Shipyards not funding rivals, says Stanchart Shipyards extending financing to shipowners will not be in direct competition with ship-financing banks, said Standard Chartered Bank yesterday.
Gulf shipping firms seeking local loans Persian Gulf shipping companies are turning to the region's banks to fund new purchases of oil tankers and natural gas transport vessels as European banks curtail their activity in the sector.
Italy shipping firm reels, puts bondholders at risk A slump in world freight threatens to sink Italian shipping firm Deiulemar Compagnia di Navigazione, hurting thousands of small investors who fear it issued around 550 million euros (S$909 million) of bonds that were not on the balance sheet while selling off its ships.
LOT suspends flights to Hanoi LOT Polish Airlines has decided to suspend flights to Hanoi (Vietnam), as of today (26 March). However, the Polish carrier will initiate a new connection to the Far East ...
Record year for transalpine freight traffic The volume of transalpine freight traffic in Switzerland continued to grow in 2011. The railway set a new record by hauling 25.6 million t of goods last year. The road and rail tog...
DB Schenker Rail offers direct services to Paris The German transport service provider DB Schenker Rail has linked the greater Paris area more closely to its European network by opening another rail logistics centre on the outski...
Ryder invests to refresh and upgrade rental fleet Ryder has announced that it is investing GBP 24.6 million (EUR 29.5 million) in a further upgrade and expansion of its rental fleet. Over the next two months Ryder will be introdu...
Liege cargo volume declines in February In February, 52,124 t of freight were transported through Liege airport (Belgium), a decrease of 4.38% compared to the 54,514 t in February 2011. The decline in cargo traffic ...
First vehicle to combine hybridisation and indirect cryogenic refrigeration The French Casino Group has joined forces with Renault Trucks, Air Liquide, Chereau and STAF to develop the first hybrid vehicle in the world featuring cryogenic refrigeration and ...
New GACAG website provides updates for air cargo industry and regulators Companies across the air cargo supply chain and regulatory bodies can now obtain updates on the lobbying activities and views of the Global Air Cargo Advisory Group (GACAG) online ...
German seaports report increase in throughput The seaports in Germany handled 7.3% more goods in 2011 compared to the previous year. Provisional figures compiled by the country's statistical office Destatis show that a total o...
Stef reports satisfactory business year 2011 The French refrigerated transport and logistics service provider Stef registered sales of EUR 2.3 billion in business year 2011, an 11.8% increase compared to the previous year. La...
Encompass opens regional headquarters in New York City Encompass Global Logistics LLC, a fast-growing 3PL that is ranked among the top 20 operators in the transpacific trade, has opened a new regional headquarters in New York City as p...
Ceva Logistics: new contract in Dubai Logistics and SCM specialist Ceva Logistics has signed a five year contract with Nasser Bin Abdullatif Alserkal Est, one of the biggest importers and distributors of major tyre bra...
New chairman for the port of Dunkirk On 14 March 2012, the French president, Nicolas Sarkozy, issued a decree naming Christine Cabau Woehrel as director general of the port of Dunkirk. She succeeds Martine Bonny, who ...
Grimaldi launches new maritime service between Brindisi, Igoumenitsa and Patras The Naples (Italy)-based Gimaldi group is launching a new three-times per week service between the ports of Brindisi, Igoumenitsa and Patras on 11 April. During the summer period t...
