Baltic Exchange's main index continues to fall The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, fell for an 11th straight session last Friday as a firm panamax market could not make up for weakness in the capesizes.
Iconic Polish shipyard cashes in on wind power The Gdansk Shipyard, where the Solidarity movement that ended the communist era in Poland was born, is now trying to lead another Polish revolution ... in offshore wind power.
German KG funding takes a big hit in Q1 Investment in German funds that finance a fifth of the world's container ships and half the nation's own fleet plunged 53 per cent in the first quarter as freight markets slumped and banks curbed lending.
West Africa suezmax fixing activity hits two-year high But substantial fleet growth since 2009 kills earnings opportunities for owners in June
Cooling Asian inflation could shrink tanker rates Tanker markets could face extremely difficult second half of the year if plans to cool Chinese inflation hit the Asian economy and reduce crude and oil products imports
Torm hires South Korean kamsarmax Torm understood to have chartered a South Korean kamsarmax bulk carrier at $12,500 per day for a short period contract
South Korea sets iron ore record South Korea imported a record-breaking volume of iron ore in June
Capesize rates find floor but more cargo is needed Continued slide attracts Rio Tinto and BHP Billiton in, but more cargoes still needed
Capesizes search for green shoots Severe overcapacity set to continue limiting ability of capesize owners from earning acceptable returns
Squeezed from all sides The shipping finance challenge looks daunting
Shipping companies at risk of falling foul of UK's new Bribery Act Specific offence of bribing a foreign public official may prove a challenge
Illuminating future navigation UK Shipping Minister Mike Penning has launched the lighthouse authorities' new marine aids to navigation strategy, 2025 and Beyond. It appears flexible and realistic
China shippers call for mining companies to reconsider newbuilding plans Although not named, Vale is thought to be the target of shipowners association's comments which claim cargo owners are 'monopolising' the dry bulk market
Agreement on cutting CO2 is a truly major achievement IMO has demonstrated that it is eminently capable of delivering a global solution for shipping
Gothenburg plans to start up LNG fuel terminal by 2013 Sweden's important bunker hub aims to offer gas alternative two years ahead of sulphur emissions clampdown
Gothenburg to strengthen rail links to box terminal Bidders are lining up for the Skandia Container Terminal concession. Whoever wins will want to expand it
K+N to purchase Dutch perishable goods agent J.van de Put deal will extend Kühne + Nagel's global 'fresh-to-door' concept
More box lines impose congestion surcharges at Jawaharlal Nehru Hapag Lloyd will avoid the port altogether, re-routing vessels to Mundra
Boxship orders delayed as lines struggle to halt freight rates slide Newbuilding market has 'switched off'
UK ship detentions creep up Three foreign flag ships were detained in UK ports during June failing port state control inspection, according to statistics released by the MCA
Ports fear cost and security of wireless internet ICSW report finds needs of seafarers to communicate with family were deemed peripheral to port operations and planning
Transport workers' body condemns European Commission jobs report Task Force has failed to deliver radical measures needed to avert a maritime skills crisis, says ETF
The lemmings change direction With carriers heading for another year of cumulative losses, owners are likely to be very circumspect about buying new tonnage in the short term
Passage to Africa Two recent developments chronicled by Lloyd's List herald more promising growth for the continent
Eurotunnel says hauliers' fears for SeaFrance helped fuel 21% rise in truck volumes Truck shuttle volumes surge to 609,000 units for the first six months of 2011, as passenger shuttles saw cars edge over the 1m mark
Hong Kong government says it has 'open mind' on congestion solutions Portside land could ease congestions but feeder operators unable to pay market price
Feeder operators reject River Terminal Trade proposal Makes sense in theory but underlying economics spell ruin
Pirates masquerade as authorities in attempted tanker hijack Brilliante Virtuoso now responsibility of Salvor Five Oceans
Star Reefers predicts more scrapping Ships as young as 18 years may go to breakers as box lines encroach on reefer trades
Stratos acquires Blue Ocean Wireless Operational assets of US GSM services provider bought by Inmarsat company
Dyna-Mac lifted by Keppel's bullishness on FPSO sector Singapore-listed maker of topside modules sees share price jump 4% despite lacklustre results
MOL upbeat on pure car carrier market Noticeable pick-up since June could lead to tightness in the market over six months
Economou projects further slump in bulker values DryShips sells another four units citing 'discrimination' against older vessels
Hapag deal reported in limbo UNCERTAINTY over the planned float or sale of a major share in German box line Hapag-Lloyd has increased amid reports that a key suitor has withdrawn from negotiations
