Rebuilding won't up freight rates Japan's reconstruction efforts will do little to boost global freight rates that are near two-year lows as fleet expansion overshadows any demand surge from the world's third-largest economy.
Suppliers plan to ship more LNG for power Japan's neighbours have pledged to ramp up liquefied natural gas (LNG) exports to the quake-stricken nation, helping it to replace power supply crippled by the disaster.
Maunu von Lueders named Iata Asia-Pacific VP The International Air Transport Association (Iata) has appointed Maunu von Lueders as its new regional vice-president for the Asia-Pacific region. Von Lueders, a Finnish national w...
Azerbaijan Airlines boosts Istanbul and Moscow services With effect from today (18 March), Azerbaijan Airlines is introducing a third daily service between the country's capital Baku and Istanbul. At the same time, the service to Moscow...
Alta welcomes four new members Alta, the Latin American and Caribbean Air Transport Association, has kicked off the new year by welcoming four new members, including TAP Portugal (associate member), Ascend (affi...
Korean Air Cargo: fuel surcharge increase effective today From today (18 March), Korean Air is increasing its fuel surcharge for Swiss customers from CHF 0.87 to CHF 1.00/kg to all destinations except Oceania and USA, and to Oceania and U...
RCA Intermodal absorbing Intercontainer Austria The intermodal service provider Intercontainer Austria (ICA) is giving up its independence and will be integrated into Rail Cargo Austria Intermodal in the foreseeable future,...
Nippon Yusen Kaisha introducing new container line The Japanese shipping company Nippon Yusen Kaisha (NYK) has launched a new weekly sailing known as the Adriatic Service. The rotation is Taranto'Koper'Venice'Rijeka'...
TETS and CSCL shorten China-Moscow transit time to 20 days The transport service provider TETS is launching a test phase for a regular blocktrain service between China and Moscow on 30 March. The transit time on the Lianyungang to Moscow r...
DSV has new network for part load traffic The German overland transport division of the global logistics services provider DSV has swiftly established a new network for hauling truck loads of goods. The new part load netwo...
24plus adds Speedtime FixDay to Speedtime product family The general cargo alliance 24plus logistics network is rolling out a new product called Speedtime FixDay on 1 April. The service enables the network to deliver cargo shipments on a...
Saudi seaports witness 10% increase in cargo volumes up to Q3/2010 Multi-billion dollar investments in port operations across Middle East countries are surging forward again in the post-recessionary environment. One of the countries that has benef...
Rotterdam catching up in Russia In 2010, the port of Rotterdam handled over 40% more containers in the direct trade with Russia, as compared to 2009. According to projections, the number of twenty foot units (teu...
Copper cable theft: disastrous for SNCF and RFF The French railway SNCF has registered a dramatic increase in the number of copper cable thefts in its rail network, following the steady rise in raw material prices (par...
Kuwaiti carrier Wataniya Airways ceasing operations immediately The Kuwait-based carrier Watanyia Airways stated on its website that it ceased all its operations, with effect from 16 March. The airline has now begun a process to determine its f...
Greiwing planning new logistics centre in southern Germany The German logistics company Greiwing logistics for you GmbH, headquartered in Greven, is continuing to expand its presence in its home country by building a new logistics centre i...
Ceva signs new contract with Husqvarna Motorcycles in Italy The logistics operator and supply chain management specialist Ceva Logistics has signed a two-year contract with Husqvarna Motorcycles, part of the BMW Group. Under the terms of th...
Trans Europe Network: new partner in Portugal The Luxembourg-based independent European forwarding entity Trans Europe Network (TEN) is now working with Transportes Henrique & Catarina Lda - T.H.C, a new par...
