China downplays sea spats in region after Obama challenge China played down tensions with the US and proposed funding to enhance maritime cooperation in South-east Asia after President Barack Obama challenged its actions in the South China Sea at a summit of Asian leaders.
Gen Maritime can draw on bankruptcy loan General Maritime Corp, the second-largest US owner of oil tankers, can draw US$30 million of a US$75 million loan that will require it to file a plan of reorganisation in 75 days or sell all its assets.
Returns for oil tankers rise to 8-month high Returns for supertankers hauling two million-barrel cargoes of Middle East crude to Asia rose to an eight-month high as refinery demand increased the number of ships chartered and reduced the tally of available vessels.
Imperial Baris station ro-ro barge in Magdeburg The German company Imperial Baris is offering additional special heavylift services by stationing the ro-ro push-barge "Europa 1" in Magdeburg (Germany). It will be deplo...
Southeast Asia an attractive railway market The market for rail technology in Southeast Asia has a volume of about EUR 1.8 billion - and is set to grow far higher than in other regions, according to a study of the railway ma...
Australian court fines Korean Air for cartel activities A Sydney federal court in Australia has fined Korean Air Lines AUD 5.5 million (EUR 4.1 million) for fixing prices as part of a cartel. The Australian Competition and Consumer Comm...
InterRail expands offering for Central Asia The InterRail Group has successfully started a round-trip container service between Uzbekistan and India and China. This reduces the number of empty containers transported and cuts...
Runway expansion in Rio de Janeiro The Brazilian airport operator Infraero has begun work on a runway expansion project at Galeao-Antonio Carlos Jobim airport, the largest hub in greater Rio de Janeiro. The USD 37 m...
P&O Ferrymasters doubles Cabot volumes in two-year deal Following a two-month tender process, P&O Ferrymasters has strengthened its position as a leading pan-European transport supplier for the Cabot Corporation, a US chemical produ...
Euro-Leasing and MAN Rental launched in Sweden The Euro-Leasing group, which belongs to MAN Truck & Bus, is expanding its Scandinavian activities. To provide Swedish forwarders, transporters and logisticians with its on-sit...
Alexandre de Juniac named Air France chairman The board of the French flag carrier Air France has named Alexandre de Juniac as the company's new chairman of the board and director general. Jean-Cyril Spinetta, the Air France-K...
Another record for Boeing At the recent East Asian summit held in Bali (Indonesia), US president Barack Obama witnessed the announcement of the largest commercial airplane order ever placed for Boeing aircr...
Further decrease in the Howe Robinson Container Index The Howe Robinson Container Index (HRCI) fell by 16 points or 3%, from 556.6 points in the week ending on 4 November to 540.5 in the one ending on 18 November. The fortnight saw sm...
TNT Express planning hub in Hanover The CEP service provider TNT Express will build a new distribution centre in Hanover in 2012. The contract for a plot at Hannover Langenhagen airport was signed recently. The parti...
Holleman Bulgaria transports wind turbine generators for Siemens Holleman Bulgaria transports wind turbine generators for Siemens Holleman Bulgaria, a member of both the Worldwide Project Consortium (WWPC) and of Cargo Equipment Experts (CEE) ne...
CitySprint to acquire Lewis Day courier operations CitySprint has agreed to acquire Lewis Day's UK courier operations, building on its position as the country's leading same-day courier and distribution network. As part of the deal...
