Singamas may raise container prices by 11% Singamas Container Holdings Ltd, the second-biggest maker of shipping boxes, may increase prices 11 per cent this year after steel costs rose and the Japan tsunami exacerbated a global shortage of cargo boxes.
Fire knocks out power to cruise ship A generator fire knocked out power to the ship of a newly started Mexico-based cruise line, stranding the vessel off the southern Pacific coast and forcing the evacuation of 515 passengers on Saturday, Oaxaca state authorities said.
Pirates promise to release Indonesian hostages Somalian pirates promised yesterday that they would release all Indonesian hostages after they receive US$3 million in ransom, a pirate said in a phone interview with local Metro television.
AELS recycles aircraft for EADS EFW Aircraft End-of-Life Solutions (AELS), a Dutch company that develops and executes end-of-life strategies for the aerospace industry, has announced a new project to disassemble and ...
AWT Group to forward goods via AWT Cechofracht a.s.a.s. All forwarding and logistic services of the AWT Group are going to be provided through AWT Cechofracht a.s.a.s. According to the AWT Group's strategic plan, one of the most valued ...
AFRAA calls on governments to support African airlines Growing competition and the uncontrolled granting of market access in Africa by some governments is putting untold pressure on local airlines, some of which are undercapitalized, p...
FedEx: plans for deep freeze recharge point in Delhi The US integrator FedEx plans to establish a deep freeze shipping recharge point in Delhi (India) for shipping temperature-sensitive products around the world. Deployment of the ne...
USA: work can begin on rebuilding Chadron railroads The city of Chadron and the Nebraska Northwest Railroad will soon begin rebuilding its tracks and rail yard thanks to an agreement with the US Department of Transportation (DOT) fo...
MAN Truck & Bus strengthening sales structure in Europe MAN and Pon Holdings have signed a contractual agreement dissolving the jointly-owned company they founded in 2007 to offer truck and bus sales and service. The agreement is subjec...
Southampton/UK: rail upgrade complete Bigger freight trains have started full operations between Southampton and the West Midlands (both UK), following the completion of a multi-million pound rail upgrade. The scheme a...
ELVIS pallet clearing system functions successfully The European cargo network E.L.V.I.S. AG recently launched a web-based pallet clearing system with 43 regions. Every month the regional partner BTK Befrachtungs- und Transport...
Greencarrier establishes strong UK foothold with acquisition of PTS The Sweden-based enterprise Greencarrier, which has in recent years expanded substantially within the Nordic countries and the Baltic states, has now established a permanent presen...
Port cities investigate how to make maximum use of renewable energy The use of renewable energy in all sorts of industrial processes is undoubtedly the challenge of the 21st century. Port cities too are confronted with this challenge, as the indust...
Shipowners call for action against piracy and for RIF register The French shipowners' association called for the state to take more vigorous action against piracy and said it was in favour of the second national registry - Registre Internation...
Dockwise selling its "Explorer" to optimize fleet Dockwise Ltd, a marine contractor that provides transport services to the offshore, onshore, and yachting industries, as well as installation services for extremely heavy offshore ...
Kenco Management Services: new senior director Kenco, a Chattanooga TN (USA)-based provider of logistics, transportation, real estate services and material handling equipment, has announced the executive promotion of Jason Ming...
Loxx swaps partner in Piedmont region The German logistics service provider Loxx changed its partner in the Piedmont region of Italy, with effect from 1 April. The move is designed to improve distribution performance a...
Fiata World Congress 2011 taking place in Cairo in October Fiata recently announced that the Fiata World Congress 2011 will take place in Cairo (Egypt). The new date of the congress will be from 16-21 October 2011. The congress venue is J ...
Cargo-Partner investing EUR 21.5 million in Slovakia The Austria-based global transport and logistics company Cargo-Partner is building a logistics centre in Dunajska Streda (Slovakia). The first phase - a 7,300 sqm warehouse - out o...
