APL en route to slashing carbon footprint by 30% Container shipping line APL is doing its part in the drive to curb international shipping's carbon emissions levels that are said to contribute 2.7 per cent of greenhouse gas emissions every year.
Commerzbank may face 441m euro losses As soaring fuel costs and slumping freight rates leave shipping companies struggling to pay their creditors, Commerzbank AG may face shipping-loan losses of as much as 441 million euros (S$729 million) this year.
Shippers stay afloat using Chapter 11 in US When Marco Polo Seatrade of the Netherlands filed for bankruptcy in a US court in July, lenders fought to get the case thrown out. While the company docks in ports around the globe, the lenders argued, its ties to the United States are limited to two small financial accounts.
TFG Transfracht receives TÜV certification for Eco Plus programme After a successful audit, TÜV SÜD, a world's leading technical service organisation headquartered in Germany, has awarded the appropriate certification to TFG Transfracht for its E...
BBC launches new heavylift cargo service between Europe and Asia The German multi-purpose and heavylift cargo shipping company BBC Chartering has launched a new Europe-Asia service. The carrier's "BBC Karan" was the first vessel in thi...
The German inland shipping industry in 2011 In 2011 the amount of goods transported on inland waterways in Germany sank by 3.3%, compared to the previous year. The federal statistical office Destatis reported that a total of...
Global freight volumes remain stagnant According to the latest global freight data collected by the International Transport Forum at the OECD, the performance of road and rail freight in the EU-27 and the USA indicate w...
TNT Express testing Iveco's light commercial vehicles TNT Express is testing Iveco's light commercial vehicles in the UK. The vehicles form part of a larger trial by TNT Express to assess the suitability of lighter alternatives to r...
Volvo selling more trucks in Asia and the USA Volvo Trucks delivered 8,238 trucks in February 2012, 2 % fewer units than in the equivalent time frame a year ago. Some 3,077 trucks were delivered to customers in Europe in Febru...
AirBridgeCargo Airlines takes delivery of second Boeing B747-8F AirBridgeCargo Airlines (ABC), part of Volga-Dnepr Group and Russia's largest cargo airline, has taken delivery of its second Boeing B747-8 freighter from US-bas...
IAG Cargo welcomes Iberia to its Heathrow hub IAG Cargo recently announced a further milestone in the integration of its two brands, British Airways World Cargo and Iberia Cargo: The Ascentis and Premia facilities at London He...
Series of AN-124-100 flights help Honda rebuild facilities after devastating flooding in Thailand Russia-based Volga-Dnepr Airlines has carried over 200 t of industrial equipment from Japan to Thailand to help with the reconstruction of Honda's assembly facilities after they we...
DHL Global Forwarding expands near Milan DHL Global Forwarding, Freight, the air and ocean freight specialist within Deutsche Post DHL and one of the leading providers of road freight services in Europe, has opened a new ...
Hermes UK wins five-year parcel contract with New Look Parcel delivery company Hermes UK, part of the German Hermes group, has won a five-year e-commerce delivery contract with the British fashion retailer New Look. The contract previo...
Nippon Express purchases US-based Associated Global Systems Nippon Express USA, a subsidiary of the Japanese company Nippon Express, has acquired Associated Global Systems (AGS) a US-based logistics company. AGS is a mid-sized logistics co...
TNT Innight: new chairman of the board The overnight express service provider TNT Innight has announced that Pieter de Wit, its current managing director finance, replaced Philip Alliet as chairman of the TNT Innight gr...
Night flight ban for largest German airfreight hub Germany's federal administrative court (one of five federal supreme courts) today brought years of conflict over the expansion of the largest German airport in Frankfurt to an end....
