Baltic index up again; capesize earnings soar The Baltic Exchange's main sea-freight index, which tracks rates to ship dry commodities, rose for a third day on Friday helped by firm iron ore trade to China, with earnings for the larger capesizes jumping to their highest in over a year.
China joins Mekong River patrols China says its armed police began joint Mekong River security patrols on Saturday with forces from Myanmar, Laos and Thailand, a development likely to deepen Beijing's influence in an unstable region on its southern flank.
Air Uganda to launch Mombasa and Zanzibar service Starting Sunday, 11 December, Air Uganda is introducing a new service from Entebbe to Mombasa in Kenya and Zanzibar in Tanzania. Overall frequency to Mombasa is twice weekly, but i...
SNCF timetable change brings hurdles for rail cargo SNCF's planned switch to the winter timetable on 11 December will see rail cargo transport negatively affected in France, as infrastructure work worth EUR 13 billion will be carri...
TX Logistik certified as railway waste disposal expert TX Logistik in Germany has again been certified as a waste disposal expert. The technical requirements for correct transport operations, the expertise of employees, comprehensive ...
FleetPride acquires Greeley Truck Parts FleetPride, the USA's largest independent aftermarket distributor of heavy-duty truck and trailer parts, has acquired Greeley Truck Parts, an independent heavy-duty parts store bas...
Toyota launches Pixis van and truck in Japan Toyota has launched the Pixis van and truck in Japan, two vehicles that are the first economical mini vehicles to be launched under the Toyota brand. They will be sold through mor...
Changes at European inland waterways body Dr Philippe Grulois, the president of the Association for European Inland Navigation and Waterways (AEINW), welcomed new members to the executive committee and advisory body follo...
Demag Cranes supplies first mobile units to Papua New Guinea Demag Cranes has supplied its first-ever mobile harbour cranes to Papua New Guinea. Two Gottwald Model 6 units were recently commissioned in the third-largest island state in the ...
Port of Hamburg office in Mumbai officially opened The Hamburg joint representative office in Mumbai, supported by the port of Hamburg's marketing unit, the government of the state of Hamburg and the Hamburg chamber of commerce, wa...
Icao offers online global safety report The International Civil Aviation Organisation (Icao) has released a snapshot of worldwide aviation safety performance and collaborative efforts among international air transport s...
Eurozone crisis biggest risk to airline profits Iata has revised its industry outlook, with profitability for 2011 remaining weak but unchanged at USD 6.9 billion, for a net margin of 1.2%. Looking ahead to 2012, Iata downgrade...
Rhenus cooperating with Balnak in Turkey The Spanish subsidiary of the German logistics company Rhenus is now cooperating with the Turkish transport provider Balnak Logistics. Rhenus is creating a new weekly internationa...
Joint DB Schenker Logistics and Khimji Ramdas venture in Oman DB Schenker Logistics is establishing a joint venture in the sultanate of Oman with the Khimji Ramdas Group, its long-standing partner. From spring 2012 the new company Schenker K...
Greiwing expanding in Germany The transport and logistics enterprise Greiwing is expanding its activities in southern Germany. An administrative centre and two logistics halls for food and non-food products, a ...
Chinese iron ore demand pushes capesize rates to 21-month highs Fresh 2011 high prices reported as China estimates 20% growth in ore demand to 2015
Aframax earnings spike as charterers compete for ships Average earnings of all reported routes rise fivefold in a week
UK maritime training needs support The funding of cadets has been one of the recent UK success stories
Tanker pools: because every little helps Tanker owners eye pool agreements in unsteady waters
Suezmax owners must make the most of aframax Black Sea rally Price spike to ship 80,000 tonne cargoes should see cheaper and larger suezmaxes become preferred choice for charterers
Qingdao iron ore price up 20% over the last six weeks Price reaches $141 per tonne, a level that Vale director says should stick for a while
Machine-readers reject thousands of transport workers' biometric ID cards 26,000 TWICs missing a digit,TSA admits
Navios Partners has edge in cost-sensitive era Analyst views company's yield as 'secure' for next two years, but underlying conditions facing dry bulk remain difficult
Brazil's gasoline imports hit record high Rising demand and reduced ethanol output boosts product tanker shipments
Daily LNG shipping rates to soar to $170,000 by 2013 Charterers to pay a higher percentage of cargo value in freight costs
Security trade body raises funds for commercial off-shoot SAMI founders tight-lipped over £5m venture
Nordic American boss stands by company's lucrative dividend policy Suezmax spot market specialist is 'fundamentally different' from listed peers, says Herbjørn Hansson
Unmasking the mystery buyer The scale of the Rongsheng order narrows it down to a handful of Chinese state players
NewLead notches fifth arbitration triumph against TMT Two awards so far paid but total outstanding is $9.7m, says Greek owner
