Sovcomflot appoints new management members Sovcomflot, a joint stock company and one of Russia's biggest shipping companies, has appointed Igor Tonkovidov as the new executive vice president of the OAO Sovcomflot and techni...
Air Arabia now to Erbil Air Arabia yesterday (14 October) launched regular services to Erbil, its second destination in Iraq and 76th destination worldwide. The carrier offers four weekly services between...
Increasing number of Danish road hauliers benefit from ITD driving and rest time service The Trade Association for the Danish road transport of goods (ITD) now provides its driving and rest time service TachoWeb to 350 companies and 3,700 lorries, and thereby keeps tra...
Rosmorport opens ferry terminal in Olya A. Lavrishchev, general director of Russia's national shipping company Rosmorport FSUE, has officially opened a new automobile ferry port in the Russian port of Olya. The new termi...
AirAsia X suspends services to Teheran AirAsia X, the long-haul, low fare affiliate of the Malaysian carrier AirAsia, has suspended its services to Teheran Imam Khomeini airport in Iran, due to challenging economic and ...
Kombiverkehr introduces new trains The Frankfurt-based intermodal service provider Kombiverkehr is to increase capacity in its own network and introduce new trains between the Cologne-Eifeltor and Munich-Riem C...
Indian Railways hauls 481.45 million t of freight Indian Railways carried 481.45 million t of revenue earning freight traffic between April and September this year. The volume of freight that was hauled shows an increase of 2...
Daimler first to receive certification for meeting EU regulation on AEBS advanced emergency braking systems The German Federal Motor Transport Authority (KBA) has presented Daimler AG with the first certificate of approval to be issued in Europe that relates to the international regulati...
Hong Kong Air Cargo terminals appoints new managing director Hong Kong Air Cargo Terminals Ltd (Hactl) has appointed Vivien Lau as managing director of its Hong Kong Air Cargo Industry Services Ltd subsidiary (Hacis). Lau replaces Kenneth Be...
Swiss reports growth in cargo volumes in the first nine months Swiss WorldCargo, the airfreight business division of Switzerland's flag carrier Swiss, posted a 6% increase in sales in terms of revenue tonne kilometres for the first nine month...
Air Charter Service enlarges team in Germany Air Charter Service (ACS) has appointed Caroline Werf as cargo account coordinator of the team in Frankfurt am Main (Germany). The ACS affiliate in Germany was established in 2010....
Gebrüder Weiss to step up logistics solutions activities Gebrüder Weiss (GW), a global transport and logistics service provider based in Lauterach (Austria), has launched an information campaign to underline its expertise in the field of...
Ocean Rig orders additional drillship from Samsung Contract for January 2015 delivery likely to be first of three options held with yard
FMM agrees credit lines to build Açu shipyard Deal comes after new Brazil superport struggles to convince other investors
Fuzzy logic creates new sophisticated anti-piracy system WatchStander aims to transform the way that vessels pre-empt attacks
WatchStander: how it works Off-the-shelf hardware uses proprietary military-grade software
Costs, benefits and advantages Shipowners could recoup installation price from reduced insurance premiums
New studies boost LNG fuel outlook LR analysis of deepsea uptake backs DNV study highlighting strong demand
Terminals must back natural gas as a marine fuel Terminals must back gas as a fuel if a global network is to develop
Federal mediator reports 'good progress' in US dock wages talks ILA and USMX resume negotiations this week after five 'productive' days
The man who came from the mountains Minsheng Leasing president Zhou Wei has changed the maritime business in China
Chiller in Manila Labour supply firms baffled after sting leaves 19 facing charges of illegal recruitment
Jiangnan Heavy warns of third-quarter loss Prolonged industry woes spread from shipyards to equipment makers
KDB leads $334m syndicated loan for Polaris-Vale deal Policy bank backs leaseback deal to purchase 10 VLOCs
Capesize rates tick up as China reports second-highest monthly ore imports Activity has picked up and stayed high since July, supporting a charter rate increase
FreeSeas lines up cash from hedge fund Dutchess Opportunity Fund agrees three-year deal to buy up to 10% of Greek bulker owner
Strike fears see US imports peak in July Zepol data suggests fears of east coast stoppages spurred unseasonally early flows
Pre-trial Costa Concordia hearing begins in Italy Schettino in court for testimonies and review of black box data
