Baltic index falls, fleet growth adding pressure The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, ended last week on a low as weaker sentiment and a build-up of available vessels weighed on the market.
Eurotunnel signs agreement with European horse transporter In view of competition to come and also of the World Equestrian Games, due to be held in Normandy in 2014, Eurotunnel is developing its horse transport services by joining forces w...
Thorco Shipping opens Italian branch Thorco Shipping Denmark has set up a branch office in Genoa. Thorco Shipping Italy is the carrier's fully-authorised booking office, established with the specific aim of increasing...
Arkas sets up new Romanian branches The Turkish shipping and logistics company Arkas is continuing to open new offices and develop its infrastructure in the Mediterranean and Black Sea regions. Its latest step was to...
DHL appoints Amadou Diallo as new CEO of DHL Freight DHL has appointed Amadou Diallo as CEO of DHL Freight, succeeding Thomas George, who will move to the position of COO of DHL Global Forwarding with immediate effect. Diallo will be...
Rail line reconstruction in Mozambique delayed Reconstruction of the Sena railroad, linking Tete province to the port of Beira in Mozambique, is not expected to be finished until early 2013, four years later than planned, local...
Denmark to implement lorry overtaking ban The new Danish transport minister Henrik Dam Kristensen is set to implement a proposal to introduce four extended overtaking ban zones for lorries on Danish motorways in December. ...
Continued growth for VW light commercial vehicles Volkswagen Nutzfahrzeuge posted strong growth in sales from January to September. The German truck manufacturer delivered 390,000 light commercial vehicles in the period under revi...
Emirates SkyCargo sets B777F record Emirates SkyCargo, Emirates' freight division, has set a new record for the heaviest single item carried by a Boeing B777F. The full-freighter operator transported a special valve ...
DHL Express takes delivery of first converted A300-600 The first Airbus A300-600 to be converted to a freighter rolled out of EADS' Elbe Flugzeugwerke Dresden and was delivered to DHL Express recently. The global express service provid...
New airfreight capacities between Europe and North America DB Schenker Logistics is connecting Europe and North America with new airfreight routes. Starting immediately, Deutsche Bahn's logistics division is offering cargo flights from Lux...
AF-KL Cargo contributes to success of Beaujolais Nouveau tradition The festive Beaujolais Nouveau event is repeated on the third Thursday of November every year, and AF-KL Cargo again made a huge contribution to wine-drinkers' joy by carrying 1,40...
Expeditors International posts strong results Expeditors International of Washington, a US transport and logistics services provider based in Seattle WA, saw sales fall by 4% to USD 1.6 billion in Q3. Net profits rose by 11% t...
Logwin unveils dedicated fashion warehouse in Malaysia Logwin, a leading global logistics provider, has opened a dedicated fashion warehouse in Shah Alam (Malaysia) - the first dedicated fashion and lifestyle logistics operation in Asi...
Ceva renews partnership with Magneti Marelli The SCM specialist Ceva Logistics has renewed its partnership with Magneti Marelli's after-market parts and services division (MMAMPS) for a further four years. MMAMPS is Magneti M...
Role of the merchant navy in emergencies Amid constant reminders of the UK's declining maritime influence, a new book brings a telling reminder of the importance of the nation's commercial shipping
Peak piracy season has got off to slow start but takes long-term hold Piracy has infected every aspect of mitigating and managing risk
Container shipping branches out into the flowers trade Dutch flower auction FloraHolland is looking at a switch from air freight to cut the costs of transporting thousands of fresh cut flowers daily
APM Terminals confident Costa Rica facility will go ahead Operator has won two court challenges to Moin development, and analysts warn of more to come
Reading the runes in Rotterdam Rotterdam port has commissioned a study of the possible effects of the eurozone crisis on its business, while long-time resident ECT has been looking at the likely effects of Maasvlakte 2
ABP eyes extra berths consent at Southampton by early 2012 Berths 201 and 202 will be 'icing on cake' and boost capacity to 2.6m teu
BIMCO creates benchmark contract for armed guards Concerns of owners, P&I clubs, underwriters and lawyers taken into account in draft
TEN underlines growth capability despite third-quarter loss Cash and liquid investments of about $240m could be marshalled to back company's interest in the tanker and LNG sectors
Long Beach volumes slide as terminal switch hits throughput Fall partly attributed to defection of California United Terminals to Los Angeles
