Demand for Middle East oil tankers climbs to record high Spot demand for supertankers carrying Middle East crude oil climbed to a record of as many as 142 fixtures in February, or 9.79 million barrels of oil per day (bpd), slightly higher than the previous month, ship brokers said yesterday.
'Bloodletting' seen in shipping industry this year Many of the giant cranes that tower over the port of Aarhus, Denmark's second biggest city, are standing idle these days.
New director corporate sales for OPDR The internationally active short sea shipping company Oldenburg-Portugiesische Dampfschiffs-Reederei (OPDR) added Timm Ulrich Niebergall to its management team on 1 December 2011. ...
Construction starts on McLaren Vale Overpass in South Australia Construction work has started on the McLaren Vale Overpass in South Australia. Once completed in 2013, the new overpass will significantly improve safety for the almost 28,000 moto...
Chemlogix Global appoints new international sales manager The US-based company ChemLogix Global LLC has appointed Marie Holst to the position of manager international sales. Based in Blue Bell, PA, Holst will focus on expanding the compa...
New main dealer for Isuzu Truck in South Wales The commercial vehicle manufacturer Isuzu Truck UK is continuing to expand its dealer network this year. The company appointed seven new dealers in 2011 and as early as January 201...
Russian Railways with increasing freight Russian Railways and its group (140 of its subsidiaries and 170 associated companies) have announced the financial results, prepared in accordance with international financial repo...
Iata reports weak cargo traffic start to 2012 The International Air Transport Association (Iata) announced global traffic results for January showing an 8% decline in airfreight compared to the same month in 2011. The decline ...
Lynden International opens first European office at Brussels airport The US Logistics company Lynden International is expanding its European network by opening a new service centre at Brucargo, the dedicated freight area of Brussels airport. The loc...
British Columbia eliminates jet fuel tax The Western Canadian province British Columbia (BC) has fulfilled its promise to eliminate the aviation fuel tax for internationa...
Russia planning major container complex in the Far East Russia is planning a complex to handle containerised goods in the Khabarovsk region in the Far East. The facility will be based around the ports of Vanino and Sovetskaya Gavan (som...
Spain: TCB Railway increases cargo turnover by 21% TCB Railway, the railfreight company owned by the Spanish entity Grup TCB, has optimised its operations, achieving a 21% increase of cargo turnover in 2011. Last year, the rail ser...
"MSC Fabiola" - largest vessel ever calling at US west coast ports The 12,500 teu "MSC Fabiola" operated by the Geneva (Switzerland)-based Mediterranean Shipping Company (MSC) is the largest container vessel ever to call at US west coas...
Borusan Logistik appoints new head for road, rail and airfreight The Turkish service provider Borusan Lojistik has selected Volkan Yildirim to head its international overland, rail and airfreight departments. In his earlier career...
Logwin expanding in South Africa Logwin, an international logistics service provider based in Grevenmacher (Luxembourg), has moved into larger premises in Port Elizabeth (South Africa). The new location is close t...
CEE appoints Ekin Nakliyat as new member in Turkey The service provider Ekin Nakliyat from Istanbul has become a new member of the Cargo Equipment Experts CEE network in Turkey. Nakliyat represents the heavy haulage service categor...
Van der Vlist UK relocates UK head office Van der Vlist UK Ltd, part of the Dutch-owned Van der Vlist Transport Group, has relocated to a purpose-built site at Burma Drive in Hull (UK). The new office, located less than a ...
CFL cargo changes management The rail service provider CFL cargo reshuffled its management by nominating Marcel Theis as chief operating officer in February. The post was formerly held by Marc Calmes who hence...
Willi Betz back in the black The German forwarding company Willi Betz posted a 7-digit profit in 2011. This is the first time the firm has been in the black for several years. The turnover jumped to EUR 800 mi...
