SAA now serves Mumbai daily The Johannesburg-Mumbai route of South African Airways has been upgraded to daily from today. The Star Alliance member introduced a fifth weekly service in June and a sixth one in...
Itella new Masku transport partner in Finland The Finnish postal operator Itella and Maskun Kalustetalo, a leading Finnish furniture retail chain, have signed an agreement for domestic freight activities, as well as store and...
Evergreen improves Libyan links The Taiwanese shipping line Evergreen recently started a liner service from Piraeus (Greece) and Marsaxlokk (Malta) to the two Libyan hubs of Misurata and Benghazi, deploying two ...
DB Schenker Rail takes delivery of locomotives with particulate filters DB Schenker Rail Germany already has 80 Gravita shunting locos with additional particulate filters in its fleet. A total of 130 of these modern and environment-friendly diesel eng...
Danish transport companies improve domestic market share Danish transport companies' share of lorry traffic to and from Denmark has increased from 34 to 47% in the past two years, according to figures from International Transport Danmar...
SNCF to acquire 50% of Europool The French national rail operator SNCF is taking over a 50% stake in the Dutch company Europool from the German firm GSG Knape. The other 50% of Europool, which generates annual s...
United first North American B787 customer, RAM to follow Boeing and United Airlines announced the delivery of the first B787 Dreamliner to United, making it the first airline in North America to operate the aircraft. United will initial...
Gondrand reshuffles management Olivier Houart, the Gondrand Group's CEO and chairman of the board of directors, has taken on the company's operational management in Switzerland with immediate effect. The execut...
Crocodile inspects belly hold Baggage handlers on a Qantas flight made a surprising discovery while unloading luggage recently, the Australian media reported. A 60 cm crocodile escaped from its cage during a f...
German public inland ports elect executives Germany's association of public inland ports (Bundesverband Öffentlicher Binnenhäfen BÖB) unanimously elected a new executive for four years at its 2012 general assembly. It consi...
Swiss: next stop Singapore The option for Swiss to expand its Asian services with the addition of a daily nonstop Airbus A340-300 flight to Singapore, which Oliver Evans, the cargo COO of Swiss, had announc...
Hoyer signs cooperation deal with Etihad Rail Hoyer, an international chemical industry logistician, and Etihad Rail, based in Abu Dhabi, have commenced close collaboration in the transportation of liquid bulk cargo in the Un...
DHL opens Energy Center in Houston DHL, a leading global logistics company, has opened its Energy Center in Houston TX (USA), to showcases DHL's unique range of services for leading players in the energy sector, in...
C.H. Robinson to acquire Phoenix International The Minneapolis-based third-party logistics provider C.H. Robinson Worldwide has reached a stock purchase agreement to acquire the privately-held international forwarder Phoenix I...
Oil prices and the power of what-if Fiscal policy, geopolitics and fear shape the costs of US crude
Human error rather than ageing vessels is biggest risk in Arctic Focus should be on the right training to work in icy conditions, says Norton Rose partner
Canadian First Nations groups buy land at Kitimat port Purchase puts Canada's LNG exports on a surer footing for now
Ferry operators bear the brunt of Greece's crisis Sector's plight is evident as first of the 'big five' operators seeks court protection
Greek ferry bosses meet Mousouroulis for crisis talks Jobs are at stake as industry faces 'the most difficult period in our history'
Investors advised to put money in ports rather than shipping Clarkson Capital Markets says terminals better placed to ride out the cycle
Shipowners must work harder to secure finance Companies must do more to help themselves, DVB tells Capital Link forum
Costa Concordia wreck removal costs increase by $100m Claims break second tier of IG reinsurance
Iron ore and steel trade to double in five years Forecasts point to 2014 as peak year for dry bulk port capacity growth
Suezmaxes hit as US imports of West African oil plummet Domestic production squeezes out imports of light sweet crude
ITF attacks Panama and Cyprus over box weight check delays Flag states' delaying tactics highlight 'poor reputations', say unions and shipowners
Hour of need Greek shipowners pay taxes and raise funds for the poor