Uncertainty over Japanese demand hits capesizes Owners and charterers stay out of market after suspensions at steel mills and power stations
Korea Gas diverts LNG to Japan after nuclear shutdown Korea Gas, the largest buyer of liquefied natural gas, will divert up to 500,000 tonnes - or three shiploads - of LNG on a swap basis to Japan, according to Norwegian shipbroker and consultants Lorentzen & Stemoco
Panamaxes help keep Baltic Index steady The Baltic Dry Index fell by just two points to 1,531 on Friday
Baltic Exchange close to approval for central screen Further participation by brokers is sought as trading facility awaits green light from FSA
Stolberg blames Oaktree for Beluga Niels Stolberg hits back at major shareholder Oaktree
Asia-Europe rates slump near $1,000 Brokers predict rates may slip below $1,000 mark on the Shanghai container freight index
Questions raised over fate of 8,000 teu ships Use of larger boxships on Asia-Europe trade may put 8,000 teu vessels out of work
Stranded DryShips bulker 'breaking up' Oil leaking from two-year-old panamax Oliva, stranded on shores of Nightingale Island
ABS calls for solutions to short term challenges Shipping in danger of being side-tracked by search for long-term solutions to green issues
Time for fleet of foot to cash in For those with deep enough pockets, times such as these can provide opportunities for expansion
Galveston turnaround The entry of Hutchison into the US port market would be little short of extraordinary
Hapag-Lloyd warns over rising costs Costs will rise faster than revenues in 2011 due to oil price spike and increase in transport expenses
Hellenic Carriers says growth required for US listing Aims to grow fleet before making move to US market
Nigeria pulls out of race for IMO top job Monica Mbanefo's withdrawal leaves six confirmed candidates fighting for role
Flags of convenience opt for single hull get out clause Lloyd's List Intelligence data shows tankers still in use despite 2010 phase-out date
OOCL poised to order up to 10 13,000 teu boxships at Samsung Heavy Firm order for six ships with options on four more expected to be placed shortly
EU seeks to bridge port infrastructure financing gap Brussels has begun consultation on a bond initiative scheme aimed at boosting the funding of port projects with private investment
Europe 2020 Project Bond Initiative What its all about
Japan and Libya woes dampen HPH Trust debut Units decline 5.9% to $0.95 from $1.01 in first day of trading in Singapore
Galveston eases way for investors New bill proposed to allow private investors to set rates and tariffs at the US port
US offshore supply operators edging on to the global stage US government's offshore drilling moratorium has propelled rig owners on to the international market
Strong foreign markets boost prospects for services sector Offshore drilling has entered a boom phase
Politicians full of surprises for Gulf of Mexico drillers Opposition to president Barack Obama's offshore drilling moratorium is growing at the highest levels
China cannot keep coming to the rescue A smorgasbord of issues for Connecticut Maritime Association 2011 to chew on ,
Europe's refiners look to plug Libyan oil shortfall Countries reliant on Libya exports are now searching for other sources of fuel but are discovering there is no simple solution
Santos box hub secures $679m loan Planned new terminal will help address capacity constraints at Brazil's main port
Weak freight market drags Scorpio to $3m loss Product tanker specialist ends first calendar year as a listed company in the red
Refinancing fees pushes Danaos into the red Boxship owner falls to $102.3m loss in 2010 but eyes growth this year
DryShips bulker splits in two THE DRYSHIPS-owned Panamax Oliva has broken up off a remote island in the South Atlantic, leaking fuel into surrounding waters
South Korea LNG to be diverted to Japan SOUTH Korea has announced that KOGAS will supply about 400,000-500,000 tonnes of LNG to Japan, IHS World Markets Energy reported today
Weak rates weigh Scorpio PRODUCT tanker specialist Scorpio Tankers has swung to losses in its latest quarter as freight rates fell sharply
Danaos cuts losses, sees better 2011 FINANCING fees swung Danaos to losses in its latest quarter, but the box ship lessor sees stronger market conditions this year
Owners sought after scrapping death POLICE in Bangladash told Fairplay today that they are seeking the owners of a shipbreaking yard for questioning after a worker died following an accident at the yard
Maersk ship released MAERSK Line's general cargo ship Maersk Constellation has reportedly been released after more than two weeks' detention in Angola
Vale ensures Japan cargoes BRAZILIAN mining giant Vale is working to ensure that none of its iron ore shipments to Japan are cancelled because of its quake crisis
Oil addressing Tokyo's energy shortfalls MAJOR oil groups are prepared to export more LNG and clean products to Japan to make up for energy production lost to its quake crisis
ASF urges piracy crackdown ASIAN shipowners today voiced anger about the escalation in violence against seafarers by pirates
PST secures newbuilding loans SINGAPORE'S Pacific Shipping Trust has secured $132M in loans for five Supramax bulkers being built at China's Tianjin Xingang Shipbuilding Industry
Count the quake's cost in vehicle sector EACH DAY, about 37,000 new light vehicles could be lost as long as Japan's car plants remain out of action, IHS Global Insight reported today
HPH Trust drops on debut HPH TRUST traded below its IPO price after its Singapore Exchange debut today
PetroChina profits rise 81% RISING oil prices and strong economic growth propelled PetroChina's profits up by 81% year-on-year in 4Q2010, the group said today
BBC secures Beluga tonnage PROJECT and breakbulk carrier BBC Chartering has secured two former Beluga ships, at much reduced daily hire rates for six-month periods
Trade Groups Urge Court Action on Export Fee Three industrial trade associations are asking the U.S. Supreme Court to consider a case brought by coal producers that a...
