Record high fuel prices add to shipping woes Record prices for ship fuel are compounding losses at freight companies already suffering from the worst January on record for transport rates.
Vale can serve China customers from M'sia base Brazil's Vale SA, the world's second-largest mining company, could serve Chinese customers from an iron-ore supply base under construction in Malaysia, bypassing China's port ban on the company's super freighter, a company source told Reuters.
Chinese shipping stocks rally in HK on hopes of freight rate rise Shares of Hong Kong-listed Chinese shipping companies rallied along with Asian rivals yesterday amid hopes they will be able to increase freight rates and expectations that Beijing's move to ban a new class of giant freight carriers from the country's ports could benefit Chinese ship operators.
Gulf Air to end Geneva service A month from today (1 March 2012), Gulf Air is cancelling its thrice-weekly Manama-Geneva (Switzerland) service. Bahrain's flag carrier resumed this service at the start of Summer ...
Network Rail in UK Creates new train operator alliances Network Rail (UK) has plans to form alliances with at least half a dozen train operators as it looks to work more closely with such entities. Alliance framework agreements have so ...
Charging heavy goods vehicles in UK The UK Department for Transport has launched a consultation on a proposed road user charging scheme for heavy goods vehicles (HGVs) of 12 t and over. The proposal's primary objecti...
Port of Vancouver celebrating 100th anniversary in 2012 The Port of Vancouver (Canada) has launched a new website called "A Century of Possibilities" in addition to it existing one. The move is to celebrate the port's 100th an...
Liebherr: mobile harbour crane department successful in 2011 2011 was a very successful year for Liebherr's mobile harbour crane department. It delivered a total of 49 mobile harbour cranes in a four-rope configuration for dedicated bulk han...
Budapest Airport reports record cargo volumes Budapest airport achieved a record cargo throughput in 2011, handling more than 100,000 t for the first time. Flown air cargo volumes grew by 6.4% to almost 70,000 t, while trucked...
Singapore-based RichLand-LSP appoints new managing director The chemical logistics solutions provider RichLand-LSP has appointed Graham Wall as managing director as it looks to expand its bulk liquid chemical transport operations throughout...
Emirates extends Southern African network Emirates SkyCargo, the freight division of Dubai (UAE)-based Emirates, one of the fastest growing international airlines, has bolstered its operations on the booming Africa trade r...
Hupac: some 725,000 road shipments diverted to the railway The Swiss intermodal service provider Hupac increased the number of road shipments that were hauled by train by 6.6% to 723,894 in 2011. In H1/2011, Hupac posted a double-digit gro...
Kögel doubled its turnover According to the German Association of the Automotive Industry, trailer maker Kögel achieved an above-average rate of growth in the 2011 financial year. Turnover at the renowned tr...
BVL Logistics Forum in Duisburg is history The German association Bundesvereinigung Logistik (BVL) has confirmed to the German trade press that it has decided to cease holding the BVL Logistics Forum in Duisburg (Germany).T...
TNT Express introduces Pharma Safe The Dutch service provider TNT Express has introduced Pharma Safe, a special reliable temperature-controlled transport service for pharmaceutical products such as medicines, vaccin...
Dachser Far East: new warehouse in Shanghai Dachser, a Germany-based global logistics service provider, is stepping up its contract logistics activities in China. To this end a new 10,000 sqm warehouse was recently phased in...
TFG Transfracht's MD Gerhard Oswald celebrates 60th birthday Gerhard Oswald, managing director of TFG Transfracht, is celebrating his 60th birthday today (1 February 2012). Last year also saw another "round" anniversary as it marked his 30th...