US government fails in bid to extend detention of Gaurav Prem master Magistrate's order to complete probe in magic pipe case by December 9 is upheld by district judge
Charter for Solvang-owned VLGC set to drive market below $70 per tonne Surprise low rate for Clipper Sirius forces new market forecast for coming weeks
Secondhand panamax prices start falling again Older tonnage hit hardest as sale and purchase market continues to plummet
Grimaldi adds Genoa-Valencia freight service to Motorways of the Sea Two modern ro-ro ships will sail three times a week both ways
US storms into global LNG export market New opportunities for gas carriers in wake of landmark liquefied natural gas deal
Where will US gas cargoes go? Chile and Asia could soak up exports
Drive for energy independence fuels surge in shale gas production High volumes push down prices, boosting export opportunities
Antwerp starts work on second left bank lock Deurganck dock access to be completed by 2016
Sanko Steamship commits to second deal for MR tanker pair Price paid shows deterioration of the market in past weeks
Indian LNG import capacity set to double BP-Reliance joint venture to boost liquefied natural gas imports
Royal Fleet Auxiliary ratings to join UK public sector strike MCA staff also set to walk out
Sobrena workers demand state aid to save French yard Brittany Ferries contract win gives stay of execution
Owners avoid pressure to accept dangerous cargoes Crew safety is being neglected when carrying bulk cargoes prone to liquefaction
Law firms need not fear consolidation Solid shipowners needing capital will continue to look to solid ship finance banks and suitable lawyers
Democracy in Greece not on hold All changes in the Greek government so far have been constitutional
Ferguson wins first hybrid ferry contract Glasgow yard to build two low-carbon battery-diesel ro-ros
ABS warns against green ship design US class society says trend creates conflict of interest in area of 'ethical quicksand'
Rickmers Group gears up for consolidation Changing funding model as bank loans dry up
EXCLUSIVE: Algeria exchange controls could spark shipping pull-out Maersk and CMA CGM cash stuck in country
US lifts sanctions on Libya's GNMTC Libyan company's fleet of 24-strong vessels free to trade
EXCLUSIVE: HSH Nordbank warns shipping loans will become scarcer Torsten Temp says eurozone crisis will force banks to reduce lending books
GMS holds back publishing of Indian subcontinent scrap rates Increased renegotiations lead to greater price uncertainty in main demolition market
Hammonia looking at CMA CGM boxships German vessel operator in the midst of negotiating purchase of two post-panamaxes
Eitzen Chemical axes pool operations Move is part of efforts to raise liquidity
Spain sets out transport goals New government to prioritise intermodal links
Neighbourliness in the Pacific President Obama may be roiling China, but the engagement is constructive
Get well soon, GenMar Some leading companies have been through Chapter 11 and lived to tell the tale. We hope General Maritime will too
Hapag sees Atlantic boost GERMAN box line Hapag-Lloyd said today it produced operating profits in the third quarter despite great Far East pressure on freight rates
Bangladesh breaker killed A WORKER was reportedly killed today at the Prime breaking yard in Bangladesh - even though the country has barred such companies from acquiring new ships to recycle
NYSE ejects GenMar PETER Georgiopoulos-chaired General Maritime has received preliminary bankruptcy court approvals and confirmed that its trading days on NYSE are over
Savannah unveils scheme OFFICIALS approved a $6.5M improvement for box handling facilities in Savannah, the port affirmed today
Chevron accepts responsibility Brazil spill US OIL company Chevron today accepted responsibility for an oil spill off Brazil
Italian ro-ro expansion ITALIAN ro-ro operator Grimaldi has defied sovereign debt fears and announced a new service between Italy and Spain
Robust 2012 seen for offshore drilling SINGAPORE'S yards could benefit from increased demand for ocean drill rigs in 2012, analysts predicted today
Will BIMCO's licence say: have gun, will travel? BIMCO said today it has started working on a standard contract for employing armed guards
Spanish builders cross fingers after election SPANISH shipbuilders told Fairplay today they are pushing ahead with efforts to establish a tax lease scheme despite uncertainty over the new government
India ship shares battered SHIPPING stocks in India tumbled today, with most leaders hitting a year's low on economic slowdown fears and the country's foreign trade fall
Pirate suspects arrested POLICE in Somalia have reportedly arrested pirates related to the attack on the Greek tanker Olib G
China seeks 'maritime connection network' CHINA HAS reportedly proposed a co-operation fund for developing a "maritime connection network" with Southeast Asian nations
Manila clears most ferries EIGHT of nine Superferry vessels were cleared today to resume operations in the Philippines, as an inquiry continued into last week's fatal fishing boat-ferry collision
ATS narrows losses by 45% LOSSES at ATS Consolidated have narrowed by 45% in the third quarter of 2011
Paris offers help to SeaFrance worker group FRENCH transport minister Thierry Mariani has offered government help to the worker co-operative bidding to take over SeaFrance, which continued today to suspend Channel services
Diesel Hits $4 Mark for First Time in Six Months Diesel prices across the United States increased 2.3 cents in the week ending Nov. 21, rising over $4 a gallon...