SeaFrance services remain suspended Ferries sitting idle at Calais and Dover
General Maritime and Trailer Bridge join in the departure of New York's listed shipping companies Peter Georgiopoulos tanker company already switched to OTC market; Jones Act ro-ro company to follow on November 28
World Container Index Asia-Europe freight rate climbs Prices move in contrast to equivalent rate published by SCFI
Eitzen in last ditch effort to raise cash Camillo Eitzen looks to make massive share reduction, change name and move out of Oslo
Diana confirms first bulker purchase for six months Will pay Samos Steamship $32.2m for Universal-built Vathy
US LNG exports set to spark 100-vessel demand Vast US shale gas reserve generates surplus gas for export
Maersk buys six-year-old VLCC for $53m Danish shipping giant reportedly entering market after recent plunge in asset values
For those in peril on the sea Governments cannot waver when it comes to protecting world's merchant seafarers
Taiwanese ore and coal imports to suffer from lower steel production Country's largest steelmaker announces 20% cut in volumes
Tanker derivatives switch to dollar per tonne settlement Move away from Worldscale hoped to boost liquidity of wet forward freight agreements
Tui sets January date for Hapag-Lloyd sale Company decides against IPO but is still in talks with potential investor
Debt drags down Germany's oldest shipyard JJ Sietas put into hands of insolvency administrator
EXCLUSIVE: Libya's GNMTC poised for full fleet return in two weeks US to lift sanctions preventing government-controlled shipowner buying bunker fuel and paying crew
German owners express fear at falling short of 'wonderful' tonnage tax rules Brussels probe into countries' regimes may find insufficient tonnage under EU flag
LNG shipping set for US boom American exports are going to come on line at last
Demand for greener fuels to soothe doubts over slow steaming New FMC member Cordero is 'keenly aware' of concerns about the speed at which products arrive in the marketplace
Poor shortsea market hits Norwegian Car Carriers One vessel put into lay-up as its sister ship enters a new charter at lower rates
US unitised exports see eighth consecutive quarterly rise Switch to containerised grain and soya beans to China boosts volumes
First Chinese investment for Lloyd's syndicate China Re joins forces with Catlin in 'milestone' move
Correction: TBS International TBS confirms it is continuing its discussions with bankers to restructure its debt and alleviate cash flow pressure
NITC discusses BNP loan repayment Lack of insurance leaves Iranians in breach of conditions
TEN's losses mount NYSE-listed TEN reported larger losses than expected today, but it retains a strong cash balance to pursue acquisitions
Weak US grain exports seen hitting bulkers US GRAIN exports for the 2011-12 harvest are expected to drop 16% year on year, a USDA report has predicted
VINASHIN officials indicted in Vietnam NGUYEN Thanh Binh, former chairman at shipbuilder VINASHIN, and eight other former officials have reportedly been indicted today
Pirates attack Chevron tanker PIRATES have reportedly boarded a feeder tanker off the Nigerian coast
NZ port braces for lock-out A NEW ZEALAND port has today issued a lock-out notice for dockers planning to strike in December
RINA sees 50% turnover rise ITALY'S class society RINA has predicted a 50% increase in 2012 turnover year on year, to €300M ($407M)
Record-long Arctic shipping season closes THE LAST tanker has left the Northern Sea Route today, marking the end of the longest-known season of Arctic navigation
SeaFrance union threatens lawsuit on sailings SEAFARERS at SeaFrance threatened legal action today that would seek to force court-appointed administrators to lift their ban on Dover/Calais sailings
Fisherman killed in ferry collision A FISHERMAN was killed early today and six injured when an Aboitiz ferry collided with a fishing vessel in the Philippines
MOL takes reins in eastern Europe MOL SAID today it's regaining control of its eastern Europe box shipping business from agent Multi-Shipping
UK customs smokes out cigarette smuggling truck CUSTOMS officers at a northeastern UK ferry port have arrested a suspect and stubbed out an attempt to smuggle cigarettes worth about $3M, according to the UK Border Agency
Golden Ocean scraps dividend for 3Q2011 NORWEGIAN Golden Ocean announced today it will not pay a dividend to shareholders after reporting a $27M fall quarterly profits
Hapag stake to be sold by 2 January TUI HAS reportedly set a 2 January target for selling its remaining stake in box giant Hapag-Lloyd
KEPCO seals Oz LNG deal JAPAN'S KEPCO has signed a deal under which 1M tonnes of LNG per year would be shipped from Australia, for 20 years
Braemar tightens belt LONDON'S Braemar Shipping Services has announced a round of cost cutting following a drop in half-yearly profits.
