US$1m offered for best port plan A BIG prize - US$1 million - is being offered for the solution to a big-ship problem.
Jurong Port, MPA in $12m green port programme JURONG Port and the Maritime and Port Authority of Singapore (MPA) are coming up with a total of $12 million for a green port and productivity programme, which was launched yesterday.
Maersk sells LNG unit to Teekay, Marubeni Global maritime transport group Teekay LNG and Japanese trading company Marubeni Corp have agreed to buy Danish shipping group AP Moller-Maersk's liquefied natural gas (LNG) shipping unit.
Shipping lines delay Asia-US rate plan due to uncertainty
Vossloh again adjusts profit forecast The Vossloh Group, a global player in selected rail infrastructure and rail technology markets, has again adjusted its sales and earnings expectations. Following a series of advers...
Germany and Switzerland agree simplified cross-border traffic Germany and Switzerland will in the future mutually recognise their licensing procedures for locomotives, tractor trains and passenger wagons. A corresponding treaty has recently b...
Cathay Pacific rolls out new Chengdu freighter service Hong Kong's Cathay Pacific Airways today launched a new scheduled twice-weekly freighter service to Chengdu, one of the fast-developing cargo markets in western China. The new serv...
Globe Air Cargo wins SAS Cargo contract in Germany Scandinavian Airlines Cargo has awarded an exclusive cargo general sales agency contract in Germany to Globe Air Cargo, part of the ECS Group, which already acts as SAS Cargo's GSA...
Swisslog wins major order in the US Swisslog has won a major order for an automated distribution centre from a cash-rich Fortune 200 retail company in the south of the US. Swisslog is a global provider of integrated ...
Kuehne + Nagel acquires Drude Logistik Kuehne + Nagel has signed an agreement to acquire the logistics company Carl Drude & Co, which is based in Hauneck/Bad Hersfeld (Germany). The takeover is part of K+N's expansi...
Hainan Airlines cancels Kolkata service two weeks after launch The Chinese carrier Hainan Airlines is already ending its two-weekly Shenzhen-Kolkata (India) route, which only lasted two weeks. It was launched on 27 September with a Boeing 737-...
Scania to cut production from November Scania, one of the world's leading manufacturers of trucks, will adjust its production rate at its units in Europe by 10-15% from November. The background is a fall in demand in va...
Hamburg Süd's "Santa Rosa" named in Buenos Aires The shipping line Hamburg Süd's containership "Santa Rosa" was recently named in Buenos Aires (Argentina). The "Santa Rosa" is the sixth new vessel in a series ...
Major investment needed in North Rhine-Westphalia waterways North Rhine-Westphalia is Germany's top inland navigation state. At 124 million t of goods, more than 50% of Germany's inland navigation total was shipped in NRW in 2010. 25% of go...
APM Terminals to manage Sweden's largest container terminal Executives from the port of Gothenburg and APM Terminals were on site recently for the concession signing ceremony for Sweden's Skandia Container Terminal. The decision reflects th...
Longer trailer trials in UK from January The UK's Department for Transport (DfT) is conducting a trial of up to 1,800 semi-trailers: up to 900 of a maximum length increase of 1 m (between 13.6 and 14.6 m), and up to 900 o...
Copenhagen's gentle cyclists are on the right road As the debate continues on slow steaming, the UK is allowing cars to emit more pollution by raising its speed limit
Ferry geese that lay golden eggs Why should an environmentally sustainable means of moving people and goods be targeted by green activists and regulators?
