Main freight index to rebound in H2: poll THE main global freight index will rebound in the second half of this year to average 1,500 points, driven by a recovery in Australian coal exports and strong shipping demand, a Reuters poll showed yesterday.
Warning shots fired at M'sia aid ship to Gaza ISRAELI naval forces fired warning shots yesterday at a ship carrying aid to Gaza as it approached the shore, forcing it to withdraw to Egyptian waters, the vessel's Malaysian organiser told AFP.
Indian seamen may boycott Gulf of Aden INDIAN seafarers have threatened to refuse to sail to pirate-infested Gulf of Aden if foreign governments failed to stem surging violent attacks on seamen on high seas.
Global LNG supply tight from late 2011: Barclay's Capital
Oman Air launching second new service this month Oman Air, the national carrier of the Sultanate of Oman, will launch a thrice-weekly service between the country's capital Muscat and Zanzibar from today (16 May). It is the carrie...
Camair to launch second African destination outside domestic market The new Cameroon carrier Camair-Co, which started scheduled operations on 28 March 2011 (cf. ITJ Daily of 28 February 2011), with a Douala-Yaounde-Paris-CDG service, is progressive...
Coal India plans to build 350 km of new railway lines Coal India Ltd proposes to build three new rail links, with a total length of 350 km, to connect its coal fields in the interior. The construction cost for a new rail line, excludi...
Basel: name change for the world's oldest forwarders' association The association of Basel freight forwarding and logistics companies (Basler Speditions-Logistiker/(VBSL), which was founded in 1882, is adopting a new name. Attendees of ...
24plus: network sales climb to EUR 420.6 million The general cargo alliance 24plus logistics ceased to feel the effects of the economic crisis in 2010, and succeeded in boosting the network revenue by 9.5% to EUR 420.6 ...
Kuehne + Nagel receives quality seal for rail forwarding IBS, the interest group of rail freight forwarders (IBS), has presented its IBS Q1 quality certificate to the giant forwarder Kuehne + Nagel, for its particularly efficient an...
Elvis rolls out first part load network system The truck-load alliance Elvis recently introduced a part load system with hub cross-loading at its location in Hombergin (Germany). The part load system is operated by the alliance...
Flash Europe opens branches in St Petersburg and Istanbul Flash Europe, a specialist for swift transport services, recently opened a new branch office in Turkey and one in Russia. The two new facilities are of strategic importance for Fla...
Kiel: cargo handling rises by more than 25% The port of Kiel (Germany) handled about 2.2 million t of cargo in the first four months of the current year, a 25% increase compared to the same period last year. The ferry lines ...
Hapag-Lloyd boosts revenues in Q1/2011 The German shipping company Hapag-Lloyd managed to boost its Q1/2011 revenues to EUR 1.483 million, which is 16.5% higher than the first quarter of 2010. The main reason for this a...
Shipping Corporation of India orders 31 new vessels Shipping Corporation of India, the country's largest shipping company, recently inked an agreement for the purchase of two supramax bulk carriers with Chinese Grand Yard Investment...
Balnak Logistics names new marketing and sales manager. The Turkish service provider Balnak Logistics has appointed Gurur Eralp as its new marketing and sales manager. Eralp, who has worked for the company since 2006, graduated from Mar...
ANA Aviation to be UK and Ireland Cargo GSA for Gabon Airlines The London-based airline management provider ANA Aviation was selected to be the UK and Ireland cargo GSA for Gabon Airlines, effective 1 May 2011. The carrier operates t...
Dr Rausch elected to BVL board Members of the German Logistics Association (BVL) recently elected Dr Karl-Friedrich Rausch to the trade body's board at a recent assembly in Munich (Germany). Rausch has been head...
Alcaro Invest inks another settlement contract Alcaro Invest is investing again in the Berlin Süd Grossbeeren freight village after the company was able to fully let a 44,000 sqm logistics area within eighteen months. At the tr...
