UK government's proposals to cut coast guard funding rejected UK government proposals to cut the number of coast guard centres while removing funding from emergency towing ships and marine firefighters were rejected by a cross-party panel of lawmakers.
India to set up ports investment firm India plans to set up a 25 billion-rupee (S$688 million) state- owned company to invest in overseas ports and terminals to help boost international trade, two people familiar with the matter said.
GECAS aquires two B747-8F and eight B777-300ER Boeing announced at the Paris Air Show that GE Capital Aviation Services (GECAS), the commercial aircraft leasing and financing arm of General Electric, will purchase two 747-8 Fre...
ESS strengthens Board of Directors with four senior appointments Electronic Shipping Solutions, provider of critical electronic shipping documents, announces four senior appointments to its main Board. André Toet and Nigel Pusey join legal exper...
Philippe Citroën follows Michael Clausecker as UNIFE Director-General From July Philippe Citroën will be the new Director-General of UNIFE, which represents the European rail industry in Brussels since 1992. The French national, who for the past nine...
SDF Iberica opens a new terminal close to Madrid SDF Iberica (Servicios de Distribución Frigorífica), a subsidiary of the French group for refrigerated logistics Stef-TFE, recently put its 24th and biggest location on the Iberian...
Globalink Logistics Group transported pallet loaders Globalink Logistics Group, WWPC member for Kazakhstan, received a request to handle the transportation of pallet loaders, weighing more than 50 tons, from Sherbrook, Canada to Sher...
Nurminen Logistics is new member of CEE Cargo Equipment Experts Ltd (CEE) has a new member in Helsinki: Nurminen Logistics Oyj provides high-quality logistics services, such as railway transports, terminal services, for...
New container service to the Turkish port of Mersin Arriving today from La Spezia, Italy, Tarros will start a new direct service to the Turkish port of Mersin in the Southern Turkish Mediterranean region. The port of Mersin can best...
New era for rail-sea container starts in Greece Supply chain solutions specialist P&O Ferrymasters is to introduce a service-enhancing change of ferry route on its rail-sea operation moving containers between Italy and Patra...
World Bank Money to develop roads in Rwanda The World Bank's Board of Executive Directors will invest USD 11 million in the next ten years in Rwanda's roads. The project will help to improve the quality of Rwanda's paved roa...
Bombardier Transportation Invests in Quebec Bombardier Transportation announced that it is creating a Product Design and Development Centre for North America in Saint-Bruno, Quebec. The company will also build a new state-of...
EU accession to the convention concerning international carriage by rail The signing of an agreement between the EU and the Intergovernmental Organisation for International Carriage by Rail (OTIF) on the accession by the EU to the convention concerning ...
Driving ban in Bulgaria until September There is still a temporary driving ban for trucks in Bulgaria until 30 September. With this decree, the road security will be improved during the holiday season. The driving ban is...
IRU's New Eurasian Land Transport Initiative confirms strong potential of Euro-Asian trade by road Final results of the second phase of the IRU's New Eurasian Land Transport Initiative (NELTI) confirm promising prospects to further expand trade and international road transport b...
Intrepid Aviation names John Shavinsky Chief Operating Officer Intrepid Aviation, a privately held commercial aircraft lessor based in Memphis and New York, announced that CIT Aerospace leasing executive John Shavinsky has joined the company a...
Port of Charleston: Contract to advance deepening The deepening of the Port of Charleston passed another major milestone today with the signing of a cost-sharing agreement on the next phase of the project, which has been estimated...
Châteauroux Air Center enlarges its offer Châteauroux Airport, France, welcomes new companies specialized in aircraft maintenance, painting, recovery and dismantling. In addition to these specific capabilities, other compa...
Chilean volcano ash cloud plunges Australian airports into chaos again Chilean volcanic ash cloud has plunged the flight schedules at the two main Australian airports into chaos. Following on from last week's activity, there is now a new wave of ash d...
