Big ships just as safe, says insurer BIGGER ships can be as safe as smaller ones - never mind the latest worries arising from mega-cruise ship Costa Concordia's collision on a coral reef that claimed 30 lives.
Baltic main index up 6 points The Baltic Exchange's main sea freight index, which tracks rates for ships carrying dry commodities, rose further last week as three-year low rates in the capesize market were countered by higher rates for smaller vessels.
Trial of former execs of Vinashin starts tomorrow Former top executives at a scandal-hit Vietnamese shipping giant are due in court tomorrow, but experts say the trial will offer little reassurance to investors over the country's broader economic woes.
Spain's Correos names new president Spain's mail service provider Correos has replaced Angel Agudo San Emeterio who accepted a position as a professor at the University of Cantabria just seven months after his appoin...
KLM postpones resumption of Tripoli service... According to the GDS inventory display on 6 March 2012, the Dutch carrier KLM is postponing the resumption of its Amsterdam - Tripoli service. The service is scheduled to...
SBB Cargo: first hybrid locomotive goes into service SBB Cargo, a Swiss railfreight service provider, recently held a naming ceremony for the first of the 30 hybrid locomotives that it has on order. The engine, which was then put int...
Rail4Chem renamed Rail4Captrain The German company Rail4Chem Eisenbahnverkehrsgesellschaft mbH (R4C), part of Captrain Deutschland GmbH, will operate under the name Rail4Captrain GmbH (R4C) in future. The new nam...
GNV planning a Sète-Tangiers sling Genoa (Italy)-based Grandi Navi Veloci (GNV) wants to start a service between Sète (France) and Tangiers (Morocco). The company's general manager, Ariodante Valeri, confirmed that ...
Emons' environmental calculations 2WIN certified by CE Delft Emons Cargo, a full truckload (FTL) carrier fully specialized in international double deck transportation from Milsbeek (Netherlands), has had the calculations that it makes to rep...
Signing of Franco-Swiss agreement at Basel-Mulhouse airport An agreement about the labour law practice for companies operating in the Swiss sector and the common sector of Basel-Mulhouse airport was signed yesterday (22 March)...
BlueEfficiency power: Mercedes-Benz presents new engine generation for commercial vehicles The German vehicle manufacturer Mercedes-Benz has unveiled a totally new generation of medium-duty OM 93x engines in Stuttgart-Unter'türk'heim. Together with the equally new heavy-...
Lufthansa Cargo reports strong result despite headwinds in 2011 The German freight carrier Lufthansa Cargo returned an operating profit of EUR 249 million in 2011, the second-best result in company history. Chairman and CEO Karl Ulrich Garnadt ...
DB Schenker Logistics: new premises in Augsburg DB Schenker Logistics is expanding its network in Germany by the addition of a new facility in the Prologis Park Augsburg. The new location in the logistics real estate park offers...
Mangalore Port Trust adding capacity India's New Mangalore Port Trust (NMPT) added 11 million t to its total capacity in the last five years, according to NMPT's chairman, P. Tamilvanan. The petroleum, oil and lu...
Freja Norway has new sales and marketing director Freja Transport & Logistics AS has appointed Ellen Koffeld as the sales and marketing director of its Norwegian management team. She will report to Ulrik Rasmussen, managing di...
New managing director for SDV Geis in Frankfurt SDV Geis GmbH, based in Frankfurt (Germany) has chosen Michael Schork to be its managing director, with effect from 1 April. SDV Geis, a joint venture owned by the French SDV corpo...
Husqvarna banking on Fiege Ukraine Germany's Fiege Group has signed a new logistics contract with Husqvarna Group in Ukraine. Husqvarna Group is the global leader in outdoor power products for forestry, park mainten...
Ceva signs three year partnership with Hankook Ceva has signed a three year agreement with Hankook Tire Italy, a global tyre manufacturer. Ceva will manage the storage, distribution and reverse logistics for the customer's tyre...
