Maersk expects more vessels to cut speed AP Moeller-Maersk A/S, the world's largest owner of ships that carry manufactured goods, expects more vessels to cut speed after it completed a study showing the practice doesn't damage engines.
DP World's London port to be ready by 2013 Dubai's DP World expects its new London Gateway deep-sea container port to be operational by the fourth quarter of 2013, with spending on the project set to continue despite the economic gloom.
Container ship hits reef off New Zealand A container ship struck a reef off New Zealand yesterday and has taken on water near the country's biggest export port, marine authorities said.
Menzies Aviation new handling agent for ABC at Schiphol AirBridgeCargo Airlines (ABC), a subsidiary of Russia's Volga-Dnepr Group that servs 18 hubs in the world, has announced that Menzies Aviation will act as its handling agent at Ams...
FleetMatics to cooperate with Irish Road Haulage Association FleetMatics, a global provider of fleet management solutions for commercial fleet vehicles, has been named as the preferred supplier of the Irish Road Haulage Association (IRHA). F...
USD 100 million to upgrade Uzbekistan railways The Asian Development Bank (ADB) is extending USD 100 million to upgrade a key railway in Uzbekistan an electrify a 140-km stretch of rail line between Marakand in Samarkand provin...
DB Schenker Rail in UK sells locomotives DB Schenker Rail (UK) intends to organise a tender to sell 33 Class 56 locomotives. These diesel-electric locomotives boast a top speed of up to 129 km/h and 3,250 brake horse powe...
Ceva and Tri Petch Isuzu Sales renew expired agreement Ceva Logistics has extended its partnership with Tri Petch Isuzu Sales in Thailand for a further three years. Ceva's specialist vehicle logistics team will continue to manage its c...
ECS Group wins Icelandair GSA in Italy Globe Air Cargo, part of ECS Group, has won the cargo general sales agency contract for Icelandair in Italy. The contract, which began last month, will see ECS generating cargo for...
Strategy project for Russia's Far East airports finalised OJSC Khabarovsk Airport together with OJSC Sheremetyevo International Airport and Lufthansa Consulting, have now finalised the strategy project for Khabarovsk and Vladivostok airpo...
CMA CGM forced to renegotiate with creditors The CMA CGM shipping group is likely to run aground before the end of the year, according to a report in Le Figaro. It seems the company will struggle to meet its liabilities from ...
Port of Felixstowe celebrates 29th daily rail service The port of Felixstowe is celebrating its 29th daily rail service, which commenced on Saturday, 1 October. The new service is operated by GB Railfreight, and runs to Barton Dock Ma...
Army Pedersen appointed general manager of Agility Denmark Agility, a leading global logistics provider, recently appointed Army Pedersen as its general manager for its operations in Denmark. In his new role, Pedersen will be responsible f...
Caravelle takes over majority of Mory Group Caravelle, an investment fund, is taking over the general cargo operations and therefore the majority of the Mory Group, the French transport and logistics company which has been p...
GAC establishes dedicated humanitarian aid team The GAC Group has formed a dedicated team to focus on providing vital logistics support for humanitarian aid efforts around the world. The GAC Humanitarian Aid Team (GHAT) brings t...
Ceva extends agreement with Seadrill Logistics and SCM specialist Ceva Logistics has announced the extension of its current freight management contract with Seadrill, a premier deepwater drilling company, to include t...
Shipping: the next generation The latest generation of the Wilhelmsen family dynasty talk to Lloyd's List about future opportunities and the benefits of 150 years of experience
Fresh care initiative for piracy victims The Maritime Piracy - A Humanitarian Response programme has been launched with funds from the TK Foundation and the ITF Seafarers' Trust
London Gateway sets opening date After what seems years of 'subject to market demand' responses to journalists' questions, DP World has set an opening date for London Gateway
Everyone wants to be green, but who will pay? GreenPort Cruise event in Hamburg was told of the problems in creating 'sustainable' services
Transatlantic seeks approval for share issue after SBS Marine purchase Swedish company hopes to raise $79m to fund acquisition from major shareholder
Genmar future uncertain as cash crisis deepens Bondholders likely to become shareholders as Genmar assesses options
Export tax rise causes Russian bunker prices to plummet Shipowners take advantage by stocking up on cheap fuel
VLCC spot rates fail to ignite on Chinese chartering frenzy Middle East oversupply caps rate rise after Unipec secures clutch of vessels
Teekay and Marubeni team up to buy Maersk LNG Deal expected to be in region of $1.4bn
Dockwise secures $55m boost to orderbooks New contract wins combine with revised payment terms
Brussels opens inquiry into Italian state support for Tirrenia Group European Commission is 'concerned' that companies could have secured an unfair economic advantage
Panamax rates for 5,000 teu vessels dive with worse to come, say brokers In past four months charter rates dropped to $8,500 a day, below rate for smaller ships
US east coast container boom threatened by lack of federal funding Port of Jacksonville lobbying for money to dredge waterways
