Danish meet to highlight growing piracy problem Danish shipping companies plan to draw attention to the mounting perils of piracy off Somalia in a meeting later this month with the world's biggest shippers group, an executive said on Monday.
Strait Talk
Bunkering: undervalued but vital MARINE fuel, or bunkers, is not the most glamorous sector of the shipping industry. Youngsters may wish to go to sea, perhaps be the captain of a cruise ship or massive containership, but few are likely to have a burning ambition to be the master of a bunker barge.
Shipping Times
China plans high-speed rail to Singapore in 5 years: report China's southern Guangxi Zhuang autonomous region will make building a high-speed rail link from its main city of Nanning to connect to a planned Singapore-bound line its main task in the next five years, the China Daily said.
Danish meet to highlight growing piracy problem Danish shipping companies plan to draw attention to the mounting perils of piracy off Somalia in a meeting later this month with the world's biggest shippers group, an executive said on Monday.
Strait Talk
Bunkering: undervalued but vital MARINE fuel, or bunkers, is not the most glamorous sector of the shipping industry. Youngsters may wish to go to sea, perhaps be the captain of a cruise ship or massive containership, but few are likely to have a burning ambition to be the master of a bunker barge.
Shipping Times
China plans high-speed rail to Singapore in 5 years: report China's southern Guangxi Zhuang autonomous region will make building a high-speed rail link from its main city of Nanning to connect to a planned Singapore-bound line its main task in the next five years, the China Daily said.
Danish meet to highlight growing piracy problem Danish shipping companies plan to draw attention to the mounting perils of piracy off Somalia in a meeting later this month with the world's biggest shippers group, an executive said on Monday.
Strait Talk
Bunkering: undervalued but vital MARINE fuel, or bunkers, is not the most glamorous sector of the shipping industry. Youngsters may wish to go to sea, perhaps be the captain of a cruise ship or massive containership, but few are likely to have a burning ambition to be the master of a bunker barge.
Shipping Times
China plans high-speed rail to Singapore in 5 years: report China's southern Guangxi Zhuang autonomous region will make building a high-speed rail link from its main city of Nanning to connect to a planned Singapore-bound line its main task in the next five years, the China Daily said.
Euronav hit by late, short winter Tanker owner reports fourth quarter net loss of $17.6m after the seasonal winter rise in rates came too late and proved to be too short-lived.
Tanker derivatives traders in push for dollar-per-day deals Abandoning complex Worldscale formula will boost market maturity and liquidity
Scrap prices reach $500 per ldt Strong steel prices lead to aggressive pricing as two vessels earn top dollar for tonnage
Saudi Arabia has boosted oil output, says IEA The International Energy Agency said today that Saudi Arabia, the leader Organization of the Petroleum Exporting Countries, had quietly boosted output to cool an oil price rally, while Opec accused the agency of providing inconsistent oil price views
Tonnage glut still tarnishing aframax prospects The health of the aframax sector remains poor this week, as the supply of tonnage continues to outstrip the availability of cargoes on all major trading routes
Rio Tinto sets iron ore production record in 2010 Recovering Asian demand for iron ore helped Rio Tinto set new production records in 2010 with fourth-quarter output at 65m tonnes, taking the annual total to 239m tonne
'Fixing and sailing' for Pacific panamax owners The release of grain cargoes for export from the east coast of South America to Asia, and anticipated tighter controls on iron ore exports from India, have buoyed sentiment for owners and operators of panamax bulk carriers
Aponte calls for security in key Indian Ocean corridors MSC boss draws up ship protection plan
Breakneck dry bulk fleet growth counters surge in cancellations Number of cancelled orders at yards hit 929 units in 2010
New World partners start to trim capacity Lines cut capacity as box trade volumes slacken ahead of Chinese New Year
China's growing trade boosts currency Companies can now pay for a host of services, including transportation and packaging charges in yuan to China-based customers
What is the payoff for shipping if yuan goes global? Container lines' China-based customers will demand the option of settling in yuan once the market is big enough
Asia speeds to its ascendancy at the heart of global shipping Three trends that may help the Asian dry cargo and box sectors overcome their current woes
Angelicoussis flags latest newbuilding in Malta Shuns Greek flag in apparent protest over government maritime policy
Tunisian port starts to resume operations Rades starts to reopen after political crisis shuts down the county's ports
Reality check The ambition of Grand China Logistics to become the country's leading carrier borders on the megalomaniac
Dutch report calls for use of accredited armed guards Accredited armed guards should be allowed on board vulnerable Dutch-flagged ships
Irish lights subsidy to end within four years Ministers agree timetable to phase out funding
Hijacks hit record high in 2010 IMB data shows 53 ships and 1,181 crew members taken hostage
Danish shipowners voice anger over anti-piracy efforts Call for firm action to build up coastguard forces and develop exit strategy
MSC rules out 18,000 teu boxships Line has no intention of following Maersk in ordering the so-called malaccamax vessels
Genmar sells product tanker trio to settle bridge loan Unveils $61.7m sale-and-leaseback, proceeds of which will go to repay $22.8m loan
Nordcapital raises $150m in 2010 K G financier paid out '70m to shipping investors
Courage Marine seeks dual listing in Hong Kong Singapore company says the move would enhance its business prospects in China
Anti-piracy campaign needs to get personal MSC boss is angry at navy patrols' apparent inability to protect commercial ships from piracy attacks
SNRH ceases Le Havre operations Uncompetitive crewing conditions blamed for closure
Warnings abound for 2011 ANALYSTS today reported more evidence of downside risk, warning that both tanker and drybulk owners face a challenging year ahead.
