JAL to reduce China operations Due to on-going political tension between Japan and China, Japan Airlines (JAL) is reducing its services to China from today (10 October), probably until 17 November 2012. The Osak...
Freightliner smashes rail volumes at Tilbury Freightliner, a prominent UK-based rail freight operator, recently achieved a new daily throughput record of 481 containers handled in Tilbury (UK). The company has a market share ...
Kombiverkehr launches new direct trains to Spain The Frankfurt (Germany)-based intermodal service provider Kombiverkehr is launching a new direct train service between Germany and Spain. The trail-blazing connection will start on...
Norbert Dentressangle adds fizz to Villa Soft Drinks distribution The French service provider Norbert Dentressangle has joined forces with Villa Soft Drinks to support the company's distribution and storage of soft drinks and fruit juices across ...
Menlo Worldwide Logistics introduces Carbon Net Menlo Worldwide Logistics, the global logistics subsidiary of Con-way Inc, has introduced Carbon Net, a carbon management technology that gives the service provider the ability to ...
Paki Logistics' 1.4 display pallet wins German Packaging Award 2012 The German Packaging Award's jury gave this year's prize to Paki Logistics' 1.4 display pallet. The new pallet, which is compatible with existing display pallets, can be stacked in...
Denmark: steep increase in diesel theft The number of diesel thefts increased by 40% in Denmark between 2007 and 2011, and this upward trend is continuing this year, according to the Danish trade association for road hau...
PDL to start new Australia, New Zealand and Pacific Ocean service Pacific Direct Line (PDL), in cooperation with Neptune Pacific Line, is starting a new service with the 9,000 dwt "Danny Rose" which will depart every 36 days on average ...
Interim chief financial officer for TNT TNT Express, which is on the brink of being taken over by its US-based rival UPS, has appointed Jeroen Seyger as its new interim chief financial officer. In addition to the CFO res...
Record month for AirBridgeCargo's vehicle movements September 2012 was a record month for the carriage of motor cars by Russia's AirBridgeCargo Airlines (ABC). After the Moscow International Automobile Salon 2012 closed its doors, t...
Qatar Airways to join Oneworld alliance Qatar Airways is to join Oneworld, adding one of the world's fastest growing and most highly rated airlines to the world's leading quality airline alliance. After days of rumours, ...
Denver International Airport gets new communications director Denver international airport (DIA) aviation manager, Kim Day, has named Amy Bourgeron, a seasoned communications and management professional and current executive communications di...
Credit managers reborn Risk metrics have cemented the function's position as a science, not an art
Obama sanctions order targets US firms' foreign subsidiaries Spotlight falls on overseas ventures and the banks that handle their business with Iran
A risk too far Why build larger and more expensive vessels without the insurance to back them up?
