UPS facilities in UK shut over security flaws Shipping company UPS has been barred from moving aircargo through some UK facilities because of security flaws, the British government said after it carried out security tests.
Baltic index flat on cape gains The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, inched lower on Friday although further iron ore business provided support to the larger capesize market. Brokers said that fleet growth, especially in capesizes, was set to cap gains in the coming months.
US charges Iran shipping firm for illegal transactions An Iranian government-owned shipping line that the United States believes is integral to Iran's efforts to obtain banned technology for its nuclear and missile programmes has illegally funnelled tens of millions of dollars in financial transactions through the US banking system over the past three years, evading sanctions by cloaking itself in corporate alter egos and falsifying records, according to an indictment that the Manhattan district attorney planned to unseal yesterday.
Higher heavy duty road toll (LSVA) in Switzerland In Switzerland the performance based heavy duty road toll (LSVA) will be adjusted by 0.97% against the inflation effective 1 January 2012. The rate increase will not exceed CHF 3 f...
KION Group: Order intake rises to around EUR 1.2 billion, up 37 % The KION Group, one of the two leading global manufacturers of forklift trucks and warehouse equipment, has started 2011 with a strong first quarter. Demand was up approximately 40...
Daimler Trucks North America to ramp up production Daimler Trucks North America (DTNA), headquartered in Portland, Ore., announced that it plans to sharply increase production and employment levels at its Mt. Holly, NC and Portland...
UK: Schmitz Cargobull help S&J deliver for Palletforce S&J European Haulage has added three new Schmitz Cargobull curtainsider trailers to its fleet. One of the new vehicles will be dedicated to work carried out by S&J for the ...
SIBUR-Trans and Brunswick Rail announce partnership Brunswick Rail, Russia's leading freight railcar operating lessor, and SIBUR-Trans, a subsidiary of the SIBUR petrochemicals holding, have signed an agreement whereby Brunswick Rai...
Rail network in Europe is shrinking The rail network in Europe continues to shrink. That is the result of so far unpublished figures from the European Commission according to which, the European rail network shrank b...
Eurotunnel wins competitive tender from the Grand Port Maritime in Bordeaux Groupe Eurotunnel has been chosen by the Grand Port Maritime in Bordeaux to prepare its Safety and Operating Regulations (RSE) reference document, as required by the Etablissement ...
China will deliver first freight trains to France China CNR Corporation and Atir Rail of France have signed an agreement for 20 railway ammonia tank cars and another 20 liquid gas tank cars. According to CNR the deal will mark the...
P&O Ferrymasters Co-Hosts MEPs for Intermodal Spotlight Logistics solutions specialist P&O Ferrymasters recently joined customer Procter & Gamble and two other leading advocates of intermodal transport to host a special display ...
Metrans opens a new inland terminal in Ostrava The German-Czech intermodal company Metrans has opened a new inland terminal to handle an annual cargo volume of 150,000 teu in Ostrava. With that, the subsidiary of Hamburger Hafe...
Ataklar expands its trucking fleet The Turkish logistics provider Ataklar, which is particularly active in the Italian-Turkish and Greek-Turkish traffic, has received, in the last couple of days, the first 35 of 150...
In Denmark only B7 diesel can be fuelled From 1 July 2011, the Danish oil companies will mix 7 % biodiesel in all diesel for road transport. The new diesel meets the European standard for diesel EN590, and the motor const...
CMA CGM appoints Michel Sirat Group Chief Financial Officer CMA CGM Group reinforces its financial organization with the appointment of Michel Sirat to the position of group Chief Financial Officer. With degrees from the Institut d'Etudes P...
CSAV terminates trans-pacific service The Chilean shipping company CSAV is going to terminate its ASIAM service in the Pacific as of 30 June. This is the reaction of the shipping line to the difficult circumstances on ...
Kerry Logistics starts construction of Xiamen logistics centre Kerry Logistics, a leading provider of logistics services, has started building its state-of-the-art logistics centre in Xiamen. With a total area of 42,600 sqm, Kerry Xiamen logis...
Three-way partnership in emergency relief aims to help Africa help itself World Vision, Agility and Advance Aid are delighted to announce a three-way partnership that will enable African-produced emergency relief goods to be provided to assist in African...