Sovcomflot MR time charters indicate rising contract rates Two medium range product tankers hired out to oil trader Vitol for one-year periods at $14,000 per day
Cargill takes Star Bulk supramax for two years at $14,050 a day Star Bulk Carriers has entered one of its supramax bulk carriers into a time charter contract with commodities giant Cargill for two years at a rate of $14,050 per day
Increased end-month Middle East fixtures correlate to higher earnings 10 days later McQuilling Services research shows 60% rise in bookings leads to 35% rise in rates
Transatlantic MR earnings rise on fewer available ships Improved Caribbean market deters ballasters to Europe but rates could see decline soon
Operation built on financial engineering OSX and OGX are no strangers to the capital markets for funding growth
India vessel detentions rise Significant number of detentions in India are subsequently followed by the ship being sold for scrap
Show your support for training On Saturday the world will be invited to celebrate the first Day of the Seafarer, but the industry should also remember that June 25 marks an important anniversary for STCW
A new container crisis may lie in wait Current dotcom boom rings alarm bells ' this time a crash would devastate production
The erudite, footloose professor With one of the most distinguished curriculum vitaes in maritime law, Chai Lee-Sik has been at the centre of the key IMO debates of the past 10 years
China steps up lending to Greek owners Government-related financing rolls ahead as funds from Chinese commercial banks continue to shrink
SeaFrance's bailout plans in doubt Ferry operator's rescue scrutinised by Brussels
TOP Ships in one-for-10 stock split to regain Nasdaq price compliance Evangelos Pistiolis-led company will review follow-on offering possibilities after the summer
Washington tries to play down Napolitano's dismissal of 100% box scanning Sources suggest "translation issues" affected Secretary of Homeland Security's remarks andclaim nothing has changed in substance
Wan Hai and PIL suspend Asia-Europe loops Depressed trade conditions mean the pair will take space from Cosco for trades to regions
China no longer bottomless pit of loans Despite deals that benefit its shipyards, China is sending some owners away empty-handed
Top box lines warned to order ultra-large ships or be squeezed out of market Grand Alliance and New World Alliance risk losing share of Asia-Europe trades, says SeaIntel chief
Rijeka must become hub for Balkans and central Europe 'if it is to survive' Croatian Railway teams with ICTSI to increase intermodal capacity and expand tracks
The right way to cover What is good enough for insuring trade with Libyan rebels is too good for NITC, it seems
Euronav refinances its debts to win four-year leeway on repayments A new financial package involving 14 banks will replace a $1.6bn loan signed in 2005
Vale VLOC re-route from China course to Italy 'purely commercial' Mining giant says China's iron ore inventory levels are not a concern
Bank lending to dry up in Europe Seaspan director says US banks may have to bridge gap left by European financiers
Peter Döhle lines up eight boxships with Yangzijiang Up to $1bn in Chinese financing available for owner over next five years
Tanker sector set for prolonged slump Root cause of crisis is too many newbuildings, say analysts
Select committee slams coastguard reform plans MPs criticises government plans to cut coastguard cover in UK
German industry demands river upgrades INDUSTRY and commerce groups in northern Germany are calling on the country's government to expedite the upgrading of access channels and inland river connections to ports
Maersk plans no-show fees MAERSK LINE told Fairplay today that it plans to start charging customers who fail to deliver containers as scheduled
Teekay Offshore signs Brazil shuttle deal PETER EVENSEN-led Teekay Offshore has entered into a long-term contract with a BG Group subsidiary for shuttle tanker services in Brazil
VLCC 'imbalance' persists VLCC OWNERS' efforts to move benchmark Arabian Gulf-Japan rates to Worldscale 60 this week have failed as ample tonnage has given charterers the upper hand
Rhenus plans Rotterdam switch GERMAN ports-to-logistics group Rhenus has told Fairplay it plans to shift the focus of the former DFDS Seaways Maasvlakte terminal in Rotterdam from ro-ro to breakbulk cargo
Vale plans Abbot Point bid BRAZIL'S Vale has reportedly expressed an interest in developing one of four new export terminals planned for Queensland's Abbot Point
Finance diversification seen SHIPOWNERS will have no choice but to reallocate their capital-structure profiles, panellists have told the Marine Money conference
Capesize rates rise further THE Baltic Capesize Index has risen on the back of activity in the trans-Atlantic trade
Spain launches port prices watchdog SPAIN'S government has launched a regulatory body to monitor prices for services at Spanish ports
Economou talks market timing VETERAN shipping magnate George Economou has outlined his views on marketing timing at the Marine Money conference
Scrapping shortfall feared A PULLBACK in tanker scrapping could impede a rate recovery, executives have told a Marine Money conference
Euronav secures $750M credit facility BELGIUM'S Euronav announce today that it has signed a $750M forward start senior secured credit facility with a group of 14 banks, led by Nordea Bank Norge and DnB Nor Bank
TORM tankers sold for 'liquidity' DANISH products tanker specialist TORM told Fairplay today that its decision to sell three product tankers this month was part of a strategy to boost liquidity
Russia ends EU vegetable ban RUSSIA has lifted its ban on imports of EU vegetables lifted, but imports will only be allowed under certain conditions
Yangzijiang wins more box ships CHINA'S Yangzijiang said today it has signed a letter of intent to build eight 10,000teu ships for Germany's Peter Döhle, two weeks after sealing a deal for seven similar ships with Seaspan
Obama, IEA Release Oil Reserves The Obama administration will release 30 million barrels of crude oil from the U.S. Strategic Petroleum Reserve, while partner countries...
