NITC to expand its fleet 72% with 22 VLCCs NITC of Iran expects to become the third- largest oil tanker company by 2013, and possibly the second-biggest, when it takes delivery of 22 very large crude carriers (VLCCs) and expands its fleet by 72 per cent, an executive said.
DP World denies debt restructuring talk DP World officials defended the Dubai port operator's finances on Sunday, saying the company is under no pressure to raise cash even as a sister firm announced plans to seek new terms on its debt.
Bali's Benoa port to be developed Indonesia's state-owned port company Pelindo III will develop Bali's provincial port of Benoa to upgrade it to international standards, a top Indonesian executive said here yesterday.
Ruhi Engin Özmen new chairman of Turkish road haulage association UND The Turkish international road haulage association Uluslararasi Nakliyeciler Dernegi (UND) has elected Ruhi Engin Özmen of Mars Logistics as its new chairman. The election became n...
Airbus increasing prices, Boeing with new Dreamliner date Airbus has increased its production output for the ninth year in a row and achieved a new company record of 510 commercial aircraft deliveries to 94 customers (of which 19 were new...
Hamilton airport expanding The city of Hamilton (Canada) has approved a proposal to request the federal and provincial governments to fund a USD 38 million project to expand the city's international airport....
CMA CGM upgrades ACSA service CMA CGM has upgraded and reinforced its ACSA service, which links Asia to Mexico, Central America and the west coast of South America. This new configuration sees the deployment of...
Nordic Countries: Cargo Partner Group becomes Ontime Logistics The three Nordic logistics service providers Cargo Partner (Norway), Globex (Sweden) and STS (Denmark) started a new era on 17 January. In 2008 the three companies merged and becam...
Wilms Transport opens Hamburg sales office The German perishables specialist Wilms Transport (WTR), which is headquartered in Wildau near Berlin, is expanding and strengthening its activities in northern Germany by opening ...
Norbert Dentressangle to feed Duffield supply chain in UK WL Duffield & Sons, a UK manufacturer of animal feed, has appointed Norbert Dentressangle Transport Services to support the distribution of palletised products through its nati...
Switzerland offers financial support for dedicated rail spurs Switzerland now provides substantial financial support for the renovation of dedicated rail spurs, thus providing private enterprise with an incentive to invest in the railway netw...
Positive results for German commercial vehicle market in 2010 Commercial vehicle sales rose by 17% in Germany in 2010. Some 32% more transporters were newly registered in December alone. This was the highest growth rate for the full year...
Hungary to introduce overtaking ban for HGVs The Hungarian government is set to ban all trucks and vehicle combinations of more than 7.5 t from overtaking on the country's two-lane motorways between 18.00 and 22.00. The ...
Contargo handles its first blocktrain for ICF in Basel The Basel-based Swiss company Contargo AG, a subsidiary of Contargo, a Duisburg-based German specialist in hinterland transportation for containers, recently handled its first cont...
Finnair considering participating in cargo aircraft venture Finnair Cargo, Finnair's airfreight subsidiary, has responded to increased demand for freight services from Helsinki by exploring the possibility of participating in an intercontin...
Major Cambodian ports generate 31% more in 2010 Services and shipping in Cambodia's two major ports generated revenues of USD 35 million in 2010, according to official data released recently, representing a rise of around 31%. S...
