South Korean shipyards undergo revamp South Korea's shipbuilding industry has been under massive restructuring since 2006 as global shipbuilders are undergoing one of the biggest structural changes in their history.
Indonesian minister ends delay in coal exports Indonesian Energy and Mineral Resources Minister Darwin Zahedy Saleh said that there should no longer be any 'disturbances' affecting coal exports as licensing problems that had caused shipping delays in recent weeks have been settled, local media reported yesterday.
Cyclone Yasi spares Aussie coal industry Australia's coal industry, still recovering from devastating floods in Queensland, was largely spared by Cyclone Yasi last week, with both mines and coal export ports that were shut due to the cyclone back online by yesterday.
Iata, Icao and OAG provide latest hazmat by air regulations online Airlines, freight forwarders and shippers can now gain faster access to the latest regulations and information for the carriage of dangerous goods by air with the launch of DG Onli...
BA/Iberia holding company IAG reports improved cargo figures The International Airlines Group, a new holding company established after the merger of British Airways and Iberia was completed in January, has published its first monthly traffic...
Boeing marks B767 milestone with rollout of 1,000th unit Boeing marked a proud moment in the company's history recently with the ceremonial rollout of its 1,000th B767. Hundreds of employees were joined by retired workers who worked on t...
DB Schenker environmental management certified by ISO in Oceania DB Schenker has achieved ISO 14001:2004 certification for its 14 logistics centres in Australia and New Zealand. In line with DB Schenker's global environment programme Schenker Au...
12% more Czech toll defaulters last year The number of Czech truck drivers who failed to pay their tolls last year increased by 12% to more than 39,000 culprits. They paid CZK 31.8 million (approximately EUR 1.3 million) ...
Röhlig increases ebit and consolidated gross profit in 2010 Röhlig, a Bremen-based German logistics service provider, has released its preliminary figures for fiscal 2010, which show that it increased its earnings before interest and taxes ...
Logwin now 100% owner of its Turkish branch The global logistics service provider Logwin, based in Grevenmacher (Luxembourg), has taken over all of the remaining shares in its Turkish branch. Logwin previously held 75% of th...
Azerbaijan-Turkey railway making good progress More than half of the work on the Baku-Tbilisi-Kars railway project (BTK) has been completed in Turkey. The BTK railway will be completed by the end of 2012. It is expected to carr...
Daimler Trucks pushing hybrid electric vehicles in North America Daimler Trucks North America (DTNA) has marked the production of its 1,000th hybrid electric vehicle. DTNA further demonstrated its leadership in hybrid technologies with an announ...
Stephen Flowers to head global forwarding for UPS UPS has named Stephen D. Flowers as the president of UPS Global Freight Forwarding. Flowers was previously the head of UPS's Americas region. In his new logistics role he will be i...
Fret SNCF passes quality and safety test with flying colours Fret SNCF, the freight arm of the French national railway SNCF, has once again undergone a quality and safety test by Afnor, a French product, service and management system certifi...
Maersk Line and K+N seal massive annual contract Kuehne + Nagel has put pen to a contract worth 597,000 teu to Maersk Line - enough to fill the "Emma Maersk" every week for the next nine months. The commitment from Kueh...
HHLA did well in 2010 The German port handling company Hamburger Hafen und Logistik AG (HHLA) benefited from the economic recovery in 2010 and improved its container throughput by 19% to 5.8 million sta...
Containers transit Vostochny between Pusan and Poland The first transit containers from the South Korean port of Pusan bound for Poland were transhipped at the container terminal in the port of Vostochny recently. The shipments were d...
Moby Dik and the Chandler group team up Moby Dik, a Global Ports Group container terminal in Kronstadt, a Russian city located 30 km west of St Petersburg, is about to complete the dispatch to Smolensk of the first consi...
