Petrobras needs to triple drilling rigs, ships: CEO Brazil's Petrobras must triple the number of deepwater drilling rigs and ships it uses in order to double its oil and gas production by 2020, its top executive said on Wednesday.
Leisure Cargo signs UK and Ireland contract with WFS Leisure Cargo, which provides total cargo management on a worldwide basis for 19 airlines, has signed a contract with Worldwide Flight Services (WFS) for cargo handling in the UK a...
Premium auto glazing solutions for fleets The independent verification body need4fleet offers auto glazing insurance cover with made to measure solutions for clients that operate fleets of commercial vehicles. The solution...
TFR increases capacity for hauling containers by rail in South Africa The South African transport service provider Transnet Freight Rail has significantly improved its container rail service offering between the port of Durban and Johannesburg b...
Volvo environmental award to timber haulage project Volvo Trucks' "One More Pile" project has won the Volvo Group's internal environmental award for its success in reducing emissions from timber haulage trucks. By lengthening trucks...
Scania boosts presence in India The commercial vehicle manufacturer Scania has formed a new company called Scania Commercial Vehicles India and is now initiating an investment in sales in additional segments of t...
CN increases Brampton Intermodal Terminal capacity Canadian National Railway Company (CN) is making a series of capacity improvements to accommodate growing container volumes at its Brampton Intermodal Terminal (BIT), located in th...
State-of-the-art cargo terminal planned at Sheremetyevo airport Lufthansa Consulting has signed an agreement with the Russian firm IngStroyExpert, a member of the large construction company group Eurostroi, for the planning of a state-of-the-ar...
Contargo Wörth starts direct train service to Maasvlakte Contargo Wörth is getting a new scheduled train service on 30 May. The twice-weekly Wörth Multimodal Express (WME) will link the technology region around Karlsruhe (Germany) to the...
ACI and AEA about Grimsvötn: Europe better prepared this time, but challenges remain After a meeting with senior European Commission officials to review progress made in the handling of the latest volcanic eruption in Iceland, Europe's airlines and airports, repres...
New container crane for North Harbour Copenhagen Malmö Port (CMP) recently took delivery of its new STS crane which arrived by ship from the manufacturer, Liebherr, in Ireland. The STS crane - short for ship-to-shore -...
Fesco almost doubles ebitda in 2010 The Russian service provider Fesco reported that the consolidated revenue of the group reached USD 800 million in 2010, USD 190 million more than in 2009. This significant improvem...
MSC introduces GRI on Asia - Europe/Mediterranean route On 1 July, Geneva (Switzerland)-based Mediterranean Shipping Company (MSC) will introduce a general rate increase (GRI) of USD 250 per teu for the trade from Asia to Europe an...
Coca Cola selects Reysas for distribution in Turkey The Turkish logistics service provider Reysas and the beverage corporation Coca Cola AS recently signed a three year-contract that foresees Reysas providing distribution services f...
K Line announces change of directors Kawasaki Kisen Kaisha Ltd (K Line) has appointed Takashi Saeki as representative director, Toshiyuki Suzuki, Takashi Yamaguchi and Yukio Toriyama as directors and Mitoji Yabun...
Vopak builds new storage terminal for crude oil and oil products in Hainan Royal Vopak (Vopak) and the State Development Investment Corporation (SDIC) of China have taken the final investment decision to build and operate an independent storage terminal f...
Continental Tyre selects Kuehne + Nagel to manage warehouse operation in South Africa The giant Swiss service provider Kuehne + Nagel has taken over the management of the plant warehouse operation for Continental Tyre SA (Pty) Ltd at the latter's production pre...
