NOL makes 1st investment in China terminal NOL Group will gain its first toehold in the Chinese container terminal business through a joint venture (JV) to operate a two-berth container terminal at the port of Qingdao, it announced yesterday.
Cooperate to strengthen maritime security The Republic believes that an open, inclusive and flexible approach is necessary to meet multi-faceted maritime security challenges. And as such threats proliferate and evolve, the international community must also work closely together to innovate and find more practical solutions to combat maritime terrorism and piracy.
Chilltainers and Hellmann launch joint venture Chilltainers Hellmann - a newly established 50:50 joint venture between Chilltainers Holdings and the German company Hellmann Worldwide Logistics, is expected to deliver an unprece...
US Army Corps gives green light to port of Charleston deepening plan The deepening of the US port of Charleston took a huge leap forward when the US Army Corps of Engineers recently released its work plan for the remainder of fiscal year 2011. The C...
Wabtec signs USD 21 million contract to provide ECP braking equipment to Rio Tinto Wabtec Corporation has signed a USD 21 million contract with Rio Tinto, a leading international mining company, to provide electronically controlled pneumatic (ECP) braking equipme...
Xrail alliance successfully strengthens wagonload services in Europe Xrail, a production alliance launched in February 2010 by seven European railfreight operators to bolster international wagonload services, is delivering positive results: Starting...
System Alliance Europe expanding again The European general cargo collaboration System Alliance Europe has a new partner in the shape of the Greek forwarding company Omega International Transport, which has sites in Ath...
Fewer deaths on Europe's roads The number of deaths on the roads in Europe fell by around a third between 2001 and 2009. The roads became safer for lorry and van drivers as well. Incidents involving these p...
DB Schenker Rail: on track for growth and a higher market share DB Schenker Rail, the rail freight business unit of Deutsche Bahn, reported 9% growth in Q1/2011, compared to the previous year. In terms of revenues DB Schenker Rail grew by 11% i...
Camair awards worldwide GSA contract to ECS Group Camair, the new national airline of the Republic of Cameroon, has signed a worldwide cargo general sales agency contract with ECS Group. Efis Air, the Paris-based subsidiary of ECS...
Volga-Dnepr Airlines approved to handle cargo at Russian airports The Federal Air Transport Agency of Russia's Ministry of Transport has awarded a certificate to Volga-Dnepr Airlines enabling it to perform its own cargo handling at Russian airpor...
Cargoitalia boosts efficiency with "iCargo" Cargoitalia - Italy's all-cargo flag carrier - has selected "iCargo" provided by IBS as its new IT framework. "iCargo replaces the legacy system inherited from the o...
GS1 Germany - new chairman of the supervisory board The supervisory board of GS1 Germany recently elected Otmar W. Debald, CEO of Procter & Gamble Germany, as its new chairman and selected Erich Harsch, CEO of dm-drogerie markt,...
Petrolesport offers discounts on delivery of Japanese cargo Petrolesport OJSC (part of the Global Ports Investments PLC group) recently announced a 50% discount on services required for delivering Japanese containers to the additional radia...
Buss Global Container Fund 1: successful sale of container fleet The Buss Global Container Fund 1 has sold its container fleet about eighteen months earlier than planned and will be successfully terminated. The fund's approximately 2,900 investo...
20,000 concrete blocks to protect Dutch coast The port of Rotterdam has announced that the first 40 m of the new block dam that will protect Maasvlakte 2 from the onslaught of waves are now in place. Three weeks ago, a sp...
Weber Logistics expands in California The Seattle WA (USA)-based logistics company Weber Logistics has expanded in Stockton CA - the key hub location for Northern California. Weber's Stockton facility has added ...
Garland Group invests EUR 8 million in Portugal Garland Logistics, a subsidiary enterprise of the Garland Group, one of the most important groups in Portugal in the transportation and logistics sector, began construction work on...
