Cruise terminals act to woo more cruise lines Asian cruise terminals are trying to turn themselves into 'one-stop shops' to woo more cruise lines to the region.
Dry bulk market overshadowed by oversupply The dry bulk shipping industry will face more pressure in the coming months as owners struggle with a growing glut of vessels and a global economic slowdown, a top ship industry official said on Wednesday.
Loxx on expansion drive Loxx is expanding with a new 20,000 sqm plot at its site in Gelsenkirchen (Germany). The company aims to use the new site for one or two customers, to expand value-adding services ...
Lloyd Fonds launches first maritime venture capital investment Lloyd Fonds is launching a strategic investment option in a venture capital investment in maritime port logistics in its private placement Lloyd Fonds Maritime Innovation. With a m...
Southern Air to operate three more B777Fs for DHL Express Southern Air to operate three more B777Fs for DHL Express Express provider DHL is adding three Boeing B777 freighters that will expand its capacity and boost transit times along gr...
SkyCargo reaches Down Under Emirates SkyCargo, Emirates Airline's freight division, celebrated the inaugural service of its new Far East and Australasia freighter route recently. The weekly service, operated ...
Swissport rolls out Transputec's Shield Intelefile Swissport International, one of the world's leading providers of cargo services to the aviation sector, has signed a global contract with London-based Transputec Computers for its ...
PD Ports welcomes increased capacity on Teesport-Zeebrugge service P&O Ferries' new freight ferry, the "Bore Song", will significantly expand capacity on the service to Teesport. The Bore ro-flex class ship, chartered by P&O from...
Demag Cranes delivers five mobile port cranes to the Netherlands Demag Cranes is further expanding its business in the Netherlands. The company recently won orders from three major terminal operators for the delivery of five Gottwald mobile port...
Nicolette van der Jagt to head Clecat Nicolette van der Jagt is set to succeed Marco Sorgetti as director general of Clecat, the Brussels-based European Association for Forwarding, Transport, Logistic and Customs Servi...
DB Schenker adding branches in China DB Schenker, the logistics unit of Deutsche Bahn (DB), aims to further expand its network in China. By the end of the year, 15 new sites are to be created there. These include citi...
Vopak and Enagas complete acquisition of LNG terminal in Mexico The joint venture between Vopak (60%) and Enagas (40%) has successfully completed a previously-announced acquisition of an LNG storage and regasification terminal in Altamira (Mexi...
Old Dominion opens facility in Madison, Wisconsin Thomasville (USA)-based transport company Old Dominion Freight Line recently opened a new service centre in Madison. The centre complements Old Dominion's four existing service cen...
UIRR welcomes amendment to Eurovignette The European Council reached a landmark decision recently, approving the compromise amendment to the Eurovignette directive. The UIRR welcomes this resolution as a breakthrough in ...
Daimler Trucks among ÖkoGlobe prize winners The Mercedes-Benz Atego BlueTec Hybrid truck was one of the prize winners at ÖkoGlobe 2011, held in Karlsruhe recently. Europe's first production series hybrid truck took third pla...
Opec maintains hold over crude prices In 2010, more than 80% of variability in global exports could be explained by fluctuations in Middle East exports; a trend that is continuing
Cost-sharing buoys owners' profits Multi-client strategies allow data to be licensed to multiple parties
Pre-exploration seismic data offers competitive advantages Better data means a higher probability of finding commercial quantities of hydrocarbons
Seismic vessel owners upgrade fleets to stay ahead of the game Cash flow generated from operations is being plowed back into fleet upgrades
Time to sharpen negotiation skills Optimism is key to clinching the best deals but often 'ambition levels' are set too low
Rust buckets: It's not what you call it, it's how it's done Shashank Agrawal insists on the phrase 'ship recycling', but breaking up safely is hard to do
MIRG to be wound up in December Owners and unions slam UK decision to look to private sector for emergency response
Golar said to have secured 10-year LNG charter for newbuilding Vessel is one of eight on order at Samsung Heavy Industries in South Korea
Transatlantic gasoil trade from US still on top As gasoline trade from Europe stays sluggish
China well-placed to weather slump Maritime sector stays aggressively positioned for growth despite inflation, export troubles and a stronger yuan
South-east Asian cargoes drive supramax rates up in the Pacific Atlantic market is "running out of steam" say brokers
AET relets VLCC to Unipec for floating storage MISC-owned vessel chartered out for 60-90 days employment at rates well above current spot market
European shippers welcome Daily Maersk Focus on total transportation time is more momentous than may appear at first sight, says Cambon
