Ship union to seek extra pay for members A union representing 23,000 seafarers will seek extra payments for its members if Iran's threat to disrupt oil shipments through the Strait of Hormuz endangers their safety, as US officials ramped up rhetoric against the Islamic state.
NZ starts cleanup after cargo ship splits Shipping cargo and debris are littering a beach on New Zealand's North Island after Rena, the 236-metre container vessel stranded on a reef since October, yesterday split into two in rough seas.
China firm delays ship rental payments China's Shagang Shipping has failed to pay millions of dollars in vessel rental fees to Diana Shipping, said a source close to the Greece-based firm, as Chinese maritime companies struggle through a downturn in the dry bulk freight market.
Pierandrea Galli new CEO of Cargolux Italia Cargolux Italia appointed Pierandrea Galli as its chief executive officer and accountable manager on 1 January. Galli has 23 years of experience in the aviation industry and has w...
DB Schenker opening Inner Mongolian office DB Schenker Logistics, the logistics division of Deutsche Bahn, is expanding in China, opening a new branch in Hohhot, the capital of Inner Mongolia, an autonomous region of China...
Logwin expands presence in China with Chengdu office Logwin, a global leader in air and ocean freight and logistics services, has opened a new sales office in Chengdu, Sichuan province (China), thus further strengthening its presenc...
Bibby Distribution secures Halo Foods contract in UK The UK-based logistics company Bibby Distribution has secured a contract with Halo Foods, a sister company of Honey Monster Foods and Fox's confectionary, for which Bibby provides...
Toyota South Africa Motors now transports vehicles by rail Durban-based Toyota South Africa Motors transports its vehicle by rail now, having signed an agreement with Transnet Freight Rail. The contract will be executed in three phases, wi...
Russian Railways ends 2011 with positive result Preliminary forecasts see Russian Railways achieving a net profit of RUB 17.7 billion, or approximately EUR 424 million (under Russian accounting standards). Operating income incr...
Infrastructure upgrade in Senegal and Gambia The African Development Bank has approved USD 107 million for the construction of a trans-Gambia bridge and cross-border improvement project in Senegal and Gambia. The project wil...
Czechia raises road tolls Czechia has increased its road tolls by 25% for all commercial vehicles weighing more than 3.5 t and also applies to journeys undertaken on Fridays between 15.00 and 21.00. Only t...
Volga-Dnepr adds modernised IL-76TD-90VD to fleet Volga-Dnepr Airlines has added a fourth modernised IL-76TD-90VD cargo aircraft to its fleet. The fourth new generation IL-76TD-90VD freighter was built to order at the Tashkent Ch...
Royal Jordanian awards GSA contract to Globe Air Cargo Royal Jordanian Airlines has awarded its cargo GSSA contract for Austria and Eastern Europe to Globe Air Cargo, a part of the ECS Group. The full GSSA contract includes road feede...
Barig welcomes new South American member The Board of Airline Representatives in Germany (Barig) welcomed Surinam Airways as a new member at the beginning of the year. Surinam's flag carrier will figure as an offline car...
Ukrainian ports offer transit rebates The handling of transit goods is set to be reduced substantially in Ukrainian ports in 2012. Deputy prime minister and infrastructure minister Boris Kolesnikov has announced rebat...
Port Louis Mauritius to double terminal capacity The Mauritius Port Authority is set to invest USD 222 million more in the expansion of its facilities. It will deepen the fairway to 19 m by 2015. A second container terminal will...
Stealthgas pockets $30m from raft of time charters Company also sells vessel for $1.3m profit
Pension fund investors see potential in port assets Long-term stable cash flows are essential
Refinancing deals show confidence in UK ports Two benchmark deals signed late last year as non-eurozone banks stay in the frame
The devil is in the detail Is the 2013 deadline on technical operational measures opening a Pandora's box of problems?
