China launches ship trading price index China issued its first ship trading price index on Saturday in Beijing as it aims to provide more information on price fluctuations for ship traders and industry supervisors.
Nigeria approves national shipping carrier The Nigerian Maritime Administration and Safety Agency (NIMASA) has been given approval to establish a national carrier, a top government official has said.
Turkish augments freighter fleet Turkish Cargo, the sponsor of the International Air Transport Association (Iata)'s fifth World Cargo Symposium, which was held in Istanbul and ended yesterday (10 March), has order...
ABC uses Traxon cargo data management portal Moscow headquartered AirBridgeCargo Airlines (ABC), the biggest Russian scheduled all cargo airline, has extended its cooperation with Traxon Europe, an international e-communicati...
GVK now majority stake holder in MIAL GVK, a Hyderabad (India)-based diversified business entity with a focus on infrastructure and urban infrastructure projects, has signed an agreement to buy a 13.5% stake in Mumbai ...
Tirsan delivers 32 vehicles to Boytrans The Turkish trailer manufacturer Tirsan has delivered 32 vehicles to Boytrans Lojistik, a service provider located in Kayseri in central Anatolia (Turkey). The new units encom...
100'000th train through the L'tschberg tunnel A BLS train was recently the 100,000th to travel through the L'tschberg deep level tunnel in Switzerland. The train was operating a rolling motorway service for ...
Rotterdam's port authority finds new CFO The Port of Rotterdam authority will be able to fill the position of chief financial office (CFO), which has been vacant since the beginning of the current year. With effect from 1...
Construction work on the UAE's first national rail network to start this year According to media reports in the United Arab Emirates, construction work on the UAE's first national rail network is set to start in mid-2011. The project foresees building a tota...
Renk: MAN subsidiary registered strong order intake in 2010 Renk AG saw its order intake soar by 79 % to EUR 525 million in 2010, thus surpassing the EUR 500-million mark for the first time. Its vehicle transmissions business sector&nb...
Grand Alliance relaunches JCX service The Grand Alliance members Hapag-Lloyd (HL), Nippon Yusen Kaisha (NYK), and Orient Overseas Container Line (OOCL) are enhancing their transpacific West Coast services. The Japan Ch...
Wincanton inks logistics contract with fashion label WDT The European contract logistics service provider Wincanton has signed a three-year contract with the British fashion label World Design & Trade (WDT). Wincanton will assume res...
SAEC's Reefer Express returns The seasonal weekly SAEC's Reefer Express (REX) service, which was launched three years ago to provide extra capacity during the South African peak fruit season, will be back for t...
New shipping line provides weekly Hamburg-east coast of South America link The containership "Hanjin Chennai" docked at the port of Hamburg (Germany) for the first time on 6 March 2011. The vessel operates a new joint service (ESE), sh...
DB Schenker Logistics to use GPS tracking for swap bodies Schenker Germany is introducing nationwide GPS tracking systems for all the swap bodies in its pool. The tracking system will enable the company to better support the logistic...
UPS: a tenant in Magna Park Rhein-Main The global logistics property developer Gazeley has signed a rental agreement with UPS for around 3,200 sqm of hall and office space at Magna Park Rhein-Main, 45 km north of Frankf...
