Oil tanker freight earnings hit 3-month high Earnings from shipping Middle East crude oil to Asia, the world's busiest route for supertankers, rose to the highest in more than three months on increased cargo volumes.
South African Airways takes delivery of Airbus A330 South African Airways has become the latest operator of Airbus A330 aircraft. The A330-200 is the first of six to be delivered to Aircastle Limited during 2011, all of which will b...
SNCB Logistics now operates as an autonomous company SNCB Logistics, a new company, has now become operational, as foreseen in a restructuring plan approved by the European Commission. SNCB Logistics has assumed the use of more then ...
Ken Livingstone and Knorr-Bremse Austria receive European Railway Award The European Railway Award 2011, sponsored by the Community of European Railway and Infrastructure Companies (CER), the Executive Interim Management (EIM) and the European Rai...
SCT Logistics opens Australian interstate railfreight terminal SCT Logistics recently opened its USD 30 million new interstate railfreight terminal, allowing trains to effectively pull up at the backdoor of warehouses. The enterprise has added...
Volvo selling more trucks Volvo, which sells trucks under the Mack, Renault and UD Trucks brands as well as its own name, said its sales in 2010 jumped by 28% to 48,041 vehicles, up from 37,678 units in 200...
New South African driver's licence legislation delayed The South African transport department in Pretoria has delayed putting into motion amended national road traffic regulations, which would make it illegal to drive a light motor veh...
UK policies will destroy legacy of British aviation, says Iata In a speech to the Aviation Club in London, Giovanni Bisignani, director general and CEO of the International Air Transport Association (Iata) called on the British government to i...
Hainan Airlines expects huge earnings increase for 2010 China's Hainan Airlines expects to report 2010 net income of more than CNY 2 billion (EUR 225 million), a six-fold increase over the CNY 335 million (EUR 37 million) net profit rep...
Global Ports Investments increases cargo throughput in 2010 The stevedoring companies of the Global Ports Investments group (GPI) handled 1.1 million teu, 59,463 ro-ro cargo units (including cars) and 19.2 million t of other cargo (includin...
First ship calls at new Buenaventura terminal TCBuen, a Buenaventura (Colombia) container terminal belonging to Grup TCB, a leading Spanish port operator, received its first ship, the "Rio Verde", at the end of Janua...
German transport industry calls for strategic expansion of inland waterways The Deutsches Verkehrsforum, a German multi-modal industry association, supports reforms that Germany's national inland waterways and shipping authority (Wasser- und Schifffahrtsve...
Iran floating storage keeps 18 VLCCs off spot market India is latest buyer of Iranian crude affected by trade ban
VLCC earnings surge fourfold after cargo rush Time charter equivalent earnings on the benchmark Middle East to Asia very large crude carrier route quadrupled last week to $42,000 per day
Suezmaxes poised for rates rebound West Africa spot rates expected to strengthen as dearth of VLCCs in Atlantic feeds through
BDI rises but exchange says beware of false dawns The Baltic Dry Index rose by 42 points to 1,178 on Friday, as capesizes rates continued improving
Eritrea arrests jeopardise private anti-piracy forces Detention of former Royal Marines working for PVI raises questions over role of Gulf of Aden country as embarkation gateway
Crude Carriers beats expectations in fourth quarter Chief executive Evangelos Marinakis points to the company's low cash breakeven and modern fleet for profitable results
Bringing home the human cost of Somali piracy The ordinary man and woman fail to link what they buy in the supermarket, or on the petrol station forecourt, with the realities of the pirate problem.
