TPM says it was misled by buyers of tanker TANKER Pacific Management (Singapore) Pte Ltd (TPM), which was slapped with a sanction by the US State Department for its role in the sale of a tanker earlier this year, has claimed that it was misled by the buyers of the tanker.
Shipping firms tap surge in Asia-Africa trade A record surge in trade between Asia and Africa to as much as US$1.5 trillion by 2020 is prompting companies including AP Moeller-Maersk A/S and Deutsche Post AG to expand shipping links between the continents.
Oil tanker waits off Libya for loading instructions An oil tanker is waiting off Libya for loading instructions, the owner of the vessel said on Tuesday.
Bahrain Air to start service to Kathmandu Bahrain Air, a privately-owned carrier which began operations in 2008, is launching start flights to Kathmandu. The capital of Nepal will be served daily with an Airbus A320 aircra...
27 rail projects in the pipeline in Germany Germany's pro-rail alliance (Allianz pro Schiene) has criticised the German transport minister, Peter Ramsauer, for having signed the funding agreement for just one federal railway...
Auction date set for sale of shares in Freight One Shares in Freight One, a subsidiary of Russian Railways, are to be sold on 28 October. The form of the offering will be an open auction. Freight One is the largest operator of rail...
Sturt Highway rest area at Willowvale now open A new rest area at Willowvale, Queensland (Australia) has been completed, providing truck drivers on the Sturt highway with a better, safer place to pull over and take a break. Fed...
Dick Gilhuis CCO of Zeeland Seaports Zeeland Seaports has appointed Dick Gilhuis as chief commercial officer (CCO) from 1 October 2011. He will report to CEO Hans van der Hart and will form part of the management team...
Boeing predicts 400 more Chinese full-freighters by 2030 Boeing expects China to need 5,000 new commercial airplanes, worth around USD 600 billion, over the next 20 years. With China's cargo markets leading the global industry, Chinese a...
Daily Maersk offers complete reliability Daily Maersk, Maersk Line's new service on the Asia-North Europe trade lane, is set to change the way shipping is done. It offers a daily cut-off at the same time every day, seven ...
CMA CGM service now calls at Vostochnaya Stevedoring terminal The Vostochnaya Stevedoring Company, a Global Ports Group enterprise operating in the port of Vostochny, has been added to the port rotation of a CMA CGM international container se...
Hamburg Süd and GL to develop data management system Hamburg Süd and the classification society Germanischer Lloyd are jointly developing an innovative data management system for systematically capturing all environmentally-relevant ...
DSLV criticises Bremen's objections to the long lorry The Association of German Freight Forwarders and Logistics Operators (DSLV) reacted with disappointment to the decision of Bremen's senate to close two sections covering 20 km of t...
Tiaca urges EU to postpone emissions trading scheme The International Air Cargo Association (Tiaca) is urging the European Union to suspend the implementation of its controversial emissions trading scheme for aviation and to pursue ...
Gazeley buys plot for major project in Hamburg The global logistics property developer Gazeley has acquired a large plot in Hamburg. About 30 km from the port, up to 70,000 sqm of logistics space can be developed. Gazeley's plo...
Movianto rolls out international transport service The German logistics company Movianto, which specialises in pharmaceutical logistics and healthcare services, will offer customers an international support service in future. It wi...
ISO certificate for Time:matters Netherlands Time:matters, an expert for highly urgent and complex logistical challenges, is committed to the highest degree of quality and has thus successfully had its Dutch subsidiary certif...
Prevention better than cure for pirates EU Navfor chief: attacks on camps considered at highest military and political levels
Kirby poised to consolidate US tank barge sector Kirby's $1bn shopping spree in 2011 unlikely to sate its appetite
Long-lasting impact of 9/11 While it is understandable that security was tightened after the events of 9/11, must officials really be so unpleasant?
