Use counter-terror tactics against pirates: US admiral A US Navy admiral yesterday called for using counter-terrorism tactics against Somali pirates, warning the gangs have extended their reach into the Indian Ocean and seized more hostages.
Singapore tanker sinks off Bintan A SINGAPORE-registered asphalt tanker sank yesterday afternoon, on its way from Singapore to Sumbawa, Indonesia.
Liege airport sets new freight record 639,434 t of freight passed through Liege airport in 2010, an increase of about 33% compared to the 482,121 t handled in 2009. This exceptional growth puts the latest figure substa...
American Airlines first US airline to order B777-300ERs Boeing and American Airlines have announced that the Fort Worth TX-based US carrier has exercised options for two Boeing B777-300ERs. The B777 is said by Boeing to be the world's m...
Reysas Lojistik adds Mercedes-Benz tractors to fleet Reysas Lojistik, a leading Turkish transportation service provider, has again opted for Mercedes-Benz tractors to renew and rejuvenate its truck fleet. Mercedes-Benz T'rkiye and Ko...
SBB Cargo and Swiss inland ports call for new terminals 200,000 containers reach Europe by sea every day, and 2,000 of them are destined for Switzerland. Nicolas Perrin of SBB Cargo and Hans-Peter Hadorn of Switzerland's inland ports on...
Transco continuing expansion in Eastern Europe The German company Transco Berlin-Brandenburg, the 100% subsidiary of Transco Süd that was founded at the end of 2010 and is headquartered in Ludwigsfelde near Berlin, has now atta...
New firm LatRailNet to look after rail infrastructure LatRailNet, a new joint stock company, was recently founded in accordance with amendments to the Latvian railway laws. 100% of the shares belong to the joint stock company LDz (Lat...
Bertschi back on track for growth Bertschi, a Swiss transport company with international operations, substantially improved its traffic figures last year and gained market shares. Sales limped slightly behind, howe...
Geodis Wilson welcomes Peter Baumann as head of automobile activities Geodis Wilson has welcomed Peter Baumann to its automobile logistics division. As the unit's global director, Baumann will promote Geodis Wilson's development in the automotive ind...
Rumours lead to HHLA share price increase Is China or Dubai attempting to gain a slice of Hamburg's port operator HHLA? Rumours are rife and have led to a marked increase in the price of HHLA's shares, which...
Product tanker spot rates up 50% on Atlantic run Owners of medium range product tankers operating on the transatlantic gasoline trading lane between Europe and the US have had their confidence lifted this week as busy chartering activity has pushed spot market earnings up 50%
Panamax paper trades point to possible recovery FFA values show "meaningful but fragile" gain in the crucial second-quarter contract
Kozmino oil terminal opens up new aframax opportunities Russian facility exports 15m tonnes of crude in first year of operation
Daewoo Shipbuilding delivers 7% of total newbuildings in 2010 Four South Korean firms among top five yards, while China is biggest shipbuilding nation
Surplus of vessels perpetuates eight-week slide in market rates The Baltic Dry Index fell 48 points to 1,186 today, marking an eight-week continuous slide that shows no sign of slowing as the market is swamped by too many new vessels
Teekay Offshore Partners considers simplified ownership structure Parent Teekay to pocket cash in the bargain
Brussels takes UK to task over crew wage gap UK served notice of legal action over seafarer pay discrimination
Stolt-Nielsen warns over parcel tanker business Division faces another tough year as tonnage entering the market rises over 25%
TBS close to securing deal with lenders Resolution over $329m loan said to have been agreed ahead of January 31 deadline
European shippers blast new box security rules Regulations causing confusion among carriers and customers
Louis Dreyfus Armateurs upbeat on dry bulk outlook French owner bullish after inking $330m deal for eight new bulkers
Almi clinches bank finance for first half of mega-order Founder Costas Fostiropoulos says ordering vessels without lending in place was 'a calculated risk'
Owners continue to defer 2011 deliveries Just 60% of scheduled deliveries in 2011 expected to enter service in next 12 months
Lacklustre outlook fails to dampen box charter rates Buoyant values at odds with current container market sentiment
FMC launches slow steaming probe Commission to examine economic impact of slow steaming on wider supply chain
Chinese ports spin-off gives HPH more financial flexibility Planned $6bn listing of southern Chinese port assets indicates the group's long-term outlook on the growth of box trades
Jacques Saadé poised to retake helm at CMA CGM Three Yildirim representatives to join French line's board as Turkish group finalises $500m investment
RCCL profits forecast disappoints market Share price falls 5% in early trading after cruise operator cuts first quarter profit forecast
Mass ratification of Athens protocol not viable Differing parliamentary requirements across European Union will make it too complicated
Murmansk harbours some dirty ambitions Russia's Arctic Circle port has had its coal exports stymied. It may well bounce back
Woodside eyes more northwest expansion
Bass Strait looking busy on hopes of discovering more gas
BP wins oil and gas drilling permits in Australian waters Oil giant will first conduct seismic tests and then commence exploratory drilling by 2013
Floods are watershed for Asian economies Recent floods in Australia have brought home the vulnerability of natural resource supply chains and raised questions over the continued growth of Asia's economies
Sweden to study impact of low sulphur rules Government to assess effect of sulphur regulation on shipping
Singapore listing allows group more control Hutchison Whampoa chose Singapore because Hong Kong's stock exchange does not offer the business trust structure that it sought for the listing
Hutchison's links with Lion state
CSSC sets $1.2bn profit target for 2011 Forecasts sales of Yuan110bn this year
Kidnappers hold captain THE UKRAINIAN captain of a Greek cargo ship has reportedly been kidnapped off Nigeria.