Davie bids just in time DAVIE Canada, with backing from its new owner, beat today's deadline to bid for the Canadian government's C$35Bn ($37.06Bn) shipbuilding sweepstakes
Mitropoulos clarifies remarks on Libya, piracy THE IMO sought today to clarify statements made by secretary-general Efthimios Mitropoulos that were seen in one news account as suggesting that anti-piracy military forces had been diverted to support of Libyan rebels
Greek ferry strike postponed GREEK seamen told Athens today they will not strike during the rest of the summer to oppose government plan to cut their pensions
Canadian spill fears rise CANADA'S response capability for oil spills has become a US congressional issue
JNPT slams congestion levies INDIA'S Jawaharlal Nehru Port Trust has accused container lines of unfairly exploiting scheduled upgrades by imposing congestion surcharges on shippers
Crew rescued from listing ship SIX CREW members were rescued by helicopter today after they reported to French authorities that their general cargo ship had taken on a heavy list
Bulker analyst hits 'sell' WELLS Fargo analyst Michael Webber today graded down four drybulk stocks - Diana, Genco, Eagle and Excel - to 'underperform', the equivalent of 'sell'
Star Reefers tells 2Q losses THE FALL in spot freight rates plus an impairment charge against its older ships added up today to second-quarter losses for Star Reefers
Safe Bulkers profits fall GREEK shipowner Safe Bulkers has announced a 22% year-on-year drop in net income drop for the second quarter
Putin, senator rev up row RUSSIAN Prime Minister Vladimir Putin's disclosure that the US is trying to cancel import restrictions on automobile parts shipments has triggered a blast from Michigan
Worker dies after Subic yard fall INVESTIGATIONS are continuing today into the death of a worker at Hanjin HI & Construction Philippines' yard at Subic Bay
Daewoo pay deal agreed DAEWOO Shipbuilding said today managers and unions have accepted a pay accord
Oz cargoes to Korea seen surging MARTIN Ferguson, Australia's energy minister, said today Oz plans to supply more LNG and other resources to South Korea in a push to become Seoul's key energy partner
Keppel's profits corrected KEPPEL said today its 1Q2011 profits were S$384.86M ($318.24M), up 9.3% year on year
YRC Worldwide Closes on Restructuring Troubled trucking giant YRC Worldwide completed its $500 million financial restructuring Friday, cementing long-term credit terms and labor concessions that...
FAA Partial Shutdown Spurs 4,000 Furloughs Up to 4,000 federal employees will be furloughed and $2.5 billion in airport improvement work will stall midnight Friday after...
MSC to Hike India-South Africa Rates Mediterranean Shipping Company will apply a general rate increase on the trade from India to South Africa as part of what...
Top Railroads Hit Highest Employment Since 2009 The seven largest freight railroads added 1,818 workers to their U.S. payrolls from mid-May to mid-June, the largest increase this...
Mobile Handles Record Export Coal Shipment The largest export coal shipment ever handled by the Port of Mobile sailed early Friday, highlighting the Alabama State Port...
Port of Tampa Spends $12.9 Million to Expand The Tampa Port Authority's board this week agreed to spend $12.9 million to expand the port's container-handling capacity and inland...
DB Schenker to Ground US Freighters DB Schenker said Friday it will shut down the U.S. domestic air cargo network operated for years by BAX Global,...
YRC Worldwide to Name New CEO When YRC Worldwide's new board of directors meets for the first time today, job number one will be naming a...
Senior J.B. Hunt Executives Retire J.B. Hunt Transport Services reported several changes to its executive management team, including the retirement of Paul Bergant, the intermodal...
YRC National 'Back in Black' With $10.6 Million Profit Long-haul less-than-truckload operator YRC National rolled back into the black in the second quarter, reporting an operating profit of $10.6...
YRC Contract Pricing Rising Faster, Zollars Says YRC Worldwide hiked its contract rates about 4 percent in the second quarter as the less-than-truckload carrier hauled more long-haul...
Port of Cochin Handles Record-Size Container Ship The largest Maersk Line container ship ever to call Indian shores arrived Thursday at the Port of Cochin, a major...
IMS Worldwide's Spencer on Rise of Intermodal Shipping (Video) Curtis Spencer, president of IMS Worldwide, and Peter Tirschwell, senior vice president of Strategy for UBM Global Trade (parent company...
Star Reefers Reports $11.3 Million Loss Norway's Star Reefers swung to an $11.3 million second quarter net loss from a year-earlier profit of $3.8 million, as...
Hanjin Resumes Japan-Le Havre Service The Port of Le Havre said Hanjin Shipping resumed service between Japan and the French port on July 15 after...
KCS More Than Doubles Profit to $70.7 Million Kansas City Southern, the smallest of North America's Class I railroads, saw profit leap by 104 percent in the second...
Stagnant Rail Freight Traffic Remains Below Peak Freight volume for major North American railroads fell 0.3 percent in the week ending July 16 compared to the same...
"K" Line Joins Far East-Indian Subcontinent Direct Loop "K" Line will join a vessel-sharing agreement next month that is currently operated by Evergreen Line and Simatech on the...
