CMA CGM hits 2.3m TEU mark at Port Klang CMA CGM Group, the world's third biggest container carrier, hopes to maintain - if not better - its growth rate achieved last year for container volume at Port Klang.
Somali pirates hijack S Korean cargo vessel Somali pirates have seized a South Korean chemical cargo in the Arabian Sea, two months after an oil supertanker belonging to the same firm was freed after seven months in captivity, the government and local media said.
China gets first overseas order for LNG ships China State Shipbuilding Corporation (CSSC) signed a contract with Exxon Mobil and Mitsui & Co Ltd on Saturday to build four LNG (liquefied natural gas) ships, the nation's first overseas order for such an advanced carrier.
New gas turbine GT1-001 locomotive pulls 12,000 t train Russian Railways (RZD) is testing new traction. The new equipment is a Russian gas turbine GT1-001 locomotive. It recently managed to haul a 12,000 t train, from Vekovka to Be...
Intercontainer Austria launches intermodal network for Southeast Europe Intercontainer Austria GmbH (ICA), a subsidiary of RailCargo Austria, is launching a new network to Southeast Europe today (14 January). The new network encompasses the existing tr...
Ukraine's road infrastructure to benefit from a new EBRD investment Key routes into the Ukrainian capital Kiev will benefit from a rehabilitation and upgrade process, thanks to the EBRD's EUR 450 million loan to Ukravtodor, the State Road Administr...
Clean truck programme in Seattle terminals The Port of Seattle has launched an extensive programme aimed at registering newer, cleaner drayage trucks that access its container terminals. From 1 January all drayage trucks en...
Boxship capacity concerns drive down first-quarter contract values Worries grow over lines' inability to impose rises on China to northwest Europe trading lane
Capesize rates hit floor as owners idle ships Freight rates of below $8,000 per day see vessels withdrawn from market, brokers said
Golden Destiny Greek shipbroker Golden Destiny has issued a correction to data released this week that said 1,393 secondhand ships worth $75bn had been sold in 2010
Black Sea to Mediterranean earnings hover above zero Time charter equivalent earnings for suezmaxes able to secure Black Sea crude cargoes to ship into the Mediterranean dropped from $11,500 per day to almost zero last week
Brazil to China capesize spot freight rate plunges Forward freight prices are close to spot market lows of mid-2010
Torm seeks to reverse its fortunes as it opens Brazil base Shipowner also eyeing China and India offices
Dry bulk rates dive despite rising vessel demand Soaring overcapacity blamed for mismatch between steel production prices and rates
Eckhardt Marine files for insolvency Major German cash buyer has filed for insolvency
Sea Vision appoints full time director Picks former Royal Navy officer Ewen Macdonald to fill the role
Excel plans $250m bond issue to repay debt Dry bulk owner to tap high-yield bond market for the first time
Freedom of Information Act move would level the playing field
UK law could lift the lid on ports' commercial secrets Government proposes to extend the Freedom of Information Act to harbour authorities in England and Wales
US railroads inquiry will scrutinise freight services competition Surface Transportation Board to explore possible policy initiatives to promote more rail-to-rail competition
Passenger evacuation is a key focus for IMO Organisation has recently adopted a number of recommendations and guidelines on the rescue of persons from passengerships
A winning approach to seafarers' welfare The work of welfare organisations and individuals got some well-deserved attention at the first International Seafarers' Welfare Awards
Leopard crew thought to be kidnapped Military sources say missing seafarers probably taken by Somali pirates
MCA acknowledges union safety concerns But Massey keen to push through modernisation plans
We can do more with less, says Massey Maritime and Coastguard agency will be better in four year's time
UK coastguard prepares to enter into new age of austerity MCA is cutting many jobs and services but is confident a more streamlined operation will cope with new workload
US places 24 more firms on sanctions list US Treasury claims companies are front organisations for IRISL
Luxembourg set to sign Maritime Labour Convention Prepared to sign convention this year
MCC Transport beefs up Russian feeder network Maersk Line subsidiary to include calls in China and extends South Korea coverage
Advent International takes Brazilian box port Private equity firm to buy 50% of Terminal de Contêineres de Paranagu'
Rotterdam and Antwerp target Duisburg stake Ports want to buy stake in inland port
CSAV launches North America-Panama service Starts its own dedicated service between North America and Panama
Irish woes continue The unfortunate removal DFDS from the sector may well not be the end of the Irish ferry crisis
Chamber's calling The Chamber of Shipping has a tough task ahead in ensuring the association remains relevant in 2011
Jiangsu Rongsheng lines up $9bn credit from Chinese banks Deal for $1.5bn with China Everbright Bank imminent and promises more to follow
Indian breakers' green credentials on the rise Nearly 40% of India's recycling yards have gained ISO certification
LA box exports hit high BOX EXPORTS at the Port of Los Angeles rose 10.3% year on year to a record 1,841,274teu in 2010.
