Baltic index rises for second day The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose for a second session on Tuesday helped by firmer bookings on the larger capesizes.
Fremantle Ports says 48-hour strike will impact retailers in holiday period Fremantle Ports, which operates the harbour servicing Western Australian state capital Perth, said a planned 48-hour strike from today may affect A$144 million (S$186 million) worth of trade.
Knightsbridge may sell two of its supertankers, says CEO Knightsbridge Tankers Ltd may sell two of its four supertankers and invest in dry- bulk shipping, betting returns from hauling coal and iron ore will rebound before those for carrying oil.
ICTSI Subic Bay terminal in partnership with logistics provider The Subic Bay International Terminal Corp (SBITC), a subsidiary of International Container Terminal Services Inc (ICTSI) operating the Subic Bay freeport container terminal, has si...
Alpha Industrial buys logistics property near Munich Alpha Industrial, a logistics and industrial properties investor, developer and manager, is building up its presence in Munich. Having launched the München Ost Logistikpark in Plie...
Russian Railways and Alstom Transport sign agreement A memorandum of cooperation has been signed between Russian Railways and Alstom Transport on the application of lean manufacturing technologies. The cooperation will be maintained ...
Network Rail purchases Hydrex Rail Network Rail Infrastructure has completed the purchase of the assets of the rail division of Hydrex Equipment (UK) from administrators KPMG. Hydrex is the largest provider of road-...
Airland Project exclusive WWPC member in Denmark Airland Logistics, founded in Kastrup near Copenhagen in 1975, and its project division Airland Project, have been appointed as exclusive members of the Worldwide Project Consortiu...
Augustin Network opens new site in southern Germany Augustin Network has expanded its network with a further site in Ettlingen near Karlsruhe (Germany). The main focus of the branch is on the parts and complete loads for tarp and co...
Stena Line deploys new ships on new route Stena Line's new GBP 80 million Loch Ryan port and terminal facility in Cairnryan has been officially opened by Scotland's first minister Alex Salmond and Stena Line chairman Dan S...
Brussels airport confident despite global freight trend Brussels airport has also been hit by the worldwide negative air cargo trend. Although it posted an increase of 4% over last month, 1.2% less cargo was transported than in the like...
K+N wins Hill-Rom emerging global partnership award Hill-Rom Holdings, a medical equipment manufacturer, presented its emerging global partnership award to Kuehne + Nagel at its American supplier conference held in Indianapolis IN r...
Partnerships and innovation key to growth in Mena aviation The International Air Transport Association (Iata) called for cooperation among aviation stakeholders in the Middle East and North Africa (Mena), to master the challenges of growth...
Turkish Cargo improves paperless freight handling The freight department of Turkish Airlines recently expanded and extended by three years an agreement first signed in 1999 with Traxon Europe, a provider of electronic communicatio...
Rail cargo volumes in Germany back to pre-crisis levels In the first three quarters of the year, domestic and foreign rail companies transported 238 million t of goods in the German rail network. According to information from the German...
AA flies on under chapter 11 and new CEO The parent company AMR of the US carrier American Airlines is replacing its CEO, with Thomas Gorton how heading the company and his predecessor Gerard Arpey retiring with immediate...
George Karras celebrates 25 years with Contargo George Karras, Contargo's sales director for Europe, celebrated his 25th anniversary with the company in November. Karras began his career as sales and operations manager in Rotter...