Owners storing up ballast water problems First of two requirements met for enforcement to begin
Crude Carriers shareholders back merger with Capital Product Partners Deal creates significant new player in tanker sector
Real shipping crisis began this year, says banker DnB NOR shipping vice-president says bank financing will be difficult for next three years
Resolving eurozone debt crisis is key to global trade recovery ABN Amro forecast expects two quarters of economic contraction in Europe, but sees hope for the future
China Harbour Engineering seals Venezuela deal to build box terminal State-owned Bolivarian Ports signs agreement for $500m facility at Puerto Cabello
Doubts raised over hull and machinery malaise Experts reject claims that sector shows no sign of picking up
Is Essar right? Global equity markets are virtually paralysed, yet Essar is planning to float its infrastructure assets, including ports
Finland plans to raise fairway fees Recent hard winters have pushed up icebreaking costs
Eastbound transpacific rates stabilise Still down 40% on last year
Ro-ros' cost crisis Governments should offer an incentive to owners for early adoption of scrubber technology
California ship fuel challenge advances THE US Supreme Court has taken a step closer to deciding whether California can force shipowners to switch to low-sulphur fuel in international waters
NZ scrambles as box ship hits reef MARITIME New Zealand is preparing contingency plans in case oil spills from a box ship that grounded today off the country's biggest export port
Manila operators win 17% handling rise MANILA'S two port operators have won a 17% rate rise for cargo handling
Russian grain exports mounting fast RUSSIAN grain exports from ports on the Black and Azov seas are running 30% higher than during the last normal export period
India's foreign loans climb SHIPPING and port groups in India are becoming more dependent on foreign debt because domestic borrowing has become very expensive, the Reserve Bank of India has warned
Port attack toll: $1.5Bn MANILA is estimating damage from a deadly insurgent attack on a Philippines mining company's private port at the $1.5Bn
NOL's charter deal seen as revealing NOL TOLD Fairplay today that its liner unit APL has chartered four 8,500teu ships from Norddeutsche Vermogen for a year
Greek ports hit by strike GREEK ports are reportedly shut today as dockers participate in a 24-hour general strike
Panamaxes defy holidays BROKERS told Fairplay today Panamax bulker rates are rising across the board on strong steam coal shipments to China and India
Handysize values close in on Supramaxes HANDYSIZE values have neared parity with those of Supramaxes, S&P transactions suggest, brokers told Fairplay today
Evergreen sharpens intra-Asia box focus TAIWAN's Evergreen told Fairplay today it is sharpening its focus on the growing intra-Asia box trade and other emerging markets
Unicredit's lending soars ITALY's UniCredit has ramped up shipping lending after the period of restraint and portfolio consolidation that followed the 2008-9 financial squeeze
Brokers fear Libya effect BROKERS told Fairplay today the return of Libya's national tanker company GNMTC to the spot market could further depress Suezmax and Aframax rates
Maersk Line's Soren Discusses Trans-Atlantic Reliability Improvements (Video) Soren Castback, senior director of trans-Atlantic trade for Maersk Line, sits down at the Canada Maritime Conference to discuss recent...
DOT Clears Large Grant for NS Line in Michigan Transportation Secretary Ray LaHood cleared a $196.5 million grant for Michigan to spend on track upgrades, the first part of...
Georgia's Brunswick Ro-Ro Traffic Up 40 Percent Georgia's Port of Brunswick hit an annual record in auto and machinery unit traffic, as the number of units handled...
Hershey, Ferrero Sign Supply Chain Pact Two of the world's largest candy makers say they will work together to sweeten their supply chains and reduce their...
Wal-Mart Adjusts Inbound-Freight Initiative Wal-Mart said it has learned to treat each supplier uniquely and when to let vendors run their own transportation since...
Boeing Says Smaller Jets to Lead Fleet Growth The North American fleet of passenger aircraft will grow 41 percent over the next 20 years, according to Boeing, but...
BNSF Pegs Flood-Related Costs at $375 Million BNSF Railway says by the time it has finished with historic flooding along the Missouri River and elsewhere this year,...
Canadian Pacific CEO Talks Peak Season Outlook, Commodity Demands (Video) Canadian Pacific Railway President and CEO Fred Green, the keynote speaker at this year's Canada Maritime Conference, gives his outlook...
London P&I Club Warns of Inflated Claims The London P&I Club warned that shipowners face a significant increase in exposure to claims and fines in jurisdictions suffering...
FMC to Study Loss of HMT to Cargo Diversions The Federal Maritime Commission, jumping into a dispute over the shift of imported containers from the United States to Canada,...
Net Truck Orders Climb in September Net orders for heavy-duty Class 8 trucks rose in September, posting month-to-month and year-over-year gains, according to two vehicle research...
Horizon Set to Complete Refinancing Horizon Lines said it expects to complete a $655 million refinancing by Thursday following agreement by holders of 99.3 percent...
