Tanker rates seen rising on Asian routes Rates for dirty tankers on key Asian freight routes are expected to rise over the next week as spot market activity picks up again with the return of Chinese traders from holiday.
Oil carrier rates up on Iran threat, shares rise Kyoei Tanker Co, a Tokyo-based shipping line that gets more than 90 per cent of revenue from the Middle East, led gains among oil carriers as rates rose following threats by Iran to disrupt shipments.
Stricken Costa Concordia's captain blames cruise firm: reports The confirmed death toll from the wreck of the stricken Costa Concordia liner has reached 16, amid media reports that the Italian captain blames company pressure for his criticised actions.
Improve safety procedures and crew training: insurers
Swazi Rail plans to upgrade network Transnet (South Africa) and Swaziland Railways have signed a contract to jointly develop a 146-km line from Lothair in Mpumalanga (South Africa) to Sidvokodvo Junction in Swaziland...
UIC und UNIFE published new railway technical recommendations The International Union of Railways (UIC) and the Association of the European Rail Industry (UNIFE) have published a new railway specific technical recommendation (TecRec) which ad...
Singapore back to 2008 airfreight levels Singapore Changi Airport handled 1.87 million t of cargo in 2011, thus attaining the level of 2008 again. The 2011 volume was also up 2.8% from 2010. The airport registered a stron...
WCT Europe sets sights on leading position WCT Europe GmbH, based in northern Germany, has set its sights on achieving a leading position in the expanding swap body rental business. The company wants to increase its swap bo...
Bertschi investing despite dwindling demand Bertschi AG, an international transport company based in Switzerland, noted a dwindling demand for transport services from mid-2011. In Q4/2011 the decrease amounted to more than 1...
Master plan for Kazakhstan's Almaty airport Almaty international airport, the leading facility in Kazakhstan, handled 63,300 t of air freight in 2010 and has been registering significant annual growth in cargo traffic. In v...
Le Havre handled 68.5 million t in 2011 The French port of Le Havre handled a total of 68.5 million t in 2011, 4% less than in 2010. Liquid bulk cargo (41.4 million t) and containers (21.6 million t) represented 92% of ...
Iberia Cargo earns "Cargo 2000" certification Iberia Cargo has joined Iata's exclusive Cargo 2000 group, which comprises another 60 companies, including leading airlines, multinational freight agencies, handling operators, oth...
Damco scoops up China's airfreight forwarder NTS Damco, a logistics service provider that belongs to the Danish A.P. Møller-Mærsk group, has acquired NTS, a Chinese airfreight forwarder based in Shanghai (China). The purchase wil...
Ceva signs a two year partnership with Bormioli Rocco Group Logistics and SCM specialist Ceva Logistics has signed a two year agreement with Bormioli Rocco Group, an Italian market leader in plastic and glass products. Ceva will be responsi...
Panalpina opens new logistics centre for high-value cargo in Moscow Basel (Switerland) based logistics operator Panalpina continues to expand and insource its logistics offering. The provider of logistics and supply chain solutions has opened a new...
New CEO at TransFargo AB in April 2012 Håkan Siwersson is set to assume the position of CEO at TransFargo AB, succeeding Hans-Gunnar Andersson, owner and CEO since the company was founded in 1978. Siwersson will assume ...
Port of Barcelona and Seat launch first regular service for cars to China On 10 January a new regular sailing was launched at the port of Barcelona (Spain) to transport new cars between the Catalan capital and China. The automobile manufacturer Seat load...
Pacific Basin sticks to its guns Flexible fleet, sound finances and finding new customers keep dry bulk operator in the black
OOCL's room to manoeuvre Hong Kong boxline has outflanked bad economy and capacity bloodbath
Asia's owners gear up for 'most difficult year yet' An eye for a good investment meets the art of cultivating solid clients
Regulatory reform to impact derivatives market in 2012 Wave of new rules to see change in working practices for commodities and freight trades
Downbeat Chinese forecast sounds a discordant note The latest series of reports from the Shanghai International Shipping Institute suggest that the shipping market in China is in a downturn
Shanghai International Shipping Institute 2012 forecast highlights Gloomy picture painted of sluggish markets and excess capacity
Truth is the first casualty The Costa Concordia outcry has revealed the mainstream media's worst side
Ship security industry in urgent need of regulation But where is the leadership, asks a retired naval officer turned private security provider?
