Asia shipping expected to ride out stormy downturn The ongoing shipping downturn may mean more consolidation among shipping companies, but Asia will emerge from the ongoing shipping downturn as the new shipping nexus of the world, said key leaders of Singapore's maritime industry yesterday.
Singapore 2011 box traffic hits new record Singapore's ports handled an estimated 29.94 million twenty-foot containers in 2011, breaking the previous record set in 2008 by over 21,000 boxes. This advance estimate of the 2011 throughput was a 5.3 per cent increase from the year before, which registered 28.4 million twenty-foot equivalent units (TEUs).
15 more maritime firms to go green A new crop of 15 major maritime sector companies yesterday signalled their commitment to clean and green shipping practices under the Singapore Green Pledge initiative.
Globe Air Cargo awarded Vietnam Airlines UK contract Vietnam Airlines has chosen Globe Air Cargo as its general sales agent for a new route between London Gatwick, Hanoi and Ho Chi Minh City. The airline operates four Boeing B777 fli...
Temporary Egyptair capacity reduction to New York Egyptair is reducing frequencies between Cairo and New York JFK from daily to five times a week until April, deploying Boeing B777-300ER aircraft on the route.
Contargo transferring activities to Frankfurt The container terminal operator Contargo Aschaffenburg, which previously operated from the inland port of Aschaffenburg on the river Main, is transferring its activities to Frankf...
Euro 0 vehicles banned from parts of Styria Trucks and trailers in the emission class Euro 0 (vehicles older than 20 years) will be banned from 33 communities in the Austrian state of Styria from 1 March. The required Austr...
Norfolk Southern expanding Harrisburg intermodal operations Norfolk Southern, a top US transport company, is moving forward with plans to expand operations at its Rutherford intermodal facility near Harrisburg PA, after the USA's transport...
Bulgaria and Turkey sign road transport treaty Bulgaria and Turkey have entered into a new road transport treaty which is based on a framework set by the European conference of transport ministers and aims to enhance road haul...
FAA in controversy over lithium battery air carriage safety study The executive director of the Rechargeable Battery Association of the USA, George A. Kerchner, said recently said that an FAA study of the potential risks posed by transporting lit...
Port of Montreal does exceedingly well in 2011 Preliminary data shows that the port of Montreal's total volume of cargo handled in all traffic is expected to increase by more than 9%, according to Sylvie Vachon, the president a...
Gratifying throughput for Dunkirk in 2011 2010 was difficult for the port of Dunkirk, and 2011 excellent, according to Stéphane Raison, the hub's head. The port registered growing throughput for almost all types of goods ...
Ceva signs agreement with La Scuola The SCM specialist Ceva Logistics has signed a five-year contract with La Scuola, an Italian school books publisher. Ceva will manage warehousing activities for materials and books...
GAC Group expanding in Nordic countries The GAC Group has expanded its Nordic ship and liner agency and project logistics network with the acquisition of the shipping subsidiaries of the Lehmann Nordic Group. The acquis...
Grant Daly named Safmarine CEO from February Safmarine has appointed Grant Daly as its new CEO with effect from 1 February. South African-born Daly, currently the head of Safmarine's multipurpose vessel unit, joined Safmarin...
New head for Quehenberger Romania Cristian Albu has been named as the new head of Quehenberger Logistics in Romania. Albu, who has 15 years of forwarding and logistics experience, was last in charge of developing ...
Rieck Logistik expanding Berlin-based Rieck Logistik is now the majority shareholder in the Rostock-based freight forwarder Homtrans Service. Rieck originally took a 35% stake four years ago. The Rieck gro...
