Baltic index slides to its lowest in nearly five months The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in nearly five months as a slump in cargo trade and a growing vessel surplus took their toll.
Transnet Freight rolls out scheduled trains in South Africa Transnet Freight Rail has begun implementing its scheduled railfreight services in South Africa. The first part of the schedule concerns the corridors of Phalaborwa/Maputo/Richards...
Indian Railways carries 618 million t of freight Indian Railways carried 618 million t of revenue-earning freight traffic between April and November 2011. Freight increased by 24.6 million t over the volume of 593.4 million t car...
Toll Group's head of strategy and M&A leaving Toll Group, an Asian regional provider of integrated logistics, has announced the retirement per 30 June of Stephen Stanley, its long-standing head of strategy and mergers and acqu...
Heavy goods vehicle rest area to be built near Grong Grong Long-distance truck drivers and other regular users of the Newell highway will soon have an additional place to pull over and take a break or catch up on their sleep by mid-2012, f...
Volvo delivers 45% more trucks Deliveries of Volvo trucks rose in November by 45% over the same period of the previous year, to 11,300 trucks. Total deliveries in Europe for November came in at 4,400 trucks, an ...
Project Professionals Group starts year with new members The Project Professionals Group (PPG), a heavylift forwarding network, has made a successful start to 2012, with new members from Nigeria and Taiwan joining. PPG general manager Ke...
TX Logistik promotes Norbert Rekers to intermodal head Intermodal sales manager Norbert Rekers will assume the management of TX Logistik's intermodal unit on 1 February, succeeding Patrick Zilles, who is stepping down of his own accord...
Rieck adds airfreight office to Düsseldorf branch The Berlin-based Rieck Logistik Group added an airfreight office to its Neuss site near Düsseldorf (Germany) on 1 January. The groupage and waste logistics units have already been ...
Turkish Cargo launches freighter flights to Libya Turkish Cargo is launching scheduled twice-weekly freighter flights to Mitiga airport, 8 km outside Tripoli (Libya). Depending on demand, either Turkish Cargo's A310 freighters, wh...
Boeckmans appointed Belgian agent for EAS MPV African service Boeckmans Belgium has been appointed as the Belgian agent for the newly-formed Multipurpose North West Continent Service of the Spanish shipping line EAS (Marguisa Group, Madrid), ...
Hong Kong airport authority welcomes deal with Taiwan The Airport Authority Hong Kong has welcomed a new air services arrangement signed by Hong Kong and Taiwan recently. Stanley Hui Hon-chung, the body's CEO, said that the arrangemen...
Ports of Antwerp and Rotterdam to cooperate on pipelines The port authorities of Antwerp and Rotterdam plan to cooperate to reinforce the pipeline infrastructure between the two hubs, as set this out in a declaration of intent signed by ...
Hellmann takes over Hit Starintex Holland and Hit Belgium The international German logistics service provider Hellmann Worldwide Logistics, which is based in Osnabrück, has taken over all activities of Hit Starintex Holland and Hit Belgiu...
Malaysia Airlines starts route rationalisation scheme Malaysia Airlines is cutting loss-making destinations this month, beginning with the withdrawal of a daily connection between its hub in Kuala Lumpur and Surabaya (Indonesia). Link...