Calais traffic falls LEADING French ferry port Calais saw freight vehicle carryings fall by 10.4% year on year to 1.58M in 2010, it announced today.
Tunisia ports avoid unrest TUNISIA'S ports have managed to avoid any major impact from continuing unrest in the country, Fairplay was told today.
ER Schiffahrt cancels South Korean order HAMBURG shipowner/ship manager ER Schiffahrt still plans to grow its anchor-handling and offshore fleet, despite a recent order cancellation, it said today.
Repsol pledges safety boost RESPSOL announced plans today to spend '130M ($174M) on improving safety mechanisms at its refinery installations at the Spanish port of Tarragona.
India opens up access for Canadian lumber LUMBER shipments from Canada to Asia are set to rise after India certified additional imports of the commodity.
Anti-piracy efforts flounder in vacuum ALL COUNTER-piracy measures being taken at sea are being undermined by the continuing vacuum of authority in Somalia, according to the International Maritime Bureau.
Snøhvit LNG shipments set to resume LNG EXPORTS are reportedly set to resume from Norway's Snøhvit LNG after almost a month's closure for repairs.
VLCC rates stay low HEIGHTENED activity in the VLCC spot market has failed to boost rates significantly, analysts said today.
Bright Asian skies seen for LNG PROJECTED rising LNG demand in Asia is set to fuel long-haul shipping of the commodity from exporting countries, a Singapore conference has heard.
New World cuts capacity SLOW Chinese exports have led the New World Alliance to announce temporary cuts to capacity on some trans-Pacific routes, Fairplay was told today.
Disaster ferry trials to start next month THE TRIALS of those charged with manslaughter over the sinking of the Tongan ferry Princess Ashika will reportedly begin in the Nuku'alofa Supreme Court early next month.
STX Pan Ocean seeks fleet growth STX Pan Ocean of South Korea plans to spend $320M on nine ships this year.
Oz dockers to strike again AUSTRALIAN authorities have given approval for another strike this week at Melbourne's Webb Dock.
Rio Tinto breaks records RIO TINTO announced quarterly and annual iron ore production records today, but said it is yet to gauge the full impact of the Queensland floods on its operations.
US Meets With Mexico on Cross-Border Trucking Transportation Secretary Ray LaHood said he expects to have an agreement to revive cross-border trucking between the U.S. and Mexico...
Nordana to Call at Savannah Terminal Nordana will add regular calls at Savannah's Liberty Terminal to its Mediterranean-Americas service, beginning with the sailing of the Schackenborg...
Charleston's December Container Volume Climbs 9.7 Percent Container volume at the Port of Charleston increased by 9.7 percent in December from the same month last year. ...
Long Beach Posts Record Jump in Traffic Container volume at the Port of Long Beach in 2010 increased 1.2 million TEUs, or 23.6 percent over 2009, the...
Trucker CTS Plans Chapter 11 Reorganization Trucking company Cargo Transportation Services can attempt to reorganize after a U.S. bankruptcy court judge gave the company the cash...
Senators Target Cross-border Trash Trucking Michigan is trashing one type of cross-border trucking ' the hauling of waste from Toronto and other Canadian cities to...
French Dock Unions, Employers Talk to Avert Strikes French port employers and dock leaders are holding talks in a bid to avert a fresh round of strikes at...
Truckload Carrier Sees Strong December Demand Truckload carrier Titan Transfer saw its strongest freight demand of the fourth quarter in December, a sharp change from normal...
Cargo Theft Rose to Record High in 2010 The theft of cargo while in transit rose by 4.1 percent to record levels in 2010, according to the 2010...
Japanese Ship Orders Surge 162 Percent After falling for 15 months in a row, Japanese export ship orders rose for the 13th consecutive month in December...
Damco Names Weber Head of Carrier Management Stefan P. Weber is now head of carrier management for Damco in North America, the company said. Weber assumed his...
Shipper Groups Urge Antitrust Immunity Repeal Trade groups are launching a new effort to get Congress to repeal ocean carriers' immunity to antitrust laws. Twenty-nine...
Q&A: Proposed Changes to Truck Drivers' Hours of Service In this podcast, Senior Editor William B. Cassidy talks about the proposed changes to trucking's HOS, explains the 34-hour rule...
OT Africa Adds Fifth Ship to Europe-West Africa Service OT Africa Line restructured its roll-on, roll-off service from Europe to Africa by adding a fifth ship to the service...
