Tanker glut shrinks on demand A glut of supertankers seeking to load crude from ports and terminals in the Persian Gulf shrank amid speculation that demand for cargoes heading west may increase.
Capesize rents fail to rally on vessel glut Rents for capesize ships that haul iron ore and coal may fail to sustain a rally because of a glut of vessels, according to Clarkson Research Services Ltd.
S'pore is Britons' 3rd hottest cruise destination: poll BRITISH cruise-takers have named Singapore as their third favoured destination, alongside their perennial Mediterranean favourites, Barcelona and Rome.
Boeing delivers fifth Globemaster to RAAF Boeing last week delivered Australia's fifth C-17 Globemaster III airlifter to the Royal Australian Air Force (RAAF) during a ceremony at the C-17 programme's final assembly facili...
British government and Russian Railways to cooperate The Russian Railways and the British government have signed a memorandum of understanding which envisages cooperation in the upgrading of railway stations in Russia between 2013 an...
Europorte and Trenitalia in partnership The Italian rail operator Trenitalia and Europorte, part of the Eurotunnel Group, have concluded an agreement establishing an international railfreight link between France and Ital...
Halfords Autocentres joins 1link Service Network Halfords Autocentres has signed up to the 1link Service Network as a supplier of service and maintenance for light commercial vehicles up to 3.5 t. The company, which has 244 centr...
First Japanese open-skies deal with non-Asian country Japan and Canada last week concluded bilateral talks in Vancouver which will liberalise air traffic between the two countries. The open-skies agreement is due to come into effect i...
Iata predicts tough airfreight future The International Air Transport Association has released a new industrial forecast, based on the fact that airfreight has stagnated since the start of the year. Iata slashed its fu...
TNT Express boosts road haulage between China and Southeast Asia TNT Express is making it easier to ship products by road between China and Southeast Asia. The company has successfully integrated of its Chinese day-definite domestic road network...
DB Schenker opens new logistics centre in Italy DB Schenker has opened a new logistics centre that combines rail and road activities in Dinazzano in northern Italy. The new handling hall is located directly next to a Schenker It...
ProLogis leases warehouse space in Brazil Logistics property developer ProLogis has signed a lease in Brazil for a 310,000 sqft facility with a leading Brazilian retailer. Luis Gutierrez, ProLogis' president for Latin Amer...
Exel to build large Laredo DC Exel, the North American contract logistics unit of DHL Supply Chain, will build a 250,000 sqft distribution centre in Laredo TX, to serve as a hub for shipping across the US-Mexic...
Barig elects executive committee members The members of the Board of Airline Representatives in Germany (Barig) have re-elected Christine Alig, an Austrian Airlines manager, to its executive committee. The Barig chairwoma...
ATIC Services buys Morski Terminal Masowy Gdynia The French group ATIC Services, a European logistics leader, is acquiring the Morski Terminal Masowy Gdynia (Poland) from Zarzad Morskiego Portu Gdynia, signing a thirty-year lease...
Ketchikan Shipyard selected for new Alaska class ferry Alaska Ship & Drydock (ASD), the operator of the state-owned Ketchikan Shipyard, has been selected as the construction manager/general contractor for the new Alaska class ferry...
Greek modernisation goes on Fleet analysis shows continuation of recent trends towards larger companies and ships and drop in average age
All you ever wanted to know about freight derivatives Latest volume from well-known academics blends theory and practical coverage of the market
Japan carmakers back on track but Europe may take longer Economic storm brings new challenge to Europe's auto producers and car carriers
Europe's ro-ro sector suffers yo-yo effect Recession, bounceback, then tsunami make for volatile big-dipper ride for car carriers
With pain comes new opportunities for Greece The government's privatisation programme aims to raise €50bn in the near-medium term just as many smaller and medium-sized companies are looking at markets abroad for the first time
Athex keeps faith with shipping quest Greece's stock exchange is about to play a key role in raising desperately-needed cash for the near-bankrupt state. When the financial dust has settled, perhaps the time will arrive for the country's shipowners to test its credentials
Maths@Sea course is calculated to help The Marine Society has found the perfect formula for ratings aiming at first officer of the watch certificates
Powerless to help Crew managers say more should be done to effect the release of hijacked seafarers
Tebbutt case should focus attention on all hostages Why are some piracy victims more equal than others?
