Tanker rates for refinery products steady Tanker rates for refined petroleum products on top export routes were steady on Monday, with modest sailings helping to support the long-range Middle East market.
Strait Talk
100 years of improving ship safety IT is of course ironic that in the run-up to the 100th anniversary of the sinking of the Titanic, there have been three serious large passenger ship casualties.
Tanker rates for refinery products steady Tanker rates for refined petroleum products on top export routes were steady on Monday, with modest sailings helping to support the long-range Middle East market.
Strait Talk
100 years of improving ship safety IT is of course ironic that in the run-up to the 100th anniversary of the sinking of the Titanic, there have been three serious large passenger ship casualties.
Poland's railway market: investment focussing on fleet upgrade and more infrastructure Poland's railway technology market is worth EUR 2.4 billion, making it the largest among the new EU member states. A new study entitled "The Polish Railway Market" predicts that th...
MOL enhances Asia-South Africa service network The Japanese carrier Mitsui O.S.K. Lines Ltd (MOL) is upgrading its Asia-South Africa network by joining K Line's and PIL's ASA service that plies between Central China, Taiwan and...
MacAndrews calling at Dunkirk on weekly basis The maritime door-to-door operator MacAndrews, a subsidiary of the French CMA CGM Group, will offer a call at the French port of Dunkirk every week on its route to Portugal, with e...
Geis grew 2011 turnover to EUR 750 million Geis, an international logistics service provider based in Bad Neustadt near Nuremberg (Germany), boosted its turnover to a new record level of EUR 750.5 million in the last busine...
Yangtze River Express selects Paris-Vatry as European gateway Yangtze River Express, a China-based cargo carrier, has selected Paris-Vatry airport (France) as the company's gateway for trade between Europe and Western Asia. From today (3 Apri...
Air New Zealand ships rally cars from London via Los Angeles to Auckland Air New Zealand Cargo recently shipped the rally cars of Alister McRae, the reigning Asia Pacific champion, and those of his Swedish team mate Per Gunnar Andersson, from London to ...
Quick response by AirBridgeCargo and Panalpina ensures timely arrival of open air cinema Russia's AirBridgeCargo Airlines (ABC) recently delivered outsize steel structures to Japan to construct an open air cinema for the Okinawa International Movie F...
Russian Railways and Serbian Railways cooperating Russian Railways and Serbian Railways have signed a general agreement worth USD 920 million to implement railway transport projects in Serbia. The two companies have agreed to cons...
Streck and Erka now collaborating The Swiss service provider Streck Transport AG, based in Möhlin, and the Stuttgart (Germany)-headquartered forwarding company Erka Internationale Spedition, have started an allianc...
Bibby Distribution in UK expands its fleet Bibby Distribution in UK has expanded its fleet with ten new commercial vehicles built by MAN. Some 90% of Bibby's 800-strong truck fleet is now comprised of MAN units. Bibby Distr...
DSV gives information about antitrust proceedings in Italy The Danish transport and logistics group DSV said that the Italian authorities imposed an administrative fine of EUR 23.6 million on DSV's Italian subsidiary Saima Avandero SpA in ...
Agility back on a good track The global logistics provider Agility announced its Q4 and full year financial results for 2011. The Q4/2011 net profit came to KWD 3.5 million (EUR 9.4 million), an increase of 11...
