Demand for medium-range product tankers to rise this year The richest investors in shipping are buying petrol tankers, anticipating that fuel demand will expand faster than the fleet for the first time in nine years.
Surplus of tankers stays at year's high for 2nd week A surplus of the largest oil tankers competing to load crude at Persian Gulf ports remained at this year's highest level for a second consecutive week.
Hoyer special containers fly perishable confectionary ingredients to India Since mid-February Hoyer, a traditional, independent family enterprise headquartered in Hamburg and one of the world's leading bulk logistics providers, has been using heatable int...
Record volumes for Muscat and Salalah airports in January Muscat Airport and Salalah Airport in Oman reported a dramatic rise in cargo traffic in January 2012. Muscat noted a 22% rise in the air cargo traffic, taking the tonnage to 9,075 ...
Kögel to be pedigree manufacturer of box bodies The panel competence centre in Duingen, Lower Saxony (Germany), has been a member of the Kögel group of companies since the end of 2011. Kögel, Europe's third largest manufacturer ...
Contargo takes over Wincanton's container activities The German transport service provider Contargo has taken over six terminals from Wincanton and purchased shares in another three sites. All of these facilities have been integrated...
Crossrail contractor awards major contract to GBRf Crossrail tunnelling contractor BFK has awarded GB Railfreight (GBRf) a major contract to move over 1 million t of excavated material from a tunnel portal at Westbourne Park in wes...
Zufall Logistics expanding in Germany The Zufall Logistics Group, a one-stop German logistics service provider based in Göttingen, recently took over Night Star Express's distribution zone in the Dortmund and Hagen reg...
Kuehne + Nagel introduce active wireless sensors for airfreight real-time temperature control The Switzerland-based logistics service provider Kuehne + Nagel is setting new standards in the handling of pharmaceutical products. As part of its KN PharmaChain product, the comp...
More containers on Hamburg-Poland route The port of Hamburg (Germany) noted a substantial increase in the number of containers that it handled for Poland in 2011. This follows a slight decrease in 2010. Boxes on feeder s...
Containerships now serving Pori Containerships, the Helsinki-based shipping line, is now serving the Finnish port of Pori. Weekly departures are available from Pori to Sodertalje, Klaipeda, Teesport, Sheerness an...
DSLV welcomes plans for gigaliners The German forwarding and logistics association (DSLV) welcomes the EU Commission's plans to partially allow longer and heavier trucks (LHVs) on international routes. The DSLV prom...
Saudi Airlines Cargo to introduce new service from Saigon Saudi Airlines Cargo is to launch a new B747 freighter flight from Saigon (Vietnam), on 25 March 2012. In combination with its Hong Kong flights, the service will be operated twice...
Scan-Trans appoints new CEO The shipping company Scan-Trans Worldwide has appointed a new chief executive officer with immediate effect. After a successful turn-around process, the board of directors selected...
Downturn deters investment in green shipping recycling Owners under pressure to scrap for the highest possible price
Bridging the Strait The fortunes of Algeciras and Tangier Med are closely interwoven
CMA CGM reports a $30m loss for 2011 The shipping line says it will buck the trend and end this year in profit
The equipment purchaser's dilemma Shipping needs equipment that works perfectly to avoid vessels being declared deficient in a port state control inspection
Goldenport hikes dividend after return to annual profit UK-listed container vessel and bulker owner increases revenues on larger fleet
Firefighting capacity cut to a handful of coastal counties Swathes of UK left without cover after Maritime Incident Response Group axed
End of MIRG disappoints UK's shipping industry Chamber of Shipping wanted to retain cover at key locations
Senior firefighter slams decision to axe MIRG Retain MIRG, argues Kent fire chief
German wing of UniCredit retains shipping team Bank still looking for the right deals, Janssen confirms
High bunker prices are here to stay Structural changes include falling fuel oil yield
Shell reports 'boom' in technical failures on chemical tankers Oil major blames lack of trained engineers and construction at cut-price shipyards
Surge in Asia-Europe spot box rate lifts charter market's mood Containership owners hope increased freight will translate into higher prices
Box profitability index hits record low Danish shipping lender says market outlook is weak in 2012
Cruise reform likely before Costa Concordia investigation concludes Industry bodies wary of unnecessary regulatory changes
Cheaper Indian rail freight could boost iron ore exports Move counters national drive to put domestic steel production first
