Northrop Grumman gets green light to spin off shipyards Northrop Grumman's board approved the spin-off of its struggling shipyards to stockholders after making changes to ease Navy concerns about the deal, Pentagon and industry officials said on Tuesday.
Baltic index dips for second straight day The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell for a second day on Tuesday in slower activity with the market still assessing Japan's earthquake.
Cruise lines set for steady growth in 2011 Despite rising fuel costs and more stringent environmental regulations, the cruise industry expects modest growth in 2011 as eight new large ships debut and consumers continue to shake off the effects of a recession, industry executives said on Tuesday.
South Africa: logistics costs decreasing South Africa's consistently high total cost of logistics decreased by just 1.2% between 2008 and 2009, from 14.7% to 13.5% of gross domestic product (GDP). Within a recessionary co...
India: a bridge to relieve congestion «The Times of India» has reported that the city of Chandigarh (Punjab/Haryana states) has decided to construct a flyover near the railway station. The bridge will connect the road ...
Cathay Pacific expands long-haul fleet after jump in sales and earnings The Hong Kong-based Cathay Pacific Group reported a proportionate profit of HKD 14.048 billion (EUR 1.36 billion) in 2010 ' a record result compared to the HKD 4.694 billion (EUR 4...
Incheon and Schiphol join hands in e-freight drive Amsterdam airport (Schiphol) and Incheon international airport in Seoul (South Korea) have signed a memorandum of understanding (MoU), in which the two major cargo gateways wi...
Hong Kong Airlines plans massive fleet expansion Hong Kong Airlines intends to expand its fleet by purchasing 38 Boeing airplanes, including six B777 freighters. Boeing's family of technologically advanced, long-haul airplan...
Israel Railways orders 29 locomotives from Vossloh Espa'a Vossloh España's strategy of expanding international business is bearing fruit as the company is to supply Israel Railways (ISR) with 29 locomotives. The units will be fully assemb...
USA: winter weather affects traffic but intermodal volume grow s The Association of American Railroads (AAR) reported that monthly carloads in February 2011 increased to 1,135,396 carloads, 4.2 % more than in the same month last year. Accor...
Fuel costs and strong Swiss franc driving up transport prices The high cost of diesel fuel and the strong Swiss franc are having a negative effect on transport prices in Switzerland. The Swiss commercial vehicle association Astag assumes that...
Embargo for new airfreight shipments bound for Tokyo Kintetsu World Express (D) GmbH advises its customers that it cannot accept any new airfreight shipments for Tokyo (Narita airport), due to the recent disasters in Japan. Damage ha...
GLS building second computer centre in Europe GLS is investing around EUR 4 million in even more data security. The pan-European parcel service provider is now building another European computer centre near Frankfurt (Germany)...
Rudolph Hellmann Automotive opens new distribution centre for Ford The joint venture Rudolph & Hellmann Automotive will operate a new parts distribution centre at the Ford Motor Company's location in Dubai (United Arab Emirates). The goal is t...
Lufthansa Cargo appoints new area managers The German air transport service provider Lufthansa Cargo has appointed new area managers for Germany and the Europe/Africa region. J. Florian Pfaff, currently Lufthansa Cargo vice...
Arkas and Tarros to become partners The Turkish Arkas Group and the Italian shipping company Tarros, which have been collaborating for more than 30 years, have now founded a joint company called Tarros Deni...
CMA CGM goes into action to help Japan The French shipping group CMA CGM Group has set up an emergency and communication response team that is closely monitoring the situation in Japan. Close contact is being kept ...
MOL vessels: post-quake situation The Japanese shipping company Mitsui O.S.K. Lines Ltd (MOL) is still gathering data about its vessels that may have been affected by the recent earthquake off the Tohoku district's...
Operations in Tokyo and southern ports more or less back to normal Operations in Tokyo and Japan's southern ports have more or less resumed again. Tokyo and all ports south of the Japanese capital are back in operation, although delays will occur ...
