China club drops cover for tankers with Iranian oil KEY ship insurer the China P&I Club will halt indemnity coverage for tankers carrying Iranian oil from July amid tightening Western sanctions against Opec's second largest producer, two club officials told Reuters yesterday.
Maritime NZ charges grounded ship's owners for causing pollution NEW Zealand shipping authorities said yesterday they had filed pollution-related charges against the owners of a Liberian-flagged cargo ship that grounded on a reef off New Zealand's North Island six months ago.
Capesize iron-ore charter rates rise another 3.5% HIRE costs for Capesize ships, the largest carriers of iron ore, rose for a seventh session on bookings of the vessels to haul the steelmaking raw material to China from leading global exporter Australia.
ECS Group acquires stake in new West African cargo airline The network general sales and service agency ECS Group, headquartered in Paris, has taken a controlling interest in Niger Air Cargo, a ...
Favourable start for Contargo's Basel multimodal express The container logistics specialist Contargo has said that its Basel multimodal express service has had a favourable first year. Around 13,500 teu have been hauled by the first tri...
Daimler celebrates 70th anniversary of Freightliner truck Daimler North America is celebrating the 70th anniversary of the Freightliner medium and heavy-duty truck brand. Since its beginnings in 1942, Freightliner has developed into one ...
Store-Ship adopts parent company name of Broekman The company Store-Ship has operated under the new name of Broekman Logistics Europoort since 1 April. This step aims to consolidate the company's position as an integral part of t...
Unifeeder adds call at Kalundborg container terminal Unifeeder, a leading provider of container transport services and short sea shipping solutions in northern Europe, is set to serve the Kalundborg container terminal on the west co...
IDS names winners of quality ranking scheme The general cargo alliance IDS has announced that the forwarding company Gras Spedition, based in Neuwied (Germany), took first place in its quality ranking programme. Krage &...
Singapore supports air cargo sector The Changi Airport Group (CAG) has put in place a SGD 15 million (EUR 9 million) cargo support package under the Changi airport growth initiative, to support the air cargo sector ...
SBS Worldwide appoints Ian Hunt as new manager Supply chain solutions provider SBS Worldwide has appointed Ian Hunt to the new role of business development manager of sales for the Northeast of the UK. He will be based at SBS ...
BDP expanding in Asia BDP International has opened another global service centre in Petaling Jaya (Malaysia). The US global logistics and transportation firm opened its first centre in Kuala Lumpur in ...
SNCF Geodis and Hupac sign strategic cooperation agreement Hupac, a Swiss intermodal transport operator, and SNCF Geodis, the fourth-largest global transport and logistics operator, are joining forces to expand their combined transport ne...
Asstra new BVL member in Germany The international transport and logistics service provider Asstra Associated Traffic recently became a member of the German Logistics Association (Bundesvereinigung für Logistik B...
HHLA: above average growth in 2011 The German port service provider Hamburger Hafen und Logistik AG (HHLA) reported above-average growth rates in its core markets in business year 2011, and was thereby able to subst...
Supramax rates plummet after owner offers $4,000 per day discount Resulting rush by rival shipowners to fix before a further fall compounds price drop
Aquasition Corp plans $50m offering New blank cheque vehicle launched by Greek shipping names
South America demand keeps MR tanker market alive Argentina and Brazil take cargoes as transatlantic trade declines
Box lines make rate increases stick Index shows that shippers accept price hikes
Diana agrees one-year charter for panamax purchase Melia fixed to STX Pan Ocean
NewLead returns bulk quartet to Lemissoler Agreement to wind up ill-fated 2010 leaseback is subject to finalisation
Evergreen set to trump rivals with 14,000 teu boxship deal Chartered tonnage will burn 25% less fuel
Iran sanctions cut Asian P&I cover China P&I Club seeks IG membership
Twin cruiseship cancellation a new blow for STX France Staff already working reduced hours
Pipeline blast hits Mediterranean aframax market Market loses 500,000 barrels per day
UK government advisers urge international regime on CO2 But Committee on Climate Change says British ships' emissions should be part of national reduction targets
Seafarers missing after ship sinks in East China Sea Cargoship en route from Papua New Guinea goes missing after storm
Shipowners must do more to prevent engineroom fires Adhering to Solas amendments 'has slipped', Gard says
