DP World profit to meet expectations DP World Ltd, the Dubai World-controlled ports operator, forecast full-year gross profit to be 'in line with expectations' after a 10 per cent rise in container volumes last year.
Asia rates for tankers expected to ease this week Rates for dirty tankers on key Asian freight routes are likely to ease this week on weaker- than-expected Chinese demand for Middle East crude, ship brokers said yesterday.
Baltic Dry Index continues fall with 3.3% dip Rates to hire ships that carry dry-bulk commodities closed in on the largest monthly plunge since 2008, when Lehman Brothers Holdings Inc collapsed, as the fleet continued to expand.
Maersk CEO extends leave for two months after surgery
Strait Talk
In for the long haul WHILE shipping is going to need a great deal of resilience to meet the challenges of the next 12 months, for those who can secure funding, there have been few better times to invest.
Shipping Times
Some tips to avoid Tube rush during Olympics Olympic organisers have some travel advice for the millions of people who work and live in London: Be patient. Have a beer. Work from home.
Strike in Belgium fails to disrupt EU summit Belgium was at a standstill on Monday, as transport workers and other public officials went on an anti-austerity strike that nevertheless failed to cause major disruption to 2012's first European Union (EU) summit.
DP World profit to meet expectations DP World Ltd, the Dubai World-controlled ports operator, forecast full-year gross profit to be 'in line with expectations' after a 10 per cent rise in container volumes last year.
Asia rates for tankers expected to ease this week Rates for dirty tankers on key Asian freight routes are likely to ease this week on weaker- than-expected Chinese demand for Middle East crude, ship brokers said yesterday.
Baltic Dry Index continues fall with 3.3% dip Rates to hire ships that carry dry-bulk commodities closed in on the largest monthly plunge since 2008, when Lehman Brothers Holdings Inc collapsed, as the fleet continued to expand.
Maersk CEO extends leave for two months after surgery
Strait Talk
In for the long haul WHILE shipping is going to need a great deal of resilience to meet the challenges of the next 12 months, for those who can secure funding, there have been few better times to invest.
Shipping Times
Some tips to avoid Tube rush during Olympics Olympic organisers have some travel advice for the millions of people who work and live in London: Be patient. Have a beer. Work from home.
Strike in Belgium fails to disrupt EU summit Belgium was at a standstill on Monday, as transport workers and other public officials went on an anti-austerity strike that nevertheless failed to cause major disruption to 2012's first European Union (EU) summit.
DP World profit to meet expectations DP World Ltd, the Dubai World-controlled ports operator, forecast full-year gross profit to be 'in line with expectations' after a 10 per cent rise in container volumes last year.
Asia rates for tankers expected to ease this week Rates for dirty tankers on key Asian freight routes are likely to ease this week on weaker- than-expected Chinese demand for Middle East crude, ship brokers said yesterday.
Baltic Dry Index continues fall with 3.3% dip Rates to hire ships that carry dry-bulk commodities closed in on the largest monthly plunge since 2008, when Lehman Brothers Holdings Inc collapsed, as the fleet continued to expand.
Maersk CEO extends leave for two months after surgery
Strait Talk
In for the long haul WHILE shipping is going to need a great deal of resilience to meet the challenges of the next 12 months, for those who can secure funding, there have been few better times to invest.
Shipping Times
Some tips to avoid Tube rush during Olympics Olympic organisers have some travel advice for the millions of people who work and live in London: Be patient. Have a beer. Work from home.
Strike in Belgium fails to disrupt EU summit Belgium was at a standstill on Monday, as transport workers and other public officials went on an anti-austerity strike that nevertheless failed to cause major disruption to 2012's first European Union (EU) summit.
Malaysia Airlines says "Arrivederci" to Rome Today (31 January), Malaysia Airlines is serving the Italian capital Rome for the last time, after nearly 20 years of operation. The cancellation of the three weekly services on bo...
Norfolk Southern opens extension of Heartland Corridor in USA The US-based rail service provider, Norfolk Southern, has opened a newly improved double-stack rail line between Cincinnati and Columbus OH (USA). This clears the way for more doub...
Truck accidents doubled in Australia Single-vehicle truck accidents involving rollovers or running off the road has more than doubled in Australia, reported to National Transport Insurance (NTI). NTI compared the numb...
Russian ports: mixed bag of results Russia's seaports reported a slowdown in their throughput in 2011. Last year's increase amounted to 1.8%, bringing the total to 535.4 million t of goods. In the preceding two years...