Reduction in light dues to 2008 levels is essential The light dues rate has to be reduced significantly this year to protect the UK's reputation as the premier place to carry on maritime business
IMO anti-piracy plan under scrutiny IMO counterpiracy expert Chris Trelawny answers charges that last week's unveiling of the IMO's anti-piracy action plan was little more than a rebranding of existing policies
How the logistics industry can learn from the ant Today's logistics networks need to be highly sophisticated and able to adapt quickly to unexpected jolts
Slow growth puts UK box terminal expansion plans on hold MDS Transmodal research shows that a full-phase development of several new container projects could provide substantial overcapacity by the end of the decade
Aegean faces investor lawsuits Company alleged to have violated US securities laws
Eitzen Maritime Services posts $2.4m loss Continues to struggle with drop in demand for its services
Atlantico wins $4.6bn Petrobras drillship order Brazilian yard to build seven drillships, to be owned by newly formed entity, Sete Brazil
BaltEx delay must cease It is in the interest of the industry and the Baltic Exchange that the launch of the BaltEx screen is not further delayed
Norwegian Car Carriers in $21m share issue Investors bite at offering of 33.8m new shares
Seafarer or suspect? The US should extend its visa control relaxation to foreign seafarers on board ships calling regularly at US ports
Fears over Suez Canal shutdown abate A strike by workers in the Suez Canal zone has not had any effect on transits or traffic movements, says GAC vice-president Erland Ebbersten in Cairo
Textainer profits up 30% as box volumes rebound Revenue grows 27% to $303.9m in 2010
Ship covered bonds may plug financing gap Investments in ship covered bonds could find more support, says Deutsche Schiffsbank spokesman
Suspected pirates face death penalty for bungled MISC chemtanker hijack Seven men charged with firearm offences in a Kuala Lumpur in the first such prosecution of African pirates in an Asian nation
ConocoPhillips to end Kenai LNG exports Cheap gas from overseas markets pushes Oil major to considering turning facility to imports-only
New York in ballast water retreat Move to abort planned tightening of IMO standard leaves shipowners more confused
DHT pads follow-on with $8m over-allotment Second trip to the New York follow-on share market issue in two years intended for vessel acquisitions, business acquisitions or other strategic alliances
Chemoil records full-year loss of $9.5m Company took $5.1m one-time write-off in fourth quarter.
USCG to police EPA compliance THE US Coast Guard today confirmed an agreement to inspect vessels for compliance with the Environmental Protection Agency's incidental discharge permit
Royal Caribbean pulls order trigger CRUISE major Royal Caribbean today confirmed a letter of intent with Germany's Meyer Werft for its long-rumoured 'Project Sunshine' series of post-Panamax newbuilds
Ship KG placings pick up EQUITY volumes raised in the German KG market for ship financing are slowly recovering from their 2009 trough, according to the German association of closed-end fund arrangers VGF
Euroafrica acquires Sovcomflot ships POLAND'S Euroafrica Shipping Lines has reportedly acquired three ships from Russia's Sovcomflot
India shipping shares battered SHARES in several of India's leading shipping companies have dropped to 52-week lows
Milford Haven cargo spiked in 2010 MILFORD Haven said today the UK port handled 65.6M gt of cargo last year, up from 59M gt in 2009
NY relents on ballast NEW YORK environmental officials have agreed to delay ballast-water rules that critics feared would shut down the Great Lakes system
GE's income drops 35% GREAT Eastern Shipping said today a drastic fall in freight rates caused a 35% fall in income from operations during its October-December quarter
Lithuania eyes Azeri energy LITHUANIA is considering an energy deal with Azerbaijan to ship LNG and oil to the Baltic country, IHS World Markets Energy reported today
Maraesco JV to spend up to $33M SHIPOWNER Maraesco told Fairplay today it plans to spend up to €25M ($33M) developing Spain/Caribbean/South America trade
India allows partial exports of iron ore INDIA'S Supreme Court issued a ruling today enabling traders in Karnataka state to ship iron ore if the contracts involved were cleared before a July ban
EMS losses deepen NORWAY'S Eitzen Maritime Services promised to cut costs today after announcing a 23% year-on-year increase in losses for 2010
Croatia picks yard bid CROATIA'S government has chosen a local tourism company owned by mining businessman Danko Koncar to acquire the majority stakes in two government-run yards
NCC raises $22M OSLO'S Norwegian Car Carriers has raised 125M kroner ($22M) through a private placement of shares
VLCC spot rates rise VLCC SPOT rates on the benchmark Persian Gulf/Japan route have been rising all week on increasing activity, brokers told Fairplay today.
Thailand Repeals Hazmat Insurance Regulation Thailand repealed a new insurance requirement on shipments of hazardous materials that had caused great concern among U.S. suppliers, who...
Connaughton Calls for Water Infrastructure Investment The country needs to invest in the road, rail and water systems that support U.S. ports, with inland waterways systems...
Former T&I Staffer Guilty of Corruption A former House Transportation and Infrastructure Committee staff member faces up to seven years in prison after being found guilty...
Genesee & Wyoming Carloads Jump 27 Percent Rail carload traffic increased 27 percent in January at short line and regional railroad operator Genesee & Wyoming, rising to...
Steen Replaces Ogiermann at Airline Group Atlas Air Worldwide Holdings executive Michael Steen will replace Ulrich Ogiermann as chairman of The International Air Cargo Association, the...
Lawmaker Proposes Cargo Tax for Infrastructure Importers would see a 60 percent increase in transportation taxes if Congress approves a measure aimed at raising revenue for...
LTL Trucker Vitran Loses $43 Million in 2010 Rising costs and a $39 million tax bill led to a $40.2 million loss for less-than-truckload carrier Vitran in the...
