Saudi Arabia booking more crude tankers to supply US Saudi Arabia, the world's biggest oil exporter, is booking the most tankers in years to supply the US, a sign that the kingdom is fulfilling a pledge to compensate for a decline in Iranian sales, according to Dahlman Rose & Co.
Iran smugglers thriving on banned goods Dozens of unmarked speedboats pulled into Oman's Khasab port, breaking the dawn silence and marking the start of a wet and treacherous work-day for Iranian smugglers on the Straits of Hormuz.
China will ensure tankers can haul Iran oil: operator China, the biggest buyer of Iranian oil, will take steps to prevent European trade sanctions disrupting shipments from the Persian Gulf nation, said tanker operator China Shipping Development Co.
Volga-Dnepr delivered equipment for Biathlon World Cup finals Russia's Volga-Dnepr Airlines transported equipment for participants of the recent Biathlon World Cup 2011/2012 finals from Munich (Germany) to Khanty-Mansiysk (Russia). In additio...
Air Zimbabwe may be resurrected Zimbabwe's flag carrier Air Zimbabwe Holdings, which is facing severe financial problems (see ITJ Daily of 27 February 2012), is ending more than 30 years of continuous service. Bu...
Indian Railways see revenue earnings up by 10.17% Indian Railways reported that its total approximate earnings amounted to IND 92,985.50 crore (about EUR 14 billion) for the period from 1 April 2011to 29 February 2012. This equate...
AfDB loan for Abidjan The African Development Bank has approved a EUR 58 million loan towards the financing of the construction, operation and maintenance of the 1.9 km-long Henri Konan Bédié Toll Bridg...
Guide book to combat dearth of truck drivers Top Trucker, a special job market for HGV drivers, has published a free guide book to combat the lack of drivers. Companies can use the publication to discover successful strategie...
Swissport wins prestigious UK award Swissport International, a provider of ground services for the aviation sector, has again been named "Best Ground Handling Company" by the UK's Institute for Transport Ma...
USA: USD 17 million for rail line relocation projects The US transportation secretary Ray LaHood announced that twelve cities and states will share USD 16.9 million to relocate, replace, and improve segments of railroad track under th...
Port of Felixstowe to get new rail terminal The port of Felixstowe (UK) held a ground-breaking ceremony to mark the formal commencement of the new North Rail Terminal project on 14 March 2012 The new rail terminal will be th...
Skandinavienkai in Lübeck-Travemünde turns 50 The German port company Lübecker Hafen-Gesellschaft mbH (LHG) in Lübeck-Travemünde has reported that its Skandinavienkai will have seen 50 years of service on 28 March. From modest...
Niedersachsen Ports appoints new head of supervisory board Niedersachsen Ports GmbH & C, the Lower Saxony port group based in Oldenburg (Germany), elected undersecretary of state, Helmut Heyne, as chairman of its supervisory board on 1...
New managing director for Nicolas Industrie Nicolas Industrie, a heavylift transport vehicle manufacturer based in Champs-sur-Yonne (France), has chosen S'bastien Porteu as its new managing director. Prior to this Porteu hel...
DHL investing USD 47 million in freight hub at Cincinnati/ Northern Kentucky Airport DHL is investing USD 47 million in the expansion of its airfreight hub at Cincinnati/Northern Kentucky airport in the USA. The move will fulfil growing demand from international tr...
WFS diversifies business A consortium led by Worldwide Flight Services (WFS) has been awarded the tenancy agreement for the new HKD 8.156 billion (USD 1.046 billion) cruise terminal at Kai Tak by the Touri...
Aramex: new alliance with CJ GLS in South Korea The Middle East-headquartered express and logistics company Aramex has entered the South Korean market through an alliance with locally-based CJ GLS. Aramex, which is based in Jord...
Ceva Logistics opens new multi-user facility in Southern California Logistics and SCM specialist Ceva Logistics has acquired a 42,735 sqm facility in Southern California (USA). Masco Corporation, one of the world's largest manufacturers of brand-na...
