Italy accident could hit cruise industry The spectacular cruise liner accident off the coast of Italy is not just a disaster for the ship's owners, but could inflict wider damage on an industry already facing stiff headwinds.
Samsung wins 2.6t won LNG plant order Samsung Heavy Industries Co won a 2.6 trillion won (S$2.9 billion) order from Japan's Inpex Corp to construct the world's biggest liquefied natural gas processing facility, helping the shipbuilder boost offshore projects amid slowing demand for vessels.
China oil shipments on the rise China expanded its share of global crude oil shipments in 2011, with government-owned trader China International United Petroleum & Chemical Corp rivalling Royal Dutch Shell, currently the world's largest charterer.
Goodman: new logistics centre for VW commercial vehicles The property developer Goodman has handed over the first hall section at a new logistics centre in Hanover (Germany) to Volkswagen Nutzfahrzeuge. The facility will be used for the ...
USD 186 million to expand high-speed railway in the US Midwest US transportation secretary Ray LaHood awarded more than USD 186 million to the Illinois Department of Transportation (IDOT) for a high-speed rail project. The project will extend ...
Freightliner launches new improved biomass wagon The UK-based bulk rail freight company Freightliner Heavy Haul has unveiled its new prototype covered hopper wagon that has been developed for the biomass market. The wagon is a mo...
Teleroute survey: forwarders expects secure electronic handling A survey carried out by Teleroute, a leading pan-European online freight and vehicle exchange, revealed that the majority of forwarders are interested in simpler and yet secure met...
EU motorways of the seas project progressing to final stage The prototypes of the EU's monitoring and operation services for motorways of the seas are reaching the final stage, as the project prepares for its so-called prototyping informati...
Hong Kong Airlines suspends Moscow service As per today (16 January), Hong Kong Airlines is suspending its thrice-weekly service between its home base and Moscow Sheremetyevo airport (Russia). The link was operated by Airbu...
Gruchow joins BVL advisory committee Dr Andreas Gruchow, board member of Deutschen Messe AG, has been appointed to the advisory committee of the German logistics association BVL (Bundesvereinigung Logistik e.V.). The ...
Horizon Lines completes mandatory debt conversion The US- bases shipping company Horizon Lines Inc has completed the mandatory debt-to-equity conversion of approximately USD 49.7 million of the company's 6% series B mandatorily co...
Lufthansa Cargo posts record tonnage in 2011 Lufthansa Cargo boosted tonnage to an all-time high last year. Germany's biggest cargo airline carried around 1.9 million t of freight and mail in 2011, an increase of 5% o...
Carrier Transicold wants its electricity from renewable sources only The headquarters of Carrier Transicold's European corporation in Rueill near Paris (France) wants to reduce the carbon footprint of its production of truck and trailer refrigeratio...
Senegal Airlines awards global GSSA contract to ECS Group Senegal Airlines has appointed ECS Group as its worldwide air cargo general sales and service agent (GSSA). The agreement sees ECS responsible for marketing the cargo capacity of...
Jonen Freight turning into Dachser The South African logistics firm Jonen Freight is to start trading under the name Dachser South Africa (Pty) Ltd with immediate effect. The move comes only one year after the Germa...
DB Schenker Logistics takes over Suomen Kiitoautot Oy (Finland) Oy Schenker East A, DB Schenker's national subsidiary in Finland, agreed to purchase the entire share capital of the Finnish transport firm Suomen Kiitoautot Oy on 12 January. Up u...
CEO Cees van Gent leaving Lehnkering In the wake of the takeover of Lehnkering by Imperial Logistics International on 2 January 2012, Lehnkering's CEO Cees van Gent decided to resign and take up another challenge. Ger...
Léon Meier, founder of Airnautic, died on 8 January Léon Meier, founder and president of Basel (Switzerland)l-based Airnautic Ltd, died after a brief illness on 8 January 2012. He was 89. His colleagues and business partners will mi...
Gebrüder Weiss reshuffles air and sea management The Austrian transport and logistics service provider Gebrüder Weiss has implemented some internal changes in the top management of its air and sea operations. The former air and ...