Switzerland supporting intermodal operators Switzerland's Federal Office of Transport (FOT) has paid out CHF 21 million to the railway companies BLS Cargo, SBB Cargo International, Crossrail und TX Logistik. The money stems ...
Extra long freight trains on Paris-Marseille line Euro Cargo Rail (ECR), a subsidiary of DB Schenker, now operates extra long scheduled freight trains in France. The 833 m long trains run at 120 km/h between Paris and Marseille. E...
150 Mercedes-Benz trucks for Turkish fruit wholesaler Daimler's subsidiary Mercedes-Benz Türk has reeled in another major sale. By placing an order for 150 Mercedes-Benz Actros 1844 LS trucks, Turkish fruit and vegetable wholesaler Ce...
Port of Switzerland notes throughput decline in 2011 Port of Switzerland, an inland port service provider, reported an overall throughput of nearly 5.68 million t in 2011, equating to a decrease of 13% compared to the previous year. ...
P&O Ferrymasters wins contract renewal with Tate & Lyle Pan-European logistics specialist P&O Ferrymasters has signed a new three-year contract with longstanding customer Tate & Lyle. The latest deal runs until the end of 2014 a...
Dubai World Central handles 90,000 t of cargo in 2011 Dubai Airports has just announced traffic statistics for Dubai World Central airport. The figures show that the airport handled 89,729 t of airfreight during its first full calenda...
Boeing delivers first B747-8F AirBridgeCargo Airlines The US aerospace giant Boeing and the Russian cargo airline AirBridgeCargo Airlines (ABC), part of Volga-Dnepr Group, celebrated last week's delivery of the first of five new ...
Asco opens new Singapore logistics hub Oil and gas logistics company Asco has expanded its operations in the Asia Pacific region by opening a new oil and gas logistics hub in Singapore. The hub is located in Tuas in the...
Agility Italy receives ISO 14001:2004 and OHSAS 18001:2007 certifications Logistics service provider Agility recently obtain the ISO 14001:2004 and OHSAS 18001:2007 certificates in Italy. They were presented to Agility by Certiquality, a member of the In...
Patrick Zilles to head intermodal activities of DB Schenker Logistics As of 1 February, Patrick Zilles will become head of DB Schenker Logistics' intermodal activities. In this role Zilles will be responsible for linking the different modes of transp...
Costa Concordia likely to prompt round of regulation Historic precedents such as Titanic, Herald of Free Enterprise, Exxon Valdez and Erika suggest the outcry of 'something must be done' will be answered
What changes to expect in wake of Costa Concordia casualty Several areas likely to attract regulatory attention
Stolt Nielsen reports slight rise in net profits Outlook for 2012 remains poor
Deiulemar ship sales netted struggling operator $36m Paragon to seek damages after dumping charter and seeking new employment for supramax
Exclusive: China mega-ship ban leaves VLOC market in limbo Despite country's transport ministry imposing ban on 'mega-sized' ships, AIS data show VLOCs continuing to discharge
A question of morality and cowardice All who go to sea will know the paralysing fear that gripped Costa Concordia's master
Did Costa Crociere have the right command chain in place? Multi command is a dangerous concept
UK shipbuilders are fighting back It does not help to talk the industry down when motivated individuals are trying to get it back up
Fresh Iran sanctions take shape on Capitol Hill Senate banking committee prepares to vote on bipartisan Bill that would hold US firms responsible for Iran-related activities by foreign subsidiaries
NITC chief Souri steps down Head of tanker giant exits as sanctions tighten around Iranian interests
Simon Morse to head up Griffin Former Inchcape Shipping Services boss to expand range of marine crew services
Q&A: Cooper Gay marine reinsurance director John Sullivan reveals his reasons for leaving Aon and argues Costa Concordia could be beneficial for the market
Up to 45% of watchkeepers fall asleep on the job Study reveals that seafarers working six-on, six-off watches fare worst for sleep
North secures government approval for Tokyo branch P&I club office opens after two-year application process
BLT battles debt burden Asset sales may be the only option for struggling tanker owner
Aframax earnings on Caribbean-US Gulf route hit ten-month high Delays due to fog and low water see charterers rush to secure ships
Damco switch as Maersk Line unveils new management team Forwarding arm reports to terminals boss
Changing the guard Iranian shipping firms face intense political pressure
Search for bodies on Costa Concordia called off Divers cite deteriorating conditions
Prices dip for handysize tankers Busy secondhand market for stainless steel tankers in January