NewLead secures second TMT arbitration Michael Zolotas-controlled tanker and bulk operator wins round two in its battle to claw back cash from Nobu Su outfit
RBD Armatori sells capesize newbuilding at a loss Italian shipowner understood to have accepted $50m for bulker, well down on 2008 contract prices
IEA downgrades oil demand for 2012 Drop due to slow global economic growth and lower consumption from developing nations
UK U-turn on armed guards lifts threat of shipowner prosecution Government position expected to clarify legality of using private security on board UK flagged vessels
EU urged to create combined military piracy task force for onboard defence MEPs also want Brussels to consider set-up of financial unit that tracks ransom payments
Middle East VLCC supply plummets as ships head to West Africa West Africa-Asia route provides slight earnings premium on benchmark Middle East route, but the latter could soon be on the rise
MSC continues to pressure panamax boxship charter prices Line reported to have taken two German-owned vessels for just $8,000 a day
Swiber nabs $102m offshore deal Southeast Asian companies boost revenues
China and Vietnam to co-operate on maritime disputes Move should ease development problems in the area
Albanese's regulatory reform divides opinion Down Under Transport minister faces brickbats and bouquets over plans to reform Australia's regulatory regime
'It should have happened 20 years ago' A former master mariner who is also a senior associate at Norton Rose gives his judgement
Cruising to a SOx solution Cruise Lines International Association argues that a vessel could burn high-sulphur fuel in an ECA
Container industry still has legs 'Keen competition' to run Gothenburg's Skandia terminal shows long-term faith in the container sector
Newbuildings keep arriving as VLCC values plunge Sunoco Refineries' recent decision to exit the refining business threatens further negative consequences
Bank lending figures signal funds drying up Syndicated lending for the three months to the end of September down by almost half from just over $20bn in the second quarter of this year
European banks feel the heat as crunch continues Biggest threat to the shipping industry is unwillingness of banks to guarantee trade deals
Nothing but the best A Cambridge University setting lent Lloyd's Maritime Academy summer schools an aura of film set glamour and impressive history
Teekay and Marubeni in $1.4bn swoop on Maersk LNG Maersk offloads gas carrier division
Thoresen Thai pares costs and eyes new vessel acquisitions New chief Ian Claxton has overhauled operations in move from Bangkok to Singapore
Rena breakup looms as authorities charge master and second officer Vessel suffers 'substantial structural failure' as containers continue to fall
Bahamas operators in the spotlight as Seaboard Marine exits Nassau Market pundits lukewarm towards sale talk
Clyde & Co and BLG to merge Combined maritime law firm and insurance specialist to centre attention on Asia
UK shipping regulation to be shrunk Maritime and Coastguard Agency chief's speech reveals maritime sector to face review in November
Manila names Rena's captain MANILA today defied a New Zealand court's move to prevent a captain being named in his box ship's disastrous grounding
UK nears guards policy THE UK's new policy on armed guards in piracy zone is almost complete, with regulations to be issued soon, the British Foreign Office said today
Clyde & Co makes additions CLYDE & Co said today it will combine with fellow shipping law firm Barlow Lyde & Gilbert on 1 November
BLG, FESCO join forces GERMAN ports-to-logistics group BLG Logistics and Russia's FESCO are investing €10M ($13.8M) in a joint venture for intermodal transport of finished vehicles in Russia
Get 'holistic' to fight pirates EUROPE'S leading shipowner and seafarer representative bodies have urged the EU to take a "holistic" approach to addressing piracy
Safety violations found in Subic inquiry KEPPEL'S Subic Shipyard violated safety standards, leading to the deaths of six workers and injury to seven others last week, government investigators have determined
APM sells Maersk LNG TEEKAY and Marubeni have bought AP Møller-Maersk's LNG carrier business, the Copenhagen shipping giant said today
Will Caribbean 'feed' US? PROSPECTS for Caribbean terminals to serve as feeder hubs for US East Coast ports have been questioned by Norbridge partner James Brennan
Kremlin sets export penalty for grain THE KREMLIN has made good on an earlier threat to penalize grain exports if export tonnage threatens domestic supplies
Silver lining emerging for tankers BET ON emerging economies to shorten the journey to recovery, oil tanker owners were advised today
Singapore soft power urged SOFT POWER in the answer for Singapore maintaining its position as a shipping hub, the inaugural Singapore Maritime Institute forum was told today
Thais brace for port flood THAILAND'S national ports authority has reportedly warned national gateway port Laem Chabang to be prepared to handle extra cargo
Drybulk port snarls worsen SNARLS in major drybulk ports have worsened, with delays in major coal and iron ore ports increasing by 15% week on week
Singapore eyes box expansion SINGAPORE, the world's second-busiest box port, said today it must expand such facilities further to cope with the demand for ever-bigger container ships
LA-LB Called Upon to Cover Alameda Shorfall With cargo volumes moving through the Alameda Corridor in Southern California still recovering from the 2008-09 recession, the ports of...
Log, Lumber Exports to China Expected to Double The value of Canadian and U.S. log and lumber shipments to China in 2011 will double to $2.6 billion from...