Korea Line continues to offload tanker fleet with VLCC sales Troubled Asian company adds deal to other tanker sales concluded in the last two months
Pakistan breakers buy third VLCC Chittagong yard takes Titan VLCC as Indian and Bangladeshi demand remains sluggish
Aframax activity picks up Four contracts reported around the $16,000 per day mark
LPG price volatility sees VLGC charter rates slide to 12-week low Charter rates for very large gas carriers have slumped to a 12-week low on a reluctance to trade and charter vessels amid volatile prices for liquefied petroleum gas
China pays premium for older dry bulk tonnage Secondhand able to consider secondhand sales over demolition
Eagle Bulk starts selling supramaxes Dry bulk owner with large exposure to troubled Korea Line offloads tonnage
Newlead pays out $25m for former Korea Line-linked handysize Eight-year-old Newlead Prosperity was under bareboat hire purchase deal with Capital Maritime
Dividend decision disappoints GSL investors Loan-to-value ratio drops below 75%, thus reducing interest margin paid on borrowings from 3.5% to 3%
First Deep Sea Metro drillship named at Hyundai Former Athens Olympics boss Gianna Angelopoulos does the honours for BG-chartered vessel
APM Terminals wins legal battle to bid for Indian port development Two years of wrangling ends in Supreme Court victory for joint venture
Operational efficiency critical, says Bureau Veritas Class society argues for a definition of efficiency that is eco-friendly ' and safe
Details emerge of Hapag-Lloyd's $925m newbuilds loan Bookrunners say banks keen to join syndicate financing 13,200 teu boxships
Moody's upbeat on container shipping companies' credit quality But rating agency urges disciplined investment approach in 'fragile' recovery
Teekay Offshore gears up for $750m in follow-on equity raising Proceeds to fund assets and reduce parent debt
The iceships cometh Advocates of the northern sea route such as Norwegian shipowner Felix Tschudi are setting the stage for future investment
Rongsheng share price tumbles as analysts take a downbeat view Barclays Capital note says market expectations are irreconcilable with the collapse in bulk newbuild ordering
Reluctant harmony Complying with EU rules on seafarers' pay will almost certainly cost the UK jobs
Pirates routed by naval forces Danes free 16 Iranian hostages and kill 4 pirates
Logistics arm lifts NOL first-quarter results Neptune Orient Lines posts $10m loss but supply chain business APL sees 24% rise in revenues
Old yard ways are dying Go back ten years and Croatia was fighting off the competition. But no more. The bureaucrats from the European Commission have put paid to that
Port Hedland iron ore shipments to China fall 11.5% in April But total iron ore shipments to China up 5.6% on a year-on-year basis
Singapore container throughput rises 3% in first four months April bunker sales down 5.1% on same month last year
Keppel FELS wins $772m order for four jack-ups Standard Drilling deal supersedes earlier option arrangements
Satellite providers report strong growth in first quarter Inmarsat and Iridium see shipowners move from voice communications to data services
Inmarsat's Global Xpress comes under fire Shipowners should learn more about competitor services, says satcomms provider
Capital and Crude get engaged Motivation aplenty can be found for the proposed merger of the two Evangelos Marinakis-headed tanker companies
Is it time for more tanker owners to tie the knot? After a fallow period for M&A activity, the sector could be poised to enter a fertile period for deals
Energy efficiency design index is rational, safe and effective Formula may not apply to all ships, but will deal with the most energy-intensive first
Israeli warning shots turn ship back ISRAELI sailors reportedly fired warning shots at a commercial ship approaching the Gaza Strip today
Capesize rates weigh on BDI THE BALTIC Dry Index fell today to its lowest level in more than two weeks as the surplus of Capesize vessels continued to rise
FESCO reverses losses FESCO'S audited accounts show the group swung to profits in 2010, but its fleet arm struggled
Savannah improving intermodal ties CONTAINER drayage to and from Savannah will be improved with a $140M highway extension to improve intermodal truck access
Ships leave US 'ghost fleet' COASTAL tanker Sagamore is one of two ageing vessels scheduled to be towed today from the Maritime Administration's California 'ghost fleet' at Suisun Bay to a Texas recycling yard
MSC cruise interrupted MSC OPERA, on the first of 13 cruises scheduled from Southampton, was towed today to Nynäshamn, south of the Swedish capital Stockholm
LNG brokers seeking deals for longer periods BROKERS see rising demand this week for medium-term LNG deals, with Asian buyers trying to avoid exposure to bullish oil prices via longer-term deals
Quake and floods boost product tankers JAPAN'S quake crisis in March and today's continued Mississippi flooding are boosting product tanker trades, brokers said
Once more into the beach A FIFTH VLCC has been sold for demolition already this year, said Erik Nikolai Stavseth, shipping analyst at Arctic Securities in Oslo
Asian shipping stocks fall SHIPPING stocks were mostly down in Asia today as markets were hit by concerns over the European debt crisis and lower oil prices
Ports praise US bills TRANSPORT funding measures introduced in the US Senate would drastically increase the amount of money available for port expansions
Oz terminal plan advances SOUTH Australia's government has approved plans by a Flinders Ports-led consortium to conduct an environmental impact study into a proposal to develop an iron ore export facility in Port Bonython
Fertilizer swap screen assessed FAA BROKERS and commodities traders in Singapore were quick today to assess the Cleartrade Exchange's distribution of a new screen for fertilizer swaps
Asia/Europe box capacity trim mulled CONTAINER carriers could cut Asia/Europe capacity because freight rates are declining under the influx of bigger ships
Monsoon soaks breakers SOUTH Asian shipbreakers are cutting rates today as the monsoon season rains down the market
Diesel Price Slides Another 4.3 Cents Average diesel prices across the U.S. fell for the second week in a row in the past week, sliding 4.3...
