More ships wait to load sugar in Brazil The queue of ships waiting to load sugar at Brazilian ports rose to 86 by Wednesday, up from 64 in mid-June, shipping agency SA Commodities/Unimar said yesterday, as the world's largest sugarcane crop nears peak harvesting.
Overcapacity threatens container rates Container lines are ignoring a drop in freight rates and bringing the highest proportion of the shipping fleet out of mothballs since 2008, when the global slump resulted in the industry's biggest losses.
ASTAG: Days of action for youths in Lucerne (Switzerland) The Swiss association for utility vehicles ASTAG and the world of road transport have their big appearance from 27 June to 10 July 2011 in the Swiss museum of transportation in Luc...
First Stena Line Challenge finished in Kiel (Germany) The first Stena Line Challenge finished in Kiel on 4 July 2011. In the 14 days the 10 teams drove 1,800 km through Sweden's beautiful summer landscapes. There were many interesting...
GEFCO Baltikum opens branch in Lithuania To strengthen their presence in the strategically important region and to continue the expansion of their international network, GEFCO Baltikum put into operation a location in Vil...
New Zealand's Government announced USD 17 billion infrastructure plan The Government in New Zealand has released a new, revised infrastructural plan which shows it will invest USD 17 billion in infrastructure over the next four years. USD 6.5 billion...
Dirk Steffes new Board Director for Sales & Marketing at TX Logistik Dirk Steffes (43) as of 8 August 2011 will take over as Board Director for Sales & Marketing at TX Logistik AG, a private rail road traffic company founded in 1999, which, sinc...
Vessel lay ups are the way forward to provide a much needed correction Regarding the Drewry's quarterly Container Forecaster, the container industry is in dire need of a correction on the supply side and even the realisation of a decent peak season de...
KLM operates first scheduled flight on biokerosene KLM Royal Dutch Airlines became the first airline in the world to operate a commercial flight on biokerosene. Flight KL1233 - a Boeing 737-800 - recently took off from Schiphol bou...
Azerbaijan and Georgia signed an agreement for road project Azerbaijan and Georgia have signed an agreement on principles and conditions of financing , projecting, construction, rehabilitation/reconstruction and exploitation of Georgian sec...
Toyota plans to acquire a 50% stake in a truck and bus assembly firm in Kenya Toyota Corporation plans to acquire a 50 per cent stake in a local truck and bus assembly firm, as it seeks to position itself as the top seller of new vehicles in the country by e...
DB Schenker Rail UK wins award DB Schenker Rail UK is named 'Most Sustainable Transporter' by the International Produce Limited (IPL), a logistics supplier to Walmart. DB Schenker Rail UK won the award for deliv...
Free flowing traffic between Germany and Denmark The German-Danish traffic is running as usual between the ports of Rødby and Gedser. "In accordance with European legislation there have always been "random checks" in our Danish p...
Swissport corporate headquarters and station Zurich registered as ISAGO providers Swissport International, the world's leading provider of ground services to the aviation sector, has been awarded the IATA Safety Audit for Ground Operations (ISAGO) certificate fo...
Deutsche Post DHL sell courier and express business in China The German Deutsche Post DHL is withdrawing from the loss making domestic Chineses courier and express business. The future focus of the company will be on international shipments....
DB Schenker Logistics with new subsidiary in Iceland DB Schenker Logistics recently opened its own office in Reykjavik, Iceland. Prior to this, customers relied on the service of a partner. The new Iceland subsidiary now represents t...
Geodis Wilson opens new distribution centre in Jebel Ali Global forwarder and logistics service provider Geodis Wilson is opening an 8,500 sqm distribution centre in Jebel Ali South within the free zone of Dubai. It marks a strategic ste...
Van Seumeren family leaving Mammoet The van Seumeren family is selling its stake in international heavy lifting and transport specialist Mammoet and leaving the company. Roderik van Seumeren, President and CEO, Jan v...
