Container shipping the most affected by quake Japanese ports handling as much as 7 per cent of the country's industrial output sustained major damage from last week's earthquake, disrupting global supply chains and causing billions of dollars in losses, industry officials said.
Slowing iron demand hurts Baltic Index Demand for iron ore, the biggest dry bulk cargo moved by sea, may weaken after Japan's biggest earthquake on record disrupted steel output, potentially hurting a recovery in the Baltic Dry Index, shipping executives say.
Carlyle in JV with Tiger Group to buy ships Carlyle Group has formed a joint venture with maritime investment firm Tiger Group to buy more than US$5 billion worth of vessels with a group of other investors to tap growing shipping demand in the region.
SIA Cargo adds Sao Paulo to network SIA Cargo which manages bellyhold capacity for its parent company Singapore Airlines, is adding a sixth continent to its route network when Singapore Airlines launches th...
Kota Kinabalu airport in Malaysia to become aviation hub Malaysia has revealed plans to promote Kota Kinabalu international airport in Sabah as its second aviation hub, following Japan's open skies arrangement with the country (cf. ITJ D...
Turkey issues fewer carnet TIRs in February According to the trade and TIR department of the Union of Chambers and Commodity Exchanges of Turkey (T'rkiye ve Odalar Borsalar Birligi), the number of transit permits issued in F...
Pakistan banking on PPPs to refurbish railway Pakistan wants to bring its rolling stock and rail network up to the latest standards. The government said at a recent investors' forum that it will promote this idea by establishi...
USA's freight railroads: record capital investments in 2011 The Association of American Railroads has announced that the nation's freight railroads are planning to spend a record USD 12 billion this year, after a record USD 10.7 billion in ...
USD 300 million loan for roads in Madhya Pradesh The Asian Development Bank (ADB) is extending a 25-year USD 300 million loan for road improvements that will lead to new economic opportunities and improve access to essential...
New multi- purpose maritime community centre opens in India The shipping line Safmarine recently celebrated the double opening of the Kakinada Maritime Community Centre and the ITF Seafarer Centre in the port of Kakinada in India. These cen...
Stute lands LSG Sky Chefs contract Stute Verkehrs-GmbH, a Kuehne + Nagel subsidiary, has been contracted to plan, implement and manage a distribution centre for LSG Sky Chefs Catering Logistics GmbH (LCL). The ...
Chinese New Year slows Hactl handling volumes Hong Kong Air Cargo Terminals Limited (Hactl) recently released its tonnage throughput for February 2011. The Chinese New Year brought a slower month with a total of 163,640 t hand...
Assistant aviation director is one of South Florida's top 50 business women Lauren Stover, Miami-Dade aviation department's assistant director for public safety, security and communications, was chosen from 2,000 nominees to be one of Business Leader Media...
Kuehne + Nagel provides co-packing services for Unilever in Romania Unilever Supply Chain Company AG (USCC), the European supply chain organisation of the consumer goods corporation Unilever, has expanded its cooperation with Kuehne + Nagel in Roma...
Zalando depending on Fiege in France The Fiege Group, a service provider based in Greven (Germany), is responding to the growing challenges of internet commerce by taking on logistics service returns management in Fra...
CMA CGM launches its eco-calculator to measure carbon footprint: The French shipping company CMA CGM will be rolling out an eco-calculator in April. The new service will help clients measure the environmental impact of their supply chain, which ...
Samskip takes delivery of two new vessels Samskip has taken ownership control over two newly-built Damen 800 containerships. According to Jens Holger Nielsen, CEO of Samskip Multimodal Container Logistics, the 804 teu vess...
Earthquake and tsunami hits Japan: all seaports closed A massive earthquake and the tsunami that followed closed three of Japan's airports and all of the country's sea ports on Friday, 11 March. The earthquake, reportedly one with a ma...