Horizon Plans Westbound Pacific Rate Increase Horizon Lines said it will raise rates on its U.S. shipments to China on Nov. 1 to match announced increases...
Jobs Council Pushes I-Bank, Transport Spending The CEOs in President Obama's advisory jobs council are pushing for big federal investments in transportation networks and energy systems,...
Port of LA Container Imports Flat in September Containerized imports at the Port of Los Angeles were flat in September, indicating that peak shipping season this year will...
Indian Government Says SCI Not in Financial Crisis India's Shipping Ministry denied that state-owned Shipping Corporation of India is in the midst of a financial crisis, requiring the...
Mica Says Infrastructure Bank "Dead on Arrival" Transportation and Infrastructure Committee Chairman John Mica said "a national infrastructure bank is dead on arrival in the House," after...
Celadon Buys $4.7 Million Stake in USA Truck Celadon Group purchased a 6.3 percent stake in rival truckload carrier USA Truck for $4.7 million, raising the prospect of...
CSX Touts Headway on Gateway Corridor Work CSX Transportation said it has completed nearly a third of federally aided track clearance projects so that doublestack container trains...
Trans-Pacific Spot Rates Hit 21-Month Low Spot rates for container shipments from Hong Kong to Los Angeles fell below $1,500 per 40-foot-equivalent unit for the first...
TPM Long Beach Set For March 5-6, 2012 (Video) Peter Tirschwell, V.P. of strategy for UBM Global Trade, the parent company of JOC, announces the dates for the 12th...
Panama Finishes Next-to-Last Phase of Pacific Locks The Panama Canal Authority completed the third phase of digging the excavation for the new locks on the Pacific side...
Dependable Companies Switches on Solar Power The Dependable Companies is turning to a dependable source of energy to power its headquarters ' the sun. ...
OOCL's Yao Says Low Rates Won't Save Carriers Container ship lines face renewed losses because they have reverted to their habit of emphasizing "price, price, price instead of...
A.P. Moller-Maersk Sells LNG Fleet For $1.4 Billion A.P. Moller-Maersk is selling its liquefied natural gas fleet to a joint venture between Teekay and Marubeni Corp for $1.4...
Lufthansa Cargo Traffic Slumps 5.1 Percent Lufthansa Cargo carried 5.1 percent less freight in September than a year ago, in contrast to a significantly smaller decline...
Night Flight Ban to Disrupt Lufthansa Cargo Flights Lufthansa Cargo's freighter services are facing serious disruption and sizable financial losses after a court banned night flights at its...
India's Exports Surge 36.3 Percent India's exports surged 36.3 percent year-over-year to $24.8 billion in September, according to latest provisional figures released by the Commerce...
BNSF Says Panama Canal Won't Hurt West Coast Ports BNSF Railway intermodal executive Fred Malesa does not believe West Coast ports will lose much market share in the Asian...
Ocean Carriers Consider New Capacity Cutbacks Struggling with sliding rates amid plentiful capacity on major world trade lanes, several container line executives say they are starting...
Shippers Provide Carriers With Rolling Forecasts Several large shippers say they are now providing rolling forecasts of their demand outlook to improve coordination with ocean carriers...
Obama Jobs Plan Falls Short in Senate President Obama's big push for Congress to pass a jobs plan laden with new transportation funding fell well short Tuesday...
Senate OKs Sanctions Against Chinese Currency The Senate voted 63-35 Tuesday evening to give the Treasury Department and U.S. companies more leeway to target foreign currencies...
Pacific Carriers Reconfirm Export Rate Hikes Carriers in the westbound Pacific trades reconfirmed their intention to implement export rate increases generally of $100 to $200 per...
Street toasts Teekay deal Wall Street attempts to fill in the blanks following Teekay Corp daughter's $1.4bn raid on Maersk's LNG fleet.
Costamare's question mark Analyst worries environmental impact of Rena grounding will trump lost earnings at Costamare.
There will be blood Rate rebound may fuel rosier sentiment in the third quarter but analyst still expects red ink to flow as bulker values retreat.
Ocean Rig bags drill job George Economou praises rising rates as DryShips drilling spin-off secures $96m deal.
BP charter victory overturned London appeal court rules that Saudi shipowner entitled to demurrage for delays to VLCC.