US equity firm linked to $208m deal for three suezmaxes Principal Maritime Management pays $69.5m each for tankers from NS Lemos and is reported to have bought a fourth suezmax
MR tanker values holding steady Values of medium range tankers have begun to steady, with a 2006-built tanker selling for $27m
Unigas orders six LPG vessels from STX Shipbuilding UNIGAS International, a Dutch-based consortium operating a pool of 29 liquefied petroleum gas carriers, has ordered six LPG carriers that also have the capacity to carry the petrochemical gas ethylene, from STX Shipbuilding in South Korea
CMA CGM nets over $100m from sale of 5,000 teu containership pair French container line CMA-CGM has reportedly sold two 5,000 teu containerships for $52.5m each to undisclosed Greek buyers with a three-year time charter back at $23,000 daily
Propane price falls knock LPG carrier demand New Saudi Arabian pricing arrests trading interest from Asia
BDI edges up as panamax rates rise The Baltic Dry index rose by two points to 1,045 today, reflecting an improvement in rates for panamax vessels that saw average time charter rates rise $374 to $11,160 per day
Islamic P&I Club denies IRISL cover Says it has never provided P&I covers to Iranian carrier after sanctions were introduced
Zim launches new Caribbean feeder service To deploy two 500 teu-700 teu vessels on Mexico-Florida route
Port state control failings add to statistical aberration
Hefty fall in ship casualties hides eastern Mediterranean black spot Exclusive analysis shows unprofitable shipping rates and more stringent port state control inspections are behind declines in ship casualties
What happened to the financial crisis? The fundamental causes of the current financial crises need to be understood in order to formulate the remedies for the next one
New technology raises questions over role of bridge teams Recommendations that shipping should learn from the aviation industry for bridge layout and navigator training
Test beds show how shipowners can benefit Electronic information between ship and shore can make life easier and safer
Small steps forward will keep e-navigation on course Industry warned that owners will ignore e-navigationsystems unless they can see clear operational and commercial benefits
Coustas elected new Helmepa chairman Danaos boss takes the place of Vassilis Konstantakopoulos who died last month
Louis Cruises says ditching Greek flag 'a matter of survival' Cruiseship owner unable to face such steep and unfair competition
Dry bulk faces more catastrophic bankruptcies Companies' balance sheets worse than they were during peak of 2008 crisis
Punctuality deteriorating on Asia-Europe trades Big carriers caught out by unusually bad weather and port disruptions, according to latest Drewry report
IMO urges speedy ratification of new ballast rules Only 25.3% of the world's gross tonnage have ratified Ballast Water Management Convention
Transpacific lines talk down overcapacity risk Owners insist additional ships will be well-utilised as annual contract negotiations loom
Hamburg forecasts 10% rise 2011 cargo handling Port's market share set to grow despite losing out to Rotterdam and Antwerp
Goldenport divulges Korea Line exposure Paris Dragnis-led company said two of its operating fleet of 22 ships were chartered to Korea Line
UK coastguard cuts to hit port state checks Unions fear cutbacks will have negative impact on ability to comply with global regulations
Spike in northern sea route registrations Owners look to North Sea passage to avoid Somali piracy and the possible spread of political upheaval in key trade lanes
Marseilles cargo-handling up despite crippling strikes Dry bulk and container traffic boost weak liquid bulk volumes as a result of a month-long strike at the oil and gas terminals
Kuehne + Nagel rejects freight derivatives Joins growing list of big names that have given the thumbs down to paper trades market
SCI profits jump 41% HIGHER income from operations and lower employee costs have helped Shipping Corp of India post a 41% year-on-year rise in quarterly net profits
Suez closure impact weighed OIL PRICES could reach $120 a barrel if unrest in Egypt led to a halt to crude oil shipments through the Suez Canal, Bank of America Merrill Lynch has predicted
Timchenko said to seek Murmansk RUSSIAN businessman Gennady Timchenko is reportedly considering the purchase of ailing Murmansk port on the Barents Sea
Box volumes rise 18% at Philadelphia NEW CUSTOMERS helped boost box business by 18% year on year at the Port of Philadelphia in 2010, despite the sluggish economy
Israel hurries LNG plan ISRAEL'S government has reportedly indicated that the unrest in Egypt has prompted it to speed up plans to build an offshore platform for regasifying LNG
Moby Lines prepares to halt service ITALIAN ferry operator Moby Lines has warned that it is preparing to suspend its service between Corsica and the French port of Toulon
SNCM ferry strike enters second week FRENCH ferry operator SNCM told Fairplay today that its seafarers have begun their second week of strikes over plans to reduce sailings between Corsica and Nice
Hamburg handles more boxes in 2010 HAMBURG's container throughput returned to growth last year, but the port was unable to regain market share from Benelux competitors Rotterdam and Antwerp
Analysts see mixed outlook for BDI ANALYSTS are sanguine about the short-term performance of the Baltic Dry Index, which finished last week only slightly lower
Products pick-up seen CHINESE charterers are returning to their desks after New Year celebrations, sparking hopes that more cargo will hit the products tanker market, according to Galbraith's
Patrick, unions talk again THE MARITIME Union of Australia has called off further strikes at Melbourne's Webb Dock and re-opened enterprise agreement negotiations with stevedore Patrick
Chemoil forecast hits shares SHARES in Singapore-listed bunker supplier Chemoil dropped today after it announced that it expects to report net losses for 4Q10 due to a write-off at one of its units
Fortescue backs two port strategy in West Oz FORTESCUE Metals Group has reportedly confirmed that it will push ahead as lead developer of a new Western Australian iron ore port at Anketell Point
Five charged over protest FIVE GREENPEACE activists have been charged after bolting themselves to a bulker anchored off New Zealand's Port Taranaki in a protest against farmers' use of palm kernel
VLCC owners hit by fuel costs BROKERS told Fairplay today that recent increases in VLCC spot rates on the Arabian Gulf-Asia route are not pleasing owners as they are the result of rising bunker prices.