What price that royal yacht? Britannia's shipyards no longer rule the waves
Robert Webster takes top role at Carisbrooke Replaces Ian Walker who who stepped down at the end of last year
CSAV completes stage two of fundraising Second tranche brings in $129m
Indian oil companies prop up quiet Middle East VLCC market Chinese holidays bring seasonal lull
South Sudan signs pipeline deal for export route to China Kenya terminal lets fledgling nation bypass ports in North Sudan
IMF cuts world trade growth forecast International Monetary Fund predicts just 3.8% growth in trade this year, less than a third of 2010 levels
Bankers see rising trend in shipping defaults Biggest Nordic lender's loan loss ratio tops 2%
Political interests erode world trade Marine insurance trade body says sanctions hurt its business
'Zero hour' for Greek ferry services Government panel must embrace reform, say owners
Iraq oil exports hit record high 10% increase hails a new era of growth
Steamship Mutual upholds right to cover Costa Concordia P&I club says Costa parent company Carnival has made 'significant contributions' in premium over many years
CCNI in first charter market trade for a wide-beam panamax boxship Newbuilding Merkur Harbour booked for a year at $12,000-$14,000 per day as new type of vessel is more attractive than older panamaxes
Feedership KG fund collapses Hanse Capital fund insolvent
Costa Concordia will force industry to look again at safety Too early to gauge market reaction, says IUMI
HHI yard beats DSME to top slot South Korea dominates top 10 as global deliveries hit record 159m dwt
Gaurav Prem master granted bail in magic pipe case Decision sets welcome precedent, but finding $100,000 to post bail might may difficult
French ferry unions table strike notice SNCM and Méridionale face 48-hour walkout
Prosecutor calls on German court to jail pirates for up to 12 years Nine out of 10 Somali men plead guilty in Hamburg trial
Stranded mariners aided A CHARITY for seafarers said today it is aiding the crew on a German general cargo ship that has been stranded for three months off the UK
Piracy sentences sought GERMAN prosecutors reportedly called today for prison sentences of 4-11 years for 10 Somali pirate suspects being tried in the hijacking of a box ship in 2010
Drybulk seen bottoming in 2013 DEUTSCHE Bank analyst Justin Yagerman predicted today that drybulk rates will not bottom until next year - and won't recover until 2014
New Gdynia inquiry planned THE EC said today it plans a formal investigation into the legality of government aid to yards that bought the assets of Poland's bankrupt Gdynia shipyard
Boxes back to future? TODAY'S liner sector has been battered, yet an acquisition free-for-all like 2005's is unlikely, a key analyst has assured
US coal accord signed ENERGY terminal operator Kinder Morgan is expanding its coal export capacity in the US Gulf of Mexico through a $140M long-term pact with Arch Coal
Uljanik Plovidba flips to losses from profits CROATIA'S Uljanik Plovidba has reported net losses of 7.2M kuna ($1.23M) for 2011, from net profits of 96.6M kuna for 2010
Pulp shippers seeking shift of sea to rail PAPER and pulp exporters in Scandinavia are looking to shift more shortsea cargoes onto rail in response to rising fuel costs in the northern Europe's SECA
More faulty Ust-Luga construction disclosed FAULTY construction will reportedly hold up tanker loading at the gas liquids terminal at Ust-Luga for months more - if not longer
Steam coal imports to China rise to record CHINA imported a record 102.31M tonnes of steam coal in 2011, a 10.6% increase on 2010, according to customs data
Synchronised diving for bulker values THE BDI has sunk to a two-year low, falling 34 points from 23 January to close yesterday at 807
Coal port waits fall, but iron delays rise WAITING at drybulk ports remain almost unchanged this week, with increases at major iron ore facilities balanced by decreases at major coal ports
Sellers resisting falling prices for VLCCs BROKERS told Fairplay today Samco Shipholding has withdrawn 2003-built Samco America from the S&P market after offers fell below its hopes
Perusahaan and Höegh complete FSRU deal A DEAL to employ the first of two 170,000m³ FSRUs off Belawan in North Sumatra has been completed by Höegh LNG
Kremlin backs coal port THE KREMLIN reportedly backs a scheme to build a coal-loading port with planned yearly capacity of 20M tonnes on the Sea of Okhotsk
Hot Profit for Cold Chain Specialist Marten Transport Marten Transport raised its net profit 47 percent to $7.1 million in the fourth quarter as the refrigerated carrier's revenue...
Canadian Shippers Report Higher Surface Rates Ground transportation rates paid by Canadian shippers rose 1.6 percent month-to-month in November, the ninth straight monthly increase since...
Turnaround at Swift Nets $90 Million Profit Swift Transportation reported its first annual profit since 2006 as the nation's largest truckload carrier rebuilt its revenue base and...
Trucking Industry, Teamsters Clash Over Owner-Operator Bill The harbor trucking industry is clashing with the Teamsters union over a bill before the Washington state legislature that would...
US to Develop Global Strategy for Supply Chain Security The U.S. will develop a global supply chain strategy that allows goods to move efficiently and securely, and encourages development...
CN Boosts Profit 17.7 Percent on Record Revenue Canadian National Railway's profit in the fourth quarter rose 17.7 percent year-over-year to $584 million, as revenue jumped 12 percent...
CSAV Raises Additional $129 Million Chilean carrier CSAV has raised $129 million in the second stage of a planned $1.2 billion capital increase and said...
Rotterdam Container Growth to Outpace Rivals, Analyst Says The port of Rotterdam will grow container traffic faster than its north European rivals over the next six years and...
House Republicans to Introduce 'At Least' Five-Year Transport Bill House Republicans on Thursday will introduce a surface transportation bill that calls for highway spending at current levels "for at...
