Bodies of six Indians working at Iran oil field found The bodies of six Indian divers working on an Iranian oil field in the Gulf were recovered yesterday from a diving chamber that became trapped underwater when its support ship sank, officials said.
Rwandair to expand international service The Central African carrier Rwandair is expanding its operations by adding services from its Kigali hub to Dubai (UAE) Brazzaville (Congo) and Libreville (Gabon). On the Kigali-Bra...
Eurotunnel to install new radio communication system Eurotunnel has launched a project to install a state-of-the-art radio communication system in the Channel Tunnel, which will provide full interoperability with the entire European ...
Volvo Trucks to deliver 1,000 units to Iraq Volvo Truck Corporation has re-established its presence in Iraq by signing an importer contract with the Iraqi automotive distribution company Zam Zam Spring General Trading. A let...
CSX makes national gateway progress CSX Transportation, a leading US intermodal transport company based in Jacksonville FL, has completed or is still working on one third of the clearance projects included in the nat...
Continued growth for VW light commercial vehicles Volkswagen's sold 390'000 commercial vehicles between January and September in the light vehicles sector, which represents growth of 25% on the prior year period. In Western Europe...
Cargolux bridges continents This month marks the launch of two Cargolux RTW services. The first started on Wednesday and is one of the airline's longest routes, with a total of 75 block hours and ten sectors,...
Third runway opening at Frankfurt airport The third runway of Europe's biggest Central European freight airport is due to be opened this afternoon, when a jet with German chancellor Angela Merkel on board lands. In the mea...
Inland waterway volumes down slightly in Germany Goods transport on inland waterways in Germany dipped by 1.1% in the first half of 2011, according to preliminary information from the German statistical office. 110.2 million t of...
"Blue Star Delos" delivered to Attica The Attica Group's board of directors has announced the delivery of the newly-built ro-pax vessel "Blue Star Delos", which was built by Daewoo Shipbuilding and Marine Eng...
GLN welcomes its 400th member The 9th annual Global Logistics Network conference took place in Bangkok (Thailand) from 9-12 October. The 309 delegates from 208 companies from 75 countries held more than 9,600 p...
Ford signs new spare parts logistics deal with DHL Ford has signed a new agreement with DHL Supply Chain for the handling of spare parts in the Nordic region and the Baltic states. The agreement covers about 23,000 different spare ...
MOL wins supplier award from Cabot Microelectronics Mitsui O.S.K. Lines (MOL) has been awarded a silver logistics supplier award by the Cabot Microelectronics Corporation for outstanding service. Cabot Microelectronics meets its mos...
Toll Global Forwarding appoints new marketing director Toll Global Forwarding has appointed Gerd-Wolfgang Kux as the new regional marketing and sales director for its EME region, with effect from 1 January 2012. Kux, who will be based ...
Individual added value through specialised networks The significance of specialised networks was the focus of Rhenus' press conference on the opening day of the 28th German Logistics Congress in Berlin. A focused network offers cust...
Crews refuse to sail through Indian Ocean Swedish line 'took risks with seafarers' lives', claims one officer who left ship before sailing
Four months in the hands of Somali pirates Renuar master Calixto Caniete relives horror of hijacking ordeal
Calls for transparency over use of armed protection States urged to develop standards to prevent escalation in violence
Exclusive: Shipping turns a blind eye to human cost of piracy Psychological scars are being left untreated as industry focuses on costs instead of welfare
Capesize rally pushes up third-quarter earnings for CMB's Bocimar fleet Analysts re-evaluate fourth quarter earnings upwards for larger bulk carriers
Perishable cargo business: it's all about boxes Container lines have the reefer plugs but not the equipment, says Dynamar
Suezmax Black Sea market rally set to end over the next week Increase in number of available tankers for mid-November loadings to pressure rates
Reefer box costs hold back lines Leasing more attractive due to boxes' higher prices and shorter lifespan
Trans-Burma-China pipeline could be good for tanker demand New route to central China refineries likely to be in addition to expanding east and south coast crude import areas
Salalah seeks to expand on its hub status Port targets containers and hub destination cargo as key growth areas
Infrastructure fund gets $500m boost Breakwater will lead to more cargo space
A third of pirates die in action Pirate success rate is dropping due to lack of experience
US launches fresh effort to reform competition laws Draft proposals to be published before Christmas
Capesize market to hold for now but charterers sense an advantage Rates boom aided by Chinese mills seeking cheap iron ore undermined by steel price fall
German owners told to be realistic about ship values Private equity adviser says sale deals cannot match those under KG funds
Pistiolis bolsters TOP with cash infusion Tanker and dry bulk company's 80% owner says time will shortly be ripe to rebuild fleet
The way of an unforgiving world As the Rena's crew waits in hiding, the outrage directed at them from some quarters is sad but inevitable
Piracy response programme is welcome Mission to Seafarers already provides post traumatic care to freed hostages and families