Committee Poised to Introduce Transportation Bill Leaders of the Senate Environment and Public Works Committee are ready to introduce a new surface transportation bill, but want...
Sendai Airport Reopens for International Flights Sendai Airport in Miyagi Prefecture, northeastern Japan, reopened for international flights Thursday with the departure of a charter flight operated...
Truckload Driver Turnover Rate Hits 75 Percent The driver turnover rate at large truckload fleets rose to an annualized rate of 75 percent in the first quarter...
Maersk to Charge Fees for No-Show Containers Maersk Line is planning to charge its customers a fee for booked containers that fail to appear at the port...
FedEx Freight Gains Pricing Power, Turns Quarterly Profit FedEx Freight returned to profitability in its last quarter after completing the merger of its long-haul and regional less-than-truckload operations....
EU Probes French Railway Rescue of SeaFrance European Union trust busters launched an investigation into whether a $322 million rescue of French shipping company SeaFrance by state-owned...
Deep Water, Large Terminals Key to Long Beach Expansion Long Beach's chief engineer sees deepening the harbor to accommodate the world's largest vessels, building large container terminals, expanding on-dock...
East, Gulf Coast Ports Woo Warehouse Developers East and Gulf Coast ports, predicting they will increase their share of the U.S.-Asia trade when the Panama Canal expansion...
India Plans State-Owned Port Investment Company India plans to set up a state-owned company capitalized at $557 million to invest in overseas ports and terminals to...
Germany's Dohle Orders Eight 10,000 TEUs Ships German charter shipowner Peter Dohle ordered eight container ships of 10,000 20-foot equivalent units capacity each with China's Yangzijian Shipbuilding....
CMA-CGM ship in SF drama Norma, caught up in dispute with San Francisco pilots over two-man units and 50% surcharge, suffered engine failure, with tugs to the rescue.
D'Amico's tanker top-up The price is right, says the Italian operator as it swoops for another medium range product tanker.
Dahlman Rose scoops equity guru FBR Capital forced to reshuffle New York roster as US investment bank beefs up research team.
GMS defends demolition title Anil Sharma hits the ring to challenge Guinness record holder who claims to have secured the "number one" cash buyer crown.
Top Ships in reverse replay Evangelos Pistiolis-led owner dodges delisting bullet with reverse stock split.
Negros Navigation getting stronger Philippines ro-ro group predicting rise in revenue this year after merger with Aboitiz Transport.
Mosvold fails in legal challenge Court throws out Norwegian offshore owner's request to block Otto Marine from seeking legal shelter over late newbuildings.
Star snares Cargill supramax charter Spyros Capralos-led owner fixes vessel on two-year deal from July this year.
Chilean ships collide off Yangshan Situation under control off China after dangerous fumes escaped from chemicals in container on CCNI vessel in collision yesterday with CSAV unit.
Weld Range iron ore port iced Sinosteel, China's largest iron ore importer, suspends work on Australian project as shortages of skilled labour and construction equipment hit home..
Ningbo Marine scoops bulker Chinese owner says it spent $25m on second-hand vessel from Rizzo Bottiglieri of Italy.
Union in yard strike plea Cochin Shipyard workers' body urges Indian government to intervene in dispute involving 3,000 employees.
Slops barge breaks in two Port of Rotterdam cleans up after small vessel comes apart following removal of waste from Marida Tankers ship.
Peter Dohle in boxship binge German owner books eight vessels at Yangzijiang following $1bn loan from China Development Bank.
Havila pens double deal Njal Saevik-led offshore operator charters PSV newbuilding to Statoil on long-term deal.
Sun Sea crewman in the clear Canada rules seafarer on migrant ship was not involved in people trafficking.
Yangzijiang stock 'too cheap' Ren Yuanlin-led shipbuilder's share price not right for a yard winning so many orders, says Barclays Capital.
Kiewit yard axes 250 workers US-owned Canadian shipbuilder controversially cuts workforce after finishing two provincial ferries.
Twitter twit in ferry jump Washington State Ferries criticises passenger who leapt from Wenatchee in filmed internet stunt.
Braemar shows capesize scrap sums London-listed broker says $10m from capesize demo deal would take the same ship three years to earn in the present market.
NOL shares slip on downgrade Singapore-listed owner's stock slid mid-week after UOB- Kay Hian placed a sell tag on the company.