Crowley Warehouse Wins High-Security Designation The State Department designated Crowley Maritime Corp.'s Miami logistics warehouse as a Consolidated Receiving Point facility, allowing the company to...
Container Supplies to Remain Tight, WSC Says Shippers and carriers can expect container supplies to remain tight this year as the industry tries to catch up from...
New Orleans Port Open as Dredging Intensifies The Army Corps of Engineers stepped up efforts this weekend to clear sediment the Mississippi River's high water is pushing...
Steel Exports Up 5 Percent Steel exports rose 5 percent to 3.14 million tons in the first quarter as March volume rebounded from weak February...
Supreme Court Rejects BNSF Appeal in Rate Case The U.S. Supreme Court rejected BNSF Railway's attempt to overturn a 2009 regulatory case decision that the railroad charged unreasonable...
Obama Pushes Transport Agenda President Obama gave a strong push to a transportation infrastructure program that builds on the 2009 stimulus program to repair...
Georgia Governor Backs Savannah Port Highway Plan Georgia Gov. Nathan Deal on Monday endorsed construction of an estimated $140 million highway that would link the Port of...
Is Shipping Hedging on Derivatives? If conversation were currency, freight rate derivatives would be trading on a rich exchange. But when a small U.S. freight...
Exports Fuel Savannah Cargo Growth The Port of Savannah posted its second highest monthly volume ever in April when it handled 260,035 20-foot equivalent units,...
DFDS Returns to Profit on Baltic Gains DFDS, Europe's largest short sea shipping company, returned to profit in 2010 on strong cargo growth on its core Baltic...
Fesco Reverses Loss, Posts $456 Million Profit Fesco, owner of Russia's largest ocean container carrier, swung to a $456 million net profit in 2010 from a year-earlier...
Cosco Sets War-Risk Surcharge in Libya Cosco Container Lines announced a war-risk surcharge on all shipments from the Far East and the Indian subcontinent to ports...
Japan Report Claims Unfair Trade Practices A new Japanese government report is charging the country suffers from unfair practices by its trading partners, including 38 policies...
Widdows' Role Of the major east-west container lines, none has a larger share of its fleet ' 44 percent ' deployed in...
Derailing the Economy Any widespread shutdown of train systems in the aftermath of an attack ' even for a few days ' would...
Trains in the Line Of Fire In the days after the May 1 raid that killed Osama bin Laden, news that al Qaeda, the terrorist group...
LTL Pricing in Higher Gear Less-than-truckload carriers spent the better part of last year stuck behind truckload operators, struggling to raise rates. They gained ground...
Who to Pay? Q: For a domestic shipment moving under a uniform bill of lading, it's been my understanding that a carrier can...
Amber Waves of Rain Alan Kemper, president of the American Soybean Association, was speaking because he had some unplanned idle time on his farm...
Weaving Competition for China Rising competition for China's apparel and footwear manufacturers is showing up in U.S. containerized imports. China remains the dominant...
Steinke Turns the Page Richard Steinke is a humble man. As the executive director of the Port of Long Beach, he has shepherded the...
Pacific Northwest Ports Building on Exports Moffatt & Nichol economist Walter Kemmsies calls exports the "unspoken hero" of the U.S. economic recovery, and they may well...
