S'pore shipowners ready for ILO seafarer convention Singapore shipowners welcomed the government's ratification of a proposed Bill of Rights for seafarers, saying that as responsible operators, they are ready to meet their obligations under the convention.'
Asian container shipping faces headwinds As latest statistics released from the major economies suggest slowdown in global economy ahead, most research houses have sounded cautious note on Asian container-shipping sector for the second half of this year.
Lufthansa Cargo Charter flies two big generators to Japan on Antonov 124 Last week, an Antonov AN-124 freighter chartered by Lufthansa Cargo Charter GmbH and its customer Agility, left Frankfurt Hahn Airport with a heavy load for one of Japans biggest b...
First Western carrier returns to Baghdad On 8 June, Austrian Airlines returned to the Iraqi capital Baghdad after a 21-year absence. This will be Austrian's second destination in Iraq, together with the city of Erbil...
TransContainer signs agreements with foreign partners The Russian intermodal container transport provider TransContainer has signed a number of agreements. The pact with Germany's DB Schenker Rail Automotiv foresees the creation of a ...
Gefco obtains EU Marco Polo grant for Vesoul-Kaluga rail flows The French Gefco group has announced that its project to implement a rail link between Vesoul (France), and Kaluga (Russia), is to be supported by the European Commission's Marco P...
Alphabet sets foot in Czechia Alphabet, an international fleet management and leasing enterprise, is now offering its services in Czechia, in cooperation with UniCredit Fleet Management. Alphabet's portfolio en...
Severe shortage of drivers At the German association for automotive logistics' "Verein Automobillogistik im DSLV e.V's" recent annual conference, which was staged in Luxembourg, it was said that a ...
Serbian Railways now a joint stock company The Serbian Government has converted Serbian Railways into a joint stock company called Serbian Railways. The entity is 100% state-owned. The railway reorganization will not r...
Prologis: changes in European management Now that the merger of AMB Property Corporation and ProLogis has been completed, Peter Schuijlenburg is taking on the role of senior vice-president, regional director Nor...
Mory fighting off Caravelle's takeover attempt The French road haulage and logistics group Mory is attempting to ward off a takeover attempt by the Caravelle group, a specialist for the rehabilitation and recovery of businesses...
VOTG managing director Heike Clausen becomes vice-president of ITCO Heike Clausen, managing director of VOTG Tanktainer GmbH, a wholly owned subsidiary of the Hamburg wagon hire and rail logistics company VTG Aktiengesellschaft, has been appointed ...
AF-KLM Cargo adds 5th full freighter flight to Mexico City Starting today (16 June), Air France-KLM Cargo and Martinair Cargo will operate a fifth full-freighter flight to Mexico City. This service, which is operated with a Boeing B777F on...
Port of Halifax invests in new super postpanamax container gantries The port of Halifax (Canada), which is owned by the Macquarie Infrastructure Partners group, and which has the deepest basin on the US east coast, is investing in two new super pos...
Yangshan investing USD 1.54 billion in new berths The port of Yangshan (China) is to invest USD 1.54 billion in new berths for large containerships. The port, which is located in Hangzhou Bay, was officially phased in in 2005. Sin...
Global Ports Group: IPO to generate USD 750 million The Russian port group Global Ports wants to make USD 750 million with an initial public offering (IPO) in London. If the target is achieved, it will be the largest IPO of any Russ...
CEE has new member for Afghanistan and Pakistan Cargo Equipment Experts Ltd (CEE) has a new member for Afghanistan and Pakistan in the shape of Fiza Logistics Pvt Ltd. The latter firm, which operates offices in Kabul, Islamabad ...
Logwin expands network in South China The logistics service provider Logwin is opening three new offices in South China this year as part of its expansion plans across the country. A sales office opened in Dongguan in ...
Quehenberger Logistics: new forwarding terminal in Belgrade Quehenberger Logistics Serbia opened a new forwarding terminal in the Serbian capital Belgrade at the beginning of June. The terminal, which covers 1,000 sqm in the first phase, ca...
Shipping companies must use new pool of ratings labour RMT is hoping there will now be a greater chance of candidates that come through the new scheme finding seagoing employment
UK recruits will join a 'strong and vibrant' shipping sector Youngsters who sign up to the MNTB training programmes will be joining a "strong and vibrant" British shipping sector
British merchant navy in search for more raw recruits With many young people in need of work, will a recruitment drive by the MNTB provide the solution?
