Maersk, others seek Asia-US peak-season surcharge AP Moeller-Maersk A/S, owner of the world's biggest container shipping line, and 14 other carriers will seek a peak-season surcharge two months later than previously scheduled amid weaker-than-expected demand.
Thousands of Afghan-bound boxes stuck at Karachi port Nearly 2,500 shipping containers bound for war-ravaged Afghanistan are stuck at Pakistan's Karachi port, officials said on Wednesday, in a wrangle over financial guarantees for the goods as part of a transit trade deal brokered by the United States.
SINSPEC and CCSC sign cooperation deal SINSPEC Marine Services Pte Ltd (SINSPEC) - a container technical services company based in Singapore - has announced the formation of a joint cooperation with the China Classification Society Certification Company (CCSC).
Lehnkering invests in sustainability The European logistics provider Lehnkering, which specialisis in the petrochemical and steel industries, is boosting its green credentials. The company is currently upgrading its f...
JAL Group Subsidiary allots new shares to Mitsubishi Logistics Corporation Japan Airlines Co., Ltd. (JAL), JAL Group subsidiary Jupiter Global Limited (JPT) and Mitsubishi Logistics Corporation (Mitsubishi Logistics) today concluded an agreement to cooper...
LANCO offers Latin America's most modern warehouse LANCO, the Columbian subsidiary of LAN CARGO, is now equipped with the most modern warehouse in the region. At a cost of USD 7 million, the 6,050-sqm facility on the premises of El...
Own trucks at Wolfurt/Austria location IMS Cargo now has its own truck fleet and container chassis in Vorarlberg at the Wolfurt location. The Austrian company can therefore offer local and international container trucki...
Russian Railways invest in rail reconstruction to boost Russia-EU trade In the first half of 2011, Russian Railways invested more than RUB 4.3 billion (about EUR 108.6 million) in the project for the comprehensive reconstruction of the section between ...
Deutsche Post DHL posts higher posts in Q2 2011 Deutsche Post DHL, the post and logistics group, continued its positive performance of the first three months in Q2 2011 and successfully maintained its growth trajectory. Group sa...
TNT Innight establishes new branch near Hamburg TNT Innight, which specialises in night-time express transport in Germany, recently completed a new branch with warehouse space of 4,500 m2 and office space of 1,000 m2 in Glinde n...
Singapore airport enhancing perimeter security Singapore's Changi Airport Group (CAG) and ST Electronics (Satcom & Sensor Systems) Pte Ltd, ST Electronics' wholly owned subsidiary, yesterday announced a collaboration to imp...
DSV Solutions to operate global warehouse for Danone division DSV Solutions in the Netherlands has won a five-year contract to operate a global distribution hub for Nutricia Advanced Medical Nutrition (NAMN), a division of Danone. The new 30,...
IPP Logipal appoints new European Operations Director IPP Logipal, Europe's leading pallet pooling specialist, has appointed Pascale Dagnaud to the new position of European Operations Director as part of the company's continued strate...
GAC USA and Wightman Shipping join forces GAC USA has formed an alliance with Wightman Shipping Co in US. Operating as GAC-Wightman Shipping, the collaboration offers shipping services across North-Eastern and Mid-Atlantic...
CMA CGM Group launches new direct Asia to West Africa service CMA CGM Group recently announced the launch of a new direct service linking Asia to West Africa, which started operating on 3 August 2011. Named WAX II, this new service will be pr...
Evergreen Line to join MOL service between Asia and Southeast Africa Evergreen Line will join Mitsui O.S.K. Lines (MOL) in a slot-charter agreement linking Asia to Southeast Africa. The weekly service, called MZX (Mozambique Zuid Africa Express Serv...