Brazilian shore leave policy leaves US crew in the crosshairs Seafarers on US-flag Fisher forced to remain onboard for Christmas and New Year
Master's plight highlights the human element On the master's first voyage in charge, his grandfather died in the US but the visa problem blocked a relief officer from entering Brazil
Noatum eyes box throughput New commercial director says there are no takeovers on the immediate horizon but 'we are looking worldwide'
VLCCs would take biggest hit from Middle East Gulf disruption Shipments out of region account for over 80% of total VLCC voyages globally
Brookfield to invest in box lines' terminal assets Group targets ports in the Americas seeing plenty of room for improvement
Finnish port to open Bay of Bothnia's first automated box terminal Raahe to have 'significant competitive position' after improvement of services
Leap year for optimistic Greeks? RBS to lend $2bn to shipping industry in 2012
LNG market at less risk from closure of Strait of Hormuz Although Qatar is world's largest exporter, owners should be able to command high prices as there too few ships to transport growing demand
No alternative route to export Middle East Gulf crude oil Despite theories bouncing around international media, the Strait of Hormuz is vital to the crude market
In memory of the Dona Paz victims More lost than on the Titanic, yet ferry sinkings still claim too many lives
EXCLUSIVE: Strait of Hormuz closure would spell disaster for Asian tanker owners Iran's threat to block vital crude oil passage from Middle East Gulf would hit Japanese and Chinese companies hardest
PetroChina is first Chinese company to buy Canadian oil-sands venture Chinese thirst to secure supply brings welcome news for tanker owners
Golden Ocean agrees GCL settlement Norwegian firm filed US court case over Ocean Minerva hire dispute last month
Dry bulk cargo volumes to grow at over 7% in 2012 and 2013 Newbuildings deliveries will more than absorb additional demand
Massive orderbook outpaces demand growth for dry cargo 2012 orders make up a fifth of current fleet
Climbing oil product trade volumes will keep product tankers buoyant Growing Middle East to Asia trade set to support larger product tankers
New year brings stability to LNG rates Spot and one-year charter rates stagnant since year-end
Capesize market wakes to new year headache Rates continue to drop as higher fuel oil prices add to costs
Box rate recovery slows Shanghai Containerised Freight Index increases 2.9%
Product tankers set for slow recovery by end of this year Improvements are expected but owners should still plan for 'uncertain times', says DVB Bank
Box indices acceptance Scepticism remains over using derivatives for risk management
Wanted: shipping experience Private equity firms and banks need enterprising young professionals
SeaFrance decision due on Monday D-day for workers' co-operative bid
EXCLUSIVE: Box derivatives a big hit in China Shanghai Shipping Exchange hopes to open participation to foreign companies
Syndicated loans to slow in 2012 Banks increased marine lending to $68.4bn last year
FFA does not give rise to maritime claim, California federal court rules Decision in Adele Marina Rizzo case deviates from established case law that has held the opposite
EXCLUSIVE: MoD rejects industry calls for military armed guards Deployment would overstretch resources, says observers
Bank's index of market sentiment signals lower freight volumes Forwarders are mildly more optimistic after an all-time low, but still expect a slight fall in overall throughputs
US dockers in Global Terminals protest Fears that new technology threatens jobs
Evergreen backs recovery with bonuses EVERGREEN chairman Chang Yung-fa has put money where his hopes are in pledging year-end bonuses for the box giant's staff, despite economic uncertainty
Non-union SeaFrance workers seek solution NON-UNION SeaFrance workers launched an appeal today aimed at persuading DFDS and Louis Dreyfus Armateurs to renew their offer for the ferry operator
$7.3M in cannabis seized OFFICERS have seized cannabis worth £4.8M ($7.3M) at Tilbury's port in eastern England, the UK's Border Agency told Fairplay today
POLSTEAM signs $42.5M deal POLSTEAM, the leading shipping company of Poland, and fertilizer producer ZCh Police have reportedly signed a deal worth 150M zloty ($42.5M)
Alaska pursues LNG exports ALASKA Governor Sean Parnell has met with energy industry bosses to discuss a major export scheme to covert North Slope natural gas to LNG for sea transport to Asia
Bright prospects seen for chem tankers GERMAN shipping bank DVB has predicted that freight earnings and utilisation rates for chemical tankers are headed for two years of steady increases
Thermal stocks fall in India THERMAL coal inventories at India's ports are dwindling after months of inertia, IHS McCloskey reported today
Freight agents expect slowing THE OUTLOOK for global container traffic has weakened further, according to fresh research and surveys published this week
Bank predicts GPPL boom CREDIT Suisse, which holds a stake of 4.24% in APM Terminals-owned Gujarat Pipavav Port Ltd, has predicted big gains for the port company, tied to fast growth in India's box volumes
Bunker price surge steels VLCC owners' resolve BUNKER prices have surged to exceed $720 per tonne in Fujairah and Singapore, brokers told Fairplay today
LR tanker rates tumble LR2 TANKER rates have dropped to Worldscale 88.21, or $7,458 per day, after hovering before Christmas at W105 ($9,661/day) on Persian Gulf/East routes
Regional competition rising across Asia CHINESE intra-Asia liner SITC told Fairplay today it expects more carriers to compete in its sector as regional trade grows, reflecting depressed long-haul freight rates
CMA CGM acquires DPW's terminal stake CMA CGM has taken full control of Terminal Med Europe in Marseilles after acquiring the 50% stake of its partner DPW
Crowding blamed in fatal Madagascar sinking CROWDING caused the fatal sinking of a small cargo ship in Madagascar, investigators have determined
Three CSX Trains Collide, Spark Chemical Fire in Indiana A collision of three CSX Transportation trains caused a massive chemical fire and possible hazardous chemical spill Friday afternoon in...