US ethanol exports fuel chemical tanker market As US gasoline consumption drops, the US exports more ethanol on specialised vessels
Fire on Hurtigruten ferry kills two crew Investigation launched after more than 260 people flee blaze on ro-ro Nordlys
Tui denies rift over future of Hapag-Lloyd IPO still an option for disposing of container line stake
IEA ends disrupted Libyan oil supply action plan as sanctions are lifted About 97% of crude and oil products stocks released in late June were used
InterManager calls on flag states to allow guards on vessels Armed guards are in the best interest of seafarers
Capesize rates decline for the first time in seven trading days Fixtures for Australia-China iron ore voyages show dip in prices
UK Parliament's transport committee to probe low-sulphur fuel rules Four-week period to hear industry evidence on impact of regulations
HMM ups the ante on emerging markets Korean boxline shifts to 20% short-term charter to capture opportunities on African and Latin America trades
Containers safety database goes live Carriers and ship operators being invited to join up with CINSnet organisation
Up in smoke Axing the UK's Maritime Incident Response Group could go badly wrong
Uncertainty over location of pirate attacks after the monsoon season ends Concerns over attacks beyond naval patrol areas and possible new targets, such as rigs
Le Havre quashes China takeover talk Port's commercial director says Hsueh Sheng Wang warehousing deal has sparked misleading headlines
Port Klang expects double-digit growth in 2011 Intra-Asia trade is helping Malaysia's largest container port maintain its momentum
Time to embrace EEDI The International Chamber of Shipping is right in urging shipowners to embrace EEDI
Call for owners to pay ransoms sooner Negotiating over small sums only increases distress on seafarers.
Petrobras pays premium for ageing Ship Finance International VLCCs Brokers say John Fredriksen company has done an 'exceptional' deal above scrap-market values
London adds to Thames cat network LONDON has opened a £1.7M ($2.7M) addition to its Thames high-speed transport network, the Port of London Authority told Fairplay today
Novorossiysk grain gains RUSSIA'S Novorossiysk Commercial Seaport said shipments of grain during August rose to 990,000 tonnes, 24% better than in July
First nuclear waste since quake reaches Japan A NUCLEAR fuel carrier reportedly docked today with the first cargo of radioactive waste to be transported to Japan since its Match quake crisis
Bullish semaphore seen for MR tankers A FLIP of two medium-range products tankers indicates the sector's bullish outlook, according to Norwegian shipbroker Lorentzen & Stemoco
Weak FFA affects Capesizes BROKERS told Fairplay today a big gap between the physical and paper markets of Capesize bulkers is slowing pushing rates up
Keppel shares seen as bargain ANALYSTS said today a drop in the value of Singapore rig builder Keppel's stocks could spur investors, given the stock's blue-chip status
Trickle-down tracked at last BROKERS told Fairplay today Panamax bulker rates have started slowly rising, signaling that the Capesize recovery might finally be trickling down
Wallet in hand, Precious open to spot KHALID Hashim, boss of Thai drybulk carrier Precious Shipping, today told Fairplay he is open to the spot market
Lürssen said to bid for Blohm + Voss GERMAN yacht and naval shipyard Lürssen is believed to be competing to take over compatriot builder Blohm + Voss
Truck Carriers Seeing Strong Demand Truckload demand is stronger than the general economy, with TransCore Freight Solution's spot market index climbing 47 percent from a...
Greenbrier, ARI See Strong Railcar Market Railcar manufacturer Greenbrier and American Railcar Industries continue to see strong demand to build new units, in what they say...
UPS Expects Rising Revenue, Profit Through 2016 UPS will increase revenue 6 to 8 percent annually through 2016 and raise earnings 10 to 15 percent during that...
Maersk's Kolding On Daily Service, On-Time Delivery (Video) Maersk Line CEO Eivind Kolding discusses the carrier's new daily Asia-Europe service, which consists of 70 post-Panamax ships leaving from...
Workers Strike Again at Indian Port Workers at India's Port of Chennai launched a wildcat strike Thursday morning to protest the death of a colleague in...
UPS Projects Strong Holiday Shipping Growth UPS is gearing up for what it expects to be one of its strongest ever holiday peak shipping seasons, and...
Tablet Computer Shipments Soar 300 Percent Personal computer sales are slowing, but portable tablet computers are flying off the shelves, and shipment forecasts for the products...
Ex-ILA Officer Charged With Embezzlement A former officer of an International Longshoremen's Association Local 1233 in Newark, N.J., was charged with stealing more than $100,000...
ILWU Reaches Pact With Grain Operators The International Longshore and Warehouse Union reached a tentative agreement late Wednesday with grain elevator operators in the Pacific Northwest,...
Moody's Gives J.B. Hunt 'Positive' Rating Moody's Investors Services raised its ratings outlook for intermodal trucking giant J.B. Hunt Transport Services from stable to positive, based...
