Spotlight on Singapore in LNG bunkering SINGAPORE is set to play a dominant role in the use and distribution of liquefied natural gas (LNG), and this position will be bolstered as the shipping industry moves towards LNG as a cleaner source of fuel.
Delays seen in shipping's sulphur curbs Global efforts to drastically reduce toxic sulphur emissions in the shipping industry are likely to be delayed for years due to the reluctance of refiners to invest billions of dollars to produce cleaner burning fuel.
Asean seeks unity on maritime disputes Indonesia warned on Sunday that maritime conflicts in Asia could spiral out of control and threaten regional stability, as South-east Asian nations sought common ground on the disputed South China Sea.
Turkey planning massive rail network investments Turkish transport minister Binali Yildirim has said that his ministry is set to make total investments of TRY 50 billion (about EUR 25 billion) by the year 2023 in the country's ra...
Etihad Airways extends wet lease contracts with Maximus Air Cargo Etihad Airways, the Abu Dhabi-based national airline of the United Arab Emirates, has extended its wet lease contracts for two Airbus A300-600RF aircraft with Maximus Air Cargo unt...
Höegh Autoliners restructures Swiss business The Norwegian firm Höegh Autoliners, a leading global ro-ro shipping company, restructured its business in Switzerland with effect from 1 January. The line, which was represented b...
Maersk launching regular USA-South America service Maersk is set to launch a new regular service between the east coast of the USA and the west coast of South America on 15 February, with the "Maersk Westport". The link w...
Port of Charleston moves to common gate model The South Carolina State Ports Authority (SCSPA) is streamlining its container operations by moving to a single-gate operating system on 18 January 18. The move will enable it to m...
OOCL becomes first maritime shipping line to join SPC The Bremen-based German national branch of the Orient Overseas Container Line (OOCL) became a member of Germany's Bonn-based ShortSeaShipping Inland Waterway Promotion Center (SPC)...
GAC Group appoints new managers Ivo Verheyen took over as GAC's new Rotterdam-based group vice-president for Europe on 1 January. Ronald Lichtenecker, previously managing director of GAC Kuwait assumed charge in ...
InterRail group opens Shanghai office Switzerland's St Gallen-based InterRail group has added a Shanghai office to its Beijing and Urumqi centres in China. The new location, which is managed by Elva Gu, will strengthen...
Odyssey Logistics takes over Optimodal The US logistics service provider Odyssey Logistics and Technology (OLT) has acquired Optimodal, an intermodal company that specialises in the chemical sector. Optimodal focuses on...
European road freight volumes growing The latest analysis by Danske Bank has revealed that European forwarding markets continued to recover throughout 2010. The bank's European freight forwarding index increased to 59 ...
Group CAT equips trucks with location devices The French automotive logistics specialist Groupe CAT, which is based in Boulogne Billancourt just outside Paris, has equipped 80 trucks with new geographical location devices, ena...
MOL Logistics (Netherlands) shifts branch to Schiphol airport MOL Logistics (Netherlands), a subsidiary of MOL Logistics (Japan), relocated its Amsterdam branch to the premises of Menzies World Cargo (Nederland), an air cargo handling company...
New World Courier office in Istanbul The Chinese CEP service provider World Courier has strengthened its presence in the Turkish market by opening an office in Istanbul. The operator aims to provide the pharmaceutical...
LAN cargo volumes rise thanks to Latin American imports The LAN Airlines group, one of the leading Latin American carriers, has reported its preliminary traffic statistics for last month. In December 2010, cargo traffic increased by 9.9...
Vietnam Airlines improves profits and sales figures in 2010 Vietnam Airlines, the country's flag carrier, has released provisional figures for 2010, which show that the company generated sales worth approximately USD 1.9 billion. Profit bef...