Maersk withdrawal ramps up pressure on Iran But exclusive Lloyd's List Intelligence data shows that Asian box carriers still call at country's ports
Fixtures planned for up to five post-panamax boxships Impending deals could reactivate sluggish charter market
CSC Phoenix denies restructuring talks after surge in share price Chinese state-owned conglomerates will help listed units cut losses, say equity investors
Nam Cheong and STX OSV win offshore deals Singapore shipbuilders to build platform supply and subsea construction vessels
Consistent global standard for armed guards will be hard to achieve Industry voices misgivings over ISO
Shift in pirate attacks may require new Listed Area boundaries Insurers urged to reflect fall in Indian Ocean attacks and rise in incidents off West Africa
London Gateway woos Asia cargo owners Chief executive of project opening in late 2013 goes on the stump in China
MSC Flaminia seafarer dies in hospital Burns victim, 41, succumbs to his injuries three months after deadly blaze
Prokopiou group swoops on cancelled bulkers in China Owner's $140m deal signals one of the largest distressed asset plays yet seen
Chinese charters inject life into VLCC spot market Asian giant returns from Golden Week holiday to fix a slew of ships
Watching the defectors London Gateway's interest in Asian cargo owners signals competitive battle ahead
Between the lines When China's transport ministry makes a statement, the subtext speaks volumes
NRF forecasts 10% October rise in US inbound box volumes Retailers anticipate seasonal growth ahead of decision on east coast dock strike
Damco buys Pacific Network Global Logistics Acquisition of freight forwarder enlarges Maersk arm presence in Asia and China
SCI to take Irano-Hind suezmax Hyundai refuses to deliver to IRISL due to sanctions
ITF warns of 'uncertain' outlook for global freight prospects Latest data shows stagnant air and sea freight trade
Maersk halts feeder service to Iran Danish boxline giant says small cargo is not worth the risk to its EU and US business
Sinopec finalises plan for Batam oil terminal Chinese oil major to build 2.6m cu m oil storage and blending site in Indonesia
Ship efficiency indices are misleading gimmicks The Rightship/CWR formulae fail to resolve some important issues
Shipping needs to put MRV into practice Monitoring, Reporting, Verification system on emissions will become a reality
Banks should bite the bullet on writedowns Uncertainty over market recovery raises questions about ship values and debt levels
Höegh LNG pays $270m for the fourth FSRU at HHI Oslo-listed gas player may build a fifth on bullish LNG market
No haste in expanding China's private shipping sector, according to MOT Chinese authorities' call sets out a long-term goal but will offer no guides for practice
Container industry woes self-inflicted, Boston Consulting argues Sector must ditch 'misguided' management strategies and show some discipline
Gazprom, KOGAS sign new LNG supply deal GAZPROM'S Asian trading unit has signed a gas S&P deal with South Korea's KOGAS for up to 1M tonnes of LNG per year for 2013-14, IHS World Markets Energy reported today
Shuvalov: thumbs down on Sechin port bid RUSSIA'S privatisation tsar has said the Kremlin has decided to bar Rosneft from buying into Novorossiysk Commercial Seaport Co.
OPEC again cuts back oil demand outlook OPEC TODAY yet again pared its global oil demand outlooks for both 2012 and 2013
Diana fleet grows more SIMEON Palios-led Diana Shipping, viewed by analysts as a cash-rich consolidator, said today it is acquiring another bulker
More Nordcapital ships running out of cash HAMBURG KG house Nordcapital is seeking further debt moratoriums for one-ship companies in an attempt to avert insolvencies or fire sales of these box ships
Draft European spill proposal advances A DRAFT law aimed at keeping the EU from falling victim to a Deepwater Horizon-like spill has advanced in the European Parliament
34% of excess yard capacity seen in 2013 SHARP drops in newbuilding contracts, combined with recent sharp increases in yard capacity, will lead to a 34% excess in capacity next year, shipping bank has warned
Box sector headwinds rise BOX SHIP rates could feel heightened pressure and lay-ups could escalate throughout 2013, Wells Fargo analyst Michael Webber warned today
Tanker demotion S&P seen turning round STAND BY for a surge in demolition sales of tankers, a bank and a broker have warned
ICS attacks green salvage 'extras' proposal THE ICS has warned it will oppose a proposal to give salvors separate payments for 'environmental salvage' work
50% rise warned for Russia's fruit prices RUSSIAN fruit prices will rise about 50% year on year this winter because of Maersk's reefer rate increase, Moscow and St Petersburg importers warned today
Two-tier tanker sector warned TIGHTER environmental regulations on mainstream routes might lead to a two-tier tanker market, a leading tanker broker has warned
Malaysia shipping less palm oil to China MALAYSIAN palm oil exports to China dropped again in September as prices of healthier soybean oil became more competitive
Market digests Saudi VLGC rate rise FREIGHT rates to ship LPG from the Gulf to the Far East remain under pressure as the market digests SAUDI ARAMCO's higher contract prices for October
Japan draws down on crude JAPAN has drawn down on crude oil stocks amassed from March to July, as the country consumed more of the fuel amid a gradual nuclear shutdown
Rate Equality Sought In Service Contracts A handful of importers in the eastbound Pacific trades sign their annual service contracts during the cold winter months when spot market rates are low and carriers are anxious to lock in cargo commitments for the coming year. More often than not, these "early-bird" signees enjoy below-market freight rates all year...
