Ship insurers put Libya on high-risk list London's marine insurance market has added Libya to a list of areas deemed high risk as violence escalated in Africa's third-largest oil producer, a senior market official said on Friday.
Denmark meeting paves way for pirate prisons An international anti-piracy meeting in Denmark last week hammered out a judicial framework for how to handle captured pirates, paving the way for the building of special pirate prisons, the organiser said.
Iata tables recommendations for Japan's aviation policy In an address to the Foreign Correspondents' Club of Japan, Giovanni Bisignani, the International Air Transport Association (Iata)'s director general and CEO, recently urged Japan ...
Cargoitalia: first Italian carrier to submit ENS messages Cargoitalia is the first airline in Italy to submit the new electronic entry summary declaration (ENS) message - part of the new EU Customs import control system (ICS) regime that ...
Nooteboom Trailers steps up production Nooteboom Trailers, a company that develops and produces semi-trailers and drawbar trailers for out-of-gauge road transport services, sees a recovery in its special market. Since t...
AirAsia X orders more A330s AirAsia X, the long-haul low fare affiliate of the Malaysia-based AirAsia Group, has placed a firm order with Airbus for three A330-200s. Scheduled for delivery from 2014, the airc...
Germany: results for railfreight traffic 2010 A total of 355.7 million t of freight were transported on Germany's railway network in 2010, according to the Federal Statistical Office (Destatis). After a 15.9% collapse in volum...
MAN: winner of the Image Award 2011 Germany's truck hauliers and intra-company transport operators have elected the best brands on the commercial vehicle market. The category of trucks over 3.5 t saw a confirmation o...
Global merchant shipping fleet continues to grow The largest fully-cellular containership fleet grew by 9.5% in 2010. A study compiled by the Bremen (Germany)-based Institute of Shipping Economics and Logistics (ISL) revealed tha...
Canada: railcar loadings grow The Canadian railway industry carried 23.2 million t of freight in December 2010, a 7.5% gain from December 2009. The upsurge was the result of increased loadings by the industry's...
MSC to deploy larger ships in northern Europe-US Gulf service The Mediterranean Shipping Company (MSC), a leading global shipping line based in Geneva (Switzerland) is planning to deploy two 8,000 teu containerships in its northe...
New straddle carrier from Konecranes Konecranes, an industry-leading group of lifting businesses, has launched a Boxrunner straddle carrier offers a unique container handling performance to two distinct container hand...
Coastlink short sea conference, Hamburg, 19-20 April 2011 Coastlink is holding a series of conferences under the title of "Challenges abound for shortsea container shipping" at the Hotel Atlantic Kempinski in Hamburg (Germany) o...
Geis collaborating with Horoz Lojistik in Turkey The Geis Group, an international logistics service provider headquartered in Germany, began a close collaboration with the Turkish logistics service provider Horoz Loj...
Samsung re-appoints P&O Ferrymasters Samsung has re-appointed P&O Ferrymasters to deliver washing machines and refrigerators from its factory in Poland to prime markets including France, Spain and the UK. The supp...
Triple-E class will alter port and line dynamics Arrival of 18,000 teu ships set to create a 'cascade effect' and tighter and more demanding contracts
US marine highways fail to capture lion's share of box shipments Coastal and river navigation is perceived as being too slow to attract shippers that utilise trucks
Freight grant award brings ships back to Kirkcaldy Grant will see 250,000 lorry miles removed from Scotland's roads
Danger money demands could cost industry $120m Employers considering union proposals to extend double pay zone further into Indian Ocean
How to identify suspect passengers Criminal gangs are believed to be placing drug couriers on board and are attempting to corrupt crew to ease their passage
Drugs threat on cruiseships soars Cruise lines need to raise their game to protect themselves against professional gangs that are using cruiseships to traffic illegal drugs in large quantities
Time to try private piracy protection A Convoy Escort Programme, comprising a fleet of small vessels, designed to interdict pirates and protect merchant ships, could be trialled to help rid the Gulf of Aden of pirates
Oldendorff fails in bid to repossess bunkers on Korea Line capesize Chapter 15 stay against creditor actions remains in force
Softening rates dent 2011 growth prospects Prevailing cost pressures on US consumers continue to dent transpacific trade prospects
Putting a price on risk The industry has a moral duty to recognise the perils facing seafarers ' and the best way to do that is hard cash
Impairment charges hit FreeSeas ahead of fleet renewal Greece-based company posts $17m net loss in the fourth quarter of 2010
High risk agreement extended to cover whole Indian Ocean Seafarer's union denies move will prove costly for shipowners as it encourages use of better security measures
Big Society vote The transfer of Dover to the ownership of the local people is Big Society actually working
Grand Alliance ups Asia-Europe capacity Resumes weekly frequency of Loop D service
Evercore poaches Jonathan Chappell JP Morgan veteran to head Evercore's new shipping equity research division
APMT cranes to undergo retrofit Move to convert more than 400 diesel-powered RTGs will cut CO2 emissions
