Reports of piracy in the region rising Reports of piracy incidents in the waters of South-east Asia and South Asia are on the rise and 'moderately significant' piracy events have surged in the first quarter of 2011, the latest report from the ReCAAP Information Sharing Centre showed.
Traffic at Shanghai port back to normal Trucks laden with cargo containers yesterday appeared to operate as usual on roads leading to ports in China's coastal commercial hub, Shanghai, where officials sought to defuse lingering anger among truck drivers who went on strike last week over rising costs.
Tsunami accelerates decline of Japan's fishing industry The wreckage of a 379-tonne tuna boat blocks the road to the deserted fish market in Kesennuma, once Japan's largest port for bonito and swordfish. Even after the debris from last month's tsunami has been cleared away, the industry may never recover.
Industry veteran to step down RON Widdows will retire as president and CEO of Singapore's NOL Group at the end of this year, the company confirmed today.671672.timg
Shanghai strike loses steam A trucker strike at Shanghai's container terminals has been quelled by government concessions, the Wall Street Journal reported today.649938.timg
USCG casts spill blame SAFETY and oversight failures by rig owner Transocean and flag state Marshall Islands contributed to last year's Deepwater Horizon disaster, according to a new report by the US Coast Guard.1140268.timg
Two carriers settle class action CROWLEY and Sea Star have agreed to settlements in the Puerto Rico price-fixing class-action suit, according to newly filed court documents.
Sea Star, Crowley Confirm Antitrust Payouts Sea Star Line and Crowley Maritime will proceed with their parts of a settlement in which they and Horizon Lines...
Diesel Slips to $4.098 per Gallon Retail diesel prices slipped seven-tenths of a cent to an average of $4.098 per gallon last week, according to the...
US NVO to Offer Container Swaps TBB Global Logistics said it will offer container freight swap agreements through an agreement with ICAP Logistics, a broker for...
Forward Air Profit Soars in First Quarter Forward Air more than doubled its profit in the first quarter, raising net income 132.4 percent year-over-year to $7.9 million....
Judge Bars Forwarder in FMC Case A federal judge in Atlanta on April 15 issued a preliminary injunction to curtail operations by Savannah-based freight forwarder Indigo...
Biggest Ro-Ro Ship Calls at Brunswick The world's largest roll-on, roll-off vessel, the Tonsberg, called at Georgia's Port of Brunswick Monday with a load of heavy-lift...
Shipper Sees Large 3Q Hit From Japan Disaster Milwaukee-based shipper Johnson Controls said it expects to take a $500 million hit on revenue during its April-June quarter from...
ABF Freight Reports $22.6 Million Loss ABF Freight Systems increased revenue and tonnage by double digits in the first quarter, but fuel prices and weak pricing...
St. Louis Airport Recovers From Tornado Lambert-St. Louis International Airport was operating at 70 percent capacity Sunday and expects to be up to 85 percent Monday...
YRC Declares Progress on Restructuring Trucking giant YRC Worldwide said it is making "significant progress" toward completing key steps in its restructuring plan before an...
UASC Hikes India-Europe Rates United Arab Shipping Company announced a general rate increase on the westbound trades from India to Europe and the Mediterranean,...
Widdows to Retire From NOL, Ng Named Successor Ron Widdows, a prominent leader of the global container industry, will retire as group president and chief executive officer of...
Shanghai Port Trucking Stoppages Ease A five-day old trucker strike at the port of Shanghai eased significantly over the weekend following intervention by the mayor...
Scorpio tied to KLC duo New York-listed product tanker owner tipped as top bidder in Korea Line chemical carrier auction.
Salhus scraps tanker Norwegian tanker owner seals top dollar scrap deal as 1990-built chemical carrier sails to recycler in Alang.
TMT seals 'Ducky' deal Nobu Su's Today Makes Tomorrow offloads ageing ro-ro in $3m demolition deal with cash buyers, sources say.
Trico on track European wing of bankrupt US offshore owner takes control of various Trico Marine affiliates under financial restructuring.
STX to float Chinese yard South Korean giant says its Dalian shipyard could be listed in Hong Kong with cruise division also an IPO candidate.
BP writes in Japan clause Oil major's shipping wing rejigs contracts to take account of issues at the Fukushima nuclear plant.
Freeseas confirms sale Ion Varouxakis-led owner admits to the $4.2m sale of its oldest vessel.
Samudera drive rolls on Singapore-listed owner pays $15.2m to complete its third ship purchase this year.
Golar has change of heart Oslo-listed shipowner switches conversion deal from Keppel to rival Sembcorp.
