Key Baltic index rises for a 4th day The Baltic Exchange's main sea'freight index, which tracks rates to ship dry commodities, rose for a fourth day, although slow activity was expected to weigh on vessel earnings in the coming days.
Automobile supplier Plastic Omnium moves to logistics centre near Karlsruhe The British logistics property developer Gazeley has finished new areas at its Karlsruhe'Kandel logistics park (Germany) and leased them to Plastic Omnium. From the ...
LH Cargo flying to three new destinations The German airfreight transport provider Lufthansa Cargo is substantially enhancing its network at the start of the summer timetable. With effect from 27 March, the carrier is flyi...
AirBaltic cancels services from Vilnius to four European capitals The Latvian airline airBaltic is cancelling four routes from Vilnius to Dublin, London, Rome and Paris for the summer season starting 27 March. The move is due to new market e...
Volvo Trucks (North America) introduces new car transporter Volvo Trucks in North America is introducing a new vehicle dedicated to the automobile transport business. The Volvo Autohauler (VAH) was developed to maximize freight capacity whi...
Renault Trucks still on track despite difficult environment The French vehicle manufacturer Renault Trucks reported it issued invoices for 44,938 vehicles in 2010, an increase of 26%. In the vehicles over 6 t category, Renault Trucks sold 2...
Arik Air helps Leone Airways to serve London Nigeria'based Arik Air recently entered into a joint venture agreement with the government of Sierra Leone to incorporate Leone Airways. Sierra Leone's country's future nation...
Evergreen Line launches weekly TMI service between Thailand, Malaysia and Indonesia The Taiwanese shipping company Evergreen Line has launched a weekly Thailand'Malaysia'Indonesia (TMI) service. The new trade route will enhance Evergreen's Southeast Asia service n...
APM Terminals shines again at PMA Safety Awards APM Terminals' Pier 400 Los Angeles facility, the largest container terminal in the port of Los Angeles CA (USA), has been awarded first place for the fourth consecutive year in th...
EU Commission vice'president discusses railways' future with rail infrastructure managers The European Commission's vice'president, Siim Kallas, recently met with CEOs of European Rail Infrastructure Managers (EIM). The discussions provided a preview on the European Com...
PKP Cargo starting services on Germany's rail network PKP Cargo, the largest Polish railway company, has been contracted by Mosolf to operate scheduled cross'border train services on an almost daily basis between the Fi...
Air Partner appoints new country manager for Germany Air Partner, the world's largest provider of high quality private and business jets, as well as aircraft of all sizes for passenger and freight traffic, has selected Philip Philipp...
MOL Group companies transport aid supplies to quake'stricken areas in Japan The Japanese shipping company Mitsui O.S.K. Lines (MOL) recently reported that its group companies purchased food, water, and other daily necessities, and took them to the Ohi...
FedEx expands activities in Suzhou (China) FedEx Express, the US'based integrator, has opened a new 2,300 sqm station in the Suzhou New District ' the company's third station in Suzhou in China's Jiangsu Province. Loca...
Kerry Logistics opens two logistics centres in China Kerry Logistics has opened two new logistics centres in Chongqing and Kunshan (Both China). The first phase of the Chongqing Kerry logistics centre, which covers 20,500 sqm and whi...
VLGC earnings set to climb 25% by 2013 as cargoes rise Crude oil refining recovery in North America to create more LPG for gas carriers
West Africa suezmax rally to finish Rising VLCC availability set to drag earnings under $30,000 per day for first time in four weeks
Asia'Europe box rate at 19'month low FREIGHT rates in the Asia to Europe container trades continue to slide, with the latest Shanghai Containerised Freight Index showing that the $1,000 per teu floor has been breached for the first time since mid'2009
Middle East to alter LPG trades SEABORNE trade of liquefied petroleum gas will rise by nearly 15.6% over the next two years, driven by growth in Middle Eastern LPG production, which is set to change LPG trade patterns
Little cheer for capesize owners as rates level out AFTER an uninspiring week for capesize owners, few are expecting the week ahead to be much more exciting with slight improvement in rates the best that even optimists are pinning their hopes on. The outlook for the Atlantic remains a little rosier than for the Pacific, but even that is unlikely to offer anything to get worked up about
China hopes to loosen Big Three's grip on iron ore CHINA hopes that the overriding dominance of its iron ore imports by the big three global iron ore suppliers will be broken by 2015, according to an official of the China Mining Association
ER Schiffahrt opts for German flag for two boxships Will reflag two more ships but demands changes to terms of German flag
IMO talks to hammer out CO2 reduction measures Market based proposals to be reduced by more than a half as European Commission says it continues to work on parallel track
UK coastguard warned over cuts to fire response service MCA'authorised report shows increased safety risks around UK if resource is cut
A sense of unease bubbles below the surface at CMA Annual Stamford convention fails to hit highs of previous years with talk between delegates centred on shipping's financial troubles
Kopernicki bids goodbye to Shell After 40 years at the oil giant Shell, its vice'president for shipping retires at the end of this month
Beluga bankruptcies may hit Lloyd Werft Beluga Offshore Cable vessel order at shipyard now in jeopardy
NYK assesses supply chain damage from Japan tsunami
Yusen targets European market for expansion Logistics provider aims to triple revenues in Europe and has clear strategy for growth ' geographical, organic or acquisitions
Arcus eyes potential of Forth Ports' 'high quality' assets
Order big to save plenty Has containership financing started moving in the same direction as the aircraft leasing sector, where much larger single orders are the norm?