GLS achieve good result for the financial year 2010/11 The Amsterdam based GLS Group recently announced the result for the financial year 2010/11. The pan-European parcel, express and logistics provider recorded satisfying increases in...
VLGCs hold out for rate increases in third quarter Butane demand from the petrochemical industry set to boost owners' confidence
Handysize bulker prices on slide New Century Overseas latest company to lose out on falling asset values
Shell teams up with Russians on LNG deal Shell has signalled its intent to extend its already significant global influence in the liquefied natural gas shipping market by signing up to a partnership focused on building LNG carriers in Russia
Tsakos enters Neo Energy on four-year charter Greece's Tsakos Energy Navigation has chartered out the 2007-built, 150,000 cu m liquefied natural gas carrier Neo Energy for four years
Chinese breakers to capitalise as monsoons hit Indian subcontinent With the Indian subcontinent submerged in monsoon rain, the focus of the demolition sector has shifted east to China
Getting governance right TTA seems willing to acknowledge that it needs to do more to ensure that shareholders are onboard with its evolving corporate strategy
Variety does not mean spice for TTA The company's policy of 'aggressive' diversification includes fertilisers and coal
Mr Bee and the Thoresen Thai coup Even if the dry bulk operator fends off the current shareholder revolt, can it convince other investors it will succeed?
Why we need to keep bloodsuckers at bay The shipping industry is working hard to be cleaner and greener all the time. It should, perhaps, be shouting more about what is being done, as the taxmen and carbon traders circle
Revolution confusion Many in the container industry are baffled by Eivind Kolding's call to arms
Genco and Excel Maritime shares singled out by short sellers New York-listed dry bulk operators are targeted aggressively
HSH reduces reliance on state aid Bank hails 'continuing stabilisation' as it trims loan guarantee requirement
Cargo caused all 44 dry bulk deaths last year Intercargo's annual report examines all of last year's fatalities and also examines the impact of piracy and the rise of Asian shipping
Bankrupt Hawaii Superferry catamarans put up for sale US Maritime Administration disposals mark a sorry end for what was once hailed as a pioneering project
Liquidity looking for a home Cash-strapped European shipfinance banks are prime targets for hungry Chinese institutions
China Development Bank negotiates stake in Aegean Baltic Bank Partnership to help unlock $5bn in funds earmarked for 'China-Greek Shipping Fund'
Ransom team's jail terms unlikely to stop payments Counterpiracy experts puzzled by surprise move that creates yet another problem for shipowners
Eagle Bulk executive compensation voted through by shareholders Company is to defend vigorously recent lawsuit alleging excessive payouts
CIMB pessimistic on Asian container lines' prospects Immediate outlook grim, says Malaysian investment bank as it downgrades NOL and CSCL
Singamas forecasts first half profits to increase significantly Bullishness attributed to growing demand and higher selling prices
Hancock to export first Galilee basin coal First shipment from huge Queensland fields to leave Gladstone port for South Korea on Sunday
British, US pirate cash couriers jailed in Somalia Long sentences for couriers who flew $3.6 m ransom cash for pirates into Mogadishu
Great Eastern sells suezmax tanker Mumbai-based line offloads tanker to unnamed buyer, reportedly for scrapping
Vietnam turns to Interpol to track down two Vinashin executives The accused fled abroad to avoid charges related to shipyard's financial woes
Tanker optimism The outlook for improvements in the tanker trades hinges largely upon demand that is sure to grow in Asia, and that appears unstoppable
Shipping firms should insure for disruptions to trade Contingent Business Interruption is called the most under-estimated risk in the market
Eurostar withdraws Eurotunnel fire insurance claim Eurotunnel sees move as 'major step' towards final settlement
Shipping KPI project opens early InterManager delighted as standard industry tool is up and running six months early
Key features of KPI project Aims of standard industry measurement tool include higher levels of safety and efficiency
Rolls-Royce penalty pared A Miami judge has confirmed a jury's decision against Rolls-Royce related to the Queen Mary 2's faulty propulsion system - but damages have been reduced