FMC to Consider NVO Tariff Filing Rule The Federal Maritime Commission on Feb. 16 will take up the thorny question of exempting non-vessel-operating common carriers from maintaining...
Con-way Freight Hires Yield Manager Con-way Freight hired trucking veteran John P. Burton to help boost the $3.1 billion carrier's less-than-truckload yield. As vice...
Frankfurt, Munich Airports Break Cargo Records Germany's largest airports, Frankfurt and Munich, broke cargo records in January and expect significant growth in 2011. Frankfurt airport...
Oil Imports Send Trade Deficit Higher Rising prices for imported crude oil caused the U.S. trade deficit in December to increase 5.9 percent from the previous...
Amazon Closing Texas DC in Tax Dispute Amazon.com says it will close its distribution center in Irving, Texas, because the state is demanding the Internet retailer pay...
DP World Opens Controversial India Terminal DP World inaugurated the Vallarpadam International Container Transshipment Terminal in India's Port of Cochin Friday. The terminal opened on schedule...
Oakland Port Director Touts Growth, Innovation The Port of Oakland is working with the private sector to increase container volume for the benefit of the entire...
Georgia Ports Chief Urges U.S. Port Infrastructure Investment (Video) Curtis Foltz, Executive Director of the Georgia Ports Authority, talks about U.S. infrastructure needs.
Reversing Share Before the 10-day West Coast port shutdown nearly a decade ago and the various disruptions at the ports of Los...
Stolen Booze: a Potent Mix Q: Some months ago, our company as a broker arranged transportation of a shipment of alcoholic beverages. The shipment...
Baking in Risk Management Looking to cut landed costs, ARCOP announced in November 2010 it had selected Transplace as its 3PL to manage shipments...
10 Questions for One Answer GT Nexus defines landed costs as "the sum of all expenses to purchase, transport and import goods from one place...
Logistics, at What Cost? The global economic downturn halted, at least for a time, the moves by many companies to manage the movements of...
Contract Terms The Danish financial newspaper Borsen reported this month that Maersk Line and logistics operator Kuehne + Nagel signed an agreement...
RCCL in Meyer Werft replay Royal Caribbean unveils order for new generation cruise duo developed under code-name "Project Sunshine".
PB sells chemical duo Diversified Italian owner banks $58m in freshly minted tanker deal as it prepares for South Korean deliveries, brokers say.
NCL turns to ABB Swiss automation and technology contractor set to rake in $50m from contract tied to NCL newbuildings.
Swift scoops orders US shipyard squeezes another $20m out of Egyptian naval contract as Hosni Mubarak hands power to military high command.
Petrobras pens seven Brazil's largest yard group wins race tied to South American energy giant's $4.6bn drillship tender.
Cruise crew murder charge Local man charged with murder of Royal Carribean crew member whose body found near remote beach.
Cosco in Armada win Dispute over bankrupt company in bulk carrier chartering chain to be resolved in London.
STX wins bulker quartet Korean yard group to build four bulk carriers for $160m but shies away from revealing owner or unit sizes.
Asciano could sell New boss of Australian terminals company says operations will be offloaded if no improvement seen.
Pair snare NOCC stock Odin Management and Skagen revealed as two of the big names buying into Norwegian Car Carriers.
Olsen orders crew quartet Norwegian group boosts wind turbine installation operation with new ships at Batservice Mandal.
GE spies tanker 'trigger' Refinery expansion and oil demand to drive product tankers but bulkers face rate woe, India's Great Eastern contends.
Carry on selling Five departures so far in 2011 don't go far enough for New York-listed General Maritime, analysts say.
Hvide Sande wins ferry deal Danish shipyard to build new double-ended passengership for Feggesund service.
Zacchello tanker attacked German manager mum as pirates open fire on Italian-owned chemical carrier 50 miles off Lagos.
Greatship axes Indian IPO 'Prevailing market conditions' put paid to Great Eastern offshoot's planned $150m floatation.
Crude stuns Wall Street Evangelos Marinakis-led tanker owner reports a profit in the fourth quarter to make a mockery of red ink fears.
NOCC issue a hit Oslo-listed car carrier owner now better placed to raise capital after institutional investors gobble up shares in private placement, CEO says.
Costs push EMS into loss Eitzen aims at 2011 return to profitability as recession or not seafarers still need to eat.
Virginia box volume rose 8.6% in 2010 The Port of Virginia experienced an 8.6 percent increased in container volumes last year to 1.9 million TEUS, and overall tonnage grew 2.8 percent to 15.3 million short tons from the 2009 level, the Virginia Port Authority said late last month. The...