Pertamina orders its first VLGC Offshoot of Indonesia's state energy group tenders for newbuilding in apparent move into ownership within sector
Panamax prices slide $3m as rates remain low Bulkers over 15 years of age appear to be suffering the most - with prices dropping by as much as $3.5m in just five weeks
Maersk Tankers pays $105m apiece for VLCC resales A price tag of $105m each has emerged as the value paid by Maersk Tankers for three very large crude carrier newbuildings previously under construction for India's Great Eastern Shipping
Pakistan steals limelight as Bangladesh stays cautious Bangladeshi breakers are back in business - but the reopening of Chittagong yards has, as yet, failed to have much impact on price and demand
Qatargas will send extra LNG supplies to aid Japan Qatargas has said it will supply more than 60 additional cargoes of liquefied natural gas to Japan
DryShips orders capesize pair at SWS for $108m Chinese yard to build vessels, due to be delivered in third and fourth quarters of 2012
Marinakis inks order with HHI for up to 10 boxships With options, series could prove largest yet in wave of Greek boxship investments
Smaller boxships dominate new orders Majority of deals pencilled for smaller vessels of around 1,800 teu
Shouldering box costs With lines engaged in their habitual cut-throat rates competition, it will be difficult to pass on increased equipment costs to the punters
Judging rates Ocean carriers and their US customers are in a quandary about how to price transpacific ocean transport services over the coming year
European Navigation orders two shuttle tankers Places $187m order for pair at STX for Petrobras project
Kuehne + Nagel sees further growth Revenues and profits rise as it continues to win market share in its key sea and air freight markets
DP World offloads P&O Trans Australia shares Sells remainder of its shares in company to Qube Logistics
John Nelson to take helm at Lloyd's Banking veteran to replace Lord Levene's in October
TBS secures six-month reprieve Agrees set of covenant modifications with lenders that will keep company in operations
US box exports to northeast Asia poised for upturn Outlook bullish on Japan demand and stronger yuan could see 13% growth in 2011
Glencore shipowning arm seeks to join Intertanko Move comes as global trading companies look to strengthen their influence in shipping
Siemens places second platform order at Nordic Yards Shipbuilder to start construction of offshore platform in May
Anti-piracy fund set to run out of cash Shipping industry called on to provide up to $20m to fight piracy onshore
Rickmers upbeat on medium-term box prospects First-quarter profit soars 72% to $9.3m
Scrubber use set to rise Shipowners to turn to scrubbing technology as sector faces dearth of low-sulphur fuel oil
Eurotunnel revenues rise 24% Higher volumes and GBRf integration lift first-quarter revenues to $256.2m
China snubs Norshipping Norwegian organisers blame Nobel peace prize award for China's withdrawal
Time charter coverage keeps DHT in the black Defies weak freight market and posts $4m net profit in first quarter of 2011
CMA CGM signs two-year rail deal with DB Schenker at Southampton Move to carry high cube boxes on conventional train wagons persuades French line to send more than 25,000 containers via UK port per year
Japanese quake shifts choice of export hubs Shimizu and Kobe seed rise in export container volumes to the US in the weeks following the disaster
Washington aims to revive US waterways as traffic jams worsen US freight tonnage, including exports, imports and domestic shipments, is expected to grow 73% by 2035 from 2008 levels
Clowns to the left of me, jokers to the right... Freight rate volatility can mean a shipper becomes a hero when they go down and equally it can lose him his job if they shoot up.
Time to make over crew accommodation Ship designers should put more thought into the location of seafarers' living quarters on board boxships to enable crew to enjoy a sea view
Countdown to leasing rule change Owners continue to protest the inclusion of time and voyage contracts on balance sheets, but could it protect investors from exposure to bankruptcies such as Korea Line?
