Baltic sea index up 15 days running The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry commodities, rose for the 15th straight day last Wednesday as grain shipments boosted panamax rates.
Dry-bulk ship scrapping may stay near 2011 level Scrapping of dry-bulk ships this year may stay near the 22 million deadweight tonnes demolished in 2011, the Baltic and International Maritime Council said.
US Navy sailing towards 300-ship fleet The US Navy is nearly finished with a review that will recommend a total fleet of around 300 ships, down from the current target of 313 ships, the Navy's top uniformed officer said.
Mercator signs its first LCC for cargo management technology Mercator, a leader in business technology solutions for the global aviation industry, has signed an agreement with flydubai, Dubai's innovative low cost airline, to use Mercator's ...
Germany: truck ban before Easter and Whitsun shelved Germany's ministry of transport, building and urban development (BMVBS) has shelved its plan to extend the truck ban to Maundy Thursday (5 April) and the Friday before Whitsun (25 ...
German engine maker now delivering goods by rail MDC Power GmbH, a German car engine manufacturer based in Kölleda/Thüringen, has phased in a new industrial rail siding to its plant. The track, which was subsidised by public mone...
Knorr-Bremse: sales top EUR 4 billion The Knorr-Bremse Group, the world's leading manufacturer of braking systems for rail and commercial vehicles, saw 2011 sales climb by more than half a billion euros or 14% to EUR 4...
MAN strengthens position in Russia For the second time in succession, the German company MAN was the No. 1 among European commercial vehicles manufacturers in Russia in fiscal 2011. With sales of over 7,600 trucks ...
Kuehne + Nagel establishes Eastern Europe road hub in Vienna Kuehne + Nagel has established a central hub in Vienna for groupage overland operations to and from Eastern Europe. The hub is another important step in the Swiss service provider'...
Southwest Airlines with several executive changes Southwest Airlines, based in Dallas TX (USA), has made several executive changes. Matt Hafner, Southwest's current vice-president (VP) of integrated operations, has been named VP o...
Big "Asian" cooperative arrangements to come into operation in April Cosco, K Line, Yang Ming, Hanjin and Evergreen have agreed to initiate individual cooperative arrangements on Asia-Europe trades starting from April 2012. A total of eight weekly s...
Etihad awards cargo handling contract to WFS at London Heathrow Etihad Airways has awarded a cargo handling contract at London's Heathrow Airport to Worldwide Flight Services (WFS). The three-year agreement commences this month (March 2012) and...
Panalpina launches four LCL services in Latin America Basel (Switzerland)-based Panalpina, one of the world's leading providers of supply chain solutions, has launched four new direct less than container load (LCL) servic...
Huntsville finishes 2011 with new air cargo record Huntsville international airport handled 206,040,435 lbs (almost 94,000 t) of cargo in 2011, which represents a 32% increase year-on-year. This was the highest amount of freight ev...
Dutch post office takes over parts of Trans-o-Flex Post NL, the Dutch mail service provider, is taking over Trans-o-Flex business activities in the Netherlands and Belgium from the Austrian post office. At the same Post NL is acqui...
Asstra opens new office in Dusseldorf Asstra Associated Traffic AG, an international transport and logistics provider, opened a branch office in Dusseldorf (Germany) on 1 March. The Asstra group has thereby strengthene...
Damco working for Syngenta The global logistics and freight forwarding company Damco has signed a three-year contract to serve as the Asia Pacific lead logistics service provider for Syngenta, the world's la...
IATA Cargo committee elects new chairman Steve Gunning, managing director of IAG Cargo, which combines the brands British Airways World Cargo and Iberia Cargo, has been elected the new chairman of the Iata cargo committee...
Largest German shipping group Blue Star Holding appoints CEO Germany's newly formed shipping group, Blue Star Holding, has chosen Dr Hermann J. Klein to be its chief executive officer (CEO) with effect from 1 July 2012. Klein is currently a ...
