Golden Ocean seeks buying opportunities Investors have hammered it, a big customer has stopped paying and competitors are crowding the sea lanes, but Norwegian dry-bulk shipper Golden Ocean is still on the prowl for even-weaker prey, its chief executive said on Friday.
Mitsui, other Asian lines surge as capacity cuts boost rate hopes Mitsui OSK Lines Ltd, Japan's largest shipping line by market value, surged the most in a month in Tokyo trading on speculation container lines' capacity cuts may revive rates.
China ports not ready for mega ships Chinese ports are not yet ready to receive Vale's mega iron ore carriers due to a few 'small issues' in handling the world's largest dry bulk vessels, an official with the National Development and Reform Commission (NDRC) said yesterday.
EBRD financing roads in Sarajevo The European Bank for Reconstruction and Development (EBRD) is lending Bosnia and Herzegovina EUR 16.5 million to widen two roads and relieve congestion and reduce emissions and no...
Lorry crossings into Denmark continue to grow International lorry traffic continues to enter Denmark, as has become clear from the Q3 border statistics collected by the trade association International Transport Danmark (ITD). ...
Modalohr wagon authorised for Channel Tunnel The Modalohr wagon has been authorised for use in the Channel Tunnel according to intermodal transport leader Eurotunnel, which transports 1.2 million trucks annually. Modalohr wag...
Christian Schleifer new president of Icao technical commission The Icao council unanimously appointed Austrian national Christian Schleifer to a one-year term as president of its Air Navigation Commission (ANC), the International Civil Aviatio...
Swissport investing in Liege airport Swissport International, one of the world's leading providers of ground services to the aviation sector, has signed an agreement enabling it to develop its activities at Liege airp...
FAA to fine Evergreen International Airlines The Federal Aviation Administration (FAA) is proposing a civil penalty of USD 180,000 against Evergreen International Airlines, of McMinnville OR, for allegedly operating aircraft ...
Zeeland Seaports biggest dedicated Dutch reefer port Vlissingen calls itself the largest dedicated reefer port in the Netherlands for the import and export of potatoes, vegetables and fruit. This is the result of a contract between N...
Work starts on second Antwerp lock The Flemish minister for mobility and public works, Hilde Crevits, European Investment Bank president Philippe Maystadt and Marc Van Peel, the chairman of the Antwerp port authorit...
Significant increase in railfreight traffic costs Stricter safety, interoperability and noise reduction regulations for freight wagons introduced in recent years are associated with cost hikes for railfreight traffic as high as 13...
Yusen Logistics opens new branch in England The logistics service provider Yusen Logistics (UK) recently opened a new office in Stourton, near Leeds (UK). The workforce moved from the firm's Castleford branch to Leeds in Nov...
Wako and Kamino merge and emerge as Tigers The Wako Logistics Group (WLG) recently announced that it will merge with the Kamino Logistics Group with effect from 15 November, to form a new forwarding and logistics group call...
K+N manages Indian operations for Bonfiglioli Bonfiglioli has selected Kuehne + Nagel to manage warehousing operations at a new assembly plant in Chennai (India). The Bonfiglioli Group, based in Bologna (Italy), is a world lea...
Air Malta resumes Tripoli links Air Malta has returned to Libya, resuming a thrice-weekly service to Tripoli.