TSA confirms new 'collective' leadership structure Six executives to form committee that reflects more diverse membership
Seaspan in talks with yards on 18,000 teu ship orders Containership owner also eyeing the VLCC sector
Two-tier VLCC market develops in Middle East Rates edge up for modern ships while older ships struggle as competition intensifies
Seaspan branching out Seaspan's Gerry Wang argues more efficient VLCCs should replace the fuel-hungry vessels now in service
Record year in the making for steel production Growing demand from Chinese mills set to raise capesize rates
Greeks signal caution on tankers as deals dip sharply Broker reveals 16 vessels contracted this year so far compared to 59 in same period last year
Maersk Line pays $9,500 a day to charter 3,400 teu boxship Deal for ER Melbourne marks new low in faltering charters market
US ransoms ban to create 'two-tier system' Some owners would still pay pirates to have crews and ships released while others could not, warns Richard Neylon
Shipmanagement bosses 'helpless' over hostage talks Pirates hold V.Ships and Anglo-Eastern crew, but negotiations are with owners and insurers
Bunker costs set to rise Reduced Russian fuel oil production to tighten supply and push up bunker costs
Back in the red Freight rates on the Far East-North Europe trade has dropped back to loss-making levels
CMA CGM and Freightliner team up for new Asda service Containers will be moved between Southampton and northeast England by rail
Dongfang posts $3.7m loss and warns of weak outlook AIM-listed Chinese yard has had no new orders since June
A novel benchmarking tool STX Pan Ocean bought a bank to get a better view of the price of money in ship finance
STX valemax ready to go Delivery of first of eight 400,000-tonne vessels built at STX yard to take place next week
STX Pan Ocean girded against long dry bulk slump South Korean shipping giant reels in long-term contracts and focuses on fleet efficiency
LNG demand could ultimately disappoint, warns Tokyo Gas East-west price gap must narrow and the global economy must find firm ground, says vice-president Takeuchi
MISC downgraded by Moody's MISC downgraded and BW Maritime's rating outlook cut by Moody's, while Standard & Poor's revises Hapag Lloyd outlook to negative
To the extraordinary Shipping will never be easy, but its direction will be sure as long as it continues to produce its unique roster of individuals
Jim Davis reveals a view into shipping's financial abyss The winner of the Lifetime Achievement Award and IMIF veteran warns that over-ordering has all 'the ingredients of the Mad Hatter's tea party'
Lloyd's List Global Awards 2011 ' The Winners Gerry Wang wins Newsmaker of the Year
Canary in the coal mine? US-based Alpha Natural Resources today announced a surprise pullback in demand among Asian buyers of met coal used in steel production
Marinakis wins vote EVANGELOS Marinakis has sealed the takeover of his Crude Carriers public company by sister Capital Product Partners with a successful shareholder vote
Batam yard reopens after fight PT NEXUS Engineering's shipyard in Batam, Indonesia has reopened today (21 September) following a fight that shut the facility yesterday
VLCC rates remain stagant THE number of VLCCs open for fixing at the Arabian Gulf over the next 30 days has exceeded 100 again, according to analysts today, leading to stagnant spot freight rates and low levels of trading
Congestion up at dry bulk terminals WAITING times in drybulk ports edged up for the third straight week, with the queue in Tubarao almost doubling to 21 vessels since 5 September
Box carriers won't see golden age again THE golden years of container shipping have come to an end due to container lines' appetite for new tonnage, said Macquarie Research's shipping analyst Janet Lewis
Misconception delays new fuel take-up A LEADING fuel analyst told Fairplay today that "suppliers' misconception" lies at the heart of the low take-up rate of the 2010 standard of the ISO:8217 marine fuel specification
Moody's downgrades BW credit rating MOODY'S Investors Service today downgraded tanker and offshore specialist BW Group from "stable" to "negative", citing the depressed VLCC freight market
Capesize rates expected to drop BROKERS told Fairplay today that tight tonnage availability in the Atlantic that buoyed recent Capesize rates is unlikely to last due to the arrival of more ballasters from the Pacific
Costamare adds to box fleet BOX SHIP owner Costamare bought two secondhand vessels from MSC for a combined $90M in a purchase/time charter deal
Rail Stocks Fall After Two Coal Firms Cut Outlook The stock prices of several major railroads and railcar suppliers tumbled substantially more than the overall market did on Wednesday,...
Prioritzation Plan for Inland Water Projects Pitched Creating a project prioritization plan and charging operators lock fees to prevent the further deterioration of the inland water system...
ABF Freight President Kemp to Retire Wesley B. Kemp, the president and CEO of ABF Freight System, will retire Dec. 31 after more than 40 years...
Lidinsky To Ask FMC To Study Prince Rupert Federal Maritime Commission Chairman Richard A. Lidinsky Jr. plans to ask the agency at its Oct. 5 meeting to launch...
Highway, Port Groups Praise Funding Vote Highway and port groups applauded a vote by a Senate Appropriations subcommittee that maintains highway funding in the face of...
Damco Flies 52-Ton Compressor From India to Berlin Damco Airfreight recently transported a 52-ton compressor from India to Berlin via an Antonov 124, the world's second-largest operating cargo...
Guido Bart, Former Matson Executive, Dead at 87 Former Matson Navigation Co. and APL executive Guido Bart died Sept. 16 in Santa Barbara, Calif., at the age of...
Kuehne + Nagel Adds Shanghai-Guangzhou Link Logistics provider Kuehne + Nagel established a thrice-weekly highway service linking Shanghai and Guangzhou and said it is adding depots...
Pacific Carriers to Lead TSA Collectively The Transpacific Stabilization Agreement shifted its leadership structure from a single chief to a six-member executive committee, as the 15-Pacific...
Schneider Logistics Offers LTL Shippers 'Shared Ride' Schneider Logistics is offering shippers an integrated delivery service that it says can cut transportation costs for certain types of...