Lantern parent prepared to bring second lawsuit against BLT Private equity investor Brian Ladin says total claim is $110m, but wants to give Indonesian group another chance to settle
Box lines improve time-keeping SeaIntel survey ranks Maersk top performer
Lantern revives $55m BLT lawsuit Senior management 'misled' plaintiff in last week's settlement
Panayotides seals deal to boost Excel cash Shipowner negotiates easier repayment schedule to mid-2013
KN wins Spirit pubs supply chain deal Decision shows food and drinks industry is 'moving into third-party logistics'
Kuehne + Nagel volumes soar by 11% Largest sea freight forwarder in the world moves past 3m teu for the first time
London Gateway orders Navis system Sparcs N4 to manage container movements when DP World site opens in 2013
How long will the 'sizzling' VLCC market last? Analysts and brokers divided over whether the rates spike will carry on
Escape from air travel hell Ferry Fortnight celebrates under-rated mode of transport
Daily earnings soar in Middle East VLCC spot market Rush to charter sees owners push up prices
Brazil has 'gigantic' demand for offshore vessels Energy billionaire building the world's biggest shipyard predicts a decade of strong demand
India cuts import duty on thermal coal Government budget changes could provide a boost for dry bulk carrier activity and also LNG as country ramps up energy use
Capesize rates near breakeven again Owners are consider laying up more tonnage off Singapore while they wait for demand lift
Ageing tonnage pushes TEN to first-ever loss Tanker owner hopes 2011 was 'a blip'
Politburo power struggle Overthrow of party official highlights China's widening poverty gap
Arms and the man Shipments of arms and laboratory animals put carrier ethics under the microscope
NewLead issues stock to creditors to settle $7m bill Deal ends Greek owner's Nasdaq capitalisation woes
Marubeni confirms exposure to Sanko Steamship Japanese trading house leases three tankers and one bulker to Sanko
Essar Shipping brands demerger a success Company will hold its own thanks to growth in domestic economy
Annual UK cruise calls up 6% Surge in demand ahead of royal jubilee and 2012 London Olympic
Barrier Reef eco fears delay Rio Tinto bauxite plan Bulker oil spill stirs up new opposition to Queensland mining complex
Cyclone Lua shuts Western Australia ports Major iron ore terminals affected by weather for second time this year
US box imports rise 4% in January Demand for auto parts and home furniture drives growth
Oakland gets ready for biggest arrival The 12,500 teu, 366 m long MSC Fabiola, the largest boxship yet seen on the US west coast, calls next week
CSD's annual profits fall by one third Difficult year ahead for Chinese state-owned giant's bulk business
BLT secures Chapter 15 protection US hearing on March 23 for ailing Indonesian tanker operator
USCG unveils ballast water regs BALLAST WATER rules issued by the US Coast Guard today align closely with IMO standards, as expected by shipowner representatives
Pot of oily gold found AN IRISH oilfield capable of producing 3,514 barrels per day has been discovered in the Atlantic off Cork, which could lead to a boon for offshore shipping
TEN plots LNG push NYSE-listed Tsakos Energy Navigation today reported widening losses and brewing plans for significant expansion in the LNG sector
CSD profits plummet 37% CHINA Shipping Development said today it had a 37.4% crash in net profits in 2011
Cocaine seized at Kingston JAMAICAN customs has seized cocaine worth about $1.7M from a container at Kingston's port, IHS Global Insight reported today
Suit retargets BLT accounts LANTERN Maritime has renewed its fight to collect $55M from Berlian Laju Tanker, alleging that the troubled Indonesian group reneged on its settlement
FESCO threatens to quit Transcontainer Far Eastern Shipping Co today threatened to walk away from Russian rail operator Transcontainer after opposition to its plan to take over the company
Liners 'holding up well' RATE increases by liners are holding up well as slot utilisation has dropped since Lunar New Year, CIMB Securities said today
Excel renegotiates debt terms NYSE-listed Excel Maritime today revealed a major restructuring of its loan repayment schedule amid widening losses
Montreal expanding box terminals MONTREAL has unveiled a C$40M ($40.35M) plan to boost the capacity of two box terminals and enable ships with heavier loads to sail up the St Lawrence River
Saudi VLCC fixtures spike SAUDI Aramco shipping arm Vela has ramped up VLCC fixtures to counter Iranian sanction effects, Dahlman Rose analyst Omar Nokta said today
BIMCO sees older scrapping for bulkers YOUNGER bulkers are often thought to be demolished in today's weak freight market, but the Baltic & International Maritime Council says the opposite is true
VLCCs seen buoyed MORE VLCCs are expected to arrive back in position for loading next week, which brokers saw buoying the sector
Jiangsu Eastern profits soar 208% SINGAPORE-listed Jiangsu Eastern Shipyard said 2011 earnings rocketed 208.3% year-on-year to 202.9M yuan ($32M)
US doubles Hormuz choppers, minesweepers WASHINGTON is reportedly doubling the number of minesweepers in the Gulf to reinforce the US ability to keep it open to shipping even tensions with Iran boil over
Coast Guard Finalizes Ballast Water Regulations The Coast Guard on Friday announced final ballast water rules that make mid-ocean ballast water exchange insufficient. Instead, ships will...