Treasury tightens sanctions THE US Treasury Department today timed a raft of new sanctions against Iran's IRISL to coincide with New York City's criminal indictment
STX offered 25% of new Russian yard RUSSIA'S USC told Fairplay it has closed a deal to build a new St Petersburg shipyard for $720M
Kremlin rejects grain export controls RUSSIA'S farming boss has said the Kremlin has rejected calls for penalty duties or other controls to restrict grain volumes once exports resume on 1 July
Suspects released after pirate attack EU NAVFOR said today it has released four suspected pirates, despite believing them to be responsible for an attack on an LNG carrier in the Gulf of Aden
Corpus Christi increasing export capacity CORPUS Christi's port has told Fairplay it is spending $10M on rail improvements to address an expected jump in exports
Athens defining shipping blueprint YANNIS Diamantidis will reportedly remain in charge of the Greek shipping portfolio pending a presidential decree on a reformed maritime ministry
Hanoi sends Interpol after Vinashin figures INTERPOL has issued a global search warrant for two former officials of Vinashin, IHS Global Insight reported today
SCI adds to S&P war chest INDIA'S largest bank has concluded an external commercial borrowing for Shipping Corp of India, SCI said today
Army disperses Suez protesters EGYPTIAN troops have driven away workers attempting to storm Suez Canal Authority offices in Ismailia, IHS Global Insight reported today
The Zoullases win Eagle pay vote SHAREHOLDERS of NASDAQ-led Eagle Bulk voted in favour of an executive compensation plan, but the tally revealed significant dissention
LNG worker shortage seen OWNERS of LNG carriers have been warned to expect staff shortages over the next few years, particularly in Europe
GPI shareholders seek high share price THE THREE Russian shareholders who own Global Ports International have set a high target for an IPO in London this month
Drybulk recovery stymied RECOVERY remains elusive in the oversupplied drybulk sector, brokers said today, despite increased scrapping and slow steaming
Progress made in Oz mine talks A SERIES of stoppages at BHP Billiton-Mitsubishi Alliance coking coal mines in Queensland might be close to an end, with talks reportedly progressing
Army Corps, SCSPA Ink Charleston Agreement The U.S. Army Corps of Engineers and the South Carolina State Ports Authority on Monday signed a cost-sharing agreement on...
Retail Driving Demand for Industrial Property Demand for big box distribution centers in major U.S. markets is propping up the industrial property sector, but activity is...
Auburn University Studies LTL Pricing Professor Joe Hanna discusses why LTL carriers are unhappy with their current pricing model, but reluctant to change, and why...
APL Expands China-India Express Service APL is expanding its China-India Express Service with a weekly call at India's Port of Pipavav, starting at the end of...
ECT Rejects Report of MSC Stake ECT, Rotterdam's biggest container terminal operator, denied reports that ocean carrier Mediterranean Shipping Co. acquired a significant stake in its...
FMCSA Prepares for Cross-Border Trucking A new cross-border trucking program with Mexico could be in place within two months, Federal Motor Carrier Safety Administrator Anne...
US Freight Transshipments Up 8.5 Percent in 2010 The value of all the goods shipped between the U.S. and countries outside of North America that passed through Canada...
Japan Posted Second-Largest Trade Deficit in May Japan incurred a deficit of 853.7 billion yen ($10.67 billion) in its trade with the rest of the world in...
DOT Stimulus Payments Reach $29 Billion Payouts to states by the Department of Transportation for construction projects under the 2009 stimulus law totaled just below $29...
CEVA Logistics Expands US Trailer Fleet CEVA Logistics will lease more than 1,000 trailers from Ryder System, bringing its total U.S. trailer capacity to more than...
Horizon Postpones Refinance Deadline Again Horizon Lines announced a second one-week postponement of a deadline for securing bondholders' support for a plan to refinance the...
New York to Indict Iran Shipping Lines New York City's district attorney will indict Islamic Republic of Iran Shipping Lines on Monday on charges that it is...
BNSF Under Buffet When Warren Buffett announced late in 2009 his Berkshire Hathaway investment firm would buy up BNSF Railway, he said he'd...
