Baltic sea index rises on modest cargo demand The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose for a fourth session on Wednesday as modest cargo activity boosted sentiment. The index rose 1.51 per cent, or 19 points, to 1,281 points.
Asia Pacific airlines grew strongly in January The Kuala Lumpur (Malaysia)-based Association of Asia Pacific Airlines (AAPA), the trade association for scheduled international airlines headquartered in the Asia-Pacific region,&...
USA: Northwest Ohio Terminal goes into service The National Gateway, a US organisation, has announced the start of operations at the new Northwest Ohio Terminal, the cornerstone of a new double-stack freight rail corridor betwe...
Metrans boosts transport volumes The Czech intermodal rail-road transportation service provider Metrans boosted its transport performance to around 1.26 million teu in 2010, a 36% increase compared to 2009. The hi...
India: no hike in freight rates India's railway budget for 2011-2012 does not propose an increase in freight rates. The budget, with the highest-ever outlay of about EUR 926.2 million (Rs 57,630 crores), has earm...
Damco reports higher revenue and profit Damco, the A.P. Moller - Maersk Group's logistics arm, has announced improved annual results compared to 2009. On the back of soaring volumes in air cargo and sea freight volumes, ...
Night Star Express Honold doubling capacity in Stuttgart region Night Star Express Honold GmbH, a subsidiary of the Honold Logistik Group Neu-Ulm and a specialist for overnight express services, is moving to a new logistics centre in the S...
Transmec opens new warehouse in Campogalliano (Modena) The Transmec Group, a Campogalliano (Modena)-based Italian transport and logistics provider, has opened a new warehouse at its headquarters. The new 20,000 sqm warehouse is lo...
Germany: toll statistics reveal recovery in transport demand Germany's federal office for freight traffic (Bundesamtes f'r G'terverkehr/ BAG) has published its toll statistics for 2010. The figures show that trucks of 12 t and over travelled...
Greece to introduce electronic toll collection system The Greek ministry of infrastructure and transport is planning to introduce an electronic toll collection system that can be used on all the country's motorways, as well as within ...
TAM places orders with Boeing and Airbus The Brazilian carrier TAM has signed a declaration of intent with the European aircraft manufacturer Airbus. The pact pertains to a major order for 42 aircraft in the A32...
Aer Lingus boosts cargo business The Irish carrier Aer Lingus reported that its total cargo revenue increased by 20.4% to EUR 41.3 million in 2010 (2009: EUR 34.3 million) driven by an increase in tonnage, wi...
New bulker to be first ship to use silicon anti-fouling paint The Japanese shipping company Mitsui O.S.K. Lines (MOL) recently said that that a 38,000 dwt bulker that it is having built at the Minaminippon Shipbuilding's Shitanoe Works (...
Port of Felixstowe achieves environmental and safety certification The port of Felixstowe, the UK's leading container port, was recognised as compliant with the OHSAS 18001 health and safety standards and the ISO 14001 environmental management sys...
Charleston adds new port terminal for vehicles The port of Charleston SC (USA) has expanded to handle BMW's growing export business, along with other rolling stock, large machinery, power-generating equipment and additional non...
Jeffrey Johnson new president for Boeing Middle East The US aerospace giant Boeing has named Jeffrey Johnson as president of Boeing Middle East. Johnson succeeds Paul Kinscherff, who has been appointed chief financial officer for int...
