Baltic Dry Index falls for 4th day The Baltic Dry Index, a measure of commodity-shipping costs, fell for a fourth day as holidays in China slowed bookings to hire capesize vessels that haul iron ore and coal.
Indian PM seeks 'control' on maritime piracy India's prime minister on Saturday said piracy was threatening 'a large number of Indian seafarers' and warned that the domestic shipping industry's growth depended on stepped-up maritime security.
Dry-cargo ship delivery just 50% of planned level Shipyards delivered about 50 per cent of the dry-bulk vessels planned over the past three quarters, according to D/S Norden A/S, Europe's largest publicly traded commodities shipping company.
Air Namibia increases intra-African service frequencies Starting tomorrow, Air Namibia, the African country's national carrier, is increasing its services from Windhoek to South Africa (Johannesburg and Cape Town) from two to three dail...
City of Lahr plans to buy airport The southwest German city of Lahr wants to buy the airstrip located outside the town from the federal administration and lease it to an airport operator. The Black Forest Airport, ...
Louis Dreyfus Armateur's Montoir-Gijon route beats expectations The French shipping group Louis Dreyfus transported nearly 14,000 trucks between Montoir and Gijon between September 2010 and the end of August 2011. This is 75% more than expected...
Howe Robinson Container Index decreasing The Howe Robinson Container Index (HRCI) decreased by 18 points or 3% from 692 points for the week ending Friday, 9 September, to 674.4 points for the week ending Friday, 23 Septe...
Avianca becomes first A330-200F customer in Latin America Colombia's Avianca, part of the AviancaTaca Holdings airline group, has signed an order for four Airbus A330-200 freighter aircraft. The new aircraft will be operated by Avianca's ...
CFR Marfa to be privatised The Supreme National Defence Council (CSAT), the Romanian authority that unites the Romanian president, prime minister, and the heads of the economy, finance, security and defence ...
DB Schenker starts rail transports from Leipzig to China DB Schenker Rail Automotive, Deutsche Bahn's specialist for automotive rail freight transport, is overseeing car part transports from Leipzig to Shenyang in north-eastern China on ...
Diederick de Vroet to oversee global DB seafreight As of 1 October, Diederick de Vroet will start his activities as head of the global sea freight activities of DB Schenker Logistics. As head of global ocean freight at Schenker's h...
Professional handling for two heavyweights The Linde Group technology company has used Bayernhafen Passau-Schalding to load plant parts onto a barge for the first time. The two 85 or 145 t cold boxes, consisting of plate he...
Dachser strengthens its presence in Norway Dachser, Germany's global logistics services provider, is expanding its presence in Norway with a new branch in Oslo. The new branch will be located south of the Oslo metropolitan ...
Panalpina opens Jaipur branch in India Switzerland's Basel-based Panalpina forwarding and logistics corporate group is further expanding into north India by opening an office in Jaipur, Rajasthan. Rajasthan state and in...
Etihad Crystal Cargo: partnership with WCA Etihad Crystal Cargo has signed a memorandum of understanding to be the first cargo airline to act as a vendor within the WCA Family network, the world's biggest group of independe...
