Mongolia set to tap NKorea ports Mongolia sees the ports of North Korea as gateways through which it can ship its mineral resources, taking advantage of 'very good relations' between the two countries, Prime Minister Sukhbaatar Batbold said.
Hitachi Transport System establishes JV with Kintetsu World Express Hitachi Transport System (HTS) made a joint venture agreement with Kintetsu World Express Ltd. in May. The joint venture is called "Project Cargo Japan, Inc." and will be formally ...
Hoyer works with Telene S.A.S. Telene S.A.S., the France based supplier of specialty DCPD (dicyclopentadiene) formulated resins, concluded a five-year contract with the Hamburg based logistics service provider H...
New UPS Service for returning high-value products UPS recently unveiled "UPS Returns Exchange", a combined delivery and pick-up service that gives businesses more control over their reverse logistics for high priority products. Th...
Dry bulk rates remain steady as tankers rally Capesize freight rates could rally further next week, with expectations of more cargoes tightening up supply in the Atlantic
Chinese oil usage fires tanker demand Increasing crude oil and oil products demand will continue to aid a recovery in tanker demand
Tanker market poised for balance as ordering falls Improved medium-term outlook supported by high levels of demand for oil and oil products in emerging economies
Transatlantic rates firm as fronthaul activity set to remain subdued Conditions are in place for a further rally as Atlantic supply tightens on lack of Pacific ballasters
Stagnant suezmax market set to continue Long tonnage list caps rates gains
Dry bulk vessel demand to break 500m dwt in 2011 Significant rates gains capped by huge supply growth that has seen capesizes increasingly slow steam
US sees shift in chassis supply by box carriers As lines stop providing transport for inland movement of containers, alternative systems may have to be considered
Rising hi-tech demand in Asia-Pacific to hit supply chains Key countries emerging as the 'ones to watch' for hi-tech manufacturing
Putin backs Black Sea mega port project Taman planned to have a total 66.5m tonne annual capacity by 2020
Turkish yards at a crossroads Shipbuilders will have to rely on reputation for quality to negotiate a tough market
Can Turkey remain the leading shipbuilder in Europe? Fewer competitors provide Turkish yards with the opening they need to rebuild orderbooks
Shipping needs a boardroom clean-up The Eagle Bulk shareholder's lawsuit raises questions of corporate governance that could be a tipping point in companies' future conduct
When R&D stands for research and doubt Europe's manufacturers could be excused for getting a bit exasperated at the moment. They do not know exactly where to focus their development cash
Cyprus readies law on armed guards Could become first EU country to legislate for guards to open fire under strict conditions
Shipping brief passed to Chrysohoidis in Greek reshuffle 'Disappointment' for shipping as pleas for return to traditional ministry go unheeded
Hanjin confirms $845m boxship order Five 13,000 teu vessels originally destined for chartering to shipping line
Eagle Bulk shares shorted on Wall Street Nasdaq-listed dry bulk owner currently facing investor lawsuit sees 24% of stock out on loan
Doubts emerge over EEDI success As the IMO awaits adoption of the measures by the MEPC, questions arise over their true effectiveness
Lines pull Asia-Europe loop as rates slide and losses mount Other withdrawals expected to follow as return of ship lay-ups looks distinctly possible
Navios Acquisition picks up MR2 pair for $84.8m Price reflects strong cash flow from three years' employment attached to 50,000 dwt product tankers
Hansa chief highlights fall in newbuildings for tramp owners Hermann Ebel forecasts slow revival in KG market despite increased investor demand
US container imports hit by low consumer spending As report reveals slow growth at major hubs, dramatic rise predicted for autumn
Container lines destroying their 'two aces' by chasing lower rates Fundamental market trends being ignored as capacity grows rapidly, says Marsoft partner
China concern over Malacca transit shipment reliance IEA paper highlights Chinese concerns about relying on shipments transiting the Malacca Strait
How will shipping cash in on the 'Golden Age' of gas? Recent reports have highlighted the movement of cargoes to meet the industry's expected boom in demand
Short term: how high is high for time charter rates? In recent months, the gas sector has benefited from the short term trade disruptions, most notably incremental demand into Japan
Seafarers take a stand Faced with the threat of being taken hostage, many also fear retribution from seeking legal advice, a poll reveals
A matter of trust Shipping needs to salvage its damaged reputation among public investors in the US
Frangou ups tanker bet ANGELIKI Frangou's Navios confirmed two more tanker acquisitions today, continuing the group's push into the wet sector over the past year
