Samsung rolls out system to fend off pirates South Korea's Samsung Heavy Industries yesterday rolled out a system to help ships detect and fend off pirates, after the recent hijacking of a South Korean freighter near Somalia alarmed shippers.
Quick Cargo Service registers record result in 2010 Quick Cargo Service (QCS), a Frankfurt-based German air and sea freight forwarder, registered a record result in 2010. The company generated sales of around EUR 45 million, a plus ...
Lagermax group opens fourth Czech branch The Salzburg-based Austrian forwarder and logistics service provider Lagermax is expanding its activities in Central and Eastern Europe. Lagermax Spedice a logistika opened the fou...
DHL expanding global logistics partnership with Fashion Week DHL, a leading global express and logistics service provider, is expanding its partnership with the "Fashion Week" and will now also serve events in Paris, Zurich and Tok...
New World Alliance reducing capacities The New World Alliance (TNWA) has said that it will temporarily reduce capacities on selected transpacific services, to coincide with lunar new year factory shutdowns in Asia. APL,...
Saudia Cargo to fly 150 UAE-West Africa charter flights The Saudi Airlines Cargo Company (Saudia Cargo) has signed an agreement with Fast Forward Cargo in the United Arab Emirates to operate 150 charter flights from Sharjah (UAE) to Wes...
Stephan Eblen joins Hertzog & Partner's Stuttgart HR team The Stuttgart branch of the German enterprise Elmar Hertzog und Partner Management Consultants, a specialised personnel and advisory company for the logistics, supply chain managem...
China approves orders for 200 Boeing aircraft Boeing has received final approval from the Chinese government, confirming a USD 19 billion aircraft agreement. China's approval of airline contracts for 200 orders covers aircraft...
Customs-bonded truck runs still on for DB in Moscow Transeurasia Logistik, a subsidiary of Deutsche Bahn, has found a temporary arrangement for its customs-bonded post-feedering operations at the Kuncevo 2 railfreight terminal in Mo...
Major Channel Tunnel safety exercise conducted Eurotunnel collaborated with the British and French emergency services to conduct its 21st major safety exercise, involving fire, ambulance and police services from both countries....
Knorr-Bremse continues to grow The Knorr-Bremse corporation, a leading German manufacturer of braking systems for rail and commercial vehicles, increased its sales in 2010 by EUR 1 billion or 34% to EUR 3.71 bil...
France sets up ten-point plan to prevent winter traffic chaos The French minister of transport and environment, Nathalie Kosciusko-Morizet, and the secretary of state for transport, Thierry Mariani, have met representatives of the transport i...
More low emission zones in Germany A large number of German cities have stringent regulations for driving in their low emission zones. Vehicles that want to access such areas in Augsburg, Dusseldorf, Osnabr'ck, Kref...
Swiss airports record strong freight growth in 2010 The three largest Swiss airports registered substantial freight growth in 2010. Zurich airport improved its figure by 19% vis-'-vis the previous last year, to reach 411,000 t. The ...
H&S Container Line can help overcome the closed River Rhine The German inland waterway specialist H&S Container Line, a member of SNCB Logistics, has a wide range of intermodal railway and barge options for customers who need to shift c...
Port of South Carolina throughput up in 2010 The port of Charleston closed 2010 with a nearly 17% increase in container volumes, capping a year marked by new shipping services, state-wide business initiatives and the arrival ...
