Singapore port traffic recovers from slowdown THE Port of Singapore found its way back from the depths of the financial crisis last year, recording a container throughput of 28.4 million twenty-foot equivalent units (TEUs) last year - a 9.9 per cent increase from 25.9 million TEUs the year before.
China shipbuilder sees good orders China Rongsheng Heavy Industries Group Holdings, the nation's largest shipbuilder outside state control, expects container vessel orders to rise this year as world trade rebounds from the global recession.
Maersk Line expects 8% rise in container market The container shipping arm of AP Moller-Maersk, Maersk Line, sees a well-balanced market, as global capacity is forecast to grow 9 per cent this year, a senior executive said.
Adelaide Convention Centre appoints Agility The global logistics provider Agility has been appointed as the preferred vendor for the Adelaide Convention Centre in Australia. As the preferred logistics provider, Agility will ...
UPS expands healthcare network with new facilities in Asia, Europe, USA and Canada The giant US service provider UPS is significantly expanding its global healthcare distribution facility network to accommodate continued rapid growth in its healthcare busine...
Hellmann Worldwide Logistics expands delivery offer in Benelux region The German service provider Hellmann Worldwide Logistics augmented its transit time offers for shipments from Germany to the Benelux states at the beginning of 2011. The servi...
Airbus launches ATM subsidiary "ProSky" The European aircraft manufacturer Airbus has launched a new subsidiary company called Airbus ProSky, dedicated to the development and support of modern air traffic management (ATM...
NYK Line: new Adriatic service The Japanese container shipping company NYK Line inaugurated a new feeder service in the Mediterranean at the beginning of the year. The Adria service (ADS) connects NYK's existing...
Floating storage volumes drop to 22-month low as oil prices rise Product tanker sector sees 6.5m barrel fall in December, pushing five LRs back into spot market
Australian floods to spur investment in Indonesian coal facilities Spending on maritime infrastructure to grow as India and China take steps to secure supplies
Qatargas to increase LNG production Qatargas, a leading producer and shipper of liquefied natural gas, is set to ramp up LNG production in the first quarter of 2011
Charterers keep VLCC spot rates steady The New Year opened with a decent level of fixing activity in the very large crude carrier market
Spread of piracy prompts west coast India rate premium The extended arm of Somali piracy has chafed its way into contractual discussions between owners and charterers fixing dry bulk voyages to and from India's west coast
Danish owners back calls to destroy pirate bases Shipwoner grouping favours plan as part of drive to combat piracy
Lines prepared for more strikes at French ports Box carriers roll-out contingency plans to deal with dispute
Bank warns of sharp fall in freight rates Average freight rates on the Asia to Europe trades set to decline in second half of 2010
Carnival awarded $24m in Rolls-Royce Mermaid pod case Propulsion system manufacturer fined $16m for fraud and a further $8m for breach of repair warranties
Piracy - Orchestrating the Response IMO lays out key objectives to tackling Somali piracy
High-profile boost for IMO's anti-piracy drive UN chief set to launch year-long campaign to step up fight against Somali pirates
LD Lines to replace Le Havre route ro-pax Will take delivery of Norman Leader later this year
Asia-Europe trade prospects grim, say forwarders Freight forwarders see little chance of sustaining box rate increases
Box lines struggle to lift Asia-Europe rates Planned rate rises hit by fears over fresh vessel capacity entering the market
Scorpio charters product tanker quartet Owner to trade vessels in its spot pools
Jiangsu Rongsheng bullish over boxship orders Expects rise in boxship orders as global trade rebounds
Dalian Port plans $30m bond issue Funds to be used to adjust debt structure, repay bank loans and contribute to working capital
China Cosco predicts record profits for 2010 Shipping giant attributes turnaround to regained industry momentum
Quartet to launch Europe-South America service UASC, Hanjin, Cosco and CCNI set to deploy six vessels of 2,500 teu capacity
Grup TCB eyes emerging markets in Latin America Spanish ports conglomerate to focus on local gateway cargo in international expansion
Turia Port Investments looks to OECD countries for long term investment New owners of TPI subsidiary DSPL look to expand primarily in the European Union but also the US, Canada, Japan, Korea, Mexico, Chile, Turkey and Israel
Dragados sale brings investment and a team of top managers After two years of negotiation, ACS has finally disposed of its Spanish ports businesses
A bumpy ride ahead Outlook could get chilly, with doubts surrounding the strength of the recovery in many sectors
IEA outlook predicts surge in Caspian Sea oil production Landlocked geography, in a volatile region, presents a number of intertwined political and logistical challenges
Sabre-rattling over Noble Leviathan gasfield find Leviathan's size estimated at 16trn cu ft of gas and 4bn barrels of oil
Majors eye Arctic drilling as crude prices continue to rise If oil prices remain above $90 per barrel production from the harsh Alaskan regions could become economically viable
Lifeboat release mechanisms are still not off the hook Defective lifeboats will continue to kill seafarers unless the industry practises what it preaches
Phnom Penh raises throughput by 44% THROUGHPUT at Phnom Penh Autonomous Port increased 44% in 2010 over 2009 ' and it reportedly plans to ship another 20% more this year.
