Maersk to speed up Asia-Europe deliveries MAERSK Line is attempting to fix the problem of chronic late Asia-Europe deliveries with a new 'conveyor belt'-type service.
RAM reaffirms rating of Lumut Maritime Malaysia's RAM Ratings has reaffirmed the A1 rating of Lumut Maritime Terminal Sdn Bhd's (LMT) RM60 million (S$24.3 million) Bai Bithaman Ajil Islamic Debt Securities (BaIDS), with a stable outlook.
Zanzibar ferry death toll seen rising sharply The death toll from Tanzania's ferry disaster could significantly rise after it emerged there were more than 1,000 passengers aboard the vessel when it capsized last week, a senior Zanzibar official said yesterday.
Success of Precision Air's Dar es Salaam-Johannesburg service In a month Arusha (Tanzania)-based Precision Air is to introduce a fifth weekly service on its Dar es Salaam-Johannesburg (South Africa) route, which was launched on 24 August. The...
FAA proposes penalty against MIT The Federal Aviation Administration (FAA) is proposing a USD 175,000 civil penalty against the Massachusetts Institute of Technology (MIT) for alleged violations of hazardous mater...
Lufthansa Cargo Charter flies horses to Calgary Every September the world show jumping community looks to Spruce Meadows, Calgary, Alberta (Canada), as the best athletes compete for top prizes and international acclaim during th...
Russian Railways ships 105 million t of freight in August In August 2011 Russian Railways shipped 105.5 million t of freight on its own network, an increase of 0.5% over August 2010. Cargo turnover increased by 2.4% compared to the same m...
Transics to fit 4,000 Transalliance trailers with telematics equipment Transalliance, a pan-European freight forwarder, will fit its 4,000 semi-trailers with Transics' TX Magellan Geo trailer management system this year. Transalliance has gradually be...
Chinese truck maker to launch heavy lorry for export The Chinese truck manufacturer Beiqi Foton Motor Co is planning a heavy-duty lorry for the US and European markets, reported China Daily recently. It will be the first Chinese mode...
Bill Post joins US Airways board US Airways recently announced that William J. Post, retired chairman and CEO of the Pinnacle West Corporation and former president and CEO of Arizona Public Service, has joined its...
New forestry terminal in Gothenburg halfway to completion The construction of a new forestry terminal in the port of Gothenburg is halfway to completion. Gothenburg's standing as an export gateway for Swedish paper will be boosted further...
Loxx continues to expand At the start of September Loxx Holding, the Gelsenkirchen-based German holding of an international group of logistics companies, acquired a 20,000 sqm plot of land next to Loxx's G...
Hamburg and Genoa forwarders conclude agreement The Association of Hamburg Freight Forwarders (VHSp) and Spediporto, the Association of Freight Forwarders, Couriers and Transporting Companies of Genoa (Associazione Spedizionieri...
Geodis acquires Pharmalog The French forwarding and logistics company Geodis Group is strengthening its position in the healthcare market with the acquisition of the pharmaceutical pre-wholesaler Pharmalog....
HRCI falls again The Howe Robinson Container Index (HRCI) decreased from 718 points for the week ending on 24 August to 692 points in the week closing on 7 September. This 26 point decrease represe...
Fesco reports good H1 container business Russia's Fesco Transportation Group reported good results in its container business. Container sea trade in H1/2011 saw a significant 46% increase, to 214,000 teu, compared to 146,...
Indian Railways freight volumes up Indian Railways carried 389 million t of revenue-earning freight between April and August. The cargo carried showed an increase of 22.36 million t over the freight traffic of 367 m...
