Russian drilling rig sinks off Sakhalin, 49 missing An oil drilling rig with 67 crew on board capsized and sank off the Russian Far East island of Sakhalin yesterday when it ran into a storm while being towed, leaving 49 of the crew unaccounted for, the regional Emergencies Ministry said.
Rieck managing director Horst Stiegler leaving Horst Stiegler, managing director of the Rieck Holding and of Rieck Projekt Kontrakt Logistik (RPKL) in Berlin, will be retiring at the end of the year. Stiegler, with Rieck since...
Dusseldorf airport welcomes Etihad Etihad Airways is launching operations between Abu Dhabi and Dusseldorf (Germany) with an Airbus A330-300, beginning with a four-times weekly service which will increase to daily ...
Turkish Airlines increases services to Kabul Turkish Airlines is increasing its services to Afghanistan, operating its Istanbul-Kabul service five times a week (up from thrice-weekly), with new flights on Wednesdays and Satu...
New e-cargo online portal for RCA customers Rail Cargo Austria (RCA) is providing its customers with a new electronic service that contains clear and comprehensive information on freight shipments and wagon loads. In additi...
Rail expands environmental lead In the decade from 2000 to 2010, CO2 emissions from rail cargo dropped by 25% per km. This is shown by the latest figures from the environment and traffic database of the Heidelbe...
Expressway construction ongoing in India The Indian government has approved construction of 1,000 km of expressways under phase six of a national highway development project (NHDP). Stretches between Vadodara and Mumbai ...
Saudi Airlines Cargo earns ISO 9001:2008 certificate Saudi Airlines Cargo, which operates twelve full-freighters and sells the belly-capacity on 125 passenger aircraft, has earned a ISO 9001:2008 quality management system certificat...
Logwin expanding in China The Grevenmacher-based international logistics service provider Logwin is expanding its network in China, opening a new office in Chengdu, a western Chinese metropolis, on 1 Decemb...
Gebrüder Weiss adds Czech branch office The Austrian forwarding and logistics enterprise Gebrüder Weiss is improving its offering in the Czech market, opening a new office with a cross-docking facility in Jenec, near Pra...
Sebastian Jürgens quits HHLA board Hamburger Hafen und Logistik AG (HHLA) and Dr Sebastian Jürgens have amicably agreed to end their cooperation per 31 December, on account of incompatible views on the strategic or...
Ceva Logistics appoints Martin Thaysen as MD for China Ceva Logistics' appointment of Martin Thaysen as MD for China will take effect on 1 February 2012. Thaysen, currently the chief commercial officer of Damco, will be in charge of t...
Turkey issues more carnet TIRs in 2011 The trade and TIR section of the Union of Chambers and Commodity Exchanges of Turkey (Türkiye Odalar ve Borsalar Birligi TOBB) has said that the number of carnet TIRs issued in th...
Swedish authorities approve APMT's Gothenburg deal The competition authority of Sweden has approved APM Terminals' filing for the Skandia Container Terminal in Gothenburg (Sweden). Project teams from APMT and the port of Gothenbur...
Cooperation between Duisport and Abu Dhabi Ports Company The Abu Dhabi Ports Company (APDC) has signed a memorandum of understanding with Duisport. The signing was attended by German president Christian Wulff, Mohamed Juma Al-Shamisi, v...
Multitrade Spain carries oil rig equipment from Spain to Singapore Multitrade Spain, a member of the Cargo Equipment Experts network (CEE), recently arranged the transportation of a levelling tool, measuring 8.8 x 4 x 3.9 m and weighing 73 t with...
Michael Kühne may buy more Hapag-Lloyd shares The advisory board of TUI AG decided at a recent meeting to exercise its share option and offer them to partners in the Albert Ballin consortium. It was reported that Michael Kühne...
CMA CGM and OOCL partners in New Zealand-Far East trade CMA CGM will enter into partnership from December with OOCL on its ANZEX service in the New Zealand-Far East trade route. ANZEX will discontinue northbound calls at Port Kelang an...