Follow the money Maersk's relocation to Guangzhou is not about dissatisfaction with Hong Kong, but about getting deeper into China
Eagle reaches deal with Korea Line receivers Cedes 8% discount on day'rate in return for profit'sharing concession
MCA admits failures over high priority ship inspections Lack of flexibility in marine surveyors' contracts means the UK is failing to meet European port state control inspection regimes
Capital Link 2011: Shipping fails to win over Wall Street Majority of traded companies "not institutionally relevant right now"
Intra'Asia trade set to hit 22m teu in 2011 Growth likely to be accompanied by rise in overall fleet and vessel sizes
Capital Link 2011: DVB puts $700m on table for box sector Bank also lays the groundwork for in'house "institutional'style" KG funds
Capital Link 2011: Private equity set to plug KG funding gap Flow of cash from investors positive for boxship sector
Employers agree to extend piracy high risk area Agreement seeks protection of seafarers through the provision of increased security measures
Cosco Nantong inks $1bn deal for two drilling units with Sevan Firm contract to be signed later comes with options on two more units
Maersk cuts Hong Kong port calls in favour of Guangzhou Move to Nansha sees number of ships calling Hong Kong drop to 22 from 30 each week
KL bulkers seized NORDEA Bank has reportedly seized two bulkers from Korea Line's Singapore unit
EU pushes 'parallel tracks' on vessel emissions THE EU is reportedly preparing either to include shipping in its emissions trading system or to charge owners for carbon emissions from vessels
Japan vehicle components slump PRODUCTION of Japanese'made engines and transmissions for light vehicles looks set to plummet by almost 900,000 units this week, IHS Global Insight reported
Thai seafood to Japan on ice EXPORTS of Thai frozen seafood to Japan have been disrupted by the quake crisis
Star finally profits GENTING HK, owner of Star Cruises and half'owner of NCL, has logged its first profitable year since 2005
Beluga offshore scheme hit BELUGA'S offshore logistics activities have been sucked into the embattled project shipping group's downward spiral
NRW awarded Rio deal SPECIALIST Australian civil contractor NRW Holdings has won an A$101M ($103.4M) contract from Rio Tinto as part of the mining giant's Cape Lambert Port B project in Western Australia
VLCC picture is foggy SHIPPING analysts aired mixed views today about VLCC spot rates, because high recent activity is encouraging while the tonnage glut dampens sentiment
BHP stokes up coal, ore output BHP BILLITON said it plans substantial raises in Australian iron ore, coking and thermal coal exports, in announcing expansion projects worth more than $10Bn
Rain again soaks export plans in Oz HEAVY rain across northern Australia is continuing to affect mine production, forcing Fortescue Metals today to issue another output warning
Russian ports trend down BIG BOX gains were the brightest spot in results issued by Novorossiysk Commercial Sea Port for January and February, with a rise of 100% to 763,000teu
Maersk cuts HK calls MAERSK Line plans next month to cut by one'third the number of its ship calls in Hong Kong
FedEx Freight, Con'way Gain LTL Market Share FedEx Freight was the largest less'than'truckload carrier in the U.S. for the second consecutive year in 2010, a survey of...
Tariff'Filing Changes May Not Please Carriers, Says Firm Modification of the tariff'filing requirements for cargo consolidators that will take effect on April 18 may not give non'vessel operating...
