Euroshore International elects new chairman Darren Laguea from Gibraltar has become the new chairman of the association Euroshore International. The Belgian national Hylke Dirickx was elected as his deputy. Euroshore is an i...
MSC Germany joining the SPC MSC Germany, the national liner agency of Geneva (Switzerland)-based Mediterranean Shipping Company (MSC), the world's second-largest container shipping line, is joining the associ...
Dave Ebbrecht of KCS elected to Railinc board Dave Ebbrecht, executive vice-president of operations at rail service provider Kansas City Southern (KCS) and its US subsidiaries, was recently elected to the board of directors of...
Fifth IL-76TD-90VD freighter joins Volga-Dnepr Airlines' fleet The Russian carrier Volga-Dnepr Airlines has added a fifth new IL-76TD-90VD cargo aircraft to its fleet. The modernised 50 t capacity freighter performed its first commercial flig...
LUG handles SAA Cargo in Munich The air cargo handler LUG has added South African Airways (SAA) Cargo to its Munich customer portfolio on 1 July. LUG is one of the most innov...
BNSF investing in Oklahoma to maintain and improve rail capacity BNSF Railway Company (BNSF), one of North America's leading freight transportation companies, plans to invest an estimated USD 92 million on maintenance and rail capacity imp...
TFG Transfracht now fully integrated into Deutsche Bahn The transfer of all shares in TFG Transfracht, Europe's market leader in containerized seaport hinterland transportation services in Germany, to Deutsche Bahn has become legally va...
USA: Schneider National Trucks and Commercial Fleet Financing strike a truck ownership deal In an effort to further help small business owners in the trucking and transport market, Commercial Fleet Financing (CFF) is working with Schneider National in the USA to provide a...
Volvo Group opens new facilities in Peru The Volvo Group has opened a new base of operations in Lima (Peru). The USD 17 million, 56,500 sqm facilities serve as a hub for commercial vehicles. The Peruvian base will provide...
4,200 An Post posties deliver top notch service with Zetes track & trace An Post, Ireland's national postal operator and one of the country's largest employers, has completed a major project with Zetes to enhance its customer delivery service levels. Th...
MR tanker orderbook growing dangerously Rise in orders sparks fears that recovery will be stifled by an upset in the balance between supply and demand
Lockout threatens to halt Norway's oil production Escalating pension row could wipe 2m barrels from world market
CMA CGM to bid on second box terminal at Abidjan French container giant offers up to $312.7m
Marco Polo banks opt to foresake pools Five ships to leave Handytankers, Aframax International and Global Tanker after repossession
Oil supplies hold firm despite Iran sanctions Tehran's loss is Riyadh's gain as Asia turns to Saudi crude
Yildirim aims to become an international ports player Ambitions in the port sector can dovetail with group's other commercial ventures
Gas carriers, the canal tolls for thee Liquefied natural gas carriers hope that tolls to transit the canal are not too high
Double whammy hits VLCC spot market Refinery shutdown and Saudi companies' deal to merge tanker fleets undermine very large crude carriers
Moves to solve the eurozone crisis threaten US recovery Key challenges include how Europe resolves its debt crisis and consumer nervousness
So Germany is a problem too? The US is at direct risk from the crisis-hit eurozone's core, says the IMF
Berlin Commerzbank crisis talks end in impasse Government and banks will meet shipowners to discuss ways to back ship finance
Expenditure on LNG industry to hit $169bn over next five years Liquefaction projects to dominate expenditure
Banks continue to push up ship finance pricing Consultant sees margins climbing 'month by month' and an increased queue of owners at the door of Chinese banks
Diana Shipping bets on weak 2014 capesize market Greek owner charters out capesize on two-year contract for just $13,000 per day
Shipowners face seafarer lawsuits after landmark case against Maersk Ex-chief officer wins large pay-out after long hours lead to ill-health and early retirement
Belfast's record volumes lift profits Northern Ireland's largest port posts 2010-2011 results showing 14% rise in freight vehicles and a 7% rise in throughput to 17.6m tonnes
High supramax rates baffle brokers Charterers may choose cheaper bulkers if earnings strength continues
US dockers' wage talks to resume on July 18 ILA reports 'encouraging' developments in high-stakes negotiations
Shareholder class-action lawsuits target General Maritime bosses New York complaint accuses Georgiopoulos, Tavlarios and Pribor of fraud