Grimsby River Terminal plans £25m upgrade Port to handle larger VW Group car carriers
VLGC owners eager to take cargoes as volumes dwindle Cost of shipping liquefied petroleum gas falls as nervous owners accept lower rates
One in 10 frontline jobs axed at UK rescue centres Announcement comes as six die in general cargoship tragedy in Irish Sea
Interferry says low-sulphur toolbox is empty Europe must offer more realistic solutions to avoid a modal backshift
Private equity player buys Scottish oil and logistics group Asco Deal gives Doughty Hanson a foothold in fast-growing outsourced logistics market
Vafias seeks to pierce HNA corporate veil as Grand China dispute escalates Rule B attachment order in Arizona leaves Norton Lilly in crosshairs
Greece poised to authorise armed guards Proposed counter-piracy initiative to supply up to six private armed guards per vessel
Thanksgiving weekend makes for slow secondhand trade Prices relatively stable in most sectors
Japan, India and US will discuss maritime security Obama sees Asia-Pacific as a priority
LPG exporters face shortage of buyers Urgent investments required to absorb rising production of liquefied petroleum
Hartmann calls in outstanding capital to finance anchor handler fleet
All eyes are now on aviation In a little over a month aviation will be part of the European emissions trading scheme. Shipping could follow its lead
Early winners measure up against competitors The ability to measure carbon emissions early is key to getting ahead in an ETS
Could blue berets beat piracy? A United Nations contingent would add an additional layer to existing maritime security architecture in piracy prone waters
UN has failed to take tough stance on piracy Action, not talk, is needed to defend piracy scourge
New setback for Bangladesh shipbreakers' return Deadlock in Chittagong dampens hopes for market improvement
Line of sight Mandatory reading on Ecdis and E-Navigation for IMO delegates
SeaFrance 'back in service in two weeks', lawyer claims DFDS to put on additional vessel to minimise disruption
STX Pan Ocean sells off more handysize tonnage South Korean shipowner in the midst of fleet rejuvenation
IMO elects new 40 member council Nigeria and Saudi Arabia lose seats to Liberia and Morocco
Inconsistencies revealed in box shipping CO2 calculators Stricter methodology urged as manufacturers apply pressure to measure logistics chain emissions
Call for standardised environmental rating tools There is increased pressure for an umbrella organisation to emerge to co-ordinate current efforts
Bit Viking completes first month as world's first gas-powered oil tanker Charter to Norway's Statoil has seen historic LNG conversion running up and down the Norwegian coast
Early adopters of SEEMP see benefits Owners are seeing a drive from charterers to have the ship energy efficiency management plan, as well as seeing the economic benefits of having a tool that acts as a fuel efficiency plan
STX Europe sees profits improve Yard points to improved newbuilding ordering from the cruise and ferry and offshore markets
CSAV denies container business sell off Move to restructure services includes looking for a strategic container business partner
Taking a foot off the gas Despite the recent flurry of orders, LNG shipping remains a niche for specialists
EU Ten-T top 10 fails to showcase shortsea shipping projects Motorways of the seas received 0.7% of funds
Sepia policyholders have two weeks to find new P&I cover South of England club is wound up
Panamax hopes dashed CHARTER rates for Panamax box ships remain "in the doldrums" due to an overhang of prompt vessels, brokers said today
Wide spill liability upheld BUNKER purchases using third parties do not alleviate spill responsibility for bunker services or vessel owners, a US court has affirmed
Asia/Europe box fall seen RATES for box ships on Asia/Europe routes are approaching lows of the 2009 recession, brokers said today
CSAV rebuts sale talk CHILEAN liner CSAV is insisting it seeks a strategic partner for its box business, not a wholesale buyer
China recyclers gain on South Asian rivals CHINESE breakers raised their prices last week, narrowing the gap with their South Asian rivals by about $70 per ldt
Thai buyer seen for bulkers THAILAND'S Precious Shipping is said to be negotiating the purchase of two STX Pan Ocean Handysize bulkers placed on the market last month
Rieber credit facility extended for 2 years CG RIEBER Shipping of Norway said today Swedish commercial bank Handelsbanken has agreed to extend its 250M kroner ($42.7M) credit facility
FreeSeas unveils debt plan NASDAQ-listed drybulk operator FreeSeas has conceded that more vessel sales could be required to meet pending debt obligations
CMA CGM crew rescues 11 CMA CGM said today one of its box ship crews has rescued 11 mariners whose vessel began sinking off southern India
China targets doubled sales of BBF by 2015 CHINA was reported today to plan a doubling of sales of tax-free ship fuel by 2015
Hartmann turns heat up in AHTS dispute GERMAN shipowner Hartmann has toughened its stance on US investor III to I Maritime Partners Cayman in a payments dispute
SeaFrance deal reported UNDER an agreement to be signed later today, the Dover/Calais ferry operator SeaFrance is unlikely to resume sailings until at least 12 December
Migrants sought in sinking SEARCHERS are looking today for up to 20 migrants missing since a fatal sinking off Italy
Gazprom gains edge in Belarus gas deal GAZPROM has agreed to a gas deal that results in a 45% discount for Belarus - and gives the Russian group a price edge over the LNG carrier sector
Vessel count kills off VLCC rate spike THE RISE in vessels available for loading in the Persian Gulf and slow pace of fixing them has ended a recent jump in VLCC spot rates, analysts said today
Diesel Prices Fall 4.6 Cents, Dip Below $4 Mark Diesel prices across the United States dropped 4.6 cents in the week ending Nov. 28, dipping below the $4 a...
West Coast Ports Prepare for Occupy Shutdown Attempt West Coast ports are meeting with law enforcement agencies in their regions to ensure that demonstrations planned for Dec. 12...