Banks turn their backs on shipping loan portfolios Lending institutions trying to quit the industry find potential buyers are unwilling to offer desired prices
CMA 2012: Too many shipping rules, too little clarity Burden of new legislation unsustainable, says Intertanko
Euromar acquires ninth boxship Euroseas' growing joint venture with private equity players emerges as buyer of 1999-built MOL Volta
Euronav targets offshore business after tanker division losses High oil price boosts demand for quality equipment
Sanko Steamship and the Zen of bankruptcy Troubled company's 1980s reorganisation led to early emergency from receivership
Dry bulk investments aided Sanko's return to solvency Sanko's return to solvency involved both luck and benign treatment in court
Rechargeable shipping Batteries could reduce ship fuel consumption and optimise engine operations
Port-based ballast treatment to ease bottleneck Barges could help owners struggling to fit treatment systems on time
NewLead scraps reverse stock split Nasdaq agreed change of plan after trading in Greek owner's share took off
VLCC earnings to top $40,000 per day Peak expected midweek before oversupply of ships returns to market
Exclusive: Iran P&I ban could weaken liability conventions Shipowner group argues credibility of IMO at stake
SCI demands sovereign cover to trade with Iran Indian government supportive, says chairman
IKK sells tonnage in restructuring drive Japanese owner sells 1999-built panamax tanker for near scrap value
Iraq to strengthen oil export infrastructure Aframaxes set to benefit over VLCCs
CMA 2012: US must toe the line over global emissions regulations ICS fears over-zealous stance in future
UN tribunal sets precedent for maritime boundary disputes Bangladesh hopes for similar ruling against India
Los Angeles is top US import gateway Inbound box volumes rise at 18 out of 20 top ports
India clears lead as top shipbreaker Backlog of vessels to be recycled at Alang
Anglo-Eastern Group plans to expand training Shipmanager aims to meet demand for quality personnel as world fleet expands
Fate of Sanko VLGC newbuildings shrouded in uncertainty Cancellations would be good for oversupplied VLGC market
Ransom ban threatens seafarers' lives, warns Nautilus Payment must stay legal, union tells Cameron
Sanko's woes undermine weak secondhand dry bulk sales Tonnage could flood onto the market as Japanese giant fights to survive
HCI Capital exposed to Sanko crisis German KG fund has chartered 14 vessels to Japanese tanker giant
Chinese shipyard in delisting threat Dongfang Shipbuilding halts AIM trading after broker quits
Bareli salvage operations start Large crack has opened up in 3,100 teu boxship's forebody and the vessel is at risk of breaking up
Middle East Dredging wins Qatar's $1.2bn New Port contract Deal includes dredging the basin as well as the land reclamation for a naval base of about 4.5 sq km and construction of two outer breakwaters
NZ ports strike starts to hit supply chains Court decision on redundancies expected shortly
Grand illusion Grand China Logistics needs to come clean or lose credibility completely
Pacific Drilling finally decides to buy drillship from SHI Ofer family-controlled offshore player exercises its much-extended option on a seventh vessel
CMA 2012: Bleak outlook for shipping Large number of new ships will remain uneconomic says Paul Slater
Bangladesh wins border ruling BANGLADESH won a complex multi-year maritime border dispute with neighbouring Myanmar last week at The Hamburg-based International Tribunal for the Law of the Sea
Russian minister vs rail boss over ports RUSSIA'S minister of transportation Igor Levitin has proposed shifting control over railway links to ports out of the hands of state-owned Russian Railways, run by Vladimir Yakunin
Pacific Drilling boosts orderbook PACIFIC Drilling of the US has confirmed that it has exercised an option for a seventh ultra-deepwater drillship at South Korean shipbuilder Samsung HI
Firmer rates lift Euronav, Frontline shares A FIRMER tone on the tanker freight market has boosted the share price of Euronav and Frontline, two major crude carrier companies listed in Europe
