Iron ore pushes Baltic Index to 2-week high The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose to its highest in over two weeks on Wednesday, helped by iron ore cargo bookings to China.
HNA Group unit delays payments, citing downturn A second major Chinese shipping firm has halted payments to foreign ship owners because of the severe downturn in the freight market, further straining China's relationship within the global maritime community.
Zodiac likely buyer of 6 large ships from STX Zodiac Maritime Agencies, the shipping company founded by the late Israeli billionaire Sammy Ofer, is the likely buyer of six of the world's second-largest container vessels, according to data from Clarkson.
Korean Air delivers Beaujolais Nouveau to Korea and Japan Korean Air Cargo delivered 1,400 t of Beaujolais Nouveau to Korea and Japan in November, deploying 15 Boeing B747-400 full-freighters. The French new wine Beaujolais Nouveau is rel...
Ferry operator SeaFrance to be wound up A Parisian commercial court has ruled that ferry operator SeaFrance is to be wound up. None of the two takeover bids tabled is viable. The activities of the sole French shipping co...
Open skies between Taiwan and Japan Taiwan and Japan last week concluded an open-skies deal. This milestone in the two countries' relations, which do not have diplomatic ties, will be signed by non-government officia...
Transaero introduces Moscow-Vladivostok service The Russian carrier Transaero, which recently took delivery of its first Boeing B777-300 aircraft, is today starting a Moscow Domodedovo-Vladivostok service. Until 29 December, the...
Georgian railway project to proceed without EBRD loan Georgia's railway company is set to construct a new bypass, to re-route rail traffic away from the centre of Tbilisi, without financing from the European Bank for Reconstruction an...
Euro 5 vehicles can use Austrian motorway for another year Euro 5 vehicles' automatic exemption from a night driving ban on the Euro 5 vehicles can drive on the A12 motorway in Austria has been extended by one year. The new exemption will ...
AfDB loan to upgrade Ethiopian roads The African Development Bank (AfDB) has approved funding to upgrade a 112 km road in Ethiopia to an all-weather standard. The AfDB approved a USD 67 million loan for the Bedele-Met...
New grain crane for Dunkirk A 400 t grain gantry from Le Havre was lifted off the "Lone" with two 1,000 t cranes and placed on Dunkirk's Grande-Synthe quay recently, bringing the number of gantry cr...
J. Christopher Lytle new director of port of Long Beach The board of commissioners of the port of Long Beach unanimously named J. Christopher Lytle, the port's deputy executive director and chief operating officer, as its new executive ...
New railway line between Switzerland and France A ground-breaking ceremony for a CHF 1.6 billion rail link between Cornavin, Eaux Vives and Annemasse took place recently - one hundred years after a corresponding agreement was si...
Fiege expands cooperation with Bridgestone in Switzerland Bridgestone, the world's largest tyre manufacturer, and Fiege, a German logistics service provider, recently expanded the latter's logistics task for the former. Fiege first develo...
Ceva expands agreement with Tech Data SCM specialist Ceva Logistics has renewed a contract with the Tech Data Corporation, one of the world's largest wholesale distributors of technology products. Ceva, has worked with...
Heinz renews contract with Wincanton The logistics services provider Wincanton has extended warehousing and distribution contracts with food manufacturer H.J. Heinz until at least 2015. The contract means Wincanton wi...