Biting the Big Apple Growing attendance at investor forums reveals appetite for maritime
Boxship charter rate gains stall Larger vessels post biggest price gain on ConTex
Piracy by any other name Ships exposed to Gulf of Guinea robberies have little protection
Piracy study notes at least three patterns behind attacks Research pinpoints trends as Somali-based incidents widen their reach
Brussels doesn't know best The European Commission has urged New Zealand to end exemptions for liner conferences. It should be told to back off
ILA and USMX confident of labour accord Both sides pledge 'no disruption' at US east and Gulf coasts as master contract talks start
NewLead drops post-panamax charter Owner returns to Nasdaq compliance
Banks play down Morgan Stanley loan loss warning Commerzbank and DNB exposed, says analyst
Newbuilding orders hit new lows Capacity shakeout likely as yards fail to land deals
Islamic ship finance goes mainstream Shipowners can expect small slice of $1trn pie
Frontline VLCC charter boosts spot market Brokers forecast spot market lull over Easter
Diversify and prosper Banks that keep faith with shipping course will benefit long term
Peel Ports tackles concerns about Mersey masterplan Consultation reveals concern about traffic and environment
China and Saudi Arabia firm up petrochemical partnership Deal is latest in ongoing collaboration between the two nations that could boost wet cargo tonne-mile demand
Capital Product sheds second smaller tanker Proceeds from 2005-built duo used to repay bank debt
Medcenter box volumes fall by a fifth Maersk Line loss is Malta's gain
Fuel leaks from cargoship aground in North Wales Two helicopters lift Polish crew from German-owned vessel
Brazil ramps up iron-ore exports But capesize charter rates refuse to budge
Transnet outlines seven-year investment strategy South Africa repositions its ports as gateways for bulk exports
Serious losses maintain upward trend Back year figures deteriorate year on year and 2011 is likely to follow suit, says IUMI
Rains dampen Australian coal export hopes February figures released today provoke pessimism despite improvement on last year
Rena leaks more oil MARITIME New Zealand said today a new leak from grounded box ship Rena has dumped about 2,000 barrels of oil near the Bay of Plenty
Ship grounds off Wales A GERMAN ship was holed in a grounding off North Wales, sparking a dramatic wintry rescue
AdF urges IMO to put off sulphur curbs FRENCH shipowner lobbyist Armateurs de France is trying to persuade the IMO to put off imposing its 0.1% marine fuel sulphur content limit in northern Europe
VLCCs ride demand wave THE VLCC spot market's recent strong performance is likely to continue on high trading activity and tonnage mile demand, according to a leading tanker broker
Capesize drybulk rates continue slow rise SPOT RATES for Capesize drybulkers continued their recovery from very low levels, but ample supply of tonnage is likely to limit the upside, according to shipping analysts
Release delayed in India slayings AN INDIAN court has ordered a delay in releasing two armed guards and their tanker in the fatal shooting of two fishermen
Big Oil questions US ownership rules ONEROUS rules for shipowners might hinder the ability of companies to participate in US cabotage, an oil lobbyist has warned
Excel defers loan payment NYSE-listed Excel Maritime has confirmed it deferred a $24M loan payment as part of a previously announced agreement with lenders to amend its $1.4Bn credit facility
New Panama Locks Opening Faces Three-Month Delay The Panama Canal's new locks will probably not be ready for their scheduled opening in October 2014, but will be...
Schneider National: No Tornado Injuries No Schneider National employees were injured when a tornado ripped through its Dallas operating center Tuesday afternoon, sending trailers flying....
Asian Air Carriers See Growth in February Freight carried by Asian airlines in February rose 7.8 percent from the same period in 2011, as an earlier Chinese...
Asia, Mideast Handle More Than 40 Percent of Global Air Cargo The Middle East and Asia-Pacific accounted for more than 40 percent total air cargo traffic last year, according to figures...
Schneider Assesses Tornado Damage in Dallas The images captured on video are stunning: orange trailers are lifted from the ground by a tornado and tossed hundreds...
APL Pledges to Slash Emissions 30 Percent by 2015 More modern vessels and slow-steaming will help Singapore container line APL cut carbon exhaust emission by 30 percent by 2015,...
Saudi Airlines Cargo Expands African Services Saudi Airlines Cargo began weekly 747 freighter service to Ghana this week, expanding the Middle Eastern carrier's freighter service network...
Court Upholds Frankfurt Night Flight Ban A German court today upheld a controversial ban on night flights at Frankfurt airport, a major setback to Lufthansa Cargo...
Israel Corp. OKs $50 Million for Zim Israel Corp. directors allocated $50 million as a financial reserve for Zim Integrated Shipping Services, which last week posted a...
APL Sets Third Rate Hike on Asia-Europe Trade APL will raise its rates by $450 per 20-foot container on westbound trades from Asia to Europe, starting May 1....
Port Nehru Container Volume Hits All Time High The volume of containers through India's Port of Jawaharlal Nehru (Nhava Sheva) hit an "all-time high" of 4.32 million 20-foot...
Tokyo Container Trade Hit Record High in 2011 The number of foreign trade containers handled by the Port of Tokyo rose 8.6 percent in 2011 from the previous...
Port of Rotterdam Income Up 10 Percent The Port of Rotterdam Authority booked net income of $246 million in 2011, a 10 percent increase on the previous...
Italy Fines 15 Shipping Agents for Price Fixing Italy's antitrust authority fined 15 liner shipping agents and two trade associations a total of more than $5.3 million for...
UP Expects "Slow But Steady" Growth This Year Union Pacific Railroad anticipates "slow but steady" growth in freight volume this year, driven by the industrial products sector and...
Bilbao box count rises 8% In 2011, the Spanish port of Bilbao processed 8% more containers than in 2010 with 572,784TEU handled. It meant that the port exceeded its previous record which ...
ICTSI set to handle cargo in Karachi Manila-based International Container Terminal Services Inc (ICTSI) is entering the Pakistan container-handling market by taking an equity interest in one of Karachi's ...