MOL and China Shipping in pact to build four LNG ships Order for state-owned Hudong-Zhonghua Shipbuilding believed to total about $800m
First coal fixture from US to Asia as prices set to rocket Coking coal prices could reach $400-$500 per tonne as severe flooding forces closure of many Australian mines
Golar secures LNG charters at $67,000 daily Golar LNG Energy has secured time charter contracts of 12-18 months for four of its liquefied natural gas carriers at a daily time charter rate estimated to be around $67,000
LPG trade up by 2m tonnes as growth goes slowly Liquefied petroleum gas trade grew by 2m tonnes in 2010 to 59m tonnes, according to preliminary estimates provided by Norwegian shipbroker Lorentzen & Stemoco in its annual report on the gas sector
Owners resort to covering charter costs as Pacific woes continue Dry bulk shipowners facing a lack of business in the Pacific Ocean covered more of their customers' costs to get their vessels to the Atlantic
Baltic index steadies as capesize rates settle down The Baltic Dry Index remained steady at 1,439 points on Monday, as capesize rates finally found a floor
Argentine farmers protest export curbs Argentine farmers halted sales of soyabeans, corn and wheat as part of a week-long strike to protest against government restrictions on exports
BRS set to launch London trading screen BRS Futures to trade dry and wet FFAs, iron ore futures and container swaps
Brussels in transport ministry shake-up European Commission to reshuffle directorate-general for mobility and transport
If it is time to go, the sensible get going Well-meaning anti-age discrimination legislation could have a wealth of unintended results
GL claims hull redesign cuts fuel consumption
Fish factory ship cuts NOx emissions with water vapour system Kvann'yhas humid air motor system retrofitted during a docking in MAN Primeserv's facilities in Fredrikshavn, Denmark
Kogas explores LNG to fuel ships State-owned supplier signs deal with Swedish companies to examine bunkering technologies
Brussels imposes financial ban on Côte d'Ivoire ports EU-registered ships and firms barred from new financial dealings with Abidjan and San Pedro
Delmas reshuffles Europe-West Africa services To offer shippers increased frequencies between the two regions
Lay up those bulkers Dry bulk owners cannot use fear of the unknown as an excuse to not lay up their ships
Tell them what? It is not clear whether freedom of information laws can make distinctions between a port's role as commercial operator and harbour authority
Push for equality rules onboard UK ships New regulations will establish the provisions of the Equality Act 2010 at sea
Tallink to propose zero dividend Move part of ferry company's switch to using the European financial year
World Shipping Council hits out at US windfarm plan Council warns over environmental costs and damage in event of collision
Somali ransom payments hit $238m in 2010 Overall cost of piracy worldwide could be as high as $12bn per year, says new report
US shippers revive antitrust debate Calls to advance legislation to repeal antitrust immunity for ocean liner carriers
SITC chief urges Chinese owners to rein in fleet growth Some firms expanding too fast, warns Shaopeng Yang
Somali pirates step up hijackings Greek bulk carrier and Samho tanker seized over the weekend
NCC set for box terminal capacity boost To see 750,000 teu capacity added to its container terminal system along the Baltic Sea
Brisbane port reopens Partially re-eopened and expected to be fully operational by Wednesday
Eitzen Chemical hints at weak end to 2010 Weaker regional trade and higher bunker prices to hit final quarter 2010 results
Swinglehurst to launch Hong Kong office Lloyd's insurance broker eyes bigger Asian presence after Hong Kong base
Products tanker released PIRATES have released a Greek chemical products tanker more than six months after it was hijacked, EU NAVFOR reported today.
Tartus exports rise 60% SYRIAN exports from Tartus reportedly increased 60% last year, mainly because of a jump in phosphate shipments from the Mediterranean port.
Key Chile copper mine finds new port THE WORLD'S third-largest copper mine has reportedly signed a new port agreement a month after a port accident led it to declare force majeure on sales.
US shippers attack carriers ROLLED freight and breached carrier contracts have not dissipated despite claims to the contrary from the liner trade, according to US shippers.
Pirates seize tanker PIRATES have hijacked a product tanker with 21 crew members on board off Oman, according to EU NAVFOR.
Bangladesh buys Qatar Petroleum's LNG BANGLADESH has signed a deal to buy 4M tonnes of LNG per year from Qatar Petroleum, worth $1-1.5Bn annually.
Eitzen looks 'weaker' EITZEN Chemical, the listed Norwegian chemical carrier, has warned that trading in 4Q10 was weaker than forecast.
Rhine barge snarl worsens ABOUT 200 barges are stuck near Koblenz on the Rhine ' Europe's largest inland shipping corridor ' because of last week's capsizing of an acid-transporting barge.
Pakistan restores wheat exports after 3-year ban PAKISTAN has begun exporting wheat after a three-year ban was lifted, with dozens of bulkers being lined up for shipments, Fairplay was told today.
K+N adds reefer agents GLOBAL forwarding giant Kuehne + Nagel has ramped up its reefer activities with a series of acquisitions in South America.
Glitch spoils Vancouver's coal opportunity CAPACITY at the largest coal export terminal in Canada has been cut by a technical glitch ' at just the time that Canadian companies wish to exploit metallurgical coal shortages caused by Australia's flooding.
Icebreakers near trapped Russian ships FESCO is today still working to free ships trapped by ice since last year in Sakhalin Bay.
Seaway freezes tolls BUOYED by a 15.5% increase in traffic during 2010, the St Lawrence Seaway has decided not to increase tolls during the 2011 shipping season.