China to source domestic iron ore Self-sufficiency drive threatens dry bulk trade
Syria declared war risk area But no attacks yet seen against shipping, says LMA
Increase in new oil suppliers offers hope for tanker sector Growth over the next 25 years will change trade patterns, keeping carriers on the water for longer
US shale oil changes energy market Discoveries help to reduce reliance on Middle Eastern crude
Brazil's pre-salt boom faces 'considerable challenges' Recoverable oil and natural gas from reserves in areas such as the Santos, Campos and Espirito Santo basins could come to more than 50bn barrels of oil equivalent
Kazakhstan comes of age Landlocked nation plans to raise oil exports from 1.3m barrels per day to 3m bpd by 2020
Canada eyes oil exports to Asia Tankers set for employment boost from new oil trade route
Rotterdam freezes 2012 port dues to 'stimulate volumes' Rate structure offers transhipment discount
China, Japan and South Korea top export markets Australia and New Zealand target Asia trade
New Zealand ports lag behind Australia Terminals turn in an average performance in terms of crane rates
German owners poised for switch to EU flags Members of shipowners' association VDR will act to protect favourable German tonnage tax
US delays to E15 gasoline bring relief to product tanker owners Higher ethanol content in fuel will reduce shipments from Europe to US
No respite for embattled box trades Indices on the slide again
Riding on China's coat tails Australia's economic and maritime future is becoming increasingly focused on Chinese growth
Interferry and IMO push southeast Asia ferry safety plan Move follows inaugural forum in Indonesia
VDR, Berlin agree to €30M compromise MEMBERS of the Germany's VDR shipowners' association have adopted a €30M qualification and employment scheme in return for Berlin's resumption of government aid
Asian LNG shortage warned CREDIT Suisse has predicted Asia will be short of LNG until 2017
SEC lifts IPO veil A SUDDEN SEC rule change could lift the confidentiality of shipping IPO hopefuls
Savannah dredging challenged A COALITION of green groups is challenging a key regulatory permit that would allow Savannah to deepen its channel to accommodate larger box ships
Owner fined for UK dumping A TANKER owner has been fined £95,000 ($148,000) for fouling UK beaches with palm oil
Estonian boxes gain 29% CONTAINER volumes rose by 29% in first 11 months of 2011 in Estonia, according to Tallinn Sadam, administrator of its ports
Ferry safety plan agreed A PLAN for safer ferry operations in developing nations has been drawn up by the IMO and the trade group INTERFERRY
China takes 322% more Newcastle coal CHINA was the only major importer to raise coal cargoes from Newcastle in November, reported IHS McCloskey
$170,000/day LNG ahead? LNG RATES could hit $170,000 per day within two years after exceeding $100,000/day this summer, a key shipping analyst has predicted
China urged to shelve island terminal scheme CHINA'S environmental ministry wants plans suspended for an island oil terminal at Ningbo-Zhoushan, according to the China Port Association
LR1 and LR2 rates diverge BROKERS told Fairplay today rising availability for long-range 1 tankers has resulted in rates diverging with bigger LR2 tankers
Lower oil prices rock rig builders PROSPECTS for Singapore rig builders Keppel and Sembcorp Marine look decidedly cloudier, Maybank Kim Eng Securities warned today
Supramax blues seen persisting BROKERS told Fairplay today that loss-making Supramax bulker rates now prevailing in Asia are expected to continue into the 23-24 January Chinese New Year
Long Beach Port Plans Grain Facility The Port of Long Beach released the draft environmental impact report on a proposal to build a grain export facility...
FedEx Prepares for Busiest Day Dec. 12 FedEx expects Monday to be the busiest day in its history. The package giant forecasts 17 million shipments will move...
Trade Union Rejects Occupy Move on Ports A second major labor group announced its opposition Friday to plans by the Occupy movement to shut down the port...
Landstar Has 'Great Optimism' on Freight Surge Rising freight volume and strong rate increases are lifting spirits as well as earnings at Landstar System, the sixth largest...
JOC Economist Lowers 2012 Import Forecast Expectations of a sluggish U.S. economy led Journal of Commerce Economist Mario O. Moreno to lower his forecast for growth...
Panalpina to Create Three Regional CEO Positions Panalpina will create three regional CEO positions, with one chief position each for the divisions of Europe and the Middle...
Lufthansa Cargo Falls 9.4 Percent on Flight Ban Lufthansa Cargo's traffic slumped 9.4 percent in November from a year ago, as a night flight ban at its Frankfurt...
Horizon Shareholders Approve Reverse Stock Split Horizon Lines shareholders approved a 1-for-25 reverse stock split that follows the company's $652.8 million recapitalization announced in October. ...
Cargolux Execs Get 13 Months for Air Cargo Price-Fixing The former CEO of Cargolux, Ulrich Ogiermann, and his top deputy accepted sentences of 13 months in prison and fines...
Asia-Europe Rate Index Falls Below $500 The Shanghai Shipping Exchange measure for spot container rates to Europe fell below $500 this week, the lowest the SCFI...