EXCLUSIVE: Calls for regulation of armed guards as crews put at risk Rapidly-growing maritime security sector must be controlled, says Redfour chief
DryShips faces class action lawsuit over investors' losses Disgruntled shareholders target George Economou, Pankaj Khanna, Deutsche Bank and Merrill Lynch among others
Slow steaming is here to stay for VLCCs Still more pain to come for the tanker sector but volatility could surprise the market, says ACM Shipping chief executive
Minoan Line blames Greek financial crisis for dip in Adriatic-Aegean trade Company posts $30m loss for first nine months
EXCLUSIVE: Owners advised to take the initiative on restructuring Struggling businesses urged to be proactive in raising problems with their lenders
Hanjin fires rates salvo on Asia-Europe routes South Korean carrier follows CMA CGM move to push up rates
Oltmann has an eye for a bargain Schnäppchenfonds III is almost fully invested
VLCC secondhand values drop to all-time low on Baltic Exchange index Asset values for five-year-old very large crude carriers keep falling amid poor daily spot market earnings so far this year
Sernam seeks industry partner Sector consolidation said to be 'unavoidable in a difficult economic environment'
EXCLUSIVE: Greek-UK shipping axis 'flourishing' but could be strengthened Maritime London says guarantees for non-doms make UK 'an attractive alternative'
KG funds risk 'capsizing' in second wave of financial restructuring Slump in boxship charter rates raises bankruptcy fears for German funds
Assume nothing The level of ignorance regarding shipping matters among senior figures in the climate change debate is worrying
Crowded house China's decision to consolidate its shipyards could prove a mixed blessing
Bringing Portland back to life The huge enclosed harbour lying in the lee of Portland Bill was once a scene of dereliction. Now it is thriving
OECD numbers confirm sharpness of third-quarter slowdown Countries in Europe suffered most, with exports and imports falling in all major European nations in the third quarter
High claims force Japan P&I Club to buck IG trend Club opts for loan rather than premium hike
Colourful remarks require a black-and-white response UK Chamber of Shipping would like to put right Idarat Maritime's Christopher Ledger
Eurozone break-up would undermine shipping The EU has become an important player in international maritime policy and economics. Any diminution of that role could have a significant impact on the industry
OECD sounds alarm over weakening trade growth Governments urged to prevent euro debt crisis from spreading and to restore weakening global activity
Study of vessels' scrap values illustrates decline in ship prices Analysis identifies numbers of ships of three main ship types valued at demolition values
Agents call time over ports funding stalemate Decade-long controversy on the brink of boiling over
Can one man change the habits of centuries? Wilbur Ross hopes for smooth landing as he invests in shipping ventures
Höegh LNG secures $288m for two new regasification vessels Despite slim third-quarter loss, Oslo LNG specialist is optimistic about opportunities
Booming box leasing industry invests in record number of new containers Lessors cashed in as sharp downturn of 2009 gave way to 2010 surge in demand
Moody's reviews ratings for NYK and MOL Downgrade mooted amid slump in world economy and shipping markets
Norwegian Car Carriers sees modest market recovery Quarterly loss deepens due to impairment of two vessels
Houston gets dredge money DREDGING contractor Great Lakes Dredge and Dock has won a $7.8M contract to maintain the Houston Ship Channel
Reverse split plans mount DEPRESSED share pricing is continuing to force listed shipping companies to pursue reverse stock splits, with NewLead Holdings now joining the queue
GL pushes LNG fuel CLASSIFICATION society GL today forecast that ship efficiency and LNG fuels will be two major areas for maritime research in the current decade
Orders spark STX OSV share jump SINGAPORE-listed Norwegian shipbuilder STX OSV's shares rose when trading opened today, after new orders surprised analysts who thought that slowing economic growth would harm its business
Arms shipment seized CUSTOMS agents in the Philippines have seized a box loaded with ammunition at Cebu's port
Norwegian Car Carriers suffers impairment loss NOCC TODAY said impairment losses on two shortsea vessels have dragged it to deep overall losses for 3Q2011
DFDS picking up SeaFrance passengers DFDS HAS is today adding a fourth ferry to its Dover/Dunkirk line to handle extra traffic caused by the freezing of SeaFrance's Dover/Calais sailings
Höegh LNG drops to losses A SHARP increase in net expenses dropped Höegh LNG into $2M in net losses in 3Q11, from $0.1M in profits in last year's period
Tight tonnage sends Suezmaxes up SPOT RATES for Suezmax tankers are rising because of a tighter supply of tonnage, shipbroker and analyst sources said today
Seadrill bullish despite derivatives loss SEADRILL said today market conditions are now favourable in all its segments, but its 3Q11 interims were hit by a loss on the financial derivatives market
OPDR upgrades box fleet EUROPE'S shortsea carrier OPDR said today it will add 1,500 new boxes to its equipment fleet over coming months
RG files for bankruptcy RG LINE, a Finnish company that operated ferries linking Vaasa in Finland with Umea in Sweden, has filed for bankruptcy protection
Second Newcastle coal terminal proposed HUNTER Ports of Australia has proposed the development of a A$2.5Bn ($2.49Bn) coal terminal at Newcastle
Oz shipping slams Botany management SHIPPING Australia has criticised Patrick for renewing handling restrictions at its Port Botany terminal because of congestion
Tight regulations a threat? TIGHT regulations would pose the biggest threat to the trading of physical freight contracts next year, a drybulk conference has heard
Ocean Carriers Face Prolonged Slump, Alphaliner Says Alphaliner expects most container shipping lines to lose more money in the fourth quarter than they did in the third...