Sticking up for EEDI Shipowners must back not attack the index, says BIMCO
Box lines' China trade could be swamped by a Mexican wave Chinese labour costs are rising rapidly. Now fresh analysis suggests that manufacturers are relocating to Mexico
Brussels calls for new rules on shipbreaking European Union ships to be recycled only at approved centres
Maersk halts Europe-China bookings until May Critics question whether move seeks to firm up rates
The pros and cons of shipbreaking Wista UK debates the Hong Kong Convention on Ship Recycling
Norwegians' bargain bonds are booming Appetite for risk revives with a flourish
Mersey paradise Port of Liverpool hits back at doubters as it prepares to build second terminal
Falling Brazil iron ore exports to China kill capesize market Monthly volumes down from 33m tonnes a month last year to 9m tonnes in January
Louis Dreyfus and DFDS charter a second ferry for Dover-Calais Brittany Ferries' ro-pax Barfleur to work alongside Norman Spirit to fill gap left by SeaFrance collapse
Chemical waste found in Dutch bunker fuel Criminal gangs dump toxic liquids, say police
To have and have not Norwegian bond market throws a lifeline to the chosen few
Strike in Argentina threatens supramax trade Wheat and soyabean no longer getting to port
Obama approves pipeline from Oklahoma to US Gulf US product tanker exports will rise but seaborne crude imports will fall
Allied Maritime in fresh charterhire lawsuit Dynasty Shipholding lawsuit raises confirmed claims to more than $20m
Shipping divided over EU moves to fight piracy on Somali soil Players demand more clarity before giving move their blessing
HSH Nordbank reduces exposure to box shipping Condition imposed after government bail-out
APM Terminals improves safety Award winner's sustainability report outlines a detailed plan to manage risks better in four key areas of port operations
UAE set to build LNG import terminal Growing demand for airconditioning in summer boosts liquefied natural gas requirements
Gulf of Guinea pirate attack mimics Somali tactics Chemtanker Zouzou hijacked as regional navies struggle to cope
Grimaldi launches summer ferry service Ro-pax service to Brindisi, Igoumenitsa, Patras and Corfu
NYK-Hinode Line to supply Ichthys Two specialist vessels to deliver modules to Darwin LNG project
Sacked Nautilus official plans leadership bid Former assistant general secretary Paul Moloney seeking reinstatement
Japanese firms invest in Modec FPSO Vessel to sail to Brazil in third quarter of 2014
Cruise bodies demand tighter casualty reporting regulations Flag states must report casualties that lead to death, ship loss or marine damage
Eimskip on course for exchange listing Carrier posts 12% rise in profit
Searching for the capesize floor Some see a slight uptick in rates as iron ore import demand undergoes a mild revival in China
Strengthening the ISM Code Good in design must translate into good in practice
D-day looms for Sanko Steamship To survive, the Japanese shipowner needs its creditors to co-operate and show patience
China crew support declines WELFARE services for seafarers in China are waning, according to Dr. Minghua Zhao of the Greenwich Maritime Institute
Politics hinders MLC ratifications POLITICAL processes outside the shipping industry's control are delaying Maritime Labour Convention 2006 ratifications, according to industry experts
EC seeks tighter rules on shipbreaking THE EC today unveiled plans to tighten the EU's rules on shipbreaking
Tanker attacked off Nigeria A PRODUCTS tanker has been attacked in the Gulf of Guinea, the AKE maritime security said today
Pirate-victim programme adds three nations THE UK piracy victim response programme has been extended to India, the Philippines and Ukraine
Calais/Dover ro-pax added DENMARK'S DFDS and Louis Dreyfus Armateurs of France today said they have chartered a Brittany Ferries ship to add a second vessel for their new Calais/Dover service