LNG spot rates to rise as Japan calls in emergency gas supplies Nuclear plant shutdowns set to create urgent need for gas imports
First known Korea Line charter ship is sold off Arne Blystad offloads bulk carrier Songa Nor for 'close to $18.5m' after bill went unpaid
Baltic Dry Index stabilises after recent 25% gains The Baltic Dry Index fell 3 points to 1,559 on Monday, stabilising after gaining 25% in the last two weeks
MC Amethyst price marks a new low Sinokor, the South Korean bulk carrier and containership operator, has bought the 2011-built, 301,866 dwt very large crude carrier MC Amethyst for $97m, in a deal said by brokers to mark a new low for larger tankers
Asia-Europe rates slide will continue Latest Drewry data says rate falls look set to continue
Car factory closures to hit ro-ro cargoes Shutdown in power supply saw manufacturers temporarily halt production
Eastern ports face indefinite closure Affected ports could be shut for 'considerable amount of time'
MOL and NYK shares fall to 12-month low Stock prices of major and smaller lines fall sharply after earthquake and tsunami
Auto logistics sector weighs up impact of Japan tsunami Uncertainy over when car makers will resume production
Greek owned fleet grows while share slips Rise in tanker tonnage and boxship buys behind growth in total shipping capacity
TEN pays dividend despite fourth quarter loss Impairment charge on ship sale sees Tsakos Energy Navigation post $2.6m net loss
Japan shutdown to put strain on freight rates Short-term dip seen followed by steady rise as demand for commodities grows
Wang set for new role as Seaspan eyes boxship spree To lead growth strategy that could see up to 50 new ships being ordered
DNV makes case for dual-fuel boxships Use of gas fuel could cut CO2 emissions by as much as a third
Hutchison prices IPO at $1.01 per share Investors cautious over long-term growth prospects for ports in Southern China
Indian navy seizes suspected pirates Intercepts hijacked mothership, detaining 61 alleged pirates and rescues 13 crew
Suez Canal sees rise in southbound traffic Figures for second week in March show drop off in traffic moving northwards
Seaspan unveils $2bn 'new panamax class' order Boxships to be 8% lighter and burn up to 25% less fuel than standard 10,000 teu ships
Kirby to acquire K-Sea for $600m Deal would combine biggest coastwise and inland Jones Act barge fleets
Kobe and Yokohama open, says APMT APMT's operations at both terminals unaffected by Japan earthquake
Milford Haven and Irish Ferries renew ferry deal New 10-year agreement will guarantee ferry services between Pembroke port and Rosslare
Irish Continental warns of 'uncertain' 2011 Earnings for 2010 up 6% but higher fuel costs may hit ferry and ports group in 2011
DFDS offloads its canal tours business Lack of synergy with its larger vessel operations and freight logistics behind sale
Europe's top ocean freight forwarders post strong 2010 results Kuehne+Nagel, Deutsche Post DHL and Panalpina look to maintain 2010 growth momentum by securing more business from container lines
Infrastructure India to expand port sector investments Eyes smaller ports that are not controlled by India's central government
Gadaffi points the way to gas-powered shipping A prolonged period of instability in Libya would have an impact on supplies of ultra low-sulphur diesel
Bright ideas from oil spill disasters While the Macondo spill clean up was under way, something like 100,000 solutions poured into the US from around the world, at a rate of 1,000 per day
BLT vows to get back on track with cabotage foray Indonesian tanker operator to tap into $4bn-$5bn worth of shipping-related opportunities
Kirby consolidates barge sector THE takeover of US barge operator K-Sea by competitor Kirby Corp today prompted probes by law firms eying securities suits
Tsunami effects seen in grain sector TSUNAMI damage to Japanese grain production areas could soak up excess vessel capacity, a Wall Street analyst told Fairplay today
Carlyle plans $5Bn buying spree PRIVATE equity powerhouse Carlyle today revealed plans to buy up to $5Bn in shipping assets, including Chinese-dedicated box ships in partnership with NYSE-listed Seaspan
Japan's vehicle carrier sector rocked JAPAN'S giant earthquake and subsequent tsunamis have stymied its auto industry, which will severely affect the vehicle carrier sector, IHS Global Insight reported today