Pakistan plans new LNG tender PAKISTAN has decided to ask again for tenders for a major LNG import project, thereby finally putting an end to an earlier $20Bn agreement.
Analyst cuts drybulk trio WELLS Fargo analyst Michael Webber today lowered his ratings for Genco, Diana and Navios Maritime Partners, citing headwinds from the Korea Line receivership.
Capesizes drop another 9.1% CAPESIZE bulker rates fell 9.1% today to $6,705 a day amid fear that China's economic growth might be grinding to a halt.
Royal Caribbean forecast hits shares CRUISE major RCCL today reported fourth-quarter results that were far better than expected, but shares are being pressured by tempered expectations for 1Q11.
Register rejects criticism of piracy policies A PANAMA ship register's representative has defended flag states from accusations that they are failing to employ best practices to prevent pirate attacks.
Senators Re-Launch Rail Regulation Effort Key senators who tried to push rail regulatory legislation in the last Congress re-introduced those measures this week, with one...
Mica Targets Amtrak's NE Corridor in NY Hearing House Transportation and Infrastructure Committee Chairman John Mica took Amtrak to task in a field hearing Thursday in New York...
UBM Global Trade Launches Container Shipping Exchange UBM Global Trade, the parent of The Journal of Commerce, will launch a container slot e-marketplace this month called JOC...
OOCL 4Q Revenue Jumps 41.9 Percent OOCL's revenue jumped 41.9 percent to $1.5 billion in the fourth quarter on strong gains in demand and pricing, parent...
Spain Ratifies Rotterdam Rules Spain became the first country to ratify the Rotterdam Rules, a new international agreement governing liability for damages to ocean...
Knight Profit Leaps 20 Percent in 2010 Knight Transportation is breaking from the truckload pack, adding capacity and increasing its length of haul, and its individuality is...
Werner Profit Climbs 41 Percent to $80 Million Higher spot market and contract pricing and fewer empty miles boosted Werner Enterprises' net profit 34 percent in the fourth...
FMC Drops 16-Year-Old Japan Discrimination Case The Federal Maritime Commission on Wednesday closed the book on a 16-year-old proceeding that once threatened a trade war between...
ProLogis, AMB in Merger Talks ProLogis and AMB Property say they are negotiating a potential blockbuster merger that would combine two of the world's largest...
AASHTO's Horsley On Washington's Path to Transport Funding (Video) John Horsley, executive director of the American Association of State Highway and Transportation Officials, talks about the 2011 transport legislative...
Vancouver Hits Container, Bulk Records Port Metro Vancouver handled a record volume of 2.5 million 20-foot equivalent units of containers in 2010, a 17 percent...
Mumbai Container Volume Surged 35 Percent The volume of containers handled by India's Port of Mumbai climbed 35 percent year-over-year in the nine months ending Dec....
Obama Re-Nominates Bersin, FMC Candidates President Obama re-nominated Customs Commissioner Alan Bersin on Thursday along with Rebecca F. Dye and Mario Cordero to the Federal Maritime...
Japanese Trade Surplus Expands in 2010 Japan's trade surplus with the rest of the world expanded for the second consecutive year in 2010, widening 153.4 percent...
YRC to Cut 80 Jobs in Akron, Ohio YRC Worldwide will cut 80 jobs in Akron, Ohio, and is looking for a buyer for the former headquarters of...
Korean Air Scales Up Capacity Expansion Korean Air, the world's largest international freight airline, said Thursday its cargo revenue grew 1.9 percent in 2010 to $863...
Heartland Chairman Gerdin Taking Health Leave Heartland Express Chairman and CEO Russell Gerdin will take a leave of absence from his position at the truckload carrier...
Non-Transport Factory Orders Grew in December U.S. factory orders fell slightly in December as a result of a large decline in aircraft orders. But orders for...
KCS Profit Soars 60 Percent on Intermodal Demand A strong surge in intermodal traffic pushed Kansas City Southern's net profit up 60 percent to $52 million in the...
