No new underwriting for Syndicate 1965 MORE natural disasters in the Asia-Pacific last year have stopped Lloyd's first Singapore syndicate, Syndicate 1965, from accepting new underwriting business, but that will not mean other Lloyd's outfits in the region will follow the same route, Lloyd's CEO Richard Ward told BT yesterday.
Oil tanker glut remains at 4-week high A surplus of the largest oil tankers competing to load crude at Persian Gulf ports stayed unchanged after reaching a four-week high last week, a survey showed.
Maersk leads the way in biofuel development AP Moeller Maersk A/S, the world's biggest container ship owner, is leading its industry in developing biofuels made from organic waste that could cut its carbon emissions and reduce a US$6 billion- a-year fuel bill.
RAK introduces service to Kathmandu Effective today (15 February), RAK Airways, a carrier based in Ras Al Khaimah (UAE) offers a thrice weekly service to Kathmandu. The Nepalese capital is the eleventh destination of...
DB Schenker Rail boosts GB/Poland services The German service provider DB Schenker Rail is stepping up its railfreight offer between Poland and Great Britain by adding a second weekly train service from next September. A we...
Alstom to supply new full signalling system to Denmark Banedanmark, the Danish railway infrastructure owner, has awarded Alstom a contract worth around EUR 300 million to replace the existing signaling system in the eastern region of D...
Expansion of the Canada-China air transport agreement The Canadian government is committed to strengthening its important trade and investment relationship with China. To this end, Prime Minister Stephen Harper has announced an expans...
IRU and European Commission join forces to promote the 112 emergency number The European road transport industry, as represented by the IRU, is throwing its weight behind the European Commission initiative to promote the single European emergency number 11...
Hyderabad airport inaugurated second runway Rajiv Gandhi International Airport (RGIA) in Hyderabad (central India) inaugurated its second runway on 10 February. The new parallel runway is 3,707 m long and makes RGIA the fir...
idem GmbH launches mobile trailer position location telematics The telematics specialist idem GmbH has enhanced its product range by the addition of a mobile telematics box TControl W108. Idem's managing director Pete Jendras said that the new...
Nailesh Gandhi awarded India's WCO Certificate of Merit Nailesh Gandhi, the director of M/s. Express Transport Pvt Ltd and president of the Bombay Custom House Agents' Association (BCHAA), was recently awarded the WCO Certificate of Mer...
CMA CGM introduces rate increases on 1 March With effect from 1 March the French container shipping company CMA CGM will increase the rates from India and Middle East Gulf to East Africa (Mombasa and Dar es Salam) by USD 250...
Hamburg reports good results for 2011 The port of Hamburg, Germany's largest universal port, achieved a seaborne cargo throughput totalling 132.2 million t in 2011. This represents an increase of 9.1% compared to the p...
Imperial subsidiary Regent acquires majority stake in Lübcke Marine Assekuranzmakler Regent Insurance Brokers (Europe) GmbH, based in Bremen (Germany), became the new partner of the Bremen-based marine insurance broker Lübcke Marine Assekuranzmakler GmbH at the beg...
Ceva expands LCL service offerings with new lanes from Houston Logistics and SCM specialist Ceva Logistics has opened two new lanes as part of its less-than-container load (LCL) ocean offering. The new lanes from Houston TX (USA). to both Sing...
Rhenus bundles Asia businesses into a holding company The Germany-based Rhenus group bundled its Asia businesses into a new entity called Rhenus Logistics Holding Asia Pte Ltd at the beginning of the year. Hong Kong-based Rhenus Logis...
Kintetsu World and Gati Ltd to form logistics joint venture The Japanese logistics company Kintetsu World Express plans to invest INR 268 crore for a 30% stake in a joint venture with the Indian enterprise Gati Ltd to gain access to the gro...
