Biggest Iran tanker operator falls victim to EU sanctions Iran's biggest crude oil tanker operator, NITC, has said that its ship insurers had declined to renew policy cover for the coming year due to the impact of tightening sanctions in the European Union. Western nations suspect that Iran is seeking to develop a nuclear bomb although Teheran says that its atomic programme is peaceful.
Two new directors for KLM Camiel Eurlings and Erik Varwijk are set to join KLM president and CEO Peter Hartman and CFO Frédéric Gagey on the statutory managing board of KLM Royal Dutch Airlines on 1 July 20...
Teras Cargo and BBC Chartering form US joint venture Teras Cargo Transport (America) and Germany's BBC Chartering & Logistic have created a new joint venture, Teras BBC Chartering Houston, based in Houston TX (USA). The companies...
NYK with new Hamburg-New York sprint service The Japanese container shipping firm NYK Line is adding another weekly sailing between Hamburg and New York on 13 March, in the framework of its resumed Atlantic Express Shuttle (A...
Canal transit tolls too high for larger tankers Expansion in 2014 could leave 'little monetary incentive' for tankers to transit the Panama Canal if tolls are set too high
Suezmax West Africa-US Atlantic rates gain about to peak This week's rates gain on the suezmax benchmark route between West Africa to US Atlantic coast that saw time charter equivalent earnings double to around $20,000 per day may be about to peak
China's return to work fails to halt slide in spot rates Container spot freight rates on the world's busiest trading lanes are set to fall further this week, in a delayed response the Chinese New Year holidays that closed factories in China earlier this month
Iron ore rates march up the hill and down again to $6.72 Bunker fuel costs, lack of coal cargoes and excess tonnage combine to stifle rally
Investment in pipelines to cut Malacca Strait share of China's oil imports China's investment in Asian transnational oil pipelines will reduce the country's reliance on oil imports shipped through the Strait of Malacca by 23% by 2015, according to the International Energy Agency
US points to 'marriages of convenience' for pirates and terrorists US State Department has drawn links between al-Qaeda-linked terrorists and Somalian pirates
Singapore unveils further tax incentives Island state to encourage shipbuilding and repair
IMO advocates central anti-piracy command High-level meeting in London to consider unified UN command structure
Who are the pirates? In Somalia the pirates were, initially, fishermen who were seeking to frighten off foreign fishermen raiding their precious fish stocks
Piracy fight stuck in a legal minefield The complexities of international law remain a barrier to the apprehension and prosecution of pirates
FMC takes steps to relax shipping rules Move to lift red tape may save each NVOCC up to $200,000 per year
Analysts divided over deal's strategic implications It remains unclear whether the Ensco/Pride deal is the start of a merger wave
Rig values indicate high bid premium A detailed analysis of the Ensco/Pride merger comes from Egle Domataite, oil service analyst at Terra Markets in Oslo
Driller merger sparks talk of new wave of consolidation Two deals last week came as no surprise: at the high end Pride International was swallowed up by Ensco, while at the low end Seahawk sold out to Hercules
Golden Ocean upbeat despite Korea Line exposure Dry bulk owner posts $108m profits in 2010, just half $217m in 2009
US and Egypt clash over pirates' prosecution Wikileaks cables reveal US pressed for pirates to be tried and convicted in Egypt
Carnival Splendor returns to service Cruiseship en route to home port of Long Beach after undergoing repairs
Let fight on piracy begin It seems the political inertia in the fight against piracy could finally have been overcome, though translating that into action is easier said than done
Lloyds' true value The real value of Lloyds Banking Group's shipping loan book appears to be almost impossible to properly ascertain
Why Wall Street overvalues shipping Volatile nature of industry means long-term investors have mostly left, to be replaced by hedge funds and traders who distort valuations
Seacor puts more ships into lay up Has 13 vessels cold stacked as Deepwater Horizon clean-up winds down
Tanker barge operators seek higher charter rates European inland barge sector hit by surplus of double-hulled vessels
Ship Finance reveals $75m loan on supramax trio Seals $75.4m loan on three dry bulk newbuildings
Tui favours IPO in Hapag-Lloyd exit strategy Banks reported to have set initial target date for IPO although Tui denies a date has been agreed
Courage Marine posts $9m profit in 2010 Dry bulk company hopeful BDI could return to 'normal' levels in one or two months time
SFI eyes container entry NYSE-listed Ship Finance International today reported lower profits than expected and a potential expansion into the container sector
Study challenges US shortsea net BENEFITS from US shortsea shipping have been sharply questioned in a report to Congress