Thailand stops 'smuggling' ship ROYAL Thai Customs has seized an oil tanker allegedly being used to smuggle diesel oil into Thailand, according to a report in the Phuket News newspaper
STX wins subsea vessel contract NORWEGIAN offshore vessel specialist STX OSV said today it has clinched a new contract for the construction of one advanced subsea support vessel for Island Offshore
Conversions dominate tanker purchases CONVERSIONS dominated tanker buyers' minds last week, as notable deals were sealed for conversions to FPSOs or FSOs
Cargotec to float in Singapore CARGOTEC, the Finnish materials handling equipment maker, is considering listing its marine business on the Singapore Stock Exchange, the company said in a statement
DOF Subsea sells NB to RAN DOF Subsea, the listed Norwegian offshore vessel operator, has sold a newbuilding due for delivery in May from STX OSV to the Royal Australian Navy
Market jitters impede bulker sales CONTINUING uncertainty in the freight market is holding off secondhand vessel sales, as buyers are increasingly inclined towards newer and more fuel-efficient tonnage
WSS sales grew 14% in 2011 WILHELMSEN Ships Service's sales grew 14% y/y in 2011, despite the weak shipping market, the company's VP for Asia Pacific Bjorn Tonsberg told Fairplay
Japan's nuclear shutdown hits LNG GLOBAL LNG markets are facing pressure a year after the devastating earthquake that triggered Japan's nuclear meltdown, said IHS CERA
TPA puts rates up THE Transpacific Stabilization Agreement has succeeded in raising box rates
Diesel at Highest Price Since August 2008 Diesel prices across the U.S. hit the highest point since August 2008, rising 1.9 cents in the week ending March...
Long Beach Welcomes Its Biggest-Ever Ship The Port of Long Beach has welcomed what it billed as the largest container ship ever to call at a...
North American Railcar Fleet Expands The number of North American railcars rose 0.1 percent in the last three months of 2011 compared to the previous...
Another C-Level Exec to Leave YRC Worldwide YRC Worldwide Chief Accounting Officer Paul F. Liljegren will leave the $4.9 billion company March 23 for a job outside...
NYSA-ILA Case Goes to Arbitration A multimillion-dollar damage lawsuit against the International Longshoremen's Association for an illegal work stoppage at the Port of New York...
Maersk to Hike India-West Africa Rates Maersk Line will impose a general rate increase on shipments from India to ports in West Africa. The proposed...
Japanese Ship Orders Sink 23.1 Percent Japanese export ship orders fell for the third straight month in February on a year-over-year basis, sinking 23.1 percent to...
Hamburg Sud, Alianca Restructure Europe-S. America Service Hamburg Sud and its Brazilian affiliate Alianca are restructuring their service between North Europe and the east coast of South...
Cargo Soars 18.6 Percent at Hong Kong Airport Cargo throughput at Hong Kong International Airport escalated last month, but managers say the spike was due to the timing...
Saudi Airlines Cargo Expanding Europe Services Saudi Airlines Cargo will expand its European freighter operation with the start of two new services. On March 25,...
UPS to Buy TNT Express for $6.8 Billion United Parcel Service on Monday agreed to acquire TNT Express, Europe's second-largest package delivery company, in a $6.8 billion all-cash...
Striking a Balance When International Longshoremen's Association President Harold Daggett warned some 1,600 Trans-Pacific Maritime Conference attendees this month that labor negotiations could...
A Railroad Divided Someone is going to emerge scarred from the bitter proxy fight between Canadian Pacific Railway management and activist investor William...
Advantage, West Coast Will there be a wholesale shift of cargo from the West Coast to the East Coast after the Panama Canal's...
The Race to 50 Feet On a Friday in late February, the MSC Roma, a post-Panamax vessel capable of hauling 9,200 20-foot equivalent container units,...
Building Bridges Through the MCC Founded in 2004, the Millennium Challenge Corp. is funded by the U.S. government, but it's a truly international development assistance...
