Boxship sector seen growing at slower speed Demand growth in the container shipping industry will slow in 2011 to nearly half of last year's double-digit expansion as strong consumer buying eases in emerging markets, industry specialists said.
Container vessels slow down to save on fuel Container vessels are sailing at the slowest speeds in at least two years to save on fuel costs, driving up freight rates and the shares of shipbuilders.
Baltic Index at two-year nadir on vessel build-up The Baltic Exchange's main sea freight index BADI, which tracks rates to ship dry commodities, fell to its lowest in nearly two years on Tuesday as a build up of vessels continued to weigh on larger capesizes.
Logwin expanding in Kenya and South Africa The global logistics service provider Logwin has strengthened its presence on the African continent by opening its second location in Kenya in the city of Mombasa and expanding its...
SGS boosts earnings in business year 2010 Société Générale de Surveillance (SGS), the world's leading inspection, verification, testing and certification company based in Geneva (Switzerland), boosted its profit by 3.9% to...
LG Electronics UK extends contract with Norbert Dentressangle LG Electronics UK Ltd has renewed its contract with the French logistics service provider Norbert Dentressangle (ND) for a further three years. Originally appointed by LG Elec...
Ostwind to remain a Transinvest Group product Transinvest president Werner Albrecht recently stated that the Ostwind container blocktrain will remain a Transrail product, despite media reports to the contrary. The...
Hudong-Zhonghua to build LNG carriers for MOL and Exxon Exxon Mobil Corporation (ExxonMobil) and the Japanese shipping company MOL recently announced that they have selected the Hudong-Zhonghua Shipbuilding Group (Hudong), a subsidiary ...
MOL launches new direct Vietnam to North Europe service The "MOL Precision", operated by the Japanese shipping company Mitsui O.S.K Lines (MOL), recently made its maiden call at Tan Cang-Cai Mep international terminal (TC...
Duisport share transaction: opportunity for modal shift The port authorities of Antwerp, Rotterdam and Amsterdam (ARA ports) are discussing a joint response to the proposed sale of shares in the port of Duisburg by the German central go...
Barloworld Logistics Middle East appoints new managing director Barloworld Logistics has appointed Sean Bradley as managing director - Middle East. Bradley began his career in Kuwait in 1979 and brings more than 27 years of supply chain experie...
Chinese deals keep VLCC rates level Market expected to stay 'fairly flat' due to number of available ships
Mid-sized boxships in new lay-up threat, warns MSC chairman Aponte says the arrivalof new larger tonnage could leave smaller containerships out of work
Scorpio to add second crude tanker to fleet New York Stock Exchange-listed Scorpio Tankers is set to add its second crude tanker to its fleet of 10 owned vessels, reportedly purchasing the 2009-built, 113,043 dwt aframax Southern Spirit for $51m
Aframax reported sold for $34m Egyptian Tanker Co has bought the 2001-built, 107,222 dwt aframax Opal Queen from Tsakos Energy Navigation at a reported price of $34m
Opec oil production to rise by 5m bpd Crude oil production from the Organisation of Petroleum Exporting Countries is projected to increase by 5m barrels per day over the next 20 years, reaching 40m bpd in 2030, according to international energy giant BP
Aponte open to offers from prospective port investors Container carrier MSC ready to sell up to 49% stake in its global terminal business
A unique capacity for organic growth With an existing comprehensive global network, world's second largest container line does not need to grow through acquisitions
Aponte seeks investors for MSC's terminals business Container line keen to bring in outside investors to release equity
MSC draws on family strengths to keep ahead In an exclusive interview, MSC founder Gianluigi Aponte talks about ship sizes, competition and why family-run businesses are still the best model
Euronav puts faith in suezmax time charters Strategy to move vessels from spot market to long-term time charters will pay off
Shell's Kopernicki sets March date for retirement Retirement will coincide with end of his presidency with UK Chamber of Shipping
Diana Containerships makes Nasdaq debut Stock dips $0.25 to $13.75 early in trading
Big may not be better Will boxship owners rush to place orders for 18,000 teu vessels?