Demolition rates face threat of price correction Market 'groaning and creaking' under the weight of available tonnage, says GMS
MEPC makes little headway with MBM debate Impasse reflects climate-change row between developed and developing nations
Australia seeks value chain investors to back its LNG goals Queensland to upgrade quaysides and hinterland to support export goals
Wärtsilä and HHI extend co-operation Finnish engine maker signs 10-year licence deal for construction of low-speed two-stroke diesel engines
Lobby wars at IMO over EEDI Shipping and green interests clash over extending EEDI to existing tonnage
Demands for permanent slow steaming increase Calls for setting speed limits come as more owners look to permanently derate engines
Gas powering the fishing industry Rolls Royce design for fish feed vessel
ClassNK and Indonesian class society draw closer Wide-ranging agreement provides for a proactive approach to sharing information and the exchange of opinions on technical and industry topics
High global LPG prices deter buying and hold freight rates down Brokers forecast minimal change in VLGC charter rates for March
Fuel Oil Single Swap shields bunker buyers from volatile markets Single-tonne contracts hedge small owners against fuel price risk
VDR data crucial in Costa Concordia case Recordings will reveal the real events of the grounding and capsize
Rates refund of $105m for firms on English port estates Waiver overturns 2008 Valuation Office decision
UPDATED: Maersk issues peace proposal with new profit priority Exclusive video interview with chief executive S'ren Skou
Allied Maritime faces avalanche of charter claims STX Pan Ocean among the most exposed as three further owners file US suits
Fred Olsen, unsung hero Fred Olsen's approach to the 1970s tanker crisis offers valuable lessons today
Extending the energy efficiency design index EEDI cannot apply to ships which cannot meet the scope of Marpol Annex VI
Turnaround in dry bulk secondhand market 'not far away' Brokers note uptick in buyer interest
Almi inches closer to debut LNG deal Favoured builder Daewoo said to have offered Greek tanker owner two slots
BP agrees $7.8bn settlement with 'substantial majority' of Deepwater Horizon civil claimants Government case remains open, but experts believe oil major is under more pressure to settle
Cold comfort for owners as bunker prices stay high Fujairah bunkers hold at $750 per tonne, down from last week's $763.50 record
Rolldock orders two heavylift vessels from German shipyard FSG Tonnage allows flexible handling for outsize and project cargoes
Armed guards becoming entrenched, say experts Private security firms 'not a permanent solution' to piracy, says DfT official
Secondhand aframax prices take a pounding Several deals reported for 1990s-built ships
Dannebrog orders air cavity system First shipowner to agree to instal fuel-saving technology
Getting in deep Two years on from disaster in the Gulf of Mexico, the deepwater industry is thriving
IMO urged to help develop guidelines for private security guards Role of International Maritime Organization is timetabled for discussion at safety committee meeting in May
Torm is granted yet another debt extension But speculation mounts that debt-crippled Danish owner has been given its last chance
Australian-China iron ore trade rises on hike in Port Hedland exports February lifts demand after dismal January
LNG market set to tighten GLOBAL volumes of LNG will be tightening until a peak by 2014, IHS CERA has predicted
Skou sounds warning THE LINER sector is generating unnacceptable margins, which have to stop, Maersk Line's CEO S'ren Skou said today
K+N passes 3M teu LEADING global ocean freight forwarder Kuehne + Nagel said today increased its cargo volumes by 11% to exceed 3M teu last year
Captain killed in sinking THE CAPTAIN of a Greek refuelling tanker was killed today when the ship sank west of Athens, Reuters reported
Adani signs coal deals GAUTAM Adani-owned Adani Enterprises, India's largest coal importer, today signed five supply deals with National Thermal Power
Allied allegations mount LAWSUITS continue to pile up against Greek drybulk charterer Allied Maritime, raising claims above $5.4M
NITC activates tankers NITC IS deploying more tankers to fill the void left by jittery owners who refuse to call at Iran because of international sanctions against Tehran
BLT hires restructuring help INDONESIA'S chemical shipping operator BLT has hired a restructuring specialist
Rickmers sells three ships RICKMERS Reederei has sold three sister Handy box ships en bloc
Atlas pays premium AUSTRALIAN iron ore producer Atlas Iron has paid $11.10 per tonne to ship 110,000 tonnes of cargoes on a mini-Capesize, brokers told Fairplay today
Frontline eats loss on S&P FRONTLINE, the listed VLCC and Suezmax operator in John Fredriksen's business empire, said today it has sold a 19-year-old Suezmax tanker for a loss
Chinese defy breaking trend SOUTH Asia's recycling market is under continued strain from heavy tonnage buying over the past month, but Chinese breakers have resumed buying in earnest
FMC Releases Index-Based Contract Rule The Federal Maritime Commission has agreed to give shippers and carriers more ability to manage rate risk in service contracts...
Without Layups, Pressure Won't Let Up on Ocean Carriers Container ship lines will struggle to achieve profitability while attempting to manage capacity that's expected to rise faster than cargo...
Mega-Ship Trend Comes With Consequences The economies of scale that are driving carriers to replace their fleets with mega-ships will result in the consolidation of...
