Asia-EU peak season rates 'capped by glut' AP Moeller-Maersk, the No 1 container line, said it's struggling to raise peak season rates on the Asia-Europe shipping route, the world's second-busiest, as an influx of new vessels leads to a glut in capacity.
Tanker demand growth drops to zero: Platou Growth in demand for supertankers that deliver about a fifth of the world's oil dropped to zero as slowing economies in Europe and the US curbed shipments, according to Peter Anker, chief executive officer of RS Platou ASA, Norway's biggest shipbroker.
Viet firm expects cargo rates to rise from mid-2012 Gemadept Corp, Vietnam's biggest listed freight company, expects local cargo rates to rise from mid-2012 as the failure of smaller rivals eases competition.
Cargolux rejects delivery of first two new B747-8Fs Unspecified "unresolved contractual issues between Boeing and Cargolux" have prompted launch customer Cargolux to reject at short notice the delivery of the first two (of...
Schiphol partner of eFreight Online Academy The efreight@nl project has taken a further step to promote the wider use of eFreight at Schiphol airport with the launch of the eFreight Online Academy. The efreight@nl project is...
Swiss transport costs expected to rise in 2012 Costs in the Swiss transport sector are continuing to rise. "In addition to the strong franc, state requirements and fiscal burdens, in particular, are having a negative impac...
VTG tests noise-reduction measures for new railcars VTG, a Hamburg-based wagon lessor and rail logistics company, has tested new technical measures for noise reduction directly on railcars, in cooperation with industry partners. The...
BLS Cargo improves transport performance The private Swiss railfreight operator BLS Cargo increased its transport performance to 1,984 million net tonne kilometres in the first six months 2011 compared to the previous yea...
MASkargo takes delivery of first A330-200F MASkargo, the freight subsidiary of Malaysia Airlines, has become a new operator of the A330-200F, following last week's delivery of the first of four aircraft ordered by the airli...
APL named Best Buy's top carrier APL has again been named carrier of the year by Best Buy, a leading multi-channel global retailer and developer of technology products and services. This is the second year running...
ACP Worldwide appoints UK and Ireland general manager ACP Worldwide, a leading global GSSA, has appointed James Gidlow as its general manager for the UK and Ireland. Gidlow, who has dedicated his career to the airline and GSA business...
German inland waterways post higher transport volumes According to the Association of German Inland Waterways (BDB), the global economic upswing also arrived in inland waterway shipping in 2010. "With a rise of transport volumes ...
Enric Ticó re-elected president of Feteia-Oltra Enric Ticó, the long-standing president of the Spanish freight forwarding association Feteia-Oltra (Federación Española de Transitarios - Organización para la Logística y el Transp...
Port of Antwerp to build world's largest lock In a few weeks the ground will be broken for a unique port construction project in Antwerp - the largest lock in the world. This massive structure will be built at the head of the ...
Deutsche Post DHL expands German parcels network Deutsche Post DHL will invest EUR 750 million in its German parcels network over the coming years. New business models in booming e-commerce and changing consumer behaviour are nec...
Honold Logistik adding capacity in Neu-Ulm The German logistics company Honold Logistik, based in Neu-Ulm, is expanding. After launching the first building section of the MCC III logistics park in Neu-Ulm at the beginning o...
Damco launches online emissions calculator Damco, A.P. Moller-Maersk's logistics arm, now provides customers with an online carbon dioxide emissions calculator. The information is available at myDamco, the company's browser...