YRC Worldwide Cuts Loss to $39 Million YRC Worldwide, in the midst of a restructuring aimed at stabilizing the trucking company's finances, reported a $39 million loss...
Distributing Change Logistics costs are rising, but where is the response from shippers in terms of truly changing fundamentals of their distribution...
Tinker to Evers, Not a Chance Q: We recently gave a shipment to a 3PL (broker) we use regularly. The broker then gave the shipment to...
Rational Exuberance Ocean carrier executives must be looking at railroads and trucking companies and wondering if they got in the wrong business....
APL Sets East Asia-US East Coast Surcharge Singapore-based container carrier APL will impose a peak-season surcharge on all cargo shipped from Asia and the Middle East to...
Container Corporation of India's Profit Up 21 Percent State-owned Container Corporation of India boosted first quarter net profit 21 percent from a year earlier to $52 million,...
Committee Witnesses Endorse Transport Bill The proposed two-year $339 billion surface transportation bill received the unanimous support of witnesses of the U.S. Senate Environment...
"K" Line joins Evergreen China-India loop The Japanese container line "K" Line said Friday it is joining a service linking the Far East to India and Pakistan from Aug. 10. "K" Line will participate in the Evergreen Line-Simatech Shipping CIX2 service as a vessel operator. It will provide ...
New controversy over Jones Act Waivers There is new controversy about the granting of waivers to the Jones Act for ships carrying oil from the Strategic Petroleum Reserve (SPR), with allegations that oil companies are tailoring their withdrawals to avoid using U.S. flag ships. The gover...
Toohey tapped to lead Waterways Council The Waterways Council has tentatively selected Mike Toohey to be its next president and chief executive officer. A special meeting of the WCI board has been called for Aug. 2 to formally consider his election to the organization's presidency. Toohe...
4 bids received for Hawaii 'Superferries' The U.S. Maritime Administration said it received four bids for the two high-speed ferries built by the defunct Hawaii Superferry company. However, MarAd said it would not reveal the name of the bidders or the amounts they offered for theAlakaiandHu...
CMA CGM adds back Port Said on EPIC loop The liner carrier CMA CGM is adding back a call at Port Said on a service between Europe and the Indian Subcontinent, according toAmerican ShipperaffiliateComPair Data . The French carrier had deleted calls at Port Said on itEPIC service in May , a...
Ship registry gets China approval International Register of Shipping (IRS) has received approval from the Chinese government's Maritime Safety Administration (MSA) to open a surveying company in China. The approval comes as IRS, based in Panama City, Panama, continues to expand its...
Military Sealift Command appoints Pacific commander The U.S. Navy's Military Sealift Command said Thursday Capt. Sylvester Moore has assumed command of its Pacific operations.Moore replaces Capt. Jerome F. Hamel.The Pacific Command is responsible for Military Sealift Command ships operating in the E...
U.S. prepares trade mission to Afghanistan Francisco Sánchez, U.S. Commerce Department's undersecretary for international trade, will lead a trade mission to Kabul, Afghanistan, this September.Sánchez will bring representatives from 10 U.S. companies who are interested in pursuing export, ...
Prices uncertain in the Americas Crude futures settled higher on anticipation that prices will increase next week if progress is made on the US debt crisis.
New Zealand bunker debate considered environmental risk One industry expert said he believed the ferries were responsible for 80% of sulphurous gases over Wellington.
IBIA Chief Executive resigns Resignation will take effect from July 31, 2011.
Prices mixed in the Middle East Suppliers bunkering schedules extremely tight for prompt dates.
Markets firm across Europe Renewed confidence in eurozone area.
Antarctic fuel oil ban hits cruise passenger numbers With ban entering into force next month, several operators are withdrawing large cruise ships from the region.
Study of CO2 abatement cost shows 'amazing results' Huge CO2 cuts possible at profit to industry, but significant barriers preventing realisation of $70 billion potential fuel cost savings.
Turkish supplier expands operations to Aegean Sea Will be selling 380 cSt, 180 cSt and 0.1% sulphur MGO at Izmir.
ARA supplier prepared to change pricing formula Separating product price from barge freight cost already practiced in several regional ports.
Week ends with gain in IFO prices Demand for bunker fuel mixed at major Asian ports on Friday.
Boldly Going Bigger? With ship sizes increasing, so will bunker stems, but will suppliers be willing to extend credit to 'fill her up' if there is another rate crash?
US Navy places order for fuel tank sensors Organisation will order 13 sensors from Electronic Marine Systems.
Singapore onshore fuel oil stocks at three-week high Volume up 12.4% to 19.689 million barrels with further inventory gains expected.
Glencore subsidary gets fuel saving service Blue Water Trade Winds signs three year deal to install cargo heating management services for ST Shipping.
Fall in global bunker demand 'faster than anticipated' High bunker prices prompt development of fuel-efficient ships, study says.
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