Suezmax owners resist falling West Africa rates Freight rates have remained steady for the past week on increased cargo inquiry
Actuarial figures limit flexibility over hull and machinery rates Insurers should invest in shipping know-how to become more competitive argue brokers
Insurance pressure raises risk awareness Owners have raised their game when it comes to piracy, but the situation is still evolving
What do you mean by the word 'ship'? The International Union of Marine Insurers has called for a new definition of what constitutes a ship
Grimaldi calls for mandatory scrapping Demolition of older tonnage could help lift the market, but casualties are inevitable, argues Italian owner
Small players are being priced out of the market Brussels' environmental focus on shipping is a kind of interference, but owners have to adapt
Tsavliris elected president of ISU Vice-president of International Salvage Union takes the top post
Teekay shores up struggling Sevan Marine Deal includes taking control of three FPSO projects with possibility of more
Capesize rates ease ahead of Chinese holiday Rates dip slightly ahead of week long Chinese break but no dramatic decline foreseen
Mediterranean clouds hold a silver lining Optimistic market study suggests that when the present economic gloom has lifted, there will be wide scope for expansion
Felixstowe ready to receive Maersk's 18,000 teu giants Formal opening of deepwater berths marks first stage of $1.6bn investment programme
MGT slashes dwell time for containers switching to rail Montreal Gateway Terminals' Cast and Racine facilities shift boxes within 72 hours instead of eight days
Odfjell family companies buy shares in Odfjell SE Move is seen as a sign that family thinks the company is attractively priced
South America props up Atlantic MR tanker market Brazil's demand for oil products reduces vessel glut in Atlantic
Dry bulk charterers shift Indian Ocean trade patterns to avoid piracy East coast of India preferred position of ships booked for trips to load coal in South Africa
SCFI falls to 2011-low Box freight rates continue to slide, with uncertainty restricting liquidity in futures trades
The triangulators Greek VLCC owners have good reason to adopt a three-leg strategy, but it has its risks
Spanish guns Civilian vessels do have the right to self-defence, but it must be proportionate to the threat at hand
Spain to permit heavy-calibre machineguns for defence against pirates Private security experts say using such powerful weapons is inappropriate to the level of threat
Widdows exits NOL early as Ng steps up Citing immediate need for long range decisions, APL owner speeds succession
Norway urged to inspect Hurtigruten ferries after Nordlys fatality Richard With and Kong Harald could have same fatal flaws, says lobby group
CLdN adds Cork to new Dublin-Europe weekly service Move follows upturn in Irish export market
Tanker price decline comes into focus as product tanker options lapse Scorpio Tankers pass on LR1 pair at $45m each in busy year of expansion
MOL cuts profits forecast Shipping group blames tough shipping market and losses on stock market investments
North P&I to vet armed guards Club sees a conflict of interest in security industry policing itself
ITF urges Brussels to inspect Filipino crews at EU ports Union is concerned by Emsa reports on poor quality of training in the Philippines
Bluewind and Swire to admit bunker spill charges Case arises from March 2009 incident involving boxship Pacific Adventurer
Nam Cheong wins $52m orders for offshore support vessels Contracts call for two platform supply vessels and one anchor handling tug
Bumi Armada wins Apache FPSO contract Malaysian offshore service provider seals a four-year charter worth $460m
VLCC owners mull lay-ups VLCC owners remain at "the mercy of charterers", as both spot fixtures and FFAs indicate further softening of an already very weak market, broker and shipping analysts said
Scorpio seals financing NYSE-LISTED Scorpio Tankers has secured a new $92M credit facility from Credit Agricole and SEB, despite an extremely tight ship-finance market
MOL now predicts losses JAPAN'S shipping leader MOL told Fairplay today it expects losses of ¥17Bn ($221M) for the first half, reversing its previous prediction of ¥1Bn in profits
LA tests scrub-a-dub-dub LOS ANGELES will plans to begin a $1.8M testing scheme for a scrubber system with the potential of cutting ship emissions by 85%
Novorossiysk profits leap RUSSIA'S principal Black Sea port of Novorossiysk posted 1H11 net profits of $222M on revenues of $494.1M, its first results since its recent acquisition of Primorsk, Russia's major oil export terminal
Vostochny stake auctioned LITTLE-known company Tansi has won an auction for a government-owned 20% stake in Vostochny's port, Russia's main Pacific export coal outlet, IHS McCloskey reported today
Libya sells first crude to US oil group VITOL HAS sold a 381,000-barrel cargo of Sarir and Messla crude to ConocoPhillips, IHS World Markets Energy reported today
BBC forms heavy-lift support unit GERMAN breakbulk and project carrier BBC Chartering has formed a global project division to support its growing heavy-lift fleet
At least eight killed in ro-pax stampede SEARCHERS are today reportedly seeking a ninth victim thought to have jumped overboard when a ferry fire sparked a deadly passenger stampede
Sale-leaseback option to aid Green Reefers GREEN Reefers said it has put six ships into a sale-leaseback deal that a will realise it a cash injection of $12M and net $2M in profits
West's jails? Big deal A NATO leader has told shipping executives that "comfortable" European prisons are no deterrent to Somali pirates
Pirates to release bulker SOMALI pirates are reportedly about to release the Panama-flagged bulker Dover after a ransom was paid
Capesize rates soften CAPESIZE bulker rates are softening in line with a 37-point drop in the BCI
VLCCs sink to new '11 low VLCC SPOT rates have sunk to new year-to-date lows, as sluggish demand and the glut of tankers mean owners cannot cover voyage costs
Ports opened to wheat exporters AUSTRALIA'S competition watchdog has approved new rules aimed at opening up port access for wheat exporters in three states
US Heading Into Recession, ECRI Warns The U.S. is headed into new recession, Lakshman Achuthan of the Economic Cycle Research Institute, a forecasting firm known for...