Three aframax tankers sold in demolition sector in one week Mayon Spirit sold for $8.5m along with two other similar vessels
Huge increase in Californian blackouts due to fuel switching OSPR issues advice on preventing loss of power due to switch from HFO to MDO/MGO
Emsa looks to refine efficiency rules to include shortsea shipping Safety agency aims to draft additional measures that will make ro-ro and passenger vessels subject to EEDI
Reducing flashpoint could aid low-sulphur fuel problem Danes look at feasibility of reduction of flashpoint to that of road haulage levels
Maersk and Rickmers team up in heavylift trades Two new multipurpose ships to operate under US flag
Cargo reservation policy revisited Chinese ships for Chinese cargo sounds more like rhetoric of 1960s, and it didn't work then
Who could argue with Siim Kallas? Brussels is aiming to keep European ports competitive
LPG carrier earnings nearing $50,000 a day on increased cargo volumes VLGC freight rates to rise further as more product is available than ships and strong Indian demand expected in coming months
Maersk daily service redefines transport times SeaIntel report says other lines will follow
IUMI reviews its structures and ways of working More change needed if organisation is to remain relevant to its members, says chairman
Box Club meeting marks milestone for South Korea Hanjin and HMM chief executives welcome industry leaders to Seoul
Sanko believed to have renegotiated resale of capesize upwards After Imbari newbuild pulled due to low offers, vessel said to be committed at $48m
Box Club: one constant in an ever-changing industry The Box Club has only ever been chaired by Europeans to date
Italian panamax deal sends 10-year-old vessel values plummeting Rumours of ship sold for $18m, 50% down on values reported five months ago
Pacific lines to run TSA collectively Hanjin Shipping president Kim will not be replaced as chairman
Feel the fear and do it anyway: now is the time for lay-ups Carriers need to address individual capacity withdrawal despite the threat of European Union fines
Feedership values plummet Smallest boxships sold at auction for rock-bottom prices
Commerzbank offers $95m for final UniCredit 8% in Deutsche Schiffsbank Deal would give German bank still in hock to government full control of shipping lender
IUMI chief questions insurance market reforms Ole Wikborg tells Paris conference he is 'not convinced that regulators fully appreciate what differentiates insurance and other financial services'
Investigators prepare to board Nordlys Probe to determine cause of Hurtigruten ferry fire that killed two crew
Class acts Classification societies are branching out
STX OSV earnings estimate cut CIMB Research cites global crunch, but yard announces $132m in new orders
Insurance union calls for global stand against piracy IUMI chief admits it took time to realise flag-state consensus on armed guards may work
Unifeeder to be Ust-Luga terminal's first box feeder operator Fixed weekly service planned
India's GVK buys Australian coal assets in $1.3bn deal Hancock Prospecting has potential to produce up to 84m tonnes a year
OECD sets out strategy for French ports to win back market share Fresh study follows this year's port reforms
UAE-Russia deal to expand ro-ro terminal in Ust Luga Gulftainer and Prominvest $275m investment is of political significance
Laskaridis sees 'many more' northern sea route passages in 2012 Greece-based reefer major hails time and environmental savings after debut transit
NOL box data shows peak season not kicking in Pattern of rising volume but falling freight rates reaches an extreme
Asian shipowners demand UN anti-piracy action Owners condemn the 'lack of urgency and political will' to solve the piracy problem
MSC mega-box ship runs aground MEDITERRANEAN Shipping Company has once again found itself in the unwelcome glare of publicity after another of its deepsea containerships went aground in Northern Europe
Ust Luga wins Unifeeder service EUROPE'S largest feeder operator Unifeeder has become the first container shipping line to sign up to Russia's newest container terminal at Ust Luga
Chevron signs Wheatstone LNG deal CHEVRON has signed a sales and purchase agreement with Japan's Kyushu Electric Power for LNG from the Australian offshore Wheatstone LNG project, pushing the project further towards final investment decision, IHS Energy Markets Global reported today
Analysts sceptical of GVK's Hancock buy INDIAN infrastructure developer GVK may have bitten off more than it can chew with its $1.3Bn acquisition of Australia's Hancock Prospecting, according to some analysts