Lange fund orders two boxships Opportunity KG fund places order for two 3,800 teu ships from Shanghai Shipyard
Newlead and FreeSeas confirm Korea Line exposures Marinakis group says has no exposure to KLC collapse
Drug crimes linked to cruiseships rocket 52% Professional gangs now see cruise vessels as alternative vehicles for smuggling their drugs
Dover residents demand referendum over trust port privatisation plans Threat to David Cameron's Big Society plans if voters choose 'people's port' option
Goldenport recharters Korea Line-linked ship Secures new employment for Eleni D, one of two supramaxes previously chartered to Korea Line
Tankers face higher costs for Libya calls Shipowners may be slapped with surcharges as insurers declare region war zone
First dollar-per-day suezmax contract traded Breakthrough move could further limit the use of Wordscale in wet derivatives trading
Rotterdam and Nangang ink service deal Agreement includes port planning, operational procedures and traffic management
Antwerp hit by nationwide strikes Port set to resume normal operations today but says cost of strike action is $1.4m per hour
Eurotunnel regains truck shuttle market share Channel Tunnel operator sees net loss of €57m in 2010
Fourth Korea Line ship seized in US Latest action on Blue Jasper comes as Nordea emerges as mortgagee on product tanker pair
Norway mulls allowing armed guards NORWAY'S government has announced that it will establish a parliamentary hearing to consider revoking its ban on the use of armed guards on Norwegian-flagged ships
NY-NJ box imports surge CONTAINER imports jumped 17.4% year on year in December at Port of New York & New Jersey
Sales of cars shipped to Japan again jump SALES OF vehicles shipped to Japan on car carriers jumped in February by 41.2% year-on-year, IHS Global Insight reported today
Top analyst jumps ship RESPECTED shipping analyst Jonathan Chappell is leaving JP Morgan to take a research position at investment bank Evercore Partners, Fairplay confirmed today
Libyan cash found on ship BOXES containing Libyan currency worth £100M ($139.68M) have been impounded from a ship at Harwich, the UK government said today
Glencore's profits jump GLENCORE International, the major Swiss charterer of drybulk tonnage, today reported a strong rise in revenues and net profits
Insurance could reflect Libyan dangers OWNERS with ships calling at Libya ' yesterday designated as a high-risk area ' might face higher insurance payments, Fairplay was told today
COSCO role affirmed in Greek logistics COSCO remains eager to participate in the tendering process that will create Greece's first-ever logistics park, the Greek shipping minister reportedly affirmed today
Beluga's bubble bursts GERMAN shipowner and project carrier Beluga is heading for a major restructuring after US investor Oaktree took over control of the group this week
China CSSC plans to raise 4Bn yuan CHINESE yard China CSSC said today it plans to raise 4Bn yuan ($608.9M) from selling 60M shares
CMA CGM 'optimistic' on intra-Asia FRENCH carrier CMA CGM told Fairplay today is upbeat on intra-Asia shipping, despite stiff competition and rising costs
Vote planned on Dover A DOVER town meeting has voted to hold a local referendum on the Dover People's Port plan for a community bid to buy the UK ferry port
Ferry strike threatens Corsican supplies CORSICA Transport Office director Francis Pian has told Fairplay that the island could run out of essential products if the SNCM ferry strike continues
Shippers attack box haulage proposals US SHIPPERS have warned regulators that proposed changes to box haulier driving hours in LA-LB would dramatically increase supply chain costs
FOE in floating fix Fred Olsen Energy keeps Borgsten Dolphin busy with $43.5m drilling contract.
FreeSeas tightens timeline Handy trio held for the hopper as Nasdaq-listed bulker owner waits for seller's market.
TDW settles suit Curtain falls on Nigerian ethics probe as New York-listed offshore owner pays $6.3m settlement.
Libyan cash cargo seized German ship returns over $160m in Libyan currency to UK after sanctions kybosh delivery plans.
Noble indulges at HHI New York-listed offshore contractor coughs up another $615m to build drillship in Korea.
Maersk ship cleared Danish multipurpose released in Angola after cargo of bullets probed.
FreeSeas shifts line-up Ion Varouxakis ready to shed handy bulkers as Nasdaq-listed owner falls short in the fourth.
Dragnis: 'Stop ordering' Goldenport director John Dragnis not planning any newbuildings but used bulker and box buys possible.
ESL bags supramax loan Finnish owner returns to Pohjola Bank to finance second new ship at Hyundai Mipo.
Dragnis seeks KLC fix Goldenport's John Dragnis reveals one affected supramax has over two years charter left with another "not in arrears".
Stolberg out of Beluga US fund Oaktree puts its man in charge as German heavy-lift owner's boss steps aside ahead of restructuring.
Cover for Libya excluded Port city fighting leads to London war risks underwriters removing country from annual cover.
Solstad to pocket $44m Options with four-year Petrobras supply ship charter could yet add to Norwegian owner's payday.
Chandris ship repels attack Armed security on Greek aframax beats off pirate assault in Arabian Sea as E R Schiffahrt boxship also escapes.
New5 in Numb3rs Glencore rings up a massive profit as Maersk Tankers, Frontline and Korea Line Corp count the dollars that have slipped away.
Hoegh ship refloated Hoegh Seoul pulled free off Bremerhaven by four tugs after grounding on Friday morning.
