Deluge in Australia leaves key coal port idle Australia's key coal port of Gladstone said yesterday that devastating floods have left it so short of coal that a queue of ships waiting to load would likely be diverted elsewhere.
Baltic main freight index falls to 20-month low The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell to its lowest in over 20 months as mounting supply weighed on capesizes.
Turkey may raise fees to cross the Bosphorus Turkey may introduce new fees on tankers carrying oil and other commodities through its straits to reduce traffic on the busy and environmentally sensitive waterways, Energy Minister Taner Yildiz said last Friday.
Duisport reported good initial results for 2010 Duisport, the operator of the German inland port of Duisburg, has reported successful initial results for 2010. Container throughput by ships, the railways and trucks grew by 25% t...
Pacer subsidiary OWL opens Heathrow airfreight office Ocean World Lines (OWL), a subsidiary of the US logistics service provider Pacer International, has opened a dedicated OWL Air UK office and warehouse near Heathrow airport, to sup...
Gefco Germany implementing EMCS The German national branch of the French company Gefco switched to the EMCS excise movement control system, an electronic processing scheme, on 1 January. This means that the logis...
Hellmann awarded pan-German AEO F certificate The customs authorities awarded all of the German logistics service provider Hellmann Worldwide Logistics' 20 locations in Germany an authorised economic operator F certificate (AE...
Australia developing infrastructure in NSW and Queensland Infrastructure Australia is strongly pushing the development of a trans-regional amalgamated infrastructure network (Train). Private investors, the New South Wales state government...
BT Signaling takes stake in RZD signalling subsidiary Russian Railways (RZD) and BT Signaling have agreed on BT Signaling's purchase of up to 50% minus 2 ordinary shares of United Electrical Engineering Plants (Elteza) from RZD. The a...
VTG increases TMF stake to 100% VTG Aktiengesellschaft, a leading global wagon hire and rail logistics company based in Hamburg (Germany), has increased its stake in the French railway logistics enterprise TMF fr...
Wincanton opens new terminal in Germany Wincanton will open a new terminal at Ginsheim Gustavsburg (Germany) in September 2011. The new intermodal facility will enable Wincanton to retain its representation in the Mainz ...
Asiana Airlines places order for six A380s South Korea's Asiana Airlines has become a new customer for the A380, following the signature of a firm order for six of the aircraft. Delivery is scheduled to begin in 2014 and th...
SIA Cargo acquires stake in China Cargo Airlines Singapore Airlines Cargo has agreed to acquire 16% of the equity interest in China Cargo Airlines (CCA), subject to regulatory approval. China Cargo Airlines is a Shanghai-based co...
Eurocontrol welcomes new member Latvia Latvia became Eurocontrol's 39th member state on 1 January. Latvia joined the International Civil Aviation Organisation (Icao) in 1992, and the European Civil Aviation Conference (...
German logistics firm Robert Müller now has four 24plus hubs The Trebsen (near Leipzig) branch office of the German logistics enterprise Robert Müller, which is headquartered in Saarlouis, is joining the German general cargo alliance 24plus ...
Air Menzies International strengthens management team Air Menzies International (AMI), one of the world's largest trade-only airfreight wholesalers, has strengthened its management team with the appointment of Stephen Koller to the ne...
Toll Global Forwarding appoints new sales head in Germany Toll Global Forwarding, the international logistics and forwarding division of Australia's Toll Group, has strengthened its German operations by appointing Stefan Testi as its new ...
PD Ports registers another Teesport milestone PD Ports reached another milestone at its Teesport centre recently, handling 150,000 containers in one year at the terminal for the first time. Frans Calje, managing director of PD...
Misery for suezmaxes as rates slump on festive lull Big falls on benchmark West Africa to US tanker route with owners' returns barely covering costs
Owners may withdraw capesizes as dire West Australia rates hit returns Rampant competition for cargoes and oversupply of tonnage drive spot market earnings to eight-month low
US Gulf vessel shortage boosts Pacific panamaxes The Pacific panamax market received an eleventh hour injection of support as a shortage of vessels in the US Gulf available to transport grain prompted owners to ballast from Asia
Number of dry bulk FFAs traded A severe drop in capesize FFA trading accounted for the largest portion of the fall, with just 76,289 lots traded over the last three months of 2010
Adani buys two bulkers India's Adani Shipping has bought two bulk carriers to transport coal as part of a major fleet expansion, but the names, sizes or who the current owners are is not known
Demand for naphtha boosts LR1 product tanker rates "We don't see [the LR1 market] going down any time soon as this is just covering the owner's expenses for running the ships, and bunker prices have been going up as well" Oslo-based broker
The Week Ahead New Year starts with a whimper, not a bang
Bleak start to 2011 for tanker owners Continued poor earnings offer little hope for improvement
Shift seen in China's trade flows Appetite for electronic products top iron imports
Low-risk ships likely to escape Paris MoU checks Many good quality vessels to go through 2011 without single inspection in Europe
Shanghai box index highlights trade rates divide China to North America rates strengthen but westbound rates from Asia to Europe still under pressure
Beirut bombing survivors fail to recover payment from Iran US Court of Appeals upholds earlier decision to disallow claims
Primorsk leads Russia's push to use e-shipping documents World Bank estimates that the management of paper documents wastes 7% of the total value of world trade
Shippers and forwarders back EU single railway plan Proposals could enter into force in 2013 but ESC and Clecat would also like to see increased rail freight competition
Subsidies will compromise private UK port investment The confidence of the private sector to invest depends on fair competition
An inversion of values that allows piracy to thrive Is it this moral relativism, or just feeble-mindedness that allows violent pirates to continue plying their trade while seafarers are left to rot in Somalia?