Ad for Highway Bill Channels Reagan, Clinton Trade groups advocating a new multi-year transportation bill have enlisted former presidents Reagan and Clinton in advertising to support their...
US, Chinese Logistics Groups Sign Pact Non-asset freight transportation interests in the U.S. and China formed an alliance last week to promote trans-Pacific cooperation in third-party...
Kuehne + Nagel Expects Stronger 2012 After Flat 2011 Switzerland's Kuehne+Nagel forecast above market average growth in an uncertain global economy for 2012 as net earnings grew only marginally...
Technology Firms Merge Intermodal Portals, Products Two technology companies focused on port drayage and container chassis services, Advent and eModal, merged to form Advent Intermodal Solutions....
Maersk Vows to Defend Market Share Gains Maersk Line will not allow its renewed focus on profitability rather than cargo volume to eat into the significant gains...
Truck Volume Forecast to Grow 3.9 Percent in 2012 The trucking industry will outperform the U.S. economy this year, with truck freight growing 3.9 percent, greater than overall GDP,...
Indonesia Poised for Major Logistics Growth Indonesia will see rapid growth in logistics demand this year but needs huge investment in transport infrastructure to realize its...
Class 8 Truck Orders Drop 11 Percent Net orders for new Class 8 trucks dropped 11 percent in February from January, the second straight month of decline,...
Saudi Airlines Cargo to Fly to Saigon Saudi Airlines Cargo will launch a twice-weekly B747 freighter service to Saigon, Vietnam, on March 25, linking the Southeast Asian...
UASC Seeks Second Rate Hike on Asia-Europe Trade United Arab Shipping is joining other major ocean carriers in seeking a second general rate increase this year on the...
Building a Better Intermodal Ride Maersk Line is teaming up with BNSF Railway to offer day-definite delivery of Asian imports through Los Angeles to Chicago,...
Expectations Out of Balance Westbound trade from the U.S. to Asia grew faster than eastbound trade in 2011, pushing outbound shipments to ports at...
Cosco, China Shipping Consider More Vessel-Sharing Pacts Cosco Container Lines and China Shipping Container Lines are looking to expand their vessel-sharing agreements on China coastal and intra-Asia...
The Road to the Ocean Old Dominion Freight Line is driving its trucks to the water's edge and beyond, expanding its drayage and expedited less-than-containerload...
Railroads Nailing Shipment Growth U.S. rail growth this year is expected to outpace overall economic expansion as manufacturing expands and the shifting energy landscape...
Sydney Ready for Development They have deep water. They have more than 500 acres with a mile of waterfront and environmental approvals in place....
Express Industry's Explosive Shake-up As TNT Express cajoles UPS to sweeten its $6.5 billion takeover offer, rivals FedEx and DHL Express are scrambling to...
Ports Planning for Sustainability From Valparaiso, Chile, to Vancouver, British Columbia, ports face the reality that their land-use and business growth plans can't be...
Maersk's Lowered Expectations Maersk Line's warning that it would follow up 2011's $602 million loss with another year in the red underscores the...
For Whom the Tolls Hurt Jim Devine hit the roof when the Port Authority of New York and New Jersey raised the truck and auto...
Agencies Step Up Anti-Dumping Investigations The most mundane things in the world could be the subject of anti-dumping cases - catfish, honey, plastic bags, mattress...
Trade Enforcement One Step at a Time A top shipment arriving in Detroit by air not long ago drew the interest of the Consumer Product Safety Commission...
Helping Shippers See More Clearly Before teaming up with supply chain management software provider Descartes a decade ago, CVS, the nation's biggest pharmacy chain, relied...
Carrier Neutrality Hits a Dead End Many third-party logistics companies tout themselves as carrier-neutral. They proclaim to their customers that they select carriers based on getting...
Maersk Line repeats peace proposal in Asia-Europe tradelane Maersk Line has reiterated that it is ready to help restore profitability in the Asia-Europe tradelane. Speaking at a press gathering in London this morning, ceo ...
Chemical tanker pirated off Oman According to NATO, a 6,813dwt chemical tanker was hijacked by pirates off the coast of Oman last Friday and has been plotted steaming towards Somalia; to add to ...
Maersk to bring in more slow steaming Maersk Line intends to further decrease the average speed of its vessels to cut costs, particularly in the Asia-Europe tradelane. Speaking at a press conference ...