Terrible results herald painful future The reporting season for the publicly listed shipping companies offers a catalogue of woe that can only mean more gloom is on the way
Wilh. Wilhelmsen boosted by emerging markets' demand for cars Analysts predict growth to continue into 2013
Japanese car carriers put their foot on the gas After the March earthquake and tsunami, industry has rebounded more quickly than anticipated
Bric economies lay foundation for growing car exports Within two decades there will be more cars in developing countries than in the OECD nations
General Maritime files for Chapter 11 Oaktree pledges$175m for majority control and banks advance $100m DIP facility
Italy takes stock as Libyan oil returns Libya's main buyer turned to Saudi Arabia for its supply, but now Eni is back to aid production
Pacific supramax trade bottoms out Europe and Black Sea see rapid rate rise on lack of tonnage
Chinese consumers offer reefer trade a cherry on the cake A surge is expected in Chinese demand for fresh fruit as the growing middle classes become more affluent
Torm's MR product tanker earnings rise above rest of fleet Danish company still faces weak product tanker market as US imports fall
Prospectus gives insight into strategic thinking Hornbeck looking towards deep and ultra deepwater sectors
Hornbeck in super-sized $242m stock offering Strong demand boosts number of shares to 8m
Hornbeck announces detailed financing plans As well as equity raising, cost to be funded via cashflow from operations and cash on-hand
Indian iron ore exports to show 40% fall after ban Closed mines could reopen in January, but trade might never return to normal levels
EXCLUSIVE: IG Group reviews armed guards terms Private maritime security contractors are not buying enough public liability cover
EXCLUSIVE: Ship financing faces stormy 2012 Banks have even more negative outlook than they did a year ago, reveals Petrofin survey
North blames claims for 5% premium rise Club follows IG group trend with increase
EXCLUSIVE: Charterer guarantees could reduce shipping risk Taking out cover at their cost may benefit medium-sized charterers as much as owners, claims Petrofin's Ted Petropoulos
US pipelines threaten VLCC trade Oil piped from midwest to US Gulf will ease reliance on Middle East but will hurt tankers
NCC lines up extra snow clearing equipment at St Petersburg terminal Boost to capacity includes a second steam generator and Hyundai front loader dump trucks
Full yards only obstacle to Golar's ordering spree With the belief that newbuilding prices will stagnate, Golar is poised for more LNG carrier orders
Shipping downturn claims two more US victims Dry bulk and ro-ro concerns suspend services
HSH Nordbank one of 10 German Landesbanks downgraded by Moody's Move due to banks, including Norddeutsche, being less likely to get government backing
Loving mining to death Indian politicians are hurting the very industry they are trying to protect
Navios claims 'solid' third-quarter despite difficult markets Drop in net income does not deflect owner from declaring healthy dividend
Panama Maritime Chamber seeks to become shipowner grouping Membership opened to all with Panama-flag vessels
Industry in favour of verifying container weight New regulation may be in place by 2013
GL oversees world's first internationally trading LNG fuelled ship Conversion of Tarbit Shipping's product tanker Bit Viking is fully certificated for worldwide trades
How the market forced GenMar's hand TODAY's Chapter 11 filing by General Maritime reveals a frantic but failed attempt to find a suitor, followed by an agreement with lenders that includes the threat of liquidation
Safety worries keep SeaFrance frozen CALAIS/Dover SeaFrance services remained today at a standstill after its court-appointed administrators cited continued safety concerns
Suez data spark warning EGYPT'S Suez Canal Authority has reported slowing revenue growth, reported IHS Global Insight, which warned today that the slump is likely to worsen
PST wins delisting approval THE SINGAPORE Stock Exchange today gave in-principle approval for the delisting of PST
US scrappers indicted OWNERS of a US breaking company have been indicted on charges of polluting a river in Virginia while scrapping a ship
Scrapping Handysize costs Courage $1.3M COURAGE Marine said today it will lose about $1.3M on the disposal of Handysize bulker MV Bravery
Ships laying Asian cable CABLE ships have started laying the 7,200km Asia Submarine Cable Express, IHS Global Insight reported today
Oz demand pushes Capesizes SPOT RATES for Capesize drybulkers are rising as activity picked up in Australia, analysts said today
Green Reefers cuts down its loses NORWAY'S Green Reefers has reduced its quarterly losses despite what it called the weakest market for a decade
US pipeline reversal to hit GoM tankers THE FLOW of a major US pipeline will be reversed, with potentially significant long-term implications for tankers serving Gulf of Mexico refineries, it was confirmed today
China-shipowner relations sour PAYMENT disputes between shipowners and Chinese companies are reportedly rising
Ship finance rescue? Don't count on it SHIPOWNERS have been warned against relying on Chinese export credit agencies for financing, a Shanghai forum heard today
North Vietnam port growing VIETNAM is turning Lach Huyen into one of its top five northern ports
Academies closure assailed WORKERS and students have attacked a Philippines agency that closed down three of its maritime academies
SeaFreight Opens Port Everglades Terminal SeaFreight Agencies opened its new 25-acre container terminal at Port Everglades, and the Caribbean carrier plans to boost its volume...
Long Beach Container Traffic Plunges 20 Percent Container volume at the Port of Long Beach plunged 20.5 percent in October, reflecting the loss of services by several...
Intermodal Container, Carload Traffic Rises Intermodal container traffic increased 2.6 percent week-to-week and 6.9 percent year-over-year in the week ending Nov. 12, according to the...
ATA Takes Driver Hours Battle to Budget Office The American Trucking Associations is taking its battle against proposed changes to truck driver work hours to the federal Office...
NOL's Ron Widdows on 'Destructive Behavior' Among Ocean Carriers (Video) Ron Widdows, senior advisor to Neptune Orient Lines, says container lines will have to reduce capacity to sustain freight rates...
Boehner, Mica Promise Quick Transport Action House Republican leaders, pledging a transportation plan of unspecified scale and unstated length, said Thursday tapping into expanded domestic energy...
Green Reefers Loss Widens as Rates Plummet Norway's Green Reefers saw its operating loss widen to $5.7 million in the third quarter from $1.7 million a year...