Enigma of Indian ore The nation's protectionist impulse will keep hobbling its iron ore trades
Japan LNG imports dwarf South Korea As it demands more, Japan pays a higher price for its LNG from Qatar
Transatlantic cargoes dry up on US holiday Charter rates drop on northwest Europe to US Atlantic coast route
Balance of power shifting between ports, box lines and feeders With deepsea vessel sizes on the increase, transhipment operations are also on the rise, highlighting the tension between the competing needs of mother vessels and feederships
China's ore thirst keeps Australia and Brazil busy Global capesize and VLOC fleet finds growing employment on busy trade routes
CSAV suspends third service in three weeks to shrink fleet Breaking of North American link to Latin America follows suspension of transpacific and Asia-Mediterranean voyages
Novatek expands in Russian Arctic Russian gas producer is also talking up plans to export liquefied natural gas via the Northern shipping route
Shell makes push into Alaska region Dutch oil major has applied to US regulators to drill six wells in the Chukchi Sea, and an additional four wells at the adjacent Beufort Sea
Norwegian drillers march north to untapped Arctic Potential for the Arctic is huge, with an estimated possible undiscovered oil resources at 412bn barrels of oil equivalent
Strength before surplus P&I clubs are mutual and their purpose is to provide a cost-effective service, not a profit
The media revolution is not over yet The media revolution is not over yet, and there is still a great deal to be said for the anti-social media
Brillante Virtuoso blaze under control Suezmax was 20 miles from the Port of Aden when the fire was thought to have been started by RPG fire during a pirate attack
Brussels' modal split plan 'too rigid' Rotterdam port wants policymakers to halve the proposed 300 km minimum distance from ports as trigger point for funding to promote modal shift
Liverpool cruise terminal edges closer to winning go-ahead for turnarounds Shipping minister orders consultation, but says curbs could be lifted if city council repays $9m of public subsidies
Virtually there Shipowners' suspicions over the balance of power in Virtual Arrival will fade once the promise of savings becomes a reality
Tax-friendly regimes threaten UK shipping Changes to rules over non-domiciles should help keep nation competitive
Coating could cut fuel costs by 20% Report on eve of MEPC shows how simple solutions have potential to reduce CO2 emissions
YSC victim of drop in intra-Asia freight rates Korean container line was also awash with debt and could not avoid bankruptcy
Bulker pair prepare for Arctic route to China Two 32-year-old Russian vessels are part of Eurochem's plans to increase iron ore cargoes to Far East
Stolt Tankers slips on bunker fuel costs Chemical tanker recovery looks unlikely until 2013
Deme arm takes Beluga's 50% share in windfarm services provider Hochtief New venture to build and operate dynamically positioned offshore jack-up vessels
Big offshore deals pump up volumes of syndicated loans Syndicated lending to shipping hits $28bn in first half of 2011
Stick to ships, not chips STX's potential bid for memorychip maker Hynix is seen by the market as a bad idea
Southampton set for strike Managers deny action by health workers over council pay cuts will make port 'suffer badly'
Berlin limits shipping aid GERMAN shipowners have warned that the government's cuts to maritime spending will hurt the country's flag
Liverpool seeks to end cruise limits BRITAIN'S government is considering allowing cruises to start and finish their voyages at Liverpool's City Cruise Terminal
Nigeria oil theft warned A REPORT today warned of the increased threat of ship-to-ship oil theft off the Niger Delta
Kuwait port angers Iraq IRAQ HAS called on Kuwait to cease construction of its Mubarak port, warning that the project will lead to an "economic war", IHS Global Insight reported today
CSAV services squeezed CHILEAN liner CSAV has pulled the plug on its third service in less than a month, halting its NACSA service along the Americas' Pacific coast
Baltic cruise concerns raised A LOOMING IMO committee decision could compel cruise lines to pull ships from Baltic ports, a high-level industry source has told Fairplay
Evergreen bides time on ULCSs TAIWAN'S Evergreen has told Fairplay that it won't be following other major carriers by ordering container ships of 10,000teu and larger
Manila port project delay rejected THE PHILIPPINE government has rejected a request by the new operator of Manila North Harbour to extend the deadline for its modernisation of the facility
London Club records surplus LONDON P&I Club has recorded a surplus of $3.6M for 2010/ 2011. This lifted free reserves to $145.1M - which is a record in its 145-year history
Tanger Med throughput rockets FIRST-half traffic through the Moroco's Tanger Med soared by 82% year on year to 16.3M tonnes following container growth and the transfer of ro-ro services to the port
Stolt-Nielsen profits jump OSLO-listed Stolt-Nielsen has posted a rise in net profits for the quarter ended 31 May, despite losses from its chemical tanker business
Intra-Asia MR rates rise INCREASED chartering activity by oil majors has strengthened intra-Asia MR rates this week, while eastbound LR1 and LR2 rates have softened
Hanjin seeks $150M from bond issue SOUTH Korea's Hanjin Shipping is hoping to raise at least $150M from issued convertible bonds carrying interest of 3.5-4%
SSA questions armed guards use THE SINGAPORE Shipping Association and the Asian Shipowners' Forum will raise concerns with the UN about the use of armed guards to protect ships from pirates, Fairplay has been told
DnB NOR tops loan ranks DNB NOR was the largest bookrunner of syndicated marine finance loans in 1H11, according to the latest Dealogic league tables
CSAV Raises $430 Million in Capital Chilean carrier CSAV has raised $430 million of $500 million in additional capital from shareholders, and expects the rest to...
Democrats Decry 'Fantasy' Transportation Financing Democrats wasted no time Thursday in denouncing House Transportation and Infrastructure Committee Chairman John Mica's scaled-down plan for transportation spending....