Thai Floods Force CEVA to Re-engineer Supply Chains CEVA Logistics is working to re-engineer the supply chains of its automotive and hard disk drive customers because Thai floods...
Postmaster General Urges Bolder Postal Reform Postmaster General and CEO Patrick Donahoe urged Congress on Monday to take a bold approach to reforming the U.S. Postal...
Lufthansa Puts Frankfurt Expansion on Hold Lufthansa Cargo is suspending plans for a $1.35 billion expansion of the airline's Frankfurt hub because of a German court's...
Railroads Say Weak Exports Hurting Grain Shipments Grain transport on U.S. railroads fell 18.3 percent year-over-year in the past week, extending a steep slide in shipping from...
Pacific Northwest Ports' Imports Fall, Exports Rise Containerized imports generally lagged but exports continued to grow in October at the ports of Oakland, Portland, Tacoma and Seattle....
TransCore's Shrader Sees Strong Freight Volume in the US Truckload Market (Video) Despite mixed signals in other parts of the global shipping economy, David Shrader, senior vice president for operations at TransCore,...
October Class 8 Orders Top Projections Orders for Class 8 heavy trucks hit a six-month high in October, with manufacturers receiving 29,824 new orders and 28,026...
Savannah Expands Intermodal Railyard The Georgia Ports Authority board approved a $6.5 million, 6,000-foot extension of the Mason Intermodal Container Transfer Facility, as the...
Supply Chain Under Water When Honda resumed production at one of its plants near Bangkok more than a month after shutting its factories amid...
Japan's Trade Balance Slips Back Into Red Japan suffered a trade deficit of $3.56 billion in October, as exports fell amid a slowdown in the global economy...
Container Traffic Grows at Major Asian Gateways Box throughput at leading Asian gateways grew in October despite the economic uncertainties that plague key European and U.S. markets....
Hapag-Lloyd Profit Falls 94 Percent to $17.5 Million Hapag-Lloyd said currency swings and rate competition caused third quarter profit to drop 94 percent year-over-year to $17.5 million, but...
Hong Kong Air Freight Drops 8.2 Percent Hong Kong International Airport saw cargo volume fall 8.2 percent from the same month a year ago as a surge...
Marine Highways' New Direction While attending a recent two-day marine highways workshop at George Mason University, I realized the concept has been studied exhaustively...
Trucking Dashboard 2011: Third Quarter The for-hire U.S. trucking industry took a detour around economic fears in the third quarter, as year-over-year increases in freight...
Brokers Climb the Logistics Ladder Shippers turned to freight brokers for truck capacity in increasing numbers in the third quarter, boosting revenue at third-party intermediaries...
Lytle Takes the Helm at Long Beach The Port of Long Beach is in the early days of implementing the largest capital expansion program in its history,...
Built to Grow If industrial real estate is an accurate barometer of where the international trade economy is headed, the transportation industry should...
Carriers Joined at the Ship? Container shipping's latest slide into red ink is reviving talk about mergers and acquisitions among carriers. Major ship lines...
Blowing the Whistle Proving again that shareholders no longer are willing to tolerate systemic shortcomings from those in charge of public companies, the...
Hardly Pushing the Envelope Is $5.1 billion enough to get the attention of Congress? The loss the U.S. Postal Service piled up in the...
Hapag-Lloyd finishes Q3 11 in the black Hapag-Lloyd outperformed the market in Q3 11. Whereas most other carriers slipped further into the red, it just ended up with a small positive result of EUR9.6 ...
Yusen Logistics (India) In the latest phased global roll-out of its integration of NYK Logistics and Yusen Air & Sea Service the NYK Group has announced the formation of Yusen ...
IAS launches new web modules for better connectivity Oakland (US)-headquartered software/technology company International Asset Systems (IAS) has launched extensions to its DispatchManager - a web solution that automates ...