Kerry Files Infrastructure Bank Bill Sen. John Kerry, D-Mass., on Thursday filed legislation to create a national infrastructure bank to attract capital for major transportation,...
Sam Walton College Adds Supply Chain Department The University of Arkansas is raising the profile of logistics education by establishing a stand-alone supply chain management department. ...
Pirates Hijack Indonesian Cargo Ship Pirates hijacked an Indonesian-flag cargo ship with 20 men on board off the coast of Somalia on Thursday, and within...
Honda Extends Halt in Japan Production Honda Motor Co. said it will extend a halt in its Japanese production by three days, through Wednesday, and warned...
Senate Panel Moves Nominees for Rail, Maritime Agencies The Senate Committee on Commerce, Science, and Transportation approved President Obama's nominees for appointments to the Surface Transportation Board and...
High Fuel Costs Hurt Matson's First Quarter Alexander & Baldwin warned Friday that the recent surge in global fuel prices stemming from unrest in the Middle East...
Ocean Carriers Cancel More Japan Services OOCL eliminated stops at the Tokyo and Nagoya ports on Friday, and other ocean carriers added cargo restrictions and changed...
Hutchison Ports IPO Raises $5.4 Billion The newly listed shares of Hutchison Port Holdings Trust began trading at 2:00 p.m. Friday on the main board of...
Weights and Measures in Freight Claims Q: We have the book "Freight Claims in Plain English" (Huntington, N.Y.: Transportation & Logistics Council, 4th ed., 2009; by...
South America's ABCs At one time or another in their modern history, Argentina, Brazil and Chile - like Colombia - have played the...
Colombia Plays the China Card After more than four years of painful delays, prospects for reviving the long-languishing U.S.-Colombia free trade agreement may be getting...
Japan It's a cruel truth that private and government disaster relief organizations have gotten far more experience at their work in...
Coast Guard Advises Steering Clear of Fukushima Ships in transit off the coast of Japan should stay a minimum of 50 miles away from the Fukushima power...
Moody's Says Oil Prices Could Hurt Economy Persistent oil prices around $100 a barrel will weaken the global economic recovery and hit hardest the auto, airline, gaming...
APL's Velez Talks on Growth of South America Trade (Video) Carlos Velez, APL's Vice President, managing director for Latin American Region, discusses growth of South American trades.
Some Japanese Ports Reopen Some Japanese ports and airports affected by the devastating earthquake and tsunami that hit the northeastern part of the country...
Customs Says No Aircraft Entering US Show Harmful Radiation The U.S. Customs and Border Protection Agency, responding to growing alarm over the potential for radiation from Japan's damaged nuclear...
Senate approves STB, FMC nominations Cordero The U.S. Senate Committee on Commerce, Science, and Transportation on Thursday approved the appointment of Ann D. Begeman, to the Surface Transportation Board and Mario Cordero as a Federal Maritime Commissioner. It also approved the reappo...
