Supertankers no easy targets for terrorists Supertankers - the hulking, slow-moving ships that transport half the world's oil - have few defences against terrorist hijackers like those envisioned by Osama bin Laden, security experts said on Saturday.
Pacific Basin worried on vessel rates till '13 Pacific Basin Shipping Ltd, Hong Kong's largest operator of dry-bulk vessels, said it was 'concerned' about the outlook for rates through 2013 as a glut of new ships enter service. 'We are concerned about the two years ahead of us,' said chief executive officer Klaus Nyborg at a shipping conference in Imabari, Japan yesterday. The company is 'fairly confident' about the market after that, he said.
Kombiverkehr boosts capacity between Rotterdam, Duisburg and Dortmund The Frankfurt (Germany)-based intermodal service provider Kombiverkehr is boosting capacity for rail transport in hinterland services in collaboration with Optimodal Netherland B.V...
The Mont Blanc tunnel closing at night The Mont Blanc tunnel will close at 22.30 on 23 May until 06.00 on 24 May for a security exercise and maintenance work. In addition, traffic will flow in alternating...
CTS Salzburg boosts train frequencies and capacities The Austrian service provider Container Terminal Salzburg GmbH (CTS) is operating additional trains a week between the German ports of Hamburg and Bremerhaven and Salzburg to incre...
Ter Haak starts new rail shuttle service Ter Haak Intermodal (THI) is launching a new rail shuttle service between the port of Rotterdam and the tri-modal inland terminal in Strasbourg (France). The Alsace Rail Shuttle wi...
OAG Cargo targets growth in Eastern Europe The US-headquartered service provider OAG Cargo is seeking new business opportunities in Eastern Europe for its leading decision support tools for the air cargo industry. To furthe...
MAN Group: HGV sector sees strong start to current year The MAN Group, a German vehicle manufacture, reported a very strong start to the current year, especially in its commercial vehicle division. In Q1/2011, the value of incoming orde...
France: more stringent penalties to improve road safety The French government has decided to introduce more stringent traffic regulations and harsher penalties for any violation of those rules. The government is targeting excessive spee...
Cologne/Bonn airport chalks up black figures Cologne/Bonn airport (Germany) has reported that the positive development of the express freight service providers, UPS and FedEx, as well as a general upsurge in general airfreigh...
NOL Group invests in two-berth terminal at port of Qingdao Neptune Orient Lines (NOL Group), a Singapore-based global container shipping and logistics company, recently announced a joint venture to operate a two-berth container terminal at...
Considerable growth for port of Hamburg in Q1/2011 The port of Hamburg (Germany) achieved above-average growth of 18.2% in container throughput and a 9.8% gain in the throughput of seaborne cargo in the first three months of 2011. ...
South Carolina: port volume up in current fiscal year While the pace of global recovery began cooling, shipping activity through South Carolina's ports remained up in the fiscal year July 2010-April 2011. At its regular monthly b...
Erich Mitter celebrates 30 years at Greiwing Erich Mitter, an employee of Greiwing logistics for you GmbH, is celebrating 30 years as a long-distance truck driver on international routes. He drives a tanker from the Ludw...
Aircraft dispute: WTO causing confusion again On 18 May, the World Trade Organization (WTO) published its decision on the subsidy dispute between the aircraft manufacturers Airbus and Boeing. The WTO's findings rejected the ma...
Fiege lands RWE SmartHome as new customer The Greven (Germany)-based Fiege Group, is increasing and consolidating its eCommerce competence by taking on a new supply chain commitment for RWE Effizienz GmbH. Since spring 201...
Geodis Wilson expanding in Germany Geodis Wilson, a member of the French Geodis group based in Clichy near Paris, is continuing to expand in Germany by opening a branch office in Nuremberg. Geodis Wilson now has its...
Ceva relocates cross dock operations to new California facility The logistics and SCM specialist Ceva Logistics has announced the relocation of its cross dock operations to a new facility in Otay Mesa CA (USA). The new 2,600 sqm location, which...