Valuing the yuan A yuan revaluation could provide a body blow to Chinese exports, to the detriment of the world's major box lines
Swansea Dry Docks future secure New company to invest some £4m developing shiprepair and recycling facility
Gladstone port set to resume coal handling Expecting first shipments of Australian coal from Blackwater rail system tomorrow
Eitzen Maritime sells 1.8m shares Sale described as "repair issue"
Berlin quells shipowners' hopes over state aid $6.7bn state-backed loan to be used solely for construction of offshore windparks
Hellenic P&I club opens for ships up to 25,000 gt Mutual covered around 90 vessels for war risks in first year of business
Fredriksen makes fresh bid for Tui board seat Hopes to reach deal ahead of group's annual general meeting in February
St Petersburg stevedore group sees volumes rise Sea Port of Saint-Petersburg handled 5.2 % more freight in 2010
CSCL bullish on 2010 profits Predicts full-year profits to have increase significantly
Trada Maritime seeks $105m In talks with banks over funds to finance capital expenditure
Containerships to fit scrubber on one of its vessels Finnish shortsea operator inks contract with Wartsila to instal SOx scrubber
Brisbane port returning to normal Port still partially closed but more ships are being allowed to berth
Economic growth set to be slow but steady World Bank outlook says recovery will be moderate after bounceback of 2010, with emerging economies continuing to lead way
US-China trade talks may prove crucial for shipping prospects
Fast-growing Scorpio looks to profit from tanker trades Having more than tripled its fleet in less than a year, the New York listed tanker owner is boosting its earnings by putting ships in pools or selling them on for profit
ING leads the way in offshore lending Dutch lender involved in eight deals worth $1.5bn in 2010, representing an 11% share of the top 10 lenders
Four breakers reported killed in Bangladesh FOUR MEN were killed and another is reportedly in critical condition with burns as a result of an explosion at a Bangladeshi shipbreaking yard.
Georgians arrest ship GEORGIAN authorities today reportedly arrested a Philippines-flagged general cargo ship on pollution charges.
Charleston box volume rose by 17% during 2010 CONTAINER volumes in Charleston increased 17% year on year in 2010 because of improved shipping services and the US economic recovery.
Arch doubles Pacific plan NYSE-LISTED Arch Coal has announced a high-volume agreement with Prince Rupert's Ridley Terminal, its second major move towards West Coast exports in the past week.
Bremerhaven woos investors for offshore port BREMEN'S state government today outlined its offshore terminal proposal, targeted for opening in 2014.
Russian grain trader sued RUSSIAN grain trader RosInterAgroservis is being sued for $20M by BNP Paribas according to Moscow commercial court filings.
Kenya court extends inquiry on port figure KENYA'S High Court has reportedly extended an investigation of fraud allegations against former ports boss James Mulewa.
Two die after collision TWO DANES were killed as a result of their fishing vessel's collision with a Swedish dry cargo coastal ship in the Kattegat about midnight, Danish and Swedish news reports said.
UN arms inspectors begin Nigeria inquiry UN ARMS inspectors are reportedly in Lagos to inspect an arms cache shipped from Iran but seized at the port in October.
Samudera buys box ship SINGAPORE-listed Samudera Shipping Line said it has bought one of its chartered-in box ships for $13.6M.
Kyushu buys Indonesia LNG JAPAN'S Kyushu Electric Power reportedly said today it has agreed to buy 300,000 tonnes of LNG per year from Indonesia's Donggi-Senoro LNG for 13 years.
Russian duty cut opposed inside Kremlin A PROPOSAL from the Russian energy ministry that would cut the export duty rate for crude by about 7% is opposed by the finance ministry, a bank report said today.
Courage seeks IPO in HK HONG KONG'S drybulk carrier Courage Marine is seeking a listing in its home territory.
Euronav turns it around EURONAV, the listed Belgian VLCC and Suezmax operator, said today it had turned 2009's net losses around to profits in 2010.
Singapore seen as hub for Asian Pacific LNG ALREADY the world's bunkering hub, Singapore is also poised to benefit from shipping's shift to LNG as a cleaner source of marine fuel.
Highway Officials Take Road Needs to Social Media The American Association of State Highway and Transportation Officials is tapping into social media to build support for more funding...
Obama, Hu Stress Cooperation in U.S-China Issues President Obama and President Hu Jintao of China, opening a state visit in Washington amid growing complaints from U.S. exporters...
Zim to Launch Tampa-Mexico Service Zim American Integrated Shipping is launching a direct container service between Mexico and Tampa, the Tampa Port Authority said Wednesday....
US-China Deals Include Transportation Sales Recent deals with China linked to this week's Washington visit by Chinese President Hu Jintao will generate more than $45...
Truckload Capacity, Demand Index Drops 3.9 Percent Truckload demand is slackening in January, loosening freight capacity that tightened during the pre-holiday shipping season, according to Longbow Research. ...
Channel Tunnel Truck Traffic Surges 42 Percent Groupe Eurotunnel, the operator of the undersea rail link between the UK and France, reported truck traffic surged 42 percent...
Gabrielson, Schember to Receive Connie Awards Rick Gabrielson of Target and George Schember, vice president, corporate transportation and logistics at Cargill, will receive the first Connie...
Thailand Delays Hazmat Insurance Requirement Thailand is delaying implementation of a new insurance requirement that had sent U.S. suppliers of chemicals and other hazardous materials...
Container Ship Overcapacity to Last 12 Months, Report Says Ocean container carriers face overcapacity for at least another 12 months as the supply of new ships outpaces slowing cargo...
Seattle Containers Surged; Tacoma Struggled in 2010 The Port of Seattle had a banner year in 2010, with containerized imports increasing 46.6 percent, containerized exports up 19.3...