BIMCO pledges that audits of armed guards will uphold ISO standards Draft proposal reveals that auditors will need national accreditation
China's oil imports rise in September Temporary boon to tanker industry
Houston offers 'huge premium' over Middle East VLGC spot market Premiums for the US loadings widen the gap to $30,000 versus $50,000 per day
Univan and Wallem face illegal recruitment charges in Philippines Move follows undercover sting at Luneta Seafarers' Centre
Protests shut Alang yards after three held over fatal Union Brave blast Anger over 'culpable homicide' arrest of two owners and a manager at Kiran Ship Breaking
EU investment bank seeks to lend more to maritime sector Smaller ports must combine projects to reach level at which EIB usually participates
Spanish court to hear accusations over Prestige oil disaster Prosecutors seek 12-year jail term for tanker's 77-year-old master
NYK places first car carrier order since start of the financial crisis Japanese giant is optimistic about vehicle demand despite facing antitrust investigation
The art of war Maersk capacity cuts may prompt a deadly new battle for Asia-Europe market share
Maersk Line capacity cut could bring back the dark days of 2011 Rival carriers' response will be critical for rates as demand continues to plummet
Toney Capital Holdings backs new anti-piracy system Biggest vessel repossession and auction group in US senses lucrative business opportunity
Better sea freight volumes boost K+N third quarter Group turnover up 12.4% on year, but firm warns that market growth has slowed
China Shipping Development predicts return to profitability Tanker and bulker giant expects small third-quarter profit after change of accounting
'Good progress' seen in US port talks US EAST Coast dockers and employers are returning to talks after five days of "good progress", a federal mediator confirmed
Maersk, CSAV scoop up post-Panamaxes BROKERS told Fairplay today Maersk Line and CSAV have chartered in five 8,500teu ships between them
India stays bullish in breaking market BREAKING is continuing its bullish streak in India, although concerns about a weakening rupee and Delhi's safety push could curb the trend
NYK orders four PCCs NYK TODAY said it has ordered four pure car and truck carriers to be delivered in 2014-15
Nam Cheong to issue notes MALAYSIA'S offshore support vessel builder Nam Cheong said it will issue up to S$200M ($164M) in notes
Jaya to expand in Batam SINGAPORE-listed Jaya Holdings said today it will expand its Batam shipyard by November 2013 so it can build more and larger vessels
Xiamen compensated for port switch XIAMEN International Port Group will receive 1Bn yuan ($150M) in compensation from the municipal government for land that had been reserved for its Dongdu terminal
AVIC acquires majority stake in Deltamarin AVIC International Investments said today it has agreed to acquire a majority stake in Deltamarin, the Finnish naval architecture consultancy
ExxonMobil's VLCCs reportedly sold BROKERS said today ExxonMobil might have sold its two VLCCs to Malaysian FPSO specialist Bumi Armada
Panamax prices still seeking a benchmark THE GROWING gap between secondhand Panamax prices has left market players scratching their heads over benchmarks
Seadrill IPO launched SEADRILL Partners said today it has launched an IPO of 8.75M common units in New York
CMA CGM Launches Mideast-Russia Citrus Service CMA CGM recently launched the Citrus Express, a seasonal service to transport citrus exports from Turkey and Egypt to Russia. The fixed-day weekly service will transport goods from Mersin, Turkey, to Novorossiysk, Russia, in five days; and Damietta, Egypt, to Novorossiysk in seven days. Beginning Nov. 2, the container shipping company will...
CMA CGM Restructures Asia-Med Services CMA CGM recently announced the reshuffling of its Asia-Mediterranean services, including the removal of its Turkey Shuttle, effective Nov. 8. The Turkey Shuttle comprised eight vessels of 6,500 20-foot-equivalent units, jointly operated by CMA CGM and Maersk, linking Asia to the Red Sea, Egypt and Turkey. The container carrier will maintain its...
DOT Gives Extra $2.3 Million to Maritime Academies America's six state maritime academies will receive an additional $2.3 million, the U.S. Department of Transportation's Maritime Administration announced recently. The $392,913 given to each academy is available from the sale of obsolete vessels from the Maritime Administration's National Defense Reserve Fleet and budget savings by the Maritime Administration. The academies receiving...
Reefer trade to remain resilient Drewry Maritime Research expects that the trade in perishable products over the next five years will grow at a slightly faster level that that of the past decade ...
