China group lobbying to block Brazilian Valemaxes Brazilian miner Vale's plan to build mega carriers to ship iron ore will diminish China's bargaining power for the raw material as seaborne supply is dominated by global miners, an official with the China Shipowners' Association (CSA) said.
Korea shipbuilding stocks seen surging on oil prices South Korean shipbuilding stocks may jump as much as 80 per cent in four months as they catch up with gains in oil prices, according to Mirae Asset Securities Co, an affiliate of the nation's second- largest money manager.
Container rates may climb following alliance: Macquarie Container-shipping rates may rise on routes to northern Europe from Asia following a vessel-sharing alliance between the industry's second- and third-largest companies, said Macquarie Capital (Europe) Ltd.
Tighter sanctions over nuclear programme choke Iran's trade
Egyptair increases links to South Sudan Egyptair has added a third weekly service to its connection between Cairo and Juba, the capital of South Sudan.
Network Rail increases UK investment Network Rail's investment activities, aimed at renewing the railway network and increasing capacity, have increased, with more than GBP 300 million (EUR 350 million) invested in th...
ADB loan to Indonesia to upgrade it roads The Asian Development Bank has approved a USD 180 million loan for a regional roads development project, which will improve 470 km of roads in northern Kalimantan and southern Jav...
Norfolk Southern system delivers savings for ethanol shippers Norfolk Southern, one of the top transport companies in the US, is supporting ethanol shippers with a new virtual inventory management and delivery system that can cut in half the...
Truck registrations up in EU New commercial vehicle registrations were up by 8% in the EU in October, amounting to 162,901 units, in line with similar results in France (+8%) and Germany (+7%). According to E...
ANA Cargo increases services to Okinawa and Taipei As of today, 5 December, Japanese ANA Cargo is increasing the frequency of its services from Tokyo Narita to Okinawa (from 6 to 12 a week) and Taipei Taoyuan (from 6 to 9 a week). ...
Turkish Airlines boosts Benghazi options Turkish Airlines has added services between Istanbul Atatürk airport and Benghazi (Libya), bringing frequencies up from seven to ten a week, with the new flights operating in the ...
Third quarter results for CMA CGM CMA CGM's volumes rose by 10% year-on-year to 2.6 million teu in the third quarter of 2011. Over the first nine months of the year, volumes carried were up by 9.4%, totalling 7.4 ...
Flemming Frost new CEO Europe for Damco Damco, an independent freight forwarding and supply chain management solutions subsidiary of the A.P. Moller-Maersk Group, has appointed Flemming Frost as CEO for Europe. He will r...
Oliver Rupps named trans-o-flex managing director Oliver Rupps joined the trans-o-flex logistics group as spokesman of the board of directors on 1 December. He succeeded Wolfgang Weber, who will leave the company at the end of th...
MOL complies with Maritime Labour Convention Mitsui O.S.K. Lines (MOL) has announced that its group manning company in the Philippines, Magsaysay MOL Marine, has earned certification from Nippon Kaiji Kyokai (ClassNK) for co...
Ceva Logistics expands LCL activities The SCM specialist Ceva Logistics has reported continued growth in its less-than-container load services. Driven by a focus on improving services and building on the success of it...
Woodland moves condensers from Italy to Ireland Woodland Global has completed the shipment of three condenser units, working for the Italian manufacturer Luve and its client, Core Air Conditioning of Ireland. The units, weighin...
Shipco Transport opens Dublin office Shipco Transport has opened an office in Dublin (Ireland), offering the forwarding industry a full range of LCL and FCL services. With this new Dublin centre Shipco will provide a...