The Week Ahead Dry bulk sector braced for delays and cancellations
Sovcomflot leads way as ambitions in harsh climes of the Arctic hot up The forward thinking style has highlighted the importance of harsh environments
BDI rally forecast to slide after 11th day of gains Panamax transatlantic rates hit $17,139 per day, but number of ships on the spot market rises
Capesize market left weighing up impact from Japanese earthquake 'It's been a weird week' for struggling sector as brokers prepare for delays and cancellations
PTT charters aframax for $15,500 Thailand's oil and gas company PTT has chartered the Dubai-owned, 2009-built, 110,000 dwt aframax Caspian Galaxy for six months at $15,500 per da
Primorsk oil deliveries redirected as ice disrupts Russian ports Russian pipeline monopoly Transneft said on Friday that it had redirected oil deliveries to the Black Sea port of Novorossiysk from Primorsk on the Baltic Sea, which is blocked by heavy ice
Over 3,000 vessels were positioned close to Japan tsunami Exclusive satellite tracking analysis reveals full extent of vessels close to epicentre
Japanese insurers brace for premium hikes Rate hikes likely to be unavoidable following devastating effects of tsunami
Get real on charter rates It is interesting to examine the apparent disconnect between containership charter rates and box freight rates
Shipping's new rich It is clear the Forbes Rich List will be filled with more new names with shipping connections
Horizon wins respite on debt refinancing Agrees deal with lenders over $533m debt
Los Angeles operations suspended Precautionary measure taken against Japan tsunami
Marseilles operations back to normal Riot police break up a month-long strike by workers at SNCM
Star Bulk re-charters Korea Line supramax Star Gamma enters new time charter with STX Pan Ocean
Torm gives assurance over loan convenants Looking at range of initiatives to avoid breaking loan covenants
Singapore companies sue Drydocks World Dubai World shiprepair unit sued for alleged non-payment of bills
Korea Line creditors line up ahead of bankruptcy hearing Nordea arrests second ship as Oldendorff makes new demand over K Daphne bunkers
HCI calls for package solution to Beluga affected ships Total of 20 ships in 17 funds issued by HCI are employed at the German heavylift carrier
APMT Yokohama box terminal shut Terminal closed for inspection but expected to reopen on Saturday
Owners unable to meet Europe emissions target Seek leniency on enforcement of 2015 rules
Congestion pushes up rates at St Petersburg Lines impose fees due to congestion caused by severe winter conditions
Bullying still widespread in shipping Survey says problem could add to recruitment and retention challenges in the industry
OFT to review Southampton import box fee UK forwarders approaches Office of Fair Trading to review the £3 surcharge
Malmö Ports car volumes surge 56% Port operator's car imports hit 322,000 units in 2010
Box lines reject sky high charter rates NOL to return six ships to their owners when charters expire this year due to 'extraordinarily high' asking prices
Just-in-time shippers warned over Japan quake impact Manufacturers dependent on Japanese parts may face supply chain breakdown
Dry bulk markets at risk from Japan ports shutdown Major earthquake halts discharging operations
Widdows vows to fight spread of freight derivatives Box freight derivatives 'dangerous and unhealthy' says NOL boss
OSG credit ratings cut CREDIT rating agency Moody's today graded down its assessment of tanker major Overseas Shipholding Group and warned of sustained market weakness
LNG price rise expected after quake A SPIKE in global LNG prices is expected after Japan was forced to shut down operations at nuclear power plants following today's earthquake and tsunami
KL charter terminations spread NASDAQ-listed Star Bulk today announced the termination of its Korea Line charter, mirroring yesterday's disclosure by Paragon
Cocaine haul leads to arrests SPANISH police announced today that they have arrested nine people over the seizure of 1.15 tonnes of cocaine that was shipped through the port of Tarragona
Drybulk hit from tsunami seen DRYBULK markets are likely to take a battering following the earthquake and tsunami that struck Japan today, according to Fearnleys
Carnival issues profit warning CRUISE giant Carnival Corp today pre-announced strong first-quarter results but slashed its full-year 2011 outlook by over $300M
US ports urged to halt operations THE US Coast Guard has recommended that terminal operators halt vessel loading and unloading at West Coast ports after a tsunami alert was issued
Beluga tonnage to be remarketed SHIPOWNERS and financiers of multipurpose vessels on charter to ailing project carrier Beluga Shipping have withdrawn further ships from the carrier
AIS antennae knocked out AIS ANTENNAE along the northern tip of Japan's main island of Honshu have been knocked out by the earthquake and tsunami that hit the country earlier today
Ashika crewman woke to flooded cabin A CREW member of Tongan ferry Princess Ashika has told a court that he awoke to discover his cabin was already flooded several hours before the ship sank, killing 74 people
Sinotrans profits rise A REBOUND in seaborne trade helped China's Sinotrans Shipping record operating profits of $116.3M last year, compared with $86.8M in 2009
DVB posts bumper profits GERMAN shipping bank DVB lifted its profits to a new high last year on the back of strong financing and consulting demand
Eni denies Libya oil loading ENI CEO Paolo Scaroni has stated adamantly that "no crude cargo has been loaded in Libya this week"
Quake hits Asian stocks ASIAN stock markets took a beating today after Japan was hit by its biggest earthquake in 140 years, but shipping stocks have remained fairly stable
Cigarettes seized in Oz AUSTRALIAN Customs and Border Protection authorities are preparing to lay charges after intercepting a large shipment of illegal cigarettes on Brisbane's docks
Homeland Security to Prevent Small Boat Attacks The Department of Homeland Security on Friday announced a strategy to plug one of the biggest breaches in maritime security:...
