Dry-bulk fleet's use seen staying below 90% Golden Ocean Group, the commodity-shipping company led by billionaire John Fredriksen, said analysts believe use of dry-bulk carriers may stay below 90 per cent for 11/2 years as the fleet expands.
Water levels fall on Rhine, Danube Water levels on the Rhine and Danube rivers in Germany have fallen again after hot, dry weather and some vessels are sailing 80 per cent empty, traders said yesterday.
Improvised sealift a lifeline for Libyan rebels Near midnight, in the darkness of the deliberately unlit Misrata harbour, the tugboat's crew loosened its lines from the pier and pulled them aboard.
Traxx electro-diesel unveiled Bombardier Transportation recently unveiled the latest addition to its Traxx modular locomotive family. Known as the 'Last Mile Diesel', it is a Traxx AC electric locomotive with a...
DB Schenker Rail to serve Baltic States DB Schenker Rail Polska and the director general of Lietuvos Gele'inkeliai recently signed a co-operation agreement that is expected to lead to an increase in rail freight traffic ...
WFS wins business in London Worldwide Flight Services (WFS) has strengthened its position as the largest cargo handler at London's Heathrow airport by winning a new contract from Continental Airlines, which h...
Kögel to assemble trailers in Turkey too The German trailer manufacturer Kögel is set to assemble its trailers in Turkey. In the new Kögel plant in Eskisehir near Istanbul, the vehicles are fully built and delivered to cl...
Steil Kranarbeiten expands fleet The Trier (Germany)-based company Steil Kranarbeiten recently expanded its fleet considerably with the addition of several vehicles, including a seven-axle MCO-PX semi low-loader a...
BLS introducing new tariff system The Swiss rail transport provider BLS is introducing a new tariff system for the piggyback train service through the Lötschberg tunnel on 1 June. Under the new scheme, reduced rate...
Mexico joins Carnet system Mexico became the 71st country to accept ATA Carnets, making it easier to bring certain goods into the country, according to the US Council for International Business. ATA Carnets ...
CSA re-expands European service from Slovakia On 23 June, the Skyteam member Czech Airlines (CSA) is resuming/launching services from the Slovak capital Bratislava to Amsterdam, Barcelona, Brussels, Larnaca, Paris and Rome. Th...
Vopak expands terminal in Tianjin with storage for LPG The Dutch tank terminal operator Vopak and its joint venture partner Tianjin Bohai Chemical Industry Group (Bohai) will develop the second phase of Vopak Terminal Tianjin Lingang (...
Another milestone for Toll's SGD 300 million Singapore oil and gas supply base redevelopment Toll Offshore Petroleum Services (TOPS), part of Australian transport and logistics Toll Group's Global Resources Division, recently celebrated another important milestone with the...
Bearpaw Footwear selects Kuehne + Nagel for international transportation and US distribution Switzerland-based logistics corporation Kuehne + Nagel will provide integrated logistics services, including international transportation, customs brokerage and US distribution ope...
Air Botswana outsources cargo sales activities Air Botswana, that operates a dedicated thrice-weekly cargo service between the country's capital Gaborone and Johannesburg (South Africa), has embarked on a new course and appoint...
Safmarine's Reefer Express returning Safmarine's seasonal Saecs Reefer Express (REX) service, which was first launched three years ago to provide extra capacity during the South African peak fruit season, is back for ...
BLG investing in offshore logistics At its last meeting, BLG's supervisory board gave its approval of investments amounting to around EUR 20 million for the development of services for the offshore industry. The mone...
Asian shipping lines part of EU price fixing probe The European Union antitrust committee has raided the European offices of Asia's major ocean carriers, as part of the continuing investigation into allegations of price and capacit...
Pérez y Cía mourns Luis Bedriñana The Spanish company Pérez y Cía announced that Luis Bedriñana, its promotion and development director, died of a sudden and unexpected heart attack at the start of his workin...
