Maersk expects counter-piracy costs to double AP Moeller- Maersk A/S, owner of the world's largest container line, predicts its costs for avoiding pirates off the coast of Somalia will double this year after attacks rose to a record in the first quarter.
Baltic dry index rises for sixth session on China demand The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, rose on Friday with fresh Chinese coal buying boosting sentiment.
OOIL orders 4 ships from Samsung Orient Overseas (International) Ltd (OOIL) said yesterday that it has ordered four new container ships from Korean shipbuilder Samsung Heavy Industries for a total of US$544 million.
CMA CGM to launch a new service The French shipping group CMA CGM launched the Shaka Express, a new weekly service linking Asia, Indian Ocean Islands and South Africa, on 8 May. The sailing, which deploys six 4.5...
Europorte orders twelve Euro 4000 locomotives from Vossloh Espa'a The rolling stock manufacturer Vossloh Espa'a has closed a deal with the operator Europorte which will result in an order for twelve Euro 4000 locomotives that will be used to tran...
Alaska Railroad reports stronger-than-anticipated revenues for 2010 The Alaska Railroad Corporation (ARRC) has reported stronger-than-anticipated revenues for 2010, with USD 13.4 million net income on total revenues of USD 167.1 million. One key to...
Union Pacific Railroad investing nearly USD 4 million for track improvements The US-based rail service provider Union Pacific Railroad will continue improving the state of Wyoming's transportation infrastructure with a nearly USD 4 million investment to enh...
440 HP Volvo FH - most popular truck in Brazil The 440 HP Volvo FH 6x2 is the best-selling heavy commercial vehicle in Brazil. Volvo do Brasil sold approximately 6,500 vehicles of this type last year, 66% more than in 2009, and...
Georgia building longest runway in the Caucasus region The airport with the longest runway in the entire Caucasus region is currently being built near the Black Sea port of Poti. This fact was pointed out by the Georgian p...
USA and Saudi Arabia initial open skies agreement The USA and the Kingdom of Saudi Arabia initialled an open skies agreement on 18 April. The pact, which will be applied on the basis of comity and reciprocity pending its entry int...
Uruguay and UAE attain open skies Dinacia, the directorate general of Civil Aviation of Uruguay, and the United Arab Emirates have signed an open skies air services agreement. Under the agreement, any number of des...
A8 Innkreis motorway road works - help available for foreign truck drivers From tomorrow (10 May) hold-ups may occur on the A8 Innkreis motorway in Upper Austria due to major road works. Foreign truck drivers will be able to obtain A8 traffic news...
New Zealand: Fonterra invests in tanker fleet upgrade New Zealand-based Fonterra has announced it will spend USD 27 million to make its 480-strong tanker fleet safer, greener and easier to handle. The biggest change will be the purcha...
New lobbyist for Kombiverkehr Wolfgang Hahn, a former department head at the German ministry of transport, is to represent the interests of the intermodal service provider Kombiverkehr, based in Frankfurt. Hahn...
PIL enhances service to Australia and New Zealand Pacific International Lines (PIL) is expanding its China Transpacific Service string to include ports in Australia and New Zealand on the westbound leg. The weekly service will dep...
Call for changes to SOLAS to suppress piracy at sea The prominent UK and US maritime lawyer and maritime author Dr John A.C. Cartner is calling on the International Maritime Organization (IMO) to enact changes to the Safety at Life ...
Dachser investing in southern Germany The global logistics service provider Dachser is reinforcing its presence in the Heilbronn-Franken region (Germany) by building a new 51,500 sqm branch office in Öhringen. The EUR ...
FedEx Trade Networks opens new office in Le Havre FedEx Trade Networks, the forwarding subsidiary of the US CEP and logistics corporation FedEx Corp, recently phased in a new branch office in the port city of Le Havre (France).
DHL wants to open four oil and energy centres across Africa The logistics service provider DHL, part of the Deutsche Post DHL, plans to launch four oil and energy centres of excellence across Africa over the next twelve months. The centres ...
The ITJ team and "Heidi J" awaiting you in Munich The ITJ and its editorial and sales staff would like to accord you a warm welcome to the transport logistic trade fair, the world's largest exhibition for transport and logistics w...