Pirates Took Record Number of Hostages in 2010 Pirates took a record number of 1,181 hostages in 2010 and killed eight seafarers as attacks on merchant vessels hit...
New World Alliance to Cut Trans-Pacific Capacity Ocean shipping lines that have kept vessel capacity at peak-season levels through January are starting to announce cuts to take...
Hanjin Receives Two Post-Panamax Ships Hanjin Shipping took delivery of two new post-Panamax containerships with capacities of 8,600 20-foot-equivalent units of containers, the South Korean...
Hutchison Ports Plans $6 Billion IPO Hutchison Port Holdings, the world's largest port operator, plans to spin off the majority of its port operation business and...
Greatwide buys Overton from Sysco Greatwide Logistics Services said it has acquired the contracts, personnel and equipment of Overton Transportation, a subsidiary of Sysco Corp. Overton has 70 tractors, 100 trailers and 133 employees operating out of a terminal in La Vergne, Tenn. ...
Americas/Europe loop switches to Dunkirk A CMA CGM-operated Americas/North Europe service will divert calls at the Port of Le Havre to the Port of Dunkirk due to strikes in Le Havre, according to a customer notice last week from Hapag-Lloyd, which is a slot buyer on the service. The notic...
Hanjin receives two more 8,600-TEU ships Hanjin Shipping said Tuesday it has received two 8,600-TEU vessels from South Korean shipbuilder Hyundai Samho Heavy Industries. They are the second and third deliveries in a series of five such ships for the Korean line. The other two will be del...
Record high-seas hostage taking in 2010 The International Maritime Bureau, an organization tasked with monitoring piracy, reported that pirates captured 1,181 seafarers and killed eight, with a total of 53 ships hijacked in 2010. The number of pirate attacks against ships has risen ever...
CSAV carries record volume in December CSAV said it carried a record 294,500 TEUs in December 2010, compared with 191,000 TEUs in December 2009. The Chilean carrier said, however, that freight rates fell for the third month in a row. Using an index that pegged average freight rates in 2...
New World to cut transpacific capacity New World Alliance members APL, Hyundai Merchant Marine and MOL said Tuesday they will "selectively" omit sailings on four transpacific services to reduce capacity during the slack season. The alliance lines will omit sailings on their SAX, PSW, PC...
Shippers ask new Congress for antitrust repeal A group of 29 shipper organizations are asking for a renewed effort by Congress to repeal antitrust immunity for ocean carriers. The shippers, from a range of industries, said such a change "would place U.S. importers and exporters on a level play...
TSA to require 100% air cargo inspection by Dec. 31 TheU.S. Transportation Security Administration said Fridayit plans to reach its goal of screening all air cargo arriving by passenger airline from foreign destinations by the end of the year, accelerating its timetable by more than a year. Last Au...
Sea, air shipper regulatory issues
Antitrust and air cargo inspections Shippers ask new Congress for antitrust repeal A group of 29 shipper organizations are asking for a renewed effort by Congress to repeal antitrust immunity for ocean carriers.The shippers, from a range of industries, said such a change "would place...
Stena adds two tankers to Suezmax pool Two new Suezmax tankers, the 158,000 DWT units Mare Doricum and Mare Picenum, have joined the Stena Bulk's and the Angolan oil company Sonangol's Suezmax pool. The vessels are owned
Bulk carrier hijacked in Gulf of Aden On 17 January, the bulk carrier Eagle was hijacked 490 nautical miles South off Salalah, Oman. The pirates boarding the vessel using rocket propelled grenades. The Cyprus-flagged Eagle, 52,163
Buffalo Marine christens state-of-the-art towboat Streamlined hull design and propeller system reduce fuel consumption and emissions, while new construction materials reduce noise.
Small gains in Fujairah Bunker market quiet in Suez.
Indian fuel oil exports remain strong Congestion likely to keep Singapore market tight.
Bunker prices stable Bunker market quiet in Hamburg.
New accreditation for Viswa Lab 'We are once again in the forefront,' says testing agency.
Rosneft 'preparing to enter Asian bunker market' Oil giant planning to open Singapore office.
Bunker manager moves to LBC Tank Terminals Arnaud Wach' will be replaced by Fernando Regueral.
Freed vessel seeking bunkers EU task force says pirates have released product tanker.
IFO prices in Singapore, Tokyo reach fresh highs Demand mostly 'average' at key Asian bunkering hubs, traders say.
Dan-Bunkering appoints sales manager for Monaco office Promotes Olga Balaban to senior bunker trader and sales manager.
Q4 earnings hurt by high bunker prices Eitzen Chemical lowers earnings forecast in Q4 on 'weaker than expected' trading during the period.
Sinopec Zhoushan to build bonded oil storage facility Aims to complete 130,000-140,000 m' storage facility by Q1 of 2012, says company source.
Singapore urged to be 'proactive' in LNG bunkering Singapore has a 'central role' to play in the global discussion on LNG, says President of Norwegian Shipowners' Association.
Cold weather stalls bunker ops in Far East Russian ports Tight bunker avails for prompt orders at Nakhodka, Vladivostok and Vostochnyy, traders say.
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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