Ekol Logistics receives AEO certificate The Turkish logistics service provider Ekol's German branch office in Stuttgart has been granted the status of authorised economic operator (AEO certificate). (schlote)
Syrian unrest prompts tenfold rise in Mediterranean aframax rates Many owners unwilling to fix out of east Mediterranean country, so prices have pushed up to $21,000 per day
Atlantic capesize rate rise at threat from Pacific ballasters Weak and overtonnaged Asia market may prompt owners to reposition vessels to take advantage of higher charter rates in the Atlantic basin
Shell gets go-ahead with world's first FLNG project Royal Dutch Shell has the green light to start building the world's first floating gas liquefaction vessel, marking a breakthrough for the liquefied natural gas industry as it seeks to meet growing global demand for the fuel
Transpacific box trades continue to weaken Freight rates for containerised cargoes remain under pressure on key routes, with the transpacific trades continuing to weaken
Nautilus backs UK government on armed guards' legal legitimacy Absolutely essential to ensure law is fit for purpose, says officers union
What effect will Nor-Shipping have on charter markets this year? Traditionally, the exhibition appears to impact on dry bulk rates, with prices falling as delegates go home
Owners back bunker levy as Brussels seeks climate cash International Chamber members end years of fractious infighting and reject EU emissions trading scheme
The truth will come out, and now faster than ever Seafarers' freedom to publish images of life at sea on social networking sites can pose problems for shipowners, but bring benefits too
Nordcapital to launch $72m fundraising for 13,100 teu ship Market will see KG venture as a test of investors' readiness for high-volume projects
Charterers reluctant to accept speed reductions, say tanker owners Trimming VLCC speeds by just two knots could send day rates above $100,000
IMO issues guidance on use of armed guards Flag states should have a clear policy on whether private security guards will be authorised and if so, under what conditions
EU Navfor takes masters to task over failed piracy prosecutions Reluctance to provide witness statements blamed for lack of evidence to offer courts
Prove yourself to investors, says Frangou Navios boss tells shipping companies to show they can be good stewards of capital
The whole truth Captured pirates are often released, but the military claims there is a lack of witness statements
Green regime is no piggy bank The International Chamber of Shipping's decision to support a transparent bunker levy-based system adds some much needed clarity to the emissions debate
Call for flexibility among Japanese shipbuilders Foreign owners expect yards to adapt over specification changes and low-fuel designs
Capesize owners urged to consider scrapping Carriers Chartering says 30% of capesize clients shun loss-making charters
Seven EU states face legal threat Failure to implement measures under port state control inspection regime could end in European Court of Justice
Irish shipping posts almost universal growth Liquid bulk is only sector to miss out, but imbalance between exports and imports is challenging lines
Tsuneishi wins order for three kamsarmaxes from United Ocean Deal for another three similar bulkers expected from Japanese customer next month
Russia's Ust-Luga box terminal to open first phase by end of year Development in three phases to offer deep sea alternative as St Petersburg approaches maximum handling capacity
Agility chief sees no future in container freight derivatives Carriers have no interest in derivatives, says Cas Pouderoyen
Who are Intermepa's members? Seven associations help protect the marine environment
Italy urged to set up own marine environment protection association Chairmen of Namepa and Cymepa say Italian shipowners should help clean up the country's seas
We need action, not words, to combat piracy More money will be wasted and more crews imprisoned while bureaucracy grinds on
Evergreen orders 10 boxships at CSBC Taiwan yard wins final slice of buying programme for 30 L-class 8,000 teu vessels
Asia views new anti-piracy moves Armed guards on board vessels and attacks on pirate bases considered as more ships affected
Euroseas hikes dividend on strength of boxship optimism Greece-based owner hunts more container vessels but strikes cautious note on dry bulk
US fines MOL $1.2M MOL HAS agreed to pay a $1.2M civil fine to quash allegations that it broke US maritime rules
'Hybrid' tug developed EUROPE'S first 'hybrid' tug should be ready to take to the water before the end of this year, according to Dutch towage operator Kotug
Coal price cut agreed ANGLO-American has reportedly agreed to a 4.5% price cut sought by European steelmills for hard coking coal contracts
Pittas sees box upside NYSE-listed Euroseas has posted lower quarterly losses than expected and predicted gains from its container ship strategy
Glencore IPO proves popular GLENCORE International, the major Swiss charterer of drybulk tonnage, has reportedly generated a one-day boon for brokers in London with its $10Bn IPO
UKBA slammed over port controls THE UK Border Agency is doing little to prevent the smuggling of illicit good on ships at ports in Scotland and Northern Ireland, an independent report found today
Six held after ship raid SPANISH police told Fairplay that officers today stormed a ship anchored off Tarragona and arrested six suspects in a drug ring
Buana Listya Tama IPO oversubscribed SHARES of Buana Listya Tama, a subsidiary of Indonesia's Berlian Laju, will be listed on 23 May after its IPO was oversubscribed 16.77 times
Supramax sector softens SUPRAMAX rates in the east are softening, as the South Asian monsoon and lower demand for Indian iron ore hit the market, brokers told Fairplay today
Monsoon floats Panamaxes SOUTH Asia's monsoons offered a silver lining today to Panamax owners, with the sector bracing for oversupply amid continuing newbuilding deliveries
Generosity sparks Capesize lift CAPESIZE rates have turned for the better, with fears about scarce trans-Atlantic tonnage persuading charterers to be more generous, brokers told Fairplay today
Three Principles of Transportation Optimization Companies are increasingly considering their transportation and logistics operations to be a competitive differentiator. That has triggered an increase in...