Playing it by the book UK health and safety rules apply to ports and ships handling wood pellets
Biomass: handle with care Tilbury fire highlights risks in handling and storing wood pellets
Almi establishes gas shipping vehicle Owner steps up talks on debut LNG vessels
Internet rollout recruits young seafarers Use of social networking sites could increase motivation and productivity
Venezuela's ties to China boost VLCC demand LLI data shows fall in aframax stems to US
Lomar inks feedership deal with Wenchong yard Six-ship order follows bulker deal with Cosco
Internet use can shave $100,000 off ship costs Owners and lines can benefit from lower bunker consumption, better staff motivation and improved management meetings
Color Line plans to order gas-powered newbuilding Major Nordic ferry operator ready to order gas-powered newbuilding
South Korean yard beats Japan rivals to land LPG orders STX nabs $100m Vafias order despite weakening strength of the yen
Deutsche Shipping sees major growth Ship financier benefits from weak competition and expansion into Asia
Minerva continues product tanker buying spree MR tanker prices continue to fall
Latest EU Iranian sanction decision falls short International Group says decision still leaves third parties vulnerable
Deutsche Bank steps up Asian ship lending THE SHIP finance division of Deutsche Bank, Deutsche Shipping, increased its business with customers in Asia to a new high in 2011
Baltic 'modal backshift' warned A STUDY of Baltic ships has revealed that owners are largely yet to prepare for the Emission Control Area start-up in 2015, which could spark a modal backshift
Struggle returns to box sector A BRIEF recovery in the box ship charter market has fizzled, as enquiry for tonnage cooled towards the end of last week
EC told breaking reform focuses on wallets PORT TAX, insurance schemes and other "economic mechanisms" would be effective means for reforming shipbreaking, a lobby group has told the EC
Mariner dies after fall AN INDIAN seafarer has died after falling into the hold of a box ship just freed from arrest
IMO urged to take whip hand on emissions VESSEL emissions should be regulated at a global rather than regional level, according to the European Sea Ports Organisation
Capesizes court 2008 lows SPOT RATES for Capesize drybulkers are courting lows last seen in late 2008, with little in sight to brighten the outlook, analyst and broker sources said today
Global raises profits 23% GLOBAL Ports Investments this morning said its St Petersburg box terminals raised throughput 44% in 2011 year on year
VLCC rally snuffed out A SLOWING in fixing activity on the VLCC market has snuffed out a recent rally of spot freight rates, shipbroker and analyst sources said today
Ships collide in Dover Strait TWO SHIPS collided this morning in the Dover Strait in poor visibility, the UK Maritime & Coastguard Agency confirmed
West Oz port plan advances PLANNING has begun for the first phase of Western Australia's PortLink freight corridor, according to the state government
FTR's Perry Discusses Economy Recovery, Deficit Concerns, Trucking Regulation (Video) Noel Perry, FTR Associates' managing director and senior consultant, explains the economy recovery but warns that the U.S. deficit crisis...
US Container Exports Grew 2.3 Percent in January U.S. containerized exports increased modestly in January as solid growth in Asian markets was partially offset by losses in European...
Hapag-Lloyd Plans Europe-Asia Fuel Surcharge Hapag-Lloyd will impose an "interim fuel participation" surcharge on Europe-Asia trade lanes to cover rising bunker costs. The proposed...
NY-NJ Port Authority Submits Bayonne Bridge Plan for Fast US Review The Port Authority of New York and New Jersey on Friday submitted to federal officials a formal request that the...
Shipping Confidence Up on Rate Expectations, Survey Finds Overall confidence levels in the shipping industry increased slightly in the three months ended February 2012, reaching its highest level...
Maersk CEO Andersen Faces More Surgery A.P. Moller-Maersk CEO Nils Smedegaard Andersen will remain on sick leave another six to eight weeks pending further surgery to...
Japan, Canada Agree to Launch FTA Talks Japan and Canada have formally agreed to launch negotiations on a bilateral free trade agreement (FTA) to eliminate import tariffs...
Can James Welch Save YRC? When a news headline last week declared YRC Worldwide was "back at (the) brink" of the default and bankruptcy filing...
Providing Southern Comfort When automobile manufacturer Fiat in 2010 announced plans to build a $1.8 billion plant in northeastern Brazil, CEVA, a global...
Learning From Chile No one is more delighted about the impact of 2004's U.S.-Chile Free Trade Agreement of 2004 than Tom Tjerandsen, North...
Bogota or Bust In the fashionable neighborhoods of Bogota, the gourmet restaurants, lively nightclubs and luxurious hotels are brimming with foreign executives eager...
Driving Ambition When Steve Russell buys a trucking company, it's not because he wants trucks. Drivers are the more important asset, said...
Rail Renaissance Rides South Mexico's rail industry is poised for growth, especially in intermodal shipments. The networks of Mexico's top two carriers,...