Grain Dominates U.S. Exports to Egypt, Analysis Shows The greatest threat to U.S. trade from the ongoing turmoil in Egypt comes from the impact on operations at the...
Pyne Outlines Plans for American Feeder Lines (Video) Percy R. Pyne IV, chairman and founding partner, American Feeder Lines, discusses plans for AFL's coastwise container service.
Diesel Surges 7.5 Cents to Top $3.50 in 10th Straight Increase In the 10th consecutive week of climbing prices, retail diesel jumped 7.5 cents last week to an average of $3.513...
President Renews Call for Infrastructure Investment President Obama on Monday carried forward themes of innovation, education and infrastructure construction to turn the U.S. from a consumer...
LA Port Police Nab Counterfeit iPhones Los Angeles Port Police Monday announced the results of a sting operation that netted more than $10 million in counterfeit...
Truckload Carriers Slow Capacity Decline Truck capacity at a group of five large truckload carriers appeared to stabilize at the end of 2010, after dropping...
India's SCI Profit Grew 40 Percent A significant turnaround in the liner segment coupled with tight cost controls helped state-owned Shipping Corporation of India boost net...
January Heavy Truck Orders Soar 320 Percent A preliminary report shows heavy truck orders rose 320 percent year-over-year in January, as motor carriers traded in aging pre-recession...
Hapag-Lloyd Getting Out of Chassis Business Hapag-Lloyd said Monday it will phase out of the business of providing chassis for merchant haulage at ports and at...
Maersk Scores No. 1 in Drewry On-Time Report Maersk, APL and Hyundai Merchant Marine scored best in on-time reliability among container lines in the fourth quarter, according to...
Dockwise Signs Hyundai for Giant Heavy-Lift Ship Dockwise signed a $240 million contract with Hyundai Heavy Industries to build the world's largest heavy-lift vessel. The Korean...
Indian Forces Foil Attack, Capture Pirates The Indian Navy and Coast Guard foiled yet another pirate attack and captured a group of Somali pirates Sunday morning...
Ramping Up Rates Truckload carriers are rolling out of a strong fourth quarter ready to raise rates. Whether shippers are ready to pay...
Better Cube, More Capacity As Con-way Truckload shifts capacity to external customers, the Con-way Freight less-than-truckload business is finding more capacity in its fleet...
Con-way Truckload's New Mix Con-way Truckload is striking a new balance with its big less-than-truckload sister company, Con-way Freight, repositioning capacity to capture freight....
Tall Plans for Short-Sea Percy Pyne IV is a New York real estate magnate accustomed to thinking big. In the 1990s, he began noodling...
Texas Draw It may be new information for some reading this column that Houston is the largest port in the U.S., and...
Size, Weight and Truck Pricing Q: As I'm sure you're aware, the National Classification Board has approved a change in the classification of clothing from...
One Bigger Warehouse ProLogis and AMB Property will combine their business, but what they really need is for the logistics market itself to...
Saade Back at the Helm Jacques Saade's return to the helm of French ocean carrier CMA CGM completes a Lazarus-like revival of a company tipped...
Jaxport's Terminal Velocity Hanjin Shipping's planned terminal at the Port of Jacksonville is several years from being completed but it's already busy with...
Changes for Chassis May 1 will mark a milestone for importers in the U.S.-Asia trade. Many of the 2011-2012 service contracts they sign...
Growth in the Slow Lane The slow-steaming of vessels on long trade routes may have helped shipping lines slash fuel costs and absorb excess capacity,...
Knowledge Is Power One could be excused for thinking the start of 2011 provides an opportunity to sit back and reflect upon another...
Getting Small-Minded on Exports The Export-Import Bank of the United States is accelerating its efforts to get small businesses in the export game, but...
FMCSA Targets the Paper Chase With three major truck safety initiatives under way, the Department of Transportation is pursuing an ambitious plan to reshape not...
