Kuehne+Nagel sets sights on Asia Freight forwarder Kuehne+Nagel is stepping up its charge on Asia's markets as part of its ambitious five-year plan to double its revenue.
Pirates attack Italian ship off W Africa coast Pirates attacked an Italian tanker carrying a cargo of diesel fuel in the Gulf of Guinea off Benin, making off with some goods but leaving the crew unharmed, local authorities said.
US regrets killing of Taiwan skipper in crossfire: report Washington 'regrets' the killing of a Taiwan skipper who died in crossfire when the US Navy attacked Somali pirates who had seized his boat, a detailed report into the incident said yesterday.
Maersk joins the World Ocean Council The A.P. Moller - Maersk Group has joined the World Ocean Council to support global leadership and collaboration on ocean sustainability. Through its signatory to the World Ocean C...
CMA CGM to launch a new service between Asia, Fiji Islands and New Zealand CMA CGM Group recently announced the launch of a new service connecting Asia, Fiji Islands and New Zealand, effective July 18th, 2011. Named ANZEX, this new weekly service will dep...
Continental further expands in Russia Continental banks on the Russian market: the tyre manufacturer is going to invest EUR 220 million in a production plant in Kaluga (Russia), 170 km from Moscow. The new factory is s...
Ritter Logistik banks on sustainable technology The German Ritter Logistik, based in Langenhagen/Hanover and Magdeburg, is going to introduce a Mercedes-Benz Atego BlueTec Hybrid as one of the first 35 European customers from th...
New shuttle connections between the northern ports to Enns and Vienna (Austria) The Austrian container logistics provider IMS is going to increase the frequency of trains for the Austrian container shuttle. From the beginning of August the container operator i...
Quehenberger Logistics expands to Croatia The Austrian logistics provider Quehenberger Logistics has opened their first branch office in Croatia which firmly establishes their presence in the Balkan region with their locat...
Air Bridge Cargo Airlines extends agreements with Fraport Air Bridge Cargo Airlines (ABC) has extended its agreement with Fraport-Subsidiary Fraport Cargo Services (FCS) for cargo handling at Frankfurt/Main Airport until 2016. ABC has als...
Geodis and Kiala enter strategic alliance The new strategic partnership with Kiala strengthens Geodis' e-business offering. French domestic express delivery operator, Geodis, and Kiala, Europe's number-one networ...
Kuehne + Nagel acquires Dutch perishables logistics operator Kuehne + Nagel announced that it has entered into an agreement to take over J. van ...
duisport: Significant growth in all goods segments After it was possible to set a new record in container handling last year, the figures to the middle of the year confirm this positive development. Thus container handling on the t...
INTTRA Selects Jeffrey Ganek to Join its Board of Directors INTTRA, the leading provider of e-commerce solutions for the ocean freight industry, announced recently that Jeffrey Ganek has been appointed to its board of directors. Ganek is th...
UAE is represented by NAFL awardee for YIFFA 2011 The United Arab Emirates will have a representative at the prestigious Young International Freight Forwarders Award (YIFFA) 2011 in the person of 24-year-old Niranjan Venkatesh, wh...
Swissport signs new contracts with TNT and Icelandair in Belgium Swissport International, the world's leading provider of ground services to the aviation sector, has sealed renewal contracts with TNT and Icelandair covering their cargo handling ...
Aframax asset values could see downwards revision Two tanker sales due today (tues) have the potential to push prices down
Hopes of three-year high for Middle East to Asia LPG rate High levels of fixing should continue this week and draw down the list of available spot ships, but momentum could slow down in a month or two
GasLog order in South Korea Gaslog has ordered a liquefied natural gas carrier for $200m from South Korea
Activity picks up after Bangladesh extension granted High Court allows Chittagong yards to import vessels for scrapping until October ' what happens thereafter is still not known
Petrobras earmarks $17.6bn for fleet and logistics drive Petrobras has earmarked $17.6bn for fleet expansion and logistics improvements in its latest five-year plan, from 2011-2015, as the Brazilian energy company continues to develop oil and gas fields in the South Atlantic, which will need a growing volume of tonnage to carry the fossil fuels
State Department insists on guards for US vessels Assistant Secretary of State turns to owners for input over measures to fight piracy
What is fuelling Greek rise in LNG? Traditional owners can see an emerging liquefied natural gas market, even as ailing dry bulk and tanker markets prod them to look elsewhere
Safety first in the dash for gas As more vessel types take up the cost and environmental benefits of gas-powered shipping, it is becoming increasingly important that crew are trained properly in its use
Let's blow an inverse trumpet fanfare for the Top 100 Annual container ports throughput report gives a fascinating insight into the physical flow of goods
Ignore the politics: carbon is now a commercial imperative Any waivers in European Union efficiency rules will be meaningless if owners cannot sell on their ships