Saudi LPG export cuts rock very large gas carriers Decision to reduce butane exports by a third has knocked market sentiment
Mississippi floods slash coal movements Rising waters arestifling dry bulk carrier demand in US Gulf
Stena acquires three LNG carriers for $660m Sweden's Stena is understood to have added a third liquefied natural gas carrier to its recent two-vessel haul
Venezuela locks in two vessels for one year Venezuela's state-owned oil company PDV has chartered two small liquefied petroleum gas carriers for a year, according to broker reports
Small ships in vogue as boxship orders race along Containership newbuilding activity continues to race ahead of other sectors, with latest figures from Clarkson Research Studies showing that orders worth $8.4bn have been placed so far this year
US gasoline and oil imports hit by floods US gasoline imports have dropped almost 30%, largely due to concerns about Mississippi River flooding
ThyssenKrupp pulls Greek subs deal Hellenic Shipyards 'failed to pay agreed installments', says German steel giant
Ship Finance reports progress in newbuilding funding $171m loan for seven newbuilds clears the decks to find funds for $230m purchase
Maersk Line takes axe to illegally logged hardwood in container floors Procurement policy sees switch to bamboo, recycled plastic or hardwood certified to have come from sustainable sources
Shipowners back IMO decision on container weighing Move will significantly improve the safety of containerships, their crews and shoreside personnel, say owners
Nor-Shipping 2011: Piracy to limit global trade growth if it is not tackled now Eradicating pirate activity in Gulf of Aden and Indian Ocean must be moved up political agenda, says Martin Stopford
Nor-Shipping 2011: Brussels to step up SOx compliance monitoring Nor-Shipping seminar is told European Commission aims to promote alternative fuels
Australian dockers set to bring terminals to a halt, says Patrick About half of country's containerised trade could be at risk from week-long action over pay
X-Press squeezes in a Liverpool call Weekly containers sailing added to Southampton-Ireland service due to demand from importers in UK northwest
MOL fined $1.2m by FMC for Shipping Act violations Agreement 'resolves all issues' arising from service contracts over several years
Mitsui OSK Lines reconsiders car carrier lay-ups Company may not follow K Line's lead, saying demand might be higher than expected
Japan urges China to support IMO emissions rules Compliance urged ahead of IMO maritime environmental protection committee in July
Nor-Shipping 2011: Safety standards are unacceptable, warns DNV Shipowners must be prepared to sack incompetent crew to stem increase in casualties
Nor-Shipping 2011: environmental control areas to be defacto global standard Jeffrey Lantz blasts European Commission's threat to push ahead with a regional market-based measure
Dover prepares for rise in foot traffic as second Icelandic volcano erupts Ferry companies set to benefit from flights chaos say lessons learnt from 2010 eruption
Nor-Shipping 2011: Shipowners' future buying to focus on flexibility ABB tells Nor-Shipping conference in Oslo that key ordering decisions will in effect have to second guess future technology and environmental regulation
Nor-Shipping 2011: US shale oil will lead to fewer oil cargoes Shale oil could have a profound impact on the global supply of hydrocarbons within the next 15 years
Nor-Shipping 2011: Rikke Lind is Shipping Name of the Year Wista awards Maritime Forum 'inspiring role model' top accolade
Maersk turns over a new leaf Tackling the use of tropical hardwood to construct container floors is a move that could be to shipping's credit
Box lines back in the spotlight Shippers' complaints have given regulators a good excuse to launch inquiries
Seaspan raises $100m from issue of preferred shares Boxship owner says proceeds could go towards general corporate purposes or vessel acquisitions
Samho Jewelry pirate trial begins Four of five arrested Somalis in court in Busan following South Korean Navy hostage rescue
Denmark orders strategic paper on setting up gas bunkering network Researchers to deliver conclusions on establishing LNG infrastructure early next year
Tomorrow's revolution faces hurdles Low-speed gas injection engines may be a breakthrough, but some challenges remain
Seaspan prices follow-on GERRY Wang-led Seaspan has priced an additional follow-on offering of 4M preferred shares, the box ship lessor's final prospectus revealed today
Bin Laden put tankers in bull's-eye AL QAIDA considered more attacks on oil tankers last summer, according to data seized in the fatal US assault on Osama bin Laden in Pakistan