VLGC rates below $50 as crude drops Middle East-to-Asia LPG routes hit by Asian national holidays and lower crude prices
Ten seals long-term charters for suezmax pair Tanker owner Tsakos Energy Navigationhas clinched 11- and 12-year charters for its two forthcoming suezmax newbuildings from Sungdong Shipbuilding & Marine Engineering
Product tankers keep auction houses busy Japan's Eagle Maritime has sold the long range one product tanker Eagle Hope for $38m at auction, marking the latest in a line of product tankers to go under the auctioneer's hammer in recent weeks
Spate of supramax purchases as freight rates improve China's Wah Kwong Shipping Agency Co is thought to have sold the supramax dry bulk carrier Shanghai Venture for $26m to Norway's Spar Shipping
Bangladesh breakers gain two-month extension Shipyards in Chittagong now have until July to stock up on vessels
General Maritime out of the woods Tanker operator completes refinancing, allowing Oaktree 'bailout' to go ahead
Boskalis secures $125m Nigeria contracts Land reclamation linked to Prodeco International's development work on new terminals at Onne
TEN seals long-term charters for suezmax pair Deal fixed at $23,000 daily plus profit-sharing arrangements
Training camps signal pirates' ability to adapt to challenges Gangs' tactics are evolving in the face of countermeasures by shipowners and navies
P&O Ferries accuses SeaFrance of benefiting from state backing British ferry operator lodges complaint with European Commission over rival's ability to undercut prices
An ounce of prevention In a recent case, a judge broke precedent by considering a shipbuilding dispute under mainstream English construction law
Vale in name protest against China load ruling Brazilian mining giant dubs VLOC fleet Valemaxes
Great Eastern revenues and profits both fall Company blames muted demand, unwinding of floating storage and supply of new vessels
Vale's VLOCs have 'killed' capesize market Commodities giant's shipping strategy has depressed global capesize freight rates until 2014, claim dry bulk shipowners
Braemar shipbroking profits up on increased revenues Reports 'robust' results for financial year
Waving goodbye The UK Revenue's tinkering with tonnage tax could drive shipowners to desert the flag
Newlead retreats from bond offering plan Nasdaq-listed owner says alternative financing will be sought but newbuildings unaffected
Build versus bombast It is laudable that the port authority of New York has the foresight to keep investing in the future trade on which it will rely
Mundra cargo volumes rise 30% Company on track to become India's top privately-owned port, says chairman
ClassNK builds cloud-based archive Japanese class society has teamed up with IBM to develop world's first archive centre for new IMO goal-based standards
Nordic American makes investment case despite $7m loss Strong balance sheet an advantage for suezmax spot market specialist
Call for new military force to provide onboard guards London Greek body urges governments to take more robust action to quell 'unacceptable' situation
Sembcorp Marine sees brighter outlook for offshore Jurong yard makes headway on cost controls and scores modest profit gain
Latvian tanker arrested after suspected pollution incident French spotter plane observes 4km trail of oil emanating from Kaltene of the coast of Brittany
Australia-China capesize rates squeezed by excess tonnage Earnings restricted in a narrow band as owners see gloomy outlook on overcapacity
Teekay orders $636m FPSO at Samsung Heavy Contract win is latest in a flurry of deals for offshore vessels
Inmarsat sees flat maritime revenues Record increase in FleetBroadband terminal activations offset by migration to its own cheaper services.
Cars, boxes fuel German port surge GERMANY has reported strong year-on-year Q1 throughput growth at most of its North Sea ports
Southeast Asia solution seen for LNG glut SOUTHEAST Asia could absorb the current LNG supply overhang as the region seeks to exploit a flexible export market, an Amsterdam conference has heard
KG equity shortage warned GERMAN shipowners continue to suffer from a lack of equity for new investments, a study showed today
FMC still mulling over slow steaming LOWRY Crook, chief of staff at the Federal Maritime Commission, told Fairplay today the panel remains months away from issuing slow-steaming guidance
NewLead scuttles bond plan NASDAQ-listed NewLead Holdings has backed out of its plan to raise $120M in the Norwegian bond market
Black Sea drug surge seen EUROPOL has warned that proximity to the Black Sea has been a key factor in southeastern Europe becoming the fastest-growing hub for drug trafficking to the EU
Braemar acquires BMT BRAEMAR Shipping Services, which announced a profits rise for the last fiscal year, told Fairplay today that it expects a key acquisition to broaden its business range
SpareBank buys seismic vessels ARTEMIS Shipping, a subsidiary of Norway's SpareBank 1 SR-Bank, today said it has bought two seismic vessels from troubled Bergen Oilfield Services
Liberia, EU tighten timber export rules LIBERIA and the EU are expected today to sign an accord aimed at ending export shipments of illegally sourced wood, IHS Global Insight reported
Fred Olsen Production reduces losses NORWAY'S Fred Olsen Production today reported net losses of $765,000 for the first quarter, but the results marked an improvement from losses of $2.93M a year earlier
EU tests customs programme A PILOT programme has begun to test procedures aimed at reducing red tape for ships moving between EU countries, the European Maritime Safety Agency has announced
Saudi shipments rise SAUDI Arabia shipped 4.7Bn riyals ($1.3 billion) of petrochemicals in March, from 3.6Bn riyals in that month of last year, according to its department of statistics
Spanish yard to repay Viking Line VIKING Line said today Spain's Astillero de Sevilla yard has been ordered by a UK court to repay €44
Bulk Railcar Traffic Dropped in April April loadings of bulk commodities and other cargoes aboard large freight cars declined in April for major U.S. railroads, which...