Long Beach sees 17.6% decline Container trade volumes drop to 460,000 teu after CUT transfers to LA
EXCLUSIVE: ABN Amro sees opportunities for European banks in Asia But DNB chief reveals one client in five in technical default
Reports of $200,000 daily intra-Asia charter rock LNG market If confirmed, the deal marks a hike in prices
Rule B still alive and well in the US While the ruling may no longer be used for practical purposes, it is still kicking around with other important new rulings
Competing jurisdictions States are keen to promote themselves, but an array of factors need to be considered
Are ship arrests the last port of call? Claimants criticised for being too hasty, but alternatives are also limited
Top 100 2011 correction Early version of supplement contained incorrect K Line entry
Record Middle East spot cargoes fail to ignite VLCC charter rates Fixtures for December loadings total 140
The seafarer's secretary-general As the IMO bids farewell to Efthimios Mitropoulos, he will long be remembered for his exemplary leadership
Asia-Mediterranean box freight rates take biggest hit on weekly SCFI Gap between Mediterranean and European routes from Asia is closing
SinOceanic refinances vessel with China Exim Bank help $29.5m loan facility will be used for ship on charter to Yang Ming
IG reinsurance contract set to renew at same rate Record has been good for past four years, after horror of 2006-2007
China's Shagang Group 'owes $4.8m' to Diana Shipping Steel-producing giant becomes latest Chinese name in the frame for charter-hire delays
The future isn't what it used to be Forecasters have been predicting a gloomy outlook for the industry
Clipper sells stake in DFDS Reports suggest move is bid to strengthen company's bulk and multipurpose sectors
ECT lodges $1.2bn Maasvlakte 2 damages claim Hong Kong port firm challenges Rotterdam Port Authority amid fears of cargo exodus
Owners withdraw capesizes from demolition market Boom in charter rates has seen some companies step back to make quick cash
Greencarrier in Nordic expansion moves Logistics firm plans Finland and Poland push
OPEC to maintain current output Fears that oil cartel would cut production prove unfounded
Where is the money? HNA inks another deal, but its business approach remains a mystery
Loges heads for HSH Nordbank New leader for ship financing team to join by July 2012
Capesize rates to ease ahead of the holidays While rally may be ending, brokers still wonder at the resilience of cape rates
Vopak adds €50m to pension pot Voluntary contribution to employee fund will not affect group operating profit
Shipping confidence creeps up Moore Stephens report reveals faint glimmers of optimism
IG antitrust review faces delays as Brussels appoints new team New-year decision looks unlikely despite a two-year investigation
Frontline rescue bid off target Bank negotiations mean tanker company's financial reconstruction might not happen by year-end
Diana warns on charter CONCERN about counterparty risk is rising after today's revelation by Diana Shipping that a Chinese charterer of the Capesize Houston has halted payments
GenMar seeks Chapter 11 shield GENERAL Maritime's Chapter 11 plans have been largely approved by a bankruptcy judge in a crucial New York hearing
Kirby tops off buying spree NYSE-listed Kirby Corp has completed its acquisition spree for this year by acquiring the coastwise product carrier fleet of Seaboats for $42
US funds box schemes US BOX markets will benefit from expansions funded by a new round of economic stimulus grants announced by the Obama administration
Shipping seen gaining some transparency SHIPPING is gradually becoming more transparent in using accounting standards, a leading auditor company told Fairplay today
SITC unveils leaseback CHINA'S intra-Asia liner SITC has sold and leased back a box ship in a deal with a related company, joining other liners that have liquidated tonnage to strengthen balance sheets
China's hungry mills spark high CHINA'S iron ore imports hit an 11-month high in November, as a 31% drop in spot prices the previous month prompted steel producers to snap up more cargoes
Cross-gulf MRs firm THE FAST-moving pace of trades across the Persian Gulf is dictating that MR tanker owners cannot go to their holiday parties just yet, brokers told Fairplay today
Intra-Asia chemical rates firm BROKERS told Fairplay today intra-Asia chemical rates have firmed, with producers rushing to clear out year-end stocks
PST wins delisting approval THE SINGAPORE Stock Exchange today gave in-principle approval for the delisting of PST
Losses projected for RCL SINGAPORE securities company PhillipCapital has projected red ink for Thai intra-Asia liner RCL in 2011-12
Analysts Say No Asia-Europe Rate Recovery in Sight Analysts don't expect Asia-Europe rates to recover in the coming weeks because there is no surge of volume and reduction...
US Intermodal Volume Grows 3 Percent Intermodal volume for U.S. railroads grew 3 percent year-over-year in the first full week of December, helped by container shipments...
Canadian Pacific Names Two Board Members Canadian Pacific named veteran railroad executives Tony L. Ingram and Edmond L. Harris to its board of directors, adding substantial...
Oakland Officials Urge Crackdown on Occupy Protests Oakland City Council members are urging city leaders to prevent protesters from shutting down the Port of Oakland again, but...
Maersk Sets Congestion Fee at Tanzania Port Maersk Line is imposing port congestion surcharges on all inbound containers handled at Dar es Salaam, Tanzania. The proposed...
Ocean Shipping Industry Outlook Improves, Survey Says The ocean shipping industry's confidence grew in the quarter ended Nov. 30 despite concerns about vessel overcapacity and the slowing...
Lufthansa Cargo Mulls Reducing China Operations Lufthansa Cargo is considering a reduction of operations in China, which accounts for a fifth of the company's sales, as...