Seaspan is second swoop Gerry Wang-led containership owner tied to $2.8bn series at STX in what would be its second order in as many months.
Courage chops HK IPO Hsu Chih-Chien-led bulker owner shreds plans for second float due to weak sentiment.
NOL names new general Former chief of Singapore defence force called in to replace retiring president Ron Widdows.
Greek in scrap scoop Greek bulker fetches 'almost unrealistic' price in one of the hottest scrap deals this year, cash buyer says.
New twist for scrap saga? Scrap yards in Bangladesh could be closed again amid talk Bangladeshi Environmental Lawyer's Association is planning legal challenge.
Golar's IPO pile grows John Fredriksen's second LNG spin-off adds a further $40m to its listing pot after underwriters snap up options.
Greek bulker free Perosea-owned supramax released by Somali pirates following ransom of up to $6m.
SSY grabs SGX FFA title London shipbroker pips John Banaszkiewicz-led FIS to title as top Singapore FFA inter-dealer broker.
Gothenburg gets greener Swedish port set to offer financial incentives to push ship operators to switch to low sulphur fuels.
Shanghai officials appease striking truckers Port authority and city officials in Shanghai, China, have agreed to reduce fees and fuel surcharges in the wake of a three-day strike by truckers in the port city last week, according to news reports. Some of the protests turned violent last week ...
CBP finishes up broker recordkeeping rule U.S. Customs and Border Protection will soon forward to the Department of Homeland Security the final draft of a proposed regulation that would change some of the recordkeeping requirements for customs brokers, an official said earlier this month. ...
Mexican cargo boosts Kansas City Southern Kansas City Southern said it had first quarter net profit of $64.1 million 87 percent more than the $34.2 million it earned in the thirst three months of 2010. KCS said revenue increased 12 percent to $489 million compared to the $436 million in co...
MCC adds Nagoya call to intra-Asia loop MCC Transport, the intra-Asia subsidiary of the A.P. Moller - Maersk Group, said last week it will amend the rotation of a service between Japan and Southeast Asia. The line's IA2 service will have a revised rotation, effective May 18, of Tanjung P...
MSC assesses Asia/Europe emergency bunker fee Liner carrier Mediterranean Shipping Co. said last week it will assess an emergency bunker surcharge on shipments from Asia to all parts of Europe and North Africa. The fee, $200 per TEU, affects the line's Silk, Lion, Dragon, and Tiger services fr...
MarAd approves $241 million loan guarantee The U.S. Maritime Administration confirmed Friday it has approved a $241 million Title XI federal loan guarantee that will be used by a Brazilian firm Boldini to purchase five platform supply vessels from a Eastern Shipbuilding Group of Panama Cit...
Widdows to retire from NOL at year's end Singapore-based NOL Group, parent company of container line APL, on Monday outlined a transition of power from current group president and chief executive officer Ron Widdows to Ng Yat Chung at the end of 2011. Widdows is retiring at the end of the...
Shippers complain about lack of rail competition Dozens of shipper groups and transportation companies laid out their positions with the Surface Transportation Board in advance of a June 22 hearing on whether rail regulatory reform is needed. A wide range of opinions were expressed on the hearing...
Widdows to retire from NOL at year's end at year's end...
Firmer prices reported over Easter Markets across Europe mainly closed for Easter on Monday.
Global Vision Bunkers (LATAM) on the move Says it is moving to larger premises to accommodate further expansion.
Infrastructure costs blight LNG prospects LNG safety issues are also a concern, says Chemoil's Adrian Tolson.
'Holiday premium' helps push up Fujairah market Very little activity as most markets remain closed for Easter Monday.
Price volatility leading to 'smaller stems' Port of Rotterdam says more container ships are calling but are lifting smaller fuel parcels.
Prices at major ports mixed at start of week Demand below average at key Asian ports on Monday.
ExxonMobil sells 700 cSt grade parcel at higher discount In line with weak demand and high supplies in the market.
Maltese authorities in move against bunker fumes Ships to be 'ordered' to release vapours from bunker tanks outside harbour area.
Chinese-Norwegian initiative rolls out LNG marine engine Engine expected to be available in Chinese market this year.
Lukoil starts bunkering at Serbian port Lukoil-Bulgaria Bunker expects to sell approximately 1,000 mt of bunker fuel a few months after the start of ops.
Dubai port authority discusses new bunker standard New bunker standard to ensure highest quality of bunker fuel, among others.
Joint venture firm to provide bunkers at Canadian port Coast Tsimshian Marine Services LP also offering barging and salvage services.
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