Owners hope for repeat of June chartering spike Product tankers owners will be looking to build on improving rates for long range one vessels
OSG eyes casualties of tanker downturn If today's market fundamentals continue for six to 12 months, many distressed sale opportunities should arise
Rio Tinto charters lifts Pacific capesize earnings Increased chartering activity in the Pacific capesize market boosted earnings for larger bulk carriers
Arntzen decides not to subsidise oil major costs OSG has declined to make offers on Middle East VLCC cargoes at loss-making rates
Scan-Trans seals Canada Feeder Lines alliance with issue of new shares We wanted a heavy commitment and CFL was willing to buy into that, says chief executive
Diana favours individual ship acquisitions to corporate takeovers Chief executive Simeon Palios warns that market bottom has not yet been reached
News in Brief Clarksons, the world's largest shipbroking and services company, has appointed Ronny Kilian as the new managing director of its Australian subsidiary within the group's Melbourne office
Bumi Armada's $890m fundraising shows strength of offshore sectors Vessel operator's appeal to investors stems from having an important role in a favoured region
Vietnamese waters a magnet for foreign operators Bumi Armada and EOC have ordered FPSOs from Keppel for the region
Seaspan and Carlyle in first joint order Hanjin Shipping to charter seven 10,000 teu newbuildings from partners
Petronas to use mobile unit expertise closer to home Small production units reduce lead times for moving from development to production of hydrocarbons
Japan LNG imports surge 10% Japan's spot purchases of LNG hit 33-month high in June
Stena Bulk blasts speculative ordering in LNG sector Order for up to four liquefied natural gas carriers will go ahead only if charter contracts are secured first, says chief executive Ryder
Shipowners keen to jump on board LNG bandwagon But is shipping seeing just another example of the herd instinct that creates swollen orderbooks and dismal rates?
Vessels reactivated from cold lay up as market rides high Few LNG carriers lie idle as day rates soar to more than double that of one year ago
Oiling the wheels of African transport A new Road Traffic Code about to enter into force in Mozambique is set to boost the country's intermodal system
Boom time for Indonesian coal exports Chinese and Indian demand is fuelling strong growth in panamax sailings
Yemen unrest sets alarm bells ringing If Aden fell under control of the wrong hands, there is a serious danger that international shipping could find itself caught in a pincer between Somali pirates and al-Qaeda
DryShips pledges $50m Ocean Rig shares dividend Long-awaited US listing for drilling subsidiary now set for autumn
India's Mundra Port posts 20% rise in net profit in first quarter Container volumes grew 23%, while total growth across the country up only 6%
Panalpina posts 5.2% increase in gross profit in first half But logistics giant predicts absence of peak season and lowers seafreight expectations
The kill Bill Tightening the noose on Iranian shipping may give business to Chinese insurers
New kids in the harbour The rise of a new generation of would-be global players in the ports industry is to be welcomed
Ro-ro deliveries may drag Pacific Basin down further Ro-ro division is $5.3m in the red as two 3,663 lane metre capacity vessels are set to join fleet
Hutchison Port Holdings Trust likely to miss 2011 volume targets Throughput lags in first half of the year but brokers are unconcerned
Keppel wins FPSO conversion from SBM Offshore Work on 1989-built, 265,316 dwt very large crude carrier Concorde Spirit to include topside modules from Dyna-mac, in which Keppel holds a 28% stake
Mitsubishi Heavy Industries orders show modest growth in first quarter Figures do not include latest cruiseships order
Transpacific lines poised to impose peak season levy Surcharges from middle of this month as TSA members say retailers are re-stocking and businesses resuming global sourcing of materials and components
Mitsubishi Heavy Industries thought to be in merger talks with Hitachi Companies deny media reports, but executives from both sides are understood have set up merger preparation committee
Ice loss opens Arctic SEA ICE retreat in Siberia and Eurasia over the past few weeks has opened up much of the Northern Sea Route, according to a US government agency
Pouring cold water on surcharge BOX LINES in the trans-Pacific trade are seeking a peak season surcharge of $400 per feu, but a derivatives broker in the sector told Fairplay today he expects the move to fail
China plans free port BEIJING has approved the construction of a free port near Hong Kong and Macau in Guangdong province, IHS Global Insight reported today
Arctic treaty seen as ineffective, late THE GREEN group Robin des Bois told Fairplay today that an Arctic treaty falls short of protecting the region
BBC braves Pacific slump GERMAN breakbulk and project carrier BBC Chartering said today it has introduced a new trans-Pacific liner service despite challenging markets
Mundra's profits grow 20% MUNDRA'S port complex today reported net profits growth of 20% during its April-June quarter
Israeli planners approve floating LNG terminal ISRAEL'S National Planning Council has approved a scheme for a floating LNG terminal off Hadera, IHS World Markets Energy reported today
Keppel wins FPSO contracts SINGAPORE'S Keppel Shipyard, a subsidiary of the world's biggest rig builder, has secured two FPSO contracts worth S$146M ($120.5M)
Yangzijiang unveils incentives CHINESE shipbuilder Yangzijiang has said it has received 139.5M yuan ($21.67M) this year in tax subsidies and incentives from Jinjiang's and Jiangyin's city governments
UK 'breaching' pollution law MARITIME union Nautilus has accused the UK government of breaching a key pollution agreement by withdrawing its ETVs, Fairplay was told today
IMB, flag states join on welfare THE IMB is hoping a new database on the experiences of seafarers who have been held by pirates will improve their welfare after they're released
Russia targets safety offenders RUSSIAN prosecutors are taking action against hundreds of people after a review of vessel security and navigation safety on the country's waterways
London ferry crewman killed A YOUNG crew member on London's Woolwich ferry has died after falling off the vessel
VLCCs sink to new low VLCC RATES on the benchmark Persian Gulf/Japan route dived to a new-low average of Worldscale 47.5 this week, down from W48.5 last week
Emily diverts cruises HIGH WINDS and rain caused by Tropical Storm Emily have forced Royal Caribbean to cancel port stops and divert a cruise vessel
Con-way Doubles Profit on Strong Pricing Gains Con-way increased its net profit 111 percent to $29.4 million in the second quarter, as the company's revenue increased 3.2...