Calm Before the Export Storm U.S. exporters are looking forward to a good year in 2012, but they also are somewhat disappointed. If the global...
Growing in Spurts Few industries face the unique market forces that can affect the flow of trade as agriculture does. Markets can be...
A Survival Plan Two Japanese semiconductor makers, Elpida Memory and Renesas Electronics, were created through mergers of divisions spun off by other Japanese...
Occupied Ports Anyone working for U.S. ports, or even generally associated with moving goods in and out of the United States, owes...
Paying Double When a Broker Doesn't Q: Our Canadian division in Ontario shipped five machines to its customer pickup account in California. The shipment was freight...
Asian Auto Production Fuels 3PL Boom, DHL Says Asian demand for new cars and increased sourcing of parts from China are fueling a third-party logistics boom in the...
Long Beach Container Imports Fall 15.6 Percent The Port of Long Beach reported double-digit declines in cargo volume in November, largely because of the loss of a...
Maersk Line to improve transit times from Asia to Northern Europe Maersk Line has announced the following improvement in transit times from Asia to Northern Europe:Shanghai - Zeebrugge: 26 days - ...
GE SeaCo takeover completed Today sees the takeover of GE SeaCo and its various subsidiaries by the China-based HNA group finalised. The company is now in the process of being renamed Seaco ...
US agri shippers capitalise on Colombia/Panama FTAs US agricultural exporters are capitalising on the recent Free Trade Agreements (FTA) struck between the US and Panama and Colombia after a US Grains Council delegation ...
US/Canada launch border action plan to facilitate trade Shippers and carriers will be able to trade more efficiently between Canada and the US after a Beyond-the-Border action plan was launched by the two governments ...
More US/China 'sabre rattling' trade wars China has imposed a 22% duty on the import of US manufactured large cars and SUVs, alleging 'dumping and improper federal subsidies' in the latest round of the ...
China's PMI still in contracting mode The bellwether HSBC China Purchasing Managers Index [PMI] edged up in December to 49.0 - from the previous month's 47.7 - but still remained in negative territory ...
IMF: spectre of 1930s-style depression That was the warning given by the head of the International Monetary Fund [IMF], Christine Lagarde, yesterday after it emerged that other EU countries, in addition ...
Maersk Daily expands in Europe The pending dissolution of Maersk Line's joint big-ship Asia-Europe service with partner CMA CGM has led Maersk to include three new ports in Northern Europe to its Daily Maersk product.
Seabury: U.S. container trade more balanced Containerized cargo exports from the U.S. will continue to grow more quickly in the next four years than imports, bringing the nation's trade more into balance, said Mathijs Slangen, maritime advisor for the investment banking firm Seabury Group.
Bunker prices mixed as week ends Futures lowered on European economic growth concerns.
COP17: Proposal to tax shipping not dead in the water Andre Stochniol tells Sustainable Shipping that the issue may have been delayed in Durban, but the opportunity is not lost.
Kirby Corporation grows offshore tank barge fleet Fleet consisting of three 80,000 barrel tank barge units provides additional flexibility.
'No immediate fix' to Gulf of Guinea piracy problem Anti-piracy measures have helped but not yet enticing bunker suppliers back to previous STS 'hub' off Benin.
Cargo ship leaking fuel off the coast of France The TK Bremen is believed to have been carrying around 220 tonnes of fuel.
Quiet end to the week in Rotterdam Gibraltar 'quite active' as buyers take advantage of recent price falls.
Fujairah market softer Prices mostly lower across ports in Middle East and Africa.
Observers puzzled by Hamworthy Krystallon scrubber statements Question how a vessel without a main engine scrubber can be 'future proof' if it were to sail in an ECA.
Still uncertainty around North American ECA enforcement Regulators have yet to give clear signals on whether ships must use distillates when LSFO is not available.
CLIA continues work on equivalent ECA solution 'Encouraged' after recent meetings with regulators in the US and Canada.
Asian IFO prices generally down as week ends Average demand at major Asian bunkering ports on Friday.
South China's fuel imports to increase 13% in December Growth attributed to the expanding bonded bunker business in Fujian province.
BP opens bunker storage facility in Brisbane Bunker fuel terminal features total storage capacity of 30,000 mt, a dedicated barge wharf and a double-hulled bunker tanker.
Troubled Genmar authorised to pay bunker suppliers US bankruptcy judge gives final order, capped payment to 'critical and foreign vendors' at $22 million.
Lanka IOC 'in talks' to supply bonded bunkers in Trincomalee Approval from the local port authority will enable more competitive bunker prices at the port.
Brisk demand, cargo delays tighten Colombo IFO avails Two major local suppliers have 'sold out' their current stocks, players 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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