A wealth of experience DP World's chief for the Indian sub-continent has built businesses in the world's most challenging locales
Shipowners given glimmer of hope over low SOx rules Sweden and Finland start taking cost concerns seriously ahead of European Union ministers' meeting
Clubs embark on diversification Recent trend has seen P&I clubs moving into fixed premium hull and energy lines
Asia Pacific drives global economy and fuels P&I growth The economy of the Asia Pacific region offers business expansion potential lacking elsewhere, yet the economic environment creates challenges as well as opportunities for the P&I sector
Few risks on horizon as clubs improve capital strength Earlier this year, when S&P completed its annual review of the international marine P&I sector, it was generally positive. S&P credit analysts see little threat to most of the sector's ratings in the next 18 months
Is Kolding following in the footsteps of Marx? Container shipping should be trying to devise a commercial and operating structure that can handle uncertainty in a superior way
LPG freight rates have potential to exceed $70 per tonne Gas carrier brokers say tonnage tied up in Singapore has reduced vessel availability
Shell and Wärtsilä join forces to promote LNG as fuel in US Deal to increase availability of natural gas and develop supply chain and infrastructure
Awilco eyes gas-powered floating electricity generation Ageing LNG tanker conversions a solution for remote and emergency power needs
Fresh rumours of Oldendorff purchasing handysize bulker circulate German company denies buying resale vessel
Precious Shipping buys three supramax resales for $80m Thai shipowner takes advantage of distressed asset sales and achieves low price
Rates to remain low for at least two more years HSBC report holds little hope for price hikes
Alarm bells ringing European shipping watches the clock
IMO offers assistance to Tanzania Secretary-general shocked by loss of life in Spice Islander I casualty
Boxships face less risk of Cosco-style charter revisions Morgan Stanley flags Costamare stock opportunity after blaming investor 'confusion' over Cosco for price blip
Grand claims Maersk Line has set a high standard for itself and the liner industry
Credit Agricole and RBS oppose Seaarland effort to secure cash lifeline Borrower 'cannot lend its own money to itself' while lenders with superior liens remain unpaid, banks argue
London insurance market urged to improve service Calls for more reliability
Maersk Line unveils daily revolution to Asia-Europe service New 'ocean conveyor belt' promises to improve reliability with daily cargo cut-offs
Revenues jump 57% at Global Ports Investments Increase box throughput and pricing lifts figures
Capesize market hopeful of continued increase in Chinese iron ore imports Preliminary data shows August volumes reached 59.1m tonnes
Even slower steaming will help boxship revival Analyst says containers vessels could slow their average speed further and help reduce overcapacity
Cash buyers bank on pick up in Bangladesh shipbreaking activity Chittagong demolition yards have until October 12 to import vessels before regulations are reviewed
Shanghai August box throughput up 6.2% on year Port busier than 2010 but volume slides compared to July 2011
Plunging ship values hit Braemar's income Group's shipbroking division set to see 18% drop in revenue for the full financial year
Hellenic looks on the bright side despite profit dip AIM-listed owner of five bulkers axes interim dividend to conserve cash but suspends judgement on later 2011 payout
Jones Act clause inserted LANGUAGE has been added to a US budget package that, if passed, will make it much more difficult to secure Jones Act waivers for crude cargoes
Technip taking over Global TECHNIP, the French energy engineering and construction group, is to take over the US subsea construction and pipe-laying group Global Industries
Hundreds on ferry killed MORE THAN 240 people were confirmed dead today in the capsizing of a passenger ferry transiting the Tanzanian islands of Zanzibar and Pemba
Bankruptcy fight escalates MARCO Polo Seatrade is facing a make-or-break Chapter 11 hearing this week as its senior lenders line up to fight a new loan agreement
Argentina acts to end strike A STRIKE that paralysed river traffic for 16 days between Paraguay and Argentina has ended, IHS Global Insight reported today
Box rate slip explained EXCESS capacity that is built into the box ship market is being blamed for last week's big slip in rates
Hellenic down but upbeat HELLENIC Carriers today blamed poor freight rates and vessel oversupply for year-on-year revenue losses of almost $10M for 1H11
Drybulk rebound fade warned PRECIOUS Shipping boss Khalid Hashim warned today the drybulk shipping recovery might fade before year-end
Asia box ships seen insulated INTRA-ASIA box routes offer "pockets of hope", DnB NOR shipping analyst Erik Bergöö said today, in contrast with box carriers suffering continuing losses in deepsea shipping
Sting in Katia's tail flogs UK FERRY sailings between the UK and Ireland were curtailed today as Hurricane Katia's remaining rain and wind arrived at the British Isles
Taking China VLCCs with a grain of salt DON'T BE "too frightened" that Chinese-owned groups have been reported ready to order 80 VLCC newbuildings over the next five years, an investment conference was told today
Parents urge cruise law change PARENTS of a long-missing cruise ship worker are to meet UK shipping minister Mike Penning today to push for laws that would give British and European passengers and crew the same protections as US citizens
India lifts export bans BUOYED by bulging stocks and a bumper harvest, India has lifted its four-year ban on wheat exports
Oz strike could spread as BHP talks fail COKING coal miners pressed their strike at a BHP Billiton JV in Australia today after weekend labour talks failed
Bangladesh seeks port loan BANGLADESH Petroleum reportedly said today it had contracted three banks to arrange a $150M loan, with the scheme partly directed at port financing
Congress Poised to Extend Transportation Spending Leadership in the House and Senate reached agreement Monday on plans to extend highway and aviation spending for four months...