Oil price rises pose threat to tanker freight rates Breaching of $105 per barrel level will cause fall in demand, say analysts
Product rate soars on Libya fears Brokers say Middle East turmoil could have made oil traders book tankers earlier than expected
Higher freight rates give BDI a lift The Baltic Dry Index today rose the most in three weeks , by 36 points to 1,317, buoyed by higher freight rates for panamax and capesize bulk carriers
Europe-Asia rates war looms as lines undercut rivals Forwarders say carriers are starting to slash rates in a desperate effort to fill up tonnage
Sete Brasil takes its inspiration from oil asset plays Holding company to consider an initial public offering once revenues from Petrobras charters begin flowing in
Transocean takes hit on jack-up rigs Drilling company takes impairment charge of $1bn on a fleet of jack-ups acquired in 2007 acquisition of Global SantaFe
US deepwater drilling resumes Fresh start as US regulators issue first permit for drilling since official end of moratorium in late October 2010
Big drillers eye riches of Petrobras' Brazil finds Chartered-in units to bridge gap until 2015 ' when Petrobras' first drillships come online ' as production is ramped up after new pre-salt discoveries in the Santos Basin
Counting the cost of Korea Line charterparty exposure EXCLUSIVE: Lloyd's List reveals how many of shipping's biggest names have turned up on the lists of creditors with vessels on charter to the South Korean carrier
Tui set to offload Hapag-Lloyd shares ahead of line's IPO Tui will sell 11.33% of its Hapag-Lloyd shares to the Albert Ballin consortium
Infrastructure India aims to boost logistics network Looks grow logistics presence in India
New creditor secures writ against Blue Emerald Spot Shipping gets Rule B attachment against Korea Line tanker
Criticism of Turkish maritime training standards was unjustified Turkey realises that any training programme provided must ensure that quality is not compromised
Spills are drying up Tanker oil spills are far less likely than ever before and that can only be a good thing
Time to come clean on shipbreaking The NGO Shipbreaking Platform has taken exception to the industry's perceived refusal to accept that clean, green shipping scrapping is practical and pre-cleaning is necessary. Lloyd's List has today opened up its opinion page to allow it to explain why
Global Port Holding seeks $200m from IPO Proceeds from Istanbul listing will fund growth in its ports business
Stolberg to exit in Beluga shake-up Founder Niels Stolberg to leave as heavylift operator set to go through major restructuring
Cycle goes fast forward Is the freight rate cycle about to complete a full revolution and hit the dark lows of 2009?
Grand China pays up to prevent capesize claim Chinese shipping group forks out more than $1.25m in charter arrears for 2009-built bulk carrier
Horizon Lines crashes to $53m loss Unveils fourth quarter loss as it aims to secure refinancing package by second or third quarter of 2011
Steep fall seen in tanker oil spills Latest ITOPF data shows how sector has improved its safety records
Box volumes up 15% at Valencia Strong growth in 2010 sees Spanish box port exceed 4m teu mark five years ahead of schedule
Eagle Bulk Asia move softens Korea Line charter losses Dry bulk company able to quickly re-deploy ships at rates better than prevailing spot market
Turnover soars 28% at Belgium's Deme London Gateway contract and North Sea windfarm projects helped dredging group post revenue of $2.5bn
HSH Nordbank likely to offload Hapag-Lloyd stake Sources reveal German bank would wait until after an initial public offering by the line
Korea Line gets UK shield KOREA Line has won protection against lawsuits in the UK, DLA Piper lawyer Carsten Grau told Fairplay today
Mombasa sell-off ditched KENYA has reportedly scrapped plans to privatise the country's leading port of Mombasa
India plans $1.1Bn port-aid office INDIA is reportedly planning a government-owned company to help raise funds for ports, as part of its decade-long scheme to triple port capacity
Spain targets pollution SPAIN'S maritime agency DGMM today announced a €1.7Bn ($2.37Bn), eight-year plan aimed at cutting pollution caused by both vessels and shore-based facilities
Fixing settlement hits Horizon's results EMBATTLED box carrier Horizon Lines reported huge quarterly losses today, driven by its criminal fine for price-fixing
Libya keeps it flowing LIBYA'S revolt has so far had little effect on independent tanker owners and operators, Fairplay was told today
Eagle redeploys KL ships NASDAQ-listed Eagle Bulk confirmed today that all of its bulkers chartered to Korea Line have been shifted into the spot market
Oz fines owner for damage to Great Barrier Reef THE OWNER of an unseaworthy ship that ploughed into Queensland's Great Barrier Reef has reportedly been fined A$20,000 ($20,263)
Glowing plans for new class of Russian factory ship RUSSIA'S first floating nuclear reactor has been put on the water, but orders for two more still await Kremlin approval, Fairplay was told today
Spain fines another owner over spill SPAIN today continued its crackdown on suspected sea polluters by ordering the captain of an Egyptian-flagged ro-ro to pay a €100,000 ($138,680), pre-trial fine
FFAs extend gains DRYBULK FFAs extended gains this morning after a couple of days when they had already been on firmer ground, shipping analysts said
Queensland coal output cut by floods FEBRUARY figures from the Queensland coal industry showed today that sodden mines have been operating at only two-thirds the output of the same month last year
Minister 'relied entirely' on Ashika advice FORMER Tongan transport minister Paul Karalus has told a court that he had no reason to be concerned about the condition of ferry Princess Ashika
Cyclone costs revealed at Port Hedland PORT Hedland said it exported less iron ore to China in January then in either December 2010 or January 2010
Maersk cuts ties with Oz labour provider MAERSK has severed ties with a Hong Kong labour provider amid allegations of workers being mistreated on offshore oil and gas projects. Maersk cuts ties with Oz labour provider
STB Rejects BNSF's Coal Dust Plan as Too Cloudy The Surface Transportation Board ruled that BNSF Railway's method for limiting a shipper's coal dust dispersion on its tracks was...