US to arrest bulkers in Stanship dispute US FEDERAL agents have been instructed to arrest two Stanship bulkers until several court complaints are settled.
German H&M insurers add 12% more tonnage GERMAN hull & machinery insurers increased their insured fleet by 12% last year, statistics released today showed.
Study: piracy costs up to $12Bn per year PIRACY costs the international economy at least $7-12Bn a year, according to a new study released by UK think-tank Chatham House. Study: piracy costs up to $12Bn per year
Kotug rules out any return to Le Havre DUTCH towage operator Kotug today told Fairplay its decision to leave the French port of Le Havre is 'irrevocable'.
Israel seeks Cyprus LNG plant ISRAEL'S Delek is seeking authorisation to build an $800M LNG facility in Cyprus, a Haifa shipping agent told Fairplay today.
Gladstone reopening nears LIMITED coal shipments will resume from Gladstone this weekend after rail company QR National managed to reopen lines to Moura mines.
NYK plans 30% more ships JAPAN'S NYK Line told Fairplay today it plans to expand its drybulk fleet to exploit grain shipments from the US Gulf Coast and China.
Thai port phase studied THAILAND has reportedly contracted a comprehensive study of Laem Chabang port's expansion by a consulting firm.
DFDS exits Irish Sea DANISH ferry operator DFDS has decided to shut down its services between Dublin and the British ports of Birkenhead and Heysham.
Box battle batters rates BOX RATES on major East/West routes will drop 7% in 2011 because carriers are not practicing capacity discipline, a container report has predicted.
US box import growth slows IMPORTS at major US box ports are expected to increase by 8% year on year in January, but growth is expected to taper off during the first half of 2011.
Dalian raises throughput CHINA'S Dalian port said today its general cargo throughput rose last year by nearly 20% from 2009 totals.
Port Klang seeking to double cargo handled MALAYSIA'S Port Klang said it expects to handle twice as much cargo this year than in 2010.
Banks take KG house stake DEBT-LADEN Hamburg KG house MPC Capital has gained breathing space through a debt-to-equity accord with some of its banks.
Donahoe Sworn In as Postmaster General Patrick R. Donahoe Jan. 14 took the oath of office as the 73rd Postmaster General of the United States. He...
Transport America Buys Southern Cal Transport Truckload carrier Transport America is expanding by acquiring Southern Cal Transport, a Birmingham, Ala.-based trucking company. The combination is...
Job Market, Gas Prices Hurt Consumer Confidence Rising gasoline prices and high unemployment caused a widely watched index of U.S. consumer confidence to weaken in January. ...
Vitran to Purchase LTL Trucker Milan Express Canadian transportation company Vitran is expanding into the Southeastern U.S. by purchasing the $70 million less-than-truckload division of Milan Express. ...
PC Shipment Growth Slows in 4Q Growth in personal computer shipments worldwide slowed down sharply in the fourth quarter, expanding 3.1 percent over the year before,...
Flexi-Van Adds Chassis Rentals in Jacksonville Flexi-Van Leasing will add Jacksonville to the list of South Atlantic depots where the company offers its FlexiDay program for...
Obama's Ambitious Trade Agenda This could be a breakthrough year for trade liberalization in the Asia-Pacific region. The first step is the U.S.-South Korea...
Asia Trade Looking Up U.S. containerized trade with Asia will grow over the next two years despite possible macroeconomic bumps, PIERS forecasts in its...
Shipping's Paradox As we launch into 2011, shippers and carriers face twin challenges that are not merely contradictory but also, it turns...
Frankfurt Airport Breaks Cargo Record in 2010 The Frankfurt Airport in 2010 racked up a record tonnage of cargo, which increased 21.5 percent to 2,231,348 metric tons,...
Congestion Overwhelms Port Chennai India's Port of Chennai, rattled by serious congestion since mid-November, faces more delays as a three-day local festival holiday begins...
Industrial Output Jumps 0.8 Percent in December Output at U.S. factories, mines and utilities rose a faster-than-expected 0.8 percent in December, the sharpest increase in five months,...
Retail Sales Surge at Fastest Rate Since 1999 U.S. retail sales rose for the sixth consecutive month in December, capping a year in which sales grew at the...
Danish Ship Crew Missing After Pirate Attack NATO's anti-piracy force found no crewmembers or pirates onboard a Danish breakbulk ship that Somali pirates hijacked and then abandoned,...
Qantas Settles Shipper Suit for $26.5 Million Australian airline Qantas will pay $26.5 million to a group of U.S. importers to settle a lawsuit over its role...