Seafarers pay the price of increased security The shipping industry has always been an easy target for those who understand little about its importance and the benefits it brings to global trade
Taking the shine out of London festival A mood of austerity prevailed at this year's London Thames Festival
Slump in ship values causing headaches for owners and lenders Capesizes and VLCCs badly hit, while 15-year-old vessels plummet to rock bottom
Lines face limited prospects for recovery in second half Slow steaming and rise in demand limit scale of losses for first half, avoiding crisis of 2009
Resignation of ECB chief economist causes havoc for euro Jürgen Stark was big critic of the bank's purchasing of eurozone government bonds
Far East-North Europe cheer fizzles out as rates return to loss-making A slide in spot rates that started last summer has proved unstoppable
Pick-up in Chinese oil demand spurs expectation of improved VLCC market Chinese charterers remove spot tonnage as disappointing third-quarter comes to a close
Charterers unlikely to split cargoes from expensive capesizes to panamax bulk carriers Panamax brokers unsure why rates are improving as market fundamentals point to a downwards price correction
Horizon Lines pays off overdue interest Recapitalisation on track, says embattled Jones Act liner major
Hanjin Shipping signs two capesizes to 15-year deal Shipowner will earn $325m for carrying 2.2m tonnes annually of coal for South Korean power company
Rise in boxship lines' direct deals depresses charter market Tramp owners are idling tonnage as demand dries up, particularly for panamaxes
Katia closes Russian ports Remnants of hurricane wreak havoc in Gulf of Finland
Lloyd Fonds raising $6.3m for first fully automated lashing platform Hamburg KG group expects investors in Kalp brainchild to see 264% growth in four years
US removes Ofer Group from its sanctions list State Department says the entire Ofer Group was never intended to be a sanctioned entity
Rand Logistics launches follow-on issue to acquire two bulkers Great Lakes operator also aims to pay accrued dividend on convertible preferred shares
ICS tells owners to ignore impending rules on EEDI at their peril Chamber reiterates its support for IMO in climate change debate
Container lines urged to be consistent and transparent on pricing strategies Global Shippers' Forum chief says carriers must ditch 'outdated' baf and caf
Maersk move to hurt smaller Asia-Europe operators Yang Ming Marine's future in the Asia Europe trade cast into doubt by Maersk's new strategy, says Citigroup
IACS reduced in wake of EU probe Korean Register chairman Oh Kong-gyun says concerns over anti-competition charges have limited class societies' will to co-operate
Keppel to build world's biggest crane vessel Nantong shipyard chosen for $115m Asian Lift project
ICTSI furthers Africa interest but dampens Greece talk Port operator opens Cape Town office while warning against speculative reports of a bid for two Greek box ports
Offshore galore In a season of bleeding red ink in the tanker, container and dry bulk sectors, one maritime industry is producing bumper numbers
Guns in the balance Rather than ban security guards' firearms from their ports, countries should await impending recommendations from the IMO
Unions condemn cuts to MCA and RFA Government accused of 'gambling with safety at sea'
Cautious importers drive down Long Beach monthly volume August throughput under 536,00 teu marks 12.3% fall compared with same month last year
Enagas and Vopak join forces to buy Mexico LNG terminal Joint venture pays $408m for Altamira storage and regasification facility
Swedish desire to retain maritime competence key for future Demand for experience across all sectors may help stem decline in country's flagged fleet
UK and Philippines back push to defend seafarers THE UK and Philippines governments today announced support of SaveOurSeafarers, a major campaign against Somali piracy
MPS unveils breakthrough BANKRUPT Marco Polo Seatrade today revealed a Royal Bank of Scotland-backed plan that should avert a potentially fatal showdown with senior creditors
Horizon clears hurdles NYSE-listed Horizon Lines confirmed today it has closed its $25M bridge loan and paid bond interest that had been due on 15 August
UK cruise passenger, 90, 'gone overboard' AN ELDERLY UK cruise ship passenger has been reported as 'gone overboard', the MCA told Fairplay today
DFDS buys ro-pax operator DANISH ferry giant DFDS has further expanded its Baltic network with today's acquisition of Estonian operator Baltic Scandinavian Lines
Woman charged with joyriding ferry A BRITISH woman has been charge with joyriding a ferry while she was drunk
Inquiry starts over deadly Volga port fire AN INQUIRY began today into a Russian fire that killed a crane vessel's crewman at a River Volga port
US clarifies Ofer sanctions THE US State Department confirmed to Fairplay today that it has revised - but not dropped - its sanctions against companies tied to the late Sammy Ofer
Boskalis wins deal to lay Argentina cable DUTCH dredging and marine engineering company Boskalis said today it has won a €30M ($41M) contract to install a submarine fibre-optic cable across the Strait of Magellan
Counting the cost of Turkmen gas exports CENTRAL Asian piped gas exports to China are unlikely to exceed 40Bn m³, even though China is finding piped gas more attractive than LNG shipments, said IHS CERA said today
Hanjin wins KOSPO contract HANJIN Shipping today signed a 15-year contract of afreightment with Korea Southern Power
Dalian's profits dive 13% CHINA'S northern port of Dalian posted net profits of 338M yuan ($53M), a 13% drop from last year's 388M yuan
Why low water means high coal prices COAL PRICES have risen for the third consecutive week, again on higher Chinese electricity demand, IHS McCloskey reported today
Brazil's Tecon Salvador expansion gains financing BRAZIL'S Wilson Sons has secured $80M in fresh financing to expand its Tecon Salvador box terminal
Oz mine strife worsening AUSTRALIA'S labour strife is now threatening to spread across its mining industry, crippling the drybulk sector, IHS McCloskey warned today
FAA, Highway Extensions Hit New Roadblock Sen. Tom Coburn blocked attempts to pass legislation extending highway and aviation spending on Wednesday, raising new fears the Federal...