Costa Concordia to be refloated in one piece Two firms bid for removal contract
'No sense' in chartering post-panamax bulkers High bunker costs make traditional tonnage the more attractive option
Fuel-efficient panamaxes steal a march on older bulkers Vessels built in the last four years dominate spot market fixture lists
Baltic Sea aframax rates boosted by north European port congestion Rotterdam is worst affected and with ice premium still applicable, earnings are rising
NEL to sell ships as losses soar Greek operator to axe charters and cut pay
North America braces for ECA Global shipping could face chaos in August
Owners braced for higher fuel bills Heidmar prepared to spend $3.7m extra a year and even more in future
Off-spec bunkering disputes will rise Blending at 1% target falls foul of Marpol standards
Third and final state approves Elbe dredging Environmentalists are likely to challenge planning approval for deepening the river at Germany's highest administrative court in Leipzig
Court blocks Enrica Lexie release High Court tells owners to apply to Kollom magistrates
Bunker chokepoint: Pacific Northwest Transpacific trades face supply bottlenecks
Maersk to super-slow steam on five Europe-Asia containership loops Transit times will increase by a week but five more vessels to be absorbed into services
Low US product demand supports record export volumes High prices hit domestic consumption and see oil products exported to emerging economies
Excel eyes equity offering Pact with banks defers first $24m instalment to 2013
A tsunami of scrapping Cash buyers point to capacity and financing challenges ahead
Appeal court clarifies Norwegian Saleform 1993 provision Ship sale created issues in relation to documents to be provided on delivery
Marco Polo Chapter 11 hearing postponed Banks and borrower must agree a reorganisation plan by April 12
Svitzer crews vote for Liverpool strike Dispute after company sacks tug workers, claiming they were drunk at work
Rotterdam reports 10% net income growth Port increases rental revenue and harbour dues
Indian miners call for cut in export tax Duty at 30% hurts economy, claim miners
China Ocean Shipbuilding trims its 2011 losses Hong Kong-listed yard settles disputes over defective deliveries
PMSCs not licensed to use floating armouries Legality of 12 'flotels' called into question
German co-operatives seek to mollify Brussels Lay-ups planned to stabilise the market
JBIC posts record level of ship financing Japanese export credit agency boosts support for domestic yards
Trailer Bridge emerges from Chapter 11 protection Seacor holds three board seats, to help company 'return to profit'
Moody's rates DP World credit as Baa3 Solid operational and financial results show emerging markets' importance to profitability, says ratings agency
Slow and green Letting economic factors create environmental improvements remains one of the best ways of greening shipping
Malta register expels 'sanctions-busting' tanker Other Iranian vessels face deregistration
Grim outlook for north Europe box volumes has 'signs of life' Global Port Tracker forecasts 3% growth in deepsea container imports and export growth close to 5%
ACM rebuilds sale and purchase team Bulow appointed head of department
MOL predicts record losses JAPAN's MOL is projecting losses of $329M for FY11, which would be the biggest loss in the shipping line's 128-year history
Trailer Bridge emerges JONES ACT carrier Trailer Bridge has emerged from bankruptcy with fresh financing from its new majority shareholders
EC approves Älvsborg terminal takeover THE EC has cleared the takeover of the Älvsborg ro-ro terminal at Gothenburg by the DFDS Lines ferry group and Luxembourg's terminal operator, C.RO Ports
Chartering JV set up A TANKER-CHARTERING venture has been set up by London-based Galbraith's and the Delhi company Shiplinks
Panama workers return WORKERS at Balboa and Cristobal in Panama have returned to work after a three-day strike and plan to discuss pay and benefits today with PPC
Ship's release puzzling MYSTERY today surrounds the release of an Iranian bulker that had been hijacked by pirates off the Maldives
Ghost ship poses peril A TRAWLER swept from Japan by the tsunami is posing a threat to US commercial shipping
FSRU boom predicted UP TO 40 floating storage and regasification unit projects are likely to be awarded by 2015, a Pareto weekly report has predicted
Pulp ship safe after fire A FIRE aboard a shortsea single-decker at Hamburg's Buss Hansa general cargo terminal was brought under control last night, almost 12 hours after it erupted
Iranians reportedly retake bulker IRANIAN commandos reportedly stormed a bulker that had been hijacked by pirates off the Maldives, EU NAVFOR told Fairplay
Schneider National Terminal Hit by Tornado A Schneider National truck terminal is among the properties damaged by one of at least two tornadoes that ripped through...
House Bill Would Cut Excise Tax, Raise Diesel Tax A bill introduced in Congress Tuesday would eliminate the excise tax on heavy trucks and trailers and replace that revenue...
Strong March Auto Sales Drive Railroad Shipments A surge of U.S. auto sales in March helped boost railroad shipments of motor vehicles and equipment nearly 19 percent...
Tornadoes Touch Down Near Dallas Tornados tore through the Dallas area this afternoon, throwing tractor-trailers into the air and grounding planes at Dallas-Fort Worth International...
CSX Adding 380 to Employment Rolls in Three States CSX Transportation is hiring roughly 380 workers in Alabama, Maryland and Tennessee, the latest sign of the railroad industry's strong...
OOCL, Long Beach Sign 40-Year Lease Representatives of Orient Overseas Container Line and the Port of Long Beach signed a 40-year lease for a 305-acre container...
Agility Reports $97 Million Profit for 2011 Global logistics provider Agility increased its net profit 8 percent in 2011 to approximately $97 million, despite a drop in...
Quality Distribution Expands Fracking Business Tank truck operator Quality Distribution purchased Trojan Vacuum Services, drilling deeper into the hydraulic fracturing or "fracking" energy market. ...
Panama Canal Locks Lag Schedule, But Project Date Will Be Met The construction of the new third set of locks at the Panama Canal is behind schedule by seven months, but...
Trailer Bridge Emerges From Bankruptcy Trailer Bridge has emerged from Chapter 11 bankruptcy reorganization Monday following a court's approval last month. Trailer Bridge operates...