Explosions force Maersk to check whole reefer fleet Experts point finger at counterfeit refrigerant
Reefer owners need standardised testing Progress has stalled, says TT Club
Opportunity knocks for quality operators People don't want their reefer boxes blown up so they are going to turn to people that know how to run them, says GE Seaco's Andrew Evans
Drewry forecasts freight rate rally in late 2012 But outlook is bleak for box lines in the short term
Keep cool over LNG shipping in Arctic Shipping LNG from Norway to Japan via the Arctic Northern Sea Route may not be the hoped-for time saver
Angolan activity rattles oil services supply chain Effects felt beyond rigs and offshore support vessels
Namibia plans to scrap licensing and switch to bid rounds Recent estimates put offshore reserves at 11bn barrels,rivalling the estimated 13bn barrels offshore Angola
Angola's pre-salt formations may yield Brazil-scale riches Geological charts suggests that features similar to the super-giant Brazilian discoveries also exist in West Africa
Is shipping's glass half full or half empty? Prospects for shipping and the economy are tied to the environment and wider social change
Demise of SeaFrance can give ferries industry a fresh start The time is therefore right for a proper debate in the UK about what is needed from ferry services
Maersk to inspect all reefer boxes World's largest operator of refrigerated containers instigates an inspection of its entire fleet of containers following the explosions that killed three people last year
Costamare keeps payout steady Greek containership owner says aim remains to increase dividend over time
Chinese banks slow to process loans Delays of up to nine months are common
Lines make plans as protests keep Nigerian ports shut No sign of end to nationwide strikes
Product tankers wary as US gasoline use set to fall further More fuel efficient cars and fewer drivers cut consumption and imports
Stena ponders five LNG ship order Possible $1.2bn investment in tonnage after talks with Russian charterers
Alma Maritime charters out suezmax for one year at $16,000 per day Greek owner reported to have accepted price that is half the level of previous Sanko deals
Repairs carried out on Vale Beijing Still no date for towing to repair yard
Vinashin debt woes hit London insurance market Hard-up shipowners forced to reschedule
McQuilling acquires Singapore-based bulk carrier brokers New dry cargo business adds to group's offerings in Asia
Vale declares force majeure on Brazil contracts Heavy rains and mudslides disrupt 2m tonnes of iron-ore exports
Polar opposites Russia must compromise for countries to agree a polar shipping code
Navios Acquisition inks charters for five upcoming MR2 newbuildings Deals enable owner to 'patiently await' market upturn, says Angeliki Frangou
Global supramax charter rates hit lowest level in three years Daily rates out of US Gulf fall $4,000 in two days
All change at Maersk Why Eivind Kolding chose to quit continues to preoccupy the container shipping world
Koreans reportedly mulling joint bid for GTT KOREAN shipbuilders are reportedly preparing a joint €1Bn ($1.27Bn) bid to take over French gas carrier design specialist Gaztransport & Technigaz (GTT)
Warship squeezes out pirate mother ship PIRATES on the hijacked Greek-owned chemical tanker Liquid Velvet were forced by a UK warship's crew to abandon attacks on cargo ships in the Gulf of Aden
Navios fixes growing fleet ANGELIKI Frangou's tanker unit Navios Acquisition today confirmed steady progress in placing its newbuildings on long-term charters
Liners box up rate war THE LINER rate war that enlivened last year is likely to wane in 2012, a key box sector analyst predicted today
Seaspan's buyback is oversubscribed GERRY Wang-led Seaspan today confirmed that its tender to buy back shares enticed more than twice as many sellers as stock on offer
Oz investigates sinking INVESTIGATIONS have begun into the how the cargo ship Tycoon sank this week at Christmas Island, a territory of Australia in the Indian Ocean
Vale force majeure affects Capesize sector STORMS in Brazil have caused Vale to declare force majeure on several of its iron ore sales contracts, from today
Lloyd Fonds settles claim LISTED Hamburg KG house Lloyd Fonds today announced that it had settled its debts with German shipping banks
VLCC rates seen slipping FIXTURE rates for VLCCs over the rest of January are softening and could be lower than in December, brokers told Fairplay today
Brokers exploit Heidi CHARTERERS are exploiting concern about Cyclone Heidi to push down rates for bulker shipments from Australia, brokers told Fairplay today
Pacific Alaska Freightways Buys Forwarder Pacific Alaska Freightways, a trucking and intermodal operator with headquarters in Fife, Wash., acquired Seattle-based Southern Alaska Forwarding. The...
Chamber's Donohue Pushes Six-Year Transport Plan U.S. Chamber of Commerce President Thomas J. Donohue said on Thursday Congress should pass a long-term surface transportation bill that...
Asia-Europe Rail Operators Expect Boom Rail services linking Asia and Europe are set to boom as shippers take advantage of an operation that is faster than...
Weiss Rohlig Acquires Japanese Logistics Firm Weiss Rohlig said the recent acquisition of Japan's JHB Express will benefit the joint venture's U.S. customers and tap...
Port Tracker Expects US Imports to Rise in Spring Import volume through major U.S. container ports should be nearly flat in January before rising this spring, the National Retail...
Strike Closes Nigerian Ports, Stalls Maersk Service National strikes have shutdown Nigeria's ports, forcing Maersk Line ships to wait until the protests over the cancellation of popular...
Regulation Alert! A year after President Obama signed the Food Safety Modernization Act into law, the Food and Drug Administration says it...
ILA's Opening Shot An International Longshoremen's Association demonstration outside a New Jersey container terminal may be a hint of things to come as...
Staying Afloat Ocean carriers are at a turning point. The financial results paint a picture of an economically troubled industry that has...
US Manufactuers Expect Modest Growth in First Half U.S. manufacturing is expected to continue growing but at a more moderate pace during the first half of 2012, according...
Ambassador Bridge Owner Moroun Jailed Billionaire trucking executive Manuel "Matty" Moroun, owner of the Ambassador Bridge, was thrown into jail Thursday for failing to obey...
US Retail Sales Growth Slowed in December U.S. retail sales grew in December at their slowest pace in seven months but finished 2011 with a year-over-year rise...