Tankers hurt Gotland Lower rates for Swedish owner's products carriers bring down profit in eight months to 31 August.
NewLead trumps TMT again Nasdaq-listed owner secures second arbitration victory over Nobu Su's TMT Bulk.
Date set for US-Asia rates Lines have agreed on transpacific rates to "avoid confusion in the marketplace".
Time short for Albedo crew Families fear for seafarers on hijacked Malaysian boxship as deadline for payment of ransom looms.
PST delist a step closer Singapore-listed shipping trust readies itself to leave exchange and go private.
Norilsk goes it alone Russian owner gets multipurpose through Northern Sea Route without help from icebreaker.
Spooked lines delay targets Christmas might be coming but US-Asia trade routes mired in uncertainty as rate setting delayed.
Partial ownership works Indian steel chief Capt Rahul Bhargava sees a healthy upside in owning assets despite pessimism about immediate prospects for the dry cargo market.
Westbound transpacific rate hike announced The 10 container shipping companies that are members of the Westbound Transpacific Stabilization Agreement (WTSA) said they intend to implement guidelines calling for an increase in freight rates for U.S.-to-Asia cargo, effective Nov. 1. WTSA said...
Maersk pockets $1.4 billion from LNG fleet sale The A.P. Moller-Maersk Group said Wednesday it has agreed to sell its liquefied natural gas business to Teekay LNG Operating LLC and Marubeni Corp. for $1.4 billion. Maersk has indicated throughout the summer that it planned to dispose of its eigh...
New Zealand boxship casualty worsens Government officials in New Zealand said a containership that ran aground last Wednesday on Astrolabe Reef near Tauranga Harbor is leaking more oil, losing containers, and has developed a crack. Maritime New Zealand said the vesselRena , which is ...
FMC meets with Shanghai Shipping Exchange officials The Federal Maritime Commission on Tuesday began meetings with officials from the Shanghai Shipping Exchange in an effort to address U.S. shipper and non-vessel-operating common carrier concerns about the purpose and management of certain sensitiv...
Alphaliner: Containership order book at $57 billion Container shipping companies have ordered ships with about 2.4 million TEUs of capacity for $27 billion since September 2008, compared to 2.1 million TEUs of capacity for $30 billion before the financial crisis, said shipping research firm Alphalin...
Maersk tops SeaIntel's schedule index Maersk Line, Hamburg Süd, and MOL in September retained their positions as the three lines with the highest on-time performance in the liner industry, according to the latest figures from maritime analyst SeaIntel. Maersk's on-time performance ros...
MSC-CSAV India/Europe service changes An India-Europe loop jointly operated by Mediterranean Shipping Co. and CSAV has undergone a rotation change from this week, CSAV said in an advisory.The service, called IPAK by MSC and IMEX by CSAV, will drop calls in Bremerhaven and add calls in...
Sustainable Shipping Conference sold out Experts gather in Vancouver to hear the latest on key maritime issues and discuss ways to overcome the challenges together.
Bunker prices rise in Fujairah In Cape Town, deliveries were available for supply up to and including October 26.
Gazpromneft Marine Bunker sets ambitious target Supplier plans to be selling 7 million mt of bunker product by 2020.
Strong gains in North European bunker prices Strike called off by Hellenic refinery workers in Greece.
Another officer faces charges over NZ bunker spill Court grants Master 'anonymity' over fears for his safety.
Oil price fundamentals have 'strengthened' 'Inflation, solved debt crisis and economic growth will support oil prices as we enter 2012,' says Global Risk Management.
Prosecutors call for $1.75 million fines for bunker spill Shipping companies should also make a 'public apology' and give funds to environmental body, court told.
Fitch revises Sovcomflot's outlook to 'negative' 'Overcapacity, low freight rates and high bunker costs' adding pressure to Sovcomflot's financial metrics, says Fitch Ratings.
Mid-week bunker prices jump at major ports Avails of bunker fuel mixed at key Asian ports on Wednesday.
Bunker tanker resumes ops in Australian port Dry docking of bunker tanker Zemira 'proceeded as planned,' says Shell Marine.
Containers fall off stricken vessel in New Zealand Master of Rena charged and arrested by Maritime New Zealand.
Shipping firm sees 'strong' revenue growth in second half Fuel cost recovery programme helped Interbulk's margins recover in second half.
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