Long range one tankers post first upturn in three weeks Brokers question how long rate rises can be sustained before owners with vessels in the west ballast through the Suez Canal
IEA revises down crude oil trade growth expectations Crude trade set to increase just 1m barrels per day to reach 35.8m bpd in 2016
BDI up 19 points as capesize rates climb on all routes The Baltic dry Index rose 19 points to 1,424 yesterday as capesize rates climbed up across all trading routes
Crodux unveils plans for Croatian LPG terminal Energy company plans to develop LPG network
Torm charters three ships at $16,500 a day Deal signals further declines for time charter rates
IEA oil news in brief Demand versus supply
At full speed to design more efficient ships Before the International Maritime Organization rushes into EEDI regulation, it should consider as a first step the mandatory publication of speed-fuel curves
Shipping industry's tale of two worlds There are two types of people in our community: those that value the technology and the detail of the huge floating assets, and those that focus on the financial and market aspects
Dry bulk owners gear up for a rise in grain trades Smaller bulkers likely to benefit from extra cargoes
Dalian to build shiprepair yard Location next to ship recycling facility offers flexibility for 5,000 workers
Dalian Shipbuilding to build world's largest green recycling yard Chinese state-owned engineering group expanding business to offer cradle to grave service
Greek shipowners poised to ride out sovereign debt default Operators directly involved in carrying cargoes into and out of Greece are most at risk
Lawsuit aims to shoot down Eagle high-fliers As company refutes allegations of 'disproportionate rewards' for executives, other shippers could face disgruntled shareholders
Back to square one The euphoria of last year's bounce in the container markets and operators' bottom lines has evaporated
The price of low sulphur Rising marine fuel prices are adding to the financial pressure ship faced by operators
German fleet expansion at risk from shipfinance problems Owners beset by weak KG market and timid banks, says Bremen association chief
NOL plunges in NOL's $1.5bn order for 14,000 teu boxships puts it in same league as the other 'big boys', but is it a wise move?
V.Ships warns of wage pressure risk from larger vessels Shipmanager outlines need for more seafarers with experience on bigger boxships
Box prices hit record high Fear of container shortage has seen utilisation rates hit 99%, says Textainer
China's irresistible rise Plan to build the "largest and greenest ship recycling facility in the world" show Chinese determination to move up the value chain
Seafarers say fear holds them back from seeking legal advice Survey questions more than 1,000 crew members from 58 nations on ships visiting European ports
Berlian Laju Tanker losses prove larger than expected Indonesian company hit by high financing expenses and tepid operating results
Iran's NITC avoids sanctions by securing hull insurance in Asia Indian, Chinese and Malaysian companies believed to be the most likely to have taken the business
Duane Morris & Selvam opens shipping practice in Singapore Law firm recruits experienced local trio to form maritime team
GPI aims to raise $572m with IPO Proceeds from sale of 35.5m GDRs will be invested in Russian ports
PDVSA seals Japan deal VENEZUELA has signed a loan-for-crude exports deal with Japan, adding to the positive tonne-mile effect of its Chinese exports
US grounding costs tanker AFRAMAX tanker Ratna Puja has been refloated after grounding in the Mississippi River, which has been affected by silt and shoaling
Mississippi bulk terminal sold CANADIAN National Railway has agreed to sell its IC RailMarine Terminal on the Mississippi River west of New Orleans
Bremen owners rescue Beluga's trainees BREMEN shipowners teamed up today to save local training programmes threatened by the bankruptcy of the region's largest operator, Beluga Shipping
Choong: Benin piracy rising PIRACY monitor Noel Choong has warned that the risk of attack is rising off Benin and other areas of West Africa, IHS Global Insight reported today
Bunker demand seen rising DEMAND for bunker fuel in 2010 averaged 4.3M barrels per day, according to the IEA, which described the market as "one of the most opaque"
Is Panamax demand waning? BROKERS told Fairplay today concern is rising that Panamax demand is waning, with the BPI's rise slowing
Hanjin upsizes service to Middle East HANJIN Shipping of South Korea has decided to use bigger box ships on its route to the Middle East
China diesel hunger grows CHINA'S demand for diesel is forecast to jump in 3Q11 as the country's industry increases its reliance on diesel generators
Platou delays listing RS PLATOU, Norway's shipbroking and financial services group, has decided to postpone its Oslo listing because of restive equity markets
Supramax rates buoyed A BROKER today told Fairplay that higher enquiries are propping up Supramax rates, which have been softening in recent weeks
Singapore ratifies ILO convention SINGAPORE has become the first Asian country to ratify the Internatonal Labour Organisation's Maritime Labour Convention
China Shipping refocuses CSDC PLANS to refocus on transporting bulk commodities, crude oil and LNG
Chemical giant's losing streak grows INDONESIAN chemical tanker operator PT Berlian Laju said last night its net losses for FY2010 amounted to $154
South Korean bribery scandal erupts A HYUNDAI HI official told Fairplay today that police are investigating accusations of bribery in South Korea
Air Canada Strike Ends Air Canada and the Canadian Auto Workers reached a tentative agreement Thursday, just hours after the federal government introduced back-to-work...
Freighter Fleet to Double in 20 Years, Boeing Says The world fleet of freighters will double from 1,760 to 3,500 aircraft in the next 20 years, Boeing says in...
Regulators Ease Tough Export Control Rules The Commerce Department is giving exporters relief from tough export control regulations that many companies have decried as an outdated...
Steel Exports Fell in April U.S. steel exports declined 9.3 percent in April from March and 8.8 percent year-to-year, the Commerce Department said. ...