Idled Railcars Reach Two-Year Low North American railcars owners reduced their number of idled or stored units by 7,421 in April to 276,228, the lowest...
Consumer Debt Grows $6 Billion in March Consumers are gradually becoming more willing to borrow and banks more willing to lend, the Federal Reserve Bank of New...
Key Pollution Levels Decline at Port of Los Angeles Data from four air-quality monitoring stations in and around the Port of Los Angeles show concentrations of elemental carbon, a...
Long Beach's Steinke Tapped for Connie Award The Containerization and Intermodal Institute will give its latest Connie Award for accomplishments in the shipping industry to Richard D. Steinke,...
DOT Seeks to Extend HOS Comment Period The Federal Motor Carrier Safety Administration wants to extend the deadline for its truck driver hours-of-service rule as it seeks...
Drewry Air Price Index Hits Five-Month High The Drewry Air Freight Price Index pushed back up to its highest level in five months in March despite slipping...
DOT Distributes $2 Billion In Rail Grants Transportation Secretary Ray LaHood, unveiling a shift in strategy for allocating federal rail spending, sent $2 billion on Monday to...
Drewry: Vessel Call Reliability Down to 51 Percent Container service reliability declined for the second quarter in a row during the first quarter of 2011, according to Drewry...
Air China Cargo Adds Chengdu Stop Air China Cargo is adding Chengdu to its Asia-Europe freighter service as the carrier looks to raise the Western China...
FedEx Express Building Singapore Regional Hub FedEx Express is building a Southeast Asia hub operation in Singapore that will become the carrier's second-largest facility in Asia...
Air France-KLM Cargo Increases 11 Percent Cargo traffic at Air France-KLM grew 11 percent in April and capacity jumped 15.6 percent from last year, when fallout from...
What Price Stability? The main goal for many U.S. importers entering negotiations this spring with carriers in eastbound trans-Pacific lanes was to prevent...
BNSF Profit Up 20 Percent in First Quarter BNSF Railway posted a $607 million profit for the first quarter, up 20 percent from the same period in 2010...
Chinese Ship Rescued After Pirate Attack The Indian Navy and Coast Guard Thursday rescued a Chinese merchant ship that had been attacked by Somali pirates in...
OOCL Increases Asia-Europe Rates Orient Overseas Container Line is raising rates on Asia-Europe trade lanes as part of what it calls a new "rate...
CEVA Profit Jumps 36 Percent CEVA Logistics reported its profit expansion accelerated in the first quarter, with the $102 million earnings growing 36.5 percent year-over-year...
Dairy Producers: End Trucking Dispute The International Dairy Foods Association supports the Obama administration's proposed cross-border trucking agreement between the United States and Mexico. ...
OWL Helps US Apple Growers Export Fruit to India Ocean World Lines, a subsidiary of Pacer International, says it has a new program to help U.S. apple growers increase...
Chiquita Adds PrimeLINE Reefer Units Within the last year, Cincinnati-based Chiquita added 4,700 PrimeLINE units equipped with the QUEST power-saving mode to the 1,250 previously...
Maersk Raises Fees, Cites Reefer Shortage Maersk Line in April imposed general rate increases and reefer charges on several trades in reaction to what it says...
UASC Targets Reefer Market With New Ships United Arab Shipping received its first 13,500-TEU vessel, part of an order of nine so-called A13 vessels from South Korean...
Cold Chain Group Signs Energy Partnership The Global Cold Chain Alliance has signed a service partnership agreement with Cascade Energy. Energy usage is among the...
Air Cargo Carriers Voice Screening Concerns Neel Shah, head of International Air Cargo Association's security committee, is raising warnings about the impending 100 percent screening deadline...
USDA Cautioned on Importer Definition The National Customs Brokers and Forwarders Association of America is cautioning the U.S. Food and Drug Administration to use care...