Rail Bills Resurface Let the legislative games begin: Even before federal rail regulators start what is likely to be a long, hard slog...
No, Virginia ... One of the storied exchanges in American journalism took place in the New York Sun in September 1897 when eight-year-old...
Florida's PPP-erfect Score It's been five years since the Florida Department of Transportation first ventured into private financing for public infrastructure, and it...
Fast Tracks for Embattled Rail Plan If anyone thought President Obama would tuck his embattled intercity passenger rail program into a bureaucratic corner and see it...
Doubling Down on Infrastructure For everyone from truckers to railroads to port operators who wondered when Washington might finally decide to craft new long-term...
Time, Money The history of shipping, in whatever form of transportation you might mention, has been all about speeding things up. ...
Ryder Buys Total Logistics Control Ryder System has acquired Holland, Mich.-based Total Logistic Control, a subsidiary of national grocer SUPERVALU. TLC is a provider...
UPS Expands Health Care Network UPS is expanding its network of health care distribution by adding new facilities in Singapore; Venlo, Netherlands; Burlington, Canada; and...
Kuehne + Nagel Expands Perishables Network Kuehne + Nagel is expanding its South American perishables network by acquiring three companies that together handle about 75,000...
Air Cargo Container Company Opens European Depot Active CC Boxes has opened a depot Frankfurt, Germany, to handle its Kodiak™ reusable shipping containers, cutting repositioning costs for...
Florida Growers to Study China's Citrus Sector Concerned about looming completion, the Florida Citrus Commission has commissioned a three-year, $174,941 study to determine if China's growing citrus...
US Fruit Ripe for Marketing in China U.S. growers are in a good position to gain market share in China's fast-growing fresh fruit market, but will need...
Ensuring Food Safety Food importers will be looking more closely at their foreign suppliers ' a new food safety measure signed into law...
Recipe for Exports? Take droughts and floods, add an improving global economy and increasing numbers of middle-class consumers, then mix in several animal...
South America Bears Fruit President Obama's plans to visit Brazil and Chile in March are bringing renewed media attention to the region, but South...
Technology or Service? As the global economy recovers from a two-year case of the trade flu, carriers and shippers alike are seeking more...
Slow Burn Fresh off its lengthy and secret study of container availability, the Federal Maritime Commission has a new investigative target in...
CNY 4708: a time for negotiation Gung ho fat choy: A Happy [Chinese] New Year [CNY] to one sixth of the world's population. The Year of the Golden Rabbit began on February 3 - succeeding the Year of the Tiger, which had clawed, and then roared, its way through a spectacular turnaround in world trade, and not least a dollar-dripping return to profitability for the nigh-bankrupt liners of 2009.
TSA to 'stabilise' rates and 'rebuild' relationships
Beluga drafts piracy charge German heavylift giant says "the time has come" for customers to share financial fallout fuelled by piracy plague.
Ensco acquires Pride Shares in US drillship owner surge 15% as UK contractor forges $7.3bn partnership paid with cash and stock.
Conoco calls Subsea 7 Oslo-listed offshore outfit clinches $75m engineering, procurement and installation deal in the North Sea.
Transpetro's talent search Sergio Machado-led tanker titan looks to poach 342 officers from local competitors and academies as it prepares for expansion.
Sydney terminal receives backing New South Wales government approves controversial plan for cruiseship facility beyond Harbour Bridge.
Wind win for STX Korean builder bags order for wind turbine installation vessel from London-based Gaoh Offshore.
Dahlman downs dry five Dry-bulk downturn fuels balance sheet concerns as analyst cuts ratings on Genco, Eagle Bulk and Navios Holdings, among others.
Vitol signs for storage Trading giant takes Western Shipping's Ellie Lady for up to two months to park gasoil.
Charges hammer Bharati Indian shipbuilder sees third-quarter profit drop as increased sales wiped out by finance and interest costs.
Sickness hits Solstice US cruiseship arrives in Port Everglades with 120 ill passengers and crew.
Boxship crewman injured Doctor stitches up Turkish seafarer whose face was lacerated in grinder accident.
Tallink passenger lost Latvian man dies in plunge from Silja Festival en route to Riga.
Ship sinks in storm All 11 crew saved after Ukraine's Gregoriy Petrovskiy goes down at Poti in Georgia.
SCI makes more in third Sabyasachi Hajara-led Indian owner sees bulker sales dip but overall performance improve on liner rates.
Obama reaches out to business Obama President Barack Obama travels across Lafayette Square today to address the U.S. Chamber of Commerce, the nation's top business lobbying group and a strong critic of many Obama administration policies. In recent weeks Obama has signaled a mor...