Scrapping option rising CAPESIZE charter rates might be at rock bottom, but high iron ore prices are offering a bright spot for scrapping, Fairplay was told today.
Slow road back seen for Queensland coal QUEENSLAND'S resource council has estimated the cost of coal production lost to weather since the beginning of December at A$2.3Bn ($2.27Bn).
ILA Retains Chassis Pool Maintenance and Repair The International Longshoremen's Association won assurances its members will still maintain and repair chassis previously provided by ocean carriers but...
Spot Truck Demand Soared in December The spot market for truckload freight surged 55 percent year-over-year in December, according to the TransCore North American Freight Index. ...
Corps to Test Carp Barriers on Chicago Canal The Coast Guard will be limiting transit on a section of the Chicago Sanitary and Ship Canal beginning Tuesday to...
Kuehne + Nagel Buys South American Transporters Swiss logistics giant Kuehne + Nagel acquired three South American companies, expanding its perishables transportation and logistics network. The...
Wal-Mart to Enter Africa Market Wal-Mart, the world's largest retailer, moved a step closer to entering Africa as a 51 percent shareholder of a large...
Cargoitalia to Launch Freighters to Atlanta Cargoitalia, the Italian all-cargo airline, will launch an MD-11 freighter service between Milan and Atlanta on Feb. 2. The...
Seaway Tonnage Grew 15.5 Percent in 2010 Shipping through the St. Lawrence Seaway increased 15.5 percent in tonnage during 2010, according to the St. Lawrence Seaway Management...
Antwerp, Amsterdam, Rotterdam Eye Duisburg The ports of Antwerp, Amsterdam and Rotterdam are considering a joint bid for the German government's stake in Duisburg, the...
Greatwide Logistics Buys Overton Transportation Third-party logistics provider Greatwide Logistics Services acquired trucking operator Overton Transportation from Sysco. Terms of the deal were not disclosed. ...
ANA Cargo Volume Soars 29 Percent Japan's All Nippon Airways said its international cargo volume rose for the 15th consecutive month in November, soaring 29.2 percent...
Antwerp Hails Labor Deal The Port of Antwerp hailed a new labor agreement with dockworkers as a major breakthrough in its bid to boost...
Floating Rates A year ago, a dark cloud was descending on the trans-Pacific shipping market as the realization set in among shippers...
For Maximum Protection, See Section 7 of B/L Q: A shipment is to go from us to the customer of our customer, with a 3PL doing the actual...
Intermodal Inflection? Differential calculus defines an inflection point as a point on a curve where the curvature changes sign. Andy Grove, former...
Intermodal Churns Into 2011 Across North America's railroads, intermodal traffic is running strong. Trains maintained a solid pace in hauling containers and...
'Trucking' to the Caribbean ABF Freight System is expanding service to the Dominican Republic as trade with the Caribbean nation picks up, led by...
LTL Expands Off Pallet As 2011 gets under way, less-than-truckload carriers increasingly are thinking outside the pallet, expanding and launching non-traditional services in a...
Buying Power Returns Few events signaled a logistics recovery as loudly as last year's $512.6 million acquisition of ATC Technology by GENCO Supply...
Resolutions If 2009 was the year of the economic disaster and 2010 was the year of recovery and conflict, what will...
Bayonne Bridge Plan Raises Ire Shipping industry leaders are underwhelmed by the Port Authority of New York and New Jersey's decision on a general plan...
Bunker Mentality Returns When crude oil prices raced to more than $145 a barrel in mid-2008, bunker surcharges ratcheted up just as quickly....
Super-Sized Challenge The stunning increase in super-post-Panamax container ships provides carriers with economies of scale and a tricky management challenge. Balancing...
Capacity's Balancing Act Dave Akers is trying to sort out what's real and what's not in all of last year's ocean carrier announcements...
California Dreaming Driven by a late-year crest of exports, California's undermined trade competitiveness, amplified by the recession, ended in 2010. Surging volumes...
Uncertain Hours It may be months before truckers know how many hours they'll be allowed to drive under new federal work rules,...
Railroad Requirements The penchant of environmental regulators to set goals calling for the use of technology not fully developed is raising alarms...
Green Lights for Environment The greening of the freight transportation industry will take another big step this year, but years of preparation will limit...
Obama's Ambitious Trade Agenda This could be a breakthrough year for trade liberalization in the Asia-Pacific region. The first step is the U.S.-South Korea...
Asia Trade Looking Up U.S. containerized trade with Asia will grow over the next two years despite possible macroeconomic bumps, PIERS forecasts in its...
House Chairman Targets Highway Traffic As the new chairman of the House Transportation and Infrastructure Committee, Rep. John Mica, R-Fla., wants to get more bang...