Scorpio Tankers likely to sell three MR tankers at a loss Company launched in 2010 on a mission to buy low and sell high
IRAN UPDATE An exclusive Strait of Hormuz risk analysis by Lloyd's List
Los Angeles posts record January volumes Boost from Chinese new year helps to notch up 5.8% rise to just under 699,000 teu
Standard PMSC contract to set strict insurance requirements BIMCO's Guardcon will penalise firms with inadequate cover
Banks shorten ship loan maturities Terms of trade shift in favour of lenders as number of players shrinks
Iran premium develops in VLCC spot market as many owners steer clear Overcapacity is capping significant gains but two-tier chartering opens up as implications of EU sanctions on insurance start to bite
Profit sharing and cost cuts help Seanergy back into the black After disposal of 26-year-old handymax, Greece-based owner eyes further fleet renewal
Tui edges closer to Hapag-Lloyd exit Agreement with Albert Ballin consortium will see tourism group reduce its stake from 38.4% to 22% after June 29
Has shipping overestimated private equity funding? Survey highlights a chasm between hope and reality when it comes to securing finance
Filming, or its threat, can change behaviour The modern compulsion to video everything with our smartphones can prove useful in shipping disputes and casualties
Hapag-Lloyd goes back to basics Carrier defies the downturn to post a profit
Boxship chartering market pins hopes on lines' freight rate restoration Increases in container rates could filter down to prices paid to charter vessels
Freedom? It's all relative The interests of China shipowners clash with those of its ports and shipyards
Mediterranean MR spot market activity up 49% in late-2011 Drewry says reported chartering deals increased during fourth quarter
BLT vessel targeted in California over bunker arrears KPI Bridge Oil lays Rule B trap for arriving chemtanker Partawati in San Francisco Bay
Costa Concordia compensation deadline extended as US claims grow Nearly 40 passengers now involved in Miami lawsuit
Fortescue downgrades first-quarter iron ore target Western Australian cyclone hits miner's operations
Great Eastern Shipping delivers second of three VLCCs in resales Brokers say deal done with Maersk Tankers at $105m apiece
When is state aid not state aid? The cases of Hapag-Lloyd and Liverpool council send very different messages about what constitutes state aid
WWH bounces back Improved deepsea car carrier market drives 49% increase in earnings
On song for Europe China's pledge to aid the EU is good for trade - and canny diplomacy
South Africa regulator rejects NPA bid to raise tariffs Ports struck out for an 18% increase to fund infrastructure investment
Varun Shipping posts 17.8% fall in net profits Indian LPG specialist sees lower exchange gains, higher port fees and bunker costs
Bergen Group reports 12% increase in annual revenues 2011 was a busy year for offshore support contracts
Widdows takes over at Rickmers-Linie Jan Steffens steps down after 10 years
The downfall continues Greeks have let themselves down, now Europe looks like it might be about to fail Greece
Citic Pacific names Cosco preferred carrier in steel shipping pact Chinese state-owned majors to co-operate as economic growth slows
North African woes boost Spanish ports Throughput up 6% as container transhipment volumes get a boost from cargo shifted to Spain to avoid disruption in other regions
Samho's shipyard arm faces liquidation South Korean court removes unit from receivership
Court orders Samho Shipbuilding liquidated A SOUTH Korean court has ordered liquidation for Samho Shipbuilding, a unit of insolvent Samho Shipping
Widdows to run Rickmers LINER shipping veteran Ron Widdows made a surprise comeback today with Rickmers
Hapag's earnings dive HAPAG-Lloyd said its earnings nosedived last year, but it still posted a positive operating result of €101M ($133
New Concordia suit filed A HALF-billion-dollar lawsuit has been filed in a Florida state court against Carnival Corp on behalf of Costa Concordia accident victims
Ex-Cunard worker charged A FORMER Cunard worker has been charged with sexually assaulting a 13-year-old boy and possessing child pornography on a cruise ship
Chile's dockers strike DOCKERS across Chile are beginning a two-day national strike today, IHS Global Insight reported
BLT legal woes mount INDONESIA's Berlian Laju Tanker faces yet another suit in the US, with bunker supplier KPI Bridge Oil now joining the fray
Seanergy swings to profits RESTIS-controlled Seanergy today reported positive earnings in its latest quarter but warned of weak conditions ahead
Sovcomflot-Glencore fleet deal agreed RUSSIA'S government-owned fleet operator Sovcomflot said international commodity trader Glencore will take over, market and operate four of its new product tankers
Grain cargoes lift Panamaxes THE GRAIN season is giving Panamax bulkers a much-needed lift after the Baltic Dry Index dived to a 25-year low earlier this month
STX OSV stock surges to high since its IPO SHARES of Singapore-listed Norwegian offshore support vessel builder STX OSV surged to a post-IPO high after it announced a 50% y/y jump in net profit to 1.6Bn kroner ($280M) yesterday
VLGC premiums seen BROKERS told Fairplay today charterers are paying more to secure VLGCs as the cold snap in Europe and East Asia raises heating demand for LPG
VLCC charterers rebuffed BROKERS told Fairplay today VLCC owners are stalling charterers by refusing to fix Persian Gulf/East voyages for less than Worldscale 50, or $11,300/day
WWH's profits rise RECORD strong car shipment volumes helped Wilh. Wilhelmsen Holding, the listed Norwegian holding company, to record a sharp rise in full-year 2011 profits
Chemoil returns to black SINGAPORE-listed bunker supplier Chemoil said it made $46.3M for 2011, reversing 2010 losses of $9.5M
Port Tracker Says Container Imports Will Decline This Month Containerized imports at the major U.S. gateways will decline in February, but volumes will pick up in the spring, according...
TIFIA Grant Requests Outpace DOT Supply 107-to-1 Requests to Department of Transportation for infrastructure loans in fiscal 2013 outpaced supply nearly 107-to-1, as Congress and President Obama...
UPS Acquires European E-Commerce Provider UPS recently acquired Kiala, a Brussels-based provider of goods bought on the Internet, as the parcel giant attempts to tap...
Echo Global Logistics Sales Top $600 Million in 2011 New customers, higher truck freight volumes and significant rate hikes pushed revenue at Echo Global Logistics up 41 percent last...
Port of LA Container Traffic Rises 5 Percent Containerized traffic at the Port of Los Angeles increased more than 5 percent year-over- year in January, as a ramp-up...