LR tanker locked in to low rate for three years Formosaproduct Alpine will reportedly earn little more than operating cost
Only one UK fire service confirms it will maintain maritime capability Scrapping of Maritime Incident Response Group takes effect at end of this month
CMA CGM pioneers new-style customer contract Innovative approach to index-linked pricing could offer lines and shippers protection against volatility
Nuntius joins the Rule B queue against Allied Maritime Illinois complaint seeks redress for alleged loss suffered due to overdue ship redelivery in 2009
UK standards for armed guards will be in place by end of the year International regulation to follow in 2014
Shanghai official calls for 'free trade towns' Further integration between ports and townships urged to promote urban development
Firefighting cuts The UK's Maritime Incidents Response Group has had only half a dozen callouts since its inception in 2006, but the point is that MIRG operates by way of an insurance policy
New regulations could drive chemical tanker owners out of business Soaring compliance costs threaten companies' survival
Dockers lock horns with bank Occupy protests reach Italy as ship workers seize UniCredit-owned ship
Qingdao Port to commission iron ore terminal that can receive valemaxes But berth with nominal capacity of 300,000 dwt may operate below capacity
Norden profit falls by $157m Results for 2011 beat forecast, but Danish shipowner expects 2012 to be more challenging
Shanghai port boss forecasts lower box growth Chen predicts 3%-5% increase in volumes to as China's economy slows
Diamantopoulou to head Greece's development and shipping ministry Owners unimpressed as ministry structure remains unresolved
Cosco Pacific plans further expansion in Fujian province Cosco's Hong Kong-listed unit to own up to 40% of southeast China ports group
ReCAAP gets another five years in Singapore Anti-piracy information centre seals agreement for hosting headquarters
Tankers face US headwinds THE EIA has lowered its forecast for US liquid fuels demand, weighing the outlook for tanker imports
Yangzijiang eyes ship leasing arena SINGAPORE-listed Chinese shipbuilder Yangzijiang said it is considering entering the ship leasing business with compatriot banks
Allied tagged again GREEK charterer Allied Maritime has been hit with another US lawsuit, despite its plea to counterparties for forbearance
Greek shipping chief named ATHENS has named former European commissioner and Socialist politician Anna Diamantopoulou as its new shipping minister, IHS Global Insight reported today
Bourbon returns to profits FRENCH offshore vessel operator Bourbon has swung back to profits during the second half of 2011
Panalpina seeks market share in freight sales GLOBAL freight forwarder Panalpina today vowed to focus on building market share in freight sales and management after moderate growth in 2011
Avast! 'Pirates of Trapani' are angry AN OIL tanker has reportedly been seized in Sicily by angry Italian crew members who dubbed themselves 'the Pirates of Trapani'
Breaker sales exceed '11's OWNERS are selling more vessels for demolition than during this period of last year, a shipping analyst has calculated
China's caustic soda exports grow CHINA'S caustic soda exports soared to a record of 2M tonnes in 2011, consolidating its status as the world's biggest caustic soda exporter, IHS Chemical reported
Drybulk snarls ease again DRYBULK port congestion has dropped for the third straight week, as ship day delays in the major coal ports decreased by 10%, while dropping 11.5% in iron ore ports
VLCC rates hovering BROKERS told Fairplay today VLCC rates are expected to remain even at best this week, with tonnage remaining ample for cargoes to be covered for the last week of March
Norden's net profits fall steeply DS NORDEN, the listed Danish drybulk and product tanker company, said net profits fell in 2011 to $87.8M, from $244.8M a year earlier
Static drybulk rates seen HIGH IRON ore inventories and slow coal demand in China mean that drybulk rates are likely to remain static until 2Q2012, RS Platou has predicted
Tilbury-Gothenburg container link opened THE UK-based unit of French box giant CMA CGM, MacAndrews, has reportedly opened a service linking Tilbury with Sweden's Gothenburg
ICTSI profits rise 33% PHILIPPINES port operator ICTSI's profits for 2011 rose 33% year-on-year to $130.5M
Senate Would Act Quickly on Transport Bill, Boxer Says The Senate could pass a transportation bill quickly whenever Senate leaders agree to a package of amendments for debate, Sen....
Villaraigosa: Infrastructure Investment is a Must Mayors from throughout the U.S. are standing by their call urging Congress to enact multiyear surface transportation legislation, which would...
Maersk to Launch India-East Africa Service Maersk Line will launch a container service connecting the Indian subcontinent, the Middle East and East Africa, starting in early...