Gaps in Margins One of my curious discoveries when researching a column recently on the growing market share of non-vessel-operating common carriers in...
Infrastructure Party Poopers Q: Can you help me understand what's going on in Washington these days? President Obama has proposed extending funding...
Maersk Goes Daily If Maersk Line's latest bid to muscle aside competition for shipper business is to succeed, the carrier will have to...
Whose Economics? It's tempting to look at Maersk Line's announcement of daily service with delivery guarantees within the tight parameters of the...
Port of Mumbai Extends Breaks To Shippers The Port of Mumbai extended by six months its concessions on container stuffing and de-stuffing charges to boost container throughput,...
MCC Adds Vessel, Eyes Expanded Asia Cabotage Service MCC Transport may expand its presence in Asia's cabotage market after purchasing its third vessel this year, increasing the Intra-Asia...
KCS Rail Freight Grew in Mid-September The rail freight market has strengthened further in the first two weeks of September for Kansas City Southern, after a...
Hapag-Lloyd Pushes Back IPO for 12 to 15 Months Hapag-Lloyd is ruling out an initial public offering in the next 12 to 15 months, according to the German ocean...
NYK Quits Providing Chassis at Port of NY-NJ NYK Line will quit providing free intermodal chassis in the Northeast region, including the Port of New York and New...
Falling Air Rates Dampen Sea-Air Demand Falling air freight rates are dampening demand for combined use of ocean and air transport to ship goods from Asia...
Maersk Line Maersk amends Asia/Med network said this week it has adjusted its Asia/Mediterranean service network, adding calls in Valencia and La Spezia and narrowing rotations on services connecting its key Asian origin ports with Port Said in Egypt. Maersk s...
'We were chasing our tail'
Maersk amends Asia/Med network Maersk Line said this week it has adjusted its Asia/Mediterranean service network, adding calls in Valencia and La Spezia and narrowing rotations on services connecting its key Asian origin ports with Port Said in Egypt. The adjustments affect fiv...
Maersk seeks rate hikes for multiple trades Maersk Line said this week it is seeking rate increases on a host of global trades. From Oct. 1, the line plans these increases: - Southeast Asia to Australia, $300 per 20-foot container and $600 per 40-foot container. - Northern Europe to the East...
L.A.-Long Beach August volumes fall hard Southern California's container ports said volume fell 8 percent in August to 1.26 million TEUs, including a 12.3 percent throughput drop at the Port of Long Beach. Long Beach's August volume fell to 525,929 TEUs, including a 14.2 percent drop in l...
Horizon Lines closes on bridge loan Horizon Lines said Wednesday it has closed on a bridge loan facility of up to $25 million from a group on noteholders and reached an agreement with its existing bank group to amend its current credit facility to accommodate the bridge loan. It also...
Maersk swaps N.Y.-N.J. terminals on TA2 Maersk Line will in October switch its TA2 service calls at the Port of New York-New Jersey from the APM Terminals facility to the Maher Terminals facility, the line said this week. APMT is Maersk Line's sister company. The switch will occur Oct. 9...
MSC abandons Asia/Med-Black Sea peak fee Mediterranean Shipping Co. said Wednesday it has suspended its planned peak season surcharge from the Far East to eastern Mediterranean and Black Sea ports. The line hadoriginally planned a fee , $225 per TEU, from Sept. 5, but delayed it until Sep...
UPS lets receivers change delivery terms UPS Wednesday said it will launch on Oct. 3 a new product called UPS My Choice, which is designed to make it easier for receivers of parcels to avoid missed deliveries. The company said out of the 5 million or so homes it visits each day, it leave...
U.S. supports Vietnam airport expansion The U.S. Trade and Development Agency signed a grant agreement with the Middle Airports Corp. (MAC) to help expand Chu Lai International Airport, Vietnam's largest airfield. The grant will fund a feasibility study of the Chu Lai Airport becoming a ...
Fujairah prices rise Bunker prices soft in cape Town.
IMO optimistic ahead of Durban climate talks Confidence growing that IMO will be able to continue work on MBMs after initial GHG success.
Waste plastic 'can be converted to marine fuel' Hong Kong company is extracting 'low sulphur fuel oil' from plastic waste.
Rotterdam prices gain double-digits Some suppliers were fully booked until September 19.
Government 'opposes' attacks on ECA regulations Sweden will implement tougher sulphur rules, says Environment Minister.
Sulphur regulations 'will dwarf impact of carbon prices' New study suggests MBMs will not deliver CO2 emission reductions not already driven by cost of low sulphur fuel.
Singapore fuel oil stocks up week-on-week High prices kept demand in check, say players.
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