Visakha Container Terminal officially opens extension The Visakha container terminal in India has completed its expansion programme. The new terminal sector has been officially opened by the partners Visakha Port Trust, DP World and U...
First BharatBenz trucks sold in India Three heavy-duty BharatBenz trucks have been rolled out in the Indian city of Mumbai. The trucks mark the launch of sales and delivery of BharatBenz vehicles in India. By the end o...
ASM makes further senior appointment ASM, the sister company of Routes and Airport Cities Conference and Exhibition, has announced that Marc Gordien will be joining the new ASM team as vice-president consulting in N...
Dachser establishes joint venture in Ho Chi Minh City The German service provider Dachser established a joint venture in Vietnam at the beginning of October. The majority shareholder is Dachser Far East Ltd, based in Hong Kong. The se...
Intermanager elects new team at the helm Intermanager, the international trade association for in-house and third party ship managers, has appointed Gerardo Borromeo as its new president with immediate effect. Borromeo, v...
Union Pacific Railroad acquires Vital Rail Line in Oklahoma The US rail service provider Union Pacific Railroad has acquired complete ownership of a rail line in Oklahoma, decades after state officials saved what continues to be a link of c...
DHL Express France expands fleet with Renault electric vehicles Renault will supply DHL France with a fleet of electric vehicles by 2015. A total 50 vehicles have already been confirmed. The first four - Kangoo Z.Es - will be delivered by the e...
Kombiverkehr stops Coevorden-Ludwigshafen route The Coevorden - Ludwigshafen v.v. rail service has seen a sharp drop in demand in recent months. The German intermodal service provider Kombiverkehr has therefore decided to cease ...
End of "BAA" The name British Airports Authority (BAA) ceased to exist from last Monday (15 October), The UK's London Heathrow and Stansted, Glasgow, Aberdeen and Southampton airports wil...
Swedavia is world's first carbon neutral national airport group Last week, Swedavia, Sweden's national airport group, became the world's first national airport group to achieve carbon neutrality across its suite of ten airports. As of today (17...
Successful restructuring strategies for embattled shipping companies A guide to firms that face recapitalisation and restructuring in a post-Lehman Brothers world
See Naples and talk Shipping and the Law conference holds passionate debate about key market issues
Crewsure to plug gap in the market for seafarer insurance New product will sit alongside P&I with $500,000 limit per person per year
Court blocks Elbe deepening Project faces several years' delay even if approved in harsh blow to Hamburg
Boxship charter rates flatline or weaken Oversupply undermines a steady flow of new fixtures
Buyer beware Super eco-efficiency designs must prove they can deliver the savings they promise
Pressure mounts on OSG Speculation over tanker firm's liquidity after aggressive shorting of its shares on Nasdaq
OSG ship sale talk divides market Brokers disagree over whether company will dispose of older VLCCs
Aerospace offshoot eyes yard acquisitions Singapore-listed firm seeks enhanced product line after purchasing Deltamarin
Owners face new ordering 'dilemma' Prospect of fuel-efficient newbuildings tests industry resolve
HSH chief executive steps down Lerbinger to be replaced by von Oesterreich
Private equity funds are 'dangerous bedfellows' for shipping firms Insolvency procedures remain the last resort for banks, Greek forum told
Flat LNG rates prompt fears that winter spike will be a no-show Concerns over idle fleet raise doubts over whether rates will harden this year
Containership fleet deliveries top 1m teu With fleet growth under control demand is 'causing the headache', says BIMCO
K&R premiums plummet as pirate attacks fall in the Gulf of Aden Vessels enter the high-risk area without kidnap and ransom cover
China approves PetroChina-PDVSA shipping venture Four VLCCs will ship crude from Venezuela in energy security pact
OSG braced for lengthy bank work-out As tanker firm's problems become clearer, a 27% drop in share price flags market fears
Seanergy sells off another bulker Five-year-old handysize fetches $11.3m to raise working capital and reduce debt
Vantage Drilling sues Nobu Su for fraud Taiwan shipping tycoon accused of breach of fiduciary duties
Box shipping is at a turning point, warns NOL chairman Kwa pledges shift from a 'managing-growth mindset to a managing-costs mindset'
NCL orders its largest ship NORWEGIAN Cruise Line today announced a firm contract plus an option at Germany's Meyer Werft for its new Breakaway Plus class
Wärtsilä rides order surge FINLAND'S Wärtsilä said today its Ship Power business area has staged a strong recovery, with the value of new orders up 99% year on year in 3Q12
LNG carrier orders tail off LNG CARRIER orders on speculation that followed Japan's quake crisis have run out of steam, an MISC executive said today
Discipline prescribed on newbuilding ordering MARINE Money Athens was warned today that shipping must stand down across the board on newbuilding orders or face more tears