Opening Transportation's Lockbox House Republicans are wasting no time asserting their new majority on transportation programs. Even before they got down to the...
'Made in U.S.A.' Storms Into Asia Before last October, the U.S. had exported $8 billion in goods to China in a single month only once: December...
MOL Logistics move to new Schiphol address MOL Logistics said Friday its Amsterdam branch office has moved to a new rampside location at Schiphol International Airport. The new location at the airport, the company said, will allow it to reduce lead time and the number of handling points, as...
Cargoitalia adds Atlanta stop All-cargo airline Cargoitalia will begin freighter service from Milan, Italy, to Atlanta on Feb. 2, providing the only direct main-deck cargo capacity between the two cities. Atlanta will be served twice-weekly from Milan, using Cargoitalia's 90-t...
CSA to step up rates throughout 2011 Member lines in the Caribbean Shipowners Association said last week they will raise rates in three increments through October: ' On Feb. 6, rates will rise $75 per 20-foot container, $150 per 40-foot container and $169 per container larger than 40 ...
Grand Alliance trims Asia/Europe loop A Grand Alliance loop between Asia and northern Europe will slow steam to account for the omission of six voyages in February and March, according to American Shipper affiliate ComPair Data. The alliance's Loop D, which has a rotation of Southampto...
CSAV to run own Mexico/U.S. West Coast loop CSAV said last week it is leaving a loop it operated with Hamburg S'd connecting North America and South America to form its own North America-only loop with similar port coverage on the U.S. West Coast. The Chilean line will not join Hamburg S'd ...
Treasury tags 24 more companies with IRISL ties The U.S. Treasury Department has named an additional 24 shipping companies with affiliation to the Islamic Republic of Iran Shipping Lines. The action build on Treasury's efforts to expose the financial and corporate underpinnings of IRISL, which ...
MSC adds 25% of new large ship capacity in '10 Swiss liner carrier Mediterranean Shipping Co. added 276,000 TEUs worth of fleet capacity in ships larger than 4,000 TEUs in 2010, far and away more than any other carrier in the world, according to statistics compiled by maritime consultant Dynam...
Carrier news CSAV to run own Mexico/U.S. West Coast loopCSAV said last week it is leaving a loop it operated with Hamburg S'd connecting North America and South America to form its own North America-only loop with similar port coverage on the U.S. West Coast. G...
Port news Equity firm buys 50% stake in Paranagua terminalGlobal private equity firm Advent International last week said it has acquired a 50 percent stake in Terminal de Cont'ineres de Paranagua S/A (TCP), Brazil's third-largest container terminal. COSCO co...
CT Offshore buys second hand tonnage ' again CT Offshore has expanded its fleet with the addition of the former German customs patrol vessel Bremerhaven, which will change its name to Sander 2. The vessel will be rebuilt
No sign of Leopard crew It is still uncertain where the six crew members of the Danish coaster Leopard are being held. The vessel was hijacked by pirates in the Indian Ocean off the coast
Cargotec inks EUR 40 million deal Cargotec has signed a contract worth EUR 40 million with Colombian Sociedad Portuaria Regional de Cartagena for two Kalmar ship-to-shore (STS) cranes and 24 Kalmar rubber-tyred gantry
Fujairah bunker market firm Healthy demand and big volumes in Suez.
Bunker prices mixed in key ports Healthy avails in Hamburg but the market 'largely quiet'.
Major doubts about 2020 global sulphur target Industry analysts think lack of refinery investment to meet expected distillate demand growth is likely to delay implementation.
Competition toughens as Istanbul sales volumes stagnate Prices 'at historical low levels due to very heavy competition' says local player.
DNVPS charts 30 years of bunker testing Over 1.4 million fuel samples tested since 1981 launch, service remains 'a risk management fundamental' for ship operators.
Management reshuffle at Lintec Geoff Jones becomes Global Fuels Director as Lintec's management team grows.
International Paint joins SEAaT as associate member Innovations such as reduced friction hull coatings 'play a key role' in reducing air emissions from shipping.
Asian IFO prices mixed, distillates on record high 'Average' demand at Asia's key bunkering hubs, traders say.
Sri Lanka port authority detains bunker tanker Due to suspected document irregularity for one of its crew, sources say.
Vopak to sell stake in BORCO for up to $268 million Follows footsteps of partner First Reserve; selling its 20% equity stake in the largest Caribbean oil storage terminal to Buckeye.
Hyundai Oilbank to cut bunker fuels output in Q2 New heavy oil upgrading plant, which will increase lighter distillates production, set to commence operation mid-May.
Forum to discuss fuel savings, alternative powering options Offering solutions driven by 'burden' of environmental regulation and rising bunker costs, says conference chairman.
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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