Shippers Doubt Asia-Europe Rate Push Will Take Excess vessel capacity and rate wars will doom liner efforts to hike rates on Asia-Europe services, said several shippers and...
Stalled Indian Terminal Project Moves Ahead The Indian Supreme Court's recent rejection of DP World's appeal to review its rejected tender offer for a yet-to-be-built container...
Boehner Pushes Surface Transport Vote Back Facing shaky support for his surface transportation bill, House Speaker John Boehner said he will delay the vote on the...
Hapag-Lloyd Bucks Industry Trend With 2011 Profit Hapag-Lloyd's operating profit in 2011 declined 83 percent to $133 million from $770 million in 2010, but the German carrier...
Poultry, Egg Exports Hit Record in 2011 U.S. poultry and egg exports jumped 17 percent to a record $5.1 billion in value last year, as shipments of...
CMA CGM Enlists IBM to Improve Operations, Cut Costs CMA CGM Group and IBM formed a partnership to develop a information technology unit to support the French carrier's operations...
CSAV Lost $1.24 Billion in 2011 CSAV lost $1.24 billion last year, including $959 million on continuing operations, but the Chilean carrier said its deficit narrowed...
Ron Widdows to Head Germany's Rickmers-Linie Ron Widdows, the former chief of Singapore-based Neptune Orient Lines, will become CEO of Germany's Rickmers Holding and Rickmers-Linie shipping...
Eastbound Trans-Pacific Rates Slip 1.6 Percent Average eastbound trans-Pacific spot rates fell this week for the first time in 2012 as vessel overcapacity and slack seasonal...
Panama bounce continues The strategic significance of the Panama Canal and the location of its ports as hubs for Latin America were the principal reasons for another strong rise in container-handling ...
ESC wants more action on piracy Given the violence of recent attacks by pirates on cargo ships, the latest positioning paper issued by the European Shippers' Council (ESC) has added poignancy.Pointing ...
Widdows back on the bridge Less than two months after retiring as chief of Singapore's Neptune Orient Lines, Ron Widdows is to take the helm as ceo at the iconic German, vessel owner/operator ...
Charleston deepening gets USD3.5 million in US president's budget The US East Coast port of Charleston has seen its plan to deepen its harbour move forward after President Obama's budget allocated USD3.54 million for its post ...
Albert Ballin to increase stake in Hapag-Lloyd The Albert Ballin Group has agreed to increase its stake in Hapag-Lloyd from 61.6% to 88% by the end of June 2012. The price to be paid is unclear as it involves ...
South African regulator slashes TNPA's proposed tariff hike The Ports Regulator of South Africa has rejected Transnet National Ports Authority's (TNPA) planned 18.06% hike in port tariffs for the 2012/13 fiscal year which ...
Hapag-Lloyd back down again Hapag-Lloyd's trend breaking return to bottom line profitability in Q3 11 appears to have been short lived according to provisional results just released for Q4 ...
China's heir apparent calls for 'dialogue not protectionism' On a visit to the US, China's 'leader in waiting' Vice-President Xi Jinping, has hailed the need for further economic co-operation between the two super-powers, ...
Rena salvage bill surges past USD100 million New Zealand's environment minister, Nick Smith, has said that a 'crude estimate' of the salvage costs to date since the MSC-operated boxship Rena hit the North ...
Textainer on a high It was a record year all round for the world's biggest lessor of maritime containers Textainer. Revenues, profits, the size of the company's equipment ...
Crude climbs as Iran cuts crude exports to EU nations 'Iran is cutting off its exports to the European countries before they can cut Iranian imports,'says Director.
New bunker trader with Dan-Bunkering She will work from Middelfart head-office.
Prices falling across Europe Congestion in Gibraltar.
Sanctions hit Iranian fuel oil exports Western sanctions limit ability of some regular players to buy Iranian material.
Fujairah market stable Mixed market in Cape Town.
Norwegian firm announces 'accurate measuring product' for bunkers Coriolis-type fuel meter system said to have saved one customer $27,000 on one single bunkering as it documented supplied volume.
New ECA will 'push up global low-sulphur fuel oil prices' North American ECA will 'trigger further tightening in supplies.'
European hub port backs LNG Hamburg wants 'more emphasis on green technologies.'
Hapag-Lloyd 'performed well' in 2011 Despite a difficult operating environment dominated by 'aggressive price war' and sharp increase in bunker prices.
Asian bunker prices generally firming mid-week Sluggish bunker demand in Asian bunker hubs.
Golar boosts fleet with two fuel-efficient newbuilds Newbuilds to be fitted with tri-fuel diesel electric engines which emit less pollutants and CO2, it says.
'Very strong link' between emission and costs reduction Maersk developing biofuels in efforts to cut carbon emissions and reduce its $6 billion annual fuel bill.
Singapore IFO avails at 'sufficient' levels Plenty of on-specification fuel oil cargoes have started arriving at the port.
South Korean firm welcomes new trader New trader joins OceanConnect Marine Korea effective February 10, 2012.
More movements among Chemoil's board of directors One Glencore representative resigns, another appointed to Chemoil's board of directors.
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