Baltic Dry Index up on capesize improvements Average time charter spot rates rise of $391 helps push index to seven-week high
US gasoline slump hits product tankers As US refineries return from maintenance, gasoline imports are cut, driving medium-range tanker daily earnings down
Nor-Shipping 2011: Norway slammed for lack of industry understanding NYK Group Europe boss says government fails to support shipping and overtaxes fleet
P&I sector is looking healthy Standard and UK clubs report record reserves, despite increased tonnage and fleet modernisation hitting gross income
German flag faces uncertain future Owners welcome move towards European flag, but union fears impact on maritime training
Beluga's demise costs Germany a frontrunner in maritime training Highly praised company claimed to employ largest number of trainees each year
China poised to catch up Singapore as largest bunkering nation Industry experts predict volumes could reach same level within five or six years
Maersk and MSC postpone rate rises Weak trade conditions on Asia-Europe route also lead to rumours of services being withdrawn
Nor-Shipping 2011: LNG market poised for expansion Conversions and speculative newbuildings indicate move away from tanker sector as rising rates attract interest
Moex payment to Macondo disaster pool offers hope for Anadarko investors Fears of company being wiped out by a huge financial liability begin to recede
Diamond Offshore dispute resolved Happy ending on another Anadarko force majeure
Anadarko explores new frontiers In addition to drilling in the Gulf of Mexico, the company is also focussing on several fields off West Africa
Green light for liquefied natural gas projects As Shell approves vessel for use offshore, Chevron has plans for onshore facility
Zim posts first-quarter operating loss Volumes increase by 9%, but freight rates remain under pressure
Banks eye offshore market As overcapacity hits the shipping sector, financiers turn their attention to rigs and drillships
Ports: the price for Yildirim's CMA CGM bailout In an exclusive interview with Lloyd's List, Robert Yildirim explains the rationale behind his company's investment in the French liner operator
Drilling veteran forecasts market evolution A spot market could emerge as the tenor of charter contracts comes down, says Steve Meheen
Yildirim's added value Investment in CMA CGM now means that when Robert Yildirim makes a bid for a port concession, he brings to the table a guarantee of volume
Thoresen Thai Agencies investors launch boardroom power struggle Rebel group demands removal of directors and an exit from dry bulk operations
A taxing question in Japan As Japanese shipowners consider moving offshore, authorities should be aware of this potential impact of high taxation
OSV builder Nam Cheong readies for Singapore debut Malaysian offshore specialist vows to keep growth momentum intact
Top Ships takes back second tanker from Zacchello Seven-year bareboat charter for Tyrrhenian Wave mirrors terms recently fixed for sister tanker
Nor-Shipping 2011: interest rate rise worry for owners Extra financial pressure on top of weak charter markets could see a rise in the number of casualties, experts warn
Arctic offshore potential ' or pipedream? Deepsea production in extreme conditions is costly, in terms of equipment, crew and safety measures; would anyone be willing to invest?
Overheard at Nor-Shipping A digest of the next generation's views on the shipping industry
Banks more flush but more selective, too MAJOR shipping banks have more money to lend to the offshore sector, but only for the right projects, an Oslo conference heard today
Odfjell wins Russia case RUSSIA'S Supreme Court today sustained a lower court ruling and rejected an appeal by northern Russian shipbuilder Sevmash against an order to pay Odfjell of Norway $50.5M
Russia seen lifting grain export embargo RUSSIA has apparently decided to lift Russia's grain export embargo next month, as scheduled
Norway backed on offshore IPOs NEW PLAYERS in the offshore sector would be better off listing in Norway than the US, an Oslo conference heard today
Tankers assessed in Frontline reactions SHIPPING analysts remained concerned today about the tanker sector's outlook, even though Frontline's results arrived slightly better than predicted
Crew still stuck in India A BULKER partly sunk after colliding with a box ship will be remain at Mumbai's port - stranding its 11 crew members - after an auction of the vessel was postponed
Delhi backs armed guards INDIA'S government has reportedly decided to require armed guards on ships in pirate-plagued areas
Newcastle/India coal deal rumoured INDIAN cement producer ACC has reportedly booked a Capesize to carry Newcastle coal, in what brokers told Fairplay would be an unusual deal
Slow steaming aids VLCCs BROKERS today told Fairplay slow steaming has improved VLCC rates this year and has reduced the Persian Gulf tonnage glut
15 rescued from pirates A NATO warship's assault team has reportedly rescued 15 crew members, all Indians, from pirates
1,300 BDI average seen MACQUARIE Capital Securities is predicting that the BDI will average 1,300 this year because the drybulk sector remains gripped by oversupply of ships
Drunken skipper convicted THE SKIPPER of a passenger ferry in Falmouth has reportedly been found guilty of being drunk while on duty
Nordcapital appeals seeks bulker bailout HAMBURG KG house Nordcapital has asked private investors in a fund to add capital equivalent to 18% of their original investments
Tapping the KG market at last GERMANY's KG shipping equity market is nearing its largest single box ship placing since the recession, from Hamburg's Nordcapital
Offshore switch ahead DNV TOLD Fairplay today that more Asian yards can be expected to switch to building offshore vessels as other shipping markets continue to suffer
Hamburg Sud Boosts Bunker Surcharges Hamburg Sud said Thursday it will raise its bunker adjustment factor on July 1 on the trade between the Pacific...
Intermodal Container Volume Hits 2011 High Intermodal rail traffic for U.S. Class 1 railroads grew 8.7 percent year-over-year in the week ending May May 21, including...
US Steel Imports Up 21.9 Percent U.S. steel mill product imports grew 2.9 percent in April over March, and were up 21.9 percent in the first...