EU Probes State Aid for Leipzig-Halle Airport European Union competition regulators launched an investigation into the German government's financing of Leipzig-Halle airport, DHL Express's European cargo hub,...
Somalia Jails Six Over Pirate Ransom Somalia jailed an American, three Britons and two Kenyans for illegally bringing $3.6 million in cash into the country, allegedly...
Global Crude Steel Production Climbs 4.2 Percent The global production of crude steel in the 64 countries reporting to the World Steel Association reached 130 million metric...
Not All in the Family For more than 80 years, Kane Is Able has been a family-owned and family-run trucking and logistics business, hauling freight...
Roadrunner Restructures Roadrunner Transportation Systems is running down more than one road. The company is expanding both segments of its...
Rails Fight a Rising Tide A tough weather year that started with blizzards is only getting worse for major North American railroads and their customers,...
Nearer to On-Dock U.S. East and West Coast ports may feel good about their efforts to develop the large marine terminals needed to...
BRICs' Risky Business Just when privately owned Domodedovo airport in Moscow was gearing up for its ambitious May initial public offering that would...
Logistics Races Ahead of Economy U.S. logistics costs rose 10.4 percent in 2010 as companies moved rapidly to take advantage of a recovering economy, and...
Farm-Fed Recovery The U.S. economy is heading inexorably toward its next growth cycle, with agricultural exports ripe to help drive expansion, economists,...
Time for Change Eivind Kolding took a few verbal barbs after the Maersk Line CEO issued a manifesto on June 7 calling for...
Dumbing It Down During a recent trip to Washington, D.C., I had the pleasure of catching up with an old friend who shared...
No More Magic Pipe The U.S. tries to keep foreign-flag ships from polluting U.S. waters, but not every operator gets the message. If the...
Camiones for Commerce In any discussion of trade facilitation and security along the U.S.-Mexico border, the cross-border trucking controversy is the elephant sitting...
Two-Pronged Threat in Mexico Trade along the U.S.-Mexico border is a delicate balancing act that has wobbled between facilitation and security for years. Even...
Whose Return on Investment? Warren Buffett's purchase of BNSF triggered a regulatory rate battle that could set a precedent for future railroad mergers or...
BNSF's Top Team Even before Berkshire Hathaway offered in November 2009 to buy the 77.4 percent of BNSF Railway the investment giant didn't...
US Suspends Mail Delivery to Canada The U.S. Postal Service stopped taking mail bound for Canada as a strike by Canada Post workers moved into its...
An executive lounge service for shippers in prospect? 'What if placing a shipping order was as easy as buying an airline ticket?' That was the question put to TOC Europe, Antwerp delegates earlier this month by Maersk Line ceo, Eivind Kolding, in his 'call for change' address.
Two more ships released by pirates - hijackers more challenged
Oaktree in $800m brawl US private equity powerhouse's $100m IPO sheds light on legal battle involving Gulmar Offshore.
Banks log Diana forecasts Diana Containerships tops Wall Street hit lists as investment banks bet on growth potential.
Voters back EGLE pay pack Enraged shareholder fails to win the hearts of voters at Nasdaq-listed owner's annual pow-wow in New York.
IRISL: fresh sanctions row Iranian line and front companies cited in new US accusation involving $60m and US banks including JPMorgan Chase and Citigroup.
Superferries back on block US Maritime Administration prepares to auction off vessels built by bankrupt owner Hawaii Superferry.
Suez going down Egyptian vessel freed by pirates is reported to be sinking off the coast of Oman.
Tsakos fixes LNG ship Tsakos Energy Navigation has secured a new four-year fix for its lone gas carrier, with BG and GDF Suez the likely charterers.
Wells endorses Navios deal Equity analyst praises New York-listed owner's $84.8m tanker acquisition but shares remain on the 'sideline'.
NYK LNG attacked EU Navfor intercepts gang of four suspected of attacking LNG carrier in the Gulf of Aden.
NFC heading to Iran Oman's state-owned operator launching fast ferry run to Bandar Abbas.
Sovcomflot makes grade Standard & Poor's assigns Russian tanker owner investment-grade BBB- rating, its first official evaluation of the company.
Pelindo plans new port Indonesian state terminals company to build new container facility at Sorong.