Torm attributes $45m loss to poor LR2 freight rates Danish company, with many LR2 tankers on its books, said low earnings in that sector was 'not a good cocktail for us'
IEA urges oil producers to ramp up supply to lower prices Global economic recovery at threat as crude volumes remain tight
Transatlantic MR tanker rate slide continues with no sign of bottom Product tankers shipping European gasoline across the Atlantic to New York saw charter rates tumble 17% in a week , with a long list of vessels still available for employment offering little indication that a bottom has been found for the market
Stena linked to LNG carrier purchase Sweden's Stena Group is understood to have bought two liquefied natural gas carriers for a total of $240m
Transatlantic capesize spot rates rocket on Classic Maritime fixture Prices jump $3,700 overnight to $8,500 a day but brokers unsure this level can be sustained
Wreck removal bill has unseen costs for shipping A UK bill could see the cost of removing uninsured wrecks picked up by UK and other shipowners
Testing times for north Europe-West Africa trades Route's growth potential to be hit by increasing Chinese competition, political disruption and the risk of piracy
Vantage Drilling orders $590m deepsea drillship from Daewoo Latest deal reflects the way ordering boom is linked to financial engineering
Ordering boom boosts value of rig builders Prices for newbuild jack-ups and drillships edging closer to 2007 peaks
Gulf of Mexico loses deepwater appeal Offshore Brazil enters new phase as interest turns to Latin America
Saecs offers more capacity on seasonal loop Increased demand anticipated during South African fruit season
Drydocking hits Top Ships' bottom line Dry and wet operator posts $2.3m loss for first quarter after high-earning bulk carrier is sidelined
RS Platou aims to raise $63m capital Shipbroker could be first listed on Oslo Stock Exchange
Iran sanctions drive liner agency linked to IRISL into administration Purchase of majority of Johnson Stevens Agencies business makes Kestrel the UK's biggest independent agency
Newbuilding prices still falling, says Seaspan chief Despite rising costs, surplus capacity means owners can squeeze yards over price
Dry bulk market could recover by July, says MOL chief Company president Muto downplays impact of Vale's move to launch own fleet of giant iron ore carriers
Moody's signals that investors are right to be bullish about boxes Report says credit quality of rated container shipping companies should stabilise this year, but operators must continue to improve efficiency
Brussels targets the big guns This week's raids by EU competition officials seem to have been based on lines' fleet capacity
Sad ending for Johnson Stevens Independent liner agency enters into administration after 35 years in business
Torm storm in a Greek teacup As Danish media question chief executive's compensation deal, is the underlying issue more about who controls the company?
Shipping needs a new prescription for this cancer Piracy has spread much faster than was first envisaged. The industry and the UN must act now, with fresh strategies
Seanergy targets expansion Despite $1.5m net loss as time charter earnings fall, dry bulk operator predicts solid long-term outlook for market
'Fortress-like' balance sheet at Navios as bulker pair changes hands In-house sale nets $120m cash and $10m in equity, bumping up liquidity to $290m
MOL has nothing to hide from EU regulators, says Koichi Muto Liner company's president defends collaboration between shipping companies in tough times
Odfjell Offshore postpones its listing Drilling company decides to wait until timing is right and stock market is stronger
Toxic waste dispute vessel to be scrapped Notorious bulk and oil carrier Probo Koala said to be heading to Chittagong shipbreakers
Minerva launches new proceedings against Grand China Logistics Owner has 'no alternative' but to chase alleged arrears on charter hire payments of around $2m
Frangou builds her 'fortress' NAVIOS Holdings boss Angeliki Frangou today highlighted her company's fortified liquidity, even as a potentially "prolonged downturn" lies ahead
'K' Line battles tax man 'K' LINE told Fairplay today it is challenging the Osaka Regional Taxation Bureau's findings that the liner failed to declare 6.4Bn yen ($78.2M) in income
Weak products market torments Torm A WEAK product tanker market dragged DS Torm, the listed Danish product tanker and drybulk carrier operator, into the red in 1Q11