Four Unions Reach Agreement with Rails Major U.S. railroads have new tentative agreements with four of the 11 unions needed to avert a potential nationwide strike...
Small Potatoes? No Way About 10 days after returning from last month's TPM Asia Conference in Shenzhen, I turned around and headed back to...
A 'New Boy' Looks at Shipping Investor Wilbur Ross says the industry is fragmented, leveraged, volatile and ripe for consolidation Wilbur Ross became a billionaire...
Importing Made Simple It may be in its early stages, but simplifying Customs' maze of import regulations is on the way. The agency...
NJ Terminal Worker Pleads Guilty to Bribery A maintenance worker at Maher Terminals in Port Elizabeth, N.J., admitted his role in soliciting and accepting bribes to award...
Haney Truck Line Names Logistics Veteran CEO Veteran trucking executive Jack Gross is the new CEO of Haney Truck Line, a regional truckload and specialized carrier in...
Tony Hatch Discusses Intermodal Peak Season Forecast (Video) Anthony Hatch, transportation analyst with ABH Consulting, discusses his forecast for intermodal in the upcoming peak season and also gives...
BNSF Profit Rises 8.5 Percent Despite Traffic Decline BNSF Railway's profit rose 8.5 percent year-over-year to $766 million in the second quarter, as the railroad's revenue rose 13...
Houston Steel Tonnage Soars, Container Traffic Flat Steel shipments in October through the Port of Houston rose 49 percent year-over-year and are up 60 percent year to...
Box Rate Volatility Raises Supply Chain Costs Ocean freight rate volatility is ratcheting up global supply chain costs even when rates head downward, said a DHL Global...
Hoffa Leading Gegare, Pope in Teamsters Vote With ballots still being counted, James P. Hoffa opened a broad lead over opponents Fred Gegare and Sandy Pope Wednesday...
No room for JNP to grow Jawaharlal Nehru Port (JNP), which is the principal container gateway in India, is capped-out and cannot handle much more cargo.Statistics published for the first ...
LaHood supports GPA in quest to deepen Savannah Harbour The Georgia Ports Authority (GPA) took an encouraging step forward in its Savannah Harbour Expansion Project after US Secretary of Transportation Ray LaHood visited ...
SCI in the red India's national carrier, Shipping Corporation of India (SCI), has joined other ocean carriers in reporting losses for its latest fiscal period.In its H1 11/12 ...
Trailer Bridge files for bankruptcy US Jones Act carrier Trailer Bridge has filed for Chapter 11 bankruptcy protection - a move which it says will result in a 'revitalised company with a ...
Disappearing boxes to be a thing of the past
Container removal underway on Rena
Germanischer Lloyd claims EC close to recommending LNG The European Commission appears close to recommending that liquefied natural gas (LNG) be used by shipowners as an alternative fuel whilst operating in EU coastal ...
Heads up for next year's Global Liner Conference Containerisation International's 14th Annual Global Liner conference next year will be held in London on April 17 and 18. Readers are asked to diarise the dates ...
JFC ordered to reveal its global assets The litigation between Star Reefers and Kalistad, the vessel chartering arm of Russia's largest fruit importer JFC Group, has reached another level with a UK court ...
Maersk Oil executive makes move to O.W. Bunker Christensen has made the move from Maersk Oil Trading where he was head of its Fuel Trading Operation.
Fujairah prices mixed Enquiries were strong in Fujairah.
Bunker prices fall in Rotterdam and Hamburg Very busy in Hamburg.
EC official grilled on GHG policy for shipping Stresses that ETS is just one option under review, wants shipping industry to be involved in the process.
Ecospec to deliver closed loop scrubber system Great Lakes ship will be third to install system from company behind 'three in one' scrubber, which now also offers simpler versions tackling mainly SOx or NOx.
Calls for wider emission restriction areas in Europe MEP proposal for 0.1% sulphur limit to apply to 'all territorial waters' of EU member states up to 12 nautical miles from their coasts.
Asian IFO prices weakening Slack demand at key Asian bunker ports on Thursday.
NYK reduces bunker use to cut cost Plans to reduce costs by about $312 million for the fiscal year ending March 31, 2012, it says.
Aegean shares downgraded The company is 'in a position in which financial difficulties could develop in the future', says ratings firm.
Volatile bunker prices 'adds to uncertainty', says OOCL executive Demand for clean fuels to 'push bunker price up in the future', says Managing Director of OOCL's Hong Kong branch.
Trailer Bridge files for Chapter 11 The move is the 'quickest and most efficient way' to restructure its balance sheet, the company says.
Sinopec Zhoushan starts bunker ops in Fuzhou Deploys one bunker barge to support its bunker operations at the port.
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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