Global Ship Lease Gets Loan Waiver Extension Global Ship Lease said its bankers agreed to waive for a further year a requirement that the container ship-owner's loans...
Damco Names Frost Europe CEO Damco, the consolidated logistics brand of the A. P. Moller-Maersk group, named Flemming Frost as its new CEO for Europe....
House, Truckers Seek to Block HOS Change Trucking companies urged Congress on Wednesday to block proposed changes to truck driver work hours, arguing tighter restrictions would backfire...
Hanjin Boosts Asia-Europe Rates Hanjin Shipping joined other carriers trying to boost pricing on the deeply troubled Asia-Europe lanes on Wednesday, announcing it will...
Container Leasing Industry Regains Market Share, Study Says The global container leasing industry regained market share last year and in the first half of 2011 that it had...
Trans-Pacific Rates Hit 23-Month Low Spot freight rates for shipping a 40-foot container across the Pacific during the last week fell to the lowest level...
Executive Says Asian Disasters Won't Spur Supply Chain Shakeup Auto giants won't make wholesale changes to their supply chains despite natural disasters in Asia causing global reprucussions on output,...
Emirates Shipping Sets Congestion Fees at African Ports Emirates Shipping Line is imposing port congestion surcharges on all inbound containers handled at Mombasa, Kenya, and Dar es Salaam,...
Merchandise trade growth stalls in most major economies in Q3 11 In an ominous sign of worst things to come for ocean carriers, merchandise trade growth slowed strongly in most major economies in the third quarter of 2011 compared ...
Horizon settles with Puerto Rico shippers US Jones Act carrier Horizon Lines has entered into a settlement agreement with all of the remaining significant shippers who opted out of the Puerto Rico direct ...
Rena: box removal halted by swell A heavy sea swell off the North Island, New Zealand, Bay of Plenty shore put a stop to discharging containers from the stricken boxship Rena today; the salvors ...
New transpac slot exchange to enhance on-time integrity Maersk Line and the Grand Alliance (GA) have announced a slot exchange agreement which will see Denmark-headquartered Maersk Line take slots on the Laem Chabang-Los ...
UK public sector strike to hit ports and airports Said to be the 'biggest walkout for three generations' a 24-hour strike by two million UK public sector workers has closed 90% of schools, and could ...
Carriers get serious about increasing rates in Asia/Europe tradelane It has been confirmed that Coscon, K Line, Yang Ming and Hanjin will stop their NE4 service between Asia and Northern Europe at the beginning of December. The service ...
COP-17: shipping not a 'cash cow' That was the message that the International Chamber of Shipping [ICS] argued, yesterday in the lobby of the UN climate change conference COP-17 summit in Durban, ...
China and India will drive growth According to new research by professional services network and UK 'big-four' accountants Ernst & Young [in co-operation with Oxford Economics], by 2020, ...
Scorpio strikes Emanuele Lauro-led tanker owner plots public offering in anticipation of another product carrier order.