Shipping groups warn of piracy escalation GLOBAL shipping bodies sounded the alarm today over the detention of tanker crew members in retaliation for India's jailing of pirate suspects
DryShips orders Cape pair NASDAQ-listed DryShips has resumed expansion with two orders of Capesize drybulkers, a new SEC filing revealed
DPW sells Oz logistics stake DUBAI Ports World announced its latest Australian sale today after Qube Logistics agreed to buy its 50% stake in port logistics company P&O Trans Australia for A$106M ($112M)
K+N gains market share LEADING ocean freight forwarder Kuehne + Nagel increased the volume of container shipments under its management by 14% year on year in the first quarter, it said today
Migrants rescued in Libya ALMOST a thousand migrants were evacuated from the Libyan port of Misurata today on the ro-pax ferry Ionian Spirit
Charleston dredging plan sparks threat US SENATOR Lindsay Graham has threatened to block federal judicial nominations unless dredging is allowed at Charleston's port
748 evacuated off ship A CRUISE ship is reportedly to be towed to Huatulco for repairs after a fire off Mexico forced 748 people to be evacuated
TBS wins new waivers NASDAQ-listed TBS International today secured yet another reprieve from its lenders after its restructuring fell short
Breakers scrambling for tonnage edge BREAKERS in Pakistan and India are grabbing tonnage, amid oversupply in Bangladesh and low prices in China
Horizon ship arrested APM TERMINALS has arrested Horizon Line's Horizon Challenger after a crane accident in Texas, court filings confirmed
Tanzania offers offshore protection TANZANIA'S government has ordered its navy to escort offshore vessels searching for oil and gas off its coast, IHS Global Insight reported today
Antwerp shakes off recession blues ANTWERP said today cargo throughput increased 12.7% in the first quarter year on year, to 47.37M tonnes
Hutchison seeks Thai delay THAILAND'S transport ministry is seeking cabinet approval to allow Hutchison Port Holdings to delay its completion of three terminals at Laem Chabang, Fairplay has been told
Box carriers bleeding BROKERS in Shanghai told Fairplay today that box carriers are already in the red and undercutting each other for cargo on Asia/Europe routes
VLCCs lose wiggle room VLCC owners are at charterers' mercy this week because softening bunker prices mean there's little room for manoeuvring
NVO Rate Arrangements Begin April 18 is the first day on which shippers may enter into binding agreements for transporting their cargo under rates...
DOT Stimulus Obligations Hit $45.5 Billion Date: 0418 Keywords: infrastructure, economy, regulation, Washington, states DOT Stimulus Obligations Hit $45.5 Billion Some passenger rail grants from 2009 economic package still...
Pirates Release Ship, Hold Crew Somali pirates released the MV Asphalt Venture, a Panama-flag oil tanker, after almost seven months of captivity but later reneged...
Diesel Climbs 2.7 Cents to $4.105 per Gallon Diesel prices climbed 2.7 cents last week to a national retail average of $4.105 per gallon, according to the U.S....
Truck Driver Pay Rising Truck driver pay is heading up, with a 2.2 percent increase in February from January and a 4.6 percent increase...
DOT Grants $6.8 Million to Pa. Short Lines A group of small railroads in central Pennsylvania is receiving $6.8 million in federal grants for infrastructure upgrades to help...
CaroTrans Opens Office in Chile Ocean freight forwarder CaroTrans opened an office in Santiago, Chile, to support expansion in South America. The company...
CMA CGM Hikes Rates Across Network CMA CGM announced a range of rate increases and surcharges across its global liner network aimed at restoring revenue. ...
Rickmers Net Income Soars 72 Percent Rickmers Maritime Trust reported first quarter net income increased 72 percent from a year ago to $9.3 million, driven mainly...
DOT Approves $418 Million Loan for Texas Turnpike In one of its largest loans in months for infrastructure projects, the Department of Transportation OKd $418.4 million in long-term,...
APM Terminals Buys Control of Black Sea Port APM Terminals moved into the fast expanding Black Sea container market with the acquisition of a majority stake in Georgia's...
Choptank Transport Expands in Southeast Choptank Transport, an asset-based third-party logistics company in Preston, Md., opened a regional office in Atlanta, expanding its footprint in...
London Heathrow Cargo Workers to Vote on Strike Heathrow airport cargo workers are voting Monday on strike action in a dispute over the use of agency staff and...
Big, Bigger, Biggest To get a sense of the scale of the world's largest commercial container ships, it may help to stand in...
DP World Sells Remaining Australian Logistics Stake DP World is selling its remaining stake in container services company P&O Trans-Australia to co-shareholder Qube Logistics for $111 million. ...
