Essar Shipping to expand supertanker fleet Essar Shipping, controlled by billionaire Ruia brothers, plans to add as many as a dozen second-hand supertankers to benefit from Indian refiners' rising need to haul crude oil from Mexico and Venezuela.
Vale gets first Chinese mega iron ore carrier Brazilian mining firm Vale SA has received its first Chinese-built mega bulk carrier, swelling what will be an unprecedented fleet linking the world's biggest iron ore producer with its biggest client, China.
China says aircraft carrier for training purposes only China's first aircraft carrier, a retrofitted ship bought from Ukraine in 1998, is expected to be mainly used for training purposes and could begin sea trials within a few weeks, a state-run newspaper reported yesterday.
Strait Talk
Back to basics: IMO is about safety of life at sea IN RECENT years, many International Maritime Organization (IMO) discussions have been on environmental issues. Next week, the agency's Marine Environment Protection Committee has a massive agenda, not least including crucial decisions on controlling greenhouse gas emissions.
Shipping Times
Brazil to hold 2 bids for high-speed rail Brazilian officials said on Monday that they would hold two separate bids for a high-speed rail line between Rio de Janeiro and Sao Paulo, a project worth some US$18 billion.
Essar Shipping to expand supertanker fleet Essar Shipping, controlled by billionaire Ruia brothers, plans to add as many as a dozen second-hand supertankers to benefit from Indian refiners' rising need to haul crude oil from Mexico and Venezuela.
Vale gets first Chinese mega iron ore carrier Brazilian mining firm Vale SA has received its first Chinese-built mega bulk carrier, swelling what will be an unprecedented fleet linking the world's biggest iron ore producer with its biggest client, China.
China says aircraft carrier for training purposes only China's first aircraft carrier, a retrofitted ship bought from Ukraine in 1998, is expected to be mainly used for training purposes and could begin sea trials within a few weeks, a state-run newspaper reported yesterday.
Strait Talk
Back to basics: IMO is about safety of life at sea IN RECENT years, many International Maritime Organization (IMO) discussions have been on environmental issues. Next week, the agency's Marine Environment Protection Committee has a massive agenda, not least including crucial decisions on controlling greenhouse gas emissions.
Shipping Times
Brazil to hold 2 bids for high-speed rail Brazilian officials said on Monday that they would hold two separate bids for a high-speed rail line between Rio de Janeiro and Sao Paulo, a project worth some US$18 billion.
Essar Shipping to expand supertanker fleet Essar Shipping, controlled by billionaire Ruia brothers, plans to add as many as a dozen second-hand supertankers to benefit from Indian refiners' rising need to haul crude oil from Mexico and Venezuela.
Vale gets first Chinese mega iron ore carrier Brazilian mining firm Vale SA has received its first Chinese-built mega bulk carrier, swelling what will be an unprecedented fleet linking the world's biggest iron ore producer with its biggest client, China.
China says aircraft carrier for training purposes only China's first aircraft carrier, a retrofitted ship bought from Ukraine in 1998, is expected to be mainly used for training purposes and could begin sea trials within a few weeks, a state-run newspaper reported yesterday.
Strait Talk
Back to basics: IMO is about safety of life at sea IN RECENT years, many International Maritime Organization (IMO) discussions have been on environmental issues. Next week, the agency's Marine Environment Protection Committee has a massive agenda, not least including crucial decisions on controlling greenhouse gas emissions.
Shipping Times
Brazil to hold 2 bids for high-speed rail Brazilian officials said on Monday that they would hold two separate bids for a high-speed rail line between Rio de Janeiro and Sao Paulo, a project worth some US$18 billion.