Factory closures over Chinese New Year hit boxship contract values Shanghai to northwest Europe route freight rate drops $80 in first three weeks of January
Suezmax earnings head towards lowest levels ever recorded by Baltic Exchange Rates on West Africa to US route fall to $6,900, while Mediterranean and Black Sea is even worse
Pacific capesize cargoes 'covered in 20 minutes' Capesize cargoes entering the market are taking less than 20 minutes to be fixed, said shipbrokers, as desperate shipowners snatch up any business they can find in the depressed market
Maersk to use twin engines in giant boxships New generation vessels unlikely to use alternative fuels
Tug attacked off Nigeria Oil worker seized and seafarer injured in incident involving anchor-handling tug
Newbuilding prices could hit record levels in four years Increasing shipyard consolidation will push up contract values up
Ferries fight back against Eurotunnel attack Battle for market share leads to broadsides over respective operators' pricing policies
Wincanton expands capacity with new Mainz terminal Inland hub to open for operations this September
Eurotunnel on track with strategy to reverse rail freight slump Eurotunnel is looking to almost triple annual through train freight volumes to 3m tonnes by 2016
Shipowners warned over huge fall in ship values Earnings too low to justify current vessel values
The deadly power of the green brigade As militant and well-organised environmental pressure groups fill the airwaves with their propaganda, they seem to be unaware of the extraordinary damage they are doing to the economy
Wisconsin backtracks on ballast policy Wisconsin is now proposing to bring its standards in line with those of the IMO
New York in deep water over new ballast regulations Shipping industry is up in arms over the US state's plan to introduce standards 100 times tougher than existing IMO legislation
Abidjan vows to fight EU measures Confusion among shipping lines serving the port and traders as to how restrictions will be affected
Box lines to relaunch Asia-Central America service CMA CGM, China Shipping and CSAV join forces
South Korean navy recaptures hijacked chemtanker Eight suspected pirates killed and five more captured in incident
German ports see strong throughput growth Total volumes across all trades up 5.8% in the first nine months of 2010
Barge sinking causes Rhine bottleneck Up to 360 barges awaiting salvage operations to clear waterway
Hong Kong to cut marine fees Charges for port facilities and light dues will fall by about 20% for ocean-going vessels and about 22% for high-speed passenger craft
Freeport Container Port on hunt for new customers Hutchison-owned facility on Grand Bahama seeks to add to sole customer MSC
Port Klang to stop handling bagged cargo Shippers and consignees must comply with new ruling by April 18
Attica raises $33m from share issue Greek firm will use half the proceeds to repay bank debt in the first half of 2011
Stena Bulk targets edible oils market with part acquisition of Weco Swedish tanker owner takes 50% share in Danish owner
KfW Ipex to fund heavylift newbuilding To provide '120m loan for ship to be built at Germany's P+S yards
Hamburg predicts record cruiseship calls in 2011 Expects 119 calls by cruiseships and 300,000 passengers
'Knife edge' seen on rates FREIGHT rates in the crude and drybulk sectors will be curbed in 2011-12 because tonnage supply will exceed demand growth, according to a First Securities market report.
Yellowcake ship docked in BC THE URANIUM carrier MCP Altona, alongside today at the British Columbian port of Ladysmith, might be returned to Vancouver for cleaning after a 'yellowcake' spill at sea, the Canadian Nuclear Safety Commission said.
CMA CGM bigs up on its ACSA route CMA CGM said today it plans to put 6,500teu ships on to its Asia Central South America service for the first time.
DFDS wins appeal of fine DFDS Lisco has reportedly escaped a '700,000 ($950,000) pollution fine imposed in France because the shipowner was already fined in Lithuania.
Blast kills salvage divers OFFICIALS are today investigating the deaths of two Turkish divers reportedly killed by an explosion while trying to salvage a Ukrainian dredger at a Georgian port.
Deal doubles Stena Bulk MR product fleet STENA Bulk, the privately owned Swedish tanker owner, said today it has acquired a 50% stake in the Danish vegetable oil carrier specialist Weco-Shipping.
Oz flood cost estimated RECENT floods across eastern Australia are expected to reduce the country's export earnings from coal by $2-2.5Bn, according to new research.
Croatia rejects yard offer CROATIA'S government has rejected a privatisation offer from Germany's Crown Investment to buy a shipyard in Rijeka on the Adriatic Sea, IHS Global Insight reported today.
Uruguay pulp mill project moves forward CONSTRUCTION on Montes del Plata's latest pulp mill and port development in Uruguay will begin in June, the company has announced.
FSL rules out indirect deals FIRST Ship Lease Trust's CEO Philip Clausius has told Fairplay that his company will no longer agree to indirect deals for charters, after a bad experience last year.
Cambodian ports prosper CAMBODIA'S two major ports reportedly generated total revenues of $35M in 2010, a 31% rise over the previous year.
One-offs lift CMB BELGIAN shipping group CMB has posted a drop in 4Q income but stable annual profits after its bottom line was boosted by one-off items.
Malaysian warship saves crew from pirates MALAYSIA'S navy has rescued the crew of a chemical tanker after the ship was attacked by Somali pirates, EU NAVFOR told Fairplay today.
Chinese ECAs 'here to stay' EXPORT credit agencies in China are playing a larger role in the provision of funds for shipping, a London conference has been told.