Shipco expands Far East/Turkey services Non-vessel-operating common carrier Shipco Transport has expanded its number of new direct services from the Far East to Turkey. The services link several Asia key origins -- Shanghai, Shenzhen, Qingdao and Busan -- to markets in the eastern Medite...
Zenith promotes Ashwell to VP sales Zenith Global Logistics has promoted David Ashwell to the newly created post of vice president of sales. He was director of sales for North America. Conover, N.C.-headquartered Zenith is an international supply chain provider specializing in home f...
DB Schenker wins BMW distribution contract DB Schenker Logistics said Friday it is setting up a logistics center in Leipzig to supply components to BMW car plants in China and South Africa. "It is one of the largest logistics projects we have ever acquired," Karl-Friedrich Rausch, member o...
DHL expands Cincinnati hub DHL will invest $22.5 million to expand its hub operation at the Cincinnati/Northern Kentucky airport to meet the growing demands of international shippers. Starting in March, DHL will build on 19 acres of land leased from the CVG Airport authorit...
U.S., Croatia agree to open skies The United States and Croatia on Feb. 3 signed an open skies agreement, which both sides anticipate will lead to direct flights between the countries. The signing comes almost two years after officials reached an agreement. The agreement is design...
Air cargo climbs 21% in 2010 Freight volumes improved 20.6 percent for airlines in 2010, outstripping the 8.9 percent increase in cargo capacity, the International Air Transport Association reported last week. The freight load factor increased 5.2 percent to 53.8 percent. Pas...
TITAN Salvage names Habib VP TITAN Salvage, a subsidiary of Crowley Maritime Corp., has appointed Capt. Rich Habib to vice president with responsibility for the company''s operations, administration, finance and commercial activities. He is based at TITAN''s headquarters in Po...
OOCL starts empty pickup service Liner carrier OOCL said Friday it has started an empty container pickup appointment service in Hong Kong, where the company is based. "This service is the first of its kind in the shipping industry," OOCL said in a statement. "Customers can make a...
Great Lakes industry presses for dredge funds The worst of the economic recession may be over for the U.S.-flag Great Lakes carriers, but many find they still can't achieve full loads. Several decades of insufficient federal funds for the Army Corps of Engineers to perform maintenance dredging...
Pusher barge system to be upgraded ESL Shipping Ltd has decided to modernise its fleet of pusher barges in the summer of 2011 and will continue its long-term cooperation with the Finnish steel manufacturer Rautaruukki
Ulstein to build offshore vessel for Eidesvik The Norwegian yard group Ulstein has signed a contract with Eidesvik Offshore for the construction of an offshore IMR/ construction vessel for an undisclosed sum. The vessel, an Ulstein SX148
Eivind Kolding new chairman of Danske Bank Eivind Kolding, shipowner at A P Møller-Mærsk and CEO of Maersk Line, has been elected as chairman of the board of directors of Danske Bank. He will take the
Navipac enters JV with emulsion fuel specialist In a pilot project APT installed a blending unit at Navipac's Ecuadorian headquarters, where emulsions were created in diesel generators for power, as well as one of their smaller fueling vessels.
Week ends with mixed prices Crude futures lower after Egyptian President Hosni Mubarak announced his resignation.
IFO prices stable in Fujairah Avails reported to be 'very tight'.
IMO meeting makes no progress on controlling black carbon emissions Cook Islands blames MEPC 'obsession' with GHG as sub-committee requests 'clearer instructions' before discussing possible measures in Arctic region.
Agency warns of problems with fuel lifted in US Gulf 'Out of seven ships which bunkered in the Houston area, three have reported machinery problems,' says Viswa Lab.
Crewman rescued by bunker tanker Sri Lankan Navy says seaman was 'lucky to have been saved'.
Maersk in new agreement with 'emulsion fuel' developer Quadrise Fuels and Maersk have been partnering a development project.
Singapore to embark on 'floating structure' oil storage project Tenders for the construction of the very large floating structure (VLFS) expected around June this year.
Singapore 380 cSt passes $600 mark General 'tightness of avails' at the port, players say.
Another US law firm files complaint against Aegean Complaint filed on behalf of purchasers of Aegean's shares between January 4, 2010 and February 3, 2011.
Shell to 'redevelop' marine fuels facility at Australian port Amid booming demand for marine fuels in the northern western Australia region.
Sinopec Zhoushan month-on-month bunker sales steady Volumes 'limited' by tight bunker avails in market, said company source.
Chemoil posts full year losses despite 'strong' Q4 results Wholesale-retail margin spreads showing 'signs of improvement', says executive chairman Mike Bandy.
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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