Vitol tops 2010 list of long range two charters Total reported clean tanker fixtures show 8.3% decline on 2009, despite market upturn
Aggressive tactics pay off for Indian yards as deals break $500 mark Firm domestic steel prices prompt Indian buyers to continue offering strong rates
Kirk Shipping buys its fourth product tanker in $40m deal Danish company Kirk Capital and its subsidiary Kirk Shipping have added a fourth product tanker to its fleet, with brokers reporting a $40m deal to buy the 2010-built, 53,450 dwt Freja Scandia, now renamed the Kirk Christina
Delmas nets $26m from quartet sale Offloads four bulk carriers with container capacity for $65m each
Sovcomflot plans summer voyages on northern sea route Fully laden suezmax and aframax tankers owned by Russian owner SCF Group will ship more oil from Russia to China via the northern sea route in the northern hemisphere summer, following a successful trial last year
Hapag-Lloyd defends stand on 13,200 teu newbuilding order German line will go ahead with boxships even if partner lines NYK and OOCL decide against ordering similar sized vessels
Increased use of security guards unlikely to reduce insurance premiums No way of knowing if paying less might be linked to presence of armed guards
Tui and Fredriksen settle board seat row Christian Strenger named as candidate for seat on the group's supervisory board
MAN engineers to help Nakilat maintain gas fleet Landmark contract will see maintenance and repair of engines carried out at Ras Laffan, freeing the crew for other tasks
Dobson wins private anti-piracy patrol contract To run Jardine Lloyd Thompson's controversial ship protection scheme
Hull software tool is first initiative for EU Flagship
Maersk more able to cope with volatile market Box business can now upsize or donwsize capacity at shorter notice than before
IMO to launch action plan on piracy Piracy has, for too long, been a thorny issue for IMO and the maritime community as a whole, with seafarers always bearing the brunt of it
Maersk Line to launch Morocco-Russia service Direct service to capitalise on growing perishables imports into Russia
Malta bans IRISL from ports Iranian carrier to be banned from using Malta's ports after 2013
Sanctions could hinder Abidjan port calls European owners warn calls likely to become increasingly difficult
Fjordlines secures $14m Marco Polo funding To install gas-powered engines on two newbuildings
Meyer Werft to build LNG carrier for Anthony Veder Order marks yard's foray into LNG market
Operations set to resume at French ports Port to resume normal working after latest round of weekend strikes
Bigger fleet helps Navios Partners profit soar 76% Fourth quarter net income up 67.3% to $18.4m
Brussels report names beneficiary ports Report recommends 57 ports that will benefit most from Trans-European Transport Network
China builds up strength Consolidation in the nation's shipbuilding industry may not necessarily mean a reduction in the volume of newbuilding contracts
Maersk crews advised over anti-piracy measures In the event of a hijack, the message is clear: 'Don't be a hero'
Costamare seals boxship buys and $200m finance deal Spends $25m on three more secondhand acquisitions
Rhine logjam costing barge operators millions Around 300 barges trapped, costing up to $5,441.77 per day per vessel in lost income
Clear as cocoa? A little more clarity in the wording of the sanctions on Abidjan would be helpful
Rotterdam bunker sales see slight dip Total sales for 2010 falls to 11.9m tonnes but jump seen in gas oil sales
Isle of Man removes catamaran from 2011 timetable Move to withdraw Snaefell will result in loss of 29 jobs
Bulker delivery slippage cuts into forecasts SLOWING orderbook slippage today spurred Jefferies analyst Doug Mavrinac to pare back his drybulk rate forecast.
China keeps tap running for Iranian oil CHINA'S oil trader Zhuhai Zhenrong has rejected any changes in the volume or grade of oil it ships from Iran, IHS World Markets Energy reported today.
Lloyd Werft has a new majority owner BREMERHAVEN entrepreneur Dieter Petram has become the majority owner of Lloyd Werft, Germany's leading repair and conversion yard.
Cuxhaven sees vehicle rise THE OPERATOR of Germany's Cuxhaven terminal has announced that the facility recorded a 38% year-on-year rise in shortsea shipments of finished vehicles for 2010.
Costamare accelerates its fleet expansion GREEK box shipowner and NYSE newcomer Costamare today disclosed three more second-hand purchases and financing for three previously announced newbuildings.
Box exports lift Savannah BOX EXPORTS fueled a record year for Savannah's port in 2010, despite the sluggish US economy.
APM targets emerging markets AP MØLLER-Maersk CEO Nils Smedegaard Andersen intends to focus the Danish giant on emerging markets this year.
Tallinn fields two tenders TALLINN'S port spokesman has told Fairplay it has received two firm tenders from companies hoping to operate a new '64M ($87M) terminal.
Bitter rivalry leads to cocoa ban call SHIPMENTS of cocoa from Ivory Coast are under threat after the country's president-elect called for a ban on exports of the commodity, IHS Global Insight reported today.
Kidnapping victim freed A WORKER kidnapped off a Nigerian ship near the Bonny Light export terminal has been freed, IHS World Markets Energy reported today.
Swedish port fire puts master in hospital A SHIP'S master is being treated today in a Swedish hospital for serious injuries caused by a fire on his general cargo ship.
NITC unveils growth plans IRAN'S NITC has reportedly revealed that it expects to become the world's third-biggest tanker company by 2013.
Cyclones threaten Pacific SHIPPING companies were warned today to avoid two new cyclones gaining strength in the South Pacific.
Steel blasts to new record GLOBAL steel production rose by 15% to a new record to 1.41Bn tonnes last year, according to Erik Nikolai Stavseth, shipping analyst at Arctic Securities.
CSSC Jiangnan HI sees plunge in profits CHINA'S ship component maker CSSC Jiangnan HI said today it expects 2010 profits to be half those of a year ago.
