Low freight rates are 'unsustainable': Maersk THE low freight rates that the container shipping industry has been seeing of late are 'unsustainable', Eivind Kolding, Maersk Line's CEO, told BT yesterday during his visit to Singapore.
Brazil's govt, firms to invest US$18b in ports Brazil's government and companies will invest US$18 billion in ports by 2013 to boost cargo-handling capacity as demand surges for the country's iron ore, agriculture and oil shipments, Secretary of Ports Mario Lima said.
S Korea unveils cost-cutting mobile harbour South Korean researchers yesterday showcased an invention which they claim could transform the shipping industry - a harbour which goes out to a ship.
SDV and Eurocopter Deutschland want to reduce CO2 emissions Eurocopter Deutschland GmbH and SDV have signed the Save Program charter at the Paris Air Show. This confirms their joint commitment to the voluntary reduction of CO2 emissions lin...
Two biggest Spanish airports to be privatised The Spanish Government has selected the Royal Bank of Scotland (RBS) to coordinate the privatisation of the country's airports, Madrid's Barajas and Barcelona's El Prat airports, t...
DSV Air & Sea supplies General Motors with vendor parts The logistics provider DSV Air & Sea delivers vendor parts from Europe, North Africa and the Middle East for the manufacturing base and spare part centres of General Motors (GM...
USA invests USD 16 million for California's rail network U.S. Transportation Secretary, Ray LaHood, announced the state will give USD 16 million grant to California's rail network. The money will pay for the design of a Positive Train Co...
UCL Holding unites railway assets under UCL Rail brand Within the implementation of development program of the group UCL Holding subsidiary subholding company UCL Rail BV, established in Netherlands for consolidation of railway assets ...
Siemens to supply turnkey equipment for tunnel project in Turkey Siemens is to equip the Dorukhan Tunnel between Mengen and Devrek in Turkey with the latest power, lighting and ventilation equipment, along with the associated safety and communic...
Akiem adds lease fleet Electro-Motive Diesel announced that it had delivered seven Class 77 locomotives to Akiem. The SNCF Geodis subsidiary will lease them to local operator Voies Ferrées Locales et Ind...
China invests in its transport infrastructure China plans to upgrade its transport infrastructure by 2015. According to a report of Xinhua, China will construct 108,000 kilometres of highway and, by the end of 2015, the countr...
Truck part retailer Europart sold to Triton The Europart Group is going to be sold to the private equity company Triton states the company. It was agreed to keep the purchase price confidential. As a retailer for spare parts...
DHL provides CO2-neutral transport for all private customer parcels DHL Parcel will start offering CO2-neutral delivery for all private customer parcel items in Germany as of July 1 - at no extra charge. For every parcel item delivered within Germa...
First vessels in the world with operational OceanSaver System The "Höegh Trove" of Höegh Autoliners is the first vessel in the world to have an Oceansaver Ballast Water Treatment (BWT) system installed. The system has been tested onboard two ...
Düsseldorf signs with Run Air RFS network DUS Cargo Logistics - a 100% subsidiary of Düsseldorf International Airport - signed a contract on 17 June making it the exclusive air cargo partner of Run Air Network, the new ind...
Dnata introduces reorientation of the brand in Switzerland Dnata, one of the world's biggest air transport service providers, introduced the company's new philosophy and the new logo on Monday in Zurich. The occasion is part of the new wor...
Richard Margadant new managing director for Ratioform in Switzerland The Ratioform Group has appointed a new managing director for its Swiss location in Dällikon (Zurich). With immediate effect Richard Margadant is responsible for the business of th...
"Nautilus International" calls for a media conference in Basle As of 1 July a new trade union is going to start in Switzerland: Nautilus International - the international union for sailors and boatmen on inland waters. For this occasion Nautil...