Uncertain times ahead Things seem to be getting back on track, but anyone proposing a major fleet expansion had better be wary
Offshore intent Both Bourbon and Topaz are taking a gamble as they announce substantial investment plans
Libya turmoil continues to put pressure on shipping shares Investors play waiting game despite gains in freight rates for smaller tankers
New CSAV chairman seeks investors for $1bn cash call Chilean carrier eyes new investors as Juan Alvarez takes over as chairman
Baltic Dry Index continues downward slide Average time charter rates for capesizes fall to week-low, made worse by Japan crisis
Libyan rebels attack GNMTC tanker Company says terrorist linked to political uprising in Libya intercepts Anwaar Afriqya
Salvors see 44% fall in recovered pollutants ISU reports huge reduction in amount of marine pollutants salved in 2010
Topaz listing set to create offshore giant Planned $500m flotation will enable company to boost fleet to 150 vessels
Bourbon's posts net financial loss of €38m in second half 2010 Despite 'challenging conditions' in 2010 says outlook is positive
Beluga woes deepen as chartering arm files for insolvency Move comes after financiers withdraw vessels on charter to troubled heavylift operator
Japan marine premiums rise inevitable in wake of tsunami Impetus for a premium rate hike will be unavoidable
Tanker owner held liable for breach of oil major approvals Charterers seek $2.5m from Rowan owners
Transeuropa and LD Lines end alliance Ends commercial collaboration on Ramsgate-Ostend route
Offshore support vessel sector set to boom Ice-class fleet to see strong growth as $7bn is pumped into Arctic oil and gas projects
Marine underwriters look for market share over profit High levels of latent capacity in the marine insurance market are causing underwriters to write for market share as opposed to profit
Insurance sector begins to count costs The insurance sector is beginning to count the costs of the tsunami on Japan
Trust Ports need to be accountable Labour MP Nick Brown makes the case for a combination of private ownership and good corporate citizenship for UK Trust Ports
Ferry operators want rewards for early adopters Industry needs incentives to meet the 2015 ECA deadline
European ro-ro fleet grows in face of global competition Ro-ro owners have fought to stay in business with economies of scale, and route innovation
Fleet flexibility behind DFDS success Large ships, multiple routes and slow steaming are ingredients for the future
Los Angeles sees 6% rise in February volumes Handles total throughput of 554,912 teu, higher than 458,000 teu at Long Beach
Torm plays down Fredriksen stake talk Dismisses reports Frontline boss has taken 5% share in Copenhagen-listed tanker operator
McQuilling sets up Athens subsidiary To provide broking services in the speciality smaller tanker sector
Japan naphtha fixtures fail as crackers shut Earthquake impact is felt in tanker markets as force majeure kicks in
Japan's duress could be fillip for dry bulk fleet More low-sulphur fuels and thermal coal will need to be imported to plug the energy gap
Panamax sale boosts Hellenic Carriers' profit Greek bulk carrier owner Hellenic Breeze posts net income of $27.5m in 2010
New terminal at Cai Mep is latest in string for southern Vietnam Hanjin Shipping, MOL, Wanhai and local partner in official launch of 1.1m teu terminal
Panamax under construction at Cosco Dalian cancelled Unnamed owner to pay compensation to Chinese shipyard
Keppel FELS wins jackup rig contract worth $210m Order brings Keppel Offshore & Marine's total orders in first quarter to $3.5bn
French seafarer strike set FRANCE'S CGT seafarers' union has called on its members to stage a national 24-hour strike tomorrow
LA imports continue rise CONTAINER volumes at Long Beach and Los Angeles rose significantly last month, with most of the growth related to imports
Owners embrace Eksportfinans ship funding NORWAY'S credit agency Eksportfinans told Fairplay today that owners are turning to it as an alternative funding source for buying new vessels
TWICs go electronic TERMINAL operators in the US can now use electronic readers to verify terminal access for seafarers instead of manually checking TWIC cards
Searchers seek SAL mariner SHIPS and helicopters were searching today for a seafarer overboard from a German heavy-lift vessel in the North Sea
Tanker seized in Libya ANWAAR Afriqya, a Libyan-registered product tanker believed to be carrying 23,800 tonnes of fuel, has been hijacked by rebels, according to the government-run company that owns the ship
VLCC order drop seen VLCC newbuilding orders are likely to fall this year, after a sharp increase in 2010, because of persistently weak freight markets, BIMCO shipping analyst Peter Sand said today
Lakes dredging cuts assailed GREAT Lakes shipping attacked today an Obama administration plan to slash next year's US dredging budget for the waterway system by nearly one-third
Topaz IPO to target $500M TOPAZ Energy & Marine, the Dubai international oilfield services group, said today it plans to go public on the London Stock Exchange in an IPO with a target of about $500M
Covenant fears pummel TBS SHARES in NASDAQ-listed TBS International plunged 19% yesterday following a conference call commentary on covenant issues
Israel: missiles smuggled MISSILES, mortar rounds and bullets were found in containers on the box ship Victoria, Israel's military said today
Ice-class rates firm SPOT RATES for ice-class Aframaxes could remain high well into April because of thick Baltic ice, while the product tanker sector should benefit from Japan's crisis, brokers said today
Beware ransoms with strings attached SHIPOWNERS could be liable for pirate ransoms that later end up in the hands of terrorists, according to the US State Department
Asian shipping shares rise ASIAN stocks seem to have recovered today, after the three-day selloff that followed Japan's quake crisis
Hellenic eyes more bulker tonnage HELLENIC Carriers has signalled its intention to acquire modern bulker tonnage.