Tanker loadings from Middle East Opec states lifted by China VLCCs benefit by posting higher average spot rates from May to June
Panamax market share squeezed as newbuild bulker sizes increase Vessels of between 60,000-83,500 dwt now ship 19% of dry bulk trade, showing a fall of 8% in eight years
Oil demand growth set to drop in 2012 World oil demand in 2012 is forecast to grow at a slightly lower rate than this year due to the "unsteady" nature of the global economy, according to the Organisation of the Petroleum Exporting Countries
Product rates plummet in June Rates for product tankers shipping gasoline from northwest Europe to the US Atlantic coast fell 20% in June from the previous month due to closed arbitrage windows and higher stocks in the US
Vessels ordered last year reap benefits of low newbuild prices Panamax bulk carriers ordered during the recession have breakeven costs $5,000 per day lower than similar vessels contracted at the peak of the shipping boom ' giving their owners a financial advantage in the market, as they need to pay less cash back to lenders
Owners urged to stop ordering new panamaxes DVB Bank has urged dry bulk owners to stop contracting panamax tonnage in a bid to help overcome "chronic" oversupply and a vast orderbook which are putting increasing pressure on charter market rates
Maersk to charter first vessels from new feedership design Graig Shipping's Marlin 2000 Blue vessels to be deployed on intra-Asian feeder services
The Containership Co Chapter 15 bankruptcy protection approved Parties wishing to launch action against TCC must first appear before bankruptcy court
Fall in Nigeria's piracy masks shift in danger zone Attacks in Nigerian waters and off the Bakassi Peninsula are down, but southeast corner of the country bucks the trend
Time to curb non-dom benefits in the UK There is no reason why shipping should enjoy complete tax freedom as it does today
The sole serious crime in the US is Contempt of Cop A seven-hour wait imposed on 2,000 elderly cruise passengers demonstrates how unwise it can be to question US border enforcement bureaucracy
Shipping line consolidation at record high The world's largest carriers control 84% of market ' up 14% from 2000
Local entrepreneur rebuilding shipyard industry Dieter Petram is quietly building up his conglomerate with Bredo, MWB, Rickmers-Lloyd and Lloyd Werft all under joint ownership
Stop the rot Bremen and Bremerhaven owners urge the government to help reverse a recent decline in shipowning
Piracy ground rules When deploying armed guards, 'fully armed' means knowing the legal boundaries that frame their use
Insurers face prosecution over ransom payments The US Treasury in particular has made it clear that if evidence is found that payments have been made to banned organisations and persons, then charges will be brought
Suez Canal director vows that waterway will defy Egypt's turmoil SCA working with military to ensure operations remain unaffected by demonstrations and industrial disputes
Cape Town bunkers at risk from industrial unrest Employees at major supplier strike in sympathy with energy and metal workers
Fred. Olsen raises concerns at slow FPSO demand after posting $1.2m loss Potentially up to 10 lease contracts to be awarded this year, compared with previous forecasts of up to 14
Intra-Asia growth rate disappoints IADA container-volumes data in first five months of year a lower-than-expected 4%
Chinese job hopes go adrift on the Yangtze Beijing must find an intermodal solution to get goods from its fast-developing west to the coast ' and quickly
Appointment in Limassol Surely a flag is not worth flying if it bows to political pressure first before considering how to react under its international responsibilities as established by the UN
HHLA opens self check-in terminals at Altenwerder to cut waiting times Containers holding hazardous materials will continue to be processed manually
At last, a green idea Is the European Climate Change Programme's proposal to curb CO2 emissions using speed limits ahead of the curve?