Armed guards need rights If a pirate craft opens fire after a warning, the guards should be able to return fire
Can the dire strait be avoided? Europe is in no fit state to threaten Iran
Cargo liquefaction costs lives Industry must address mis-declaration and improve monitoring of loads
Technology can reduce the risk Better designs will stabilise bulk carriers and cut risk of liquefaction
US refineries export record volumes in fourth quarter 2011 Extra cargoes boost tanker owners
US investment firm buys chemical tanker Outsider interest brings new hope to secondhand market
China Shipping tops European customer-service poll Shippers give thumbs down to Maersk
Maran lands Lloyd's Register's first energy-management certificate Angelicoussis tanker company hails certification 'milestone'
Pertamina books VLGC for three years as charterers take upper hand Time charter and spot LPG shipping prices on the slide
HSH Nordbank and unsecured creditors file rejoinders in Omega Navigation Enterprises Chapter 11 case Separate filings come ahead of cash collateral hearing
SeaFrance in administration President Sarkozy promises 'credible solution' for ferry company employees
Solvang orders full SOx scrubber for LPG newbuilding Shipowner will have two systems installed o n an 84,000 cu m liquid petroleum gas carrier
HSH Nordbank confirms cancellation of Chinese bank's $500m loan deal China Development Bank's move came after Moody's downgraded HSH
Hamworthy shareholders say yes to Wärtsilä acquisition Deal due to be completed by the end of January
Restis increases stake in Seanergy Nasdaq-listed owner announces $10m injection by major shareholders
Awilco extends LNG charter for WilEnergy for six months Spot rates to stay high as market remains tight
Older bulkers see value slide Vintage tonnage fetches lower prices after a sluggish week for sales
Scrap sales to Bangladesh reflect hopes that yards will reopen Chittagong breakers await High Court hearing on Thursday
Keeping oil flowing The UAE is reportedly planning a pipeline that could export crude oil if Iran closes the Strait of Hormuz
Standard restructures to prepare for Solvency II P&I club creates a European umbrella insurance company
Troubled waters South China Sea stand-off sends a message to the US
Eurotunnel to make an offer for SeaFrance ferries Move will secure cross-Channel capacity if SeaFrance goes bust
DFDS Seaways expands freight services Demand buoyant on the Humber
European oil majors lose ground to Asia in dirty tanker charters Shell holds top spot in Poten top 20
UAE's pipeline alternative to Hormuz is delayed A PIPELINE alternative to the Strait of Hormuz has reportedly been delayed until at least April
Restis props up Seanergy NASDAQ-listed bulk operator Seanergy today announced two loan revisions and a $10M equity injection from its controlling shareholder, the Restis family
Court orders liquidation of SeaFrance SEAFRANCE today was placed into liquidation and ordered to cease all business activity
Silport traffic rises 40% ESTONIA'S Silport said it raised throughput in 2011 by 40% year on year.1108732.timg
Kochi billing opposed SEAFOOD exporters in Kerala have appealed again to the High Court over terminal handling charges, with lines refusing to co-operate with a new system of direct billing
Ro-ro explosives seized OFFICERS have seized a explosives aboard a ro-ro at Masbate's port in the Philippines
Static year for dirty fixtures DIRTY fixture levels were fairly static in 2011 versus the previous year, brokers told Fairplay today
Portugal's ports on strike PORTUGAL'S port workers today reportedly began a five-day strike that threatens to disrupt exports
Modest increase in box rates BOX RATES continued to increase last week in the run-up to the Lunar New Year, albeit at a modest pace
Eurotunnel springs shock SeaFrance entry EUROTUNNEL today made a surprise late entrance in the SeaFrance saga with an offer to buy the Channel ferry operator's ships
Place your bets, breakers CASH BUYERS are placing their bets by acquiring ships for delivery to Bangladesh's breakers, even though they have yet to get court approval to resume recycling
Waves finally break Rena BATTERED by 7m waves, the stranded box ship Rena has finally split in half, with both the front and back sections still lodged today on a New Zealand reef
Isle of Man tonnage rises THE ISLE of Man Ship Registry said today tonnage under its flag hit a new high in 2011
Efnav buys TORM ships GREECE'S Efnav has apparently bought two Kamsarmax newbuildings that embattled Danish owner TORM transferred to strengthen its balance sheet
COSCO shuffles bosses MA ZEHUA, boss at China COSCO Holdings, has been appointed chairman of the group's shipbuilding arm Cosco Corp (Singapore)
Diesel Prices Rise for First Time in Seven Weeks Diesel prices across the United States increased for first time in seven weeks in the week ending Jan. 9, rising...
Scraping Bottom: How Deep Are They? The budget cutting sweeping through Washington won't help U.S. ports looking to prepare for the big, new ships that will...
