Air Arabia serves Odessa Starting today (12 October), Air Arabia is commencing a Sharjah (UAE) - Odessa (Ukraine) service. Initially, this service will be operated once a week on Fridays, b...
Modus Link receives ISO 13485 certification for medical device manufacturers Modus Link Global Solution Inc, a global leader in supply chain management, has achieved ISO 13485-based certification for the supply chain management of medical devices at its sol...
Turkish Cargo launches truck services to Athens The Istanbul-based airline Turkish Cargo is adding the Greek capital Athens to its road feeder service network in Eastern Europe and Balkans, in order to provide an enhanced servic...
Russian Railways and JSC Tatravagonka sign agreement JSC Russian Railways and JSC Tatravagonka have signed an agreement on the development and production of rail transporters with carrying capacity of up to 500 t. The pact was conclu...
AB Volvo signs letter of intent to divest plant in Spain AB Volvo has signed a letter of intent with MAPE to divest the crankshaft plant in Leganes ( Spain), which has some 150 employees. At present, part of the plant's production capaci...
UPS North America expands fleet with 40 hydraulic hybrid vehicles The US-based parcel service provider UPS is now deploying 40 new hydraulic hybrid vehicles (HHVs) in its fleet - 20 in Baltimore MD and 20 in Atlanta GA (both USA). The HHVs w...
Ceva Logistics names new CEO Ceva Logistics has appointed Marvin O. Schlanger, Ceva's current chairman of the board, to the position of CEO. John Pattullo, former CEO, retired on 12 October. Pattullo will cont...
Shipping company F. Laiesz names new car carriers in China The Hamburg (Germany)-based shipping company F. Laiesz has named two new car carriers (PCTC) at the Yang Fan Shipyard in China. The newbuildings - the "Passero" and the ...
Genesee & Wyoming completes acquisition of RailAmerica The US-based rail service provider Genesee & Wyoming Inc (GWI) has completed the acquisition of RailAmerica. GWI paid out USD 1.37 billion in cash to purchase RailAmerica's sha...
Volga-Dnepr starts construction of new Gulf maintenance facility in Sharjah Russia's Volga-Dnepr Group has commenced construction work on a new hangar facility at Sharjah airport (UAE) that will soon be providing state-of-the art MRO services for freighter...
Euro-Leasing reinforces sales division Kai Müller has become the new sales manager of Euro-Leasing's long-term vehicle hire business field in Sittensen (Germany). In this position he reports to Marcus Burmeister, who wa...
Maersk cuts Asia/Europe route capacity MAERSK Line, the world's biggest box liner, said today it plans to cut capacity on key Asia/Europe routes, on which it predicted volumes would fall 3% this year
Breaking bosses held in fatal Alang fire THE OWNERS of an Alang recycling operation have been arrested five days after six breakers were killed in a fire
United Ocean Services sold NYSE-listed International Shipholding Corp confirmed yesterday that it will acquire US-flag drybulk owner United Ocean Services for $111M
Dutchess Capital Management taking FreeSeas stake EMBATTLED Handysize specialist FreeSeas confirmed today that it has entered an investment agreement with Boston's Dutchess Capital Management
Shipowners' Club raises premiums by 5% PREMIUMS of the Shipowners' Club have been raised by 5% for the next underwriting year
Star Bulk unveils split details SPYROS Capralos-led Star Bulk today confirmed that it will effect a 1-for-15 reverse stock split on 15 October
Thailand: 'road map' agreed on Dawei port THAILAND'S government said today it has agreed with neighbour Myanmar on plans to develop the stalled Dawei mega-port
Trafigura renews Asian credit facility TRAFIGURA, the commodity trader that also charters bulkers, said today it has renewed its Asian syndicated revolving credit and term loan facility
More palm oil heads for India MORE PALM oil is expected to be shipped from Southeast Asia to India as the latter prepares for its Diwali celebrations in November
China adds two more cross-strait ports BEIJING has opened Yantai's Penglai port and Shenzhen's Dachawan port for cross-strait shipping
COSCON, CSCL unwrap domestic box deal COSCON and CSCL, two of the largest box liners in China, have agreed to joint operations for the country's domestic trade
Panamax bulker rates continue to recover RISING coal shipments to China and India have injected much-needed business into the Panamax sector, with rates rising all week
LR2 rates again near 2012 high RISING activity in the LR2 product tanker segment has pushed up rates toward 2012 highs again, brokers said today
Supramax short period business sought SUPRAMAX owners are seeking short period business because of downward pressure on the spot market
Pilbara scheme faces cuts A JOINT mining and port venture in Pilbara is the latest Oz ore project to face cutbacks, with Australia's commodity boom peaking and China's demands cooling
Maersk Line Slashes Asia-Europe Capacity Maersk Line will scrap one of its Asia-Europe services and suspend a second loop in the face of persistent overcapacity and falling freight rates. The world's largest container line will end the AE5 service and suspend sailings by the AE9 service until early December. The action by the world's largest container line...