Global Ports makes strong London debut Russian ports operator's global depositary receipts opens 15% above offer price of $15.00
German owners eye further growth PwC survey reveals fleet expansion plans for many, while others face consolidation
Maersk confirms it will pull out of Iran due to US sanctions Risk to carrier's other business if it continued operating feeder services at outlawed ports
Kirby's $600m takeover of K-Sea makes progress Deal would unite two giants in US coastal and inland tank barge business
EU calls for urgent climate change action Europe encourages industry to think global but prepare for regional action, as IMO prepares for MEPC meeting
People's port hits out at Dover sale tactics Rival bidder joins criticism of Dover Harbour Board's plan to privatise port
Eon secures six-year deal for MPI Offshore vessel Contract for jack-up ship under construction will help save costs in offshore wind power
Keppel wins $113m Brazil deals Indicates more to come as it seals contracts for six tugs and one platform supply vessel
Stena Line ferry service purchases cleared by regulator Sale by DFDS 'will not lessen competition' on Irish Sea routes
Japanese yards' export deals fall by half Japan's shipbuilders secure 18 export orders totalling 551,270 gt, compared with 912,142 gt recorded for 22 deals in the previous month
Safmarine commits to a revised cadet training programme Scheme is changed following recent death
Box derivatives will not counteract rate volatility Eivind Kolding believes longer contracts are a better solution for shippers concerned with rate volatility
Asia's confidence dip Owners' fortunes are linked to a global industry and hardly immune from the shocks
PSA tipped to win bid for JNPT's fourth container terminal Singapore-based operator reportedly offered highest revenue sharing scheme
Mitsui OSK beefs up tonnage on core trade route To replace nine 4,250 teu ships with 10 new 5,600 teu ones on Asia-East Coast South America service
Front runner Shanghai Shipping Exchange's launch of the world's first electronic trading platform for box derivatives shows China once again leading the way in defining the future of shipping
German marine component makers struggle on As sales for 2010 fall 6% to €11.1bn, rising orders prompt hopes of moderate growth ahead
European deepsea box volumes 'depressed' by economic troubles Latest monthly Global Tracker report shows continuing weakness for its key six ports
Globus raises $22m from downsized equity offering 'New class of investors' tapped as markets remain skeptical of fresh shipping issues
Hanjin Shipping boosts intra-Asia offering Carrier to swap slots with Emirates Shipping as it moves to expand presence on Asia routes
Nokta jumps ship OMAR Nokta, the highly respected shipping analyst at Dahlman Rose, has resigned, a company spokesman confirmed to Fairplay today
Greek vote points to port sales GREECE's parliament today narrowly approved austerity measures and state asset sales, which include the part-privatisation of major ports
VLCC gloom returns VLCC RATE gloom is rising again, with the number of tankers open for fixing in the Persian Gulf increasing
New US scheme focuses on port trucks CONTAINER-handling trucks are the focus of a fresh green initiative at US ports, according to the EPA
UK approves two Stena service acquisitions STENA Line said today the UK's Competition Commission has approved its acquisition of two Irish Sea services from DFDS
Shortsea cargo edge seen EUROPE'S shortsea box carriers today reported good progress in luring cargo off trucks
IMO emission exemptions reportedly backed CHINA, Saudi Arabia and South Africa are reportedly backing the exclusion of developing nations from rules aimed at cutting carbon emitted by ships
Green design index urged THE EC HAS turned up heat on the IMO to back green ship designs
TORM massages credit DS TORM, the listed Danish product tanker company, has agreed with four banks to amend a $900M revolving credit facility
Green breaking grows SHIPPING groups are increasingly thinking green at breaking beaches despite higher costs, the World Ship Registry Conference heard today
AET to convert newbuildings MALAYSIAN Tanker operator AET said it plans to convert two Aframax newbuildings to service a long-term charter contract with US-based Marine Well Containment
Beware tax shock TAX-SHOCK in Singapore is growing because shipping groups tend to overlook simple withholding practices, a tax adviser warned today
With key vote today, Greek ports shut MAJOR Greek ports remain shut today as dockworkers continued to join the general strike against the government's financial blueprint, to focus of a crucial vote later today
Opportunity wrapped in boxes RISING box congestion at existing Indian ports means opportunities for new terminals, Krishnapatnam port's managing director Chinta Sasidhar has told Fairplay
Globus follow-on chopped GLOBUS Maritime has priced its first follow-on offering since relisting on NASDAQ - but the sale ended up being half the size first expected
NY-NJ Reports Strongest Volume of 2011 The Port Authority of New York and New Jersey saw its busiest shipping month in nearly a year in May as...
DOT Lends Amtrak $562.9 Million for Locomotives The Amtrak passenger system is borrowing $562.9 million, in what is the largest-ever credit issued by a federal rail loan...
Business Praises Progress on Trade Agreements Business groups rushed to praise new efforts to approve long-stalled free trade agreements with South Korea, Colombia and Panama, and...
FMCSA Courts Mexican Carriers for Pilot Program Opponents of a new cross-border trucking program with Mexico fear it will draw thousands of Mexican truckers into the U.S.,...
Asia Air Freight Falls 9.8 Percent Cargo traffic carried by Asia-Pacific airlines fell at the steepest rate in nearly two years in May, sliding 9.8 percent...