Market volatility plays havoc with vessel valuations Changes in charter assumptions cause wide variances
Dutch dilemma The Dutch government is offering support for armed guards ' at a price
The piano on the staircase Dealing with cost pressures will prevent owners seeing their businesses crashing down
Insurers' models won't work in China The industry has been warned that smaller yards are still lagging behind European expectations
Seacor profit declines as Deepwater Horizon clean-up income peters out Profits fall back to $3.8m after extraordinary third quarter in 2010
Star Reefers hit by 'one of most challenging years on record' Carrier sees net losses widen and operating revenues fall as clients turn to spot market
Arrested bulker released in Connecticut Refueller Link Enterprises and Belarussian Shipping Company settle dispute over outstanding bunker bill
Fourth Ocean Tankers vessels sold Increased concerns over Cypriot tanker owner
Five die in diving support vessel capsize Accident happens off Iranian port of Bushir
First Ship Trust pulls in refinancing Commitments by banks for $437m buoy up FST as it reports stable third quarter
Keppel sees 33% profit jump in third quarter World's largest rig builder says outlook still strong for new orders, especially from Brazil
Pistiolis dilutes fellow investors NASDAQ-listed Top Ships today announced a massively dilutive share sale to CEO Evangelos Pistiolis and a decision to halt quarterly financial disclosures
WFP-chartered ship targeted by ITF A RUSSIAN crew has raised the alarm about conditions and pay violations on a Panama-flagged bulker chartered by the UN World Food Programme
FSL's 3Q profits fall 76.6% FIRST Ship Lease Trust said today its priority is to refinance its outstanding loan balance of $483.08M, as it posted 76.6% lower profits for 3Q2011, year on year
Oil traders plead guilty OIL TRADERS Clyde Meltzer and Bernard Langley have pleaded guilty to a multimillion-dollar kickback scheme involving US imports of Venezuelan tanker shipments
Dunkirk's throughput rises LIQUID bulks and liquid fuels both increased 50% at Dunkirk in the first nine months of 2011, year on year
Camillo Eitzen to sell ships CAMILLO Eitzen said today it has agreed to sell its nine fully owned, non-ethylene semi-refer vessels
'Aspirin' won't stop pirates PUNTLAND'S president has criticised the payment of ransoms to Somali pirates
Losses widen to $14.1M for Star Reefers STAR Reefers said today a range of negative factors resulted in net losses of $14.1M in 3Q11
Mundra schemes frozen MUNDRA port projects have been frozen by a court decision, which sparked a 1-2% value drop today for shares in parent company Adani Enterprises on the Bombay Stock Exchange
Shell and partners plan Kitimat LNG terminal ROYAL Dutch Shell and three partners plan a major LNG terminal in northwest British Columbia
US railyard emissions targeted PORT cargo handling equipment in Los Angeles and idling trains emit tonnes of toxic pollution per year, according to a lawsuit filed against two of the biggest US railroads
Capesize rates spark up CAPESIZE rates ended higher this week, thanks to cheaper iron ore and rising port congestion
Greek ports stay shut GREEK passenger ports will remain shut until 23 October, as Greek seafarers have decided to carry on striking
Rena salvors hit milestone SALVORS on the stranded box ship Rena achieved a milestone today after finally pumping fuel oil off the casualty for 24 hours straight
Newbuilding charter tied to BCI BROKERS told Fairplay today Oldendorff has taken a Capesize newbuilding for three years, at a rate tied to yesterday's Baltic Capesize Index
Intel Forecasts Lean Supplier Inventories Semiconductor giant Intel, projecting caution across the technology sector despite its own record sales in the third quarter, says it...
Obama Signs Three Trade Pacts Exporters are urging the Obama administration to break down more trade barriers after the president signed free trade pacts with...
Freight Rate, Surcharge Updates for Week of Oct. 17-21 German container carrier Hapag-Lloyd will apply a general rate increase on cargo shipped from East Asia (excluding Japan)...
Senate Democrats Line Up Infrastructure for Next Jobs Vote Democrats in the Senate plan to schedule a vote soon on President Obama's proposals for major new infrastructure spending, as...
NY-NJ Port Authority Confirms Foye as New Chief The Port Authority of New York and New Jersey confirmed Patrick J. Foye as its new executive director at its...
Trucking Group Renews Pact With Graves The American Trucking Associations announced a new three-year agreement with Bill Graves, the former Kansas governor who has been president...
US Corn Exporters Double Up on China Sales China may double its corn imports from the U.S. this season, adding to a burgeoning year for American exporters and...
NY-NJ Reports Imports Flat in August The Port Authority of New York and New Jersey reported its busiest month for container imports so far in 2011...
Container Terminal Negotiations Get Trickier Terminal container operators negotiating with a port authority for new facilities should expect talks to be lengthy, possibly contentious, and...
California Steaming California's container ports are working overtime to convince cargo interests that Los Angeles, Long Beach and Oakland should be their...
The Disconnect Anyone looking for signs from the retail world of greater strength in shipping demand has been looking in the wrong...
Capacity Outlook: Grim The outlook for container carriers as described by Alphaliner's Hua Joo Tan at this month's Journal of Commerce TPM Asia...
Carrier's 'Act of God' Defense Is All Wet Q: We're a trucking company with a big problem. One of our terminals is in upstate New England, near...