Monfalcone box terminal plan snared in red tape APM Terminals and UniCredit joint venture said to be at a standstill as Italian government fails to act
Mermaid Maritime secures 10-year refinancing loan Parent Thoresen Thai hopes fresh funds will help keep financing costs down
Bumi Armada share offering raises $879m for FPSO fleet expansion Kuala Lumpur IPO oversubscribed by both institutions and retail investors
Analyst blames IEA on tankers JEFFERIES analyst Doug Mavrinac significantly lowered his tanker forecast today, arguing that the International Energy Agency stockpile release has sabotaged the rebound
Survivors say crews failed to help SURVIVING passengers from the MV Bulgaria sinking have told authorities that crews of an oil tanker and another vessel failed to stop and help when the Volga cruise ship was sinking, IHS Global Insight reported today
Essar plans tanker buys INDIA'S Essar Shipping reportedly plans to acquire at least a dozen second-hand tankers, including six VLCCs
Dover ferry terminal scheme advances A BATTLE is continuing at Dover's port, even though a plan for a four-berth second ferry terminal has advanced for final consideration by the UK Department for Transport
Inventories restrain US box imports US BOX imports are expected to grow during autumn's peak season, despite remaining flat year on year in May
Oaktree chasing heavy-lift tonnage US INVESTOR Oaktree Capital Management has told Fairplay that it is on the lookout for more multipurpose/heavy-lift tonnage and entire owner/operator companies in the sector
German coal importers predicting growth SHIPMENTS of steam and coking coal for industry and power in Germany are forecast to increase to 47.5M tonnes this year, from 45M last year, according to importers
India allows wheat, rice exports INDIA has decided to lift its ban on wheat and rice exports, allowing a limited number of shipments as stockpiles overflow
Capesize rates fall on low activity A QUIET start to the week for Capesizes in both the Atlantic and the Pacific has led to a drop in rates
China coal imports rise CHINA's coal imports rose by 12.4% year on year in June to 13.61M tonnes, Beijing's customs agency said today
China oil recovery seen OIL TRADERS told Fairplay today that Chinese crude imports should recover this month after dropping in June due to heavy refinery maintenance
Korean meat imports rise SOUTH Korea went high on the hog in this year's first half, when imports of pork rose 120%
Diesel Prices Rise First Time in a Month The average price of diesel prices rose for the first time in the last month, increasing 4.9 cents a gallon,...
Truckload Capacity Index Drops 16.5 Percent A key measure of truckload capacity eased last week, after tightening for several weeks. The Longbow Research Truckload Barometer...
DOT Stimulus Payouts Reach $29.6 Billion The Department of Transportation's payments to states for infrastructure work funded by the 2009 stimulus law reached $29.6 billion by...
Harold B. Sachs, Former FASA/Gemini Director, Dead at 86 Harold B. Sachs, 86, the former executive director of the Fashion Accessories and Gemini Shippers Associations, died July 10 at...
Bankrupt TCC Seeks $25 Million From Shippers The Containership Company's bankruptcy trustee is seeking $25 million in liquidated damages from approximately 80 shippers who failed to fulfill...
Gas Companies Plan LNG Truck Fueling Network A major natural gas company is investing $150 million in a venture that would build 150 liquid natural gas fueling...
Clinton Prods Congress On Free Trade Pacts Secretary of State Hillary Clinton jumped into the battle in Washington over free trade agreements with South Korea, Panama and...
Trade Groups Protest Long Beach Funds Shift Trade and transportation groups in Southern California are urging the Port of Long Beach not to transfer $16.9 million in...
Welsh Shipowner Orders Up to 26 Feeder Ships The Graig Group, a charter shipowner based in Cardiff, Wales, placed orders for a series of up to 26 fuel-efficient...
Kuehne + Nagel Ranked Top Forwarder in 2010 Switzerland-based Kuehne + Nagel was the largest international forwarder in 2010, handling of nearly a 10th of the world's air...
Railcar Owners Pull More Units Out of Storage in June As freight traffic began to recover from a spring slowdown, owners of parked railcars across North America pulled 2,847 units...
Italy's Fortune International Joins INTTRA Fortune International Transport says its new membership in the INTTRA's ocean shipping e-commerce network will give the Italian non-vessel operating...
Greatwide Logistics Picks Former Airline Chief As CEO Greatwide Logistics tapped John P. Tague, the former president of United Airlines, as chief executive officer, succeeding veteran trucking executive...
Advocate Sees Container-on-Barge Potential Container-on-barge service could be a $500 million business on the inland waterways, but the federal government hasn't been willing to...