Greece 'loses billions' from lost maritime opportunities, says Hellenic Chamber In new year appeal, president George Gratsos says there are 'two Greek shippings'
Costa Concordia will be scrapped, predict experts Ever bigger ships make salvage more difficult
Investors in insolvent Dr Peters fund set to buy back auctioned tankers Move to acquire aframaxes DS Performer and DS Power would set a precedent for the KG industry
More than 15 ships reported detained in Mumbai Dispute over payment of export duties blamed
Oil demand to grow by 1m barrels per day in 2012, says Opec Developing countries drive growth as demand falls in US and Europe
The human factor No matter how well the cruiseship safety regulations are framed, you cannot legislate for people's behaviour at a time of crisis - including panic
A timely warning Costa Concordia grounding highlights salvors' shortcomings
Boss blames 'showboating' master for grounding of Costa Concordia Operator says it did not authorise cruiseship's change of course
15-year-old panamax bulkers lose a fifth of their value in a month Dry-bulk rates sees secondhand prices plummet
Middle East-Asia VLGC charter rates hit eleven-month low But ships carrying cargoes to the Atlantic command $5,000 premium
Chittagong breakers appeal against 5% scrap ship import tax Bangladesh prices could fall by $25 per ldt, which along with reduced access to finance has caused hesitation in local markets
Industry fears Costa Concordia insurance loss of $600m-$800m Record loss will see marine market harden
A ship is its 'own best lifeboat' Amended safety regulations targeted cruiseship passenger safety
European box imports fall 6% in November Lowest volume since February 2011
'Uncharted rock' theory one line of investigation But operator Costa blames human error instead
Three modern VLCCs for sale Prices paid anticipated to be notably below last done levels
Costa Concordia insured under global programme Insurers include Allianz Global Corporate & Specialty, Axa, Generali, Chartis, XL Insurance and Royal Sun Alliance
Teekay Offshore returns to Norwegian bond market Contemplated issue of five-year bonds aims to raise $82m-$115m
IMO urges rapid investigation of Costa Concordia casualty Passengership safety regulations could be amended
Box carriers' reliability slides again Arrival on the day expected or the day before falls for third month in a row, says SeaIntel Maritime
Torm seeks new debt deferral Industry sources say sale or split is possible as company braces itself for 2011 losses
DNV defends Vale Beijing design Ship was loading according to approved procedures, says class society
Italian law will force owners to remove Costa Concordia If declared a wreck, the stricken cruiseship will be dismantled at a Mediterranean yard
Costa Concordia: we need facts, not speculation The competent authorities must act expeditiously to examine precisely what went wrong in the Costa Concordia casualty
Long Beach box volumes slip after loss of major customer California United Terminals' defection to rival port Los Angeles sparks 3.2% fall
London market to shoulder cost of Costa Concordia casualty Damage likely to top $150m
Capital Product seals added periods with BP for two tankers New deals are 'a modest positive' despite lower rates, says analyst
PSA reports 29.4m teu record for Singapore Ports group says 2012 brings uncertainty
Three missing after collision in Qiongzhou Strait Chinese general cargoship sinks fishing boat
Five dead, six missing after South Korean tanker explodes near Incheon Doola No 3 unloaded gasoline before the blast
Cruise shares lose heavily SHARES in Carnival Corp & PLC and Royal Caribbean Cruises Ltd lost heavily today in reaction to the Costa Concordia disaster
Foschi adds disaster details COSTA Crociere's CEO Pier Luigi Foschi today revealed why Costa Concordia's captain strayed from the standard course and addressed questions on its evacuation
DNV rules out wide deficiencies for VLOCs DNV SAID today its tests have shown that VLOC structural problems were probably caused by insufficient "local buckling strength", rather than wider deficiencies
Another VLCC for Sinokor? SOUTH Korea's Sinokor Merchant Marine might pick up another bargain VLCC if talks with Gulf Marine Management succeed, brokers said today
Buss beats KG trend HAMBURG KG house Buss Capital said today it increased its equity placing volume last year against the odds by 55%, to €155M ($196