Full-year still looking good for K+N despite Asia - Europe
US east coast Virginia port's liftings jump The Port of Virginia has seen its throughput jump by 8.1% for the first eight months of the year, hitting 785,776TEU - with shippers dashing to get their cargo ...
Hackett: Maersk cull 'unlikely to hold up rates' Maersk Line's move to reduce capacity on the Asia-Europe trades is unlikely to hold up rates as intended, according to Hackett Associates consultant Ben Hackett.'Rates ...
Sokhna strikebound again The Egyptian Red Sea port of Sokhna appears to be strikebound again, with local reports saying that dockers walked out on Saturday, following several days of go-slows. ...
MSC Flaminia: 442 boxes discharged
SA truckers unions get 27% rise over three years Further details have now emerged of the wage deal struck between South Africa's Road Freight Employers' Association (RFEA) and the country's various truck drivers' ...
China's exporters bounce back Fears of an abrupt slowdown in the Chinese economy may have been over-egged if the latest data from the world's second-largest economy is any guide, giving ocean ...
CMRE tests trigger finger Shares of Costamare took a hit in afterhours trading Monday after the Greek containership owner outlined plans for a follow-on equity offering.
Diana bulker detained The crew of a bulker controlled by Diana Shipping has been accused of using a "magic pipe" to discharge oily waste into the sea.
Crewman missing A frantic search for a missing crewman from an MSC containership is underway in the US Gulf.
GBN torches rumours Giuseppe Bottiglieri di Navigazione (GBN) has torpedoed talk that it has sold off its fleet of handysize chemical carriers.
Batista borrows more Eike Batista's OSX has bagged a fresh batch of funds to help pay for its Acu Shipyard in Brazil.
Clearlake goes Greek A Greek-owned capesize bulker has secured the highest period contract on offer in the market for more than six months.
ORIG makes it eight George Economou's Ocean Rig has inked a contract to construct another ultra deepwater drillship at Samsung Heavy Industries.
A deliberate spill? Western spy chiefs are worried that Iran could run an oil tanker on to rocks in the Strait of Hormuz to cause chaos in the Middle East.
Prestige trial to begin Three officers from the sunken tanker Prestige will finally face trial in Spain tomorrow over the 2002 disaster.
FreeSeas under pressure Falling vessel values again hurt FreeSeas in the first half of 2012 contributing to another interim loss for the company.
EU tightens Iran bans The European Union has toughened up its sanctions against Iran in a bid to force it to the negotiating table over its alleged nuclear weapons programme.
Wartsila to supply drillship Wartsila has won the contract to supply propulsion systems for six deepwater drillships under construction at Sembcorp Marine's Brazilian yard.
Hezhong plots 20-ship spree A new tanker company formed by a Dalian investment fund is planning to build up a fleet of 20 chemical tankers within three years.
Greek greats still waiting Many traditional Greek owners are still keeping their powder dry despite huge interest in second-hand bulkers, a leading shipbroker says.
Jaya to upsize Batam Jaya Holdings is planning to expand its yard in Batam as it prepares to build bigger more advanced vessels following its tie-up with IHC Merwede.
Schettino in court Former Costa Concordia captain Francesco Schettino has appeared in court in Italy as passengers took the chance to look him in the eye.
Alang hit by strike action Scrapping brought to a standstill in protest against yard owners' arrest.
Greenland grounding A Greenland ferry has been put out of action for a week after grounding in strong winds.
Oldendorff extends spree Oldendorff Carriers is tipped to have continued its bulker buying spree with the purchase of a ship from Japan's Marubeni.
KCSI bill cut The Philippines supreme court has reduced the cash payable by Keppel Cebu Shipyard Inc (KCSI) to an insurer following the fire on the Superferry 3 in 2000.
Sandfrakt adds another Norwegian shipowner Sandfrakt has added another small bulker to its fleet.
PGS firms MHI pair Petroleum Geo-Services has finally taken up options on newbuildings worth $500m at Mitsubishi Heavy Industries.
Ships still stuck Heavy seas are hampering dredging operations to free two multipurpose vessels stuck on a Spanish beach for two weeks.
Lawyer dies in Yemen A popular shipping lawyer has died after being found injured at his home in Yemen.
Seadrill IPO underway John Fredriksen's Seadrill is looking to haul in over $220m from the IPO of a master limited partnership (MLP) subsidiary in the US.