Dover-Dunkirk jobs to go at DFDS Ten officers and 21 others face redundancy
Low-sulphur rules will put ships at risk DNV urges shipowners to prepare now for 2015 low-sulphur switch
R&I downgrades K Line to BBB rating Negative outlook due to overcapacity
MSC declares surcharge on Asia to North Europe routes Extra $225 per teu to be charged from Jaunary 1
Torm agrees deal to defer debt repayment Plans $300m rights issue to support restructuring
Double-hulled VLCC rumoured to be sold for scrap Atlantic Liberty due to be beached in Pakistan
Commerzbank heading for government ownership Berlin is likely to seek full control if ailing bank asks for more cash
SeaFrance ferry to be scrapped in India Vessel is beached after survival talks fail
Blohm+Voss lined up for sale Owner ThyssenKrupp declines to comment on reports that Star Capital is the buyer
Mexico's state oil firm buys five small tankers Pemex purchase follows $204m order for six newbuildings
Chemical tanker market rates spike Further rate rises expected as Asian garment-makers need chemicals to produce polyester
Citadels divide industry but save lives Creating a layered defence system requires industry to take a joined-up approach
Zim adds vessel to West Africa-Mediterranean service Upgrades frequency and transit times
European Union set for second two-year extension of Operation Atalanta EU Navfor expects a decision in early 2012
Oil trade growth declines October showed a return to solid numbers
Iron ore trade returns to double-digit growth Indian decline could be boon to capesize owners
Edible bulk is biggest loser in China Soya trade was predicted to boom but instead floundered
Chinese slowdown? Not so fast The much-ballyhooed Chinese economic cooling has yet to materialise
The price of everything and the value of nothing Are the values reported in today's shipping company balance sheets continue to be appropriate?
South Korea charters VLGC newbuilding for ten years E1 Corp's long-term booking signals faith in LPG shipping market
LR1 tanker auctioned for less than demolition value $5.2m deal highlights sluggish sales for older product carriers
Freight forwarders expect volumes to fall Danske Bank's European Freight Forwarding Index for November showed a decline for both current and expected volumes
Box lines urged to consolidate to survive Demand set to deteriorate into second-quarter 2012
Polemis, Economou and Mamidakis take key trophies at Greek Shipping Awards Laskaridis and Minerva Marine among companies honoured as 2011 prize night sees private owners edge public outfits
Keeping up with sanctions The complexity of business relationships can make compliance less than straightforward
Pricing power MSC-CMA CGM alliance cut costs but it may take mergers to lift freight rates
Albedo 'close to release' after 13 months Ransom payment of $4m expected for boxship
Valemax has leak in ballast tank Workers pumping water from Vale Beijing at Bazilian port
VLOC leak halts loading CARGO loading stopped today for the VLOC Vale Beijing after a ballast tank leak was discovered at Brazil's Ponta da Madeira Maritime Terminal
Putin pledges yard $4.4Bn PRIME Minister Vladimir Putin has promised Kremlin funding of up to 135Bn rubles ($4.4Bn) for the St Petersburg yard Baltiisky Zavod
Chinese breakers buck price trend CHINESE breakers are bucking trends by offering prices close to those of their South Asian rivals, as some box ships arrive for demolitions
VLCC discounts continue PRICES of secondhand VLCCs have further deteriorated, now just above scrap value, brokers said today
Firming Capesizes courting $30,000/day RISING activity is driving spot freight rates for Capesize drybulkers higher, causing shipping analyst and broker sources to predict rates today breaking $30,000 per day
Pemex scoops up MR tankers MEXICAN oil company Pemex has swooped in on five medium-range products tankers, brokers said today
Ferry grounding strands 600 MORE THAN 600 passengers are stranded today after last night's evacuation from ATS Consolidated-operated Superferry 1
Ship sinks near Quanzhou SEARCHERS are looking today for two crew members missing since a box shop sank yesterday, the Fujian Maritime Safety Administration said
Dorval Kaiun seeks bankruptcy protection JAPAN'S chemical tanker operator Dorval Kaiun has filed for bankruptcy protection
Diesel Prices Fall as Oil Hits Two-Week High Diesel prices across the United States fell 3.3 cents in the week ending Dec. 5, falling for the second week...
Cardinal Health Named Top Healthcare Supply Chain Cardinal Health finished at the top of the Gartner 2011 Healthcare Supply Chain released Monday, gaining from the strong relations...
Stockton-Oakland Barge Service to Ship Containers A new container-on-barge service between the ports of Stockton and Oakland, Calif., will give shippers the opportunity to save money...
Heavy Truck Orders Drop 27 Percent Net orders for Class 8 heavy trucks dropped in November after several months of steady increase, according to two trucking...
USPS Wants to End Next-Day First-Class Delivery The U.S. Postal Service, showing unprecedented boldness in an attempt to reverse deep losses, plans to stop next-day delivery of...
Container Lines Need to 'Cold' Idle Ships, Analyst Says Ocean carriers need to start fully decommissioning vessels if they want to succeed in pushing through rate hikes in the...
Con-way's Nightingale Moves to Software Provider Technology provider ModusLink Global Solutions named Tom Nightingale, most recently chief marketing officer at Con-way, president for sales and marketing....
YRC Worldwide Stock Jumps to $13 Per Share YRC Worldwide's stock price jumped above $13 a share Monday morning, opening at $13.34 per share after climbing from $9.25...