JOC's Tirschwell on TPM Long Beach Highlights (Video) Peter Tirschwell, senior vice president of strategy for UBM Global Trade/The Journal of Commerce, shares the highlights of this year's...
Japan's Woes to Hit Containerized Auto Shipments to US Ongoing factory production and shipping problems in Japan from last week's earthquake and tsunami will hit containerized automobile parts shipments...
BTT President on HOS Rules, Intermodal Expansion Plans (Video) Hans Stig Moller, president of Bridge Terminal Transport, discusses the effects that the new Hours of Service for truckers and...
Closing Remarks on TPM Long Beach (Video) Paul Page, editorial director for The Journal of Commerce, and Peter Tirschwell, senior vice president of strategy for UBM Global...
Seized CMA CGM Ship Due for Release CMA CGM said a containership stormed by Israeli commandos on March 15 and searched for weapons was the "victim" of...
Lufthansa Buying 777 Freighters Lufthansa Cargo, in the midst of a strong revival in freight business, will add five 777 freighters to its fleet,...
UPS Names Wicker First Chief Sustainability Officer Package delivery giant UPS is elevating the role of environmental sustainability within its operations by creating the post of chief...
New Mexico Moves to Spur UP Intermodal Hub New Mexico's legislature could be poised to exempt Union Pacific Railroad from a locomotive sales tax, to entice UP to...
eModal Adds Chassis Control to System Online logistics software provider eModal added a chassis control functionality to its intermodal logistics community system. The product provides real-time...
Great Lakes Operators See Dredging Emergency Great Lakes ports and vessel operators are declaring a state of emergency in protest of proposed cutbacks in maintenance dredging...
US Railroads Post Safest Year on Record U.S. freight rail lines in 2010 completed their safest year on record by several measures, said the Association of American...
Lawmakers Introduce Water Resource Reforms Lawmakers introduced legislation this week to reform the funding of water resource projects. The measure, introduced by Sen....
Home Construction Drops to Two-Year Low Home construction, a key driver of freight transportation demand, plunged last month to its lowest level since April 2009 and...
Beluga Files for Bankruptcy -- This story originally appeared on the Web site of JOC's sister publication Breakbulk.com. Beluga Chartering, a core part...
Italy Investigates Mafia Links to TNT Express TNT Global Express confirmed reports its Italian parcel delivery unit has been targeted by a mafia organization. The Dutch...
Japanese Battery Makers Close Plants The world supply of lithium-ion batteries for chips and power-supply capacitors may be the worst-hit technology industries following last week's...
Japan Supply Disruptions Will Hit China Supply chain disruptions from Japan's earthquake could force Chinese firms to delay imports of key components, especially for digital products,...
Court Backs STB, Suburbs against Canadian National A U.S. appeals court backed the authority of the Surface Transportation Board to impose special mitigating conditions in December 2008...
Drewry Trans-Pacific Spot Rate Falls Trans-Pacific spot rates fell 4.9 percent in the week ended March 14, dropping to $1,693 per 40-foot equivalent unit of...
Airlines Pull Tokyo Flights, Express Carriers Restore Operations FedEx Express is restoring its flights to Tokyo and other parcel carriers are resuming delivery operations across most of Japan...
Japan's Shipyards Remain Intact After Quake Japan's major shipyards escaped the full impact of the March 11 earthquake and tsunami that struck the northeastern coast of...
New Vietnam Terminal Opens Three Asian container lines formally opened a container terminal Wednesday in Cai Mep, the port that serves Vietnam's industrial heartland. ...