What happens next? Though IMO agreement to cut CO2 emissions was patched together, it is at least binding
Blue Water inks cargo heating deal with ST Shipping Improved fuel consumption to reduce impact on environment
Paris and Tokyo Memoranda launch concentrated inspection campaign Action starting at the beginning of September will focus on structural safety and the Load Line Convention
CAP reporting time cut Bureau Veritas tanker assessment down to one month
Down to business Guide gives advice on contracting underwater maintenance
Van Oord hits back at claims of Mombasa illegal dumping Dutch dredging and marine engineering operator denies reports that spoil from $60m Likoni channel project has been seen closer to the shore than expected
Stratos acquires Blue Ocean Wireless Operational assets of US GSM services provider bought by Inmarsat company
Seafarers receive widespread praise for postponing strike action Crews are protesting against pension cuts as government strives to reduce Greek deficit
Putting troops on ships Armed guards may well be a necessary evil but proposals to use UN troops rather than private security are infinitely preferable
Net benefits WiFi internet access is the sort of thing that would represent a quantum leap in the quality of a seafarer's life, yet ports are shunning it
Deepwater Horizon investigators delay report yet again Findings seen as crucial to future US oil spill legislation held back for at least 30 days
Oaktree builds up stake in Eagle Bulk Dry bulk investment complements cash injection in tanker major Genmar
Singapore opens $21m vessel tracking centre MPA aims at making vessel traffic safer and more efficient
Rickmers Maritime sees no quick escape from financial fetters despite rise in profit Singapore listed trust raises distribution but does not anticipate freeing itself from restrictions imposed in debt restructuring
APL freight rates see further drops Container line blames weak Asia-Europe trade for 13% fall in average revenue per feu
Qatar Navigation profits halve as purchase skews results Acquisition of Qatar Shipping sees profits drop to $114m, while operating profits rise
TOP Ships to take book loss on handymax sale Amalfi is second vessel shed from dry bulk division within a month
Grimaldi wins concession for Barcelona ferry terminal Italian ro-ro and cruise group seals 15-year deal over the 60,000 sq m Muelle Costa passenger and freight facility
Bulker and tanker rates fail to ignite at end July
Danaos sees softening CONTAINERSHIP lessor Danaos today reported a smaller loss for its second quarter but warned on negative market trends
Aker Philly courts Exxon AKER Philadelphia confirmed today that it may win the first US orders for crude tankers in a half decade
Greek secondhand buys rise GREEK secondhand purchases rose 30% in the second quarter from first-quarter levels, Fairplay was told today
S Africa coal miners strike A STRIKE by coal miners in South Africa might affect exports if it stretches for longer than a fortnight, according to analysts
Cruiser overboard search ends US COAST Guard teams have called off their search for a young passenger of Holland America's Oosterdam who went overboard in Alaska. Search ends for overboard Alaska passenger
Savannah box totals rise MARKET share gains and a stabilising US economy helped drive box volume increases at Savannah in fiscal 2011, the Georgia Ports Authority said today
Ship blaze erupts at Black Sea port A BULKER fire is reportedly raging today at Midia-Navodari, a small Romanian port just north of Constantza on the Black Sea
Petrobras pumps up E&P BRAZIL'S oil major Petrobras will significantly increase its future production spending, supporting the rise of a major new tanker trade
SeaFrance plans to cut jobs, service TROUBLED ferry operator SeaFrance told Fairplay today it plans to cut more jobs and withdraw one of its four vessels from service
Top takes second hit NASDAQ-listed Top Ships has announced the sale of yet another bulker at a loss as it seeks to meet its debt obligations
Qatar Navigation calls profits fall 'skewed' QATAR Navigation's net profits dived in the first half, but the company said today the result was skewed by its purchase Qatar Shipping
Putin slashes quota of pork imports RUSSIAN Prime Minister Vladimir Putin has ordered a 31% reduction in the quota of imported pork allowed for next year
Zanzibar ship safety crackdown sought THREE ship accidents in Zanzibar this month have sparked a legislative call for a safety crackdown
Oaktree takes Eagle stake PRIVATE equity firm Oaktree has disclosed purchasing 7.8% of common shares of Eagle Bulk Shipping
US tanker waivers assailed US SHIPPING interests are riled over the Obama administration's use of Jones Act waivers to transport oil from the Strategic Petroleum Reserve
Rockefeller Calls For FAA Reauthorization U.S. Senate Commerce Committee Chairman John D. Rockefeller IV on Monday called on top U.S. House Republicans to convene a...
Customs Reports Progress on ACE Pilot testing of the ocean and rail manifest systems in the U.S. Customs and Border Protection's Automated Commercial Environment is...
Canadian National Adjusted Profit Rises 8.2 Percent Canadian National Railway's second-quarter profit rose 8.2 percent before counting a charge for net deferred income tax, to $611 million...
