Rickmers Maritime profits edge up Finance chief predicts 59% leverage by yearend
France hands EU Navfor baton to Italy European naval force targets five pirate groups in four months
Yards compete to land complex Norwegian chemical tanker order China's Hudong Zhonghua and Nantong Mingde compete against Korea's SPP
Sixteen-year-old VLCC sells for 30% premium over scrap Younger vessels sent for demolition just six months ago
Tanto sells 16-year-old panamax for 40% loss after just 16 months Golden Glory reported sold for $9.5m
The letter of the law More than 3,000 German-registered ships fly foreign flags, all of them illegally
Chinese shipping squares up to cargo owners CSA must think carefully about confronting its own key clients
Industry standards on ship-to-shore power connections completed For cruiseships and boxships using shore-based power, a uniform system in ports is necessary
Mats is a handy man Mats Berglund, new chief executive of Pacific Basin, looks to expand the Hong Kong original's core dry bulk business
First gas bunker supply chain to launch in North Europe Project targets key ports in the region's emission control area
Three LNG carriers head for UK as Japan's imports fall Cargo glut for 'dumping ground' Britain as Asian state slows demand
Indonesia to sign up to key IMO conventions Decision follows Sekimizu visit to Jakarta
On a knife edge Box line equilibrium hangs in the balance
Essar Shipping turns away Iranian crude Risk-averse shipping line halts shipments as sister firm continues to load
US east and Gulf coast talks highlight dockers' wages and benefits Negotiations continue between ILA and US Maritime Alliance
South Sudan to resume oil exports next month Breakthrough follows a new export deal between Juba and Khartoum
US warns shipping to beware bogus surveillance in Middle East Gulf Intelligence sources say suspicious activity may herald 'more specific interference'
Pirates attack Sea Trucks vessel off Nigeria Two guards killed and four crew kidnapped as west African incidents escalate
Box trade forecasts face downgrade as Asia-Europe volumes decline Higher freight rates should sustain revenues despite lower liftings
Fuchs takes over at P+S Former Sietas boss becomes chief executive of ailing yard
Pakistan shipbreakers pay top prices for scrap Gap widens between Asian rivals as Gadani pays top dollar for the right tonnage
Belgium and Italy give the green light to armed guards Belgium, Italy and Germany all make legislative moves to approve PMSCs
Hartmann stays in product tanker sector Leer-based shipowner to manage tonnage sold to private equity investor
Negmar expands LPG fleet Booming Turkish demand for auto fuel boosts small and medium-sized gas carriers
Residents stand firm against new Dover Harbour Board sell-off plan Lobby urges ministry to defend long-term investment and community role
Tsakos mulls expansion for LNG and shuttle offshoot Tanker owner more 'seasoned' than others in the segment
VLGC owners push rates up as charterers lose upper hand First real rise in three weeks after surprise cargoes come onto the market
Too little, but not yet too late India's government must offer sovereign cover to shippers of Iranian oil
Massive suit targets Carnival YET another Costa Concordia-related lawsuit has been filed against Carnival Corp - seeking $400M - by the estate of a violinist killed in the accident
Ernesto scatters Carnival's cruise ships CARNIVAL said today it had rerouted four cruise ships as Tropical Storm Ernesto headed towards Mexico's Yucatan Peninsula
Sanko sheds Capesize fleet SANKO Steamship has confirmed to Fairplay that it has redelivered some of its chartered-in Capesizes to their owners
Essar profits rocket 186% RUIAS-owned Essar Shipping said today net profits for its April-June quarter jumped 186% year on year
Discounted bulkers snapped up by S&P buyers ACTIVITY in the drybulk resale market has heated up, with 10 ships changing hands last week and discounted prices enticing investors
Linde and Bomin form LNG fuel supply JV GERMAN industrial gas supplier Linde and bunker supplier Bomin said today they are forming a maritime LNG supply venture in north European ports
Russia conforming metal levies with WTO rules RUSSIA is changing the current variable scheme of export duties on nickel and copper bulker cargoes to comply with World Trade Organization rules
India's demand to boost VLCC tonne-mile INDIA'S growing energy demands will boost VLCC tonne-mile figures, as Delhi sources oil from farther afield, UK broker EA Gibson has predicted
Leftover VLCC finally sold KNIGHTSBRIDGE Tankers has finally sold its 1996-built VLCC Hampstead after on-off attempts to sell it at a higher price
Titan returns three tankers FINANCIALLY troubled Titan Petrochemicals has returned three chemical tankers to the owner who sold them last week
Keppel, SMM seen hitting order marks KEPPEL and Sembcorp Marine order wins will undoubtedly hit a record this year, with "stronger-than-expected" contracts as the key catalyst, CIMB analyst Lim Siew Khee said today
US Domestic Intermodal Growth Slows, But International Moves Rise U.S. domestic intermodal growth slackened slightly as the economy slowed in the second quarter, but the transport of international containers...