MOL Slashes Financial Forecast Mitsui O.S.K. Lines, hitting the headwinds that are sending many of the world's shipping lines into the red, dramatically lowered...
Exports Propel Container Gains at Tacoma A 16.4 percent jump in exports spurred a 7.3 percent increase in loaded international container volume at the Port of...
MSC Sets U.S.-Asia Rate Hike Mediterranean Shipping Co., the world's second-largest container shipping carrier by fleet capacity, will raise rates from the United States to...
Pacific Carriers Plan Targeted Export Rate Hikes The Westbound Transpacific Stabilization Agreement said its member carriers plan to implement targeted rate increases on export commodities Nov. 1....
CSAV Sailing Rough Seas CSAV is living an extreme version of container shipping's recent ups and downs. The Chilean carrier underwent a financial rescue...
Infrastructure and Investment The echo chamber of infrastructure advocacy debate opened up a bit last month, and it's important that the businesses in...
Taxing Whose Containers? One could toil away for years in the shipping industry without hearing more than a few passing references to the...
Driver Turnover Hits 79 Percent at Large Carriers Truck drivers are leaving large truckload carriers for other employers at a faster pace, but smaller competitors are keeping more...
Remains of the Dray Q: We're a motor carrier, and recently subbed out a load to another carrier. The shipment was of snack-type foods...
Japan's Sendai Port Resumes International Container Services International container services partially resumed Friday at Japan's Port of Sendai, the largest port in the northeastern Japanese region that...
Ace Hardware Taps Virginia for Import DC Ace Hardware will invest $14 million in an import re-distribution center for the East Coast near Virginia's Port of Norfolk....
Widdows Leaves Top NOL Post Early Ron Widdows, a prominent leader in the global container industry, is leaving his position as group president and CEO of...
Shippers Urge Congress to Block Driver Rule Change The battle over proposed changes to truck driver hours of service escalated on Capitol Hill this week as a group...
Street waits to judge TK raid Numerous "financial blanks" makes Sevan Marine rescue mission difficult to dissect, analyst says.
STNG earns top marks Evercore analyst expects clarity from $92m credit facility to be a positive catalyst for shares of US-listed product tanker owner.
Star reefer spills oil US authorities say Nelson Star lost 150 gallons at dock in Unalaska, Alaska.
SBM empire expands FPSO specialist forges alliance with Synergy Group in a bid to cash in on Brazilian offshore boom.
BBC sprouts new wing German specialist announces a special projects division utilising 800 tonne heavy lift ships.
Norden notes dry hope With half of newbuildings missing the mark in the third quarter Danish owner sees a ray of light for bulker market.
Owners sign up guards Norwegian and German shipping companies welcome GreySide Group security personnel on board.
Swire to plead guilty Owners of Pacific Adventurer admit discharging oil following 2009 accident in Australia.
The merit of being boring Unappreciated ship managers, self respect at sea and crossing the line from insurance to gambling.
Capital leaves 20th century Shipowner and Olympiakos chief Evangelos Marinakis brings his fleet into the 21st Century.