Argentine farmer lockout shuts grain boards ARGENTINA'S main grain boards are nearly closed down and blockades planned today in a crop lockout that farmers have staged since 17 January.
LaHood Expects Highway Bill by August Transportation Secretary Ray LaHood, signaling new Obama administration resolve to get a national transportation spending plan, says he expects a...
Heartland Express Profit Jumps 43.9 Percent Heartland Express increased its profit 43.9 percent year-over-year to $15.4 million in the fourth quarter, as sales rose 13.7 percent...
Wal-Mart Orders $1 Billion in Supply Chain Savings Wal-Mart Stores will use its global transportation and logistics leverage to cut fruit and vegetable prices by $1 billion, the...
House GOP Bloc Would Slash Passenger Rail Programs The House Republican Study Committee wants to zero out President Obama's grants program that gives states seed money to develop...
Crowley, Seaboard Increase Bahamas Bunker Charges Crowley and Seaboard Marine, members of the Florida-Bahamas Shipowners & Operators Association, will increase their bunker surcharges on all imports...
Port of Chennai Breaks Ground on Roads India's Port of Chennai, which is struggling to cope with increased congestion, broke ground on the Chennai-Ennore road connectivity project,...
Nationwide French Dockworker Strikes Begin French dockworkers Jan. 21 began a four-day nationwide strike amid warnings of further stoppages as port employers resist union demands...
S. Koreans Kill, Capture Pirates, Free Hostages In a daring raid at dawn in the Arabian Sea, South Korean commandos on Friday boarded a hijacked ship, killed...
Three Carriers Upgrade Asia-South America Loop CSAV, CMA CGM and China Shipping, are upgrading the size and number of ships they operate under a vessel-sharing agreement...
DHL Launches Nhava Sheva LCL Service DHL launched a direct less-than-containerload service from India's largest container port of Nhava Sheva (Jawaharlal Nehru) to Durban, South Africa....
Could Kissinger head-off a US/China trade war? President Hu Jintao's state visit to the US this week has been described as the 'most important by a Chinese leader in 30-years'. Given that the duration of the two nation's bilateral trade agreement - now valued at in excess of USD425 billion per annum - is not much older, the tour is clearly significant in Sino-American relations.
Seaspan issue fuels debate Gerry Wang-led liner giant prices preferred offering while investors seek clarity in $100m alliance with Tiger Group.
Siem cuts 'sticky' stake Kristian Siem's offshore wing offloads minority holding in Nordic technology firm.
Wells says 'go long' Equity guru urges investors to watch shares of Navios Parnters as 8.7% slip offers "solid entry point" ahead of earnings.
Tor Viking plunders ice deal Rederi TransAtlantic vessel called in by SMA as part of long-term deal to break ice in Baltic.
Nine-year-old boxship scrapped S.Gabriel to be demolished in Denmark following serious grounding off Azores in 2009.
P+S Werften adds CSV German shipbuilder reveals "milestone" contract for a construction support vessel.
Man lost off P&O ferry Search underway off Scotland after passenger reported missing from ferry European Highlander.
Cantor cuts US-listed duo Crude Carriers and Excel Maritime see buy tags disappear as Natasha Boyden drops rate forecasts.
One seized off Nigeria Chief engineer kidnapped and another injured as Agip-linked vessel reportedly leaves convoy too early.
Mohave Maiden fined US-operated bulker's master pays $36,000 to Georgia for alleged environmental damage.
Bank flags game-change "Doomsayers may have finally called it right" in tanker sector, JP Morgan admits amid a flurry of downgrades.
Strength in steel SMT Shipmanagement cargoship tops $500 per ldt as demolition prices in Indian sub-continent stay solid.
Aussies clear channel of debris Navy opens up route from Caloundra through Moreton Bay to Brisbane following floods.
Helix pair on spill watch New York-listed offshore company reveals two of its vessels have been placed on stand-by to help deal with any Macondo re-run.
Berge Frost off to breakers Sohmen-controlled BW Gas reportedly offloads 1983-built VLGC for firm $11.5m.
Hitachi DC moved without a hitch STI, a trucking and logistics service provider that caters to customers with special handling requirements, said it recently relocated a major distribution center for Hitachi Data Systems from Plainfield, Ind., to Norman, Okla., over the course of ...
Cass adds analysis to reports Cass Information Systems, a freight audit and payment provider and publisher of statistical freight data, has expanded the format of its 20-year-old Freight Index report to include commentary from an independent business analyst and authority on s...