Retail Group Sees Imports Flat Through July Imports at the nation's largest container ports are expected to remain flat through July before picking up when the annual...
Housing Starts Advance in a Weak Market Construction of homes and apartments increased 3.5 percent in May from the previous month but was down 3.4 percent year-to-year,...
Doha to Sign Deal for Major Expansion The Port of Doha, Qatar, plans to award contracts to build the first phase of a new container complex in...
Truckers Unhappy With Pricing Model, Survey Finds Less-than-truckload carriers are broadly dissatisfied with LTL pricing models, but not at all optimistic about changing to a new method...
CN to Sell Louisiana Coal Terminal Canadian National Railway will sell "substantially all of the assets" of Illinois Central RailMarine Terminal near New Orleans to Raven...
Hanjin Changes Partners on Asia-Mideast Service Hanjin Shipping is teaming up with NYK Line to renew its Far East-Middle East Express service starting from early July....
Diana Containerships Adds Sixth Vessel to Charter Fleet Vessel operator and owner Diana Containerships on Thursday added a sixth ship to its fleet of containerships for hire. ...
APL Logistics Rolls Out 53-Foot Containers APL Logistics, looking for greater efficiency matching international and U.S. domestic transport, will deploy its own fleet of 53-foot containers...
Russia's Global Ports Readies $572 Million IPO Global Ports plans to raise up to $572 million from an initial public offering in London that would value Russia's...
World Airways leases freighter to Saudi Airlines World Airways, a subsidiary of Global Aviation Holdings Inc., has reached an agreement with Saudi Airlines Cargo to operate a Boeing 747-400 freighter on a full-time basis beginning in June 2011. Under the agreement, World will provide capacity for...
Rickmers (America) names Nagel chairman Rickmers-Linie (America) has named President and Chief Executive Jerry Nagel as chairman, the project cargo and heavy lift specialist carriers said Wednesday. Nagel has spent eight years with the line in North America. He'll be replaced as presiden...
Maersk adds Costa Rica call to Spondylus Maersk said its weekly Spondylus service will add a call in Moin, Costa Rica, in July. Maersk's sister company APM Terminals was recently awarded a concession to build a large container terminal in Moin. Effective July 1, the new rotation will be ...
NYK joins Hanjin Far East/Mideast loop Hanjin Shipping said Thursday it is switching partners on a service it operates linking the Far East and Middle East. Hanjin's FMX service, which was operated with STX PanOcean and Sinokor, will be operated with NYK Line from early July. Hanjin has...
Index rates container lines environmentally Maritime consultancy SeaIntel on Thursday published a new index ranking the world's top 20 container lines on their environmental credentials. The Container Carrier Environmental Benchmark found Maersk Line was the most environmentally sound line,...
Japanese stevedores to buy Westwood Shipping Weyerhaeuser has agreed to sell its Westwood Shipping Lines subsidiary to J-WesCo, a holding company formed by a consortium of Japanese stevedore companies. In a letter to customers issued over the weekend, Westwood President Guy C. Stephenson said...
SeaIntel's 'green' methodology
Asia logistics Kerry starts work on Xiamen logistics centerKerry Logistics has broken ground on a logistics center in Xiamen, China, the Hong Kong-based company said this week. Hitachi, Kintetsu form Japan joint ventureJapanese logistics company Hitachi Transport...
Service announcements NYK joins Hanjin Far East/Mideast loopHanjin Shipping said Thursday it is switching partners on a service it operates linking the Far East and Middle East. Hanjin's FMX service, which was operated with STX PanOcean and Sinokor, will be operated wit...
N.J. rules favor installation UPS said it has installed a 250-kilowatt rooftop solar array on its Lakewood, N.J., facility, completing a project that is expected to provide 30 percent of the building's annual energy needs. The company said the installation is the first in a se...
'Too soon' to predict impact of North American ECA Cost of scrubbers 'could be offset by higher fuel prices.'
Prices fall in key ports Good demand in Hamburg.
Bunkerworld price coverage expanded Recent additions include ports in northern Europe and on Mediterranean's North African shore.
Fuel oil traders 'may have jumped too fast' Japanese utilities in 'no rush' to buy new volumes.
Fuel oil stocks plunge in Singapore Sharpest fall since early February.
Released vessel running out of fuel Indian warship to escort vessel out of danger.
IFO prices fall in key ports Players report improved demand.
Scrubber manufacturer ready to 'ramp up production' Expecting rapid scrubber market development toward 2015; first commercial order to be delivered in August this year.
South China weekly fuel oil volume up at terminals Approximately 1.85 million mt recorded at major oil terminals in South China.
Titan to double China-based oil storage capacity Company intends to build additional 3.0 to 3.5 million m' of capacity over next few years.
US barge operator Q2 earnings hit by Mississippi floods Kirby's results still 'in the range' of Q2, 2011 earnings guidance, says company chairman and CEO.
Sinopec Zhoushan expands to offer full product range at Yantai Secures more storage for bunker business from Yantai-Titan Petrochemical Port Development Company.
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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