Singapore is first in Asia to ratify ILO seafarer rights SINGAPORE has ratified what will become the first international Bill of Rights for seafarers. It is the first in Asia to commit to the provisions of the Maritime Labour Convention, 2006, which sets out minimum standards and fair working conditions for seafarers worldwide.
China warships in the Pacific riling neighbours The photographs of Chinese warships speeding between Japanese islands in the Pacific for drills circulated quickly last week, raising what Japan's defence minister called 'serious concern'.
Baltic index hits 3-week low on slow China demand The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in three weeks on Tuesday as slower iron ore sales to China and fleet growth hit sentiment. Brokers said cargo volume was being driven by the smaller panamax bulkers especially on thermal coal trades to Asia. The overall index fell 0.85 per cent or 12 points to 1,400 points, down for a seventh straight day.
IRU Academy focuses on safe loading and cargo securing The IRU Academy has launched a new training programme featuring a unique, interactive simulator for safe loading and cargo securing that fully complies with the new European Commit...
Fewer fatalities on Turkish roads Turkey has reported that the number of people dying in road accidents sank from 5,000 to 3,000 in the last three years. The country's ministry of transport said that the intro...
Growing demand drives Volvo to begin assembling I-shift transmissions in USA Volvo Trucks is to invest USD 7 million to bring assembly of its innovative I-shift automated manual transmission to the Hagerstown MD powertrain plant, in order to meet growing de...
Finnair Cargo: more freighter capacity to Shanghai and New York Starting today (15 June), Finnair Cargo is continuing its growth by launching MD11F all cargo flights to Shanghai in co-operation with World Airways Inc. and adding frequencies to ...
China Airlines Cargo amending services China Airlines Cargo has launched a new eastbound service connecting Osaka (Japan) and Atlanta GA (USA). The Taiwanese carrier has also started a new westbound service between New ...
Two new contracts for WFS in Miami TAP Portugal and US Airways have awarded new cargo handling contracts to Worldwide Flight Services (WFS) in Miami FL (USA). WFS will provide cargo warehousing and customer service ...
ICL - Independent Container Lines augments capacity Independent Container Lines (ICL), an independent shipping company that is active on the north Europe-US east coast trade lanes, is expanding its containership capacities. Its curr...
Coscol to turn Antwerp into a hub Coscol, a subsidiary of the state-owned Chinese shipping group Cosco, will use the Belgian port of Antwerp as a hub from 2012. Coscol is responsible for the transport of breakbulk....
OeBB and timber industry want to keep hauling wood by rail Enormous amounts of timber are transported by rail in Austria, despite the fact that most of the transport services do not cover costs. To counter this, the OeBB and Austria's timb...
Partial privatization planned for Spanish freight The board of the Spanish state operator Renfe has approved a restructuring programme for its freight and logistics business that would see the private sector offered up an up ...
CSX recognized by Maryland Green Registry for environmental stewardship The US rail service provider CSX Corporation has received the Maryland Green Registry's 2011 Leadership Award for its commitment to improvements and achievements in environmen...
CMA CGM Group appoints new vice-president marketing and commercial global accounts CMA CGM, a France-based shipping group, chose Philly Teixeira to be the group's vice-president marketing and commercial global accounts, effective 6 June. With a degree in politica...
Varamar takes over commerical management of "Thor Venture" 15. Juni 2011 The shipowner K/S Dania Venture and its Danish Bank have decided to change the commercial management of their ship the "Thor Venture". It is being transferred to Ukrainia...
New WWPC member for Czechia and Slovakia LS International Cargo GmbH organizacni slozka Melnik, based in Czechia, has been appointed as the WWPC exclusive member in that country and in Slovakia, with immediate effect. The...
Kuehne + Nagel renews contract with Cameron for global logistics business Kuehne + Nagel has been re-awarded Cameron's global business, which includes handling the latter company's air logistics, sea logistics, as well as road and rail services for the n...
Wincanton says fiscal 2010 was problematic Wincanton, an international logistics and transport service provider based in Great Britain, had difficulties in fiscal 2010. In business year 2010/2011 that ended on 31 March 2011...