Rate Hikes Stick, But Carrier Profits Shaky, Drewry Says Ocean carriers succeeded in raising freight rates on the headhaul legs of the Asia-Europe and trans-Pacific trades in the last...
Global Air Cargo Traffic Climbed 5.1 Percent in February International air freight traffic grew 5.1 percent February from a year ago, but the outlook for cargo remains fragile, the...
OOCL Seeks Second Rate Hike on Asia-Europe Services OOCL is joining other major container ship operators in seeking a second general rate increase this year on Asia-Europe services....
Lufthansa Could Ditch Freighter Fleet Over Frankfurt Ban Lufthansa Cargo may sell its entire freighter fleet if a court upholds a ban on night flights at Frankfurt airport,...
Hopes Dim for Surface Bill This Year Time appears to be up for the passage of surface transportation bill this year. Although the House has...
The proliferation of the forwarder in liner shipping With each set of results posted, there is more evidence of a growing disconnect between the fortunes of ocean carriers, who are fast spiralling towards the cumulative ...
Bareli: 300 boxes recovered According to the latest report from Klaveness, the Norwegian managers of the 3,100 TEU stricken Bareli, a total of 300 tonnes of heavy fuel oil has been pumped ...
ZIM sets up new procurement department ZIM Line appears to be making good progress in its restructuring plan that could ultimately lead to the company being split into two and for which the Israeli Government's ...
Agility's mixed bag Kuwait City-headquartered Agility, which is one of the world's leading logistics groups, has announced significant falls in revenue and operating income, but an ...
OOCL sign Middle Harbor lease in 'historic agreement' OOCL's planned lease for the US West Coast Port of Long Beach's (LB) Middle Harbor has been made concrete after the carrier and LB held a signing ceremony for a ...
Brazil's 2011 box boom According to data recently published by Brazil's national waterways transport agency, Agencia Nacional de Transportes Aquaviarios [ANTAQ] 2011 was a record year ...
A chance to have your say: join the North America sentiment panel Containerisation International's second North America survey has launched and is looking for more shippers and freight forwarders in this area to join the panel, ...
Spain tops the eurozone jobless league at 24% The Spain is taking most of the pain of the eurozone with its jobless rate in February recorded at 23.6% [Greece is second at 21%] it also had by far the most unemployed ...
Panama Canal hits records in FY 2011 The Panama Canal Authority (ACP) posted a number of records in its 2011 fiscal year (FY) which ended September 30, 2011. This was triggered by continuing growth ...
Staatsolie closed for Easter holiday Business will resume on Tuesday, March 10 respectively.
Middle East bunker prices continue upward move Suez and South African ports not following trend in Fujairah.
Prices firm in Rotterdam Quiet market in Hamburg while Piraeus sees more activity.
Planned Baltic LNG terminal could serve shipping Major new terminal proposed by Finnish company could be ready to offer LNG for shipping by end of 2015.
OOCL announces freight rate increase and 'fuel participation' surcharge Fuel surcharge to cover rising bunker costs.
Shippers expected to pass ECA costs to consumers North American ECA could cost the shipping industry $3.2 billion in 2020, and $18 per container, according to EPA estimates.
DNVPS announces new staff appointments DNV Petroleum Services hires three new customer service managers and a technical adviser.
Dual-fuel engines for Russian LPG newbuilds The first vessel is expected to commence commercial operation in the fourth quarter of 2013.
Prices up at Asian bunkering hubs Barge tightness in Hong Kong and bad weather affecting deliveries in Toyko Bay, say regional players.
Tanker earnings soar despite surging bunker costs Oil supply risks keep spot rates elevated even as overall fundamentals remain generally weak, says analyst.
MOL seeks to 'relentlessly' cut costs MOL President urges the company to 'exercise ingenuity in trimming costs and coming up with fresh ideas.'
US shipping firm emerges from bankruptcy The exit from Chapter 11 proceedings 'marks the beginning of a new era' for Trailer Bridge, says CEOs.
Athens-listed refiner profits up on higher output, oil price Motor Oil (Hellas) notes a 38% increase in prices of 3.50% sulphur limit fuel oil in 2011.
Chimbusco posts 44.3% lower profits in 2011 Chimbusco 'praised' for significant contributions to parent firm Cosco Group.
Cruise newbuild to get energy efficient systems Systems will optimise fuel consumption for TUI Cruises's first newbuild vessel, says ABB.
Singapore-listed group charters bunker tankers Secures seven and three year bareboat charter agreements for two bunker tankers worth a total of $17.4 million.
Titan to analyse default on notes Engages consultant to carry out a 'realisation analysis' which will be provided to holders of its fixed-rate senior notes.
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