EU Trustbusters Raid Baltic Rail Freight Carriers European Union trustbusters raided the offices of transport firms in the Baltic region amid suspicions they are involved in a...
West Coast Ports Operating Smoothly UPDATED MARCH 11 AT 4:55 P.M. EST Operations at all West Coast ports were proceeding without interruption Friday afternoon,...
Retail Sales Rose 1 Percent in February U.S. retail and food sales posted a month-to-month gain of 1 percent in February, driven by strong auto sales, the...
Horizon Gets Lender Agreement, at a Price Horizon Lines said its lenders agreed to cancel a default triggered by the company's guilty plea to price-fixing in the...
OOCL, Yang Ming Expand China-Pakistan Services OOCL and Yang Ming plan to expand the port coverage of their joint China-Pakistan Express service and launch a new...
Yangtze River Report Author on Corridor Evolution (Video) Jon Monroe, author of the Yangtze River World Report, discusses the importance of this corridor and its evolution with JOC's...
MSC Restructures Two Asia-Europe Loops Mediterranean Shipping Co. said it is restructuring its Silk and Lion services from Asia to Europe, reducing transit times by...
Lufthansa Cargo Traffic Soars 25.2 Percent Lufthansa Cargo increased freight traffic 25.2 percent in February from a year ago. The German all-cargo carrier said...
Truck Orders May Signal Stronger Recovery The replacement of aging tractors and trailers, deferred for more than two years during the recession, is ramping up in...
Japanese Shipping Stopped by Earthquake and Tsunami Japan's shipping industry and services will be hit across the board by the massive 8.9 magnitude earthquake and tsunami that...
Obama Says US Prepared to Tap Oil Reserve President Obama said the U.S. is prepared to tap the Strategic Petroleum Reserve if needed to make sure enough oil...
Expanded Panama Canal to Face Tough Competition Container volumes moving through the Panama Canal will certainly increase when the canal is enlarged in 2014, but that does...
Port of Seattle's Yoshitani on Port Issues, Forecast for 2011 (Video) Tay Yoshitani, CEO of the Port of Seattle, discusses the port's growth rate forecast for 2011 as well as the...
Dropping Chassis I don't know if there's ever been a subject that so dominates discussion in the freight transportation industry with so...
Making a Valid Claim: Who Signs? Q: One of our clients had the following feedback from a carrier when he submitted his Over, Short or Damage...
Deep Impact As the Panama Canal expansion project draws closer to its 2014 completion date and the global economy recovers, ports along...
Capacity Concerns Ocean vessel capacity was the most pressing concern for shippers at last year's Journal of Commerce Trans-Pacific Maritime Conference. It...
FMCSA Extends Comment Period on EOBR Rule The Department of Transportation is giving the public more time to comment on a proposal that would require electronic onboard...
TSA Notes Challenges in International Screening The Transportation Security Administration is satisfied with its security screening program for goods shipped on domestic passenger airline flights, but...
DOT proposes hazmat handling improvements The U.S. Transportation Department's Pipeline and Hazardous Materials Safety Administration (PHMSA) on Friday proposed a rule that would enhance worker safety when transferring hazardous materials to and from railcars and trucks. In specific, the ...
Roehl heads Beluga's global sales German heavy-lift carrier Beluga Shipping has appointed Joerg Roehl as head of global sales. Roehl Roehl, 40, will lead both the Beluga sales team, as well as the company's global agent network. For 20 years, he has worked in key sales management p...
