Talks on piracy begin amid record attacks Shipping industry leaders, foreign ministers and independent experts meet in Dubai today for talks on maritime piracy, as attacks hit record numbers despite international naval efforts.
Nato mulls secure shipping lane to Libya NATO is considering creating a sea corridor backed by naval vessels to enable merchant ships to boost trade with Libyan rebels and speed up humanitarian aid.
USA: Heckmann buys 200 LNG trucks Heckmann Water Resources (HWR) has issued a purchase order for 200 Peterbilt 367 liquefied natural gas (LNG) trucks incorporating Westport Heavy Duty Systems (Westport HD), from We...
GMG Airlines stops Abu Dhabi flights and increases Dubai service The Bangladeshi private carrier GMG Airlines has terminated its twice-weekly Dhaka ' Abu Dhabi service. Instead the airline is boosting the Dhaka ' Dubai link from four to six week...
Airport City to commence at Manchester Airport in 2012 Following the British chancellor's introduction of 21 new enterprise zones to stimulate economic growth and employment, the British Government announced that Manchester Airport wou...
VTG shopping in Italy VTG, a Hamburg (Germany)-based wagon lessor and rail logistics company, has acquired the railcar fleet (comprising about 300 wagons) from its Italian competitor Sogerent, a transac...
Marco Polo: 32 new projects due to receive EUR 57 million The EU has announced that 32 new Marco Polo projects are set to receive a share of the EUR 57 million funds earmarked under the 2010 call for proposals. Within their project l...
Volga-Dnepr joins with Ulyanovsk State University to develop electronic safety management system Russia's Volga-Dnepr Airlines has joined forces with Ulyanovsk State University on a project to develop an electronic system to support the prevention of air accidents. The project...
Fiat scoops up more Chrysler shares The Italian car maker Fiat has increased its shareholding in its US partner Chrysler from 25 to 30%. Fiat's share purchase is part of the agreement between the Italian car manufact...
UK: Low carbon future mapped published The UK Automotive Council has published a long-term strategy aimed at helping manufacturers of commercial vehicles and construction equipment move to low-carbon solutions. The road...
Watco: successful start-up of Alabama's Autauga Northern Railroad Watco Transportation Services has announced the successful start-up of the Autauga Northern Railroad (AUT). In an agreement signed between Watco and Norfolk Southern (NS), Watco ho...
Damco appoints new global head of marketing Damco, one of the world's leading third party logistics providers, recently appointed Christian Bech Hoengaard as global head of marketing at Damco International, with effect from ...
APM Terminals sees inland opportunities ahead Referencing a recent study by the McKinsey Global Institute (MGI), APM Terminals recently pointed out in press release that within the next 15 years 250 million new households coul...
Geis Group phases in new multi-user logistics centre The Germany-based international logistics company Geis, together with Siemens Enterprise Communications (SEN), recently inaugurated an ultra modern, international logistics and tec...
Logwin: regional forwarding for General Motors Manufacturing Poland The global logistics service provider Logwin, based in Luxembourg, and car maker General Motors Manufacturing Poland (GMMP) are to continue their long-established cooperation....
Raben Ukraine wins Electrolux tender Raben Ukraine, the Ukrainian subsidiary of the international transportation and logistics company Raben Group, has been landed a three-year contract from Electrolux. This will open...
Germany: maritime shipping grew by 5% and more than 10% more boxes lifted in 2010 Preliminary information provided by Germany's Federal Statistical Office (Destatis) showed that the country's ports handled 5% more maritime traffic and over 10% more containers in...
Maersk Line welcomes low sulphur fuel partnership in Singapore Maersk Line is to actively participate in the Maritime Singapore Green Initiative by committing to switching to low-sulphur fuel in Singapore. The announced fuel switch backs up th...