Finding the True Cost Driven by capacity concerns and sky-high operating costs, more private fleet owners are converting all or part of their fleets...
Changing Climate For Shipping With this month's United Nations climate change conference wrapping up in Durban, South Africa, the fissures around the world over...
Network Solutions The space-sharing pact APL and MOL announced last week on their intra-Asia services was hardly the largest slot agreement in...
Trucker, Broker or Both? Q: You've written lately about several truckers who have, as you've put it, "subcontracted" loads to other carriers. I know...
Trucking Dedicated to Growth The dedicated contract carriage sector is set for another strong year after double-digit growth this year. Shippers seeking capacity or...
Port of Mumbai Container Traffic Falls 12.7 Percent India's Port of Mumbai saw container traffic in November fall 12.7 percent year-over-year, while total tonnage rose 3.4 percent from...
ANA Cargo Traffic Slips, JAL Tonnage Plummets Japan's All Nippon Airways saw cargo traffic slip 0.3 percent in October from the same month last year September, while...
"K" Line to Operate Slots on China-Vietnam Loop "K" Line is launching a new weekly intra-Asia service from North China to Ho Chi Minh City as a slot...
CMIT sets pace in Vietnam The APM Terminals (APM T)-managed Cai Mep International Terminal (CMIT) in Vietnam is setting the pace when it comes to cargo-handling productivity, and cargo volumes ...
Carriers consolidate capacity offerings for slack season Asia/ECSA market The main operating groupings in the Asia-South Africa/east Coast South America trade have decided to rationalise their service offerings. The move should enable ...
Yangtze bottleneck warnings as shipping demand is 'woefully underestimated' Cargo volumes on the Yangtze are continuing their upwards climb - but traffic levels are so much higher than estimated that industry experts have warned that the ...
K Line boosts China-Vietnam trade on back of FTA K Line is the latest carrier to capitalise on the Free Trade Agreement (FTA) struck between China and South East Asia as it is launching a new service ...
Obituary: Harry Kleipas One of the pioneers of European shortsea container feeding in the North Sea and English Channel, Harry Kleipas, has passed away after losing his final battle with ...
Saudi Arabia Government to address productivity issues The Saudi Arabia Government has instructed the Council of Saudi Chambers of Commerce and Industry (CSCC&I) to investigate what it describes as 'deteriorating ...
Stocks suffer ahead of eurozone deal European shares tumbled yesterday after the European Central Bank [ECB] squashed hopes that it would act as a 'lender of last resort' to heavily indebted eurozone ...
German exports take hit A 3.6% decline in German exports in October, versus the previous month, was significantly worse than the 1% expected by the markets, confirming that Europe's biggest ...
New Intermodal terminal for Bucharest Tibbett Logistics has opened a second intermodal terminal within Europolis Park in Bucharest, further promoting the port of Constantza as a gateway into Romania. ...
The '99%' react against Occupy's USWC port shut-down A proposed shut-down of US west coast ports on Monday by the 'Occupy' movement is struggling to garner support from the 99% of the population that it purports to ...
Bunker prices end week with softening prices Oil climbed the most in more than a week.
COP17: Canada urged to support shipping tax As negotiations continue, Oxfam policy advisor says enough finger pointing and suggests it is time to show leadership.
US Navy vessel achieves fastest speed using alternative fuel Another 'Wright Brothers-moment' as the Navy pursues sustainable sources to protect it from the volatility of the fossil fuel market.
San Diego considers renewable energy facility Biogas produces a mixture of methane and carbon dioxide that can be used as fuel.
Maltese government challenged on planned bunker tax Bunker sector warns 2012 budget proposal will fail as ships 'could bunker elsewhere'.
Markets end week on softer note 380 cSt down by $10 pmt in Fujairah, smaller price drops seen elsewhere.
European markets soften Customs in Greece will be closed on Monday due to a National Holiday.
New studies show link between PM and health risks California Air Resources Board says studies 'underscore the need to eliminate the threat' of PM from California's air.
Piracy creating 'no-go zones' for bunker suppliers Several suppliers have had tankers hijacked or attacked in the Gulf of Guinea in the past year, forcing oil trade and bunkering activity to move.
Singapore bunker fuel prices down by double-digits Price of 380 cSt grade in Singapore fell $25.50 to $653.50 pmt on Friday.
Brightoil sourcing for 15 newbuilds in Korea Move to build newbuilds in Korea 'expected' as Brightoil was in contact with Korean shipyards, says sources.
South China fuel oil inventories slightly down Fuel oil volumes across southern China at 1.76-1.78 million mt.
Norwegian shipbuilder launches dual fuel Viking Prince Vessel will be delivered in March 2012, with sister ship scheduled for delivery in September 2012.
SCI to deploy more ships to spot market Company is slow steaming some of its vessels to cut bunker fuel bills.
Swedish port authority orders shore power system ABB to provide largest shore connection frequency converter in the world.
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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