Products demand drives crude import growth in South Korea Oil imports are up by 6.3% compared to last year's pre-crisis levels
CSAV receives fifth 8,000 teu boxship Arrival of new vessel is part of move to increase owned ships to 30% of fleet
China bars Vale Beijing puts ports off-limits to Brazil mine giant's biggest ships
Grønborg becomes head of gas division at Maersk Company pledges not to add VLGC capacity
Capital plans steady dividends as products market brightens Partnership moves to eliminate spot exposure for crude tankers
UK rules on armed guards to remain unclear for at least six months Government's pace creates frustration
First Ship Lease warns of exposure in BLT debt freeze mess Singapore shipping trust says that leases to BLT on three chem tankers accounted for 12.8% of revenue in 2011
DP World global volumes grow 10% Terminals group delivers 'exceptionally strong' UAE performance
Seaspan completes purchase of its fleet manager Stock-based transaction will enable containership owner to avoid rise in fees when its current shipmanagement contract expires
Bigger box ships planned for ME route CMA CGM said today it plans to deploy 14,000teu vessels between the Far East and the Middle East for the first time
Breakbulk reefers becalmed OWNERS and operators of conventional reefer vessels are under increasing financial pressure as the slump in spot rates drags on
231 held in smuggling cases GREEK coastguards are today holding 231 people today in people-smuggling attempts detected in the past week
Legal hazards seen in Concordia disaster SURVIVORS of the Costa Concordia disaster have been warned about the potential downside of filing US lawsuits against parent company Carnival Corp
Ship seized over pollution A PRODUCTS tanker is under arrest today at Fos-sur-Mer in France subject to payment of €350,000 ($460,000) bail in a pollution case
Sanctions snarl grain ships off Iranian ports EU SANCTIONS have reportedly resulted in about 400,000 tonnes of grain being held up on at least 10 ships outside Iranian ports
US Navy buys Superferries MARAD has sold the two former Hawaii Superferry vessels to the US Navy for $35M
Capital falls short NASDAQ-listed Capital Product Partners today reported lower profits than expected as result of spot exposure from its Crude Carriers takeover
Deiulemar woes hit Paragon CANTOR Fitzgerald analyst Natasha Boyden today graded down Paragon two notches from 'buy' to 'sell' after the bulker owner confirmed the loss of a key charter to Italy's Deiulemar
Panamax bulkers boosted PANAMAX bulkers are showing recovery signs, as charterers returned from the Lunar New Year holidays
US refinery closures could aid MR sector TANKER consultancy Poten & Partners has told Fairplay that the closure of some US refineries would raise demand for MR tankers for transhipment
NOL's revenues slip again SINGAPORE'S NOL has again reported lower revenues against higher volumes, as overcapacity takes its toll on earnings
Oz iron ore talked up COMMODITY analysts said Australia's iron ore exports should remain strong despite a slowdown in Chinese steel production
FSL Trust plays down potential BLT default SINGAPORE'S FSL Trust Management today said if cash-strapped Berlian Laju Tanker fails to pay the lease for three chemical tankers next month, it could still service the loan for the ships
Cargo quest means Canada, not Brazil BROKERS told Fairplay today the bulker Navios Melodia has deviated from its route to Brazil to pick up iron ore in Canada
House Republicans Unveil Five-Year Transport Plan House Transportation and Infrastructure Chairman John Mica heralded the introduction of a five-year, $260 billion surface transportation plan as the...
Galveston Port Chief Cernak to Head Everglades Terminals Steven Cernak, the CEO and director of the Port of Galveson, will lead the Port of Everglades Cernak will...
Marseilles Container Traffic Slips, Total Cargo Rises Marseilles again fell short of its 1 million container target in 2011 as traffic declined 1 percent from a year...
New Orleans Container Traffic Jumps 11.6 Percent Container throughput last year at the Port of New Orleans rose 11.6 percent to set a cargo record for the...
Dubai Air Freight Slides 1.5 Percent Cargo volume at Dubai International Airport fell 1.5 percent last year, the first year-over-year decline at Dubai since the site...
Mica Sets Plan to Overhaul Transportation Programs House Transportation and Infrastructure Chairman John Mica, R-Fla., was planning to introduce a surface transportation bill Tuesday that would keep...
Japanese Lines' Container Losses Top $500 Million Japanese carriers NYK, MOL and "K" Line's posted combined losses of more than $500 million on container operations in the...
Maersk Line Adds $775 to Asia-Europe Rates Maersk Line is moving to take rate increases on Asia-Europe lanes to a higher level, announcing a $775 increase in...