Shareholders target DryShips George Economou's US-listed shipping empire under attack in the US amid allegations of dirty dealings and dilutive offerings.
World Fuel hunts U-Ming US Marshals race to seize Taiwanese bulker as US-listed bunker giant attempts to claw back overdue bill.
MJLF broker eyes NEWL seat US-listed owner's stock sinks 18% as shareholders prepare to vote on election and stock split amid talk of ship sales.
DB spots container recovery CSCL, Hanjin and OOIL are poised to profit as 'discipline' may cure rocky rates and painful price war, analysts say.
U-Sea Bulk to delist Owner plans full takeover of Nasdaq OMX-listed owner by the end of the year as part of merger with Ultrabulk.
Otto pens new alliance Singapore-listed shipbuilder and owner splashes cash on joint venture with Limin Marine.
GSL gets loans breather Lenders back shipowner by agreeing to push back loan-to-value test.
ISL closes in on two Dubai-based International Shipping and Logistics, part owned by Tata Steel and Japan's NYK, lining up a pair of bulkers.
ICS in talking mood International Chamber of Shipping wants in on the emissions debate as long as IMO is there.
Minoan stays negative Troubled Greek economy and higher fuel costs put paid to ferry line's profit.
Damen secures seismic pair Dutch yard group bags contract for research and support vessels from domestic owner Groen.
HUBLine seeks funds Kuala Lumpur-listed shipowner looks to shore up balance sheet with fundraiser amidst losses.
Jinhai lands bulker double Chinese shipyard books 64,000-dwt supramax with option for another from Greek owner.
ICS, OxFam, WWF seek mandate for IMO on ship CO2 Groups join to lobby the UN Climate Change Conference in Durban, South Africa (COP 17) to get the International Maritime Organization clear guidance in area of shipping emissions.
Horizon reaches $13.75 million settlement Horizon Lines announced Tuesday it had reached a $13.75 million settlement with the remainining shippers who opted out of a class action settlement it and other liner companies to Puerto Rico had entered into in 2009.
Oil climbs on boosted European liquidity Futures climbed as central banks of US, euro region, Canada, the UK, Japan and Switzerland cut the cost of emergency funding for European banks.
Ecology approves oil spill readiness plan Plan enrolls nearly all large cargo and passenger ships, commercial fish-processing vessels and oil tankers, as well as some fuel barges.
Fujairah IFO prices continue to climb Demand now mostly for 3.50% sulphur IFO in the Middle Eastern hub and 4.50% sulphur product offered at a small discount.
Minoan Lines hit by high fuel prices and economic turmoil Bunker costs up by 18% year-on-year.
Bunker prices climbing in 'quiet' European markets Strike could disrupt Piraeus operations.
High-viscosity fuel oil offers 'linked to sulphur cap' Traders say refiner appears 'not deem it worthwhile' to blend high viscosity parcels to new sulphur specs.
Aegean starts operations at strategic location Company told Bunkerworld conference in May that new anchorage will offer 'an excellent alternative' to Gibraltar and Algeciras.
Party leaders fail to support bunker plans Opponents of plans to open Gibraltar's Eastern Anchorage to bunker operations sense victory.
Mid-week bunker prices firming across Asian hubs Demand slack across major Asian bunker ports on Wednesday.
Fuel cell technology needs 'further development' 'A number of non-trivial technological and regulatory barriers' need to be overcome, says Pike Research.
DNV: Thousands of LNG-fuelled ships to be on order by 2020 'Years of innovation and concept development are leading to real change.'
Brightoil to boost operations in 2012 Supplier plans to add 10 bunker tankers of 6,8000 dwt to its fleet.
Australian supplier 'guarantees' compliance with new sulphur limit Average sulphur content of its fuel over the past 12 months has been around 2.50%, says IBS.
Cost the 'main challenge' towards greener shipping When environmental efforts come at a cost, there is a need to review how to 'best share the bill,' says Maersk Line executive.
Another law firm to investigate Andatee Andatee CEO buyout proposal comes under greater scrutiny.
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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