Prince Rupert Container Traffic Soars 33.1 Percent Canada's Port of Prince Rupert reported loaded container volume soared 33.1 percent in July on Thursday, an unusually strong expansion...
Reid Announces End to FAA Impasse U.S. Senate Majority Leader Harry Reid announced a compromise agreement Thursday to end the partial shutdown of the Federal Aviation...
Analysts, Forwarders Doubt Peak Surcharge Enforcement Lines will be hard-pressed to enforce peak season surcharges from Aug. 15 on Asia-U.S. lanes, said analysts and forwarders based...
Weekly Intermodal Traffic Jumps to New 2011 High North American rail shipments of intermodal containers and trailers threw off a slowdown in the final week of July, rising...
JOC Survey Finds Truckload Capacity Stable Capacity at a group of six large U.S. truckload carriers rose slightly from the first quarter to the second quarter...
Short Line Rail Freight Rises in Final July Week Freight traffic for most North American short lines increased 3.1 percent in the week ending July 30 from a week...
Port Tracker Sees Slowing North Europe Container Trade Total container volumes handled by the six major ports in Northern Europe continue to decline from their March high, largely...
Maersk to Hike India-Europe Cargo Rates Maersk Line will seek a general rate increase on cargo shipped from the Indian subcontinent and the Middle East to Europe,...
Panalpina Returns to Profit, Lowers Forecast Panalpina returned to profit in the second quarter from a year earlier loss by ending high-volume low-margin contracts across its...
Hutchison Ports' Operating Profit Drops 20 Percent Hutchison Port Holdings' operating profit declined 20 percent in the first six months of 2011 ended June 30 to $462.5...
Nehru Port Refutes Poor Planning Charges India's Port of Jawaharlal Nehru (Nhava Sheva) refuted media reports that crane replacement at the port-run terminal was done proper...
Refrigerated Trucker FFE Industries Narrows Loss Refrigerated trucking operator Frozen Food Express Industries cut its net loss by 25 percent from a year ago to $3.3...
FreightCar Cites "Mixed Signals" in Rail Market FreightCar America, an equipment builder that specializes in coal-hauling railcars, reported improved earnings for the second quarter but pointed to...
Bulk Cargo Vessel Sinks Off Mumbai Coast A Panama-flag bulk cargo vessel sank in early morning Thursday about 25 nautical miles off the Mumbai coast, Indian maritime...
Roadrunner Transportation Posts $7.4 Million Profit Roadrunner Transportation Systems reported a $7.4 million net profit in the second quarter, as the trucker's total revenue leaped 30.4...
Greenbrier Books Railcar Orders for $285 Million Railcar builder Greenbrier said it has booked orders in June and July to build another 3,700 railcars valued around $285...
Cargo High Drives Fraport Profit up 22 Percent Fraport AG, the operator of Frankfurt airport, reported 22 percent profit growth in the second quarter from a year ago,...
TSA Carriers Announce New Peak Surcharges Date After a two-month delay, the 15 container lines that belong to the Transpacific Stabilization Agreement announced peak season surcharges as...
Nippon Express Reports $69.7 Million Profit Nippon Express, Japan's largest international freight forwarder, posted a net profit of $69.7 million on a consolidated basis in its...
Seaspan Cuts Loss to $34.9 Million Seaspan cut its loss to $34.9 million in the second quarter from the $121.8 million loss the independent ship-owner and...
Air Freight Rate Index Slips 2.6 Percent Spot market air freight rates out of Asia slipped back to the lowest level in three months in June, falling...
