Maritime Week to draw record numbers Singapore Maritime Week (SMW) is expecting 17,000 participants days before the event is set to start on Apr 10. So robust has been the response that its organiser - the Maritime and Port Authority of Singapore (MPA) - has already set the dates for SMW in 2012.
Looking to a yacht upswing Major yacht dealer and broker Simpson Marine is looking forward to returning to the good old pre-recession times.
Maersk orders 2 drillships from Samsung Heavy The drilling rig arm of Danish shipping and oil group AP Moller-Maersk has ordered two deepwater drilling vessels for nearly US$1.3 billion from Samsung Heavy Industries of Korea.
Panama investing in airport Panama wants to develop its capital's international airport into the central transportation hub in the centre of the American continent. The scheme is intended to encourage the gia...
Damco lands new cross-border transport contracts to Cambodia Damco has clinched two contracts to handle cross-border transport to Cambodia for Unilever, a world-leading producer of fast-moving consumer goods. With the appointment, Damco will...
Scania launches Euro 6 truck The truck maker Scania has rolled a new Euro 6 compliant engine that is designed to give the same performance and fuel efficiency as its Euro 5 counterpart. The 440 and 480 hp Euro...
Union Pacific launches new transloading service for agri-products customers The US-based rail transport service provider Union Pacific Railroad has launched a new plant-to-port transportation and transload programme that provides customer product transfer ...
Lanxess uses rail transport to lighten carbon footprint by 75 % The specialty chemicals group Lanxess has become the fifth customer in the past year to use the CO2-free offer Eco Plus provided by DB Schenker Rail. Leverkusen (Germany)-based Lan...
High-ranking Korean delegation visits Luka Koper HE Kim Jae-shin, deputy foreign minister of the Republic of Korea, an important market for Luka Koper, headed a Korean delegation which recently visited the Slovenian port. Given t...
Gefco inks agreement to acquire 70% of Gruppo Mercurio SpA Gefco, a 100 % affiliate of PSA Peugeot Citro'n, has signed an agreement with the Italian fund Venice, controlled by Palladio Finanziaria, and RP3 fund to acquire their 70% stake i...
Saudi Airlines Cargo hikes investments in domestic hubs Saudi Airlines Cargo Company plans to increase its investment in domestic stations to SAR 67.6 million (EUR 12.6 million), the company's chairman Engineer Khaled Al-Molhem announce...
Emirates SkyCargo completes first 100% paperless freighter flight Emirates SkyCargo, the freight division of UAE-based Emirates airline, has marked a milestone with its inaugural 100% paperless freighter flight between Nairobi (Kenya) and Amsterd...
Mark Newman new CEO of Wim Bosman Group The 's-Heerenberg (Netherlands)-based Wim Bosman Group has appointed Mark Newman as its CEO as of April 2011. Newman succeeds Eng. W.P. Bosman, who will join the group's ...
New ADR container transport service at TDG The British road haulier TDG has introduced a new container service from its Thurrock depot (UK) for existing and new customers moving containers under ADR Regulations. 20-foot and...
K Line acquires 100% ownership of SAL Group The Japanese shipping company Kawasaki Kisen Kaisha (K Line), which already held a 50% stake in the SAL Group via the former's European subsidiary company, has reached a basic...
Award for Grimaldi Group The Grimaldi Group (Italy) was recognized by General Motors as a "2010 world class global automotive supplier of the year" for its significant contributions to the c...
Gefco and SRR set up joint venture in Latvia The French service provider Gefco and the Latvian railway SRR want to jointly offer multimodal transport solutions between Europe and Central Asia. To this end, the two compan...
Martin Bencher Group opens a new office in Marseille The Martin Bencher Group, a professional shipping and forwarding service provider, opened a new office in Marseille (France) on 1 April. The facility is a joint venture between Mar...
Dachser sees substantial growth in sales in 2010 Dachser, an international logistics company based in Kempten (Germany), benefited greatly from last year's economic growth and was able to create many new jobs. In fiscal 2010, sal...
