Singamas turns around with US$93m full-yr profit THE container box famine of yesteryear has proved to be a feast for container box manufacturer Singamas Container Holdings.
Oil tanker bookings for Libya end Tanker bookings to pick up Libyan oil cargoes have ended, the world's largest shipbroker said, as an uprising against leader Muammar Gaddafi disrupts supply.
US to enact new ballast water rules To keep new invasive species out of US waters such as the Great Lakes, the United States must enact stricter rules on treating ship ballast water under a settlement reached on Tuesday with environmental groups.
Halifax airport's runway extension to boost cargo handling capacity Canada's federal and provincial governments are investing USD 14 million in funding to extend the main runway at Halifax Stanfield international airport. Engineering and design wor...
Afraa launches business plan The African Airlines Association (Afraa) has launched a three-year business plan aimed at realigning the association's activities to the business imperatives of member airlines. Th...
Brussels Airport ready for the new B747-8F Brussels airport has been officially certified as a Boeing B747-8F compatible airport by the Belgian civil aviation authority (Directoraat-Generaal Luchtvaart). The new Boeing full...
Garbe expanding logistics centre in Wunstorf Garbe Logistic AG, a service provider based in Hamburg (Germany), is extending its logistics centre in Wunstorf, near Hanover (Germany) for EUR 10.5 million. The company is ha...
SNCF management loses out to own works council The French state railway SNCF has lost a legal battle against its own work council. In an emergency procedure, the Directorate of State Railways had sued for libel and demanded tha...
Ulusoy Logistics boosts HGV fleet by 15% The Turkish logistics provider Ulusoy Logistics is continuing to expand its fleet. The company has added 32 Volvo FH13 420 tractors and 30 Otokar-Fruehauf semi-trailers, there...
TX Logistik switches Sweden trains to Herne container terminal TX Logistik, a leading private railway based in Bad Honnef (Germany), is reinforcing the hub function of its location in Herne (Germany). With effect from 4 April. intermodal train...
Hermes Transport Logistics offers clarification scheme for CO2 emissions Hermes Transport Logistics (HTL) is continuing to expand its service in the area of green logistics. The company now offers customers a new ecological CO2 reporting service, which ...
Salvo Grima handles 3,266 cbm of rig equipment The Malta-based service provider Salvo Grima was contracted to offload and store 1,948 t/3,266 cbm of rig equipment at its facilities at the Malta Freeport. The operation took thre...
Maersk Line: zero SOx programme prompts new fuel switch solution The giant Danish container transport provider Maersk Line is continuing to expand on its fuel-switch implementations in a drive to cut sulphur emissions from its fleet towards...
NYK Line joins Epic service The Japanese container shipping company NYK Line is launching a new weekly liner service between north-western India and Europe on 3 April. The 56-day rotation, which is part ...
Beluga: was the 2009 revenue incorrectly reported? The city of Bremen's public prosecutors have launched an investigation against the founder of the Beluga heavylift and project shipping company, Niels Stolberg, and some of the fir...
ACL orders five new co-ro ships for transatlantic service Atlantic Container Lines (ACL), a unit of the Italian Grimaldi Group, is to renew its fleet. Andy Abbot, CEO of ACL, has confirmed that negotiations about newbuildin...