Oil spilled off Japan LARGE amounts of oil are being detected off southern Japan, which coastguards believe to be from a missing Hong Kong-registered general cargo ship
New 'blank cheque' filed NEWLY formed Aquasition Corp is plotting a 'blank cheque' IPO targeting maritime acquisitions and a NASDAQ listing
Subscriber notice THERE will be no news bulletins on 6 or 9 April because of the UK holiday weekend
Duelling directors face off at Russian yard RUSSIA'S Northern Shipyard now has dueling directors
Transocean, Chevron again sued in Brazil A SECOND pollution lawsuit has been filed in Brazil against the rig operator Transocean and Chevron, IHS Global Insight reported today
China P&I pulls plug on crude from Iran CHINA P&I Club has decided to halt indemnity cover for tankers carrying Iranian oil, as of July, IHS World Markets Energy reported today
Viking-STX cruise talks fail STX FRANCE said today Viking River Cruises has decided to withdraw from talks about two cruise ships
Fire on Haiti ro-ro kills 1 ONE PERSON has been killed and another injured when a ro-pax caught fire in the Haitian port of Miragoane, Haiti Press Network reported
BC plans big export spending BRITISH Columbia Premier Christy Clark has unveiled a C$700M ($701.45) investment scheme for building export infrastructure
US Rail Traffic Mixed for Week U.S. intermodal rail shipments in the week ending March 31 rose 3.6 percent year-over-year and 4.5 percent from the previous...
Truck Drivers on Payroll Rise 2.9 Percent The number of heavy truck or tractor-trailer drivers employed increased last year for the first time since 2008, according to...
Hapag-Lloyd Sets Peak-Season Surcharge to India Hapag-Lloyd will impose a peak-season surcharge on eastbound trades from North Europe and the Mediterranean to the Indian subcontinent. ...
YRC Worldwide Reviewing Bids for Terminals YRC Worldwide received "multiple bids" for more than 60 facilities put up for sale via a sealed-bid auction and is...
TIGER Grant Demand Outpaces Supply 20-to-1 The $10.2 billion in requested Department of Transportation TIGER grants exceeded supply by a factor of more than 20, the...
S&P: Lack of US Infrastructure Plan Could Spur Credit Crisis Standard & Poor's said the U.S. government's inability to provide long-term infrastructure and transportation funding could create another credit crisis....
Salvaging a Damage Claim Q: A motor carrier damaged a 1,000-pound box of our product, a polymer. I filed a claim for $13,870, and...
Trucking Flashes Warning Lights Are trucking companies losing confidence in the economic recovery and slowing plans to replenish or expand their freight capacity? ...
Asia-Europe Freight Rates Jump 28 Percent Spot freight rates in the Asia-Europe trade jumped 28 percent this week as the general rate increases imposed by carriers...
China's Purchasing Managers' Index Jumps to 53.1 China's official manufacturing Purchasing Managers' Index jumped to its highest level in a year in March. Boosted by an...
Saudi Airlines Cargo to Add Service Into Bangladesh Saudi Airlines Cargo will continue its expansion into developing markets later this month by boosting capacity into Bangladesh. A...
Hutchison Port Holdings' Profit Jumps 14 Percent Hutchison Whampoa's ports division boosted profits by 14 percent last year despite flat volume growth across its global terminal network....
Lufthansa Cargo to Weigh Investment in Frankfurt Airport Lufthansa Cargo will make a final decision on investment at Frankfurt airport this summer after a court upheld a night...
INTTRA to Provide E-Commerce to WCA Family INTTRA will provide ocean shipping planning, management and optimization services to the freight forwarding group WCA Family under a strategic...
Last 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, ...
Samskip gains AEO certification Netherlands-based multimodal logistics operator Samskip has been certified AEO compliant by the Dutch customs, thus affording its clients priority treatment on ...
APL charts 30% emissions cut by 2015 Singapore-headquartered NOL's container arm APL said that it is 'on course to reduce a key carbon exhaust measure' by 30% from its global shipping operations in ...
ZIM takes steps to improve its Asia-Black Sea offering Haifa-based ZIM Line has announced a significant expansion of its involvement in the Asia-Black Sea liner market with extra sailings, additional ports of call and ...
LSCT geared up for bigger ships Contship Italia has added new equipment and modernised and upgraded existing cranes at its La Spezia Container Terminal (LSCT) as it prepares for a future in which ...
Euro crisis returns to haunt carriers Anxious to push on with a raft of GRIs, ocean carriers will be watching in dismay at the storm clouds once again hovering over their key European markets. The liners ...