Clarksons warns of risks resulting from failure to keep track of box fleet changes Failure to take full account of containership delivery delays and cancellations could have resulted in misguided business decisions, a leading industry analyst warned this week.
Vessel influx drives down rates for West Africa VLCCs Very large crude carrier rates have tumbled on the route from West Africa to the US Gulf after owners ballasted there from the Middle East where earnings for shipments to Asia hit 18-month lows earlier this week
Höegh LNG unveils plans to invest $1bn in FRSUs Norwegian shipowner in order for two vessels and four options at Hyundai Heavy Industries
Holidays fuel downward pressure on charter rates Hamburg Süd's 4,294 teu Cap Gilbert taken for three to four months as relet at $25,900 per day
Flurry of finance for listed companies Investors focus on sectors where prospects remain relatively bright
Fuel price gap is unavoidable Slow steaming and alternative fuels not enough to stop a significant price gap emerging between residual and distillate fuel
Why independent boxship owners are snubbing long-term charters As the market begins to improve, containership owners are refusing to re-charter their vessels for periods of more than six months to two years at a time
Snapshot of container shipping industry Robust trade has brought volumes back to around levels seen in 2007-2008, after severe dip in 2009
US shippers renew antitrust calls New proposals to end liner immunity less radical than previous draft legislation
CMA CGM closes in on $800m bond issue Liner giant gets poor provisional rating from credit agency Moody's
Why shipping needs its own Richard Branson Shipping needs somebody who can engage and circulate confidently, and easily straddle business and politics
V.Ships in talks with potential investors V.Group seeks new money to help with ambitious plans to expand its presence in new markets
Keeping it civil on conferences Shippers and carriers should ensure relations do not sink to the depths amid renewed calls to end liner antitrust immunity in the US
Play the market The supercharged optimism of the capital markets has gone, yet investors need to park their money somewhere. So why not shipping?
HCI Hammonia beats profit forecast Latest calculations put German ship finance vehicle's 2010 profit at $7m
Safe Bulkers inks two panamax orders in Japan Clinches newbuilding orders at "attractive prices" with top Japanese yard
Shippers welcome FMC move to facilitate trade Shift will benefit US and global economy
Shipowners key to easing tonnage glut BIMCO analyst says owners must not be tempted by low newbuilding prices
Oil price spike threatening trade growth World economy back on track but recent sharp rise in crude oil prices a major risk factor
Scorpio plays waiting game on ship buys Better deals likely in months ahead, tanker company says as fifth charter-in joins fleet
Finnlines issues profit warning Finnsteve strikes, harsh winter and rising bunker prices expected to drag shortsea operator to loss
ICTSI inks India box terminal deal Signs joint-venture with L&T Shipbuilding to operate new terminal near Chennai
Libya oil export tanker loading delayed Equator, chartered by Vitol, faces two-week delay, according to fresh broker reports
Grimsby gets nod to build ro-ro berth Wins planning approval to develop a dedicated two berth ro-ro riverside terminal
Horizon, Pasha Hawaii hike Hawaii fuel surcharges Oil price spike continues to put pressure on Jones Act liner shipping sector
Maersk Drilling places $1.3bn order for two drillships at Samsung Contract for Maersk's first ultra-deepwater vessels comes with options for two more
DP World to propose share consolidation at AGM Port operator says one to 20 consolidation would better reflect value of company
Japan radiation could hit Europe port throughput Cargo insurers confident of their coverage in terms of port's refusal to allow the cargoes to land
150 migrants sought off Italian island SEARCHERS are looking today for 150 migrants reported missing in the Mediterranean after their boat capsized off the Italian island of Lampedusa
Fearnleys warns on Panamax rates PANAMAX bulker rates in the Atlantic Basin are continuing to fall, with limited new business and more open tonnage around, Fearnleys said today
Capesizes fall 7.2% more THE BDI today fell to the lowest level in almost a month, with vessels far outnumbering demand