Teekay and Golar LNG announce Norwegian bond issues Oslo market remains viable alternative for maritime and offshore issuers
Shipowners pessimistic about supramax rate prospects Grim prospects for recouping investments, cost of credit and profit margins
Hapag-Lloyd looks to 2014 IPO Kühne bides his time, but pledges to keep a controlling stake
New labour ITF adopts more forward-looking tactics
Siem poised to order car carrier pair Price of $60m for 6,500 ceu vessel compares well to other orders
Brussels puts Spain on a warning for breaking EU port labour rules Dockworkers pool limits recruitment from the open market
West African demand ignites Atlantic product tanker market Earnings for MR vessels hit four-month high
Fund launched to target offshore infrastructure vessels Investment adviser join forces with Red7Marine
Odfjell Terminals (Rotterdam) axes jobs after summer safety shutdown Company posts second-half loss as Shell ends its contract at troubled site
China ports throughput report slow growth in August Ministry of Transport data reveals tepid peak season petering out
Europe's dockers warn of backlash against liberalising jobs Unions declare they are ready to fight as Brussels considers ports policy review
Cosbulk gets $400m loan from CDB China Cosco vouches for credit to fortify bulk arm's working capital
Pirate attack 'marks start of post-monsoon operations' Somali piracy's capability still very much intact, warns Dryad Maritime
Indian port concession winners withdraw from project Eredene Capital blames abandoning of Ennore terminal on weaker rupee and lower growth in box traffic
Univan steps up internal port state control checks Move follows UK detention of 2011-built bulk vessel
Eagle Ford fuels Jones Act demand in US SURGING US oil production is not only curbing import appetite, it is heightening demand for Jones Act tankers and ATBs, several industry sources have confirmed
Baoshan shuts plant BAOSHAN Iron & Steel, China's largest listed steelmaker, was reported today to have stopped production at a plant because demand for shipbuilding slabs has fallen
Panamax bulker rates crash to a record low PANAMAX bulker freight rates have crashed to an all-time low as the sector felt growing pressure from newbuilding deliveries
Brightoil's profits fall 76% HONG KONG-listed bunker supplier Brightoil has reported a 76% year on year drop in 2012 net profits because of weak global demand for bunkers
Golar LNG weighs $227M in bonds GOLAR LNG said today it might issue senior unsecured bonds in Norway's bond market worth up to $227M
Strikers close two ABG Haldia berths A WILDCAT strike has shut down two berths at ABG's Haldia Bulk Terminals, a senior Kolkata Port Trust official told Fairplay today
LNG rates fall w/w LNG RATES are today being quoted lower week on week both on the spot market and for one-year timecharters, a shipping analyst said
RCL gets $10M injection THAILAND'S RCL said it is receiving a "financial assistance" of 300M baht ($9.7M) from majority stakeholder Ngow Hock Co
Bulker fleet growth slows ONLY 74 bulkers were delivered from yards in August, well below deliveries in June and July, which saw more than 100 ships arrive each month
Drybulk congestion rises CONGESTION in drybulk ports has inched up, after falling to a 2012 low last week
Subsea 7 plans bonds worth $700M SUBSEA 7, the UK-based seabed-to-surface engineering group, said today it plans to issue five-year convertible bonds valued up to $700M
World Container Index Slips 3 Percent The World Container Index comprehensive reading for Sept. 21 was down 3 percent or $66.03 from the week before, to...
STB Orders Berkshire Hathaway to Divest Two Railroads Berkshire Hathaway has roughly a week to explain to the federal government how it will divest itself of two railroads,...
Ship Schedule Reliability Fell 6 Percentage Points in August Container ships reached their destination ports around the world on time 77 percent of the time in August, a drop...
Investors Signal Rail Profit Slowdown Investors are scaling back their profit forecasts for several of the major U.S.-based railroads ahead of the release of their...
INTTRA Updates OceanSchedules Service INTTRA announced a new release of its OceanSchedules service that enables customers to access and evaluate more than 7 million...
Indonesia to Implement SOGET-Microsoft Port Community System Indonesia is planning to roll out a single electronic platform across all of its commercial ports over the next few...
Consortium Drops Bid for India's Ennore Terminal India's port privatization program suffered yet another setback Thursday when a consortium that had won concessions to build and operate...