Wilcox Savage Expands Maritime Law Practice Industrial law firm Wilcox Savage is expanding its maritime practice in the port city of Norfolk, Va., adding attorneys Christopher...
CMA CGM Lost $30 Million in 2011 CMA CGM swung to a net loss of $30 million in 2011 from a $1.6 billion profit in 2010 but...
Panalpina Climbs Back Into the Black Panalpina swung to a profit of $139.7 million in 2011 from a 2010 loss of $28.6 million as the Swiss...
Sourcing Alternatives Challenge China's Dominance Manufacturers are looking for lower-cost sourcing locations as China's wages rise well above those in other emerging markets. ...
Hapag-Lloyd Hikes East Asia Rates Hapag-Lloyd is seeking a series of general rate increases on East Asia services, as part of a new rate restoration program....
Strike Is Possible, ILA's Daggett Warns International Longshoremen's Association President Harold Daggett warned of a possible ILA strike if the union can't secure acceptable terms in...
Indexed Ocean Contracts Catching On, But Slowly Multiyear contracts indexed to freight rates are slowly starting to catch on in global trade lanes as a means of...
Panalpina and Ceva improve in 2011 Panalpina and Ceva improved their financial performance in 2011 despite adverse market conditions, underlining the stability of freight forwarders compared to ocean ...
Colombia's river Magdalena to be upgraded A significant stretch of the Magdalena river in Colombia is to be upgraded and its navigable channel improved in a bid to improve the movement of goods from the ...
ICTSI posts strong results International Container Terminal Services Inc's (ICTSI) strategy of investing in medium size regional ports and cargo-handling facilities is paying off with the ...
Investors' angst as Greek deal goes to the wire As the 20:00 GMT tomorrow [Thursday] deadline approaches for the terms of the EUR130 billion second bail-out for debt-ravaged Greece to be realised, equity investors ...
Auckland sacks its striking dockers The industrial action-plagued New Zealand Ports of Auckland has announced that it intends to dismiss its striking dockers and contract the work out, but will give ...
INTTRA takes trading of containerised goods into 21st Century INTTRA has introduced a multi-carrier and multi-bank electronic Bill of Lading (B/L) service that enables shippers to get paid faster for goods sold under letter ...
ILA president goes to war on eve of US longshoremen negotiations Labour contract negotiations between the International Longshoremen's Association (ILA) and the US Atlantic and Gulf ports later this month look set to be stormy ...
Chassis antitrust immunity slammed by shipper at TPM Concerns were raised yesterday at the Long Beach-hosted JOC TPM about the recent antitrust immunity granted to chassis manager Consolidated Chassis Management (CCM) ...
New medium-voltage power drive launched Drive is able to offer medium voltage solutions with increased efficiency and redundancy, which leads to lower fuel consumption and reduced operating costs.
Horizon Lines' green initiatives see financial and environmental rewards Company has reduced fleet fuel consumption by 3.5 percent and cut emissions by an estimated 231,000 tonnes.
Sustainability goes 'hand in hand' with commercial success Asia takes up the banner of sustainability, says Jonathon Porritt.
Uncertainty 'most significant' barrier to uptake of GHG reduction solutions EU study underway to analyse market barriers that prevent uptake of cost effective abatement opportunities and how to surmount them.
CMA CGM back in the red 'Bunker prices soared 34% over the year,' says container shipping group.
Prices soften in Fujairah Prices falling in South Africa.
European market softened Rotterdam prices barely move.
Container sector 'facing new phase of consolidation' 'Container industry will shrink to seven to 10 carriers by 2020.'
Indian Shipping Corp. expected to hedge bunker purchases Bunker costs made up 34% of its total expenditure in the final three months of 2011.
Bunker prices falling in Asian ports Players report 'above average' demand.
Green Award certified ships offered discount on oil recovery system Offer made after French firm joined Bureau Green Award as an incentive provider.
German firm offers ultrasonic desulphuriser for fuels Hielscher ultrasonic systems 'able to remove sulphur from bunker fuel.'
Shipping industry to 'move towards' using LNG as bunkers Gazprom to discuss the subject at a joint seminar next month.
Brightoil: Volumes Clarification Sales volumes for H2 were 6.6 million metric tonnes.
WFS declares quarterly cash dividend Dividend stable even as the company posted 'record' earnings for full year 2011.
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