Jaws drydocked Workers at Sembawang Shipyard in Singapore thought they'd landed a big fish for their dinner after a drydock was drained earlier this month.
Damen seals Kuwait deal Dutch shipbuilder Damen is to supply 14 tugs to Kuwait Oil Company (KOC).
Cosco wins FPSO Korea National Oil Corporation (KNOC) has turned to China for a circular floating production storage and offloading unit (FPSO).
NYK orders PCTC quartet NYK has ordered four pure car and truck carriers (PCTC) at two shipyards in Japan, the company announced Monday.
Nam Cheong eyes funds Nam Cheong is looking to raise capital after setting up a SGD200m ($163m) multicurrency medium term note programme.
Canadian ship aground A Le Groupe Desgagne-owned multi-purpose vessel has run aground on the St Lawrence Seaway in Canada on Sunday.
Confusion over ransom Confusion surrounds the amount of money FreeSeas allegedly paid to have one of its bulkers released by Somali pirates.
Hyundai to stop U.S. East Coast/Asia reefer service "he decision to suspend the service is based upon prevailing non-compensatory rate levels from the East Coast and longer roundtrip voyages which translate to higher costs for HMM," the line said in a statement.
Car carriers go post-Panamax The Japanese carrier expects worldwide demand for PCTC transport to "steadily expand" and its four new vessels on order will transit the new Panama Canal locks when operational in the autumn of 2014.
Freeport names Carlson port director He previously was senior vice president of liner services and business development for the North Carolina Ports Authority, where he was responsible for marketing and pricing container, bulk and breakbulk business activities.
Direct ChassisLink joins 2 CCM pools William J. Shea, chief executive officer of DCLI, said his firm's participation in the CCM pools "will increase flexibility for our customers and supplement our existing extensive chassis supply network."
MarAd scraps ships faster than anticipated
6 U.S. maritime schools share $2.36 million
Feds: 'Good progress' made on ILA talks Talks between the International Longshoremen's Association and U.S. Maritime Alliance on a new labor contract will continue this week with assistance from the Federal Mediation and Conciliation Service (FMCS).
Cairns diesel spill cleanup complete Ports North says the operation to clear up the diesel spill is complete.
PDVSA appoints bunker traders Orlando Castejon and Zelime Gonzalez have been appointed as bunker and lubricant traders.
Fuel oil steady as Asian inter-month spread nears parity Sentiment in market was depressed as rising oil prices threatened demand.
MEPC to revisit US GHG proposal US in bid to avoid political obstacles and improve energy efficiency of all ships through future amendment of MARPOL Annex VI.
Fujairah bunker prices show little movement Good avails in Cape Town.
Bunker prices falling in Europe Above average demand in Gibraltar.
Iran facing tougher EU sanctions European companies will be forbidden from providing oil storage capabilities.
Iranian tanker 'plot' raises pollution fears A spill in the Strait of Hormuz could see sanctions temporarily lifted.
Prestige trial starts tomorrow Civil damages is said to exceed EUR 2.2bn
Company launches 'game-changing' bunker software 'Anything that can improve operational efficiency and reduce costs has major potential,' says Inatech CEO.
Phillippines oil company buys up shipping firm Chelsea Shipping supplies bunkers to US Navy at Subic Bay.
Singapore bunker sales fall to seven-month low Falls seen across all IFO grades.
Port expects record number of cruise ship visits Australian port to see cruise traffic climb by 30%.
Week opens with fall in bunker prices Supplies of marine fuels fine at key Asian ports on Monday.
NYK Line orders four 'next-generation' PCTC vessels Ships offer an improved fuel performance of 30%, says firm.
Vitol increases core revolving credit facility to $6 billion Due to 'strong demand from existing and new lenders', it says.
'Prospects' for LNG-fuelled shipping in Asia Class society may look at the prospects of LNG bunker adoption in specific regions.
Middle Eastern firm developing LNG engine technology Vessel engines will use LNG instead of fuel oil, says Qatargas spokesman.
Quantity matters At current prices, minute inaccuracies in measuring fuel delivered can impact operating costs 'significantly'.
Cappuccino bunkers: Shipowners, charterers could be 'equally at fault' Industry should not be 'quick to attribute' bunker quantity disputes to the cappuccino effect.
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