Evergreen raises the bar as box lines press to restore battered freight rates Sights set on Asia-Europe trades with increases of up to $900 per teu proposed
A code to keep pilots on course It was interesting and encouraging to see how Liverpool's pilotage service has won accreditation by Lloyd's Register Quality Assurance
Intermodal Spring sweeps the Middle East Israeli plans for a rail link between the Red and Mediterranean seas follow Saudia Arabia's approval for a $7bn line between the country's east and west coast ports
How big is the shipping finance market? An insider's guide to impressing your boss
81 large tankers forecast to leave fleet in 2012 says ICAP Demolition, storage and conversion sales will reduce tonnage
Shortsea and feeder trades 'will consolidate' Dynamar shipping consultancy says cascade effect of the changing deepsea container market has brought fierce competition
Simatech sees a silver lining Rising costs create opportunity for feeder operators by driving the container lines towards outsourcing
Tonnage cascade an opportunity not a threat to feeder operators New niches based on geography and service
Chill economic wind blows Nordic owners Expect imaginative prose from Nordic shipowners' investor relations departments in the coming weeks
Middle Eastern vessel glut forces VLCC owners to fight for cargoes Two ships for every shipment available from 10-20 February
Private maritime security body launches self-regulation programme International regulation still elusive as SAMI launches UK accreditation drive
General Maritime files Chapter 11 reorganisation plan Oaktree to pump $175m of new money into company
BP must cover some Deepwater Horizon claims against Halliburton Court ruling says oil giant must indemnify third-party compensatory claims
Asleep at the wheel According to the findings, up to 45% of second and third mates on watch during the small hours will doze off momentarily at some point in a typical working week
Iran's tanker twist Former NITC chief executive Mohammed Souri's reputation was one of a careful shipping expert who cared deeply about safety and quality standards
US Congress to review Harbour Maintenance Tax Plans for dedicated funds for dredging if reform goes ahead
Black Sea freeze causes dry bulk terminal delays Supramaxes face difficulties accessing Sea of Azov ports and Bosporus Strait closed for a day due to snowstorm
Auerbach raises cash to buy second cargo vessel Hamburg shipping company doubles its equity capital with appeal to wealthy private investors
Marampa exports mark an milestone for Sierra Leone London Mining loads its first iron ore cargo from former war-torn state
Containership charter market needs a post-Chinese new year holiday boost Higher activity in 2,500 teu-2,800 teu boxships than in larger vessels
Fitch awards negative outlook for Indian shipping Agency rates logistics as stable
Iran sanctions change to target NIOC and NITC Implementation would depend on whether Revolutionary Guard links are established
UPDATED: Baltic Dry Index hits 26-year low Bulk carrier market indicator slumps to 662 points, below 2008 financial crash levels
Intercargo issues transport guidelines for bulk vessels 66 seafarers killed in casualties involving nickel ore carriers
More box ship idling seen MORE BOX ships must be idled for rates to recover profitability, as slow steaming has reached its limit, a sector consultancy warned today
Bills target NIOC, NITC SANCTIONS targeting National Iranian Oil and National Iranian Tanker are featured in new legislation proposed in Congress
Port Kembla strike starts DOCKERS began a scheduled weeklong strike today at the BHP Billiton-operated Port Kembla coal terminal in Australia
Ports laud transport bill US PORTS today hailed a transport and jobs bill that recognises intermodal and port concerns
German government asked to ease squeeze CASH-strapped German shipowners are seeking further government guarantees to facilitate loans from private shipping banks this year
India haunted by 2008-9 INDIAN shipping groups are likely to report reduced cashflows in 2012 resulting from a fall in revenues and profitability, a ratings agency said today
77% profits fall stings Mercator (Singapore) MERCATOR Lines (Singapore) said today its profits for 3QFY2012 plummeted 77% year on year, to $1.18M
UniCredit scaling down shipping loans ITALIAN bank UniCredit is reportedly scaling down its ship financing operations to boost its capital reserves
Iggy worsens Oz port snarls THE LUNAR New Year holiday and Cyclone Iggy are making congestion worse today in Australian iron ore ports
Finnlines shareholder continues legal case FINNLINES, the Helsinki-listed ro-ro and terminal operator, said today its second-largest shareholder Ilmarinen will appeal a court ruling over the dividend policy of the shipping group
China props up Indonesia's coal exports INDONESIA exported 269.34M tonnes of coal in 2011, IHS McCloskey reported today
Seafarers missing after Vera sinks AT LEAST seven seafarers are reported missing today after a dry cargo ship sank in the Black Sea off Turkey
DOF Subsea mulls another issue of bonds NORWAY'S DOF Subsea said today it might issue more unsecured bonds after raising 700M kroner ($121M) by an issue of five-year bonds in January
Iran's navy foils pirates AN ATTEMPT by Somali pirates to hijack an oil tanker near the Gulf of Arden has reportedly been thwarted by Iran's navy
VLCCs skid 4 WS points BROKERS told Fairplay today VLCC rates are diving, with the benchmark Persian Gulf/Japan route losing more than 4 Worldscale points over the past day
Export Advocates Urge Congress to Reform Harbor Tax A Louisiana agriculture official urged Congress on Wednesday to direct the Army Corps of Engineers to fully tap the Harbor...
Amazon Says Supply Chain Investments Could Hurt Profit Amazon.com is telling investors its heavy investment in distribution centers and other supply chain improvements to speed delivery of consumer...
Rail Transfer Project at Port Everglades Progresses The opening of an intermodal rail container transfer facility at the Port of Everglades came closer to fruition after a...
C.H. Robinson Revenue Jumps 10.4 Percent Strong truckload demand pushed revenue up 10.4 percent in the fourth quarter to $2.6 billion at C.H. Robinson Worldwide, the...
ILA, United Arab Shipping Agree to Contract United Arab Shipping's U.S. agency and International Longshoremen's Association Local 1964 have agreed to a three-year contract covering a handful...
Saia Profit Soars, Revenue Tops $1 Billion Multiregional less-than-truckload carrier Saia returned to trucking's billion dollar club in 2011 as its profit skyrocketed on higher LTL rates...
SC Senate Rebukes Governor, Votes to Block Savannah Dredging The South Carolina Senate voted unanimously Tuesday to rebuke Gov. Nikki Haley for allowing environmental regulators to approve a Savannah...