Rebranding the Dark Continent! Until recently, the word "Africa" rarely appeared in any sentence mentioning "economic opportunity." For decades, Africa instead was all but...
Transactional Transparency Transactional freight payment data is the mother lode of logistics information, the bedrock on which strategic benchmarking and transportation modeling...
Exports Fall Off the Pace It's been two years since President Obama signed an executive order launching the National Export Initiative, the ambitious program to...
Down to Business for ILA, USMX James Capo has been working for months to calm shippers' concerns about the impending East and Gulf Coast longshore labor...
Driving DCs Inland Growing e-commerce is making prom kings and queens out of markets typically seen as wallflowers compared to port regions. ...
Damaged Goods Q: Is there a time limit between the filing of a claim and the carrier wanting to pick up damaged...
Maritime outgrows management structure Maritime Transport (Maritime) has appointed two new managing directors to handle its fast expanding business. Simon Smart (left in photo) has been promoted from ...
USD150 oil a threat to euro growth Accountants and analysts, Ernst & Young has warned that the recent Iran-induced spike in oil prices could push European economies further into recession, ...
Tauranga 'on its limit' as court decides fate of Auckland's sacked workers The North Island, New Zealand Port of Tauranga [PoT], has told its customers that it has reached 'saturation point' due to the diversion of cargo from the strike-plagued ...
APM T opts for German efficiency APM Terminals (Rotterdam) has ordered the fleet of Lift Automated Guided Vehicles (Lift AGVs) required for its Maasvlakte II terminal from Germany-based Gottwald ...
Batumi further established as Black Sea gateway into central Asia Batumi International Container Terminal LLC (BICTL) has signed a terminal services agreement with Arkas Line that should further improve its budding container volume. ...
DP World to launch barge to Vancouver Island on back of expected volume boost DP World Vancouver is looking to increase container volumes after entering into a three-year agreement with Nanaimo Port Authority at the beginning of the year ...
Race on to save Fuqing coast after another boxship total loss A Norwegian-managed, CMA CGM-chartered, containership that hit a reef off the coast of Fuqing, China last week is today in a precarious position resting on the ...
Ireland's export-led recovery Figures released by Ireland's Central Statistics Office [CSO] showed a much better-than-expected trade surplus for the Republic's trade with the rest of the world ...
'Real concern' about availability of ECA compliant fuel Shipping cannot be seen as a 'cash cow' for green projects.
Uncertainty - is there a positive as well as a negative? What if an energy efficiency intervention outperforms expectations, or what if fuel prices go higher than expected?
Bunker prices firm in Fujairah IFO prices show little change in South Africa.
Rotterdam: Few enquiries as prices firm North European ports see scant demand.
Petrotrin 'seriously pursuing' Panama Canal bunkering Trinidad and Tobago officials visit Panama to explore energy investment opportunities.
Ocean currents can 'cut bunker costs' by 4% Sea trial confirms potential of applied oceanography, claims Tidetech.
Strike hits Piraeus bunker deliveries Players stop offering as two-day work stoppage begins.
Fears of bunker spill off Chinese coast 'The potential environmental impact is something we take very seriously,'says ship management company.
Bunker prices firm as week begins Demand for bunkers below average in major Asian ports on Monday.
Viking Lady to have first 'true hybrid system' on board Introducing energy storage capability will reduce fuel use and could allow vessel to operate on battery power alone in environmentally sensitive areas.
IFO avails tight at Far East Russian ports Increased demand, slow discharge from railtanks blamed for the lack of avails.
Fuel removal operations start from stricken vessel Gelso M grounded at Santa Panagia due to engine problems and violent storm.
Bunker trader fights BLT's move to dismiss complaint Says BLT's move to strike declarations filed to support its complaint a 'clever attempt' to distract court from 'undisputed debts.'
Castrol Marine warns against 'single solution' lubes Increasing the base number in cylinder oil a 'better alternative,' says Castrol Marine.
Titan seeks fresh capital injection Transportation group Grand China Logistics fails to make payment due for the acquisition of Titan's shipyard.
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