Supply Chain Management at Macy's Jeff Pilof, group vice president, transportation, at Macy's, explains how the retailer is tightening its supply chain. Pilot was interviewed...
NAFTA Surface Trade Climbs 12.1 Percent The value of surface transportation trade between the U.S. and its North American Free Trade Agreement partners Canada and Mexico...
Connor Named WWL Chief Commercial Officer Christopher J. Connor has been named chief commercial officer for the global organization of Wallenius Wilhelmsen Logistics, and Raymond F....
Campbell Soup Retools Supply Chain, Cuts Jobs Food products shipper Campbell Soup is making a series of supply chain moves in the U.S., Australia and Russia to...
PSA International Top Bidder for Port Nehru Project Global port-terminal operator PSA International is poised to win the contract to build and operate the fourth container terminal at...
Truckload Rates Jump 5-15 Percent, Survey Says Shippers are paying more to move truckload freight as both large and small trucking companies hike rates, according to a...
Marad, Customs to Expedite Jones Act Waivers The Maritime Administration and Customs and Border Protection are offering 48-hour expedited processing of Jones Act waivers for parties that...
Shipping Survey Finds Confidence at Two-Year Low Overall confidence levels in the ocean shipping industry dropped for the fourth successive quarter in the three months ended May,...
SSE Launches Container Futures Contracts The Shanghai Shipping Exchange launched China's first forward freight container contract, allowing local exporters and shipping companies to manage growing...
NOL Opens Qingdao Box Terminal Neptune Orient Lines opened its new terminal at the Port of Qingdao on Wednesday with the arrival of the APL...
Hanjin, Emirates Swap Slots on China-India Loops Hanjin Shipping and Emirates Shipping plan to swap slots on two of their intra-Asian services in July. Hanjin will...
Japan Hails Sekimizu's Election at IMO The Japanese government is hailing the election of Koji Sekimizu, a former Japanese transport ministry official, as the next chief...
Ocean Carriers Line Up New Inland Services Ocean carriers are offering a menu of new services to improve the supply chain efficiency and reduce the cost of...
YRC Worldwide Stock Takes Roller-Coaster Ride YRC Worldwide's stock took a wild ride on Wall Street this week, almost tripling in value on Monday on sudden...
Horizon Lines Settles With Home Depot Horizon Lines struck a settlement with home improvement retailer Home Depot that will release Horizon from antitrust claims for price-fixing in...
Yinson closes in on FSO debut Malaysian shipowner on the brink of beefing up fleet with floating storage unit upon completion of $330m deal.
Teekay leads assault on wind arena New York-listed tanker owner races to corner windfarm installation market with new vessel design venture.
Hanjin hatches smartphone 'app' If you want to track a container or take a peek at a bill of lading, Hanjin has an app for that.
Storage making a comeback? Gunvor, Glencore and Statoil fix tankers in the US Gulf as crude futures prices rise.
Hurtigruten left hurting by decision Oslo-listed ferry and cruiseship operator stunned by order to repay the government for "overcompensation".
Port inspectors nail Noah's Ark US Coast Guard floods Panamanian ro-ro operator with citations after failing inspection in Miami.
Keppel Corp bets on Brazilian boom Asian yard giant lands $113m worth of Brazilian newbuilding deals while Rio wing pens PSV in anticipation of offshore appetite.
Maersk dismisses derivatives Eivind Kolding says liner giant has no need for derivatives and claims he has never met anybody who uses them.
USC eyes Vyborg Shipyard Russian shipbuilding holding company considers taking over loss-making Baltic operation.
Stolberg still out in the cold German court rules former Beluga chief's assets will remain frozen as financial probe continues.
Western winning again Lithuanian shipyard says profit expected to rise sharply this year as revenue improves.
Veolia lines up ferry bid French group teaming up with Transfield to manage Sydney Ferries in Australia.
Kolding calms capacity fears Maersk Line chief Eivind Kolding dismisses mounting concerns of capacity crunch amid flood of giant newbuilding contracts.
Merger pays off at NCSP Russia's Novorossiysk port sees first quarter profit soar 74% after tie-up with Primorsk.
Yard scoops 25-ship order Russia's Krasnoyarsk clinches big series of newbuildings for domestic owner Yenisei.
Blaze extinguished on cargoship Firefighters bring fire on Carisbrooke multipurpose under control at Luanda in Angola.
London Mining secures ships UK mining company brings in Lamnalco and Seabulk to supply barges and transhipment vessel for Sierra Leone exports.
Don't get an itchy trigger finger Poten & Partners warns tanker owners not to be too cavalier as 2010 suezmax order run added two years to market recovery.