FreeSeas 1H figures confirm cash shortfall NASDAQ-listed FreeSeas has belatedly filed its first-half results with the SEC, revealing weakened operating performance and insufficient cashflow
Vale awards VLOC conversion contract CSSC Chengxi Shipyard has won a deal worth more than $10M from Brazilian mining giant Vale to convert a 300,000dwt VLOC to a floating transfer station for ore
Höegh LNG, PGN agree on amended contract NORWAY'S Höegh LNG Holding and Indonesia's PGN have cut a deal amending a newbuilding employment contract
Bunker hotline looks at 'cappuccino' effect SINGAPORE plans a hotline to help manage bunker disputes at the port - including the 'cappuccino' issue
NYK begins third Jiangsu Shagang contract NYK HAS begun servicing a 20-year iron ore transport deal with Chinese steelmaker Jiangsu Shagang, with the delivery of a 250,868dwt ore carrier
Indonesia's coal export patterns changing INDONESIA exported more coal to India than to China in August, according to IHS McCloskey
Hezhong plans to buy 20 chemical tankers DALIAN Hezhong Shipping said it plans to acquire more than 20 chemical tankers by 2015, under plans to build up an environmentally friendly stainless-steel fleet
GVK unit to build Oz port INDIA'S GVK Power & Infrastructure today told local stock exchanges that a subsidiary has signed a contract to build a coal ore port in Australia
St Petersburg throughput rises 26% CARGO throughput at St Petersburg rose 26% year on year in the nine months to 30 September
Shipping pays ECA's price VESSEL operators face significant bunker premiums to comply with new US emission rules, the Caribbean Shipping Association conference has been warned
FIS Launches Bunker Pricing Service Ship broker and risk management company Freight Investor Services launched a bunker fuel pricing service that automatically organizes prices from multiple market-makers and provides firm bids and offers along six months of the forward curve. Screen prices reflect real-time market changes in three bunker contracts: Singapore 180 centistokes, Singapore 380 CST and...
Everything looks okay to me. You really don't need me You are unlikely to ever here a consultant utter those words; likewise you will rarely hear a consultant say: 'You're right; we are billing you far too much for ...
TCB Rail volumes steam ahead TCB Railway Transport (TCB RT), the rail freight transport company owned by the terminal operating/port management entity, Barcelona-based Grup TCB, has reported ...
Hoffmann to head Safmarine's local cluster Safmarine has appointed Dirk Hoffmann as its new Southern Africa Cluster Manager. He succeeds Jonathan Horn, who has taken on a similar position at the company's ...
Freightliner gets a lift at Southampton The UK's, largest intermodal player, Freightliner, yesterday officially launched two new rail-head gantry cranes at the operator's Southampton Maritime ...
COSCON and CSCL team up China's two biggest shipping lines, COSCON and China Shipping Container Lines [CSCL], are to join forces to operate a domestic service suggesting it could be the ...
Carlyle Group pulls its Virginia bid The Carlyle Group has withdrawn its USD2 billion proposal to manage container terminals and inland locations at the US east coast ...
Contrasting fortunes for San Pedro Bay ports
CMA CGM secures cash injection as it eyes IPO The French ocean carrier CMA CGM has confirmed that it has entered into a Memorandum of Agreement [MoA] with sovereign wealth fund Fonds Strategique d'Investissement ...
Ross seals raid Wilbur Ross has emerged victorious in a fight to secure a majority stake in Navigator Gas.
OSG plunge continues Shares of Overseas Shipholding Group continued to plummet Wednesday afternoon on the back of a sell-off that has reignited concerns about how the tanker owner intends to plug an upcoming liquidity gap.
That's all, folks A 13 day winning run in the panamax market come to an end today amid a warning the recovery man have run its course for now.
Batista goes for $1bn haul Brazil's OSX has announced plans for a huge fundraiser for the second time in a week.
Bahri's bulk boost Saudi owner's nine-month profit rises thanks to ro-ro fleet and new Bahri Bulk venture.
Antwerp stumbles The port of Antwerp in Belgium has seen cargo volumes drop in first nine months due to a refinery shutdown.
L&T eyes funds India's L&T Shipbuilding is eyeing a massive fundraiser on the bond market, according to reports.
Ma eyes deeper ties Cosco vice chairman Ma Zhehua has said a domestic tie-up with CSCL could be extended to international routes.
Swiber targets Indonesia Swiber Holdings could be poised to add to its contract backlog in South East Asia, according to OCBC Securities.
Second tweak helps Hoegh Hoegh LNG will be $30m better off after its record-breaking FSRU contract off Sumatra was redrawn.
Probe into tug death Sri Lankan authorities are probing the death of a tug captain while en route to Pakistan.
Bourbon crew snatched Seven crew have been kidnapped from a Bourbon offshore vessel off Nigeria in an attack that marks a departure from the usual pirate pattern in West Africa.
