Big money to chase huge car haulers, come 2012 Ships capable of hauling 4,000 cars across the world's oceans may make the most money next year since the global recession as production reaches a record and demand from emerging markets swells cargoes.
Philippines shuts its largest maritime school THE Philippines has closed down the maritime education programmes of the country's oldest and largest maritime school, allegedly for failure to comply with local and international standards.
China orders lift Baltic index The Baltic Exchange's main sea freight index, which tracks rates to ship dry commodities, inched higher on Tuesday, helped by Chinese interest in buying iron ore and coal.
Wim Bosman delivers exhaust silencer from Romania to Germany Wim Bosman CEE (Central and Eastern Europe) recently delivered an exhaust silencer from Romania to Germany. Because of the silencer's exceptional dimensions it was loaded onto a lo...
Crowley launches Tampa-Central America ro-ro traffic Crowley Maritime has started a new ro-ro link between the port of Tampa FL and ports in Central America, deploying the "Crowley Americas". It will call at the ports of Ri...
Rickmers-Linie chosen for delivery of Airbus parts Rickmers-Linie, a Hamburg-based operator of heavylift and project liner services, has been chosen by Spirit AeroSystems as its partner to transport Airbus fuselage sections from Mo...
Danone extends logistics contract with K+N in Poland The food company Danone has expanded its cooperation with the logistics services provider Kuehne + Nagel by another three and a half years. K+N conducts temperature-controlled ware...
Singapore Airlines Cargo adds Frankfurt to network Singapore Airlines Cargo will commence twice-weekly Boeing B747-400 freighter services to Frankfurt next Wednesday. The freighter services will complement the cargo capacity availa...
Österreichische Post expands into Romanian postal market Österreichische Post has entered the Romanian postal market with the acquisition of a 26% stake in Bucharest-based direct mail specialist Post Master, for an undisclosed amount. Th...
Agreement between Chongqing and Liege airports Liège airport (Belgium) an international centre that focuses entirely on cargo operations, and Chongqing airport, a major air hub in China, have signed a memorandum of understandin...
Bertschi earns AEO certificate in Netherlands Bertschi BV, the Dutch branch of the Swiss company Bertschi, a service provider in the field of international distribution of chemical industry products, has earned an AEO certific...
WABCO appoints Mary Petrovich to board of directors WABCO Holdings, a global technology leader and tier-one supplier of the commercial vehicle industry, increased the number of member on its board of directors to nine and appointed ...
LH Cargo staff protest against night flight ban at Frankfurt airport Workers at Lufthansa Cargo in Frankfurt will stage a walkout at 13.30 this afternoon. The airline's works council called for the 90-minute action and is thereby taking a stance aga...
New container rail link between Slovenia, Austria and Poland Starting today, 26 October, a new container service will operate on a weekly basis from Koper (Slovenia) on Wednesdays and arrive at the Polish terminal on Fridays. The train will ...
UPS sales up and operating profit flat in Q3 UPS, the world's biggest parcel service provider, increased sales by 8% in the third quarter of 2011 over the same period in the previous year, from USD 12.19 billion to USD 13.17 ...
SNCF Geodis launches Normandie Rail Services SNCF Geodis, the transport and logistics division of SNCF, has launched Normandie Rail Services, a new operator that serves internal terminals at the port of Le Havre and now handl...