Truck Trailer Shipments Doubled in February Strong demand for truck equipment, particularly dry'van trailers, spurred a 105 percent increase in trailer shipments in February, ACT Research...
BTT President on HOS Rules, Intermodal Expansion Plans (Video) Hans Stig Moller, president of Bridge Terminal Transport, discusses the effects that the new Hours of Service for truckers and...
Port Group Elects Jerry Bridges Chairman The American Association of Port Authorities elected Jerry A. Bridges, executive director of the Virginia Port Authority, to serve as...
Japan Disaster's Impact on Autos Spreads The Japanese disaster's impact on global automotive supply chains "will worsen substantially before it improves" and could affect 15 to...
Cargo Liability's Fairness Doctrine Q: In your Feb. 28 article, "Carmack's Broken Model," you discussed whether there should be a uniform North American Free...
Trucking's Big Shift It's official, YRC Worldwide is no longer the largest U.S. less'than'truckload operator. FedEx Freight claimed the top spot...
LTL's Incomplete Recovery The modest economic recovery in 2010 pumped life back into pummeled less'than'truckload carriers, filling trailers with enough freight to push...
Magic Priorities Anyone who has young children, or a deep interest in U.S. transportation policy, can find some interesting wisdom in the...
Japanese Grain Import Demand to Remain High The U.S. Grain Council said consumer demand in Japan will drive imports of coarse grains from the U.S. despite the...
DHS Steps Up Radiation Monitoring for Cargo from Japan The Department of Homeland Security's front'line agencies, "out of an abundance of caution," said this week that they are increasing...
ESC Elects Choumert Chairman The European Shipping Council on Friday elected Denis Choumert as its new chairman. Choumert, director of procurement and logistics...
GDP Revised Upward The U.S. economy grew faster than previously estimated in the last quarter of 2010, but many economists say rising oil...
German Ocean Carriers Avoid Tokyo, Yokohama Several German shipping lines suspended calls at eastern Japanese ports, including Tokyo, because of fears crews could be exposed to...
Poland to Sell Stake in Rail Freight Carrier Poland's state'owned railway PKP plans to sell a majority stake in its rail freight unit. The company launched a...
Hanjin Takes Delivery of Second 10,000'TEU Ship Hanjin Shipping said it took delivery of the second of a series of five container ships with capacities of 10,000...
RoadRunner Grows Fastest Among Top LTL Carriers Roadrunner Transportation earned its name last year as the fastest growing company among the top 25 less'than'truckload carriers ranked by...
Asia'Europe Spot Index Falls Below $1,000 per TEU The spot index for shipping containers from Shanghai to Europe slipped below $1,000 per 20'foot equivalent unit this week for...
Maersk Will Reduce Hong Kong Calls Maersk Line announced Thursday it will reduce ship calls to Hong Kong by up to a third starting in April,...
Customs Clears First Post'Earthquake Shipment from Japan U.S. Customs and Border Protection cleared goods arriving on an APL ship from Japan this week, the first shipment of...
Torvald Klaveness to split Brothers who own top Norwegian bulk carrier operating group in shock split following major disagreement.
Libyan trouble a tonic VLCC and suezmax owners set to gain from strife in the war'torn country while aframax rivals lose out, Clarksons says.
Erria cuts loss Danish tanker owner has started on the long road back to profit after offloading its containerships.
Eagle strikes KLC deal New York'listed owner sees a dozen contracts with ailing firm adjusted and a 13th deal remain untouched.
Yang Ming much better Taiwanese container line racks up big 2010 profit after huge loss in 2009.
Nikitin mulls his options Wealthy Russian shipowner prepares for life after marathon legal battle with Sovcomflot.
Citadel saves bulker Crew of Japanese'owned supramax survive pirate attack in safe room while US war plane helps spook gang on board.
Cargoship burns off Vietnam Dramatic pictures show fire boats tackling blaze on vessel on Xang Na canal.
New5 in Numb3rs Beluga newbuildings hang in the balance while Kristian Jebsen is not happy with Norden's prized contract award.
Disney crew member missing Woman feared lost overboard from Disney Wonder off Mexico after ship'wide search fails to find her.
Oliva left to rust Two sections of Dryships bulker unable to be salvaged on remote Nightingale Island in South Atlantic.
MOL ship in radiation scare Chinese port officials find higher than normal radiation levels on MOL boxship from Tokyo, but no indication of what readings were.