Delivering Savings Drug and health care companies are being told that how you distribute products can be a billion-dollar decision. Distributors...
Cold Train Is Red Hot Amid much hoopla and celebration last April, a handful of 53-foot refrigerated containers left the Port of Quincy, Wash., on...
In a Disaster, Relief Is on the Way When disasters such as the earthquake and tsunami in Japan strike, there is an immediate need for food, medicine and...
In a Search for Food, Japan Turns to US In the first two months of 2011, Japanese consumers markedly increased their purchases of U.S. foods, spending 81 percent more...
Wanted: Truckers When intermodal giant Hub Group acquired Exel Transportation this spring, its top executive said Exel's refrigerated intermodal business was what...
Lucrative Food Stores The $6 billion refrigerated warehouse industry in the U.S. is expected to grow an average of 2.8 percent annually until...
California's new Gold Rush In the heady export days of 2007, more than a million metric tons of bagged rice was exported through Northern...
Reefer Renaissance These days, companies involved in the cold chain are the cool kids on the playground ' everybody wants to be...
Looking Forward Most everyone in trade and transportation has a connection to the World Trade Center, if only because it's named after...
Bulking Up - and Down China's demand for bulk commodities has determined the fundamental trend of the dry bulk shipping market. It's therefore necessary to...
Economy, With a Plan The latest International Monetary Fund forecasts predict China's economy may surpass that of the United States in real terms by...
Shanghai's Next Step Among the many major developments at the Port of Shanghai since the site became the world's largest container port last...
Avoiding Trouble In a C-TPAT validation Members of the Customs-Trade Partnership Against Terrorism beware: Validation or revalidation requirements have changed significantly since you were initially...
Trinity's Supplier Business Rebounds Trinity Industries is getting a needed boost from improving rail business, but the improvement in the transport equipment manufacturer's financial...
NS, CN Bullish on 2011 Prospects Charles W. Moorman, chairman, president and CEO of eastern-U.S. carrier Norfolk Southern Railway, was already looking ahead when he reported...
Yes, Virginia, There Is A Freight Strategy Virginia is moving ahead with an intermodal freight strategy even as the federal government in large part is still talking...
Yield Signs Brighten Slow growth, or even declining revenue, isn't necessarily a bad thing ' if it comes with higher earnings. Transportation companies...
YRC Almost Fully Diluted YRC Worldwide may have cleared perhaps the largest obstacle to its survival by securing an accord on a restructuring plan...
A Bridge Too Far? Rep. John Mica, R-Fla., chairman of the House Transportation and Infrastructure Committee, asks transportation interests to "stick with me" on...
Carriers' Financial Squeeze Japan's three largest ocean carriers expect lower profits this year because of higher fuel prices, uncertain bulk and car carrier...
Horizon Lines Timeline 2003 ' Horizon Lines formed as separate company when CSX sells its subsidiary to The Carlyle Group. September...
Challenges Seen on Horizon Embattled Horizon Lines says it is facing a "challenging" year for its operations even after dodging a debt default and...
Double-Stacked on Paper It's a strange anomaly that in this environmentally conscious, time-is-critical age when most trade processing is handled by computer, vessel...
STB's Nudge to Regulate If the Surface Transportation Board is inclined to impose new competition and shipper access rules on U.S. railroads, the Obama...
Truck Pricing Steps Up When it comes to rates, there's an ocean of difference between global shipping lines and North American domestic carriers. ...
'Our word our bond' That is the motto of the Institute of Chartered Shipbrokers (ICS) which marks its centenary this year with a Gala Dinner at the National Maritime Museum, Greenwich, London, later in May. It is a standard that has served its 3,500 membership from 24 international branches well; but it is a moral discipline that is often seen lacking in the liner shipping industry
Diana targets box duo Diana Containerships plots $172m stock offering after entering talks to buy a pair of 3,500-teu boxships.
AOD hit by force majeure Asia Offshore Drilling added to growing list of owners threatened by delivery delays at Keppel FELS in Singapore.
Sembcorp emerges ahead Singapore-listed shipbuilding group hopes profit will follow increased E&P spending fuelled by firming pump price.
Farstad fixes five Oslo-listed offshore owner nets five contracts worth nearly $76m in Australia and the North Sea.
Genmar wraps up rescue Shares of General Maritime Corp inch ahead as Wall Street weighs impact of restructured loan and $200m equity injection.
Marsh mellow on slump London-listed shipbroker can improve earnings despite the fact tanker and bulk recovery is some way off, says CEO Alan Marsh.