Kuehne + Nagel Profit Jumps 18 Percent Kuehne + Nagel boosted first quarter net income almost 18 percent from a year ago as it gained market share...
Japan Utility Unveils Nuclear Crisis Control Plan Tokyo Electric Power Co., Japan's biggest electric utility, released a two-stage description of its plan for bringing the ongoing crisis...
Vive la Diff'rence It's early April and I'm writing this column as I wait for my flight home to Portland, Ore., after three...
Shifting Lanes The list of Top 50 Trucking Companies is a tale of three stories: parcel, truckload and less-than-truckload. The two parcel...
UShip Opens to Brokers Online marketplace uShip, which is doing for shipping what eBay did for sales, is moving deeper into the world of...
Railroads Track Strong 1st Quarter Expect North America's freight railroads to have plenty of good things to say about rail market trends when they report...
Pricing Toward Panama While ports on the North America's Pacific Coast are trying to bolster their positions in anticipation of the competitive changes...
West Coast's Found Capacity While East and Gulf coast ports deepen their harbors and expand container terminals to prepare for the mega-ships expected to...
A Chemical Reaction Transplace's purchase of SCO Logistics is aimed at bringing revenue, expanded services, new customers and new talent to the Dallas-based...
Carrier Profits in Reverse Shipping industry observers are raising alarms that the strong turnaround in container line profitability over the past year may be...
Corruption in Purchasing The Foreign Corrupt Practices Act imposes criminal and civil liability when companies make corrupt payments to foreign officials for the...
Budget Cuts Cloud Funding The late-night budget deal between President Obama and House Speaker John Boehner did not at first appear to make a...
Bersin's Bid to Build Unity The marriage of security and trade facilitation has been Alan Bersin's goal since he became commissioner of Customs and Border...
Bordering on Change U.S. Customs and Border Protection may have enhanced security with a slew of programs since 2001, but even the head...
Railroads Look Longer North America's trains are getting longer every year. That trend, which takes advantage of an engineering shift to improve railroad...
Who Wants Mega-Trucks? When mega-ships disgorge containers at U.S. ports, will mega-trucks haul them away? Trucking and shipping interests say heavier and perhaps...
The Logistics Industry's Role in Global Commerce Logistics and Advertising I read with great interest Barry Horowitz's March 28 column, "Logistics at Heart." As managing partner...
A risk business that hinders the growth of globalisation We are told that nothing is certain but death and taxes, but notwithstanding Benjamin Franklin's 18th Century perceptive wisdom, a shipper with regular business between Shanghai and Felixstowe is entitled to some comfort of reasonable certainty on ocean freight charges six-months forward; rather than the two-month deal that has become the new normal
French dockers make peace at last
UAE conference on piracy kicks off
Asia to USEC lords it over USWC route according to latest rate index
D'Amato sheds two Italian owner prepares to toss $50m into financial restructuring pot after offloading a bulker and a products tanker, brokers claim.
Horizon owns up New York-listed liner group watches stock plummet 10% after warning investors about APM Terminals allision.
CMA CGM eyes Ivory Coast French liner giant sends boxship trio to embattled West African nation as cocoa producers race to export tasty cash crop.
Cantor plots DHT's course Equity analyst says New York-listed tanker owner has the ammunition to support further ship acquisitions and expansion.
Horizon ship in US seizure Legal tabs mount as allision sparks battle between cash-strapped liner operator and Maersk terminal wing.
Gazprom taps Songa rig Russian energy giant coughs up $46m to take semi-submersible drilling rig from Arne Blystad's Songa Offshore.
DryShips books two capes George Economou-led owner pens its first dry-cargo newbuildings in over a year with $108m deal in China.
TBS dodges default Joseph Royce leads US-listed owner to big win at the bargaining table but rocky rates remain a threat to covenant compliance.
Ransom breached Industry bodies raise the alarm after pirates hold on to Indian crew despite freeing their ship following ransom payment.
Pac Basin pins Japan boost Hong Kong-listed owner reveals one of its vessels escaped tsunami in Onahama as it tips rebuilding work to spur demand in second half.