LA-LB Imports Dive 9.4 Percent Import volume at the ports of Los Angeles and Long Beach signaled weak demand heading into the peak fall shipping...
Gartner Scales Back PC Shipment Forecast The Gartner research group is scaling back its projection for personal computer shipments worldwide this year, saying the economic downturn...
Port of Mobile Gains MSC Weekly Service Mediterranean Shipping Co. will begin weekly service at Alabama's Mobile Container Terminal, according to the Mobile Press-Register. Brian Harold,...
Japan Airlines Cargo Volume Plummets 56.5 Percent Japan Airlines international cargo volume dropped for the 14th successive month in July on a year-over-year basis, plummeting 56.5 percent...
All Nippon Airways Cargo Volume Up 2.5 Percent Japan's All Nippon Airways said this week that its international cargo volume rose for 23 months in a row into...
Governors Urge New York to Ease Ballast Rules Governors of three Great Lakes states urged New York Governor Andrew Cuomo to prevent the shutting down of the St....
Hamburg Sud Builds Pollution Tracking System Hamburg Sud and classification society Germanischer Lloyd are jointly developing a system to track pollution produced by the German carrier's...
Teamster's Pope Attacks YRC Board Pay Raise A Teamster candidate challenging James P. Hoffa took a swing at YRC Worldwide's board of directors this week, attacking increases...
Political Unrest Pulls Down Syrian Cargo Shipping volume in containers, general cargoes, and dry and liquid bulk cargoes at the major Syrian ports of Latakia and...
Ports, Short Lines Nab DOT Rail Relocation Grants Port and freight rail projects for short lines in Maryland, California, Connecticut and Florida were among eight grant winners for...
NEMF to Switch Truck Terminals to Solar Power New England Motor Freight is relying on solar power to reduce energy bills and greenhouse gas emissions at two New...
Schneider National Starts 'Fracking' Division Truckload giant Schneider National launched a new division this month to support energy companies extracting oil and natural gas through...
Frankfurt, Heathrow Cargo Fell in August Frankfurt airport handled 6.8 percent less freight in August than a year ago in the latest sign of the slowdown...
DOT Freight Index Flat in July Shipments carried by the on-hire freight transportation industry were unchanged in July from June, according to the Transportation Department's Freight...
Video Rant Leads Cops to ILWU Protester An International Longshore and Warehouse Union member was arrested on felony charges stemming from an ILWU protest at a West...
APL Sets India-US Peak Surcharge Singapore-based container carrier APL will apply a peak-season surcharge on cargo shipped from India to the U.S. and Canada. ...
Idled Railcars Reach Two-Year Low Owners of railcars across North America pulled 5,539 units of various types out of storage during August, shrinking the idled...
ABF Freight System Expands In Asia Trucking company ABF Freight System opened offices in 12 additional Asian nations, expanding its overseas reach from Japan to India....
Horizon Closes on $25 Million Bridge Loan Horizon Lines said it closed on a bridge loan of up to $25 million to ensure liquidity while the carrier...