Port Tracker Forecasts Shipping Pickup This Fall Import cargo volume at the busiest U.S. container ports is expected to be flat this summer before rising by double...
June Rail Carloads Grow 0.9 Percent U.S. rail intermodal traffic grew 5.3 percent in June over the same month last year but carload volume was up...
Top 20 Ocean Carriers Boost Market Share The top 20 ocean container carriers boosted their combined world market share to a record 84 percent in July, according...
Moody's Sees Negative Shipping Outlook Moody's Investors Service set a negative outlook for the shipping industry over the next 12 to 18 months on Tuesday,...
Schneider National Adding 300 Drivers Schneider National is looking to hire 300 truck drivers in Texas, Oklahoma and New Mexico for its dedicated and bulk...
FAA proposes $689,800 fine for FedEx Express The U.S. Federal Aviation Administration has proposed a civil penalty of $689,800 against Federal Express Corp. of Memphis for allegedly violating Transportation Department hazardous materials regulations. The FAA alleges that in 89 instances from...
2 ships depart MarAd's James River fleet Former U.S. Navy vesselsBenjamin IsherwoodandHenry Eckfordare scheduled to depart from the Maritime Administration's James River Reserve in Virginia on July 12 and July 19, respectively. The obsolete vessels will be towed to Brownsville, Texas for...
Supply chain legend Bowersox dead at 79 Bowersox Donald J. Bowersox, one of the pioneers of turning logistics and supply chain management into an academic discipline, died on July 4 from a prolonged bout with cancer. Bowersox, dean emeritus and professor emeritus of marketing and supply ...
Southern Air opens Cologne office Southern Air Holdings has opened an office in Cologne, Germany, to serve the German market and Western Europe. The office will be led by Oliver Gritz, who joined Southern Air in April as managing director for Europe. He previously held various mana...
Global Shippers Forum launches Web site The reorganized Global Shippers' Forum has launched anew Web site . In May the GSF, which represents shippers' group around the world, reconstituted itself into a formal organization that will represent shippers on key international issues before ...
Kerry wins M&S deal in China Kerry Logistics has won a contract from U.K. retailer Marks & Spencer to handle a range of logistics services in China. "The contract incorporates logistics services across the supply chain for M&S, from suppliers" pickup through to direct deliver...
Intelligrated names Harris VP Midwest Intelligrated, an automated material handling systems provider, has appointed Chuck Harris as vice president of Midwest operations, distribution and fulfillment. Based out of Intelligrated's Chicago office, Harris will oversee sales, concepting, e...
Panalpina opens Huntsville Logistics Center Panalpina opened a facility on July 1 for value-added logistics services in Huntsville, Ala., adjacent to Panalpina's International Air Cargo Center. The 40,000-square-foot Huntsville Logistics Center provides complete kitting and parts assembly ...
K + N expands global LCL network Switzerland-based global forwarder Kuehne + Nagel has continued its expansion of less-than-containerload services with the addition of 39 new port pairs, the company said Monday. K + N launched a series of new LCL routes in April and September 201...
Fuel oil prices fall in Fujairah Tight avails for prompt dates in Fujairah.
ICS proposes pilot study on fuel availability IMO committee split on need for early evaluation of availability of fuels to meet MARPOL Annex VI targets.
Bunker prices soft in Rotterdam It was a 'busy day' of trading in Piraeus today.
IMO takes first step to address black carbon emissions Initial steps to focus on definition and measurement methods of BC emissions from shipping.
Bunker prices fall at key Asian ports 'Average' demand across key Asian bunker hubs on Tuesday.
Rotterdam port supports EU on 0.1% sulphur for ECAs in 2015 ECAs should also be expanded 'to all coastal waters,' says PoRa.
Brightoil earmarks $3 billion for upstream projects Company also eyes acquisition this year, says upstream chief executive.
Chemoil appoints global sales director Former general manager of bunker purchasing at ST Shipping will be 'an invaluable asset' to Chemoil's growing market strategy.
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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