Customer Expansion to Drive CSX Business Up $230 Million CSX Transportation stands to gain more than $230 million in annual revenue from nearly $1.4 billion in new facilities built...
US Xpress Names Smith President of Arnold Unit U.S. Xpress Enterprises picked Todd Smith, former president of truckload operator LinkAmerica, as president of Arnold Transportation Services, a 750-truck...
Yusen Logistics Begins Shanghai-UK LCL Service Yusen Logistics this week launched a weekly less-than-containerload service from Shanghai to Southampton, U.K., as the forwarder builds on a...
Kerry to Build Logistics Center in North-Central China Kerry Logistics will build a 753,000-square-foot logistics center in Zhengzhou, as the third-party logistics provider expands its reach in north-central...
CP Rejects Push by Activist Investor to Replace CEO Canadian Pacific Railway directors unanimously rejected the push by an activist hedge fund investor to replace the company's CEO with...
ILA's Knott Discusses Proposed Automation at NY-NJ Terminal (Video) Stephen Knott, general vice president of the International Longshoremen's Association, discusses the union's concerns about the introduction of labor-saving technology...
Bulldog Hiway Express Founder Moseley Dead Rodolph Davis Moseley, a veteran who founded trucking company Bulldog Hiway Express with a $1,000 loan and a used truck,...
New Zealand Braces for Oil Spill as Rena Breaks Apart The container ship Rena broke in two in heavy swells over the weekend on the reef off the New Zealand...
DHL Launches Italy-Dubai LCL Service DHL Global Forwarding this week launched a less-than-container load service between Italy and Kuwait, as the German carrier adds ocean...
Balance on the Roller-Coaster Shippers and manufacturers want it in their inventory flow. Carriers on the ocean, land and in the air certainly crave...
Seeding Green Logistics Despite economic uncertainty, companies are expected to expand support of green logistics initiatives in 2012 and are looking for technology...
Supply Chains Head to the Cloud Amid volatile global markets, the need for greater supply chain flexibility and visibility will drive investments in technology in 2012....
Flexibility, Collaboration on 3PL Agenda Third-party logistics providers have their work cut out for them in 2012. Volatile global markets are driving demand for collaborative,...
Booster Shot for Pharmaceuticals Last year's trio of new bilateral U.S. trade pacts - with South Korea, Colombia and Panama - will boost U.S....
US Electronics Exporters Powering Up U.S. exporters of semiconductors and consumer electronics strongly supported the passage of the three new trade agreements, and expect the...
Wait and Balance It took airline cargo executives several months into 2011 before they started pulling back capacity to meet the reality of...
Coal Looks Abroad Coal exports may account for less than 10 percent of U.S. production, but strong demand from overseas buyers proved critical...
Lumber Shipments Sawed Off When Canadian National Railway announced in August it was expanding a lumber transload facility at Prince George, British Columbia, it...
Intermodal's Pricing Power Economic growth was disappointing in 2011 and a strong rebound is unlikely in 2012, but North America's railroads will continue...
Survey Sees Higher Rates, Volume More than 60 percent of truckers surveyed in November said they expect volume to increase in 2012, with only 2...
Trucking's Optimistic Turn You see them more these days than a year ago, the smiling people. Odds are they work in trucking. For...
On a Wing Chair and a Prayer When the housing market sneezes, the furniture and appliance industries catch a cold. All have suffered poor health that will...
Pedal to the Metal Americans are starting to spend money on cars again, and the results are showing up in increased imports of automotive...
Energy for Expansion Breakbulk shipping faces a challenging 2012 with excess capacity capping freight rates as a slowing global economy depresses conventional cargo...
Busy Lanes, Getting Busier Even as other markets remain roiled by uncertainty, the hemispheric trade between the U.S. and South America looks bright for...
Action on the North Atlantic Like the Energizer Bunny, the trans-Atlantic trade just keeps going and going. In contrast to other major east-west trade lanes,...
Sailing Against The Tide Industry experts expect the supply-demand trends that drove eastbound trans-Pacific business late in 2011 to extend into 2012. Retailers will...
Free Trade's Winners and Losers Which kinds of U.S. exports will enjoy the biggest boost from the three new free trade agreements? Beyond its tariff...
Free Trade Frenzy Nearly five years after the Bush administration first negotiated free trade agreements with South Korea, Colombia and Panama, revised versions...