Do shippers really want a Rolls Royce service? Maersk Line ceo Soren Skou looked decidedly uncomfortable during his presentation at the Cool Logistics Global Antwerp conference recently. Skou's reefer rate hike ...
Damco acquires Oz forwarder Logistics group Damco has signed an agreement to acquire Pacific Network Global Logistics (PacNet) a leading freight forwarder in China and Australia. Damco, the ...
RFEA and Satawu talks break up Yesterday's talks between the Road Freight Employers Association (RFEA) and the South African Transport and Allied Workers' Union (Satawu) failed to resolve the ...
Scorched K Line boxship still at Mumbai anchorage
US imports up on the back of holiday retail Import cargo at the US' main retail ports is expected to record a solid year-on-year increase this month - and this ties in with stronger spot rates on ...
Jade-Weser-Port signs first regular feeder service The new German deepwater container terminal in Wilhelmshaven has seen the first feeder service commit itself to regular calls, but still waits for its first non-Maersk ...
IMF: risks to the global financial economy increased That is the grim conclusion from the latest report by the International Monetary Fund, which said that the eurozone still poses the biggest risk and urged EU leaders ...
Maersk withdraws from Iran Ci-eXpress understands that Maersk Line is no longer booking cargo to/from Iran and will in future only maintain a so-called 'dormant presence' in the country. ...
Three-years to fix Containership rates will remain under pressure for up to three more years, Drewry warns.
Nam Cheong scores in Africa Nam Cheong has made further inroads into the growing African market with the sale of another two platform supply vessels.
Torm back in the game Torm has returned to the dry-cargo period market for the first time in a year, it is thought.
UASC targets Turkey Kuwait-based container line UASC is launching a new loop to Turkey from India, the Middle East and the Red Sea.
CSC Phoenix selling down China's CSC Phoenix is selling more ships to subsidiaries to lower costs.
Diana Shipping swoops again Diana Shipping is splashing out on another post-panamax resale at Tsuneishi Zhoushan.
Siem orders again Siem Offshore has added to its newbuilding tally today by declaring options for a pair of vessels at STX OSV.
Sungdong hopeful Korea's Sungdong Shipbuilding & Marine Engineering is in talks for new orders, but an existing agreement for livestock carriers could be revised.
Maersk shares retreat AP Moller-Maersk's share price is in reverse after it threw open its doors to analysts and investors for the first time yesterday.
Keppel tipped to hit target Investors should not be tempted to jump ship just because Keppel Corp is facing a weaker quarter, an analyst says.
SCI takes tanker Shipping Corp of India (SCI) is taking over a tanker newbuilding ordered by its dissolved partnership with IRISL of Iran.
Fisher tanker towed A James Fisher tanker needed a tow after breaking down off Scotland.
Broker ponders premium Dry-bulk charterers are unlikely to pay more to charter the new breed of eco ships, a leading Greek broker says.
Double drop at Platou RS Platou Markets has dimmed its rate forecasts for capesize bulkers and VLCCs.
Too many close shaves New Zealand has logged 11 "near misses" involving ships since the Rena disaster a year ago.
Sabaro exits Polarcus Sabaro Investments has made a mint after selling its entire stake in Oslo-listed offshore owner Polarcus.
Pirates' appeal delayed Pirates convicted in the UAE of hijacking an Adnoc bulker have had their appeal adjourned until next month.
India under attack Leading shipowners have attacked India for a lack of proper policy initiatives and called for the government to unlock the hidden growth potential of the country's maritime industry.
