Alliances unlikely to end container lines' losses New alliances will probably fail to end container lines' losses on Asia-Europe routes as they won't reduce the overcapacity that has caused rates to plunge.
Threat to Hormuz shipping seen receding, oil falls Iran is unlikely to shut down oil shipping through the Strait of Hormuz in response to Western sanctions, President Barack Obama's former adviser on Iran said.
Strait Talk
Bimco's 2012 wish list AT THE beginning of the year, it is traditional to look ahead at what opportunities and challenges the coming 12 months could bring. In the case of 2012, it looks like the challenges could dominate.
Alliances unlikely to end container lines' losses New alliances will probably fail to end container lines' losses on Asia-Europe routes as they won't reduce the overcapacity that has caused rates to plunge.
Threat to Hormuz shipping seen receding, oil falls Iran is unlikely to shut down oil shipping through the Strait of Hormuz in response to Western sanctions, President Barack Obama's former adviser on Iran said.
Strait Talk
Bimco's 2012 wish list AT THE beginning of the year, it is traditional to look ahead at what opportunities and challenges the coming 12 months could bring. In the case of 2012, it looks like the challenges could dominate.
Pacific highway duplication work underway in Australia Work on Australia's largest road construction project, the full duplication of the Pacific Highway, continues to gather pace following the turning of the first sod on the upgrade ...
DB Schenker North Rail Express successful in first year In the first year of operations DB Schenker's North Rail Express shipped about 25,000 containers on the 1,960 km route between the Norwegian capital Oslo and the Arctic Circle town...
Definite liquidation for channel ferry SeaFrance A Parisian commercial court has ruled that ferry operator SeaFrance is definitely to be wound up and its activities terminated with immediate effect. A project that sought to save ...
Freightliner Heavy Haul signs new deal with EDF Energy Freightliner Heavy Haul and EDF Energy have entered into a new rail haulage agreement for coal deliveries to EDF Energy's power stations at Cottam and West Burton (both England). ...
Yusen Logistics UK launches Shanghai service Yusen Logistics (UK) has commenced a direct weekly LCL service from Shanghai to Southampton, as part of its ongoing launch of many new services. The company stated that the option ...
Rotterdam cargo throughput up in 2011 Cargo throughput in the port of Rotterdam increased by 0.8% in 2011, reaching 433 million t, or 3 million t more than the record set in the previous year. Container handling incre...
Kerry Logistics expanding in China Kerry Logistics is expanding its presence in central China, building a new logistics centre in Zhengzhou (Henan province). Construction will begin in Q2/2012, with completion sched...
CHEP and Eckes-Granini extend collaboration CHEP, a leading provider of pallet and container pooling solutions, has signed a new three-year contract with Eckes-Granini Germany, a marketing and sales specialist for alcohol-f...
Air Zimbabwe avoiding London and Johannesburg The Southern African carrier Air Zimbabwe has stopped flights to Johannesburg (South Africa) and London (UK). Transport minister Nicholas T. Goche would appear to fear that the fl...
Tampa renovating for international flights Tampa international airport (USA) is hoping to attract more overseas flights and to this end is investing USD 28 million in upgrading its capacities to handle three wide-body inte...
European airfreight volumes down in November Freight traffic at European airports continued to weaken significantly in November 2011, falling by 5.5%. Olivier Jankovec, the director general of ACI Europe, said that since las...
New staff for Hertzog & Partner in Hamburg The German company Elmar Hertzog und Partner Management Consultants, a specialised personnel and advisory company for the logistics, supply chain management and transport sector, ...