Agents of Risk File this under the header, "What can happen when you tick an agency off." Laura Stevens is a former...
Customs Packages Air Cargo Screening Customs and Border Protection is bringing its risk management experience to bear on the problem of identifying potential terrorist threats...
Transport Bill's Blind Curve Washington policymakers could be weeks away from discussing what a long-term surface transportation bill might look like, but they're already...
SSE Defends Methods, Transparency The Shanghai Shipping Exchange says "general derogatory remarks" about the exchange and Shanghai Containerized Freight Index suggest the operation is...
Best in class for APMM's hitherto prodigal child There is something rather annoying about the top boy at school - always having the right answers in class; breezing through his exams, and often, still having the time to excel on the sports field
CSAV: numbers up but average rate down
More details on Seago revealed
US import growth to stall
MSC Carouge smashes Montreal container record
Hanjin Shipping joins the Q1 red-figured carrier club
Swiss WorldCargo adds four destinations Swiss WorldCargo said last week it is adding four destinations to its network in June. The new destinations from Zurich are Beijing, Anchorage, Orlando and Beirut, and operated in partnership with Edelweiss Air. The airline also said it would reins...
Singapore adds Kensai link for electronic cargo Singapore Airlines Cargo said Friday it is adding a twice-weekly freighter service from Singapore to Kensai, Japan, via Hong Kong from May to October. The service is intended to complement belly-hold capacity on daily passenger services between Sin...
Panalpina adds Hunstville/Hong Kong air link Global forwarding and logistics group Panalpina has added a direct cargo service from Huntsville, Ala., to Hong Kong to be operated by Atlas Air. The new weekly flight is intended to complement two other existing services Atlas operates on behalf ...
Trailer Bridge reports loss, works on refinance Trailer Bridge, which operates a container liner service between the U.S. mainland and Puerto Rico, reported a first quarter net loss of $10.4 million compared to a loss of $300,000 in the same 2010 period. The company had revenue of $24.8 million...
MSC adds Asia to Latin America fuel charge Liner carrier Mediterranean Shipping Co. said last week it will assess a "fuel additional surcharge" on shipments from Asia to Panama, Cartagena, Venezuela, the East Coast of Central America, and the Caribbean due to "ever-increasing fuel costs." T...
House readies backup plan for FAA bill Leaders of the House Transportation and Infrastructure Committee dropped new legislation on Friday to provide a temporary extension of Federal Aviation Administration funding and programs in case Congress does not quickly complete work on a long-t...
FMC reforms aimed at household goods shipments The U.S. Federal Maritime Commission on Wednesday unanimously approved a series of recommendations to prevent unfair, unlawful or deceptive practices in the shipping of household goods or personal property. The FMC set up the investigation because...
Russian energy giant wants to join leading global suppliers Gazpromneft says its bunker volumes were up 17% in 2010.
Fujairah prices fall Product avails limited in Middle East hub.
Rotterdam market softens Lack of 2010 spec IFO 380 cSt.
US Navy in talks to set up biofuel supply points Discussions opened with Singapore, Australia and India.
Politician highlights benefits of Pacific Coast marine highway Would 'eliminate 60,000 metric tonnes of CO2' annually, saving 68% of GHG emissions compared to road transport.
Gibraltar's bunker sector faces new attack Spanish members of European Parliament claim Gibraltar's bunker sector poses increased risk of spills.
Latest TWI figures maintain large value spreads Over $200 value difference between 'best' and 'worst' fuel.
Bureau Veritas wants to 'open the way' for gas and nuclear-powered ships Efficiency 'means more than optimising a ship to burn less fuel'.
VT Group welcomes new Commercial Manager His background includes bunker trading and operations management.
Floods to have 'negative impact' for US-based barge operator Kirby Corporation predicts its Q2 results will be affected by Mississippi floods.
IFO prices falling as week starts Traders see generally 'slow' demand in key Asian bunker hubs on Monday.
HK-based supplier to expand its storage capacity Chimbusco Pan Nation plans to lease more storage from local ExxonMobil facility from June to July onwards.
Dutch project develops ACES for shipping ACES system can reduce vessel fuel consumption between 10 to 20%.
Court order to impact bunkering in Chennai Industry players expect court decision to be challenged.
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