Factions split IMO polar code talks Divisions over detail threaten March draft proposal deadline
Security industry wants to train navies PMSCs argue they could assist overstretched international naval forces
Yangzijiang yard makes way for malls Shipbuilder takes $113m pay-off as Jiangyin authorities plan waterfront properties
Asian shipowners lobby against Panama Canal toll increase ASF says short notice for higher charges adds to shipping industry's woes
Flurry of sales as Greek bargain hunters buy four capesizes in a week Just 10 reported sales in first-half 2012
Cargo outlook remains 'critical' for China shipowners Shanghai shipping prosperity index will decline in third quarter
Wait a minute Euphoria seems misplaced over fortunes of Asian boxlines
MSC halts northern Europe-Asia and Middle East box bookings Container operator says it has no eastbound slots to spare on its ships
Maersk Drilling to pump up to $8bn into building seven new platforms Chief executive Hemmingson looks beyond current dip in oil price
Passenger Shipping Association appoints P&O manager chairman Johnson takes the helm as cruise operators face turbulent times
US court grants Sanko temporary stay against creditors Bankrupt owner says the decision gives it 'necessary breathing room' to plan
SINOPEC plans oil port SINOPEC plans to build an oil port at Lianyungang with draught and facilities for tankers up to 300,000dwt, IHS World Markets Energy reported today
Sulphur proposal hailed FRENCH owners have welcomed an ECSA proposal to exempt some vessels and shipping routes from stricter marine fuel sulphur limits until 2020
Buying into Russian grain A PRIVATE Russian agribusiness group said it has sold a 10% shareholding to Mitsui & Co, giving that Japanese group preferential trading rights
Iran/China oil cargoes stall A DISPUTE between National Iranian Tanker and China's SINOPEC over freight costs has delayed delivery of 12M barrels of Iranian crude, IHS World Markets Energy reported today
Older ships seen as Arctic safety hazards OLDER ships pose the most dangers on polar routes, a shipping conference was told today at the London headquarters of the Royal Institute of Naval Architects
Gunvor aids Congo inquiry GUNVOR, the influential Russian oil trader based in Geneva, has confirmed its co-operation with a criminal investigation by federal Swiss police and prosecutors
ICTSI acquires all of Indonesian port facility PHILIPPINES port operator ICTSI confirmed to Fairplay today it now fully owns a port facility in Indonesia's Tanjung Priok
Sanko granted US Chapter 15 protection SANKO Steamship, which filed for bankruptcy protection in Japan on 2 July, said today it has received Chapter 15 relief in the US
CMA CGM bidding for Abidjan terminal CMA CGM has joined the bidding for building and managing a second box terminal at Abidjan in Ivory Coast
Yangzijiang shares surge SHARES of Singapore-listed Yangzijiang closed higher today after the Chinese builder said it would receive a payout for relocating its yard in Jingjiang, Jiangsu province
NOL lays off 500 workers SINGAPORE'S NOL has laid off about 500 workers globally, as it restructures to improve earnings, Fairplay was told today
Stena confirms orderbook boost SWEDEN'S Stena Bulk and Concordia Maritime said they have ordered four MR-class chemical/products tankers at Chinese builder Guangzhou Shipyard International
Australian wheat exports seen imperiled AUSTRALIA's wheat exports might drop almost 10% year on year to 20.5M tonnes in 2012-13 because of dry weather, the US Department of Agriculture has warned
Drybulk knock-on from Panama feared THE PANAMA Canal's expansion will cut tonne-mile demand for drybulk shipping once it is completed in 2014, a shipbroker warned today
US Major Railroads See Intermodal Volume Rise 7 Percent Intermodal shipments on major U.S. railroads in the week ending June 30 rose 7 percent year-over-year and 3 percent compared...
Class 8 Truck Orders Stall in 'Soft Patch' Heavy duty truck orders were soft in June, as motor carriers concerned by rising truck prices, tight financing and a...
Long Beach Offers Rail Incentives to Shipping Lines The Port of Long Beach plans to provide an incentive payment to ocean carriers in hopes of attracting more intermodal...
DP World Sells Australia Terminal Stake for $138 Million DP World Australia said it received $138 million from the sale of its 60 percent shareholding in Adelaide Container Terminal...
Slow Economy Not Hindering Transport Acquisitions Trucking operator Saia didn't have to look far for a logistics company to buy - Robart Transportation was only about...
US Files WTO Complaint Against Chinese Auto Duties The United States on Thursday filed a trade complaint with the World Trade Organization challenging Chinese duties placed on more...