Sonangol standoff continues Credit Suisse sees hope on the horizon for Tidewater as negotiations over the future of Angolan offshore venture roll on.
ORIG paves path for payout George Economou-backed drilling group poised to pay dividend after banks overhaul restrictive loan provisions.
Diana fixes out new addition New York-listed bulker owner ties up time charter for panamax acquired during $78m spending spree.
NEWL parts with dry quartet Cash-strapped operator turns in keys to three capes and a panamax six years early after striking preliminary redelivery pact.
Bondholders take to the street Direct action in Torre del Greco, why bankruptcy isn't for the pennyless and a master driven to defend his crew.
Cosco Corp faces tough 2012 Singapore-listed shipbuilder says cost control and diversification key to turnaround.
Leo Polemis branches out Well connected blank cheque shipping venture aims to raise $50m by way of US IPO for ill-defined shopping trip.
Tusla blast kills two Explosion on board platform supply vessel newbuilding at Turkish yard claims two workers' lives.
Skov steps up with new order Former Torm boss' new venture is lining up a three-ship deal at GSI while his old employer fights for its future.
Courage sheds another Hong Kong and Singapore-listed bulk carrier owner sells panamax for $5m.
Arbitration win for Frontline Court makes key ruling in marathon legal battle over a collision 12 years ago between a suezmax tanker and a jetty at a Sicilian refinery.
Case packs smaller bonus Clarksons chief's pay dropped in 2011, but his total package is still almost four times better than present capesize spot rates.
Tomorrow's news today TradeWinds' readers desperate for a look at this Friday's edition can see it in electronic form right now.
Viking River guns STX order Potential three-ship order from Torstein Hagen-led owner disappears as loan proves hard to come by.
Hellenic Sky sold off Fotini Karamanlis-led bulker owner sells eighteen-year-old panamax bulker to unnamed buyers.
Owner faces fine over Rena Costamare faces $500,000 hit from containership casualty off New Zealand.
Traf aids Colombian exports Top commodities trader is investing $27m to improve transportation of commodities along Magdalena River.
Gulf orders at SembCorp Pace of offshore ordering begins to pick up as Singapore yard wins jack-up rig deal from Middle East driller.
UK urged to target shipping emissions by end of 2012 'If we don't include these sectors, that would in effect be a lowering of the UK's carbon targets,' says David Kennedy.
Prices drop across the board High demand reported in Piraeus.
Hong Kong 'fully determined' to tighten sulphur standards Pressure growing to target shipping emissions as part of efforts to tackle air pollution in the region.
Prices mixed in Fujairah Average demand and good avails in Suez.
VT Group acquires seagoing tanker Vessel to be deployed in NWE region will be used mostly for bunkering, company tells Bunkerworld.
Founder of leading UK supplier steps down Paul Henty looks back at firm's history and thanks WFS for investment 'and the freedom to continue making Henty the success it is today.'
Grounded cargo ship leaks MGO in North Wales Environmental damage from the MGO leak expected to be 'minimal', says MCA spokeswoman.
S&P 'could consider a downgrade' of Hapag-Lloyd Persistent overcapacity and rising bunker fuel prices 'pose a significant risk' to base-case assumptions, says ratings agency.
Daina Shipping charged for Rena grounding The charge on the Greek shipowner relates to 'discharge of harmful substances' from the ship.
Bunker prices largely down at major Asian ports Healthy supplies of marine fuels at key Asian ports on Thursday.
Panama bunkering sector prepares for canal's expansion Panama needs to work on operational efficiency and offer competitively-priced bunkers, says market player.
Crew of arrested bulk carrier sues employer Sakhalin arrested for unpaid bunkers in Hong Kong in January.
VLCC owners 'most likely' to gain from higher bunker prices Shipbroker observes a declining trend in speed of crude carriers in line with high bunker prices, lower utilisation rate.
Indian refiner to stop fuel oil exports 'as early as May' Essar expected to stop exports when delayed coker unit in Vadinar becomes operational.
Singapore to adopt ISO 8217:2010 spec from July 2012 All bunker suppliers required to comply with ISO 8217:2010 bunker specs, unless otherwise agreed by the buyer, says MPA.
Torm reaches 'conditional agreement' with investor groups Banks and time charter partners expected to take a 'significant equity stake' in the company if the agreements are finalised.
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