Rise of the independent bunker industry Independent bunker industry came into existence in the 1970s following the oil majors' withdrawal from the direct supply of bunker fuel to shipping
Indian operators in bid to create logistics giant Main freight transport organisations set to merge into single entity
Chemoil retains its faith in online bunker trading OceanConnect internet auction site purchase could provide Chemoil a 50% increase in volume
Antwerp makes progress on docker flexibility New agreement reached in handling of coastal and shortsea shipping cargo
Le Havre box traffic hits 2.4m teu in 2010 Port's container throughput hits 2.4m teu but overall traffic slides 5%
Security level at UK ports unchanged Threat level remains as precautions stepped up at airports and railways
Landmark solution? The escalation of piracy in the overall UN agenda is welcomed
Chinese wealth fund eyes Indonesia State Development & Investment Corporation mulls infrastructure development
Dr Peters tanker evades pirate attack Front Warrior escapes rocket-propelled grenade attack in Arabian Sea
PSA warns of uneven growth in 2011 Singapore-based port group saw 14% growth in 2010 but says economic weaknesses persist
Bourbon splits top management roles Christian Lef'vre named chief executive as Jacques de Chateauvieux remains chairman
Australia's National Ports Strategy Australia's National Ports Strategy will focus on four key outcomes
Australia unveils ports master plan Blueprint outlines measures to ease congestion and meet rising cargo volumes
US spill bill would tighten liability law A KEY US lawmaker this week proposed tighter oil spill liability legislation aimed at oil companies but also applying to owners, operators and charterers of ships.
Pirates fail off Oman TWO SHIPS have avoided capture off Oman by using razor wire and other anti-piracy measures, EU NAVFOR reported.
French port strike called over weekend LEADING French ports are expected to be hit by a two-day strike this weekend over a retirement dispute.
Worse drybulk imbalance is predicted DRYBULK'S tonnage imbalance will probably deteriorate considerably this year, BIMCO has predicted.
APL scrubs up APL HAS offered up box ship APL England as a laboratory to test a new seawater scrubber.
Pakistan car imports rise THE VALUE of car imports into Pakistan rose by 20% year on year over July-November last year, boosted by a rise in the popularity of knocked-down vehicles.
Samsung sees order stall SAMSUNG HI's CEO Noh In Sik has warned that new orders this year are likely to be fewer than those of 2010.
Sri Lanka/India ferry services returning INDIA and Sri Lanka today signed an accord that could lead to restoration of ferry services, suspended since the 1980s by war in the island nation.
Wake up, smell the onions INDIAN customs officers have finally cleared 200 tonnes of Pakistani onions for release at Jawarhalal Nehru Port Trust.
PSA warns on economy after volume rise SINGAPOREAN port operator PSA International has warned that global economic growth remains uncertain, even as he announced a rise in throughput across its terminals.
China seen as LNG's ace in the hole WITH ASIA at the heart of LNG demand, a sector analyst has told Fairplay that gas carrier companies can expect rosy prospects this year.
Hanjin storage deal: a VLCC silver lining? HANJIN Shipping told Fairplay today that one of its chartered VLCCs has won a 10-month floating storage contract.
S&P alternative launched DISPUTE resolution close to home is the goal of the Singapore Ship Sale Form, the law firm that helped draft the document told Fairplay.
Singapore box numbers climb 10% SINGAPORE handled 28.4M teu in 2010, up 10% from 2009, according to transport minister Raymond Lim.
Are the liners in danger of 'Chasing a deer without noticing the mountains'? A self-explanatory Japanese saying that ocean carriers would do well to heed as 2011 begins against a backcloth of economic uncertainty, and a widening gap between supply and demand; a potentially ruinous mix for the liners that was not overlooked by Japan's shipping group trio of NYK, MOL and K Line in their traditional and always honest New Year speeches.
Large scale production of biofuel European Union to fund investment in new algae-based plant.
Week ends with lower prices Crude settled at a three week low after a US report showed fewer jobs were added into the economy.
Harley Marine once again recognised for environmental efforts HMS was the only maritime recipient to receive the award.
Fujairah prices in decline Avails in Durban 'still tight'.
Rotterdam bunker prices fall High stocks of low sulphur fuel oil (LSFO) in Rotterdam but little demand.
Fuel oil arbitrage volumes to Asia expected to rise Bunker demand to 'slow down' as Chinese New Year approaches.
Fuel savings 'more than cover' hull cleaning costs Study for the US Navy warns of 'increased fuel consumption' due to frictional drag.
Grounded vessel to be de-bunkered Dry cargo ship was driven aground in the Black Sea.
General dip in bunker prices as week ends Mixed demand at key Asian bunkering hubs, traders say.
Singapore Ship Sale Form sorts out bunkers, lubes payment Provides clarification on payments of bunkers and lubricants on board the vessel on sale, says academics from local university.
Bulent Secen rejoins Oiltrade Marine Secen originally left the company four years ago.
Shell halts ops at Puget refinery Puget Sound refinery produces 90,000 gallons of bunker fuel per day, says oil major.
Brightoil secures $4 billion for future acquisitions China Development Bank given 'priority' to provide funding to the company for five years.
Russia imposes duty on 'bunkers-only' calls Latest regulation may cut bunker sales volumes at Russian ports this year, traders say.
Sinopec Zhoushan expands to more Chinese ports Ready to start deliveries at Nanjing; Yantai operations will start later this month.
Orient Overseas (International) Limited (OOIL), the subsidiary of the Chinese shipping group COSCO Shipping Holdings that operates containerized maritime transport services with ...
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