FedEx Ground to Raise Rates 4.9 Percent FedEx Ground will raise rates for its U.S. package and home delivery services an effective 4.9 percent Jan. 2, matching...
Indonesian Port Wants to Quintuple Box Storage Fees The landlord of Indonesia's largest port said it will quintuple container storage later this week to help reduce congestion. ...
Port of Oakland Fights Occupy Shutdown Attempt Moving aggressively to block any efforts to shut down the port next week, the Port of Oakland is launching a...
DP World Plans Major Jebel Ali Port Expansion DP World plans to invest $850 million over the next three years to boost the capacity of its flagship container...
Panalpina Begins Two Direct LCL Asia-Poland Services Panalpina launched two direct less-than-container load services between Taiwan and South Korea and Poland, as part of the Swiss logistics...
NOL Denies Bidding on Hapag-Lloyd Singapore's Neptune Orient Lines on Monday denied reports it is making a fresh bid for rival German ocean carrier Hapag-Lloyd....
Can the Jones Act be Protected? U.S. domestic ocean shipping has never seen a year like 2011. Two carriers pleaded guilty to price-fixing. One dodged debt...
Cracking Down on Corruption The Foreign Corrupt Practices Act, long the domain of corporate counsels and senior executives, is getting more attention in exporters'...
TSA's Heavy Baggage In a scathing report issued in late November, House Republicans damned the Transportation Security Administration for becoming an ineffective, wasteful...
Splitting the Differences Members of Congress haven't looked this close to agreement on the goals for a transportation spending plan in years, but...
On Time, All the Time Achieving 100 percent on-time delivery performance is a team effort among transportation carriers, shippers and consignees. Parcel carriers such as...
TAPA's Global Challenge It's not easy to secure a truck, and it's even more difficult to come up with global trucking security requirements....
TAPA to Certify Truck Security A new security standard and certification program for trucking could help motor carriers and shippers close one of the biggest...
Hoffa's Next Five Years When UPS executives sit down to negotiate a new five-year contract with the Teamsters union next year, they'll face a...
Be Like Steve Steve Jobs' untimely death, as well as the just-released best-seller biography of this genius, has triggered intense national focus on...
Mobile on the Move Jimmy Lyons has everything in place for strong growth in containerized exports, except for the containers themselves. "We need more...
They've got an awful lot of whisky in Brazil So goes the 1960s Sinatra song, albeit about coffee; these days Brazil has an abundance of whisky imported from the UK, from where exports soared ...
Delmas sets up dedicated reefer department CMA CGM subsidiary and African liner company specialist, Delmas, has followed several ocean carriers in setting up a dedicated reefer shipping department. The move ...
Matson to become separate entity US Jones Act carrier and logistics business Matson is to be spun off as a separate company its parent firm Alexander & Baldwin (A&B) said at the ...
Shipping no longer up front and personal SeaIntel's latest Sunday Spotlight claims that process management is now the dominant force in shipping. Out of 1,400 phone calls made to 30 carriers and 30 forwarders, ...
SCA to raise transit charges The Suez Canal Authority is ending its three-year toll freeze and will implement across the board transit fee increases for all tonnage using the waterway from ...
Auckland strike set to end, for now Rolling 24-hour strikes and a company lock-out have crippled Auckland's two container terminals, disrupting six ships and diverting just-in-time Christmas goods ...
Canada in growth spurt With its near neighbour recording only a sluggish 2% GDP expansion in the same period, and Europe sliding back into recession, Canada has beaten analysts' expectations ...
India in 'u-turn' on global supermarkets In an apparent volte-face at the weekend, the Indian government said that plans to open up its 1.2 billion consumer markets to global supermarkets - which faced ...
Hupac starts service between Sweden and Italy Hupac Intermodal and Intercontainer Scandinavia AB intend to start a rail service between Sweden and Italy on December 12, 2011. Destinations served in Sweden will ...
NOL denies Hapag talks NOL, the Singapore-based parent of liner carrier APL, said Monday in a filing with the Singapore Stock Exchange that it is not making a renewed bid for a stake in German competitor Hapag-Lloyd.
Hackett: MSC-CMA alliance good for the industry But the alliance could reflect some desperation from the two lines, he suggests. "CMA CGM is obviously in some financial difficulties, trying to cut $400 million in costs and selling some ships... while MSC must be impacted by the situation as well."
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.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Ocean news
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
