Tanker Pacific denies selling tanker to Iranian company SINGAPORE-based Tanker Pacific has denied any wrongdoing in the sale of one of its tankers, after it fell afoul of the US State Department for allegedly selling the MT Raffles Park to Iran.
More cases of maritime arbitration heard in S'pore SINGAPORE is fast gaining prominence as the place of choice to sort out a legal brawl on the high seas.
Shipping lines turn to leasing firms for containers The global trade rebound is pushing shipping lines to rely more on leasing companies such as CAI International and TAL International Group for the containers used to transport everything from bananas to blouses.
Asiana Cargo plans weekly service to Nagoya The South Korean carrier Asiana Cargo wants to start a weekly all-freighter service on Seoul Incheon-Nagoya route, with effect from 25 June. Subject to government approval, the air...
IBA Lojistik augments fleet The Turkish logistics service provider IBA Lojistik, based in Istanbul, recently held a ceremony to mark the delivery of the first batch of new vehicles that it will acquire this y...
US transport company TransForce Inc doubled Q1 profit TransForce Inc, a leading North American transport company, increased its revenue by 20% in Q1/2011. The Q1/2011 adjusted profit more than doubled to USD 12.2 million, whilst ...
More movements but less cargo in Hong Kong Hong Kong International Airport (HKIA) reported that flight movements in April surged by 12.1% from a year earlier to 27,685. Cargo tonnage, which amounted to 330,000 t in the same...
Union Pacific receives Texas environmental excellence award The Texas Commission on Environmental Quality presented the US transport service provider Union Pacific Railroad with an environmental excellence award for developing some of ...
CSX commits additional USD 160 million to national gateway The US transport service provider CSX is to invest USD 160 million over the next several years to complete the national gateway - one of the most important transportation projects ...
New report sees tonnage gains through 2022 in USA After a dip during the recent recession, the US freight economy, particularly for trucking, is projected to grow significantly in the years ahead, according to American Trucking As...
Slow steaming the norm on Far East-North Europe route On 20 April the last service in the Far East - North Europe trade stopped being operated at its "normal" speed. Instead the CSCL-Evergreen AEX 1-CEM service switched to s...
Iceland opens airports; flights to Scotland cancelled Several airports in Great Britain had to be closed yesterday (24 May) because ash clouds from the Icelandic volcano Grimsvötn began to drift to the south. The British air traffic c...
Ekol Logistics opens new branch office in Italy The Turkish logistics provider Ekol has inaugurated a new facility in Modena (Italy). The company primarily offers road haulage and seafreight services from the new platform, but a...
Jan de Rijk Logistics: contract renewal with Dorna Sports Jan de Rijk Logistics and Dorna Sports have announced the renewal of a three-year contract for the provision of European road feeder services and connected logistics services relat...
Broekman Group opens new head office in Rotterdam The Dutch forwarding and logistics company Broekman Group opened its new head office in PortCity 1 on 20 May, and centralised different existing operations at the loca...
Ceva appoints consumer and retail business development manager for Iberia Ceva Logistics, a leading global supply chain management company, recently appointed Javier S'enz as business development manager for the consumer and retail sector in Iberia. S'en...
Petrolesport OJSC to commence second phase of reefer storage site Petrolesport OJSC (part of the Global Ports Investments PLC group), recently launched the second construction phase of its storage site for reefer containers. Petrolesport currentl...
CMA CGM: new giant of the seas christened in Dunkirk CMA CGM, the world's third largest container shipping company, recently held a naming ceremony for the "CMA CGM Titan", an 11,400 teu containership, at the Dunkirk termin...