Drewry Rate Benchmark Slips 5.6 Percent Asia-to-U.S. spot rates tracked by Drewry Shipping Consultants' weekly index slipped 5.6 percent this week to $1,561 per 40-foot container...
EU OKs Bailout of Shipping Lender HSH Nordbank European Union regulators approved a $41 billion state-funded bailout for Germany's HSH Nordbank, the world's biggest shipping bank. In...
S&P Downgrades Hapag-Lloyd Outlook Standard & Poor's revised its outlook for Hapag-Lloyd from "stable" to "negative" but confirmed the German ocean carrier's BB+ credit...
Japan Posts First Post-Quake Export Growth Japan's exports grew for the first time in August on a year-over-year basis since the catastrophic earthquake and tsunami hit...
DHL in China DHL opens Beijing pharma warehouseDHL said Wednesday it has opened an additional facility in China designed to serve the pharmaceutical industry. DHL forwarding unit opens China officesDHL Global Forwarding has opened five offices in China, the com...
S&P revises Hapag-Lloyd outlook to 'negative' Rating agency Standard and Poors said Tuesday it has revised its outlook on German containership operator Hapag-Lloyd to negative from stable. At the same time, it affirmed the BB- long-term issuer credit rating and the B issue rating on the 480 m...
Slagle to succeed Kemp at ABF Wesley B. Kemp will retire as chief executive officer and president of ABF Freight System on Dec. 31, parent company Arkansas Best Corp. announced Wednesday. Roy M. Slagle, ABF's senior vice president of sales and marketing, was named to replace K...
Supply Chain Manager Benchmark Study American Shipper'sfirst study covering the supply chain practitioner, co-produced withThe Georgia Institute of Technology's EMIL-SCS Executive Master's Program , gauges roles, responsibilities, compensation and opportunities prevalent in the indust...
GSP, TAA, FTAs
Zim drops Nhava Sheva on Asia/Black Sea A Zim-operated service between the Far East and Black Sea will drop calls at India's largest container port as of late October, according to a note this week from Hapag-Lloyd, which takes slots on the service. Starting from the Oct. 24 sailing, Zi...
Schneider offers new LTL service Schneider Logistics said it is offering a new service that pools deliveries of shippers with reoccurring less-than-truckload moves. The new Integrated Delivery Services (IDS) was piloted in Denver with shippers of competing brands who had similar ...
UP to double track Nebraska/Iowa line Union Pacific Railroad said Tuesday it would invest nearly $300 million over the next few years on its central corridor between Fremont, Neb., and Missouri Valley, Iowa. UP called the corridor "a primary shipping lane," with the investment part of...
U.S. challenges Chinese chicken duties The United States is challenging Chinese duties on U.S. chicken exports. Kirk U.S. Trade Representative Ron Kirk said Tuesday that the Obama Administration is requesting consultations in the World Trade Organization (WTO) to challenge Chinese antid...
Trade bills see light of day on Hill The U.S. Senate's unanimous consent agreement Monday evening to begin debate on retroactively renewing the Generalized System of Preferences and the Trade Adjustment Assistance program could have a positive domino effect on pro-trade legislation p...
European Commission adopts paper on maritime pollution Proposed legislation says the European Investment Bank will pay particular attention to projects that help the sector cope with environmental challenges.
Fujairah prices rise A player fully committed so was unable to quote in Durban.
North American ECA will pressure distant markets 'A greater onus will be placed on South American and Far East ports,' says Lintec Technical Manager.
Bunker markets rise For prompt deliveries in Hamburg, barging was said to be tight.
IMF, World Bank to recommend bunker fuel levy Leaked draft paper says finical institutions will recommend surcharge on aviation and shipping fuels.
Brokers welcome information on bunker consumption Baltic Exchange has been reporting speed and fuel consumption in its daily fixture list.
UK Navy designing fuel-efficient frigate Vessel will have non-drag hull paint.
DMCA in bid to establish UAE bunkering standard Focus on safety, environmental sustainability in light of MARPOL Annex VI changes, and dispute resolution.
Mid-week prices largely up at bunkering hubs Supplies of bunker material ample at major Asian ports on Wednesday.
Japanese firm unveils more details of LNG propulsion system Design suitable for use on box ships up to 10,000 TEU to enable switch to LNG in ECAs.
Fujairah oil storage terminal for lease Emarat is 'collecting bids' for the leasing of its storage tanks.
Russian supplier deploys new bunker tanker at Murmansk port Russian-flagged RN Magellan may be relocated to St. Petersburg port in the future.
Supply and support platform launched for cruise ships in Singapore Singapore Cruise Centre launches Cruise 360 to provide bunkering and other cruise ships's needs.
Chinese shipbuilder in talks for $50 million bunker tankers deal Dongfang Shipbuilding posts 55.2% decrease in gross H1 profits due to weak sales.
Tight IFO avails easing at Far East Russian ports Healthy bunker demand at Far East Russian ports, traders say.
Better revenue yields 'offset' higher fuel prices Increase in fuel costs, however, expected to lower Carnival's full year earnings.
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