Siem orders in Norway Siem Offshore has ordered up to two installation support vessels at a yard in Norway in a deal potentially worth $110m.
China plots global gain China is offering a helping hand to its domestic owners by laying the groundwork for expansion overseas.
Japanese orders shrink Japanese shipyards' orderbooks have contracted by 9.2m gt year-on-year to the end of August.
PNSC gas move tipped Pakistan National Shipping Corporation (PNSC) and Pakistan State Oil (PSO) intend to jointly buy LNG and LPG carriers after signing a COA deal last week.
Maersk drops Iran Danish containership giant Maersk Line has scrapped its last port call in Iran to protect business in the US.
CarVal sells OSA Goliath Oceanografia has bought a large offshore construction vessel from Cargill-owned investment fund manager CarVal Investors.
ASRY to break-up Valor Arab Shipbuilding and Repair Yard (ASRY) is set to scrap a Stolt chemical tanker damaged in an explosion in March.
Colombia to offer LSFO Bunkers International is now supplying low sulphur fuel oil (LSFO) from Buena Ventura in Colombia.
US imports to rise 10% US container imports are set to see a second consecutive strong month of year-on-year growth, according to an industry analyst.
Helix offloads MPCV Helix Energy Solutions Group has sold one of its multi-purpose construction vessels to Ocean Sub Sea Services.
Dockworker talks continue; shippers worry about surcharges Agricultural Transportation Coalition (AgTC) members continue to have concerns about announcements made by many carriers in August and early September that they might impose $800 to $1,000 surcharges.
Pattullo to step down as CEVA CEO Pattullo took the reins at CEVA five years ago following Apollo's buyout of the former Eagle Global Logistics, which was combined with its previous acquisition of TNT Logistics to form CEVA.
Damco buys Australian forwarder The company said its PacNet acquisition will give it "market leadership positions in retail and lifestyle sectors in Australia and further strengthen its position in air freight from China to Australia."
U.S. inbound volume forecast to grow 10% in October
Maersk halts Iran calls The line had mostly pulled out of Iran's main ports, such as Bandar Abbas, last year, but called at the North Iranian port of Bushehr on a feeder service.
IMO report shows upward creep in global sulphur average Close to 70% of tested distillate fuels would meet 2015 ECA sulphur limit.
Suez Canal should become 'logisitics area' Canal represents a 'lost opportunity'.
Market holds firm in Fujairah Gains also seen in South African ports.
Bunker prices firm across Europe Prices increased by around $20 a tonne in some ports.
VTTI could double Fujairah storage Work could start in early 2014.
Oman could build 'world's largest crude oil storage facility' Sharpening political tension in the region has increased interest in the project.
Charterers urged to move away from inefficient tonnage Cargill praised for making fuel efficiency a factor in their vessel chartering decisions.
Two-tier tanker market could open up, says broker Inefficient tonnage would migrate to less regulated routes.
Vysotsk terminal sees fuel oil exports rise Other oil products in decline.
Beached ships still firmly aground Vessels causing growing concern.
Dry bulk charterers 'unlikely to pay more for eco-ships' Savings for dry bulk carriers 'nowhere near' those seen in the container sector.
Bunker prices firm mid-week Supplies of bunker fuel were fine at key Asian ports on Wednesday.
New trader joins Dynamic Company is looking to expand operations.
Sinopec Zhoushan bonded sales up in September Sales up on the back of higher demand for bunkers from bulk carriers.
Chemoil shares jump on Singapore terminal sale Shares of Chemoil jumped to a six-month high at close on Tuesday.
Rotterdam, Gothernburg form LNG alliance Ports are aiming to have LNG bunkering infrastructure ready by 2015.
French firm refines LNG cargo containment system Developed in response to the improved fuel efficiency and changed operational practice of LNG carriers.
LNG articulated tug barge concept approved in princple Dual-fuel vessel will be able to perform LNG bunkering operations, says ABS.
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