Passengers safe in grounding INVESTIGATIONS are under way in Canada into how a ferry ran aground, forcing about 100 passengers to be evacuated by sea
Top keeps sinking TOP SHIPS today disclosed losses in its latest quarter, as its debt load continues to loom large
Three sought in collision THE US Coast Guard is searching today for three crew members of a commercial fishing vessel after its collision with a box ship in the Gulf of Mexico
Iraq: Kuwait port plan encroaches IRAQ HAS challenged Kuwait's decision to build a port where Baghdad said it would encroach on Iraq's territorial waters, IHS Global Insight reported today
Long disruption seen for Libya trade EVEN IF peace breaks out soon, seaborne trade with Libya might not be rebuilt until next year, an Antwerp conference was told today
Wars disrupt heavy-lift SOCIAL unrest and civil war in North Africa is likely to depress local project cargo flows, carrier and forwarder conference delegates were warned today
Court knocks Coast Guard's legal move SAFEGUARDS were overlooked by the US Coast Guard when it tried to pre-empt Massachusetts laws aimed at preventing oil spills, an appellate court has ruled
Where offshore gets crowded out ONSHORE demand for heavy transport "could crowd out offshore energy projects", Philip Adkins, CEO of Fairstar Heavy Transport, warned a Shanghai conference today
Belgium warned on customs THE EC has told Belgium to extend customs' opening hours at its major ports and cut or end charges for certain customs operations
DPW completes reverse stock split DUBAI Ports World said today it has completed its share consolidation as it prepares for its London listing in the coming weeks
VLCC owners squeezed ASIAN VLCC rates have dropped from last week as charterers try to squeeze lower rates out of owners, brokers told Fairplay today
China power shortages hit iron ore PRICES for Chinese iron ore imports are falling, with electricity supply problems hampering its China's steel industry, according to shipping analysts
Trucking Software Firm Expands into Logistics For-hire trucking software provider TMW Systems acquired Appian Logistics Software, extending its reach into the private fleet and logistics markets....
Trucker Pitt Ohio to Upgrade Fleet Regional less-than-truckload carrier Pitt Ohio will purchase 125 tractors and 100 trailers this year, as the company benefits from a...
Japan's Economy Sinks Into Recession The Japanese economy shrank 0.9 percent in real terms in the first quarter from the preceding quarter, or at an...
Intermodal Traffic Up 6.3 Percent Intermodal traffic on U.S. railroads last week rose 6.3 percent from a year ago while carload shipments increased 1.6 percent,...
Carriers to Launch China, S. Africa, S. America Loops CSAV, CMA CGM and China Shipping are teaming up to launch a new weekly service with two slings between the...
Safmarine Restarts South African Reefer Loop Safmarine is bringing back its seasonal SAECS Reefer Express service, first launched three years ago to provide extra capacity during...
Box Ships Adds Two Vessels to Initial Fleet Box Ships, a New York Stock Exchange-listed container ship owner based in Greece, said Thursday it took delivery of two...
Air France-KLM Cargo Climbs Back Into Black Air France-KLM's cargo unit returned to profitability a year ahead of target, booking $98.7 million in earnings in the year...
Costs May Offset Box Lines' Growth, Report Says Container shipping volume will grow at double digits through 2012 but rising fuel, vessel charter and shipbuilding costs may weaken...
Boston Gets First Box Service from Asia via Suez The Port of Boston will start handling its first calls by a container service from Asia that transits the Suez...
Manufacturing Group Sees 'Moderate' Economic Growth Recovery in factory production is outpacing overall U.S. economic growth that may be slowed by rising oil prices and government...
NOL Invests in First Chinese Box Terminal The Singapore-based parent of APL, the world's seventh-largest container line, is investing $25.8 million in a joint venture to operate...
Japan Airlines Posts Record Operating Profit Struggling Japan Airlines posted a record operating profit of $2.33 billion in the 2010 fiscal year ending March 31 compared...
Hamburg Container Volume Surges 18.2 Percent Hamburg boosted first quarter container traffic 18.2 percent from a year ago, regaining market share from its slower growing rivals...