Scorpio fills funding gap Shares of Emanuele Lauro-led product tanker owner surge as it pens $92m credit pact while overhauling covenants.
WTSA seeks rate increases on commodity basis Member lines of the Westbound Transpacific Stabilization Agreement (WTSA) said they plan to implement rate increases from Nov. 1 based on specific commodity types "as freight rates for many major commodity categories have approached unsustainable ...
NOL accelerates leadership change The NOL Group, parent company of APL and APL Logistics, said Friday it has completed the transition to a new chief executive officer three months early, with Ng Yat Chung taking the helm of the company from Oct. 1. Ng has served as an NOL executiv...
Evergreen switches Asia-Oceania loops Evergreen Line has joined an Asia-Oceania service currently operated by Japan's Big 3 lines, and has left a multi-operator service on the same trade, according to the Taiwan-based line's forward schedules. Evergreen will join as a vessel operator ...
Hanjin/COSCO suspend 2 transpac loops Member lines within the CKYH Alliance are due to suspend two transpacific services over the next quarter, one of the lines confirmed to American Shipper this week. The two services, the multi-operator CLX service and the CKYH-operated SJX service, ...
FedEx opens Chicago area facility FedEx Ground, the small-package ground unit of FedEx Corp., opened a new sorting and delivery station that is the fifth major facility for the company in the Chicago area. The 214,000-square-foot facility is located in Grayslake, Ill., and joins f...
Schipol boosts China connection Amsterdam Airport Schiphol in the Netherlands has strengthened its freighter connections with China and Hong Kong, following the start of China Southern Airlines' twice weekly Boeing 777 all-cargo services to Chongqing. Chongqing is a hub for compu...
U.S. trucking, economic data show improvement The U.S. economy grew at 1.3 percent instead of the previously reported 1 percent during the second quarter, according to a revised report from the Department of Commerce.The change resulted from the availability of more complete data than at the ...
Truckload carriers lose drivers at 79% clip The turnover rate for over-the-road truck drivers rose to 79 percent in the second quarter, according to the American Trucking Associations' latest Trucking Activity Report, marking the third quarter in a row of increased churn in the driver marke...
Bunker markets end week with mixed prices Crude futures fell at its lowest since September, 2010.
Tankers successfully traverse the Arctic's Northeast Passage The approximately 6,250 nautical miles covered by the Stena Poseidon and Palva from Murmansk to the Pacific took around 20 days at a speed of 13 knots.
Trafigura transaction 'important first step' Value of deal has not been disclosed.
Fujairah IFO prices steady but spreads wide Durban still without spot quotes.
Rotterdam prices at month-low Incoming cargoes and soft crude help push prices down in Europe's leading bunkering hub.
Shipping should cut GHG emissions ahead of regulation 'Preemptive mitigation will be much cheaper than an emergency rebuilding response,' says EC official.
ECA could heighten risk to whales Californian marine sanctuary could see an increase in traffic.
Shipping companies to plead guilty over bunker spill Charges against ship's captain, however, are dropped.
Spending of lube oils is falling Slow steaming and advances in engine design are cutting consumption.
Bunker prices mostly falling as week ends Supplies generally good at major Asian bunker ports.
German giants merge: Mabanaft to acquire Bominflot Acquisition to create the world's fifth largest bunkering group, says Mabanaft.
Owner of Davy Crockett indicted by US authorities Vessel abandoned by scrap dealer after failed operation to salvage metal from barge.
Singapore bunker market relatively unaffected by refinery fire Sufficient reserve stocks available from other major suppliers, players say.
Peruvian firm launches bunker supplies in Callao Operations to be supported by double-hull bunker tanker MV Tramax.
Sinopec Zhoushan September sales volumes down Buyers 'hoping' bunker prices will go down further in October, says company source.
Bunkering ops partially resume in Hong Kong Bunker deliveries limited to the inside harbour due to still 'very windy' conditions at outer anchorage.
Credit agencies 'influence' bunker industry Having relationships with all players important in the current economic environment, says Chemoil CEO.
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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