Container Traffic at South Korea's Busan Rose 14 Percent Container throughput at the South Korea's Busan port in 2011 rose 14 percent year-over-year, and the North Asian transhipment hub...
UPS Reports Record Profit, Raises Outlook UPS reported a record $1.22 billion net profit in the fourth quarter that was 9.3 percent better than the same...
A.P. Moller-Maersk Taps Jakobsen to Lead African Expansion A.P. Moller-Maersk named Maersk Line executive Lars Reno Jakobsen as senior vice president in charge of heading up the group's...
ANA Profit Falls 10 Percent on Revenue Gain All Nippon Airways' net profit fell 10 percent in first nine months of fiscal 2011, which ended June 30, despite...
Three Carriers Begin Joint Asia-Middle East Service Three carriers, CMA CGM, China Shipping Container Lines and United Arab Shipping, will replace two of their existing services between...
CMA CGM Raises Rates From India to Africa CMA CGM will raise rates on cargo moving on its services from India to ports in East and West Africa....
Costamare Plans to Sell Up to $300 Million in US Stocks Costamare filed a shelf registration statement with U.S. market regulators to enable the Greek containership charter owner to sell up...
Alphaliner Says Gains From Slow-Steaming Exhausted Ocean carriers have reached the limit of slowing the speed of their ships to soak up surplus capacity and must...
DP World Boosts Container Traffic 10 Percent DP World, the world's third largest container terminal operator, boosted traffic by 10 percent in 2011 from a year ago...
Why ocean carrier service providers need to be prepared to sharpen their pencils The MSC CMA CGM alliance, the alliance of the Grand and the New World alliances, and the CKYH and Evergreen co-operation; the rush by ocean carriers to join forces ...
Wilhelmshaven takes further shape The first four gantry cranes for Eurogate Container Terminal in Wilhelmshaven have been shipped from Shanghai, in time for the opening of its first phase in August ...
Japan: 'losing its competitiveness' A strong 'safe haven' currency and the aftermath of the March, devastating earthquake and tsunami, dented Japan's productivity in 2011, with the world's ...
Freight rates still finely balanced All-in freight rate levels out of Asia remained finely balanced despite the surge of traffic before the Chinese New Year being over. According to the World Container ...
WTO rap for China China has lost its appeal against the World Trade Organisation's [WTO] ruling that it broke trade rules in restricting the export of certain raw materials allegedly ...
CI's 14th Annual Global Liner Conference takes shape
APM T scoops Chennai award APM Terminals India's Chennai CFS has walked off with the Container Freight Station of the Year award from the Maritime Gateways Awards ceremony held ...
Saudi Arabia and Iraq to shine
US public 'fears global trade' Speaking at a session of the Davos-hosted World Economic Forum [WEF], which ended on Sunday, US trade representative, Ron Kirk, told delegates that the American ...
NOL's final monthly operational update It appears that Singapore-headquartered Neptune Orient Lines is to discontinue its monthly APL volume and revenue information report - it has become something of ...
Black carbon emissions linked to fuel quality IMO sub-committee hears findings from review paper summarising available studies.
Bunkering operations result in fuel spill in Savannah US Coast Guard are working with Moran Environmental on response efforts.
Middle East IFO prices lack direction Prices largely stable.
European markets see little price movement Good volume of enquiries in Piraeus.
Asia's fuel oil market could see demand soften But Singapore bunker premium still high.
Another Japanese shipping giant warns of widening losses 'Western-led sanctions on Iran will lead to higher bunker prices,' warns NYK.
Wartsila completes acquisition of Hamworthy Takeover will 'enhance Wartsila's capabilities in the offshore, marine gas applications, and environmental solutions markets.'
Fuel efficient box ship for CSAV Electronic fuel-injection system will reduce bunker consumption and improve combustion efficiency.
MOL expects wider full year loss on higher bunker costs Bunker prices averaged about 38% higher for the first nine months of its fiscal year, it noted.
Bunker prices lack direction in Asia Demand mixed across key Asian bunker ports on Tuesday, traders say.
Bunker shortage persists in South Korea's western ports Brisk demand from local power plants, traders say.
BIMCO to develop new 'idle' clause In efforts to address increasing disputes relating to over-consumption of bunkers caused by a vessel's fouled bottom.
Court approves Petroplus's insolvency Its other Swiss subsidiaries have also filed for composition proceedings.
Development of Colombo south terminal in question Sri Lankan logistics firm Aitken Spence exits from joint venture.
Indonesian oil trader moves office New address takes effect from January 26, says BAPP.
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