Pluto start again delayed OPERATOR Woodside Petroleum said today LNG cargoes would not be shipped from the Pluto scheme in Western Australia until March 2012 - six months later than last scheduled
Diana losing its lustre SIMEON Palios-led Diana Shipping lost another booster today as Credit Suisse analyst Gregory Lewis withdrew his support
US sentences engineer GREEK citizen Dimitrios Grifakis was sentenced to six months in prison for obstructing a 'magic pipe' inquiry involving a bulker controlled by the Economou family
Traffic hits Thai sugar exports SEVERE congestion at Thai ports is delaying exports, especially sugar shipments, Fairplay was told today
A&P evacuated and closed A MAJOR FIRE has started at A&P Group's Falmouth repair yard in southwest England, forcing authorities to evacuate nearby residents and close roads around the site
Lakes ballast rules work BALLAST flushing rules are keeping aquatic nuisance species out of the Great Lakes, a study has confirmed
VLCCs depend on 'who is more desperate' SAUDI Arabia's raised crude output has boosted VLCC rates this month, but brokers told Fairplay today the influx of newbuildings means that charterers still have the upper hand
LSC reduces losses LATVIAN Shipping Co reduced its net losses by 70% year on year to $3.15M in 1Q11, as costs fell
Hansa Treuhand declares 'crisis is over' HAMBURG box shipowner Hermann Ebel says the "crisis is over" for his group Hansa Treuhand following the recovery of charter rates and cash injections from KG investors
NYK signs LNG deal JAPAN's NYK Line told Fairplay today it has signed a four-year deal to carry LNG for France's GDF Suez
Singamas sees profit jump TEO SIONG Seng's Hong Kong-listed container maker Singamas said today predicted higher year-on-year profits for 1H2011
Charterers exploit Capesize recovery CAPESIZE brokers told Fairplay today that recovering by surprise this week, charterers are pushing for lower rates for next month's voyages
China's iron ore imports might fall CHINA could import less iron ore this month, after domestic production reached a record in May, according to Barclays Capital
LR1, LR2, MR rates under pressure FREIGHT rates to carry clean products to the East are continuing to slide because of high stockpiles in Japan and lower demand in Taiwan
Intermodal Traffic Hits 2011 High Major North American railroads, shaking off the doldrums that slowed freight traffic during the spring, had their largest intermodal volume...
Surcharge, Freight Rate Updates for June 13-17 Maersk Line will implement a peak-season surcharge for cargo shipped from India to the United States, Guam and Canada. The...
Largest U.S. Railroads Slowed Job Growth in May Despite a slowed freight sector and a weakened economy this spring, the largest freight railroads added 745 workers to their...
Is Recovery Built to Last? Cautious optimism is turning into genuine belief as the industrial real estate sector finds itself in a long-awaited recovery mode....
No Shelf Life for Taxes With the retailing sector already in the midst of a shaky recovery, the seismic shift to online sales is changing...
AASHTO's Horsley on Transportation Bill Outlook AASHTO's Horsley speaks just after telling the Transportation Research Forum in Washington, D.C., that a House committee could unveil a...
Li & Fung Builds Domestic China Network Hong Kong-based Li & Fung says it is restructuring its distribution network in China to meet the fast-growing demand for...
Maersk Sees Rapid Asia-Africa Trade Growth Maersk Line is forecasting double-digit growth for its Asian shipments of palm oil, sugar and rice to Africa this year...
Hanjin Suspends Asia-Europe Loop, Orders Five Ships Even as it announced plans to order five big new containerships, Hanjin Shipping said it will suspend its Asia-Europe NE5...
International Cargo Jumps 12 Percent at ANA International air cargo increased 12.0 percent to 44,182 at All Nippon Airways, the 20th consecutive month of growth for Japan's...
UK Bans UPS Cargo Screening at Selected Sites The UK ordered UPS, the U.S. parcel delivery company, to stop screening shipments at some of its facilities in Britain...
Shippers, Carriers Temper Peak-Season Expectations Some shippers and port executives in Southern California, assessing trans-Pacific shipping prospects at the start of the peak season, say they believe cargo volume...
Changing Times Glance around the business world and you'll see any number of industries making enormous strides in improving products and enriching...
Finding the Shipper of Record Q: Our company provides training services for individuals. For this training, we provide course material consisting of textbooks and other...
Carrying Costs If the annual Council of Supply Chain Management Professionals' State of Logistics report was entirely about the numbers, U.S. shippers...
Maersk Sets India-U.S. Peak Season Surcharge Maersk Line in July will implement a peak-season surcharge for cargo shipped from India to the U.S., Guam and Canada. The...