House GOP Offers $210 Billion Transport Bill House Republicans on Thursday unveiled a $210 billion, six-year surface transportation bill they said could be leveraged to $450 billion,...
AFL to Sail First Ship Friday Startup carrier American Feeder Lines' first ship will depart Halifax, Nova Scotia, on Friday to begin a service its backers...
Industrial Shippers Petition STB For Rail Access The National Industrial Transportation League has asked the Surface Transportation Board to order competitive switching of cargoes to a second...
Freight Index Reaches Three-Year High The Cass Freight Index for U.S. shipping reached its highest level in three years in June, growing 4.9 percent from...
Carrier Alliance to Suspend Some Trans-Pacific Service Ocean carriers in the New World Alliance will suspend a trans-Pacific service this month due to slowing demand for retail...
STB Slashes Rail Shipper Dispute Filing Fees The regulator of economic disputes between railroads and their freight shippers has slashed its filing fee structure, meaning rail customers...
Indian Port Trucker Strike Ends A five-day-old trucker strike at India's Vallarpadam International Container Transshipment Terminal ended late Wednesday following talks between union leaders and...
Temasek Profit Soars Temasek Holdings, the Singapore government-owned sovereign wealth fund, rode higher contributions from portfolio companies that include Neptune Orient Lines, PSA...
House Democrat Targets Mexican Trucking Program Rep. Peter DeFazio, D-Ore., is trying to set limits on the Obama administration's cross-border trucking program with Mexico. DeFazio...
CMA CGM Starts Fifth Belgium-Germany Rail Shuttle CMA CGM has started providing intermodal rail service between the Belgian port of Zeebrugge and the tri-modal hub in Duisburg,...
CSX, KCS Announce Execute Staff Additions, Moves CSX Transportation and Kansas City Southern, two of the seven largest freight railroads in North America, announced several executive staff...
Eimskip Expands Iceland-North America Service Eimskip is expanding its Iceland-North America container service with the addition of a second vessel to keep pace with an...
Japan's Food Exports Tumble 16.6 Percent Japan's exports of agricultural, fishery and forestry products fell for the second straight month in May on a year-over-year basis,...
Hanjin Raises $150 Million in Bond Sale Hanjin Shipping raised $150 million Wednesday from the sale of five-year convertible bonds that it plans to use for general...
Republicans, Dems Blast GOP Transport Plan Two House Republicans joined Democrats Thursday in denouncing a transportation spending plan from House Transportation and Infrastructure Committee Chairman John...
CSAV drops another service Chilean liner carrier CSAV said Wednesday it is suspending another ocean service, the third to be dropped by the line in recent weeks. This time, it's the carrier's NACSA service between Mexico and the U.S. West Coast, a loop the carrier created i...
CMA CGM adds rate hikes, peak season charge CMA CGM said Wednesday it will seek increased rates on a host of trades, while reiterating the implementation of a peak season surcharge on the eastbound transpacific trade. The proposed increases are: From Mediterranean and Black Sea ports to t...
Pirate shots ignites tanker Fears that piracy off the Horn of Africa could lead to an environmental disaster came a bit closer to reality Wednesday when the crew of the Liberian-flagged supertankerBrilliante Virtuosoabandoned ship to escape a fire in the superstructure that b...
Maersk raises West Africa congestion surcharges Maersk is raising congestion surcharges at some West African ports. The changes differ widely, but for cargo originating in North America the surcharge will increase to $80 from $65 in Conkaray, Guinea for a 20-foot container and to $450 from $125 ...
OOCL's new ship goes into China/Mideast OOCL's new ship goes into China/Mideast OOCL's new ship goes into China/Mideast Liner carrier OOCL has taken delivery of a new 8,888-TEU vessel from Hudong-Zhonghua Shipbuilding in Shanghai. TheOOCL Canadais the second in a series of eight such ve...
Cargoitalia spreads wings in West Africa Lome, Togo-based Africa West Cargo has awarded Italian all-cargo airline Cargoitalia with a weekly ACMI (aircraft, crew, maintenance and insurance) program to provide a European link to its network via its main hub. The contract runs until further ...
TNT Post Italia in deal with retailer TNT Post Italia, a subsidiary of PostNL and the largest private operator in the Italian postal market, said it has entered a deal with the office supply chain Buffetti Group, that will allow customers to pick up TNT Post registered mail from Buffet...
U.S. Mexico sign cross border truck pact U.S. Transportation Secretary Ray LaHood and Mexico Secretary of Transportation and Communications Dionisio Arturo Pèrez-Jàcome Friscionesigned agreements on Wednesdayresolving the dispute over long-haul, cross-border trucking services between the...
ABF joins UPS with early rate increase Less-than-truckload carrier ABF Freight System announced a 6.9 percent general rate increase effective July 25. The pricing announcement comes on the heels of last week's news that competitor UPS Freight is implementing a similar rate increase for...
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