Can SMEs Deliver the Goods? President Obama's National Export Initiative places a specific emphasis on expanding exports by small and midsize businesses, companies that make...
Exports Lead the Way Housing can't do it. Technology is strong, but not strong enough to act as the economic driver. And, with consumer...
Shaerf on Shipping Industry's Debt Burden, Paying for New Ship Orders (Video) Peter Shaerf, managing director of AMA Capital Partners, talks about the debt burden hanging over the shipping industry, how the...
Nigeria grinds to a standstill The Nigerian Labour Congress' (NLC) and Trade Union Congress' (TUC) calls for an indefinite strike in protest at the Government's decision to end the fuel subsidy ...
Seafarers 'thin but alive' after 15-month hijack ordeal A Maltese-flagged chemical tanker and it 18 crew, pirated in September of 2010 while en route to the breakers yard, was set free by its Somali pirate tormentors ...
Kerry beefs up presence in China with new centre Kerry Logistics is expanding its presence in central China by building a new logistics centre in Zhengzhou in Henan Province. Construction of the facility will ...
Carriers continue to make hay whilst sun shines Ocean carriers remained upbeat about spot freight rate prospects out of Shanghai last week according to the Shanghai Shipping Exchange's Shanghai Containerized ...
Damco boosts combined sea-air solutions in North Asia after acquisition
PTP on solid ground Malaysia's Port Tanjung Pelepas (PTP) enjoyed a near 15% growth in its box throughput last year with the 7.5 million TEU handled comparing with 6.53 million TEU ...
Clarion/DHL to build Sao Paulo logistics complex New York-based Clarion Partners and Germany-domiciled DHL Supply Chain have set up a strategic alliance and will invest USD100 million in a series of warehousing ...
Strasbourg underlines transfer of container operations inland The inland French port of Strasbourg, which is located on the upper reaches of the river Rhine, saw its container traffic increase by 6.7% in 2011, up to 385,241TEU. ...
Rena breaks into two and gives up its cargo to the seas Stormy weather and heavy sea swells overnight on Saturday January 7 have finally taken their toll on the 3,352TEU containership, Rena, which ran aground off of ...
Hybrid propulsion system gains US patent protection Proven to significantly reduce emissions, fuel consumption and equipment maintenance for marine vessels.
Rotterdam market 'slow' Piraeus market softens.
Fujairah prices fall NYMEX showing losses of more than $1 in early trading.
O.W. Bunker launches German brand Wrist Bunker Supply GmbH and Wrist World Wide Trading GmbH merge to form O.W. Bunker Germany GmbH.
Ferry operator goes into liquidation Court rejects bailout plan for SeaFrance.
Hamworthy shareholders in favour of acquisition Proposed acquisition by Wartsila expected to become effective at the end of January.
Fujairah pipeline operational 'within six months' 'There is delay, it is a lot of work,' says UAE oil minister.
New board member at World Shipping Council Ng Yat Chung, Group President and CEO of NOL, elected to Association's board.
Asia fuel oil market 'could tighten' VLCC costs are squeezing out arbitrage opportunities.
Order signed for first complete scrubber system Newbuild LPG tanker to be fitted with scrubbers for main and auxiliary engines as 2015 'deadline' approaches.
Week opens with Asian prices mostly down Avails remain tight in Singapore and Hong Kong, traders say.
Sinopec subsidiary acquires 50% of Fujairah terminal company Takes over 50% of oil depot operator Fujairah Oil Terminal for $25.05 million.
Distressed cargo ship leaks oil off Western Australian coast Vessel had 102 mt of IFOs onboard when heavy swells split it in two.
Petroplus closes refineries on credit freeze Credit lines have been 'suspended' and bank accounts 'restricted,' says Petroplus.
Fluorescent dye for marine fluid leak detection developed TP-3405CS Dye-Lite All-In-One can expose leaks smaller than 3.7 ml per year.
No fresh oil spill from Rena after 'worst' weather Rena is now in two pieces, about 20-30 metres apart after extreme weather conditions over the weekend.
Vessel seized for unpaid UBT bunkers released Owners placed bond with 'sufficient surety' for the vessel's release, according to court documents.
Incentive to slow steam 'high' VLCCs continue to sail at slower speed in the fourth quarter of 2011 in a bid to cut fuel consumption, says RS Platou.
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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