Brindisi to be tied to Greek ports GRIMALDI Lines said today it plans a new triangular passenger and ro-ro service linking southern Italy and Greece
Climbing BDI stumbles OWNERS of drybulk carriers are facing Capesize rate falls that have worn out the recent climb of the Baltic Dry Index
Croatia OKs acquisition of Brodosplit yard CROATIA has approved the bid by DIV to acquire a 99.78% stake in the country's largest shipyard, Brodosplit
Brazil bonanza seen for Singapore's yards SECURITIES group UOB Kay Hian said today it expects Petrobras to award more contracts to Singapore rig builders Sembcorp Marine and Keppel Corp
Odfjell plans 5-year bonds ODFJELL said today it plans to issue unsecured five-year bonds on the Norwegian market
Bergen to control Origo BERGEN, the listed Norwegian shipbuilding group, has acquired a 60% stake in Origo Process, a privately owned engineering company that serves the oil and gas industry
HSH ramps up ship write-downs GERMAN state bank HSH Nordbank said today it doubled its loan-loss provisions to about €650M ($861.2M) last year
Bolloré profits despite Cote d'Ivoire crisis FRANCE'S Bolloré raised its transport and logistics profits last year despite being severely disrupted during the first four months by Cote d'Ivoire's political crisis
APM awarded box terminal COSTA Rica has awarded a concession to build a box facility to APM Terminals, which calls for an investment of about $992M by the port operating arm of Denmark's AP Møller-Maersk
ODFL Opens Oakland Drayage Center Trucking company Old Dominion Freight Line opened a drayage facility in Oakland, Calif., expanding its container-hauling business to meet higher...
Chinese New Year Hits Tacoma Volumes Container volumes at the Port of Tacoma declined 2.2 percent in February compared to the same month last year. ...
Reinventing YRC: Q&A With CEO James Welch Journal of Commerce Senior Editor William B. Cassidy interviewed YRC Worldwide CEO James P. Welch and other executives Feb. 21,...
FedEx to Pay $3 Million to Settle Bias Claims FedEx will pay $3 million to more than 21,000 rejected job applicants to settle allegations of hiring discrimination, the Labor...
Rail Intermodal Shipments Up 2 Percent for Week U.S. intermodal rail shipments in the week ending March 17 rose 2 percent year-over-year, and traffic was flat on a...
AFL's Mack Gives Progress Report on Halifax-Boston-Portland Service (Video) Rudy Mack, chief operating officer of American Feeder Lines, provides an update on AFL's coastwise container service. Mack was interviewed...
Maersk Sets New Round of Far East Rate Hikes Maersk Line is implementing a new round of general rate increases in its Far East Asia services, starting April 15....
FEC Industries to Add Passenger Rail in Florida Florida East Coast Industries will launch a private passenger rail service linking South Florida and Orlando in 2014, the real...
Sunteck Transport Parent Boosts Sales, Profit More transportation services and a bigger agent network helped logistics operator AutoInfo increase gross revenue 14.4 percent to $320 million...
Seaway Season Opens With New Trade Patterns Coal from the Powder River Basin in Montana and Wyoming, and iron ore from the U.S. Midwest and Canada began...
Maersk Suspends All North Europe-Asia Bookings Maersk Line has suspended bookings on its North Europe-to-Asia services effective immediately as it battles to clear up a backlog...
Australia to Consider Bill Removing Shipping Tax Australia's government will introduce legislation in the lower house of Parliament Friday to remove a tax on domestic shipping companies...
G6 Alliance to Skip Gdansk Calls on Loop 3 The G6 Alliance's Loop 3 Asia-Europe service will not include a call at the port of Gdansk, Poland, OOCL said...
Fraying at the Beams When it came time to impose the Transpacific Stabilization Agreement's recommended March 15 rate increase, the 15 member carriers took...
Split Decision - for Now In the battle for dominance in the U.S. container shipping trades, Mediterranean Shipping Co. didn't deliver a knockout, winner-take-all punch,...