Frontline expects weak tanker rates to continue Major VLCC player sees little improvement beyond $27,000 per day
Smaller boxships draw charter interest Container lines trying to fix ten-year charter deals for ships around 1,100 teu
June cargoes offer respite for struggling VLCCs Owners of very large crude carriers shipping Middle Eastern oil to Asia have seen their daily earnings more than double in a week on an influx of cargoes for loading onto vessels in early June
AET charters three aframaxes at high rates Malaysia-based AET Tanker Holdings has reportedly chartered three aframaxes for three years at a daily rate of $18,500, a higher rate than average forecasts for aframax earnings over the next year-and-a-half
All at sea Transpacific rates slip Drewry's benchmark rate marked down to $1,932 per loaded 40 ft container
Analysts fear overcapacity as box newbuildings soar The strong rise in containership newbuilding activity has brought overcapacity fears back to the market with an analyst forecasting a new delivery record in 2013
Does Amandine take the biscuit as a 'coaster'? As gigantic new Cobelfret ro-ro is launched, it reveals where shortsea trade has ended up
Imabari shipbuilders face dilemma: to stay or go There can be many pitfalls in moving offshore
A fair and non-violent solution to piracy Instead of armed guards, unarmed professionals should accompany ships to guarantee best practices are followed
Is this the beginning of the end for Japan's maritime cluster? Building a successful shipping environment can take decades ' just ask Singapore. But unravelling one is much faster, as Imabari may just be about to find out
Frank discussion needed on box capacity The container sector is due to add more capacity in the next two years than at any time in the past
Shanghai Shipping Exchange to launch box derivatives market Trading platform and clearing house to be launched this year as Chinese shippers call for risk management tools
Weak dollar helps US container exports surge towards three-year high But gains are also a reflection of continuing expansion in global manufacturing, says economist
Red Ensign group may step up efforts to fly the flag Ship registers consider rebranding to a single corporate identity and promoting common safety standards
Nor-Shipping 2011: Brazil shops for more ships Ambitious oil and gas production plans create need to enlarge tanker fleets
Nor-Shipping 2011: 'phantom orders' hit dry bulk service Forum hears 25% of orderbook simply disappears as newbuilding prices fall
FMC takes aim at unregistered Chinese NVOCCs Recent investigation of Mitsui OSK Lines revealed evidence of misdeclared cargoes, says enforcement chief
Piracy frustration all round If Asian shipowners are really worried about pirate attacks, why have so few joined the worldwide campaign for more action?
Fuelling problems for Iran Placing further sanctions on the country's oil industry seems both difficult and ineffectual in the fight to stop its nuclear programme
Nor-Shipping 2011: ABS shows confidence in gas-powered vessels As class society launches new guide, technology officer believes LNG use for shipping is set to increase
Nor-Shipping 2011: Baltic urged to make average capesize rate more accurate Failure to reflect volume of cargo in Pacific market could cause a fall in FFA trading, says SwissMarine chief
Nor-Shipping 2011: owners face confusion over armed guards Conflicting attitudes by charterers creates uncertainty in market, says Frontline chief
Nor-Shipping 2011: ABS boosts offshore research and development Technical chief forecasts greater crossover with class society's mainstream shipping activity
Royal Boskalis orders cable vessel from Samsung C&T Dutch firm to lay cable from Java to address Bali's power shortages
DP World sets UK listing date Port operator hopes to begin trading on London market next week
Bangladesh to build up tanker fleet Shipping interests and government to acquire three aframaxes
Transpacific box rates fall back Drewry's benchmark rate marked down to $1,932 per loaded 40 ft container
North's strong results pave way for growth Mutual's underwriting performance boosts free reserves and puts growing market share on agenda
Nor-Shipping 2011: IACS chief welcomes expansion As Croatia becomes societies' 12th member, chairman says it hails era of greater transparency and growth
Golden State powers IT's profits rise FRONTLINE'S spin-off Independent Tankers said net profits rose to $8.2M in 1Q11, from $6.1M in the same period last year, with one-off items compensating for weak markets
Kremlin obstruction seen A MOSCOW bank said today the Kremlin is seeking to obstruct FESCO's owner by postponing a privatisation sale
NASDAQ warns ONE PRODUCTS tanker specialist Omega Navigation Enterprises has become the latest US-listed shipping company to receive an official warning on its sub-$1 share price
'New oil' for 'new frontier' BRAZIL'S Petrobras today swam against the current in rejecting concern about oil tanker overcapacity
Behind Frontline's profits FRONTLINE said today its net profits for 1Q2011 were $15.5M, down 80.55% from $79.7M in 1Q2010 but reversing $11.8M in losses in this year's previous quarter
Florida ditches extra check FLORIDA has eliminated a state law requiring background checks for maritime workers
Norway weights Brazil option NORWAY said today it is weighing two major trade accords with Brazil meant to exploit the South American giant's rapid offshore growth
Sanctions seen revealing US policy shift NEW US sanctions enforcement should remove any lingering doubts about the dangers of the Iranian products trade, Seward & Kissel partner Bruce Paulsen told Fairplay today
China cancels talks with Russia CHINA has cancelled oil price and delivery talks with Russia
Vale to spend $2.9Bn expanding port VALE reportedly plans to spend $2.9Bn on a terminal to make Ponta da Madeira the largest-volume port in Brazil
Omani protests cause port ripples POLITICAL turmoil in Oman has delayed port projects in the sultanate by up to six months, port officials told Fairplay
Tanker Pacific rebuts US sanctions SINGAPORE'S Tanker Pacific Management today said Washington's move to slap the group with sanctions was an "error"
Petrobras thinking huge PETROBRAS has told an Oslo conference that the Brazilian oil giant's fleet is already bigger than most navies - and will grow much larger over the next decade
China coal rises m/m BEIJING has said China imported 11.1M tonnes of coal imports last month, from 9M in March
Russian VLCC squeeze seen JAPAN'S tanker owners today told Fairplay rising imports of Russian oil would boost the Aframax sector, but the trend could hurt their VLCC businesses
Truckload Rates 'Firm' Despite Falling Loads Truckload carriers are holding onto rate increases despite a decline in truck tonnage and loads, according to a report...
