NordStar now serving Dubai Today (19 October 2012) NordStar Airlines is beginning operations to the United Arab Emirates. The Russian carrier is offering a twice-weekly service between the Siberian city of K...
Network Rail building new logistics centre in UK's West Midlands Network Rail, Britain's rail infrastructure owner and operator, is investing GBP 25 million (EUR 31 million) in a new hub for the national delivery service centre at the former Peu...
Logwin moves into new offices in Jakarta Logwin, a Luxembourg-based international logistics service provider, has moved into larger offices located at Soekarno Hatta international airport in the Indonesian capital of Jaka...
Emirates ordered to pay AUD 10 million for price fixing The Federal Court in Sydney (Australia) has ordered the UAE-based airline Emirates to pay a penalty of AUD 10 million (EUR 7.9 million) for engaging in cartel conduct in breach of ...
Barcelona Europe South Terminal launches new Barcelona-Pamplona rail service Barcelona Europe South Terminal (Best), a member of the Hutchison Port Holdings Group, has launched a new rail service connecting the Spanish cities of Barcelona and Pamplona, whic...
Loxx offers new direct general cargo services to Siberia The German service provider Loxx now offers new direct general cargo services to Russia's hinterland. With immediate effect Loxx trucks run once a week to Krasnoyarsk and Irkutsk i...
Hellmann UK and H. Essers offer new road freight service Hellmann UK and the Belgian transport company H. Essers have launched a new daily shuttle system between the UK and Belgium. The new road freight service will be provided in accord...
EU bans Syrian airlines from its airports Given the intensifying violence in Syria, the Council of the European Union has reinforced EU sanctions against the Syrian regime this week. The EU Council has now denied all fligh...
CMA CGM plans to sell 6% of its shares to French Fond Strategique d'Investissements The Marseille (France)-based container shipping company CMA CGM is hoping to sell 6% of its shares to the French state fund Fonds Strategique d'Investissements (FSI). This deal cou...
OOCL enjoys decent third quarter But profitability will likely weaken towards year-end after peak season, say analysts
Rongsheng wins its second offshore order China's largest private yard was contracted the world's largest deepwater tender barge
Scottish Loan Fund is open to shipping deals Mezzanine finance offered to small and medium-sized enterprises
BIMCO predicts global economic expansion in 2013 Institutions now have grip on crisis, says shipowner group
Spain unveils 12-year strategy to reform transport Cash-strapped government seeks private investment in infrastructure
Minister outlines $12bn boost for infrastructure Austerity budget sets cash aside to upgrade the country's intermodal links
Getting to grips with overweight boxes A sensible industry would refuse to load containers that have not been weighed
Chinese shipyard borrows against sea usage rights Pilot scheme seeks to ease dearth of cash
Wet, wet, wet The last thing that China needs is an excuse for bubble lending
P+S administrator hopes to sell Peene-Werft yard 'Indicative offers' made for bankrupt group's Wolgast business
Maritime lawyers reject moves to revise 1989 Salvage Convention Working group set up to investigate York Antwerp Rules
Seadrill Partners completes IPO at top of price range Fredriksen's latest company hits $192m high note in its New York debut
Star Bulk awarded first Carbon Positive Certificate Measurement is fundamental step towards reducing emissions, says consultancy
Shipping's year zero 2014 will bring gradual recovery for tankers and dry bulkers but will boost gas carriers
U-Ming buys post-panamax bulker newbuilding for $24.5m Taiwanese dry bulk operator snaps up a resale from Glocal Maritime
US energy company pledges to double LPG exports on gas ships Panama Canal widening is key to Targa Resources expansion plan
Maersk capacity cuts are 'step in right direction' But carriers have run out of time to make November rate rise stick, says Drewry containers research chief
Provisions for place of refuge and casualty probes must be mandatory Industry must learn from casualties like the Flaminia, says Hinchliffe