Transpacific lines will fail to hit target Disappointment tinged with bouts of optimism runs through box line service agreement negotiations
VLCC rates break even on main route Rush of vessel bookings boost earnings on Saudi Arabia to Japan route
Long-term lock-ins leave box players out in cold Some boxship owners unable to benefit from charter market surge
ST locks in aframax duo ST Shipping, the shipping arm of commodity trading giant Glencore, has chartered two Greek-owned crude oil aframax tankers for six months at a daily rate of $15,000 and $16,000
'I don't have a future, and that, to me, is unbearable' Philippe Deruy's suicide note last month took the very modern form of an email
Master's suicide highlights plight of the lonely seafarer Action is needed to tackle the little-discussed problem of the apparent alienation felt by so many seafarers in their day-to-day lives while at sea
Hannibal Gaddafi groomed to head GNMTC Former tutor of Libyan leader's son reveals details in Lloyd's List interview
Santander mulls loan book sale Santander has moved the old Alliance & Leicester shipping loan book into the non-core part of the bank
Blackstone and Dahlman Rose set up restructuring shop Joint venture will help maritime clients recapitalise or restructure balance sheets
Scott Burk joins Canaccord Genuity Move could see investment bank diversify into maritime equity research
Hutchison Port Holdings IPO oversubscribed Institutional book to close a day ahead of schedule
Libya air raid forces Ras Lanuf closure Bombs destroy up to 60% of port's facilities
Baltic Exchange and Navy clash over 'UK piracy nexus' Baltic Exchange boss says UK has an interest in Somali piracy issue
GNMTC plays down link with Gaddafi family Libyan shipowner denies Hannibal Gaddafi has controlling stake in company
Somali pirates free cargoship Rak Afrikana released after airdrop of ransom
Derivatives debate Spat breaks out over freight rate derivatives as shippers call ocean carriers financially irresponsible for not hedging their exposure to volatile freight rates
In pursuit of truth Shipping might be a murky business, but Libyan politics beats it hands-down for opaqueness
China growth boosts Panalpina sea freight volumes 2010 ocean volumes rise 13% to 1.2m teu
Ro-ro operators urged to bolster ties with shippers Operators warned not to rely on road hauliers for freight volumes
Standard Chartered confirms BLT sale and leaseback deal Ships are leased back to BLT on a bareboat basis for between seven and 11 year
Rolls-Royce and Daimler in $4bn bid for Tognum Move marks further consolidation in marine engine market
A little bravado could feed the dry bulk fleet Precious Shipping may have a point as it banks its future on the growing need for grain
Performance bonds prove powerful in absent fraud Guarantees can help to secure payments in shipbuilding contracts
Kidnap and ransom rates soften under extra capacity Marine kidnap and ransom insurance rates are plummeting again after only a brief climb from record lows a year ago
Cargo security campaign starts to show results Marked improvement seen in terms of the correct stowage and securing within cargo transport units and declaration of weight and contents
Do armed guards have a licence to kill? Private security options may be gaining popularity among shipowners but the ramifications of an armed guard killing a pirate open up a can of legal worms
NGO Platform proposals on pre-cleaning 'unworkable' The shipping industry does not refuse to accept that clean, green ship recycling is practical, but reasonably contends that the proposals of the NGO Platform on pre-cleaning are unworkable
No extension to high-risk piracy zone The Warlike Operations Area Committee agreed to leave the high-risk zone unchanged and to designate an area of the Indian Ocean, equivalent to the MTO voluntary reporting area, as an "at risk" zone
Horizon fine calculus revealed HORIZON Line's criminal fine for price fixing was drastically reduced to $45M to avoid forcing the carrier into bankruptcy, new court filings reveal.
VLCCs run at lowest speed in three years OWNERS are bolstering VLCC rates by pacing vessels at their lowest speed in three years, Pareto Securities according to data released by Pareto Securities today (9 March).
US lawmakers question dredging fund OVERSEERS of money used to maintain US harbour depths were grilled on Capitol Hill yesterday (8 March) on why taxes collected to dredge weren't being spent for that purpose.
San Juan River dredging allowed DREDGING of the San Juan River on the border of Nicaragua and Costa Rica will continue.
EPA settles ballast suit THE Environmental Protection Agency has reached a court settlement that will significantly tighten ballast-water rules for vessels calling in the US.
APL plays down 'cascade' risks AMERICAN President Lines president Eng Aik Meng believes that the feared 'cascading' effect on intra-Asia shipping may not be as serious as it seems.
Heung-A back to profit HEUNG-A Shipping in South Korea has returned to profit thanks to more cargoes and better freight rates last year.
Texas port lowers wharfage fee WHARFAGE and dockage fees at the Port of Corpus Christi, Texas will be cut by 25% effective 1 April.
Recovery boosts box maker HONG Kong container manufacturer Singamas has returned to profitability, booking net profit of $92.
SF pilot wage hike 'to hit business' HARBOUR pilot wage increases of up to 6%/year in the San Francisco Bay would hurt the ability of area ports to attract container business, according to an industry group.
PIL boss calls for more financial support FOR the second time in two days, Pacific International Lines managing director Teo Siong Seng has urged the Singapore government to provide more monetary support for the city's maritime sector.
Korea Line to submit rehab plan by September TROUBLED drybulk carrier Korea Line is hoping to get court approval for its rehabilitation plan by September, a company official has told Fairplay.