Eight Air Cargo Carriers Get Court Approval for Price-Fixing Settlement British Airways and Chile's LAN Cargo were among eight airlines that got final court approval for a settlement in a...
Gibson Guitar, Feds Settle Lacey Act Case Gibson Guitar Co. agreed to pay a total of $350,000 to resolve a federal criminal investigation of allegations the company...
Roadrunner Buys Two Refrigerated Trucking Companies Roadrunner Transportation Systems acquired two refrigerated truckload carriers and expanded its credit facility to pave the way for more acquisitions....
Charterer Rickmers Maritime Posts Profit Container ship owner-charterer Rickmers Maritime reported a 4 percent rise in second quarter net profit but warned that charter rates...
Evergreen Adds Jacksonville Call Evergreen Line began regular service to Jacksonville with the weekend call of the Ever Unique, part of a joint service...
New UPS Asia-Pacific Head Says Asian Prospects Still Positive Global economic uncertainty is hurting Asian economic growth but the long-term outlook for logistics providers is still bright, according to...
Texas Commission Recommends Changes in Houston Port Authority At a time when cargo volumes moving through the Port of Houston are expanding rapidly, a commission set up by...
Cargolux Names Interim President and CEO Cargolux named Richard Forson as interim president and CEO of the cargo airline with immediate effect. Forson, currently senior...
Nippon Express Net Profit Drops 8.5 Percent Nippon Express Co., Japan's largest international freight forwarder, said that its net profit sank 8.5 percent in the first quarter...
APL Resumes Services to Aden, Yemen Singapore-based container carrier APL has resumed services to and from the Port of Aden, Yemen, after a two-week suspension. ...
Industrial Real Estate Staging a Recovery The industrial real estate market in the U.S. is bouncing back from the 2008-09 recession, but like the overall economy,...
Commentary: Betting on Derivatives Q: I've been reading about something called freight derivatives lately, and I have no idea what the term means. We're...
Railroads May Be Nearing Their Profit Ceiling The rate of profit growth major U.S. railroads can wring out of weak volume increases appears to be shrinking. ...
Commentary: Reflecting on Higgs and Highways With a single brief announcement on July 3, Rolf-Dieter Heuer marked the end of years of trials and tribulations. "I...
SeaIntel Analyzes Shippers' Gaps in Reliability When Danish research analyst SeaIntel released its ocean carrier reliability report for June, it revealed an interesting - and, for...
Lawsuit Puts FMCSA on the Defense After a brief off-duty break, the long-running battle over truck driver hours-of-service regulations is back on the clock, with trucking...
FMC's Decision on Canada Diversions Splits Commissioners When the Federal Maritime Commission launched an inquiry into shipment of U.S.-bound containers through Canadian ports, cargo interests and Canadian...
US jobless rate up Despite its economy adding another 163,000 jobs in July, the US unemployment rate rose from 8.2% to 8.3% last month, adding to incumbent Barack Obama's worries ...
Containers on a Mexican wave Ports in Mexico are among the fastest growing in the world when it comes to container traffic throughput performances with volumes up almost 17% in H1 12. The 2.32 ...