DSME, APM in final VLCS talks AP MØLLER Maersk is understood to be in final discussions with South Korea's Daewoo Shipbuilding & Marine Engineering about a potential 20-vessel order for the world's largest box ships
Golden Ocean sees 'uncertainty' BULKER owner Golden Ocean today reported a sharp year-on-year fall in net profits, but fourth-quarter earnings were stable
Discharge rule enforcement nears NEW US Coast Guard inspections targeting 'incidental discharge' procedures could spur shipping prosecutions after 13 March, law firm Blank Rome has warned
Not so fast, Vladimir RUSSIA'S antitrust agency confirmed to Fairplay today it had refused Russia's richest man permission to buy the government's 40% stake in Volga Shipping
Oil spills in Norway grounding AN EIMSKIP box ship is leaking oil after running aground off Norway, the Icelandic company said today
KOGAS signs LNG deals KOGAS has signed two contracts to buy a total of 2.4M tonnes of LNG to be shipped from the Tangguh project in Indonesia, IHS World Markets Energy reported today
Fondshaus sees modest KG rise FONDSHAUS Hamburg told Fairplay today that it expects a moderate increase in shipping equity placing in Germany this year after the 2009-10 slump
French port talks extended NEGOTIATIONS aimed at ending a strike that has been crippling French ports since the start of the year have gone into extra time
Courage reveals whopping profits spike DRYBULK carrier Courage Marine today unveiled profits of $9M for FY2010 ' a 11,900% spike compared with its $75,000 profits the previous year
KL share price tumbles KOREA Line shares dropped for the third straight day since its trading resumed on the South Korean bourse
Product tanker owners seen struggling OWNERS are struggling to reap returns on product tankers in the Atlantic Basin, according to a weekly market report from Fearnleys
West Oz prepares for cyclones MARINERS, ports and coastal communities in several parts of Western Australia face an anxious wait this weekend as two cyclones gather strength
VLCCs rates seen dropping for March BROKERS in Singapore told Fairplay today that VLCC spot rates might drop for March liftings, with tonnage expected to rise
USPS Price Increases Take Effect April 17 The Postal Regulatory Commission notified the U.S. Postal Service that price increases announced Jan. 13 satisfy the requirements of the...
Hong Kong Overtakes Memphis in Air Cargo Hong Kong International Airport formally overtook Memphis as the world's busiest cargo airport in 2010 with release of the full-year...
Norway's GTB Invest Acquires Two 13,100-TEU Ships Norway's GTB Invest purchased for $310 million two 13,100 20-foot equivalent unit vessels on order from Hyundai Heavy Industries, less...
DP World Cochin Terminal Begins Operations The Vallarpadam International Container Transshipment Terminal in India's Port of Cochin began commercial operations Friday, a week after it was...
DeFazio Targets Shippers Who Delay Truck Drivers Rep. Peter DeFazio, D-Ore., wants shippers to speed truck drivers through their gates or pay the consequences for excessive detention...
Railcar Owners Scrap Over 3 Percent of Fleet North American railcar owners scrapped a net 3 to 4 percent of cars they operated or held in storage during...
Shipper Says HOS Changes Would Hike Transport Costs Proposed changes to truck driver hours of service rules would raise transportation costs 1 to 3 percent, one of the...
LaHood Gives Florida One Week to Find Rail Options Transportation Secretary Ray LaHood is giving Florida lawmakers one week to see if they can salvage a high-speed rail project...
French Ports Cut Deal to Avert Strike French dockworkers called off their six-week campaign of rolling strikes Feb. 18 after reaching an agreement with port employers over...
Railinc's Humphrey on the Changing Railcar Fleet Railinc senior analyst David Humphrey, speaking to JOC in Cary, N.C., describes the size of North America's railcar fleet at...
A Deeper Impact It is a tale of two ports, but it's a story with enormous implications for how U.S. trade will move...
Admiralty Law's Role in Release of Shipment Q: I just read your Jan. 31 column concerning the international forwarder whose Hong Kong partner/agent is demanding he hold...
East Coast Numbers The 11 percent year-over-year growth East Coast ports recorded in container trade in the first 11 months of 2010, the...
All In for All-Water When CSAV announced a new service to the U.S. East Coast through the Panama Canal last month, the Chilean carrier...
Budget Lines Whether you are looking at a business or a government, there usually is no clearer evidence of priorities than a...
LA to Host House-Senate Transportation Hearing Los Angeles Mayor Antonio R. Villaraigosa will be a primary witness Feb. 23 before a joint House-Senate hearing intended to...
French Port Talks Go Into Fourth Day Talks between dockworkers and port employers to resolve a dispute over early retirement entered a fourth day Feb. 18 as...
ISO Certifies US Operations of DHL Express DHL Express received a multi-site quality management certification from the International Standards Organization for all its U.S. locations. The...