Chemical fleet growth flatlines by 2013 Eitzen predicts newbuild halt and scrapping will generate a recovery
Higher demand from Asia fails to lift capesize rates Iron ore in the doldrums around the $7.50 level despite flurry of Western Australia fixtures
Suezmax rates to stay flat despite fixing boost ahead of Easter
FIS boosts US presence Freight Investor Services has expanded further into the US market by recruiting two brokers in St Louis, Missouri, to support growing interest in steel, scrap and iron ore swap contract
Golar LNG linked to HHI slots Analysts and brokers are reporting rumours that Golar LNG is looking at two newbuilding slots at Hyundai Heavy Industries in South Korea
Bulker draws 14 potential buyers Rumous are circulating the sale and purchase market that a Japanese-controlled handymax bulk carrier has been inspected by up to 14 potential buyers in Chin
Bite the bullet over firearms If armed guards are going to be part of the long-term response to piracy, clear guidelines, reasonable rules and a common sense approach from authorities are needed
South African arms ban a threat to anti-piracy efforts Police warn they will prosecute if guns are brought in on port calls even on ships sailing off Somalia
Box warning signs What has happened to all those lessons carriers claimed to have learned during 2009 crash?
Age of ships at auction falling as arrests grow Average age of vessels is 18 years
Tanker slump eats into Sovcomflot income Owner's bottom line down 11% to $164.3m in 2010 from $185.3m in 2009
Box and liquid bulk boost Antwerp volumes First quarter throughput up 12.7%
WEC Lines links Antwerp with Gijon and Bilbao New service will deploy 868 teu containership WEC van Eyck
Green technology financing set to pick up Banks expected to work on schemes that consider sustainability of newbuildings in finance arrangements
CMA CGM ups bond issue to $945m French line expects to raise almost 20% more than originally targetted
Korea Line may seek to extend Chapter 15 order Company in bid to protect its ships from being arrested in foreign jurisdictions
Eitzen Chemical completes $55m private placement Goes ahead with share issue as markets show signs of recovery
Maersk eyes salmon transport trade New service in pipeline to ship fresh salmon from Europe to North America
Slow growth for US LNG exports Infrastructure hurdles put plans to ship surplus shale gas as LNG on the back burner
Golar spin-off to unlock value for investors Golar LNG Partners has raised $270m to acquire two floating storage and regasification units and two LNG carriers
Chinese gas demand set for further surge in next decade China's dependence on imported energy might reach 80% by 2020
Smaller operators to benefit It is inappropriate to question the accuracy of the Shanghai Containerised Freight Index just to protest about freight derivatives
Forum would help to build trust A new forum for container shipping would bring together the views from a range of stakeholders in the market
Container industry on the hunt for trusted rate indices Despite resistance to container freight derivatives, lines acknowledge the need for a price benchmark that can be used to adjust rates in line with market fluctuations
China State Shipbuilding posts $394m profit Increase of 4.3% on the previous year
Unions seek assurances for CalMac employees Terms and conditions must be protected if Gourock-Dunoon service is transfered to new operator
Mixed support for global containership forum
Service contracts: weakest link in the chain? How to draft a legally sound and balanced service contract between a container line and shipper has become the hot topic on both sides of the Atlantic
Singapore first quarter box traffic up 2% Throughput reaches 7m teu in first three months of 2011
Algoma seals ULG deal CANADA's Competition Bureau has approved Algoma Central's acquisition of the fleet of Upper Lakes Group, Algoma president Greg Wight confirmed today
TSA absent on TWIC KEY FIGURES from the US body behind the TWIC seafarer ID scheme have refused to appear before a House committee to answer questions about problems with the project
Jealous tug pilot gets probation A US TUG pilot has been sentenced to three years' probation for abandoning his command on a vessel before it collided with a ship, causing an oil spill
Eitzen share deal is targeting $55M EITZEN Chemical said today it plans to raise $55M through a private placement of shares
GE sells three VLCC newbuildings INDIA'S GE Shipping has sold three VLCC newbuildings under construction at Hyundai HI to an unnamed buyer, thought to be AP Møller-Maersk, according to Oslo's Arctic Securities
STX predicts Handysize rate rise SOUTH Korea's STX Pan Ocean has reportedly indicated that it expects Handysize rates to advance as Japan imports more building materials following its quake crisis
WTSA issues wish list WTSA members have published a list of issues the box groups want considered in service contract talks
Steady Aframaxes seen AFRAMAX rates on Asian routes this week have stayed steady on ample tonnage and rising bunker costs
Japan's demand elevates oil rates RISING demand for refined oil in Japan is boosting product tanker rates in Asia
ONE stock fading fast SHARES in Omega Navigation Enterprises fell sharply for a second day following its admission that debt has yet to be restructured
Senate Confirms 18 Long-awaited Nominations The Senate on Thursday confirmed three candidates for two federal transportation boards, breaking a logjam of unconfirmed appointments, some of...