Containerisation International Yearbook 2012 to be published in December
Evergreen splits pendulum service again Evergreen has split its UAM pendulum service between the Mediterranean and US West Coast back into two separate Transpacific and Asia/Europe strings. Instead of ...
Congress' interest in ending US antitrust immunity sparked on eve of FMC study release The Federal Maritime Commission's (FMC) study into the impact that the ending of anti-trust immunity for liner shipping conferences in Europe has had on the industry ...
Thailand's economy suffers flood hit The economy of Thailand expanded by a disappointing 3.5% in the third quarter of the year as the severe floods that have swept the country since July, killing at ...
India tightens the noose on old ships A two-day seminar in Chennai, India last week, as part of the Institute of Chartered Shipbrokers (ICS) centenary celebrations, was inaugurated by G K Vasan, Union ...
Capital curtails spot exposure Capital Product Partners pulls VLCC out of the spot market as parent rides to the rescue with another long-term charter.
Analysts examine Diana deal Equity gurus see more acquisitions on the horizon for New York-listed bulker owner following latest $32m raid.
Wikborg exits AMA Manhattan-based boutique waves goodbye to co-founder as fate of Norwegian outpost hangs in the balance.
Yang Ming tied to scrap pact Brokers finger Taiwanese transport giant as seller in $9m demolition deal.
Norden selling KLC exile Former Korea Line chartered vessel draws huge attention in Greece as Danish owner invites offers.
Shipping's coming crisis Shipowners' organisation says market distortion from redundant shipyards is the real threat facing owners.
Another breaker dies Bangladeshi worker loses life after falling down a lift shaft at Chittagong yard.
Crew stranded off Sudan Seafarers running out of supplies on Sri Lankan vessel denied berth over unpaid fees.
Deep Sea reels in extension EnQuest adds another 300 days to platform-supply vessel deal with Oslo-listed owner.
Korean owner trimming down National Bitumen Corp tipped for double scrap sale which will leave it with only one tanker.
Santos strike grips port A 24-hour strike by Brazilian port workers causes delays and disruption.
Amanda too heavy Danish cargoship stopped by German marine authorities after over-loading with scrap metal.
Globus getting stronger Expanding George Karageorgiou-led bulker owner defies tough markets to increase nine-month profit.
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
Canadian 'green vessel' retrofit draws nearer Many of the energy-saving technologies could then be deployed in commercial shipping to reduce fuel costs and lower the environmental impact of travel.
Last coal powered vessel set for LNG trial Last US vessel to be powered by coal looks to natural gas future.
Prices soften across European ports Crude oil markets extend losses in early trading.
IFO prices still tumbling in Fujairah 380 cSt price has fallen more then $40 pmt in a week.
Crew support 'crucial' for towing kites Bunker savings trigger crew bonuses, vessel operator tells conference.
Shipping's dilemma in the face of COP17 The shipping industry requires a realistic lead in time to respond positively to decisions flowing from COP 17.
Fujairah pipeline 'operational next month' 'There's a hurry to get this operational' as tension grows over Iran's nuclear programme.
'No delays' for ECA rules 0.10% sulphur cap likely to be in force in just over three years.
'Tough competition and high bunker prices' define the market Hapag-Lloyd reports sharp year-on-year fall in third quarter profit.
South China fuel oil imports up 70% in November Region expected to import 230,000 mt of fuel oil during month.
Bunker prices down double-digits at most Asian ports Mixed demand at key Asian bunker ports on Monday.
Chimbusco to offer 3.50% sulphur IFOs by December To offer 3.50% sulphur fuel oil at all Chinese ports next month.
Quebec to introduce LNG-powered ferry Ferry able to carry more passengers and vehicles than the current vessel in service.
UK-based firm launches marine fuel testing programme Fuel samples can be analysed and reported on the same day of delivery, says SeaTec Services.
MISC spending $3.5 million in energy efficiency studies MISC's LNG carrier vessel Seri Balhaf given Green Award certification.
Buckeye posts $110 million quarterly net loss Commissions newly constructed inland dock at BORCO for fuel oil, gasoline and diesel cargo operations.
Bunker supplier resumes ops at Auckland port Bunker tanker Awanuia commencing 'normal barge operations' as of Monday.
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