Exclusive: Syndicated loans supply remains tight Existing clients, LNG and offshore get priority say top-three shipping bankers
China's oil imports rise 6% in 2011 Investment in infrastructure drives demand
Opportunities outweigh challenges for Australian LNG Positive growth prospects allay fears of project delays
Chinese demand and coalbed methane lift Australian LNG exports Gorgon project will drive Australia's exports
Safmarine chooses new chief executive Head of multi-purpose vessel unit Grant Daly takes up new position at start of February
Panamax owners idling ships as charter rates keep falling Brokers report extremely quiet cargo demand in contrast to a growing list of tonnage as January newbuildings are delivered
Oversupply of aframaxes leads to cross-Mediterranean rates plunge Brokers predict prices will stabilise at W100
P&O Ferries poised to join the bidding for SeaFrance ships Dover-Calais operator has held preliminary talks with administrator over 'good, modern tonnage'
New Year's resolution: learn to embrace the social media The industry is increasingly going digital and we all need to get better at it
When the dominoes fall Global crisis exposes the ties that bind shipping and commerce
ICS urges owners to put pressure on weak flag states Performance table highlights gaps between the best and worst ship registers
Maritime law firm launches in Hong Kong HWB hires 50 ex-Reed Smith staff
Will Greeks keep their foot on the gas? Most of the established Greek LNG owners appear well stocked with newbuilding programmes
Vintage LNG carriers' rates revised up as much as $25,000 per day Fixing rates for LNG Libra and WilEnergy bring new hope for older tonnage
Diana Containerships buys two APL boxships Second deal in a month lifts Greek owner's growing fleet to nine
Australian LNG project sells remaining volumes Deal signals Australia's role as major player in LNG export industry
Law Commissions' consultation likely to end in reform Role of the marine insurance broker will change and the insurer will face pressure to pay claims early
Q&A: Paul Silver, Association of Average Adjusters Chairman calls on insurers to support training programme
Chinese ore imports post a record year But steel mills have stopped buying ore as stockpiles have risen
A better class of seafarer Philippines closures of substandard academies will benefit safety and students
Fall-off in exports could affect boxship demand Intra-Asia trades expected to grow faster over next three years than longer Asia-Europe routes
Portuguese port workers strike to defend Aveiro jobs Row centres on port company bankruptcy threat
New drive to agree carriage and use of arms against Somali pirates Coalition brings together governments and private military security companies
Huge Brazilian yard gains bridge funding BRAZIL'S Açu Shipbuilding, billed as 'the largest shipyard in the Americas', has obtained $228M in bridge funding, owner OSX confirmed today
Rough rates ride warned WELLS Fargo analyst Michael Webber today predicted that product tanker rates will recover this year faster than those for crude
EU to weigh Iran moves earlier AS FEAR keeps rising about Iran's nuclear ambitions and military capability in the Strait of Hormuz, EU governments today pushed ahead a meeting on sanctions
LDA, DFDS re-enter SeaFrance picture DANISH ferry operator DFDS and its French partner Louis Dreyfus Armateurs have offered to take on 300 SeaFrance workers to operate a two-ferry Calais/Dover service
Smedegaard sees prompt Channel start DFDS's CEO Nils Smedegaard told Fairplay today he hopes to start up its newly announced Dover/Calais service "as quickly as possible" - but "it will not be within the next two weeks"
Höegh LNG unveils $12M charter deal NORWAY'S Höegh LNG said it has chartered the 1979-built LNG Libra for six months from July
ICTSI guarantees offering PHILIPPINES port operator ICTSI plans to guarantee its subsidiary's follow-on offering of $200M in securities, to be used for port acquisition and expansion
High bunkers, unsustainable rates hit NOL SINGAPORE securities firm OCBC Investment has maintained its 'sell' call on flagship carrier NOL, calling a recent rebound in freight rates unsustainable
Box operators stress short BOX SHIP operators are shying away from longer extensions and charters as they want to see how Asia restarts after the Lunar New Year holidays
Lunar New Year prompts early VLCC bookings THE LUNAR New Year holiday's approach has driven charterers to cover China-bound voyages for early February, while requirements for this month are mainly completed, brokers told Fairplay today
COSCO charters extended CHINA COSCO Holdings said subsidiary Shanghai Ocean Industrial has extended the bareboat charters of two Panamax bulkers to another subsidiary, COSCO Qingdao
Rig builders win support SHARES of Singapore rig builders Keppel and Sembcorp Marine closed higher today after analysts sounded bullish notes
Steel cooling hurts Capesize rates CAPESIZE bulker rates have collapsed because of a huge gap between year-end FFA prices and spot freight rates and cooling Chinese steel production
Reddaway Adds Next-Day LTL Service Lanes YRC Worldwide subsidiary Reddaway is speeding shipments in the West, launching a next-day service linking Las Vegas with cities in...
Rena Owner Will Continue to Pay for Salvage Costamare, the Greek shipping company that owns the wrecked Rena, reassured New Zealanders it will continue to fund the salvage...
Wal-Mart Honors 11 Trucking Suppliers The world's largest retailer, $419 billion Wal-Mart Stores, is also one of its largest shippers, managing a transportation network supplying...
Hamburg Sud Upgrades US Gulf-Latin American Loop Hamburg Sud will add a seventh container ship to its weekly service between the U.S. Gulf, Mexico and Central and...
FMC Filings Argue Harbor Tax Doesn't Shift Cargo to Canada Importers aren't shifting U.S-bound containers through Canadian ports because they want to avoid paying the Harbor Maintenance Tax, according to...
Activist Investor Vows Proxy Fight Over CP An activist hedge fund investor said he will wage a proxy battle to replace the top leadership of Canadian Pacific...
Seattle Seeks to End Harbor Tax 'Loophole' The Port of Seattle is stepping up pressure on the Federal Maritime Commission over U.S.-bound imports passing through Canada, calling...
