Friday it has moved to a new and expanded location in San Jose, Calif., to accommodate growing volume in the area. "Within the last three-and-a-half years, the San Jose Service Center has experienced explosive growth,...
Hub subsidiary adds to drayage network Comtrak Logistics, an intermodal shuttle and truckload carrier, has acquired key parts of Domestic Transport Inc., a Pacific, Wash.-based company that also executes short hauls of intermodal containers between ports, railheads and customer docks, p...
Grand China Shipping adds Pusan call Grand China Shipping said its Super Pacific Express (SPX) service will begin regular calls in Pusan this week. The company said one of its ships called Pusan on June 2, but that Pusan would become a part of the regular SPX rotation on June 17. The ...
SeaIntel: Tough times for small shippers A new report from maritime analyst SeaIntel has found it's tough for new, small shippers to get freight rate quotes from liner carriers and large forwarders.In the latest edition of the company'sSeaIntel Sunday Spotlight,SeaIntel describes an inve...
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