'Bottom fishing' cancelled tonnage makes the shipping crisis worse Banks must stop loans for newbuildings and finance only abandoned or existing vessels
Bright weeks ahead for capesizes Prices will stay firm until year-end but fall by first-quarter 2013, brokers predict
VLCCs snatch Middle East suezmax cargoes Owners part-load cheap VLCCs as oil firms book larger, cheaper tonnage
HHI reports 40% fall in order intake for first three quarters World's largest shipbuilder sees its offshore business under-perform too
Vale commissions second FTS conversion from CSSC Chengxi Shipyard pledges to complete latest contract faster than the first
Soybeans boost US bulker loadings STRONG demand for soybeans in China has spurred a recent surge in US bulker loadings, reports the US Department of Agriculture
Seadrill Partners prices IPO JOHN Fredriksen's latest public company, Seadrill Partners LLC, today priced its IPO and began trading on NYSE
SEC targets Yorkville Advisors YORKVILLE Advisors, an investment company with significant shipping ties, has been accused by the Securities & Exchange Commission of inflating asset values to garner higher fees
APM raises SK2.5Bn in six-year bond AP Moller-Maersk (APM), the Danish conglomerate, has raised SK2.50Bn ($381M) on the Swedish krona bond market
Shortsea market loses steam DAILY vessel earnings on shortsea hauls of bulk and breakbulk cargoes in Europe have levelled off as tonnage shortages for Baltic grain loadings eased this week
Container shipping on the up CONTAINER shipping is seeing several upward catalysts, said UOB Kay Hian Securities today
LR2 rates reach 2012 high FREIGHT rates to ship clean products on LR2 tankers from the Arabian Gulf to the Far East have reached a new 2012 high
P+S Shipyards heading for breakup GERMAN shipbuilder P+S Werften, which has sites in Wolgast and Stralsund, is likely to be broken up and sold
NLC Ferry forms for northernmost ferry service TWO SCANDINAVIAN municipalities have formed a new company to run the northernmost international ferry service in the world after the failure of the previous operator
$806M to be spent on Batam port THE INDONESIAN government estimates to spend $806M for the construction of a new deepwater container terminal in Tanjung Sauh, in Indonesia's Batam port
NITC VLCC: Not at Universal Terminals AN NITC VLCC that visited Singapore earlier this month did not berth at Universal Terminal's facilities, UT's terminal manager Michael Chng has told Fairplay
Keppel retains 'buy' ratings KEPPEL has retained 'buy' ratings from sector analysts Maybank Kim Eng and UOB Kay Hian despite yesterday announcing a a 15% drop in year on year profits
Evergreen's newbuildings enough for now TAIWAN'S Evergreen Line told Fairplay today that its newbuilding orders and chartered-in vessels are sufficient for today's market, and it will not contract more ships unless freight rates improve significantly
GATX Third Quarter Profit Swells, Shipping Surges GATX Corporation reported a profit of $53.8 million in the third quarter, ending Sept. 30, shooting up 63.5 percent year-over-year from $32.9 million. Profit in the first nine months of 2012 was $107.6 million, up 35.86 percent from last year's $79.2 million in the same period. American Steamship Company, owned by the rail...
Saade wins CI Lifetime Achievement Award Jacques Saade, founder, group chairman and ceo of CMA CGM, has scooped Containerisation International's lifetime achievement award. At a grand luncheon held in ...
Elbe deepening stymied Germany's highest administrative court in Leipzig has stopped the planned deepening of the river Elbe, which is the maritime runway to the port of Hamburg. The ...
China's GDP slows again but could be bottoming-out Chinese economic growth expanded at a rate of 7.4% in the third quarter - its slowest gain for three years - but after seven consecutive quarters of decline, premier ...
Ships to be re-floated from Valencia beach this weekend?
Industry welcomes new Lloyd's Register stack weight formula Industry reaction has been positive to the news that Lloyd's Register has developed a new formula that will allow heavier containers to be stacked higher on deck ...