DHL Express Gains Three 777 Freighters DHL Express signed a multi-year agreement with Southern Air to operate three 777 freighters, increasing the German carrier's fleet to...
US Rail Intermodal, Industrial Loads Grew in August Major U.S. railroads saw a slight gain during August in intermodal traffic and a bigger gain in carloadings of industrial...
Japan, Colombia Eye Free Trade Pact Japan and Colombia agreed on Monday to launch a joint study on a free trade agreement aimed at eliminating import...
Excel Shipping Joins INTTRA Excel Shipping said its new membership in the INTTRA's ocean shipping e-commerce network will allow the U.K.-based non-vessel common carrier...
Maersk to Compensate Shippers for Late Cargo Maersk Line is setting a standardized cut-off time for cargo being loaded on vessels on its Asia-Europe services, and the...
DOT's August Stimulus Payouts Near $700 Million The Department of Transportation in August reimbursed states nearly $700 million for construction projects backed by the 2009 American Recovery...
MSC To Transship Australian Cargo at Italian Port Mediterranean Shipping Co. will use Italy's Port of Gioia Tauro to transship all cargo moving from ports in the United...
Europe's Exports to North America Rise 9.4 Percent The weaker euro boosted Europe's July exports to North America 9.4 percent to 311,000 20-foot equivalent container units, as all...
India's Exports Up 44.2 Percent India's exports surged for the fifth successive month in August, growing 44.2 percent year-over-year to $24.3 billion, amid indications that...
Navigating a Sea Change Patrick Halloran takes great pains to provide the carriers that transport Cardinal Health's global shipments of medical supplies with his...
Commodities Get Water Resistant At a moment when the U.S. employment machine is stuck in neutral and policymakers or advocacy groups are rushing out...
Come On, Irene North America's rail networks began September trying to dry out. High water hit the rail system hard in the Northeast...
Unlocking Hidden Capacity Trucking companies loath to add capacity by buying new tractors or trailers are turning to technology to unlock capacity hidden...
Weather Splits Rails It's a tale of two railroads, both operating through some of the worst of times in terms of nature's wrath,...
Grooming for Growth Sylvie Vachon joined the Montreal Port Authority in 1990, managing the departments of Financial Services, Land and Property, Procurement and...
Shipping's New Sales Force A number of friends have asked recently, "What's it like, working that side of the street?" That "side of the...
A Weaker Peak When consumers don't buy, retailers don't order and ship. Bad economic news is undermining container lines' hopes for a strong...
Slow Climb to the Peak Ocean carrier executives breathed a sigh of relief last month when the Container Rate Benchmark published by Drewry Shipping Consultants...
Top Heavy Top 40 In the run-up to the 2011 peak shipping season, the world's largest ocean carriers engaged in a form of slow-steaming,...
Who's Not Suing the FMCSA? If rule-making at the Federal Motor Carrier Safety Administration continues this fall the way it's been going, the agency may...
Super-Sizing Transport Needs The U.S. port industry isn't waiting to see how President Obama and Congress sort out September deadlines over transportation funding...
A Stimulating Impasse If President Obama and his GOP adversaries in Congress are going to hammer out any agreement this fall on new...
The US may have won a trade battle, but the war rumbles on US Trade Representative and jobs crusader, Ronald Kirk, was triumphant: the slow-talking Texan recently declared 'victory' over China in the latest tit-for-tat trade war between the world's top two super economic powers. But, was it a win for the fight against American unemployment, or a ramping up of beggar-thy-neighbour protectionism that could stymie world trade?