TAPA Rolls Out Truck Security Standards The Transported Asset Protection Association is rolling out global security standards for trucking and the first trucking security certification program...
Charleston Container Traffic Falls 6.3 Percent Container traffic through the Port of Charleston in October fell 6.3 percent year-over-year and dropped 9.1 percent from September. ...
UPS Announces 4.9 Percent 2012 Rate Hike UPS announced it will raise rates for ground and air parcel shipments an effective 4.9 percent in 2012, matching the...
Occupy DC Protests Crumbling US Infrastructure Hundreds of Occupy Washington D.C. protestors marched to the Francis Scott Key Bridge on Thursday to call attention to the...
California Tightens Class 7 Truck Emission Rules The California Air Resources Board's order of all Class 7 drayage trucks to meet the same emission standards that have...
Executive Says Shippers at Sustainability 'Tipping Point' Shippers have reached the "tipping point" in their effort to encourage trucking companies to reduce emissions and conserve fuel, a...
US Xpress Expands in Regional, Expedited Markets Truckload giant U.S. Xpress Enterprises is expanding its regional operations in the Northeast and its custom critical or expedited business,...
FTR Associates' Larry Gross on the US Freight Economy, Demand and Capacity (Video) FTR Associates' Larry Gross says industrial demand is fueling the relatively strong showing in U.S. shipping this fall, but tight...
Attorney Says Truck Driver Status Issue Far From Dead The issue of whether truck drivers nationwide are employees or independent contractors is far from dead despite a recent federal...
TUI to Sell Remaining Hapag-Lloyd Stake The German travel group TUI plans to sell its remaining stake in Hapag-Lloyd in January and expand further in Russia...
Trans-Pacific Lane Faces Brunt of Rate Fall, Analyst Says The trans-Pacific and Asia-Middle East trade lanes are most likely to bear the brunt of rate plummeting, as deliveries of...
Sea Star Line Pleads Guilty, Ex-President Indicted Sea Star Line will plead guilty and pay a $14.2 million criminal fine and the carrier's former president, Frank Peake,...
Connecting the Dots When the APL Egypt pulled into a berth at Manzanillo International Terminal on the Caribbean end of the Panama Canal...
Express From Cuba? Could Cuba become a new Caribbean transshipment hub? After all, it's only 90 miles from the United States and has...
Cutting Emissions At an economic moment when cost pressures on shippers are particularly intense, it's tempting for many to shrug aside much...
Simplified Shipping Here's one thing shipping customers and transportation operators certainly should agree on: Shipping goods from one point to another should...
When Paying the Bill 'Isn't My Job' Q: Help settle an internal debate. There's a freight bill where the shipper, consignee and third-party c/o freight payment company...
High-Tech Executives Expect Intra-Asia Trade Growth Intra-Asia trade will see further growth in the coming years as high-tech companies shift more sourcing to the continent and...
NYK Logistics, Yusen Merge Indian Operations NYK Logistics and Yusen Air & Sea Service, part of Japan's NYK Group, consolidated operations in India by combining their...
Hoffa Builds Big Lead in Teamster Election With more than 170,000 ballots counted, incumbent James P. Hoffa commanded 57.2 percent of the votes cast for Teamsters general...
Harbor Truckers Fear Chassis Inspection Delays Harbor truckers in Southern California are raising concerns that an effort by longshoremen to inspect all chassis before equipment is...
Chennai hosts ICS centenary events International shipbrokers, VIPs and more than 300 guests celebrated the Institute of Chartered Shipbrokers' (ICS) centenary in Chennai, India, last night in grand ...
More slow steaming needed Further slow steaming will be necessary if carbon emission reduction targets, currently under discussion within the IMO, European Commission, and United Nations ...
Green Reefers on the bottom in Q3 11 Bergen-based Green Reefers, which operates a fleet of specialised reefer ships, has reported wider losses for Q3 11 compared with the same period of 2010 as spot ...
Sale of TransContainer still possible State-owned Russian Railways's (RZD) control of the country's largest intermodal player, TransContainer, could be divested by the end of the first quarter or the ...
NITL urges rail reciprocal switching rule change after decision deferred The US National Industrial Transportation League (NITL) has urged Washington DC-based Surface Transportation Board (STB) to 'inject more competition in the rail ...
LA port riding high for October as Long Beach sees box drop The fortunes of the ports of Los Angeles (LA) and Long Beach (LB) on the US West Coast were contrasted sharply in October. While the former port saw both ...
Transnet well ahead at halfway stage Transnet SOC, the South Africa-based state-controlled rail, ports and pipelines company, has posted a very strong set of results for its 2011/12 fiscal year. Up ...