Bulker S&P holds steady PRICES for secondhand bulkers are softening, but sales remain steady, brokers said today.432334.timg
TORM expects more time TORM SAID today it is in talks with its lenders to extend temporary deferral of installments and a covenant standstill
Recorder holds key to disaster SEARCH operations are continuing today in Italy as rescuers try to find up to a dozen survivors missing since the weekend cruise ship disaster
Box rate climb viewed as short lived NEW YEAR rate recovery is likely to halt for the box sector after the Lunar New Year holidays next week, analysts warned today
Bankruptcy steps ordered at Russian yard A RUSSIAN court has ordered bankruptcy procedures to begin against Baltic Shipyard in St Petersburg
Teekay Offshore Partners plans $117M bond issue TEEKAY Offshore Partners said today it intends to issue 500-700M kroner ($82.4-115.3M) of new senior unsecured five-year bonds in the Norwegian bond market
Three sought after blast A CAPTAIN and two seafarers are missing today after an explosion sunk a Turkish tanker in the Adriatic Sea
Box ship sinks off Malta A BOX SHIP sank on Friday the 13th off Malta while under tow
Samsung signs INPEX deal SOUTH Korea's second-largest shipbuilder Samsung HI said today it will build an offshore gas processing facility for oil and gas company INPEX
Bullish MR sales continue TWO MR tankers have reportedly been acquired by a US investment fund
FDA Clears First Orange Juice Shipments The Food and Drug Administration cleared the first three shipments of imported orange juice tested for an illegal fungicide, but...
Etihad Crystal Cargo Boosts Traffic 18 Percent Etihad Crystal Cargo's freight traffic soared 18 percent in 2011 from a year ago as the fast-growing Abu Dhabi-based carrier...
Amsterdam Total Volume Grows, Container Traffic Drops The port of Amsterdam boosted total cargo traffic by 3 percent in 2011 from a year ago but container volume...
ANA Cargo Traffic Slides, JAL Tonnage Jumps Japan's All Nippon Airways in November saw international cargo traffic slip 0.3 percent year-over-year, while rival Japan Airlines in the...
Cathay Pacific Cargo Traffic Plunges 11.9 Percent Cargo transported by Cathay Pacific and sister carrier Dragonair in December plunged 11.9 percent year-over-year but grew 7.3 percent from...
Analyst Expects Ocean Rates to Fall After Chinese New Year Container lines will struggle to maintain recent freight rates gains after the Chinese Lunar New Year because the industry hasn't...
Indian Exports Jumped 6.7 Percent in December India's exports in December increased 6.7 percent to $25 billion year-over-year, putting the country on track to grow exports in...
PSA Traffic Rose 5.6 Percent in 2011 Container throughput at the PSA International in 2011 grew 5.6 percent year-over-year, as the port terminal operator saw traffic expand...
Retail Group Forecasts 3.4 Percent Sales Growth Retail sales will slow to 3.4 percent this year but will outpace consensus expectations for overall economic growth, according to...
Closer Near-Sourcing When Polaris Industries sought to expand production of its all-terrain vehicles while lowering costs, the Minnesota-based company followed long-established trends...
A Meat Bull Market U.S. beef and pork producers had a banner year in 2011, setting annual sales value records for both commodities through...
Gen, set, match When Maersk Line decided to end the practice of providing free chassis to its container customers, other carriers were expected...
Reefer Cargo Shippers Warm Up To Rails Several decades ago, U.S. railroads decided refrigerated cargo was more trouble than it was worth; investment in new reefer boxcars...
When Pigs Fly Only a small percentage of the world's refrigerated shipments are put on airplanes, but just as in other modes, air...
Calculating Efficiency The relative stability of the refrigerated transportation market has brought more participants into the sector, bringing not only competition on...
Bad Dreams Spring training is tantalizingly close, a good thing for baseball fans. To get ready for the big day, I like...
NVO's Word Is Not Its Bond Q: We, as a motor carrier, handled a load of imported goods from a port to the final destination in...
Redesign for YRC YRC is going back to the Teamsters as the trucking company tries to match a financial restructuring with an overhaul...