Lawmakers Introduce Harbor Maintenance Tax Exemption Legislation to exempt domestic shipping from the Harbor Maintenance Tax made its debut on Thursday in the 112th Congress. The...
US Steel Exports Slipped in February U.S. steel exports fell 10.2 percent in February from January, mostly due to poor weather conditions and a shorter month,...
Lawmakers Investigate Biometric ID Failures Transportation Security officials were no-shows at a hearing Thursday on transportation worker credentialing, but Rep. John Mica, R-Fla., chairman of...
MSC to Hike Far East Rates in May Mediterranean Shipping Company plans to apply a general rate increase on the Far East-Asia-Indian subcontinent trade lane as well as...
Grain Exporters See 'Bleak' Trade Talks Prospects U.S. grain exporters are showing increased concern that the latest round of trade negotiations under the World Trade Organization may...
Antwerp Container Volume Hits Record First-quarter container throughput at the port of Antwerp climbed 7.9 percent from the same quarter last year, as its terminal...
Two Seamen Killed in Collision on German Canal Two seamen were knocked overboard and drowned on Thursday when the UK-flag container ship OOCL Finland collided with the Russian-flag...
Draft Plans It may turn out there is a raw political gambit lurking behind the objections South Carolina has raised to the...
License to Bill? Q: We're a public warehouse operator. As part of our service to our customers, we often set up motor carrier...
Trucking's Kick Start Increased inventory restocking and improving industrial output helped the U.S. trucking industry halt and then reverse a steep decline in...
Past Regulation Deregulation is turning into the topic of the season in international shipping, if comments from senior industry executives are any...
OOCL Scanning Ships, Crews Before Tokyo Departures OOCL said it is scanning all vessels it owns or charters for radiation before they depart from the Kanto ports...
Carriers Suggest Trans-Pacific Contract Guidelines The Westbound Transpacific Stabilization Agreement, a discussion group of 10 ocean carriers in the trade, published the checklist in order...
California Treasurer Warns on Infrastructure Funding California Treasurer Bill Lockyer warned maritime interests that funding for transportation infrastructure projects could fall victim to the budget impasse...
Greek Carrier Pleads Guilty to Oil Pollution A Greek shipping company and three others agreed to a $1 million penalty and banishment from U.S. waters for five...
GMA scraps sisters Greek tanker owner cuts fleet in half following $8m demolition deal with cash buyers.
BLT computers crash Computer crash forces Indonesian tanker giant to postpone release of full-year financials.
IMS narrows loss Mortis Skaugen-led tanker group falls short in the first as it chases prospects East of the Suez.
IMS stung by 'frozen' ship Norwegian tanker owner fights to secure delivery of 'wintergas' vessel caught up in fraud case.
Sevan pockets IPO cash Jan Erik Tveteraas joins hungry institutional investors in feasting on $350m worth of Sevan Drilling shares.
Eni takes SBM FPSO Dutch floating production specialist on the fringe of securing 12-year contract off Angola.
Antwerp beats cargo record Belgian port's oil and container volumes surge in first quarter.
Human error blamed Report recommends masters of both MSC Chitra and Khalijia be temporarily suspended.
SCF profit slides Russian tanker owner's 2010 earnings fell in what it called the weakest freight market in the last decade.
Cido chief in tax probe The fiscal affairs of Korean owner Hyuk Kwon are under the microscope.
Japan detentions drop Smaller list of defective cargoships during March following devastating earthquake and tsunami.
New5 in Numb3rs Dry bulk chiefs in the money, as market prepares to put a value on Glencore and V Ships, while a US shipowner contemplates a future without ships.
Ferry jinx strikes again Cargoship trying to transport passenger vessels to Mauritius detained in Ireland a week after accident.
Manslaughter probe for Condor French police reveal seriousness of investigation into death of fisherman in collision with ferry.
Dockwise sells Explorer Sale completes the phase out of cargoships begun in 2009.
CSSC in the money Shanghai-listed unit of state shipbuilding group saw profit and revenue increase in 2010.