More blanks from liners Evergreen Line and Hanjin Shipping are to skip three voyages in the final quarter of the year on their joint, respectively-named, CEM [China Europe Mediterranean] ...
DB Schenker Logistics expands Guadalajara warehousing capacity Essen-based DB Schenker Logistics has responded to growing demand for warehousing space in the Mexican city of Guadalajara by opening a new warehouse. Guadalajara ...
Fotis G initiates SFI Ship Finance International has enough firepower to seize $500m worth of assets, analyst says.
Deutsche downs Genco Deutsche Bank sliced its rating on shares of Genco Shipping & Trading (Genco) Friday amid fears about the ongoing glut in global fleet capacity.
OW expansion continues A leading Danish bunker supplier has recruited a pair of executives who were fired from Noble's fledgling marine fuel offshoot to head up a new office in Stamford.
Analyst shifts gears Scott Burk has emerged as one of the architects behind Energy & Exploration Partners' New York IPO.
Kensington cut loose? Knightsbridge Tankers appears to have parted ways with another ageing VLCC, sale-and-purchase brokers said Friday.
RABT makes Finnish move Sweden's Rederi AB TransAtlantic has expanded with a swoop for Finnish containership operator Merilinja.
Viana bids delayed Portugal has extended the deadline for offers in the privatisation of struggling shipbuilder Estaleiros Navais de Viana do Castelo (ENVC).
No trick or treat for tankers With Halloween fast approaching Credit Suisse has been spooked by a horrible third quarter tanker market and predicted deeper red ink for some leading owners.
Qatar okays guards Qatar has cleared the way for ships carrying armed guards to enter its territorial waters.
Bourbon sells trio Bourbon Offshore has reportedly sold a trio of West Africa-based platform supply vessels.
BDI at three month high Bulker owners are seeing their highest earnings for three months after the Baltic Dry Index today passed the 1,000 point mark for the first time since late July.
Activists arrested A captain has been involved in a scuffle with animal rights protesters after they boarded a livestock carrier in Fremantle, Australia.
India cleared on Jupiter-6 India's supreme court has kicked out a compensation case against the government over the disappearance of the tug Jupiter-6 and its 13 crew in 2005.
Keppel beats bets Keppel Corp's third quarter performance has come as a pleasant surprise to some analysts.
Saga return unlikely Saga Tankers is unlikely to make a return to shipowning despite having a new wealthy Norwegian investor in control, observers believe.
Divine intervention? We take a look at what was said in the market in the past week.
Larger ships to drop anchor Delivery of ultra-large containerships could force vessels of up to 10,000-teu into lay-up, Citi says.
Cal Dive spreads wings Cal Dive International has announced a fresh batch of contracts for its dive saturation vessels.
NCL snaps up ro-pax The Swedish-Finnish joint venture NCL Ferry has snapped up a Rederi AB Gotland ro-pax.
Tsakos changes tack TradeWinds digests the digits making the headlines this week.
HHI orders halved Hyundai Heavy Industries (HHI) has revealed a 50% drop in new ship orders in the first nine months of 2012.
Missing crewman found A seafarer feared lost from an MSC boxship in the Gulf of Mexico has been found - safe and well in downtown Mobile.
Owners skip sailings Boxship partners Evergreen and Hanjin Shipping have cut capacity on a jointly-operated service from Asia to Europe.
Thun orders dry double Sweden's Erik Thun has returned to Ferus Smit in the Netherlands for two dry cargoships.
Master admits waste dump A Philippines captain has admitted chucking waste into the open sea off Subic Bay Freeport.
BSM seals Greek LNGCs Bernhard Schulte Shipmanagement (BSM) says it has won the contract to manage three LNG carriers owned by Thenamaris LNG
Lifeline for P+S Insolvent German shipbuilder P+S Werften has received a boost with a naval repair contract.