China Merchants Holdings' Hu Discusses Terminal Traffic, Economy (Video) Dr. Hu Jianhua, managing director of China Merchants Holdings, says Chinese terminal traffic has dipped as the economy slows, but...
Senate Could Vote on Ex-Im Bank Reauthorization Next Week The Senate could vote as early as Tuesday on a jobs bill that includes an amendment reauthorizing the Export-Import Bank...
JOC's Tirschwell, Szakonyi Share TPM Long Beach 2012 Highlights (Video) Peter Tirschwell, Journal of Commerce's senior vice president of strategy, and Associate Editor Mark Szakonyi review the highlights of the...
DOT Report Underscores Need for Infrastructure Investment A new Department of Transportation report detailing the need to spend $101 billion annually, plus inflation, over the next 20...
Trade Tech's Heimbeck on Cloud Computing in Logistics Sector (Video) Bryn Heimbeck, president of Trade Tech, says the logistics industry will further embrace cloud computing as a way to better...
Report Predicts Continued Strong Growth for India's Logistics Sector Logistics companies operating in India will continue to see rapid growth as more companies look to outsource, according to the...
Boskalis Profit Declines Despite Record Revenue Boskalis reported net profit plunged 18.3 percent to $330 million in a "turbulent" 2011, compared with a profit of $404...
Excess Capacity in China Export Trade, Lufthansa Cargo Says Air cargo overcapacity remains an issue out of China despite recent new product launches, according to Lufthansa Cargo. A...
US Industrial Production Unchanged in February A slowdown in auto manufacturing growth and natural gas extraction in February left U.S. industrial output unchanged from January, when...
Volga-Dnepr Closes In on German Air Cargo Acquisition Volga-Dnepr is awaiting anti-trust clearance for its planned acquisition of Air Cargo Germany, which will significantly boost the Russian cargo...
US Intermodal Rail Volume Up 4.2 Percent Intermodal volume hauled by major U.S. railroads rose 4.2 percent year-over-year in the week ending March 10, while traffic dipped...
APM Terminals Opens Hong Kong Office APM Terminals said opening an office in Hong Kong will help A.P. Moller-Maersk's port operating unit to expand partnerships with...
UPS Pursues 'Constructive' Talks With TNT United Parcel Service on Friday said it remains in "constructive" talks to take over TNT Express and plans to submit...
Hapag-Lloyd to Raise Rates from East Asia Hapag-Lloyd will raise its rates on East Asia services as part of its new rate restoration program. The German...
LTL's Second Wind The less-than-truckload industry accelerated in 2011, shedding any remnants of lethargy as shipping demand increased and excess LTL capacity dwindled....
Rebounding Margins Public less-than-truckload carriers posted a slight operating profit in 2011 after three years of operating losses. Their combined operating margin...
A Perception, Shattered After sitting through this month's Trans-Pacific Maritime Conference session on East Coast longshore negotiations, a large importer of consumer goods...
A Rolling Recovery The U.S. economy is stuck in a seesaw recovery. As soon as job numbers or retail sales improve, fuel prices...
Ocean carrier schedule reliability improves Ocean carrier schedule reliability improved slightly between January and February. According to SeaIntel Maritime Analysis' latest report, 60% of all global ocean ...
APM T opens office in Hong Kong In a move designed to add value to its core container-handling activities and forge closer links with the Asian-based liner shipping community, APM Terminals (APM ...
Guinness is good for you: especially on St Paddy's Day With St Patrick's Day tomorrow, millions of people around the world will be downing a pint or two of the popular Irish dry stout; and not least in the US where ...
Slowing growth at India's ports Latest figures released by the Indian Ports Association [IPA] show that box throughput at its major ports increased by just 3.3% in the 11-month fiscal-year period ...
Early CNY dents LA/LB numbers The US San Pedro Bay ports of Los Angeles and Long Beach's imports were impacted by the early January 23 start of the Chinese New Year festivities this year, versus ...