HMM share sale blocked Takeover talk reaches fever pitch as Korean owner barred from increasing scale of preferred stock issue.
Banks back LDA 'psychic' More bulker orders may be in the cards for French owner as banks help support Louis'Dreyfus dream.
LDA eyes seismic surge Louis Dreyfus Armateurs boss says atomic crisis in Japan could boost seismic survey demand as nations turn to oil and gas.
Quotes of the week Reports of Niels Stolberg's death have been exaggerated, while GNMTC becomes a pariah.
New York port fees lowered The New York Shipping Association Inc. (NYSA) said it has reduced its assessment on local containerized cargo moving through the New York'New Jersey port by 11.5 percent. The per'container charge for cargo moving to or from destinations within 260 ...
L.A. port program serves as NEI model The Port of Los Angeles has proved so successful at opening export opportunities for U.S. companies that the federal government wants to replicate its Trade Connect program around the country. On Tuesday, National Export Initiative Director Courtn...
USDA considers Kenyan bean imports The U.S. Department of Agriculture's Animal and Plant Health Inspection Service is considering amending its regulations to allow the import of French beans and runner beans from Kenya. As a condition of entry, both commodities would have to be pro...
Caterpillar weighs sale of logistics business Caterpillar Inc. said it is examining "strategic options" for its third'party logistics business, including a potential sale or structuring it as an independent business within Cat Logistics. "The third'party logistics business has been a high per...
New Cambridge Systematics freight transport leader Cambridge Systematics has appointed James Brogan to head of its freight transportation business line. Brogan is a principal of CS and has been with the firm for more than 10 years. Most recently he served as CS's office director in Austin, Texas, a...
APL: Japanese cargo radiation'free Container carrier APL said Friday the U.S. Customs and Border Protection gave cargo arriving in Los Angeles from Japan an "all clear" after conducting radiation tests on 355 containers discharged from the shipAPL Korea.APL said the containers were ...
ASC: Time to treat pirates like terrorists The Asian Shippers' Council on Thursday sent a proposal to the International Chamber of Commerce on how to better combat piracy in East Africa and the Gulf of Aden. The proposal suggests governments involved in the international coalition battling...
Plans to disable pirate "motherships" discussed With frustration over Somalia piracy increasing, shipping executives are discussing whether naval forces should disable vessels as they are hijacked to prevent them from being used as "mother ships" from which attacks can be launched further offsh...
Armed guards a necessity Armed guards on board could significantly reduce attacks by Somali pirates, so shipowners must overcome their fear of using them, according to the main speakers at a seminar on maritime Published: 25.03.11 12.29
Maersk Line donated free transport of aid to Japan A P Møller'Mærsk A/S has decided to donate free aid transportation worth DKK 500 million to help the Japanese population and for rebuilding the country after the earthquake
DFDS records increased revenue and cuts in bunker consumption Company has stated that cut in fuel consumption was heavily outweighed by increasing bunker costs.
Bunker prices lack direction as week ends Crude futures settled slightly lower as traders worried that the ongoing crisis in Japan and Libya would impact the supply'demand picture.
Fujairah market stable In Durban, deliveries available up to and including April 8.
Study highlights benefits of biofuel Switching from IFO to biofuels 'would result in strong reductions in sulfate aerosol'.
Novorossiysk supplier gives contact details of 'exclusive trading agent' DalcyOil Mediterranean is acting for TOS.
Partial shutdown at Rotterdam refinery BP plant is the second largest in Europe.
Chimbusco could be sold 'this year' China's leading bunker supplier at centre of fresh speculation.
Week closes with mixed bunker prices Key ports see generally 'slack' demand.
US judge orders fact'finding on disputed bunkers Oldendorff and Korea Line ordered to gather information from the other regarding bunkers on board the M/V K Daphne.
BPCL to start bunker supply at Indian port Will start offering IFO 380 cSt in Kandla from April 1.
Japanese refiners yet to resume bunker supplies Japanese refiners increase refining capacity but volumes are going to power sectors, say traders.
Hambantota oil storage facilities to complete in May Development of the port will have an 'impact' on Singapore, says local minister.
2010 losses raise 'uncertainty' over Titan's future But company believes it will benefit from the 'anticipated growth' in storage demand in China.
Mass flowmeters 'best' installed on bunker barges Conditions more 'repeatable' on bunker barges, says Endress+Hauser spokesperson.
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