Idled Growth With what so far has been a forgettable year for ocean container lines and a welcome relief for shippers on...
Raw Pricing Logistics managers worldwide are growing more concerned by the day about pricing, but it's not the pricing you think. ...
CMA CGM Adds Piraeus Call CMA CGM will add a call at Greece's Port of Piraeus this month to its Epic service from North Europe...
US Freight Tonnage to Rise 24 Percent by 2022, ATA Says U.S. freight tonnage will grow 24 percent through 2022, with trucking hauling 70 percent of all freight by that year,...
MOL to Pay $1.2 Million for Shipping Act Allegations MOL will pay $1.2 million to settle numerous allegations that it violated the Shipping Act, one of the largest penalties in...
Lufthansa Finalizes 777 Freighter Order Lufthansa finalized an order for five 777 freighters valued at $1.3 billion at list prices that will consolidate its position...
Japan Parliament Approves FTA With India Japan's parliament gave the green light to a free trade agreement with India on Friday, paving the way for the...
Evergreen Orders 10 More 8,000-TEU Ships Evergreen Group ordered 10 new containerships with capacities of 8,000 20-foot equivalent units from China Shipbuilding Corp. The...
Logistics Market Forecast to Grow 10.9 Percent The U.S. third-party logistics market is set to grow 10.9 percent this year over 2010 to a record $141.2 million,...
Great Lakes iron ore volumes up 6.4% in April The Lake Carriers' Association reported iron ore shipments on the Great Lakes totaled 5.7 million tons in April, a 6.4 percent increase compared to a year ago. Vessel loadings were also 13.8 percent ahead of the month's five-year average. Shipments...
OOCL shifts trade directors Liner carrier OOCL said Thursday it has made several personnel changes in its global trades. Miranda Lou, managing director of OOCL's Hong Kong Branch, will succeed Taylor Gao as director of Asia-Europe trade after Gao left the company. Teddy Fung,...
U.K. agency acquires Johnson Stevens assets A major U.K.-based shipping agent has agreed to buy assets of the Felixstowe-based Johnson Stevens Agencies from U.K. administrators. Andrew Thorne, who owns several shipping companies in the United Kingdom and overseas, will take on certain shippi...
ABS opens in Stavanger, Norway Classification society ABS opened an office in Stavanger, Norway to support its growing Norwegian client base. "For ABS it is an opportunity to better serve the industry and build upon our strong ties with the Norwegian Maritime Directorate (NMD),...
CSAV expands Asia/ECSA loop, adds partners CSAV, CMA CGM and China Shipping have begun cooperating on a two-loop service between Asia, South Africa and the East Coast of South America, CSAV said in a notice Thursday. The service is an expanded version of an existing CSAV loop, the ASAX, wh...
Eimskip: Bleak outlook for 2011 The Icelandic shipping company Eimskip said it had first quarter net profit of 5.8 million euros ($8.3 million) compared to 1.3 million euro in the same 2010 period, but the company's president said he was not optimistic about the outlook for the...
FMC fines MOL $1.2 million The U.S. Federal Maritime Commission said Thursday it has reached a compromise agreement under which Japanese liner company MOL has paid $1.2 million in civil penalties. The FMC said the compromise agreement "resolved allegations that MOL violated...
Evergreen orders 10 ships from Taiwan Yard From left to right Tang Tay-Ping, the chairman of China Shipbuilding and Bronson Hsieh, vice group chairman of Evergreen signing shipbuilding contracts. Evergreen Group ordered and signed a contract with China Shipbuilding Corp. on Friday for 10 ad...
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