Greek-flagged fleet drops 3.7% THE SIZE of the Greek-flagged fleet dropped by 3.7% between July 2010 and July this year, but grew 0.4% in terms of tonnage, the Greek statistical authority ELSTAT revealed today
Eitzen bondholders propose a bid HOLDERS of two bonds totaling NK446M ($84M) issued by Eitzen Maritime Services (EMS) have offered to bid for the company through a debt to equity conversion, the company said in a statement today
Capesize orderbook ratio falls THE Capesize orderbook-to-fleet ratio has dropped to little more than 34%, according to IHS Fairplay's latest Sea-Web data
Scrap prices to fall, says GMS RECYCLED ships buyer Global Marketing Systems (GMS) expects scrap prices to come under pressure due to rising oil prices and prolonged inactivity in the Bangladeshi market
Greece has 'transshipment potential' GREECE has the potential to become a major transshipment hub in the Eastern Mediterranean by 2020, but must tackle labour unrest and insufficient hinterland infrastructure, a report has said
Gulftainer signs Ust Luga deal MIDDLE Eastern container terminal operator and logistics provider Gulftainer is to make its entrance on the Baltic Sea after dramatically signing a deal to help develop Ust Luga
Equatorial to appeal bunker ruling SINGAPORE-based bunker supplier, Equatorial Marine Fuel Management Services, is to appeal a Singapore High Court ruling involving a 2008 claim against Malaysian flagship carrier MISC
Alaska seeks fast ferry injunction ALASKA'S state attorney general's office filed a motion with Alaska's superior court seeking a preliminary injunction in its ongoing lawsuit over the Fast Vehicle Ferry (FVF) engines
Mumbai issues new armed guards guidelines INDIA'S Mumbai Port Trust has issued new guidelines to shipowners and operators concerning the use of armed guards, according to a local ship agency
Argentine soya exports grow, says asssociation IHS Global Insight has reported that Argentine soya exports are expected to continue to grow, despite a recent drop in prices
Tampa to build ethanol hub THE US port of Tampa has signed a joint-venture deal with US energy company Kinder Morgan Energy Partners and railfreight operator CSX to create a new ethanol hub in Florida
Marad's No. 2 Official Resigns The Maritime Administration Deputy Administrator Orlando Gotay left his position abruptly on Friday. The agency did not give a reason...
Customs Brokers Call for HMT Reform A coalition of New Orleans customer brokers called on the industry on Monday to support legislation requiring the federal government...
Marad Looks to Streamline Cargo Preference Rules Carriers and shippers that would like to see changes in regulations governing cargo preference laws will have the chance to...
Port Tracker Projects Strong Import Growth Import cargo volume at the busiest U.S. container ports is beginning to ramp up after a flat summer, the National...
Containerized Exports Rose 4.8 Percent in July U.S. containerized exports in July rose 4.8 percent from a year earlier, boosted by double-digit gains in wastepaper, scrap metal...
Korean Air Cargo Falls 8.4 Percent on Weak Exports Korean Air says a sharp drop in electronics exports out of South Korea sent the airline's cargo traffic down 8.4...
St. Lawrence Seaway Traffic Up 3.5 Percent Cargo shipped on the St. Lawrence Seaway from late March through August rose 3.5 percent year-over-year, as raw material shipments...
ODFL Adds Central Pennsylvania Terminal Old Dominion Freight Line extended its $120 million expansion this year into Pennsylvania, opening a terminal in Altoona and hiring...
NY-NJ Container Volume Jumps 6.7 Percent in July Import volume at the Port of New York and New Jersey grew 6.7 percent in July on a month-to-month basis...
AAPA CEO Nagle Talks Funding Port Projects, Environmental Issues (Video) Kurt Nagle, president and CEO of American Association of Port Authorities, discusses how ports are moving aggressively to deepen their...
Gulftainer to Invest $275 Million in Russian Port Gulftainer, the Middle East's largest private port operator, plans to invest $275 million to co-develop and operate a multipurpose cargo...
GAC Changes Management in Dubai The GAC Group promoted Stuart Bowie to managing director of the company's Dubai office, and Gurmurthi Shankar will succeed him as...
Trucker CTS Emerges From Bankruptcy Protection Trucking and logistics company Cargo Transportation Services emerged from bankruptcy last week after reorganizing and attracting a new equity partner....
Baltimore Reports Record Auto Volume Vehicle shipments through the Port of Baltimore rose 12 percent to a record 270,700 units during the first six months...