Manufacturing Group Predicts 5.5 Percent Growth A manufacturers group predicts U.S. factory production will grow 5.5 percent this year and 4.6 percent in 2012, outpacing expansion...
Japanese Ship Orders Triple Japanese export ship orders more than tripled in January, compared with a year ago. In the 14th consecutive month of...
Maersk Reported In $2 Billion Order for 18,000-TEU Ships A.P. Moller-Maersk placed a $2 billion order for 10 18,000 20-foot equivalent unit container ships with South Korea's Daewoo Shipbuilding...
HOS Proposal No Panacea, Attorney Says An attorney for the coalition that won two court victories over recent hours of service rules for truckers says the...
Corpus Christi sells former Navy property The Port Corpus Christi in Texas Thursday agreed to sell its Ingleside facility, the former U.S. Naval Station Ingleside, to Canyon Supply & Logistics. A separate small craft pier and some related property will be sold to Flint Hill Resources. Cany...
Portland balances freight movement, livability The Port of Portland could be a case study in how maritime engines of commerce are trying to minimize the impact of their industrial footprint to better coexist with citizens in nearby communities. Several projects on the drawing board would improv...
FMC ends NVO tariff-filing requirement The Federal Maritime Commission has ended the tariff publication requirement for non-vessel-operating common carriers. The commission voted 3-1 on Wednesday to issue a final rule that will relieve more than 3,300 licensed NVOs from publishing in t...
Performance Team names Miller retail president Santa Springs, Calif.-based third-party logistics firm Performance Team has appointed Andrew Miller to president of retail supply chain. Miller, a 30-year industry veteran, was senior vice president and general manager of West Coast operations for ...
Dachser forges South Africa joint venture Third-party logistics firm Dachser has set up a joint venture in South Africa. The enterprise employs 133 staff of and offers logistics services in Johannesburg, Cape Town and Durban. Jonen Freight Pty. Ltd. is a privately run logistics company tha...
CBP moves to regional command for Arizona U.S. Customs and Border Protection has reorganized operations in Arizona into a unified chain of command under which Border Patrol, Customs Field Operations, and Air and Marine branches answer to a single chief instead of their respective internal...
Maersk Alabama pirate gets 34 years Maersk Alabamapirate gets 34 yearsMaersk Alabamapirate gets 34 years The Somali pirate who was captured by the U.S. Navy in April 2009 after hijacking a U.S.-flag vessel and taking its captain hostage was sentenced in a Lower Manhattan courtroom Wedn...
Ga. Tech, MIT expand logistics programs overseas Georgia Tech's Supply Chain and Logistics Institute in early September opened a Logistics Innovation and Research Center in Panama to help the government turn the Central American nation into a top-flight intercontinental trade hub. Not to be outdo...
Cost savings for importers, exporters
Port moves forward Portland balances freight movement, livabilityThe Port of Portland could be a case study in how maritime engines of commerce are trying to minimize the impact of their industrial footprint to better coexist with citizens in nearby communities. Seve...
Difficult ice conditions off St. Petersburg The ice conditions in the easternmost part of Gulf of Finland have turned out to be so difficult that the Russian icebreakers are not capable of assisting all vessels. On
Strong krona brings positive net effect on Viking Line During the last fiscal year, which, as an exception, included 14 months from November 1, 2009 to December 31, 2010, Viking Line Abp's sales totalled EUR 569.9 million. In
Week ends with lower prices Crude futures head lower as traders rushed to sell off their March contracts.
KPI Bridge Oil opens office in Miami Company's fourth office in the Americas.
Prices mixed in Fujairah Spot prices for 180 cSt available in Durban.
IMO scrubbing system guidelines left unchanged Agreement at technical committee that it is too early for revision as it could hamper promising technology development.
DNVPS takes 'carbon neutral option' Fuel testing agency wants to help its customers move closer to carbon neutral operations.
Rotterdam market softens Avails tight for prompt deliveries.
Fuel management system 'designed for ECAs' Ship operators will have fuel blended 'to precisely the right sulphur content'.
Removing 'nightclub' will generate bunker savings Building materials were 'too heavy' to allow fuel efficiency.
Scrubber system makers nominated for 'Clean Shipping' award Two companies making exhaust gas cleaning systems are finalists for Seatrade Awards 2011.
Asian bunker prices mostly down Generally sluggish demand at Asia's key bunkering ports on Friday, says traders.
ExxonMobil sells high-viscosity parcel at lower premiums Easing fuel oil supplies see prices soften.
'Modernisation' of Philippine terminal gets nod Terminal to allocate some five hectares for a bunker refuelling station.
Grounded ship leaking bunkers in Norway's national seapark Containership has about 800 mt fuel oil on board, says oil response team.
Singapore fuel oil stocks rebound to two-week high Higher arrivals of Western arbitrage volumes this week.
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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