Seadrill prices MLP Seadrill Partners has priced its initial public offering at $22 per share - the top of the indicated price range.
Ventura damaged off Spain A P&O Cruises ship has sustained damage while crossing the Bay of Biscay, the cruise line has confirmed.
Maersk raids bond market AP Moller Maersk has turned to the Swedish bond market to raise fresh capital, the company has disclosed.
Robbers raid bulker A Japanese-owned handymax bulker has been targeted by robbers of East Kalimantan in Indonesia.
CMA CGM increasing Med-Latin America peak season fee
Bahri reports big jump in profit
Travel expenses scandal plagues Oakland port
Kansas City Southern reports record revenues
Southeastern Freight expands in Texas
Mediator steps into ILWU/grain handler contract talks The Federal Mediation and Conciliation Service said Thursday it has stepped into contract talks between several locals of the International Longshore and Warehouse Union and Pacific Northwest Grain Handlers.
Locked Out?
ILWU sues to block Seattle arena deal The union's Local 19, which filed a lawsuit in King County Superior Court Wednesday challenging the decision to build the sports arena, alleges Seattle and King County violated the State Environmental Policy Act.
Report points to trends favoring 'onshoring' "Onshoring is still in its infancy and largely limited to anecdotes. However, the scales are beginning to rebalance for some industries as global conditions evolve," wrote Michael Dolega, TD Bank's economist.
Old Dominion opens new Tennessee facility
TIACA expands ties with civil aviation organization The International Air Cargo Association (TIACA) and the International Civil Aviation Organization (ICAO) said Friday they have committed to enhanced cooperation in air cargo transportation.
RedPrairie names Conway VP marketing
WTO favors U.S. in Chinese electrical steel dispute
Weekly global bunker price roundup A weekly price round of up global bunkering hubs from around the world.
Bunker prices end week mixed Demand was average on the US Gulf, according to a local supplier.
Building of 'state-of-the-art' vessel begins Vessel will use generation engines using a common rail fuel management system to provide 'high efficiency and smokeless operations'.
Taboguilla Island Terminal undergoing expansion With an investment of $65 million, it will almost double the storage capacity to a total of 2.24 million barrels.
Salvage Master: Marine pollution is a 'global challenge' When a vessel runs aground, one of the main priorities is to remove bunker fuel as there is a risk that fuel tanks could become breached on refloating.
Tolson and Richardson join OW Bunker Supplier launches physical operation in the United States.
Marine fuel prices record big drop in Suez But bunker prices stay firm in Fujairah.
Bunker prices close the week firm in Rotterdam Prices rising in northern Europe but falling across the Mediterranean.
Estonian port loses fuel oil export volumes to Ust-Luga Tallinn's oil loading down by 26% year-on-year.
Dutch inspectors say 40% of samples breach sulphur limit Authorities took action against five bunker suppliers in 2011.
Raft of appointments at Bomin/Matrix President, vice-president and CFO to start next month.
Swedish owner orders eco tonnage Ships will feature an optimised hull shape.
IFO prices end week marginally down Supplies of marine fuels were fine at key Asian ports on Friday.
Bunker costs see charterers focusing on fuel efficiency New evidence of a 'two-tier' market.
'Positive steps' taken to train Singapore's seafarers The Chief Executive of Singapore's MPA speaks about the republic's effort in training its seafarers.
Unpaid bunker bills force ship re-arrest Bangladeshi operator in suppliers' bad books.
US Coast Guard: Cases of non-compliant bunkers down Eight cases of vessels using non-compliant bunker fuels so far in 2012.
Global marine fuel demand 'flat' Bunker suppliers' bottom lines affected by the crisis in the shipping industry, players say.
Bunker trading firm starts Singapore operations Palmstone Energy to focus on marine gas oil trading at the port, says company source.
Singapore to implement changes to bunkering standards Changes to take effect from January 1, 2013.
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