FMC pushes mediation role FEDERAL Maritime Commission chairman Richard Lidinsky has urged carriers and shippers to include a new service contract clause authorising his agency to resolve disputes
Norway's owners back guard rules NORWAY'S shipowners today backed creation of rules covering armed guards aboard commercial ships in pirate zones
Queensland coal back, but rain returns too LARGE parts of Queensland are again waterlogged today after weekend rains
Gas price soars on quake UK GAS has risen to its highest price since 2008 as Japan's earthquake crisis continues to produce economic knock-ons
Bangladeshi breakers catch a break BUSINESS has been brisk for breakers in Bangladesh, who resumed work last week after a year-long ban
Heavy-lift turns corner? GERMAN project carrier SAL has signalled an upswing in the heavy-lift shipping market, suggesting that demand for longer term freight contracts is picking up
Bulker slick sparks fine BELGIUM'S Bocimar International has been fined in an Australian court after the bulker CMB Yangtze was spotted trailing an oil slick
Russia/Japan import rise predicted RUSSIAN exporters predicted today that quake-rocked Japan will need to import more oil, gas, coking coal, thermal coal and minerals than planned from Russia
S Korea to get UAE oil SOUTH Korea has reportedly closed a deal with the UAE that gives Seoul access to up to 1Bn barrels of crude
Bank sees jump in Japan's LNG demand SOCIETE Generale said today it expects Japan's LNG demand to jump by 5Bn m³ this year so Tokyo can replace nuclear power generation
HPH finalises IPO price HPH TRUST said today it will sell its Singapore IPO stocks at $1.01 per share.
TSA Issues Tougher International Air Cargo Rules The air cargo industry is trying to sort out a new security directive from the Transportation Security Administration that effectively...
DOT Obligated $44.7 Billion in Stimulus Money The Department of Transportation's last big rail grant agreement helped push its total of obligated funds from the 2009 economic...
Wallenius Wilhelmsen Opens Galveston Processing Center Wallenius Wilhelmsen Logistics opened a processing center at the Port of Galveston, Texas, for storage and processing of heavy construction,...
USPS Reaches APWU Labor Agreement The U.S. Postal Service reached a tentative contract agreement with the American Postal Workers Union on Monday that would give...
Diesel Rises 3.7 Cents to $3.908 per Gallon U.S. retail diesel prices increased 3.7 cents last week to an average of $3.908 per gallon. It was the 15th...
Ocean World Lines' CEO on Capacity Forecasts (Video) Daniel Gardner, CEO of Ocean World Lines, discusses capacity forecasts and shares this thoughts on the Panama Canal expansion project at...
Florida East Coast Railway's Hertwig on Port of Miami (Video) Jim Hertwig, president and CEO of Florida East Coast Railway, discusses the current dredging project and other plans at the...
Quake Hits Japanese Auto Industry Hard The earthquake and tsunami that killed thousands of people in Japan also disrupted the nation's automobile industry and will affect...
Seaspan Orders Ships, Joins $5 Billion Venture UPDATED 4:34 PM GMT Container ship owner-charterer Seaspan joined the Carlyle Group in a joint venture that will have...
DeFazio Targets Cross-border Trucking Proposal A key House Democrat is questioning whether the Obama administration has the authority to launch a new cross-border trucking program...
Logistics Aid Network Watches for Japan Needs Members of the ALAN logistics aid network are on alert to provide relief services to the region of Japan devastated...
CSX Hikes Export Coal Rates CSX Transportation set new export coal rates as of April 1 that are higher than expected, said an industry research...
Celadon CEO to Sell 15 Percent of Stock Stephen Russell, chairman and CEO of Celadon Group, is selling about 15 percent of the stock he owns in the...
OOCL Swings to $841.6 Million Profit Orient Overseas Container Line reported a profit of $841.6 million last year, after a loss of $376.9 million in 2009...
Japan's Ports, Airports Operating, Some Ships Damaged Japanese ports and airports suffered minor damage in the devastating earthquake and tsunami that hit the northeastern part of Japan....