Hearn heads APL's U.S. eastern region APL Ltd. has named George Hearn vice president and managing director for the U.S. eastern area.Hearn Based in Union, N.J., Hearn will be responsible for operations and sales in the East, as well as sales in the Southeast. He replaces Michael Noone,...
Zim to raise Asia/Europe rates Liner carrier Zim said this week it will raise Asia-to-Europe rates by $250 per TEU as of April 1. The increases apply to all origins in Asia, including the Indian Subcontinent, and all destinations in Europe....
Group calls for CMA CGM to cut Iran ties The group United Against Nuclear Iran (UANI) is asking French shipping company CMA CGM to "cease all business activities in Iran" as part of its campaign to prevent the Iran from possessing nuclear weapons. It is the second shipping company the gr...
Report: Transpacific lines unlikely to achieve GRIs Transpacific container liner carriers are unlikely to achieve rate increases when contracts are renewed this spring, said Neil Dekker, editor of Drewry Shipping Consultants'Container Forecasternewsletter. "On the transpacific, on the contracting s...
'Too much capacity in the system'
Agency questions House appropriator questions CBP budget choicesThe chairman of the House Appropriations subcommittee on homeland security on Wednesday accused the Obama administration of using funhouse mirrors in its fiscal year 2012 budget request for U.S. Custom...
Export highlights U.S. January exports up 2.7% The U.S. Commerce Department reported Thursday that the country's exports of goods and services in January 2011 increased 2.7 percent from December 2010 to $167.7 billion. Study: Large U.S. shippers extend export reachA...
Free trade agreements USDA, industry press lawmakers on South Korea FTA The country's top agriculture chief said congressional approval of the U.S.-South Korea free trade agreement will expand farm exports to this Asian market by $1.8 billion annually. Hatch chides Whit...
Chaotic situation in the eastern Gulf of Finland The ropax vessel Petersburg has been stuck in the ice off Ust Luuga since March 4, when she sailed from Ust Luga. Seanews.ru reported that she was still waiting for
Torm logs huge loss Danish D/S Torm had a terrible 2010, the weak product tanker market generated a major loss. Torm logged a USD 136 million loss before tax, including a USD 16
Bunker prices mostly down as week ends Crude futures settle lower after a massive earthquake and tsunami hit Japan, the world's third-largest oil consumer.
Prices fall in Fujairah Competition among suppliers push prices down.
Estonia toughens up waterway oil handling regulations Government has approved amendments to existing regulations for bunkering and ship-to-ship transfers.
Overturning sulphur limits 'impossible' European Community Shipowners' Association calls instead for postponement of 2015 ECA deadline.
Gibraltar remains closed as Rotterdam prices fall "No demand, nothing whatsoever, not a deal has been done", a player told Bunkerworld.
European ferry operator attacks 'unfair' sulphur limits North European consumers will pay for the higher shipping costs.
New appointment to put Beluga 'back on track' Former CEO charged after US investor found 'significant financial irregularities' when asked to inject more capital in February.
Shipping line to publish bunker consumption details CMA CGM says 'eco-calculator' will help customers take environmentally informed decisions.
Maersk Line: Speed cuts have reached their limit 'If we sail much slower, our customers may not be happy with the transit time.'
Istanbul LSFO demand lower than expected But turnover, and premiums, have increased since CYE Petrol first started offering the ECA-compliant product.
Week closes with falling bunker prices Ample supplies in Singapore, players say.
Cleanup cost for derelict barge to exceed $7.5 million Bunkers to be siphoned off before vessel is cut in half and towed to a dry dock for scrapping.
Bunkering ops halted in Tokyo Bay following quake, tsunami Tsunami alerts in Taiwan, Philippines, Indonesia, Hawaii and Australia after 8.4 magnitude and tsunami hit Japan on Friday.
Vopak eyes expansions in China, Malaysia Investment for expansion projects total some $2.6 billion, says the tank terminal operator.
LNG-fuelled ships 'attractive' for ECAs, says GL Technical committee also revealed advanced new oil tanker design concept which cuts fuel costs.
Bunker avails tightening in Karachi Brisk demand from Pakistan's power sector divert fuel oil supplies from the bunker market.
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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