Senate Approves Bryson as Commerce Secretary The Senate voted 74-26 Thursday to confirm John Bryson to become President Obama's next Commerce secretary. Although Obama named...
KCS Profit Doubles to $99.8 Million on Record Freight Record third quarter freight traffic and record revenue pushed Kansas City Southern's profit up 99 percent from a year earlier...
Thai Floods Disrupt Auto, Hard-Disk Supply Chains Monsoon floods in Thailand are disrupting the supply chains of multinational companies including Apple, Ford Motor, General Motors, Nissan Motor,...
Daimler Revs Up Production at Oregon Truck Plant Daimler Trucks North America will create 350 jobs and a second shift at its Portland, Ore., truck plant as it...
Diesel Prices Rise at Fastest Pace in 28 Weeks Diesel prices across the United States rose 8 cents in the week ending Oct. 17, increasing at the fastest pace...
Petronas fixes four Kuala Lumpur-listed offshore owners win big as Malaysian oil and gas giant takes on more local tonnage.
Mail ship says goodbye RMS St Helena drops UK port call as it aims to improve links to remote South Atlantic islands.
Indian port mulls bond sale Rumours of bond issue for Indian port could be first sector sale for five years.
Pistiolis pumps in cash Top Ships chief buys 11m shares for $5m, taking holding well beyond 50% as stock drops as much as 32%.
CECO banks sale cash Norwegian group reveals $12m pay-day from offloading Eitzen Gas to Pareto-led consortium.
Essar gets listing go ahead Indian shipowner gets the nod to follow in the footsteps of Essar Ports.
Making money the easy way The similarity between Ferrari owners and pirates, why remuneration of up to $14m is perfectly reasonable and a bureaucrat against bureaucracy.
SeaFrance faces D-Day French government has until Monday to convince EU to allow state aid for struggling owner.
Boskalis nabs LA contract Dutch dredging outfit lands contract in Latin America worth EUR 125m.
Shipowners without ships? With fleet sell-offs, huge losses and delistings, today's New5 in Numb3rs is pretty grim.
Austal eyes Cebu Australian shipbuilder says it will buy a shipyard in the Philippines before the end of this year.
Kyoei set to tank Japanese tanker owner increases annual net loss forecast in dire markets.
Wartsila bags research cash Finnish ship engine maker borrows EUR 150m from European Investment Bank for product development.
Star Reefers not so bright Reefer operator slips deeper into the mire with poor profit performance.
Seacor still down Diversified US owner still feeling the Deepwater impact more than a year later.
Widened Panama Canal no big deal? While ports on the U.S. East Coast race to accommodate the expected growth in volumes from 2014 when the widened Panama Canal is set to open, it may not change trade flows all that much. Bigger ships are already moving via Suez.
Intra-Asia not quite decoupled China's hold on intra-Asia trade has reached equilibrium, says consultant Mathijs Slangen, of Seabury Group. The trade hasn't yet decoupled from the global economy, but is moving that way.
Maersk/MISC convert SE Asia-Oceania loop to butterfly
Aegean shares rally by 9% in single day Shares of marine fuel supplier in New York closed 9.4% higher.
Conservationist says Rena accident highlights NZ coastal vulnerability 'I won't rest until we take measures to make things safer for Northland. A tanker load of oil would make the horrific Rena episode look like a black puddle.'
Bunker prices uncertain in the Americas Crude futures climbed for the first time in three days.
Wärtsilä secures 150 million euro loan Company to focus on developing engines that are more efficient, more reliable, and with lower lifecycle costs and improved environmental performance
RN-Bunker takes delivery of tanker to assist in bunker operations Vessel will undertake bunkering operations in the Kola Bay.
Regulations 'an obstacle' to efficient ship design For cradle to grave solutions, we really should start with conception, says president of Robert Allan Ltd.
Bunker prices rise in Fujairah Avails continue to be a problem in Durban.
Rotterdam prices stable Delays also reported at several loading installations.
SkySails in new cooperation BBC Chartering to cooperate with SkySails on wind propulsion after acquiring BBC SkySails.
BP settles lawsuit against former staff Four of the six who left BP and joined Brightoil had filed counter claims.
VLCCs claw back break-even rates But analyst predicts several owners will still be 'bleeding cash' in Q4.
Bunker operations resume in Greek ports 'There is a huge queue of barges waiting to load,' player tells Bunkerworld.
New role for Business Development Manager at Maersk Jesper Rosenkrans now at Maersk Oil Trading's fuel trading desk.
Week ends with bunker prices largely up Supplies of bunker fuel mixed at key Asian ports on Friday.
BP charters 'world's biggest' bunker tanker for Fujairah market 22,000 dwt Splendor chartered by BP to conduct bunkering, says source at Hong Lam Marine.
IFO supplies dry up in Colombo Replenishment cargoes of 380 cSt bunker fuel to arrive in Colombo from October 22-26.
Germany shipping firm launches 'EcoCalc' Calculates SO2, NOx and PM10, in addition to CO2 emissions, says Hapag-Lloyd.
Fuel pumping ops from Rena resumes Salvage team makes 'slow but steady' progress, says MNZ.
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