Wildlife Thrives at Georgia Ports, Survey Finds The Georgia Ports Authority, facing environmental opposition to its plans to deepen the Savannah River to 48 feet, said its...
Virginia Port Authority Takes Over Richmond Operations The Virginia Port Authority board of commissioners approved the lease agreement with the Port of Richmond to take over operations...
Kansas Expedites Tornado Relief Efforts Following Missouri's lead, the state of Kansas is suspending some motor carrier rules to expedite relief shipments heading to tornado...
Maersk to Leave Italy's Gioia Tauro Maersk Line is pulling out of Gioia Tauro, dealing a major blow to the troubled southern Italian port's role as...
Carriers Restart Second Asia, S. Africa, S. America Sling Hamburg Sud and Maersk Line plan once again to bring back a second sling to their joint Asia - South...
CMA CGM to Sell Malta Terminal Stake, Report Says CMA CGM is said to be negotiating the sale of a 49 percent stake in its Malta container terminal to...
Zim Narrows Loss on 22 Percent Revenue Jump Zim Integrated Shipping Services announced a sharply lower first quarter operating loss of $24 million against $83 million a year...
Matson Says Niche Trans-Pac Model Working Matson Navigation says the trans-Pacific service the carrier began five years ago has proven a successful expansion beyond Matson's comfortable...
Jones Act Backers Challenged by Congress
U.S. domestic maritime carriers must continually remind Congress of the ongoing benefits of the Jones Act protections for the business,...
Getloaded, Freightliner help truckers find cargo Systems developer Getloaded and North American truck manufacturer Freightliner have launched an exclusive discount program for The Edge customers that creates opportunities for owner-operators to find freight. When drivers sign up for The Edge, Fre...
Swiss expands summer cargo capacity Swiss WorldCargo will expand its global network this summer due to a capacity agreement with Edelweiss Air. In June, Edelweiss, a Switzerland-based holiday airline, will start weekly direct connections from Zurich to four new destinations: Beijing...
ABS releases LNG vessel systems guide Classification society ABS has released a newGuide for Propulsion and Auxiliary Systems for Gas Fueled Shipswith increasing global interest in powering vessels with liquefied natural gas. The comprehensive guide provides criteria for the arrangeme...
Antillean charged with oil pollution The U.S. Justice Department said Americas Marine Management Services Inc., which does business as Antillean Marine, has been charged with one count of oil pollution, failing to keep and accurate oil record book and a count of failing to submit repo...
ICC calls for immediate action against piracy The International Chamber of Commerce Thursday urged governments to take action against the increasing number of pirate attacks taking place off the Somali Coast. ICC, whose International Maritime Bureau tracks piracy incidents,issued a call for a...
IMO creates standards for armed guards at sea Concerned about the potential for renegade actions at sea, the International Maritime Organization last week approved interim recommendations governing how ship owners, vessel operators and flag states should utilize or regulate the presence of ar...
Zim benefits from higher volumes, rates Israeli container carrier Zim said it had a first quarter operating loss of $24 million versus an operating loss of $83 million in the same quarter last year. First quarter earnings before interest, taxes, depreciation and amortization in the quar...
Hamburg Süd, Maersk restore second sling Hamburg Süd and Maersk Line will again add a second sling to their service in July, after reducing their joint Asia/South Africa/South America East Coast service to one sling in the slack season. "With this move, the service partners wish to furth...
Compair Study
Combating piracy IMO creates standards for armed guards at seaConcerned about the potential for renegade actions at sea, the International Maritime Organization last week approved interim recommendations governing how ship owners, vessel operators and flag states s...
Bunker spill in St. Petersburg IFO leaked on deck during bunkering.
DNV and Oshima present ECO-Ship 2020 bulk carrier concept Designed to lower fuel costs and exceed regulatory standards; much of estimated 50% CO2 reduction to come from efficient LNG engine.
Odds stacked against Mediterranean ECA Panel discussion shows major doubts about the chances of an ECA in the region, and questions justification.
Double-digit gains in Singapore, Hong Kong bunker prices Demand mostly slack at key Asian bunker hubs on Thursday.
EU: 0.1% sulphur limit proposed for passenger vessels Part of process to align EU regulations more closely with MARPOL Annex VI.
NYK to begin practical trials of hybrid power supply system Auriga Leader to be fitted with ballast water management system and adapted to use low sulphur fuel.
Dutch firm launches fuel efficient coaster The Green Cape Trader consumes less than 3,000 litres of MGO per 24 hours.
Beluga Shipping takes on new name Beluga Shipping GmbH & Co KG. renamed as Hansa Heavy Lift GmbH.
Japan bunker demand recovers to 92% from monthly volumes Bunker demand at West Japan 'already returned to normal', while deliveries at East Japan still lag, says source.
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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