Calls to modify train control requirement Rail executives and some Congressmen Thursday called for modifying federal requirements that railroads install positive train control (PTC) systems to slow or stop trains before potential accidents caused by human error can occur. The requests cam...
U.S. market poses challenge for Mexican truckers Speakers at a U.S.-Mexico Chamber of Commerce conference on border issues said they were encouraged by the Obama administration's recent attempt to reopen the U.S. market to Mexican trucks, but a trucking industry official said only a limited numb...
4 to be inducted into Maritime Hall of Fame Bozzo Four executives with a variety of backgrounds will be inducted into the 18th International Maritime Hall of Fame in on May 11. The four honorees are: - Claudio Bozzo, president of Mediterranean Shipping Co. (USA). - Charles "Wick" Moorman IV,...
Sea Star beefs up 53-foot container fleet Sea Star Line has placed an order for 100 53-foot containers to serve customers at its Jacksonville, Fla., and Philadelphia ports. The containers will be available for use in the third quarter, "just in time to accommodate the pre-holiday shipping ...
MarAd: Steer clear of stricken Japan nuclear plant The U.S. Maritime Administration said Thursday that ships should keep 50 miles offshore from the crippled nuclear power station in Fukushima. Theadvisory was posted on the Web siteof Maritime Consultant and attorney Dennis L. Bryant. "Mariners are ...
Hapag-Lloyd, Zim amend Europe/West Africa loop The Israel-based liner carrier Zim said Thursday the rotation of a service it jointly operates with Hapag-Lloyd will be amended as of April 5. The line's NAF service, which Hapag-Lloyd calls WAX, will have a revised rotation of Antwerp, Hamburg, Th...
Evergreen adds Japan/South China service Evergreen Line said this week it has started a weekly intra-Asia service linking Japan and South China, doubling the carrier's frequency of calls between the two regions. The new JTS service has a rotation of Tokyo, Yokohama, Nagoya, Osaka, Keelung...
Maersk ship released in Angola Maersk Line Ltd. said a U.S.-flag ship detained by Angola in a dispute over an arms cargo has been released at the port of Lobito. A Maersk Line Ltd. spokesperson confirmed the multipurpose shipConstellationwas released Thursday after about two we...
New Danish coin issued ' with a maritime motif The Danish National Bank has issued a new coin with a maritime motif, a prototype of world's largest container carrier Emma M'rsk which was delivered from Odense Steel Shipyard in
J. Lauritzen logs USD 130 million profit J. Lauritzen A/S reports a strong 2010 with a USD 130.7 million profit, compared to USD 74.6 million in 2009. "In a year characterized by global macro
Week ends with mixed prices Crude futures settle after Libya said it would stop military operations and start talks with the opposition.
Bunker spill in South Atlantic 'Grave environmental concerns' after bulker breaks its back.
Fujairah bunker prices gain double-digits Buying interest 'limited' in Suez.
Bunker prices rise in key ports Several suppliers were reported to be fully booked in Rotterdam.
Hapag-Lloyd aims to hedge 80% of its bunker needs Group expects profit margins to fall this year.
SPC buys more bunker grade material from Kuwait Traders say supplier facing water content issues with Venezuelan cargoes.
Shipping needs 'alternative fuels' says contender for IMO's top job 'Fossil fuels are finite' warns Koji Sekimizu. Calls for 'common concept of sustainability.'
Double-digit rise in Asian bunker prices Slack demand in key Asian bunker ports.
Nuclear disruption sees 'significant impact' on Japan's demand for fuel oil Fuel oil and crude oil demand for power generation to double, increasing imports and squeezing supplies to the bunker industry.
Singapore bunker trading firm moves office No changes in company's contact details.
South Korean ports to see rise in bunker demand As shipowners, which normally refuel in Japan, head west, traders say.
Sinopec Zhoushan leases oil storage facility at Yantai port Signs five-year lease with Yantai-Titan Petrochemical Port Development Company for 60,000 cm'.
Singapore fuel oil stocks fall for third week Stocks to rebound in the second half of March when more western arbitrage parcels arrive.
DNVPS highlights bunker concerns Suggests a delay in the implementation date of Phase II of the CARB rule to January 2014.
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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