Lifetime achievers announced
Shipping industry demands 'bold new strategy' to halt Somali pirates
Russians declare record profits
Greek default talk spooks markets
Maintenance tax 'key factor' in causing US ports to lose cargo to Mexico and Canada
Senators request FMC cargo diversion probe Washington State's two U.S. senators have asked the U.S. Federal Maritime Commission to investigate the extent to which the federal Harbor Maintenance Tax (HMT) and "other factors" are causing U.S.-bound cargo to be routed through ports in Canada ...
Asia/Europe volume up, rate down in July Asia/Europe ocean freight rates continued their nosedive in July, according to thelatest figures from Container Trades Statistics(CTS), which gathers volume and price information from carriers on trades to and from Europe. CTS's rate index on westb...
SeaIntel unveils reliability index Maritime analyst SeaIntel on Monday released a new measure of liner carrier reliability. The SeaIntel Global Liner Schedule Reliability report will track, on a monthly basis, 1,300 vessels arriving at more than 200 ports globally, with reliability...
CMA CGM alters U.S. East Coast/Caribbean network Liner carrier CMA CGM is altering the rotation of a service linking the U.S. East Coast and the Caribbean ahead of the suspension of its Black Pearl service between the U.S. East Coast, the Caribbean and the northern coast of South America. The li...
CMA CGM starts Russia/China service CMA CGM has started a service between eastern Russia and China as it drops out of a slot-buying agreement with FESCO on the same trade, according to American Shipper affiliate ComPair Data. The French line has started its Russian Far East Express s...
T. Parker Host expands in U.S. Gulf T. Parker Host has purchased all the outstanding shares of NSA Agencies, adding offices in Houston; New Orleans; Mobile, Ala.; and Tampa, Fla.NSA Agencies (successor to Navios Ship Agency) will now become part of the T. Parker Host group. George Du...
T.S. Lines rejoins Shanghai/Japan shuttle Intra-Asia carrier T.S. Lines has joined a shuttle between Japan and Shanghai operated by Grand China Shipping, according to research from American Shipper affiliate ComPair Data. The carrier has joined the EKX service, which operates with one vess...
Air lessor worries about overproduction The head of one of the world's largest aircraft leasing companies said he is nervous over the prospect of plane manufacturers Airbus and Boeing increasing production by up to 50 percent in the next few years, according to a report over the weekend...
US bill prohibits European emission trading scheme Plan to include aviation, and possibly shipping, seen as a 'violation of US sovereignty and international law.'
GMT expanding following 'strategic alliance' with FOBAS Expecting an increase in testing activity and turnover after selling a stake in the firm to LR.
Fujariah prices fall Deliveries were available for supply up to and including September 26 in Cape Town.
Bunker prices drop across Europe No prompt deliveries being carried out in Piraeus.
SMP testing cutting-edge lube Alexia S4 is designed to help ship operators reduce 'lifetime operating costs and operational complexity'.
Toyota in deal to cut harmful emissions Port of Long Beach wants environmental concessions in exchange for renewing lease on port terminal.
Danish authorities fight bunker spill Unknown quantity of bunker fuel has leaked after a trawler pierced the hull of a cargo ship.
Solar technology 'is improving very rapidly' High bunker prices mean ship operators' priorities are changing, says head of Hong Kong Shipowners Association.
New Asia trading head at Chemoil Jacob Gay tasked to expand Chemoil's fuel oil business in both East Asia and the Middle East.
Double-digit drop in Asian bunker prices Public holiday in Busan on Monday.
Singapore may see 'flowmeter certified' bunker tanker by year end Guideline on bunkering based on flowmeters may come 'soon', says Chairman of Technical Committee for Bunkering at SPRING Singapore.
60% of top 20 liners post losses CSAV worst performing box carrier in the first half of 2011.
Private bunker players not 'to be shut off' from Hambantota Private sector could handle bunker trading, says Interocean Energy director.
Improved revenues buffer impact of high bunker costs Chemical tanker shipping firm 'benefits' from 10-15% increase in rates in the chemical tanker segment.
Singapore to see world's first hybrid bunker tankers Hong Lam to receive first of six 5,600 dwt diesel-electric hybrid bunker tankers in September.
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