Owners eye brighter future as VLCC rate rises expected A healthier vessel supply picture in the Middle East Gulf adds to rate rise forecast
Vietnam eyes ambitious coal import plans But Vietnam's coal import target of 100m tonnes requires hefty infrastructure invsetment
China's construction sector drives record steel volumes Iron ore imports for China's steel industry will help supprt dry bulk carriers
Boxship blues as charter market dives Amid less chartering, the Shanghai Containerised Freight Index went down for another week
Asia-Middle East box trades outgrow transatlantic sector Transatlantic trades have not experienced a similar recovery to that on the transpacific and Asia-Europe routes
Brussels to study passengership terrorist threat Security is big issue as cruise operators forecast to invest €10.8bn on 23 newbuildings over four years
Call for port guidelines over armed security on vessels PVI boss demands action as employees charged with espionage are released after six months in Eritrea
London Greeks say government's handling has left flag close to paralysis Ministry overhaul blamed for low morale among Greek coast guard officers
'Poor image' of recycling yards in Indian sub-continent slammed Working conditions have improved to include protective clothing and ISO certification, conference told
NOL finally joins the big ships club with 14,000 teu newbuildings Updated: Letters of intent signed with South Korean yards for 12 vessels at around $1.5bn
Peak season surcharge bid renewed Move aims to reverse declining revenues on transpacific eastbound sailings
Portek mystery bidder ordered to make its intentions clear Singapore's Securities Industry Council warns of 50-day deadline
UK coastguards to go on strike MCA workers also expected to join one-day action by public sector employees over pensions
Asian shipowners push yards for more efficient ships Progress appears slow, but rising bunker prices are focusing minds on saving fuel
Dry bulk companies face battle for survival Moody's downgrade warns that overcapacity will cause industry conditions to deteriorate over next 12-18 months
LA confident as box volumes edge up Fall in empty containers helps nudge May volumes up to 692,900 teu
Doha Port expansion plan attracts bids for second tenders Nine companies through to next stage in battle for Qatar's 2m teu capacity site
India to open up terminal concessions to major bulk cargo owners Shipping and ports industry invited to comment on ministry's draft proposals
Binning the Basel ban Move to drop the existing ship scrapping rules is a blow for common sense from the EU
Stolt-Nielsen takes 70% stake in Marstel Terminals Expansion planned after deal secures bulk liquid storage capacity in Australia and New Zealand
Fazel Fazelbhoy exits Topaz as Renaissance boss steps in Quiet departure follows pulling of $500m IPO in March
Mitsui OSK to raise $372m in bond issue Shipping line goes to market for first time in 18 months to roll over some existing debt
Container shipping outlook remains gloomy Asia-Europe trade deeply in the red and transpacific is at breakeven at best
Excel inks two-year charters for kamsarmax pair Deal with 'credible counterparties' lifts fleet coverage to 74% for 2011
Graig to manage first Chinese vessel Contract for Zhong An's bulker King Peace seen as important move for shipmanager
Modernisation long overdue Electronic bills of lading have been on the cards for many years; now it's time for them to be implemented
Moody's sours on shipping RATING agency Moody's today graded down its shipping outlook from stable to negative, predicting "deteriorating conditions" in the next 12-18 months
Strikers close Greek ports STRIKERS closed Greek ports today, with dockworkers and passenger ship crews participating in a nationwide general strike to protest the government's austerity moves
Suit targets Eagle Bulk EAGLE Bulk today responded to a shareholder suit alleging that CEO Sophocles Zoullas and other executives enriched themselves at investor expense
Stowaways found hiding at UK port UK BORDER Agency officers have discovered nine stowaways hidden in a van that arrived on a P&O ferry at Hull after travelling from the Netherlands
LA box exports jump BOX EXPORTS through Los Angeles increased by 14.7% year on year in May as demand from Asia remained strong
EC mulls HK recycling rules THE EC plans to adopt new ship recycling legislation before the end of the year that is likely to be based on the Hong Kong Convention
Nuclear port row erupts NUCLEAR materials and dangerous chemicals are reportedly being transported through Rostock without the German Baltic port's officials being informed
Stolt-Nielsen buys Oz, NZ terminal stake OSLO-listed Stolt-Nielsen has agreed to acquire a 70% stake in Marstel Terminals, which owns nine bulk-liquid storage facilities in Australia and New Zealand
Capesize rates plunge BROKERS told Fairplay Capesize rates are expected to remain soft, as rates in the Atlantic have plunged to about $6,000 per day today, from almost $9,000 per day in May
Rio Tinto hastens Oz expansion RIO TINTO announced today that it has approved $676M in spending to speed up port and rail development for its Pilbara expansion programme
Novorossiysk volumes drop RUSSIA'S Novorossiysk port exported 47% less timber year on year last month, while crude shipments dropped by 3% year on year
Honourable intentions, Portek suitor? SINGAPORE'S office for mergers and takeovers today intervened in the continuing tussle for port operator Portek
Axed order sparks legal skirmish FRENCH carrier LDA's attorneys are seeking S$4.8M ($3.9M) in compensation from Singapore shipbuilder ST Marine over a cancelled ro-pax order
Industry on trial? Shipping financier says investor lawsuit against Eagle Bulk has set the stage for class action chaos.