'Freight Is Not a Dirty Word' When he arrived in Overland Park, Kan., last July, James Welch began his plan to restart YRC Worldwide by cleaning...
Korea's Beef and Booze Boom Next time you're dining out in Seoul, have a good steak and wash it down with a shot of Jack...
States Push for Higher Fuel Taxes While the Senate pats itself on the back for passage of a mere two-year surface transportation bill, a handful of...
NY-NJ's Global Reach By the middle of 2014, the Port of New York and New Jersey will have a container terminal able to...
Banking on an Extension An electronics manufacturer in Singapore last year wanted 25,000 wire forms to be used in one of its products, and...
Big Harold vs. The Nut As the old saying goes, "Time flies when you're having fun." Somehow, TPM 2012 has come and gone, with record...
Unsigned on the Dotted Line Q: We're a third party, arranging transportation for shippers with carriers we have under contract. We specify contract rates in...
APM T keen on East Africa East Africa is definitely on the map when it comes to investing and operating cargo-handling facilities, according to the Hague-based APM Terminals (APM T), which ...
Global Ports Investments on a high Russia-based Global Ports Investments (GPI) recorded another set of stellar financial results last year largely on the back of container terminal operations in ...
China committed to Tazara It must be hoped that meetings that took place last week between China's deputy minister for trade and Tanzania's president, Jakaya Kikwete, will result in new ...
Bareli: 200 boxes removed but salvors hamstrung by bad weather Inclement weather off the coast of Fuqing, China, with waves up to 6m, has halted the removal of containers and the pumping out of heavy fuel oil from the stricken ...
Charleston a step closer to new terminal Progress on the Port of Charleston's Navy Base Terminal has moved further towards the construction of its planned new container terminal - which will increase the ...
MSC joins the hunt on shippers from northern Europe to Asia MSC has advised customers that 'in order to face the extraordinary demand of equipment' for cargo destined to Asia from northern Europe, it intends raising an equipment ...
New US bill will boost African trade Trade between the US and Africa is expected to benefit from a bill recently introduced by US congressman Chris Smith, who is also chairman of the House Subcommittee ...
SeaIntel flags up significant differences in on-time performances across alliances SeaIntel Maritime Analysis has analysed the schedule reliability for carriers in the Transpacific trade - and the conclusion is that the majority of carriers are ...
Auckland mediation talks fail Mediation talks between the Ports of Auckland [PoA] and the Maritime Union of New Zealand [MUNZ] made little progress today in solving the deadlock between the ...
Fuel efficient vessels creating 'two-tier' charter market Charterers using modern tonnage can cut bunker costs by $5,000 a day.
European bunker prices firm across the board Severe congestion reported in Gibraltar.
Prices firming in Middle East markets Cape Town avails subject to enquiries.
Russian fuel oil duty climbs But not by 50% as had seemed possible.
Hard times threatening Hong Kong low-sulphur initiative Only one of 17 shipping companies participating in voluntary fuel switch has said it will continue beyond 2012, and even now only around 10% of ships make the switch.
Head of Shell's Asia fuel oil trading to 'join Vitol' Report says Dominique Laborde resigned his position last week.
Bunker station targeting North America/Southeast Asia traffic Russian supplier says initial target is 10 to 15 vessels a month.
Asian shipowners reaffirm 'strong commitment' to clean environment ASF SNEC welcomes adoption of guidelines to assist in implementing the mandatory Regulations on Energy Efficiency for Ships in MARPOL Annex VI.
Bunker price movements 'mixed' in Asian ports Players report good avails.
Emulsion fuel producer ends H2 2011 with narrowing losses Cash reserves 'sufficient' to progress to full commercial operations, says Quadrise Fuels International.
East China fuel oil stocks up 50% Bunker traders 'not active' in picking up products.
Singapore court reverses decision against bunker supplier Equatorial allowed to pursue its claim for over $21.7 million from shipping firm MISC for alleged non-payment of bunkers.
Salvors conclude Costa Concordia fuel removal operations Operation 'executed in line with expectations', says Smit Salvage.
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.
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