Norwegian ferry furore A group of more than 50 Asian tourists have blocked a Norwegian ferry after being told the ship was full - despite the fact they had tickets.
Clarksons pins tipping point Product tanker rates are set to shift upwards due to a change in the market balance, Clarksons Capital says.
Wartsila steps on gas Finnish engine maker Wartsila continues to see hope in the offshore and gas carrier markets as its profit heads up.
Dof reels in $50m DOF Subsea has picked up $50m worth of contracts in far flung parts of the world over the past fortnight.
Concordia sonar "off" An echo sounder tracking water depth had been switched off before Costa Concordia hit rocks off Italy in January, a pre-trial hearing in Italy has been told.
Orders set to continue Dahlman Rose says it expect to see continued ordering in the ultra-deepwater drilling (UDW) newbuilding space.
Paper prophecy Bulker owners enjoying the spike in capesize rates should make hay while the sun sneaks through the clouds, if the paper market is to be believed.
MSC crewman lost US rescuers have called off a search for a man missing from an MSC containership after a two day operation.
Ore demand to slow BHP Billiton boss Marius Kloppers says growth in iron ore demand is set to be slower this decade as China's economy evolves
Miner salvage stopped The long-delayed salvage of the grounded bulker Miner has been halted by the Canadian government.
Standard seeks 7.5% rise The mutual that leads the protection and indemnity cover on the Costa Concordia is to seek a 7.5% general increase at the February renewal.
Kazakhs eye expansion Kazakhstan state shipowner Kazmortransflot will add more tankers to its fleet if oil exports are increased.
Bug kills crewman An Indonesian seafarer has died of meningitis in Italy following an outbreak on an MSC cruiseship.
DNV in Oz LNG study Det Norske Veritas (DNV) has launched a study into the adoption of LNG fuelled vessels in Australian waters.
Helix offloads pipelayers Helix Energy Solutions has sold three pipelaying vessels as it looks to concentrate on its well intervention and robotics businesses.
Seanergy sheds handy Seanergy Maritime Holdings has sealed the sale of a handysize bulker that recently concluded a lucrative period charter with Clipper Bulk.
BlueWater Reporting: Liner capacity declines marginally in 3Q Most of the world's major container trade lanes saw a nominal amount of capacity withdrawn from the beginning of July to the beginning of October, according to the latest World Liner Supply Report.
C.H. Robinson sells T-Chek unit T-Chek is a provider of payment services to trucking fleets, as well as other industries. Truckers use T-Chek pre-paid cards and fuel cards to purchase fuel and services at truck stops.
CSX 3Q profit lowered by domestic coal drop
Costamare raising $98 million
Chapman Freeborn expands coverage
Obama, Romney clash on trade, manufacturing policy Both candidates said their job-promotion efforts would include fielding policies that give incentives to domestic manufacturers to keep factories in the United States rather than relocate them in low-wage countries.
French government invests in CMA CGM CMA CGM said Tuesday the French Government's sovereign wealth fund, Fonds Stratégique d'Investissement (FSI), has agreed to subscribe into $150 million in bonds which are convertible into a 6 percent stake in CMA CGM.
VA officials adjust timetable to review port privatization The Virginia Office of Transportation Public-Private Partnerships has extended until Dec. 2 the deadline for submitting detailed proposals for the Port of Virginia, Virginia Port Authority spokesman Joe Harris confirmed.
EU proposal to minimise climate impacts of biofuel production Only biofuels which satisfy a set of sustainability criteria qualify for public support on the European market.
Bunker companies with capital 'will pull through' For smaller bunker players 'being acquired would be a logical conclusion'
Fujairah prices change direction Fujairah's prices are down but South Africa's go up.
Bunker prices soften in Rotterdam Prices down across Europe except for Piraeus.
Refinery shutdown hurts Antwerp cargo volumes Crude imports fell by 40% in first nine months.
Sohar bunker volumes set to triple Omanoil Matrix Marine Services to start sourcing material from India.
RN-Bunker achieves quality management success Russian bunker company gains accreditation after a six-month trial.
Wartsila reports strong year-on-year performance Newbuilding discussions focus on LNG, efficiency and the environment, says engine manufacturer.
Bunker prices take dip at major ports Supplies of marine fuels were fine at key Asian ports on Wednesday.
Prestige court case hears demand for greater compensation Court case is expected to last around six months.
Keppel: LNG-fuelled harbour tugs 'a good starting point' LNG bunker fuel could be available in Singapore next year.
Singapore 'green pledge' attracts more supporters Hong Lam Marine and Wan Hai Lines among companies signing the green pledge.
MISC to try out scrubbers Scrubbing trial will start early next year.
Singapore in moves to enhance quality of bunkering Information sheet on licensed bunker suppliers and a guide on mass flow metering in the offing.
Singapore talks tough on 'cappuccino bunkers' 'We absolutely do not condone such activities,' says local transport minister.
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