Asia-Europe Rates Rebound After Eight Weeks of Declines After eight straight weeks of declines, average spot rates on the westbound Asia-Europe trade jumped by 13.1 percent on July...
ODFL Expands in California, Florida Trucking giant Old Dominion Freight Line is expanding its less-than-truckload network, opening new terminals in Southern California and Florida. ODFL...
CMA CGM in Consortium Planning Abidjan Container Terminal Bid French ocean carrier CMA CGM said it is a member of a consortium that plans to bid and invest between...
Indian Court Stays Decision on Rate Cut at Nehru Terminals An Indian High Court of Appeals temporarily set aside tariff reductions ordered by port regulator Tariff Authority for Major Ports...
Brazil Customs Slowdowns Continue Slowdowns by Brazilian customs offices continue to delay shipments at seaports and airports. Customs officers last month announced plans...
Trans-Pacific Spot Rate Falls for First Time in Three Weeks Average spot rates on the eastbound trans-Pacific trade lane fell 6.7 percent this week, in the first drop since carriers...
Panalpina Opens Four Global Logistics Centers Panalpina, the global freight forwarding and logistics group, has opened four new logistics competence centers around the world, supported by...
Hapag-Lloyd Extends Europe-Asia Peak Surcharge Hapag-Lloyd said it plans to extend a $250 per 20-foot container peak-season surcharge imposed May 1 on Europe-Asia trades through...
T.S. Lines Joins China-India Express Service Taiwanese ocean carrier T.S. Lines is joining the China-India Express (CIX) service operated by Hyundai Merchant Marine, effective this month....
Interest in Abidjan terminal grows Interest in the bidding for the second container terminal in the port of Abidjan, Cote d'Ivoire, appears to be growing if local reports are anything to go by, with ...
It is all about confidence There is nothing more intriguing than hearing the views from those at the sharp end of an industry on how they see the future. The quarterly Shipping Confidence ...
Norbert Dentressangle gets further into forwarding Norbert Dentressangle has agreed to take over the freight forwarding activities of the Sri Lankan conglomerate John Keells Group following a share purchase agreement ...
TCB gears up for tougher competition Barcelona Container Terminal (TCB) has taken delivery of six new straddle carriers from Terex in order to improve operational efficiency. The equipment can stack ...
Warning signs for US economy A key barometer of the US economy the Institute for Supply Management Index plunged dramatically in June to register 49.7 - the first time that the index has fallen ...
Ngqura's upgrades continue Durban (South Africa)-based Transnet Port Terminals (TPT) is to commission two new super post-panamax ship-to-shore gantry cranes at its Ngqura Container Terminal ...
ICTSI 'ramps up' handling capacity at MICT Manila-based International Container Terminal Services Inc (ICTSI) has commissioned a sixth berth at its flagship Manila International Container Terminal (MICT) ...
MSC acquires stake in Crossrail MSC has acquired a 10% stake in Switzerland-based Crossrail, one of Europe's few remaining independent railway companies. The move forms part of a long investment ...
DP World sells Adelaide terminal DP World has sold its 60% shareholding in Adelaide Container Terminal to its partner Flinders Ports. The latter now has full control of the facility, which was ...
Gefco to take over majority of GM logistics in Europe General Motors and PSA Peugeot Citroen have reached a long-term, exclusive agreement to transfer the majority of GM's logistics business in Europe to Gefco in 2013. ...
'BLT not Eitzen' Stolt-Nielsen has played down its interest in taking over the fleet of struggling compatriot Eitzen Chemical.
Crewman dies on tanker
Penn backs under fire Baltex Baltic Exchange chief executive Jeremy Penn has rallied to the defence of the organisation's online trading platform Baltex following heated criticism at today's annual shareholder's meeting.
Don't rescue me!
Diana takes another hit Diana Shipping has inked its second period charter of the week at a huge paycut.
Sanko: "We will survive" Hisashi Asafuji, newly appointed president of Sanko Steamship, is promising he will rebuild the company after putting it into court receivership but is warning owners he wants to renegotiate contracts and axe its most costly charters to save the company.
Chinese yard fails to recover Chinese shipbuilder Yangzhou Guoyu has failed in a bid to get summary judgment against Emporiki Bank over a payment guarantee on a supramax newbuilding.
Saade plots $300m splash CMA-CGM is ready to take part in a $300m container terminal project in the Ivory Coast, according to Rodolphe Saade.