Shipping under attack from all eco-fronts Devastating biblical flooding on three continents this week - Australia, Sri Lanka and Brazil - coincided with the announcement that 2010 tied for the warmest year ever recorded on earth. The jury is no longer out; global warming is happening, and the earth's temperature will continue to rise to reach potentially catastrophic levels unless humans put a cap on greenhouse gases pumped into the atmosphere.
Traffic halted on Rhine River A tanker carrying at least 2,200 tons of sulfuric acid capsized in the Rhine River Thursday, closing the river to traffic, but reports say no acid has been spilled. Two crewmen from the tankerWaldorfwere rescued, and two are missing. The water temp...
Arch Coal buys stake in terminal Arch Coal said Wednesday that it had acquired a 38 percent interest in Millennium Bulk Terminals-Longview, a bulk commodity terminal on the Columbia River near Longview, Wash., in exchange for $25 million plus additional consideration upon the comp...
Retail container traffic to be up 8% in January Import cargo volume at the nation''s major retail container ports in January is expected to be up 8 percent over the same month last year, according to the monthly Global Port Tracker report released Thursday by the National Retail Federation and ...
U.A.E to join ATA Carnet system The United Arab Emirates will join the ATA Carnet system early this year, becoming the 69th country to accept and issue special documents exempting certain categories of temporary imports from duties and taxes, the U.S. Council for International B...
Ex-Im Bank initiative helps small shippers The U.S. Export-Import Bank has started a new initiative aimed at increasing the number of small businesses that export. The program,Small Business Global Access , was announced by the bank at a U.S. Chamber of Commerce event Thursday. The Obama a...
U.S. November exports trim trade deficit The U.S. Census Bureau and Bureau of Economic Analysis on Thursday reported the country's exports of goods and services in November 2010 increased 0.8 percent from October to $159.6 billion, the highest level for monthly exports since August 2008 ...
TRAC offers chassis in South Atlantic TRAC Intermodal said it would expand its TRAC Connect product to the South Atlantic Chassis Pool for use by motor carriers servicing CMA CGM. TRAC said it has been working with CMA CGM to develop an effective strategy to supply truckers directly wi...
St. Lawrence Seaway traffic up 15% in 2010 The St. Lawrence Seaway said ships passing through it moved 35.5 million tons in the 2010 navigation season that ended Dec. 29, 15 percent more than in 2009. Iron ore shipments rose 35 percent, grain was up 10 percent, and general cargo up 63 perce...
Cathay volume up 18% for 2010, 12% in December Hong Kong-based airline Cathay Pacific said it and sister airline Dragonair saw December air freight volume increase 12 percent on the same month in 2009, to 161,302 tons. Total tonnage carried in 2010 was 1.8 million tons, an 18.1 percent increase...
Zim to raise India-to-Europe rates Container line Zim said Thursday it is raising rates from India to Europe by $200 per TEU as of Feb. 1. The increase is similar to one announced earlier this week by Mediterranean Shipping Co. The rate hike is applicable to all origins in the India...
FESCO reorganizes container management FESCO Transportation Group said Thursday it has formed a single logistics entity responsible for managing its business directions and FESCO companies providing various container services. FESCO Integrated Transport (FIT) will oversee the provision...
Report: Jones Act did not impede Gulf cleanup A report by the non-partisan National Commission on the BP Deepwater Horizon Oil Spill and Offshore Drilling confirmed the Jones Act did not prevent foreign vessels from helping with the cleanup effort during theDeep Water Horizonoil spill in the ...
DFDS to leave Irish Sea By the end of January, DFDS will have closed down its two remaining services over the Irish Sea, the Dublin'Berkenhead and the Dublin'Heysham services. The company has started
Leopard's crew kidnapped The crew of the coaster Leopard seems to have been kidnapped by the pirates that attacked the ship earlier this week. When a Turkish warship arrived at the Leopard there
Bunker prices reach new highs as week ends Mixed demand at key Asian bunker ports, say traders.
Supplier wins in bunker dispute with MISC A Malaysian court will assess damages to be awarded to Scandinavian Bunkering in April.
Finnish gas firm eyes 2015 start for LNG bunkers supply Demand to rise when fuel sulphur limit in ECAs falls to 0.10%, says CEO of Gasum.
O.W. Bunker expands trading activities to Switzerland Move signals the company's strategic expansion into sectors that present 'real opportunities'.
Hong Kong traders see 'higher' bunker demand As major bunker player Chimbusco Pan Nation keeps offerings to a minimum this week, traders say.
Kogas, Swedish firms to study LNG bunkering Companies will explore possibilities for 'developing a Korean system for delivery of LNG to gas-fuelled ships'.
Titan raises $20 million for China storage expansion Affiliate exercises rights to notes; aims to become 'largest independent commercial oil and petrochemical storage operator' in China.
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