Rhine River Accident Traps 300 Ships More than 300 barges are still trapped on the River Rhine in Germany more than two weeks after a ship...
INTTRA Links with Indian Software Provider INTTRA said Thursday it is integrating its e-commerce platform with Info-X Software Technology, which will enable the Indian software provider...
Hamburg Sud's Pump Cites Infrastructure Problems Infrastructure remains a challenge for ship lines, says Juergen Pump, senior vice president of Hamburg Sud North America. The...
Advent Buys Half of Brazilian Container Terminal Advent International, a private equity firm specializing in Latin American investment, is acquiring 50 percent of the capital stock of...
Advent buys Brazil container terminal stake Advent International, a private equity firm, has agreed to acquire half of the capital stock of Terminal de Cont'ineres de Paranagu' S/A (TCP), Brazil's third-largest container port terminal. The value of the transaction and other financial terms w...
OWL expands in Poland Non-vessel-operating common carrier Ocean World Lines has opened an office in Szczecin, Poland, to offer more coverage and service options in the expanding Eastern Europe region. Szczecin is Poland's seventh-largest city, situated in the northwest...
Rockefeller introduces rail reform bill Sen. John D. Rockefeller IV, D-W.V., said legislation to reregulate the railroad industry would be a priority this year for the Senate Committee on Commerce, Science and Transportation that he chairs. Rockefeller Rockefeller this week introduced S....
Some Maersk-Safmarine Horn sailings skip Sudan Maersk Line and subsidiary Safmarine have temporarily stopped calling Port Sudan on some of the sailings of their joint Horn of Africa service connecting Southeast Asia, the Middle East and North Africa, according to American Shipper affiliate ComP...
FMC to look at "slow steaming" The Federal Maritime Commission voted Wednesday to issue a notice of inquiry (NOI) on "slow steaming," the increasingly popular practice of operating containerships at reduced speeds. During a meeting, commissioners suggested some modifications to...
Lines manage capacity tightly in 2011 Liner carriers in the two major east/west head-haul trades have significantly decreased effective capacity available to shippers since the start of 2011, according to data from American Shipper research affiliate ComPair Data. ComPair Data'sWorld ...
Editorial
Commentary
2010 Transportation Procurement Benchmark Study Leveraging automation to manage market volatility - Register and downloadAmerican Shipper''smost recent annual report...
Arms more present in piracy waters Although a vast majority still believes that arming civilian seafarers is a bad idea, acceptance has increased for armed security personnel on ships transiting pirate infested waters. Stena Bulk is
Korean company in crisis sparks worry in bulker world The second largest shipowning group in South Korea, Korea Line Corp, has applied for company rehabilitation. As a consequence, the company is not allowed to pay charter payments for up
Danish mariners are ready for armed guards Danish captains and other officers are now ready to accept armed guards on board their ships on the passage of the Gulf of Aden and some areas of the Indian
Big rise in container traffic through Baltic ports A report from the port of Klaipeda shows a significant rise in the container throughput in the major Eastern Baltic ports. According to the report, St Petersburg handled 1.9
UN top legal advisor suggest piracy courts UN secretary-general's top legal adviser on piracy, Jack Lang, proposes three new courts to try and sentence Somali pirates. Two of the courts are suggested to be placed inside
Prices rise in the Middle East Deliveries of 180 cSt product in Durban is available for supply from February 4-6.
Bunker market firming in European ports Some suppliers fully booked in Rotterdam.
Key US ports in new 'scrubber' trial Los Angeles and Long Beach hope 'to demonstrate the effectiveness of new technology' in cutting emissions.
Singapore bunker market will be 'tight' Fuel oil stocks climbing but avails of bunker grade material are tight.
Iran to open new 'bunker centre' Reports say launch expected in 'next couple of days'.
Bunkerworld Singapore office moves New address is in heart of Singapore's business district.
Singapore fuel oil stocks climb for second week running Western cargo arrivals boost inventories.
Asian bunker prices firming Mixed demand at key Asian bunker port, traders say.
Heavy snow stalls IFO deliveries to Far East Russian ports Snow slows rail transport of bunker cargoes.
Cold ironing facility commissioned at Gothenburg Onshore power supply a 'forceful measure' to reduce pollution and noise, says CEO of Gothenburg port.
Hong Kong bunker supplies 'tight' Traders report replenishment delays and higher demand prior to the holidays.
Philippine bunker ops under 'close' watch Fuel oil terminals ask for bunker permits prior to loading bunker fuel.
Scandlines to fit 'smokeless' engines on newbuilds Engine optimised for 'smokeless operation' and 'reduced nitrogen emission levels', says manufacturer.
US commission to launch formal inquiry into slow steaming Commission reportedly receiving complaints that carriers are not passing on fuel savings.
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