US sees more box transhipment DEMAND for import and export shortsea box transhipment between US ports will likely increase when the Panama Canal expansion opens in 2014, a report has predicted
V.Group discloses talks V.GROUP, which owns UK ship management giant V.Ships, has concluded a review with the aid of investment bank Lazard and is in talks with potential partners
Logistics sector learns from recession THE RECESSION has forced logistics providers to improve their services and taught them that customers are looking for quality, Fairplay was told today
Box newcomer touts war chest PARAGON spin-off Box Ships emphasised its potential for additional acquisitions in an IPO road show presentation made public today
India bars food shipments from Japan INDIA has become the first country to impose a blanket ban on food shipments from Japan because of radiation concerns, IHS Global Insight reported today
Grounded crew evacuated A BULKER'S crew has been evacuated after the ship grounded in southern India
Paris flags up failure FRANCE has expressed irritation over its international register's inability to attract more ships to the national flag
DPW reveals share consolidation plan DUBAI Ports World announced today that it is planning a share consolidation aimed at positioning its share price in a way that "better reflects" the company's value
Sarkozy launches Seine Nord contest FRENCH president Nicolas Sarkozy has allayed concerns about the government's support for the Seine-Nord Europe Canal by announcing the final selection process for its key contract
Singapore holds off on monitoring SINGAPORE is holding off on checking Japanese imports for radiation, Fairplay was told today
Canada farmers slam buys GRAIN farmers in western Canada have told Fairplay that they are unhappy with the purchase of two bulkers by the Canadian Wheat Board
Sarkozy told: take whip hand on pirates FRENCH shipowners have called on President Nicolas Sarkozy to press for stronger international action against pirate attacks
Puerto Rico Lines Settle With Indirect Purchasers Three U.S. mainland-Puerto Rico carriers agreed to pay $5.3 million to settle claims with plaintiffs who said they paid inflated...
UPS Aircraft Mechanics Ratify Labor Contract Aircraft mechanics represented by the International Brotherhood of Teamsters Wednesday voted overwhelmingly to ratify a labor agreement with UPS. ...
Final Stimulus Work Starts Near Otay Mesa Port A final $17.9 million in stimulus grant-funded road work is getting underway near San Diego, as part of a huge...
Integrated Freight Buys Cross Creek Trucking Long-haul and regional trucking operator Integrated Freight acquired Cross Creek Trucking of Medford, Ore., extending its reach to the Pacific...
Labor Accord Clears Way for US-Colombia Trade Pact An accord between the U.S. and Colombia on labor protections and legal reforms in that country means President Obama can...
FRA Bans Electronic Devices on Trains The Federal Railroad Administration's permanent ban on use of electronic devices, including cellphones, became effective March 28, as posted in...
Freight Index Reports Shipments Up 6.9 Percent Freight shipments jumped 6.9 percent in March, with tonnage increasing across transportation modes, according to the Cass Freight Index. ...
180,000 Truck Shortfall Predicted for 2012 The surge in orders for heavy trucks isn't big enough to prevent a shortfall in available truck capacity in 2011...
Flood of Applicants Seek $10 Billion in Rail Grants The Obama administration's embattled passenger rail program got a solid line of endorsements this week, when applications poured in seeking...
Heavy Truck Orders Rebound in March Net orders for heavy trucks jumped 20.2 percent in March to 29,200 units, the largest monthly order number since May...
Union Pacific to Build New Mexico Terminals With New Mexico Gov. Susana Martinez signing a law Tuesday that gives Union Pacific Railroad an exemption from state fuel...
DP World Plans Reverse Stock Split DP World, the global container terminal operator, said it will seek shareholders approval for a one-for-20 reverse stock split in...
Moody's Rates CMA CGM Again Moody's assigned a provisional Ba3 rating to CMA CGM and judged the outlook for the world's third largest ocean container...
Houston OKs nearly $35 million for Bayport The Port of Houston Authority awarded nearly $35 million in contracts for design and construction of additional entry and exit...