FMCSA to Take Truckers Off 'Alert' The Federal Motor Carrier Safety Administration will stop using the term "Alert" to describe trucking company scores that break thresholds...
Field Fisher Waterhouse's Cassels on EU 24-Hour Law (Video) John Cassels, a London maritime attorney with Field Fisher Waterhouse, discusses the EU 24-hour law with JOC's Peter Tirschwell at...
Teamsters, Truck Companies Battle On The two organizations that have wrestled over the unionization of harbor drayage companies for the past few years promised attendees...
US Rails Plan $12 Billion in 2011 Capital Spending The largest U.S. railroads will spend an estimated $12 billion on capital improvements this year, easily outpacing the record capital...
Miami Dredging to Open Gateway to Asia Florida Gov. Rick Scott's approval of a $77 million appropriation to deepen the Port of Miami will position the South...
Obama Names Locke Ambassador to China President Obama named Commerce Secretary Gary Locke to be the next U.S. ambassador to China, tapping the cabinet member to...
US Freight Index Climbs 0.9 Percent in January Freight transportation movements in the U.S. increased for the second consecutive month in January, according to the U.S. Department of...
Dunavant Acquires Sea Lane Express Logistics operator Dunavant Enterprises acquired Sea Lane Express, a trucking and drayage company operating in the U.S. Southeast, its second...
Truckers Seek Clearer Hazmat Inspection Rules The American Trucking Associations wants the Obama administration to stop the opening and inspection of hazardous materials shipments unless those...
Growth Rates Stall at Hong Kong Port Hong Kong Port container volume grew 5.7 percent in January, a much slower growth rate than the average for 2010,...
Three Carriers Start Japan-Indonesia Loop Hanjin Shipping, CNC Line and KMTC Line are teaming up to launch an intra-Asia service connecting Japan and Indonesia later...
Crane Productivity Drives Profit, SSA Exec Says Marine terminal operators keep close tabs on dockside crane productivity because it is the most critical factor in their profitability,...
Lufthansa Books $1.5 Billion Profit Lufthansa said it made a $1.5 billion net profit in 2010 compared with a year-earlier loss of $47 million, bolstered...
Antitrust Penalties Push Panalpina to 2010 Loss Panalpina boosted 2010 net revenue 20 percent from the previous year to $7.7 billion, driven by double digit growth in...
TPM Speakers See Chassis Services Unsettled Ship lines, truckers, leasing companies and other interests are still trying to decide how to fill the void left by...
Shippers Wait and See on Panama Expansion Impact Several shippers that have diversified their U.S. port gateways for Asian imports told the Journal of Commerce's Trans-Pacific Maritime Conference...
Pirates Fail in Third Attempt to Seize Maersk Alabama Suspected Somali pirates tried to seize the Maersk Alabama again on Tuesday in the third attempt to hijack it in...
FMC reviews 18 OTI license applications The U.S. Federal Maritime Commission has received 18 license applications and changes for review. The FMC received non-vessel-operating common carrier license applications from A&A Shipping & Logistics, Hicksville, N.Y. (Daulat B. Tannan, president...
Saddle Creek hires business development director Third-party logistics provider Saddle Creek Corp. has appointed Michael Gebhardt to director of business development. Gebhardt will oversee the development of new customer relationships and maintain growth of existing accounts, the Lakeland, Fla.-b...
Broadwind sells off transport unit Broadwind Energy, an industrial firm focused on the wind energy industry, this week completed the sale of its Badger Transport subsidiary to BTI Logistics. Proceeds of the sale include $1 million cash, a $1.5 million secured promissory note and 100...
USDA, industry press lawmakers on South Korea FTA The country's top agriculture chief said congressional approval of the U.S.-South Korea free trade agreement will expand farm exports to this Asian market by $1.8 billion annually. "Economic output is estimated to grow more under this agreement th...
Cathay 2010 profits spike to $1.8 billion The Cathay Pacific Group, parent company of Cathay Pacific Airways, on Wednesday reported net profits of $1.8 billion for 2010, an increase of nearly 200 percent on its 2009 profits. Revenue for the company rose 33.7 percent to $11.5 billion. The ...