Diesel Climbs 2.3 Cents to $3.43 per Gallon The U.S. average retail price for a gallon of diesel fuel increased for the eighth straight week, advancing 2.3 cents...
Jaxport Delays Hanjin Terminal Construction The Jacksonville Port Authority is delaying for as long as two years construction of the new container terminal it will...
Hamburg Sud Dropping Philadelphia Chassis Service Hamburg Sud North America, joining the push by ocean carrier to narrow equipment services, said Monday it will stop providing...
Caribbean Shipowners to Hike Bunker Surcharge The six members of the Caribbean Shipowners Association will hike their bunker surcharge on containerized cargo as of Feb. 27. ...
Study Eyes Long-Term Infrastructure Benefits The U.S. should look at the long-term economic benefits of transportation when making infrastructure investments, the two authors of a...
DHL, Polar Add Trans-Pacific Capacity Atlas Air Worldwide Holdings will add two 747-400 freighters to its agreement with DHL Express, sharply raising capacity on trans-Pacific...
Regulators Ramp Up: Federal Agencies Eye Rail, Trucking JOC editors John D. Boyd and William B. Cassidy discuss regulatory actions that will affect all modes of transportation, especially...
Port Tracker Forecasts Strong Europe Container Growth Container volumes across Europe ended the year on a high note with estimates for November 2010 reaching just over 3...
Jaxport Promotes Schleicher to Executive VP The Jacksonville Port Authority Board and its CEO Paul Anderson on Monday announced the promotion of Roy Schleicher to the...
Bombing Kills 35 at Moscow Airport An explosion that ripped through a baggage claim area at Moscow's Domodedovo Airport on Monday killed at least 35 people,...
Costamare Completes Financing for New Ships Container shipowner Costamare completed financing for a $285 million contract to buy three vessels of 9,000 20-foot equivalent units capacity...
Auto Workers, Canadian National Reach Agreement Canadian National Railway and the Canadian Auto Workers union reached a tentative contract agreement early Jan. 24 that heads off...
Savannah Container Volume Hits Record in 2010 The volume of containers moving through the Port of Savannah in calendar year 2010 increased almost 20 percent to a...
Charter Rates Rise on Strong Cargo Demand Container ship charter rates are edging higher as ocean carriers compete for a limited volume of available tonnage to keep...
Maersk Targets Emerging Markets A.P. Moller-Maersk is targeting emerging markets as a growth area for its business in 2011. The parent of Maersk...
DP World Defends Financial Position Port operator DP World says its recent sale of much of its Australian businesses was a strategic move and is...
Surging Transload As the smoke clears from the worst economic downturn since the Great Depression, it's possible to start drawing conclusions about...
Shielding the Shipper in an Ex-Works Sale Q: I enjoy reading your columns, but I have a question about the one published in the Nov. 22, 2010,...
Building Into Capacity Trucking operators aren't buying trucks to expand capacity; they're buying trucking companies. In the recent spate of acquisitions in trucking,...
Alameda Corridor Slashes Loan Request Faced with the risk that the Obama administration could reject its effort to borrow $553 million from a little-used, low-cost...
Vitran Heads South Canadian trucking operator Vitran is trying to redraw North America's less-than-truckload map, and its own expansion strategy, by acquiring the...
Carriers' Capacity Bind Ocean carriers are losing their bet that they could keep freight rates high this winter during the post-holiday season without...
Armistice in Chassis 'War' A threatened conflict over chassis repairs in Atlantic and Gulf ports appears to have been settled in favor of the...
Smooth As Silk Cotton exporters feared the worst. The largest U.S. crop in years was hitting the market just as overseas buyers were...
Hanging in the Ballast The gap dividing the shipping industry and environmental groups on the question of invasive species in ballast water is measured...
Is GSP DOA? It's generally accepted that the U.S. Generalized System of Preferences is a good thing - good for developing countries' exports...
Railroads Engineer Growth When supply chain logisticians explain why the Pacific Northwest is a key option in their four-corners strategy in North America,...
Turning the Northwest Corner National retailers and importers call the idea of spreading use of major North American gateways around the continent a four-corners...
Traffic Down, Delays Up Why should anyone worry about improving bridges between the U.S. and Canada? U.S. imports plummeted 33 percent between from 2008...
Burning Bridges Sometime in the next few months, President Obama and Canadian Prime Minister Stephen Harper will unveil a broad, new vision...
Canada Exports Its Recovery Canada came out of the gate last year with stronger economic growth than its huge neighbor to the south, so...
Securing the Food Chain The lame-duck session of the 111th Congress produced a number of remarkable pieces of legislation, including a new food safety...