TSA 'optimistic' about GRI as transpac volumes strengthen Following last week's launch of the transpacific Stabilisation Agreement's (TSA) recommended general rate increase (GRI) its executive administrator Brian ...
Maersk Strategy on track At least that is what Nils Andersen, group ceo of AP Moller-Maersk Group (APMMG), has revealed in the latest issue of 'Maersk Post'. He was of course referring ...
World Bank to aid Nigeria infrastructure investment The Washington (DC)-based World Bank is set to lend Nigeria USD200 million to help the country improve its infrastructure. While the country has significant economic ...
OOCL gears up for new Long Beach terminal with equipment order Orient Overseas International Limited's container shipping arm OOCL is already preparing for its lease of Californian Long Beach port's Middle Harbor terminal after ...
Sea Connect links UK with Russian demand Lithuania-based domestic container and feeder operator, Sea Connect has extended its St. Petersburg schedule to include a UK call at the Port of Tyne [South Shields]; ...
Matson posts mixed results Matson has announced a mixed set of inaugural results since its separation from former parent Honolulu-based Alexander & Baldwin and its life as a listed ...
Clarksons backs spin-off Clarkson's Capital has thrown its weight behind Tsakos Energy Navigation's plan to spin-off its LNG and shuttle tanker fleets.
Knight lands lifeline
Baltic's $1bn bonanza Russian yard wins contract to build giant ice-breaker for compatriot Atomflot.
Jaya sheds a second Jaya Offshore of Singapore has sold its second anchor-handling-tug-supply newbuilding in as many months.
Swiber prints again Singapore's Swiber Holdings has pocketed SGD 150m ($120m) from its ongoing notes push.
Profit boost for Essar Profitability of Essar Shipping has soared despite tough times in many sectors of the market.
Double joy for Marco Marco Polo Marine has doubled its second quarter net profit despite revenue being sliced by a third.
Rickmers inches up Rickmers Maritime has turned in a slightly improved second quarter profit.
Petrobras greenlights rigs Brazilian giant Petrobras has signed off on a series of 12 drilling rigs to be built in Brazil.
Tsakos plans MLP trick Tsakos Energy Navigation is looking to take a lead from John Fredriksen's box of tricks and spin-off its LNG and offshore activities into a master limited partnership (MLP).
Bahri to plug gap Bahri Dry Bulk is looking to charter a series of dry-bulk carriers to fill the gap before its newbuildings hit the water.
USCG rescues crewman A seafarer has been seriously injured in an engine room fire on a containership off southern California.
Steady at CH Offshore CH Offshore has seen little change in full-year net profits, but despite this shareholders are in line for a bonus dividend.
Milaha profits inch up Milaha, formerly Qatar Navigation, has seen a 5.5% increase in first half results despite stagnant growth in revenue.
More joy for Genco Genco Shipping & Trading saw its shares surge for a second day in a row Friday in the wake of its deal with lenders.
Two killed off Nigeria Robbers have attacked two offshore vessels off Nigeria Saturday killing two men and taking four others hostage.
U.S. exports slow, but equipment imbalance remains The value of goods and services exported from the United States during the first five months of the year increased 5.6 percent from the same period in 2011. Overseas shipments of goods climbed 6.3 percent.
Tosca buys GP's plastic container division
Truckload carriers wary of CSA compliance costs According to a recent survey of over-the-road carriers by the advisory firm Transport Capital Partners, three quarters of trucking companies believe their costs per driver to adhere to new CSA standards will be more than $500.
Hapag-Lloyd sets low-sulfur NA fuel charge The German line will introduce and revise its low-sulfur fuel charge, effective Sept. 3, for its transatlantic services to account for an emissions control area (ECA) off the coast of North America that went into effect on Aug. 1.
TOTE to convert 2 Alaska ships to LNG
Maersk's West Africa push
Fujitsu chooses Cincom for kiosk logistics
Charaf named Delta's cargo chief He replaces Neel Shah, who recently stepped down from the position. Charaf, a 16-year veteran of the airline including four years as head of Delta Cargo, will maintain his current role as president of the airline's technical operations.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