Handoush leaves Landstar as co-COO Jim Handoush resigned as co-chief operating officer of Landstar System Inc. on Feb. 1, the highway carrier said in a filing to the Securities and Exchange Commission. The Jacksonville, Fla., company said it has agreed to pay Handoush one year's sa...
Zim starts Tampa/Mexico/Kingston feeder Zim said Monday it has started a new service between Mexico, Jamaica and Florida. The MTX service will connect Zim's regional hub in Kingston to Tampa, Altamira and Veracruz. Rotation will be Kingston, Veracruz, Altamira, Tampa and Kingston. It wil...
IBIA names Fook Sing head of Asia region The International Bunker Industry Association has appointed Kwok Fook Sing as regional manager of its Asia branch in Singapore. Fook Sing, a 20-year maritime industry veteran, will be responsible for technical support to members, both regionally an...
IICL names Younger chairman The Institute of International Container Lessors has elected Peter Younger, chief executive officer and president of Cronos Ltd., to chairman for 2011. He succeeds Joseph Kwok of SeaCube Containers. Younger has served as Cronos' CEO since 2007 and...
Maersk doubles Manzanillo calls on WCSA/USEC Maersk Line said last week it is amending the service rotation of a loop connecting the West Coast of South America with the U.S. East Coast to include double calls in the Panamanian transshipments hubs of Manzanillo and Balboa. The new rotation o...
Unions agree to make concessions to Horizon Leaders of the two unions representing deck and engine room officers say they have agreed to make an offer of "contractual relief" to Horizon Lines. A memo to union members signed by Tim Brown and Mike Jewell, presidents of the Masters, Mates and ...
TSA: 2011 Demand, supply to be in line Transpacific Stabilization Agreement carriers said Friday they see containerized cargo demand in 2011 being 'roughly in line with new vessel capacity entering the Asia/U.S. trade lane over that period.' Downplaying worries by analysts that capacit...
Royal Arctic Line orders five at P+S Werft Greenland's Royal Arctic Line has ordered five newbuildings at P+S Werft in Germany for delivery in 2012. The largest vessel will have a capacity of 606 TEUs and will
First Chinese built tug to Svitzer Scandinavia The Chinese built tug Svitzer Tyr is now in operation in Scandinavia after a long delivery voyage from Qingdao. The tug is stationed in the G'teborg area. The Svitzer Tyr
Egypt exports down six per cent Egyptian exports fell six per cent in January due to the mass protests and following curfew, reports Reuters, quoting the Egypt trade minister Samiha Fawzi Ibrahim. The country exports amounted
IMO receives single largest payment from member state Liberia has paid IMO USD 4.52 million in an annual assessment contribution for 2011, this is the single largest payment the maritime organisation has received at one time from
Indian Navy captures 28 pirates The Indian Navy captured 28 pirates and freed 24 hostages on February 6, about 100 nautical miles off Kavaratti. The Naval Command deployed off Kavaratti received information regarding an attack
Fujairah bunker prices stable Some players in Fujairah are presently facing 'congested schedules'.
Low-density fuel oil cargo commands 'record' price-premium 'Unbelievable' numbers show 'just how short' the market is on low density product.
Prices fall in Rotterdam Little market activity in Gibraltar despite some prices dropping double digits.
IMO continues work on rules for gas-fuelled ships Developing code of safety will support IMO's 'ongoing endeavours' to reduce harmful emissions from shipping, says Mitropoulos.
IBIA strengthens its presence in Singapore Kwok Fook Sing will give members technical support and help develop IBIA's training courses.
Fujairah bunker prices soar above Singapore Bunkerworld data shows $25 pmt differential for 380 cSt product.
Rosneft bunker sales surge year-on-year Russian reports say oil major sold 2 million mt of bunker fuel in 2009.
Prices firm up on week start Tight supplies in Singapore see players using 180 cSt material as cutter stock.
Oakland port gets $5 million for shore power startup Grant 'big help' in getting project started but much more funding needed, says port projects administrator.
Bominflot expands physical presence in South America Bunker deliveries in Callao, Peru, started last month.
Pertamina eyes cruise sector to boost bunker sales Pertamina expects sales of 15,000-30,000 mt of bunkers to cruise ships this year.
Major shareholder ups shares in Aegean Investment firm increases stake in Aegean to 7.3%
South Korea's February bunker supplies expected to dip SK Energy to cut bunker output in February.
Rolls-Royce scores $27 million LNG engines contract sVessels to have 'unrivaled' environmental performance with 40% reduction in CO2 emissions.
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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