Drivers Drive Truck Safety Rules Truck safety regulators are focusing increasingly not on the truck but on the driver who operates it. By targeting driver...
FMC's Regulatory Splash The 1998 Ocean Shipping Reform Act redefined the Federal Maritime Commission from a regulator of tariffs to one of the...
The Regulators Ramp Up When the Surface Transportation Board in December slapped Canadian National Railway with an unprecedented $250,000 fine over how it reported...
New Look for the STB For railroads and shippers monitoring the Surface Transportation Board's heavy slate this year, add this to your watch list: The...
Leaning to Growth Under normal circumstances, the last three months of any year follow a predictable pattern: the buildup to a peak, followed...
Report: Making transport investment for long haul U.S. Congress and the White House should prioritize transportation infrastructure investment based on its long-term impact on economic productivity and short-term ability to create jobs, according to areport released Friday by the Bipartisan Polic...
CN strike deadline Tuesday Canadian National Railway said the Canadian Auto Workers union gave notice Saturday of its intention to strike the railway on Tuesday, but said it still believes there is sufficient time for the parties to reach a new contract agreement. The union...
Shippers, carriers want hours of service hearing Shippers and trucking companies are asking Congress to hold a hearing on the Federal Motor Carrier Safety Administration's newly proposed hours of service regulations. In aletter to the chairmen and ranking members of the House Committee on Transp...
Fla./Bahamas carriers hike rates Florida-Bahamas Shipowners and Operators Association members Crowley and Seaboard Marine said last week they will raise rates this year in two phases to and from all BSA Bahamian destinations. The association will hike rates on March 6 and July 25 ...
Maersk delays EU manifest fee for Greek shipments Maersk Line has pushed back the date to begin collecting a fee associated with new European advanced manifest rules for shipments to Greece. The Danish line will begin collecting the fee, which it calls the Cargo Declaration Data fee, beginning Feb...
Maersk shifts Asia/Med calls Maersk Line said last week it is shifting Mediterranean calls on three of its Asia/Europe services, two of which it runs in conjunction with fellow container line CMA CGM. The Danish carrier said it will switch a call at Piraeus from its AE12 serv...
Lines join Asia/Americas loops, use bigger ships CMA CGM, CSAV and China Shipping said Friday they will jointly run a two-loop service between Asia and the Americas beginning in April. The services would initially appear to be an amalgam of two existing services -- CSAV's 11-ship ANDEX service an...
Andersen: Maersk focuses on emerging markets A.P. Moller - Maersk Group is well positioned to take advantage of opportunities in the emerging regions of Africa and Latin America, said Nils Andersen, the company's chief executive. Speaking in a Q&A in the company's internal magazine,Maersk Po...
Danish carrier 'well positioned' Andersen: Maersk focuses on emerging markets A.P. Moller - Maersk Group is well positioned to take advantage of opportunities in the emerging regions of Africa and Latin America, said Nils Andersen, the company's chief executive. Speaking in a Q&A ...
Torm tanker attacked by pirates Piracy in the Indian Ocean took a new turn last week, when the Torm owned tanker Torm Kristina came under fire for several hours from unknown pirates. The tanker was
South Korea frees crew and vessel ' eight pirates dead While there is total radio silence around the whereabouts of the crew from the coaster Leopard from all parties ' shipcraft, Danish Authorities and Danish Shipowners' Association ' the South Korean authorities
Pirates vow bloody revenge on South Korea after blood retaking After South Korea's violent re-taking of the tanker Samho Jewelry last week Somali pirates vow to seek a bloody revenge. "We never planned to
Two vessels seized during 'illegal bunker operation' Philippine authorities clamp down on tax evasion.
Officers fined for taking bulker through Great Barrier Reef Vessel was spotted heading into area of last year's bunker spill.
Singapore bunker premiums at year-high levels ExxonMobil sees 'strong bids' for 700 cSt fuel oil parcel.
Asian bunker prices on upswing Average demand at Asia's key bunkering hubs on Monday, say traders.
European Parliament calls for fuel oil ban in Arctic region Points to IMO's ban on fuel oil in the Antarctic.
MPA: Vessels involved in illegal bunkering not Singapore-registered Ocean Samudra and Arowana Barcelona not registered under republic's ship registry.
Bunker association calls to double storage capacity in Colombo Limited storage capacity one of the main bunkering obstacles in Colombo, says president.
Litasco, Ventsbunkers officials to discuss dispute Dispute involves failure by the Lukoil subsidiary to lift 120,000 mt fuel oil from Ventbunkers's terminal.
Staff movements at PDVSA There are now five bunker traders in the company, says head of the bunker department.
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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