John Deere looks to seal long term ro-ro relationships US-based agricultural equipment giant prefers close partnerships to balance trade fluctuations
Soaring costs force ro-ro shippers onto containers Lack of transparency in bunker adjustment factors can mean a difference of between $1,500 to $2,000 per unit, meaning a change in business model for many shippers to stay competitive
DryShips hails $141m syndicated loan deal for tanker newbuildings Aims to leverage strong ties with banks to finance further tankers and bulkers
Middle East-Asia VLCC earnings at highest level in four months Owners able to fix ships are generating returns above operating cost levels
Bank lenders to refrain from pulling plug on Trailer Bridge until October 31 Company still striving to refinance senior secured notes
Carriers' services reshuffle sees panamax tonnage fixed at new lows Maersk Line extends three 5,000 teu vessel contracts at just $8,000 per day
Grand China faces asset disclosure order UK court so far backs Vafias in charter hire dispute as further GCL payment blips come to light
Carnival backs plan for sulphur 'averaging' Controversial proposal would allow vessels to burn high-sulphur fuel in emissions control areas
The Red Ensign's legacy of caring The UK's maritime charities need to adapt to a changed world
Third-quarter results reveal reality of tanker sector plight Even well-structured companies report enormous losses while others face ruin
HHI's Ulsan hits the right note World's largest shipyard pays homage to German culture ' and values
Cosco Pacific posts rise in revenue Higher figures achieved despite slowdown in container throughput growth
US judge to set timetable for magic pipe detention Gaurav Prem case sets new benchmark against 'indefinite' detentions, say lawyers
Who would you choose? We are waiting for your thoughts on who deserves a place in our Top 100 rankings
Shanghai corners market in box derivatives Cleartrade boss urges fresh push to generate more international trading
Pirates to increase threat through cyber attacks Ships need to address chinks in their cyber security armour
CSCL posts $250m loss in first nine months Overcapacity blamed for lower volumes
DCT Gdansk pushes for gateway role Lower costs make it an attractive inbound hub, report says
DP World to expand cruise terminal Port Rashid berth capacity to double
Shipping needs to be involved in fraud intelligence City of London Police call on industry to share data with other sectors
Slide in transpacific box rates continues Matson moves to plug Horizon gap
SeaFrance's best chance The only realistic hope for SeaFrance's survival is the emergence of a private investor with confidence in its potential
Paris court delays SeaFrance ruling Liquidation still an option after Tribunal de Commerce discusses state-owned company's alternatives
Financial leaders warn over growing trade protectionism Political resolve is being tested as weak growth spreads across G-20 countries
Nato chief says commitment to combating piracy is subject to resources ITF raises concerns over pirates' increased use of violence and flag states' lack of action
Weaker bulk rates put Excel in the red Greece-based owner spies good times ahead as its bolsters liquidity and charter coverage
US LNG export deal agreed CHENIERE Energy revealed today that BG has agreed to purchase 3.5M tonnes of LNG per year from the proposed Sabine Pass export project in Louisiana
Cruise ports brace for Rina HURRICANE Rina could affect more than a dozen cruise ships in the Gulf of Mexico as it tracks toward busy cruise ports
Sesa Goa staggered SESA GOA, India's largest iron ore exporter, said profits plummeted in its July-September quarter
Capesize surge to continue? STRONG activity in the Atlantic is helping to drive up spot freight rates for Capesize drybulkers
DryShips gets tanker loan GEORGE Economou's DryShips said today it has secured a $141M syndicated loan facility to fund four tanker newbuildings at Samsung
Trailer Bridge faces last call NASDAQ-listed Trailer Bridge has defaulted on its bank debt, but lenders have agreed to forebear on accelerating the loans until 31 October
Excel misses the mark NYSE-LISTED Excel Maritime has reported larger quarterly losses than expected and a move to reduce spot exposure in 2012
More write-downs on VLCCs ahead? VLCC SPOT rates are continuing to rise in active trading, but a weak third quarter means that tanker companies might need to write down asset values, according to shipping analysts
Fortescue raises $1.5Bn MINING giant Fortescue Metals today raised $1.5Bn in a bond issue to fund its plan to take on rivals Rio Tinto and BHP Billiton in Western Australia
DPW shares shaky despite 10% growth DUBAI Ports World shares have reportedly dropped 16% in this year - and at the beginning of this week were at a near-60% discount to the 2007 IPO price
Matson pledges support for Guam A DAY AFTER Horizon said it will abandon Guam altogether, the other main line that serves the island - Matson - assured its support
SeaFrance ruling postponed A FRENCH court has postponed a decision until 19 November to decide whether ferry operator SeaFrance can remain a going concern
Norfolk Southern Profit Jumps 24 Percent Norfolk Southern Railway saw third quarter profit jump 24 percent to $554 million, with a solid 3.3 percent growth in...