COSCO to assess South Africa THC COSCO Container Lines said this week it will assess terminal handling charges on shipments to and from South Africa. The fees are $156 per TEU and $230 per FEU for general cargo and $218 per TEU and $323 per FEU for dangerous cargo. The surcharge i...
MSC raises Europe export bunker fees Mediterranean Shipping Co. is raising its bunker surcharge on shipments from Europe to Oceania and South Africa, the line said Tuesday. From the end of March, the surcharge will be $893 per TEU from Europe to Australia and New Zealand, and $560 per...
TCC suffers $4.3 million loss in 2010 The Containership Co. had a $4.3 million operating loss in 2010 on revenue of $83.8 million, the line said this week. Norway-based TCC, which operates a single port-to-port service from the Ningbo, Taicang and Qingdao to Los Angeles, started operat...
Biggest ships a challenge for U.S. ports Maersk Line's order last month for 18,000-TEU ships raises the specter that 12,000-13,000 TEU ships could eventually be "cascaded" into the transpacific trade. But such behemoths would trigger a whole new set of challenges for terminals on the U.S....
Esvagt Bergen finally delivered from Spain Esvagt A/S has finally taken delivery of the Esvagt Bergen, it arrived yesterday at its home port of Esbjerg. The vessel's delivery had been delayed around one and a
Easier for Danish owners to hire armed guards The Danish government will make it easier for ship owners to receive a permit for placing armed civilian guards on board Danish vessels sailing in the Indian Ocean and Gulf
Statoil extends charter of Solstad PSV The Norwegian energy group Statoil has extended the charter of the Solstad Offshore PSV Normand Skipper by one year. This was the last of a total of two 1-year
Prosafe secures Talisman deal The Norwegian offshore company Prosafe has signed a letter of intent with British Talisman Energy for the accommodation and support rig Regalia. The rig will be operating at the Auk
Stena charters Tallink vessels for Belfast run Stena Line has chartered Tallink's two sister ferries the Superfast VII and the Superfast VIII for the Belfast'Stranraer run. The vessels will enter into service in autumn 2011. "The
Mols-Linien deep in red after horrible year Mols-Linien A/S left 2010 with a huge deficit of DKK 77.5 million after a bad year with declining numbers of passengers and cars. Furthermore, Mols-Linien is
Finnlines improves profit The unaudited figures for Finnlines' fiscal year 2010 show a distinct improvement compared to the previous year. Revenues totalled EUR 561 million, compared to EUR 494 million during the previous
Svendborg owner buys tug in Bahrain Rederiet Junior ApS in the Svendborg Bugser Group bought a second-hand tug an owner in Bahrain. The tug, Hunter A, is presently underway to Svendborg. "We are very pleased
Crude continues surge Crude climbed earlier as Libyan government forces launched air and artillery strikes on central oil ports to halt a rebel advance.
Fujairah market falls In Durban, deliveries available for supplies up to and including March 23.
Improving hull performance helps 'protect the marine environment' New website will carry news of developments in underwater hull maintenance and anti-fouling technology.
Bunker markets soften In Hamburg, 'buyers waiting for further fall in prices'.
VLCCs cut speed as bunker prices rise Tankers sailed at an average speed of 10.7 knots in February, according to data compiled by Bloomberg.
KPI Bridge Oil London appoints Team Leader Mantell 'has built excellent relations with a wide range of business partners around the world.'
Plans for new fuel oil terminal in Black Sea hub Transneft and Gunvor in joint venture at Novorossiysk.
Indian authorities to debunker grounded vessel MV Jutha Pathama was carrying 250 mt of bunker fuel when it ran aground on Sunday.
Asian bunker prices falling mid-week Demand mixed while supplies sufficient at Asia's key bunker ports, says traders.
Maruba opposes move to sell detained ship Chimbusco Pan Nation seeking vessel sale to cover unpaid fuel bills.
UK 'emulsion fuel' project moving towards commercial phase Earlier signed an agreement to sell the product, which is a replacement for bunker fuels, to A.P. Moller-Maersk.
Chemoil, Glencore renew 'preferential' deal Also widens scope of the agreement to include purchase of petroleum products by Chemoil from Glencore.
Singapore court reviews $13 million award to bunker supplier Singapore bunker supplier Prestige challenges court ruling and seeks to 'set aside' final award in favour of Marubeni.
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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