DOT Stimulus Payments Top $31.3 Billion Stimulus payments to states for transportation projects completed under the 2009 economic stimulus law rose to more than $31.3 billion...
Massport Launches Boston Clean-Trucks Program The Massachusetts Port Authority plans to replace up to 60 old drayage trucks at the Port of Boston through a...
Maersk Line Ltd., Rickmers to Operate US Ships Construction of the Maersk Illinois is nearing completion in China. Maersk Line Ltd. and Rickmers-Linie (America) formed...
Marad Under Fire When Eastern Shipbuilding struck a deal with a company in Brazil more than two years ago that would bring in...
APL Revenue, Volume Flat in August APL's container revenue and volume were virtually unchanged in August from July, despite imposing trans-Pacific peak season surcharges through half...
Hamburg Sud Christens Fifth 7,100-TEU Ship Hamburg Sud christened the Santa Catarina, the fifth of 10 ships with capacities of 7,100 20-foot equivalent container that the...
Hong Kong Air Freight Falls 7.8 Percent Weak demand from Europe and the U.S. in August pulled Hong Kong International Airport's traffic down 7.8 percent from the...
Cargolux Refuses Delivery of 747-8 Freighter Cargolux stunned Boeing and the air cargo industry this weekend when the airline announced it would not accept delivery of...
TNT Links China, Southeast Asia Truck Services TNT Express linked its Chinese day-definite truck service with its Southeast Asian trucking network, which includes Vietnam, Cambodia, Laos, Thailand,...
5 Secrets of Successful Freight Tenders Almost all transportation managers will agree that a well-executed freight request for proposal is time-consuming and analytically challenging. With everyone's...
Is Your Transportation at Its Best? As your business grows, it's only natural that it becomes more complex and challenging to manage. Your transportation processes are...
A Plan to Collaborate As improved forecasting and demand planning tools enter the marketplace, one of the most significant developments is the introduction of...
Retail's Shorter Shelf Life In 2007, home improvement retailer Lowe's already was intent on improving inventory processes that would reverberate throughout global supply chains...
Is There an App for That? The third-party logistics industry has moved into the information business to an unprecedented degree. How well they use and manage...
Stability Amid Instability Rick Blasgen is a confident man. The president and CEO of the Council of Supply Chain Management Professionals sees the...
3PL Learning Curve The Council of Logistics Management's annual conferences in the early 1990s were filled with references to third-party logistics, a new...
Who's Who in Logistics Technology As the economy struggles to find its footing two years after the deepest recession in decades, leading technology providers are...
3PL Rallying Cry Soon after President Obama in his 2010 State of the Union Address challenged the U.S. to double its exports by...
Freight's Indian Summer? Economic warning lights are flashing around the globe, so why is Landstar System's Henry Gerkens so confident about the outlook...
Optimism Rides the Rails There's no sign in rail freight trends that the U.S. economy may be tumbling into another recession. Rail executives...
Decision Time for Teamsters Sotheby's isn't a name often linked with trucking, but the famed auction house is locked in a labor dispute with...
Labor's Long View? Since it's founding in 1934, the International Longshore and Warehouse Union has prided itself in being a militant union, but...
Job Search Engines It is great news for the nation's millions of unemployed or underemployed people to find our elected officials now are...
Fueling Debate on Infrastructure The ambitious infrastructure spending package President Obama offered in his $447 billion jobs plan faces considerable uncertainty on Capitol Hill,...
Keeping Up With the Jones Act President Obama on June 23 announced the sale of 30 million barrels of crude oil from the Department of Energy's...
This tradelane is not big enough for the 20 of us It is approaching high-noon in liner town. After delinquently drinking from the cup of over capacity in the 'Last Chance Saloon' for too many months, ocean carriers are now shuffling into position and preparing for a zero freight rate-induced shoot-out that could end in a fatal blood bath for the minnows, and not least shrapnel wounds for all the industry stakeholders
Ust Luga gets new investor
InterManager: give owners the right to hire armed guards in pirate-infested waters
COSCON chief: Further rationalisation considered as large boxships have 'negative' impact
MarAd reviewing cargo preference rules The U.S. Maritime Administration said it is reviewing cargo preference laws that require shippers to use U.S.-flag vessels to transport cargo that is "government-impelled," either as a direct result of federal government involvement, indirectly thr...