ATA Seeks Supreme Court Review of Clean-Truck Program The executive committee of the American Trucking Associations voted unanimously to seek a U.S. Supreme Court review of a recent...
Caterpillar Sees China Growth Slipping Caterpillar expects sales to increase 10 percent to 20 percent next year, but says sales growth in China will slow...
CSAV Volume Up in September, Revenue Slides The volume of containers transported by CSAV in September rose 2.2 percent from August, but dropped by 18.8 percent from...
Cargoitalia Targets Charter, Wet Lease Market Cargoitalia created a division to handle growing charter and aircraft wet lease operations, which are compensating for reductions in the...
LTL Carrier YRC Reorganizes Regions, Leadership Less-than-truckload carrier YRC Inc. is consolidating geographic regions and streamlining its management under new president Jeff Rogers. The national...
Five Ways to Find Capacity Story: Seeking Space, Creating Capacity
Heartland Express Profit Drops 15.8 Percent Rising fuel prices and tight driver availability slowed profit growth at Heartland Express, still one of the most profitable truckload...
DB Schenker Launches UK Rail Freight Service Germany's DB Schenker is launching Britain's first regular rail cargo service using a European-sized, high-speed track from London to the...
Profit Surges at Trinity's Railcar Units Trinity Industries, North America's largest railcar manufacturer and builder of barges, wind towers and steel construction supports, saw third-quarter profit...
C.H. Robinson Profit, Revenue Rise 11 Percent Increases in truck and intermodal volume and pricing pushed C.H. Robinson Worldwide revenue up 11.3 percent from a year ago...
Guangzhou Container Volume Grows 24.6 Percent Guangzhou Port Group reported a 24.6 percent year-over-year increase Wednesday in container volume in September, but the Southern China operator...
Trans-Pacific Spot Rate Falls to 22-Month Low Spot rates for container shipments from Hong Kong to Los Angeles fell to their lowest level in the last 22...
Shoemakers Looking Beyond China With wages in South China escalating rapidly and product quality at times comprised, footwear importers increasingly are looking to western...
OOCL puts more big ships on Intra-Asia OOCL is increasing the vessel size it operates on its KTX 2 loop, linking Japan with South China and Thailand, from 2,742 TEUs to 4,562 TEUs. Its Japan to Singapore KTX 1 loop already has 4,500-TEU ships.
Prices soft in Rotterdam and Hamburg Cargoes said to be on the way to Rotterdam.
Companies 'working towards greener shipping' Software company to help shipbuilder deliver fuel-efficient vessels.
Statoil sees profits weaken Sales of biofuels up year-on-year.
Search for fuel-efficiency driving new orders Owners looking long-term and 'ignoring current supply- and-demand imbalance.'
Asian IFO prices firm at mid-week Supplies of bunker fuel mixed at key Asian ports on Wednesday.
Hong Kong to 'explore' possibilities of ECA in Pearl River Delta Hong Kong Chief Executive in discussions with other regional governments in China.
UK-based shipping company posts losses on 'weak' shipping market Braemar's environmental services business contracted to work on MSC Rena in New Zealand.
Norwegian OSV to receive diesel electric propulsion system Fuel consumption 'at least' 15% below comparable propulsion systems, says Caterpillar.
Container freight rate war 'to continue' 'High probability' for rates to drop further, says Alphaliner.
Fuel pumping ops from stricken ship 'past halfway' Around 645 mt of fuel was removed from Rena as of Tuesday afternoon.
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.
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
phone: +39.010.2462122, fax: +39.010.2516768, e-mail
VAT number: 03532950106
Press Reg.: nr 33/96 Genoa Court
Editor in chief: Bruno Bellio No part may be reproduced without the express permission of the publisher
- Ocean news
- Via Raffaele Paolucci 17r/19r - 16129 Genoa - ITALY