Rickmers looking up Singapore-listed trust says containership market will bounce back in the latter part of this year.
DHT falls short of Street Svein Moxnes Harfjeld-led tanker owner can't match market expectations despite return to the black in the first quarter.
DP World bags sale cash Emirates port giant collects over $110m after selling more Australian assets.
Elka books shuttle tankers Greek owner books up to four newbuildings in South Korea against long-term contracts with Petrobras.
SCI snaps up bulker brace Indian giant mops up two supramax resales from China's Grand Yard Investments.
Marinakis pens boxships Greek owner Evangelos Marinakis pens up to eight containerships at HHI in deal sure to spark IPO chat.
SAFE Port update introduced in Senate New legislation submitted in the U.S. Senate on Thursday would reauthorize for five years several maritime security programs that are key components of U.S. Customs and Border Protection's layered strategy of using risk segmentation to focus limit...
OWL makes promotions Ocean World Lines, a Lake Success, N.Y.-based non-vessel-operating common carrier and subsidiary of Pacer International, has announced three new business development positions, effective immediately. Lynn Ocasio, formerly export manager, has become...
JAL temporarily reduces capacity Japan Airlines said it is reducing the frequency of flights on 11 routes in Asia and downsizing aircraft sizes on three other routes in response to a drop in travel demand associated with last month's massive earthquake and tsunami disasters. Japan...
ANL starts China/Papua New Guinea service ANL, a subsidiary of French liner carrier CMA CGM, has started a service connecting China, Australia and the Papua New Guinea. The NAPX service has a rotation of Hong Kong, Shanghai, Rabaul, Lae, Port Moresby, Brisbane, Port Moresby, Lae, Mandang, ...
Wan Hai joins COSCO-KTMC intra-Asia loop Liner carrier Wan Hai has joined an intra-Asia loop operated by COSCO Container Lines and KTMC as an operator, according to American Shipper affiliate ComPair Data. The CSE service has a rotation of Shanghai, Dalian, Xingang, Qingdao, Ningbo, Manil...
Grand China plans rapid transpacific growth Grand China Shipping, the latest shipping company to enter the transpacific trade, has plans to expand rapidly over the next 18 months. The containershipRed Strengthdeparted Shanghai last week and is scheduled to arrive on April 26 at Total Termina...
Senate approves Cordero, Dye to FMC The U.S. Senate Thursday confirmed President Obama's nominations of Rebecca F. Dye and Mario Cordero as Federal Maritime Commissioners. They will be sworn in within the next several weeks. It's the first time the FMC has had all five commissioner...
Fujairah market firms Some suppliers reported insufficient products and barges for prompt dates.
Rotterdam bunker market firms LS products were tight in ARA region, according to reports.
'Chicken and egg' conundrum for LNG bunkers development Owners wary of investing in new fuel systems due to lack of infrastructure while supply-side wants to see evidence of demand.
New trader for Global Vision Jessie Ng joins Singapore team 'fresh from another international bunker trading house.'
Credit will become 'key issue' as bunker costs rise IBIA Chief Executive warns that buyers may find credit increasingly difficult to find.
Week opens with mixed bunker prices Demand 'mixed' at Asia's main bunkering ports on Monday, traders say.
Bunker file 'crash' further delays Berlian Laju 2010 result Re-inputting 'all 2010 transactions' relating to bunker consumption; plans to release results within eight weeks.
Player calls for 'pressure' to improve bunker sector Nigerian bunker player says government is giving 'little or no attention' to the marine fuel sector.
Dry bulk shipping industry needs 'game changer' Poorly built vessels spend more on bunkers than better quality vessels, says Pacific Basin CEO.
Bominflot welcomes new bunker trader Larry Fu Kim Po 'brings new perspective in bunker sales', says Bominflot Group.
Oil spill from collision between tankers 'under control' One of the tankers has leaked an estimated 2,000 litres of light diesel oil.
Bunker delivery delays at Taiwanese port 'easing' Only four out of five bunker barges in operation due to manpower shortage, says company source.
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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