Retail Sales Flat in August U.S. retail sales were flat in August, indicating that American consumers are trimming spending just as carriers prepare for what's...
NTSB Seeks Trucker Cell Phone Ban Commercial truck drivers should be banned from using cell phones while driving, including hands-free phones, the National Transportation Safety Board...
LaHood Pledges DOT Backing for Port Upgrades Transportation Secretary Ray LaHood said the Obama administration is committed to helping U.S. marine ports improve their facilities, especially since...
AASHTO Chief Calls For Long-Term Infrastructure Plan Congress, with input from transportation groups, should use the next six months to develop a comprehensive, long-term funding plan to...
Corporate appointments van der Jagt joins Forwarder GroupNicolette van der Jagt, the long-time secretary general of the European Shippers' Council, will become director general of CLECAT, the European association for forwarding, transport, logistics and custom services. ...
'Temporary Band-Aid'?
CSAV drops Marco Polo, joins MSC loop Liner carrier CSAV will end its Marco Polo service between India, the Middle East and South Africa as it joins a similar Mediterranean Shipping Co. service as a slot buyer, according to American Shipper affiliate ComPair Data. The last voyage of th...
Shipping executive Balling dies Balling Niels Kim Balling, 60, a shipping executive and consultant has died. Balling was a managing director at Econships, a management advisory for transport and logistics headquartered in Hong Kong. He had been a managing director at MISC Integra...
FAA approves Envirotainer unit The U.S. Federal Aviation Administration has approved certification of Envirotainer's RKN e1 electrical heating and compressor cooling air cargo container. Envirotainer, pioneer of the world's first active temperature-controlled container in 1995,...
Houston's Ellington field ready to develop Houston's Ellington Air Cargo Facility, a property adjacent to the Ellington Air Field, is ready for development, said Project Director Mark Briggs. "The Ellington Air Cargo Facility is the first of its kind in Houston," Briggs said. "Not only does...
Singapore Air adds Asian cargo flights Singapore Airlines Cargo has added Jakarta to its freighter network and increased its weekly frequencies to Auckland, Shanghai, Sydney and Xiamen. The new weekly Boeing 747-400 freighter service to Jakarta's Soekarno-Hatta International Airport sta...
Russian Railways offers express trains Russian Railways subsidiaries RZD Logistics and TransContainer will cooperate in a joint venture to offer shippers express container trains. The express service is being tested on the route between Yekaterinburg and St. Petersburg. Fast container t...
House passes FAA, highway program extensions The U.S. House of Representatives Tuesday in two separate votes approved extensions to Federal Aviation Administration and surface transportation programs that were due to expire in the coming days. The FAA bill will keep aviation programs running...
Fujairah prices soft Shortage of MGO leaves Suez player unable to blend for 180 cSt product.
Swedish ministers question ECA regulations 'ECAs risk distorting competition and damaging the environment.'
Prices fall in Rotterdam Rumours of tight avails 'unfounded' in Rotterdam.
Japanese bunker sales climb for third month But sales still down year-on-year.
Superyachts 'disregard' principles of drag Vessels consuming up to 30% more fuel then necessary.
Fears of premature distillate requirement in North American ECA Lack of LSFO supply and strict interpretation of MARPOL Annex VI could see 2015 fuel standard effectively implemented from the start.
Bunker prices mostly down mid-week Mixed demand across key Asian bunkering hubs.
Vopak, Enagas acquire LNG terminal in Mexico Vopak owns 60% while Enagas owns 40% of the terminal in Altamira, Mexico.
Shipping 'caught in between' US politicans and EPA scientists Impatient politicians 'putting pressure' on government departments, says APL spokesman.
German companies develop emission management system GL Emission Manager will be used across Hamburg Sud's fleet.
Sri Lankan bunker sector to 'benefit' from India's trade growth India economy will 'propel tremendous growth' in Sri Lanka's bunker market, says Interocean Energy director.
RBS seeks dismissal of Seaarland bankruptcy case RBS 'held hostage' by Seaarland group's 'improper use' of chapter 11, it says.
Indian oil companies seeking a reduction in taxes Bunker prices 'uncompetitive' in India due to the different taxes imposed on different bunker grades, says director of Valencia Exim.
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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