DOT Finalizes $336 Million for State Trains Transportation Secretary Ray LaHood said California, Illinois, Iowa, Michigan and Missouri will receive $336.2 million under to buy trains for...
TSA peak season plans return Liner carrier members of the Transpacific Stabilization Agreement said Wednesday they plan to assess peak season surcharges on the eastbound transpacific trade from Aug. 15 through Nov. 30. The surcharge was originally planned from mid-June, but w...
Seaspan orders three ships for Hanjin Containership charterer Seaspan Corp. had a second quarter net loss of $34.9 million compared to a loss of $121.8 million in the same 2010 period. Revenue was $133.7 million in the second quarter compared to $97.5 million in the same 2010 period. S...
MOL, Hoegh Autoliners form joint venture Mitsui O.S.K. Lines Ltd. (Tokyo) and Höegh Autoliners AS (Oslo) have set up a 50-50 joint venture in Europe, integrating their existing European short sea and logistics activities and that of Euro Marine Carrier BV. The new company, named Euro Mari...
China/Mideast service adds Dammam call A China Shipping-CMA CGM operated Far East/Middle East loop has undergone recent rotation changes, American Shipper affiliate ComPair Data has confirmed. The service, dubbed AMA by China Shipping and CIMEX by CMA CGM, has added a call at Dammam, Sa...
Jumbo names Tecnoil Brazilian agent Dutch heavy lift shipping and offshore installation company Jumbo has picked Tecnoil Comercio e Representacoes Ltda. as its agent in Brazil. Tecnoil has been active in the energy market since 1973. Together with Tecnoil, Jumbo aims to further stren...
CN expanding yard in Gary, Ind. Canadian National Railway Co. announced plans Wednesday to spend $165 million to expand its Kirk Yard in Gary, Ind., and relocate its Chicago area locomotive repair shop to an upgraded freight car classification facility in Northwest Indiana. CN s...
Greenbrier gets orders for 3,700 railcars The Greenbrier Cos. said Thursday it has received orders for 3,700 new railcar platforms valued at about $285 million. The orders are primarily for double-stack intermodal platforms, boxcars, covered hopper cars and tank cars for the North American...
Barge companies change leaders Two of the nation's largest barge companies are changing leadership. Mark Knoy, 52, is leaving AEP River Operations to become president and chief executive officer of American Commercial Lines, based in Jeffersonville, Ind. David Huls has been nam...
Upcoming COAC meeting to be webcast When the U.S. Department of Homeland Security's Commercial Operations Advisory Committee convenes in Long Beach, Calif., on Aug. 18 it will mark the first time the group's quarterly meeting has been webcast. Officials at Customs and Border Protect...
MIQ Logistics acquires U.K. logistics firm MIQ Logistics said Wednesday it has acquired The Logistics Corp. Ltd. (TLC), a U.K.-based provider of logistics to the retail industry. Overland Park, Kan.,-based MIQ said the purchase will complement its existing services in Europe by offering cus...
Fuel oil stocks remain below 20 million barrels Singapore bunker demand could 'pick up' on the back of weaker prices.
Fujairah prices soft Deliveries available for supply up to and including August 18 in Cape Town.
Markets continue downward slide "If you are a buyer, life is great," a player told Bunkerworld.
Cargoes to head for 'tight' Middle East market Trader reports supply tightness, 'particularly of on-specification bunkers grade 380 cSt material.'
External: Praxis Energy Agents S.A.
Rotterdam Q2 bunker sales show continued increase Overall sales up compared to last year and Q1, led by higher fuel oil sales.
West Coast emissions reduction programmes under attack 'Business-strangling regulations' are threatening the future of shipping in Los Angeles.
Market has 'lost confidence' in Marco Polo Seatrade 'Bankruptcy proceedings are a sham,' says Credit Agricole.
IFO prices drop for third straight day in Asian ports Demand for bunker fuel average on Thursday, according to traders.
Bominflot starts supplying bunkers in Valencia Deploys bunker barge Besiktas Pera to support operations at the port.
More management changes at Bominflot Henny de Goede leaves role as managing director of Bominflot Group's London office.
Canada's first hybrid fuel cell ship receives funding Western Economic Diversification Canada contributes $1.19 million in funds to retrofit Tsekoa II.
Authorities stop Cebu-based company's shipping operations Operations of Trans-Asia Shipping Lines halted after sinking of Asia Malaysia.
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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