TNT Shareholders Approve Express, Mail Demerger Shareholders of TNT today approved the de-merger of the Dutch company's express and mail operations. The move is seen...
US Beef Exports up 53 Percent in Value Exports of beef and pork increased at a double-digit pace in the first quarter of 2011 and continued strong growth...
Grand China Splits Trans-Pacific Service Grand China Shipping, which launched its first trans-Pacific service in March, is splitting that service into two strings, effectively doubling...
ATA Truck Tonnage Index Slipped in April Seasonally adjusted for-hire truck tonnage fell 0.7 percent in April, decelerating from a revised 1.9 percent gain in March, the...
Durable Goods Orders Drop, Inventories Rise New orders for manufactured durable goods dropped 3.6 percent in April after rising 4.4 percent in March, the Department of...
UPS Adds Weekly Guam-Hong Kong Service UPS will start initiate a weekly direct flight from Guam to Hong Kong starting in June, the latest in a...
Sale of TUI's Hapag Stake Delayed The sale of TUI's stake in Hapag-Lloyd is delayed as bidders take extra time to go through the books at...
Houston Port Examines Allegations Against CEO, Chairman The Port of Houston Authority hired high-profile defense attorney Rusty Hardin to work as a liaison with the district attorney...
Oaktree Springs Heavy-Lift Carrier From Beluga Remains U.S. private equity fund Oaktree Capital launched a new heavy-lift and project cargo carrier from the remains of Germany's Beluga...
DP World to List Stock in London DP World will start trading its shares on the London Stock Exchange on June 1 as the world's third largest...
Nippon Express Net Profit Tumbles 32 Percent Nippon Express, Japan's largest freight forwarder, said that its net profit plunged 32 percent in fiscal 2010, which ended on...
Maersk to Postpone Asia-North Europe Rate Increase Maersk Line said Wednesday it is postponing by a month the implementation of the general rate increase that it planned...
Japan Auto Exports Fall 67 Percent in April A steep drop in exports following the twin disasters in Japan pushed the country's trade deficit with the rest of...
Repo replay Evangelos Pistiolis rips up contract with Antonio Zacchello after sealing new bareboat product tanker charter.
Ofer fights sanctions Ofer family shipping wing turns to Secretary of State Hillary Clinton to clear name following Iranian tanker drama.
Steimler blasts Norwegian regime Norway should be embarrassed by the limited presence of its forces in the fight against piracy off Somalia, Svein Steimler says.
Weernink enjoying wriggle room Swiss Marine supremo says his company is taking advantage of nervousness among rivals during downturn.
Stopford raids mental archive Clarksons Research guru suggests Tor Olav Triom may have skipped a history class before posing his "Black Death" question.
Transpetro trains to win Sergio Machado lifts the lid on new training academy which will cure Brazilian crew bottleneck.
Green in the black Norwegian shipowner sneaks into profit thanks to a one off gain.
Banks bless Box Ships Lazard and Cantor add shares of Paragon spin-off to hit list on a bet the owner will seek expansion.
Silver lining Arntzen and Marinakis tell TradeWinds' Oslo Shipping Forum the outlook for tankers is not all bad.
Investors return A rising oil price is drawing investors back to the OSV sector, RS Platou Finans' Axel Aas tells TradeWinds WebTV.
MBC holds steady Malaysian bulker and tanker owner's first quarter profit remains flat as lower costs cancel out sinking charter rates.
Croatia joins IACS Croatia Register of Shipping is first class society to be allowed to sit at top table since EU completed anti-competition probe.
Big port for Vale Brazilian mining giant Vale to boost Ponta da Madeira terminal capacity by 50%.