RS Platou ices IPO Top brass at Peter Anker-led firm pulls the plug on $60m listing after sealing regulatory stamp just hours ago.
IPOs put to the test Investors eye capital market buffet as RS Platou, Hoegh LNG and Asia Offshore close in on Oslo listings.
Eagle under attack Sophocles Zoullas and nine Eagle Bulk directors land in the crosshairs of lawsuit alleging excessive pay and conflicts of interest.
ST Marine gets AHTS four Singapore-listed shipbuilder chalks up an order worth nearly $180m from Swire Pacific Offshore.
CSDC named heir Shanghai-listed unit of Chinese giant will take over all its tankers and bulkers to avoid "competition."
California dreamin' Plans for a 200 VLCCs-a-year facility have shipping pundits scratching heads and wondering whether it might really happen in greenest and wackiest place on Earth.
Ro-ro rewards for Hainan Chinese shipowner says 2010 net earnings rose 37% as revenue increased.
Sirat in at CMA CGM Former Suez Energy boss is the new group finance chief at French container line.
NOL bags boxship haul Singapore-based containership giant kickstarts its 2011 newbuildings programme with $1.5bn swoop for 12 vessels.
Subsea scoops DONG deal Oslo-listed offshore shipowner's vessels will help support Siri platform for Danish energy company.
DM&S hires big-name trio Singaporean law firm grabs three top names, including Colin Jarraw, from rival firms to head new shipping arm.
India left redfaced Embarrassment as Pakistani comes to Indian aid while navy fails to thwart second pirate attack.
More ships called U.S. ports in 2010 A U.S. Maritime Administration report released Tuesday showed a 13 percent increase in oceangoing ship calls at U.S. ports in 2010. Vessel Calls Snapshot, 2010 showed 7,579 oceangoing ships made 62,747 calls at U.S. ports in 2010. That reverses a ...
U.S. volume, consumer sales up in May Container volume at the Southern California ports rose moderately in May, though imports were stronger than overall volume. Imports rose 5.5 percent to 360,969 TEUs at the Port of Los Angeles, and improved 4 percent to 275,100 TEUs, at the Port of...
China seeks increase in U.S. NVO bond China wants to increase the amount of the bond that U.S. non-vessel-operating common carriers must post when doing business in that country. Taking up an issue raised during bilateral talks with the United States last fall, China is proposing the ...
Fake clubs leave golfers in rough, CBP warns Some amateur golfers are failing to make par when it comes to buying legitimate equipment made overseas. U.S. Customs and Border Protection said Tuesday that seizures of counterfeit golf equipment from China, much of it purchased over the Internet...
NYK creates China auto logistics unit Japanese ocean carrier NYK said Wednesday it has established a wholly owned subsidiary, NYK Automotive Logistics (China), in Tianjin to strengthen the company's finished-car logistics business in China. NYK started its finished-car logistics busin...
Sirat joins CMA CGM as CFO French liner carrier CMA CGM said Wednesday it has named Michael Sirat as group chief financial officer. Sirat has joined from Suez Energy, where he was group senior vice president of finance, tax and treasury. He also spent 11 years at the French ...
MSC plans peak season surcharge from Asia Mediterranean Shipping Co. said it will implement a peak season surcharge on cargo moving from the Far East-Asia to the United States and Canada, effective July 15. The increase will apply to cargo moving through ports on either the East or West c...
NOL goes big with 14,000-TEU ship order NOL, the Singapore-based parent company of container APL, said Wednesday it has signed letters of intent with two South Korean shipyards to build 12 vessels worth $1.5 billion. The order includes a 10-vessel series from Hyundai Samho Heavy Industr...
Ports America, MSC to expand Newark terminal The Port Authority of New York and New Jersey board approved plans Tuesday to expand the Port Newark Container Terminal (PNCT) to 287 acres from 180. The agency said the expansion will create a modern terminal, improve traffic flow in the port, an...
Trending upward U.S. volume, consumer sales up in May Container volume at the Southern California ports rose moderately in May, though imports were stronger than overall volume. Imports rose 5.5 percent to 360,969 TEUs at the Port of Los Angeles, and improved 4 pe...
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.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