Noteholders take fight to GMR Embattled tanker owner sees high-powered group contest rescue loan from Nordea.
TEN still hungry despite loss Tanker market turmoil and third-quarter loss fail to derail Tsakos Energy Navigation's quest for tonnage.
Malaysia holds cement carrier Maritime Enforcement Agency says KGJS ship anchored illegally off Johor.
Diana confirms bulker buy Greek owner pays $32.25m for 2010-built panamax from compatriot Samos Shipping.
Lange explains future policy No change of strategy but there will be a different name and a switch in tactics at enlarged operation, U-Sea CEO says.
Fosun eyes bulkers Chinese chemicals and mining conglomerate in talks to buy domestic dry cargoship group Deqin.
NOCC ties up three Norwegian owner increases contract cover with charters for car carriers, but another heads to lay-up.
TUI talks up Hapag exit German tourism group determined to part company with container line early next year, CFO says.
Sales spur BW Offshore Oslo-listed FPSO owner pushes up third quarter operating profit thanks to double departure.
Gabriel no guardian angel Failure of Gabriel Panayotides to underpin an enlarged rights issue increases question mark hanging over Torm, says RS Platou Markets.
Vulcano makes debt plea Spanish shipyard faces liquidation unless creditors agree to write off 80% of EUR 198m they're owed.
Sea Star fined for fix US imposes $14.2m penalty on Florida owner for Puerto Rican scam, while former president Frank Peake charged.
AXA adds ACM shares AXA Investment Managers picks up additional stock in Johnny Plumbe-led shipbroker.
U-Sea getting better Danish bulker owner makes a profit in third quarter as it announces tie-up with Ultragas next year.
Platou plunders Clarksons Peter Anker's RS Platou adds David Oakley and Peter Quirk to its payroll as Clarksons Australia exodus rolls on.
Golden Ocean passes dividend But John Fredriksen controlled venture continues to look for further investment opportunities in dry bulk shipping.
Two vessels aground Ferry and general cargoship get into difficulty in bad weather off the Philippines.
China's ore appetite grows Domestic iron ore production is growing, but quality is falling and pushing up imports.
Wartsila hunts Hamworthy Finnish ship engine giant ready to take over UK gas carrier systems specialist Hamworthy in $493m deal.
Grand China accused of non-payment on bulk vessels Hainan, China-based carrier Grand China Logistics has been accused by three European shipowners for halting payments on chartered bulk vessels, according to the Financial Times.
FMC sees progress on fuel alternatives Commissioner Mario Cordero of the FMC says progress is being made on development of fuel alternatives for commercial vessels. Use of liquefied natural gas as fuel is an example.
Sea Star agrees to pay $14 million fine for price fixing
Americas markets plunge Oil rose as the euro strengthened amid speculation that the European Central Bank buying of Italian and Spanish bonds will stem surging borrowing costs.
US Navy completes largest alternative fuel demonstration A giant step closer to powering the Great Green Fleet and demonstrating progress toward a sustainable energy future.
Big value spread between 'best' and 'worst' fuels TWI values for October show over 30% difference in value based on fuel quality scores.
Lukoil takes step to cut fuel oil production Coking unit installed at Russian refinery to produce more high-value fuels.
IFO prices drop by double-digits in Fujairah In Cape Town, deliveries for IFO were available for supply from November 18 to December 2.
Rotterdam market softens Piraeus is facing product shortages, player tells Bunkerworld.
Europe's first LNG-fuelled barge to be christened in Rotterdam 6,100 mt capacity bunker barge will run on a mixture of 20% diesel and 80% LNG, company predicts LNG use will 'take off.'
Bunker suppliers among Genmar's top creditors Genmar has total debts of $1.4 billion, US court filling shows.
IFO prices fall by double-digits in Hong Kong, Busan Demand average at most Asian bunkering ports on Friday.
Losses mount for Torm in Q3 The company 'negatively impacted' by $5 million non-cash loss relating to freight and bunker derivatives.
Algeciras sees 90% increase in bunker sales Bunker sales for the first six months of 2011 significantly higher than the corresponding period last year.
Establishing a bunkering protocol in West Africa Protocol to be similar with the Singapore Standard Code of Practice for Bunkering.
Tanker firm files for bankruptcy protection Bankruptcy proceedings will affect all Genmar subsidiaries except those in Portugal, Russia and Singapore.
Singapore's stocks of fuel oil up Middle distillate stocks also increase during the 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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