Reprieve for 'sacked' Auckland dockers A New Zealand employment court has banned the dismissal of 292 workers at the strike-plagued Ports of Auckland - but the order is only until the court case for ...
Swift suspends its services to Iranian banks Swift, the Society for Worldwide Interbank Financial Telecommunication, is to suspend its service to Iranian financial institutions that are subject to European ...
Exclusive: Seattle ceo urges co-operation rather than competition as Tacoma wins GA string Seattle port's ceo has called for Seattle and Tacoma to stop competing against each other, and is pushing for more co-operation in the aftermath of the Grand Alliance's ...
Klaveness boxship grounds Norwegian operator says 3,100-teu containership at risk of breaking up after grounding off China.
China to keep Iran oil flowing Gulf nation's biggest crude buyer will not let European sanctions disrupt shipments, CSDC says.
EXM dodges debt bullet Panayotides clan ready to ride to the rescue with equity injection in exchange for overhaul of $1.4bn credit pact.
TEN readies VLCC sale New York-listed owner plots expansion in the LNG and shuttle tanker arenas as prepares to shed ageing duo.
Fesco to exit bulker sector Russian owner will sell its 11-vessel dry cargo fleet, plus general cargoships, as it focuses on core containership operations.
Samsung drops EAS Korean group sells out of Brazilian shipyard a week after it pleaded for help with late deliveries.
Tripling money with George Surprising views about bankers, getting ahead by becoming a high flyer and dangerous commas.
Amur rejects USC hike Shipbuilder's minority shareholders block bid by Russian state holding company to buy up more stock.
Top level change at Thome John Sydness takes over as managing director of shipmanager's two offshore ventures as Claes Eek Thorstensen moves up the ladder.
Koncar calls it quits Croatian tycoon bows out of race to buy 3 Maj shipyard, but remains on track to secure Trogir and Kraljevica.
Sanko to halve charter hire Sanko chief Takeshi Matsui offers sincere apologies in confidential message to shipowners as company holds crisis meeting in London.
Rates to touch four-year high Owners of VLCCs could enjoy a short-term earnings window following a flurry of activity ahead of Iranian sanctions, Dahlman says.
Torm in crunch talks Danish owner's fight for survival takes it to Tokyo as it looks to redraw charter contracts with a string of owners.
Torm chops last newbuild Danish owner guns MR tanker as it crosses a bridge on the path to survival.
Papers provide practical guidance on oil spills ITOPF releases 17 updated technical papers that provide information on everything from aerial observations to spill claims.
Global bunker prices display a week of disparity Global trend displayed a price rise in first half of the trading week.
Bunker prices mixed as week ends Crude rose as the US economy strengthened.
Malaysian homogeniser seeks to become 'major player' A homogeniser reduces sludge in bunker fuel used by vessels and in turn converts it into burnable fuel.
Rotterdam fuel oil trading at wide discounts 'Fuel oil market in [Europe] is pretty weak. HSFO premiums in Singapore are relatively depressed due to lots of oil availability there,' says trader.
Ratings service concerned by bunker fuel prices and vessel oversupply Standard & Poor's release report focused on high fuel costs and its effect on global shipping.
Prices falling across Europe Double-digit losses in southern Europe.
Bunker prices soften in Fujairah Good demand in Suez.
Opposition to hike in fuel oil export duty Russian government ministries in conflict over fuel oil tax.
More Iranian product heading East 'Iranian cargoes are not doing well in the Middle East because of issues with payments.'
Bunker volumes down in Asian hubs Reports from Hong Kong and Japan confirm downward trend.
Bunker prices falling in Asian hubs Demand for bunker fuels weaker than average, say players.
ExxonMobil to launch 'variable sulphur' marine lube Supplier claims new lube can be used with bunker fuels that has sulphur content ranging from 0.50% to 4.00%.
CSDC sees 30% increase in fuel costs in 2011 But fuel consumption per nautical miles declined by 9.1% in 2011, says Chairman.
Korean yard to build fuel efficient offshore vessels Hyundai Mipo to use Rolls-Royce's vessel design which features diesel-electric propulsion system.
East China monthly fuel oil imports to increase 16% Imports of SRFO to East China will 'grow notably' in March, due to traders expecting a rise in oil prices, say traders.
Berlian Laju gets US court order protection Protection prevents BLT's vessels from being arrested by creditors.
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.
- 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
- Ocean news
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