NATS pays despite loss Herbjorn Hansson-led tanker owner adds five cents to first quarter dividend and sets stage for growth despite three-month deficit.
Strong start for STX OSV Singapore-listed shipbuilder sees its bottom line climb by over a quarter in the first three months of 2011.
Top to tap investors Evangelos Pistiolis-led shipowner sets up $115m equity issue in its first post-crash fundraiser.
Yang Ming edges up Investments keep Taiwanese container line ahead in first quarter, but operating costs jump.
Guards save Syrian bulker Samin Shipping vessel survives attack from pirates in the Arabian Sea thanks to on board security team.
Sterling work from JF Shipping tycoon more than doubles his fortune to secure place among the top 10 richest people in the UK, Sunday Times says.
TEN goes long again Greek owner confirms 11 and 12-year charters of suezmax newbuildings to Asian major.
Immigrants arrive in style Chinese nationals held in New York after travelling as guests on luxurious Queen Mary 2.
Rickmers ship diverts Container vessel heads to Bermuda after chief engineer suffers eye injury.
Bank takes BOS duo SpareBank's Artemis Shipping buys seismic vessels due to Bergen owner's stretched financial situation.
Namura more positive Japanese yard hikes annual profit forecast, but remains well behind last year's gain.
Braemar in distressed buy London-listed broker pays nearly $4m for BMT Marine in a deal which puts it on the surveying and engineering map.
Braemar results 'robust' Alan Marsh-led shipbroker boosts its dividend for an eighth successive year as profit sneaks up.
Clay directs Weber's Inland Empire West Weber Logistics, a Santa Fe Springs, Calif.-based third-party logistics firm, has hired Robert Clay as director of its Inland Empire West operations. In this position, Clay will be responsible for Weber's Inland Empire facilities, which comprises t...
Air China Cargo begins business Air China Cargo, a joint venture between Hong Kong's Cathay Pacific and Air China Ltd. based in Shanghai, commenced operation on Friday. The company said it will soon have a fleet of 12 747-400 freighters. Air China has a 51 percent interest in the...
Japan sets guidelines for radiation measurements The American Bureau of Shipping said Japan has set guidelines for radiation measurements and what it is calling "attestations" for export containers and ships in Japanese ports. The guidelines are available on the Web site of Japan's Ministry of L...
Maersk launches intra-Europe line Maersk Line's intra-Europe specialist carrier is to begin operations this month, according to a report last week by maritime consultancyAlphaliner.Maersk and sister line Safmarine are rolling their intra-Europe services under a new brand, called Se...
Report: Overcapacity chokes China coastal shipping China's state media reports its coastal and inland shipping companies are suffering losses due to overcapacity and high fuel prices. A report on thePeople's DailyWeb site from the wire serviceXinhuaquoted Xu Zuyuan as saying 30 percent of China'...
Textainer reports fleet utilization tops 98% Container-leasing company Textainer said it had first quarter net profit of $42.8 million compared to $27.1 million in the same 2010 period. Revenue was $91.2 million for the quarter compared to $69.6 million in the same 2010 period. Textainer sai...
Fujairah prices rise In Durban and Cape Town deliveries available up to and including May 23.
US Navy official sets out rules for biofuel production The Navy won't use fuel that has been made at the expense of food crops.
Rotterdam market firms, mixed elsewhere Products reported to be 'very tight' in Rotterdam.
Abatement and energy efficiency present opportunities for owners Industry consultant predicts 'rapid increase' in use of scrubbers, while energy efficiency measures impact overall marine fuel demand.
Refinery should be designed to meet bunker specs Backers of new Fujairah refinery should 'be aware' that fuel oil specification is 'heading towards a low sulphur level'.
'Noxious smells' trigger new attack on bunker plans Gibraltar could face future of 'more pollution not less' says environmental group.
Nominees announced for 'clean' and 'next generation' ship awards Four ships up for environmental award at Nor-Shipping 2011, while 'Next Generation Ship Award' nominees feature efficiency gains and LNG fuel systems.
Week opens with rebound in bunker prices Demand mixed at key Asian bunkering hubs on Monday.
Australia issues update on application of the Bunkers Convention Includes updated information on the application of Bunkers Convention to oil tankers.
Transbunker subsidary secures VAT refund Use of VAT refund guarantee to encourage exports, says VTB Bank.
Hull paint manufacturer developing 'transparent' monitoring tool Jotun Marine working with DNV on a benchmarking tool for measuring hull efficiency.
Lubes firm offers green solutions for ships There are two areas where one can 'be really green, not just painted green,' said Tiger Oil Marine CEO.
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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