Ocean Carriers' Big Splash What's going on with the world's container carriers? Maersk Line and other large carriers say they're no longer seeking additional...
March Madness Just as college sports fans can debate endlessly about the superiority of their programs during the NCAA basketball tournament, the...
Nippon Express U.S. Unit Invests in Colombian Firm Nippon Express Co., Japan's largest international freight forwarder, said that its U.S. subsidiary has formed a capital alliance with Colombia's...
Fears over China slowdown hits stocks London's FTSE 100 tumbled again yesterday and looks like posting its biggest weekly fall so far this year on signs of slower growth in China - specifically that ...
NAFTA trade surges in 2011 According to data published by the US Department of Transportation's, Bureau of Transportation Statistics [BTS], trade with its NAFTA partners - Canada and Mexico ...
BabyCare sitting for Menlo The Chinese operation of Menlo Worldwide Logistics has secured the north China distribution and warehouse management for BabyCare Inc. - a direct selling company ...
'Get prepared for 22,000 TEU behemoths': APM T exec That was the message APM T's Crane & Engineering Services [CES} managing director, Halfdan Ross wanted to get across at the recent TOC Container Supply ...
Maersk stops bookings from Northern Europe to Asia Maersk Line has temporarily ceased taking eastbound cargo booking from Northern Europe to Asia due to insufficient vessel capacity. The shortage stems from 'a large ...
Valencia stresses importance of local cargo Sustainable hub ports need local cargo as well as transhipment business according to Valencia's Port Authority chairman Rafael Aznar-Garrigues (in photo). Speaking ...
Locked-out Auckland dockers await court ruling Dockworkers at the Ports of Auckland [PoA] that have been barred from the port by the management expect a ruling from the Employment Court early next week on the ...
Bunker prices uncertain as week ends Demand was steady on the US Gulf, according to local players.
Lunding charters LNG powered vessel Viking Prince It is delightful to see another operator on the shelf start using LNG powered supply vessels.
Vitol said to have bought 50% stake in Cockett No confirmation from companies involved, but observers suggest it could give Cockett access to more credit and scope to expand.
Company with high-speed vessel patent goes bankrupt Was planning trans-Atlantic container vessel service to 'exploit the void between high cost airfreight and low cost, but slow speed ocean services'.
Prices firm in North Europe Bunker prices in Mediterranean ports, meanwhile, falling for the third consecutive day.
Stock market analyst takes note of ECA impact Nomura Securities analyst remains positive on cruise sector stocks despite expected additional fuel costs later this year.
Small price movements in Middle East hub Good bunker demand reported in Fujairah.
Guides to help owners find way through 'jungle of fuel saving measures' 'Fuel Saving Guideline' for various ship types examine technologies for new and existing ships and look at compatibility with IMO regulations.
Fuel efficiency 'will be key in new designs' 'Shipowners are discovering, somewhat later than their peers, the merits of low-consumption and [high] performance.'
Order book promises a 'quadrupling' of LNG-fuelled vessels 'Early entrants into LNG bunker supply will be able to secure strong positions,'says consultants.
Ex-Russian energy minister 'to bid' for Petroplus refineries Investment fund shows interest in three European plants.
New BP/Sinopec deal will 'open door' to Chinese market Both companies 'want to grow their global bunker business.'
Asian bunker prices softening on Friday Supplies 'slightly tight' in Tokyo and Busan.
Investment bank revises NOL's loss forecast Maintains NOL's ratings on the back of a hike in Transpacific rates even as bunker prices continue to increase.
High bunker costs puts 'strain' on Hapag-Lloyd Difficult operating environment has made it 'imperative' to announce sharp increase in freight rates, it says.
Genmar given extension to file reorganisation plan 'Short extension' will allow the process of plan confirmation to continue in an 'orderly fashion', it says.
Salvors near completion of fuel extraction from Costa Concordia 'Only a few tonnes of fuel remain' on board the stricken cruise ship, says local authorities.
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