Safmarine Taps 17-Year Veteran as CEO Safmarine named a new CEO on Tuesday, Grant Daly, a 17-year veteran with the recently integrated multi-purpose vessel unit of...
Truckload Rates Up 8.6 Percent, Cass Says Truckload linehaul rates rose 0.7 percent in December from the previous month and were up 8.6 percent year-over-year, according to...
First Maersk-Rickmers Ship Put Under US Flag Maersk Line Ltd. has placed under U.S. flag the first of two multipurpose heavy-lift ships it will operate in partnership...
Diana Buys Two APL Containerships Diana Containerships is buying two Panamax containerships under a purchase and leaseback agreement signed Tuesday with APL. The NYSE-listed...
FMC Looks to Raise Costs for US NVOs in China The Federal Maritime Commission is proposing a change in rules that will make it more expensive for U.S. non-vessel-operating common...
SeaFrance Liquidated, Rivals Move to Plug Gap SeaFrance was officially liquidated after a Paris court rebuffed the latest rescue bid for the heavily indebted French ferry company....
Zim Hikes Rates From India Subcontinent to Europe Zim Integrated Shipping Services imposed a general rate increase on westbound cargo from the Indian Subcontinent to North Europe and...
Alphaliner Says Shipping Overcapacity to Accelerate Ocean carriers face a growing capacity glut in 2012, especially on the key Asia-Europe trade lane, as ship deliveries accelerate...
Indian Port Container Traffic Rises 4 Percent Container throughput at major ports in India in April through December increased 4 percent year-over-year, but the ports are unlikely...
German exports regain momentum Ahead of fourth quarter and full-year GDP numbers due from Germany on Wednesday, there is evidence that the EU's largest economy is still finding markets for its ...
Yusen launches direct service from Shanghai to Southampton Yusen Logistics has introduced its own weekly LCL service between Shanghai and Southampton, replacing a co-loading groupage operation with other forwarders. This ...
Nigeria still at a standstill Violence is spreading across Nigeria, but particularly in the commercial hub, Lagos, as the general strike caused by the Government's elimination of a subsidy on ...
Saigon New Port orders additional RTGs Saigon New Port (SNP), which operates the Tan Cang Cat Lai Terminal in Ho Chi Minh City is to phase in additional rubber-tyred yard gantry cranes (RTGs) to cope ...
NYK boosts Intra-Asia/Transpac slings NYK has bolstered its offering in both the China/India and transpacific markets: it has boosted its presence in the China/India/Pakistan market via slots on Emirates ...
GAC acquires Lehmann's shipping assets Dubai-based GAC Group, the global maritime services entity, has strengthened its ship, liner agency and project cargo logistics network by acquiring all of the ...
Rena: stern section sinks The stern section of the boxship Rena finally gave up today to go to its watery grave submerged on its tormentor the North Island, New Zealand's Astrolabe Reef; ...
Delta Shipping joins forces with SCA Hamburg-based Delta Shipping has rationalised its services between Northern Europe and Russia with those of Sweden-based SCA Transforest, the transport arm of forest ...
Sarkozy: eurozone 'very tense' Following their first meeting of the year in Berlin yesterday, German Chancellor, Angela Merkel, and French President, Nicolas Sarkozy, called for the hastening ...
Auckland dockers begin 48-hour strike as port rejects union offer 300 dockworkers at New Zealand's Ports of Auckland container terminals began a new two-day strike last night after port management rejected the union's counter-offer ...
Moves to open new ferry route between UK and France News comes a day after a French court ordered the liquidation of SeaFrance.
Prices climbing in European hub Tight supplies in Rotterdam.
Busy market in Fujairah Prices falling in South Africa.
Ferries seized over unpaid debt Writ served in French court.
Strikes close Nigerian ports Reports say oil exports unaffected.
Bay of Gibraltar bunkering: New call for EU intervention MEP claims there have been four spills in the Spanish port of Algeciras in the last year.
India's oil ministry advised on new global sulphur limit India's government has approved ratification of MARPOL Annex VI 'to avail the waiver of the requirements of compliance with the EEDI', says Ministry of Shipping.
Bunker prices largely up at major Asian ports Supplies mixed at key Asian ports on Tuesday.
Tanker management firm receives energy management certificate Maran Tankers Management gets ISO 50001 certification from Lloyd's Register.
ExxonMobil subsidiary raises safety alert on fuel quality 'Significant increase' in number of incidents caused by fuel with high catalytic fines, says IMT.
Vessel sinks, releases 'bulk' of oil and cargo Australia activates national oil spill response plan to contain pollution at Christmas Island.
More oil released from stricken vessel off New Zealand Amount of oil 'fraction' of the size of spill released last October, says local maritime authority.
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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