Indian Navy Captures Pirate Ship An Indian Navy frigate captured a group of pirates after exchanging fire with them, confiscating a hijacked mother ship and...
Rail Freight's Upward Mobility North America's rail freight network, after shaking off a series of powerful winter storms in January, is back on the...
Help Wanted in Trucking The trucking industry is hiring again, but at a pace and level far below its pre-recession plateau, placing a limit...
Who's Leading, Leaving YRC? As Chief Financial Officer Sheila Taylor prepares to leave YRC Worldwide, pressure mounts on the company's board to find a...
Creating Effective Partners Collaboration and the supply chain are two concepts that should appear together only if companies are prepared to fundamentally change...
The 3PL Balancing Act The momentum many U.S. third-party logistics providers and freight brokers reported at the end of 2010 appears to be extending...
Canada's Gateways for Growth Canada's two largest airports base their infrastructure development strategy on the theory that efficient, cargo-friendly airports will lead the country...
Spinning Their Wheels It took years for ocean carriers to follow through on their desire to get out of the chassis business. Now...
The Quest for Predictability Sitting on the sidelines at The Journal of Commerce's Trans-Pacific Maritime Conference, two shippers said their solution to the troubling...
Lessons in Safety The Consumer Product Safety Commission is trying to put a friendlier face on its new regulatory powers. The...
Intercity Rail Projects Chug Along The Department of Transportation appears poised to inject hundreds of millions of dollars into rail lines operated by major freight...
The Aging Fuel Tax The per-gallon fuel tax is so last century. Just ask the growing number of state, federal and industry officials pushing...
Paying to Pave? Potholes carry a heavy price, and John Q. Public is ponying up a good share to pay for their repair....
Time to Dedicate To Dredging As spring rains swell rivers and their tributaries throughout the central and southern U.S., the waters carry silt into the...
Shipping's Master Builder Alberto Aleman Zubieta had no illusions about what he was facing when he presided over the Panama Canal's transition from...
Japan: a catastrophe The devastating earthquake that hit Japan last week, the fifth largest ever reported at 9 on the Richter scale, has caused untold damage to the world's third largest economy. Indeed, according to prime minister Naoto Kan it has 'presented the country its greatest challenge since the second World War'
CMA CGM escapes tsunami French liner giant keeps Japanese outposts open and pledges humanitarian support following Friday's catastrophe.
Global bets on E&P Indian offshore owner praises exploration and production prospects off India following $9m fix.
Cantor boosts Seaspan Equity analyst upgrades ratings and price targets as New York-listed boxship owner plots payouts and $2bn spending spree.
Varna ferry venture cleared Bulgaria's Navibulgar and BRS win competition green-light for freight service to Russia.
Greek ship numbers fall Tonange up but number of vessel owned by Greek tumbles yet again but average ship age below industry norm.
Japan effect 'significant' Bulker and product tankers rates will benefit from Japanese tragedy while VLCC, car carrier and containership owners will lose out, experts say.
Lost box to be studied US environmental researchers sending sub to container that fell from Med Taipei off California in 2004.
Seized Greek VL moves Pirates take Lemos' hijacked Irene SL out to sea while Greek tanker Polar also taken for a ride.
Malaysia detains tanker duo Formosa Plastics and Sentek vessels held for transferring bunkers without a permit.
Tanker trauma hits TEN Weak rates and swelling finance costs sink profit at Nikolas Tsakos-led Greek tanker owner.
Japan's tsunami tragedy Keep up to date with maritime aspects of the tsunami that has devastated north eastern Japan.
Seaspan's divi pledge Gerry Wang-led boxship owner to bump up its dividend this year despite climbing back on the newbuilding horse.
Deal or no deal? Bangladeshi yards picking up tonnage despite the fact judge has yet to sign order lifting scrap ban.
Tanker and cargoship clash Turkish and German vessels damaged in collision at port of St Petersburg.