Transpac numbers up, but will GRIs stick? That seems to be the sixty-four thousand dollar question facing liners operating on the Asia to USWC second-biggest global tradelane, in fact it was the message ...
MSC Carole freed from reef According to the P&I insurers for the vessel's owners [Seaspan] the 4,437TEU MSC Carole, which grounded on a reef on its way in to the Indonesian ...
K+N displays resilience in fiscal year 2011 The Switzerland-headquartered logistics group Kuehne + Nagel, fought off challenging economic and trading conditions to post very strong results for its latest ...
India: strongest growth in ten months for new orders HSBC's Indian Purchasing Managers' Index [PMI], continued the expansion trend in February hitting 56.6, with the 1.2 billion-populated country reporting a substantial ...
APM T and MIV Logistics to build Indian CFS The Inland services division of APM Terminals (APM T) has entered into an arrangement with the provincial Government of Kerala, India, to develop a large Container ...
Bulkers hit the heap Hunan Ocean Shipping, Vinashin and Gearbulk take torch to 1980's tonnage in deals totaling more than $13m.
STNG rejects market chatter Product tanker owner says reports tying Wayzata Investment Partners to recent acquisitions don't hold water.
Scrap buyers evaporate Supply & demand balance 'unsustainable' as more owners seek cure for rate crisis on beaches of Asia, GMS says.
US firm tied to STNG deal Brokers connect Minnesota-based private-equity fund to $54m raid on three Scorpio Tankers product carriers.
Crewman survives 15-metre plunge Russian seafarer suffers only leg wound after falling into tank on Schulte's Chem Orion at Rotterdam.
Allied under heavy fire Dimitris Marinis-backed bulker operator's accounts in the crosshairs yet again as charter claims near $5m mark.
Eimskip buys reefer trio Icelandic owner buys Maestro's "Ice Sisters" after chartering them for seven years.
Temasek mulls Sembcorp sale Wealth fund considering selling part of its stake in Singapore-listed rigbuilder.
Two killed on cargoship Dockers died instantly after being buried under 40 tonnes of pipes on MCL Bremen at Antwerp.
Hurtigruten plots bond move Norwegian ferry and cruiseship operator to tap the market for up to $90m.
Maersk relaxed over tie-ups Danish container shipping giant welcomes increasing cooperation in industry, as it considers extending Daily Maersk service.
Skou: whatever it takes Maersk Line boss warns rivals it will not allow focus on profitability to erode its market share.
Tanker sinks off Greece Body of master of vessel that sank near Elefsina refinery is recovered
Industry margins not acceptable says Maersk CEO Rising bunker costs 'cannot continue' says Maersk CEO.
'Air Cavity System' to be installed on commercial vessel DK Group says contract is 'significant progression' for its fuel saving technology.
Fuel laden tanker sinks Vessel was carrying 1,800 metric tonnes (mt) of heavy fuel oil and approximately 250 mt of diesel when it sank.
MEPC 63 makes progress on EEDI and SEEMP guidelines Adopts guidelines to support uniform implementation of mandatory energy efficiency measures and moves toward clarifications on other aspects of regulation.
Over-the-counter bunker swaps will help players 'manage risk' New commodity swap should 'attract players from across the bunker sector.'
North European bunker prices fall Some players in Rotterdam fully booked until March 7.
Fujairah bunker prices fall Good demand in Suez.
MEPC identifies way forward to make Polar Code mandatory Resolves conflict between environmental aspects of the Polar Code and existing instruments such as annexes to MARPOL.
Maersk Line to extend slow-steaming 'We have a huge challenge on oil price,' says new CEO.
LNG bunkering in Singapore could be limited by domestic demand 'How much LNG we need to meet domestic demand will determine how much we can support ancillary services like bunkering,' says senior official.
Week starts with bunker prices largely down at major ports Demand for bunker fuels generally weak in Asia on Monday.
Indian firm to start bunkering operations at Kochi Kerala Shipping and Inland Navigation Corporation charters 1,000 mt capacity bunker tanker for operations.
Costa Concordia fuel removal operations reach milestone Heavy fuel oil, diesel oil and sludge pumped out from double bottom tanks, says Smit.
Swiss-based trader acquiring Petroplus Antwerp refinery Gunvor 'committed' to operating facility on a long-term basis, says company.
Global Vision Bunkers welcomes new trainee To continue training in Rotterdam, after starting in Cape Town.
Firm designs 'largest and greenest' superyacht Ocean Supremacy able to travel at a top speed of 53 knots while consuming 50% less fuel.
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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