Le Havre grows despite labour headaches DESPITE chronic labour problems last year, Le Havre's box throughput increased 5% to 2.4M teu during 2010.
Dutch W'rtsil' workers flee fire A HUGE fire reportedly was controlled today after forcing evacuation of a W'rtsil' diesel engine manufacturing plant in the Netherlands.
MarAd slammed over loans THE US has accused MarAd of wasting millions of dollars through poor oversight of commercial vessel and shipyard loans.
Aker Philly closing near? AKER Philadelphia Shipyard could be closed within months if financial and labour issues are not resolved quickly, its owner has warned.
Scorpio fleet balloons SCORPIO Tankers has increased its fleet tonnage by 30% with four product carrier charter-ins, as it positions itself for a market rebound.
US terminal facing new challenge A KEY COAL terminal scheme in Washington is facing a fresh review by that state's environmental office.
Rolls-Royce 'disappointed' with fraud verdict ROLLS-ROYCE told Fairplay today it was "disappointed" that it has been found guilty of fraud in a Florida court.
Crew waits out pirates SEAFARERS have locked themselves into a chemical tanker's citadel and waited out a pirate attack on the Arabian Sea.
Grain exports from western Canada to fall CANADA'S western prairies have had a wet growing season, resulting in a smaller grain crop than expected and reduced quality, according to the Canadian Wheat Board.
New pledge on Le Havre LNG scheme FRANCE'S Poweo power group said it still wants to build an LNG facility at Le Havre's Antifer oil terminal.
Seroja to borrow to pay for new Panamaxes INDONESIA'S drybulk carrier Seroja Investments has decided to borrow $56.34M from Singapore's OCBC Bank to build two Panamaxes.
VLCC market fails to rise AN OVERSUPPLY of tonnage is continuing to restrain VLCC spot fright rates, even though trading is increasing, according to Pareto Securities.
MISC juggles box ships MALAYSIA'S leading container line MISC told Fairplay today it has cut capacity on its Malaysia/East Asia service.
Siem Kapital acquires Partner control SIEM Kapital, the holding company of Norwegian investor Kristian Siem, has acquired full control of Partner Shipping.
Obama Names W. Daley to Lead White House Staff President Obama named veteran political manager and former Commerce secretary William M. Daley to be his White House Chief of...
Pacer Taps Gardner to Head International Unit North American intermodal and global logistics firm Pacer International picked industry veteran Daniel L. Gardner as CEO of its international...
DOT Releases 'Concept Document' for U.S.-Mexican Trucking The Department of Transportation Thursday released "an initial concept document" for a new crossborder trucking agreement with Mexico, without setting...
Dunavant Acquires Intermodal Company Memphis-based Dunavant Enterprises acquired majority interest in Trans Gulf Transportation, a Houston company specializing in regional and local intermodal drayage...
Intermodal Volume Grew 14.7 Percent in 2010 North America's major railroads saw intermodal volume rise 14.7 percent in 2010, while their railcar loads of commodities and bulk...
Cosco Expects Record Profit for 2010 China Cosco Holdings said it expects to close its books on 2010 with record net profit driven by global economic...
Maryland Shuts State Mailrooms after Explosions Mailrooms at state government offices across Maryland were shut down after small bombs shipped in packages or letters exploded at...
December Retail Sales Grow 3.2 Percent Holiday season sales slowed in December after a strong start in November, several retailers reported, but a widely watched index...
US, World Customs to Curb Dangerous Chemical Traffic The U.S. will work through the World Customs Organization to strengthen international security standards to prevent traffic in chemicals that...
Obama Signs Law Renewing Diesel Grants Program President Obama signed legislation to renew a grant program that the administration has used to fuel diesel engine replacements, upgrades...
Patriot Rail Completes Buy of Weyerhaeuser Short Lines Private short line operator Patriot Rail completed its acquisition of six small rail lines from paper industry firm Weyerhaeuser, giving...
Four Carriers to Launch Europe-South America Express A consortium of four carriers plan to start a new weekly service between Northern Europe and the east coast of...
Singapore Container Throughput Jumped 9.9 Percent The volume of containers handled by the port of Singapore increased 9.9 percent in 2010 to 28.4 million 20-foot equivalent...
Ryder Completes Total Logistics Acquisition Ryder System completed its acquisition of Total Logistics Control, a third-party logistics provider, for approximately $200 million. The acquisition,...
Air Freight Rates Fall in November Air freight rates out of Asia slipped back 0.4 percent in November from the month before and took a sharp...
NHTSA Eyes Mandatory Truck Speed Limit The federal government will consider limiting the speed of all heavy trucks to 68 mph, a proposal some truckers support...
Yusen Logistics Names New President Japanese forwarder Yusen Logistics at an extraordinary board meeting on Wednesday promoted Hiromitsu Kuramoto to president and representative director, effective...
Senior Democrat Pushes Back on House Rule Change Democrats are wasting no time punching back after the House adopted new rules on Wednesday that allow lawmakers to control...