Savannah Ocean Exchange Announces Grant Winners The Savannah Ocean Exchange Global Review Panel recently selected the two winners of the 2012 Solutions Exchange awards, which rewards organizations promoting environmental stewardship and economic growth with $100,000 prizes. The Gulfstream Navigator Award was given to Protei: Ocean Cleaning Sailing Robots, a seafaring surface vessel that carries research and environmental...
UASC to start India-Mideast Service United Arab Shipping Co. will launch a weekly container service connecting the Indian subcontinent, the Arabian Gulf, Red Sea and Turkey, starting Nov. 1. The service, called GEM1, will operate on a weekly basis with the following rotation: Khor Fakkan, Sohar, Sultan Qaboos, Oman; Karachi, Pakistan; Hazira and Mundra, India; Khor...
Boxship and general cargo vessel still aground at Valencia Two weeks after fierce storms dragged two merchant ships onto the shore of an environmentally-protected beach in southern Spain, both remain stuck firm despite ...
Israel opens tenders for two box terminals
CEVA ceo to retire CEVA Logistics ceo, John Pattullo has announced his retirement and will be succeeded by the company's chairman, Marvin Schlanger. Pattullo will however continue ...
SA truckers' strike over The truck drivers strike in South Africa is over following meetings this morning between the Road Freight Employers Association and the main union, the South African ...
US chassis pools enjoy boost The provision of chassis will be boosted following the news that Consolidated Chassis Management (CCM) and Direct ChassisLink Inc. (DCLI) have announced that the ...
Maersk takes knife to Asia-Europe service network Soft demand in the Asia-Europe trade has led the route's leading operator to take more capacity out with one string being terminated and another suspended until ...
CMA CGM's new Citrus Express targets Turkish truckers CMA CGM's new Citrus Express service between Turkey, Egypt and Russia's Black Sea port of Novo has been developed on the back of the latter country's decision to ...
Hanjin's nuclear nightmare Canada cries foul over box containing kitchenware contaminated with Cobalt 60.
FreeSeas courts Dutchess FreeSeas has inked a deal to sell stock to a US hedge fund in a move aimed at boosting its cash reserves.
CMA CGM plots reefer run CMA CGM has laid the framework for the launch of a new seasonal liner service in a bid to expand its presence in the reefer market.
Vogemann in denial Reederei Vogemann is denying reports that it has sold three bulkers to Sinokor Merchant Marine of South Korea.
Erick Martin - testing story The introduction of the story
Hadjiyiannis tied to buy Cyprus Maritime of Greece is rumoured to have purchased a panamax bulker from affiliates of diversified Japanese operator Kawasaki Kisen Kaisha (K-Line).
Kazakh conundrum A Russian cargoship has been detained in Kazakhstan for three months over its border clearance.
Three breakers arrested Three shipbreaking executives have been arrested following a deadly blast in Alang last week.
Star Bulk in reverse split Star Bulk Carriers plans to beef up its share price following a ticking off by the Nasdaq.
SFL in $105m score John Fredriksen's Ship Finance International is the latest owner to walk off with a suitcase full of cash from the Norwegian bond market.
Nelly up on debut Indonesian tug-barge owner Pelayaran Nelly Dwi Putri has seen its stock jump by as much as 10% following its IPO in Jakarta.
Avic buying Deltamarin Chinese group Avic International has agreed a EUR 32.1m ($41.67m) deal to buy Finnish ship designer Deltamarin.
Chief mate killed A seafarer has died after hitting his head in a freak accident on a grounded cargoship in Guyana.
Maersk cuts back again Maersk Line has made good on its promise to slash capacity on its Asia to Europe services again following a slump in demand.
Golar guns charter chat John Fredriksen's Golar LNG has silenced talk of a lucrative contract for one of its vessels.
Crew charged in Lagos Five tanker crew have been charged in Nigeria after they allegedly opened fire on a government patrol boat.
Polaris pens VLOC loan Polaris Shipping has secured a huge loan to help fund its $600m sale-and-leaseback deal with Vale involving 10 VLOCs.
Wartsila wins six Finnish group Wartsila is supplying fuel-efficient engines to six newbuildings in China.
Chinese walkaway TradeWinds digests the digits making the headlines this week.
Fletcher eyes more Fletcher Shipping is on the lookout for its next vessel but worries that funding is the main barrier to its expansion.