Vale calms China VLOC chat Roger Agnelli-led miner says its 400,000-dwt behemoths will have no issues entering Chinese ports in the future.
VLOCs - The cape constrainers Huge trade growth needed if Vale's new ore carriers are not to block capesize rate rebound, ICAP says.
Ship syndications back? Nordea's Bjornadal hails return of the big deal and 'power statement' by client Euronav.
'Chastened' Troim hits NYC Fredriksen top gun claims 'boss' has questioned his tanker acumen, but he's still not sounding bullish.
Knatz named IAPH president Knatz Port of Los Angeles Executive Director Geraldine Knatz has been elected president of the International Association of Ports and Harbors. Knatz was unanimously chosen at the association's biennial World Ports Conference last month in Busan, So...
Portland auto volume down, tonnage up The Port of Portland said the number of automobiles moving through the port fell 53.1 percent in May to 9,155 units. For the year, auto volume is down 22.6 percent at 76,238 units. Overall tonnage at the port is up 4.9 percent in 2011 to 5.9 millio...
Catapult opens New York office Catapult International, a developer of freight rate management software, has opened an office in New York. The office is meant to serve Catapult's growing list of freight forwarder and shipper customers on the U.S. East Coast, and the New York-New ...
Dachser expands near Frankfurt Third-party logistics services provider Dachser will invest $23 million through March 2012 in a new logistics center at Erlensee, near Frankfurt, Germany. The 505,000-square-foot site will handle up to 68 trucks at a time. Additional space is avail...
USDA revamps quarantine updates The U.S. Department of Agriculture's Animal and Plant Health Inspection Service said it has revamped its Plant Protection and Quarantine (PPQ) stakeholder registry e-mail subscription service. The service allows individuals to receive information ...
Industry: Enforce U.S. lithium battery rules A group of 19 trade associations on Wednesday urged the U.S. Department of Transportation to more vigorously enforce hazardous material transport rules that apply to shipments of lithium and lithium ion rechargeable batteries carried on commercial...
Charleston added to Africa multipurpose service Canada States Africa Line is adding Charleston to the port rotation for its bulk, breakbulk and roll-on/roll-off service between North America and southern Africa, the South Carolina Port Authority said Wednesday. The regular foreign ports of call ...
CTSA to lower currency rate in August Member lines of the Canada Transpacific Stabilization Agreement will lower the currency adjustment surcharge they assess on shippers as of Aug. 1, the carriers said Wednesday. The fee will drop to 9 percent from 10 percent. CTSA, whose lines provid...
Concerns expressed about liner profitability While container shipping has outperformed other industry segments in the past couple of years, concerns of another downturn were expressed Wednesday at a panel discussion at the Marine Money Week 2011 conference in New York."While folks are forec...
APMT pulls out of Nhava Sheva bidding Terminal operator APM Terminals has pulled out of the bidding to construct a container terminal in India's largest port, the company told AmericanShipper.com Thursday. APMT, a subsidiary of the A.P. Moller - Maersk Group, already operates one of t...
Crowley Maritime commissions two new barges The company stated that both vessels will be home ported in Nome and will provide delivery of fuel and cargo to remote communities of Western Alaska.
Fujairah market steady In Durban deliveries were available for supply between June 25 - 03 July.
Malta says no to single EU voice at IMO Rejects proposal to replace individual member countries' voice and create EU-wide ship register.
Rotterdam prices soften as crude tumbles Some players pull out of the market to 'assess their positions'.
Bunker blending facilities come on stream Andatee China Marine Fuel Services says they will cut costs.
Fuel oil stocks bounce back Singapore inventories at a four-week high.
Saudi supplier to open new tank farm Will 'revolutionise bunkering in the area' by moving from posted prices to spot market quotes.
KPI Bridge Oil announces trader appointment Joins the company's Istanbul office.
Bunker barge splits in two Vessel breaks apart while making delivery.
Bunker prices mixed in major Asian ports Demand for bunkers 'below average' on Thursday.
New barge in operation Arkas Bunkering now has five bunker barges.
Information, incentives key to more fuel-efficient ships Many shipping technologies are 'sitting on the table' and not being deployed, says Carbon War Room COO Peter Boyd.
East China fuel oil stock falls 14.5% on week Volume of fuel oil at East China tank farms at 265,000 mt.
Senior staff exits Hong Kong-based supplier Company in the 'process of finding a replacement.'
BP buys second 700 cSt parcel at stable premiums Purchases suggest tightening supplies.
Bunker deliveries resume in Hong Kong Weather conditions improving on Thursday morning.
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