Highway Industry Official Expects Transport Bills in July The head of the trade group representing state transportation departments said he expects key committees in Congress to approve legislation...
Sovcomflot in LNG deal Oil company cements tie-up with Moscow shipbuilding and shipping giants on building gas carriers in Russian yards.
Hanjin in $850m box blitz South Korean heavyweight proves size matters with order for five containerships at $170m a piece.
Hoegh wins FLNG gig Sveinung Stohle-led company chosen to provide floating storage and regas unit for Indonesian LNG import project.
Baltija bowing out Lithuanian shipyard posts bigger 2010 profit as owner BLRT winds down shipbuilding.
Navios hits tanker double Angeliki Frangou-led tanker owner splashes out $85m on MR2 product tanker duo from Turkey's Geden.
Show me the money Somali pirates and Korean shipyards are raking it in in this week's news in numbers. But life is less rosy for seafarers and Japanese yards.
Plains sailing for LA Company behind new California oil terminal reckons it will be up and running in 2014 if it gets refiners' commitments, with Brazil, Russia and Canada among potential sources.
Metaphor malarkey Is booking a Wan Hai ship like making love to a beautiful woman, and is the industry really killing children?
Report: Retail container port traffic flattens Import cargo volume at the nation's major retail container ports is expected to remain at about the same levels as last year through July before increasing later this summer, according to the monthly Global Port Tracker report released Thursday by ...
U.S. Commerce loosens export control rules The U.S. Commerce Department on Thursday published a new regulation as part of the Obama administration's comprehensive export control reform initiative that eliminates the need for companies to obtain export licenses for certain categories of ite...
CN sells New Orleans terminal Canadian National Railway said it has agreed to sell a coal terminal in New Orleans. The company said it intends to sell all assets of IC RailMarine Terminal Co. to the Cline Group and Raven Energy, an affiliate of Foresight Energy. The terminal i...
Nikkhoo to head Horizon Lines Hawaii operations Horizon Lines has named Ali Behruz Nikkhoo as vice president and general manager for Hawaii. He will oversee the ocean carrier's weekly transportation services between the U.S. mainland and the Hawaiian Islands. He will be based in Honolulu. He su...
Engineer sentenced to six months in prison The U.S. Justice Department said the chief engineer of a tanker was sentenced to six months in prison for obstructing an investigation into the illegal overboard discharge of oily waste. Dimitrios Grifakis, 57, of Kallithea, Greece, was sentenced ...
Thawing Cold War regulatory regime
Washington Notebook
Funds too late for Mississippi's current plight The U.S. House of Representatives Appropriations Committee on Wednesday approved a bill providing $30.6 billion for fiscal 2012 for the Army Corps of Engineers, Energy Department and Interior Department water programs. But an advocate for maritime ...
Risler Bunkering closed for holiday Company and its employees will be celebrating 'National Flag Day.'
Week ends with softening prices Crude futures settle lower on concerns over reduced economic growth and low fuel demand.
Fire at Falmouth dock does not disrupt supply Cornwall Fire and Rescue Service stated that six pumps were attending the incident, along with a number of specialist support vehicles and an aerial ladder platform.
Pemex struggling to contain fuel theft President Felipe Calderon has also come out and urged Congress to pass tougher laws that would raise the penalties for fuel theft.
Fujairah market weakens Lots of enquires in the market.
Markets soften across Europe Very busy in Piraeus.
EU states reminded to implement criminal sanction rules Many states have failed to transpose EU rules laying down criminal penalties against sea pollution and other environmental offences into national law.
Investor identified for Asia Petroleum Hub Negotiations underway to fully finance completion of Malaysian petroleum hub and bunkering facility.
New barge for Pakistan supplier Fleet grows to four after latest addition.
ARA players looking to shorten credit terms after difficult year Limiting credit a 'genuine trend to return to a genuine viable business environment'.
Asian bunker prices falling as week closes South Korean bunker prices strong on Friday due to very tight avails.
'Aggressive selling' of bunker fuels in Colombo To 'create ullage' for imported bunker cargoes.
Dan-Bunkering welcomes new staff New accountant/sales supporter joins Dan-Bunkering's Monaco office.
Bunkers-only calls to Kochi get 50% off port charges Port dues, berth hire and pilotage charges subject to 50% discount at Kochi.
Statoil Fuel & Retail sells marine segment Agreement in line with Malik Supply's strategy to become 'preferred partner within bunkers and lubricants to the marine industry.'
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