Big two in tie-up The containership arms of China's two massive state-controlled shipping groups are joining forces to weather the domestic downturn.
US crew laid off US operator Atlantic Caribbean Line (ACL) is desperately seeking new business to avoid making its remaining workers redundant.
Subsea 7 extends charter Subsea 7 has extended its charter of a subsea vessel after it saw a maintenance contract with BP extended.
Chameleons collared Four live chameleons have been confiscated from a ship's crew in Cardiff, Wales, by UK border force officers.
Deiulemar owes EUR 500m Administrators are moving in at Italian bulker owner Deiulemar Shipping, which has been declared bankrupt owing more than EUR 500m ($647m).
Cargill bounces back Cargill has rebounded from its worst quarter in over 20 years to post a 300% surge in profits at the start of its new fiscal year.
Exit the comfort zone We take a look at what was said in the market in the past week.
Traf renews funding Trafigura says it has successfully renewed its $900m Asian syndicated revolving credit and term loan facility.
FIS upbeat on supras Freight Investor Services (FIS) says a number of improving factors bode well for supramax demand prospects in 2013.
GL opens in Seattle GL Noble Denton has expanded its marine casualty investigation (MCI) practice in the US with a new office in Seattle.
Ports in LNG alliance Rotterdam and Gothenburg are teaming up in a bid to speed up the establishment of LNG as a maritime fuel.
Free Goddess released A FreeSeas handysize bulker hijacked off Somalia in February has been released, the company confirmed last night.
Maersk pulling Asia-Europe capacity The Danish carrier said Thursday it has permanently deleted a service between Asia and the Black Sea and will also suspend a service connecting Asia with Northern Europe and the Mediterranean until December.
EU regulators to deny UPS-TNT merger, reports say
Maher sues NY/NJ port authority over fees Maher, which has a 445-acre terminal in Elizabeth, N.J., said in complaint filed at U.S. District Court in Newark that the port authority's charges and fees are unlawful because they recover the agency's "local sponsor share."
Bulk pellet shipper leases space at Port of Virginia The Virginia Port Authority announced Wednesday that it approved a 20-year lease with ecoFUELS Pellet Storage LLC, a Virginia company that exports wood pellets to Europe for biomass energy production.
UASC starts new India-Middle East-Turkey service The liner carrier said the service will provide coverage of other East Mediterranean and North African ports through relay services via Port Said, as well as access to a number of Black Sea ports through relay services at Istanbul.
Virginia ports see 8.3% rise in box traffic in first 9 months
Hactl names Lau division managing director
InterManager picks new president
CORRECTION: Stifel Nicolaus on FedEx's profit expansion plan
Weekly global bunker price roundup A weekly roundup of prices across four of the world's largest bunkering ports.
Americas pricing records mixed trend to close out week The front-month WTI contract for November closed down at $91.86 per barrel.
Dutch authorities rejected appeals against 'sulphur detentions' BDN says 'nothing about the sulphur content of the bunkers that are actually used,'says Dutch Transport Authority.
Confirmed orders set to double LNG-fuelled fleet Most of them will be delivered to operators in Scandinavia.
IFO prices fall in Fujairah While other ports, a mixed picture on pricing was in evidence.
Bunker prices fall in Rotterdam Upward trend loses momentum as prices turn soft.
Chemoil will 'continue to use' Helios terminal iltanking will honour current contracts with Helios users, says report.
2020 newbuilds expected to emit 30% less CO2 Mostly driven by EEDI requirements but a third or more of reduction will be motivated by cost-efficiencies alone.
Worldscale ups bunker component for next year's rates Flat rates on key tanker rates likely to rise by 9%.
Oil prices 'to ease' over the next five years IEA says new production capacity will outstrip the weak growth in demand.
Week ends with IFO prices down Supplies of marine fuels at major Asian ports fine on Friday.
Titan tankers lose insurance cover Insurers pull back over Iran sanctions' fears.
Cargill's earning's surge One of the world's largest charterers of shipping recovers from dismal March-May quarter.
Sinopec to build $850 million oil storage near Singapore Acquires stake to build 2.6 million cbm terminal in Batam, Indonesia.
Study: Banana fibres to combat marine oil spills Fibre from stem of banana plant can absorb up to 18 times its weight in oil, researchers say.
Caltex confirms closure of Australian refinery in 2014 Set to proceed with closure and conversion of the Sydney refinery into an import terminal.
Arctic shipping route offers opportunities for 'super-slow steaming' Up to 1.5 million mt of cargo may be transported via Northern Sea Route in 2012, says the Arctic Institute.
Engine manufacturer highlights challenges of gas-fuelled engines LNG engines require 'a lot of attention on controls and system integration', says Wartsila spokesman.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Maritime
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