Rails Look For Obama to Intervene in Labor Talks The U.S. freight rail industry is looking for President Obama to step into a labor dispute affecting most major railroads...
Mattel Overhauls Ocean Carrier Contracts Toy shipper Mattel overhauled its agreements with ocean carriers this year to clarify shipper-carrier responsibilities and provide both parties with...
China Expected to Import Corn Despite Record Crop China will need to import 2 million tons of U.S. corn by next year even though the country expects a...
India Container Traffic Rises 4.3 Percent Container traffic through major ports in India increased 4.3 percent year-over-year in the first half of fiscal 2012 ending Sept....
ODFL's Congdon Sees Slow Growth Ahead Less-than-truckload freight demand remains healthy despite fears of a return to economic recession, the head of Old Dominion Freight Line...
NWA latest to cull transpacific capacity The New World Alliance has pulled a transpacific service connecting northeast Asia with California ports. Reports emerged last week that the alliance has suspended its PCE service emerged, and were confirmed byAmerican Shipperaffiliate ComPair Data...
Alphaliner: Half newbuilds at plus-10,000 TEUs Nearly half of the container ship capacity on order, or 48 percent, have capacities of more than 10,000 TEUs, according to analysis by Alphaliner.The average new container ship size is about 6,100 TEUs. "It appears that the container carriers' answ...
Changes to CMA CGM/Maersk Asia-Black Sea service CMA CGM and Maersk Line are amending the rotation and vessel deployment of their joint service between the Far East and the Black Sea, according to schedule research fromAmerican Shipperaffiliate ComPair Data. The service, which CMA CGM calls BEX3...
CMA CGM adds Valencia to West Africa loop A CMA CGM and Delmas service connecting Tangiers with West Africa has split into two distinct loops with an added call in Valencia, according toAmerican Shipperaffiliate ComPair Data. The line's Maltex service previously had a rotation of Tangiers...
Maersk drops Salalah on Africa-Mideast-India loop A Maersk Line service connecting South Africa with the Middle East and India has omitted a call at Salalah, the carrier said this week. The line's standalone Mesa service now has a revised rotation of Durban, Port Elizabeth, Jebel Ali, Port Qasim,...
PIL to delist ship financing vehicle The Singapore-based shipping line PIL plans to delist a ship financing vehicle from the Singapore Stock Exchange, according to reports this week. The vehicle, called Pacific Shipping Trust (PST), was set up in 2006 to allow retail investors to part...
Horizon on verge of completing refinancing Horizon Lines said it plans to complete a refinancing that includes an exchange offer with bondholders by Thursday.The nation's largest operator of Jones Act container vessels said99.3 of convertible senior notes due 2012 have been tendered as par...
MSC hikes Europe export rates The liner carrier Mediterranean Shipping Co. said this week it will hike rates from Europe to the Middle East and Far East from Oct. 15. The increase is $100 per container and applies to all commodities. The increase will be applicable to all origi...
Ace Hardware to open import DC in VA Ace Hardware next year will deconsolidate and ship import cargo to regional distribution centers from a new import distribution facility near the Port of Virginia.The home repair retailer said last week that the 336,000-square foot distribution cen...
Crude rallies on US reserves announcement 'The DOE report is bullish, any way you look at it' says energy company director.
Middle East prices mixed Avails said to be slightly tight in Fujairah.
Rotterdam market firms after five days of losses In Gibraltar, it was quite busy with lots of enquiries and healthy volumes.
Arctic route 'deeply worrying', says campaign group 'More ships mean more pollutants on the back of more melting of the ice,' warns Greenpeace.
'Split incentives' preventing uptake of ship emission reduction technologies Investments in exhaust gas cleaning and energy efficiency technologies also hampered by lack of confidence in technology and other factors.
IFO supply resumed in Bulgarian ports Local blending restrictions means only imported HSFO is available.
Fuel prices boost Scottish cruise sector Cruise firms 'look for ports close together, so ships can travel slower', says marketing official.
New company for Ian Adams IMA Marine consultancy will focus on the bunker sector, training and lobbying.
Prices at major ports buck trend of Singapore movement Demand for bunker fuel largely average at key Asian ports on Wednesday.
Saudi Aramco sells fuel oil parcels at record premiums Amid tight avails of on-specification cargoes in the Asian market.
Supplies of 380 cSt grade 'very tight' at Singapore terminals Local tightness unlikely to be caused by recent fire at Shell's Pulau Bukom manufacturing site.
Pollution from ocean-going vessels 'biggest challenge' 'Greater than 50% of the emissions that we see at the ports, says Port of Long Beach spokesman.
Box ship Rena runs aground off-New Zealand Bunker fuel tanks undamaged, engine hydraulic oil seen in surrounding waters.
China's September fuel oil imports up 44% from last year 'Booming bonded bunker market' one of the reasons for China's increasing fuel oil imports.
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