FDA to Freeze Orange Juice Import Supply Chain The Food and Drug Administration is freezing orange juice imports at U.S. ports while it tests shipments for the presence...
Seaspan Says Buyback Offer Oversubscribed Seaspan said its offer to buy back up to $169.5 million of its stock has been oversubscribed and that it...
Ocean Shipping May Face 'Deepwater Horizon' Test Container shipping may face its "Deepwater Horizon moment" if a casualty involving a large vessel overwhelms the salvage industry's ability...
Heathrow Cargo Traffic Jumps 14.2 Percent London Heathrow airport boosted cargo traffic 14.2 percent in December from a year ago, a record for the month and...
NC Ports CEO Eagar Forced Out Tom Eagar, CEO of the North Carolina State Ports Authority, was forced out of office this week in a shakeup...
JOC's Szakonyi Tours Panama Canal During Expansion Project (Video) On the first day of a two-day Panama Canal tour, JOC Editor Mark Szakonyi checks out a Hamburg Sud container...
Asia Container Exports to Europe Plunge 5.8 Percent Asian container shipments to Europe in November fell 5.8 percent from October and were down 5.3 percent year-over-year, as the...
Asia-Europe Rates Rise for Fourth Week Average spot rates on the Asia-Europe trade lane increased this week for the fourth week in a row, as European...
CMA CGM Hikes India to Europe, Mediterranean Rates French ocean carrier CMA CGM imposed a general rate increase on westbound trade moving on its Epic service from India...
DP World (Belgium) improves inland connections DP World has started operating Beverdonk Container Terminal just outside of Antwerp. The barge 'transferium' is located approximately 30km outside the port, in ...
Shanghai keeps top spot for 2011 According to preliminary figures, Shanghai port comfortably retained its position as the number one container hub in the world during 2011 with pro-forma volumes ...
MSC to grow UK rail traffic with Freightliner MSC has renewed its rail contract with Freightliner in the UK, and looks set to increase its market share significantly. Commenting on just the basic terms of the ...
Nigeria is on the brink With Nigeria's national strike now in its third day, concerns are growing about the lawlessness that now prevails and the deeper divisions that are manifesting ...
Strong end-year growth in laid-up boxfleet Unsurprisingly the number of mothballed containerships has spiked in recent weeks as winter season capacity reductions and culled services increased the idled pool ...
Moody's slashes Wan Hai's outlook to negative Taiwan ocean carrier Wan Hai has had its credit outlook downgraded from stable to negative by Moody's Investors Service due to depressed freight rates, high bunker ...
CSA announces 2012 rate restoration regime The members of the Caribbean Shipowners' Association (CSA) have announced their rate restoration programme for the coming year. The objective of the plan is to ...
India moves to partially open up retail sector India's 1.2 billion consumer market will have the opportunity to buy a coffee at Starbucks or a wardrobe at Ikea in a relaxation of legislation announced ...
Daly appointed as Safmarine's new ceo It perhaps comes as no surprise that Safmarine's new ceo is its current head of the multipurpose vessel division, Grant Daly. He has been with the carrier for 17 ...
Zim Line also targets rate increase from Indian sub-continent to Europe Zim Line has joined the list of ocean carriers seeking to increase freight rates from the Indian sub-continent to Europe. With effect from February 1, it will target ...
Singapore bunker sales up 5.6% year-on-year MPA statistics show bunker sales have risen every year since 2003.
Fujairah prices soften Fuel oil prices fall in most markets, especially South Africa.
Bunker prices mixed in Europe Avails tight for HS marine fuel in Rotterdam.
New threat to oil output sees NYMEX climb Nigerian oil workers 'to stop all production from Sunday'.
Rolls-Royce to provide engines for LNG tugs 'The combined power and propulsion system is estimated to give a reduction in fuel consumption of up to 30%.'
Maersk to upgrade its satellite communications technology Ericsson equipment will help Maersk Line gather information about vessel operation and bunker consumption.
Global Vision Bunkers welcomes new team member The global trader and broker employs Baltic Exchange Representative.
Sources report 'panic-buying' as prices rise 'Heavy' demand for bunkers keeps IFO stocks low.
Oil sheen spreads from Rena wreck Severe weather expected on Friday.
Bunker prices weakening in Asia Traders report average demand.
'Floating gas station' owner convicted of pollution charges in Hawaii Keoje Marine fined $1.15 million for discharging oily bilge waste into US waters.
IFO shortage persists in Singapore bunker market Some fuel oil cargoes arriving at the port have more than 3.50% sulphur content.
European refiners in tie-up talks Total SA and Ineos AG in partnership talks for La Mede refinery and Lavera facility.
Mexican bunker supplier expands local operations Starts physical supply of IFO and MGO at port of Veracruz in the Gulf of Mexico.
South China fuel oil stocks decline Stocks expected to ease further in the coming week on slowing demand.
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