Eruption spares shipping ASH CLOUDS from a volcanic eruption in Iceland Might reach the UK tomorrow, with disruptions to air traffic seen as a possibility but little direct effect on shipping
SFI boosts dividend JOHN Fredriksen-controlled Ship Finance International reported today that it is boosting dividend payouts despite falling profits
NATO halts Libya tanker THE NATO-led coalition upholding the UN no-fly zone over Libya has stopped a tanker from transporting gasoline to the country, IHS World Markets Energy reported today
DNV in China running smoothly DNV TOLD Fairplay today that its recent problems with China have not permanently damaged its operations in the country, but Norway-China tension remains a concern
Korean pirate trials start SOMALIS captured in a deadly commando raid on a hijacked ship reportedly went on trial today in South Korea
DNV urges new safety stress DNV'S president told Fairplay today that rising accident rates should force shipping to stress safety over environmental issues
Scrap rates still eroding SCRAPYARDS in South Asia are lowering prices, with the monsoon season dampening sentiment
Murmansk move fizzles RUSSIA'S government has admitted it failed to find a buyer for its 25.5% stake in Murmansk Shipping
Chinese to buy into InterBulk SINOTRANS of China would pay '18.15M ($29.4M) for a 35% stake in British liquid and drybulk logistics operator InterBulk
VLCCs defy active trading FREIGHT rates on the VLCC spot market are remaining steady at low levels despite active trading, while two vessels were fixed on a long-term contract, shipping analysts said
IMO addresses guards THE IMO has issued guidance on the use of armed guards on ships - while stressing it was still not recommending them
Asia/Europe rate sinks under $900/teu SEASONAL declines afflicting the Asia/Europe box sector are continuing today, with rates dropping $16 week on week to $892 per teu
FEMA Port Security Grants Down 18 Percent The Federal Emergency Management Agency said it plans to disburse $235 million for port security grants in the 2011 fiscal...
Coast Guard Reopens River Section The Coast Guard reopened a nine-mile section of the Mississippi River at Baton Rouge, La., that was closed Friday when...
US Container Exports Up 11.6 Percent U.S. containerized exports increased 11.6 percent in the first quarter of 2011, and the 3,006,592 TEUs exported represented the highest...
JFK Freight Grows 7.1 Percent Freight tonnage at New York's Kennedy International Airport grew 7.1 percent in the first quarter over last year on a...
Con-way Truckload Recovering From Tornado Hit UPDATED 4:30 pm. EST Major highways around Joplin were open Monday following a deadly tornado that killed at least...
Carriers, Airports Brace for Icelandic Volcanic Ash Cargo airlines are on alert for possible disruption to supply chains as drifting ash cloud from an active volcano in...
Mica to Target Harbor Tax in Transport Legislation Rep. John Mica, R-Fla., digging deeper into specifics of the next multi-year surface transportation bill, says he wants to use...
Rail Supplier CEO Announces Retirement Rail products supplier L.B. Foster is in the hunt for a new CEO, as Stan L. Hasselbusch said he will...
Court Stays Decision on Chennai Terminal Tariff Cut An Indian High Court of Appeals temporarily set aside a decision by port regulator Tariff Authority for major ports to...
Security Not in the Cards Nearly a decade after landing squarely in terrorism's crosshairs, seaports are discovering their security measures aren't as secure as they...
'K' Line Shuffles Sector Management Team "K" Line announced a series of changes in the responsibilities of its executive management team at its board meeting on...
China, Japan, South Korea Eye Free Trade Pact China, Japan and South Korea agreed to seek the completion of a joint study on a trilateral free trade agreement...
OOCL Names New Trade Management Team OOCL is changing the leadership at the container line's trade management group effective June 13. The Hong Kong-based...
Maersk Launches Green Container Policy Maersk Line, extending its environmental initiatives to equipment, will phase out the purchase of containers with floors made of uncertified...
2011 Logistics Education Directory This directory is a state-by-state listing of schools offering degrees relating to logistics, transportation or supply chain management. It contains...
Tweeting for Truck Drivers Searching for experienced truck drivers to hire? Try Twitter. Truck drivers increasingly are going online to search for higher-paying...