Crowley appoints Larkin VP sales Crowley Maritime Corp. has appointed Frank Larkin as vice president of sales and customer care for its liner services and logistics groups. Based in Jacksonville, Fla., Larkin will report to Steve Collar, senior vice president and general manager f...
More relief help from Japanese lines NYK Line said Wednesday it has offered the Japanese government the use of a module carrier as an offshore platform for helicopters to be used to provide relief supplies to the quake-stricken area. TheYamatai,operated by NYK-Hinode Line Ltd., an NYK...
Law firms scrutinize Kirby, K-Sea deal At least a dozen law firms have said they are investigating Kirby Corp.'s proposed acquisition of K-Sea Transportation Partners, announced over the weekend. The law firm of Bernstein Liebhard LLP said its investigation "is focused on the potential ...
COSCO assesses Tianjin/Taiwan weather fee COSCO Container Lines said this week it will assess an "emergency weather surcharge" of 600 RMB ($92) per TEU for all shipments from Tianjin to Taiwan from March 20. Also, COSCO said it is raising bunker surcharge rates from China to Korea to $160 ...
MSC to raise Far East/Australia rates Liner carrier Mediterranean Shipping Co. said this week it will raise rates on the trade from the Far East to Australia beginning April 15. The $250-per-TEU increase applies to all shipments from China, Korea, Taiwan and Hong Kong to Australia. MSC...
Japan catastrophe could impact bulk shipping London-based broker Freight Investor Services said Tuesday the unfolding catastrophe in Japan could have a significant effect on the dry bulk shipping market. "In the short term, shipping has been disrupted with 13 ports reported byReutersto have c...
Israeli forces seize CMA CGM vessel The Victoria was intercepted on Tuesday and found to be carrying 50 tons of weaponry bound for the Gaza Strip. A CMA CGM chartered containership was intercepted by the Israeli navy Tuesday in the Mediterranean after Israel's government suspected th...
TBS reports bigger loss as rates fall TBS International said it had a net loss of $245 million in 2010, compared to a loss of $67 million in 2009. The operator of bulkers and tweendeck ships said $217 million of the loss came in the fourth quarter. It reported revenue of $412 million i...
State Department seeks tougher anti-piracy policies The killing of four U.S. citizens onboard their hijacked private sailboat by Somali pirates late last month has prompted the U.S. State Department to undertake an intensive internal review of the government's counter-piracy strategy. Testifying at...
Mols-Linien to close service and change CEO Mols-Linien A/S will close the ro-pax ferry service between Århus and Kalundborg as soon as possible, pending a sale of the two units. Furthermore the company will
John Fredriksen buys Torm shares Norwegian shipowner John Fredriksen, Frontline Group, is presently buying shares in the Danish Steamship Company Torm. The price on the shares has fallen dramatically over the last couple of years
Fujairah market softens Deliveries were available up to and including March 30 in Durban.
Bunker prices fall across Europe LS fuel oil premiums continue to be high in Rotterdam.
Crude rises on back of Japanese quake updates Prices displayed signs of uncertainty as Fukushima Dai-Ichi nuclear power plant risked provoking a 'major disaster.'
Fujairah official gives new figure for bunker sales Latest estimate almost double previous unofficial figures.
South Korean refiners to send fuel oil to Japan Japanese fishery association asks for supplies of marine fuel.
'Substantive demand' for higher sulphur fuels beyond 2025 Study predicts 'significant take-up of scrubbing' and a degree of non-compliance with tighter sulphur limits.
Asian bunker prices down mid-week 'Mixed' demand in Asia's key bunkering hubs, according to traders.
KPI Bridge Oil appoints new staff Fion Chia has extensive admin and secretarial experience from various trading companies.
WFS picks commodity management software To support trading, scheduling, counterparty credit risk and regulatory risk for WFS's global fuel marketing operations.
Taxes 'biggest hurdle' for India bunkering industry India's bunkering sector will see increasing 'opportunities and pressures'.
Socar to open Fujairah terminal earlier than schedule Phase one of Socar Aurora Fujairah Terminal to commence operations by the end of 2011, earlier than mid-2012 target.
Singapore targets locals for work on bunker tankers Graduates of an MPA programme to take on senior positions onboard local bunker tankers.
Sinopec Zhoushan to 'catch up' with Chimbusco in five years Sinopec Zhoushan targets 2 million mt of bunker sales in 2011.
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