MSC Lowers Bunker Surcharges on US Imports After two months in which it increased its bunker surcharges, Mediterranean Shipping Co. will lower the surcharges slightly for imports...
Bourbon boss flees top post French offshore giant shuffles seating arrangement with new CEO but Jacques de Chateauvieux remains planted at the head of the table.
JP Morgan predicts Genco jump Equity analyst says short-term traders may be able to cash in on bulker stocks as rates hit rock bottom.
BW, Greek ships attacked Pirates follow up attempt on Frontline suezmax with assaults on Norwegian LPG tanker and Greek bulker.
Yards flock to Transpetro tender Brazilian owner's massive product tanker order draws bids from 16 local and international yard groups.
Great Eastern selling bonds Indian tanker and bulker owner raising $22m for ship buys through debt issue.
Hanjin in VLCC storage score South Korean owner secures profitable floating storage contract for VLCC on hire from Andriaki, brokers say.
Sinwa making Rapid progress Singapore offshore player targets Chinese market with takeover of compatriot Rapid Offshore & Marine.
Freeze fast-tracks Stena Bulk profit Ulf Ryder claims the owner's ice-class ships are worth their weight in gold in freezing Baltic.
Frontline tanker hit by pirates John Fredriksen-linked suezmax comes under grenade fire from pirates off Oman but avoids hijacking.
Oz floods are aiding LNG market Shortfall of coal due to port problems is further good news for owners of LNG vessels, RS Platou says.
Negros mops up Aboitiz stock Chinese-backed Philippines owner makes offer for ferry group's remaining shares after completing takeover.
Boxships to bridge order gap Fresh containership contracts will help Rongsheng plug tanker and bulker shortfall in 2011, CFO says.
Marco Polo poaches utility ship Singapore owner raids compatriot Seaman Marine for 2010 offshore vessel.
Propulsion pickle for Steam Packet UK warns over thruster tests as passenger gangway ripped from Isle of Man ferry at Heysham.
SKIL on track at Karanja Indian ports company signs up domestic "end-user" for new terminal as construction continues.
Seanergy gains power to split Restis-backed owner wins shareholder backing for reverse stock split to regain Nasdaq compliance.
Denmark's Thy Ferries sets sail Start-up company launches ro-ro service to Norway from Hanstholm.
Scorpio takes in tonnage Emanuele Lauro-led tanker owner secures four ships for between 10 months and one year plus options.
Box recovery faces setback Deutsche Bank predicts 30% drop in lines' earnings this year as rates fall.
Ferry refloated off Philippines No injuries reported after Maharlika Seiz pushed ashore by strong winds near Liloan.
Dutch blast disrupts shipping Chemical plant blaze spreads to Wartsila factory near Rotterdam as marine traffic halted.
STX Pan Ocean in JV buyout Korean takes full control of Gulf Pacific Shipping to strengthen bulk business in Arabian Gulf and Indian Ocean.
Hyundai Mipo cruises past 500 Seoul-listed shipbuilder racks up its latest century and plots to produce another 80 ships in 2011.
Seroja secures financing Singapore-Chinese bulker joint venture says it has won bank loan to fund recent panamax acquisitions.
SITC returns to Dae Sun Yang Shaopeng-led liner operator returns to South Korean shipyard for another pair of feeder ships.
IRISL trio freed in Singapore Containerships arrested over loan defaults released back to Iranian owner after $110m payment.
China Cosco set for profit Bulker and boxship wing of Cosco group expects world recovery to bolster its full-year performance.
NYK in Adriatic move Japanese giant launches new service between Asia and the Adriatic via its China-Europe shuttle service.
Ports to test scrubber on APL container vessel $3.4 million demonstration project will evaluate potential of seawater scrubber to cut ships' diesel soot by 85%.
Fuel oil prices climbing in key ports Limited stocks of 180 cSt product in Durban.
Rotterdam bunker market sees double digit gains Bunker market firms across south European ports.
New 'steel construction' filters meet ABS requirement ABS-classed vessels must replace plastic-bowl oil filters.
New attack on Gibraltar's bunker sector Spanish legislator says territory is 'bad neighbour'.
Fuel oil stocks at seven week-low Traders say demand from marine fuel sector has been firm.
Singapore sells record 40.9 million mt bunkers in 2010 Cements 'global leading position' in terms of bunker sales, says transport minister.
Hambantota bunker operations to start in May SPLA says it will buy 'four self-propelled barges'.
Asian IFO prices hit new 12-month high Mixed demand at key Asian bunkering ports, according to traders.
Slight improvement in South Korea's January bunker avails Tight availability of bunkers in South Korea 'to ease', local traders say.
STX Europe completes delivery of fuel-efficient ferry Spirit of Britain largest ferry to operate in English Channel.
Singapore-based firm expands into bunker trading Targets trading volumes of around 10,000-15,000 mt per month in 2011, says bunker trading manager.
Singapore court releases detained Iranian ships Maintenance costs on the vessels to be settled in a separate hearing, court says.
- 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
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