WTO Appellate Body confirms Airbus subsidies The World Trade Organization Appellate Body on Wednesday confirmed that decades of subsidies provided by certain European Union member states to Airbus, totaling $18 billion, are inconsistent with WTO rules. Specifically, the appellate body affirm...
UASC adds Dubai call to India/Europe service The liner carrier UASC this month began calling at Jebel Ali in Dubai on its AEC1 service between the Indian Subcontinent and Northern Europe. The AEC1 has a revised rotation of Nhava Sheva, Pipavav, Jeddah, Port Said, Antwerp, Thamesport, Hamburg,...
MSC to increase Asia/South Africa rates Mediterranean Shipping Co. said Wednesday it will raise rates on shipments using the line's Cheetah service between the Far East and South Africa. The increase, effective June 15, is $250 per TEU. The Cheetah loop, American Shipper affiliate ComPai...
Maersk raises Asia/West Africa rates Maersk Line said this week it will raise rates from Asia to West Africa. The increase, $150 per TEU, is effective June 15, and applies to destinations in Angola, Benin, Burkina Faso, Cameroon, Cape Verde Island, Central African Republic, Chad, Cong...
Maersk, CTSA plan Canada/Asia rate hikes Maersk Line said this week it will assess a peak season surcharge on shipments from Asia to Canada. The surcharges, effective from June 15 through Nov. 30, are $320 per 20-foot container, $400 per 40-foot container, $450 per 40-foot high-cube conta...
U.S. Navy kills four Somali pirates Four Somali pirates attacking a German-owned super tanker were killed Tuesday by a U.S. Navy helicopter, the Navy said. TheArtemis Glorywas en route from Juuaymah Terminal in Saudi Arabia to China when it was attacked by pirates in the Gulf of Oman...
U.S. International Trade Commission ITC finds IPR violations still rampant in China A study found that although many U.S. companies have experienced broad success in China, intellectual property rights infringement still runs rampant in the country, undermining their competitiveness...
Asia-Pacific Economic Cooperation Trade groups urge reduced green goods tariffs A coalition of four trade groups have written to Asia-Pacific trade ministers urging them to use the meeting this week in Montana to reduce tariffs on environmental goods. APEC, World Bank tackle food ...
Deeper channel, inland connections
Carrier rate hikes Maersk, CTSA plan Canada/Asia rate hikesMaersk Line said this week it will assess a peak season surcharge on shipments from Asia to Canada. Maersk raises Asia/West Africa ratesMaersk Line said this week it will raise rates from Asia to West Africa....
Fujairah prices see small movements Not much volume or demand in Suez.
Rotterdam and Hamburg markets firm Workers at Greece's biggest refiner begin four-day strike.
High bunker prices help drive demand for ship-scrapping Low freight rates and overcapacity make demolition attractive.
FAME 'will cause lots of off-specs' Biodiesel blends expected to get into marine fuel supply chain and breach ISO 8217 marine fuel specification.
Owners of leading independent ARA suppliers in merger talks If negotiations succeed, 'this autumn will see the creation of the largest independent player on the north-west European market.'
Fuel oil stocks climb, but dip expected soon Arbitrage volumes to fall as market tightens in ARA.
Supplier 'fully loaded with product' Aegean prepared for Greek refinery strike.
Asian bunker prices lack direction Demand mixed at Asian bunker hubs on Thursday.
DNV shares technology outlook for 2020 Releases Technology Outlook 2020 report for shipping, fossil energy, renewable & nuclear energy, and power systems sectors.
Shell commences bunkering in Dubai Deploys high-capacity, 8,000 mt barge, the first to use mass flow meters in Middle East.
Bunker fuel demand 'slowly' picking up in Tokyo Bay Traders uncertain when demand will be back to normal.
South China week-on-week fuel oil volumes down Fuel oil imports between 1.80 mt to 1.82 mt.
RCL losses widen 109% 'partly contributed' by bunker costs Regional Container Lines reports net Q1 loss.
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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