MSC Hikes Rates from US to Middle East, India, Africa Mediterranean Shipping will apply a general rate increase for U.S. shipments to the Middle East, India, the Mediterranean and Africa,...
CMA CGM Raises Asia-Mediterranean-Europe Rates CMA CGM announced a rate increase of $750 per 20 foot container on the Asia-Mediterranean-North Europe route effective March 1,...
Trucker ODFL Expands Trans-Pacific, Drayage Services Less-than-truckload operator Old Dominion Freight Line is moving deeper into the drayage business, opening a container drayage facility in the...
BAA Loses Appeal to Keep London Stansted BAA must sell London Stansted, the U.K.'s second largest air cargo hub, after a court rejected the airport operator's appeal...
US Factory Production Accelerated in January A widely watched economic gauge showed U.S. manufacturing activity picked up speed in January, growing to its highest level since...
YRC Worldwide Renames Long-Haul Carrier YRC Worldwide is rebranding its largest less-than-truckload operating subsidiary, YRC, as YRC Freight. The name change is part...
Yusen Logistics Profit Surges on Revenue Jump Yusen Logistics's net profit surged 14.7 percent in the first nine months of fiscal 2011, which started on April 1,...
Maersk Raises Rates From India to Latin America, Caribbean Maersk Line imposed a general rate increase on trades from India to Latin America and the Caribbean, starting March 1....
Fecso Books Double-Digit Rail, Ocean, Terminal Growth Fesco booked double-digit growth across its ocean container, rail, port terminal and intermodal units in 2011 as it benefited from...
Trans-Pacific Spot Rate Stays Firm Amid Sluggish Demand The average spot rate on the eastbound trans-Pacific didn't budge this week as a lull in demand for cargo space...
New Maersk CEO Skou Names Management Team Maersk Line's new CEO, Soren Skou, wasted no time putting his own management team in place to run the world's...
Global Air Freight Expands for Second Straight Month Global air cargo traffic increased in December on a month-to-month basis for the second straight month, but yields remain under...
UAE spurs DP World to record 55 million TEU A jump in traffic at DP World's flagship port, Jebel Ali, helped propel the globe's third largest operator of container terminals to handle almost 55 million TEU ...
Mixed results for European rail The transfer of road traffic to rail in Europe continued at a slow pace last year, despite increasing environmental awareness, escalating road traffic congestion, ...
MOL also sinks further into the red Mitsui OSK Line joined the growing list of carriers to declare red figures last year. In the first nine months of its financial year started April 1, 2011, Group ...
Dachser expands in China Kempten, Germany-headquartered global logistics company, Dachser, is confident that China will continue its growth as it invests in a new Shanghai-based warehouse ...
Hapag-Lloyd GRI a shock and awe tactic? The announcement from Germany's Hapag-Lloyd last week of a USD750 per TEU Far East westbound general rate increase effective March 1 was at first thought to be ...
CSAV's new business model showing gains The downsizing collaborating strategy of troubled Chilean liner CSAV is having a positive impact on its operational numbers, in contrast to many of its peers where ...
K Line sinks further into the red K Line lost JPY42,166 (USD542.4) million in the first nine months of its financial year (ending March 31, 2012), which is little better than the staggering loss ...
Maersk gets new management team and Damco moves Maersk Line has named a new management team to lead it into the future. Lucas Vos has replaced Chief Commercial Officer Hanne Sorensen, who was recently appointed ...
Oil leaking from wrecked cruise ship Floating barriers 'lifting in strong winds.'
Crude prices unsettled on inventory increases Oil rose after manufacturing indexes from China to the US to Germany increased in January.
Fujairah market sees prices weaken Players report 'busy market' in Middle East hub.
Quiet market in North European hubs Rotterdam prices relatively stable for a second straight-day.
Court ruling means new delay in settling bunker bills Appeal court judges raise questions about forced sale of arrested ship.
Share of fuel above 3.50% sulphur limit shrinks further Latest DNVPS report shows 19% of fuels testing above 3.50% sulphur were high viscosity fuels.
Arbitrage volumes at 'seven-year' high Market poised for 'downwards correction.'
Regional bunker association elects new Board Deniz Eraydin of Cye Petrol to head TBA for the second time.
Demand generally slack in Asian ports Prices show little movement.
K-Line anticipates over $700 million full year loss Blames continued sluggishness in global markets, high bunker prices for wider loss forecast.
HK proposes lower port dues to encourage cleaner fuels switch Reduce port dues by half for vessels that use low sulphur fuel, says senior government official.
Slow steaming benefits 'reach their limits' Further slowing down 'unlikely' to ease overcapacity, says Alphaliner.
US refinery commences shutdown Refinery losses amounted to $1.3 billion in the past three years, says Hovensa.
Chinese fuel oil imports down 9% in January Amid sluggish demand from the bonded bunker market.
Brightoil completes $75 million acquisition Issues some 323 million of its shares in exchange for shares and debts of an investment holding firm.
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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