Diesel Prices Rise for Third Consecutive Week Diesel prices across the United States increased 2.6 cents in the week ending July 25, rising for the third consecutive...
FMC's Lidinsky Studying Prince Rupert Impact Federal Maritime Commission Chairman Richard Lidinsky said the FMC has been asked by West Coast members of the U.S. Congress...
ILA's Hughes Offers 'Full Support' to Daggett Richard Hughes Jr., who is not seeking re-election as International Longshoremen's Association president, said Harold Daggett has his "full support"...
Dennis Daggett to Head ILA Atlantic District Dennis Daggett, son of International Longshoremen's Association president-in-waiting Harold Daggett, is the new president of the ILA's Atlantic Coast District,...
YRC's Welch: We Must Demonstrate Value YRC Worldwide must demonstrate its value to shippers, logistics providers and its own employees to survive and succeed, new...
Canada's Purolator International Expands in US Canadian logistics provider and package carrier Purolator International opened a facility in Minneapolis as it rolls out an "aggressive" expansion...
Hamburg Sud Stops Chassis Service at Oakland Hamburg Sud will stop providing chassis for merchant haulage in and around the Port of Oakland as of Sept. 15,...
DOT Stimulus Project Payouts Near $30 Billion The U.S. Department of Transportation's payments to states for completed stimulus projects reached $29.92 billion as of July 15, and...
Chevron Contracts Dockwise's New Heavy-Lift Ship Dockwise signed the first contract for the world's largest heavy-lift vessel with U.S. oil company Chevron for a undisclosed...
Georgia Ports Report Double-Digit Growth Container, auto and breakbulk volumes at Georgia's two deep-water ports surged at double-digit rates in the 12 months of the...
Virginia Governor Sacks Most of Port Board Virginia Gov. Bob McDonnell replaced 10 out of the 11 members on the board that oversees the Virginia Port Authority...
Rickmers Trust Profit Surged in Second Quarter Containership owner-charterer Rickmers Maritime Trust said Monday that its net profit in the second quarter surged by 1,302 percent year-over-year...
Third Parties on the Rise In its first full year of operations as a U.S. third-party logistics operator, Echo Global Logistics took in $33.2 million...
Ocean Carriers Skip Congested Indian Port Calls Severe terminal congestion at India's Port of Nhava Sheva (Jawaharlal Nehru) spurred major ocean carriers to skip calls at the...
NOL Volume Up, Average Revenue Falls Neptune Orient Lines said its container handling increased 5 percent year-over-year in the four-week period from June 4 to...
Natural Gas Hits the Road There may be a strong case to be made for using natural gas to fuel the country's heavy-duty trucks, but...
Railroads Point the Way Some of the most up-to-date readings of the economy and detailed forecasts for where it's headed will appear this week...
Gate Expectations Matthew "Bo" Bates thinks many ocean carriers have left their customers in the lurch. As a growing number of container...
As the Water Churns These past couple of weeks showed serious signs of déjà vu for the shipping and trade sector. Just when you...
NY-NJ's Moving Target The Port Authority of New York and New Jersey will replace fewer old trucks than expected under a $28 million...
Slow-Steaming for Surcharges In their original proposal for the 2011 contracting season, ocean carriers announced through the Transpacific Stabilization Agreement discussion group they...
Running on Empty The peak season is at hand in the eastbound trans-Pacific, but freight rates are dropping steadily and carriers are pulling...
Pioneering AFL Sets Sail The AFL New England made its inaugural call at Boston on July 19, officially kicking off the vessel's Halifax-Portland, Maine-Boston...
Marine Highways' Next Stop: Washington Logistics 101 states shippers want reliable service at a competitive price. Trucks and trains have certainly met that need, but...
Building Toward an Answer Suddenly, infrastructure spending is catching fire as a national political issue. In the middle of a high-stakes faceoff with...
Export Driven? We're a year into the National Export Initiative's five-year plan to double U.S. exports. We're also some 16 months from...
You cannot rely on self-regulation in container shipping The mandatory fitting of seat belts to motor vehicles around the world in the 1960s and 1970s had little effect on reducing road deaths until such use was made compulsory
Danaos narrows loss Interest rate swaps continue to plague John Coustas-led containership owner as box rates erode.
Sinokor tied to DRYS deal Brokers finger South Korean operator as a buyer in the recent sale of Greek owner's capesize bulkers.
Pdvsa seeks 'dirty' deal Brokers dial up Venezuela in bid to cash in on local energy giant's one-year tanker tender.
Exxon unit inks tanker duo SeaRiver Maritime turns to Aker Philadelphia Shipyard with an order for twin aframax newbuildings.
Investors avoid KG funds KG funds continue to suffer investor neglect as market uncertainty persists.