Southampton celebrates box port investment The UK port of Southampton yesterday saw the official launch of a GBP150 million investment project aimed at keeping its container facilities competitive. The development ...
APM T bags port operator gong at Lloyds List awards At a lavish dinner attended by the great and the good of the shipping industry in London's West End last night, the Hague, Netherlands-headquartered APM Terminals ...
CP targets Southeast Asia Canadian Pacific (CP) is set to boost its links to the Southeast Asia market after expanding its logistics service there by appointing its first representative ...
ITF attacks Panama and Cyprus over box weight check delays International Transport Workers' Federation [ITF] president Paddy Crumlin and general secretary David Cockroft have joined other industry leaders in voicing dismay ...
OOCL push on with RRs Hong Kong-headquartered OOCL is attempting to reverse the negative sentiment of freight rate futures on the capacity excess troubled Asia - Europe trade lane by ...
Bunker prices on rollercoaster ride The cost of Rotterdam-sourced IFO 380 was down by USD4.50 per tonne yesterday at USD631, after gaining USD4 the day before, following a USD6 loss the previous day, ...
American trucks weighed down The American Trucking Association's [ATA] for-hire truck tonnage index contracted by 0.9% in August after increasing by 0.4% in July, however compared to the same ...
Harvey goes 'green' US offshore owner mints deal to build another pair of LNG-powered OSVs.
Papaeconomou's pick Shares of Baltic Trading would be a nice addition to a diversified portfolio despite ongoing turbulence in the drybulk market, according to Lambros Papaeconomou.
Is piracy still a plague? Pirate attacks off the Horn of Africa have fallen sharply in recent months but the threat to commercial shipping remains, according to security specialist Dryad Maritime.
Molaris sounds eco alarm Stamatis Molaris has called on owners not to get caught up in the hype of eco newbuilding orders.
Dacy snubs saviours Private equity and Chinese banks will not provide a plug for shipping's funding gap, JPMorgan says.
Dry dealt another blow Sentiment in the bulker market took another hit Thursday in the wake of reports that one of China's top steelmakers has suspended production at a plant in Shanghai.
Scorpio seals juicy fixture Scorpio Tankers is putting its newest medium-range (MR) products carrier to work on the back of delivery from Hyundai Mipo Dockyard in South Korea.
Subsea 7 succeeds Oslo-listed offshore shipowner Subsea 7 has sold $600m of bonds to fund expansion.
Commerzbank 'stuck' Commerzbank could find itself "stuck" in the shipping industry, according to rival Citigroup.
'Rebound unsustainable' Clarksons Capital Markets has dismissed a recent rally in the Baltic Dry Index as unsustainable.
Golar preps bond press Another publicly traded shipowner is turning to the Norwegian bond market it a bid to slash debt.
D'Amico adds MRs D'Amico International Shipping (DIS) has returned to Hyundai Mipo for two more eco MR tankers.
Skaugen: no hit and run Norway's IM Skaugen has denied reports its gas carrier Norgas Cathinka did not stop in the immediate aftermath of its fatal collision with an Indonesian ferry.
How to get a loan Small and medium-sized owners can do more to win loans from banks, DVB says.
ALG in new tie-up UK cruise group All Leisure has announced a tie up with rival Cruise & Maritime Voyages (CMV) as it shakes up its top management.
Nordic linked to P+S Germany's Nordic Yards is the latest shipbuilder to be linked with a potential bid for insolvent rival P+S Werften.
Guy Eldar in at Zim Israeli container line Zim is bringing in Guy Eldar to replace Allon Raveh as its chief financial officer (CFO).
Marco takes IPO step Marco Polo Marine has taken the first firm step towards an initial public offering of its Indonesian affiliate.
Crew speaks out Seafarers on a Brittany Ferries ship have revealed their grievances as the industrial dispute that has kept vessels in port continued into its second week.
Jasa swoops for two Malaysian offshore owner Jasa Merin has added a pair of advanced anchor handling tug supply vessels to its fleet.
GulfMark secures $150m GulfMark Offshore has clinched new funding worth $150m as it expands its fleet.