Poten's pier pressure New York broker weighs in on proposed tanker terminal project at Pier 400 in Los Angeles.
Sovcomflot sale soon Russian deputy PM Igor Shuvalov says tanker privatisation could be ready in the autumn, but does not rule out 2012.
USPS stops accepting mail bound for Canada A labor dispute between Canada Post and its workers has compelled the U.S. Postal Service to stop accepting mail bound for Canada until at least sometime this week. Canada Post workers began rotating strikes in early June to protest stalled contrac...
STB extends hearing to two days The U.S. Surface Transportation Board has extended a hearing on the "current state of competition in the railroad industry" to accommodate the large numbers of organizations wanting to testify. The hearings will begin at 8:30 a.m. on Wednesday and...
U.K. faults UPS cargo screening Express delivery company UPS confirmed on its Web site Friday that the U.K. Department of Transport has restricted its ability to screen packages for bombs at several sort facilities until it improves its security procedures. The Atlanta-based car...
Titan names Bennett commercial director Titan Salvage, a Pompano Beach, Fla.-based subsidiary of Crowley Maritime Corp., has named Jason Bennett as commercial director. He is based at Titan's United Kingdom office at Newhaven, East Sussex. Bennett will help shape strategic, operational ...
Maersk to raise Asia/Puerto Rico rates Maersk Line said last week it will raise rates on shipments from the Far East to Puerto Rico. The increase, $490 per 20-foot container and $700 per 40-foot, 40-foot high-cube or 45-foot high-cube containers, will be implemented from July 20. It aff...
Zim adds Russian port to pendulum Container line Zim is adding a call at the Russian port of Vostochniy to its ZCS service, according to research from American Shipper affiliate ComPair Data. The ZCS is Zim's pendulum service connecting Europe, the U.S. West and East coasts, and t...
Intercargo sees reversal in consolidation The International Association of Dry Cargo Shipowners said there has been a reversal in industry consolidation, finding 1,536 dry bulk companies compared to 1,313 a year earlier (160 are members of Intercargo). The report cautions "there is potenti...
Navy forms Strategic Sealift Officer Program The U.S. Navy has transformed its Merchant Marine Reserve Program into the Strategic Sealift Officer Program (SSOP). SSOP supports national defense sealift requirements and capabilities, which are carried out by the Navy's Military Sealift Command....
Oman fund in race for TUI's Hapag-Lloyd stake Oman fund in race for TUI's Hapag-Lloyd stake Oman fund in race for TUI's Hapag-Lloyd stake An Omani state-owned fund intends to buy a stake in German container line Hapag-Lloyd,Reutersreported last week. The fund put its intentions in writing to ...
ISO 8217:2010 - The Denouement Those who think that newer is better are in for a major disappointment, particularly when a supplier decides to take advantage of 'Annex B'.
IFO prices soften in the Middle East Deliveries available for supply up to and including July 4 in Cape Town.
Maersk ready to roll out flowmeter contract addendum Certified meters means no barriers to basing invoices on flowmeter readings.
Most European bunker markets soften Hamburg market quiet.
Key Asian port urged to cut ship-generated SO2 emissions 'Laws are the only way to deal with pollution from ships,' says Hong Kong newspaper.
EU to tighten ETS security after cyber-theft Nearly $43 million worth of carbon credits stolen, denting confidence in CO2-reduction tool.
Post-Kyoto deal no closer after Bonn climate talks 'Clear advances' made on other key issues, including the Green Climate Fund according to UN's climate change chief.
Vessel abandoned after running out of fuel Crew transferred to Pakistani warship.
Week opens with mixed prices at key ports Weak demand for bunker fuel at Asian hub ports.
Rotterdam storage terminal to expand Adding five tanks with a total storage capacity of 172,000 m³.
China's SHFE fuel oil stocks fall 4.3% Fall due to soft demand for fuel oil material, says sources.
Tightness persists in South Korean bunker markets SK Energy and Hyundai Oilbank not offering to spot market.
Sovcomflot signs four-year marine lubricant contract with Lukoil Lukoil will supply more than 20,000 mt of marine lubricant to Sovcomflot.
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