Senate Panel Votes to End Rail's Antitrust Exemption The Senate Judiciary Committee voted 14-1 to approve the Railroad Antitrust Enforcement Act, the latest effort by Sen. Herb Kohl,...
UPS to Pay $1.3 Million Fine in Truck Inspection Case UPS agreed to pay a $1.3 million fine and to hire independent inspectors for its trucks in New York in...
Business Groups Applaud U.S.-Mexican Trucking Pact Business interests hailed a U.S.-Mexico agreement on cross-border trucking that is sure to be opposed by organized labor, independent truckers...
US, Mexico Announce Trucking Deal The U.S. and Mexico reached a preliminary agreement on resolving a cross-border trucking dispute that led to $2.4 billion in...
Chain-Store Sales Increased 4.2 Percent in February Large retailers reported higher-than-expected sales increases in February, a sign that consumers remain optimistic despite rising gas prices and continued...
Port of NY-NJ Containers Jumped 16 Percent in 2010 Total container volume moving through the Port of New York and New Jersey climbed 16 percent in 2010, reaching 5,292,020...
TUI Sells Hapag-Lloyd Stake, Plans IPO TUI, the German tour operator that owns almost half of Hapag-Lloyd, sold part of its stake to the container line's...
NYK Line Names Payne North American President NYK Line (North America) named William F. Payne as its new president on Thursday. Payne, who joined NYK Line...
Angola Releases U.S.-Flag Maersk Ship Angolan authorities released a U.S.-flag vessel operated by Maersk Line Limited. The government had detained the ship Wednesday to investigate...
Horizon Lost $46.4 Million in Fourth Quarter Horizon Lines reported a fourth quarter net loss from continuing operations of $46.4 million, including a $30 million charge covering...
AMB Property, Allianz Form Joint Venture AMB Property, the U.S.-based industrial real estate group, and Germany's Allianz Real Estate formed a $648 million joint venture to...
AAR's Hamberger on Regulation, Rail's Value to Economy Edward R. Hamberger, president and CEO of the Association of American Railroads, opposes potential action by the Surface Transportation Board...
Beluga Shipping Announces Restructuring Beluga Shipping will undertake a "comprehensive" financial restructuring, the Germany heavy-lift and project cargo carrier announced March 3. ...
Expeditors' Rose Wouldn't Sell to Buffett Peter J. Rose, chairman and CEO of Expeditors International of Washington, derided a published report that the forwarder would be...
Trailer Bridge Hires New Puerto Rico Chief Trailer Bridge named Roberto Lugo to the newly created position of general manager for Puerto Rico marketing, sales, and administration. ...
Hanjin to Raise Asia-Europe, Trans-Atlantic Rates Hanjin Shipping will increase its freight rates on the Asia-Europe and trans-Atlantic trades as of April 1. The South...
Lufthansa Cargo Expands Freighter Network Lufthansa Cargo is significantly expanding its freighter network with the launch of new services to China, the U.S., Spain, India...
Baucus visits South American port Senate Finance Committee Chairman Max Baucus, who supports ratification of a free trade agreement negotiated several years ago with Colombia, visited the Port of Cartagena Feb. 27 to learn how customs procedures and counternarcotics efforts coexist...
USDA reviews amended Lacey Act implementation The U.S. Department of Agriculture's Animal and Plant Health Inspection Service said it will review the impact of new import declaration requirements related to the Lacey Act, as amended by the 2008 Food, Conservation and Energy Act. The amended L...
Rising oil price dents IATA profit forecast The International Air Transport Association on Wednesday downgraded its 2011 profit outlook for the airline industry to $8.6 billion, from the $9.1 billion it estimated in December, due to the toll higher oil prices might take on the business. 'Po...