Kiwi ferry masters missing Separate illnesses to captains means cancellations for New Zealand's Kaitaki.
Crew threaten to leave ship Dispute over pay hits Global Wood woodchip carrier stuck at Northport in Malaysia for two months.
Six figure joy for LNG owners One-year charter rates of LNG carriers tipped to top $100,000 daily for the first time in almost a decade.
Mirach crew in the clear Remaining seven crew members from a sunken bulker released by Indian authorities.
Hanjin strike comes to an end Seoul-listed shipbuilder says workers will return to work after six-month labour dispute is resolved.
Algoma plans to hit notes Canadian bulker and tanker owner to sell long-term debt as part of refinancing deal with banks.
Golar buyout nears an end John Fredriksen's Golar LNG set to complete takeover of spin-off in next few days after calling in remaining shares.
More cheer for Horizon Lines New York-listed owner ends anti-trust brush with Home Depot.
U.S. Senate moves toward FTA approvals The Senate Finance Committee said it will hold a "mock" markup of the draft implementing bills for U.S. free trade agreements with South Korea, Colombia and Panama on Thursday. Industry groups applauded the Senate committee's announcement. "This i...
2011 National Export Strategy report released 2011 National Export Strategyreport released2011 National Export Strategyreport released The White House, on behalf of the Trade Promotion Coordinating Committee (TPCC), Tuesday released to Congress the2011 National Export Strategy: Powering the Nati...
COSTHA opposes DOT's special permit modification The Council on Safe Transportation of Hazardous Articles has filed a petition opposing the U.S. Transportation Department's Special Permit 9275 modification that will require two package markings, namely "company name" and "Contains Ethyl Alcohol,...
EPA extends SmartWay program to drayage The U.S. Environmental Protection Agency, the Coalition for Responsible Transportation and the Environmental Defense Fund said Tuesday they are starting an initiative aimed at reducing pollution from thousands of drayage trucks that service the na...
FIATA sorts out air freight payment issue The International Federation of Freight Forwarders Associations said Tuesday it has been successful in alleviating a payment burden on forwarders tied to a standard air freight standard cash settlement system. FIATA had argued that forwarders were...
Horizon Lines in deal with Home Depot Horizon Lines said it has entered into a deal last week in which Home Depot USA Inc. released the carrier, its affiliates and certain other persons from alleged antitrust claims asserted by the retailer. Horizon will continue to provide ocean trans...
Hanjin, Emirates exchange China/India slots Hanjin Shipping and Emirates Shipping Line have cemented a slot exchange agreement on the China/India/Middle East trade, the South Korean container line said Wednesday. Beginning in July Hanjin will take 500 TEUs per sailing on Emirates' Hyper Gale...
Maersk amends Asia/West Africa service Maersk Line has changed the coverage area of one of its loop linking Asia and Africa, according to American Shipper affiliate ComPair Data. A number of calls on the carrier's FEW3 service have been dropped as its rotation was shortened to only conn...
MOL expands, adds partners on Asia/ECSA Liner carrier MOL has begun rotating in larger vessels on a service connecting Asia, South Africa and the East Coast of South America, the line said Wednesday. MOL also said it will charter space on the service, the CSW, to a consortium of lines -...
Maersk Line raises cross-hemisphere rates Maersk Line said this week it is raising rates on shipments from Europe, the Middle East and Indian Subcontinent to the West Coast of South America, Central America and the Caribbean. The increase, $150 per 20-foot container and $300 per 40-foot c...
European bunker markets firm 'Horror stories' of four to five waiting days at Rotterdam loading facilities.
Crew 'to abandon' vessel held for bunker loan default Woodchip carrier has been in Port Klang since April.
Rising bunker prices hit industry confidence Moore Stephens says confidence levels at two-year low.
Falling prices leave suppliers 'reluctant to sell' 'Current prices are well below the cost of the oil they have in-tank,' says Singapore-based trader.
Asian bunker prices rise mid-week Enquiries mixed at Asian hubs, traders say.
Call to improve shipping efficiency The virtual arrival scheme allows vessels to adapt their speed if there is a known delay at the port.
Sri Lankan officials 'unaware' of mega refinery project Ministry 'completely in the dark' about refinery plans.
UK emulsion fuel 'moving rapidly' towards commercial testing Sea-based trial of Marine MSAR' to start in second half of 2011, says Quadrise Fuels International.
French companies sign five-year marine services deal CGGVeritas in charter deal with six new support vessels from Bourbon for range of marine services.
CPC buys LSFO parcels at strong premiums Amid lower inflows from the West to East Asian market.
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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