Ndua lauds Mombasa's performance Despite challenging and economic and operational issues throughout 2011, Gichiri Ndua, managing director, Kenya Ports Authority [KPA], has declared that the country's ...
Antwerp beckons the biggest liners The Belgium Port of Antwerp [PoA] is sending out a message to liner companies that it can now accommodate the biggest containerships on the oceans today, following ...
Carriers go on the GRI offensive Ocean carriers are going for the burn, hitting shippers with wave after wave of general rate increases in an endeavour to return their businesses to break even ...
Trailer Bridge emerges from bankruptcy US Jones Act carrier Trailer Bridge has emerged from Chapter 11 proceedings - with the company's joint ceos hailing this as marking the 'beginning of ...
Piracy: prevention is better than cure That is the view of leading marine distance table publishers, AtoBviaC, which has recently introduced a new Anti-Piracy Routeing Tool within the BP Shipping Marine ...
Hapag mints new rotations Hamburg-based containership giant expands network with sailings tied to the Adriatic, Egypt, Germany and Russia.
Syscorp backs vegoil venture Expansion crusade continues as diversified Malaysian owner forges chemical tanker alliance with edible oil producer.
Analyst unmoved by CPP sale Wells Fargo says chemical tanker transaction is unlikely to impact Capital Product Partners' ability to keep payout intact.
Rena springs new leak Stricken containership spews oil off New Zealand as high winds and massive waves stifle recovery efforts.
Dur steps up to the plate Urs Dur takes the bull by the horns as Michael Pak prepares to add internationally-listed shipping names to research portfolio.
Vale Beijing bound for yard An STX Pan Ocean VLOC which was damaged ahead of its maiden voyage will check in at sibling builder for an inspection.
Grounded ship springs a leak Vessel which ran into trouble off Wales has spilled gas oil, authorities say.
Vale mulls VLOC sales Iron ore giant in talks to shed giant bulkers but still optimistic about beating Chinese port ban, CFO says.
Banks take Torm stake Lenders sweep up shares in Danish owner after agreeing a short loan holiday.
CPLP sells second tanker Evangelos Marinakis-led owner offloads vessel two weeks after flogging sistership.
Jefferies tips dry workouts Many listed bulker owners will be challenged by accelerated debt payments this year with additional restructurings likely, analyst says.
NFC goes coastal Oman's state ferry line launching domestic run to scoop up tourist trade.
Keppel wins more FPSO work Singaporean giant bags conversion deals from SBM and Bumi Armada worth $135m.
Livestock carrier targeted Australian police arrest activists who boarded Kuwait's Al Shuwaikh at Fremantle.
Ezion Central America bound Singapore offshore company's year goes from strength to strength with another charter contract.
APL to cut emissions by 30% by 2015 Influx of new vessels and running at reduced speed has put the target within reach.
Prices slip slightly in Rotterdam No clear trend across Europe on Wednesday.
Middle East market softens Other markets moving up mid-week.
MAN Diesel & Turbo acquires advanced propeller technology Optimised propeller and propulsion efficiencies contribute to lowering the EEDI and offers fuel savings of up to 6%.
Oil tumbles on rise in US crude output Oil futures fall as inventories rise to highest level since June.
North American ECA could trigger more sulphur disputes Suppliers blending close to 1.00% sulphur target will likely cause several instances of 'off-spec' test results subject to different interpretations.
Forum looks at preparation for next generation of shipping regulations Representatives from the maritime industry meet to discuss how incoming regulations will be impacting the industry.
Grant to support development of scrubber effluent treatment Company is developing a prototype treatment device for the removal of hydrocarbons from sulphur scrubber systems.
Rear half of grounded Rena container vessel sinks Amount of fuel released only 'a tiny percentage' of that released immediately after the grounding last year.
Fuel leak fear for stricken vessel 'I don't know obviously for certain but I'm presuming the fuel tanks have been ruptured in some way,' says operations manager.
Shipping loan losses to hit German lender in 2012 'It is a risky business, as risky as many parts of commercial real estate,' says analyst.
Mid-week dip in bunker prices at major Asian ports Players report no issues with product supply at present.
US departments to host biofuels roundtable Biofuels Industry Roundtable to engage private sector to produce advanced biofuels.
Container sector warned against 'false sense of security' Freight rates improvements are vulnerable unless 'inherent structural capacity is truly tackled', says Drewry Maritime Research.
US-listed exchange to offer 380 cSt, 180 cSt grade OTC contracts New over-the-counter contracts will be launched on April 30, says ICE.
Brightoil makes 'significant progress' on oil terminal project Gains government approval to build 300,000 mt capacity oil terminal at Zhoushan, China.
Bad weather affecting bunker deliveries at Japanese ports Bunker deliveries at Japanese ports depending on judgement of local suppliers, says player.
Box carriers' operating losses total $5.6 billion in 2011 With margins bottomed, now carriers can look forward to better rates in 2012, says Alphaliner.
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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