Analyst Says US Export Growth Will Outpace GDP in 2012 The value of U.S. exports in 2012 will grow at twice the rate of GDP, with the value of outbound...
2011/2012 Annual Review & Outlook - Insecurity in the Air For those in the air cargo industry, 2011 was a year spent taking inventory of progress on enhancing national security...
2011/2012 Annual Review & Outlook - 3PLs Weathering the Storm Despite a string of natural disasters and the global economic malaise, third-party logistics service providers performed well through the first...
2011/2012 Annual Review & Outlook - Bullish on Transport The U.S. economy has undergone major changes in last few decades. In 1950, goods-related activity was 40 percent of GDP....
2011/2012 Annual Review & Outlook - When the Box Becomes the Engine International container business has been a key element in the development of the North American rail intermodal transportation market for...
Exporters Urge Congress to Increase Ex-Im Bank Lending U.S. exporters say they may have trouble financing projects unless Congress lifts the lending cap of the Export-Import Bank of...
US Steel Imports Rose 18 Percent in November U.S. steel imports rose 18 percent in November from a year earlier and were up nearly 20 percent in the...
ILA Protests Automation in NY-NJ Port More than 200 International Longshoremen's Association members on Friday protested a New York-New Jersey container terminal's labor-saving technology plan, foreshadowing...
2011/2012 Annual Review & Outlook - Ports' Taxing Challenge As the American Association of Port Authorities celebrates its centennial year in 2012, we look forward to working with Congress...
2011/2012 Annual Review & Outlook - Hardly Demanding for Imports Overall U.S. containerized imports grew modestly in 2011, rising 2.2 percent from 2010 - slightly lower than what I predicted...
2011/2012 Annual Review & Outlook - High Stakes for Free and Fair Trade 2012 is likely to be another active year for international trade. It is, of course, an election year, and that,...
Three Unions, Railroads Reach Agreement Three unions representing railroad workers this week ratified contracts with major U.S. railroads, leaving only one union to not have...
Transportation Hiring Cuts Into Jobless Rate Stronger than expected job gains in transportation and manufacturing helped reduce the U.S. unemployment rate to 8.5 percent in December,...
Truckload Rates Set to Rise, TransCore Says Truckload rates rose less than some carriers expected but more than shippers wanted in 2011, with spot market rates on...
2011/2012 Annual Review & Outlook - A Test of Wills When will the pain get so bad it's no longer tolerable? The fate of container shipping in 2012 is tied...
2011/2012 Annual Review & Outlook - Balanced Out Anyone interested in the direction of business in 2012 should spend some time walking the aisles of Home Depot's financial...
Greenbrier Doubles Revenue on Railcar Demand Rising rail freight and equipment demand sent revenue soaring at railcar and barge maker Greenbrier in the last quarter, strengthening...
Asia-US West Coast SCFI Rate Jumps 7.2 Percent The average rate for spot rate for container shipping from Asia to the U.S. West Coast jumped 7.2 percent in...
2011/2012 Annual Review & Outlook - Seeking Facility for Growth U.S. warehouse facilities have never played a more vital role in supply chain strategies. As the U.S. economy slid into...
DP World to Operate Vancouver Island Terminals DP World Vancouver plans to ship containers from the Port of Nanaimo to mainland Canada after the terminal operator recently...
New York-New Jersey Imports Rise 5.2 Percent Container imports through the Port of New York and New Jersey in November grew 5.2 percent year-over-year, offsetting a slim...
MSC Hikes India to Europe, Mediterranean Rates Mediterranean Shipping Company will apply a general rate increase on westbound trade from India to North Europe and the Mediterranean,...
Freight Index Signals Steadier US Shipping Demand The Cass Freight Index for U.S. domestic shipments inched up 0.7 percent in December over the previous year, signaling new...