Turnaround in Turn Time After complaining about lengthy turn times at marine terminals for more than two years, motor carriers in Los Angeles-Long Beach...
The Case for a Better Year We will all look back at 2011 as the most tepid rebound from a recession this country has ever experienced....
'Open Pools' for Chassis The Federal Maritime Commission has cautiously cleared the way for truckers, shippers and others to participate in co-op equipment pools...
Oakland Fights disruptive Forces With the politically liberal communities of San Francisco to the west and Berkeley to the east, Oakland has a reputation...
Walking the P3 Walk Secretary of Transportation Ray LaHood frequently voices the Obama administration's opposition to raising fuel taxes, and instead indicates a preference...
Customs' New Top Cop Anyone who thinks David V. Aguilar will be a mere caretaker at Customs and Border Protection should think again. Granted,...
Final Hours Rule for Truckers Starting Feb. 27, 2012: On-duty time will not include time resting in a parked commercial motor...
Punching the Clock Many factors may push truck pricing higher this year, but new restrictions on truck driver work hours won't be among...
HPH ups the ante on security Hong Kong-headquartered Hutchison Port Holdings (HPH) has upped its cargo security with the new deployment of an enhanced web-based service called StellarTrak. ...
Nigerian 'fuel oil-fed' dispute suspended The national strike called by the Nigeria Labout Congress and the Trade Union Congress has apparently been suspended. While state president Goodluck Jonathan had ...
Carriers pull back on freight rate increases The sharp surge in freight rate levels from Asia to Europe and the US since Christmas already appears to be running out of steam. According to the Shanghai Shipping ...
Imperial strengthens its African network Germiston (South Africa)-based Imperial Logistics is expanding its pan-African transport and supply chain management activities by taking over Namibia-based IJ ...
Transpac rates could 'fall off a cliff' post CNY The recent climb in transpacific rates looks like it will be short-lived and only down to the seasonal rush to move cargo before the Chinese New Year (CNY) - with ...
PSA posts growth in 'challenging' year Newly-ensconced PSA International group ceo, Tan Chong Meng, has spoken of the 'challenges' it faced in 2011 and the 'uncertain' outlook for this year as the Singapore-headquartered ...
Black Friday for eurozone Friday, 13th proved to be unlucky for the eurozone with 9 members of the 17-state single currency unit having their credit status downgraded by confidence nemesis, ...
Carriers schedule reliability slips again Average reliability of global ocean carriers' direct schedules slipped for the third month running in December, according to SeaIntel. Only 59% of all vessels monitored ...
Iran issues warning to OPEC's Gulf members The Iran Government has raised the temperature further in its dispute with western regimes that threaten to impose sanction on its oil exports. Having threatened ...
Fuel oil export tax to fall Russia to cut export duty by 1% in February.
Price falling across Europe Average bunker demand in Gibraltar.
Prices largely stable in Fujairah Some suppliers in Suez have no IFO.
Supplier expands operations Maxcom Bunker now able to deliver in the Italian port of Civitavecchia.
TWI pegs differences in bunker values close to $240 Latest calculation from Viswa Lab says the 'best' quality fuels should sell for 35.5% more than the 'worst' quality fuels.
Rotterdam bunker sales up for the first time in five years Container ships taking bigger stems, says Port Authority.
Wrecked cruise ship carrying 2,500 mt of bunker product Salvage specialists Smit expected to drill into the ship's side to extract the fuel.
Prices mostly falling in Asian ports Supplies still tight in Singapore and Hong Kong on Monday.
IFO supplies remain tight in Hong Kong Due to further delays in cargo replenishments.
Bunker player resumes supplies at Libyan ports Supplies MGO and 120 cSt grade across Libyan ports.
Marine fuel efficiency simulator made available Fuel savings based on full-scale trials of 100-metre UK hopper dredger, says Marin.
Asian bunker offices to close for Chinese New Year Offices in Singapore will be closed on January 23 and 24.
Bunkers recovered after tanker explosion Oil boom has been installed around the stricken ship.
The Suez Canal Authority has announced that it will introduce surcharges on transit tariffs through the Egyptian canal for most major cargo vessels, effective July 15.
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