Expediting Capacity The recovery gave urgency to expedited truck transportation in 2010, as the five largest U.S. expedited carriers increased their combined...
Defending Their Surf California's largest container ports are working hard to protect their market share in the trans-Pacific trade, but their toughest challenge...
Retail's Mixed Signals As go consumers, so go U.S. imports. With shoppers spending cautiously, forecasters expect growth in containerized imports to slump in...
Driving Retail Supplier Compliance As the Internet and an increasingly global economy continue to make the world smaller, retailers are finding new customers and...
Fighting the Flood It may not be the worst, but it's bad enough. The springtime floods of 2011 have seen some...
Big Growth in Small Packages? The U.S. Postal Service's Parcel Select Regional Ground, introduced April 17, offers discounted rates for low-weight, short-range residential shipments. It's...
APMT Expands Investment Strategy Poti port in the Republic of Georgia isn't one of Europe's major container gateways. It's a small niche port on...
Job Market on the Mend For the majority of out-of-work Americans, the two years to late-2010 was a horrendous time to be searching for a...
Back in the Hunt Whether you're a recent college graduate seeking employment or a mid-career professional in transition, your prospects may have finally improved....
Forging the First Link Supply chain education is spreading beyond the campus and reaching for the high school classroom. In State College,...
Spare Change "Plus ca change, plus c'est la meme chose" ' The more things change, the more they stay the same. The...
TIGER for Funding Intermodal interests this summer will have another chance to apply for federal TIGER grants, and by now it's pretty clear...
Paving the Road for Transport Policy If Congress and the Obama administration are serious about fixing the United States' aging surface transportation system, and move beyond...
Damage Control The Port of Brownsville, Texas, is happy with the electronic readers it has as part of the Transportation Worker Identification...
Brokering's Risky Deal Q: Do you agree with this statement? Unauthorized double-brokering occurs without the knowledge and consent of the shipper while unauthorized...
Recruiting and Training for 3PL Company Culture Third-party logistics company C.H. Robinson tripled its business in 10 years, reporting $9.3 billion in gross revenue in 2010, and...
Maigret and the case of the ocean carriers Not actually penned by the crime writer, Georges Simenon, but his Belgium compatriots from Brussels' European Commission might well have appreciated a topical tome of this nature as they clocked up the air miles, shuffled through passport control and waited at rural train stations in their quest to visit the European head offices of major liner companies; their mission to investigate allegations of antitrust
IMO: risk assessment before armed guards
Boston welcomes new all-water Asian link
CN boosts capacity of biggest intermodal terminal in Canada
Solbakken sticks to 'plan A' Japanese disaster has not stalled Norwegian Car Carriers' expansion plans, CEO says.
Anker discusses public push RS Platou boss talks to TradeWinds about what is driving the company's Oslo IPO ambitions.
Next generation can top the lot Rising stars have all the ingredients to trump the established order, says Peter Anker.
Solstad founder retires Deputy chairman of Oslo-listed offshore owner abandons driver's seat after 47-year tour of duty.
FMM boosts Batista brace Brazilian billionaire's offshore wing chews on chunk of Merchant Marine Fund's $5bn stimulus package.
Clipper ferries not for sale Diversified Danish shipping group reveals big losses on ferry operations but plans a business turnaround.
Jack-up jackpot Seacor partner Dynamic Offshore Drilling says more orders will follow $180m rig pact with Lion City shipbuilder.
Tanker terror spooks Szymanski Al-Qaeda's threat to blow up tankers appears credible even after death of bin Laden, InterManager warns.
Cruiseship crunches quay Costa Cruises vessel takes chunk out of dock at Bergen in Norway.
Slow down! Teekay marine head Graham Westgarth thinks tanker market should follow trend-setting containership operators and reduce speed.
No room to move Golden Ocean chief says newbuilding values have little chance of dropping despite rubbish rates.
KLC restructuring 'a laugh' Herman Billung says Golden Ocean will drag every dime possible out of Korea Line as he hits out at ailing owner's recovery efforts.
SFI still aiming for growth Weaker market seen as providing a window for opportunistic growth by John Fredriksen linked vessel owning venture.