NYK joins CMA CGM India/Europe loop NYK Line said Thursday it will in April join a CMA CGM-operated service between the Indian Subcontinent and Europe. According to service details provided by the Japanese line, CMA CGM's EPIC loop will also undergo a rotation change. The service, ac...
Hanjin hikes Asia/Europe, transatlantic rates Hanjin Shipping said Thursday it is raising rates on the Asia/Europe and transatlantic trades beginning April 1. The Asia/Europe increases are in line with aplan the liner carrier laid out in Decemberto restore rate levels in a series of increases...
COSCO raises Asia/Europe rates COSCO Container Lines said this week it is raising rates on Asia/Europe shipments from April 1. The increase is $300 per TEU and is applicable from all parts of Asia to all parts of Europe. COSCO's partner on the CKYH Alliance,Hanjin Shipping, als...
AFL to launch Halifax/New England service American Feeder Lines said it will launch a weekly service between the ports of Halifax, Boston and Portland, Maine. AFL, which has announced ambitious plans to build a fleet of 10 Jones Act ships and offer short sea services on the East and Gulf c...
Less-than-containerload DHL starts Korea/Mexico LCL serviceDHL said Wednesday it is starting weekly direct less-than-containerload services between Busan and Manzanillo, Mexico. Shipco boosts Australia LCL serviceNon-vessel-operating common carrier Shipco Transport has st...
Strategic View
'Asia/Europe' rate increases COSCO raises Asia/Europe rates COSCO Container Lines said this week it is raising rates on Asia/Europe shipments from April 1. Hanjin hikes Asia/Europe, transatlantic ratesHanjin Shipping said Thursday it is raising rates on the Asia/Europe and tra...
Wärtsilä to deliver gas engines to Viking Line newbuilding Wärtsilä will deliver the propulsion machinery for the newbuilding to be built by STX Finland for Viking Line. The vessel will be equipped with four W'rtsil' 8L50DF main engines. The
Norden logs USD 240 million profit ' shares value fell The price on shares in D/S Norden fell more than three per cent yesterday on the Copenhagen Stock Exchange (OMX). Not because of the result that was presented, but
TTS delivers roro equipment to car carriers At the end of last year Wallenius Lines and Wilh.Wilhelmsen ASA agreed with Mitsubishi Heavy Industries (MHI) to build two new pure car and truck carriers (PCTCs), one vessel each
Statoil declares Havila charter options The Norwegian energy company Statoil has extended the charters of Havila's AHTS vessels Havila Mercury and Havila Mars by one year. The agreement includes another one-year option. Statoil has
KPI Bridge Oil appoints bunker trader for Singapore office Kumar is from Singapore and fluent in English and Tamil.
IBIA announces board member changes Two new members elected while two retire.
Fujairah market softens In Cape Town, IFO deliveries available for supply between March 5-17.
Fuel oil stocks fall Singapore inventory slips as arbitrage inflows slow.
IFO prices steady in Rotterdam and Hamburg Demand healthy in Piraeus, despite increasing prices, sources reported.
Plans to upgrade UK terminal Falmouth storage and blending facility needs 'major refurbishment'.
Damaged ship 'should never have left Norway' Godafoss towed to Danish port after 'leaking oil' since leaving Norway.
Wartsila wins LNG contract LNG powered ferry 'will meet and even exceed the most stringent known future IMO and EU environmental regulations.'
Chemoil appoints new Chief Financial Officer Jerry Lorenzo resigns after nearly 14 years with the company.
Bunker prices mixed at major ports Bunker avails 'not an issue' at key Asian ports, traders say.
New regional manager for Middle East and South Africa O.W. Bunker promotes Jesper Jervild.
Wartsila launches 'plug & play' waterjet propulsion system New waterjet designed to achieve 'high levels of fuel efficiency'.
Sinopec Zhoushan to expand bunker operations to Shenzhen Company ready to 'face fierce competition' at the port, says source.
Singapore minister voices support for LNG bunkering Singapore LNG terminal could present 'new business opportunities' such as LNG bunkering, says senior minister.
Bunker prices, freight rates put pressure on box shipping margins A lag in BAF calculations may leave base freight rates at below break-even levels, says analyst.
Marine fuel consultancy firms merge The move gives Brookes Bell 'unequalled bunker and bunker claims expertise,' says company.
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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