Petrobras picks Gulmar Middle Eastern offshore contractor pens diving-support vessel deal with Brazilian energy giant.
Songa scores Oslo-listed offshore contractor ties up $268m gig for semisubmersible drilling unit.
Danaos crowns CFO New York-listed containership owner's finance deputy secures role as John Coustas' top lieutenant.
'Time to be creative' With VLCC spot rates less than half what a newbuilding requires to break even, Poten says some owners will need to think laterally to ride out the storm.
Romanian yard fire out But Syria linked FGM Ship Management is unable to report on extent of damage to handysized bulker.
Sell, sell, sell Cantor Fitzgerald analyst tells investors to offload shares in NAT, Genco and Freeseas amid lower earnings forecasts.
Green way to beat bunkers Stopford sees pricey bunkers and more efficient ships working in tandem.
Charter boosts Rickmers New CSAV deal at treble the rate of previous Maersk hire lifts tonnage supplier's earnings.
Oaktree in at Eagle Investor emerges as significant shareholder in Sophocles Zoullas-led bulker owner.
Croatia yard gets new boss Croatian businessman Darko Koncar is only months away from signing deal on yard ownership.
DB Schenker to eliminate BAX freighter fleet German third-party logistics giant DB Schenker announced Friday that U.S. subsidiary BAX Global will eliminate its dedicated domestic air cargo fleet and instead operate a "non-fixed asset" model by booking customers' freight on other cargo carri...
Sweden signs Rotterdam Rules The United Nations Commission on International Trade Law (UNCITRAL) said that Sweden has become the 24th country to signed the United Nations Convention on Contracts for the International Carriage of Goods Wholly or Partly by Sea, known as the Rott...
Shipowners' Club restructures in London The Shipowners' Club, which specializes in the provision of protection and indemnity insurance cover for small and specialist vessels, has restructured the departments within its London branch. The London claims and underwriting teams are now organ...
PIL restructures, renames Asia/Black Sea loop A PIL loop linking the Far East and Black Sea ports has undergone changes in name and structure, according to research from American Shipper affiliate ComPair Data. The line's former SBS service has been renamed BSC, and will be operated with fewer...
Kelly to retire from MOL Thomas Kelly, executive vice president and chief operating officer of MOL (America), will retire at the end of July, the Japanese container line said Friday. Kelly joined MOL in July 1999 as the regional vice president for the Midwest region. In 20...
Hapag-Lloyd adds Halifax/New England feeder Hapag-Lloyd said Friday it has started a feeder service connecting Halifax with Boston and Portland, Maine. The service is meant to sync with the liner carrier's services connecting Halifax with Europe and Asia, Hapag-Lloyd said in a service adviso...
Purolator opens new Minneapolis branch Purolator International, a logistics subsidiary of Canada's Purolator Inc., has opened a new Minneapolis branch. The company said its Minneapolis facility is part of "an aggressive 2011 expansion plan," which re-entered the U.S. market in 2001. "T...
Ryder names Cooke U.S., Canada operations head Ryder System has appointed Dennis C. Cooke to senior vice president and operations chief for its Fleet Management Solutions business segment in the United States and Canada. Cooke joins Ryder following a 22-year career with GE and related companie...
Vanguard names Polish agent Non-vessel-operating common carrier Vanguard Logistics Services has appointed Warsaw-based Maritime Transport & Agencies Sp. z o.o. (MTA) to serve as its exclusive agent in Poland. "MTA Scandinavia has been the exclusive Vanguard partner in Scandin...
Sohn confirmed as L.A. harbor commissioner The Los Angeles City Council on Friday unanimously approved the appointment of Sung Won Sohn to the Port of Los Angeles Board of Harbor Commissioners. Sohn is an endowed professor of economics for the Martin V. Smith School of Business and Economi...
Markets mostly firm Monday Congestion reported in Rotterdam and Gibraltar.
Alfa Laval develops cooling system for Fuel Conditioning Modules Unit delivers chilled water to FCMs, keeping temperatures stable.
Fujairah firm, Durban IFO dips No clear price trend in South Africa amid continued limited supply.
Bunker prices and regulations drive fuel efficiency Shipyards 'sharpening their energy efficiency models,' says Martin Stopford of Clarkson Research Services.
Fuel oil volumes from Middle East set to fall Singapore-based trader says East Asian traders can't compete with local cargo buyers.
Container line chooses 'super long-stroke' engine S90ME-C9 engine from MAN Diesel & Turbo 7% more efficient than other systems.
Asian bunker prices up as week opens Mixed demand across key Asian bunker hubs on Monday.
Valero confirms UK bunkering plans London office to handle bunker fuel sales from Pembroke Refinery.
Australia to cut fuel tax credits for marine transport Tax credit for diesel in marine transport to be cut by more than 6 cents per litre in 2012 to 2013.
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