French Ports Push Unified Seine Logistics Corridor The northern French ports of Le Havre, Rouen and Paris are working together on a joint effort to attract business...
Norfolk Southern Net Profit Rises 19 Percent Higher intermodal, coal and general merchandise volumes helped Norfolk Southern increase net profit 19 percent to $480 million in the...
Damco Taps Thygesen as North Asia CEO Damco has appointed Henriette Hallberg Thygesen, a 16-year veteran of the A.P. Moller-Maersk Group, as its new CEO for North...
Maersk Adds Cargo Declaration Amendment Fee Maersk Line will begin charging a cargo declaration amendment fee on shipments to destinations that require advanced manifest, starting March...
EU Orders Deutsche Post to Pay Back State Aid European Union trust busters ordered Deutsche Post to pay back up to $1.3 billion in aid from the German government...
Trans-Pacific Rates Stay Firm as Chinese Factories Close Average spot freight rates on the eastbound trans-Pacific trade held firm for the third week in a row even as...
Japan Posts First Annual Trade Deficit in 31 Years Japan suffered a trade deficit of $32 billion with the rest of the world in 2011- the first annual deficit...
Maersk Reorganizes Far East-Mediterranean Services Maersk Line is reorganizing its Far East Asia-West Mediterranean service network, effective mid-February. The changes include new port calls...
Panalpina Launches Six Intra-Asian LCL Services Panalpina said its six new direct less-than-container-load services on intra-Asian routes are aimed at tapping growing demand from consumer, high-tech...
US truckers power ahead Further evidence that the US economy may be picking up the pace in growth comes from the American Truck Association's [ATA] for-hire truck index for December which ...
ACL and Peel Ports win business from General Electric Atlantic Container Line (ACL) and Peel Ports of Port of Liverpool, have secured new business with General Electric (GE) Transportation to ship, handle and deliver ...
APM T's US activities win safety award The Hague-based APM Terminals' (APM T) focus on ensuring its facilities are among the most secure and safest in the world is paying off with the operator recently ...
UK economy contracts Troubled by the eurozone crisis - its biggest trading partner accounting for 50% of its exports - the UK's GDP has started to contract, and could have already slid ...
M&A not on the cards in 2012 UK-based Drewry Maritime Research, a leading adviser and publisher of reports on the global shipping industry, has ruled out any significant merger and acquisition ...
UPs 2011 intermodal revenue jumps but volumes decline US Class 1 railroad Union Pacific (UP) saw its intermodal revenue surge for 2011 - but volumes fell, no doubt impacted by the tough global economic situation and ...
Growth continues in mothballed fleet The amount of idled cellular capacity has spiked again to hit 676,000 TEU at the January midpoint, equating to 268 boxships, according to the latest survey by Paris-based ...
Le Havre down but not out Le Havre has confirmed that its container traffic declined by 6% last year, down to 2,220,000TEU, which is a poor result compared to its Benelux rivals' combined ...
CSAV nears next round Spinoff of Saam on the horizon as Chilean liner giant completes second phase of billion-dollar securities sale.
Rem inks PSV fixture Age Remoy-led offshore owner to send new platform supply vessel off for six months.
Navy SEALS spring hostages Seafarers on alert amid fears of retaliation as gun battle between Somali pirates and elite US military unit ends in bloodshed.
BON's bonds looked tasty Fred Olsen company rakes in more than expected from a trip to the bond market.
DOF continues spree Oslo-listed owner fixes three vessels to Shell and wraps up $120m fundraiser.
Phased Introduction of the Global Cap Should the IMO consider a phased approach between the current 3.50% and 0.50% global sulphur limit?
Crude rallies on low production numbers 'The sizable build in crude supplies was more than balanced by the drop in product supplies,' says analyst.
Mixed price movements in European ports Low demand in Rotterdam.
Signs of improved compliance with new global sulphur limit DNVPS reports fall in fuels testing above limit while Visva Lab identifies different markets with high levels of fuels above 3.50% sulphur.
Fujairah prices falling Tight avails in Fujairah.
Lukoil-Bunker Italy deploys two tankers Company has been delivering product to vessels of northwest Africa.
New trader at Cockett Marine Tom Coffey will be based in UK office.
Wartsila to supply engines 'with integrated scrubbers' System will 'set new standards for environmentally sustainable shipping.'
Fuel oil imports down year-on-year Chinese bunker demand 'mediocre.'
Ship's officers in court after bunker spill Master and chief engineer given bail.
Asian bunker prices falling mid-week No indications in Hong Kong due to Lunar New Year holidays.
Maersk Line completes biodiesel test Test on Maersk Kalmar part of integrated testing and certification programme.
DHT posts lower revenues in fourth quarter Voyage expenses for 2011 amounted to $1.3 million, related to bunker consumption.
EEDI and SEEMP requirements to 'gradually' reduce emissions Higher fuel prices will, over time, 'drive' technology and innovation, says DNV.
US firm fined $1 million for oil pollution and ballast water failures 'Excessive' oil and diesel fuel leaking from components of Titan Express, says US Coast Guard.
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