DP IPO date set Dubai ports giant confirms 1 June as debut of stock in London after offering worth up to $1.6bn.
Greece disowns wreck Government says it cannot afford to remove Sea Diamond, putting onus on Louis Cruise Lines and insurers.
Dof nets job for new ship UK-based arm of the Norwegian offshore shipowner inks '5m deal for newest fleet addition to decommission North Sea oilfield.
Pirate ransom seized Somali authorities grab $3.6m in cash from unmarked planes as six foreigners arrested - but which ship was money destined for?
Ash cloud chaos redux A new ash cloud emanating from a volcano in Iceland on Tuesday threatened to throw European air networks into chaos again, though signs early Wednesday pointed to an easing of eruptions. On Tuesday more than 500 flights, mostly concentrated in the...
Trailer Bridge names chief commercial officer Trailer Bridge has appointed Scott W. Fernandez as chief commercial officer. He is responsible for the Jacksonville, Fla.-based company's sales and marketing efforts. He replaces Adam E. Gawrysh Jr., who will leave the company on May 27. Fernandez ...
Somali security forces intercept ransom payment Somali authorities in the capital of Mogadishu said they seized two small planes carrying $3.6 million in ransom for pirates and detained six foreigners on Tuesday, according to several news agencies. An official said one of the planes arrived from...
CMA CGM gets new 11,200-TEU vessel CMA CGM on Tuesday took delivery of the eighth of a series of 12 11,200-TEU containerships. The French container line said theCMA CGM Titanwill be deployed on the Asia/Europe trade. As of May 25, the line had 21 ships representing 185,000 TEUs of c...
Karl-Heinz Sager, dead at 79 Karl-Heinz Sager, a German shipping executive who followed a career at Hapag-Lloyd and one of its predecessors, North German Lloyd, with the creation of Senator Lines, died April 22 at the age of 79. Sager Sager was remembered by former colleagues ...
Maersk to raise U.S.-to-West Africa rates Maersk Line said this week it is raising U.S. export rates to West Africa, effective July 1. The increase, $150 per 20-foot container and $300 per 40-foot or 40-foot high-cube container, applies to shipments to Mauritania, Senegal, Cape Verde, Gamb...
Maersk postpones Asia/North Europe rate hike Maersk Line said this week it is postponing until July 1 a planned rate increase on shipments from Asia to northern Europe. The increase, $500 per 40-foot container, was originally due to be implemented June 1. Also, Maersk said it will raise rates...
U.S., EU expand IRISL sanction list The United States and European Union this week expanded a list of companies that have engaged in business with Iranian shipping companies, U.S. Treasury Department sanctionshave been in place since September 2008against the Islamic Republic of Iran...
Rate announcements Maersk postpones Asia/North Europe rate hikeMaersk Line said this week it is postponing until July 1 a planned rate increase on shipments from Asia to northern Europe. The increase, $500 per 40-foot container, was originally due to be implemented J...
Wilhelmsen Premier Marine Fuels appoints Senior Broker New employee has held various senior positions in the bunker industry.
IFO prices rise in Fujairah IFO deliveries in Durban available for supply up to and including June 8.
Rotterdam and Hamburg bunker markets firm Several suppliers were reported to be fully booked in Rotterdam.
EU officials to 'help shipping remain competitive' 'We need to reduce ship emissions while maintaining short sea shipping's competitiveness,' says EC vice-president.
'Groundbreaking' globally certified flow metering system for bunkering launched Dutch barge and several Maersk vessels now have independently accredited, tamper-proof system to measure delivered quantity.
MAN SE investigating 'irregularities' linked to fuel consumption Marine engine manufacturer says fuel consumption readings can be made to 'deviate'. Public prosecutor informed.
Hull design key to cutting fuel consumption Newbuild to be among 'the most fuel-efficient supply vessels ever launched.'
Mid-week prices firming in Asian ports Demand below average at key Asian ports on Wednesday.
New berths at South China port may not boost bunker demand Shippers indicate Hong Kong and South Korea still better locations for bunkering.
Vopak expands operations with new storage terminal in China Partners with the State Development Investment Corporation of China to build 1.35 million cm' oil storage terminal.
Liner saves over 10% in fuel after changing hull coating Cunard saves over $30,000 per day in bunker costs after application of Intersleek 900.
Fujairah to face a 'surplus' of fuel oil storage capacity Onshore storage capacity at Fujairah to increase to 3.5 million cm' by the end of 2012.
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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