BBVA, Wells Fargo Ex-Im Bank-approved lenders The U.S. Export-Import Bank has approved Banco Bilbao Vizcaya Argentaria S.A. and Wells Fargo Bank as eligible lenders under its Medium-Term Delegated Authority (MTDA) Program. As MTDA lenders, these banks can increase use, and speed approval, of E...
House T&I subcommittees organized Republican and Democrat leaders on Thursday announced the top assignments for subcommittees in the House Transportation and Infrastructure Committee. Chairman John Mica, R-Fla., named Frank LoBiondo to helm the Coast Guard and Maritime Transportat...
Census proposes AES filing changes The U.S. Census Bureau has proposed to amend its regulations to reflect several new export reporting requirements. Specifically, the agency wants to require mandatory filing of export information through the Automated Export System or through AESD...
Naviland starts Le Havre-Germany container rail link Naviland Cargo, a SNCF Geodis subsidiary, has started the first container rail link to operate between the French port of Le Havre and Germany. After beginning services to the Benelux countries in 2007 and Spain in 2009, Naviland will use this newe...
Union Pacific profit up 47% in 2010 Union Pacific Corp. said it had net profit of $2.8 billion in 2010, 47 percent more than in 2009. Freight revenue increased 20 percent to $16.1 billion. The railroad said all six of its reporting business groups -- industrial products, intermodal, ...
Videotel names Cleave CEO Videotel Marine International, a provider of maritime training systems, has appointed Nigel D. Cleave to chief executive officer. Cleave, a 35-year shipping industry veteran, will be responsible for the day-to-day operations of the business as well...
South Korean Navy foil Somali pirates South Korean special forces stormed a hijacked ship early Friday and rescued 21 sailors while killing eight pirates in the Arabian Sea, according to multiple news reports. Five suspected pirates were captured during the five-hour operation. South ...
Stena Bulk doubles its MR-fleet Swedish Stena Bulk doubles its MR-fleet (Medium Range) of product tankers from 15 to 30 vessels by acquiring 50 per cent of the Danish shipping company Weco. Its objective
Grounded bulk carrier soon afloat The grounded Panama-flagged bulk carrier Santa Elena will probably be able to continue its sailing to Århus soon. The vessel ran aground on a sandbank near Sletterhage, while on
Another two bulk carriers hijacked Another two bulk carriers have been boarded by pirates in the Indian Ocean, EU Navfor reports. The Mongolian-flagged, Hoang Son Sun, 22.835 DWT, is believed to have been
Carnival names Martin Landtman SVP Martin Landtman has been named senior vice president ' marine operations at Carnival Cruise Lines. He will oversee all aspects of marine operations for the fleet of 22 vessels, including technical
Oceanbat SA moves to new office Oceanbat will be moving to a new location on .
Bunker prices drop in the Americas Crude futures sink lower over worries on high oil supplies.
Scientist claims success for CO2 scrubbing method 97% of CO2 removed using seawater and calcium in power station simulation, method has parallels to Ecospec's CSNOx system.
EMSA awards contract to study and test EEDI Deltamarin says main objective is to provide a technical study in order to refine application for certain categories of RoRo ships.
Fujairah prices mixed IFO quotes resumed in Durban after long dry spell.
Rotterdam market mostly firm Some suppliers in Rotterdam are fully booked until Tuesday.
Analysis: Key Med ports offering competitive LSFO options Limited market penetration but still good opportunities for ECA-bound vessels to lift LSFO en route.
Week ends with downtrend in IFO prices Mixed demand at Asia's key bunker hubs on Friday, traders say.
Polish supplier bids farewell to senior staff Senior trader at Ship-Service leaving company to continue career abroad.
Chemoil strikes off 'dormant' subsidiaries As part of the company's rationalization programme to increase efficiencies, says firm.
Russian minerals miner places order for bunker tanker Seeks to renew port fleet in cooperation with local shipyards.
Chimbusco 2010 bonded bunker sales volume up 19-20% State supplier sold an estimated 5.6 million metric tonnes of bonded bunkers in 2010.
Vessels caught in illegal bunkering off Malaysia Supplier cooperating with Malaysian police, intends to bring case to Singapore's CPIB, says company source.
Colombo faces supply crunch on cargo delays Tight avails to ease next week when replenishment cargoes arrive.
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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