APEC readies 2011 agenda The Asia-Pacific Economic Cooperation will include in its 2011 trade and investment agenda improvements to supply chain performance and innovation and trade in technology. Senior officials from 21 APEC members met last week in Washington. The foru...
CMA CGM starts eco-calculator Liner carrier CMA CGM said last week it will make available to its customers an eco-calculator from April. The service will allow shippers to calculate the carbon footprint of a shipment's journey "based on real data including points of departure ...
YM, OOCL add new China/India link Yang Ming and OOCL said last week they are reshaping their partnership on the China/Indian Subcontinent trade. The two carriers operate a joint service, the CPX, but will add a second service, the CIX2, on March 21 and amend the rotation of the CPX...
Kirby to buy K-Sea in tank barge merger Two of the nation's largest tank barge companies have agreed to merge. Kirby Corp., a Houston-based company that is the largest operator of inland tank barges, said it has agreed to acquire K-Sea Transportation Partners L.P., an operator of barges...
Maersk won't slow down further Maersk won't slow down further Maersk won't slow down furtherMaersk Line Chief Executive Office Eivind Kolding said his shipping line won't slow down ships any further despite rising fuel costs. Kolding Kolding, speaking in an interview withReuter...
Seaspan in deal with Carlyle The containership leasing company Seaspan said Monday it has entered into an agreement with the Carlyle Group to invest in containerships. The new venture is called Greater China Intermodal Investments LLC, and other investors include companies for...
OOCL nets $922 million '10 operating profit Hong Kong-based liner carrier OOCL made a record $922 million operating profit in 2010, recovering from a loss of $301 million in 2009. OOCL's revenue surged 39 percent to $6.3 billion, on a container volume increase of 14.6 percent to 4.8 million...
DHS posts job opening for logistics expert Wanted:Private sector executives to provide expertise on security strategy from a business perspective .Solicitor:Department of Homeland SecurityTour of Duty:Six monthsSalary:None The Department of Homeland Security is looking for a few good men a...
CBP officers stop drugs, fake goods, pests U.S. authorities on March 7 intercepted more than 11,000 pounds of marijuana on two tractor-trailers at the Nogales, Ariz., port of entry. Immigration and Customs Enforcement investigators alerted Customs officers at border crossing that smugglers...
Impact 'greater than Kobe earthquake'? Impact "greater than Kobe earthquake"? Impact "greater than Kobe earthquake"?...
Hope for Russian containers in Muuga Port of Tallinn has chosen the Russian Rail Garant to operate the new container terminal in Muuga harbour. It is located next to Muuga Container Terminal (Muuga CT), which offered
Thy Ferries switches tonnage and management Thy Ferries ApS have switched tonnage on the service from Hanstholm to Kristianssand and at the same time the Danish manager has been changed. It is the third change of
LSFO prices rise across European ports Gibraltar port congested with 25 vessels waiting to enter.
Engine builder designs two-stoke dual fuel marine engine Gas-fuelled containerships have moved one step closer to becoming a reality, say project partners.
Chinese yard designing 'slow steaming' container ships Shipowners want higher efficiency vessels, operators will make bunker savings of 'up to 48%'.
Japanese demand could squeeze fuel oil supplies 'It's not clear how much fuel oil they are going to buy, but it is quite certain they will, and in large volumes," says trader.
Asian bunker prices mostly down 'Average' bunker demand at Asia's key bunkering hubs, traders say.
'Limited' bunker activities resume in Tokyo Bay Some bunker suppliers and traders able to restart business on Monday.
Singapore February bunker sales fall from 'record high' Shorter month in February sees sales down by 10.3% but volumes were up 8.2% year-on-year, MPA data shows.
Vessels detained for illegal bunkering off Malaysia Two tankers caught transferring some 80,000 litres of marine fuel oil (MFO) on Thursday, says maritime agency.
US barge operator acquires K-Sea for $600 million Transaction value includes the refinancing of $265 million of K-Sea's debt, says Kirby.
Petrobras appoints new trader New trader to handle international route vessels in Argentina and Uruguay.
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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