Moody's downgrades MOL, NYK Moody's downgrades MOL, NYK Moody's downgrades MOL, NYKRatings agency Moody's has downgraded Japanese liners carriers MOL and NYK Line due to a weak freight market and overcapacity in its business segments. Moody's has not changed its ratings on t...
Maersk, Rickmers form U.S.-flag partnership Maersk Line Ltd. and Rickmers-Linie (America) Inc. said Monday they have formed a partnership to provide breakbulk and project cargo shipping using two newly built multipurpose ships to be operated under the U.S. flag. The two 19,000-deadweight-ton...
APL seeks India/Americas peak surcharge Liner carrier APL said last week it will assess a peak season surcharge on shipments from India to North America beginning Oct. 15. The fee, $400 per FEU, is applicable from India to ports in the United States and Canada, not including Puerto Rico ...
Lines plan Asia/Oceania rate hike Liner carrier Mediterranean Shipping Co. said Friday it plans to raise rates on shipments from Asia to Oceania from Oct. 15. The increase, $250 per TEU, applies to shipments from all ports in Asia to New Zealand and from ports in Korea, China, Hong...
Tropical eyes peak fees to Caribbean Tropical Shipping said Friday it will assess peak season surcharge on shipments from North America to a number of Caribbean destinations from Oct. 9 to Dec. 11. The surcharge is $150 per 20-foot container, $300 per 40-foot container and $338 per co...
TNT's China service joins Asia road network After a year of testing, TNT Express on Monday said its Chinese day-definite domestic road network (operated by TNT Hoau) has joined up with its international Asia road network, creating what it claims to be the only scheduled pan Asia day-definite...
E-waste firm indicted over exports Electronic waste firm Executive Recycling Inc., its owner and a former executive were indicted by a federal grand last week in Denver. Executive Recycling; Brandon Richter, the owner and chief executive officer; and Tor Olson, former vice president...
Maersk to test scrubber system Technology allows ship to meet ECA zones' mandate of 0.1% sulphur, even when using a lower cost fuel with sulphur content of 3.5% or more.
Ship released from US arrest Bunker supplier says vessel's bills have been 'fully paid'.
Double-digit drop in Fujairah Deliveries available for supply up to and including October 3 in Cape Town.
Oil spill in Sweden linked to ship collision Oil spill hits Sweden a week after ship collision in Danish waters pierced a bunker tank.
Prices soft in Rotterdam and Hamburg Players head to the sidelines in Rotterdam as prices fall.
DK Group appoints joint managing director 'Experienced and dynamic senior management team' will allow group to capitalise on its Air Cavity System.
Limited scope for Russia's Arctic transit route Arctic shipping increasing but not because of transits; entire region could be ice-free in summer by 2030, conference is told.
New trader for O.W. Bunker's Dubai office Company says appointment is 'testament to the rapid growth'.
Wider push may be seen for ECA delay More states may get behind request for deferral of 0.10% sulphur limit in Europe.
Bunker prices generally down as week opens Public holiday in Tokyo Bay on Monday.
New trader joins Bominflot Sebastian Clausen has operational experience from a previous job with 'one of the leading German ship owners'.
East Asia bunkering operations affected by tropical typhoon Tropical typhoon Roke disrupts operations at several Chinese and South Korean ports.
Odfjell inks 'strategic partnership' with US equity firm Lindsay Goldberg acquires 49% stake while Odfjell retains 51% share in tank terminal businesses.
US Army posts MDO order Looking to purchase 12,000 gallons of MDO for three vessels based at Duluth.
Are you prepared? Is the industry prepared for greater regulation that would require more transparency in fuel measurement and reporting?
Refiners in predicament over 'uncertain' bunker needs Refiners can decide direction only after the 2018 IMO review.
Bunker costs 'have become a major factor' Cost increases coming even as shipowners face extended period of low earnings, says analyst.
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