Omega extends again Greek tanker owner has more time to pay back borrowings after striking another deal with lenders.
SSC profit climbs Singapore-listed owner's bottom line soars after sales leap in the final quarter.
Meriaura going green Finnish shipowner's new multipurpose cargoship primed to run on biofuel after compatriot Wartsila wins engine contract.
U.S., Canada renew cargo pre-clearance effort U.S. Customs and Border Protection and its Canadian counterpart are seeking to establish a cargo pre-clearance program that would allow admissibility decisions to be made before rail and truck shipments reach the border, Commissioner Alan Bersin t...
TMW buys Appian TMW Systems has acquired privately held Appian Logistics Software, with offices in Oklahoma City. The addition of Appian expands TMW's presence in logistics planning and transportation management for third-party logistics services, dedicated logist...
John S. Connor expands in N.Y.-N.J. area Glen Burnie, Md.-based John S. Connor Inc. has expanded its vessel agency operations in New Jersey to include customs brokerage and freight forwarding services. The Glen Burnie, Md.-based company hired Gary L. Klestadt as branch manager to oversee ...
Valspar targets container industry A paint company that produced spar vanish for the tall sailing ships in the 19th century is now targeting a new type of paint at the container shipping industry. Valspar Corp. said it has commercialized a proprietary technology and application proc...
SAECS reefer loop to restart A group of carriers operating a joint service between South Africa and Northern Europe are reportedly set to restart a seasonal express reefer loop on the same trade. Members of the South Africa Europe Container Service include Safmarine, sister li...
GCS to tweak transpacific service in June Grand China Shipping, a new liner carrier entrant on the transpacific, is changing the rotation of arecently launched transpacific service , according to research from American Shipper affiliate ComPair Data. The carrier will amend its SPX service ...
CMA CGM adds Piraeus to EPIC service Liner carrier CMA CGM has amended the rotation of a service it operates linking the Indian Subcontinent with northern Europe. French line's EPIC service has dropped a call in Port Said and added a call at Piraeus on the leg from Europe back to the ...
Maersk takes stand on container flooring Maersk Line said Monday it would refrain from purchasing containers with floors made of uncertified tropical hardwood. "Illegal logging is widely recognized as a serious threat to forests, people and wildlife. We feel obligated to use our purchasi...
Seaspan expects stock sale to net $105 million Containership lessor Seaspan Corp. said Friday it expects to have net proceeds, before expenses, of $105.2 million, from an offering of preferred stock set to close May 25. Seaspan intends to use the net proceeds from the offering for general corpo...
Fujairah prices soft No demand in Suez, says supplier.
European bunker markets fall Buyers in Rotterdam waiting to see if there is a bottom in the market.
Slow steaming brings 'huge benefits' to tanker market Tanker owners should follow example of container lines, says Intertanko chairman.
New flexible marine power system looks to future needs ABB launches power system that gives freedom to integrate different energy sources, promises up to 20% more efficiency.
EU planning study to assess additional ECAs Earlier cost/benefit analysis showing clear net benefit for existing ECAs, less clear-cut for the Mediterranean and Black Sea.
Cargo 'useful blendstock' for bunker material Saudi Aramco sees 180 cSt parcel 'snapped up at firmer prices'.
Newbuilds to have 'enlarged MGO' tanks Evergreen says the extra capacity will allow vessels to meet ECA requirements.
Credit Where It's Due Anyone can zero a credit line, but the really tough calls are when you are arguing for your decision to approve a credit line or to increase one.
Asian bunker prices soft at start of week 'Weak demand' in Singapore, say traders.
Finnish commercial vessel pioneers permanent use of biofuel Vessel can use MDO as backup bunker fuel.
ICS backs levy-based carbon fund Urges IMO to develop and adopt technical and operational measures through MEPC in July.
Chimbusco to boost bunkering ops with new barge Additional 3,600 dwt bunker barge to commence ops in October 2011.
French court releases Beluga ship held in bunker payment dispute Beluga's appeal scheduled for end of May.
Glencore raises $10 billion from IPO Glencore's market capitalisation at approximately $59.2 billion.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