DOT Reimburses States $215 Million for Disaster Repair Thirty-four states and three territories will receive $215 million in federal reimbursement for repairs to roads and bridges damaged by...
India Receives Largest-Ever Container Ship The largest container ship ever to call Indian shores arrived last week at the Port of Mundra, a deepwater cargo...
International Air Freight Tumbles 4.8 Percent International air freight traffic fell 4.8 percent in October from a year ago, the seventh consecutive monthly decline, as shippers...
Aramex Expands in China through Joint Venture Aramex is expanding its presence in China by creating a joint venture with Sinotrans Air Transportation Development Co., as the...
Japanese LNG Terminal Opens after Disasters The only Japanese liquefied natural gas import terminal impacted by the March earthquake and tsunami is set to reopen on...
Maersk withdraws Icon service Maersk Line intends to merge its Icon service between northern Europe and the Middle East/Sri Lanka/India with other services in February. The Icon service deploys ...
Zim Line still seeing red Zim Line remained in serious financial difficulty in Q3 11, losing another USD66 million on the bottom line, on top of the USD68 million lost in Q2 11 and the USD104 ...
COP-17: Zuma urges action Opening the United Nations' Framework Convention on Climate Change [UNFCCC] 17th Conference of Parties [COP - 17] in Durban, South Africa today, President Jacob ...
Transpac rates slide - but Black Friday offers some hope Freight rates on the transpacific are continuing their downwards march - and market consensus is that the Transpacific Stabilisation Agreement (TSA) won't be able ...
CSAV sinks further into the red [correction] CSAV continued its downward financial spiral in Q3 11, recording a net loss of USD340.326 million, compared to a net loss of USD332.778 million in the ...
Thai factory output sinks in floods Thailand's factory output slumped by almost 36% in October - the consequence of the country's worst floods for 50-years, which left more than 600 people dead and ...
Irish box trade down 5% The Republic of Ireland's trade continued to decline in the third quarter of the year according to the latest figures compiled by the Irish Maritime Development ...
Liners take up the Dragon challenge With 2011 having proved a financial disaster for container liner operators - spiked by chronic over capacity and economic debt-induced downturns - ocean carriers ...
Black Friday comes good for US retailers According to a US National Retail Federation (NRF) survey, released on Sunday, the 2011 so-called Black Friday weekend saw a footfall of 226 million shoppers - ...
Maersk's $150 million IT deal with HP, outsources staff
Maersk to suspend India-Europe loop Maersk Line said it will suspend its ICON service between the Indian Subcontinent and Europe from early February, and will link the region to Europe via Colombo calls by the AE7 and AE1, two of its existing Asia-Europe "daily" loops.
Fujairah opens week with gains Bunker prices fall in South Africa on Monday.
Piraeus busy as port bucks firming market trend European markets generally firming in line with strong crude.
Pakistan supplier to expand its barge fleet Ocean Bunkers says it is in the process of adding two barges.
Interferry: 2015 sulphur limit is 'mission impossible' European Commission's proposed 'toolbox' to assist operators 'is completely empty' says Roos.
Scrubber retrofits suitable for around 40% of ferries Scrubber feasibility study conducted among six Interferry members operating in north European ECAs.
Scrubbing works but 'no miracle cure' Shipping CEO confirms effectiveness of scrubber but warns it will not be suitable for all ships to meet 2015 ECA sulphur limit.
Carnival reports progress on ECA compliance tool Emissions calculator for equivalence methodology based on sulphur averaging shows 'encouraging results' for cruise line itineraries.
UK Green leader voices support for tax on bunker fuels Funds can 'help poorer countries mitigate the effects of climate change', says Caroline Lucas.
Week starts with bunker prices rising across Asian ports Demand mixed at key Asian bunkering hubs on Monday.
High bunker prices lift Zim's operating expenses Posts net losses for the third quarter of 2011.
BC Ferries's fuel surcharge questioned Plans to increase fuel surcharge could be 'illegal', says a Canadian politician.
Sinopec expanding operations in Shandong province Set to take delivery of 2,000 mt of bonded MGO and enlist 'several' barges at two ports.
Brightoil appoints new executive director Per Wistoft Kristiansen has agreed to an intial term of three years, it says.
Bankrupt tanker firm repays outstanding debt to bunker company Fratelli Cosulich to receive total of $1.53 million from Genmar.
New sulphur cap 'not tough' for Singapore Around 90% of oil majors in Singapore 'already able to provide' 3.50% sulphur IFOs.
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