Maritime Industry Seeks Chassis Business Model Ocean carriers are committed to ending the 50-year-old practice of supplying chassis to their customers in the U.S., but industry...
USMEF appoints Julca to South American manager The U.S. Meat Export Federation has appointed Jessica Julca to manage the South America region. Julca will be based in Lima, Peru. She has more than 10 years of food industry experience in Peru. "We are continually looking at regions where the comb...
RILA, CargoNet heighten cargo theft focus The Retail Industry Leaders Association and CargoNet have formed an exclusive alliance to combat the increasing problem of cargo theft across the retail industry. According to the 2010 United States Cargo Theft Report issued by CargoNet, reported ...
DHL takes logistics aim at Africa DHL said it will renew its focus on Africa by helping to ease the movement of goods within and out of the quickly emerging continent and boost trade within regional economies. In Africa, DHL will increase its focus on industry sectors such as oil ...
Census could revise AES rulemaking The U.S. Census Bureau is considering revising a couple provisions of its January proposal to change export-filing requirements, Omari Wooden, the agency''s trade ombudsman, said Tuesday. Based on industry comments to theproposed rulemaking , the F...
Ryder completes BIT acquisition Ryder System has completed the acquisition of BIT Leasing, a privately owned truck leasing and fleet services company based in Hayward, Calif. The acquisition was completed in two phases; the first phase completed in August 2010 and the final phase...
UP to build rail terminal in New Mexico Union Pacific Railroad said it will begin building an intermodal rail terminal near Santa Teresa, N.M., in June. The railroad said the decision follows New Mexico Gov. Susana Martinez signing a law a granting Union Pacific a locomotive fuel tax ded...
American starts direct cargo services American Airlines Cargo has started direct services between Shanghai and Los Angeles, and Budapest/New York. The Fort Worth, Texas-based carrier said it's also resuming seasonal service between Dublin and Chicago. "This exciting new service betwee...
DOT sends marine highways report to Congress U.S. Transportation Department on Tuesday released a report that it said would serve as a roadmap to the future in creating and further strengthening the nation's marine highways. Prepared by the DOT's Maritime Administration, the 84-page report,A...
Congress told border crossings need upgrade Border crossings between the United States and Mexico have fallen into disrepair and are in need of upgrading, McAllen, Texas, Mayor Richard Cortez told the U.S. House of Representatives Subcommittee on Border and Maritime Security on Tuesday. "We...
US crude inventory rises again A two million-barrel gain in US stockpiles was projected.
Fujairah market firm In Cape Town, MGO deliveries available for supply April 9-20.
Fresh doubts about LNG's climate benefits Figures from Norway confirm LNG as fuel eliminates sulphur emissions and cuts NOx drastically, but methane leakage said to negate CO2 benefit.
Bunker markets continue to firm Strikes push up prices in Piraeus, according to reports.
Dry bulk operator building 'fuel efficient' fleet Newbuilds will be competitive 'even in relatively weak markets.'
Spain cracks down on discharges of oily water Country has shaken off 'helplessness and fatalism' in struggle against marine pollution,' says prosecutor.
New system detects early signs of hull fouling Hull Medic 'reviews 100,000s of a ship's data records per month.'
ExxonMobil offers second high viscosity parcel Parcel expected to be sold at a discount of $25-27 pmt or lower.
Prices increase at major ports mid-week Demand for bunkers generally low on Wednesday.
Vessel lay-ups provide 'very significant savings' in fuel costs Operational costs can be reduced by as much as 90%, according to managing director of former BP Group's lay-up unit.
MOL trim system increases fuel efficiency by up to 4% Optimum trim system, developed with a Japanese research agency, 'successfully tested' on a 6,400 unit car carrier.
French ferry operator chooses dual fuel LNG newbuilds Partnership with STX France will develop new 'green' passenger ferry.
Brightoil starts bunker trading in Tokyo Offering 380 cSt and 500 cSt bunker products in Tokyo Bay.
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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