Cochin gets SCI double Shipyard will construct two 3,500-teu box vessels for state owner, the first such ships to be built in India.
Bunny invasion Cargill gets cuddly, while J Lauritzen's Torben Janholt cries foul over KLC's charter deals.
FIATA: 'Level playing field' for foreign NVOs The International Federation of Freight Forwarders Associations (FIATA) is demanding that foreign non-vessel-operating common carriers under the U.S. Federal Maritime Commission rules be allowed to enter into negotiated rate arrangements (NRAs) wi...
U.S., industry hold Egypt trade forum The U.S. government, U.S.-Egypt Business Council, and U.S. Chamber of Commerce will host an international trade forum in Washington on June 27-28. The U.S. Trade and Development Agency will sponsor a 48-person delegation from the Egyptian public a...
GAC, Ultramar handle South America oil and gas GAC Energy & Marine Services (GEMS) and Ultramar Logistics (U-LOG) will jointly offer logistics services to the oil and gas and mining sectors.This collaboration expands the existing GAC agreement with Ultramar Logistics to include GEMS to provide ...
BSA lines reduce bunker surcharge increase Members of the Florida-Bahamas Shipowners & Operators Association announced the reduction of a bunker surcharge increase which had been scheduled for April 17.The increase of $75 per TEU is now reduced to $50 per TEU. The previously announced incre...
CSA postpones bunker surcharge increase again Members of the Caribbean Shipowners Association announced another postponement of bunker surcharge increase that had been scheduled for Sunday, April 17.The increase of $30 per TEU is now scheduled for implementation on April 24.Bunker surcharges a...
WTSA issues shipper-influenced contract pointers Member container lines in the Westbound Transpacific Stabilization Agreement (WTSA) on Thursday published a checklist of recommended issues to consider during service contract negotiations with shippers, based on input from WTSA's Shipper Advisory...
Box Ships raises $132 million The containership owner Box Ships, a spinoff from the Athens-based dry bulk company Paragon, raised $132 million from an initial public offering of stock on Thursday.The shares were priced at $12 per share, $4 per share less than the $16 midpoint e...
Grand China launches transpacific service Grand China Shipping will launch a transpacific service in April. The company's SPX service will call Hong Kong, Shenzhen, Ningbo, Shanghai, and Long Beach with a 12-day transit from Shanghai to Long Beach. The weekly service will use five ships o...
Hyundai joins two Asia-USEC services Hyundai Merchant Marine said Thursday it is joining a CKYH Alliance Asia-U.S. East Coast service as a slot buyer, while also participating in a Grand Alliance-Zim all-water transpacific service. Hyundai is joining CKYH's AWE-5 service, which the ...
U.S., French Customs compare notes Jérôme Fournel, France's Customs and Excise General Director, met with U.S. Customs and Border Protection officials in Washington on Tuesday to discuss bilateral cooperation on border and supply chain security. The French delegation was also sched...
Efficiency technology receives more orders Hamburg S'd announced that it will be installing the technology on all of its post-Panamax container vessels by the end of October this year.
Bunker prices mostly down Crude futures settled higher on reports of encouraging US data.
Bunker prices soften in Fujairah Other markets across the region more mixed.
Bunker prices see little movement 'Very good demand' for products in Hamburg.
Survey: 44% report 'serious' off-specs deliveries DNVPS survey looks at bunker fuel buyers' problems with regards to quality, quantity and availability in the past year.
Gasnor exits LNG bunkering venture at Swedish port LNG project will still push through with G'teborg Energi solely taking over the project's assets.
Week ends with bunker prices largely down Amid sufficient supplies at most key Asian ports on Friday.
Waste heat recovery technology makes 'good sense' Up to 10% improvement in fuel efficiency can be expected from using the system on ships, said Maersk Maritime Technology head.
Brightoil constructs oil storage facility at Dalian Facility to have 4-5 million cm' of oil product storage capacity when phase one of construction is completed in 2012.
Lukoil commences bunkering at Russian port Lukoil-Bunker performed first bunkering at Volgograd on April 9.
Ecospec ties-up with Sembcorp yard Sign Memorandum of Agreement (MOA) to provide 'innovative and effective green solutions' to shipowners.
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