ICAP makes India move ICAP Shipping has dipped a toe into the burgeoning Indian market with the acquisition of a local broker.
Ultrapetrol complies South American shipowner Ultrapetrol has boosted its share price back above the $1 minimum demanded by the Nasdaq exchange.
TK closes on funds Teekay Corporation is planning a raid on the Norwegian bond market.
Eredene quits Ennore deal Eredene Capital, a UK based infrastructure fund, has withdrawn from India's Ennore Port container terminal project.
Subsea in bond splash Oslo-listed offshore shipowner Subsea 7 is plotting a bond sale worth up to $700m.
Atlantic buys POET PSV Atlantic Offshore Services SA has agreed to acquire a PSV under construction at a shipyard in Singapore.
Botched turns blamed Indonesian police have said the fatal collision between an IM Skaugen gas carrier and a ferry happened because both ships tried to turn at the same time.
Vitol denies Iran deals Oil trader Vitol has denied that it has violated US-led sanctions against trading in Iranian crude or oil products.
12 year deals for CIMC China International Marine Containers (CIMC) has won twelve year leases for the ships it has just ordered for charter to CMA CGM.
Rational and irrational competition Recent actions by central banks around the world indicate the near-term global economic outlook is improving, but even assuming that the United States delays the "fiscal cliff," it is difficult to expect high growth and therefore the intensity of competition that such an environment spawns will decrease.
HP's China strategy
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A demanding problem
All points on the compass
Reinvigorating U.S. export reform
Supply chain security foolishness Some years ago I had occasion to travel through Japan and was awaiting a flight to Chicago at Tokyo's Narita airport. It was a lovely sunny day, and a brand new Japan Airlines Boeing 777 was parked...
Delay is not a loss
Have you been served?
Banking on health care
NTSB calls for anti-ground collision devices
From hoarder to helper
Analysis: C.H. Robinson reaches forwarding big leagues
Port of Virginia names interim director Chief Financial Officer Rodney Oliver will become the port's interim executive director, taking over for Jerry Bridges who is scheduled to step down as head of the state agency at the end of October.
Indonesia begins massive port customs system The Indonesia Port Corp. II has chosen a service from SOGET and Microsoft to implement what it calls the largest port community system in the world, beginning with Jakarta before expanding to other Indonesian ports.
IMO committee to look at low sulphur fuel availability Energy efficiency measures and MBMs also on agenda for next week's MEPC meeting.
Prices showing mixed movement in Fujairah Price of intermediate fuel oil loses $1.50 while distillates go up by same amount.
Rotterdam IFO prices fall while MGO prices rise Hamburg and Gibraltar markets lack direction.
Supplier says Baltic port has 'promising' bunker prospects Lukoil-Bunker sold 64,000 mt of bunker product in Ust-Luga in the three months June to August.
Global outlook for crude now 'stable', says OPEC But next year's forecast holds 'considerable uncertainty'.
Ban bunker fuel on Arctic routes, say greens EU should take lead in protecting Arctic.
New terminal on track to open in 2014 Eight tanks were partially built and that the foundations have been laid for another 11.
Fuel oils stocks fall as softer prices trigger demand Chinese buying, however, remains lacklustre.
Bunker prices move downwards Good demand in Hong Kong ahead of office closures next week due to public holidays.
Transport strike may hit ports Industrial action by rail workers could spread to South Africa's port sector.
Vitol subsidiary 'did buy Iranian fuel oil' Trader admits purchasing spot cargo but says Vitol companies 'no longer purchase any product of Iranian origin.'
Firm wins award for marine wind and solar power solution Plans to continue 'bringing new solutions' at future events.
China scores Arctic first Icebreaker crosses Arctic Ocean.
Finnish, Chinese partnership to focus on fuel efficiency Partnership will specialise in research, development, manufacturing and sales.
ENOC implements ethical guidelines at Singapore terminal Code of Business Conduct to serve as a 'roadmap' to uphold 'highest ethical values', says GM of Horizon Singapore Terminals.
Billionaire investor 'skeptical' of LNG as bunker fuel A rising LNG price would affect take-up of LNG as marine fuel, says Wilbur Ross.
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