ABF Appeals Dismissal of YRC-Teamsters Lawsuit ABF Freight System is taking its legal challenge against concession agreements negotiated by YRC Worldwide and the Teamsters to the...
Obama Orders Review of US Regulations President Obama ordered federal agencies to come up with plans in the next four months to review regulations already on...
Alameda Corridor Slashes US Loan Request The Alameda Corridor Transportation Authority is slashing its request for a federal rail program loan to $83.7 million from an...
Hub opens Indianapolis, Milwaukee terminals Hub Group said it has opened new Comtrak intermodal terminals in Indianapolis, and Milwaukee. Hub's Comtrak Logistics subsidiary offers nationwide drayage and truckload services and now has 24 terminals. Chris Kravas, chief intermodal officer for ...
Eno Transportation Foundation names president The Eno Transportation Foundation board has appointed Joshua L. Schank to president and chief executive officer, effective Feb. 21. Schank, who succeeds Stephen Van Beek, directs the National Transportation Policy Project at the Bipartisan Policy C...
Ryder closes deal on Carmenita Leasing Ryder System has completed its previously announced acquisition of nearly all assets of leasing and rental business Carmenita Leasing, based in Santa Fe Springs, Calif.The acquisition is expected to be accretive to earnings in 2011 and will operate...
U.S.-flag Great Lakes '10 cargo up 33.4% The Lake Carriers' Association reported that U.S.-flag freighters plying the Great Lakes carried 88.7 million tons of dry bulk cargo in 2010, a 33.4 percent increase over 2009. However, these shipments were off nearly 10 percent from the industry's...
Connie Awards to Gabrielson, Schember The Containerization & Intermodal Institute said it will present its Connie Award to Rick Gabrielson, director of international transportation for Target Corp., and George Schember, vice president of corporate transportation and logistics for Cargi...
Nordana Med service to call Savannah Nordana said its U.S./Mediterranean service will begin making direct calls to the Port of Savannah. "Customer feedback has indicated that regular calls at the Port of Savannah will provide a valuable addition to the market we serve," said Bob Chick...
ABS shuffles European management Classification society ABS has appointed Todd Grove to chief technology officer in an effort to strategically align technology resources and rule development initiatives among its operating divisions. He will report to ABS President and Chief Oper...
GAO: Risk from ship jumpers could be reduced The U.S. Government Accountability Office said protection from foreign merchant seamen who might jump ship and enter the U.S. illegally could be improved.In a report , GAO said there is a discrepancy between records kept by the Coast Guard and Cus...
Paris MoU finds some tankers threaten environment Preliminary results from the Paris Memorandum of Understanding on Port State Control Concentrated Inspection Campaign (CIC) on Tanker Damage Stability, carried out from Sept. 1 to Nov. 30, found 173 tankers, or 16.2 percent of the fleet, threaten t...
Containerships to install scrubber Containerships Ltd Oy has signed a turnkey contract with Wärtsilä about retrofit of a W'rtsil' fresh water scrubber for the container vessel Containerships VII. This is Wärtsilä's first commercial marine
Nordane sells tugs to Canada and Germany Nordane Shipping in Svendborg has sold two of their tugs to foreign buyers and thereby reduced the number of laid up units. Stevns Icecap which has been lying at Svendborg
Two died in a collision with Swedish coaster Two Danish fishermen died after a collision with the Swedish coaster Vinga in Kattegat on a position near Gren'. Vinga hit the boat manned by two fishermen at midnight last
GRM hikes 2011 oil price forecast Predicts steady upward creep for crude and trading hub oil product prices throughout 2011 and 2012.
Fujairah prices rise In Durban, deliveries for distillates available from January 20-29.
Rotterdam market firms Some suppliers 'fully booked'.
Slow steaming could jeopardise meat exports New Zealand's frozen-lamb exporters would 'struggle to survive' if journey times to Europe were increased.
Tanker operators stick with 'slow steaming' Savings in fuel consumption will 'improve the average daily time charter equivalent rates.
Ship operator retrofits 'scrubbing system' Fresh water scrubber technology 'meets environmental and commercial requirements,' says operator.
Asian bunker prices continue to climb mid-week 'Average' demand in key Asian bunker ports, says traders.
Study predicts 200 LNG bunker operations in SEA by 2020 Container feeders or passenger ferries may be the first to use LNG as fuel in Southeast Asia, says DNV.
DNV partners with Drydocks World on LNG use Agreement to target future conversions of vessels powered by conventional fuels to LNG.
Japan bonded bunker sales rise 8% in November 'Healthy' bunker fuel demand in November due to lack of spot offers in South Korea, traders say.
Chinese domestic bunker supplier acquires vessels Qinhuangdao Haixing Marine Bunker Supply to launch two 590 dwt bunker barges in April.
DNV unveils remaining stakeholders in LNG study Oil majors, shipping companies, ship builder, gas supplier and Singapore port authority involved in feasibility study.
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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