Evercore's dream team Analyst Jonathan Chappell abandons JP Morgan to join Mark Friedman, George Ackert and Hugh Baker at US advisory and restructuring firm.
Rockefeller: DOT report shows need for rail bill U.S. Senate Commerce Committee Chairman John D. "Jay" Rockefeller IV said a newstudy by the Transportation Department's Inspector General "provides important new evidence that big railroads are using their growing market power to squeeze concessions...
Cheers and jeers for Mexico truck pact The United States and Mexico have "found a clear path to resolving the dispute over trucking between our two countries," President Obama said Thursday at a joint press conference with Mexican President Felipe Calderon. "I look forward to consultin...
Decision 'evens playing field' for forwarders A recent Ninth Circuit Court of Appeals decision over an air cargo shipment "has evened the playing field for air freight forwarders when it comes to third party indemnity claims," says Peter D. Clark, a partner at Clark, Atcheson & Reisert. Clark...
Payne new president of NYK (North America) NYK Group (Americas) said this week it has named Bill Payne as president of NYK Line (North America) effective April 1. Payne has been the company's executive vice president and chief operating office the past two years, having joined NYK in 1989. ...
UASC leaves Maersk Europe/India loop Liner carrier United Arab Shipping Co. has left a Maersk Line service between Europe and the Indian Subcontinent, according to American Shipper affiliate ComPair Data. The ME1 service has a rotation of Felixstowe, Zeebrugge, Bremerhaven, Rotterdam,...
COSCO adds Asia/Europe emergency bunker fee COSCO Container Lines said this week it will begin assessing an emergency bunker surcharge on the Far East/Europe trade beginning March 15. The fee, $150 per TEU, applies to shipments in both directions and includes reefer cargo....
MSC changes Asia/Europe loops' eastbound legs Mediterranean Shipping Co. is realigning its network of four Asia/Europe services, the line said in a customer notice Thursday. The changes affect the eastbound rotations of MSC's standalone Silk, Lion, Dragon and Tiger services, with the revision...
Ports news PSA nets $1.3 billion in 2010Singapore-based global terminal operator PSA International said Friday it made $1.3 billion in operating profits in 2010, a 19.2 percent increase from 2009. India to raise $1 billion for portsIndia's shipping ministry i...
Broström initiates new tanker cooperation Maersk Tankers-owned Broström has initiated a new tanker cooperation with the Swedish owners Erik Thun AB, Rederi AB Gotland and Wisby Tankers AB to strengthen its 5,000'10,000 DWT
Danish controlled vessel fires upon pirates The Danish controlled vessel Brattingsborg was yesterday attacked by pirates in the Indian Ocean, but managed to escape as the pirates was met by counter fire from armed guards hired
Ems River released The German-owned bulk carrier Ems River that was hijacked some 175 nautical miles north east of Salalah, Oman, on December 27, last year has been released, EU Navfor reports
Former Danish ferry Spektrum now in Oslo The former Danish car ferry Broen (with the artist name Spektrum) has arrived at its first visit ever to Oslo and will stay for several months in the Norwegian capital
Prices head higher as week ends Crude futures reach two year highs on reports of violence near Libya's oil facilities.
Middle East IFO prices hold steady Prices firming in Cape Town.
Record numbers at IBIA Dinner IBIA says the event can grow still larger.
Bunker markets in Southern Europe show signs of softening Demand for products increases in Gibraltar and Piraeus.
Market abuzz with rumours after Beluga announces restructuring Bunker market players fearing bad debts; spokeswoman says company is not bankrupt.
Off-spec samples increase in Mediterranean and Black Sea region But Lintec Testing Services says 'majority of issues lie with aspects of quality that can be dealt with on board.'
Glencore profits soar by 40% Results from its energy sector, however, are down.
Tanker operator buys share in bio-fuel company Stolt-Nielsen says it is its 'duty' and in its 'interest' to develop alternative sources of energy.
MGO prices in Busan, HK breach $1,000 mark IFO prices, meanwhile, fall at most key ports.
Bominflot welcomes two new traders in Brazil Gabriel Pacheco and Tiago Falc'o join the company's trading team in Rio de Janeiro.
Bunker surveyor expands global operations Global Marine Inspections opens offices in Singapore, Algeciras and Durban.
US technology firm tackles marine diesel engine emissions 'Unique' environmental equipment' to be tested, says EnerTeck Corporation.
WFS, Cosmoship ordered to release Korea Line's bunkers Meanwhile, German shipowner Oldendorff seeks to take possession of bunkers it purchased on board a Korea Line vessel.
South China weekly fuel oil stocks increase Volumes estimated to be between 1.78 to 1.80 million mt in the week ending March 2, 2011.
Analysts maintain Aegean's 'hold' ratings Unclear whether improved margins in 'low-competition areas' will offset reductions in volume, says Dahlman Rose.
Japan to see 'sluggish' bunker demand in March High bunker prices discourage buying at Japanese ports, say traders.
Sinopec to become China's No.1 bonded bunker oil supplier? The supplier's sales target 'close' to that of Chimbusco.
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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