Hammond sends warning shots to Iran The UK's minister of defence, Philip Hammond, has warned Iran's navy leaders and Government officials that their veiled threats of closing the Straits of Hormuz ...
CSAV gets deeper into bed with MSC CSAV will be withdrawing its ABS service between Asia and the Black Sea in February 2012 in favour of buying slots on MSC's Tiger service. Only scant details have ...
Nigeria in crisis Nigeria will likely come to a standstill on Monday , as the country's main labour unions, including Nigeria Labour Congress (NLC) and Trade Union ...
Safmarine launches Android apps Safmarine Container Lines has extended its e-business applications to users of mobile devices using the Android operating system meaning that these customers are ...
US intermodal traffic sees 'good ending' for 2011 US intermodal rail volumes are continuing their upwards trajectory as traffic for 2011 reached 11.9 million trailers and containers, up 5.4% over 2010 and a 20.4% ...
MIQ launches new logistics centre on US east coast US (Kansas)-headquartered MIQ Logistics has opened a new logistics centre on the US east coast in order to offer 'significant scale and easy access' into ...
Mombasa gridlocked again A rush of imports, further failures of the port's edi systems, ongoing issues with regard to consignees delaying the delivery of their cargo and congestion problems ...
Banks bet on Oceaneering New York-listed offshore syndicate secures cash for growth as banks join forces to back $300m credit facility.
Demolition dash Brokers link Vinalines of Vietnam and Hong Kong's Hua Ming to freshly minted scrapping contracts worth nearly $10m.
DB tackles tanker threat Equity Analyst says shares of Frontline and OSG would be poised to pop if Iran were to close the Strait of Hormuz.
TMS tanker tops detainee list George Economou-backed tanker entities join Evalend Shipping and others on USCG's December detention report.
Modec sells Ghana FPSO Japanese owner nets $750m from the sale of floater to Tullow Oil-led consortium.
YPF to spark LNG floater Repsol's Argentine spin-off lending a hand at slow-moving floating regasification project.
Ro-pax takes shelter Passengers stuck on UK's Commodore Clipper overnight as storms battered Jersey.
Drought adds to dry woes La Nina weather phenomenon will offer a further headache for the bulker market in the next few months, ICAP says.
Soltin snatches cargoship Danish owner picks up 1997-built Tirador at auction in Rotterdam.
NewLead sells another cape Nasdaq-listed owner tipped to have cashed a further vessel in scrap-level deal with a Chinese owner.
Shipping down the pan Industry bigwigs gloomy about 2012 prospects, but private equity could be sifting through the dirt for golden nuggets of opportunity.
Prices uncertain as week ends Crude futures lower over European economic worries.
Vessel adrift after engines fail Fishing vessel has 145 mt of bunker fuel on board.
South African market stays firm as Fujairah softens MGO prices in Durban see gain of more than $50 pmt.
Week ends with prices softening in Rotterdam South Europe shows mixed picture.
Emulsion fuel system promises fuel savings, emission reductions Fuel savings of 5% to 15% means ROI within months, along with up to 50% NOx and 90% PM reduction, according to maker of the onboard unit.
Brightoil leaps to second place in table of Singapore suppliers BP remains in the top slot for eighth year running.
Durban supply tightens further on refinery issues 180 cSt prices soar amid very limited quotes and spot market may dry up soon.
Consultancy considers impact of sanctions against Iran European embargo of Iranian fuel oil would have little significance, says energy consultant.
New Global Technical Manager for DNVPS Charlotte Rojgaard has taken over Singapore-based position from Dag Olav Halle.
Bunker prices falling across Asian ports as week ends Supplies remain tight in Singapore and Hong Kong, say traders.
LNG-powered OSVs in US Gulf 'likely' to become trend Availability of LNG and implementation of the US ECA makes LNG a 'natural choice', says ABS Chief Engineer.
High bunker costs to hurt NOL's profitability Investment bank maintains NOL's 'Sell' rating amid flat intra-Asia freight rates and high bunker costs.
SGX fuel oil futures contract volumes dwindle Players 'not surprised' that trading volumes dipped in 2011 with no lots traded since May.
Tugboat in illegal bunker transfer case seized Singapore coast guard seizes tugboat involved in illegal transfer of bunker fuel.
Hong Kong government wants ECA feasibility study Hong Kong's Environmental Protection Department wants consultation study on ECA proposals.
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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