Greek in cape press Dynacom has expanded its presence in the depressed capesize market after completing the purchase of a former Deiulemar newbuilding, brokers say.
OCBC praises NOL efforts A combination of higher freight rates, lower bunker prices and tough cost cutting measures should spell a turnaround in fortunes for Neptune Orient Lines, an analyst has said.
Cargoship lost off India A Maldivian vessel has been arrested after a towing operation led to another cargoship sinking off India.
Dockwise into the 90s Dockwise has tightened its grip on Faristar after grabbing another batch of shares in its rival.
DFDS clicks into gear
Boson no help for bulk There are lots of Higgs bosons around but the discovery that is making headlines around the world appears to offer no short term solution to the crisis in dry bulk shipping.
Windfall proves costly
Win win for Yuanlin Relocation of Yangzijiang Shipbuilding's Jiangsu yard has played into the hands of the Singapore-listed company, analysts say.
Sanko to defend assets Bankrupt Japanese shipowner Sanko Steamship has vowed to take whatever legal action necessary to protect its assets from creditors worldwide.
Stolt strong in second Stolt-Nielsen's second quarter results have stacked up well against market expectations.
Traf boosts LPG presence Trafigura has expanded its presence in Africa's LPG business with the acquisition of a terminal in Senegal.
Pallas wins charter cash
Japan eyes Iran bookings Japanese shipowners are expected to charter out two VLCCs to lift Iranian crude in late July, the first bookings since EU sanctions created a P&I headache.
NOL completes cutbacks Neptune Orient Lines (NOL) says it has completed the organisational restructuring plan unveiled in May.
Ultrabulk orders ECO ship Ultrabulk is the latest shipowner to join the ECO-design bulker newbuilding bandwagon with orders for up to two ships.
Maersk seals Statoil gig Maersk Drilling has secured a potential three-year charter from Statoil for one of its jack-up drilling rigs.
FedEx finalizes Rapidão Cometa buy The Memphis, Tenn.-based company said this is the latest step in an overall strategy for growth in Latin America and the Caribbean. It first announced the intent for acquire Rapidão Cometa at the end of May.
Celadon buys Hinder Transport assets
Ex-Commerce secretary not charged in auto accidents John Bryson has been absolved of any wrong doing in a series of odd hit-and-run accidents last month in Southern California that led to his resignation, according to multiple news accounts.
FMC reviews 20 OTI license applications
Africom builds logistics services for Africa
Transcom contracts worth $6 billion
Export.gov Website to get facelift The U.S. Commerce Department portal, loaded with news, advice, tutorials and information about programs across the federal government, is designed to help companies get started exporting or expand their activity.
Hapag-Lloyd seeks increased Asia-Europe revenue
Toll sells refrigerated truck business
Panalpina opens 4 best practices centers
U.S. fleet laments transportation bill provision U.S.-flag shipping advocates are expressing alarm over a provision in the surface transportation bill passed by Congress last week that they say could result in a third less food aid cargo being transported on U.S.-flag vessels.
Bunker prices climbing in Middle East and Africa Price trends mixed in Durban.
European markets firming on Thursday Quiet market in Hamburg.
ExxonMobil introduces 'variable-sulphur cylinder oil' Mobilgard 560 VS can 'enhance operational performance'.
Emulsion-fuel producer forges new business link Quadrise hopes to leverage Nexidea's position as an adviser to refiners in Central and South America.
Julian Macqueen joins Petromedia 'His extensive experience in reporting on the Maritime Sector will prove invaluable,' says Petromedia CEO.
Iran discusses nuclear-powered merchant ships Legislators call for merchant fleet that 'would not need to bunker in foreign ports'.
Fuel oil stocks in Singapore hit two-year high Rising July market attracts more fuel oil cargoes.
Bunker prices make gains in Asian ports No problems with avails.
Chinese coastal fleet seeks international business Vessels could have 'massive impact on the international freight market'.
Ultrabulk marks first 'eco-ship' order Danish owner chalks up first eco-ship order.
Malaysian 'bunker island' project seeks 30 year tax break Asia Petroleum Hub has rights to construct and operate bunkering facility on island off Johor.
Widening price differentials hit Chinese bunker sales Sinopec Zhoushan saw bunker sales fall 7% in June.
Pertamina plans $1.5 billion upgrade for Borneo refinery Balikpapan refinery produces a variety of petroleum products including marine gas oil.
Bunkers Gibraltar charters bunker tanker from Swedish firm M/T Pallas Glory is 3,350 dwt.
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